September 12, 1979, midnight:

At the same time, Cheung Kong and HSBC announced to the media that Cheung Kong Asset has reached an agreement with HSBC to acquire all 90 million ordinary shares of Hutchison Whampoa held by HSBC at a price of HK$7.6 per share, accounting for about 22.4% of all issued shares of Hutchison Whampoa, and Cheung Kong Asset will become the largest shareholder of Hutchison Whampoa.

According to the agreement, the total transaction value is HK$684 million, and Cheung Kong is required to pay 20% of the total price of HK$684 million immediately, with the remainder to be paid in the remaining two years!

As soon as the news came out, it shocked the whole Hong Kong!

Although Hutchison Whampoa has been languishing since the 73 stock market crash, the emaciated camel is bigger than a horse, and its core high-quality assets are still many, such as the 24-storey Hutchison Building of the Central Headquarters, the Hung Hom Cross Harbour Tunnel, Watsons, Parknshop Supermarket, the Hilton Hotel property in Central, and the more than 2 million square feet of land on the Hung Hom beach......

The next day, the headlines of various newspapers in Xiangjiang put Li Jiacheng's photo on the front page, which was the first Chinese in Xiangjiang to buy the four major foreign companies in so many years, and at this moment, Li Jiacheng surpassed everyone in the limelight.

Many economic commentators have also made a large number of comments, describing the move as "a snake swallowing an elephant", "an earth-shattering shock", and "like dropping a bomb". The political and economic commentary of "Hong Kong Economic Journal" pointed out: This transaction is a major victory for the Chinese, and Mr. Li Jiacheng is not only a strongman in the real estate industry, but also a hot figure in the stock market!

However, Li Jiacheng's good deeds, for Hutchison Whampoa's current family Wei Li, is simply a nightmare, in the past few years, he has worked hard to run Hutchison Whampoa, although not completely Hutchison back to the peak, but the company has turned a profit, just when he is ready to sit back with Jardine Matheson's Niubi Jian like Xiangjiang, HSBC has sold Hutchison.

Wei Li lashed out at Shen Bi in the newspaper, arguing that Hutchison's company's net worth should be HK$14.4, but HSBC's answer was simple:

"The valuation of HK$14.4 refers to the company's net asset value, and if you sell 90 million shares at this price, you can't find a buyer at all, not to mention that before the transaction, the average market value of Hutchison's share price was HK$5.8, and Cheung Kong's acquisition at HK$7.6 is already a 30% premium......"

In fact, although Li Jiacheng acquired Hutchison at a premium of 30%, 20% of the down payment was actually personally approved by HSBC to lend to Cheung Kong the day before, and Comrade Li got the entire Hutchison Whampoa without spending a penny!

Even though Wei Li was so angry that he was about to vomit blood, nominally he didn't have anything to do!

"It's really cool! I proposed to buy Hutchison shares at a premium of 50%, Shen Bi refused without thinking about it, this Li Jiacheng didn't spend a penny, and he got Hutchison in his hands, it's really more human, it's infuriating!" Xu Zhi said with a sigh after reading all the newspaper articles about Li Jiacheng's acquisition of Hutchison Whampoa in the past two days.

Wang Liming said with a smile: "There must be a lot of secret transactions between them, otherwise they wouldn't even give us the opportunity to ask for a price!"

Under normal circumstances, when selling an asset, the seller can't wait for countless people to come to compete, so as to raise the price and obtain the highest profit, but Shen Bi directly rejected Xu Zhi's request at the beginning, and then secretly sold it to Li Jiacheng at a low price, which must be very boring.

In later generations, countless well-known economists have analyzed Shen Bi's actions for many reasons, such as:

Hutchison Daban Welli has repeatedly attempted to expand its shares to raise funds, intending to dilute the shares held by HSBC. At the same time, because of the rebound in Hutchison's performance, Wei Li also became unpopular, and began to regard Hutchison as his own, and put all the credit for saving Hutchison on himself.

