Lee Shau Kee and his confidant Lam Ko-yan held a Japanese restaurant in Benqing, The Landmark Plaza, Central, Hong Kong, to have lunch with Yeung Ping-ching and discuss business.

Yang Bingzheng said: "Fourth uncle, you should have heard the rumors in the Xiangjiang market recently, right? ”

Lee Shau Kee asked: "But New Era Group, what about the acquisition of Miramar Hotel?" ”

Yang Bingzheng nodded and said, "Yes!" It should be the shareholders represented by Uncle Tian and Uncle Heng who invited Lin Zuhui to acquire Miramar Hotel. My brothers did want to give up Miramar, but I couldn't bear to leave my father's legacy. ”

Lee Shau Kee frowned, he was very interested in the assets of the Miramar Hotel, but he didn't want to have trouble with Lin Zuhui.

The two have recently cooperated in the mainland, and the Central Plaza is three investments at a time, and although Henderson only accounts for two and a half of the shares, the investment is very large after all.

So, he asked: "Zu Hui won't be a hostile takeover, he is now Ling Ran." ”

Yang Bingzheng immediately said: "It's really not, Liang Botao called, and first told us about the conditions."

But after the conditions were said, Lee Shau Kee said in his heart that it was a pity, he knew that he could not join.

Originally, remembering his old friend, emotionally he was very willing to take care of the next generation of his old friend, and he was even more reluctant to see the business founded by Yang Zhiyun sold to the market, and there was the experience of being broken up and broken into pieces.

But now, the conditions of the New Era Group can be described as very superior, and there is no opportunity to take advantage of it.

"Ah Zheng, why don't you agree to such good conditions?"

Yang Bingzheng said: "Because I am not familiar with Lin Zuhui, I am worried that the cooperation will not be pleasant. So what the old lady means, as long as the conditions are the same, even if it is 16.8 Hong Kong dollars per share, we are willing to cooperate with you. ”

Lee Shau Kee shook his head and said, "If there are no two conditions - that is, not allowing you to continue to operate the business, and splitting the Miramar Hotel; I'll look at the relationship with your father, and I'll say that I have to help you. But now, the price given by others is very high, and the conditions are so superior, if I still join, you know, the strength of the New Era Group, and I took the initiative to stiffen the relationship with Lin Zuhui; With Lin Zuhui's temperament, I am afraid that the price will be raised again, and with the strength of you and me, I will still not be able to defeat him. ”

In Lee Shau-kee's view, Lin Zuhui's strength is stronger than Li Chaoren's, and the important thing is that Lin Zuhui will really raise the price 'regardless of the cost'. At that time, only 34.5% of Yang's equity will not be full of insurance.

What's more, the Yang family is seeking wealth, and as soon as Lin Zuhui raises the price, as long as he doesn't keep up, Mrs. Yang and the Yang brothers will inevitably be the ones with the highest price.

As a result, Miramar Group did not acquire it, but caused a commotion.

Yang Bingzheng already had this answer in his heart, so he immediately asked again: "I'm not familiar with Lin Zuhui, is the fourth uncle optimistic about this cooperation?" ”

Lee Shau Kee said: "Look at it! But he likes to be brave and aggressive, and at this point, as long as you have a balance, it will almost be a good cooperation! ”

Yang Bingzheng nodded and said: "For investing in the mainland, in fact, I am also optimistic!" This time, I really thank the fourth uncle for solving my doubts. ”

Lee Shau Kee said: "It's okay! Lin Zuhui and I are familiar with each other, if you have any contradictions, I am willing to be a middleman and don't make trouble. ”

"Thank you, Fourth Uncle!"

In fact, if it is about deep feelings, Lee Shau Kee naturally still misses Feng Jingxi, Yang Zhiyun and others from time to time, and the relationship is far better than that of his new friend Lin Zuhui.

Therefore, if Lin Zuhui is really a hostile takeover, Lee Shau Kee will also compete for the sake of his old friend.

Even if the enemy can't be beaten, he can get a higher selling price for the Yang family.

But he said the other side.

When Li Chaoren heard the rumors in the market, he immediately became excited about the Miramar Hotel, because there were rumors that the Yang brothers were not in harmony, but Yang Bingzheng did not agree to sell the Miramar Hotel, which is a 'name'.

In this way, although he does not have a director to take the initiative to introduce the door, he can also make a fair offer, which may be able to frustrate Lin Zuhui.

However, he remembered Lin Zuhui's great fame and wealth, and soon decided to join Huaxin Taifu's Yung Gongzi to do it together.

Soon, Rong Gongzi was also very excited, although he was suspected of offending Lin Zuhui, but it was a fair price competition; Importantly, Superman Lee had a good idea, which was to spin off the Miramar Hotel.

The shares of Miramar Hotel, a number of restaurants and Nanhai Hotel belong to Huaxin Pacific, while the 86,000-square-foot land of Miramar Plaza (demolished in 1988 and not yet under construction) and the investment of Yangcheng and Modu (Miramar Hotel developed the Miramar Garden residential project in both places very early) belong to Cheung Kong Industrial.

