201 Battle for Hutchison Whampoa (10)
"That's okay, it's not bad to treat it as a normal investment!" Xu Zhi said indifferently.
Bao Yugang shook his head and smiled and said, "Okay, what conditions does Xu Sheng have to say directly, how can I sell this share to me?"
Xu Zhi smiled: "It's very simple, at the last moment, I can sell Yu Baosheng at the price of the day, but Baosheng wants to promise me to transfer a property to me after I get a controlling stake in Wharf?"
Bao Yugang asked, "Which property?"
Xu Zhi said: "The old car power plant in Causeway Bay and the nearby streets!"
Bao Yugang said with a smile: "Xu Sheng's heart is really big, that piece of land is a golden land. ”
"If it weren't for the land of gold, I wouldn't be interested. Xu Zhi shrugged and said, the Causeway Bay Old Car Power Plant is located in the center of Causeway Bay. In later generations, after Bao Yugang's death, his son-in-law Wu Guangzheng built the famous Times Square on this land.
Times Square was completed in 94 with a total investment of 2.4 billion, and the rent collected in the first year was as high as 900 million, and in the 21st century, the annual rent is as high as 20-3 billion Hong Kong dollars, and the market value is estimated to be 700-80 billion Hong Kong dollars, making it one of the most valuable buildings in the entire Xiangjiang.
On top of that, the property right of this land is 999 years, which is one of the few thousand-year property rights in Heung Kong, and it is a commercial land in itself, just like Harbour City.
You must know that when Bao Yugang was about to abandon the boat and land, the first thing he valued was Wharf, not HSBC's Hutchison Whampoa!
The most fundamental reason why Wharf preferred to fight with Jardine Matheson Group is that a large amount of land under Hutchison is industrial and cannot be developed for residential and commercial purposes at all, and it was not until Li Jiacheng took advantage of the real estate crisis to change the nature of the land.
Wharf is not, Jardine Matheson Group has already done this in the dark era before MacLehose, and anyone with a discerning eye can see the future of Harbour City, and Li Ka Shing also turned his attention to Hutchison Whampoa because he was unable to fight against Jardine Matheson.
It's just that Li Jiacheng will surpass Wharf in the future because of his excellent management ability, and the achievements of Hutchison's operation will exceed Wharf, but you must know that Wharf is only Harbour City, and the rent in the 21st century will exceed 10 billion Hong Kong dollars.
The scale of the wheel is indeed larger than that of Huang, but in terms of the excellence of the assets, Wharf is obviously superior, and as long as it is in hand, there is almost no risk.
Bao Yugang pondered for a while and said, "Okay, I promise you." ”
Xu Zhi said with a smile: "Then I wish us a happy cooperation, and congratulations to Bao Sheng on his upcoming entry into Wharf." ”
"Thank you Jiyan!" Bao Yugang replied with a smile, as long as he can enter the Wharf Wharf, the loss of a piece of land is nothing, Jiucang, as a time-honored brand enterprise, bought a lot of Xiangjiang land at the beginning of its establishment, which was wasteland at the time, but now it is an inch of land.
But the land itself will not make money, and can only be used to develop buildings on it to obtain benefits, and Jiucang was also because of this, refusing to sell the land, desperately using loans, bonds and financing to raise money, which led to Li Jiacheng's hostile takeover, and now it was quickly forcibly taken over by Bao Yugang.
After he became the owner, he will definitely sell part of the land to recoup the funds, and now book a 10% decisive stake on a piece of land, this transaction is not a loss, after all, it is not cost-effective to win the Wharf, not to mention, this is related to the decision of "abandoning the boat and landing".
After Bao Yugang left, Wang Liming walked in and said: "Li Jiacheng hit back, he is recovering the shares of Cheung Kong Industrial at 10.5 Hong Kong dollars per share." ”
"I know!" Xu Zhidao: "I just got the news that Shen Bi borrowed hundreds of millions more to Li Jiacheng." ”
Wang Liming asked: "Then should we raise the price again?"
Xu Zhi said with a smile: "Of course, no matter how I raise the price, Li Jiacheng must keep up, otherwise if I buy Cheung Kong Industrial, I won't have to trouble Hutchison anymore!"
