Chapter 638: Bait

Since the signing of the agreement between China and Britain in 1984, it has been very clear to everyone that the status of the British in Hong Kong is about to be gone forever!

Among them, Jardine Matheson was the most radical, as early as the beginning of 84, it publicly announced that the company's registered place would be changed from Hong Kong to Bermuda. Jardine Matheson's move immediately attracted a large number of companies in Hong Kong to follow suit, and even affected the Sino-British negotiations that were underway at that time.

But even for Jardine Matheson, which is extremely pessimistic about the future, it is not so easy to quickly withdraw from Hong Kong. Because the confidence of the entire Hong Kong market at that time suffered a heavy blow due to the future problem, Hong Kong stocks fell all the way, and the real estate industry had collapsed!

It was not until 86 years later that the Hong Kong market gradually flourished again! At that time, the Jardine Matheson Group's plan was to make a final profit from the Hong Kong stock market and then calmly retreat. As a result, Jardine Matheson Group first lifted the mutual control between its two core enterprises, Jardine Matheson and Hongkong Land.

After clarifying the shareholding structure in this way, it is convenient to split the high-quality assets of Hongkong Land, including Mandarin Oriental Hotel and Dairy Farm, and list them independently!

However, as soon as the first step of Jardine's plan was completed, Li Xuan seized the flaw and took advantage of the situation to snatch the Hongkong Land Company from the hands of Jardine Matheson! Li Xuanhao threw more than 10 billion yuan in cash and directly privatized the Hongkong Land Company without any reason. This kind of tough approach shocked the entire Hong Kong capital circle at that time!

After Jardine Matheson was killed, the major shareholders of Hong Kong-listed companies were all in a hurry, for fear that when they opened their eyes the next day, their companies had been swallowed up by others!

And when Li Xuan's influence on the acquisition of Hongkong Land gradually dissipated, Hong Kong ushered in an unprecedented stock market crash in '87! And Hong Kong's capital market has just recovered a little bit from the "'87 stock market crash," and last year's turbulent situation has once again seriously hit the confidence of many people!

It can be said that in the 80s that have just passed, Hong Kong has always been in a precarious situation, and even if British capital wants to retreat, it has no chance to be too calm! And now that the deadline for Hong Kong's return to China is getting closer and closer, those capitals who are not optimistic about Hong Kong's future will surely become more and more restless!

In another time and space, since the 90s, Hong Kong's property market and stock market have been so seriously bubbled that when the Asian financial crisis popped this balloon, it caused serious damage to the entire Hong Kong society!

Part of the reason for this is that China has accelerated the pace of reform and opening up, and a large number of foreign investors have used Hong Kong as a bridgehead to enter the Chinese market, thus promoting Hong Kong's economic prosperity!

But in addition, to say that the British authorities in Hong Kong and the British capital that were eager to withdraw from Hong Kong did not contribute to the troubles behind the scenes, Li Xuan would definitely not believe it!

If the Hong Kong stock market does not maintain its prosperity, how can the Mandarin Oriental Hotel and Dairy International Company, which are owned by China Land Company, calmly list on the Hong Kong stock market and make a lot of money from Hong Kong investors!

Now, after losing Hongkong Land, the Jardine Group has lost more than half of its essence, which can be said to be yesterday's yellow flower! But Li Xuan is not ready to let other British capital have a better time! This gluttonous feast of hunting is exactly the compensation he has given to other Chinese businessmen who may suffer losses in the real estate business!

The era of British rule in Hong Kong has passed, and the action of hunting down British capital is in itself the best blow to the ruling authority of the British in Hong Kong! When the British authorities in Hong Kong are unable to even safeguard the interests of their own British, how can outsiders believe in their guarantees!

Of course, this time, Li Xuan is not prepared to personally take the lead in the charge as he did when he acquired the Land Company! His main job now is to fire the first shot at the British, so as to dispel the fear of the British that others have unconsciously formed for a long time. With his God of Wealth Lee in the front row to attract the attention of the British, so that others can let go of their psychological baggage!

As for whether other Chinese businessmen and tycoons dare to follow Li Xuan's footsteps and go against the British authorities in Hong Kong together, the most important thing is whether the benefits given by Li Xuan are big enough!

"Uncle Cheng, the gap between HK Electric and CLP under your name has been getting bigger and bigger in the past two years!" Li Xuan looked at Li Jiacheng, who was sitting opposite him, and said with a smile.

For example, the Hong Kong Telephone Company, controlled by Li Xuan, has a monopoly right to the local telephone business in Hong Kong! The Hong Kong Electric Company, a subsidiary of the Cheung Kong Group, is also a franchise company responsible for Hong Kong's electricity business.

However, the Hong Kong government has issued more than one power franchise company, in addition to the Hong Kong Electric Company, which is controlled by Li Jiacheng, there is also the China Power Company. HK Electric is mainly responsible for the electricity supply business on Hong Kong Island, while CLP is responsible for the electricity business on the other side of Victoria Harbour, the Kowloon Peninsula and the New Territories!

