Chapter 294: Chance of Finger Staining (2)
Therefore, Zhang Junyi knew that if he could really take advantage of the shock of the Xiangjiang stock market caused by the British Iron Lady meeting in China more than a month later, and he could eat the fat of HK Electric in one fell swoop, then he would really have no weaknesses in his whole body in Xiangjiang. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
But there are a lot of problems in this, at least it is much more difficult than what you want to get involved in Microsoft stock next year.
After all, the outbreak of the Microsoft incident will only happen next year anyway, and at least he can leave more than half a year of operation time, but with the acquisition of HK Electric, Zhang Junyi knows that he must cut through the mess quickly, otherwise it will be easy for accidents to occur after a long time.
Zhang Junyi, who was sitting in the boss's chair, inadvertently shook the wine glass with a little red wine left in his hand with one hand, and rubbed his temples with some worry with the other.
Regarding the reports in the media in his previous life, he said: Li Jiacheng combines the advantages of Chinese style and European and American business. After a comprehensive analysis of the acquisition target and then a handshake to implement the transaction, Zhang Junyi absolutely scoffed.
It is still the 80s when Britain controlled Xiangjiang, even if the Iron Lady fell in China a few months later, which caused a big loss of Britain's image, but there are still more than ten years before 97, and Zhang Junyi knows that even after the return of 97, Britain has been playing the idea of ownership of Xiangjiang, and is willing to let go only when he knows that the return is approaching, so he doesn't think that the Hong Kong Lantern created by the British will be so easy to get his hands on Li Jiacheng.
However, compared with himself, Li Jiacheng does have a lot of advantages over himself in the relationship with HK Electric, which Zhang Junyi still admits.
Founded in 1889, Heung Kong Electric has developed into a diversified large-scale enterprise group in the 70s of the 20th century, with business including power generation, real estate, engineering services and electrical appliance trading, and has become one of the top ten listed companies in Heung Kong by market capitalization.
As early as November 1980, Lee Ka-shing had already established a cooperative relationship with Heung Kong Electric when Cheung Kong Asset, a subsidiary of Lee Ka Shing, and HK Electric formed the International City Group Limited to jointly develop HK Electric's land into residential properties, including City Garden in North Point and Belvedere Garden in Tsuen Wan.
In the previous event, the acquisition of HK Electric was, in a sense, a personal wrestling between Lee Ka-shing and British tycoon Simon Keswick. Lee Ka-shing is the leading figure of the new Chinese tycoon, and into the 21st century, he is still a trendsetter at the Global Mall. Simon Keswick was born into an aristocratic family, and he was definitely not an uneducated and unskilled child, and after the chairman of the Jardine Matheson Consortium, Niu Bijian, stepped down, the young Simon took office and went all out to clean up the mess.
Having studied at the prestigious Eton School and Cambridge University, Simon is ambitious in developing his family's business, Jardine Matheson, and is very adept at navigating a diverse business empire. After taking office, he implemented the strategic strategy of "abandoning the car to protect the commander", "cutting branches and strengthening cadres", and "turning palm into fist", and decided to sell a large number of marginal businesses, as well as Hongkong Land's non-core businesses in Hong Kong, to strengthen Jardine Matheson's strength.
However, there is one thing that Zhang Junyi still knows through the news analysis of his previous life, after the British tycoon Simon Keswick took office as chairman of the Jardine Matheson Foundation, because he decided to sell a large number of marginal businesses and Hongkong Land's non-core businesses in Hong Kong to strengthen the strength of Jardine Matheson, HK Electric was regarded as chicken ribs by Simon Keswick at that time and became an outcast.
Zhang Junyi knows that in the acquisition war of HK Electric in the previous life, although there was not much gunpowder smell, and the buyer and seller also took what they needed, the relationship between the two parties has always been in a state of eliminating the advantages of the other and adding and subtracting, otherwise this acquisition would not have lasted for more than a year.
It is precisely because of the establishment of the ownership of the main affairs of Hong Kong, because of the fall of the British Iron Lady in China, it is not difficult to see that with the continuous passage of time, the inevitable and helpless decline of the British consortium in Hong Kong step by step, and this decline is closely linked to the national strength and influence of China Britain and the historical changes of Xiangjiang society.
This year, Hongkong Land acquired less than 35% of HK Electric Holdings at a price of $6 per share, using nearly $2.8 billion, but Cheung knew that with the crisis of confidence in Heung Kong that began to emerge more than a month later, it was definitely an unexpected nightmare for the Yizhi consortium, which had just made huge investments in different projects.
