For HK Electric, in fact, like Wharf, Chen Zhiwen does not plan to really privatize it, at least not for the time being, this traditional industry, the future is large-scale, but the efficiency is low, from the perspective of pure financial investment, it is not a high-quality asset at all, far less than the technology industry, and it is not in the trough of real estate like Hutchison at the beginning, and after privatization, you can get more capital by waiting for appreciation.

However, "I don't care about privatization" is a weapon for acquisition, and with this attitude, we can tell the acquiree to give up the struggle as soon as possible, but the premise is that the stock price of the acquisition cannot be raised, because after the acquisition offer is triggered, the remaining shares need to be acquired based on the highest purchase price in the previous six months, so that once the previous price is high, the purchase price will increase several times.

"Since Jardine HSBC has intervened, then quickly buy the stock price at a high price, buy it first, and then say, the shareholders' meeting will also apply for the convening, I will make an appointment with Shen Bi, as long as HSBC does not interfere, then Jardine Matheson can't make any waves." Chen Zhiwen paused and said.

In the original history, Hongkong Land also acquired HK Electric, but that was in 1982, when the housing prices in Hong Kong were even higher than now, and when Pao Yugang bought Wharf shares, Jardine Matheson took advantage of the high price to sell the stocks in his hands, and now Jardine Matheson, without the help of HSBC, he alone would not have this ability.

"Okay, then we'll do it right away." Xu Jinhong agreed.

In the afternoon of the same day, Galaxy Group officially announced that it already had 28% of HK Electric shares in its hands, and at the same time, it would continue to acquire HK $5.5 per share until it held 34.9% of HK Electric.

5.5 Hong Kong dollars, but it is worth 15% more than the average stock value of 4.8 in the current market, and it is more than 50% higher than the share price of HK Electric before the public takeover.

Others are hesitant, because Hongkong Land has intervened, the grapevine and HSBC have intervened, no one will know what will become of this acquisition, it is possible that Hongkong Land will be acquired at a higher price, and it is also possible that Chen Zhiwen will be forced to privatize HK Electric, so no matter what the outcome is, it will be profitable for the waiting party, but the risk is that when Galaxy acquires 34.9%, it will either fail because it does not want to trigger the acquisition offer, or it will be successfully acquired by other means. In this case, they will miss the opportunity.

North Point, HK Electric Headquarters Building:

"We just finished the meeting less than three hours ago, how did Galaxy know that we were going to introduce the shares of Hongkong Land?" In the conference room, Connor asked angrily.

A group of people below, you look at me, I look at you, and then a British citizen said, "Could it be leaked by Hongkong Land or HSBC?" ”

"I just called and asked, the two of them didn't hold any internal meetings, and those who knew about it were only a handful of people such as Shen Bi, Bao Fuda, and Niu Bijian, you wouldn't think it was revealed by a few of them, right?" Connor snorted.

In the conference room, there was a sudden silence, everyone looked at the others suspiciously, but for a while no one knew who the ghost was, after a while, Connor said: "I don't know who in your group did this, but the current situation of Hutchison is a lesson from the past, in Hong Kong, it is impossible for the Chinese and us British to really trust each other, and the Chinese have taken over our company, even if they don't drive us away, they will slowly take away the power in our hands." ”

There was a knock on the door, and a blonde woman walked in, and after a few words in Connor's ear, Connor said, "Okay, let's do our own thing." ”

After the meeting, Connor hurried to the headquarters of HSBC, where Niu Bijian and others were also there.

"The current situation is beyond our expectations, Chen Zhiwen already has more than 20% of the shares in his hands, he has the right to convene a general meeting of shareholders, and our proposal to increase shares can only wait until after the shareholders' meeting." Connor sat down and said quickly.

"How did he get so many shares? Did HK Electric raise funds in the stock market on a large scale? Niu Bijian frowned and said, Chen Zhiwen's two acquisitions before, one was that Hutchison was too bad, and the stock price fell into penny stocks for more than a year and no one cared about it, and Wharf was to build Harbour City and expand its shares many times to raise funds, giving Chen Zhiwen a chance.