After nearly 150 years of development, almost all the development potential of Hong Kong Island has been tapped to the extreme. This has also led to the serious restriction of HK Electric's subsequent development potential!

On the contrary, since the 50s, benefiting from the continuous development of the Kowloon Peninsula and the New Territories, CLP has gradually surpassed its rival HK Electric to become the largest power company in Hong Kong!

"The limited urban volume of Hong Kong Island is an innate obstacle that HK Electric cannot overcome, so I wonder if Li Sheng has any good suggestions?" asked Li Jiacheng quietly. Li Xuan invited him to drink tea with him today, presumably for no reason.

"Since you can't expand yourself, let's buy competitors!" Li Xuan said lightly.

A golden light flashed in Li Jiacheng's eyes, but he was still unmoved: "Li Sheng, you are joking, the market value of CLP is more than 20 billion, and Jia's controlling ratio of this piece of meat has never been less than 30%! Except for Li Sheng, everyone else in Hong Kong wants to forcibly buy it, but they are still unable to catch it!"

The CLP Company has been in the hands of the Jewish-British Kadoorie family for nearly 80 years! The Kadoorie family has been carefully running the CLP Company for three consecutive generations, and this company can be said to be their lifeblood, and there is absolutely no possibility of selling it!

"We have an old saying in China, there is nothing difficult in the world, but I am afraid of people with hearts! I recently heard a news that the Liang family has the intention to fade out of the hotel, and the thirty-percent equity in his hand has been pocketed by Liu Ruanxiong, the 'sniper in the stock market', and will soon launch an attack!" Li Xuan said a big revelation.

The big hotel in Li Xuan's mouth refers to the Hong Kong listed company - Hong Kong Shanghai-Hai Hotel Group. Founded in 1866 by the Kadoorie family, the business was initially operated in Shanghai before moving to Hong Kong in 1949. One of the most well-known hotels in Hong Kong - The Peninsula Hotel, this is its famous brand!

Although the Kadoorie family is the founder of the Grand Hotel Group, due to the later transfer of a large amount of funds to the power business, the Kadoorie family now holds only about 10% of the Grand Hotel Group.

However, in the mid-70s, when Leung Chung Ho, the son of Hong Kong tycoon Leung Cheong, became the largest shareholder of the Grand Hotel Group, he had an agreement with the Kadoorie family not to interfere with the other party's control of the hotel business. Therefore, the outside world still regards the Grand Hotel Group as the property of the Kadoorie family!

Compared with Liang Zhonghao, who has a gentleman's agreement with the Kadoorie family in advance, Liu Ruanxiong, who has only become famous in the Hong Kong stock market in recent years, is by no means a good-natured figure!

His rampage in the Hong Kong stock market is nothing more than selecting listed companies with low shareholdings by major shareholders, and then letting out the rumors that he is ready to make a full acquisition. In order to ensure that they will not lose control of the company, the major shareholder has to raise funds at a high price to carry out a reverse takeover!

And once Liu Ruanxiong feels that he can't do anything, he will take advantage of the opportunity of the major shareholder's repurchase to quickly sell the shares he absorbed at a low price in the early stage, so as to make a big profit!

For every company targeted by Liu Ruanxiong, even if the original major shareholder is not kicked out of the company, he will be slaughtered by Liu Ruanxiong in the struggle for control of the company, thus achieving his prestige in the Hong Kong stock market!

Li Jiacheng naturally knew the origin of Liu Ruanxiong's title of "sniper in the stock market"! Since the other party was eyeing the Grand Hotel Group, it also meant that the Kadoorie family would soon encounter big trouble. In order to compete with Liu Nguyen Hung for control of the Grand Hotel Group, the next focus of the Kadoorie family will definitely be removed from CLP!

If Li Jiacheng wants to buy CLP, this is undoubtedly an excellent opportunity! But he still can't make up his mind immediately, because after all, this is a business involving tens of billions of dollars, and the risks in it make him hesitate!

Li Jiacheng's consistent approach is to make money in harmony, whether it is the acquisition of Hutchison Whampoa or Wharf, he never thought of tearing up his face with his opponent in the past! It is precisely because of this that he originally targeted Wharf earlier than the charter king, and finally chose to give the opportunity to the charter king!

"By the way, I have 14.5% of the shares of CLP in my hands, if Uncle Cheng you are interested in CLP, I don't mind selling this part of the equity to you!" Li Xuan smiled again and threw out a bait.

The Kadoorie family controls about 30% of the shares of CLP, and after Li Jiacheng got the 14.5% stake transferred by Li Xuan, the gap with the other party was only 15%.

Moreover, before Li Jiacheng finally announces his plan, he still has the opportunity to continue to secretly absorb scattered shares in the secondary market. With the right management, he has every chance of narrowing the gap between himself and the Kadoorie family to less than 10%, which greatly increases the likelihood of a successful acquisition.

Thinking of this, even if he has always prided himself on being experienced, he can't bear it anymore at this time! Li Xuan took some of the other party's subtle actions into his eyes, and the smile on his face couldn't help but become even brighter!