Chapter 380 A Chinese property with a market value of 300 million
Whether it is to divide the inheritance or block the Chinese real estate, Qiu Degen is happy too early, the whole Hong Kong, not only Wang Zifan and Qiu Degen have taken a fancy to the Chinese real estate!
Chinese Real Estate was founded in 1922 by the two local wealthy families, Feng Pingshan and Li Guanchun, and went public in 1968. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
This process was initiated when Wang Zifan acquired the Grand Hotel Group, and first there was a change in the board structure of China Entertainment, another listed company under Chinese Real Estate: Li Fushu, who originally controlled the company's affairs as the representative of the Li family and served as the chairman of the company, had to be retained as a director of the company, and the post of chairman was ceded to Feng Bingfen, the representative of the Feng family.
Immediately afterwards, Chinese real estate also presented a more alarming situation. At the shareholders' meeting in the new year, the three Li brothers, who originally occupied nearly half of the board of directors, all lost their seats on the board of directors, while two representatives of the Feng family and a third party with outstanding financial skills, Wei Li, who had reorganized Hutchison Whampoa and sold it to Li Ka-shing, took the place of the three Li brothers in Chinese Real Estate.
In this situation, the three Li brothers naturally did not agree, and the news that the two major families of Feng and Li had already fought in the market and were fiercely competing for the right to speak in Chinese real estate spread far and wide, and a series of conjectures and inferences around this incident were also overwhelming, but on the whole, they were suppressed by Wang Zifan's acquisition of the Grand Hotel Group, so industrialists like Qiu Degen would ignore it.
As new news continues to kill or corroborate old news in rumors and news, the cause and effect of things are gradually portrayed.
The culprit that caused the two families to fall apart and finally embark on the road of struggle was the Li family, which had gone to the new board of directors, and the Li family's problems were also caused by internal disputes.
The Bank of East Asia, which was founded by Li Guanchun and participated in by the Feng family, is the largest Chinese-funded bank in Hong Kong, and the next generation of Li Guanchun's lucky characters are even more remarkable, including: Li Fuqi, who was a member of the "three materials" of the Hong Kong British Municipal Council, Legislative and Executive Council in the 1960s, and was squeezed out of the chairmanship of China Entertainment in this struggle; Li Fushan, the first Chinese judge of the Hong Kong High Court; Li Fuqiu, the first Chinese director of the Hong Kong Social Welfare Department; The father of Hong Kong stock trading", led the establishment of the "Far Eastern Stock Exchange" in 1969, and later served as the first chairman of the Hong Kong Stock Exchange in 1986.
The problem of the Li family lies in this old Mr. Li Fuzhao.
It is said that Li Fuzhao, who knew how to speculate in stocks at the age of 6, had a bit of "a lifetime of uninhibited indulgence and freedom", and for some unknown reason, he had some unpleasantness with his family members, and he didn't play with you in a fit of anger, and sold all the shares of Chinese Real Estate held by himself and a good friend to Wei Li, and it was with this share that Wei Li entered the board of directors of Chinese Real Estate.
The wayward Li Fuzhao sold his stock and walked away, turned around and went to plan his big business - that is, the big event in Wang Zifan's memory: the merger of the four stock exchanges at that time into the only joint exchange, which was a good thing, but left a big trouble for his family, Wei Li, who took over the shares of Chinese Real Estate from him, contacted the Feng family to set up a new company called Sima Gao, and drove the Li family out of the board of directors as a major shareholder with a total of nearly 35% of the shares.
From its establishment in 1922 to 1982, the performance of Chinese Estates has been quite good, because of the proximity of equity, the two have maintained a good cooperation, and there is no trouble. Li Fuzhao's trouble, so that the Li family, who saw that the ancestral industry was about to be lost in their hands, was naturally very unwilling, although they were kicked out of the board of directors, they still have bargaining chips: they still have 28.5% of the equity of Chinese Real Estate, and they have also been supported by other shareholders who hold 2.8% of the shares.
As a result, the Li family hurriedly joined forces with another veteran in the capital market, Fung Wing-cheung, chairman of Sun Hung Kai Company, to quickly set up a company called Badna, and on March 23 of that year, he proposed a comprehensive acquisition of Chinese Estates at HK$16 per share in cash, in order to take back Chinese Estates.
While the Li family openly dealt cards, of course the Feng family would not be willing to be captured, they continued to unite all the forces that could be united, secretly holding back the big move, preparing for the counterattack if the Li family came.
Just when the equity of Feng and Li was almost equal, and then they wanted to fight for who to die, Wang Zifan's fund had already absorbed Chinese real estate stocks in the market according to the layout, and perhaps there were other consortia that absorbed stocks at this time, in short, something beyond everyone's expectations happened. Chinese Real Estate, which has always been sluggish in trading and low activity, suddenly became an active stock, with a large increase in trading volume and the stock price soon soared to 19.8 yuan.
The reason for the surge is simple, Chinese Estates shares have become sought-after, and there are unidentified people buying them in large numbers.
