"It's only 10 billion Hong Kong dollars. Xu Zhi smiled disapprenously: "Do you think I can't take it out?"

Hongkong Land's current total market value is about 10 billion Hong Kong dollars, considering the forced privatization, there will be a certain degree of price increase, but at present, Hongkong Land is in a debt crisis, the future is uncertain, this proportion will not be very high, and Evergrande itself has a quarter of Hongkong Land's equity, really fully privatized, 10 billion Hong Kong dollars is enough.

How much is HK$10 billion?

If it was before the linked exchange rate, it was worth 2 billion US dollars, and now, it is only 1.28 billion US dollars, if it is the former, Xu Zhi would still have a bit of a hard time to take it out, but one billion US dollars, it is still very easy.

Midea has taken out the mortgage, so as to obtain the acquisition of Disney funds, but the United States Blackstone Fund is a larger treasure trove, holding a large number of high-quality American company stocks, the current total assets of up to 3.5 billion US dollars, as long as you take out some stocks, you can get 1 billion US dollars from Citibank, which Citibank has long had the intention of cooperation, after all, although the Blackstone Fund is extremely confidential, but the funds are also operated by the bank, Citi is one of the main banks of the Blackstone Fund, naturally know the scale of the Blackstone Fund。

And Niu Bijian realized his mistake at this time, because Xu Zhi acquired Disney in the United States, according to public information, plus Disney's own debt, Xu Zhi owed nearly $4 billion in debt because of this acquisition, such a huge debt, even if Hutchison's profit some time ago, is only a fraction.

What's more, several large-scale investment projects planned by Hutchison also require a large amount of money, and in order to understand the opponent, he specially invited several electronics experts to deduce the profits of Midea, and the result is that it can cope with Disney's huge debt, but it is difficult to have other energy to make large-scale acquisitions.

As for Evergrande Group, although it has a lot of high-quality land and properties, it is also trapped by the downturn in the stock market of Yu Xiangjiang, and may be able to come up with more than a billion Hong Kong dollars in cash, but it is far from enough to completely annex Hongkong Land.

As a result, the consensus of the team is that Hsu will acquire Hongkong Land, but it is unlikely to be fully privatized, and will only pursue 34.9% control and the support of the shareholders' meeting. Therefore, his layout is to make the equity of Jardine Matheson and Hongkong Land form an opposition, and under the checks and balances of multiple major shareholders, he can continue to manage the company, but he did not expect that Xu Zhi is really ready to spend 10 billion Hong Kong dollars to fully annex Hongkong Land.

No matter how cunning the plan is, it is so vulnerable in the face of absolute strength!

No matter what Niu Bijian thinks, all the shareholders and reporters below have exploded, some shareholders who want to get rid of their shares are happy, and some shareholders who want to hold them for a long time are carefully considered: whether to continue to hold or sell at a high price. As for the journalists, they naturally want to get first-hand information.

With the crowd of people below, a reporter stood up, raised the microphone and asked, "Xu Sheng, I don't know at what price you are going to fully privatize Hongkong Land Group?"

Xu Zhi said: "At present, there are a total of 2 billion shares of Hongkong Land, and the Hong Kong stock market was worth HK$5.03 per share when the market closed yesterday afternoon, and my bid was HK$6 per share, an increase of 20%. ”

"It's only 6 yuan!" Many people below were obviously not satisfied with the price of this home, and another reporter suddenly asked: "Mr. Keswick, what do you think about Mr. Xu's privatization of the entire land?"

Many people immediately looked at Simon Keswick, after all, for a hundred years, the Jardine Group has been controlled by the Keswick family, and Hongkong Land is the crown jewel of the Jardine Group.

The Keswicks will inevitably do their best to protect their core assets, and the only way to face a hostile takeover is to buy back shares at a higher price, which is naturally the idea of all the minority shareholders present.

One is the new Xiangjiang super-rich, the other is a wealthy family that has been galloping for a hundred years, no matter who is strong and who is weak, both have the power of a battle, and the two tigers compete, and the final profit is these retail investors, when Jardine and Bao Yugang fought hard Wharf, I don't know how many people have obtained several times the return, if Xu Zhi and the Keswick family also come to play now, everyone present is probably looking forward to it!

