Li Zhaoji's pupils shrank, he was silent, and the situation about the China Gas Company quickly appeared in his mind.

Among his assets is an equity interest in the China Gas Company, but not in Henderson Land, but in Wing Tai Development Company Limited.

He founded Henderson Land, which went public in June this year, but Wing Tai Construction was founded by him and Hu Baoxing after he left Sun Hung Kai at the end of 1972.

Although he has been the largest shareholder and chairman of Yongtai Jianye after many share expansions, he still has not completely acquired Yongtai Jianye.

It's not that he doesn't want to completely acquire Yongtai Jianye, but that he doesn't have enough funds for the time being, and partner Hu Baoxing is still resistant.

But now, it seems that there is a good opportunity in front of us......

Although he also has ideas about China Gas Company, but now Xia Yu has come to the door, with Xia Yu's style of acting, the preliminary preparation is definitely not bad, Yongtai Jianye's shareholding ratio may not be able to occupy an advantage, and his funds are even less than Xia Yu, the result of the hard encounter will definitely be a mess, and it will delay him in today's once-in-a-lifetime opportunity to make a bottom and grow.

It's better to stop in time and cut off the thoughts of China Gas.

Moreover, if the equity of China Gas Company is stripped and sold, according to his shareholding ratio, he can get a large share, and then he will start to acquire Yongtai Construction Company.

Anyway, now that they are ready to buy the land and property, the assets of others are definitely not as important as the company they have built themselves.

And he does have some shortfalls in funding.

Xia Yu, who has a lot of money, has his eyes on China Gas Company, and he will definitely not win the battle, so he will focus on real estate and property......

Xia Yu drank tea tightly and waited patiently, he had already analyzed it before he came, with Li Zhaoji's current situation and his style of dealing with the world, he would not hold on to the equity of China Gas Company, and the key point was that the money should be in place.

Really.

After Li Zhaoji finished thinking, he took a sip of tea and said with a smile: "Mr. Xia, Yongtai Construction Company owns 26.4% of the equity of China Gas Company, and we are also old friends. ”

"But you also know that Yongtai Construction Company is not my own, it was co-founded by me and Hu Baoxing, and I can persuade him to agree to sell the shares, but in terms of this price, I have to say it. ”

Xia Yu nodded and said: "This is as it should be, there must be a reasonable price acceptable to both parties to do business." ”

"Well, you might as well hear me about my opinion and the price first. ”

Li Zhaoji smiled, made a gesture of please, and looked at Xia Yu quietly.

Xia Yu took a sip of tea, cleared his throat, and said slowly: "When the market closed this morning, the total market value of China Gas Company was more than 1.369 billion Hong Kong dollars, and it was still falling after the market opened in the afternoon, so even if it was based on 1.37 billion Hong Kong dollars. ”

"On this base, I will acquire the equity held in your company at a premium of 30%. ”

"Mr. Li, what do you think?"

Based on HK$1,370 million, the equity value of 26.4% is HK$361.68 million.

Another 30% premium is more than 470 million Hong Kong dollars!

Li Zhaoji quickly calculated in his heart and came up with a number.

This figure is undoubtedly much lower than before the stock market crash.

He remembers very well that before the battle between the Jiuding Consortium and the Swire Consortium, the peak market value of China Gas Company was HK$3.2 billion, and the paper value of his equity was more than HK$840 million.

Now it's a big cut!

Li Zhaoji smacked his lips, pondered for a moment, and said with a look of embarrassment: "Mr. Xia, whether this price is too low, not to mention the market value of the Hang Seng Index after 1,800 points, before that, others want to buy my equity, and there is no need to talk about it without 1.2 billion Hong Kong dollars." ”

Xia Yu knew that Li Zhaoji would not understand to the end, and said that this matter was nothing more than trying to raise the price.

But Xia Yu can't really agree with him, the difference in amount between them is huge, he is here to buy the bottom, not to be the wrongdoer.

Therefore, Xia Yu bluntly retorted: "Mr. Li, you can't say that, before it was before, we have to speak based on facts, no matter how high the market value of China Gas Company was, now the situation is different." ”

"When the stock market crash came, no one knew what the future would be, and it took six or seven years for the stock market crash in 1973 to recover, and even if the stock market crash was less, it would take five years. ”

"If I had bought the stake at the previous high price, I would have to wait five years before the share price would have risen back to the same level as before, and the value of the stake would be the same as the capital I had invested. ”

"However, according to the current bank borrowing interest, taking the loan interest rate of 16 percent of the median value, the interest of 1.2 billion Hong Kong dollars in five years will be more than 960 million Hong Kong dollars, and I may not be able to recover the capital in 10 years. ”

"And the money in five years can't be compared to the money now. ”

"If you were to buy equity and assets from someone else, would you do it at the current price or at the previous price?"

