Volume 4: The World of Great Conflict Chapter 0450 Acquisition in Progress
Nan Yi shook his head and hung up the phone. After receiving the news that Zhao Shixian had successfully bought 110,000 shares, he and Ueto Masami went to the guest room in the castle to rest.
Catherine was sleeping comfortably at this time, so Nan Yi didn't bother her.
Changsheng Fund, a fund that was established not long ago, has no reputation among the citizens of Hong Kong and can be said to be still unknown.
But we cannot ignore it because its boss behind the scenes is Li Tongban.
In 1977, Hutchison Whampoa and Whampoa merged to form Hutchison Whampoa. Although Hutchison Whampoa controlled more than 300 companies, the newly formed Hutchison Whampoa still remained loss-making.
A company that was making losses on one hand but had many high-quality assets on the other hand would naturally attract the covetousness of Hong Kong Chinese capital, and Li Tongban, who had already risen at that time, was naturally among them.
From that time on, Li Tongban started thinking about it. He never fought a battle without confidence. If he wanted to carry out an acquisition, he must first have a very capable acquisition team. In addition, the stock market crash had just happened at that time, which was very suitable for bottom fishing. So he set up a fund management company - Tongban Fund.
The gap between Cheung Kong Holdings and Hutchison Whampoa is too big. Cheung Kong Holdings' assets are only one-tenth of Hutchison Whampoa's. If it directly acquires Hutchison Whampoa, it will be too blatant and easily arouse Hutchison Whampoa's hostility, and there will also be other negative effects.
With the copper coin fund as a cover, things will be much easier.
After dealing with Hutchison Whampoa, the Copper Plate Fund was naturally exposed, so it went into dormancy and rumors about this fund were rarely heard.
Li Tongban later set up several funds, Changsheng Fund was one of them.
This operation of adding a layer of shell is similar to what Nan Yi did, but Nan Yi did it more thoroughly and hid himself deeper.
It's not that Li Tongban can't hide it, but he can't hide it because he needs to grasp some intangible things, he needs to be vague, let those who need to know know that these funds are his, and be ambiguous in front of those who don't need to know, neither admitting nor denying.
For example, the value of Cannes Yingni is unlikely to be known only by Li Tongban. It holds hundreds of thousands of square meters of land in Hung Hom, which is publicly disclosed information.
Not to mention the rich, even ordinary citizens of Hong Kong can find out.
But why is it that Li Tongban is the only one in Xiangkeng who is eyeing it, while other wealthy people turn a blind eye to it?
This is because most of the wealth of Hong Kong's wealthy comes from real estate. It can be said that the top wealthy people are all business competitors, but they do not fight each other to the death. Instead, they sit down and discuss things properly when encountering problems.
Compromise with each other, limit the struggle to a certain scope, do not expand it, and divide the real estate cake of Xiangkeng amicably. There are millions of leeks, and everyone can line up to share the fruits and still eat their fill.
I didn't kill your father, and you didn't seduced my wife. We are all farmers harvesting leeks. There is no fundamental conflict of interest. We meet at the beginning of every year to agree on who will harvest which field and when.
The rules have been made, and as long as everyone stays within the boundaries, everyone will make a fortune by the end of the year.
If you observe carefully, you will find that there will never be sky-high prices in the land auctions of the government. The prices will be controlled within a certain range, which will neither embarrass the government nor make bidders sell their belongings.
Whenever sky-high prices appear, it means that a troublemaker has appeared, and other real estate developers will tacitly unite to deal with this troublemaker.
The same is true for the launch of real estate projects. Several large real estate developers will not launch them together, so there will be a time difference. Especially for real estate projects with serious homogeneity, the time difference will be even greater.
It is clear from this that Cannes Yingni is Li Tongban's target, and other Hong Kong tycoons will not jump out to disrupt the situation.
It is also because of this that Li Tongban’s fund can only be kept secret, which is why people from Nan Yi can easily find out that Li Tongban is the boss behind the Changsheng Fund.
As for secrets, once second person knows them, the third and fourth will soon follow.
Li Tongban has a long-term vision. As he comes from a watch repair background, he knows that a watch contains many spare parts. He has to disassemble and reassemble a watch. Since the spare parts are very small, he needs to use tweezers throughout the process. Without enough patience, he cannot do this job.
Therefore, Li Tongban was very patient, and he treated Kangcheng Yingni just like installing a watch, slowly, bit by bit, to get it at the lowest cost.
When Qilin Company jumped out, he didn't take it seriously. He just thought it was a profiteer. But when PY Securities jumped out and made such a big move, he knew that things were not that simple.
