On September 26, the Hong Kong Economic Journal once again lit up the financial public opinion of the whole Hong Kong, and Hutchison Whampoa officially announced on the homepage of the Hong Kong Economic Journal that it had acquired 25% of the shares of Jingzhou Yingni, and at the same time would acquire the shares on the market at a price of 4.2 Hong Kong dollars per share, until the acquisition reached 49.9%, which is 25% of the current stock price of Jingzhou Yingxiao.

On the second page of the newspaper, the purpose of the acquisition was also detailed, and the board of directors of Jingzhou Yingxiao was publicly commented that the board of directors of Jingzhou Yingxiao had made no progress for decades, and had been stagnant in the field of cement manufacturing, without the slightest expansion measures, resulting in a long-term slump in the company's stock and heavy losses for investors from all sides.

Cheung Kong Headquarters:

Li Jiacheng looked at the newspaper in his hand and said with some pity: "Yingzhou Yingxiao? was actually made first by Chen Zhiwen. ”

A white man drinking coffee next to him said: "Mr. Li, Chen Zhiwen's purpose in acquiring this company should be for their company's land in Hung Hom. ”

"Yes, George, I used to take a fancy to this company, and I was ready to buy it, but I didn't expect it to be a step too late." Li Jiacheng shook his head and sighed.

"Why wasn't there an early acquisition? This company doesn't have a high market cap? George asked, curiously.

"It doesn't cost much money to acquire Jingzhou Yingxiao, but its piece of land, the industrial and commercial enterprises need at least more than 100 million Hong Kong dollars, even if they can take out a loan, it will seriously consume the credit line of Cheung Kong Industrial, we have too many projects in our hands, I originally wanted to consider it after a few projects in this period of time, but it is too late to say anything now." Li Jiacheng took a deep breath and said.

"Actually, it's nothing, the current Hong Kong market, a lot of good location land, Swire and Wheelock are constantly selling their own land, the Hong Kong government is also auctioning, and even Hutchison is cooperating with us to develop, we don't have to worry about the development of land now, if you miss a piece of land, you feel that it's a pity, it's completely unnecessary." George said, still sipping his coffee.

"You're right." Li Jiacheng nodded and said: "Actually, what I value more is that Hutchison has begun to expand externally. ”

"Isn't it normal to expand abroad? Hongkong Land also bought milk, and Hutchison, which used to be in the past, expanded aggressively. George said.

"It's still different, Chen Zhiwen is obviously much calmer, his direction accuracy is much stronger than the previous Qi Dezun, and he has more capital." Li Jiacheng shook his head and said.

George is the management elite he recruited from the headhunting company, and he has strong communication skills externally, especially with the Hong Kong government, and also has strong internal administrative management skills, and the only weakness is that he understands the real estate aspect, and he does not know much about the operation mode of Chinese-funded real estate companies.

"Although I don't know much about real estate, from the current business model of Hutchison, it seems that they are only interested in large areas or good locations, and they don't seem to want small plots or poor locations, as can be seen from the fact that they have been working with us since the debt crisis was resolved." George analyzed.

"Normally, they have limited manpower and energy, they are not experienced, and they have sufficient funds, so they will definitely have such a choice." Li Jiacheng nodded and said.

"However, I calculated that even if it is Hutchison, now it is necessary to acquire Jingzhou Yingni, and it is also necessary to transfer the 800,000 square feet of industrial land in Yingxiao in Jingzhou, plus the second phase of Huangpu Garden, which adds up to a lot of funds, and the pre-sale income of the first phase of Huangpu Garden is estimated to be very reluctant, so unless Chen Zhiwen mobilizes funds overseas, it is estimated that it will be difficult for Hutchison to make a big investment in the next year." George said again.

"This is good news, I am going to participate in the MTR auction of the two MTR exit sites in Central and Admiralty early next year, and if Hutchison runs out of money, I can reduce one competitor." Li Jiacheng nodded and said.

"The attraction of that location is too strong, even if Huang does not come, Hongkong Land will definitely not give up, and other Chinese-funded real estate and even overseas real estate companies will also participate, and our pressure is still the same." George said.

"One less is one, Cheung Kong has been in the suburbs until now, even if dozens of business development is good, the profit is also very good, but it still can't be on the table, I need to do a big project in Central to improve the popularity of Cheung Kong." Li Jiacheng looked at a bunch of high-rise buildings on Hong Kong Island in the distance and said slowly.

"Then you have to prepare more." George paused and said, in fact, he has little confidence in this matter, although Cheung Kong has developed very well in many projects, but most of them are far away from Hong Kong Island and even away from Tsim Sha Tsui, Kowloon Peninsula projects, although these remote areas have low housing prices, but there is less competition, do more, and the scale of benefits can also come up, which is also the development direction chosen by Cheung Kong Industrial, to avoid competition with most real estate companies, and to make a fortune in the countryside with peace of mind. At this time, if you want to change your habits and compete with giants for land on Hong Kong Island, there is a lot of pressure.

