Chapter 321: Li Jiacheng is out

As of today, Mr. Wang Zifan, Chairman of Hong Kong Electric, has acquired more than 7.6% of the shares of Jardine Matheson, and Jardine Matheson has held a board meeting!

"The sniper in the stock market is out of the mountain again, pointing at Jardine!"

"The dealer is scrambling, the stock of Jardine is rising, who will kill the deer!"

"Who is Wang Zifan's real target!"

……

When the spokesman announced the shareholdings, the whole of Hong Kong was detonated, Jardine shares rose 24.5% on the same day, becoming the largest increase in history, but Keswick, the head of Jardine Matheson, was not happy, to be precise, it was very panicked, Jardine shares were robbed, all the circulating shares on the market were bought by market makers and speculators, and the shareholders were out with small profits, and when the stocks held by the market makers reached a certain level, they would not be satisfied with being a shareholder and coveting his chairmanship!

In addition to Jardine Matheson stocks were blocked, Hong Kong Land is not optimistic, blocking Jardine is the consortium centered on Wang Zifan, the consortium headed by Li Jiacheng has bought Hongkong Land stocks on a large scale, and the shot is more ruthless, the shares held together have become the second in Hongkong Land, second only to Keswick, the two core companies have been attacked, a little careless, Jardine will face a catastrophe!

How could Keswick be restrained?

He and Bao Weishi urgently planned countermeasures and arranged an anti-takeover. Pen ~ fun ~ pavilion www.biquge.info

Keswick said: "We should keep Jardine Matheson and withdraw all the funds to increase our stake in Jardine Matheson!"

Bao Weishi shook his head and said, "No, I'm sure that their real target is Hongkong Land!"

Keswick had to remind: "If we lose Land, we will lose nothing, but if we lose Jardine, we will lose everything!"

"You're right!" Bao Weishi thought for a while, and said with a solemn expression: "If we put the battlefield in Jardine Matheson, then we will lose 100% of the land, but choose to take the initiative to start the war on the land, there is hope to win this war, I have studied the Kowloon Jianye resistance war, Wang Zifan is good at attacking the east and the west, and the real target of the Wang consortium is Hongkong Group!"

Keswick forced himself to calm down, because the Iron Lady Thatcher failed in the negotiations, the Hong Kong stock market suffered another heavy blow, and the house leak happened to rain overnight, at this time the Chinese consortium launched a general attack on the Jardine Matheson, Wang Zifan bought Jardine, Li Jiacheng acquired Land, it seems to be a premeditated and organized attack, the two parties have a clear division of labor, and the situation is terrible.

And if Wang Zifan's goal is not Jardine or Land, it seems to be good news for him.

"I don't have any idea right now, what do you say?"

Seeing the boss compromise, Bao Weishi breathed a sigh of relief and said confidently: "We will clear Li Jiacheng from the game now, and then negotiate with Wang Zifan!"

On January 18, Jardine Matheson and Mandarin Oriental, which is controlled by Jardine Vision, issued a joint statement that Mandarin Oriental would issue 10% new shares to Yice at a price of RMB 4.15 per share, increasing the equity of Mandarin Oriental held by Yice from slightly less than 35% to 41%.

As soon as the news was announced, Hongkong Land was in a hurry, which was a blow to the Chinese businessmen, and the shrewd Li Ka-shing also realized the seriousness of the situation.

In the past few days at the end of the month, Li Ka-shing, Zheng Yutong, Bao Yugang, and Rong Zhijian of Hong Kong's CITIC Group met several times to discuss countermeasures, and decided that in order to prevent the land from following the example of Mandarin Oriental, it must have a showdown with Jardine Matheson before another anti-takeover measure is released.

The movement of the Chinese consortium seems to have been expected by Bao Weishi, and even Keswick is relaxed, and there is no Wang consortium member in Li Jiacheng's gang, which proves that the two parties are not a gang, on the contrary, they are still competitors!

