198 Battle for Hutchison Whampoa (7)
Since Cheung Kong raised the purchase amount of Hutchison shares to HK$11, Evergrande Group has not moved, and shareholders have waited for a few days before rushing to Cheung Kong to sell their shares.
In the first few days, Cheung Kong still did not refuse to come, but a week later, with the increase of Hutchison shares in his hands, Cheung Kong's funds seemed to be unable to withstand such a high price, and announced that it would temporarily suspend the acquisition.
At the same time, the news of the increasingly fierce competition between the two parties above the board of directors of Hutchison has come, and many newspapers have publicized that Hutchison Whampoa is already not doing well, and now it has encountered two parties seizing power, and it will have a bad relationship with the big creditor HSBC, and the future is worrying.
Several negative news came, and Hutchison's share price has been in a state of decline since entering October, and finally stopped at about HK$8 a share.
In the Xiangjiang Stock Exchange, Xu Zhi and Wang Liming stood in the VIP room on the third floor, looking down at the countless obsessed people in the hall.
Wang Liming said: "Xu Sheng, at present, Hutchison's stock price has risen to 8.2 Hong Kong dollars, and there are many accounts that are currently buying, which should be Li Jiacheng's." ”
Xu Zhi said with a smile: "Looking at it like this, the stock in Li Jiacheng's hand should be close to 25%!"
Wang Liming said: "It should be almost, but after we didn't react, Li Jiacheng quickly withdrew." ”
Xu Zhidao: "Li Jiacheng is not so stupid. ”
At this moment, the stock price is already very high, and the two sides have tacitly agreed to spread some negative information on the stock market, intending to suppress the stock price and then prepare for the war again.
Wang Liming asked: "Now that Li Jiacheng has been acquired in the stock market, should we keep up, our shares have lagged behind a lot." ”
Xu Zhi shook his head and said: "No need, Li Jiacheng should have used hundreds of millions of Hong Kong dollars during this time, plus HSBC sold Hutchison almost all of the loans before, I want to see how determined Shen Bi is to help Li Jiacheng!"
Wang Liming said: "Then let's do it now?"
"Not bad!" Xu Zhi asked, "What is the stock price of Cheung Kong now?"
Wang Liming said: "Before the acquisition of Hutchison, the total market value of Cheung Kong was almost 700 million Hong Kong dollars, and then the market was affected by good news, almost rose to 1 billion, and in recent times, we have continued to acquire and raise the stock price, and the market value has almost reached 1.5 billion Hong Kong dollars, almost 5 Hong Kong dollars per share. ”
"HK$1.5 billion!" Xu Zhi nodded and said, "Immediately announce the shares we hold, and at the same time acquire a large number of Cheung Kong shares on the stock market at HK$10 per share, until it reaches 49.9!"
Wang Liming was taken aback when he heard this, and said: "Xu Sheng, 10 yuan a share is too much! If you want to buy it quickly, 7-8 Hong Kong dollars a share is enough!"
Xu Zhi smiled and said: "Cut through the mess quickly, Li Jiacheng holds more than 36% of the shares of Cheung Kong Industrial, if I don't raise the price, then he will soon be able to organize a counter-takeover, the shares in my hands are less than 20%, only by opening this sky-high price can I have a chance to succeed." ”
Wang Liming nodded and said, "It's not bad, but the price is too great!"
Xu Zhi said with a smile: "It's not big, don't forget that the current Cheung Kong Industrial's property reserves alone exceed 14.5 million square feet, which is higher than the 13 million of Land, although the location is not as good as Land, many of them are remote areas, but as long as the housing prices continue to rise, these plots will be far more than 3 billion." ”
It's still 79 years, and house prices are still two years away from the peak in 1981, and many organizations have repeatedly protested against high house prices, but no one would have imagined how high house prices and land prices would be in 81.
At a valuation of 3 billion Hong Kong dollars, it is estimated that 1 billion Hong Kong dollars will be needed to acquire enough funds to hold Cheung Kong Industrial, and 1 billion Hong Kong dollars will be sky-high this year, but the reserve of 14.5 million square feet is the only one, which is the land that Old Man Li has exhausted his 20 years of reserves, not to mention that once he really controls Cheung Kong Industrial, then Hutchison will naturally get it smoothly.
Wang Liming said: "It is estimated that it is difficult, Hutchison Whampoa is originally an ownerless thing, and everyone competes for it, but if we really launch the acquisition of Cheung Kong Industrial, it will inevitably cause Li Jiacheng's full resistance, and many shareholders of Changjiang have made good deals with Li Jia, and we want to get 49.9%, I am afraid it will be difficult." ”
"Good friends?" Xu Zhi smiled: "Whether it's good or not actually depends on whether the profit is high enough, and anyone in this world has a price for friendship."
But what you said is also right, it is indeed difficult to acquire Cheung Kong, and I don't have a lot of hope, but this is a clear plan, once we launch the acquisition, Li Jiacheng must withdraw funds to protect Cheung Kong, then it will be easier for us to operate on the Hand side, if he has insufficient capital turnover, we really buy his company, then this game will be completely over!"
Wang Liming smiled, but thought of something again, and said: "Xu Sheng, there is still a loophole in our plan, that is, Shen Bi, if he fully supports Li Jiacheng, I am afraid we will not be able to help them!"
"Shen Bi ......" Xu Zhi sighed and said, "This guy is indeed a trouble, you help me make an appointment with Jardine New Bijian, just say that I have something important to discuss." ”
"Niu Bijian?" Although Wang Liming was puzzled, he still agreed: "Okay, I'll go to ...... immediately"
……
Culture Oriental Hotel:
Niu Bijian and Xu Zhi have met a few times, but basically they have said a few polite words to each other in public, but there is still no formal conversation.
The meeting between the two was arranged in the presidential suite, looking down from the huge floor-to-ceiling windows, the beautiful Victoria Harbour came into view, and Niu Bijian sat opposite Xu Zhi, as a sophomore in Xiangjiang, compared to Shen Bi, he gave people the feeling of being cold!
"Xu Sheng is looking for me, I don't know what's the matter?" Niu Bijian took a sip of coffee and said lightly.
Xu Zhidao: "Jardine Matheson is a director of HSBC, and I need Mr. Niu Bijian to impeach Shen Bi on the board of directors of HSBC. ”
"Impeachment of Shen Bi?" Niu Bijian smiled: "On what grounds?"
Xu Zhidao: "Regardless of the interests of all shareholders, before Hutchison was acquired by Li Jiacheng, I contacted Shen Bi with the intention of acquiring it at a premium of 50%, but Shen Bi directly rejected me and sold it to Li Jiacheng at a low price.
And recently, Li Jiacheng has acquired a large number of Hutchison stocks in the stock market, and the funds used are as high as hundreds of millions of Hong Kong dollars, and these funds are all from HSBC, that is, Shen Bite approved a loan to Li Jiacheng, I estimate that with the previous turnover of Hutchison, the total funds may exceed 1 billion Hong Kong dollars!"
"1 billion?"
"Not bad. Xu Zhi said with a smile: "Li Jiacheng's Cheung Kong before the acquisition of Hutchison, the total market value was only 700 million, without collateral, Shen Bi also lent so much money, if Li Jiacheng's business failed, then Shen Bi's behavior has seriously threatened the normal operation of HSBC, Jardine Matheson, as a director and shareholder of HSBC, shouldn't he be held accountable?"