For a while, the two hit it off and quickly took action.

Wednesday, May 20.

Miramar Hotel announced the suspension of trading, the current stock price is 14 yuan per share, since the news that the New Era Group intends to acquire, Miramar Hotel share price has risen by 10%.

The reason for the suspension was that the takeover proposals of Cheung Kong and CEFC Pacific were sent to the board of directors of Miramar.

On the same day, Yang Bingzheng said in front of the media:

"None of the directors reached a consensus with Cheung Kong and CEFC, and Miramar Property has excellent development potential, with a net asset value of 17 yuan per share."

"I only received a phone call from the financial advisers of Mr. Li Ka-shing and Mr. Rong Zhijian last night, and at 9 o'clock the next morning, the acquisition proposal was sent to the board of directors of Miramar.

The price of the acquisition proposal is 15.2 yuan, which is much lower than the intention offer of the New Era Group! The ancillary conditions are not enough to be satisfactory! ”

For a time, public opinion was in an uproar.

Yang Bingzheng's move can be regarded as a public criticism of Li Chaoren and Rong Gongzi, which can be said to have offended the wealthy and powerful forces for a while.

And the media is even more curious about what is the intended offer of New Era Group?

After the news broke for so long, New Era Group has not officially submitted the acquisition proposal, and it seems that it is very confident in its offer. This has always been in line with Lin Zuhui's style, a premium acquisition, but later it turned out that his vision is very good, and it only takes one year to be parity.

That night, Lin Zuhui also invited Lee Shau Kee to dinner.

During the banquet, Lin Zuhui said: "Fourth uncle, are you interested in participating in a share, we will join hands to develop the old wing of Miramar Hotel (originally three old hotel buildings)!" ”

Lee Shau Kee was stunned for a moment, and immediately asked, "Do you want to split the Miramar Hotel?" ”

Lin Zuhui shook his head and said, "Naturally, no!" I'm worried that after I buy only 34.5% of the shares, Li Chaoren and they want to continue to make a full purchase, and then the Yang family will lose its ancestral business. So, if you're bullish, you can buy a dozen percent of the shares, and the two of us will only serve as directors. After Mr. He is willing to retire, I will serve as the chairman of the board of directors, and we will jointly develop Miramar Hotel! ”

He is also worried that Li Chaoren intends to make a full acquisition (9% impossible), so he is not very relieved. Once the stake exceeds 35%, it will be fully acquired.

Although this deal is very cost-effective, Lin Zuhui does not want to invest eight or nine billion cash in the Miramar Hotel.

Therefore, it is better to invite Lee Shau Kee to develop together.

Lee Shau Kee thought for a moment before saying, "How do you plan to develop Miramar Hotel?" ”

Lin Zuhui said: "That piece of land is naturally for the development of Miramar shopping mall, which can build a shopping center of more than 500,000 square feet; In addition to this plan, I plan to position Miramar as a three-star four-star hotel and then make a number of planned investments. The mainland is the time for economic development, and the return rate of three- and four-star hotels is high, which can speed up the recovery of investment. ”

Li Shau Kee nodded frequently when he heard it, and he was also very moved, although he is not a major shareholder, Miramar's assets and prospects are still very large, and the long-term dividends must be good.

"Good! I can buy fractional shares from the market! ”

"He Lao has 5% in their hands, and Yang has 34.5%, which adds up to 39.5%. Of course, Yang Bingzheng will keep 5%, and when the market opens tomorrow, the fourth uncle can be absorbed in the market. But you don't want to absorb more than 17 yuan per share, after all, as soon as Li Chaoren retires, the current Miramar Hotel can't afford to support 17 yuan per share. ”

Lee Shau Kee nodded and said, "That's right! As long as you reach an agreement with Yang, and Brother He and them reach an agreement, we will have 40% of the equity in our hands. I know Superman Lee, he won't raise the price again, because your price is too high. ”

Lin Zuhui said with a smile: "That's good! ”

In any case, Miramar Hotel is not an overly valued asset of Lin Zuhui, so it does not want to be fully acquired.

Friday, May 22.

All of the 13 directors on the board of directors of Miramar Hotel accepted the acquisition proposal of New Era Group, and did not give Cheung Kong and Huaxin Pacific a chance at all.

For a time, Xiangjiang public opinion reported the details of the acquisition battle.

And when the offer and conditions of the New Era Group were announced, everyone understood that Li Chaoren had lost unjustly. The sky-high price of 17 yuan per share is 36% higher than before the acquisition war.

Not only that, but such a high price also allows Yang Bingzheng to continue to manage the business, which shows that he is full of sincerity.

Faced with this result, Li Rong Group also stopped raising prices and admitted that the acquisition failed.

Public opinion has described this confrontation as Lin Chaoren and Li Chaoren again.

(End of chapter)