Li Zhaoji snorted, didn't feel embarrassed, and defended himself with a smile: "Mr. Xia, I didn't mean that I wanted to follow the previous high price, just to make a price comparison." ”

"You have said so much, and I also have a point of view, after all, Towngas is different from other companies, it is the only gas production, transmission and supplier in Hong Kong, and it is also the only Hong Kong central pipeline gas supplier, which has an irreplaceable monopoly. ”

"Although the stock market crash has caused many assets to depreciate, the price of gas used by residents will not change, so the profitability of China Gas will not decline much. ”

"The price of 30% premium is indeed lower, I think 80% is more pertinent, and Hu Baoxing will not have any opinions on price. ”

Xia Yu immediately retorted: "Mr. Li, it is true that you talked about the monopoly of China Gas, but it is precisely because of its monopoly that as a public utility company, it is also the company with the highest P/E ratio in that field, which is much higher than the P/E ratio of public utility companies such as China Power Power Company and Kowloon Bus Company that I acquired before, which I know very well." ”

"Even now that the stock price has fallen, the price-to-earnings ratio of China Gas is at the current high level. ”

"As for the profit you mentioned, it will definitely drop sharply, there are not a few companies that have collapsed in the stock market crash, and the gas consumption of the company will be greatly reduced......

"Eighty percent of the premium is too outrageous, but since you have spoken, I will not return or give you face, so let's add five points to the premium. ”

......

Although Xia Yu and Li Zhaoji were negotiating, both of them were very restrained and took care of the atmosphere to avoid hurting the harmony.

If you feel that what the other party said makes sense, then consciously take a step back.

In the end, Xia Yu was slightly better and set the price at a premium of 50 percent, Li Zhaoji couldn't say anything.

"Mr. Xia, your eloquence is so good, I have appreciated it today, and I have to admire it. ”

Li Zhaoji said with a wry smile, and added tea to Xia Yu as he spoke.

Xia Yu smiled slightly, and said humbly: "It's too famous, it's just that Mr. Li, you don't want to fight with me too much." ”

Li Zhaoji shook his head with a smile and said, "Mr. Xia is too modest. ”

After laughing, Li Zhaoji restrained his smile and said to Xia Yu: "Mr. Xia, I personally have no opinion on the premium of 50%, but I have to ask Hu Baoxing tonight to see what his attitude is, and I will give you an answer early tomorrow morning, what do you think?"

Xia Yu smiled and nodded: "No problem, then I'll wait for your good news." ”

Li Zhaoji joked: "I'm not sure if it's good news." ”

"Haha......"

......

After sitting for a while, Xia Yu said goodbye and left with peace of mind.

He was not worried at all that Hu Baoxing would not agree, and with Li Zhaoji's shareholding ratio and status in Yongtai Jianye, saying that he would ask Hu Baoxing's opinion during the negotiations just now was nothing more than a pretext to leave room for negotiation.

If Li Zhaoji really didn't have the right to decide, he wouldn't talk to him about a 50 percent premium alone.

He just needs to prepare the funds and the lawyer to prepare to sign tomorrow.

In fact, as Xia Yu expected, after going to work the next day, he received a call from Li Zhaoji, talking about the process of "persuading Hu Baoxing", and then asked him when he would sign the contract.

The equity is in the pocket, so Xia Yu immediately told him to come over immediately.

After hanging up the phone, he took the good people to Henderson Development Company and signed an acquisition contract with Li Zhaoji.

At 9:32 a.m., the contract was signed, and the purchase price was 542.52 million Hong Kong dollars, and the funds needed to be transferred to Yongtai Jianye's account in Jiuding Bank within three days before the contract would officially take effect.

Xia Yu didn't let Li Zhaoji wait, and after leaving, he asked Liu Tianci to make a payment, and transferred the money to the account of Yongtai Construction Company before ten o'clock, and notified Li Zhaoji.

In the next two days, Xia Yu successively visited Li Mingze of the Li family and Li Fushu, chairman of the Bank of East Asia, and acquired 16.5 percent and 5.1 percent of the shares at a premium of 35 percent and 25 percent respectively, spending a total of more than 386 million Hong Kong dollars.

In addition to the total 12.8% equity purchased by Jiuding Securities Company during the investment in the past two years, the original 11.2% equity interest of Hang Lung Bank, which was acquired by Jiuding Bank, and the 6.4% equity held by Standard Chartered Bank.

Xia Yu holds a total of 78.4% of the shares of China Gas.

Then Xia Yu gathered all these shares and hung them under Jiuding Energy Group.

In the midst of heated discussions, the first thing Jiuding Energy Group did after taking over China Gas Company was to apply to the exchange for delisting and privatization.

Following the electricity, the gas market was monopolized by the Jiuding consortium, and those who did good things privately gave Xia Yu another domineering title - the king of Xiangjiang energy.

The China Gas Company became the first company to take the initiative to apply for privatization before the stock market crash ended, and many bigwigs with funds in their hands seemed to hear the clarion call to charge and took action one after another.

PS: Ask for a recommended ticket monthly pass.,There will be another one more tonight.,It's just going to be late.,Don't wait.,Let's see it tomorrow.。