CLP and Grand Hotel are currently in turmoil, but because they will increase their shares according to the price before the acquisition, three days later, the two companies officially announced that they will carry out a private placement of shares in Galaxy Investment Group, a subsidiary of Galaxy Holdings, and the former will become the majority shareholder of the two companies, holding 16% of the shares, and have commissioners join the boards of directors of the two companies, with 20% of the voting rights.

At this point, the whole of Hong Kong also knows that the person behind the fluctuations in the stock market in the past two months is Chen Zhiwen, who did not take direct action, but arranged for the other two to consummate the Kadoorie family repeatedly, forcing their family out of Hong Kong and ceding two top listed companies in Hong Kong.

Many people have complained about this, thinking that Chen Zhiwen should no longer be the major shareholder of CLP under the control of HK Electric, which will form a certain monopoly, but the Hong Kong government has never stipulated that public facilities enterprises cannot have interrelated shareholders, after all, hundreds of years of history, such companies with conflicting interests can not do each other It would be very good, who would have thought that today's incident would happen.

Chen Zhiwen actually doesn't care about the comments from the outside world, when his worth and influence reach today's scale, any little action will attract a lot of attention, and it will naturally cause dissatisfaction among some people, especially some people, who always hope to increase their exposure by using some famous things.

Although they did not get the maximum benefits of CLP and Grand Hotel, but it is almost half of Bao Yugang and Guo Henian, after all, limited by the current laws of Hong Kong, the two of them can only hold 34.9% of the shares at present, but how to say, these two people also spent a huge amount of money, Guo Henian and the Kadoorie family burned hundreds of millions of dollars in the stock market, and Bao Yugang bought stocks at a high price in a "quick knife" way, as in history, spent more than 1 billion Hong Kong dollars.

Compared with the investment of these two, he is much less.

It's fast to October, and the Hong Kong stock market has begun to calm down from the previous takeover war, but the overall trend is still rising, and the benefit of high housing prices is that all consumption has increased on a large scale, and people have absolute confidence in the future.

The listing of Hengyi Group has also begun to enter the countdown.

As early as a few months ago, Chen Tianfu released the news that Hengyi Real Estate Group was preparing to go public, but where it is listed, it is definitely necessary to transfer part of the shares in its hands before listing, and the share is not a lot, after all, according to the current listing regulations in Hong Kong, the highest shareholding of a single listed company is 34.9%, and the shareholding can reach 40% after two years, and newly listed companies also need to comply with this provision, but a buffer period is given, that is, within half a year after listing, the regulatory requirements can be met.

However, even if there is a half-year buffer period, it is impossible to wait until after the listing to cash out on a large scale.

For Hengyi's achievements in the Hong Kong real estate market in recent years, industry insiders naturally know, but when Hengyi announced the results of the first half of 1980, I don't know how many people are red.

With the relationship with Hutchison and Wharf, Hengyi can cooperate in the development of common land at a preferential price, without high land costs, even if the first two take the majority of the profits, this is still a million profits, and because Hengyi has cooperated with the subway company very early, the income of this piece is greater, plus Hengyi is backed by Chen Zhiwen, and the cost of financing and borrowing in the financial market is much lower.

The cost of bank lending, one is interest, and the other is the process of obtaining a loan, which is also a loan of 100 million Hong Kong dollars, and people like Chen Zhiwen can borrow in one sentence, and even collateral may not be needed, because the three words "Chen Zhiwen" are far more than this price, but for a medium-sized company, the energy, favor, and resource investment will be very large, and the turnover efficiency will be much lower.

Hengyi's advantage in this area can be said to be the first in Hong Kong, stronger than Jardine Matheson, after all, Chen Zhiwen's business in Hong Kong basically does not lend money, and major overseas investments do not need Hong Kong banks, Hong Kong banks can cooperate with Hengyi, in fact, it has been an indirect model, who would worry that Chen Zhiwen's father will not repay the loan? Therefore, as long as Hengyi is willing to borrow, the bank is willing to lend, although Hengyi itself will also control the loan amount, will not expand indefinitely, but the cost is much smaller.

Under various advantages, Hengyi's net profit in the first half of the year was as high as 172 million Hong Kong dollars, and the cash funds in hand were as high as 870 million Hong Kong dollars.

"Dad, you transferred 1 billion Hong Kong dollars?" After Chen Zhiwen saw Hengyi's financial information, he asked.

Hengyi's normal business naturally will not have such a high profit, the reason why there will be more than one billion Hong Kong dollars, is because when the gold futures investment, Hengyi's funds were also used, and 3 times the amount was returned to Hengyi afterwards.

"Yes, Hengyi is not bad for money now, according to your plan, you will start cashing out next year, and the cash flow in your hands will be greater at that time, so I deliberately transferred 1 billion Hong Kong dollars in advance, that is, the profit you earned from overseas before. I will use it as my private investment in the future. Chen Tianfu said.

"That's okay, there's no need to list all the assets together, hedging will reduce the risk." Chen Zhiwen nodded and said, although he thinks that there will be no accidents, but there is no harm in doing so, and with such a large amount of money behind him, there will be many good opportunities to invest in the future, after all, after the listing, some assets do not belong to individuals in name, and it will be much more convenient to have a large amount of cash in his hands.

Of course, Hengyi doesn't need to be so ugly, but it is always convenient to have a sum of his own funds.

"I'm going to bring in some Chinese-funded real estate companies in Hong Kong, Cheung Kong Industrial, Hehe Industrial, Sun Hung Kai, New World, Hang Lung Properties, and Eagle Properties, each of which has about 1% to 2% of the shares, depending on their wishes, you can find a way to open a leather bag company, which can hold shares from overseas, and I can give you about 10%." Chen Tianfu continued.

