208 Battle for Hutchison Whampoa (17)

Xu Zhi glanced at Li Jiacheng, who was expressionless next to him, and had already guessed that this game must be related to him, although many business tycoons have already seen the problem with Huang stocks some time ago, but they know it, but how much the two of them cashed out, no one knows, Wei Li is now on the board of directors This trick, obviously already knows that Xu Zhi's shares are less than 33.4%, and only the people who really participated in this incident can know so clearly, and even from the beginning, it is Li Jiacheng's layout.

Under normal circumstances, owning 30% of a company's shares is enough to control the company, but Xu Zhi has just joined the company, and all the management and even the board of directors do not have his people, this is the weakest time for major shareholders, as long as they survive this period of time and cultivate their own people, the company can easily take over.

"Which consortium is requesting a share increase this time?" Xu Zhi asked rhetorically.

Wei Li smiled: "This time I contacted Australia's Xinong Group, Xinong Group is willing to invest 1 billion Hong Kong dollars in our Hutchison, according to our current stock price of 8 Hong Kong dollars to increase the capital by 125 million shares, Xu Sheng also mentioned equity financing last time, but the current stock in your hand should be close to 50%, refinancing will trigger the acquisition offer."

And Xinong Group is one of the largest retail enterprises in Australia, once it becomes a shareholder of our company, Hutchisons's retail business can use Xinong's channels to gradually internationalize, and our transportation business can also obtain a large number of orders from Xinong Group, this is a transaction that has the best of both worlds, Xu Sheng, you are the majority shareholder of our company, I don't know what to do?"

"HK$1 billion, a lot of money. Xu Zhi smiled casually, at present, because of the end of the acquisition, Hutchison's share price has fallen to around 8 Hong Kong dollars, and the market value of the entire company is only about 3.2 billion Hong Kong dollars.

Xu Zhi glanced at everyone present, this kind of major event did not ask any questions, which already showed that this incident had been planned a long time ago, but he didn't expect that Wei Li would be able to contact such a large overseas consortium that was willing to invest.

"Xu Sheng?" Wei Li reminded with a smile in his eyes.

Xu Zhi thought for a while and smiled: "In principle, I agree to increase the capital, but the current share price of Hutchison is not stable, if the current stock price is used to increase the capital, it is obviously not fair to many shareholders, I suggest that it is not as good as the average stock price of the previous month to increase the capital, so it is reasonable!"

Wei Li said: "Xu Sheng, it's not right for you to do this, some time ago, Huang's stock fluctuated too much, what is the reason you know better than us, it is not reasonable to increase capital at that price." ”

Xu Zhidao: "Okay, since you can't follow the stock price, if I'm not mistaken, Wei Li, I remember that you publicly stated two months ago that Hutchison's share price should be 14.4 Hong Kong dollars per share, and if it is calculated at this price, I can accept it." ”

"......" Wei Li was speechless all of a sudden, he did say this sentence, at that time HSBC had just sold Hutchison's shares to Li Jiacheng, and he said this casually when asked by a reporter.

A director suddenly said: "Xu Sheng, since you are not satisfied with this price, you can use the right of veto, and then we will discuss the new price." ”

Wei Li also reacted and said: "Xu Sheng, the directors here have all agreed to this price, if you don't agree, it is better to come up with an official certificate, and our board of directors can also go through the next step?"

Xu Zhi thought for a while and said: "I don't think there is a need for this capital increase, I also have a plan here, since you all think that 8 Hong Kong dollars a share is reasonable, then I will privatize the entire Hutchison with 8.5 Hong Kong dollars a share, what do you think?"

"What?" everyone was taken aback, and even Li Jiacheng, who had not spoken, turned his head in surprise.

Wei Li was also a little surprised, frowned and asked, "Xu Sheng is serious?"

Xu Zhi nodded and said, "Of course." ”

Wei Li said: "Even if the price of fully privatized Hutchison is at the price you said, Xu Sheng will have to contribute at least 2 billion Hong Kong dollars, can Xu Sheng be sure?"

Xu Zhi said with a smile: "Don't worry, as long as you pass this proposal, I will naturally show evidence that I have 2 billion Hong Kong dollars before the shareholders' meeting." ”

"No, I'm against it. Another director said, "The price is still too low." ”

Xu Zhi asked rhetorically: "The financing proposed by Wei Li before was only 8 Hong Kong dollars per share, why didn't you say it was low?"

