Chapter 31: Wharf

Zhang Heng Office, Oriental Real Estate Building, Huanghou Avenue

Reports

"Come in"

"Mr. Zhang, it is difficult to acquire Wharf's shares in the market without alarming the market," Yuan Tianfan said as he walked to Zhang Heng's desk

"How many Wharf shares have been acquired so far," Zhang Heng asked

"This month, plus Mr. Zhang's secret purchase at the beginning, now there are 30 million shares, which is far more than the shares held by Jardine Matheson." Yuan Tianfan said

"Then mention the purchase price and continue to suck into Wharf's shares," Zhang Heng ordered

"But raising the price may cause the idea of Jardine Matheson, and will greatly increase the cost of acquisition, at present our shares have reached about 30% of the total shares of Wharf, only spent 500 million, if the stock price is raised, it may cause professional speculators to enter, then to absorb to reach 49.5% of the shares in our plan, it will cost an additional 300 million, which is still in the Wharf owner Jardine Matheson did not react violently, I think Jardine Matheson will not easily give up the Wharf this treasure land" Yuan Tianfan analyzed the situation

"It's okay to spend a little more money, I'm afraid that it will change later, the key is to pocket the Wharf," Zhang Heng said

"That's right, compared to the Wharf, spending an extra 300 million is nothing, I'll do it right away, then I'll go down first" Yuan Tianfan finished speaking and went out

Zhang Heng stood in front of the tall floor-to-ceiling windows, looking down on the scenery of both sides of Victoria Harbour and the top of the mountain, and couldn't help but feel a sense of pride in his heart.

This Oriental Real Estate Building was just bought by Zhang Heng after looking for a month, and Zhang Heng changed the name, and it will be used as the headquarters of the Oriental Real Estate Group that Zhang Heng had just established.

The building has a total gross floor area of 1.25 million square feet, with a total of 38 floors and an area of about 300,000 square feet each. The 4-storey basement provides more than 1,000 parking spaces.

Located on Garden Road and Queen's Road Central,

It is close to Statue Square, Standard Chartered and HSBC Building, and enjoys the convenience of transportation. Private cars and taxis can go directly to Cheung Kong Centre via Garden Road and Queen's Road Central, and drivers of monthly parking spaces in the car park of the building can also cross Garden Road to Cotton Tree Road via the tunnel, and travel between Mid-Levels, The Peak and Wan Chai, which is fast and convenient.

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Yuan Tianfan raised the purchase price according to Zhang Heng's instructions, and put it up with a buy order of 17 yuan per share, and sure enough, there were still many people who sold it.

Yuan Tianfan slowly absorbed Wharf's shares at a price slightly higher than the market every day, but when Yuan Tianfan absorbed 10 million shares, he found that the stock market was abnormal, and it was difficult to receive a sell order at 20 yuan per share.

Yuan Tianfan found out about this situation and immediately reported it to Zhang Heng

"Mr. Zhang, I found that there are two forces entering the market, wantonly absorbing Wharf's shares at high prices, and professional speculators have intervened, large and small investors have come out one after another, and Wharf's stock price has risen gradually."

Zhang Heng estimates that these two forces may be Bao Yugang and Li Ka-shing, with these two people stirring up the situation, it is estimated that it will be difficult to acquire the shares behind Zhang Heng.

Sure enough, in the next few days, Wharf's stock price turned around and rose, and there were rumors in the stock market that a big buyer wanted to buy Wharf.

As a result, more professional speculators have stepped in, large and small investors have stepped out, and Wharf stock holders have withdrawn their sell orders.

In just one week, Jiucang shares were like a thermometer being burned by fire, and they quickly soared to a record high of 65 yuan per share, but Zhang Heng only bought a total of 40 million shares, which was still 10 million shares.

At the same time, Wharf Group felt that the general trend was not good, and immediately deployed an anti-takeover action, buying a large number of shares of Wharf held by retail investors in the market.

It's a pity that most of the retail investors' stocks on the market have been absorbed by Zhang Heng, and a small part have been absorbed by Bao Yugang and Li Ka-shing, and some retail investors want to sell at the price, so it is difficult to absorb Dao shares in the market.

Moreover, now Wharf's shares have reached 65 yuan per share, and Wharf's profitability in recent years has not been ideal, and funds are limited to acquire Wharf's shares at a high price.

Under the leadership of Jardine Matheson, Wharf has built well-known properties such as Harbour City and Ocean Centre Tower, but its business mode is not commendable.

They stuck to the concept of using their own funds to build buildings, only renting but not selling, resulting in a slow return of funds, which caused the group to fall into a financial crisis.

So it had to ask its owner, Jardine Matheson, for help.

In fact, Jardine Matheson's cash reserves were not enough to buy Wharf shares, which are now like crazy.

If Jardine Matheson wants to absorb the shares of Wharf to an absolutely safe level, it will have to come up with 2 billion in cash, which is still in the case of no fluctuation in the stock price, but there are three evil tigers on the side, and Jardine Matheson knows that it is impossible to complete the shareholding increase plan with 2 billion.

After investigation, Jardine Matheson found that these three forces were all related to HSBC, so it had to ask HSBC for help.

Shen Bi, the head of HSBC, heard Jardine Matheson's call for help, Shen Bi thought about it and agreed to help maneuver around, otherwise Jardine Matheson would think that HSBC was playing tricks!!

Shen Bi personally called Zhang Heng, Bao Yugang, and Li Ka-shing and asked them to come out and talk.

One afternoon at the end of July 1977, three Chinese businessmen were invited by Shen Bi, the head of HSBC, to a quiet Accord at the famous Peninsula Hotel in Hong Kong for a discussion.

When Zhang Heng came to the agreed room half an hour earlier than the agreed time, he found that there were already two people inside, one was Li Ka-shing, a real estate upstart, and the other was Bao Yugang, the world's ship king. But now, the two Chinese businessmen are sitting there talking happily.

When Zhang Heng walked in, Bao Yugang and Li Ka-shing still guessed who this person was? I don't look like a waiter!

I saw Zhang Heng looking at Bao Yugang and said, "This must be the world-famous big ship king Mr. Bao!" ”

"Are you ......," Bao Yugang asked

"The boy's surname is Zhang Mingheng, and he is the chairman of Oriental Real Estate," Zhang Heng introduced himself

Bao Yugang said that he is the chairman of Oriental Real Estate, and it is not more than 20 years old! Bao Yugang wanted to reduce the ship to land, but there was no way, and when he aimed at the Wharf, he found that Zhang Heng had already landed first.

Bao Yugang couldn't help but say with emotion, "It's really the back waves of the Yangtze River pushing the front waves, and it is amazing that you can become the chairman of a real estate group at such an age!" ”

"Mr. Bao praised it falsely, my company is just an empty driver, and I will bring Mr. Bao to the juniors in the future!" Zhang Heng said modestly

Not arrogant or impatient, it is worth associating Bao Yugang thought to himself

This was just a "click" The door opened, and two people walked in, one of them was Shen Bi, and another unknown person looked at himself and the others with resentment on his face.

"Mr. Bao is here, please run and lie down." After Shen Bi came in, he said politely to Bao Yugang.

You're welcome! Pao was knighted by the Queen of England, awarded medals and medals by the King of Belgium, the President of President Ma and the Emperor RB, and is a director of HSBC.