Hong Kong's listed companies, there is no restriction on shareholders, anyone can be, but the regulations on triggering the takeover offer are relatively strict, and people from the same family must be counted as a subject, therefore, if Chen Zhiwen wants to get a piece of the pie, he needs to go through some special means, but this means is also limited, a listed company, most of the shareholders still need to be announced, therefore, as a hidden identity, will not hold too many shares.

"Let's add two more people, the richest man in Malaysia, Guo Henian, and the ship king Bao Yugang, if they want, they can also give a little share." Chen Zhiwen said that the share division before listing is necessary, in this case, it is better to give it to its allies, anyway, it is also sold for money.

"Okay." Chen Tianfu naturally knows the relationship between his son and these people, and he also knows about the affairs of the Taishan Society, but he and Chen Zhiwen are a family, so there is no need to join again, when there is a suitable investment, if he has funds on his side, his son will also bring him, besides, the real best investment must be the Chen family's own participation, only those who are at a lower level, or need other people's resources to invest, will be joint ventures with others.

"How much does that cost?" Chen Zhiwen asked curiously.

"Referring to Bill Winter's opinion, what he means is that the entire Hengyi is divided into 800 million shares, each share is 5 Hong Kong dollars, and the total value before listing is 4 billion Hong Kong dollars, do you think it will be too high?" Chen Tianfu said. Listed in Hong Kong, although it does not need a large-scale roadshow like Europe and the United States, after all, it is only a small city, and the funds attracted are also small, but it is still necessary to find a professional bank, the relationship between the entire Chen family and HSBC is not very good, Standard Chartered is naturally the best choice, during this time, Standard Chartered Taipan has also been busy with Hengyi's listing, many procedures and contacts are opened up by him, which saves Hengyi a lot of time and energy.

"It's not high, Hengyi's cash in his hands is 870 million Hong Kong dollars, and the net profit of half a year is 170 million, so if you calculate it, the price-earnings ratio is almost 10 times, far less than many real estate companies now, but the only weakness is that there is no large number of rental properties, which is much worse than other real estate companies, and its own capital accumulation is relatively poor." Chen Zhiwen thought for a while and said.

Even Chen Songqing, who plays the financial number game, can speculate his own stocks to billions of Hong Kong dollars, not to mention that he has a large amount of cash reserves, high-quality projects and his constant meaning as the capital behind him, 4 billion is just the starting point.

"After all, the development of Hengyi has only been in the past few years, and it is indeed not possible to hold the property by itself, otherwise, our valuation can be higher." Chen Tianfu nodded and said, although Hengyi has existed for more than 20 years, it has developed rapidly, that is, in recent years, most of it is still through the light of his son, self-owned property, not to mention the traditional British-funded real estate giant Swire Land, even Chinese-funded real estate companies are also far behind, for example, Cheung Kong Industrial holds a large number of land properties, although they are all in the countryside.

"This listing, the whole Hengyi is indeed relatively virtual, but through this listing, you can also get a lot of funds, plus many projects expire next year, when the time comes, the funds in your hands, it is estimated that not less than 2 billion Hong Kong dollars, with these funds, is the biggest capital, as long as the real estate crisis breaks out, at that time, Hengyi can quickly become the largest property company in Hong Kong." Chen Zhiwen said with a smile.

"I also have this plan, as long as this step is right, after the matter is completed, the whole of Hong Kong, except for the companies under you, can surpass Hengyi, and they will also be landed, not Swire Properties." Chen Tianfu said confidently.

In the case of predicting that there will be problems in the real estate crisis in advance, make full preparations, first go public to obtain a large amount of funds, and then gradually end the project, as long as the prediction is accurate, then when you buy the bottom, you can easily multiply the assets, Hengyi itself is not low, but it lacks a large number of self-owned properties, and this opportunity is enough to make up for the shortcomings, but compared with the development of the British giant Land, it may be much worse.

"Land, when the time comes, maybe you can try to buy it." Chen Zhiwen said with a smile.

"Really? Are you ready to do it against Land? Chen Tianfu was not surprised, his son had such an achievement, and it was naturally normal for him to make a move.

"Yes, but wait, at present, there are not many things worth starting in Hong Kong, and I can't really start with any assets after I see them, otherwise it will go too far, and it may cause negative effects." Chen Zhiwen continued.

Starting from Hutchison, Chen Zhiwen has acquired three large companies in Hong Kong, all of which can be said to be giant-level, and there are actually some good companies in the other, but he doesn't care very much, there is no need to buy everything, if it weren't for Guo Henian's involvement, the Kadoorie family would not have lost its two core assets.

However, it is very high-quality, and he will not let it go, and Hongkong Land is the best quality enterprise.

"Of course, recently Hongkong Land has been bound to the Jardine Matheson stock market, and it seems that it is ready to make a big move, and a few days ago, at a subway property auction, Hongkong Land has repeatedly bid for it, beating everyone, and pulling the subway property land in Causeway Bay to 20,000 Hong Kong dollars a foot, which is simply crazy." Chen Tianfu shook his head and said.

"Let it continue to go crazy, don't be crazy, we really don't have much of a chance." Chen Zhiwen smiled and said.

This kind of large real estate company with extremely high asset value and high rental income, if there is no great problem with the funds, then it is impossible for outsiders to have a chance to start, even if Chen Zhiwen has more funds in his hands than Hongkong Land, it is unlikely to succeed, only when the other party has serious problems and has huge debts.

(End of chapter)