The rise of Hong Kong's wealthy families
Chapter 262 Acquisition of Wheelock
Three days later, news came from Li Dingchang, saying that ‘after discussion by the board of directors, the second plan was agreed’ (the property near Pennington Street and the property between Enping Road and Jardine’s Place).
Of course, Ho would not let the Lee family get through so easily, so he stipulated the delivery time of the property between Yun Ping Road and Jardine's Place. The delivery must be completed within two months, and the settlement must be based on 80% of the current market price.
Li Dingchang also wanted to reduce some losses, but He Jiahao directly refused, saying that if the price was not met, there was no need to continue the negotiation, so Li Dingchang swallowed this 'loss'.
The Li family came to apologize, but they actually wanted to reduce losses. He Jiahao wanted to overturn the table directly. He didn't even understand this rule, so what was there to talk about.
Wednesday, June 13
Manulife Development Corporation Office
He Jiahao was frowning as he listened to Cui Meiting's report, "There are already people in the stock market who are secretly acquiring shares of Wheelock Company. It's just a small amount. They are not in a hurry. It seems to be a test and they are afraid of being discovered."
"Can you find out who they are?" He Jiahao asked. He guessed that this person should be Li Jiacheng or Qiu Deba. If no one invites the charter king, the charter king will not end up. After all, the older generation wants good things. reputation.
"I can't find it, but I found that those accounts are all from HSBC." Cui Meiting replied. She knew that this was her first battle as deputy general manager and she had to win, otherwise it would be difficult to secure this position.
Most of the people who employ HSBC are Li Jiacheng. The charter king in his previous life asked HSBC's subsidiary Hutley Company to announce that the Bao Group would join Wheelock's takeover battle. Therefore, it is very likely that Qiu Deba will not do so in this life. In partnership with HSBC.
If it were Qiu Deba, He Jiahao would not be worried, because the chartering king in his previous life could defeat Qiu Deba, and he could do the same. After all, a dragon crossing the river cannot defeat a local snake, not to mention that He Jiahao is more powerful than the chartering king in Hong Kong. .
Li Jiacheng is different. He has the support of Shen Bi from HSBC. Once the two sides start a takeover battle, Ho will not have too many advantages and may even suffer losses.
"Immediately help me make an appointment with Zhang Yuliang from Jinxing Real Estate Company. I want to talk to him about Wheelock Company." He Jiahao immediately gave the order.
"Okay, I'll get in touch right away." Cui Meiting knew the importance of this matter. Once delayed, it would have a major impact.
Friday, June 15
In the private room of Mandarin Oriental Hotel
He Jiahao and Zhang Yuliang sat across from each other, with some pastries and a cup of tea on the table.
"He Sheng is the number one person in the business community in Hong Kong. He has successfully acquired real estate companies. With the addition of Hutchison Group, He Sheng has acquired one of the top two groups in Hong Kong." Zhang Yuliang chuckled, with a hint of envy in his eyes. .
He Jiahao said modestly, "Sheng Zhang deserves the prize. I'm just lucky. I came across a good opportunity when Jardine Matheson Company and Land Company were in serious debt. If it were normal times, I might not be able to acquire them."
Of course Zhang Yuliang did not believe what Ho Ka-hao said. Even if the two companies were highly indebted, they would not be easily acquired. The billions of Hong Kong dollars in cash involved were something that few people in Hong Kong could come up with.
"He Sheng is too humble. I wonder why He Sheng asked me out today?" Zhang Yuliang asked.
He Jiahao smiled and said, "For Zhang Sheng and Wheelock Company! As the major shareholder of Wheelock Company, Zhang Sheng is very aware of the current situation of Wheelock Company. The debt is nearly 2 billion. Coupled with the sluggish local market, Wheelock Company Feng Company is already facing the crisis of liquidation."
"He Sheng wants to acquire Wheelock?" Zhang Yuliang had already guessed about acquiring Wheelock before coming here.
