442 Annexation of Land

After Simon Keswick was silent for a moment, he finally made a decision: "Xu Sheng, I can not fight with you for Hongkong Land, but you must sell me the shares of Jardine Matheson Group in Hongkong Land's hands at yesterday's market price." ”

"Original price?" Xu Zhi said disdainfully: "Then the land shares in the hands of Jardine Matheson, can you resell them to me at yesterday's market price?"

"This ......" Simon Keswick was speechless for a while, after all, at the previous shareholders' meeting, Xu Zhi had announced that he would increase the acquisition of all the Hongkong Land shares in the market by 20%, since he could get back Jardine Matheson, the Hongkong Land shares in his hand would definitely be sold, this is a stock of billions of Hong Kong dollars, and a 20% price increase is hundreds of millions of Hong Kong dollars, which can be said to be very important to the troubled Jardine Matheson.

But because of the mutual control of Jardine Matheson, Hongkong Land also holds a huge amount of shares of Jardine Matheson, and now Hongkong Land can't keep it, and the shares of Jardine in its hands will naturally have to be withdrawn, otherwise, it is not sure that one day, the control of Jardine Matheson will be gone, not to mention, after this lesson, their Keswick family will inevitably increase the controlling shares of their companies in the future, which naturally requires a lot of money.

Xu Zhi said: "In this way, we are all trading at yesterday's stock market price, Mr. Keswick, what do you think?"

"Good. Simon Keswick finally agreed in distress, the scale of the land is far greater than that of Jardine Matheson, and if the transaction is also made with a 20% increase, then his own side has a big advantage. But at present, the other party has the advantage, and he can't make this kind of request.

"Then so be it! You and I will work together to take back the board of directors of Jardine Land and then split the finances. Xu Zhi said. The core purpose of this acquisition is Hongkong Land, and its properties in Central and other prime locations in Hong Kong are the ultimate goal.

As for Jardine Matheson, it does still have a certain scale after going to Hongkong Land, but there are many varieties, involving agriculture and animal husbandry, minerals, chemicals, shipping, aviation, insurance and finance, machinery manufacturing, etc., etc.......

It looks really powerful, but the operation is extremely chaotic, each branch has a loss and a profit, empty scale, but nothing real, similar to the Hutchison Group in the early 70s under the management of Qi Dezun, there are many branches, but they cannot be fully utilized, resulting in the company is extremely bloated.

This kind of company, even if it is properly operated, may not be as simple as the simplest real estate investment, and it is better to return it to the Keswick family in exchange for the other party's regression in the land.

After all, the strength of the Keswick family should not be underestimated, even if the strength is not comparable to itself, but the rabbit will bite when it is forced to be urgent, and it will really tear the face, and there is not much practical benefit.

......

The next day, "Industrial and Commercial Daily" and "Ming Pao" announced the merger and acquisition plan of Hongkong Land Group in the headlines on the front page, and the 20% range was in the acquisition war, which is indeed not large, so many people are not willing to make a move.

However, in the afternoon of the same day, new information came from the market, Evergrande Group and the Keswick family joined forces to abolish the board of directors and top management of Jardine Matheson and Hongkong Land headed by Niu Bijian and Bao Fuda.

Acquirer and Acquiree join forces?

Some discerning people immediately feel that things have changed, but most people are still waiting for follow-up information.

On the fifth day, Evergrande, Jardine Matheson, and Hongkong Land held a press conference to announce the serial divestment plan:

First of all, Evergrande sold all the shares of Jardine Matheson to the Keswick family at 120% of the current market price, cashing out about one billion Hong Kong dollars. At the same time, the total value of Jardine Matheson shares in the hands of the Keswick family will be as high as 30%.

Step 2: Jardine Matheson sold its 30% share in Hongkong Land to Evergrande Group at a transaction price the day before the tender offer was triggered, with a total value of approximately HK$3 billion. So far, together with the shares acquired from the stock market during this period, Evergrande holds a total of 68% of Hongkong Land's shares.

Step 3: Hongkong Land also sold the shares of Jardine Matheson Group to the Keswick family at the previous day's price, cashing out HK$1.2 billion. At this point, the Keswick family owns 60% of the shares of Jardine Matheson, triggering a general takeover offer.

In order to obtain sufficient funds, the Bank of East Asia also provided an emergency loan of HK$2 billion, and the collateral was a large number of real estate properties of the Keswick family around the world, a large area of coconut groves in Malaysia and sugar cane plantations in Hawaii.

After all the shareholders learned the news, they all exploded, they just saw the richest man in Xiangjiang raise his fist, ready to beat Jardine, the former No. 1 consortium in Xiangjiang, but unexpectedly, before the fist fell, the other party admitted defeat.

Everyone understood that the Hongkong Land stock in their hands could no longer soar to the sky like the Wharf of the year, so while cursing the incompetence of the Keswick family, he rushed to the stock exchange and exchanged the stocks in his hand for cash.

A small number of people are very discerning and are still optimistic about the future of Hongkong Land, but their arms are not as hard as their thighs, and those who can hold more shares of Hongkong shares are basically people in some industries in Xiangjiang, and they do not dare to offend the real Xiangjiang No. 1 Consortium for the sake of the stocks in their hands.

After another half a month, Evergrande holds 92.8% of Hongkong Land shares, and the trading volume is getting less and less, obviously, many people are not willing to trade at this price, or do not have time to come.

As a result, Evergrande applied for a delisting injunction like the court, which forcibly announced the delisting and abolished Hongkong Land shares outside the market, but the book value of these shares is still there, and anyone can exchange the shares for cash on the Hong Kong Exchange at any time in the future.

On December 1, Evergrande Group officially announced that it had successfully acquired Hongkong Group, and Hongkong Land was also officially delisted from the Hong Kong stock market.

The next day, the front page of Ta Kung Pao headlined: Xiangjiang Commerce has officially entered the era of Chinese capital.

The article first briefly introduces the commercial history of Hong Kong from the 19th century to the 20th century, and also introduces the style of the British-funded consortium led by Jardine Matheson, Hutchison Whampoa, Swire and Wheelock.

The focus of this introduction is that after the Jardine Matheson Group, which started as an opium smuggler and was banned from smoking in the mainland, Jardine Matheson returned to Britain and tried his best to promote the Opium War, seizing Hong Kong, hoarding land near Victoria Harbour, establishing Wharf and Land, and so on......

It can be said that the history of Jardine Matheson is earlier than that of Xiangjiang, and even the establishment of the city of Xiangjiang has a great relationship with Jardine Matheson.

The article introduced the black-hearted history of Jardine Mason in an extremely critical way, which made many Chinese indignant.

Now, having lost its land, Jardine Matheson has been reduced to a second-rate company and can no longer compete with the other three foreign firms.

At the same time, Hutchison, the four major foreign firms that once represented British capital, has long fallen into the hands of Chinese capital, and at this moment Jardine Matheson has declined, leaving only Swire Group and Wheelock Group. Among the Chinese-funded companies, the scale of many large companies is also getting bigger and bigger, and the Chinese-funded companies in the blue chips of Xiangjiang have surpassed the British-funded groups in terms of both number and total market capitalization.

After learning of this result, a large number of Xiangjiang Chinese felt comfortable again.