Chapter 364: The Giants Who Were Pit by Wang Zifan

With Wang Zifan's huge 20 million shares put into the market, Wanda's share price is like a river that has been washed away, almost falling in a straight line. Pen & Fun & Pavilion www.biquge.info

"55 yuan!"

"53 yuan!"

"50 yuan!"

"49 yuan!"

……

"Oh my God! It's down to 38!"

With the exclamation of the exchange, the stock price fell to 38 yuan to stop falling, and rose slightly, but obviously the bears have the upper hand, everyone has not had time to breathe a sigh of relief, the stock price began to fall slowly, this is all the way down to 33 yuan, looking at the green figures, people who did not sell the stock hammered their heads, and they were about to regret dying, thinking that the stock price would rise, who knew that it would fall by half in a blink of an eye!

Time passed minute by minute, no matter how much I looked forward to it, but the stock price just didn't rise, and when the market closed, it fell to 28 yuan, like a roller coaster, and finally the real return to rational stock price!

On the same day, Li Jiacheng, Zheng Yutong, and Bao Yugang had afternoon tea, but their faces were ugly.

"Calculated!"

"Wang Zifan, this kid, looks so ugly!"

"Yes, who knew that he still had 20 million shares hidden, and I ate it for 60 yuan, and I lost more than 50 million yuan!"

"I should have thought that he wouldn't play cards according to common sense!" Li Jiacheng smiled bitterly, he bought the most stocks, and lost the most, and when the stock price fell, he realized that he was really calculated by Wang Zifan, raising the stock price in the morning and shipping in the afternoon, this simple calculation actually made him lose 300 million, he originally wanted to secretly acquire 10% to 20% of Wanda's equity in exchange for the 21% Hutchison equity held by Wang Zifan, but it turned out to be a high-price acquisition, even if the equity was exchanged back, it was a big loss!

Zheng Yutong sneered: "I think he will be planted on it sooner or later!"

Bao Yugang said vaguely: "Can you ask the Independent Commission Against Corruption to check, there must be something greasy inside!"

Li Jiacheng shook his head slowly, the company's listing is a shareholder dividend, and Wang Zifan will not be stupid enough to come forward in person, even if he takes 10,000 steps back, today's incident is exposed, I am afraid that the Independent Commission Against Corruption will not come forward, and the hype of the stock price of Jianing Group is more serious than this, and the result is that neither the police nor the Independent Commission Against Corruption care, and there is no reason to care, because there are no relevant laws and regulations in Hong Kong now, in other words, such practices as Jianing Group and Wang Zifan are not illegal!

was calculated by a junior, Bao Yugang was very annoyed and angry, and said unwillingly: "Just admit it?"

Zheng Yutong sighed: "Just spend money to buy lessons, and besides, the prince has become a climate, don't forget that he also has a real estate group in his hand!"

Li Jiacheng's expression was even more frustrated, and he also heard Zheng Yutong complaining, and apologized: "It's all my fault, I didn't expect him to grow to this point in just one year, when I knew that his relationship with the mainland and the British royal family should not become a hostile relationship, resulting in today's situation, now it is difficult to ride a tiger, but fortunately, we have 9% of Wanda's equity in our hands, so it is still possible to ease the relationship between the two sides!"

Bao Yugang comforted: "It's not your fault, we also released goodwill at the beginning, but Wang Zifan's kid insisted on going his own way and wanted to buy HK Electric Group!"

Zheng Yutong couldn't help but glance at Li Jiacheng, the interests involved in HK Electric are too big, just this Wanda Group, the listed stock price has climbed to 60 yuan, although it will fall back when it rises, but it also represents the company's potential, as long as Wanda does not make any big mistakes in the next few years, the stock price will return to 60 yuan sooner or later, and the total market value will be more than 30 billion by then.

Li Jiacheng analyzed: "Now the situation is complicated, Wang Zifan is the second largest shareholder of Hutchison, and we also hold a lot of shares in Wanda and Real Estate, if we can unite, it will definitely cause considerable pressure on British capital, but it has always been so divided and hostile......"

Zheng Yutong nodded and agreed: "Yes, this will not do us any good to him!"

Li Jiacheng said: "I think Wang Zifan also understands this truth!"

Bao Yugang hesitated: "It's just Xu's place?"

Thinking of Xu's stubbornness, Zheng Yutong frowned and said: "Do they still think that the prince is a mainland boy who is engaged in entertainment, saying that they are a rat, I think they are still on the side of the British!"

Bao Yugang and Li Jiacheng's brows furrowed again, they had already sharpened their knives and Huo Huo made a move against the British capital, if the Xu family was vain, it would be a scourge sooner or later!

Li Jiacheng's mood was a little chaotic, and when he saw Zheng Xiangtong's eyebrows revealing a fierce color, his heart moved, and he pretended to be distracted and said: "It's better for you to make up your mind!"

Bao Yugang said in a shocking voice: "To tell you the truth, I plan to buy Wheelock!"

Hiss!