HSBC sold Hutchison's shares to Cheung Kong Industrial, not Li Jiaben, which means that if Cheung Kong Asset is acquired, then 22.65% of the shares of Hutchison from HSBC and the subsequent shares acquired by Li Jiacheng will be owned by Xu Zhi, and the acquisition of Hutchison will be completely over.
So even if Evergrande continues to increase the acquisition amount, Li Jiacheng only has two choices, either raise the price to keep up, or cash out, and must make a decision immediately, just two days ago Evergrande doubled the price of the acquisition of Changjiang Industrial shares, which attracted countless people to sell, two days to acquire nearly 10%, plus the previous shares, Xu Zhi's shares in Changjiang Industrial have exceeded 25%, not far from Li Jiacheng's equity share.
Wang Liming asked: "Then do you want to go all out to continue to acquire Hutchison?"
"Of course. Xu Zhi nodded: "Now that Li Jiacheng's funds are fully used to acquire the shares of Cheung Kong Industrial, we will go all out to acquire Hutchison." ”
"Understood, I'll arrange someone to do it immediately!" Wang Liming said: "In addition, there is also news from Goldman Sachs, and the other party has agreed, but the price is a little higher, and a one-time payment is required!"
Xu Zhi asked, "What price?"
"51% equity, $268 million. ”
"Valuation of $525 million!" Xu Zhi smiled and said, "Tell the people at Goldman Sachs and promise them." ”
Wang Liming nodded and said, "Understood, I'll go immediately." ”
After three days:
Central, China Walk Building, Cheung Kong Headquarters:
Hong Xiaolian walked in with a stack of documents in her hand, and said to Li Jiacheng, who was sitting in front of the office and pondering: "Chairman, Evergrande has raised the price again, and it has been as high as 15 Hong Kong dollars a share."
"It's really ruthless, and the market value of Cheung Kong's stock price was speculated to 4.5 billion Hong Kong dollars by him. Li Jiacheng couldn't help but sigh, in the past few days, he has been using all the funds to buy the shares of Cheung Kong in the market, but Evergrande is like crazy, has been raising the purchase price, forcing him to keep up, from 11 Hong Kong dollars has been slowly rising to 15 Hong Kong dollars, Cheung Kong is definitely the most dazzling stock this year, the market value was less than 700 million Hong Kong dollars a month ago, and now it has risen to 4.5 billion.
Li Jiacheng didn't understand that, according to his information, Xu Zhi couldn't have so much money to play like this all the time, unless he got help from the bank, and even if he could borrow money, it would have to be repaid, and buying the shares of Cheung Kong at such a high price would either be crazy or determined.
And his funds are getting tighter and tighter, Shen Bi even if HSBC's rights are big, but the continuous allocation of hundreds of millions of Hong Kong dollars of unsecured loans also takes some time, at the beginning of Evergrande's acquisition is because HSBC's procedures were delayed for two days, resulting in Evergrande unimpeded acquisition of a large number of shares, and after the HSBC funds arrived, Changjiang raised the purchase price, and Evergrande followed.
Because they have continuously lent him hundreds of millions of Hong Kong dollars, some directors of HSBC have already quarreled over this matter.
Hong Xiaolian asked: "Then should we continue to keep up, the funds provided by HSBC have almost run out." ”
"Keep up!" Li Jiacheng said resolutely: "If you lose Cheung Kong Industrial, everything will be fine, I will contact Shen Bi again on the capital side, as long as HSBC is willing to help, everything will not be a problem." ”
Hong Xiaolian nodded and said, "Okay, I understand!"
"The way of others is also the way of others!" After Hong Xiaolian left, Li Jiacheng sighed and said, last year was also about this time, he and Xu Zhi designed to lure the Kane family of Jingzhou Yingxiao to borrow a large amount of money to buy the shares of their own company that were coaxed into high prices by them, and as a result, the Kane family lost everything.
Now it seems that Evergrande still uses this trick, but this trick is a force to reduce 100 will, unless you don't want your own company, you can choose to cash out at a high price, and you can make a lot of money, otherwise you can only go up hard.