Previously, the Kadoorie family needed to raise a total of 10 billion because it triggered a comprehensive acquisition of the Grand Hotel Group. Their assets can be divided into three main parts: the equity of CLP Power China, the equity of Grand Hotel Group, and property and other investments.

The majority of this is naturally the stake of CLP Power, which now has a total market value of about HK$30 billion. The Kadoorie family holds a 30% stake, which is a market value of 9 billion.

The mortgage interest rate of Hong Kong banks for equity pledges is usually not more than 6%. In other words, the Kadoorie family mortgaged all the shares of CLP to the bank, and they could exchange it for up to 5.5 billion in cash.

This is still 4.5 billion yuan short of the overall fundraising goal of 10 billion yuan! And even if the Kadoorie family's property and other investments can be exchanged for 2 billion yuan in cash after being mortgaged to the bank, there is still a gap of 2.5 billion yuan.

And the remaining part of the shortfall, which needs to be mortgaged to the bank by the hotel group. Because the Kadoorie family is a full-fledged takeover of the hotel group, it can pre-pledge the entire hotel group to the bank.

Of course, the market value cannot be calculated according to the premium given by the Kadoorie family, but according to the total market value of 8 billion before the outbreak of the takeover war. In other words, the Kadoorie family used the entire hotel group as collateral, and was able to exchange almost 5 billion funds from the bank.

After deducting the 2.5 billion shortfall required to complete the acquisition, the remaining funds they can use are only 2.5 billion Hong Kong dollars!

If the Kadoorie family wants to retain control of CLP, it will definitely increase its stake to more than 50%. Putting aside the question of whether a full acquisition will be triggered later, he now only holds 30% of the shares, and the remaining 20% of the shares, even if it is not at a premium, only at the market price for acquisition, it will require at least 6 billion funds.

This is still the best situation to estimate the Kadoorie family's financial chain. In fact, under the pressure of Li Xuan, the second shareholder, CLP has been issuing new shares in recent years to raise the funds needed to expand power generation capacity.

In order to ensure that its shareholding is not diluted, the Kadoorie family can only continue to increase its holdings of new shares in proportion to it. This requires a large amount of capital, so the Kadoorie family chose to mortgage part of the equity to the bank to raise funds.

Of the 30% of the shares they hold in CLP, only about 20% are not pledged. In other words, the actual capital chain of the Kadoorie family is much tighter than previously estimated. The remaining funds they have at their disposal are not 2.5 billion, but only a few hundred million at most.

On the other hand, Li Ka-shing made sufficient preparations before making a move, and the two listed companies in his hands, Cheung Kong and Hutchison Whampoa, could bring him sufficient bank credit.

What's more, the 14.5% of CLP shares transferred to him by Li Xuan did not require him to pay immediately, but could wait until the capital arrangement was more generous before settling it.

Therefore, with such a huge disparity in the financial strength of the two sides, there is no suspense about who China Power will eventually fall into.

Unless the Kadoorie family can get a huge amount of unsecured credit from the bank, this is not a problem that can be solved by one or two hundred million, but at least five billion Hong Kong dollars.

What bank would dare to give such a huge endorsement to the Kadoorie family at the expense of huge risks?

Li Xuan wished that HSBC's Pu Weishi could be dizzy at this time and come out to be a savior.

Previously, Hong Kong public opinion has described the acquisition battle of CLP between Li Ka-shing and Kadoorie as another epic showdown between Huaying Capital after Li Xuan and Jardine Matheson Group competed for Hongkong Land!

If HSBC chooses to fully support the Kadoorie family at this juncture, Li Xuan will just take the opportunity to dirty the other party's hand, and first put the hat of malicious suppression of Chinese capital on HSBC's head!

You must know that Li Jiacheng is also one of the important customers of HSBC, even if HSBC can't completely achieve a bowl of water at this time, it can't be biased and reasonable!

It's a pity that Pvis and HSBC are very clear-headed and know what choice they should make!

Therefore, the dragon and tiger struggle that public opinion had expected was not staged, but instead it was a shocking crushing massacre! The Kadoorie family hardly resisted, and watched as the CLP Company, which had been developed by its own family, finally fell into the hands of Li Jiacheng.

