Chapter 981 - Complete Monopoly of the Xiangjiang Electricity Market (4,000 Words)

After arranging for Standard Chartered Bank to acquire Cao Guangbiao's equity.

Xia Yu also arranged for the UK's Bright Fund to prepare for the acquisition of HSBC's 20 percent stake in Cathay Pacific through HSBC Holdings, the parent company of Hong Kong HSBC.

Then he asked Wang Qi to make an effective strategy for the situation of the Song family to pave the way for the subsequent actions.

In the end, Xia Yu personally went to Huo Yingdong and explained his thoughts to him, hoping to acquire 16% of the shares of the Xiangjiang Airport Ground Service Company held by him.

Regarding Xia Yu's request, Huo Yingdong agreed without hesitation.

Xia Yu thought that after entering June, the first good news would be that Standard Chartered Bank successfully won Cao Guangbiao's equity.

But he didn't expect to receive the good news reported by Wang Qi first.

After a long period of public relations and torture from Zhao Bo of China Power Company, the Kadoorie family finally got tired of coping and chose to hold back their hatred and bow their heads.

The Kadoorie family agreed to transfer their 34 percent stake in CLP, but made a request to talk to Xia Yu personally.

And the declared location is 2 Ice House Street, Central, Hong Kong Island - St. George's Building!

This building is a 20-storey Grade A commercial building built by the Kadoorie family in 1968, and is the symbol of the Kadoorie family on Hong Kong Island.

Although he was a little surprised by the Kadoorie family's request, but St. George's Mansion is not a tiger's den in Longtan, Xia Yu asked Wang Qi to reply to the Kadoorie family, and he would arrive on time at nine o'clock tomorrow morning.

......

Early the next morning, Xia Yu took a complete acquisition team and a team of bodyguards and drove to Snow House Street in Central, Hong Kong Island.

Under the guidance of the reception staff who had been waiting for a long time, Xia Yu and the others came to the top floor of the St. George Building.

After the reception staff pushed the door open, Xia Yu saw seven people sitting inside, and the middle one was Kadoorie father and son.

It's just that Lorence Kadoorie was weak, and was helped up by Michael Kadoorie, and did not come to Xia Yu, but nodded to Xia Yu with a calm face.

Xia Yu didn't care, and approached with someone without hurry, and stretched out his hand to Lorence Kadoorie: "Mr. Kadoorie, good morning!"

"Mr. Xia, welcome to you!"

"You may be seated!"

Rorente Kadoorie said with an indifferent expression and lukewarmly.

Xia Yu didn't care about Roland Kadoorie's cold attitude, after all, he knew what he had done to the Kadoorie family in the past, and Roland Kadoorie was so angry that he fainted, and it was good to be so calm at this time.

Xia Yu sat down with a golden sword, and the subordinates who came with him also sat next to him, and the two sides were clearly distinguished.

There was nothing to talk about with Roland Kadoorie, so Xia Yu asked straight to the point: "Mr. Kadoorie, in order not to delay your time, let's start now, how about it?"

Lorence Kadoorie bowed his head slightly and said, "I think so too. “

Xia Yu immediately asked: "I want the equity of China Power Company in your hand, can you make a price?"

Roland Kadoorie looked directly at Xia Yu, and said in a resolute tone: "Thirty-four percent of the equity, as long as you pay 900 million, it is yours, and our Kadoorie family has nothing to do with you." ”

Xia Yu looked straight at Lorence Kadoorie, who did not dodge, his gaze was still so determined.

Xia Yu couldn't help laughing and said: "Mr. Kadoorie, you are a lion's mouth, this price is not realistic at all, you have no sincerity!"

According to Lorence Kadoorie's bid, 34% of the equity is worth 900 million Hong Kong dollars, which means that in his eyes, CLP Power China is worth 2,647 million Hong Kong dollars!

This price is ridiculous!

You must know that the market value of CLP Power was only 1.89 billion Hong Kong dollars at its peak in the past two years, before Xia Yu sniped and acquired CLP Power.

After the acquisition, CLP Power was constantly tossed by Zhao Bo, its assets have been shrinking, internal contradictions are commonplace, and its stock has been listed as junk stocks.

Now CLP Power has a market capitalization of only HK$874 million!

Based on the current market capitalization, the value of the Kadoorie family's stake in CLP Power is only HK$297.16 million!

Roland Kadoorie offered more than three times the actual value!

It is higher than the market value of the entire CLP Power Company!

It's no wonder that Xia Yu laughed at him for not having any sincerity.

"Mr. Kadoorie, if I accept your price, then tomorrow the whole Xiangjiang will laugh at me for being a fool with a lot of money and no place to spend it, do you believe it?"

