HK$72 110 million
Of course, good things have to come in pairs:
The monthly sales of crane machines have exceeded 10,000. Although due to factors such as price competition, freight, and backpoint commissions, the net profit of a crane machine has fallen to 100 Hong Kong dollars, but even so, Midea's net profit has reached 1 million Hong Kong dollars a month.
However, although the profit is high, the consumption is also large, and the rent of the entire building in the New Territories alone exceeds 3 million Hong Kong dollars, plus the time of global dealers, Midea's funds are simply not enough to help Xu Zhi's other plans.
And this second good thing is naturally the cashing out of Wharf stocks, Gao Yada sold some Wharf shares as planned, quickly collected funds, and bought a large number of Wharf shares on the stock market, even if it was higher than the selling price, and at the same time released the news that the acquisition station was about to break out.
Li Jiacheng and Jardine Matheson both thought that the other party did it, but they would not be impulsive, because fighting hard would only cheapen outsiders.
The real follow-up was a group of speculators and other funds who had heard that the takeover war was about to break out.
Subsequently, Gao Yada slowly cashed out a large number of shares, which further caused the stock price to fall, and at this time, Cheung Kong's securities account began to absorb a large number of shares and obtained a lot of shares.
"Xu Sheng, this is our last transaction record, please take a look. In the office of Goldman Sachs headquarters, Gao Yada said to Xu Zhi with a smile.
"Thank you!" Xu Zhi said politely, and then carefully looked at all the consumption records.
At the beginning, a total of 15 million Hong Kong dollars were pledged, 75 million were borrowed, and another 8 million Hong Kong dollars were deposited as a rescue fund in the event of liquidation.
From the beginning of the purchase to the final sale, it took a total of 5 pairs of months, and according to the interest of leverage, it was almost 3 million Hong Kong dollars.
The cost of auxiliary operations is even more expensive, even if it is just a simple story to buy and sell according to Xu Zhi's requirements, Goldman Sachs still charges a lot of fees.
This is actually the overlord clause, my interest rate is low, but my fee is high!
I'm sorry, I went to the wrong set, not a 4S store.
Goldman Sachs, HSBC, Standard Chartered, etc. are actually like this, after all, you borrowed so much money with leverage, and then gave you normal interest, other banks' brains pumped!
Of course, in order to attract customers, banks still play the title of low interest rates.
In this way, the cost is still 18 million Hong Kong dollars.
The income is even simpler, among the 75 million, 15 million are Hutchison stocks, and only 60 million are Wharf, with an average purchase price of 12 Hong Kong dollars and a sale of 37 Hong Kong dollars.
HK$185 million was received, and after deducting costs, there was HK$110 million plus 1.3% of Hutchison shares.
To sum up: Xu Zhi invested 23 million Hong Kong dollars, and made a total profit of 87 million Hong Kong dollars plus 1.3% of Hutchison stocks in 5 months.
To introduce it with a simple data:
In 1977, HSBC, which monopolized Hong Kong, had an annual profit of HK$600 million, and Cheung Kong Industrial, the head of the Five Chinese Tigers, had an annual profit of more than HK$50 million.
Therefore, speculation will always attract countless people, even if they know that the probability is very small, but there are still countless people who jump into it.
Gao Yada smiled: "Xu Sheng, I don't know what to do with this money now? What else can we Goldman Sachs help with?"
Xu Zhi nodded and said, "I said I would exchange 10 million US dollars." ”
Gao Yada nodded and promised: "No problem, I will immediately arrange for someone to go to HSBC to exchange." ”
There is no central bank in Hong Kong, and most of the exchange business is carried out by HSBC, the quasi-central bank, and Goldman Sachs, although it has a lot of dollars at its headquarters, will not undertake such transactions, because it is useless for them to take a bunch of Hong Kong dollars, unless there are new investment opportunities.
Xu Zhidao: "The rest of the money will be invested by you Goldman Sachs, I want you to secretly buy the shares of Changjiang Industrial and Hutchison Group, compared to the last Wharf acquisition, this is not in a hurry, just acquire slowly." ”
Gao Yada nodded and asked, "Then what is our goal, and which of these two is important?"
