Chapter 265: The Opportunity Brought by the Xiangjiang Electric Light

According to the latest news from Hongkong Land, Hongkong Land placed 72 million shares of Jardine Matheson at HK$12.3 per share, cashing out HK$860 million, reducing Hongkong Land's stake in Jardine Matheson from 42.6% to 25.3%. Pen, fun, pavilion www. biquge。 info”

According to the analysis of relevant experts, the reason why Hongkong Land Group made the decision to sell the shares of Jardine Matheson Group was because it was negotiated by the Chinese side and the British side on the issue of Xiangjiang.

As a result, the real estate industry in Heung Kong collapsed, Hongkong Land suffered serious losses, and its financial income fell sharply compared with the previous year. ”

Looking at the latest news broadcast by Asia TV on the TV screen not far away, Mo Xuan knew in his heart that his lack of funds was no longer a problem.

In the news broadcast by Asia TV, both Hongkong Land Group and Jardine Matheson Group are well-known large companies in Xiangjiang.

These two companies have a huge impact on the lives of Xiangjiang people, and it can even be said that many aspects of Xiangjiang people are inseparable from these two giant enterprises in Xiangjiang.

Jardine Matheson, founded in 1832 and headquartered in Jardine Matheson Building in Hong Kong, is a diversified multinational group based in Asia.

The Group's business areas include: financial and insurance services, retail department stores, consumer market development, engineering and construction, machinery manufacturing, automobile trading, transportation services, real estate and catering, etc.

It operates businesses with a leading position in the market and extensive operational experience in the region.

It can even be said that Jardine Matheson Group is a veritable giant in Hong Kong, playing an indispensable role in people's lives.

If it is said that in Xiangjiang, except for the Hong Kong governor appointed by the Queen of England herself, who has the greatest power, the people in Xiangjiang will think of HSBC's class, and the rest is the class of Jardine Matheson Group.

And speaking of which, the reason why Jardine Matheson Group has the power it has today in Xiangjiang is also closely related to the development of Huaguo.

It can even be said that Jardine Matheson Group has sucked the blood of the Chinese people, and has grown day by day, so that it has the status and power in Xiangjiang today.

Jardine Matheson was the first to engage in foreign business, and Jardine Matheson was the most famous old British-owned foreign firm, the largest British-funded consortium in the Far East, engaged in trade with China during the Qing Dynasty.

Jardine Matheson Matheson played a pivotal role in Hong Kong's early years, as it was founded on 1 July 1832 in Guangzhou, China, by two Englishmen of Scottish origin, William Jardine and James Madison.

In its early years, Jardine Matheson was involved in the trade with China, mainly engaged in the trading of opium and tea.

When Lin Zexu imposed a ban on smoking in 1839, William Jardine, the founder of Jardine Matheson, personally lobbied the British government in London to go to war with the Manchus, and also advocated the acquisition of Xiangjiang from the Qing as a trading base.

After 1872, Jardine Matheson gave up the opium trade to China, and after that, Jardine Matheson's investment business gradually diversified, in addition to trade, it also invested in the construction of railways, docks, various factories, mines, shipping, banks and other industries in mainland China and Xiangjiang.

By now, Jardine Matheson has become the largest British consortium in the Far East.

From its development history, it is not difficult to see that it is a company that sucks the blood of Chinese people.

And what Mo Xuan wants to do now is to use the Jardine Group to find a way out for the lack of funds in Yihe Plaza and solve his money shortage.

Speaking of Jardine Matheson Group, the first time it appeared in Mo Xuan's mind was because of Li Jiacheng.

Needless to say, Li Jiacheng's deeds are enough to explain everything when he has been the richest Chinese in the world for 15 consecutive years.

As the richest man in China, Mo Xuan in his previous life often studied Li Jiacheng's fortune experience and glorious deeds.

In his previous life, Mo Xuan also always longed for whether he could get some inspiration from the deeds of the richest man in China.

Let yourself be able to soar one day, and it will not be considered a lifetime.

When it comes to Li Jiacheng's brilliant deeds, we have to mention his legendary experience in Whampoa Hutchison.

In fact, in addition to this, Li Jiacheng has another investment that he is very proud of, and he often mentions it to others decades later.

And the story that makes people talk about is the acquisition of Xiangjiang Electric Light Company at a low price, which has added a very stable golden cow to its business territory.

Heung Kong Electric was the first electricity company in Hong Kong founded by Paul Chater, the "father of the colony", and one of the two power companies in Hong Kong, the other being China Power.

Prior to the establishment of its competitor CLP Power, Heung Kong Electric had been monopolizing the Hong Kong electric lighting market, and its power supply reliability maintained "one of the best records in the world".

Unlike most of the British-funded enterprises that went into decline, in the middle of the 20th century, when Hong Kong's population skyrocketed and industry and commerce prospered, Heung Kong Electric seized the pulse of Hong Kong's economic transformation in time to carry out diversified operations in real estate and engineering, and once ranked among the top ten listed companies in Hong Kong.

In 1982, the chairman of the Jardine Matheson Group, Niu Bijian, launched a large-scale acquisition in Heung Kong, and through its subsidiary, Heung Kong Land Group, acquired 34.9% of the shares of Heung Kong Electric in one fell swoop, becoming the actual controller of Heung Kong Electric Lighting. But this is contrary to the strategic plan of the Keswick family, the majority shareholder of Jardine Mason, to "withdraw from Hong Kong".

The use of a large amount of cash to acquire Heung Kong Electric Light has continuously dragged Heung Kong Land into financial difficulties, which has also greatly weakened the vitality of Jardine Matheson. A year later, the Keswick family took over Jardine Matheson, and the top priority was to divest the distressed assets.

Heung Kong Electric Lighting, which has just been acquired by Jardine Matheson, is among the assets to be divested.

And this gave Mo Xuan a once-in-a-lifetime opportunity, because in Mo Xuan's memory, it was at this time that the famous Li Jiacheng and Li Chaoren in later generations made a move.

In the context of the withdrawal of British-funded enterprises from Hong Kong, investors have withdrawn their funds, and now the asset value of Hong Kong Electric has been seriously undervalued.

However, after nearly 100 years of development, the power supply system of Heung Kong Electric Power has been very complete and mature, which is an absolute high-quality asset, and there is still great room for appreciation in the future.

At the same time, the power plants and distribution stations of Heung Kong Electric are all in advantageous locations, and at the same time have a large number of property units, which is very obvious for Li Jiacheng, who was just involved in the real estate industry at that time.

During the reign of Nguyen Pikin Kin, Li Ka-shing once asked Jardine Matheson to buy Hong Kong Electric Lighting, but the bid was rejected because the bid was too low.

The first thing the Keswick family did when they took over Jardine Matheson was to find Li Ka-shing and discuss the possibility of continuing negotiations.

Li Jiacheng restarted negotiations with Jardine Matheson, but he deliberately lowered the purchase price. After more than a year of bargaining, Heung Kong Land's finances continued to deteriorate, and Jardine Matheson began to lose its breath.