Chapter 186: Balance Adjustment

Su Boon Seng and Miao Yingxia stayed in Kuala Lumpur for four nights before they left Malaysia on a civil flight and returned to Hong Kong.

After getting off the plane, Su Wencheng said to his wife with a smile: "Do you feel that after returning to Hong Kong, you feel very down-to-earth?" ”

"It feels this way." Miao Yingxia smiled, "Do you still want to settle in Bangkok after retirement?" ”

"You can think about it, but you don't necessarily have to settle in Bangkok."

After a while, Su Wencheng and Miao Yingxia left Kowloon on an incoming steamer and came to Hong Kong Island, and then took a taxi to their home in the mansion area at Victoria Peak.

A few children who were playing in the yard saw their parents come home and shouted enthusiastically, "Daddy, Mommy! ”

The youngest young daughter rushed to the front, ran to Su Wencheng, and said with a smile: "Daddy, hug!" ”

Su Wencheng squatted down with a smile, held the young girl in his arms, and said with a smile: "Kexin, do you miss your father?" ”

"Yes!" Su Kexin grinned and took the initiative to kiss Su Wencheng's face, "Did Dad miss Kexin?" ”

"Of course." Su Wen smiled and kissed his daughter's cheek, "Did you listen to your grandparents, as well as your brothers and sisters?" ”

"Yes!" Su Kexin nodded with a smile, pouted as she spoke, pretending to be unhappy.

Seeing his daughter like this, Su Wencheng felt that it was very coke, and asked with a smile: "What's the matter, who bullied our little princess?" ”

"Fourth brother bullied me yesterday." Su Kexin complained.

"Dad, I didn't bully my sister." Su Wencheng's fourth son, Su Zichu, hurriedly explained, "The day before yesterday, Kexin took out a lot of toys to play with, and when she finished playing, she didn't clean up, so I said a few words to her, and she said that I bullied her." ”

"Kexin. Is that the case? Miao Yingxia asked with a straight face.

"Yes......" Su Kexin realized that she couldn't sue at all and might be criticized, so she hurriedly apologized to Su Zichu, "Fourth brother, I'm sorry, I was wrong." ”

"It's okay." Su Zichu smiled.

"If you know that you can change your mistakes, you are a good child." Su Wencheng smiled and put his daughter on the ground, "Kexin, Daddy is a little tired, can you help me massage it?" ”

"Okay!" Su Kexin smiled sweetly. Holding his parents' hands, "Daddy, Mommy, let's go inside." ”

I spent more than an hour with the children for more than an hour of happy time, and when it was dark, the maid made dinner.

After a warm dinner, Su Wencheng chatted with his family for a while, he said goodbye to his family and came to the study. made a phone call to Li Hualong's home.

Li Hualong happened to be at home, received a call from Su Wencheng, and said with a smile: "Wencheng, thank you for your hard work." After so many days on a business trip, tomorrow you have a day off at home. ”

"There's no need, I'm on a business trip, I'm on vacation." Su Wencheng said with a smile. "Boss, I've seen a few plots of land in Bangkok and Kuala Lumpur. To pick out the two plots of land that I think are the best, do I need to tell you now, what do I think of these two plots? ”

"Not for now." Li Hualong paused as he spoke, "Tomorrow, I will go to work at the headquarters of InterContinental Hotels Group, and when the time comes, you can talk to me again." ”

"Okay, then I won't bother you, I'll see you tomorrow."

IHG's headquarters is not located in any of its hotels, but is leased in Tower 6 in Admiralty.

Gemdale Group is the only owner of Building No. 6, and the reason why this building is named after numbers is not that "No. 6" has special significance, but that Li Hualong feels that the naming right of a building is a very valuable commodity, and he hopes that in the future, the naming right of the building will be sold to other companies, and the name of the building will be named with numbers first, so that it is better to change it.

After hanging up the phone, Li Hualong thought that the headquarters of the InterContinental Group Group was located in a rented office building, and muttered: "The assets of the two companies can be balanced and adjusted, and the InterContinental Hotels Group can issue new shares for the purchase of Building No. 6, and after the building is renamed the InterContinental Hotels Group Center, Gemdale Group will sell the shares of the InterContinental Hotels Group and cash out the funds for shareholder dividends, so that the market value of the InterContinental Hotels Group and the Gemdale Group can be brought closer to the ......."

The next morning, Li Hualong came to the Admiralty No. 6 Building, and he went directly to Su Wencheng's office.

When Su Wencheng saw Li Hualong, he quickly stood up, said hello, and personally brought him a cup of tea.

When Li Hualong sat down to drink tea, Su Wencheng reported his work.

After listening to Su Wencheng's return, Li Hualong nodded with a smile and said, "Our ideas coincide, and I also prefer the two pieces of land you chose." If nothing else, construction of the two hotels will begin early next year. ”

"I really hope that IHG will become a world-class hotel collective as soon as possible." Su Wencheng smiled.

"It won't be long before your wish comes true." Li Hualong smiled.

"With the strong support of the boss, IHG will become the hotel group with the highest market capitalization, which is just around the corner."

