237 Sitting on the mountain and watching the tiger fight
"Someone coming in? Can you find out who it is? Chen Zhiwen put down the work in his hand and asked.
Nowadays, all the layouts on the Hong Kong side are basically completed, except for one Wharf, which is one of the two wings of Jardine Matheson, although it may not be lost to Jardine Matheson in terms of financial resources now, but he has not forcibly launched an attack, because today's Jardine Matheson is constantly weakening because of overseas blood loss, and he needs to wait for the best time.
"I can't find out, in addition to us, there are suddenly dozens of accounts in the market that are buying Wharf shares, and there are often new accounts, which is obviously a pre-acquisition, but it is much faster than ours." Zhou Jiayang replied that next to him was Xu Jinhong, the general manager of Galaxy Group.
"How many Wharf shares do we have in our hands now?" Chen Zhiwen didn't ask any more questions.
Although in this timeline, several golden opportunities of Li Jiacheng were interfered with by himself, such as intercepting the Saixi Lake project from Swire Group and helping his father take away the MTR Central project, but now there are too many opportunities in Hong Kong real estate, and these are missing, with Li Jiacheng's ability, he can make up for it from other places.
In particular, he did not get the MTR Central project, which led to Li Ka-shing may have an extra amount of money in his hands, coupled with the high return income of various investments in the past two years and the overseas bank resources behind him, he has sufficient confidence to acquire some powerful British capital, and looking at the British-funded real estate giants in the Hong Kong stocks, Wharf is undoubtedly the most suitable.
Although the Hong Kong real estate market has recovered for nearly two years, there are still many people who are not optimistic about Wharf's Harbour City project on the Kowloon Peninsula, if this project fails, then Wharf will collapse even if it does not go bankrupt immediately, but Li Ka-shing is obviously not one of many people, he must be very optimistic about the Harbour City project, and outside Harbour City, Wharf still has a large number of high-quality land in the hands of the idle state, which is fatal to the temptation of real estate giants like Li Ka-shing.
"About 25%, Wharf had a private placement of shares for Jardine Matheson before, which diluted some of our shares, but then Wharf came to raise funds in the stock market again, and we took the opportunity to get 3 points of shares, and now the Wharf shares controlled by Jardine Matheson should be about 18%." Zhou Jiayang replied.
"In other words, there is no absolute superiority yet." Chen Zhiwen nodded and said, although his equity is large, the Jardine family has controlled Wharf for hundreds of years, and all the management is his, even if he becomes the largest shareholder, he can be easily excluded.
Historically, Bao Yugang is like this, after more than a year of continuous increase in shares between the two sides, Jardine holds 20% of the shares, Bao Yugang holds 30%, but Jardine controls the entire board of directors, in this case, unless a general meeting of shareholders is held to vote to remove the board of directors is possible to turn over, but it is obviously difficult, want to unite a scattered group, unless Wharf is the same as Hutchison in the past, the performance is so bad that all shareholders are not satisfied, and now Wharf although the results are not very good, but it is still far from bankruptcy.
"Yes, according to our original plan, that is, to acquire at a very slow pace on weekdays, and wait until Wharf is raising funds in the stock market before starting, this kind of operation makes our traces almost undetectable, but now this person behind the scenes directly uses a lot of cash to buy, and it is estimated that Jardine will soon find out." Zhou Jiayang paused and said: "The question is whether we should follow, if we follow, not only will Jardine be able to detect the abnormality earlier." Even with this acquirer, we will find out, but if we don't, the stock price of Wharf will rise sharply, and after Jardine Matheson is alert, it will be difficult for us to start. ”
"Let's hold our ground for now, stop the acquisition, and wait until the follow-up situation is determined." Chen Zhiwen said.
In fact, waiting for Li Jiacheng to attack Wharf is also one of the things he expected, but he remembered that it should have been 1978 in the original history, but now it is a few months in advance, but since Li Jiacheng has started, let Li Jiacheng and the Jardine Matheson Department play first, and wait for the follow-up progress.
"Okay, I'll immediately arrange for the trader to stop buying shares." Zhou Jiayang nodded and said.
