"Privatization?" Richard was taken aback.

"Yes, all privatization, although I now have an absolute controlling stake, but fund-raising this kind of thing, still need other shareholders to pay money, Hutchison's current situation, really let them take out tens of millions or even hundreds of millions of funds, they are definitely unwilling, this will only affect Hutchison's normal business, besides, if we do not privatize, we will sell a large number of Hutchison's assets in the future, there will definitely be a bunch of people who oppose it, in case it really reaches 33.4% of the equity opposition, we will be trapped." Chen Zhiwen explained.

The bottom line of a veto is 33.4%, that is, 1/3 of the equity, when 1/3 of the equity is concentrated, you can block the company's major decisions, although it is difficult for the scattered people to gather, but there is also this possibility, after all, the follow-up to the entire Hutchison to carry out large-scale surgery, easy to cause a lot of people who do not understand the opposition, if it is really used by someone with a heart, it will still be very troublesome.

Fundraising is the same, Hutchison needs 200 million, and after controlling 49.9% of the shares, according to the proportion of equity, he will give almost 100 million, and other shareholders will contribute another 100 million, not to mention that Hutchison is now in an environment where he is not trusted, even if it is a normal company, if it wants shareholders to make so much money, it is estimated that it will take three or five months, and it may raise 80% of the shares, therefore, most companies will only raise funds through share expansion.

But in Hutchison's current situation, it is estimated that no one wants to expand the shares, especially the shareholders do not believe that Chen Zhiwen can save Hutchison as a Chinese, and if he increases his shares, his shareholding will soon exceed 50%, which will trigger a comprehensive takeover offer.

And more importantly, in the future, the Hong Kong stock market real estate will rise sharply, and this dividend will increase Hutchison's property by billions in the future, and now it only needs to spend hundreds of millions to swallow it, especially the 2 million square feet of land in Hung Hom, which is a fat sheep.

"If Chen Sheng's funds are not problematic, this will naturally be better." Richard didn't have much to say, anyway, the other party controlled 49.9% and 100%, it's the same.

"Okay, so be it." Chen Zhiwen nodded and said, "If you have anything important, you can notify me directly." ”

"OK, Zhou Sheng, then I'll leave first." After Richard finished speaking, he politely left.

Zhou Jiayang on the side said: "Chen Sheng, privatization Hutchison, we don't have so much money at the moment? ”

Chen Zhiwen said: "Don't worry, privatization is not going to the supermarket to buy things, and I don't want to trigger the takeover offer, this thing is too demanding on funds, I need the next game." ”

"Not triggering a takeover offer? It's unlikely, right? Zhou Jiayang asked.

"Hongkong Land buys milk, do you see that they triggered the acquisition offer?" Chen Zhiwen said with a smile.

"It's ......, no." Zhou Jiayang said after recalling for a moment.

Hongkong Land used its own shares to exchange the shares of the dairy company in the hands of the milk shareholders, no matter how it was exchanged, a few to several transactions, but there was no cash for a dollar, and after Hongkong Land got 80% of the shares of the dairy company, the Hong Kong Takeovers Committee was dumbfounded, so they could only pinch their noses and admit it.

Of course, it may also be a raccoon dog and deliberately don't care.

"We can't use this trick!" Zhou Jiayang asked.

"Yes, and we can't use it if we have the ability, Hong Kong shareholders will not be fooled a second time." Chen Zhiwen said that Hongkong Land exchanged shares for shares before, but his shares had a lock-up period, and as a result, the stock price collapsed after the 73 stock crash, and the shareholders suffered heavy losses.

"So what do we do?" Zhou Jiayang asked.

"Hutchison's current stock has basically fallen to 5% of its peak, and this kind of stock can be forcibly delisted under normal circumstances, right?" Chen Zhiwen said.

"Delisted?" Zhou Jiayang immediately seemed to be enlightened, and said: "What does Chen Sheng mean, is it to delist first, and then fully privatize? ”

In Hutchison's case, it should have been forcibly delisted a long time ago, but the scale of Hutchison is too large, and the Hong Kong government does not dare to operate like this, so it can only be dragged on.

