Chapter 44 Acquisition of Hutchison
Zhang Heng couldn't suppress his heartbeat anymore after leaving HSBC, and he was so happy in his heart, as if there was a sweet and cool wind passing through his heart.
When Zhang Heng proposed to Shen Bi to buy the shares of Hutchison Whampoa in the hands of HSBC, although Shen Bi agreed, he did not trade immediately, but only said that the time was not right at that time, and that he would sell the shares of Hutchison Whampoa in an orderly manner at the appropriate time to provide an opportunity.
Zhang Heng listened to the meaning of Shen Bi's words just now, and he should be able to complete this transaction soon.
As one of the four major British-funded foreign companies, Hutchison Group has a total of 8 listed companies, including Hutchison Whampoa, Hutchison Group, Watsons, Hutchison Properties, Metropolis Real Estate, Kwan Yi Cang, Anderson Daya and Harbour Engineering, and its business covers import and export trade, wholesale and retail commerce, commerce, container transportation, docks, warehouses and transportation, real estate, stone mining, construction, and investment business.
Hutchison Group's flagship company, Heung Kong International Terminals Limited, is the world's largest privately owned container terminal operator, operating 257 berths in 45 ports around the world, with five of the world's seven busiest ports being operated by Hutchison Whampoa.
Today, Hutchison Whampoa has a total throughput of 40 million square feet of TEUs, and the Hutchison Whampoa Group owns the largest port in the UK, as well as the Port of Harwich and the Port of Thames.
In addition, it also holds significant interests in the Netherlands, Belgium, Germany, Poland, Spain, Indonesia, South Korea, Malaysia, Myanmar, Pakistan, Thailand, Vietnam, Egypt, TSNY, Oman, Saudi Arabia, Argentina, the Bahamas, Ecuador, Mexico and Panama.
After Zhang Heng annexed Hutchison Whampoa, he would become one of the largest real estate developers in Xiangjiang, and his strength was no worse than that of other British-funded foreign firms.
The more he thought about it, the happier he became, because with Hutchison's solid foundation in trading, excellent management talents, and the huge profits brought by Whampoa's real estate development, Zhang Heng believed that he would soon be able to build Hutchison Group into one of the largest, most extensive and most powerful conglomerates in Heung Kong.
Sure enough, within three days, Shen Bi called Zhang Heng to discuss the specific matters of the transaction with Huang shares, Zhang Heng did not publicize it, but came to HSBC secretly, because Zhang Heng understood that the transaction had not been completed, and if others knew that Zhang Heng was going to acquire the four major British banks, it would easily cause unnecessary trouble.
Zhang Heng and Shen Bi discussed the value of the stock and the trading method, originally Shen Bi wanted to keep a part of the shares of Hutchison Whampoa, of course Zhang Heng would not agree to this trading method, the two of them after a heated discussion, and finally when Zhang Heng proposed to complete the transaction at the current market price, Shen Bi agreed to complete the transaction with Zhang Heng's method, because according to the market price acquisition, HSBC can get nearly 1.5 billion profits, Shen Bi will certainly not object to Zhang Heng's proposal.
The next day, Shen Bi convened a board meeting and proposed at the board meeting to discuss the sale of HSBC's shares in Hutchison Whampoa.
Zhang Heng had to admire Shen Bi for choosing a very clever time, when the directors of Jardine Matheson and Swire, two major British banks, could not attend the board of directors due to affairs, he convened the board of directors to discuss the transfer of HSBC's shares in Hutchison Whampoa, and Shen Bi can be said to have passed the resolution to sell the shares to Zhang Heng at the board meeting without anyone stopping him.
If the directors of Jardine Matheson and Swire were present, they would not easily agree to hand over the shares of Hutchison Whampoa to Zhang Heng, and Shen Bi estimated that it would be difficult to complete the deal.
The day after the agreement was passed, Shen Bi personally presided over the transaction, and the acquisition was conditional on Zhang Heng paying a total price of 2.3 billion Hong Kong dollars immediately, so that he could obtain 33% of the shares of Hutchison Whampoa held by HSBC, and completed the transaction at a price of 16.6 yuan per share, which is not cheap, even so Zhang Heng was very happy.
This matter can be regarded as a happy one, Zhang Heng got the shares of Hutchison Whampoa that he always wanted, and HSBC not only got rid of this burden, but also obtained a profit of 1.5 billion yuan in this transaction.
Of course, some people were unhappy that the transaction was not consulted with the management of Hutchison Whampoa in advance, but only informed Hutchison Whampoa's chief executive officer, Willy Willy, after the meeting.
Hutchison Whampoa was betrayed by HSBC without his knowledge, to be exact, by his compatriot Shen Bi.
Zhang Heng estimated that Shen Bi had become a typical traitor and a traitor in the eyes of British-funded businessmen.
Fortunately, the British don't like class struggle, otherwise, Shen Bi will have a hard time in the future.
The embarrassment of Hutchison's management is self-evident, and the anger of Wei Li and others can be imagined, but fortunately, Hutchison has basically embarked on a normal development track.
When Zhang Heng completed the transaction with HSBC, he announced the news, which immediately caused a sensation in the entire Xiangjiang.
Many English-speaking foreign reporters stared at Shen Bi and asked why he chose Zhang Heng to take over Hutchison?
Shen Bi replied: "Zhang Heng is a very talented young man, and Wharf has appreciated by 500 million in just half a year under his management.
Moreover, Heung Kong has regulations that banking institutions are not allowed to hold shares of non-financial institutions for a long time, and Hutchison Whampoa only injected capital into Hutchison Whampoa by helping it get out of trouble in 1975.
Now that Hutchison Whampoa is out of trouble, it is logical for HSBC to sell Hutchison shares at this time, and Shen Bi said in front of reporters that he firmly believes that Zhang Heng will contribute to the future development of Hutchison and carry it forward.
Zhang Heng held a very large press conference after completing the transaction
Zhang Heng announced that Oriental Land has acquired the shares of Hutchison Whampoa, accounting for about 58% of all the issued shares of Hutchison Whampoa, and Oriental Land has become the largest shareholder of Hutchison Whampoa.
And bold claims
Since then, the people of Xiangjiang have their own history of participation and gradual domination, instead of continuing the humiliating colonial history of "Chinese and dogs are not allowed to enter and exit", and a new era is coming
"Business genius Zhang Heng made another move to seize the controlling stake of Hutchison Whampoa, one of the four major British-funded foreign companies in Hong Kong"
In just one year, Zhang Heng successively won the Wharf and Hutchison Whampoa, achieved a triple jump in wealth, and achieved a billionaire family at the age of less than 20. ”
The next day, various newspapers and magazines in Hong Kong published the news of Zhang Heng's acquisition of Hutchison Whampoa with eye-catching headlines, describing it as if an atomic bomb had been dropped over Hong Kong, and its earth-shattering energy not only caused a sensation in Hong Kong but also caused the Hang Seng Index of the stock market to soar.
Zhang Heng's bold declaration was also reported, which aroused the pursuit and worship of many people in Xiangjiang, and introduced Zhang Heng as the pride of Xiangjiang.
The transaction between Zhang Heng and HSBC was pointed out by the Far Eastern Economic Review as "the transaction of the century that made Zhang Heng soar into the sky"