The election of Miss Heung Kong is only a matter of concern to the general public, and the real concern of the Heung Kong Consortium is the acquisition battle between Liu Luanxiong and the Grand Hotel Group, as well as the battle between Liu Luanxiong and Wei Li in Chinese Real Estate.

As expected by Rong Lok, the old Kadoorie complained to the Takeovers and Mergers Committee that Liu Luanxiong and Lai Sun Group were 'acting in concert'!

June 9th!

The Takeovers and Mergers Committee held a hearing on the Kadoorie family's complaints, at which Kadoorie pointed out that the two groups had purchased the shares on the same day at the same price and on the same payment terms, and had engaged the same finance company as its advisers.

Kadoorie also produced advertisements published by Lai Sun Group and China Entertainment on the same day against Grand Hotel Group, as well as photos of representatives of the two groups sitting next to each other at the general meeting of shareholders as evidence of the allegation.

Representatives of China Entertainment and Lai Sun Group argued that there was no 'concerted action' on the grounds that there was no co-operation agreement and co-directors between the two parties, and that voting against it together at the general meeting was a coincidence and there was no attempt to act in concert.

On June 10, after a two-day hearing, the Takeovers and Mergers Panel ruled that there was no clear evidence that China Entertainment and Lai Sun Group acted in concert in the acquisition of the shares of Grand Hotel Group, and that there was no need for them to make a full offer offer.

The Kadoorie family's complaint failed, the battle for the hotel group was stalemate, and the Chinese entertainment and Lai Sun group did not need to fully acquire the hotel group, but they could not enter the board of directors of the hotel group, and the Kadoorie family also failed to ensure the control of the hotel group, and the share price of the hotel gradually fell back to the HK$67 level due to the uncertain acquisition situation!

There are four forces in this acquisition war, Liu Luanxiong, Lai Sun Group, Kadoorie family, and Wei Li, among which Liu Luanxiong has to deal with the Kadoorie family, and at the same time beware of Wei Li stumbling behind his back.

The Kadoorie family wants to retain control of the Grand Hotel Group, and at the same time cooperate with Wei Li to fight for control of Chinese Real Estate, in anticipation of the counter-killing of Liu Luanxiong.

Wei Li wants to regain control of Chinese Real Estate and oust Liu Luanxiong from the throne of the largest shareholder of Chinese Real Estate.

Lai Sun Group is following Liu Luanxiong's side to play soy sauce.

Therefore, after the battle for the hotel group reached a stalemate, the Kadoorie family opened another battlefield, seeking cooperation with Wei Li, and secretly acquired the shares of Chinese Real Estate.

The scramble has moved from the front of the curtain to behind the scenes.

And Liu Luanxiong is also passively facing the battle at this time, Chinese Estates Holdings China Entertainment, if Chinese Estates is jointly acquired by the Kadoorie family and Wei Li, then everything he has done before will come to naught.

On July 3, Liu Luanxiong responded to the acquisition of the Kadoorie family, and the three companies issued a joint notice, pointing out that the negotiations referred to on June 29 involved a proposal made by a large hotel, which would result in the sale of the shares of the hotel held by the Aimeico Group, and the proposal was concluded without reaching a negotiation.

Subsequently, I was notified that another proposal was being planned, and if accepted, it could also lead to the sale of the shares of the hotel by Aimeiko Group, but it was believed that it would take several weeks to achieve, because the details of the proposal could not be provided, and the formal proposal was not made in time, so the shares of the three companies resumed trading on July 6!

"Fortunately, Rong Sheng's idea, otherwise the Kadoorie family and Wei Li would have taken advantage of it!" Liu Luanxiong sat in his villa and toasted to Rong Le.

"I don't have any ideas, everyone knows that the proposal of the Grand Hotel Group to acquire China Entertainment is not an ordinary acquisition, the target is actually the shares of the Grand Hotel Group controlled by China Entertainment, according to the law, the Securities Regulatory Commission will not allow such an act to happen!" Rong Le said with a smile.

Originally, according to the laws of Hong Kong Company, the subsidiary cannot hold the shares of the parent company, and if the hotel group acquires China Entertainment, the two parties will have a mother-child relationship, and the law originally allowed a company to hold the shares of the parent company in the future before the acquisition, as long as it is no longer held for a period of time after the completion of the acquisition, there is no conflict, and the original intention of the hotel group is also to place the shares of the hotel group after the acquisition of China Entertainment, this method is feasible, and the Kadoorie family does not have to bear the financial burden to take back the management of the hotelIt's a clever trick.

