The rise of Hong Kong's wealthy families

Deep Water Bay Golf Course

Many tycoons such as He Jiahao, Zheng Yutong, Li Jiacheng, and Li Zhaoji gathered here to discuss business cooperation while playing ball.

Zheng Jiachun and several other rich second generations stood together with He Jiahao. Everyone watched the golf ball hit by Li Jiacheng bounce a few times on the grass, still a few meters away from the hole.

"Papa!!" Everyone clapped their hands with smiles on their faces.

"That's a good shot. It looks like I'm going to lose 200,000." Zheng Yutong chuckled. He didn't care about the 200,000.

Li Jiacheng smiled slightly and said, "Zheng Sheng's skills are much better than mine. This shot was just luck."

"Li Sheng played very well. If you lose, you lose. There is no need to talk about luck." Zheng Yutong changed the topic and said, "But according to the old rules, the winner has to treat him to dinner."

"Haha!! Inviting so many people to dinner, I'm afraid the 200,000 Li Sheng won is not enough, and he may have to pay another 200,000. If it were me, I might as well lose to Uncle Tong." He Jiahao said jokingly, the people present, Even the rich second generation does not lack the 200,000. They just joke with each other and liven up the atmosphere.

"Okay, I won, let's treat everyone to dinner." Li Jiacheng held the cue and said with a smile.

He Jiahao said, "To make a digression, July 28 is my wedding day. Taking advantage of the fact that everyone is here today, I have invited them all to come to my wedding. The red envelope should be bigger."

"When you finally got married, I thought it would be better than never getting married," Zheng Yutong joked.

Those people also echoed and made some jokes.

"He Sheng, you started too quickly. I was just about to take action against Wheelock Company when I heard that He Sheng had successfully acquired Wheelock Company." Li Jiacheng had a smile on his face, otherwise he would have thought he was mocking He Jiahao. .

"Last year, I wanted to acquire Wheelock Company, but the timing was wrong. Wheelock had not fallen to the bottom yet. A forced acquisition would result in more losses. At the beginning of this year, Wheelock was heavily in debt, so I started to secretly buy the company. Defeng stock." He Jiahao said.

Li Jiacheng sighed and said, "He Sheng has a great sense of timing."

"Li Sheng's Huanghe Industrial is already one of the top ten real estate companies in Xiangjiang. I will invest overseas next, and there are many opportunities in Xiangjiang." He Jiahao said incoherently, but the tycoons around him all understood He Jiahao's mean.

Xiangjiang is too small. Without He Jiahao, everyone has a little more room for development.

"I heard that Liang Zhonghao of the Grand Hotel Group wants to sell his shares of the Grand Hotel Group. Is He Sheng interested?" Li Jiacheng asked.

Ho remembers that Liu Luanxiong, the first person in Hong Kong to take action against a large hotel group, bought 20 million shares from Liang Zhonghao at a price of HK$53 in 1987, costing HK$1.06 billion, and the remaining 11 million shares in Liang Zhonghao's hands were sold to Lai Sun Lin Jianyue of the group.

Liu Luanxiong and Lin Jianyue launched an acquisition case for the Grand Hotel Group. Unfortunately, the Kadoorie family, the owner of the hotel, reported them to the Securities Regulatory Commission for "acting in concert". Although they failed to sue, the acquisition time was extended, forcing Liu Luanxiong and Lin Jianyue to Because the high interest rates can only be cashed out.

It's only 1984 now, a full three years earlier than in the previous life.

"Li Sheng, the funds required to acquire the hotel group are at least 3.5 billion, and the Kadoorie family has been entrenched in the hotel for many years, so it is very likely that they will launch a comprehensive acquisition." He Jiahao thought for a while and looked at Li Jiacheng and said.

"If a comprehensive acquisition is launched, the funds required will be no less than 5 billion." Li Jiacheng said solemnly, "But the assets of the Grand Hotel Group are very rich, and I think it is worth it."

