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? Mid-Levels Villa
Early the next morning
All senior executives of the Pacific Holdings Company came together, and the study room of more than 30 square meters was full. Wang Yaocheng walked in from the outside, looked at everyone with a cold face, and said;
"three things;
First, Yu Chengde, vice president, is speeding up the integration of Cathay Pacific, HAECO and Swire. The business elites transferred from the mainland are already in place. In addition, the Hong Kong executives who have been prepared in advance must be properly arranged to serve in various positions. As a deputy, the main task is to learn, try to achieve a smooth transition, and take full control. The quality of Guan Peisheng trained by Swire Group is still good, so try to retain it.
Second, President Mo Yuxuan is in charge of negotiating with the British Swire Group. If necessary, he will drop the price of Swire shares. It will take three days to negotiate a result. All industries in Hong Kong have been taken over. Let them take some Pension money go away.
Three, President Du Bo, prepare the Kadoorie family information for me now, and order your subordinates to start collecting chips from the Shanghai Hotel and China Power Corporation now, and it is still the set of latent acquisitions.
Do you understand everything? "
Everyone responded in unison; "Understood, boss."
"Go to work!"
Everyone quietly and quickly exited the study room and came downstairs. President Mo Yuxuan looked at President Du Bo, and there was no need to say anything. The two looked at each other
wry smile.
The boss didn't know what kind of cold reception he received at yesterday's party. He had a cold face all the way back, and now he is sharpening his knife and going to kill.
The answer was revealed, and the target was the hapless Kadoorie family.
Well, let's do something!
The action of collecting information was very fast. In the afternoon, a detailed and comprehensive information about the Kadoorie family was placed on Wang Yaocheng's desk.
Wang Yaocheng was not in a hurry to read this document, but skillfully took out a Cuban cigar, cut off the cap, lit it up and took a deep breath.
Immediately, a strong and mellow smell of cigar smoke filled the study, making his figure seem a little blurry.
The strong smell of tobacco made Wang Yaocheng's mind more active and helpful for thinking. Whether to attack the Kadoorie family, he has not yet made a final decision,
It needs to be carefully weighed and considered comprehensively.
Wang Yaocheng doesn't care about getting angry or playing tricks. He doesn't care about mergers and acquisitions. What he cares about is whether the target is attractive enough?
Today is January 24th. I have just experienced the "Battle of Sniping Taikoo". The capital used by my subordinates has not been fully returned to the Royal Family Fund, and I still hold a large number of shares in the three listed companies.
After a rough calculation, a total of US$3.6 billion in assets was used in this battle, and the Royal Family Fund still has US$970 million in cash reserves on its books, as well as a large number of Nokia stocks.
Among them, the large share exchange agreement reached with HSBC totaled 1.92 billion US dollars, and the funds of 100 million and 150 million US dollars were allocated from Red Hat twice for potential acquisitions, which almost emptied the available funds of Red Hat, and the rest Only enough to last until the end of June 1994.
After landing on Hong Kong Island,
?From January 2 to the present, a total of 1.43 billion US dollars, or approximately 11.1 billion Hong Kong dollars, was used again for capital market sniping, and successfully won the three companies of the Swire Group.
? Among them, after a fierce battle, the book profit was more than 5 billion Hong Kong dollars, most of which came from the wild profits in the battle of Swire Pacific, and 80% of them came from the big defeat of the British-owned Swire Group, and the other party almost lost their trousers.
If all the dust settles and all the profits are liquidated and unnecessary chips are cashed out, the floating book profit can reach 5.5 billion Hong Kong dollars, which is about 700 million U.S. dollars.
As for the market value loss of listed companies, it can be ignored for the time being.
The battle of "13 life-seeking gold medals" came to an end, and the Pacific Company made a new debut with a complete victory. It will surely become a pivotal overlord of Hong Kong Island enterprises and complete the three-legged layout of Wangyaocheng's business empire.
final calculation;
So the funds that can be used are 970 million U.S. dollars retained on the books of the royal family fund and 6 billion Hong Kong dollars in floating profits, which is about 13.566 billion Hong Kong dollars. It is really a huge sum of money. No wonder these rich families on Hong Kong Island are uneasy.
In Wang Yaocheng's plan, at least half of the money should be used to buy Nokia shares, and half should be used to repurchase the remaining shares of Swire Group. Now it can only stop temporarily.
Looking back at the information on the table, it shows that the assets of the Kadoorie family are clear;
?As of December 31, 1993, the three large-scale companies controlled by the Kadoorie family, including CLP Power, Hong Kong Shanghai Hotel and Hong Kong Carpet Co., Ltd.The stupid move of a gnat to shake a tree.
What's more, the Kadoorie family is also a senior stock broker and owns a licensed stock brokerage company. They started their business in this line of business and are familiar with all acquisition methods.
In 1987, Liu Luanxiong, who was bold and cautious, set his sights on the prey of the Grand Hotel, and decided that he must pounce on this huge monster, even if he couldn't swallow it, he would have to pull his teeth out.
