Chapter 278: Privatization of Undertakings
What's going on?
Why does Li Jia become not bidding?
Doesn't he want the land?
Seeing that Wang Zifan won the bid, Zheng Yutong and the others were dumbfounded, the situation reversed too quickly, why did they lose? They still haven't reacted, they all turned their heads to look at Li Jiacheng, their eyes were strange, how could the omnipotent Superman be mentally retarded as soon as he met Wang Zifan, thinking of the previous failures, they couldn't help but think in their hearts, maybe Li Jiacheng didn't have such great ability. Pen % fun % Pavilion www.biquge.info
Seeing that Wang Zifan was proud, Li Jiacheng was also uncomfortable.
Miscalculated!
Li Jiacheng just wants to be alone now, how can there be such a coincidence in the world!
This failure, full of mistakes, the reason is that he is too wishful thinking, if he can come from once, he would rather not find Wang Zifan's small moves, and now he can only comfort himself, this battle has not been lost completely, he still has a chance, as long as he takes the rights and interests in the hands of the shareholders of Tianshuiwei first, he can still monopolize Tianshuiwei, and then he will pay Wang Zifan some benefits and redeem the land.
Wang Zifan's side, after winning the bid, declined the reporter's interview, and privately shared the spoils with Li Zhaoji and Hu Yingxiang, of which he monopolized 70% of the rights and interests of the land in Tsim Sha Tsui, Hu Yingxiang accounted for 3%, and the land in Central has been decided to be converted into a commercial building, and the 1.3 billion funds auctioned were invested by Li Zhaoji 800 million, Wang Zifan was responsible for the remaining 500 million, and then Henderson was responsible for the development, and Wang Zifan held 30% Equity, the last is 40 hectares of land in the New Territories of Kowloon, although this cake is big, but everyone wants to swallow it alone, the last game, Hu Yingxiang took the lead in withdrawing, not that his strength is not good, but that he did not contribute much to this land, Wang Zifan, Li Zhaoji and he did not want to share it with him equally, and finally quit with interest.
Hu Yingxiang withdrew, Wang Zifan and Li Zhaoji did not agree on the result, so they put it on hold for the time being, they also understood that it was useless to just get the land, and the most important thing was the Tin Shui Wai shares held by the major shareholders.
Then there was a celebration banquet, Wang Zifan was not present, presided over by Diana, fully explained what is called high-profile work, low-key life, although three pieces of land were auctioned in a row, but also paid a lot of price, and finally by HK Electric, Kowloon Development jointly raised 1 billion to tide over the difficulties, at the same time, from the end of the auction, the four major families in the acquisition of HK Electric intensified.
At the end of October, Wang Zifan announced that he would mortgage 21% of Hutchison Whampoa's equity to Far Eastern Bank, and got 2 billion funds in one fell swoop, plus the previous cashed out Kowloon Bus funds and the remaining funds of the Prince Fund, with more than 3.5 billion yuan in liquidity. Xu Shixun advocated making persistent efforts, gathering the strength of the four families to defeat Wang Zifan in one fell swoop, Zheng Yutong of the Zheng family personally came forward, changed the previous tough attitude, advocated shaking hands and making peace, and also proposed to unite the Chinese elite to form a new Chinese-funded consortium and comprehensively acquire the British-funded group, everyone felt that there was a mainland meaning, and there was no opposition, but they held on the joint prince Fan, the most unexpected thing was Li Jiacheng, who also advocated a boycott, he set off the acquisition of Hong Kong Electric War has two purposes, the first is to acquire Hong Kong Electric, the second is to exclude Wang Zifan from Hutchison, and now the second goal has been achieved, the first hope is slim, it is better to accept it when it is good。
A few days later, the four major families began to sell off HK Electric shares, and Wang Zifan took over all of them.
The time has just entered November, Zheng Yutong began to hold hands to form a Chinese-funded consortium, Li Jiacheng took the lead in responding, and then Bao Yugang also joined in, Wang Zifan saw this and thought that the four major families were resurrected, and he was very nervous for a while, only to find out that this consortium was aimed at British-funded forces, and he was relieved and refused Zheng Yutong's invitation, looking at these people was uncomfortable, and the acquisition of British assets, even if he did not join the Chinese-funded alliance, he would do it.
On November 11, just four months from the acquisition of HK Electric, finally ushered in the harvest season, Ma Shiming, Huo Jianning in charge of Hong Kong Electric Light did not disappoint him, this day Hong Kong Electric announced the placement of shares, the placement price of 8.2 yuan, compared with his purchase price of 6.4 yuan surge nearly 30%, because of the relationship between the auction of three plots of land, smoothly signed an agreement with the underwriter.
Regardless of the stock sales, this placement action allowed the Prince Fund to receive an additional 240 million, and of course all this money went into Wang Zifan's pocket.
However, this placement more or less caused dissatisfaction among the original shareholders of HK Electric, but fortunately, HK Electric was in the hands of Wang Zifan, which brought greater benefits to the shareholders, and the stock price soared, so this episode was not over.