In his previous life, Li Jiacheng was a Confucian businessman. Like Zheng Yutong, he generally would not launch hostile takeovers of other companies. Although Huanghe Industrial Company is developing well now, it is at the bottom among the top ten real estate companies. Therefore, Li Jiacheng is anxious to strengthen Huanghe Industrial Company. I no longer care about reputation.

He Jiahao smiled and said, "Let's find a place to talk later."

"Okay!" Li Jiacheng nodded. In fact, he didn't want to find He Jiahao. After all, the two of them had a bit of a feud, but there were only a few people in Xiangjiang who had the strength to take action against the hotel. Zheng Yutong and Bao Yugang were not interested in the hotel. Not wanting to bear the notoriety, I had no choice but to go to He Jiahao.

A lounge on a golf course

"The Kadoorie family has been deeply involved in Xiangjiang for decades and has great influence. Compared with Jardine Matheson Company, it has not done anything harmful to nature. What name does He Sheng think it is better for us to carry out acquisitions?" Li Jiacheng said.

Hearing this, He Jiahao knew that Li Jiacheng wanted him to be regarded as the villain. However, for He Jiahao, the acquisition of the Grand Hotel was not the best time now, and of course he would not let Li Jiacheng take advantage of it.

"Li Sheng, if you don't have a name, just wait for now. We want two board seats if we take 31% of the shares of the hotel from Liang Zhonghao, and express our goodwill to the hotel. Managing the property of the hotel on behalf of Liang Zhonghao should be regarded as a sign of gratitude to the hotel. Let’s invest in the hotel." He Jiahao said with a smile.

He could afford to wait anyway, Li Jiacheng was just anxious.

Li Jiacheng pondered for a moment and said, "He Sheng, although the income of the hotel is good, it is a pity that the Kadoorie family decides whether to distribute dividends. Moreover, in recent years, the Kadoorie family's style in the hotel has become more and more... Conservative, many shareholders are already dissatisfied, I think we can use this as our name after acquiring 31% of Liang Zhonghao’s shares.”

"Hmm! Then how do Li Sheng think we should carve up the big hotel group?" He Jiahao said. With the examples of Liu Luanxiong and Luo Xurui in his previous life, he has a high chance of succeeding in the acquisition.

"What does He Sheng want?" Li Jiacheng asked.

"Give me all the hotel business of the Grand Hotel Group, and the rest belongs to Li Sheng, how about it?" He Jiahao is not very interested in the real estate business and properties of the Grand Hotel. After all, he has already acquired a land known as the 'Central Landlord' company.

"He Sheng, can you give me the Manila Peninsula Hotel?" Li Jiacheng asked with a guilty conscience.

He Jiahao smiled and said, "Okay! But Liang Zhonghao probably won't sell these 31% shares to one person. In any case, Liang Zhonghao still doesn't want to offend the Kadoorie family, so I suggest we take separate actions to capture Liang Zhonghao first."

He Jiahao guessed that Li Jiacheng wanted the Manila Peninsula Hotel to attack the hotel business in the Philippines. After all, Huanghe Industrial Company did not have any hotel business, and among the large hotel groups in the hotel industry, he could only win the Manila Half Hotel.

Li Jiacheng nodded. Although he felt that this was unlikely, it was always right to be cautious.

As one of Hong Kong's blue-chip stocks, Grand Hotel Group has huge assets. According to the current stock price, the market value of Liang Zhonghao's 31% stake is HK$1.2 billion.

Li Jiacheng has the cash cow of Junyicang, so he will naturally not be short of the 600 million in cash, and He Jiahao is not short of 600 million.

Winning Liang Zhonghao's shares is only the first step. What is important is the subsequent acquisition. If the share price of the hotel group rises to 70 yuan and the market value reaches 7 billion, later funding will still require 1.4 billion.

He Jiahao could bear it, but Li Jiacheng could not bear it, but neither of them could give up.

Even if Li Jiacheng gives up, He Jiahao will grit his teeth and persevere. After all, the villain has been taken in, so how can he give up halfway or even suffer losses.