Wang Zifan understood what the Feng and Li families understood, just when they were opponents of each other, someone had already taken them together as prey, and this person was Qiu Degen!
However, for Wang Zifan, no matter how good he is with the Qiu family, he will not give up Chinese real estate, don't look at the current Chinese real estate is inconspicuous, the market value is only three or four billion, but after Liu Luanxiong took over, within a few years, the market value soared to more than three billion, and the future will rise to nearly 40 billion, this is still in the case of Liu Luanxiong does not understand real estate management, if it is replaced by Li Jiacheng and Li Zhaoji, I am afraid that Chinese real estate has already been tied with Hutchison Whampoa and Henderson Land!
In order to warn Qiu Degen, Wang Zifan decided to go to the front desk from behind the scenes, although the Chinese real estate shares held in his hands are negligible, but he also has this confidence, before the Chinese real estate accident, he has beautifully blocked a high-quality listed company - the famous Hong Kong Hotel Group, and is bought at a low price, and finally controlled, and in a month, the Jiadaoli series was completely swept away, which can be called perfect. The good news of Li Xiangzheng came, of course Wang Zifan was very happy, it was Liu Luanxiong who bought Chinese real estate in another time and space, with this I don't know how many beautiful stars I played with this transaction, and now Liu Luanxiong was forced to the United States by him, and this task was naturally completed by him!
So he quickly attacked, turning the snipe and clam competition into a three-kingdom killing, and expelled Qiu Degen from the game.
Less than half a month after the Li family announced the full acquisition of Chinese Real Estate at HK$16 per share, Wang Zifan announced in a high-profile manner that his Prince Fund would fully acquire Chinese Real Estate at 16.5 yuan per share. Only then did it clear that the two major families who were not good at coming, in the face of this change, basically had no way to deal with it, so they had to deal with it passively.
A week later, Qiu Degen seemed to be timid and did not make any move, and Wang Zifan, who had already taken the lead, raised the price again and announced that he would raise the purchase price to 18 Hong Kong dollars per share, making a picture of what he was going to win, because the struggle between the two families had become white-hot, and Wei Li, Feng Yongxiang and others had stepped in in the middle, and there was no possibility of compromise at all.
With the acquisition of the prestige of the hotel group, the Li family was defeated in one fell swoop
Under great pressure, the Li family, who had already been out of the board of directors, first died down and transferred 28.5% of the family's shares to Wang Zifan.
Under high pressure, the Feng family was also in chaos, Feng Bingfen's brother first became a "mutineer", he just wanted to sell his shares at a high price, and Wang Zifan just wanted to make a quick decision, and he didn't care about money, the total market value of Chinese real estate was less than 400 million, how high can the high price be, not to mention that the most important thing he is now is money, after acquiring these shares, he has accumulated more than 40% of the total number of shares of Chinese real estate.
Feng Bingfen, who was unable to fight back and knew that he had no chance of winning if he continued to consume, finally chose to play, however, he had a good personal relationship with Michael, and he also helped Michael increase his stake in the hotel, and he thought that if the prince deliberately retaliated, he would naturally not transfer the equity, but sold his shares to Wei Li, he probably wanted Wei Li to stick to Chinese real estate, but obviously Wei Li did not plan to do this!
Although Wei Li and Li Jia made a good deal, but Wang Zifan and him have no grievances, Wei Li came all the way to Hong Kong just to seek money, so the two sides did not continue to fight, but soon "hello, I am hello, everyone" reached a cooperation agreement, Wang Zifan acquired all the shares under Wei Li's name, in return, announced that the two sides will jointly take charge of Chinese Real Estate, Wei Li enjoys high dividends, Wang Zifan is the chairman of the board of directors, and Wei Li is the general manager of the company.
Chinese Real Estate is handed over to Wei Li to take care of, which is equivalent to Wang Zifan taking him in!
Within three months, the acquisition of two major companies, Wang Zifan was full of ambition, and at the same time, there was also a touching episode.
On September 1, Wang Zifan officially assumed the position of chairman of Hong Kong Hotel Group, and it was not Michael Gadari who came to hand over the handover, but his father, Louis Gadaury.
In the luxurious office, when Wang Zifan came here with 51% of the equity, the two stood face to face, and the atmosphere was strange and tense!
Louis was full of gray hair, and his eyes were mixed to look at Wang Zifan and said: "I spent more than half a century, decades of hard work, and you took it overnight." ā
An old man in his 70s, standing in front of him who was only in his 20s, said this, Wang Zifan was really deeply shocked! Every inch of time is gold, and it is difficult to buy an inch of time, how many decades or half centuries can there be in a lifetime? Acquisition seems to be buying a factory and buying a company, but in fact, it is buying someone else's youth with money, and he spends two months to buy Louis Gadoori for a lifetime!
Lao Jiadaoli left on crutches, Wang Zifan stood for a long time before coming back to his senses, for him Lao Jiadaoli's words are not only disappointment and resentment, but also a warning reminder, when he drives everyone to a dead end, it is his most dangerous moment!