Chapter 197: Negotiations Begin
Li Hualong approached the Swire group to discuss the development of the Swire dockyard, he never told his family, although formal negotiations have not yet begun, but he feels that tomorrow, he will have to meet the fourth generation of the Swire family, York. Kizton. Wyah Swire (John-Kidston-Swire), this cooperation, basically has a drama.
After lingering, Li Hualong, who was in a happy mood, told Yang Meng about the matter.
"How much money do you need to invest?" Yang Meng asked.
"My idea is to invest HK$300 million, Swire Group will take land as a shareholder, and the shares of the joint venture company will be half of each, and the market value of the joint venture company will be overvalued by HK$100 million at the time of the backdoor listing, and the market value of the shell, and the funds raised from the subsequent issuance of new shares, will be worth HK$300 million, so that Swire Group and I each hold 35 shares."
"Oh!" Yang Meng answered, thought for a moment, and then asked, "Which company are you going to use to go public?" ”
"United Real Estate Company."
Yang Meng knew when United Real Estate Company was listed, and she also knew that at the beginning of the listing, the company owned two properties, Xinxianli Building and Songhe Building, but she did not know the development of this company after it was listed, nor did she know how much the company's market value was now.
"What is the current market value of this company?"
"More than 120 million." Li Hualong replied with a smile.
"I remember right, at the beginning of the company's listing, the market value was only 30 million Hong Kong dollars, and in 1967, the stock price fell a lot, and it has only been a few years, and the market value has risen so many times?!" Yang Meng said with a slight surprise.
"During the June Seven riots, the company did not pay dividends, and also borrowed money to buy three pieces of land, an office building, two high-end residences, and now they are all completed, in the past two years, Hong Kong's housing prices have skyrocketed, and the market value has risen faster, which is normal."
"Did you buy stock in this company?"
"I bought it, I hold 100,000 shares, the eldest brother and the fourth brother both hold 60,000 shares, plus the 330,000 shares held by Abba for a total of 550,000 shares, accounting for 55% of the shares." Li Hualong smiled, "If you don't have absolute control over this company, it will be a little inconvenient to go public through a backdoor listing." ”
Yang Meng was silent for a while and smiled.
"What are you laughing at?"
"I don't know what the Swire Group thinks, don't be wishful."
Li Hualong smiled and said, "I know, I won't shave my head and pick my head hot." ”
Yang Meng asked: "At the time of the backdoor listing, the market value of the joint venture company was overvalued by HK$100 million, would the minority shareholders of United Real Estate Company accept it?" ”
"No, I will make all kinds of guarantees to ensure the interests of the minority shareholders, if the original minority shareholders of the small United Real Estate Company are worried about the loss of the interests of the funds, then they can mortgage the shares to me for three months, and within three months, they can choose to sell the shares to me, and the price will increase by 10 percent."
"You guarantee that in six years, the stock price will rise by 200, and the investment income is so rich, it will definitely attract many investors to subscribe for new shares......" Yang Meng muttered, worried, "Ah Long, will you take too much risk?" ”
"You didn't fully understand what I meant, the shares in the hands of Swire Group have risen by 200% in six years, and when the backdoor listing was made, the market value of the joint venture company was overvalued, and for the original shareholders of United Real Estate, as well as the shareholders who subscribed for the new shares, the stock price did not rise so much."
"Then do the math yourself, how much will it rise?" Yang Meng asked with a smile.
"I have set up a joint venture with the Swire Group, with a total share capital of 600 million shares at HK$1 per share. The market value was overvalued by HK$100 million, and at the time of the backdoor listing, the market value of the joint venture was overvalued by HK$100 million, and the stock price was a bit difficult to calculate......"
Li Hualong paused and continued: "It is overvalued by 120 million Hong Kong dollars, and the stock price is 1.2 Hong Kong dollars per share. How many shares are there in total? Hehe, it's a bit hard to calculate, then it's 300 million shares, 1.2 Hong Kong dollars per share. Prior to the backdoor listing, the shares of United Real Estate were to be split. The total share capital is 900 million shares, and for the original shareholders of United Land, as well as the shareholders who subscribe for the new shares, the cost of the shares is 1.2 Hong Kong dollars per share, and after six years, the stock price has risen to 3 Hong Kong dollars, an increase of 150, which is not very large. ”
"Aren't you still guaranteeing that the stock price will rise in six years, up 15% every year, and the stock price will exceed 5 Hong Kong dollars after the 10th anniversary?"
"Exceeded. If I'm not mistaken, it seems to be HK$5.25 per share. ”
"I have a good memory!" Yang Meng said with a smile.
"Maybe I'm mistaken." Li Hualong smiled.
"Even if it is HK$5.25 per share, the total share capital is 900 million shares, and the market value is HK$4.725 billion...... Don't you think it's risky? ”
"No, it won't." Li Hualong smiled confidently, "In the past ten years, my personal assets have increased more than tenfold. ”
"It's up to you, even if it's this project, you won't lose much, after all, you own a part of the shares." 、
Yang Meng yawned as he spoke, smiled slightly, and said, "Turn off the lights, I'm sleepy." ”
"Turn off the lights!" Li Hualong shouted.
"Be quiet, the child is sleeping!" Yang Meng hurriedly reminded softly.
"Huh!" Li Hualong turned off the light with a smile and kissed Yang Meng's lips, "Mengmeng, good night!" ”
"Don't call me baby anymore?" Yang Meng asked with a smile.
"Baby, good night, good dreams!" Li Hualong said with a smile.
"Good night, husband!" Yang Meng pursed his lips and smiled, closed his eyes, and entered the dream with a smile on his face.
