Chapter 197 The Great Acquisition

Through fierce bargaining with Jerry Keswick, Luo Jianan and Yan Qiudi finally agreed on a mutually acceptable price of HK$15 billion, taking a 40% stake in Jardine Matheson and Land. But to really talk about it, it didn't cost much, because nearly half of the 15 billion money was exchanged for US dollars at 1:20 on Hey Market.

The next step is relatively simple, and the two parties sign a secret agreement. While signing the agreement and making the payment, Tang Dynasty Fund and Yanlong Development Bank began to secretly absorb the shares of Hongkong Land. By the time the 15 billion Hong Kong dollars were paid, it had already absorbed 30% of the shares in the plummeting stock market.

When Gu Weiqi got the share agreement transfer letter between Jardine Matheson and Hongkong Land, he was overjoyed, because there were too many properties involved in Jardine Matheson and Hongkong Land. Including finance and banking, education, real estate, infrastructure, catering, department stores, clothing, technology, shipping, milk companies and so on, it involves more than 10 major industries. Although it cost 15 billion Hong Kong dollars, it is nothing compared to future earnings.

However, although Luo Jianan and Yan Qiudi's acquisition of Jardine and Hongkong Land is more secretive. But when Lo Canaan took over Jardine and Land with absolute equity, the news was quickly revealed. All of a sudden, the media was shaken, and even the mainland political axe was also eyed by it. You must know that the acquisition of British-funded old industries at this time has definitely greatly increased the prestige of the Chinese.

In particular, Jardine Matheson is better than the "Hutchison Whampoa" controlled by Li Chaoren. The share price of "Hutchison Whampoa", which has now begun to turn around, is only 5 Hong Kong dollars per share, and the total share capital is only more than 500 million shares. This also means that Hutchison Whampoa is basically only worth more than 20 Hong Kong dollars, less than 3 billion Hong Kong dollars. Originally, Hutchison Whampoa had a market value of 20 billion Hong Kong dollars, which shows how amazing the stock market fell this time.

But Gu Weiqi knew that by 84 years, Hutchison Whampoa's performance suddenly increased year by year. In 84 years alone, Hutchison Whampoa, a subsidiary of Li Chaoren, announced a dividend of 4 Hong Kong dollars per share, and the total dividend scale to shareholders reached more than 2 billion.

The long-term and stable increase in holdings in Hutchison Whampoa is undoubtedly a wise choice for Gu Weiqi. Therefore, while letting Luo Jianan rectify and sort out the real estate of Jardine Matheson, he ordered the "Tang Dynasty Fund" headed by Yan Qiudi to begin to secretly absorb the shares of Hutchison Whampoa.

When both Xiangjiang Real Estate and the stock market plummeted, Zhong Zhengwen, the chief actor of the board of directors of Yida Group, who provided many guarantees to Jianing Group, saw that the situation was not good, and fled Xiangjiang in a hurry, leaving behind a debt of more than 2 billion Hong Kong dollars. The myth of Jianing has been punctured, and it can be a bitter pain for the bankers with whom Jianing had been in cahoots in his glory days.

At the beginning, Jianing Real Estate was listed on the backdoor, which was led by the gold medal trader Zhan Peizhong, and the Zhong family sold it to Jianing Group's "Hanmei Enterprise", which used "Hanmei Enterprise" as a shell resource, and the backdoor listing single-handedly created the so-called myth of "Jianing Real Estate".

In fact, most of the cooperation between the Zhong family and Jianing Group is a fake transaction of left hand for right hand. For example, in the case of the "Golden Gate Building" transaction, the buyer was actually a company owned by the Zhong family. The funds for the purchase of the Golden Gate Building were quietly lent to the Zhong family after Jianing Real Estate took a loan from the bank, and then the Zhong family took the money to buy the Golden Gate Building at a high price.

This kind of related party transaction of Ming Xiu plank road and secretly crossing Chen Cang quickly whitewashed the performance of Jianing Real Estate on the surface, at least it looks very beautiful on the surface. So that investors, for the Jianing real estate management team, there is no doubt about the business and financial management ability.

