Vol 2 Chapter 744 The wealth of Jardine and Landmark (7K large

  Chapter 744 The wealth of Jardine and Landmark (7K chapter, please subscribe~)

  Now that he decided to modify the acquisition plan, Chu Huan immediately held a high-level meeting of Jiaku after Jian Yueqiang left, and at the same time called Liu Zhiyuan, Chen Tao, Bryant, and Du Huilian to the meeting room.

  After everyone listened to Chu Huan’s description and thought about it, Bryant asked Chu Huan.

   “Chairman, since we have revised our acquisition plan, shall we continue or suspend the acquisition of Standard Chartered Bank shares on the London Stock Exchange?”

  Chu Huan said: “Reduce the number of acquisitions, but keep it going!”

   The acquisition of Standard Chartered Bank must not be given up, but a more secure method can be used to reduce the number of daily acquisitions, which can better avoid being discovered by Standard Chartered Bank.

  Liu Zhiyuan asked: “Chairman, should we completely stop the acquisition of Xiangjiang Local Bank, or what should we do?”

  Chu Huan said: “Issuing an acquisition application to the local bank we have already designated shows that it is a good-faith acquisition. If the other party gives up, then there is no need to continue!”

According to Chu Huan’s idea, if the acquisition of a local bank in Xiangjiang can be completed through friendly negotiation, Chu Huan has no objection. bank, and now it’s different.

   Afterwards, everyone discussed the specific details of the acquisition plan. By the time the meeting ended, it was already night.

  Next day!

  Chu Huan did not go to the Chinese Bank, but came to the global shipping headquarters in the Prince Building.

  Chu Huan came in person. Bao Yugang’s two sons-in-law Su Haiwen and Wu Guangzheng were waiting for Chu Huan in the lobby of the building. After seeing Chu Huan, they cordially led Chu Huan into the elevator.

   “Haha, I received a call from you, Ahuan, this morning, and I deliberately postponed all my trips!”

  After seeing Chu Huan, Bao Yugang also laughed and stood up in his seat, walked up to Chu Huan and shook hands with Chu Huan, and then invited Chu Huan to sit on the sofa.

   “If you don’t have anything to go to the Three Treasures Hall, A Huan, you came here in person this time, you must have something important to say?”

  Bao Yugang sat opposite Chu Huan and asked with a smile.

   Once the richest man in Xiangjiang, now the richest man in Xiangjiang, the two met so formally, Bao Yugang was sure that Chu Huan must have something important to discuss with him this time.

  Chu Huan nodded and said, “There are indeed some things I want to discuss with Uncle Bao!”

   “What’s the matter, just say it, A Huan!” Bao Yugang said briskly.

  Chu Huan asked straight to the point: “I don’t know Uncle Bao, when are you going to launch the final acquisition battle against Wharf?”

  Chu Huan’s words made the atmosphere in Bao Yugang’s office suddenly tense. The three of them, Weng and his son-in-law, never thought that Chu Huan would come here for this matter.

  Seeing that Bao Yugang didn’t answer his question immediately, Chu Huan laughed and said, “Of course, if this is a company secret of Uncle Bao, then it goes without saying!”

The acquisition of Wharf can be said to be the most important strategic reform of the Bao Yugang family. Even though Chu Huan and Bao Yugang had cooperated many times before, there were even many discussions on the acquisition of Wharf. But Chu Huan’s current question still involves the core secrets of the Bao Yugang family!

After pondering for a moment, Bao Yugang suddenly smiled and said, “Of course it’s hard to say something to others, but you have nothing to say to A Huan. Now Global Shipping is actively disposing of its own tankers. The specific time to buy Wharf is yet to come.” It’s not finalized, but at least we have to make sure we have sufficient funds to start action!”

  After receiving Bao Yugang’s answer, Chu Huan nodded, and then asked: “I wonder how much money Uncle Bao thinks it will take to successfully complete the acquisition of Wharf?”

  Since Chu Huan is going to focus on the acquisition of Jardine, the previous plan for the acquisition of Jardine will naturally have to make some changes.

   First of all, what Chu Huan has to do is to make Yihe tired of coping.

  Now Jardines has put most of its cash on the expansion of 7-11. If Bao’s acquisition of Wharf breaks out at this time, it will make Jardines fall into a situation of being left and right.

And what Chu Huan has to do is to enter the market to buy Jardine when they mobilize their last funds to enter the market and compete with Bao’s for Wharf. success rate.

   As for the following things, it has nothing to do with Bao Yugang!

