"Hutchison International Group?" Zhou Jiayang was shocked, recalled the recent situation of Hutchison, and asked a little incredulously: "Chen Sheng, do you want to acquire Hutchison Group?" ”

"That's the plan." Chen Zhiwen nodded and said: "Hutchison has now fallen into a penny stock, and its market value has fallen by nearly 95%, which is the best time for us to start." ”

"This is too risky, Chen Sheng, I suggest you think about it." Zhou Jiayang suggested.

Hutchison stock is not worth much, but this company is currently in the worst period, all kinds of liabilities and various management chaos, it can be said that the gods are difficult to save, and it is currently dying, and the market even predicts that Hutchison will not last for half a year.

"No need, just do what I do, Hutchison now has a market value of more than 400 million, and it doesn't cost much to acquire some stocks." Chen Zhiwen said: "As for what to do after the acquisition, I have my own ideas, and it is still very difficult for such a large company to acquire it." ”

Seeing that the boss had already made up his mind, Zhou Jiayang could only continue to ask: "Is that still a slow acquisition like Wharf?" ”

Chen Zhiwen shook his head and said: "No, the situation of Hutchison will not give us a long time, but no one wants Hutchison shares now, even if we acquire faster, it is not easy to be discovered by the market, I hope you can acquire 30% of the share within half a year." ”

“30%？” Zhou Jiayang thought for a while and said, "Okay, Chen Sheng, I will do my best." ”

Chen Zhiwen said: "The funds for this matter are the same as those of Wharf, use my overseas funds, at least in the early stage, don't let anyone know." ”

At the beginning, I made a lot of money in the oil crisis by speculating on oil derivatives, part of which was acquired by Fedmart and invested in Costco, part of it was invested in Walmart, part of it was used in Red Bull and Midea, and the rest was mainly used in the acquisition of Wharf, and then there was really not much left, except for the funds invested in Walmart and re-borrowed through Citibank, the rest were real investments. If it weren't for the extreme use of leverage in real estate investment in Hong Kong, his funds would have dried up long ago, and now this last one is basically used in Hutchison stocks.

However, fortunately, Red Bull's sales are growing very fast, and the profit margin is also high, and Wal-Mart's stock, although it has been mortgaged, but because Wal-Mart's performance is too good, the stock price has risen very much, and its collateral amount has also risen sharply, both of which can become a source of additional funds, plus there is a lot of confidence in the arcade machine and the recovery of the real estate market in the future, these four things are the capital that he is ready to wrestle with the Hong Kong boss.

After all, the previous acquisition of the Hilton hotel property in Central was just a small test, and the name Chen Zhiwen was just familiar to Hong Kong bigwigs, but when Chen Zhiwen really made a move on Hutchison Group, no matter what the result was, whether it was really successful or not, just becoming a major shareholder of Hutchison was enough to shock Hong Kong.

"No problem." Zhou Jiayang nodded and said, "It's just that Chen Sheng, Hutchison's current situation, as long as we have enough funds, we can acquire it, but it is a super bomb in itself, and you must be prepared in this regard." ’

"Don't worry, I have my own plans." Chen Zhiwen nodded and said.

After discussing some investments in industrial real estate, Zhou Jiayang also left the office.

Chen Zhiwen glanced at the Hutchison Building in the distance, and was full of emotion in his heart, he had been in Hong Kong for two and a half years, and had been preparing for two and a half years, and now he was ready to take a knife on British capital.

Of course, persimmons have to be pinched softly, although Hutchison and Jardine Matheson are both one of the four major foreign companies in Hong Kong, but the gap is very different now.

Jardine Matheson Group's two core assets, Hongkong Land and Wharf, one controls more than a dozen skyscrapers in Central, and the other controls a large number of undeveloped land in Hong Kong in a prime location.

In the previous cycle of good development of real estate and stock market, Hutchison's Taipan Qi Dezun carried out a large number of investment acquisitions in order to expand the scale of Hutchison, and in just a few years, Hutchison controlled more than 360 companies and more than 26 listed companies, which also brought huge debts to Hutchison.

When the economy is good, the larger the scale, the higher the stock price, and then use the stock price mortgage to obtain funds and then acquire investment, and then increase the stock price, re-mortgage, unlimited nesting dolls, Qi Dezun uses this very common trick, and Chen Songqing will be the same in a few years.

However, in the event of an economic crisis, the stock price plummets, and the collateral in the bank will be insufficient, and the bank will require additional collateral or repayment of the loan in order to control the risk.

However, with the strength of Hutchison Group, although the stock price has fallen, the loan is still repaid normally, so the bank still does not collect the money, and everything is the same as normal.

But as everyone knows, Qi Dezun has been overdrawing Hutchison's profits to repay the loan, and even in order to maintain the stock price, he sold some real estate, included it in the net profit of the listed company, and then distributed dividends to shareholders.

Qi Dezun's logic is very simple, he knows that the whole company has serious losses, so he insists on waiting for the economic crisis to pass, as long as the economic crisis passes and the stock price rises, the value of his collateral will increase, and all the problems will be solved, this logic is still the same as Chen Songqing a few years later.

It's just a pity that after waiting for a year and a half, the stock market has not rebounded, and has been falling to the bottom, and Hutchison Group received a loan from the Bank of Sweden before, and the currency was the Swedish franc, but the Swedish franc suddenly rose sharply, and Hutchison lost more than 150 million in foreign exchange fluctuations alone.

This incident became the last straw that broke the camel's back, and Hutchison's share price fell to the bottom, from a market value of nearly HK$7 billion in early '73 to HK$400 million in December '74. I don't know how many shareholders didn't die last year, but died on this year's Hutchison stock.

And in the coming year, that is, in 1975, Hutchison has been holding on hard with its big and infallible characteristics, and the banks do not dare to be overly coercive, otherwise the jar will be broken, and the bank will have to die, but after persisting for more than half a year, Qi Dezun is still unable to return to the sky, and was finally forcibly taken over by HSBC. After that, it is the familiar story of countless people in later generations, Li Ka-shing took over Hutchison from HSBC in 1979.

In this life, although Chen Zhiwen has already laid out the acquisition of Wharf, but the first real move must be Hutchison Group, persimmon of course has to pick a soft pinch, and, in this matter, the most troublesome is not the stock market, but the debt problem, the acquisition of Hutchison's shares is not difficult, even if it is exposed, it can be solved with a little more money, but the debt problem is very troublesome, Hutchison's debt is as high as 1.5 billion Hong Kong dollars, and its listed companies are not in it.

But this is also a problem after the acquisition, as long as you can prove that you have the ability to manage and remember, then the major banks can only acquiesce to this matter, which is why Chen Zhiwen has been trying to build a good relationship with HSBC.

In Hong Kong, doing business is really inseparable from the support of HSBC, except, of course, the profiteering industry.

(End of chapter)