Chapter 90: The Wheel of History (11)
Jardine Matheson has been operating in Hong Kong for more than 100 years, and in the 60s and 70s, Hong Kong accounted for more than two-thirds of the total revenue of the entire Jardine Matheson Group.
Since the resignation of Niu Bijian and the implementation of the plan to evacuate Hong Kong Island, with the sale of a large number of industries, the reserve cash in the hands of Jardine Matheson has increased significantly, and the original Li Chaoren and Jardine Matheson signed the alliance under the city In addition to the factors of HSBC, the large amount of cash in the hands of Jardine Matheson is also an important scruple of Li.
Although the current fulcrum of Jardine Matheson on Hong Kong Island, the stock price of Hongkong Land is in turmoil, it does not mean that Jardine Matheson does not have the ability and funds to rescue the market, and even does not need HSBC to take action, as long as Jardine Matheson abandons its large-scale refining project in operation in Singapore and suspends the pace of strategic restructuring of Jardine Matheson Group, then saving Hongkong Land is just a snap.
This is also an important reason why Liang Yuan is reluctant to forcibly acquire Jardine Matheson's enterprises in Hong Kong.
The 80s was the era of Singapore's economic rise, South Korea, Taiwan, Singapore, and Hong Kong were known as the four economic tigers in Asia, unlike Taiwan, Hong Kong, and the Republic of China, which were deeply involved, and South Korea and North Korea faced off from each other, and Singapore, which was located in the Straits of Malacca, had almost no external threats or political changes.
Its surrounding Indonesia, Malaysia, the Philippines and Thailand were also thriving before the Asian financial crisis, and were praised as the four tigers after the Asian economic tigers.
Through the sale of a series of enterprises such as Wharf, Hong Kong Electric, China Gas, Hong Kong Telephone, and Dadong Telegraph, Jardine Matheson has transferred billions of dollars of wealth from Hong Kong.
However, the billions of dollars of investment are no longer what Jardine Matheson can accommodate in Southeast Asia's traditional channels such as sugar planting, department store retail, and brand agency, except for tentative entry into the US real estate market and shipbuilding. Entering the petrochemical industry has become a new choice for Jardine Matheson.
After all, for a large-scale petroleum refining project, it is extremely easy to accommodate tens of billions of dollars.
At this time, Jardine Matheson was negotiating with the Singapore government to build a super-large petrochemical park in Singapore based on the geographical advantages of the Strait of Malacca, with an estimated investment of more than US$6 billion.
Although Singapore implements an open and competitive market system, the Singapore Refining Company and Singapore Chemical Group, which were established in the 70s, have grown into a large petrochemical group that radiates the entire Southeast Asian region.
Beginning in the mid-80s, Jardine Matheson held a series of talks with Temasek Group on the market position of the newly established large refining and chemical companies in Singapore.
The other two shareholders of the Singapore refining company, BP Oil of the United Kingdom and Mobil Oil of the United States, are very resistant to Jardine Matheson's cross-industry entry into the petrochemical sector. However, as the Singapore government is committed to making Singapore a world-class petroleum refining hub, the negotiations have been stumbling forward.
In fact, even without Liang Yuan's involvement, after more than six years of arduous negotiations, Jardine Matheson has not been able to straighten out the relationship with BP Oil in the United Kingdom, Mobil Oil in the United States, and the Singapore government.
Eventually, Jardine Matheson chose to invest the money in Japan, buying a 5 percent stake in Toyota after the country's economic bubble burst in the early nineties.
Now, history has turned a small corner, and another choice of corporate strategic restructuring direction is placed in front of Jardine.
In September, the weather in Hong Kong is still hot. There is not a trace of autumn that can already be felt in the north of the Republic.
Standing in his office on the 52nd floor of Jardine House, in the hazy Victoria Bay and the dark green Star Ferry looming in the mist, Simon Kaiser stared at the bay in the distance for a long time.
Just forty-eight hours ago, Kaisaker learned the explosive news from the familiar shareholders of Jardine Matheson, his old rival in the race for the chairmanship of Jardine Matheson, who had been swept out of the house by Jardine Matheson, had made a takeover offer based on the current stock price for a group of middle-class shareholders who controlled more than 3% of the shares of Jardine Matheson and Hongkong Land.
When he first received the news, Kaisark thought that Niu Bijian was crazy. It was during the years back in England that I was blown out by the wind of freedom from the Scottish Highlands.
For retail investors, especially those who use capital leverage to invest in stocks. However, for the large and medium-sized shareholders who have held the shares of the company for a long time, the performance statement of the company for several consecutive years is the decisive content, and the stock price rise and fall formed by the short-term stock market crash has no impact on the entity operation at all, and can be completely ignored.
Of course. The so-called bailout is nothing more than an expression of the predator's sympathy, which is basically equivalent to the tears of a crocodile.
In the current stock market crash that has swept Hong Kong, except for those retail fools who are ill-informed and have a straightforward IQ that believe that the republic will disintegrate in a short period of time, no Jardine Matheson shareholders believe that the current share price of Jardine Matheson Land has been cut by more than half is within a reasonable range, which can accurately express the actual value of the company.
It can be said that NBIC's offer to medium-sized shareholders based on the current share price is simply flouting the intelligence of the acquiree.
It is a pity that the stupidity of the old opponent only lasted less than thirty-six hours for Caesar's pleasure. Just one day later, Kaisark received a shocking news that the so-called takeover offer did not use direct capital acquisition, but adopted a more roundabout means of share exchange.
That's the original stock of Deutsche Telekom, ah.......
Even ten hours later, Caesar still felt the blood flow quietly increase when he recalled the news.
For an old fritter who has been rolling in the mall all his life, the original stock is simply synonymous with windfall profits, and its appearance is basically several times or even more than ten times the investment profit, of course, the premise is that the original stock must be qualified for listing.
So, will it be difficult for a super company that monopolizes an entire industry in the third largest economy on the planet to obtain the qualification to be listed on the capital market?
Caesar couldn't think of any other answer than to chase it.
When did Niu Bijian hook up with those Nordic turtles with gears in their heads?
How could such a good thing, which would be enough to break the head in the Federal Republic of Germany, fall to outsiders?
And most importantly, why don't you come to me?" thought to Caesark indignantly. (To be continued......)
PS: Silently updated, afraid to speak.