On the evening of January 18, after the stock market closed, under the close attention of Wang Zifan, Li Jiacheng, Zheng Yutong, Bao Yugang, Rong Zhijian and others went to the Jardine Matheson Building to negotiate with Simon Keswick and Bao Weishi.

Li Jiacheng got straight to the point, first explaining the sincerity of the Cheung Kong consortium to acquire Hongkong Land, and then smiled slightly: "We are willing to acquire 25.3% of Hongkong Land held by Jardine Matheson at a price of 8 yuan per share!"

Keswick was not satisfied with this price, and he also went straight to the point, frankly and resolutely expressed his negative opinion: "No, it must be 17 yuan per share, this is the price you solemnly opened before the stock market crash, Mr. Li has always put credit first, and he can't go back on his word, Hongkong Land is only a decline in market value, and the actual assets have not lost half a cent, how can it fall from 17 yuan to 8 yuan?"

Li Ka-shing said calmly: "Mr. Keswick, if you don't have amnesia, you must remember that this 17 yuan is not the transaction price agreed upon by both of us, and the price should be re-negotiated, you and I have been in the mall for so many years, I think you will not be unfamiliar with the rules of the mall where the 'market price' is the basis of all prices, and now the market price of Hongkong Land is only a little more than eight yuan, and we acquired it at a price nearly 4 percent higher than the market price, how can we say that the purchase price has fallen?"

Zheng Yutong, known as the "sand gall tong", provoked a new round of competition in an aggressive tone: "Since the peace talks are not close, then we have to see in the market, our four major groups will announce a comprehensive acquisition at a price of 12 yuan per share, according to the practice of securities trading, the acquirer's bid is more than 20% higher than the market price, it can take effect in the market, and the public shareholders of Hongkong Land will stand on our side!"

Bao Weishi retaliated with a tooth for a tooth, saying: "We will accompany you to the end, as long as you are not afraid of diluting the equity in your hands, Hongkong Land is not Wharf, let alone HK Electric, Hongkong Land is Hongkong Land!"

Keswick added in a strange tone: "You are not Wang Zifan, don't want to snatch the land from me!"

Li Jiacheng, Zheng Yutong, and Bao Yugang are pale, and when they mention Hong Kong Electric Light at this time, wouldn't they slap them in the face, saying that they are not as good as Wang Zifan!

Keswick, Bao Weishi half revealed, and threw out the killer feature, Li Jiacheng and others were unwilling to raise the price of half a cent, said goodbye and left, and directly absorbed the land shares from the market, and Bao Weishi's long-brewing killer move finally appeared, through a series of acquisitions and reorganization, Jardine Matheson's equity in Hongkong Land increased from 25% to more than 33%, and the controlling stake was quite firm.

The consortium headed by Li Jiacheng had no choice but to go out and signed an agreement of 'losing power and humiliating the country', and what was "even better" for Jardine Matheson was that there was a proviso clause in the agreement, and within seven years, Cheung Kong and other Chinese-funded consortia were not allowed to buy shares of any listed company in the Jardine Matheson family, except for symbolic shares.

Some Chinese-language newspapers and periodicals reported on the outcome that it was "an unsuccessful acquisition," while some English-language newspapers and periodicals called the campaign "the Waterloo of Chinese businessmen."

Why didn't the Chinese-funded consortium headed by Li Ka-shing decide to fight to the death, compare the victory and defeat, and then hastily withdraw its troops?

Some citizens who followed the trend were very puzzled, and then saw the shareholders who followed Wang Zifan making a lot of money on Jardine stocks, and couldn't help but feel red.

And for Wang Zifan, Li Jiacheng's failure is a lesson, he is likely to suffer the same treatment, before the showdown, an internal meeting was held, only Ma Shiming, Huo Jianning, Kowloon Jianye Lin Manager, gold medal trader Zhao Desheng attended.