It is estimated that even Li Jiacheng himself can't believe that he will win so easily, but the facts are in front of him. The whole Hong Kong was in an uproar, and this is exactly what Li Xuan wants to achieve!

The 150-year colonial rule of Britain in Hong Kong has made most Hong Kong people subconsciously regard themselves as second-class citizens. In fact, since the end of the 70s, the proportion of Chinese capital in Hong Kong's economy has gradually caught up with and surpassed that of British capital.

Wharf, Hutchison Whampoa, Wheelock, these long-established British-owned foreign firms were controlled by Chinese capital one after another. But it wasn't until Li Xuan forcibly wrested Hongkong Land from Jardine Matheson that Hong Kong realized that its power was already so strong!

However, Li Xuan is an outlier in the hearts of most Hong Kong people, and it only took a few years to become the richest man in the world. Such an astonishing growth rate of wealth is unprecedented in Hong Kong, even in the world!

In contrast, Li Ka-shing, who started from scratch in the 50s, is the most outstanding representative of the new generation of Chinese entrepreneurs who rose to prominence after the war in Hong Kong.

Different from the pre-war Chinese comprador capitalists, Li Jiacheng's generation of tycoons is a blue thread, relying on the spirit of hard work and hard work, he made a fortune step by step, and can even arouse the citizens of ordinary Hong Kong people!

Li Ka-shing's opponent this time, the Kadoorie family, is now the number one British-owned chaebol in Hong Kong after the gradual weakening of the Jardine Matheson Group. The showdown between Li Ka Shing and Kadoorie is a veritable representation of the competition between Hong Kong's top Chinese and British investors!

Now, since Li Jiacheng can bring Kadoorie off the horse, can the Chinese tycoons in Hong Kong, such as Bao Yugang, Huo Yingdong, Guo Desheng, Zheng Yutong, and Li Zhaoji, who are of the same generation as him, also be able to wrestle with Swire Group's Shi Waiya?

It can be said that the shock caused by the CLP battle in Hong Kong is even more far-reaching than Li Xuan's acquisition of Hongkong Land a few years ago. The impact of Li Xuan's actions at the beginning was more to establish his and the special status of the Oriental Bloc in Hong Kong.

And this time is different, Li Jiacheng's hearty victory has caused various ripples in the entire Chinese capital circle.

Soon, someone really set their sights on Shi Huaiya of the Swire Group, trying to persuade Li Xuan to simply stop doing nothing, and overturn the second largest British-funded chaebol in Hong Kong after Kadoorie to the ground, and then stomp on it a few more times.

"Mr. Cao, I would be very willing to buy Cathay Pacific, but since his listing in 1986, Swire Group's shareholding in Cathay Pacific has never been less than 50%.

As you know, Cathay Pacific contributes nearly half of the profits of the entire Swire Group, and there is no way that Swiath will sell this golden chicken that can only lay golden eggs to others!

To tell the truth, Dragonair has come to this point, although it cannot escape from the deliberate suppression of the Hong Kong authorities, but you are also to blame for the mistakes in your own development positioning!"

Cao Guangbiao is a well-known "textile tycoon" in Hong Kong and the world's largest sweater manufacturer. In the initial stage of Hong Kong's post-war industry, the textile industry played a very important role.

However, with the entry into force of the International Textile Trade Agreement (ITAT) in 1974, Hong Kong's textile exports were subject to quota restrictions. In the 80s, the cost of labour in Hong Kong began to soar, especially in the labour-intensive textile industry.

Textile tycoons have begun to break through, some move factories to the north, and some choose to change careers. Among them, there are many very successful examples of transformation, such as Lin Baixin and Chen Tinghua have become famous real estate tycoons in Hong Kong and Kowloon, and their family assets have increased several times.

If there is a green cloud, it is natural that the luck is not good, and the most typical failure case is Cao Guangbiao. At that time, he did not choose to enter the real estate industry, but envied Cathay Pacific, which made a lot of money, so he established Dragonair, wanting to get a piece of the aviation industry!