From last year to this year, the power of the Yizhi system has swelled greatly, using the silver bullet offensive to buy two stable public shares of the telephone company and the electric light company, and even arrogantly bid for the land king of Central, which is now the land where the Exchange Square is located, at a sky-high price of more than 4.75 billion.
A series of acquisitions have exhausted the cash resources of the Yizhi system, and the debt is high, with a debt of up to 15 billion yuan. Originally, with the huge assets and market reputation of the Yizhi system, there is no problem at all with large debts, as long as the real estate market is still good, the economic prospects are competitive, the capital is abundant, and the land king of the Central District is sitting, and the Yizhi system is not worried about making money under the shade of the big tree of the British government in Hong Kong. It's a pity that the trembling Mrs. Iron Lady accidentally kowtowed to the Monument to the People's Heroes in front of Tiananmen Square in the capital, which broke the confidence of the people of Xiangjiang and completely broke the confidence and illusion of the British capital in Xiangjiang.
The rumbling of cannons in the negotiations on the future of the two countries made the people of Xiangjiang, who had always only advocated mercantilism, even more uneasy, and began to emigrate on a large scale, taking away a large amount of money. In addition, a new economic recession that swept Europe and the United States and Japan has made the future of industry and commerce full of fog, and real estate has changed from a strange commodity to a priceless market.
What's worse is that the situation seems to be getting more and more pessimistic, after the second half of this year, next year, the real estate market in Xiangjiang will not improve, but will collapse completely, and the huge assets in the hands of Yizhi will depreciate sharply, almost to the verge of insolvency.
Hongkong Land, which borrowed from banks to buy a large amount of land, became a "hairy crab" in the property market, and next year Heung Kong Real Estate will collapse completely, and Hongkong Land will fall into an unprecedented debt crisis. In Cheung's impression, Hongkong Land will suffer a historic loss of HK$1.3 billion next year, as Hongkong Land, the flagship of Jardine Matheson, dragged its parent company Jardine Matheson into the quagmire, and Jardine Matheson's profit plummeted by 80% in the same financial year in the same period.
In April this year, Jardine Matheson launched a "dawn raid" operation against HK Electric through Hongkong Land, acquiring a 34.9% stake in HK Electric and becoming the company's major shareholder. The move aims to alleviate the Group's woes by controlling public shares to increase the Group's cash flow.
Jardine Abacus played very well, but he didn't expect that the fall of the British Iron Lady, who was full of confidence more than a month later, not only lost the ownership of Xiangjiang, but also threw Jardine into a deep quagmire.
But even so, in my memory, Lee Ka-shing next year because of his insight into Hongkong Land's real estate investment in the trap, so he opened his mouth and lobbied Jardine Matheson and Hongkong Land to buy their shares in HK Electric, Dairy Farm Company, Wellcome Supermarket and other shares, but the two sides never agreed on terms.
With the review of the memories of his past life, Zhang Junyi realized that this time was definitely the best time to start for himself.
As the saying goes, "those who are good and surprising are infinite as heaven and earth, and inexhaustible as rivers." ā
Although the demand for HK Electric is very urgent, and the relationship with the British is also naturally at a disadvantage, but not to say, this society is still a society that looks at money, and the funds in his hands are much richer than Li Jiacheng, this is his biggest advantage, knowing himself and knowing his opponent, in order to win a hundred battles, Zhang Junyi does not seek a hundred victories, as long as one victory can establish his unshakable position in Xiangjiang in the future, so things still can't be rushed, just now his mentality is indeed a little too urgent, and he is still realizing his own problem with the memory of the whole thing in his previous life, otherwise there will definitely be a big problem at that time, if you don't get it, you will be opened by the Jardine Lion.
Hongkong Land's rapid expansion in Hong Kong and overseas, its cash reserves have been exhausted, and it seems that it is strong and capable, which is the famous family of Hongkong Land and Jardine Matheson, and Li Jiacheng's lifeline is the lack of cash flow, in Xiangjiang, although his status is not the highest, but compared to the cash in his hand, Zhang Junyi recognizes the second and no one dares to admit the first.
Moreover, if history has not changed, in the coming September, the British Prime Minister Iron Lady visited the capital with the prestige and momentum of the victory in the Battle of the Malvinas Islands, and put forward the bad idea of exchanging sovereignty for governing power, which was rejected by Deng Lao. Later, the strongman Deng Lao announced that regardless of the progress of the negotiations between the two countries, the Chinese government would regain sovereignty over Hong Kong in 1997 as scheduled.
This series of news reached Xiangjiang, and the stock market and property market, which had long been exhausted, fell in response. With the collapse of the real estate market, several "super real estate friends" in Xiangjiang had problems one after another.
