After the acquisition of Hutchison International, Li Hualong did not stop acquiring listed companies in Hong Kong. 00]

On Sunday, January 26, Li Hualong announced that he held 30 million shares of Hong Kong Modo Hotel, and he issued an offer to fully acquire the company's shares at a price of HK$14 per share.

The total share capital of the hotel is 100 million shares, and Li Hualong's family holds 51 million shares of the company, so it can be said that he and his family are already the actual controlling shareholders of the hotel. On the previous trading day, the closing price of the Grand Hotel was HK$5.2, and Li Hualong offered HK$6.6 per share for the acquisition.

At a price of HK$8.6 per share, the market value of the Grand Hotel is HK$660 million, and in Li Hualong's eyes, the company's net assets exceed HK$700 million, and with the brand value of The Peninsula Hotel, he thinks the market value of this company can exceed HK$800 million.

Li Hualong is not worried that the Kadoorie family and other shareholders will not sell the shares of the hotel in their hands to him, he can completely ask the hotel to delist as the controlling shareholder, even if he can't let the company be delisted, as long as he controls the company, he can no longer pay dividends to shareholders, and he can also ask shareholders to continue to issue shares, if the Kadoorie family chooses not to issue shares, then the shareholding ratio will continue to shrink in the future.

Lorantz? Kadoorie was stunned for a long time when he learned that Li Hualong was going to fully acquire the hotel, and his heart felt like he had been hammered.

"Michael, our Kadoorie family is losing the Grand Hotel." Lorantz? Kadoorie looked at Michael helplessly? Kadoorie.

"Father, we can't give up, we can raise the purchase price......"

"Don't forget, Li Hualong is the richest man in Hong Kong, if all his companies are listed, he will definitely become the richest person in the world, compared to him, our family's financial resources are a little worse, if we buy the shares of the hotel at a higher price, our family may lose China Power Company."

At this time. The phone rang at home, and Michael stood up, walked over, and picked up the phone.

"Hello. I'm Li Hualong. Li Hualong introduced himself in English.

(For the sake of writing convenience and reader's convenience, I won't drag it to English.) ）

"You ......" Michael? Kadoorie heard Li Hualong's voice, was stunned for a moment, and said angrily. "Are you showing me off?"

"I'm sorry." Li Hualong said lightly, he heard the other party's voice, guessing that it was Michael? Kadoorie, "Mr. Kadoorie, I know that for the Kadoorie family, The Peninsula is like a family pride. However, I feel that the Peninsula Hotel is in my hands, and I will make The Peninsula one of the most famous hotel brands in the world, and I will invest in New York, London, Paris and other cities to build The Peninsula Hotel. In the future, when future generations will talk about the history of The Peninsula. They will say that this hotel was founded by your Kadoorie family. ”

"......" Michael was speechless, and he was furious at the moment.

Seeing that the other party didn't answer the phone, did Li Hualong hear the busy phone and asked, "Are you still listening?" ”

"You're a wolf!" Michael said angrily.

Li Hualong smiled without any concern and said, "Mr. Kadoorie, I hope that your family will sell me the shares of the big hotel in your hand, whether you buy it or not, when I take control of this company, I will ask for delisting." Finally, your family holds on to the shares of the Grand Hotel. It's not a smart move. ”

After finishing speaking, Li Hualong directly put down the phone.

"How's it going?" Li Yisong asked with a smile, he could only speak a few simple words of English, and he couldn't understand what Li Hualong said into the phone.

"What else. Definitely infuriating. ”

"Promised to sell you the stock?"

"It doesn't matter if you say yes or not." Li Hualong smiled confidently, "Actually, there is no need to be so angry, China Power Company was not founded by the Kadoorie family, and it is not Kadoorie Holdings now." ”

"It can't be said that when the Kadoorie family took a stake in CLP Power. The company is still small. And now, the Peninsula Hotel, which is owned by Grand Hotel, is the face of the Kadoorie family, and it is a loss of face to sell the ancestral business. Li Yisong said with a smile.

"Abba, I've embarrassed Kadoorie, will CLP Power cut off power to my company?" Li Hualong asked jokingly.

"Possibly, you have to be careful!" Li Yisong also made a joke.

Last year, the Hong Kong Government established the Independent Commission Against Corruption, and the emergence of this organization has greatly promoted the building of Hong Kong's legal system.

CLP Power is a listed public service company, and it is unlikely that the Kadoorie family would have a dispute with Lee Wah Lung that would allow the power company not to provide electricity to Lee Wah Lung's properties.

If Li Hualong is a small person, the Kadoorie family still has a way to disgust him, but Li Hualong is the richest man in Hong Kong, rich and powerful, and tearing his face with such a person, the Kadoorie family will not get any benefits at all.

