240 Wharf changes hands(2)
Xu Zhi owns 10% of Wharf shares, a total of 10.2 million shares, and a total of 1.071 billion Hong Kong dollars will cost Bao Yugang at 105 Hong Kong dollars.
Because it has been absorbing Wharf shares for a long time, the average purchase price of all stocks is HK$48, but this time the transaction made a net profit of 598.5 million.
"Thank you Xu Sheng!" After signing the transfer contract, Bao Yugang also breathed a sigh of relief, now he already holds more than 40% of Wharf shares, and only needs to acquire a further 9% to reach a controlling stake.
Xu Zhi said with a smile: "Bao Sheng, it's just a transaction, you and I take what we need." ”
"Understand, after I successfully acquire Wharf, the land of the Causeway Bay Power Plant will be transferred to you according to our agreement!" Bao Yugang also understood what Xu Zhi meant.
Time was urgent, and Bao Yugang was not in the mood to reminisce about the past, so he left a check for HK$1.071 billion and left.
Hong Kong Central, Connaught Building.
Newbijian, Bao Fuda and the others were in the office, receiving information from all over the place.
"Bao Yugang has returned to Xiangjiang, and the group of wastes staying at the airport don't know!"
Bao Fuda frowned and said: "This bag of Yugang returned to Xiangjiang, why did you look for Xu Zhi in the first place, did you want to ask him to borrow money?"
"It's a possibility!" Niu Bijian thought for a moment, but he didn't think of any other possibility.
Bao Fuda said: "Xu Zhi's financial resources are very terrifying, if he intervenes, we have to pay great attention." ”
Bao Fuda and others have been operating Midea game arcade machines in the UK market, so they naturally know the profits of this game, and then calculate the global market, the approximate amount is almost out, especially Xu Zhi's successive acquisitions of Hutchison Whampoa and HK Electric Group, which has become Jardine Matheson's biggest concern, and he is afraid that Hongkong Land will also become his target.
Niu Bijian said: "If this is better, one can consume Xu Zhi's funds, on the other hand, Bao Yugang has enough funds, we can also cash out, the most important thing at present is to keep the land, with more funds we can also increase the capital of the land." ”
……
At the same time:
Hilton Hotel, Bao Yugang and son-in-law Wu Guangzheng held a press conference, announcing that Longsheng International has acquired 10% of Wharf shares from Evergrande, and currently holds more than 40% of Wharf shares, in order to protect the interests of the company and the family, it will purchase another 8.5 million shares for HK$105 a share in cash, increasing the controlling stake to 49%, and will not trigger the takeover offer.
"Only 8.5 million shares?"
"Bao Yugang already has a 40% stake?"
"When did Evergrande have Wharf shares?"
All the reporters at the scene were stunned, and the major media immediately looked for a phone number to contact their company or stock exchange, and the information quickly spread in all directions.
Many shareholders got the news and immediately became anxious, and after the battle between Hutchison and Whampoa, all the shareholders no longer believe in the two-party competition, and just want to settle down. However, Hongkong Land's proposal for a bond-for-share swap made many people puzzled, for fear that it would be another conspiracy, and they waited for so many days just to wait for Bao Yugang's reply.
Now the answer is there, Bao Yugang's Longfeng International with 105 Hong Kong dollars in cash to buy Wharf shares, this is a great thing, but the problem is that the trading volume is too small, only 8.5 million shares will end, everyone understands that once Bao Yugang obtains enough controlling shares, the battle is over, the stock price will inevitably plummet, in this case, individuals and institutions with Wharf shares in their hands are naturally anxious to make a move!
In the stock exchange, the acquisition site arranged by Bao Yugang was crowded, and everyone was anxious to prepare to sell the stocks in their hands.
"When did Xu Zhi acquire so many Wharf stocks?"
"It's not important, the important thing is that we have to sell our shares immediately, otherwise it's too late!"
"Yes, immediately arrange for someone to line up to sell Wharf stocks. After being reminded, Niu Bijian also reacted quickly.
However, after Xu Zhi's reminder, Bao Yugang has long been prepared, although he is ready to use nearly 1 billion Hong Kong dollars to buy Wharf shares again, whoever buys the stock is the same, but since it is the same, how can it not be cheap Jardine people.
Before the press conference, Bao Yugang's subordinates in the stock exchange had already arranged the acquisition table, and at the same time arranged an S-shaped queuing fence in front, and specially arranged several security guards to maintain the procedure, and no one was allowed to cut the queue after the acquisition began.
Because the ordinary shareholders on the scene must be ready to line up to sell immediately after getting the news, and the people of the Jardine Department or other large institutions must report to the company, and they will line up after getting the order, which is a time difference, Bao Yugang will give priority to buying the shares of ordinary shareholders, of course, how to say that large institutions account for the majority, and it is impossible to want to trade with them at all, but it can also prevent these people from profiting too much from themselves, after all, his Bao Yugang's money is not blown by the wind.
When the cash is sufficient, the shareholders take out the shares, and Bao's will write a cash check from HSBC. The acquisition of 8.5 million shares was completed in less than an hour, and when Longfeng International announced the end of the acquisition, a bunch of shareholders who were still queuing behind suddenly rioted, and several security guards almost couldn't maintain the procedure, forcing the stock exchange to ask the police for help and arrest several troublemakers.
……
The next day, Wharf Headquarters:
After Bao Yugang obtained 49% of the shares, he immediately announced the convening of a board meeting, and Xu Zhi was also invited.
Some time ago, in order to increase their holdings of Wharf stocks, Jardine sold the shares of Yiren Occupation in the United Kingdom, and Hongkong Land also sold the Golden Gate Building to Chen Songqing, originally planning that even if he couldn't fight Bao Yugang, he could be forced to buy it at a high price, and Hongkong Land could cash out a large amount.
But I didn't expect Xu Zhi to secretly acquire 10% of the shares, and the entire plan of the Jardine Matheson Group was all disrupted, before Hongkong Land already had 20% of the Wharf shares, plus almost 5% of the bonds exchanged for the past few days, but yesterday only 3% of the shares were sold to the Bao Yugang family, and the remaining stocks were all still trapped in their hands.
Because of the end of the takeover war, Wharf's share price has fallen below HK$70 today, and Hongkong Land has lost hundreds of millions of Hong Kong dollars as a result.
Bao Yugang's face was full of red light, and he was naturally very willing to meet this opponent who had been fighting on the board of directors of Wharf for almost two years, and said with a smile: "Mr. Niu Bijian, everyone is already very clear about the current situation, I think we should be happy, so as not to embarrass everyone!"
"Hmph!" Niu Bijian snorted coldly, but also agreed, Bao Yugang's entry into the Wharf has become inevitable, in the future, everyone will develop on one acre and three points of land in Xiangjiang, maybe there will be more opportunities for cooperation, you can't make too much trouble at the moment, otherwise you will be laughed at.
The next board of directors was naturally simple, and Niu Bijian gentlemanly announced his resignation as chairman of the board of directors of Wharf and recommended Bao Yugang as the new chairman.
After the meeting, Bao Yugang invited Xu Zhi, Niu Bijian and Bao Fuda to lunch, and at the same time discussed possible future cooperation, after which Niu Bijian and others were ready to say goodbye and leave.
"Mr. Niu Bijian, can you talk about it?" Xu Zhi said suddenly.