Bao Yugang and the three of them were a little surprised by Chu Huan’s question again, but at the same time they felt a little secretly happy. Before that, because of Jiaku and Yunhai’s repeated operations, Bao believed that the cash in Chu Huan’s hand had already appeared. Certain problems, so for a period of time, he even gave up the idea of ​​asking Chu Huan for a loan.

  Although they had already taken part of the loan at Alder Commercial Bank because of this incident!

   But now that Chu Huan came over in person and directly asked about the funds, the meaning behind it, needless to say, they already guessed a little.

   “It is still uncertain. If we start now, Hongkong Land will definitely fight back. No one can say how much Wharf’s stock price will rise by then.”

  Bao Yugang replied.

Chu Huan thought for a while, and then said: “According to Jiaku’s analysis, if the Wharf takeover battle breaks out, then both sides will definitely give their best. It is difficult for Jardine to accept losing the control of Wharf, but now Both Jardine Matheson and Landmark are actually facing this important problem, that is, the lack of a certain amount of cash flow, and before that, many banks in Xiangjiang put funds in the retail industry of Xiangjiang.

   This has led to Jardine Mathesons having to seek help from overseas banks or foreign banks in Hong Kong if they want to mobilize a large amount of funds in a short period of time.

  But if this is the case, this process must be longer than that of Xiangjiang Bank.

  So in the early stage, it is very likely that the other party will buy shares in Wharf in exchange for shares in Landmark or Jardine! ”

  After listening to Chu Huan’s analysis, Bao Yugang nodded again and again, and said: “We discussed this matter before, and the conclusion we got is similar to that of your Jiaku!”

Chu Huan said: “If this is the case, you can almost guess Jardine’s purchase price for Wharf. It should be around 100 Hong Kong dollars per share, so if Bao wants to complete the acquisition of Wharf, At least a price of more than 100 Hong Kong dollars per share must be prepared to complete the acquisition of Wharf!”

  Now Wharf has a total of 107 million shares, and now Pao holds 32% of Wharf’s shares. If Bao wants to gain control of Wharf, he needs at least 18% of Wharf’s shares.

   That is to say, according to the calculation of 100 Hong Kong dollars given by Chu Huan, Bao needs at least 1.926 billion Hong Kong dollars to win the control of Wharf.

   “It is still difficult to win Wharf at a price of 100 Hong Kong dollars per share. If you want to be foolproof, you must at least have a price of 105 Hong Kong dollars per share!”

  Bao Yugang preached in a deep voice.

   Sure enough, it was Bao Yugang’s routine. In another time and space, when Bao Yugang finally competed with Landmark for Wharf, he bought Wharf shares at a price of 105 Hong Kong dollars per share.

   We must know that last year, the market value of Wharf was only 2.45 billion Hong Kong dollars. Now, according to the price given by Bao Yugang, the market value of Wharf will increase to 10.7 billion Hong Kong dollars.

   More than quadrupled!

   As we all know, the market value is the market value, and the asset value is the asset value. If calculated according to the current asset value of Wharf, after the completion of Harbor City, Wharf is indeed worth this price!

   But no matter what, the price at this time must be inflated. After the Wharf acquisition battle is over, the stock price will definitely fall.

   “If it is 105 Hong Kong dollars per share, then the capital needed will exceed 2 billion Hong Kong dollars!” Chu Huan analyzed.

  Bao Yugang nodded.

  Chu Huan continued to ask: “Uncle Bao, how much cash do you have now?”

When Bao Yu heard Chu Huan’s question, his eyes suddenly lit up. He thought that because of the war in the retail industry, Chu Huan didn’t have much cash in his hands. Hearing what Chu Huan said now, he understood that Chu Huan’s It’s timely charcoal.

   “Pao’s current account still has 500 million Hong Kong dollars in cash. If Director Chu can help, we need another 1.5 billion Hong Kong dollars!”

Originally, according to Chu Huan’s plan, the Wharf takeover battle was different from another time and space. The shares of Wharf held by Bao at this time had also exceeded the shares held at the beginning. Cash should not be the same as another time and space, it is still 500 million Hong Kong dollars!

  But it is precisely because of the changes in the Wharf takeover battle, coupled with Chu Huan’s unfavorable view of the shipping industry, that Bao Yugang sold oil tankers faster in this time and space than in another time and space.

   Once the two parties colluded with each other, it was guaranteed that there was still 500 million Hong Kong dollars in cash in Bao’s account at this time.

Chu Huan nodded and said, “Now I don’t have that much cash in my hand, so I can only prepare a cash loan of 1 billion Hong Kong dollars for you, Uncle Bao, but you don’t have to worry, a sum of money I have in Europe will be available soon. When it arrives, I can transfer the remaining 500 million Hong Kong dollars to you, Uncle Bao, so you can start preparing for the formal acquisition of Wharf now!”

