Chapter 766 Huge Profits
Song Yuanchao couldn't help but sigh at Liu's sharp vision, decisive actions, and shrewd calculations.
As for Xu Hui's pessimism about Liu's acquisition, it is normal from a logical point of view. After all, it is very difficult for Liu to swallow an elephant with a small snake. Chinese Estates Holdings is not a soft persimmon that can be easily squeezed. If such a time-honored company could be acquired so easily, Chinese Estates Holdings would not have existed until now.
Song Yuanchao didn't know this in his previous life, nor did he know what the result of this acquisition would be. But he knew Liu's later status in Hong Kong and the reputation of Chinese Estates, and knew that the company would eventually fall into Liu's hands.
In this case, the possibility of Liu's acquisition being successful this time is very high, unlike some others who are not optimistic about Liu.
Thinking of this, Song Yuanchao shook his head. Liu was indeed a business genius, especially in finance and capital operations. The title of stock market sniper was well-deserved.
But in Song Yuanchao's view, Liu's success this time is an important . Liu originally came from an industrial background and made his fortune from industrial business. But now he is obviously ready to give up industrial business and switch to finance and real estate, which is a pity.
But it's normal. Doing these things has quick results and high returns, which is nothing like doing real business which is hard and laborious with slow returns. Hong Kong is one of the financial centers in Asia, and the real estate industry is booming now. There are many wealthy people who have made their fortunes in finance and real estate.
Apart from other things, which of the top richest people in Hong Kong is not engaged in finance or real estate? The famous Li Chaoren is the best representative.
For a long time to come, finance and real estate will remain the mainstay of Hong Kong, and this trend will gradually shift from Hong Kong to the mainland, becoming more and more intense in the early 1990s and after the 21st century.
Song Yuanchao told Xu Hui to wait and see about Liu's acquisition of Chinese Estates Holdings for the time being. If appropriate, let the people in the investment department follow Liu's steps to train the team and get some benefits at the same time.
Although Song Yuanchao could have directly transferred overseas funds through an offshore company without going through Shenghua Company, or let Sit intervene in the acquisition in the name of his American company, he considered it and decided not to do so.
Although Liu had calculated both Sheng Hua and himself this time, Song Yuanchao was not angry. As a qualified businessman, especially after what happened last time, it was normal for Liu to be on guard against himself.
Moreover, Shenghua is currently at an important moment of listing, and Song Yuanchao does not want to cause unnecessary trouble by taking too big a move.
In addition, he had no relationship with Chinese Estates, so how much benefit could Song Yuanchao get even if he intervened? Without any preparation, even if he intervened, he might not only offend Liu, but also offend Chinese Estates. Song Yuanchao was not stupid, so he would never do such a thankless thing.
After explaining to Xu Hui, Song Yuanchao hung up the phone.
He smoked a cigarette quietly, then picked up the phone and called Hong Kong again.
This time the call was made to Liu.
Liu didn't seem surprised to hear Song Yuanchao's words. Since he had already taken action against Chinese Estates, he was not afraid that Song Yuanchao would know about it. And based on his understanding of Song Yuanchao, he knew that Song Yuanchao would definitely contact him after hearing the news.
Song Yuanchao did not mention the matter of Chinese Estates on the phone . He just asked with a smile about the acquisition of cinema chains by Luoyang Company and mentioned the names of two of the theaters, hoping that Liu could help with this matter.
Hearing this, Liu Da's heart finally settled down. Although he knew that he would not be able to hide it from Song Yuanchao once he started, and that Shenghua was unlikely to confront him , but because of the previous incident of buying back his own company, Liu Da was still very defensive and cautious towards Song Yuanchao, for fear of any accidents.
Now, Song Yuanchao did not mention Chinese Estates, but instead mentioned two theaters.
Others may not understand this clearly, but Liu Cixin understands it very well.
As the earliest real estate company in Hong Kong, Chinese Estates Holdings owns a large number of properties. The ownership of the two theaters mentioned by Song Yuanchao belongs to Chinese Estates Holdings. Since Song Yuanchao asked Liu Luanxiong to help in this matter, his intention was very clear. He used this method to make an exchange with Liu Luanxiong, or in exchange for a promise.
Liu Da laughed out loud on the other end of the phone and agreed to Song Yuanchao's suggestion very readily. The two then chatted about some meaningless things before ending the call.
Although Shenghua did not directly intervene in Liu's acquisition of Chinese Estates this time, Song Yuanchao had been paying attention to this matter even though he was in Nanjing.
In addition, Shenghua Investment Department is also following up on this matter, and Xu Hui communicates with Song Yuanchao by phone almost every day to report the situation.
Liu was well prepared. Not only did he choose the best time, he also mobilized a large amount of funds. He also used leverage through banks and securities institutions to directly stir up trouble in the stock market, catching Chinese Estates off guard.
Although not many people in Hong Kong were optimistic about Liu at the beginning of the acquisition, after all, Liu's acquisition method of Chinese Estates was very unexpected.
According to the normal acquisition model, the target company will first contact the shareholders of the target company, then obtain a portion of the target company's equity through private negotiations and transactions, and then acquire the target company's shares in the market after owning a certain proportion of the equity , thereby initiating a tender offer...
But this time, Liu did the opposite. He started directly from the stock market. Before he made the investment, Liu did not hold a single share of Chinese Estates Holdings, which was incredible to professionals.
In the eyes of many people, such an acquisition is almost child's play. It is too difficult to directly buy stocks from the stock market and initiate an acquisition. Once Chinese Estates Holdings comes to its senses and launches a counter-acquisition in the stock market, Liu will not only fail to achieve his goal, but may even suffer heavy losses in this acquisition.