Some people speculate that Wang Zifan is used to reduce bank debt, and some people suspect that he sold one-third of HK Electric's equity in just six months, it seems that Wang Zifan and the long-term investment promise made at the time of the acquisition, maybe they will not realize it until a few months later, Wang Zifan just wants to take advantage of the current real estate low tide to start raising funds, and plans to issue more than 100 million new shares in October next year, with a single share price of 10 yuan, at least 1.3 billion yuan, to acquire the Peninsula Hotel owned by Kadaoli, and at the same time place the new shares to overseas funds, which is sold at a high price in disguise.
Once the plan was confirmed, capital operations were in full swing, paving the way for the restructuring of HK Electric.
And Ma Shiming also made a plan and submitted the plan to Wang Zifan: "Chairman, this is the listing plan of Wanda Group! Take a look, if there is any problem to compensate, I will add it!"
"Good job!" Regardless of whether there is an opinion or not, Wang Zifan is very satisfied with Ma Shiming's efficiency.
"It's nothing, when to market?"
"Of course, we must take advantage of the stock market to expand the company's business, and the listing can be welcomed by shareholders!"
"Ok, I see!"
Wang Zifan looked at it for a while, and as discussed before, he divided HK Electric into two parts: one is HK Electric, which is mainly engaged in power business, and the other is Wanda, which is mainly engaged in real estate, hotels, petroleum and other businesses; that is to say, after the reorganization, the power business of the original group is still held by HK Electric, and the rest of the non-power business is held by Wanda International, a newly established listed company.
After Li Jiacheng's acquisition of HK Electric, the company's business was also divided into two, and the market price of the new company after listing was as high as HK$10 billion, which was also a benefit for Wang Zifan, and if it was operated properly, he could also take the new company Wanda International as his own.
Ma Shiming saw that Wang Zifan was half distracted, and took the initiative to introduce: "After the spin-off of HK Electric, investors can freely choose different business investment opportunities, for example, if shareholders are not willing to take greater risks, they can sell Wanda shares mainly in real estate development, share investment, oil and gas, etc., which will help the company privatize, and now the only problem is the attitude of the Hong Kong government, after all, HK Electric's main power is a public welfare undertaking!"
Wang Zifan said: "What is the movement of the news media?"
The spin-off of HK Electric is a major event, and it is impossible to decide on it after discussing it yourself, and it is necessary to take into account the advice of relevant experts.
Ma Shiming thought for a while and said: "There are opinions from all sides, and some people suspect that the spin-off of HK Electric is due to pressure from the Hong Kong government, for example, we recently announced a joint venture with Kowloon Development and Chinachem to invest 2.7 billion yuan in Canada's Husky Petroleum Company, which aroused the doubts of Hui Yin-fat, a member of the Legislative Council, who believes that HK Electric, as a public utility exclusively licensed by the government, is related to the livelihood of the whole Hong Kong people, and should not participate in overseas investment plans with huge risks, so as not to hit HK Electric's patented power generation business due to the failure of production." ”
This bastard has a pretty wide tube!
Wang Zifan complained in his heart, the acquisition of Canada's Husky Oil Company before Li Jiacheng was his proud move, and it was also a memory that he finally came up with, and there were still people who objected!
"How did we, Princess Diana, reply?"
"Of course, these rumours are all denied, but Diana only emphasises that the restructuring proposal was initiated by HK Electric, based on the operational development of HK Electric's business, and has been fully supported by the Hong Kong government!"
Diana has done it again!
Let her come forward to settle the Governor, it is really invincible!
At this moment, facing this scene, Wang Zifan can't help but think of the poem of the Tang Dynasty poet Cui Hu: Last year, in this gate today, the peach blossoms on the human face were red;
Ha ha!
In any case, at this time, he had already crossed the Ten Thousand Mountains in a light boat.
Turning to the last page proudly, Wang Zifan found that there were many blanks, and looked up and asked what was going on?
Ma Shiming explained: "This is Wanda's share arrangement after listing!"
Wang Zifan thought of the usual commercial methods in the 21st century, thought carefully for a while, and muttered: "After the spin-off, Wanda will operate as an independent company, do you think we can use Wanda to control HK Electric?"
Ma Shiming was stunned for a moment, and was very surprised: "In principle, it is possible!"
Wang Zifan further said: "Then what about privatizing Wanda Group!"
Ma Shiming didn't think about it for long this time, and replied: "According to the current relevant system in Hong Kong...... Yes, too!"
"Let's talk about it!" Wang Zifan could only think of these general direction decisions, and the specific operation had to consult these elite subordinates in turn.
Ma Shiming quickly thought of a draft and analyzed: "The Prince Fund holds 31% of HK Electric's equity, and after Wanda's listing, it will purchase part of HK Electric's equity from the Prince Fund, which cannot be less than 20%, so that Wanda will become the holding company of HK Electric, and this article can be added to the restructuring agreement we drafted, and Wanda's total issued share capital in the future will be 2.461 billion, and the Prince Fund will hold 20% of HK Electric in exchange for 28 Wanda shares for every 10 HK Electric shares In this way, after the completion of this spin-off, the Prince Fund will hold a total of 1.3 billion shares of Wanda, equivalent to 53.8% of Wanda's equity, and the other 46.2% of Wanda's equity will be held by the original shareholders of HK Electric.
"Very good! Very good!" Wang Zifan nodded again and again, so that although HK Electric is a Hong Kong utility company, its holding company is Wanda International, which was later privatized, that is, himself!