However, because the Zhong family fled in a hurry, it also caused the bankers to sober up and sue Jianing Group in court, asking the court to liquidate Jianing Real Estate; The latter wants to issue new shares to pay off debts. However, the Xiangjiang Securities Department rejected Jianing Real Estate's request to issue new shares.

And with the more and more doubts and accusations about Jianing Group. As a result, Jianing's stock plummeted again to less than HK$1. Then, under the chain reaction, the stock market, which had already plummeted, fell again. However, the stock indexes of Jardine Matheson and Land, which had fallen seriously, quickly stopped the decline with the injection of massive capital.

However, Gu Weiqi was not proud of this small victory, on the contrary, he secretly instructed the Tang Dynasty Fund to buy not only the "Hutchison Whampoa" controlled by Li Chaoren, but also the "Polygram Music Company", the "New Red Base Properties" controlled by Li Zhaoji, the "Peninsula Hotel" controlled by the Kadoorie family, the "Wheelock & Foreign Company" controlled by the Madden family industry, and the shares of HSBC.

When Li Chaoren discovered the Tang Dynasty Fund's moves, Yan Qiudi had already absorbed 33% of Hutchison Whampoa's shares, becoming the second largest shareholder after Chairman Li Chaoren of the board of directors. This already threatened his position in the group, so he ordered someone to send an invitation to invite Yan Qiudi to talk, and there was also a meaning to win over.

However, what he never expected was that Yan Qiudi was originally invited to a banquet, but Gu Weiqi came with her. This couldn't help but make him secretly wonder in his heart, but with Yan Qiudi's explanation, he understood that Gu Weiqi was her boss. However, at the same time, I was very surprised.

You must know that the feat of Tang Dynasty Fund and Yanlong Development Bank to acquire the "Jardine Land" group has long spread all over Xiangjiang. But Yan Qiudi explained that she also worked with Gu Weiqi. In other words, behind the acquisition of "Jardine Land" is also Gu Weiqi's will. This made him secretly sigh that this is really the back waves of the Yangtze River pushing the front waves, and a generation of new people is better than the old people.

After all, how old is Gu Weiqi, and he has made such a big career. I think he was still working at this time.

Speaking of which, Li Chaoren began to continuously acquire Hutchison Whampoa stocks, which were worth 6 billion assets at that time, before 1979. Later, the outbreak of the Iran-Iraq war caused the 79-year oil crisis, Bao Yugang abandoned the boat and landed to target the main enterprise of the Jardine Group, "Wharf", the largest modern terminal (cargo port) in Xiangjiang, and Bao Yugang mobilized nearly 10 billion funds with the help of Li Chaoren to fight the "Wharf" acquisition war with the Jardine Group, the head of the four major foreign banks in Xiangjiang, for more than 1 year.

At the last moment of this acquisition war, Jardine Matheson's Hongkong Land Group transferred all the funds to raise the stock to 100 yuan per share, and Bao Yugang only had 500 million cash left, and there was still 1.5 billion cash left to control Wharf. In the end, with the support of his friend Shen Congee, the general manager of HSBC, the largest enterprise in Hong Kong, he obtained a loan of 1.5 billion Hong Kong dollars, and acquired Wharf in one fell swoop, which greatly damaged the Hongkong Group under Jardine Matheson.

With the support of Bao Yugang and the cooperation of HSBC, Li Chaoren killed three birds with one stone (75 years Hutchison Whampoa fell into trouble, and the boss Qi Dezun failed to step down and sold his shares to the big creditor HSBC, who injected 150 million yuan into Hutchison and owned 35% of Hutchison's shares.

However, as a banking institution, it is not allowed to operate non-financial institutions, and HSBC also wants to find someone to take over. In 79, Li Jiacheng transferred 10 million Wharf shares to Bao Yugang, who was secretly buying Wharf, in exchange for HSBC shareholder Bao Yugang to facilitate the transfer of 90 million shares (35%) of Hutchison Whampoa shares to Li Chaoren at an ultra-low price.