On 27 October, Hongkong Land's main partner, Jianing Group, announced that it had short-term liquidity problems and was later liquidated by banks, and on 2 November, another big real estate friend, Yida Investment, also announced a debt restructuring.
According to reports in the previous life, in the real estate downturn, Hongkong Land only lost more than 3 billion Hong Kong dollars in three major investment projects, such as the Central Exchange Square and the old wing of the Miramar Hotel.
The Keswick family, the majority shareholder of Jardine Matheson, asked the Taipan Nupp Kink for his guilt, which made the chairman of the Jardine Matheson Consortium resign unwillingly, and announced his resignation as chairman of the company on the board of directors, and soon after, Nurtur resigned as a director and reluctantly left Jardine Matheson, where he had served for 30 years.
He was succeeded by Simon Keswick of the Jardine Keswick family. Simon Keswick decided to plan a plan to save himself and repay his loans, that is, the strong man broke his arm, sold his daughter to save his son, removed his hat and mended his crotch, and sold a large number of overseas businesses and non-core businesses in Hong Kong.
The walls of Rome fell, but the city did not fall. Before Simon Keswick officially took office, the Asian Wall Street Journal reported on the changes in the top management of Jardine Matheson and its future direction under the headline "For Jardine Matheson's new Taipan, the battle has just begun".
Zhang Junyi remembered that in his previous life, as Jardine's biggest potential opponent, Li Jiacheng wanted to take advantage of the danger and win people's love when Jardine was besieged in a hurry, but the conditions proposed at that time could not satisfy Jardine, but in his previous life, it was precisely because he did not have the same weight of competition with Li Jiacheng to compete with Li Jiacheng, so he had enough patience to wait for the development of things and wait for Keswick to take the initiative to come to the door.
However, in this life, Zhang Junyi believes that because of his involvement, he will never think that things will develop like in his previous life, after all, in his previous life, Li Jiacheng was in the dark, Jardine was in the light, and Li Jiacheng would be satisfied if he had no intention or not.
But in this life, Zhang Junyi is in the dark, Li Jiacheng is in the light, Zhang Junyi has the intention to calculate Li Jiacheng's unintentionality, and the praying mantis catches cicadas and yellow finches are behind, and the moment when Li Jiacheng is waiting for Keswick to take the initiative to find the door, it is a rare and excellent opportunity, and it is also the best time for Zhang Junyi to make a move.
Luck or wisdom, which is more important?
Of course, Zhang Junyi is very good about that good wind and snow, but his whole body is full of business cells, and Simon Keswick, who has been smoked in the business field for a long time, will definitely not let go.
Although Zhang Junyi knew that Simon Keswick had studied at the famous Eton College and Cambridge University, and had also developed the family business Jardine Matheson Group wholeheartedly, and was very clear about the operation of the Jardine Group, Zhang Junyi, who had the memory of the whole thing in his previous life, would definitely know the other better than Li Jiacheng, even if Simon hoped that HK Electric could sell it for a high price, but at that time, the land had reached the bitter situation of "abandoning the car to protect the handsome", and the meat was on the chopping board, so the buyer could only let the fish and meat be slaughtered.
In his previous life, Jardine Matheson and Hongkong Land Chairman Simon Keswick would take the initiative to contact Lee Ka-shing, and the asking price was HK$6.5 to HK$6.6 per share, about 12% higher than the market price at that time, but Lee Ka-shing counter-offered the acquisition at 13% below the market value.
Because of the cooperation of HSBC, the debt-ridden man was forced to chase after the debts without the slightest mercy for his compatriots, and the debt-ridden Hongkong Land Taipan Simon Keswick had no choice but to sell HK Electric to reduce his debts.
In the end, HK Electric, a lucrative enterprise controlled by the British for a long time and holding patent rights, was finally quietly pocketed by Li Ka-shing in his previous life, and changed its ownership.
It is precisely because he knew that the final transaction price of HK Electric in his previous life was Li Ka-shing's acquisition of 34.6% of Hongkong Electric's equity held by Hongkong Land for HK$2.9 billion, so Zhang Junyi had the confidence to hook out Li Kar-shing's fat, and the most advantageous thing he had over Lee Kar-shing was that he could make a one-time cash transaction instead of several transactions in Lee Ka-shing's previous life.
When the time comes, Hongkong Land can endure the pain and cut love, you can use this to cash out, alleviate the bitter situation of high debts, take the sheep by yourself, and be happy to hold the goods, and make huge investments when the future crisis appears, which not only stabilizes the hearts of the people in Xiangjiang, but also wins the goodwill of the high-level in Beijing, and adds a profitable business to their Yitian Group, the most important thing is that they finally have a strategic weapon in Xiangjiang, killing four birds with one stone, why not.