In one morning, Zhao Shixian bought 110,000 shares and pushed up the stock price to 5.6 yuan. This disrupted Li Tongban's plan. He wanted to talk to the person behind the scenes to find out what the other party was planning.
…
Nan Yi slept until eleven o'clock, then got up and ran a few kilometers on Catherine's treadmill. He immediately became energetic.
After eating the breakfast prepared by the maid, Nan Yi sat in the study and read a book.
Today and tomorrow, Nan Yi will not go to Longmenzhen to leave some room for people in the store to make mistakes. He wants to see if the store can operate normally without him, and he also wants to see if there is anyone he has misjudged.
Catherine arrived in Hong Kong at midnight on June 7th, Hong Kong time. People from the Information Policy Committee met her at the airport and accommodated her in the Mandarin Oriental Hotel.
After resting until nine o'clock, Catherine went to keep her appointment with Chavick Butt. Before flying to Hong Kong, she had already contacted Chavick and agreed on a meeting time.
There was no fighting or open or secret struggle between Catherine and Chadwick.
Fortunately, although the Hong Kong issue was still under negotiation, the Butt family had connections in Downing Street, and Chadwick had heard about the attitude of the British cabinet towards Hong Kong. In fact, he had already planned to sell his assets in Hong Kong and return to London, but everything had not yet started.
Catherine's arrival is good news for Chadwick. For Chadwick, who is still basking in the "British Empire" and unwilling to wake up, it is difficult for him to accept selling his Hong Kong assets to Chinese businessmen at a "fair price".
Catherine, a noble from the Eagle Country, was a fellow countryman who made Chawik tear up when he met her. She was also willing to pay a "premium", which made the negotiation easier.
As soon as the two parties met, Catherine explained her purpose. Chadwick had already made up his mind to sell. The two parties spent more time bargaining and finally agreed on a 25% premium based on yesterday's closing price of HK$5.6.
This was just a private agreement. If you want to transfer the shares, you need the consent of other shareholders, especially Jardine Matheson. If Jardine Matheson does not agree, the deal will never be done.
"The Bute family is easy to deal with, but the Swire Group is difficult." Nan Yi sighed after receiving the news that Catherine had dealt with the Bute family.
The four major trading companies in Hong Kong are Swire, Jardine Matheson, Hutchison and Wheelock. Among them, Hutchison has become a sister company with Whampoa and has long been serving Li Tongban together.
As early as the 1960s, the Bao family had ambushed and bitten off two pieces of fat meat from Wheelock and Fook Wah. When the Bao family came ashore , they held Wheelock and Fook Wah in their mouths, waiting to slowly swallow it down, and it would not take long for them to eat it all up.
As for Jardine Matheson, it was looking for a way out in its early years. It made attacks everywhere and invested in and established branches in many countries. However, it was unlucky and most of these companies were making losses, which seriously damaged Jardine Matheson.
This also made Jardine Matheson a target. Whoever needed good news would shout, "Hey leeks, I'm going to work for Jardine Matheson, cheer me on." As long as they worked for Jardine Matheson and achieved some small results, the company's stock price would rise rapidly, and it worked every time.
Only Swire is taking a steady and cautious approach and doing things very carefully. The bank has sufficient cash flow and has always operated with low debt, with a debt ratio not exceeding 20%. The valuations of others are just theoretical values, and it is hard to say how much money they have in their accounts, but Swire can take out at least 40% of its valuation in cash from its accounts.
It shows no signs of withdrawing from Hong Kong and is developing in a low-key manner. As such a large trading company, you usually don't hear much news about it, whether it is positive or negative.
"President, it shouldn't be too difficult. It's nothing more than raising the premium. I believe that if the purchase price is raised to 150%, the Shi Huaiya family should be tempted."
"A 50% premium may not satisfy them, so be prepared for a 100% premium."
Nan Yi has no good solution for Swire, and some despicable methods are not acceptable. Companies with high cash flow are not so easy to mess with. If Nan Yi really wants to go against them, it is more likely that it will suffer losses.
Fortunately, Nan Yi analyzed the information of Swire and found that Swire did not engage in large-scale land hoarding operations. Perhaps the high premium could allow the Shi Huaiya family to sell its shares in Cannes Yingni.
It's okay if she really doesn't take any action, as long as she doesn't interfere and allows Catherine to successfully obtain the Butt family 's shares.
"100% means we will have to pay an additional 15 million Hong Kong dollars. Even the Shi Huaiya family may not care about this amount."
"I know. Let's wait and see. Everything is limited to the scope of business operations. It's almost time for today. Go to bed early. There's no need to wait for news." Nan Yi said as he organized the documents on the table and turned off the desk lamp.