Liu's sniping routine is similar to that of the Pacific Company. First, he steals shares secretly, and then snipe suddenly when he waits.
At the beginning of 1987, Da Liu bought 20 million shares held by major shareholder Liang Zhonghao at a price of 53 Hong Kong dollars per share, costing 1.06 billion Hong Kong dollars.
In the previous few months, Liu Luanxiong quietly took chips from small investors in the stock market. This kind of thing is his strong point, and he spent a total of 290 million Hong Kong dollars.
? After the transaction with Liang Zhonghao was exposed, Liu¡¯s shareholding has reached 24.5%, surpassing the Kadoorie family.
Later, Liang Zhonghao's remaining more than 10 million shares were finally sold to Lin Jianyue of Hong Kong Lai Sun Group, and he withdrew from the board of directors of the hotel.
?Da Liu and Lin Jianyue together accounted for more than 35% of the total equity, so there was a formal showdown, demanding that representatives be sent to the board of directors.
Facing the danger of the business that has been in operation for more than half a century, the Kadoorie family took swift action to defend the family's traditional territory to the death.
On May 4, 1987, the annual meeting of shareholders of the Grand Hotel Group.
Liu Luanxiong swaggered for the election of the chairman of the board of directors, and wanted to drive Mi Gao out of the board of directors. Although Da Liu and Lin Jianyue jointly owned 36% of the shares, Mi Gao only had 13% of their shares, and it seemed that he would lose.
However, ants kill elephants more often. Inspired by the century-old reputation of the Kadoorie family, the minority shareholders acted righteously. The voting results are as follows:
?The Kadoorie family, supported by minority shareholders, narrowly won by a narrow margin.
After the first battle was defeated by a slight disadvantage, the unwilling Liu made a lot of "little tricks" in private, bluffing externally and threatening to make a comeback.
The shrewd Lawrence saw through the reality of the other party at a glance, and Da Liu did not have the strength to initiate a full-scale acquisition.
Therefore, regardless of his old age and frailty, he personally lobbied other shareholders everywhere, persuading everyone not to walk with Liu, and to leave the fate of the family in the hands of others. This is an unavoidable risk.
Not to mention, the century-old reputation of the Kadoorie family is really not built, and most of the shareholders have really been stabilized by the old Kadoorie.
Another move of Lawrence was to appeal to the Hong Kong Securities Regulatory Commission, saying that Liu and Lin had engaged in "concerted action" in private.
Many of the funds used by Da Liu are "leveraged financing" borrowed at high interest rates. The interest payment alone amounts to more than tens of millions of Hong Kong dollars per month. How can it be delayed for a long time?
Liu Luanxiong did not dare to spend too much time, and both sides died down. The Kadoorie family bought shares from small shareholders at a high price of 80 Hong Kong dollars. The total cost was nearly 1 billion Hong Kong dollars.
In this battle of the Grand Hotel, although Liu Luanxiong did not realize the "little snake swallowing an elephant", he still gained 136 million Hong Kong dollars after deducting expenses.
Later, after Liu Luanxiong, in 1989, the Kadoorie family also successfully prevented the "second hostile takeover war" of the hotel launched by Luo Xurui, the son of Hong Kong rich businessman Luo Yingshi.
Although they were sniped twice, although they both won disastrously, the vitality of the Kadoorie family was severely damaged, and they could not recover for a long time.
However, the fatal shortcoming still exists, that is, the shareholding of its subsidiaries is scattered. The Hong Kong Hotel, a listed company under the Kadoorie family, holds 23.2% of the shares, China Power Corporation holds 8.3% of the shares, and Hong Kong Real Estate Company holds 14.1% of the shares.
It is not without reason that they were attacked twice. Such a fragmented shareholding structure made the Kadoorie family a coveted target.
? Relying on the trust of minority shareholders and relying on the excellent reputation of the Kadoorie family to overcome difficulties every time, how long can this strategy last?
Today, the delicious property has been placed on the table, and it depends on whether Wang Yaocheng will make a move.
He walked to the window, lost in thought.
From here, you can see the twisting and upward winding road, extending all the way to the top of the lush green hills. There are many villas and mansions scattered here and there. This is a gathering place for small and medium-sized rich people on Hong Kong Island.
? At the foot of the mountain on the other side, the high-rise residential area faces the sea with its back to the mountain. It extends far along the coastline, and you can see the sails on the blue sea of ??the bay.
This is a corner of Hong Kong Island and a microcosm of the whole Hong Kong Island. It is a representative of the vitality of this world-renowned metropolis.
A gathering of elites and a gathering of wealth.
There must be a map of its own business empire here. Thinking of this, Wang Yaocheng glanced at the direction of Repulse Bay. The water mist was confused and there was no outline at all.
He smiled silently (Remember the website URL: www.hlnovel.com)In the middle of the day, Wang Yaocheng glanced at the direction of Repulse Bay, the water mist was confused and there was no outline at all.
He smiled silently (remember this website URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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