At night, the child did not cry, Yang Meng slept beautifully, and she slept until she woke up naturally.
After waking up, Yang Meng found that Li Hualong was not sleeping on the bed, and was stunned for a moment, confirming that her husband was a guest with her last night, and muttered, "I got up so early." ”
Yang Meng didn't go back to sleep, nor did he lie in bed, he got up and saw Li Hualong sitting at the desk writing, and smiled: "Ah Long, what are you writing?" ”
Li Hualong turned around, looked at his wife, and said with a smile: "Get up, don't you want to negotiate with Swire Group today, I had some new ideas yesterday, write them out, and when we negotiate, you can talk to the other party." ”
The two looked at each other a few times, and Yang Meng asked with a smile: "You really want to cooperate with Swire Group?" ”
"It's kind of hopeful."
"If there is no cooperation, can you get a higher rate of return with the 300 million yuan you are ready to invest in other investments?"
Li Hualong smiled and asked, "You are your husband and I are an immortal, can you pinch it?" ”
"I won't tell you, you're busy, I'll get up and wash."
More than two hours later, in his office in the Hualong Building, Li Hualong met with York, the fourth-generation head of the Schwyer family. Kizton. John Kidston – Swire, and three of his companions.
Li Hualong has dealt with the current head of the Schwyaw family many times before, and his company has bought four plots of land from the Swire group.
"Mr. Swya, it's a pleasure to see you again." Li Hualong shook hands warmly.
"I'm glad too, Mr. Lee." The head of the Shi Huaiya family briefly introduced his three companions, and Li Hualong shook hands with them one by one.
"Sit down, what do you have to drink?" Li Hualong asked.
"Coffee." All four said they drank coffee.
Li Hualong also asked for a cup of coffee, usually, he rarely drinks coffee, he prefers tea, but he thinks that on this occasion, he thinks it is better to drink the same drink as the other party.
Before the formal negotiations, the four of them drank coffee for a while and chatted a few words.
Sipping coffee and chatting.
"Mr. Li, I know that you are a cheerful person, so I will tell you the purpose of today's trip." Shi Huaiya smiled, "The terms of cooperation you offered, in general, are acceptable to the Swire Group, but some details still need to be discussed. ”
"Please!"
"Although you have made a promise to acquire shares of the joint venture company in the future, however, the sky is unpredictable, and I hope that your promise is safer."
Li Hualong was stunned for a moment when he heard this, and said with a smile: "What do you want me to do?" ”
"You set up a wholly-owned investment company and the investment company holds the shares of the joint venture company, and in addition to injecting funds into the joint venture company, you also want to inject 180 million shares of Hang Seng Bank into the investment company. For a limited period of time, the investment company cannot have other investments and cannot have liabilities. It is not possible to use Hang Seng Bank's shares as collateral to borrow money from banks. ”
"No way!" Li Hualong shook his head and said, "I can set up an investment company to hold the shares of the joint venture company, and I can also inject shares of Hang Seng Bank into this company, but 180 million shares is too much." ”
"Mr. Li, in ten years, your holdings of Hang Seng Bank's shares will not be less than 180 million shares, right?" Shi Huaiya asked.
"I know what you mean, even if I don't sell Hang Seng Bank's shares in the future, I won't inject too many Hang Seng Bank shares into this investment company, after all, you also said that this company's deposit is to ensure the interests of other shareholders of the joint venture company, and it can't make other investments, and it can't have debts."
Shi Huaiya thought for a moment and asked, "How many shares do you think is appropriate for Active Hang Seng Bank?" ”
"Up to 60 million shares."
Shi Huaiya shook her head and disagreed: "Sixty million shares, this is too little, and it cannot guarantee our interests." ”
"Listen to me. In recent trading days, Hang Seng Bank's share price has been above HK$6 per share, and 60 million shares are now worth more than 360 million shares. Hang Seng Bank is doing well, and as long as Hong Kong's economy doesn't collapse, it's not hard to triple the company's share price after ten years. If you hold the shares for 10 years, and after 10 years, the stock price is not ideal, I will fulfill my promise to buy the shares from you, which will cost you HK$1.575 billion. In the future, the shares of the joint venture company will not be worthless, and when I fulfill my promise, I may not need to invest all the funds to buy the shares and make up the difference. In addition to Hang Seng Bank's shares, the investment company also holds shares in the joint venture, which is enough to make up the difference. ”
"Mr. Li, there are many uncertainties in what you said. You are so calculating, it will make me feel that your commitment is not guaranteed. ”
Li Hualong glanced at Shi Huaiya a few times, smiled slightly, and said: "100 million shares of Hang Seng Bank, as well as 20% of the shares of the joint venture company, and the remaining shares, I personally hold them, and I can sell them at any time to cash out, okay?" ”
"This ......," Shi Huaiya hesitated for a moment and nodded, "Yes." We're talking about backdoor listings. ”
"Mr. Shi Huaiya, in the last few days, I have some new ideas, let me tell you first."
"Please."
"I invested HK$300 million, and you bought HK$300 million in the land of Swire Dockyard, with a total share capital of 600 million shares at HK$1 per share. After the backdoor listing, you and we each hold 300 million shares, and other shareholders hold 300 million shares, and these 300 million shares may include the shares I hold, and the cost of these shares depends on my operation, but I promise that it will not be less than HK$1.2 per share, because within a month after the backdoor listing, I will acquire shares at HK$1.2 per share. As for the next 10 years, the shares of this listed company will be acquired within the agreed time and at the agreed purchase price. ”
"Okay." Shi Huaiya smiled and nodded, "There are still some details to negotiate......" R1152