He Jiahao nodded, "To save Wheelock Company, there must be a large amount of capital injection, or the city will quickly return to the peak price in 1982, and if the city price rises alone, even if Wheelock Company is saved, it will be severely damaged." . If Zhang Sheng wants to sell it, I can buy it at a high price so that Zhang Sheng will not suffer a loss."
There was a look of hesitation on Zhang Yuliang's face. He neither wanted to give up Wheelock Company nor sacrifice his personal interests to save Wheelock Company. He also wanted to occupy the position of Wheelock Company's major shareholder, even if it was impossible. accomplish.
"If I refuse, will He Sheng force the acquisition?" Zhang Yuliang asked somewhat aggressively.
He Jiahao pursed his lips and smiled and said, "Sheng Zhang, to be honest, you can't keep Wheelock Company whether I take it or not. Unless Zhang Sheng is willing to lend Wheelock 1.2 billion, if I force the acquisition, the money in Zhang Sheng's hands will be It is impossible to sell all the shares, and I will try my best to increase the shares in my hands, and Zhang Sheng will also be out by then."
According to the forced acquisition plan, Zhang Yuliang can make a good profit, but it will have to wait a few years.
Zhang Yuliang lowered his head and thought, He Jiahao has a great reputation in Hong Kong, and those who offend him never end well. They are as powerful as Hysan Industrial and the Lee family, and as domineering as Land Company and Jardine Matheson Company. They are all defeated by He Jiahao, and even engage in conspiracy. Got to be in debt.
Although he wants to sell the property and fade out of Hong Kong, he does not want to completely evacuate Hong Kong, because Hong Kong is still a good place to invest and make money, and Wheelock still has good potential. For example, its Lane Crawford department store has properties in Tsim Sha Tsui and Causeway Bay. Several shopping malls.
"I can sell part of the stock to He Sheng, but He Sheng needs to discuss it with John Madden if he wants to take over the management rights of Wheelock Company." Zhang Yuliang thought over and over again and could only choose a compromise plan.
With the addition of He Jiahao, Wheelock Company will definitely be saved, and its subsequent development will definitely not lose to Hutchison Group.
"I will negotiate with John Madden. How much is Zhang Sheng's part?" He Jiahao said. He did not need Zhang Yuliang's ambiguous answer.
Zhang Yuliang said, "How much does He Sheng need?"
"Zhang Sheng cannot hold more than 16% of the shares, and the rest must be transferred to me, how about that?" He Jiahao was very domineering, and his tone of voice revealed that he was not allowed to refuse.
"Okay, then I will sell 20% of Wheelock's stock to He Sheng, but He Sheng needs to retain my two seats on the board of directors." Zhang Yuliang continued, "At the same time, He Sheng must also ensure that within two years, Wheelock will start To make a profit, dividends will exceed HK$200 million in three years.”
"Zhang Sheng is indeed a veteran in shopping malls. Even if he invests heavily in Australia, he will not forget to invest in Hong Kong." He Jiahao said with a smile, "I agreed to Zhang Sheng's request."
"Now that a verbal agreement has been reached, would He Sheng mind revealing how many Wheelock shares your husband holds?"
"About 30%, you can control the United Enterprise Company at any time."
As soon as the words fell, Zhang Yuliang breathed a sigh of relief. Fortunately, he agreed to He Jiahao. Otherwise, He Jiahao could control Wheelock Company as long as he persuaded John Madden. His position would be very embarrassing. He could neither threaten He Jiahao nor seek the maximum. Interests.
Now as long as 20% of his stocks are taken, John Madden's elimination is inevitable.
"He Sheng is young, but he grasps the timing of the market very accurately." Zhang Yuliang had to admire He Jiahao's layout and his courage.
"Zhang Sheng said something serious. It's just that his company has plenty of cash and needs to choose an investment project." He Jiahao said with a smile.
The two chatted for a while, then said goodbye and left.
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