Chapter 4: Sniping
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Looking at the first few pages of the article, Qi Lianshan thought that Liang Yuan wanted to form a first-class local media in Hong Kong.
The first page of the article is very normal, Liang Yuan plans to acquire the "Victoria Bay Area Daily", the original main business of the newspaper Asian economy, stock market analysis, local stock commentary and other aspects of the content will continue to be strengthened, in addition, the newspaper will also add Hong Kong Island news, entertainment, current affairs and other three aspects.
When the organizational structure of the new enterprise was described and the purpose of establishing the new enterprise in Hong Kong was turned to, Qi Lianshan was really shocked.
Sniping on Hong Kong, shorting Jardine Matheson, suppressing the stock market, and buying land.
Liang Yuan wrote the purpose of establishing a media enterprise very concisely and straightforwardly.
It has been two years since Qi Lianshan moved his family to Hong Kong, and in the first three years, he has a very good understanding of Hong Kong's local enterprises and wealthy business circles.
In the early years, Hong Kong was completely under the world of the four British-funded foreign firms, Jardine Matheson, Swire, Hutchison Whampoa, and Wheelock, in addition to the public land reserved by the Hong Kong government, these four foreign firms controlled more than 8o% of Hong Kong's open land, and controlled Hong Kong's electricity, gas, ground transportation, maritime shipping, air flights, food supply, commercial retail, medical care, finance, and so on.
Although since the 70s, with the rise of Chinese conglomerates such as Pao Yugang, Li Ren, and Fok Ying-tung, and the incessant infighting between the four major British-funded banks, Hutchison Whampoa and Wheelock among the four major foreign companies have been taken into the arms of Li Ka-shing and Pao Yugang respectively, and Hong Kong's economy is no longer dominated by British capital.
However, before the relocation of the Jardine Matheson family in the mid-80s, British-funded enterprises still accounted for more than half of the Hong Kong economy, and the assets of the Jardine family alone were enough to overshadow the two alliances of Hutchison Whampoa and Wheelock that were acquired by Lee and Bao.
The predecessor of Jardine Matheson can be traced back to the time of the East India Company, and in the official history of Jardine Matheson, Jardine Matheson was founded in 1832 in Guangzhou, China, by Scottish-British William Jardine and James Madson.
At that time, China was in the Manchu Qing Dynasty, and after the establishment of Jardine Matheson, it participated in the opium trade with China. When the national hero Lin Zexu imposed a ban on smoking in 1839, William Jardine, the founder of Jardine Matheson, personally lobbied the British government in London to wage war against the Manchus, and also advocated the acquisition of Hong Kong as a trading base from the Qing Dynasty.
It can be said that Jardine Matheson played a pivotal role in the preservation and exhibition of Hong Kong in the early years, and was known as "before Hong Kong, there was Jardine Matheson".
Until 1872, under pressure from the international community. In addition to the trade of tea, raw silk, textiles, flour, etc., Jardine Matheson began to invest in the construction of railways, dockyards, various factories, mining, shipping, banking and other industries in China and Hong Kong, and began the group's diversification.
In 1876, Jardine Matheson built China's first railway, the Wusong Railway, and installed China's first elevator and introduced various machinery and industrial equipment. 1912 year. Jardine Matheson officially set up the headquarters of the entire group in Wusong, and at this time Jardine Matheson had become the largest British-funded consortium in the Far East.
After the establishment of the Republic, most of the assets and businesses of Jardine Matheson in China were nationalized. In 1954, following a wave of public-private partnerships in the Republic, Jardine Matheson moved its headquarters back to Hong Kong.
In 1961, it took less than 15 years for Jardine Matheson's related enterprises to be listed in Hong Kong. Jardine Matheson has seven or eight listed companies in Hong Kong, and the listed companies have assets of nearly HK$70 billion.
In the 80s, with the signing of the Sino-British Joint Declaration, the prospect of Hong Kong's return to the motherland became clear, and Jardine Matheson, hostile to the government of the Republic, began to withdraw the assets of its companies from Hong Kong.
In 1984, Jardine Matheson moved its domicile from Hong Kong to Bermuda in preparation for the relocation of the listing of the Group and its subsidiaries from Hong Kong to Singapore or London.
Arguably. If there is no Jardine Matheson company to withdraw from Hong Kong to make room for exhibition, the time and cost of the rise of the richest Chinese man in later generations will be greatly increased.
Whether in business or at war, any retreat is generally accompanied by costs and losses, and although Jardine Matheson divested in Hong Kong at a firm pace, it was also heavily damaged by the excessive size of assets and the regular fluctuations of the economic cycle.
Before Leung was thrown into the world, during the global economic downturn in the early 80s, Jardine Matheson sold two of its listed companies, Hongkong Electric and China Gas, to Lee and Lee Shau Kee respectively to improve the cash flow of the entire group.
After the sale of its electricity and gas businesses, Jardine Matheson's operations on Hong Kong Island include Gammon Construction, Hong Kong Air Cargo Terminals, Jardine Airport Services, Hong Kong Container Terminals, Wellcome Markets, 7-Eleven, Maxim's Restaurants, Jardine Pacific Insurance, Investment Banking, etc., with nearly 100,000 employees.
At present, after the slimming of Jardine Matheson, there are also a number of listed companies such as Hongkong Land, Dairy Farm Company, Mandarin Oriental Hotel, Jardine Strategy, Jardine Holdings, etc., and the market value of the group enterprises exceeds 5oo00 million Hong Kong dollars. It is still the top conglomerate in Hong Kong.
More than 5oo million Hong Kong dollars are exchanged for more than 6.5 billion US dollars, not counting Jardine Matheson's enterprises in the United Kingdom, the United States, Southeast Asia and other places, and the asset of Jardine Matheson on Hong Kong Island alone is not something that Yuanjia can shake at this time.
Since cmB Aerospace's capital injection was phased, Liang Yuan embezzled Shangri-La Electric's overseas sales proceeds with the first US$150 million registered capital. As a result, Liang Yuan has $600 million in funds at hand, and Yuanjia itself has no potential to raise cash.
In Qi Lianshan's view, using $600 million to acquire at least $6.5 billion in assets is no longer something that a snake swallowing elephant can describe, and no one except Liang Yuan can come up with such a similar crazy idea.
"Ten years ago, Li Ka-shing, known as the first person to do business in Hong Kong, led Cheung Kong Asset, which has a market value of HK$1.1 billion, to acquire Hutchison Whampoa, which has a market value of HK$6 billion. Qi Lianshan paused
"In the case of Hutchison Whampoa taking the initiative to cooperate with no one to fight back, Cheung Kong did not completely complete the integration until three years ago, if Dashao wants to acquire Jardine Matheson, it will be several times more difficult than Cheung Kong Industrial's acquisition of Hutchison, unless Dashao can control Jardine Matheson, otherwise the Kaiser family that now controls Jardine will fight back desperately. ”
A year ago, Li Ka-shing and CITIC Group's Jia Xiaosheng, plus the Hong Kong Zheng brothers used 7 billion Hong Kong dollars to take advantage of the stock market crash to jointly acquire Hong Kong Land, but were repelled by the Kaiser family, and finally the two sides signed a seven-year armistice agreement. Qi Lianshan said incomparably.
ps: The network is broken, uploaded by the Internet café, and Ming'er repairs it and removes it.