But having said that, unless Cheung Kong is satisfied with the current state, otherwise, if it really wants to develop better, it naturally needs to expand to Hong Kong Island, after all, the market in the countryside is always limited, and now Cheung Kong's land reserves have been able to have millions of feet, in terms of area, enough to reach the level of the top five in Hong Kong, but the value, I am afraid that the top 20 can not reach.

And his boss is very ambitious, and he will definitely not be satisfied with such results.

"Bastard thing." In an office building in Hung Hom, the chairman of Jing Chau Yingxiao, William. After Kane finished reading the newspaper, he slammed his fist on the table in anger.

"Chairman." The assistant on the side hurriedly stepped forward subconsciously, but he didn't know what to say.

"Immediately convene an emergency board of directors and bring all the directors together." After a period of hand pain, William Kane has returned to normal a little, and now he must stabilize when the survival of the business is at stake.

"Okay, I'll get in touch right away." The assistant hurriedly withdrew.

Under the notice of the secretary of the board of directors, except for a director who was not in Hong Kong, everyone else rushed to the scene that afternoon.

"Ladies and gentlemen, now that Hutchison has launched a hostile takeover over over us, it has affected the life and death of the company, so I hope you can stand on our side and work together to preserve the 100-year history of our company." William Kane said directly.

"William, there's no such thing as a hostile takeover, people are also really golden." One of the directors said with a smile.

"The cash acquisition is true, but after the acquisition by Hutchison, we will definitely break up our company, or even sell our business, and then there will be nothing left, and a large number of employees may lose their jobs." William Kane said with a black face, the one who spoke just now was one of the directors who had been having some friction with him, and it didn't matter when he controlled the company before, but now it has become a trouble.

"This is too far to think, and the benefits of Hutchison Whampoa for all employees of its subsidiaries are among the best in Hong Kong, perhaps, this is the best for employees." The man who had just spoken spoke again.

"What do you mean, Ida? Have you already sold your shares to Hutchison? William Kane almost roared.

"Yes, my shares have been sold to Hutchison." Edra laughed and said: "Everyone, I am here today, not to participate in this so-called board of directors, but to deliver a message for Hutchison, everyone here, if you are willing to sell the shares in your hands, then you can get a greater discount than the market, everyone can get the 35% increase in the previous price of Hutchison, direct cash transaction." ”

“35%？” The people present immediately looked at each other, this price is too exciting, you must know that they are all directors of the company, as long as the directors reduce their holdings of shares, they are restricted by the law, and it can be said that it is difficult to make a one-time move.

Nowadays, the Hong Kong stock market and the local market have risen sharply, and the stocks of Jingzhou Yingni have also risen some, but they are still not as good as the average level of the Hang Seng Index.

"Edla, since you are no longer a shareholder of Jingzhou Yingxiao, you are not qualified to sit here, please leave immediately, otherwise I will ask for security." William Kane's face was ugly, but his long-term gentlemanly behavior on weekdays kept him sane.

"I'll leave, but you can consider my proposal." Edra was also very face-saving, stood up and walked up to William Kane and said: "William, in the face of such a strong opponent, you don't have any chance, let's recognize the reality, Hutchison let me bring you a word, if you are willing to let go, then Hutchison can also increase 35% to acquire the shares in your hand, a one-time cash transaction, such a large amount of money, you can invest in other industries, or you are unwilling to leave, you can also continue to manage the company's cement business." ”

"If you dream, I won't give up my ancestral business." William Kane exclaimed.

"Okay, I admire you, so everyone here, except for you and me, holds almost 20% of the company's shares, how much are you going to increase to buy their shares? 40%？ With William's shares in your family, plus the shares of everyone here, you can almost keep the management of your company, please? Edra smiled as she gestured.

"That's enough, Edla, please leave at once." William Kane hurriedly said: "Everyone, don't listen to his nonsense, let's all manage Jingzhou Yingxiao together, now that the Hong Kong real estate market is strong, soon, our benefits will be greatly improved." ”

"No matter how high it is, can it compare to the real estate itself? Who doesn't know that engaging in construction is just to make some real estate skin. Edra smiled and said, "Everyone, the validity period given by Hutchison is only 2 days, if Hutchison acquires enough shares in the stock market, I am afraid that the stocks in your hands will not be able to sell even at the price of cabbage." ”

After speaking, without waiting for William Kane to get angry again, he hurriedly said goodbye and left.

Although the person left, everyone present was still very moved, not because of how good Edla's eloquence was, but because he just said what was in everyone's hearts, and besides, 35% was too fragrant, or cash.

"Ladies and gentlemen, we have all been directors of Jingzhou Yingxiao for so many years, I hope that everyone will focus on the overall situation, and in the long run, holding our shares will definitely give you a satisfactory rate of return." William Kane saw that the scene was a little abnormal, and hurriedly added.

"William, we understand your mentality, but you're also a director and shareholder of other businesses, what would you do if something similar happened to other businesses?" Another director said.

William Kane wanted to tell a lie directly, but the directors on the scene were all human beings, and lying too obviously would only make them more torn apart from themselves, so he said: "In this way, you give me 2 days to raise funds, if you really want to sell the shares, how about selling them to me first?" ”

(End of chapter)