Simon Keswick has recovered, and said in a deep voice: "Xu Sheng proposed a full acquisition of Hongkong Land, this is his freedom, in Xiangjiang, only anyone with money can make this request, but at present, Jardine holds 30% of Hongkong Land's shares, no matter whether Xu Sheng will launch a general acquisition offer, we Jardine Matheson will not sell the shares in his hands!"

Xu Zhi glanced at Niu Bijian, who was still pondering without speaking, and then said to Simon Keswick: "Mr. Keswick, it seems that you are not qualified to represent the entire Jardine Matheson!"

"......" Simon Keswick couldn't answer for a while, at present, one can represent Jardine Matheson, one is the board of directors and management headed by Niu Bijian, and the other is the current shareholders' meeting, he is indeed not qualified to make any decisions for Jardine.

Another economic reporter stood up and asked: "Mr. Xu, at present, Jardine and Hongkong Land are in a state of mutual control, if you acquire Hongkong Land, you will also acquire Jardine Matheson at the same time, how will you dispose of Jardine Matheson, and will you also fully acquire the entire Jardine Matheson Group?"

There was another noisy sound below, and it was obvious that the shareholders of the Jardine Matheson Group were also discussing hotly, and on the rostrum, Keswick and Niu Bijian's faces were not good-looking.

Xu Zhidao: "I know that the current Hongkong Land holds 30% of the shares of Jardine Matheson, and Evergrande currently holds 23% of the shares of Jardine Matheson, if Hongkong Land is really successful, according to the current Xiangjiang acquisition law, we will also trigger a general takeover offer, but we will also decide whether to acquire according to the actual situation!"

If the acquirer decides to cancel the acquisition, it must reduce its shares within the specified time to less than 35%, and the law also stipulates that once the acquisition is abandoned, the shares shall not be increased again in the next six months, and the tender offer shall be triggered again, and in the next two years, the price of the second acquisition shall not be lower than the previous one.

The routine includes all kinds of protection for the acquiree, which is actually the Hong Kong government's protection of British capital!

Simon Keswick also noticed the look at him after Xu Zhi had just finished speaking.

Xu Zhi continued: "How to deal with Jardine Matheson, that is a matter of the future, starting tomorrow, I will officially arrange for someone to buy at the price of 6 Hong Kong dollars a share on the four major exchanges, anyone who intends to sell their shares can go to the transaction, and you can get a cash check from the Bank of East Asia on the spot."

The media friends present also hope that this news will be released tomorrow.

By law, the time limit for a general offer is 30 days, so I hope you will consider it carefully. ”

A general offer is mandatory for the acquirer, but the acquiree, that is, the general shareholder, can refuse to trade.

If, after the issuance of the general takeover offer, 51% of the shares are acquired and the entire company is controlled, it is already considered a successful acquisition, but the law restricts the acquirer from acquiring at the same price.

However, there is a very special situation, that is, other shareholders or shareholding institutions do not agree to the price of the general offer, in which case an antagonistic situation will be formed, and the law also stipulates that the acquirer does not need to continue to raise the purchase price, but only needs to complete the obligation to trigger the tender offer, that is, to acquire all shareholders who agree to the offer price.

This has also led to a rare and exceptional situation in which the controlling shareholder's stake in a listed company has stabilized in excess of the statutory maximum of 45%.

And if you acquire 67% of the shares, then you must be completely delisted, after all, you have absolute control, and the shareholders have no rights, which is not in line with the principle of fairness in the law of Hong Kong.

In the last case, when the acquisition is 90%, the court can appeal to force the remaining holders of the shares to sell at the same price to help the acquirer carry out a full privatization, as was the case with Hongkong Land's acquisition of Dairy Farm, and eventually, Hongkong Land acquired Dairy Farm.

In other words, under normal circumstances, once it exceeds 35%, there are no special circumstances, and it is basically a complete privatization step by step.

......

The shareholders' meeting spent another half an hour in a noisy commotion, everyone was ready to end, and Xu Zhizheng was also about to leave, but was stopped by Simon Keswick and Niu Bijian!