Xia Yu leaned forward slightly, crossed his hands on the table, and asked.

Before Roland Kadoorie could speak, his son Michael Kadoorie couldn't help it, and directly choked up: "Mr. Xia, everyone understands people, and directly singled out and said, if you hadn't let Zhao Bo maliciously transfer assets and suppress the stock price, would China Power Power Company be kicked out of the Hang Seng Index and become a junk stock now?"

"If CLP Power was a junk stock company, would you still sit in front of me and talk to us?"

"If you don't enter CLP, then according to the normal situation and the overall market trend, the company's market value has definitely reached more than 2.5 billion Hong Kong dollars!"

"If you want to buy our family's stake at the current market value, then I believe there will be a lot of companies in the United States and Europe that are willing to pay more!"

"We promised to withdraw from the transfer of equity, but that doesn't mean we're a bully!"

Four ifs, plus the last sentence, coupled with an angry expression, Michael Kadoorie instantly condensed his momentum.

It's just that Xia Yu doesn't feel the pressure, he knows that Michael Kadoorie is just a paper tiger.

The Kadoorie family could have sold their stake to a foreign company, but someone had to ask for it? They had to really want to!

With the situation of China Power Power Company at this time, foreign companies that do not understand the situation will not pay a high price even if they want to buy it, and if they know the situation, they will hesitate to take this hot yam.

Moreover, if they do sell their stakes to a foreign company, then the Kadoorie family chooses to make the already bad relationship between the two parties even worse.

The Kadoorie family's other assets are basically in Hong Kong, including companies in the fields of real estate, textiles, carpets, and rubber.

With the current prestige of the Jiuding Consortium, if Xia Yu deliberately wants to fight with them, then the future of their Kadoorie family is completely foreseeable, and the Jiuding Consortium can contain the Kadoorie family in an all-round way.

Officially, because of the consideration that "people have to bow their heads under the roof", the Kadoorie family will hold back their hatred and negotiate with Xia Yu, all for the future interests of the family.

Because Xia Yu had this understanding in his heart, he didn't care about Michael Kadoorie's final bluff.

Since the Kadoorie family has shown a gesture of submission, there is no need for him to be cheap and obedient to save some face for them.

I saw him smile lightly and said: "Little Mr. Kadoorie, I never think you are easy to bully, and I don't have this idea, just talk about things." ”

"I didn't say that it would be calculated according to the current market value, but since you think it is inappropriate, then I will give you the Kadoorie family a face, with the current market value, a premium of 40%. ”

After speaking, he looked at the subordinates next to him and said, "How much does it cost?"

The subordinates had already calculated and immediately quoted the result: "The premium is 40 percent, which is 416 million Hong Kong dollars!"

Xia Yu looked at Rorente Kadoorie with a smile again, and said, "Mr. Kadoorie, my price is already very sincere, right?"

"I usually buy companies, and many times they are at a low price or lower, and the highest premium is 20%!"

Michael Kadoorie raised his eyebrows and was about to argue, but was stopped by Rorenz Kadoorie.

I saw Roland Kadoorie looking at Xia Yu sharply and said: "Mr. Xia, the shrinking assets of CLP Power Company have entered the Xiangjiang Electric Light Company, and the Xiangjiang Electric Light Company is your company, you have encroached on our interests, but now you are pretending to be generous, is this too much?"

Although Xia Yu did this, he couldn't admit it.

He shook his head and denied: "Mr. Kadoorie can't talk nonsense, why is CLP Power listed as a junk stock, the reason is that the company's management is chaotic, and the business situation and revenue situation are very bad, why is this happening, isn't it because you are opposed to it on the board of directors for the sake of opposition?"

"Which of the proposals proposed by Zhao Bo to the board of directors is not beneficial to the company?"

Xia Yu's accusation is true, and the outside public opinion is also the same statement, so of course Rorentz Kadoorie will not argue with Xia Yu in this regard, and it is untenable.

So he took a step back, maintained decency with high-sounding words, and made another offer.

"The development of the company is related to all members, and the reason why we oppose it is because the proposal is not reasonable and will bring huge risks to the company. ”

"We need to take responsibility, but it's only a small part, in order to show our family's responsibility, I can take a step back, the price is 100 million Hong Kong dollars lower, only 800 million!"

......

Both sides took a step back, and the price negotiations were finally on track.

Next, not only Xia Yu and Rorenz Kadoorie father and son negotiated, but also negotiators from both sides participated in the negotiations.

After more than an hour of intense negotiations, the prices of the two sides have been extremely close.

Xia Yu's side quoted 600 million Hong Kong dollars, and the Kadoorie family quoted 620 million Hong Kong dollars.

