Chapter 184: There are rules to make a circle
Approaching the end of work, Li Hualong sat in his office and read the text.
"Bang bang!" Li Hualong heard a knock on the door.
"Enter!" Li Hualong looked up at the office door and shouted.
He Shanheng pushed open the door, smiled slightly, and said, "Ah Long, let's go to the hotel for dinner tonight." ā
"Uncle He, not tonight, I have something to go home." Li Hualong said and stood up, "Next time, next time, I'll treat you." ā
"Okay, next time." He Shanheng smiled, "You will come here to work more in the future, and make more suggestions for the development of Hang Seng Bank." ā
"I'll come here often when I have time." Li Hualong smiled, "Actually, it's the same whether I come or not, I believe that under the leadership of you, Manager Li and other senior executives of the company, Hang Seng Bank will definitely grow rapidly." ā
"Don't say that, before, you built YƬ Hang Seng Bank to invest in stocks, and the book income of these investments was far higher than the interest on lending money to customers."
After chatting a few words, Li Hualong said that he was going home, and before saying goodbye to He Shanheng, he took a few copies of the text and prepared to take it home to read.
After returning to the door by car, Li Hualong met Chen Sisi, who had just gotten off work.
"Sisi, it's time to get off work!" Li Hualong greeted with a smile.
"It's time to get off work." Chen Sisi smiled, "The new Hang Seng Bank headquarters building has been completed, how does it feel?" ā
"It feels pretty good!" Li Hualong stretched out his hand to hold Chen Sisi's hand and pointed to the pavilion in the courtyard, "Let's go sit for a while." ā
"Okay!"
The two came to the pavilion and sat down, and Chen Sisi asked: "I heard you say before that it has been almost a year since the merger of Shangri-La Hotel and InterContinental Hotel, and Shangri-La Hotel has been open, why hasn't there been any progress?" ā
Li Hualong replied with a smile: "The conditions for the merger have been negotiated, and in a few days, the merger procedures will be handled." ā
Chen Sisi asked curiously: "What is the current stock price of InterContinental Hotel?" ā
"Last week's closing price was HK$28 per share, and today it is up. Or fall, I don't know. ā
Li Hualong smiled, paused for a moment, and continued: "After the merger of the two hotels, the total share capital will reach 20 million shares. ā
Chen Sisi sighed: "I can't imagine that the market value of the two hotels can reach 560 million Hong Kong dollars. ā
"In recent years, Hong Kong's stock market and property market have been too busy."
"Too prosperous?" Chen Sisi glanced at Li Hualong with a smile, "Listen to what you mean, you are starting to be bearish on the stock market and property market?" ā
"No, I feel that in the next two years, the stock market and the property market have a lot of room to rise."
Two days later. On Wednesday, InterContinental Hotels Limited applied to the Stock Exchange to suspend trading, and on this day, the two hotels jointly announced that InterContinental Hotels will issue 10 million new shares for the acquisition of Shangri-La Hotels and Resorts, and the listed company will be renamed InterContinental Hotels Group Limited.
On Wednesday evening, after getting off work, Li Hualong went home to have dinner with his family.
Before dinner. Li Yisong asked: "Aaron, when will the Intercontinental Hotel resume?" ā
"Trading resumes on Friday." Li Hualong smiled, "Abba, do you still want to ask me." Will the stock price rise? ā
"Yes!" Li Yisong smiled and nodded.
"I feel like it's going to go up slightly or it going down."
"Didn't you say it?" Li Yisong smiled.
"I don't have the idea of selling cash-out stocks for the time being, and the momentary ups and downs don't matter much."
Li Yisong glanced at Li Hualong a few times. smiled and sighed: "God also favors you too much." ā
"Abba, many people say that I am the reincarnation of the God of Wealth, for the God of Wealth. Making money is the easiest thing to do. ā
"Don't be arrogant......"
"Sir, it's time for dinner!" Filipino maid A-Ying came to the living room and interrupted Li Yisong's words.
In Li Hualong's house, Li Hualong is the master, and Li Yisong is the old lady.
"Abba, let's go to dinner first. After dinner, you continued, "I'm listening." ā
"I think it's left and in, and the right ear is out." Li Yi joked.
"Am I so disobedient?" Li Hualong smiled bitterly.
"Sheng Ren, did your father not listen to your grandfather?" Li Yisong asked Li Hualong's eldest son with a smile.
"Of course not." Li Shengren said with a smile.
"It seems that grandpa hurts you in vain!" Li Yisong smiled and rubbed his grandson's head.
"Grandpa, you told me that you have to be real, and if I tell a lie in order to please you, you will definitely be unhappy."