"I hope that in the future, IHG will become the best hotel group in terms of market capitalization, annual profit, and reputation." Li Hualong smiled, "Wencheng, you also drink tea." ”

"Good!" Su Wencheng picked up the teacup and slowly took a few sips of tea.

"What do you think of IHG's acquisition of Hotel Six?" Li Hualong asked.

Su Wencheng was stunned for a moment when he heard this, nodded and said: "This is very good, if Hotel Six is renamed Intercontinental Hotels Group Building, or Intercontinental Hotels Group Center, this can somewhat enhance the company's image...... Boss, are you looking to issue new shares to acquire? ”

"Yes, if you buy with debt, you have to ask the bank to pay the interest on the loan. When new shares are issued, there is no question of interest, and increasing the total share capital can increase the overall strength of the company. Li Hualong smiled.

"You are the absolute controlling shareholder of the buyer and the seller, you decide, there is no problem."

"Although I can make a decision alone, this matter still needs to be discussed on the boards of directors of the two companies." Li Hualong paused, "I think it's enough to just let the directors of the two companies get together and have a meeting." ”

"Boss, how much do you think Building Six is worth now?"

"What do you think?" Li Hualong asked rhetorically.

"Uh......" Su Wencheng pondered for a moment and replied with a smile, "Building 6 has a total floor area of more than 620,000 square feet, even if it is 620,000 square feet, I think Building 6 will not be less than HK$300 per square foot if it is now split and sold, and the market value of Building 6 will be HK$186 million at a price of HK$300 per square foot." ”

"Hmm!" Li Hualong nodded, he agreed with Su Wencheng's statement, "InterContinental Hotels Group's current share price is about HK$15 per share, so it will issue 12.4 million new shares for the acquisition of Building No. 6." After the issuance of new shares, the company's total share capital reached 62.4 million shares, and I personally held 33.7 million shares, which is still the absolute controlling shareholder...... That's it. ”

Li Hualong is the chairman of the board of directors of Gemdale Group and InterContinental Hotels Group, and he is also the absolute controlling shareholder, and he can control the boards of directors of these two companies very well.

Both Gemdale and InterContinental Hotels Group are controlled by Li Hualong, the absolute controlling shareholder, but the two companies have completely different operating styles.

Gemdale Group listed for more than a year, has not given shareholders a share of money, many times borrowed to buy land to build office buildings, as well as the development of high-end residences, now the Hong Kong property market and stock market are booming, Gemdale Group debt investment, has been sought after by investors, now, the company's share price of more than 30 Hong Kong dollars per share, the company's market value of more than 3 billion Hong Kong dollars.

InterContinental Hotels and Holiday Inn never invested in new projects after they went public, and paid dividends to shareholders every quarter, and later, the two hotels merged into one, and also acquired Shangri-La Hotel, and the company also gave shareholders a dividend after InterContinental Hotels Group replaced InterContinental Hotels in the public market.

That night, Li Hualong spent the night with Yang Meng. Before going to sleep, Li Hualong and Yang Meng talked about the idea of InterContinental Hotels Group to buy Hotel Six.

"Aaron, I feel that the stock price of Gemdale Group is too much water now." Yang Meng said.

"Hong Kong's property market is good, and it is normal for Gemdale's share price to rise sharply." Li Hualong smiled.

"Gemdale Group sells all its properties, as well as projects under development, can it be sold for 3 billion Hong Kong dollars?" Yang Meng asked.

"Yes!" Li Hualong replied affirmatively.

"So, Gemdale's share price is undervalued?" Yang Meng wondered.

"You forgot about it, Gemdale Group borrowed a lot of money from the bank." Li Hualong said with a smile.

"Oh, yes!" Yang Meng suddenly realized, glanced at Li Hualong with disgust, and said angrily, "You deliberately dug a trap for me." ”

"How can I dig a trap for you, it's the way you ask your own questions, you should ask Gemdale Group if it has a net worth of 3 billion Hong Kong dollars."

Yang Meng nodded with a smile and asked, "How much does Gemdale Group owe to the bank?" ”

"A little over a billion."

Yang Meng muttered: "In this way, the debt ratio of Gemdale Group is not low. ”

"It's okay, among the listed companies in Hong Kong, there are still higher debt ratios."

A few days later, Li Hualong summoned the board members of Gemdale Group and InterContinental Hotels Group to the conference room of the headquarters of InterContinental Hotels Group in Building No. 6, where he proposed a plan for InterContinental Hotels Group to issue new shares to acquire Building No. 6 owned by Gemdale Group, and all directors agreed with Li Hualong's proposal.

"Since everyone is not opposed, then this matter is decided." Li Hualong said with a smile, "I will find someone to handle this matter, and in the near future, Building Six will be renamed InterContinental Hotels Group Center." ”

After the completion of the acquisition, the total share capital of InterContinental Hotels Group increased by 12.4 million shares to 62.4 million shares, and the company's total market value increased a lot, while Gemdale Group sold Building No. 6 and obtained shares of InterContinental Hotels Group, the company's total share capital has not changed, the company's stock price has only risen slightly, and the company's market value has not increased much. (To be continued......) R1292