Chapter 343: Waiting for the Best Time

If he can't subscribe, at the beginning of last year, Li Huawen invested in the Regal Hotel, a four-star hotel that is the closest hotel to Hong Kong's Kai Tak Airport, has been doing well since its opening, which has made him interested in running the hotel.

"Yes!" Li Hualong said without hesitation, he does not mind Li Huawen competing with him in the field of hotel management, he feels that the Hong Kong hotel industry market is very large, he alone can not monopolize, his brother is interested in running a hotel, he will only support, not oppose.

"Then it's decided, after I get the land, I will transfer the land to build the hotel to me."

"When the shopping center is completed, it's not too late for you to build a hotel." Li Hualong suggested.

"Okay." Li Huawen nodded with a smile, "There are not many funds in the accounts of the Li father and son real estate company, let's inject funds into the accounts of this company together?" ”

"After we get the land, we will talk about the funds." Li Hualong smiled and said, "Huahu, you don't object, right?" ”

"I have nothing to oppose, invest with you, I have never suffered a loss." Li Huahu said with a smile.

"Don't trust me so much, be careful that I sell you." Li Hualong joked.

"You can sell me." Li Huahu also joked, "I'll help you count the money together." ”

"I'm just a brother like you, how can I be willing to sell you!" Li Hualong smiled.

Li Huahu smiled and sighed, and asked, "Third brother, do you feel that time flies very fast?" ”

Li Hualong was slightly stunned, and asked rhetorically: "How did you come up with the idea of talking about this topic?" ”

"I feel like time flies."

Li Huawen asked with a smile: "You don't feel old, do you?" ”

"Even if I'm not an old man, but I'm middle-aged, I think back then, when I came to Hong Kong, I hadn't graduated from middle school, hehe, at that time, I was very young, right?"

Li Hualong smiled: "When I was young, I was also very young. ”

"Third brother. I feel like you've matured when I'm in college. Li Huahu smiled and said, "I still remember the scene when you pursued Mengmeng's sister-in-law......

……

In late March, the Lee family property company won a plot of land of more than 80,000 square meters in Shatin. A commercial building with an area of 140,000 square meters will be built on this site, as well as 5 residential buildings, 3 commercial buildings and 1 hotel. In addition to the hotel project, other projects are wholly owned and developed by Li & Sons Real Estate Company.

The sprawling project is named New Town Plaza, or NewTownPlaza.

In April, Li Hualong read in the newspaper something he had forgotten about - the war in the Malvinas Islands. Abbreviated as the Falklands War.

In recent years, Argentina has witnessed a severe economic crisis and a massive campaign against the military junta headed by President Galtieri. The Argentine government has tried to alleviate the crisis in the country by taking military action against the Falklands. On March 19, 1982, Argentines landed on South Georgia and raised their flag.

On April 2, President Galtieri ordered troops to occupy the Falklands, and the Falklands War officially began.

The memory of the Falklands War was very vague, he only remembered that Britain won in the end, and British Prime Minister Margaret Thatcher took advantage of the great victory to visit the capital, but in the face of the strong Deng Lao, Margaret Thatcher was stunned. After several rounds of negotiations, China and the United Kingdom finally signed the Sino-British Joint Declaration, and Hong Kong returned to the motherland at midnight on July 1, 1997.

……

In mid-April, the news of Hongkong Land's proposed acquisition of HK Electric has quietly spread in the market.

Investors believe that Li Hualong and Pao Yugang's Global Shipping Group also participated in the bidding, and four stocks of HK Electric, Hongkong Land and Global Shipping were speculated.

Li Hualong rarely appears in public, and reporters have not had the opportunity to interview him.

When Pao Yugang was interviewed by reporters, he was interested in the shares of HK Electric, in fact, he has no plans to buy HK Electric's shares for the time being. The reason why he said this is because he wants to stumble Hongkong Land, and the price of HK Electric is overcharged, which will increase the cost of Hongkong Land's acquisition of HK Electric.

