The rise of Hong Kong's wealthy families

Saturday, June 16

Peninsula Hotel Cafe in Tsim Sha Tsui

He Jiahao was wearing a blue suit and looked a bit coquettish. However, no one dared to make fun of this Hong Kong super-rich man in person, because everyone in Hong Kong knew that He was stingy and would retaliate.

Sitting across from him was a foreigner, a British Jew, John Madden, the chief executive of Wheelock Company.

John stirred the coffee on the table with a silver spoon and said lightly to He Jiahao, "Why did He Sheng ask me out?"

"Since I'm in front of Mr. John, I won't hide it." He Jiahao said with a smile, "I heard that Mr. John wants to sell his shares of Wheelock Company. I wonder if he has found a suitable candidate?"

Hearing this, John Madden paused the stirring action and said, "I said this to my friends, but I still have confidence in Wheelock. Wheelock's assets are very rich, and once the shipping industry recovers, Wheelock will The company will take off.”

‘What takes off? Just fall into the mud. Have confidence? If you have confidence, you won’t want to sell.

He Jiahao was complaining in his heart, but on the surface he smiled and said, "I can give a 20% premium, and I already hold about 30% of Wheelock's shares."

He Jiahao is naturally not afraid of John. Anyway, this guy will soon withdraw from the market in Xiangjiang. Without Wheelock Company, the Madden family has nothing to worry about. If he is more ruthless, the Madden family can suffer heavy losses.

"30%?! When did He Sheng acquire it?" John Madden became a little unhappy. He Jiahao secretly acquired so many shares of Wheelock Company without notifying him, which made him very embarrassed.

"Mr. John, there is no need for you to know this kind of thing. If you think the price is low, I can give you a higher premium." He Jiahao guessed that John Madden had already contacted Qiu Deba, and the negotiation should not go smoothly.

John Madden frowned and thought about it. He Jiahao's price was much more generous than Qiu Deba's, but He Jiahao was so disrespectful that he made a hostile acquisition without even saying hello. Should he join forces with Zhang Yuliang to resist He Jiahao?

John Madden holds 14% of Wheelock's shares, and Zhang Yuliang holds 34.9%. The total is close to 50%, so even He Jiahao will have difficulty in acquiring it successfully.

However, he didn't know that He Jiahao had already taken over 20% of Wheelock's shares from Zhang Yuliang, and now held more than 50% of the shares. Now he was just giving him the final dignity of John Madden.

If John Madden doesn't want it, Ho will turn around and announce that Manulife Development Company will fully control Wheelock Company, ruthlessly kick John out, and then investigate his business mistakes, and may face prison time.

John Madden had nothing to do with He Jiahao's domineering and lack of face, and asked, "He Sheng, really only holds 30% of the shares of Wheelock Company? Then why didn't you inform me, the executive officer of Wheelock Company?"

"Mr. John, I personally don't really want to acquire Wheelock Company, and I think Mr. John, you can make Wheelock come back again, so I acquiesced to the purchase of Wheelock Company's stock as an investment. Unfortunately, my staff thought I had the idea of ​​acquiring Wheelock Company as a surprise, but so much money was spent on the acquisition.”

He Jiahao smiled bitterly and said, "Mr. John, you know that. I was buying a real estate company in the past few months, so how could I have the energy to pay attention to these things."

These words are 30% true and 70% false, and the plot seems reasonable. Therefore, John Madden does not really believe what He Jiahao said, but he has no way to refute it, or he does not want to tear down this layer of window paper.

John Madden thought about it again and again, and still thought that if Qiu Deba could pay a 30% premium, he would not sell it to He Jiahao.

"He Sheng, I still need to think about this matter. I will give you news in a few days."

He Jiahao did not continue to force John, but smiled and nodded. The original purpose was to say hello to John. Even if Qiu Deba won the 14% of the stock, he was not afraid. By the way, he could use this matter to improve his morality. The company's share price.

"In that case, I will wait for the good news from Mr. John."

The two left the Peninsula Hotel with evil intentions.

He Jiahao, who was sitting in the back seat, already knew what John Madden meant. Unfortunately, news of the acquisition of Wheelock Company broke out at this time. If Qiu Deba did not want to give up and would rather acquire the stock at a high price, then John Madden would definitely make a lot of money. Full.

Of course, it may also be that Qiu Deba was too expensive and was unwilling to pay a high price, so John Madden pinched his nose and sold the shares of Defeng to He Jiahao.

After a moment of struggle, He Jiahao gave up the method of breaking the news. After all, it was harmful to others and not self-interested, and anyone with a discerning eye could see it was his trick.

There is no righteousness in buying and selling. There is no need to do things that are not profitable.

Wednesday, June 20

At about 9:30 a.m., Ho received a call from John Madden, saying that 14% of his shares in Wheelock had been sold to others. ’

After He Jiahao hung up the phone, he immediately notified Cui Meiting and asked her to contact the Securities Regulatory Commission and other departments to submit the acquisition of Wheelock Company by Manulife Development Company.

At close to two o'clock in the afternoon, the Qiu Tak Pak Group published an advertisement stating that it had purchased 14% of Wheelock's shares from the Madden family and began to fully acquire Wheelock shares from other shareholders, bidding HK$6 for A shares and HK$6 for B shares. Each share costs HKD 60 (B shares and A shares are not equivalent, but have the same voting rights).

He Jiahao did not immediately announce the news that Manulife Development Company already held 50.6% of the shares. Instead, he waited for the Qiu Tak Pak consortium to make an aggressive acquisition. They would find that the acquisition progress was getting slower and slower and more difficult. Fun.

On the first night of the acquisition on June 21, Qiu announced that its stake had increased to 23.5%.

At ten o'clock in the morning on Friday the 22nd, Manulife Development Company announced the acquisition of United Enterprise Company, holding 53% of the shares at the same time, becoming the largest shareholder of United Enterprise Company, and indirectly controlling 6.8% of Wheelock Company's equity.

The Qiu Group was under great pressure and announced a new round of acquisitions at 11 o'clock at a price of 6.6 yuan for A shares and 0.66 yuan for B shares.

The shareholders were smart enough to sense Manulife Development's intention to acquire Wheelock, so even though the Qiu Group raised the price, they did not go to Luo Fuqi Financial Company to register the sale of stocks and wait for Ho's bid.

Because everyone in Xiangjiang knows that He Jiahao is very wealthy and has always been generous in acquisitions.

Until 3 o'clock in the afternoon that day, Manulife Development Company announced that it had held 50.6% of Wheelock Company's shares, indirectly controlling 6.8% of Wheelock Company's stock. Manulife Development Company would enter Wheelock Company next week.

As soon as the news came out, investors were in an uproar and sold their Wheelock shares one after another. Within half an hour, Wheelock's stock price fell to 5.8 yuan.

The Qiu Group also sold stocks on a large scale in the hope of recovering some funds and reducing losses.

Unfortunately, by the time the market closed at 4 o'clock in the afternoon, Wheelock's stock price had fallen by 1.2 yuan, and the Qiu Group suffered heavy losses.

The stock market is closed on Saturdays and Sundays, so a new round of stock price decline is naturally brewing.

Naturally, He Jiahao will not stop it, because he wants to attack the Qiu Group. If investors believe in him, there will be no losses, because he is here to run Wheelock Company, not just to make a small amount of money and then leave.