Naturally, it is impossible for Chu Huan to only have 1 billion Hong Kong dollars in his hands. The reason why Chu Huan said this was to make the battle between the Baos and Landmark even more anxious. After all, Chu Huan also needed time to plan and acquire Landmark. and stocks.

  Bao Yugang showed a surprised smile, and said: “If this is the case, that would be really great. If the acquisition of Wharf can be successfully completed, the plan of Global Shipping to abandon the ship and land will be considered complete!”

This matter is related to the life and death of global shipping. In Bao Yugang’s view, if the situation of the shipping industry analyzed by him and Chu Huan is true, then the shipping industry in the next ten years will usher in an unprecedented boom. Depression period.

  World Shipping, as the shipping company with the largest number of oil tankers and the largest tonnage in the world, has been hit absolutely unprecedentedly.

   Only by reducing the tonnage of global shipping and focusing Bao’s business on the real estate industry in Xiangjiang, can such risks be avoided.

  Chu Huan said with a smile: “Uncle Bao, if you have made up your mind and return to the company later, I will ask the company to transfer the funds to Hong Leong International’s account!”

  Bao Yu just stood up, stretched out his hands, and said seriously to Chu Huan: “Ah Huan, I really don’t know how to thank you for this incident!”

Originally, Bao Yu had already borrowed part of the funds from the Alder Commercial Bank when Bao Yu first bought the shares of Wharf. Now Chu Huan has lent another 1.5 billion Hong Kong dollars to Bao. Things for Bao.

   It can be said that it is entirely due to Chu Huan that the Bao family was able to acquire Wharf.

  Chu Huan said with a smile: “This is what we discussed before, as long as Uncle Bao doesn’t forget our previous agreement after completing the acquisition of Wharf.”

  What Chu Huan and Bao agreed before was that after Bao completed the holding of Wharf, Bao would sell the Modern Terminals Co., Ltd., which Wharf belongs to, to Chu Huan.

   And Chu Huan will also become the largest terminal company in Xiangjiang because of this transaction, and the International Container Terminal Company under Huangpu Dockyard!

  Although Bao Yugang feels sorry for Modern Terminals Co., Ltd., it seems that this company can give up if it can win Wharf.

   “A Huan, don’t worry, without your help in this acquisition, it would be almost impossible for us Global Shipping to win Wharf, so we will definitely abide by the agreement between you and me!”

  Chu Huan stretched out his hand with a smile, and said, “Since this is the case, I wish you, Uncle Bao, the smooth acquisition of Wharf!”

   “Thank you!”

.

   After coming out of the Prince’s Building, Chu Huan returned to the Chinese Bank and called Xu Yi in.

   “You asked Cui Weihua to transfer 1 billion Hong Kong dollars to Hong Leong International’s account!”

  Xu Yi smiled immediately after listening, and asked, “So, Bao Yugang is already preparing to buy Wharf?”

Chu Huan nodded with a smile and said: “That’s right, in fact, before this, what Bao Yugang has been lacking is sufficient funds. Now that we are willing to make up for their shortage of funds, they will naturally not delay their cooperation with Wharf. Acquired!”

  Xu Yi said: “If Pao’s starts the acquisition of Wharf, can we start the acquisition of Jardine and Landmark?”

  Chu Huan asked: “How much stock does the company hold in the two companies?”

  Before this, Chu Huan had been planning to acquire Jardine Matheson and Landmark, so he was gradually absorbing the stocks of the two companies.

  Although Jardine and Landmark have always given the outside world the impression that they are two in one.

   But in fact, the mutual holding relationship between Jardine Matheson and Hongkong Land is not as solid as it seems from the outside world.

  According to the announcement, the Keswick family, who is recognized as the head of Jardine, holds only 10% of Jardine’s shares, and Jardine’s holding of Hongkong Land is only 20%.

  This data is definitely a very good data for those who want to acquire Jardine and Landmark.

   This is also the reason why Chu Huan chose to acquire Jardine and Landmark at this time, because in another time and space, when the Wharf acquisition war broke out, Jardine made corresponding policies.

At that time, the protection measures of Niu Bijian had already started at the end of 1979. In December of that year, Jardines injected the Wharf shares held by the Excelsior Hotel in Causeway Bay and Jardine Securities into Hongkong Land in exchange for Hongkong Land shares, increasing its holdings. stock volume.

