205 The Battle of Hutchison Whampoa (14) - For the sake of the breeze, the rudder is added
"Li Sheng, don't come unharmed. In the HSBC conference room, Xu Zhi greeted Li Jiacheng with a smile.
Li Jiacheng said with a smile: "Xu Sheng, this is why you are not kind, you have become the major shareholder of our Changjiang Industrial, and you don't come to the company to visit, the company's future development, I still want to ask for experience?"
Xu Zhidao: "I like to spend time in my own company, and maybe one day, I will also like to stay at Cheung Kong." ”
Xu and Li exchanged politely, and they didn't look like the two sides who were in the middle of a takeover war.
Shen Bi and Pu Weishi walked in and said, "Two, no matter what happened before, everyone came here today to solve all the problems, and I hope that after going out from here, everyone can develop together regardless of past suspicions." ”
Xu Zhi nodded and said, "No problem, what does Li Sheng think?"
"Yes. Li Jiacheng agreed.
Shen Bi saw that the two of them were very cold, nodded and said: "Both of them are already clear, now the stock prices of Changjiang and Hutchison have problems, and both of them have invested a lot of money in it, for the sake of fairness, I suggest that the two exchange shares with each other according to the market value, and Xu Sheng will take out the shares of the Yangtze River to exchange Li Sheng's Hutchison shares, I don't know what the two of them think?"
Li Jiacheng said: "Yes." ”
"I disagree. Xu Zhi sneered: "After Li Sheng acquired enough Changjiang shares, the stock price has plummeted, and now it is only 7 Hong Kong dollars per share, which is only half of the peak, and Hutchison has a high stock price because the acquisition has not yet ended, and this exchange is not fair." ”
Li Jiacheng said: "Xu Sheng, the market value of Changjiang Industrial should have been like this, it was you who first forcibly raised the price in the stock market, which led to today's situation, and if Xu Sheng's stock price of Hutchison is too high, it can be transferred to me, and I will buy all of them at the current market price." ”
Li Sheng breathed a big sigh. Xu Zhi said with a smile: "The total value of Hutchison shares in my hand is more than 1 billion Hong Kong dollars, can Cheung Kong still eat it now?"
Li Jiacheng said: "Cheung Kong can't eat, I can't eat, Xu Sheng won't think that after leaving HSBC, I Li Jiacheng can't find funds, right?"
Shen Bi interrupted: "Okay, there is no point in saying that these things will not happen, the problem now is to find a suitable way, and the two of you can exit each other's company without losing money!"
Xu Zhi frowned, this is indeed a problem, the Yangtze River shares fell by half after the successful acquisition of Li Jiacheng, once the news of the negotiation between the two of them leaked, it is estimated that Hutchison will also be the same fate, he is unwilling to buy Hutchison shares in the hands of Li Jiacheng at the current high price, and if the stock price plummets, Li Jiacheng will naturally not sell, and the two sides will fall into this vicious circle.
Li Jiacheng said: "I have a way to make the two of us successfully quit!"
"What method?" Xu Zhi asked, although he had won this acquisition battle, it was a good thing to be able to stop the loss now by killing a thousand enemies and losing eight hundred.
Li Jiacheng said: "I can guarantee that my method is effective, but Xu Sheng must promise me one thing!"
Xu Zhi asked, "What's the matter?"
"Xu Sheng currently holds 28 percent of Cheung Kong's shares, and I ask you to reduce your stake to 16 percent," Li said. ”
Xu Zhi smiled: "What, Li Sheng still wants to buy my shares?"
Li Jiacheng said: "Of course not, I already have 49% of the shares, and if I buy it again, I will have to launch a comprehensive takeover bid, I just hope that we will not have any conflicts in the future!"
"It's not okay to reduce my shares, but I can make a promise, as long as the Yangtze River doesn't suffer big losses, I won't increase my shares!" Xu Zhi said after thinking for a while.
Li Jiacheng shook his head and said: "This kind of commitment is still not safe enough for me, if Xu Sheng is really optimistic about my company, it is better to convert the ordinary shares in your hands into preferred shares, but there is no voting right, but the dividend income is exactly the same, I don't know what happens to Xu's business?"
