Hong Kong Central, Prince Building, Global Shipping Headquarters.

Bao Yugang met Zhang Yuliang, who came to visit.

"Bao Sheng, yesterday's announcement on the acquisition of Wheelock shares by Hutchison must have known about it, right?" Zhang Yuliang came up and went straight to the point, at this time it was already lively outside, and it was possible to lose a lot if it was a step late.

"Of course I do. Bao Yugang naturally guessed that Zhang Yuliang was looking for him for this matter.

Zhang Yuliang said: "Bao Sheng, I know that you have a good personal relationship with Xu Sheng, so I hope Bao Sheng can bring me a word." ”

Bao Yugang frowned, but quickly returned to normal, and said, "What words?"

"I hope that Hutchison can abandon the plan to buy Wheelock, and as long as Xu Sheng is willing, I can buy Hutchison's shares in Hutchison's hands at a higher price!" Zhang Yuliang said tentatively.

"I can't help with that. Bao Yugang directly vetoed: "Zhang Sheng, we have known each other for so many years, I might as well tell you that the relationship between me and Xu Zhi is indeed okay, but we have never participated in each other's business investments."

And what you said about high-priced recycling is a joke, is it a joke that Huang is short of money or Xu Zhi is short of money? Will you care about this? If Xu Zhi also says that he will buy your shares at a higher price, will you agree?"

Zhang Yuliang suddenly smiled: "If the price is okay, it's not negotiable!"

"You ......" Bao Yugang shook his head and smiled, and also understood: "It turns out that you want to sell the stock in your hand at a good price for this purpose, but you don't want to go directly to Xu Zhi, because in that case, you will be at a disadvantage in the price negotiation, so I hope I can pull the strings from it, because of my relationship, Xu Zhi will definitely not be able to suppress the price too hard." ”

"Bao Sheng is really smart enough, I do have this kind of thought. Zhang Yuliang smiled: "However, if I say that I can transfer the shares in my hand to you, what do you think?"

"Transfer the stock to me?" Bao Yugang was surprised.

Zhang Yuliang nodded and said: "Yes, Wheelock's business structure is highly complementary to Global International and Wharf, otherwise, Bao Sheng wouldn't have been secretly acquiring Wheelock's shares all these years, right?"

"You know a lot. Bao Yugang chuckled softly.

"Bao Sheng, over the years you have not been to Wheelock because of George Madden's relationship, we Chinese pay attention to righteousness, I understand your thoughts, but also missed the best time to expand, now John Madden has sold all the shares in his hands, your worries have disappeared, and our Zhang family has 25% of the voting rights, plus the shares in your hands, it is enough for you to control the entire Wheelock. ”

It turned out that in the early 50s, when Bao Yugang was just starting a business, Wheelock was already one of the giants of the shipping industry at that time, and the global shipping was just in the stage of development, Wheelock was a great help to Bao Yugang in that year, from the 50s to the 60s, the two sides cooperated many times, and the global shipping industry was able to expand rapidly, and Wheelock's help was also extremely important.

As early as last year, when Wheelock's financial reports were losing money continuously, some analysts in the market concluded that Wharf was very likely to take the opportunity to acquire Wheelock, because the two businesses were similar, and the acquisition of Wheelock could make up for some shortcomings in Wharf's business, and the Bao family had been recuperating since the acquisition of Wharf for several years, and the global shipping crisis had not affected the wealth of the Bao family at all.

Bao Yugang also has this plan, but because of his deep relationship with the Madden family, he has not done anything, but is secretly absorbing some shares of Wheelock.

