A series of practices by the charter king to sell the Wharf shares held by the family to Longfeng International have reduced the financial burden of individuals and is conducive to retaining strength and maneuvering with land, which is a clever move to attack and retreat.

The situation has developed to the present, and it is approaching the stage of showdown between the two sides, at this time, Hongkong Land is in a dilemma, before Hongkong Land has increased the shareholding of Wharf several times, but after a series of operations by the charter king, it still maintains the status of the majority shareholder of Wharf.

In the foreseeable future, it is possible that Charter King will continue to increase its holdings in Wharf and ask to participate in the management of Wharf.

Niu Bijian is also in a dilemma at this time, if Hongkong Land wants to fight to the end, he is afraid that he will not be able to do it, after all, in order to increase his holdings of Wharf's shares, he has sold the shares of some high-quality companies, as well as the Golden Gate Building.

However, now that Wharf's share price has risen to HK$67 per share, it will take at least HK$700 million to increase its holdings in the charter ship. Borrowing from banks will have a negative impact on Hongkong Land's financial position due to the high interest rates (prime rate of 14%), the high cost of borrowing from banks, and the weekly interest rate of Wharf being only 1.8%.

If they wanted to raise funds through the issuance of new shares, they were worried that they would repeat the mistakes of Wharf, resulting in a low share price, which made the Chinese tycoons turn to the idea of Jardine Matheson and Land.

It was in this dilemma that Niu Bijian, in order to break the deadlock, took the initiative to meet with the charter king, hoping that the two sides could resolve the matter peacefully.

For this reason, Niu Bijian can even send out many properties with excellent locations under the name of Hongkong Land, but in the end, there is a gap with the expectations of the charter king, and the two sides officially collapsed.

June 20, 1980!

At 3 p.m. on the same day, Hongkong Land's senior management met with the press and announced Hongkong Land's proposal to purchase additional shares of Wharf.

Hongkong Land's Executive Director and General Manager Bao Fuda announced that Hongkong Land will purchase Wharf shares at a price worth HK$100 per share by consolidating 'two new shares plus HK$76.6 per week of 10% bonds', with an estimated purchase of 31 million additional shares, increasing Hongkong Land's shareholding in Wharf from 20% to 49%.

Bao Fuda stressed that the share swap was an 'additional purchase' rather than an acquisition or merger with Wharf, and the reason why Hongkong Land chose this moment to propose additional shares of Wharf was mainly based on the company's good financial position, and the target of the additional purchase was 49%, which was also to avoid triggering the general acquisition point of the Heung Kong Takeovers and Mergers Code, since it was not a majority, there was no need to propose to other shareholders on the same terms, and on the other hand, Wharf was doing well and had no intention of changing the structure of the board of directors and its management.

On the same day, the listing of Wharf shares on the four stock exchanges in Hong Kong was suspended, and the Hong Kong Securities Supervision Office also held a meeting to study the incident of Hongkong Land's purchase of Wharf, but did not disclose the content and results of the meeting, only saying that the meeting would continue the next day.

Wu Guangzheng, the son-in-law of the charter ship king, learned the news of Hongkong Land's additional purchase that morning, and it was Niu Bijian, who was also the chairman of Wharf, who informed Wu Guangzheng at that time, and asked Wu Guangzheng to convey the news to the charter ship king, who was holding a meeting in Europe.

In fact, Niu Bijian had already known the itinerary of the charter king, because at the annual meeting held in Wharf a few days ago, Niu Bijian asked the charter king to inform him of his recent travel plans, and the charter king truthfully introduced his trip to Europe.

Hongkong Land's 'additional purchase' action can be said to have been carefully considered and carefully deployed, and the possible reaction of the charter king is calculated, which is a trick that can be attacked and retreated. The main reasons for this are:

1. Hongkong Land took the lead in taking the initiative and increasing the purchase of the same method as it used in the acquisition of the dairy company.

2: Hongkong Land raised the purchase price to HK$100, in other words, it forced the charter king to propose to purchase the Wharf at a cash price of HK$100 per share. At the beginning, Hongkong Land's initial holdings of Wharf shares were relatively cheap, about HK$10 per share, and then the share increase was not too late at HK$40 to HK$50 per share, if the purchase failed, the charter ship king proposed to purchase at 100 Hong Kong dollars per share, and Hongkong Land could completely retreat and sell the shares in its hands to the charter ship king through the middle, which could make a lot of profits.

Three: Hongkong chose June 20 (Friday) to announce the plan, is a brilliant trick, at this time Pao Yugang is in Europe to participate in the international independent cruise ship owners meeting, and is ready to meet with the president of Mexico next Monday, during Saturday, Sunday, is a public holiday, it will be quite difficult to raise funds, Hongkong Land this move can be said to be unprepared, hoping to kill the charter king by surprise!

However, Niu Bijian's many means will eventually be a mirror, because Niu Bijian does not know that Rongle and the charter king have reached an alliance, and the combined shares of the Wharf in the hands of the two have exceeded 45%, which means that the charter king only needs to acquire another 4% of the shares, you can reach 49% of the shares, and at that time the Wharf belongs to the charter king.

When the charter king received Wu Guangzheng's call, he called Rong Le as soon as possible, but what made the charter king strange was that the first call did not find Rong Le, because Rong Le did not invest in Rong's, but in Dynasty Securities, and he knew about the charter ship king of Dynasty Securities, but Dynasty Securities was not listed and did not announce its results, so at that time, "Cheng Pao" did not include Dynasty Securities when it counted Rong Le's assets.

At this time, Rong Le was standing next to Rong Weihao, looking at the data on the screen with a somewhat solemn expression, and asked, "Has it been found?"

Rong Weihao's expression was a little nervous, and at the same time there was some excitement: "No, the other party is staring at the stocks of Wharf now, and he doesn't pay attention to these two." ”

Rong Le: "Then continue to operate carefully, now is not the time for them to find out!"

Rong Weihao nodded: "Hmm!"

At this time, the phone of Dynasty Securities also rang: "Rong Shao, take you!"

After Rong Le took the phone, he heard the voice of the charter king: "Ah Le, 105 shares per Wharf Wharf, I want it!"

"Yes!" Rong Le didn't talk nonsense, 105 yuan is already the price of the bulk shares on the stock market that the charter ship king is going to acquire, Rong Le's shares are more right, if Rong Le wants a higher price, I believe that the charter ship king will definitely give it, but this is meaningless.

As a veteran rich man in Xiangjiang, the power of the charter boat king should not be underestimated, and the Chinese businessmen in Xiangjiang are used to holding together, Rongle has no price increase, and the friendship of the charter boat king is suitable for any reason.

And as Rongle's assets become bigger and bigger, he has more and more thoughts in his heart, and he has changed from his rampage alone at the beginning to knowing that sometimes he needs to be evenly interested, and only in this way can he ensure that his business is getting bigger and bigger, and his influence is getting higher and higher!

Of course, business is business, and the more successful the businessman, the more successful the mall, the battlefield is like a battlefield, and the end of his soft-heartedness is often his own failure.

It is with these ideas that Rongle will not ask for a penny more for the charter king, and it is impossible to ask for a penny less!