"Yes, as long as you delist first, then you can bypass all restrictions." Chen Zhiwen said.

"It's a loophole." Zhou Jiayang nodded and said, the stock market can make money, in the entire history of Hong Kong, there are many companies that have been listed on the stock market, and there are some who have been forcibly delisted, but those who have taken the initiative to delist are estimated to be true, and the stock exchange's regulations on this area are not perfect.

"When delisting, we are not obligated to acquire investors' shares, and after delisting, I can inject capital alone, without the restrictions of the securities exchange, and many things will be much more convenient." Chen Zhiwen said.

"It's true that this can circumvent the takeover offer, but it may attract a lot of criticism for us. Moreover, the stock exchange may not allow us to re-list in the future, is Chen Sheng not going to re-list Hutchison in the future? Zhou Jiayang asked.

"The next listing will be a long time later, and it will be a problem in the future, and we will talk about it later, and by then, the Hong Kong government may have changed office, and the problems left now may not have any impact in the future, even if it can't be listed in Hong Kong, it can be listed in the United States, Canada, and the United Kingdom." Chen Zhiwen said indifferently.

In the future, Hutchison has a lot of significance for Chen Zhiwen's plan, so it must be privatized now when the stock price is at its lowest, and if not, wait for the stock price to be low for a long time in half a year before launching a takeover offer, but that will pay a higher price.

And unlike later generations of Hutchison, it is difficult for him to get strong support from HSBC, and many times he can only rely on himself, so in this case, privatization is a necessary choice, otherwise the company needs funds, and those shareholders are noisy and refuse to pay? It's just a waste of energy and time, and you can't increase your shares, so you can't lend money to Hutchison, right?

"The only problem is that delisting requires the consent of 66.7% of shareholders, Chen Sheng, you don't have enough shares in your hands, we can take advantage of the low stock price and buy it to 49.99%, but not more." Zhou Jiayang said.

Chen Zhiwen said: "This is not a problem, let the overseas registered company acquire some more shares, and then find a few people to participate in the shareholders' meeting as representatives, and also, you have contacted many shareholders before, they should be willing to sell their shares, right?" ”

Zhou Jiayang nodded and said: "Yes, in the last period of the previous acquisition of Hutchison shares, I took the initiative to contact some shareholders, and many of them were willing to sell their shares, but the stock price was a little higher during that time, and after the acquisition of the required shares, it was gone." ”

"Then they must be desperate by now." Chen Zhiwen said with a smile that the Hong Kong media is still very unfriendly to the Chinese, especially those British-funded newspapers, who are not optimistic about Hutchison, resulting in Hutchison stocks becoming penny stocks recently.

"Yes, they have been contacting me recently to sell us the shares." Zhou Jiayang said.

"Then tell them that I can buy their shares at a price 50% higher than the market, but I have to let them cooperate with us in delisting Hutchison at the shareholders' meeting, and we will trade after the delisting, they are smart people, they should know how to choose." Chen Zhiwen said.

Delisting is the bureau that Chen Zhiwen prepared for the privatization of Hutchison, and as long as it gets 66.7% of the votes in favor, even if outsiders know that it is a conspiracy, there is nothing to be done. After delisting, it is easy to carry out a full privatization without being restricted by the stock exchange.

Of course, the main reason is that Hutchison's current business is too bad, and the shareholders have long distrusted Hutchison, especially Chen Zhiwen and a Chinese acquired Hutchison, which led to a panic among the shareholders.

Moreover, this situation will basically not occur in the future, because a company with normal business, even if it is delisted, many shareholders will not necessarily withdraw, only the current Hutchison, the debt is too heavy, and normal shareholders will be afraid that it will go bankrupt completely, and eventually the investment will become nothing.

"I know what to do, as long as the privatization of Hutchison is successful after the delisting, and then we solve the debt problem of Hutchison, then we will become one of the strongest groups in Hong Kong." Zhou Jiayang said with a smile.