But the subsequent developments surprised many people. When Song Yuanchao received the news, Liu had already secretly bought a certain proportion of stocks in the stock market. When the news was disclosed and it was confirmed that the target of Liu's acquisition was Chinese Estates, many professionals shook their heads and thought that Liu was crazy and it was a fantasy that such an acquisition could be successful.
However, unexpectedly, in the nearly ten days since the news was disclosed, Chinese Estates Holdings did not respond at all. Unlike what professionals expected, it did not decisively repurchase stocks in the market to launch a counter-takeover. Instead, it was like a blind man and ignored it completely, continuing to fight internally.
I don't know what they are thinking, especially the Feng and Li families who are major shareholders. Maybe they think that Liu's acquisition is impossible to succeed. Instead, Liu's acquisition is a good opportunity to suppress the other party.
Because of their arrogance and underestimation of the enemy, they gave Liu more time. Half a month later, they suddenly discovered that Liu had actually acquired a certain proportion of shares through stock market acquisitions, and had joined forces with other shareholders of Chinese Estates to attack the Feng and Li families.
Although the Feng family and the Li family are major shareholders of Chinese Estates Holdings, with the shares held by the two families accounting for nearly 35% of the shares of Chinese Estates Holdings, due to the special nature of Chinese Estates Holdings and the long-standing confrontation and competition between the two families, they were defeated one by one by Liu and other shareholders, and were forced to transfer their shares to Liu.
First it was the Feng family, then the Li family. Within just two weeks, Liu obtained their shares through negotiation and threats. In this way, Liu's shares in Chinese Estates Holdings suddenly reached 43%, making him a de facto major shareholder of Chinese Estates Holdings.
In addition, he also acquired 10.7% of the shares of China Entertainment Real Estate from the two companies and became one of the company's important shareholders, transforming from industry to finance and real estate industries in a stunning turnaround.
This time, in the acquisition of Chinese Estates, Liu's performance was extremely outstanding, and it even surprised many professionals.
In addition, Liu's last move of turning back like a lion perfectly demonstrated what it means to be a king's return. Liu's reputation as a "stock market sniper" has become extremely famous, and he has once again become a prominent figure in Hong Kong.
After obtaining the control of Chinese Estates, Liu kept his promise and quickly transferred the two theaters to Luo Yang. This unexpected surprise made Luo Yang very happy. With these two theaters of considerable size, plus the theaters acquired earlier, Luo Yang already controlled nearly ten theaters and began to transform the theater chains of these theaters.
In addition, Liu also took the initiative to propose to cooperate with Luo Yang in the cinema chain through the Chinese Estates Holdings Group's industry, which further strengthened Luo Yang's confidence in entering the film and television industry. Once successful, although Luo Yang's company cannot compare with big companies like Epcot, Shaw Brothers, Golden Harvest, and Golden Princess, it can also be considered to be among the mid-range cinema chains in Hong Kong.
Just a few days before Liu Liu acquired Chinese Estates Holdings, Shenghua was successfully listed in Hong Kong.
On the day of listing, Song Yuanchao did not go to the scene, but Qin Zhengguo and Xu Hui went to ring the bell as representatives.
On that day, Shenghua's stock opened at 7.5 yuan per share. It should be noted that Shenghua's subscription price was 3 yuan per share, the total number of shares issued was 93.4 million, the funds raised were 285 million, and the total market value was 950 million.
Now, the opening price has directly reached 7.5 yuan, and the stock price has surged upwards as soon as it opened. It once rose to 10.23 yuan before starting to fall. By the time of the lunch break, the stock price had fallen back to 9.77 yuan. After the afternoon opening, it continued to decline, and after reaching 8.69 yuan, it turned around and rose again. At the close of the day, it once again broke through the 10 yuan mark, and finally reached a high of 10.02 yuan, causing jubilation.
Calculated based on the current stock price, Shenghua's assets have suddenly reached a figure of nearly 2 billion. It should be noted that this is not all of Shenghua's assets, because only a part of Shenghua is listed.
As a major shareholder of Shenghua, Song Yuanchao has a net worth of nearly 800 million just from the listing of Shenghua Clothing. This is only part of Shenghua and does not include Shenghua's other industries. One can imagine how fast his wealth has skyrocketed.
But these fortunes are only on paper, and it is impossible for Song Yuanchao to cash out all these shares. However, it is a pleasant surprise for others, especially the executives and employees of Shenghua.
Overnight, many of Shenghua's executives became millionaires. Among them, Xu Hui's wealth has exceeded 50 million, not including her proportion of shares in Shenghua Capital and the group.
Even many ordinary employees, even employees of Pengcheng Shenghua, made a lot of money after the stock was listed.
According to the number of 300 shares that each ordinary employee could subscribe, the value of the stocks on hand more than tripled as soon as they were listed. This unexpected fortune made ordinary Shenghua employees extremely happy. You have to know that the employees of Pengcheng Shenghua are ordinary wage earners, and their monthly salary is only about one or two hundred yuan at most. Now, they have earned a year's income in a short period of time, which is simply pie in the sky.
Some people are happy and some regretful. Of course, the ones who regret are the employees who voluntarily gave up the subscription. These employees do not understand stocks and are unwilling to believe the benefits promoted by the company. They just think that holding the money in their hands is the most reassuring. Why buy stocks? What if the money they earned hard after buying stocks is wasted?
Now, seeing their colleagues who bought stocks so excited, these people regret it so much that they want to slap themselves in the face.