"Preferred shares?" Xu Zhi thought for a while and said, "In this way, I can convert 12% of the shares, and the remaining 16% will remain unchanged, and I will ask for the position of director of Cheung Kong Industrial, but Li Sheng has to promise me another thing." ”
Li Jiacheng asked, "What's the matter?"
Xu Zhi said with a smile: "Don't worry, this is a good thing, I hope Li Sheng can transfer 25% of the shares of Weicheng Company in the hands of Cheung Kong Industrial and the land in Hung Hom in Yingxiao, Jingzhou, to me." ”
"Weicheng Company?" Li Jiacheng understood, and said with a smile: "It seems that Xu Sheng is ready to show his skills in Tianshuiwei?"
Xu Zhi said: "Is it also my business, what does Li Sheng think?"
Li Jiacheng thought for a while and said: "Yes, the land in Hung Hom is not a problem, but with the shares of Tin Shui Wai, I want 180 million Hong Kong dollars." ”
Xu Zhi said with a smile: "150 million, as long as this transaction can be successful, I will promise to convert 12% of the stock into preferred shares." ”
Li Jiacheng's personal capital turnover must have problems, so in the future, he will definitely find a way to sell the shares in his hands, but the second shareholder has malicious intentions, and at the same time owns 28% of the equity, which naturally makes him unable to feel at ease.
The reason why he agreed to him was also for long-term consideration, if Li Jiacheng tried too much effort to protect his controlling stake, I am afraid that he might not be wholeheartedly in terms of operation, and Cheung Kong Industrial's stock would not be able to get the best returns, and the Tin Shui Wai side was extremely important to Evergrande.
"Okay, so be it. Li Jiacheng thought for a while and agreed, and said: "Speaking of Hutchison, the current problem for us is that Xu Sheng is unwilling to buy my shares at a high price, and I am not willing to sell at a low price, so we can let a third party or even more people pay for it." ”
Xu Zhi asked, "What do you mean?"
Li Jiacheng said with a smile: "At present, except for the four of us, no one knows about this meeting, as long as we go back, and then release the news to prepare for another big fight, Hutchison's stock price will inevitably skyrocket, so as long as the process is controlled, I can smoothly get rid of the stock." ”
Xu Zhi sneered: "In this way, Li Sheng, you get rid of it, but it is an ordinary shareholder who is pitted, and I am the one who will be scolded in the future." ”
Li Jiacheng shook his head and said: "Xu Sheng, you are wrong, shareholders refer to the kind of people who hold stocks for a long time, and the real income of shareholders only depends on the company's efficiency, and now the people who follow the trend in the market are speculators or other consortia, they want to use the fight between you and me to obtain huge profits, for this kind of person, there is no sympathy, and they have to use it." ”
Xu Zhidao: "There is some truth, but what good do I have in doing this?"
Li Jiacheng said: "Xu Sheng, you don't need 49% of the shares to control a company, as long as I withdraw from Hutchison, you are the major shareholder, even if only 30% of the shares are enough to control the board of directors."
I am not alone in this proposal, we will do a high stock price together, you and I are secretly shot, slowly selling the yellow stocks in our hands, enough for you and me to cash out a lot of cash, you and I although there are wins and losses in this acquisition war, but we have consumed a lot of money, cheaper a lot of speculators, now it's time to get back what we deserve.
When the cash-out is over and the stock price plummets, Xu Sheng, you can buy my shares at a low price, or use the cash-out money to increase shares with Hutchison Financing, and you and I will both benefit, isn't this the best of both worlds?"
Xu Zhi smiled and nodded and said, "Amazing, this method is indeed very good." ”
Li Jiacheng's words are not wrong, this acquisition war Li Jiacheng has become extremely indebted, but Xu Zhi is not much better, the money earned from oil futures has been invested a lot, if nothing is done, the acquisition war is over, the stock price plummets, and Xu Zhi also loses a lot on the books.
In fact, the battle for Wharf in later generations was the same, Bao Yugang spent 2.1 billion Hong Kong dollars to acquire 20% of Wharf shares, and the next day, the stock price immediately fell from 105 to 74, plus huge interest, Bao Yugang immediately lost 700 million Hong Kong dollars on his books.
Shen Bi couldn't help laughing and said: "Okay, then it's decided today, Xu Sheng, you can make a high-profile announcement to mobilize funds from overseas, and our HSBC will also announce another low-interest loan to Li Sheng, just add to the fire!"