Li Hualong thought that he had acquired the hotel, and he couldn't help but sigh, but he didn't want to launch the acquisition, he felt that since the Kadoorie family made the hotel public, and the proportion of shares held was so low, this was not an obvious opportunity for others to acquire, since the Kadoorie family did not cherish it, he would not give up this opportunity to make money.

The next day, Monday, the Magic Hotel Hong Kong Co., Ltd. was suspended.

On this day, Michael? Kadoorie stood up on behalf of the Kadoorie family and publicly stated that he agreed to sell 14.5 million shares of the hotel to Li Hualong.

Many media reporters in Hong Kong believed that the Kadoorie family was reluctant to sell the shares of the hotel to Li Hualong, but the Kadoorie family members refused to respond to the sale of the hotel.

After Li Hualong acquired the hotel, he behaved very low-key, did not accept media interviews, even if he was "caught" by reporters in public, as long as he asked about the acquisition of the hotel, he refused to answer.

Li Hualong fully acquired the shares of the Grand Hotel, and there was not much he needed to do personally, so he was relieved to hand over the acquisition of shares to his own Hualong Securities Company.

After the suspension of the hotel, it has not resumed trading until it is delisted.

It took more than ten days for Li Hualong to complete the privatization of Hong Kong Modu Hotel Co., Ltd.

Following the privatisation, Modo Hotel Hong Kong Limited changed its name to Peninsula Hotels Limited and divested some of its non-hotel businesses.

……

In early February, Willy joined the Board of Directors of Hutchison International as Vice Chairman and Administration.

Since then, Hutchison International has entered the era of co-management by Lee Wah Lung and Wei Li.

Originally from Scotland, England, Born in Australia in 1932, Willy spent his early years as a lumberjack and apprentice before leaving Australia in 1951 to work for Warner Bros. Berhad, Malaysia's largest car dealership, where he rose from engineer to manager and became a slightly well-known amateur racing driver.

In 1964, he was invited to Hong Kong to take charge of the Shaba Motors Company, which he later successfully developed into a huge conglomerate.

In 1973, Wei Li was invited to take over the bankrupt Xinchang Enterprise, which turned the company into a profit.

Since then, Willy has made a name for himself in the Hong Kong corporate world and is known as a "business wizard".

The most important reason why Wei Li joined Hutchison International is that Li Hualong offered him the conditions that made him excited, he joined Hutchison International and got a small annual salary, but he got a lot of stock option awards, if the company's stock price rose sharply, then he would get rich returns.

Before joining Hutchison International, he knew a little about the company and believed he could turn it around.

Rather than immediately embark on drastic reforms, Willy took the time to gain a deeper understanding of the company's structure.

In early February, Li Hualong became the largest shareholder of Towngas.

As early as October last year, Li Hualong began to secretly buy shares of China Gas, and when his shareholding ratio reached 20%, such rumors began to appear in the market -- Jardine Matheson and Hong Kong Electric would make a hostile acquisition of China Gas, which made Li Mingze, chairman of the board of directors of China Gas, immediately nervous, so he found director Li Fushu and his son Li Guobao to plot countermeasures.

The result of the discussion was to invite Li Hualong to take a stake in China Gas.

There are two reasons for this: first, Li Hualong is recognized as the richest man in Hong Kong, and he has abundant funds to operate freely; The second is that Li Hualong does not like to be in the limelight, he controls Hang Seng Bank and serves as the chairman of Hang Seng Bank, but he almost does not interfere in the operation of Hang Seng Bank, especially during the crisis of Hang Seng Bank in 1965, Li Hualong gave full support, so that he won some reputation, Li Mingze and Li Fushu both think that Li Hualong is not the kind of person who takes advantage of the danger of others and takes advantage of it.

Li Mingze and Li Hualong have dealt with each other many times, the two are friends, but they are only general friends, Li Mingze knows that his younger brother Li Xiaohe has a good relationship with Li Hualong.

Li Mingze made a phone call to Li Hualong, and the two met at the Accord of the China Oriental Hotel, and after in-depth conversation, they reached a consensus.

After that, Li Hualong continued to secretly buy shares of Towngas, and after the shareholding ratio reached 10/10, he joined the board of directors of Towngas as vice chairman.

After Li Hualong bought the new shares, he held 40% of the company's shares, becoming the company's largest shareholder, but he did not serve as chairman of the board of directors, and he supported Li Mingze to continue as chairman of the board of directors of the company.

Towngas has a franchise in Hong Kong, and at present, the society believes that only the rich and noble can afford to use gas, but Li Hualong does not think so, he is sure that in the near future, the use of gas will become common, because everyone will make money, and they will pay attention to convenience, efficiency and hygiene, so as to improve the quality of life, and the future of Towngas is optimistic. (To be continued.) )