Xia Yu and Lorence Kadoorie looked at each other, and they both fell silent, and the others did not speak.

Everyone present knew that the final decision was in the hands of two people, and they would only bid again, depending on who spoke.

Xia Yu knows that in today's negotiations, the price is not what Rorentz Kadoorie really cares about, and when it comes to more than 600 million Hong Kong dollars, it is enough to get by.

What he cares more about is other things, which is also the key to Rorenz Kadoorie's need for Xia Yu to negotiate personally.

And Xia Yu was prepared before he came.

Based on the performance of the Kadoorie family in the negotiation just now, Xia Yu is willing to give this thing.

In his opinion, among the other assets of the Kadoorie family, there is nothing he needs.

I saw him smile and say: "Mr. Kadoorie, since it has reached this level, then let's take a step back, and I will add another 10 million Hong Kong dollars, 610 million Hong Kong dollars!"

"With the burden of CLP Power and an additional HK$610 million, I believe that with your and Mr. Kadoorie Jr.'s abilities, the Kadoorie family will have a smooth future in other fields. ”

"I think we will still have opportunities for win-win cooperation in the future, and it must be pleasant. “

"What do you think?"

Rorente Kadoorie's eyes narrowed slightly, he glanced at Xia Yu deeply, and a smile appeared on his wrinkled old face, and he said meaningfully: "Mr. Xia's remarks on the capital market have never been missed, and there will definitely be no mistakes in our future prospects, so I will accept your auspicious words." ”

"This will certainly not be wrong, I wish the Kadoorie family a bright future!"

Xia Yu hugged his fists and smiled calmly, his smile also contained deep meaning.

Father and son Lorence and Michael Kadoorie breathed a sigh of relief, and after looking at each other, Lorence Kadoorie instructed his subordinates: "Get the contract ready." ”

After that, the subordinates of both sides got busy together, and soon the complete contract was drawn up, and after confirming that there were no traps, Xia Yu and Rorentz Kadoorie officially signed the contract.

In the end, Xia Yu had an additional transaction contract and equity certificate in front of him.

After Xia Yu motioned to his subordinates to put it away, he got up and stretched out his hand to Roland Kadoorie.

The latter stood up with the help of Michael Kadoorie and stretched out his hand to shake hands with Xia Yu.

"Thank you, Mr. Kadoorie, for your generosity!"

"Wait a minute, I have to trouble you to arrange someone to go to Jiuding Bank with me, and all the money will be transferred to your account in HSBC. ”

Xia Yu said to Lorence Kadoorie with a smile.

"No problem, I'll let Michael come with you later. After Rorente Kadoorie finished speaking, he looked at his son, who immediately nodded.

Considering that it was close to noon, Xia Yu immediately took Michael Kadoorie to Jiuding Bank.

St. George's Building is located in Hong Kong Island Central, 50 meters away is the headquarters of HSBC, and Jiuding Bank is only more than 40 meters away from St. George's Building.

Liu Tianci received Xia Yu's instructions yesterday, so he stayed at the headquarters this morning.

When Xia Yu arrived with Michael Kadoorie, he immediately arranged for personnel to transfer the funds of 610 million Hong Kong dollars into the account designated by Michael Kadoorie.

Then he personally accompanied Michael Kadoorie to HSBC and agreed with Shen Bi on the subsequent transfer procedures of funds.

Of course, Xia Yu doesn't care about these things anymore.

He only knew that after taking over the shares of the Kadoorie family, in addition to the total 3.6 percent of the shares still held by the public, he actually held 96.4 percent of the shares of CLP Power China.

Coupled with the Heung Kong Electric Light Company, which has been wholly acquired, he has completely monopolized the power market in Heung Kong and has become a veritable king of electricity!

In the afternoon of the same day, Zhao Bo, president of CLP Power, officially submitted an application for delisting from the oldest Hong Kong Stock Exchange.

Despite the repeated persuasion of the shocked chairman of the board of directors of the Xiangjiang Stock Exchange, in the face of Zhao Bo's resolute attitude and ultra-high shareholding ratio, he could only sigh and sign and approve the agreement.

The exchange suspended the trading of CLP Power Corporation's shares in the afternoon and issued an explanatory announcement, which shocked the exchange and shocked the whole Hong Kong, and then the impact spread to Southeast Asia at a rapid pace......

PS: The purchase price of 610 million is actually speaking, the Kadoorie family has already suffered a loss, and the market value of China Power Power Company was about 1.89 billion before it fell, and Xia Yu's previous acquisitions were at least 20% premium.

Xia Yu has another title of "King of Electricity" on his head, don't you vote to congratulate him?