Wang Zifan first introduced the whole story of Li Jiacheng's acquisition of Hongkong Land, paused for a few minutes, and left some time to react, in fact, under the revelation of the media, as long as you have the heart, you can understand the inside story, and asked: "Tell me, why did it fail?"

Huo Jianning said: "We are also paying attention to this case, the initiative of Hong Kong Land has always been in the hands of the Keswick family, Mandarin Oriental at a price of 4.15 yuan per share, issued new shares to Yice, in order to enhance the controlling stake of Yice, after Yice subscribed to the new shares of Mandarin Oriental, the equity held by Yice must exceed 35% of the general acquisition trigger point, Yice proposed a general acquisition to the minority shareholders of Mandarin Oriental in accordance with the Takeovers and Mergers Ordinance." ”

Zhao Desheng added: "Since the purchase price of 4.15 yuan is lower than the company's asset value of 6 yuan, the minority shareholders of Mandarin Oriental have reacted coldly to the acquisition plan, which is in the heart of Jardine Matheson, which does not need to use a lot of money, and can make the stake in Mandarin Oriental exceed the trigger point of the acquisition, so that the equity held by Yice will increase from 35% to 41%, and the property owner can guarantee that the acquirer will not be able to control more than 50% of the absolute number through a full acquisition, because the acquiree can easily increase the purchase of another 9% by the reverse takeover to achieve more than half of the absolute holdings!"

Huo Jianning nodded and added: "The killer weapon thrown by Bao Weishi is the same as that of Hongkong General Wenhua Oriental. ”

Ma Shiming said: "Hongkong Land's imitation of Mandarin Oriental will put the Chinese-funded consortium in a very passive situation. ”

Huo Jianning said with his forehead: "If we can buy back the equity of the land from Mr. Li, you ...... to us."

This Wang Zifan had already thought of it, but Li Jiacheng did a great job, shook his head and said: "It's useless, Li Jiacheng has reached an agreement with Hongkong Land Group, and Hongkong Land will redeem 8.2% of the equity at a price of 6.95 yuan per share from the hands of the Chinese-funded consortium, which will cost a total of 1.434 billion funds, which means that the total valuation of Hongkong Land is about 17 billion Hong Kong dollars, and the Chinese-funded consortium wants to fully acquire 50% In fact, Jardine Matheson will not sit still, and the stock price will continue to rise in the price war of the acquisition of the anti-takeover, and the funds required to Li Jia to become the first Chinese-funded consortium to win will far exceed this amount, and whether the four Chinese-funded consortiums can raise so much cash within the short period of launching a comprehensive takeover, is still unknown.

Jardine Matheson Holdings nearly 26%, has the advantage first, and after Jardine Matheson sold the equity of Hong Kong Electric and Hong Kong Telephone, has come out of the most difficult bottom, business is gradually going well, Jardine Matheson despite a large number of sales of Hong Kong and overseas enterprises, is still the largest comprehensive group in Hong Kong, in addition to banks, the market value is second only to Cheung Kong, the Keswick family also has a lot of non-Jardine Matheson assets overseas, some estimates, its assets in the sum of Wang Zifan and Li Jiacheng.

Even if he could control the land, he would have to pay a very high price - this is not what Li Ka-shing wanted.

Li Ka-shing Li Ka-shing is a master of business warfare, not a national fighter, and he is accustomed to weighing business interests rather than putting them aside to fight to the death, and chasing them with the spirit of beating the water dogs.

Besides, the other party is still an old lion, although it is dying, Yu Wei is still there.

After summing up, Wang Zifan's mood still can't calm down, in the Chinese-funded consortium, there is an eye-catching cadre - Rong Zhijian of CITIC Group!

This Mr. Rong is not from Hong Kong, but from the mainland!

This makes the new consortium have a Chinese-funded background, especially when Thatcher is about to compromise, many people think that the rapidly inflated Chinese capital will replace the British after 1997, although it is a wrong concept, but it can be seen how popular the Chinese-funded background is, Rong Zhijian and Li Jiacheng together, is to smash his signboard, which is particularly important.