If Li Hualong knew Bao Yugang's thoughts. He must have invited the other party to drink, because he is happy, Hongkong Land is now buying HK Electric, which is digging a pit and burying itself, and the higher the purchase price, the deeper the pit will be dug.

The Hongkong Electric Company Limited (HK Electric) was incorporated on 24 January 1889. Electricity was supplied to Hong Kong Island on 1 December 1890. The promoter is Paul? Sir Chater (one of the founders of Jardine Matheson) is a shareholder of various British-owned foreign firms.

HK Electric is the second largest power group in Hong Kong, the other being CLP Power Hong Kong, which is controlled by the British-Jewish family Kadoorie, and supplies electricity to the New Territories, Kowloon.

Before World War II, the Hong Kong Lantern Holder was large; After World War II, Kowloon's population in the New Territories surged and factories were numerous, and CLP was a latecomer, making a lot of money, and planning to supply electricity to Guangdong Province.

Since Lee Wah Lung's acquisition of The Peninsula Hotel, the Kadoorie family has gained a lot control over CLP Power and has become the absolute controlling shareholder.

In order to increase the family's influence, the Kadoorie family has participated in several auctions for hotel land in Hong Kong in the past few years, but none of them have been successful, and it is clear that the people who bought these hotel sites are more optimistic about the prospects of Hong Kong's hotel industry than the Kadoorie family.

HK Electric is one of the top 10 UK-listed companies in Hong Kong and has been an independent public shareholding company for more than 90 years.

With HK Electric's stable revenues and the Hong Kong government preparing to introduce a "charging system to encourage electricity consumption (the more electricity you use, the cheaper it is), HK Electric's electricity supply will increase dramatically, and its profitability will increase." Electricity is like people want to eat, and the rise and fall of the economy will not have much impact on the electricity industry.

HK Electric is a big piece of fat meat, which is coveted.

In the past few years, some investment analysts have predicted that HK Electric will become a target for the likes of Lee Wah Lung, Jardine Matheson and Swire.

During this period, Jardine Matheson Land, which had not received a good return on investment overseas, made a comeback -- it expanded aggressively in Hong Kong, buying public shares of telephone companies and Hong Kong Electric companies with a large amount of silver bullets, and not long ago, it won the bid of the Central Land King for the development of the "Exchange Square" project at the highest land price of 4.75 billion Hong Kong dollars since the opening of Hong Kong.

Taking retreat as advance and avoiding head-to-head confrontation is Li Hualong's consistent expansion tactic.

This time, Li Hualong chose to stand still, wait and see the situation, and when the property market was sluggish, Hongkong Land fell into emptiness, and he made a thunderous blow.

On April 26, the market opened on Monday, and Jardine Fleming, a brokerage company representing Hongkong Land, bought 222 million shares of HK Electric at a price more than $1.13 higher than the closing price of $5.13 last week (the current price of $6.3~6.35 per share), spending more than HK$1.4 billion, with an average of HK$6.33 per share.

In order to avoid triggering a full takeover, Hongkong Land chose to purchase less than 35% of the additional shares, and spent 12 million HK Electric warrants at a price of $9.40 in the market, accounting for 20% of the total warrants issued.

According to the Hong Kong Takeovers and Mergers Panel, if the threshold of more than 35% is exceeded in the acquisition process, a full acquisition is required, and the shareholding must exceed 50% to be considered successful.

Hongkong Land's senior management has also considered that Li Hualong, the world's richest man, may buy HK Electric, if this is the case, it would be good, it can raise HK Electric's shares, and the market value of Hongkong Land's holdings of HK Electric shares will rise, which is a good thing for Hongkong Land, and you can choose to continue to hold the shares, or you can choose to sell and cash out at a high price.

Lee is interested in HK Electric, but he feels that now is not the best time to buy HK Electric, and he believes that he can buy HK Electric at a lower cost in some time.

Seeing Hongkong Land's acquisition of HK Electric, Li Hualong was not anxious, but very happy, he just had to wait now, when the best time came, not only HK Electric, but Hongkong Land could become his prey. (To be continued.) )

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