"Wharf's shares don't need to be acquired, but Hongkong Land's shares can still be acquired, and if the funds are insufficient, I will raise funds from overseas, and I will acquire 10% of Hongkong Land's shares before I openly confront Jardine Matheson." Chen Zhiwen said.
Today, when Hong Kong's real estate market is rising, Hongkong Land's market value is also rising, almost to a level of between HK$5 billion and HK$6 billion, and considering the premium of the acquisition, it will take at least HK$600 million to acquire 10% of its shares.
Although Hutchison and Galaxy Real Estate currently operate projects with billions of Hong Kong dollars, these are the total value, and it is the basic routine of the entire Hong Kong real estate sector to leverage ten times the assets with hundreds of millions of funds, but if you want to come up with three or five billion Hong Kong dollars for other purposes, it is simply impossible, and the bank also has supervision, which is not allowed at all, even the Jardine Matheson, and it will not be able to take out so many funds in a short period of time, otherwise it will not be able to keep Wharf.
And the current arcade machine of the United States is completely holding a broom to sweep gold around the world, and a large amount of cash is silent on overseas accounts, although it has a certain role in the future, but now it is exchanged for real land stocks, which is still a good investment, high-quality stocks, which are very easy to realize assets, and cash is actually about the same.
"Okay, I understand." Zhou Jiayang nodded and said.
In the following days, after Chen Zhiwen's funds were withdrawn, there was no obvious change in Wharf shares, and it was clear that Li Jiacheng was also trying to avoid being discovered by Jardine Matheson or others, otherwise, the purchase of the same number of shares would pay several times the price.
It's just that Chen Zhiwen knows that it won't take two or three months for this matter to be exposed, and the most fundamental reason for this is that normal companies can't acquire a large amount of spare funds for a long time, which is also the case in the original history.
But at what cost?
Hundreds of millions of funds, with Li Jiacheng's means, plus now in the real estate rising period, it is no problem to increase the profits several times if you operate, but here in the Wharf, it may not be able to succeed, but Cheung Kong is likely to affect the normal development due to excessive blood loss.
In this case, Li Jiacheng naturally needs to increase the acquisition after obtaining a certain number of shares, even if the stock price rises, as long as it does not lose, he will continue to acquire, and strive to complete the acquisition in a short period of time, as long as the acquisition is successful, then Wharf so much land, with his means, he will be able to earn back, and he will also make a large real estate company, even if it is not successful, it is necessary to quickly decide what to do, even if it is a loss, it is necessary to leave, time is one of the highest costs in the real estate market.
It's a pity that there is no if, Li Jiacheng did not succeed in his previous life, not because of how strong Jardine Matheson was, but because HSBC intervened, HSBC did not want Li Jiacheng to acquire Wharf, and although Cheung Kong also has overseas banks behind it, the main battlefield is in Hong Kong, so it is impossible to ignore HSBC, so he can only let go. After that, he cleverly sold the stock to Bao Yugang, so that Bao Yugang and Jardine Matheson had a hard time, and he wanted to take the Hutchison Whampoa in the hands of HSBC at that time.
Because of his long-term acquisition, coupled with his own acquisition of Hutchison, it also led to Jardine Matheson's increase in its shareholding in Wharf, so there are much fewer stocks circulating in the market, and the current Li Jiacheng is estimated to have acquired less than 20% of the shares in his previous life, and he will be discovered by Jardine Matheson.
Just wait to see how Jardine Matheson will deal with it, and wait until Li Jiacheng retreats, and then make plans for himself. In addition, some of the funds mobilized from overseas accounts are also starting to acquire Hongkong Land's shares, but because Hongkong Land has not expanded its shares as many times as Wharf, it needs to slowly control the speed of acquisition.
Ready to make a move on this giant in Hong Kong, Chen Zhiwen is very excited, as long as he defeats the Jardine Matheson, then the current Hong Kong capital market will begin to change, the previous Hutchison, just took advantage of the other party's imminent bankruptcy period of acquisition, and this time, it will be a real forced merger and acquisition.
However, it is only a preparation now, and it is still necessary to wait until Li Jiacheng is forced to let go, and when Jardine Group relaxes.
PS: Ask for a monthly pass.
(End of chapter)