"A Deal That Goes Straight to the Sky"!

This is the next day's headline of the Heung Kong media on Cheung Kong's snake swallowing Hutchison shares this time!

The newspaper gave a detailed account of the deal!

Cheung Kong and HSBC reached an agreement to acquire all 90 million ordinary shares of Hutchison at a price of HK$7.1 per share, accounting for about 22.4% of all issued shares of Hutchison.

According to the agreement, Cheung Kong had to pay 20% of the total sale price of HK$639 million immediately, with the remainder deferred for a period of up to two years, but not less than half of the remainder by 24 March 1981.

However, there is another newspaper that has not been reported, that is, the down payment used by Li Chaoren was all approved by Li Chaoren The day before he signed the contract with HSBC, Shen Bi personally approved the loan to Li Chaoren!

As soon as the news broke, the president of Hutchison and their management began to lash out at the deal!

Willy believes that HSBC's selling price is too low, with a total market capitalization of only HK$2.86 billion at HK$7.1 per share, but the value of Hutchison's land in Hung Hom alone has exceeded this figure.

He also pointed out that according to Hutchison's asset revaluation, the net asset value should reach HK$5.8 billion, or HK$14.4 per share, which is double the selling price of HSBC.....

Regarding HSBC's requirement that Cheung Kong only pay 20% of the total selling price, Wei Li said bluntly: "Lee's move is equivalent to using $24 million as a deposit to purchase assets worth more than $1 billion!"

When Rong Le first learned the news, if it weren't for the fact that Shen Bi and Li Chaoren were of the same age and had different skin colors, Rong Le would have thought that Li Chaoren was not Shen Bi's illegitimate child!

However, HSBC was quick to respond to Willy's criticism, saying that the board had no objection to Hutchison management's allegation that the company's net asset value was worth an average of HK$14.4 per share. However, if 90 million shares of common stock are sold at this price, it will not be easy to find a buyer.

The current price of HK$7.1 per share is based on the recent average market value of HK$5.5 per share plus 30% of Hutchison's recent average market capitalization of HK$5.1 per share.

HSBC also said that the sale of Hutchison shares at this time could be used to fulfill the promise to buy shares many years ago, and second, to provide a little more capital reserves for the acquisition of Ocean Millan Bank in the United States......

In fact, no matter who you are, you can be justified in telling lies! If you really want to reserve funds, HSBC will not lend money to Cheung Kong the day before the acquisition!

In another time and space, some people interpreted it as a political factor on the part of HSBC, as Willy later said: "The political factors at that time in Heung Kong were the reason why HSBC decided not to transfer the shares of Hutchison to anyone else, because the bank was happy to see that the company was controlled by Chinese nationals!"

No matter what the reason is, Wei Li's arrogance must also be something that HSBC Shen Bi doesn't like to see!

After the news was revealed, major newspapers commented one after another, describing the move as 'snake swallowing an elephant', 'breaking the earth', 'like dropping a big bomb' and so on!

The Hong Kong Economic Journal commented that this transaction can be regarded as a major victory for Mr. Li Chaoren, the most successful acquisition of Cheung Kong after its listing, and better than the plan to acquire Wharf (using less money, controlling more assets) Mr. Li Chaoren is not only a strongman in the real estate industry, but also a hot figure in the stock market!

Hong Kong Economic Journal is right, after the completion of the acquisition, the market value of Cheung Kong soared from about 800 million Hong Kong dollars to nearly 4 billion in an instant, nearly five times!

In addition to Li Chaoren's benefit, as the second largest shareholder of Cheung Kong Group, Rong Le, naturally also made a lot of money, when he acquired Cheung Kong's share price, Cheung Kong's share price was 6 yuan per share, and later successively acquired 11.7% of Cheung Kong's shares, spending about 70 million Hong Kong dollars!

Now this acquisition has directly benefited Rong Le by more than 400 million Hong Kong dollars! If Rong Le is willing to sell, even if it is a billion yuan, it is estimated that there will be people vying for it now!

Rong Le had always rejected Li Chaoren and told him about his shares in Changjiang Industrial, because the sensation caused by speaking out at that time would not be too big, and it would not be too helpful for the increase in Cheung Kong's stock price, so Rong Le has always refused Li Chaoren's request.

But now it is different, after Cheung Kong acquired 22.4% of the shares of Hutchison, it has become the No.1 among Chinese real estate developers, if it is announced at this time that it owns 11.7% of Cheung Kong's shares, it can not only take advantage of the trend to increase Cheung Kong's stock price, but also enhance its prestige in the Xiangjiang business community!

So Rong Le called Li Chaoren!

"Mr. Li, congratulations, congratulations, you are really generous, this series of operations makes my generation happy and convinced!" Rong Le said with a smile!

After receiving Rong Le's call money, Li Chaoren was extremely happy, but after listening to Rong Le's compliments, he was a little unhappy, although this acquisition seemed to be very smooth, but this was the result after Li Chaoren paid countless preliminary preparations!

But what about Rongle!

But just standing behind Changshi, he easily obtained the fruits of victory, no matter how you look at him, he belongs to lying down to win! Now saying this, Li Chaoren naturally attributed him to the ranks of being cheap and selling well!

"Rong Sheng, let's congratulate each other, right? Rong Sheng called, it wouldn't be just to congratulate me, right?" Just acquired Hutchison, Li Chaoren must have a lot of finishing work to do, so he didn't say hello to Rong Le!

"I am informing Mr. Li that I am going to announce that I own 11.7% of Cheung Kong's shares!" In fact, Rong Le doesn't need to tell Li Chaoren about this matter, but everyone still has to cooperate in the future, in order not to let Li Chaoren think too much, it's better to tell him in advance!

Sure enough, when Li Chaoren heard that Rong Le chose this moment to announce that he was the second largest shareholder of Cheung Kong and owned 11.7% of Cheung Kong's shares, he was also stunned, and at the same time gave birth to some bad ideas!

"Is Rongsheng ready to sell Cheung Kong's shares?" At this time, announcing the shares of Cheung Kong in his hand, Li Chaoren naturally thought that Rong Le was preparing to take advantage of the sharp rise in Cheung Kong's stock price to sell the shares in his hand for cash!

This is not good news for Cheung Kong, you must know that at this time, Cheung Kong has just acquired Hutchison, and it is when those British-funded foreign companies are eyeing it, if they acquire the shares of Cheung Kong in the hands of Rongle at this time, then they will be on fire in their backyard!

"No, no, no!" Rong Le knew that Li Chaoren had misunderstood, and denied it: "I said before, I am very optimistic about Mr. Li's ability, and I am also very optimistic about Cheung Kong, and this time Cheung Kong's acquisition of Hutchison is a proof, so I will continue to hold Cheung Kong's shares!"

Seeing that Rongle refused so simply, Li Chaoren on the other end of the phone smiled, as long as Rongle does not plan to sell the shares of Changshi in his hands, then Rongle announced that he owns the shares of Changshi, then for the stock price of Changshi, it is definitely very good news!

Thinking of this, Li Chaoren's mood became better, but he still reminded Rong Le: "Haha, if Rong Shao is announced, I think you should be very busy recently!" I want to talk about "The Feast of the Wealthy Family of Rebirth in Xiangjiang" with more like-minded people, and pay attention to "Youyue Literature" on WeChat, talk about life, and find a confidant~