  In September 1980, Jardine exchanged its 50% interest in Causeway Bay World Trade Center and a batch of Wheelock A shares for about 64 million new shares issued by Hongkong Land.

  After the transaction is completed, Jardine’s stake in Landmark has increased to 27.8%.

   So far, it is generally believed that it is not easy for external consortiums to covet land acquisitions.

But now everything has changed. First of all, Chu Huan let Yunhai Group start a money-burning war in Xiangjiang’s retail industry, and Jardine chose to introduce 7-11 to Xiangjiang at this time, which led to, Jardine didn’t have the spare heart to deal with the matter of Wharf.

  And now Jiaku has completed the acquisition of Hehe International-Wheelock, which has led to the fact that Jardine has no shares of Wheelock in exchange for shares of Hongkong Land.

  So up to now, Jardine’s shares in Landmark are still 20%!

  Xu Yi said: “Now we hold 7.13% of Jardines and 3.22% of Landmark.”

  The reason why Jiaku holds so many Jardine shares is more because of the original transaction with HSBC, which directly obtained 5% of Jardine shares.

It is precisely because of this 5% stake that Jiaku became a director of Jardine, and the director of Jardine is Wen Mingzhang, the president of Huaren Land. However, Wen Mingzhang is basically a small transparent on the board of Jardine. Never express your opinion.

   “What is the market value of these two companies now?” Chu Huan asked.

  Xu Yi replied: “The market value of Jardine is 3.76 billion Hong Kong dollars, and the market value of Landmark is 7.95 billion Hong Kong dollars!”

Chu Huan lightly tapped on the table, and said, “Although because of the previous money-burning war and the upcoming Wharf acquisition war, they will spend a lot of energy and money, but the Keswick family must not be underestimated.” Ability, if it comes to the final critical moment, the other party will definitely buy it like crazy, that is to say, when we buy Landmark and Jardine, the current market value will definitely rise like Wharf!”

Xu Yi nodded and said: “Not only that, if the Keswick family finds that one party must be abandoned, the other party will definitely give up Wharf. At that time, they can completely sell the shares of Wharf in their hands through some kind of If the channel is sold to Bao, they will have a large amount of cash in their hands to mediate with us!”

After a pause, Xu Yi said again: “But our support for Bao Yugang is also necessary, because this will give us more advantages in the early stage. After all, how to choose will definitely consume a lot of their time. of!”

  Chu Huan said: “That is to say, in order to complete the control of these two companies to reach 50%, we need to prepare at least 26.605 billion Hong Kong dollars!”

  Chu Huan estimated this at a price five times the current market value of the two companies.

  Thinking of this, Chu Huan suddenly thought of his previous estimation of the Wharf acquisition battle.

  If Jiaku publicizes the acquisition of Jardine and Landmark, the share prices of these two companies will definitely increase wildly, just like the current market value of Wharf.

  But as long as these two acquisitions are over, the market value of these two companies will definitely decline.

   On paper, Jiaku will definitely lose money in this acquisition.

  But whether Bao Yugang acquired Wharf or Chu Huan acquired Jardine and Landmark, they all understand one thing very well, that is, the market value cannot really represent the asset value of these two companies.

  Based on Chu Huan’s estimate, five times the market value does not represent the asset value of Jardine and Landmark a few years later.

Let’s not talk about the Hong Kong properties held by Hongkong Land itself, but only the Wellcome, 7-11, Mandarin Oriental Hotel under the management of Jardine Matheson, as well as Hongkong Electric and the telephone company under the management of Hongkong Land. If so, it will exceed this price in the future.

Wellcome, 7-11 is in the hands of Chu Huan. Although Chu Huan has no thought of selling these two companies to Yunhai at this time, it is certain that as long as these two companies are in his hands, Chu Huan will be considered a real The perfect monopoly of all retail in Xiangjiang.

  Mandarin Oriental is the top luxury hotel in Hong Kong as famous as the Peninsula. With this hotel, Chu Huan has his own flagship store in the hotel industry.

   Not to mention HK Electric.

  Leaving aside, Hong Kong Electric’s monopoly in the power industry in Hong Kong and Huadian Power of the Kadoorie family monopolize the power industry in Hong Kong.

For example, the land owned by HK Electric, the former site of Electric Road Power Station in North Point, Lot No. 8200 in Jardine’s Lookout, and a large number of lots in Tsuen Wan are very valuable. Among them, the former site of Electric Road Power Station in North Point and Lot No. 8200 in Jardine’s Lookout The land was later sold for 21.1 Hong Kong dollars, which was sold to the international city of HK Electric Holdings.