"Makes sense!" Li Yisong said happily, "Let's go, let's go to dinner." ā
The next morning, Li Hualong had just had dinner when he received a call from Li Huawen.
After chatting a few words, Li Huawen said: "I just saw a report in the newspaper about the merger of InterContinental Hotel and Shangri-La Hotel, when will InterContinental Hotel Group acquire Holiday Inn?" ā
"There's no urgency." Li Hualong smiled, "If you are short of money and want to sell the shares of Holiday Inn, it has little to do with merging or not." ā
"I'm thinking about you, InterContinental Hotels Group has acquired Holiday Inn, the two listed companies have become one, you are the absolute controlling shareholder, it is easier to sell shares and cash out." Li Huawen said with a smile.
"Uh......" Li Hualong smiled and pondered for a moment, "Since you have this idea, then in a few days, Holiday Inn will hold an interim board of directors to discuss the merger and acquisition." ā
"How do you merge and acquire?" Li Huawen asked.
"IHG issues new shares, plus some cash, in exchange for Holiday Inn shares." Li Hualong smiled, "What is the current stock price of Holiday Inn?" ā
"Yesterday's closing price was HK$14 per share, which is exactly half of the share price before the InterContinental closed down. IHG's new shares can be exchanged for two Holiday Inn shares with one new share, without the need for shares. ā
"Before the acquisition of Holiday Inn, IHG can give away shares to shareholders, one share for one share, double the total share capital, and double the share price, so that when acquiring Holiday Inn, one share can be exchanged for one share."
"That's fine." Li Huawen paused and asked. "Are you going to announce the news of the stock giveaway before the Intercontinental Hotel opens?"
"Announce this today." Li Hualong said.
"Absolute holding is this good, it must be a trivial matter, and it does not need to be discussed on the board of directors, and the chairman can make a decision." Li Huawen said with a smile.
"I'll call the board members before the announcement, and if they keep objecting, I'm not going to stand up."
"You can handle it." Li Huawen said with a smile, "Do you want to apply for a suspension today?" ā
"There's no need for that, but. It's best not to sue anyone else about this. Otherwise, shareholders know about this and may speculate on the stock price of Holiday Inn. ā
"I know."
"Nothing else, right?"
"It's gone, it's hanging."
It took more than 10 days for InterContinental Hotels Limited to complete the merger and acquisition of Shangri-La Hotels Co., Ltd. and change its name to InterContinental Hotels Group Limited. Intercontinental Group acquired Holiday Inn, a listed company, on a share-for-share basis.
After the completion of this series of actions, the total share capital of InterContinental Hotel reached 50 million shares, and Li Hualong personally held 33.7 million shares of this listed company, with a shareholding ratio of 37.4%. It is regarded as the absolute controlling shareholder, and in addition, Li Yisong, Li Huawen and Li Huahu all hold shares of this company.
On December 12, the night before the resumption of trading of IHG. In addition to Li Hualong and Li Huawen, other shareholders of the Hong Kong Stock Exchange gathered in the private dining room of the Shangri-La Hotel for dinner.
After several years of development, the shareholders of the Hong Kong Stock Exchange have changed. Li Hualong and Li Huawen hold 30% and 10% of the shares respectively, with Li Fuzhao, chairman of the Stock Exchange, holding 25% of the shares, and the remaining 35% of the shares held by 10 shareholders.
After chatting a few words, a shareholder named Guo Liyuan said: "InterContinental Hotels Group will resume trading tomorrow, do you think the stock price will rise?" ā
"Liyuan, do you want to fry the short term?" Li Fuzhao asked with a smile.
"It's really good to have a little spare money in my hand, and I plan to speculate in the short term." Guo Liyuan said with a smile.
"You can speculate on stocks if you want to, but you can't speculate on your own, buy stocks in the name of your family." Li Fuzhao built yƬ said.
"Okay!" Guo Liyuan nodded thoughtfully, "I feel that some of the regulations of our Stock Exchange for listed companies are too simple, there are many loopholes to exploit, in the United States, the top management of the stock exchange is definitely not allowed to buy and sell stocks, even if it is their family, there are many restrictions." ā
"If the management is too strict, we will lose a chance to make money." A man in his thirties said that his name was George. Anthony, a mixed-race child, has a British-born father, and with the support of his father, he bought some shares in the Stock Exchange earlier this year and became a shareholder of the Stock Exchange.