After Li Chaoren obtained 35% of the shares, he secretly absorbed a large number of Hutchison Whampoa shares, and in 80 years, Li Jiacheng acquired more than 42% of the shares of Hutchison Whampoa, so Li Chaoren's Cheung Kong Group (with a market value of only more than one billion) controlled Hutchison Whampoa with a market value of 6 billion with only 693 million working capital and loans (or HSBC loans), and made Hutchison Whampoa's chairman Qi Deyao (Qi Dezun's younger brother) so angry that he vomited blood.

This move made the lucky Li Chaoren, and Li became one of the top ten Chinese richest people in Xiangjiang in one fell swoop (which was beyond the comprehension and imagination of later generations, and he bought stocks with a market value of more than 3 billion with less than 700 million cash and loans). In 85, Bao Yugang won the controlling stake of Wheelock, one of the four major British-funded groups, for 500 million Singapore dollars (about 3 billion Hong Kong dollars), becoming the second person in Hong Kong to win the British-funded four major foreign banks after Li Chaoren became the owner of Hutchison Whampoa.

The reason why HSBC wants to help Bao Yugang and Li Chaoren is mainly related to the reform and opening up of the mainland, the establishment of diplomatic relations between China and Milan, and the expiration of the lease of the New Territories in Hong Kong in 97. You must know that most of HSBC's business and roots are in Asia, and in the British Commonwealth it can compete with the big chaebols such as the Royal Bank of Scotland, Barclays, and Halifax Bank of Scotland.

Moreover, his main competitor is Standard Chartered Bank, Standard Chartered Bank (that is, the bank that later drew a dragon on paper and currency as Hong Kong dollars) did not do anything bad to China (after the liberation, most of the Western banks were driven out, and Standard Chartered Bank was still operating normally in the magic capital from 49 to 76), but HSBC had carried out hidden plunder and control of the modern Chinese economy, and most of the indemnities from the Treaty of Shimonoseki and the Xinchou Treaty, and the large loan of President Yuan Da were borrowed from HSBC.

And HSBC took the opportunity to control the customs, railways, salt taxes and so on in China. After the Xinhai Revolution, the customs duties were first handed over to the HSBC Bank for deposit, and the HSBC Bank then compensated the countries, and the southern political axe of the Xinhai Revolution was that there was no customs tax held by the HSBC Bank, and it could not be sustained, so it sold a large number of domestic enterprises such as Daye Iron Mine, etc., and even the Hanyang Iron and Steel Plant was almost sold.

Naturally, both parties did not have a good impression of HSBC, and later in 1930, the Nationalist Government took back the customs, and abandoned HSBC and used its own bank to pay compensation. By 1936, all national reparations were to be paid off. Therefore, HSBC's behavior of helping Yu Gang and Li Chaoren is to show goodwill to the north, and at the same time to open up the mainland financial market and retain the status of the Hong Kong financial market, and history has proved that HSBC is very successful.

In fact, it turned out that Li Chaoren did not disappoint, and after he became the owner of Hutchison Whampoa, he carried out a drastic rectification. First, the loss-making factories under Hutchison Whampoa were bulldozed, and then the land was developed into apartments of about 500 square feet, and there were as many as 10,000 units. However, because the land itself is owned by the company, the cost is half lower than that of other real estate developers!

And even if these apartments are sold at a bargain of HK$600 per square foot, they are worth 300,000 units. Therefore, if all of these completed properties can be sold, it will bring in HK$3 billion in sales. The funds used by Hutchison Whampoa to develop these properties are less than 1 billion Hong Kong dollars, and if they are all sold, it means that they can make a profit of 2 billion!

In fact, Li Superman has been selling hard throughout the year. More than seventy percent of these properties have been sold, and they have already obtained more than 2 billion sales revenues. The remaining more than 3,000 real estate projects and commercial facades have not been sold, but have been rented out for long-term and stable operation to obtain long-term profits.

The last time the auction was held at Yushanfang International Restaurant, Shao Daheng had already introduced the two of them, and they were not strangers to it.

"Boss Gu is really young and promising, not to mention that he is thriving in the entertainment industry, and now he has become the second largest shareholder of Hutchison Whampoa. It is rumored that you have also acquired 'Jardine Matheson', which has really boosted the face of our Chinese people. What's the matter, are you trying to rob the old man with me now? ”