And Li Jiacheng once gave Shen Bi face and gave up the acquisition of Wharf, and at the same time, the ship king Bao Yugang is also a director of HSBC, and he also came forward to help Li Jiacheng.

However, the main reason for the recognition is that the mainland began to establish diplomatic relations with Europe and the United States in the early 70s, especially in 71, when the mainland returned to the United Nations, and only one small country in the whole of Europe voted against it.

How can a P5 of the United Nations allow another colony on its own territory to be someone else's?

Portugal has long given up treatment, and Great Britain values face more, so it naturally refuses to give up casually, but Britain's national strength is long gone, so as long as there is face, it will be about the same!

In 76 years, the mainland began to develop its economy in an all-round way, and HSBC, which has a keen sense of smell, already knew that the return of Hong Kong was inevitable, so a vote was a must.

In 78, he went to the mainland to participate in the 29th anniversary celebration, was personally received by the central leaders, and was elected as a director of CITIC Group in 79, and his status has long been revealed!

HSBC naturally wanted to befriend Lao Li, so there was a deal with Hutchison Whampoa.

At the same time, from the commercial aspect, Li Jiacheng's main business is real estate, and the real estate in Xiangjiang will never be separated from HSBC, as long as Li Jiacheng is cultivated into a new giant, it is also convenient for HSBC to continue to control the economic lifeline of Xiangjiang!

Xu Zhi asked, "Have all the funds for oil futures come back?"

Wang Liming replied: "It's all back, the cost of 100 million US dollars has been returned to the United States, and we have earned almost 470 million US dollars with 5 times leverage, but after losing financing interest and paying taxes, we still have a total of 380 million US dollars in our hands!"

Xu Zhi nodded: "Yes, what about the shares of Hutchison and Changjiang Industrial, and how is the acquisition?"

Wang Liming said: "At present, we already hold 18.3% of the shares of Hutchison Whampoa, and Cheung Kong is a little lower, only 14.1%, which is still because the shares of Hutchison and Changjiang have fluctuated too much in the past few days, and I took the opportunity to fish in troubled waters, although the purchase price is higher than before, but also forcibly acquired almost 2% of the shares." ”

"That's not a problem!" Xu Zhi said: "Now we can buy as much as we can, once we announce the information, it is estimated that the stock price can immediately turn to the sky!"

Wang Liming asked: "Then can we announce it later, during this period the shares of Hutchison Whampoa and Cheung Kong are very popular, we can take the opportunity to buy a large number of them, as long as 10 days, I am sure that we can reach the share of Hutchison held by Li Jiacheng." ”

"No need. Xu Zhi refused: "Late layout can indeed save some acquisition costs, but our purpose is not to invest, but to acquire, we can do the same when we buy at a low price, and we will announce the acquisition tomorrow morning!"

Wang Liming nodded: "Now Hutchison's share price has reached 7 Hong Kong dollars, what is the price of our acquisition?"

Historically, Li Jiacheng's share price was 5.5 when he acquired Hutchison shares from HSBC, and it increased slightly after the acquisition, but in this life, because Evergrande has been secretly acquiring, when Li Jiacheng acquired it, the stock price was also much higher, reaching 5.8 Hong Kong dollars.

Because Chinese capital has become the owner of Hutchison Whampoa for the first time, and Li Ka-shing's Cheung Kong has also announced a lot of business cooperation information, Hutchison's share price has approached HK$7.

Xu Zhi said with a smile: "Since you want to play, then play big, tomorrow our purchase price is 10 Hong Kong dollars a share!"

"10 Hong Kong dollars, so big?" Wang Liming was also taken aback, according to the current share price of Hutchison, this is almost an increase of more than 40%, which is rare for an acquisition of this magnitude.

"Yes, HK$10 a share. Xu Zhi confirmed: "Cut through the mess quickly, I'm not interested in delaying it any longer." ”

If Li Jiacheng is naturally inferior to himself compared to funds, but there is an HSBC behind the other party, Xu Zhi knows very well that it is difficult for him to fight against the central bank of Xiangjiang at present, and only a quick acquisition at a high premium is the best choice!