Shocked, Zheng Yutong and Li Jiacheng couldn't help but gasp, as early as more than ten years ago, Wheelock and Jardine Matheson, Hutchison, Swire, known as the four major British-funded banks, dominate the lifeline of Hong Kong's economy, but in recent years, Wheelock has made several decision-making mistakes, its prestige has plummeted, and it has fallen off the altar, but the camel that died is bigger than the horse, and Wheelock is a well-known British-funded foreign firm, Bao Yugang has eaten Wharf before, and now he wants to swallow Wheelock, no wonder he advocates repairing with Wang Zifan!

Wheelock is a veteran British-owned foreign firm, founded in 1925 by the British Jew George Madden in the Yangtze River Delta, operating shipping and warehousing, in 1932 with the Canadian Tom Wellock's Shanghai Tug Barge Co., Ltd., reorganized into Wheelock, after the outbreak of the Pacific War in 1941, the company moved its headquarters and fleet to the United Kingdom, but after the war its founder has no roots in China, and turned to vigorously develop the shipping business, in order to encounter great changes can hold their heads and withdraw as soon as possible.

Although George retired in 1959, the policy of developing shipping to reduce political risks has been followed by his son John Madden, but Wheelock has 200 subsidiaries, many businesses, the flagship business is still the shipping industry, in 1967 the outbreak of the Middle East war, Egypt announced the blockade of the Suez Canal, this move forced the Eurasian route to be extended, the demand for oil tankers greatly increased, Wheelock decided in 1972 to reorganize its listed company Steel Co., Ltd. into Wheelock Shipping International Co., Ltd., responsible for the development of shipping, and in 1974 and the world ship king Pao Yugang co-formed Wheelock Limited, accounting for 51However, during the same period, with the outbreak of the oil crisis and the reopening of the Suez Canal, Wheelock's recurring surplus in 1973 had fallen to HK$180 million, which had fallen to HK$69 million in 1974 and to $29 million the following year.

From today's point of view, Wheelock's biggest mistake is to invest in the shipping industry, with the high oil prices in the seventies, Wheelock bore the brunt of the oil tanker business, and the world shipping industry shrank in the eighties.

At this point, Wheelock Chairman John. Madden has been interested in arranging Jardine Matheson, Landmark two British Ocean in October 21, 1976 proposed to acquire Wheelock, the news caused a sensation in the market, if the merger is successful, Jardine Matheson's strength will surpass HSBC, in 1976, HSBC substantial shares of Hutchison Whampoa, on October 26 immediately announced the intervention in the acquisition war, during which a number of British, In December of the same year, Wheelock and Jardine Matheson Land decided that if no deal was reached within 10 days, the acquisition plan would be cancelled.

The reason why Bao Yugang advocated reconciliation with Wang Zifan was that he learned a lesson from it, and he was worried that when he acquired Wheeloku, Wang Zifan would stick in a jar.

In 1976, Hong Kong's economic recovery and the resurgence of the real estate market led to the expansion of Wheelock's real estate business, and in 1977, the development of Fortune Garden Phase 1 in North Point with HK Electric, and the construction of industrial buildings in Tsuen Wan and San Po Kong, which led to a significant increase in the Group's asset value. Nevertheless, when Wheelock developed its real estate development, it preferred to revalue the land and allocate capital, and then cooperate with other powerful developers to share the profits, of which, in 1980, Wheelock's Federal Real Estate and Li Ka-shing's Cheung Kong Asset formed Zhuojian Investment Limited, each with a 50% share Equity: Zhuojian first bought Wheelock's Federation Building and International Building for 1 billion yuan, first received 500 million in cash, and then Li Ka-shing sold the two buildings for 2.235 billion yuan with the help of Zhuojian, and then let Wheelock cash out 1.1 billion, and Li Ka-shing also got 1.1 billion yuan, after deducting the original 500 million yuan paid to Wheelock, it earned 600 million yuan in just a few months, Wheelock has little confidence in Hong Kong's prospects, and its business practices are too conservative, and its profits are far behind those of developers such as Cheung Kong and Sun Hung Kai.

Several major Chinese-funded groups are salivating on Wheelock, but only Bao Yugang dared to make a move, which caused Wheelock to regress in the shipping industry in 1980, from 1979 to 1980, Bao Yugang was pessimistic about the prospects of the world's shipping industry, and sold a large number of ships, but Wheelock not only bought a large number of fleets from Bao Yugang at this time, but further in Japan, Spain, Denmark, In just three years, the number of new ships ordered by China has increased by 18 rounds, and the net fixed assets of its fleet have reached 1.633 billion yuan this year, an increase of 70% from 941 million yuan in 1979.

This misjudgment eventually caused Wheelock to face a loss of 60 million Hong Kong dollars, and in contrast, Bao Yugang saw that its second largest customer, the Japanese Steamship Company, was on the verge of bankruptcy in 1978 due to poor management, and was already wary of shipping, and then took the "abandonment of the ship and landing" By this year, its fleet had been reduced to 65 ships, with a deadweight of 8 million tons, only 40% of its heyday, and Bao Yugang invested all the funds obtained from the reduction of shipping into the real estate industry, especially after the acquisition of Wharf, its economic status did not decline but increased, and began to eyeing Wheelock.

Li Jiacheng and Zheng Yutong also wanted to buy Wheelock, but now that Bao Yugang has just proposed it, they are not good at fighting, otherwise the alliance will break down and damage them even more!