441 General meetings of shareholders(6)

"Do you have any advice?" asked Xu Zhi with a smile.

Simon Keswick said calmly: "There is something I want to talk to Xu Sheng about alone!"

"Yes!" Xu Zhi nodded in agreement.

Niu Bijian next to him also said, "Xu Sheng, I think we should also talk about it?"

"You?" Xu Zhi smiled and said, "You're not qualified!"

"You ......" Niu Bijian's face immediately changed.

"I gave you a chance, but you gave it up yourself. Xu Zhi didn't say anything more, and said to Simon Keswick: "Please!"

From the beginning of the decision to acquire Hongkong Land, Xu Zhi did not plan to fully privatize the entire Hongkong Land, after all, with only 1/3 of the capital, control the largest real estate company in Xiangjiang, isn't it fragrant?

Many people may think that a wholly-owned holding company can get all the benefits, but in fact it is enough to obtain a controlling stake in a listed company, although many shareholders control the shares, and theoretically part of the company's income is theirs.

But this is just a theory, as long as there are no dividends, then all the money in the company's account belongs to the person who owns the controlling stake.

And there is another advantage of listed companies, that is, they are their own bankers, although there are legal restrictions not to manipulate stock prices at will, but even the country's core taxes have a way to avoid, and there are many ways to legally manipulate stock prices to make profits.

Looking at the world's top 500 companies, there are several real non-listed companies, which can be listed, which naturally has unparalleled benefits and attractiveness.

If Niu Bijian cooperates, then Xu Zhi only needs to spend another ten or two billion Hong Kong dollars, Xu Zhi can obtain 34.9% of Hongkong Land's shares, and at the same time, he will also drive out the Keswick family, and finally control the entire Hongkong Land and even Jardine Matheson. After the matter is completed, Xu Zhi will also hand over Jardine and Land to the management of Niubijian and Bao Fuda in accordance with the agreement.

It's a pity that Niu Bijian's ambition is too big, and the head of the Jardine Department can't satisfy him, he wants to really control the entire Jardine Department, instead of being a wage earner without the final decision-making power like Ma Shimin.

For people who don't know what to do, Xu Zhi is too lazy to waste time with him, in the final analysis, no matter how good this Niu Bijian's ability is, he is just a senior worker, in some Western companies, the kind of capital is dispersed or the investor does not care about it, it can still be mixed very well, but this is Xiangjiang, the Chinese attach great importance to the issue of equity, and play balance before the two major shareholders, this is looking for death.

Now, Xu Zhi has to launch a comprehensive takeover offer, in this case, it is enough to throw money, any conspiracy is useless, and Niu Bijian naturally has no use value.

Simon Keswick was also quite happy about Niu Bijian's deflatedness, and went to the presidential suite on the highest floor of the hotel with Xu Zhi with a smile.

After they both sat down, the waiter served tea.

Niu Bijian took a sip and said, "The tea leaves in this Xiangjiang are much better than those in the UK." ”

Xu Zhi smiled and said, "If Mr. Keswick likes it, you can bring more back to the UK, or I will arrange for someone to send some to the UK every year in the future." ”

"I prefer Hong Kong to the UK. Simon Keswick said: "Xu Sheng, we are sitting here today, you and I both know each other's purpose in our hearts, so I will say it bluntly: How can you give up the acquisition of land?

"My request is land, it's as simple as that. Xu Zhi shrugged and said.

Simon Keswick frowned, and asked again: "Xu Sheng, if you fancy the buildings under the Central Land, I can make the decision, as long as Xu Sheng gives up the acquisition conditions, any building owned by the Central of the Land can be chosen by Xu Sheng!"

"Mr. Keswick, why did I choose to get a part of it when I was able to get it all!" Xu Zhi laughed teasingly.

Simon Keswick said: "I am looking for a peaceful solution, I believe Xu Sheng does not want you and me to have another Wharf acquisition war in the stock market, right?"

Wharf acquisition war, although Jardine Matheson eventually lost, but Bao Yugang was not much better, paid too much money, although it is still worth it in the long run, but in the short term, the Bao family is also a big loss.

Hongkong Land is much larger than Wharf, and if a situation similar to the Wharf takeover war arises, then there will be no winner for either side.

"Mr. Keswick, we Chinese have a saying that those who know the times are Junjie, you can indeed enter the market and compete with me, so that even if I win in the end, I will pay a greater price.

However, the current Jardine Land is still in a state of mutual control, once I obtain the land, the entire Jardine Matheson will also be mine, and the extra cost can be recovered from the Jardine Matheson Group. Xu Zhi unceremoniously threatened.

The Jardine Matheson Group, which originated in the mid-19th century from the notorious East India Company, had a branch controlled by the Keswick family, and later established itself in Xiangjiang and spread throughout the mainland.

As early as the beginning of the 20th century, the Keswick family is already one of the well-known wealthy families in Asia, a hundred years later, the assets have spread all over the world, although not comparable to some of the emerging super-rich, but the heritage is profound, if you are really ruthless, you do have the ability to fight with Xu Zhi in the Xiangjiang stock market, even if you lose, you can make the opponent spend a lot of money.

Simon Keswick said: "Jardine and Hongkong Land are the core assets of our family, and this war was provoked by you Xu Sheng first. ”

"There are only victories and defeats in wars, and it doesn't matter who provokes them. Xu Zhidao: "If you Keswick family want to keep Jardine Land, you must launch a full privatization takeover bid like me, and even if I no longer interfere, it will require tens of billions of Hong Kong dollars."

Such a large debt, Mr. Keswick, are you sure your family can afford it?"

In order to protect British-funded enterprises, the British government in Hong Kong deliberately changed the trigger condition for a general takeover offer from 50% to 35%, while the acquiree can hold more than 35% of the shares, up to 45%, so that unless the acquirer triggers the general takeover offer, it is impossible for the acquisition to succeed.

This is a good approach, because the ultimate goal of most of Heungjiang's acquisitions is a controlling stake, not a full acquisition. But no matter how powerful the thief defense system is, it is useless to encounter tough robbers.

When the acquirer presses others with money and issues a general takeover offer, the new rules are beneficial to the acquirer, because the acquiree cannot increase its own shares at will, otherwise it will also trigger the general takeover offer (the majority shareholder of the original company can increase the shareholding to 45%, but there is a very strict time limit).

Simon Keswick frowned and fell silent, he returned to Xiangjiang in order to regain control of the Jardine family and save them, he thought that the enemy was just Niu Bijian, but unexpectedly attracted the sniper of the richest Chinese in Xiangjiang.

The assets of the Keswick family are indeed abundant, but they all exist in the form of fixed assets, stocks and bonds, and it is okay to adjust hundreds of millions of dollars in cash, but tens of billions? I am afraid that it is possible to dispose of most of them, and more importantly, it is too late in terms of time. Even if it is a loan, if you look at the world, there is no bank that will lend tens of billions of Hong Kong dollars in a matter of days.

Xu Zhi continued: "Haven't you Keswick family always been worried about the north, isn't it better for me to give you this opportunity to leave completely?"