On July 5, 1975, a powerful piece of news completely detonated the whole of Hong Kong:

"Galaxy Holdings Group announced that it has held a 40.6% stake in Hutchison Group, and will formally take over the shareholders' meeting and board of directors of Hutchison Group from July 8, and publicly asked Hutchison's senior management to be ready to welcome the new major shareholder in the Hong Kong Letter."

As soon as the news came out, the whole Hong Kong was shocked!

What is Galaxy Holdings? Many people in Hong Kong don't know at all, and the few who know know that this company acquired the property of the Hilton Hotel two years ago, and then laid out industrial real estate in the real estate market, and has some small reputation in the small market of industrial real estate.

Who would have thought that unconsciously, Galaxy Group actually controlled the entire Hutchison Group.

What is the concept of 40.6%, that is, absolute control, no one and group can be opposed, and all other shareholders add up to only 59.4% of the shares, unless all these people are united, but this is almost impossible.

Under normal circumstances, if the majority shareholder owns 30% of the shares, there is basically no possibility of unity among the other shareholders, especially Hutchison, where no other shareholder has more than 2% of the shares.

Public opinion fluctuates, and the first reaction is the stock market.

Originally, I thought that a super consortium was buying Hutchison, whether it was Hong Kong or overseas, it must have a lot of financial resources, and the acquisition will definitely continue, so even if the stock price fell two days ago, it was determined by the market to be the acquirer's capital adjustment.

But as soon as the news was announced today, countless shareholders knew that Hutchison was acquired by a Chinese, and the share has reached 40%, basically to the extent that it can be controlled, and there will definitely be no more acquisitions in the future, and Hutchison's share price immediately fell from HK$2.7 to HK$1.4 in half a day.

What's worse is that there are still people who maliciously spread the news, saying that Hutchison will inevitably go bankrupt after being acquired by the Chinese, and Hutchison will fall into pennies a share in the future, which strengthens the fear of shareholders, and they sell stocks overwhelmingly, begging others to buy the stocks they bought at the highest price as soon as possible.

All of a sudden, the Hong Kong Stock Exchange was gloomy.

For reporters, this is shocking news, no matter what the current situation of Hutchison is, it is always one of the four major foreign companies in Hong Kong, but it was quietly bought by a Chinese.

In key news, the editors-in-chief of all newspapers have given a death order, they must go to the interview, ask a few random questions if they can't be interviewed, take photos if they can't ask, find their relatives and friends if they can't take pictures, and always check something.

Countless reporters ran to the headquarters of Galaxy Holdings and Chen Zhiwen's home to block people, but Chen Zhiwen was also prepared, pulling two large buses directly from a security company, one near his villa, and the other group guarding the downstairs of the Prince Building.

Although these security guards don't have the ability to fly away from the sky as in the movies, they are the best at dealing with a bunch of reporters, and the number of frontal security guards is enough that reporters can't rush in at all, and besides, the current reporters are not so savage, and it is even more impossible to sneak in from other places.

The villa in Repulse Bay has long been monitored by all kinds of security equipment, although there are no cameras, but there are still some kinds of loudspeaker alarms and German pastors, and the Prince Building, Li Haonan has also created a good number of properties in the building, and directly locked the elevator that can go to the office floor of the galaxy, and the elevator also has a security guard and an internal employee guard, do not look at the documents, only look at the person, those who know can enter, and those who do not know have an employee card.

All that is to not be bothered by too many reporters, and the acquisition of Hutchison will definitely require the release of a press conference, but not now, but after the real control of Hutchison.

"It's fallen so much, Zhou Jiayang, buy it again immediately, but don't be too fast, slowly buy some back." Although I knew that Hutchison's stock would fall a lot after the announcement, I didn't expect it to be so much, and this kind of good thing must not be acquired a little more.

However, now that everyone is paying attention to Hutchison stocks, this kind of acquisition will not last long, once the market finds out that he is still buying, there will be other capital or floating capital immediately enter the market, and then the stock price will be too high.

"Okay, I'll try to be careful." Zhou Jiayang agreed.

Hong Kong, Cheung Kong Headquarters:

"The acquisition of Hutchison is such a big deal." Li Jiacheng of Cheung Kong Industrial was surprised and didn't know what to say after seeing the newspaper news.

"It's inconceivable that one of the four major foreign companies was actually acquired by the Chinese, and he is still a young man who has only been active in the mall for a few years." A slightly thin middle-aged man on the opposite side drank tea and said with emotion. He is Zheng Yutong, the founder of New World Group, who originally came to visit Cheung Kong to discuss cooperation on a piece of land, but before the meeting began, he was interrupted by the news of the Chinese-funded acquisition of Hutchison.

"I thought that Chen Zhiwen was very capable, and his future achievements would definitely not be simple, but I didn't expect him to dare to play so big and so ruthlessly." Li Jiacheng said after putting down the newspaper.

"Play big, you have to be stable, Hutchison's mess, it's not so easy to clean up, hundreds of millions of funds, we can actually get it, if it weren't for Hutchison's heavy debt, which round to get him a junior." Zheng Yutong shook his head and said.

"The debt is not so heavy, and we don't want to buy it together, but then it depends on how Chen Zhiwen gets the control of Hutchison from Qi Dezun, and if he gets it, he also has to consider how to deal with so many bank groups." Li Jiacheng said with a smile.

"It's very difficult, but if you really succeed and stay up until the price of land rises, then you will earn a Hutchison, Li Sheng, this Hutchison has so much land, but it is second only to Jardine's." Zheng Yutong said slowly.

"If it really succeeds, it can only be said that people are more courageous, and we people are just fighting the idea of the land and property under the British foreign company, and they can buy it directly." Li Jiacheng shook his head and said helplessly, for the large-scale British-funded foreign banks that hold a huge amount of land but do not understand the development, they are all jealous of the Chinese capital.

In the past few years, they have also been cooperating with British capital and then taking a share of the developed land, but many times, it is the British capital that takes the lion's share. There is no way, who makes the land belong to others, the so-called real estate economy, its core cost is the land, the cost of the building, most of which is not as good as the land downstairs, let alone the residence, the construction cost may be less than 20% of the land price.

Chinese capital began to rise a few years ago, and the market value has reached three or five billion, but it is much worse than that of British capital, and the combined market value of the five real estate tigers in 72 years is not as good as Wheelock, which has the lowest market value among the four major foreign banks.

In the past two years, due to the real estate crisis, the four major foreign banks have been damaged to varying degrees, but the market value is not less, and the scale is not less, and it is not something that Chinese capital can covet, and the only worthless Hutchison is so bad that no one dares to take over.

"At this year's yacht club, why don't you invite him over too?" Zheng Yutong asked.

"It's okay, if he can really stabilize Hutchison, then there will be many opportunities for us to cooperate in the future." Li Jiacheng thought for a while and said.

"Yes, Hutchison, there's too much land." Zheng Yutong said with envy in his eyes, although he started with gold and jewelry, but now real estate is also one of the main businesses of New World Group, so naturally the demand for land is very high.

There is one more chapter in the evening

(End of chapter)