  In another time and space, Jardine sold Hongkong Electric to Li Jiacheng in 1985 for its own development needs and its pessimism about the future prospects of Xiangjiang.

  Even if all these are left aside, the market value of Hong Kong Electric in Hong Kong at this time is as high as 3.91 billion Hong Kong dollars, which exceeds the market value of Hongkong Land’s parent company Jardine itself.

   Hongkong Land holds a 34.6% stake in HK Electric!

  The market value of Heung Kong Telephone Company is 1.91 billion Hong Kong dollars, and Landmark is also the major shareholder, holding 34.8% of the shares.

At that time, Chu Huan will hold China Gas, Hong Kong Electric, Xiangjiang Telephone, CMB, KMB and other livelihood companies, plus Chu Huan’s layout in the retail industry, it can be said that he will completely control the basic life of Xiangjiang. Under such circumstances, any power to take over Xiangjiang must have a good relationship with Chu Huan!

  Xu Yi knew that after acquiring Jardine, Chu Huan had no intention of delisting and privatizing it. As for Hongkong Land, he had to wait until the half-year deadline for delisting and privatization stipulated by the China Securities Regulatory Commission passed before making any plans.

  So after hearing what Chu Huan said, he replied, “That’s right. Only in this way can we guarantee our absolute control over these two companies!”

Chu Huan nodded and said: “After the two acquisitions officially start, I will fly to London personally. If there is any problem here, please notify me as soon as possible. If you can’t find me, report the company’s situation To Yunshang.”

  Although Xu Yi, as Chu Huan’s secretary, should have followed Chu Huan to London, but Xiangjiang’s coordinating work is inseparable from Xu Yi, so Chu Huan cannot take Xu Yi to London.

   As I have said many times before, the biggest problem with the acquisition of Jardine Landmark is not in the commercial field, but in political factors other than business.

  So this time Chu Huan must go to London to solve this problem in person.

  Xu Yi also understood this, but there was one thing he couldn’t understand, and that was why Chu Huan said he couldn’t be contacted.

   “Boss, you mean someone will do something about it?”

  Chu Huan nodded and said: “Everything must be prepared for the worst, Jardine, Landmark is the cornucopia of the Keswick family, and they will not give up easily, so any method they may use cannot be ruled out.”

  Xu Yi understood what Chu Huan meant, and said, “I see!”

  Chu Huan leaned on the sofa and said, “Now we just need to wait for Bao to initiate the acquisition of Wharf!”

Xu Yi nodded, and then reminded: “Boss, since you are going to London, why don’t you take a look at the acquisition of Standard Chartered Bank? Although this matter has been delayed, we have not given up. In addition, we also need a A local securities company in England is ready for emergencies!”

  Chu Huan slightly raised his forehead and said, “I know!”

  Xu Yi asked: “Boss, who are you going to take this time?”

  Xu Yi can’t follow Chu Huan to London, but Chu Huan must have some entourage by his side.

  Originally, it would be most appropriate for Xu Yi not to go to Wu Shuhan and follow Chu Huan to London. Unfortunately, Wu Shuhan is still in his hometown. Chu Huan thought for a while and said, “Let Feng Jing bring a team to follow me!”

  Feng Jing has now taken over some of Wu Shuhan’s work in Xiangjiang.

  Xu Yi nodded and said: “I will let them prepare in advance!”

  After talking about the matter, Xu Yi left Chu Huan’s office, and Chu Huan called Ma Jizu and asked him to do the preparations in London!

   Then Chu Huan returned to No. 12, Mount Kellett Road, and told Cao Yunshang that he was going to London in a while.

   “When is the most suitable time to go?” Cao Yunshang asked Chu Huan.

  Chu Huan said: “Wait until Bao Yugang and Landmark start the battle for Wharf, then just go there!”

  Cao Yunshang nodded and said: “If this is the case, I suggest establishing a transfer point in Italy. In case there is a problem with our communication with London, Italy will be the best transfer point!”

  Chu Huan said: “Not only in Italy, but also in Haojiang. Only in this way can we be sure.”

  Cao Yunshang expressed concern: “More importantly, we need to bring more people there. Although our relationship in London is sufficient, we are afraid of exceptions in everything. In case the Keswick family jumps over the wall in a hurry, we still have enough manpower.”

  Chu Huan agreed with Cao Yunshang’s reminder.

   “I know, there should be no problem in terms of safety with Xiangjiang’s side and Ma Jizu’s manpower in London!”

  Cao Yunshang nodded, and said again: “Be careful in everything!”

   Also, correct the typo first and then change it, Huangshan continues to code~

  (end of this chapter)