"You're right, once you sell my shares, I will immediately own more than 34% of Wharf, approaching the tipping point where a general takeover offer will be triggered. Bao Yugang said: "If the other party is an ordinary person, I am naturally not afraid, but you should also know Hutchison's financial resources, if Hutchison also continues to acquire, it is necessary to forcibly trigger a comprehensive acquisition offer, and then it will become a real hard encounter, this kind of meaningless thing, I don't want to participate." ”

Zhang Yuliang shook his head and smiled: "Bao Sheng, we now have close to 35% of the equity, and Hutchison is only 13.5% now, no matter how rich they are, it will take time to acquire 35%, and during this time, we can also fight to increase the stake to 50%, so that even if Hutchison acquires 35% of Wheelock shares, it will not be able to return to the sky." ”

According to Hong Kong law, a general offer will be triggered if the acquirer reaches 35% of the shares, but this is not mandatory for all shareholders, which means that shareholders can refuse the offer.

And if the two parties reach 35% of the share at the same time, trigger the acquisition offer at the same time, and do not agree to sell the shares in their hands to the other party, it will form a dilemma, and the acquisition of both parties will fail, and no one can help the other.

After that, according to the proportion, whoever has more shares, the company has the final say, and once one party controls 50%, the other party naturally cannot get more equity.

Bao Yugang smiled: "Your idea is good, but you forgot a little, maybe I can control Wheelock by doing this, but like Huang, I can get 2 board seats and a veto, which will not benefit Wheelock's operation."

And if I do this, I will still have conflicts with Xu Zhi, it will not be worth it!"

"Bao Sheng's worries, I know very well. Zhang Yuliang said: "We don't actually need to do this, but put on this kind of shelf, pull He Huang to the negotiation table, and everyone takes what they need, isn't it better?"

"What you said is feasible, but, Zhang Sheng, what is the purpose of your doing?" Bao Yugang looked directly at Zhang Yuliang and asked: "What price can I offer, I want to be the same as Huang!"

A year ago, Hutchison returned to Hong Kong with a shocking profit of more than 10 billion Hong Kong dollars, which shocked all the rich people in Hong Kong.

"Bao Sheng probably doesn't believe it when he says it, I'm just unwilling!" Zhang Yuliang shook his head with a smile and said.

Bao Yugang nodded: "It's so unwilling, although I don't think it's meaningful, I still respect your ideas, but I don't want to get involved." ”

"Bao Sheng, Xu Zhi's expansion in Xiangjiang over the years has surpassed anyone else in history, and the Whampoa Plaza he built in Hung Hom has a business model of Harbour City, which is a subsidiary of Wharf that he learned, once it is really successful, I am afraid it will also affect Wharf!" Zhang Yuliang said thoughtfully.

Bao Yugang shook his head and smiled: "You don't have to stimulate me, there are so many shopping malls in Xiangjiang, all of them are competitors of Harbour City, besides, Harbour City is in Kowloon, Whampoa Square is in Hung Hom, the distance between them is more than 5 kilometers, if even this is considered a competition, then Harbour City will be too much of a failure!"

"Okay, then let's talk about Willeuck, Bao Sheng, although I will be far less than the former Jardine, Hutchison and Swire, but there are so many high-quality assets in it, you should know very well that these are just icing on the cake for the current Hutchison, but for Wharf, it is of great significance, right?"

Bao Yugang frowned, saying that it was not right Wheelock was impressed, that was fake, the current Xiangjiang, even if it has just gone through two years of real estate crisis, but most of the high-quality land is still difficult to obtain, just like Xu Zhi is rich, he can only control many Central buildings through the acquisition of land.

The remaining two oceanic firms, Swire is a family business, with a controlling stake of more than 50%, and outsiders have no chance to start, leaving the only one Wheelock, although the current economic difficulties, as long as they survive the current financial problems, then they will soon be able to make huge returns in the future.

It's just that I'm really involved, and this business is really not easy to do.

"At what price are you going to sell Wheelock shares?" Bao Yugang thought for a while, and finally decided to buy it first, and then said, in the end, it really didn't work, and it was okay to sell it to Hutchison at a high price, and it was okay to make a profit margin.

......

PS: This book is coming to an end, what you like and what you don't like can come to an end!