"There are no rules, only by making Hong Kong's financial market bigger and more active, the income of the Stock Exchange will definitely continue to grow, we take a long-term view and focus on the immediate interests." Li Fuzhao said, "If we, the senior executives of the Stock Exchange, make money with the help of inside information, even if we can hide it for a while, the secret will always be made public one day, and I really don't want us to become the target of spurning by the majority of shareholders in the future." ā
"Chairman Lee is right." A shareholder named Wang Jingtian nodded, "There are no rules, there is no circle." Those of us who make the rules think about making money with loopholes, which is too dangerous, and if we don't make trouble, we will be ruined. ā
"Makes sense." Guo Liyuan smiled and nodded, "Then I won't invest in buying IHG shares." Chairman Li, I would like to talk to Li Hualong and Li Huawen, and if you have any questions and ideas, you can put them in the board of directors of the Stock Exchange for discussion. ā
"What do you think, now you can talk about it." Li Fuzhao said.
"Chairman Li, Li Huawen and Li Hualong are shareholders of the Stock Exchange, they are not shareholders of many listed companies, they can buy and sell stocks, we can't buy and sell stocks, which is too unfair." George. Anthony said.
"This ......" Li Fuzhao was stunned for a moment and said with a smile, "They are shareholders of the Stock Exchange and members of the board of directors, but none of them participate in the management of the Stock Exchange. ā
"yes." George. Anthony muttered, thought for a moment, and said, "In the long run, the strict management of the Stock Exchange is more beneficial to us shareholders. I think it's better for Li Hualong and Li Huawen not to be directors of the Stock Exchange, they can appoint representatives to serve as directors, so as to avoid suspicion. ā
"That's a good idea." One shareholder, Tian Weimin, said, "But will they agree?" ā
"There should be no problem, tomorrow morning, I will call Li Hualong and talk about this matter, I am sure he will understand." Li Fuzhao said with a final word.
The next morning, before Li Hualong was eating breakfast at home, he received a call from Li Fuzhao.
"Mr. Li, congratulations, InterContinental Hotels Group is about to resume trading." Li Fuzhao said with a smile.
"Thank you!" Li Hualong smiled slightly, "Fuzhao, I know you won't call me for this little thing, is there something wrong?" Hehe, let's talk about something. ā
"Mr. Li, that's right, last night, I had dinner with several shareholders of the Stock Exchange, and some people said that they wanted to speculate on the shares of InterContinental Hotels Group for a short time, and then some people proposed that we, the senior management of the Stock Exchange, should not buy and sell stocks, so as to prevent the senior management of the Stock Exchange from making money by speculating in stocks with inside information...... What do you think? ā
Li Hualong was stunned for a moment when he heard this, and said with a smile: "It makes sense." To be honest, whether it is the Stock Exchange or the Hong Kong Stock Exchange, the management rules and regulations are too loose, like a sieve, there are many loopholes, there are many loopholes to exploit...... In two days, I will say to my eldest brother that I will quit the board of directors of the Stock Exchange with my eldest brother, but I demand that the board of directors of the Stock Exchange be reformed and the twelve board seats will be reduced by one, and four of the seats will be filled by someone designated by me and my eldest brother, right? ā
Li Fuzhao thought for a while and said with a smile: "I agree with your suggestion." ā
"If you don't object, my eldest brother doesn't object, the three of us can decide." Li Hualong smiled, "Fuzhao, have you had breakfast?" ā
"I've eaten it."
"You're early enough!"
"Sorry, I won't bother you with breakfast, goodbye!"
While eating breakfast, Li Yisong asked, "Aaron, go to work in the hotel today?" ā
Li Hualong replied: "No, go to work in Hualong Real Estate Company." ā
After breakfast, Li Hualong sat in the living room and read the newspaper for a while, he said goodbye to his family and went out to work.
In the evening of that day, Li Hualong made a phone call to Li Fuzhao, chatted a few words, and asked, "How is the stock price table of InterContinental Hotels Group today?" ā
"The opening price was HK$14.5 per share and the closing price was HK$1.462 billion, and the trading was quite active on this day, with a volume of more than 500,000 shares."
"Not bad, not bad!" Li Hualong said, "Based on the closing price, the market value replied that it was 731 million Hong Kong dollars. ā
"Now that the stock market is doing well, I feel that there is still a lot of room for growth in the share price of IHG."
"I hope so!" Li Hualong smiled and said, "How much has the Hang Seng Index risen today?" ā
"It has risen by 3.5 points, and the shares of two listed companies have risen by more than 10 percent, however, there are also many companies whose shares have fallen, and overall, the number of stocks that have risen is a little more......"
After chatting a few words, Li Hualong hung up the phone and rode home with joy. (To be continued......) R1292