136 TVB
Fast forward to August, and as expected, the stock exchange approved the permission for Hutchison Group to delist, and Hutchison officially became the first large group in Hong Kong history to delist from the Hong Kong stock market.
According to the original agreement, Chen Zhiwen also spent hundreds of millions of Hong Kong dollars to acquire the shares in the hands of some shareholders at the price on the previous contract, and another group of people, even if they believe that Chen Zhiwen has this ability, they also think that it will take too long for Hutchison to return to normal.
As a result, within half a month, Galaxy Securities successfully acquired 31.4% of the shares, and so far, Galaxy holds more than 80% of Hutchison's shares.
The acquisition, which spanned 8 months, ended in a perfect victory, this acquisition, 80% The stock is a total of 340 million Hong Kong dollars, basically only a little higher than the original Hutchison stock price, the fundamental reason, that is, Hutchison's operation is too bad, under the reasonable control of Zhou Jiayang in the early stage, it did not cost much, and the follow-up Hutchison stock acquisition was discovered, which stimulated the stock market, and the peak market value of Hutchison also reached 1.1 billion Hong Kong dollars, but after Chen Zhiwen's identity was exposed, the stock price fell quickly, allowing Zhou Jiayang to increase to 49.9% cheaply, and the rest is the acquisition after delisting, or thanks to Hutchison's bad situation, otherwise it wouldn't have gone so well.
However, although it did not cost a relatively huge price, but the investment of more than 300 million Hong Kong dollars also allowed Chen Zhiwen to rely on the speculation of petroleum derivatives plastic profits were basically spent, fortunately, the acquisition of Wharf was temporarily stopped, Chen Zhiwen also intended to suspend for a period of time, Hutchison's Huayang changed hands, but also made the British-funded consortium increase vigilance, stop for a period of time, is to withdraw the fist to rest, and wait for the next attack.
At the same time, at Chen Zhiwen's request, Citibank sent a team from the United States, and after half a month's agreement, Chen Zhiwen used Wal-Mart shares worth $146 million in his hands as collateral to lend 500 million Hong Kong dollars, of which 200 million Hong Kong dollars were transferred to Hutchison Group for the merger of its Whampoa Company and Watsons, and the other 300 million was still placed in the account of Citibank's Hong Kong branch.
The whole thing is highly confidential, Citi's Hong Kong branch did not participate, but in the end it undertook Chen Zhiwen's 300 million Hong Kong dollars, the reason why the branch is kept secret is also because there are many Hong Kong employees in this branch, and the entire mortgage contract will pass through them, there will be a risk of leakage, and the current Chen Zhiwen does not want the Hong Kong side to find out that he still has too much wealth in the United States, which is very likely to arouse the vigilance of all British capital.
And the injection of funds into a single account is only known to a few Yankees of Citibank, which is relatively much safer.
At this point, Chen Zhiwen owns 92% of Hutchison's equity, and the remaining 8% can only be acquired by Zhou Jiayang slowly.
At the same time, a joint venture composed of Li Jiacheng, Hehe Industrial and Hutchison Group was also registered, with Hutchison 50%, Cheung Kong 30%, and Hehe Industrial 20%, with Li Jiacheng as the general manager, Hu Yingxiang as the deputy, and Chen Zhiwen arranged for Zhou Jiayang to join in, the main role of supervision, and at the same time the financial arrangement of people.
Li and Hu naturally have no opinion on this, their main energy is to value some of Hutchison's projects and land, research how to develop, and Hutchison's engineers have also joined in, although Hutchison's real estate development ability is weaker, but the valuation is still no problem, and Chen Zhiwen also specially hired a third-party agency to also carry out valuation, when the three valuations are about the same, the joint venture company is to pay the corresponding funds of Hutchison, and the follow-up is to enter the development stage.
These are just established processes, and the specific operations in the future need to be decided according to the actual situation.
Inside Hutchison, Chen Zhiwen and Zhou Jiayang met with the management of Whampoa Group and informed them of the merger plan, Hutchison was originally the major shareholder of Whampoa, and the capital can be negotiated, and the management of Whampoa Group also approved the merger plan, but the specific needs to wait for the approval of the shareholders' meeting, but this shareholders' meeting is actually no different from the previous Hutchison shareholders' meeting, at most it is a matter of price.
Watsons stood still for the time being, waiting for the Whampoa Group's affairs to be over.
Richard's side is mainly responsible for selling all the non-core business companies in the company's non-real estate business, whether it is loss-making or profitable, Chen Zhiwen will sell them all, even if he may be optimistic about a certain business in the future, he can also enter the market in the future, and it is not the ever-changing electronics industry, and it will be fine for ten years later.
In addition to the 360 branches, in the era of Qi Dezun, Hutchison also invested in many companies, more and less, a total of 18, these are all in the position of major shareholders, and there are hundreds of less.
When Richard and Zhou Jiayang sorted out the list of these companies, Chen Zhiwen suddenly found a good investment that he almost ignored.
"Hong Kong TVB? We have 2.36 million shares of TVB, what is the proportion? Chen Zhiwen looked at one of the data in the table and asked.
"TVB? Let me see. Zhou Jiayang immediately flipped through the documents in his hand, what they gave the boss was a list, and he had more information in his hand.
"I found it, there are a total of 7.68 million shares of TVB, and our Hutchison account for a little more than 30.7%." Zhou Jiayang said after a quick mental arithmetic, and at the same time handed over the document to Chen Zhiwen.
"Why doesn't Qi Dezun want TVB? With his character, how could he not want this media weapon that can control the tongue of the whole port? Chen Zhiwen asked.
"Because when TVB was established at that time, we signed a contract with Hutchison, HSBC, and Times Life Group with Li Xiaohe, TVB did not incur huge losses, and the management team did not make serious mistakes, so we were not allowed to interfere with TVB, and TVB was established in 1967, when Qi Dezun had just become the master of Hutchison, and the strategy for investment was still different from later." Richard replied.
"And what if Lee Hyo-ho dies?" Chen Zhiwen asked again, he knew that this guy would not live for a few years, and it was also because of Li Xiaohe's death that Shao Yifu had the possibility of becoming the owner of wireless.
"Then the contract will naturally expire, Chen Sheng, are you interested in TVB?" Richard sensed the change in his boss's attitude.
"A TV station is still very useful, what kind of company is this Times Life Group?" Chen Zhiwen asked.
"This is a British-funded trading firm, which was a bit large-scale ten years ago, and Qi Dezun also had a good relationship with them at that time, so they invested in TVB together, but it has declined in recent years." Richard said.
"Then should we take the wireless shares in the hands of this company, they have 2.26 million shares in their hands, and once the acquisition is successful, we will control 60% of the shares of wireless." Zhou Jiayang asked.
"Okay, take it." Chen Zhiwen nodded, the shareholding structure of TVB, HSBC and Hutchison Bank, each owns 2.36 million shares; Times Life Group owns 2.26 million shares. Among the private shareholders, Li Xiaohe 270,000 shares; Li Rongsen and Li Rongda together accounted for 110,000 shares; Run Run Shaw owns 320,000 shares.
"Okay, chairman, then I'll go and consult." Zhou Jiayang agreed.
(End of chapter)