"I thought carefully on the way over, it is very likely that in the past year, Hong Kong has been blocking the increase in electricity prices with public opinion, it is very likely that Chen Zhiwen arranged, and even before there were rumors that the Hong Kong government was going to issue a third power generation license, which was also false news released by them." "I suspected that someone was behind this, but I thought it was just some interest groups in Hong Kong who refused to let electricity prices go up, and now it seems that Chan Chi-man is doing it in order to be able to buy HK Electric shares for a long time," Connor said. ”

"Hutchison controls TVB, and so many Chinese newspapers are all owned by Chen Zhiwen, so it is not difficult for him to do this." Shen Bi nodded and said, "In addition, there are many people who support this matter, and Chen Zhiwen can easily succeed." ”

"Or what should we do now?" In fact, HK Electric and CLP proposed a price increase in electricity last year, and who would agree to it except for their own power group? Even if Jardine Matheson doesn't want to, everyone's business has been damaged under the energy crisis, and no one is happy to raise prices again, and they don't care how much HK Electric and CLP lose.

Shen Bi said: "In this situation, we can only forcibly raise the share price of HK Electric first, so that Chen Zhiwen will not be able to acquire enough shares within ten days to exert a veto,"

"Even if we can do it, Chen Zhiwen can convince some shareholders that only 33.4% of the veto power is needed, not 50.1% of the control, which may not be difficult." Niu Bijian said with a frown.

"Then you can't do nothing, right? Even if Hongkong Land's shareholding plan is vetoed by Chen Zhiwen, as long as the stock price is high enough, he will not dare to trigger the takeover offer, and there will be no way to obtain more than 35% of the shares, so that we will have a chance in the future, and it is a big deal to fall into a tug-of-war, as long as we have the right to manage, at least we have a chance to turn over. Shen Bi said.

"You guys hurry up and decide, what I know is that Galaxy Group has already closed its shares in the stock market, and if it's any later, we'll be completely late." Connor said with a frown.

"Okay, I'll immediately let Hongkong Land publicly acquire it in the stock market, and pull up the stock price first." Niu Bijian finally decided to say that although the management of HK Electric also has money, it makes no sense to buy it by itself, and the repurchased shares will still be shared by Chen Zhiwen, the major shareholder, and HSBC as the central bank cannot end up, only Jardine Land can personally take action, but in this way, it is another head-on confrontation with Chen Zhiwen.

"I will allocate some of the funds you need to you first." Shen Bi nodded and said: "I will also release the news, the current management of HK Electric is very capable, out of the requirements of further cooperation, HSBC will lend a low-interest loan of about HK $1 billion to HK Electric in the future, you also have a lot of land, right?" With the current land price and housing prices, if you develop it, it will be a huge profit.

As long as HSBC expresses its support for you in the announcement, then I think shareholders will be more willing to maintain the current situation, which will also make it more difficult for Chen Zhiwen to gain the support of shareholders. ”

"Then so be it, as long as the stock price is pulled high enough, or we give the market enough hope, then many people will be in a wait-and-see state, at least to delay Chen Zhiwen for a while." Connor nodded. Jardine Matheson stepped in to raise the stock price, causing Chen Zhiwen's acquisition costs to skyrocket, and then HSBC stepped in to give shareholders hope for the future after Hong Kong Electric maintained the status quo, and the two sides worked together to snipe Chen Zhiwen.

"OK, any further news, we'll meet again." Niu Bijian nodded and said, he actually knew that fighting against Chen Zhiwen in the stock market would have a certain loss for himself, but doing business itself is a risk and investment, and this income is HK Electric, it can really succeed, it is still cost-effective.

Early the next morning, Hongkong Land publicly announced that it had joined the acquisition plan of HK Electric, and at the same time a large number of funds entered the market, and the share price of HK Electric rose in response, and then the HSBC Group issued an announcement: HSBC is very optimistic about the management of HK Electric, if there is no huge change, then in the future, HSBC will increase its cooperation with HK Electric to assist HK Electric in the development of its huge area of land in several prime locations on Hong Kong Island, involving up to 1 billion Hong Kong dollars.

HK Electric Group also issued a timely announcement to thank the HSBC Group for its support, and also announced that it intends to set up a separate subsidiary for all of HK Electric's land to be listed in the future, and part of the funds obtained will be used to pay dividends to shareholders, and the other part will be used to develop its real estate company in a joint venture with Hongkong Land.

When the news came, the market suddenly became lively, and HK Electric's stock soared by more than HK$6 per share, and the market value of the entire HK Electric has exceeded HK$5 billion.