After Liu Luanxiong learned about the Kadoorie family's plan, he approached Rong Le to discuss countermeasures, and Rong Le reassured Liu Luanxiong, saying that the Securities Regulatory Commission would not agree to the acquisition plan.

If the Kadoorie family wants to use this tactic, it must re-register the hotel group, but according to the status of the Kadoorie family in Hong Kong and its relationship with China, it will not be re-registered.

It is worth mentioning here that Bermuda company law allows a subsidiary to hold shares in the parent company, or even the company itself, as in the case of Jardine Matheson Holdings and Jardine Matheson.

"Anyway, if it weren't for Rongsheng's reminder this time, I wouldn't have thought of this method so quickly!" Liu Luanxiong said seriously.

Rong Le waved his hand and said, "Okay, let's stop talking about these things, let's talk about another thing, what do you think about the Australian Capital Company's purchase of China Entertainment?"

In the notice of the Aimei Gao Department, it said that it had received another suggestion and was in the pipeline, which was that the Australian capital company was preparing to buy Zhonghua Entertainment.

Liu Luanxiong shook his head and said with a smile: "Naturally, I won't agree with them, their purpose is to go public through backdoor, and China Entertainment, I am not ready to sell it to others." At the same time, I got the news that the Australian Capital Company has reached an agreement with the Kadoorie family, if the Australian capital acquires China Entertainment, the Kadoorie family will underwrite the shares of the Grand Hotel Group, if this is the case, wouldn't my efforts during this period of time be in vain for them to make a wedding dress!"

Rong Le nodded and continued to ask, "What about the shares of the Grand Hotel Group, are you going to continue to fight with the Kadoorie family, or are you going to sell them?"

Liu Luanxiong smiled bitterly, obviously he had found that the hotel group was no longer available, "I can't fight anymore, now the Kadoorie family is obviously not ready to give up the hotel group, if it continues, there will be an unstable situation for Chinese real estate and Chinese entertainment, and I am ready to sell it to the Kadoorie family's Baoyuan investment arrangement at a price of 65 Hong Kong dollars per share, a syndicate of Kincross and a wholly-owned subsidiary of HSBC." ”

The syndicate includes Crédit Lyonnais, Hang Seng Bank, Midland Finance, Wanda (HeungKong) Limited, Bank of East Asia and Po Yuen Investment, a large line-up that reflects the Kadoorie family's relationship.

Rong Le looked at Liu Luanxiong's wry smile, knowing that Liu Luanxiong was a little unwilling, and said in an astonishing voice: "Don't sell it to them, sell it to me!"

Liu Luanxiong showed surprise on his face, stood up excitedly, looked at Rong Le, and asked, "Rong Sheng, do you want to acquire the Grand Hotel Group?"

Rong Le shook his head and said: "I don't have the idea of acquiring the hotel group, the management of the hotel by the Kadoorie family is actually very good, I have no interest in taking over the management, I am just optimistic about the management ability of the Kadoorie family, so I think it is not bad to be a shareholder of the hotel group and enjoy dividends every year." ”

Rong Le's stake in the hotel group and his stake in several other major real estate family consortium, in fact, the same thought, although the Kadoorie family in the future of Xiangjiang's prestige, not as high as the four major real estate families, but also the top consortium in Xiangjiang, Rong's investment already has a Dynasty Hotel, although with the help of the hotel group to enhance the scale of the Dynasty Hotel, but now the development of the Dynasty Hotel is going well.

In Rongle's own view, there is no need to wholly acquire Grand Hotel Group and change the original development plan of Dynasty Hotel Group, and as mentioned before, the Kadoorie family not only has a very large influence in Hong Kong, but also in China and the world, and Rongle does not want to be a direct enemy of the Kadoorie family.

Liu Luanxiong has 34.99% of the equity of the hotel group in his hands at this time, which is just a little short of the 35% threshold of the full acquisition.

The simplest point is that the funds in Rongle's hands are not comparable to Liu Luanxiong at all, and the cash in Rongle's hands is a mountain that weighs on the head of the Kadoorie family, as long as they want to control the hotel group, then they must respect Rongle.

This can not only deter the Kadoorie family, but also allow the Kadoorie family to work for themselves and manage the hotel group, and in Rongle's opinion, there is no better thing than this.

Liu Luanxiong at this time on Rong Le's acquisition of the shares of the hotel group, can not have any bad ideas, before this Rong Le for his own acquisition seriously put forward suggestions, but also said that if they need funds, Rong Le can provide, now is just when he is ready to withdraw from the acquisition of the hotel group plan, Rong Le proposed to buy the shares of the hotel group in his hands, which makes Liu Luanxiong not only will not have other ideas, but will be very grateful to Rong Le.