Xu Zhidao: "There is no absolute target value, just keep acquiring, the more the better, between the two to Hutchison, Cheung Kong is a new enterprise, shares are still concentrated in the hands of a few major shareholders, want to buy too much, almost impossible." ”
Gao Yada thought for a while, and then asked with a smile: "Hutchison's market value has exceeded 1.5 billion, and Xu Sheng doesn't have much money left, I don't know if I need to leverage again?"
Xu Zhi shook his head and said: "No need, this time it's good to make steady acquisitions, last time it was speculation, this time it's investment." ”
Gao Yada said: "But the money is not enough, even if the speed of the secret acquisition is very slow, I am afraid that the time of a few months will be used up." ”
Xu Zhi smiled: "Don't worry, Gao Sheng, if I have other money at that time, I will remit it again?"
Gao Yada seemed to think of something, his face was a little moved, and he asked, "Xu Sheng doesn't seem to be an investment, could it be that he wants to swallow Hutchison?"
Xu Zhi shook his head and smiled: "Gao Sheng, you also think too highly of me, my money can't buy 10% of the entire Hutchison shares, not to mention that HSBC controls Hutchison, don't say I, even Goldman Sachs behind you, I'm afraid I don't want to face off against HSBC in Xiangjiang." ”
Gao Yada nodded and said, "I just wonder why Xu Sheng only stared at Hehuang, but I misunderstood." ”
Xu Zhidao: "In fact, the reason is very simple, Hutchison almost went bankrupt because he had too much debt, and now after Wei Li came to power, he sold a large number of his messy subsidiaries to get cash, specializing in the industries he is familiar with, and since HSBC has acquired Hutchison, it will not let it go bankrupt again, just to get the best interest rate loan from HSBC for a long time, I don't know how many companies I can envy."
Coupled with the fact that Hutchison has a large land bank, and now that the housing prices in Xiangjiang have risen sharply, I think Hutchison will have a bright future in the future. ”
Gao Yada said with a smile: "Xu Sheng is really unique! No problem, this matter is still on our Goldman Sachs, and we will definitely buy the most shares for Xu Sheng with the least amount of money." ”
"Then I wish us a happy cooperation in the future!" Xu Zhi nodded and smiled: "There is one more thing, I will issue a power of attorney, and you Goldman Sachs will open an account with Citibank for me, and after the exchange of 10 million US dollars, it will be directly credited into it." ”
Many children may not know much about what is investment banking and what is commercial banking.
When the U.S. financial crisis swept through the world in 1933, the U.S. Congress split up all the banks in the United States to avoid future economic chaos: investment banks and commercial banks.
After the law was introduced, any bank had to choose one over the other.
Like what:
Morgan Bank was split into **** (commercial bank) and Morgan Stanley (investment bank).
Citibank and Bank of America became specialized commercial banks.
Solomon Brothers and Goldman Sachs became investment banks.
It was not until 1999 that the Act was repealed.
So in the 70s-80s-90s, Goldman Sachs didn't have a bank card business for individuals, and money couldn't be deposited in Goldman Sachs unless you asked him to invest (only investment, and in the United States, business transactions can't go through investment bank accounts).
Gao Yada nodded and said, "Okay, I know a few business managers of the bank that spends money, and it is estimated that they can break through with such a large deposit." ”
Xu Zhi smiled and said, "I haven't been to the United States yet, if I want to find someone, I don't know if Gao Sheng knows any professional detective agency?"
Gao Yada was stunned for a moment and said, "I know one in the United States, is Xu Sheng looking for an American?"
Xu Zhi shook his head and said: "No, this person is Canadian, but he is an airline crew and often travels back and forth between the United States and Canada, and I need all his information." ”
Gao Yada asked, "Do you know what the name is?" or better if there is a photo. ”
Xu Zhi shook his head and said, "There are no photos, I only know the name." ”
After speaking, Xu Zhi handed over a note.
Gao Yada glanced at the note and said, "What information do you want?"
Xu Zhi nodded and said, "Home address, photo is enough!"
"Okay, no problem, I'll contact the detective agency in the United States, I don't know when Xu Sheng needs this information?" Gao Yada agreed, and he didn't ask Xu Zhi's purpose.
Xu Zhidao: "I will go to the United States at the beginning of next month, and I hope I can get all the information." ”