Cheung Kong Headquarters:

"Li Sheng, come, drink tea, this is the Longjing tea I brought from China, it was given to me by an official in eastern Guangdong Province, and it tastes very good." Hu Yingxiang of Hehe Industry greeted with a smile.

"You come to me, and you still use your tea, but it's anti-guest." Li Jiacheng laughed.

"I just came back from the mainland, and I heard about the recent major events in Hong Kong, so I came to your side." Hu Yingxiang said with a smile: "Li Sheng, we have discussed going to the mainland to invest in expressways together, but you are going to cooperate with HK Electric to develop its land, but now it seems that this project is not very good, should you think about it again?" ”

"Let's wait a little longer, it's hard to say what will happen to HK Electric this time, and their cooperation with Hongkong Land is actually just to raise the stock price and increase the acquisition cost of Chen Zhiwen. Li Jiacheng paused and said.

Chan's abrupt takeover of HK Electric dealt an almost devastating blow to Li Ka-shing's plans, as it took him two years to slowly convince HK Electric's top management that they were interested in working with him and then developing HK Electric's land together.

As one of the top 10 listed companies in Hong Kong with a history of 100 years, and its development on Hong Kong Island, HK Electric has a large number of high-quality land, which is eye-catching, if the cooperation can be successful, then Cheung Kong can double its scale in two or three years, and at the same time earn hundreds of millions of Hong Kong dollars.

Everything is developing according to Li Jiacheng's script, but Chen Zhiwen suddenly launched a takeover war against HK Electric, whether it is a successful acquisition or HK Electric's introduction of Land, in fact, he has no chance, but he doesn't really want to invest in the expressway, so he delayed.

"In the past few years, Hong Kong's stock market has been really interesting, and several successive big acquisitions have been eye-opening, which is unimaginable if Chinese acquired large British companies ten years ago." Li Jiacheng's refusal, Hu Yingxiang didn't care too much, he didn't know how many people he asked, but they didn't agree, and there weren't many more Li Jiacheng.

"It's just a one-man show, and we're not qualified for the time being." Li Jiacheng shook his head and said.

"Actually, it's okay, I know you also want to buy some British-funded companies, don't stare at those big companies, there are still a lot of medium-sized British-funded companies in Hong Kong." Hu Yingxiang said with a smile.

"Forget it, I don't have any plans for the time being." Li Jiacheng shook his head and said: "The Hong Kong government has revised the rules for triggering takeover bids, and now it is very difficult to acquire any company, and I have focused all my attention on cooperating with British-funded companies to develop land." ”

"That's not bad, I think back then, we developed the land together, and we couldn't find a good location at all, and now this method is very good." Hu Yingxiang nodded and said that among the five real estate tigers in Hong Kong, he has a good relationship with Li Jiacheng, since the 60s, the two of them have developed several projects together, and it can be said that they have grown together to this point.

"What about you? Are you really going to invest so much money in domestic highways? Even if this kind of project does not lose money, it will take a long time to pay off. Li Jiacheng asked.

"Let's have what we want, the wealth has reached our point, and basically we can't spend it, and it's not interesting to pursue ten times and a hundred times the wealth, it's better to do what I want to do." Hu Yingxiang smiled and said.

"Each has its own needs, but if you want to invest in large-scale infrastructure in China, it is better to go to Chen Zhiwen, I heard that he also invested in some domestic factories last year, and the relationship with the mainland is also good, and the funds are enough." Li Jiacheng said with a smile.

"I had this idea, but since he's busy buying HK Electric now, I'd better wait until he's done with it." Hu Yingxiang said.

"That's okay, I estimate that Chen Zhiwen should be ready to make a move, and now Jardine and HSBC are practicing to deal with him again, it depends on how he responds." Li Jiacheng nodded and said.

"Yes, the previous Wharf, this time it is HK Electric, if Chen Zhiwen wins again, the British capital in Hong Kong will no longer be able to harden in the future." Hu Yingxiang laughed.

The acquisition war of Wharf can also be said to be a sneak attack that Chen Zhiwen has prepared for a long time in advance, but this time, the Hong Kong government has passed a law to protect the British capital from being acquired, in this case, if HSBC and Jardine Matheson still lose, then the whole Hong Kong era can change.

(End of chapter)