"Haha, if Rongsheng wants to acquire the shares of the Grand Hotel Group, then the price is ......," Liu Luanxiong said with a smile.

"The price can be calculated according to the price of 65 Hong Kong dollars per share you said before, let's still talk about business!" Rong Le interrupted Liu Luanxiong's words, knowing that he wanted to give himself a discount on the original price, but this was not necessary in Rong Le's opinion.

......

After Rong Le reached a verbal agreement with Liu Luanxiong, he personally visited Lao Kadaodao, and the two discussed for a long time, and finally Lao Kadoorie personally sent Rong Le out of the villa, but his expression became extremely complicated!

"Daddy, Rong Le is picking peaches, we have exhausted the arrangements between us and Liu Luanxiong, but in the end it is cheaper Rong Le!"

Old Kadoorie sighed and said, "Even if Rongle wants to pick peaches, what can we do?"

Michael Kadoorie opened his mouth, he didn't know what to say, they really had no choice, after Rongle acquired 34.99% of the shares of the Grand Hotel Group in the hands of Liu Luanxiong, it did not reach the critical point of the wholly-owned acquisition of the Grand Hotel Group, and the means they used to deal with Liu Luanxiong had no way to succeed in Rongle's body.

And Michael Kadoorie also knows that even if Rongle is allowed to wholly acquire the hotel group, Rongle also has the strength and capital, and he has no way to fight it, and in the end he can only watch the hotel group that his family has operated for 80 years give up to others.

"Fortunately, Rongle has reached a gentleman's agreement with us that he will not participate in the management of the Grand Hotel Group, and he has agreed to support your position on the board of directors, which is already very good!" said Old Kadoorie helplessly.

"Who knows if what he said counts!" said Michael Kadoorie reluctantly.

"This can still be seen in companies such as Cheung Kong, Henderson Land, Sun Hung Kai, and New World, and Rongle has indeed not participated in their management after becoming a shareholder, and is relieved to be the second largest shareholder and enjoy dividends!" said Kadoorie Sr.

However, thinking that Rongle will be the largest shareholder of the hotel group in the future, and it is also a shareholder who has no way to do it, old Kadoorie still can't help but sigh.

"By the way, let's hold a meeting of the board of directors of the hotel group and arrange for the representative of Rongle to join the board of directors of the hotel group. ”

Michael Kadoorie was also speechless in the end, this kind of thing is too aggrieved, and in the face of absolute strength, any of their strategies are useless.

Michael Kadoorie did not have any objection to his father's decision, and their father and son knew that their own way of treating Rongle must not be the same as treating Liu Luanxiong and Lai Sun Group, blocking Rong Le from the board of directors, in that case, it would completely anger Rong Le, and the consequence of angering Rong Le was that Rong Le would wholly acquire the Grand Hotel Group, and don't forget that at this time, Lai Sun Group still held nearly 11% of the shares of the Grand Hotel Group.

......

Two days later!

Grand Hotel Group, China Entertainment, Ameco, Rong's Trust and Lai Sun Group jointly held a press conference.

China Entertainment and Ameco announced that they would sell their 25.44% shares and 9% shares of Grand Hotel Group to Rong's Trust at a price of HK$65 per share.

The Grand Hotel Group announced that the Board of Directors of the Grand Hotel Group had accepted the application of Rong's Trust and recruited one representative from each of Rong's Trust and Lai Sun Group to join the Board of Directors of Grand Hotel Group.

The representative of Rong's Trust announced that the Chairman of Rong's Trust, Rong Le, acknowledges the achievements of the Kadoorie family in the Grand Hotel Group and supports the management of the Kadoorie family in the Grand Hotel Group!

Since then, the acquisition war of the Grand Hotel Group has finally come to an end, and Rongle has suddenly emerged and become the biggest beneficiary of it.

Although he did not complete the acquisition of the hotel group, Liu Luanxiong bought the share price of the hotel group at 53 Hong Kong dollars per share, and later acquired some one after another, and the average per share did not reach 54 Hong Kong dollars, which is another successful sniper of Liu Luanxiong!

The Kadoorie family has also not lost, maintaining the status of Liang Zhonghao, and is still the top management of the hotel group, so it can be said that there are no real losers in the end of this acquisition war.

Wei Li was not involved in the real acquisition, so it doesn't count!

When Rongle was nearing the end of the acquisition battle of Grand Hotel Group, the sudden rise of the army became the biggest news in Xiangjiang at this time$article! ", WeChat pays attention to "excellent reading literature", chatting about life, looking for confidants~