"Of course, but don't forget Wharf, after Hutchison is acquired by us, all British capital will be very sensitive, during this period of time, Wharf's acquisition will be suspended for a period of time, plus our funds also need to be used to solve the problem of Hutchison first, and the matter of Wharf will wait until next year." Chen Zhiwen thought for a while and said.

In fact, in the past six months, the main acquisition of Galaxy Securities is Hutchison, Wharf's acquisition is not much, because there is no urgency, in the original history, Hutchison is because the stock price in December 74 will be taken away by HSBC in September 75, so it must be started early, and the time is also very urgent, and Wharf, even if it stops for a year or two, it doesn't matter, it is to wait until the large-scale investment of Jardine Matheson Group overseas is all lost, before you can start.

"Okay, I'll stop all actions at Wharf now, and I won't buy a single stock." Zhou Jiayang said.

"During that time, I happened to stay in Hutchison, help me stabilize Hutchison, and then arrange for talented Chinese to take over important positions, what I said to Richard is true, I will also use this group of ghosts in the future, but it doesn't mean that they will always be in control of Hutchison, the Chinese side also needs real power." Chen Zhiwen said.

"Chen Sheng, although Richard seems to be very cooperative with us, I think he seems to be reluctant to promote Chinese." Zhou Jiayang frowned and said.

"Of course, we want to use the Chinese, they will naturally feel very dangerous, this is an instinctive reaction, but at the moment the normal operation of Hutchison is inseparable from them, so you have to master a balance." Chen Zhiwen said with a smile: "Don't worry about these first, you better understand the actual situation of Hutchison first, Hutchison now has more than 300 branches, most of which I have to dispose of, what you have to do now is to understand these branches with Richard, which ones need to be retained, which ones are not needed, and how much can they be worth if they do not need to be retained?" I can't just believe what Richard said, and I need to refer to your opinion. ”

"Okay, no problem." Zhou Jiayang nodded and agreed, the dispute within Hutchison is a matter of the future, and now the first step is indeed to save Hutchison first, and the full privatization required by the boss.

"I don't know what's going on inside?" Outside the Hutchison Building, many reporters waited at the door, sweating from the flames, and kept drinking ice water to cool down.

"If only I could get an interview, I wonder if Hutchison will change its name?" A young female journalist said.

"Interview? Are you dreaming? I couldn't even interview the top Red Bull staff, and they gave a death order not to be interviewed. Another said.

At this moment, there was a sound not far away, and several people looked up and followed the sound, it was the exit of the underground garage of the Hutchison Building, and many reporters were surrounding a car, as if they wanted to interview the people inside.

"Chen Zhiwen is inside?" They don't understand a little, there is no need to go underground when you go to the gate when you come, it's not that there are no security guards, and it's not noon, so there's no reason to leave now.

"Let's go, let's see." Several people carried the interview equipment and ran over at a trot.

But when I arrived, it was obviously late, and the camera was too heavy.

"Old Qin, what's the situation?" These reporters belong to different companies and are considered competitors, but they are not life-and-death, and the relationship is not bad on weekdays.

"Lao Zhao, you're late, I just got a wonderful picture." Lao Qin said with a smile: "Qi Dezun drove away and remembered." ”

"Was it driven away?" Lao Zhao's heart moved, Chen Zhiwen became the master of Hutchison, how to deal with Qi Dezun is a topic of conversation for many Hong Kong people after dinner, and some places have also set up score gambling games, but now it seems that it was directly fired.

"I'll have to go back and wash the photos first, goodbye." Lao Qin ignored the others, and hurriedly picked up his camera and ran.

"Big brother, what should we do?" Lao Zhao's subordinate asked.

"Hold on, I haven't taken important photos, and when Chen Zhiwen leaves, let's see if I can take a photo of him." Lao Zhao paused and said, "You go back to the door and watch, I'll go to the phone booth to make a call." ”

After finishing speaking, he ran towards the phone booth not far away, and after waiting for two people, he only saw a number dialed, and said to the opponent: "Brother Tian, I am Xiao Zhao, I just got the news, Qi Dezun was directly driven away by Chen Zhiwen, and Hutchison's stock price is estimated to be scrapped." ”

(End of chapter)