Chapter 286: Great Benevolent

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What is Hongkong Land in the eyes of Chinese companies?

It's a big piece of Tang monk meat!

At that time, after the old British-funded companies such as Qingzhou Yingxiao, Hutchison Whampoa, and Wharf were swallowed by Chinese-funded consortia, the myth of the invincibility of British-funded consortia has been completely shattered. The Chinese-funded tycoons, who are getting bigger and bigger, are beginning to turn to the next target: Hongkong Land.

Hongkong Land's lure to Chinese property developers is huge, and it has a large portfolio of high-end commercial buildings in the heart of Hong Kong's economy, with a prime location in the banking district of Central, which is known as the 'crown jewel' of Hong Kong Real Estate. Only after controlling Hongkong Land can it truly be called the 'king of kings' in the real estate industry of Hong Kong.

Three years ago, rumors were widespread in the market about the acquisition of Hongkong Land by Chinese tycoons, with some saying that Li Ka-shing was collecting shares in Hongkong Land, some saying that Li Ka-shing was joining forces with Pao Yugang to challenge Hongkong Land, and even claiming that the Chinese major investors would directly acquire Jardine Matheson and control Hongkong Land through Jardine Matheson.

Jardine Matheson and Hongkong Land are indeed in a bad situation - Jardine Matheson is struggling with overseas operations, profitability is stagnant, the majority shareholder Keswick family only holds about 10% of Jardine Matheson's shares, and Jardine Matheson and Jardine Securities only hold about 20% of Hongkong Land, Hongkong Land's share price is significantly lower than its net asset value, which is an ideal target.

In the face of the crisis, Jardine Matheson Chairman Niu Bijian and Hongkong Land's Managing Director and General Manager Bao Fuda decisively adopted the method of mutual control of Jardine Matheson and Hongkong Land to consolidate the equity of the two groups.

To be fair, Niu Bijian and Bao Fuda have done a very good job -- mutual control, and the Hong Kong government's revision of the definition of controlling stake in listed companies from 51 percent in the past to 35 percent, the controlling stakes of the two groups can be described as solid, making it difficult for the long-coveted Chinese-funded tycoons to take a step beyond Lei Chi.

But-

No matter how strong the defense is, it can't stand up to collapse from within.

After consolidating control of the group, Niche and Bao Fuda regained confidence in the prospects of Hong Kong, especially Hongkong Land, under the auspices of Bao Fuda, Hongkong Land's investment strategy changed 100 degrees, ignoring a series of headwinds that had already occurred during the Heung Kong real estate boom at that time, and quickly transformed from a conservative and steady real estate investor to an active and aggressive real estate developer.

Of course, Hongkong Land's profits did grow significantly during this period – in '80, Hongkong Land's annual profits from the sale of shares in Golden Gate Building and Wharf reached HK$610 million, double that of '79. In '81, Hongkong Land's annual profit increased to HK$1.43 billion, more than double that of '80.

Such brilliant results have made the decision-makers of Hongkong Land led by Bao Fuda abandon the conservative, steady and weighted investment strategy they have always pursued, and turn to aggressiveness, impatience and speculation.

In just two or three years, Hongkong Land has rapidly expanded into a comprehensive conglomerate with diversified businesses in real estate investment and development, hotels, retail trade, telecommunications, power supply, etc., and its market value has exploded to nearly 20 billion yuan.

It can be said that as of the first half of 81, Hongkong Land's situation is very good!

However,

Because the judgment of the management of Hongkong Land headed by Bao Fuda on the political and economic situation in Hong Kong has been seriously out of touch with the objective reality.

As a result, when the stock market and the property market both fell, and the real estate market collapsed, Hongkong Land began to suffer serious losses, and it was in a predicament of being in a dangerous city.

To add insult to injury, Xu Cun actually sold the stocks that were vacant of Hongkong Land when it was at its weakest.

Honestly-

If Xu Cun is just a vacant land, it is not placed in the life of a land with a deep heritage.

But once Hongkong Land is torn open by Xu Cun, those Chinese-funded groups that have been eyeing Hongkong Land for a long time will definitely come up to bite Hongkong Land or even Jardine Matheson!

Although the Chinese-funded groups at this time are also extremely weak, but even so, they will definitely be desperate to snatch the crown jewel.

Therefore, Hongkong Land and Jardine Matheson must not allow Xu Cun to tear apart or even dismember Land!

Is it too much for Xu Cun to ask for the land king by the sea on Hong Kong Island and the old wing of the Miramar Hotel (the shares of Phoenix Terrace are the head)?

Excessively!

Very excessive!

Extremely excessive!

Although Hongkong Land won the land king on the waterfront of Hong Kong Island for 4.755 billion yuan, and the old wing of the Miramar Hotel in the central tourism area of Tsim Sha Tsui, which was purchased by a consortium with Jianing for 2.8 billion yuan, is now worth 5 billion Hong Kong dollars.

But the account can't be counted like this - you must know that Hongkong Land can win the land king by the sea on Hong Kong Island and the old wing of the Miramar Hotel, and it is not only the money that it has to pay, but also the advantages that only the British-owned group has. In addition, the land king on the waterfront of Hong Kong Island and the old wing of the Miramar Hotel are treasures with endless potential. Therefore, not to mention 5 billion Hong Kong dollars, it is 10 billion, 20 billion Hong Kong dollars, and Hongkong Land is not willing to sell these two pieces of land!

But what Xu Cun is holding in his hand is not 5 billion Hong Kong dollars, but Hongkong Land's lifeline! As long as Hongkong Land, including Jardine Matheson, does not want to be eaten by the Chinese-funded group, he has to give up the two treasures of the land king by the sea on Hong Kong Island and the old wing of the Miramar Hotel!

Judging from the landmark, Xu Cun's move is to take advantage of the fire to rob, and Xu Cun is still the most despicable predator!

From Xu Cun's side, it is not the case - Xu Cun feels that he is a great good person. In the face of Jardine and Land, which started by selling opium in China G, he actually asked for such a small benefit, what is he Xu Cun not a good person?

Of course, the reason why Xu Cun only wants the two pieces of land on the seaside of Hong Kong Island and the old wing of the Miramar Hotel, and also has the face of You Min and Shen Congee -- in front of You Min and Shen Congee, the two most powerful British G-Guys in Xiangjiang, Xu Cun can't always eat too ugly, right? After all, there are still 14 or 5 years before the return of Xiangjiang, and in this long 14 or 5 years, Xu Cun still has to deal with these two British G-Guys, right?

Although You Min and Shen Congee had the face, Xu Cun only gave Hongkong Land three hours to think about it - shopping malls are like battlefields, and they must race against time! Therefore, Xu Cun will never give Hongkong Land too long to think about it, lest it cause any more complications.

……

Does Hongkong Land have a choice?

The answer is obvious - three hours later, in the presence of You Min and Shen Congee, Huangtu Land signed a secret contract with Hongkong Land that was considered a loss of power and humiliation to Hongkong Land.

Step out of the HSBC headquarters building.

He Chaoqiong Lizhi, who witnessed Xu Cun's rise, looked at Xu Cun's not too tall back, and couldn't help but be stupid - He Chaoqiong and Li Zhi invariably found that they loved this man who had repeatedly created miracles, even to the point of being unable to extricate themselves!

Mei Aifang, who also witnessed all this, was also stupid - it's just that, compared with He Chaoqiong and Li Zhi, Mei Aifang's mentality is slightly calmer.

Several other witnesses, Yuan Tianfan, Wang Xuejie, and Tu Weihua, showed varying degrees of admiration for Xu Cun.

……

(To be continued.) )