"It's different, one is financing and the other is a full acquisition," the director said. ”

"Alright. Xu Zhi interrupted the man and said, "According to the company law of Hong Kong, when the board of directors receives a request for a general acquisition, it must report to the general meeting of shareholders, which has priority over financing.

What I mean is very simple, if the status quo is maintained, I will be happy to accept it, but if you insist on raising capital by increasing your shares, then I will also propose a full acquisition to the shareholders' meeting. ”

Xu Zhi glanced at Li Jiacheng and said: "This time, no one should rush to buy it with me again! As for the proof of 2 billion funds, I will hand it over to the board of directors soon!"

Wei Li was silent for a while, and said: "Xu Shengke has to think clearly, 2 billion Hong Kong dollars is not a small amount. ”

"Don't worry about it, I know my proposal is a bit abrupt today, and you don't need to give me an answer right away, just think about it slowly. After speaking, Xu Zhi greeted Wang Liming and left the conference room together.

......

"Xu Sheng, do you really want to fully acquire Hehuang?" the two quietly walked to the car and sat down, and Wang Liming asked.

"Of course not, it's just a buffer. Xu Zhi smiled: "Actually, although Wei Li's move today was beyond my expectations, I am very happy!"

Wang Liming asked, "What does Xu Sheng mean?"

Xu Zhidao: "Although I have become a major shareholder of Hutchison, I have always had a headache since the acquisition, it is easy to acquire enough controlling shares, as long as you have money, how can I successfully take over the management of Hutchison?"

Wei Li's people have already controlled every business of Hutchison, if there is not enough reason, directly abolish him, I am afraid that it will cause turmoil in the entire management of Hutchison, and the Chinese capital into Hutchison has already made these British people very worried, if I do this directly, even if this group of people is forced to do no action for the time being, they will try their best to find a way back in the future, which is not beneficial to the development of Hutchison.

Once a company with tens of thousands of people like Hutchison is panicked, there will inevitably be big problems, but now that Wei Li actually handed the knife and neck himself, of course it was too late for me to be happy. ”

was already a major shareholder before HSBC sold Hutchison shares, and Wei Li repeatedly refused to give Shen Bi face, intending to weaken HSBC's influence in Hutchison, but even if Shen Bi was unhappy, considering the overall situation, he did not directly abolish Wei Li's Taipan position, but gave the shares to Li Jiacheng to deal with him.

In the original history, Li Jiacheng obtained 22.65% of Hutchison's shares in 79, but a year later at the end of 80 years, he had already obtained more than 40% of the shares, although in 81, Wei Li resigned and left, but also because he didn't want to waste his time in the Hutchison company, so he decided to go out and start a business.

The follow-up management is the former second-in-command, and after becoming a senior class, he still comprehensively suppresses the Chinese management, intending to be independent and Hutchison.

In the case of having a controlling stake, it still took Li Jiacheng nearly three years to become the owner of Hutchison in the real sense, and the fundamental reason is to stabilize this large enterprise with tens of thousands of employees, once the management is chaotic, the entire enterprise will collapse at any time.

Wang Liming also understood, and said: "Now that Wei Li has openly proposed financing to dilute our shares on the board of directors, this gives us a reason to move him, at least after we make a move, we also have a decent reason." ”

Xu Zhidao: "Yes, coupled with our internal layout in Hutchison, after abolishing Wei Li, there will be no major problems with Hutchison in the short term." ”

Even if he is like Li Jiacheng, he has a large number of top talents, but talents are also people, and it takes time to become familiar with the business, even if Wei Li happily cooperates and directly asks the British-funded team to teach him hands-on, it will take at least a few years for the new team to be completely familiar with the business of a large company like Hutchison.

To a certain extent, unless the target company is ready to be dismantled and sold, just to make a profit, the middle and senior management must not move, and if you want to completely control the company, you have to remove the head of these people, but there must be an open and honest reason to reassure other managers, at least on the surface.

Historically, the mergers and acquisitions of the world's top 500 companies have basically been peaceful mergers, and it took several years or even longer to completely integrate, and Hutchison is currently one of the few Fortune 500 companies in Xiangjiang!

Wang Liming said: "But this person can't be fully believed, he and Wei Li are the same people." ”

Xu Zhi nodded and said: "Don't worry, I know in my heart, it's just mutual use, you ask him out, come to my office tomorrow, there are some things I have to ask again, otherwise I don't know if there are other variables on Wei Li's side." ”

Wang Liming nodded and replied, "Okay, I'll go immediately." ”

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