The Wealth Empire Crossing the Hong Kong

Chapter 102
Li Jianhui, who holds a huge amount of cash in hand, is not at ease after the London gold market broke away from the cordon. Wheelock Land announced that it will invest 15 billion Hong Kong dollars in the construction of Wheelock Plaza in Haojiang New City.

Within a few days, Xinjian Investment Company announced to the public and reported to the Hong Kong Stock Exchange that it would become a major shareholder of the company with an 8.6% stake in Xiangjiang Electric.

As soon as the news came out, Xiangjiang stockholders seemed to smell a bloody shark, and began to frantically buy shares in Xiangjiang Electric.

They are waiting for the storm to come. They believe that Li Jianhui will never be willing to be a director without rights if he takes the shares of Xiangjiang Electric Company.

After Wharf and Wheelock, this is another war launched by Chinese investors against Heung Kong's British-funded enterprises. This competition for Heung Kong Electric Company may not end in a short time.

At this time, in the office of the chairman of the board of directors of Heung Kong Electric Company, Kelun Standard Chartered was anxious when he received the news. The power company is no different than other companies, and the initial investment is very large. Although the company's market value is as high as 53 billion Hong Kong dollars, the shares held by the Standard Chartered family It's not just 34.09%.

This was definitely a safe number in the past, but the battle between Wharf and Wheelock made them, the Hongkong British capital, understand that this data is not safe at all. As long as these Chinese capitals do not touch the red line of compulsory acquisition, they will Dare to spend huge sums of money to snatch their company.

Some British-funded consortium leaders are already looking for the Xiangjiang government, hoping to adjust the compulsory acquisition of touch from 50% to 35%, and form legal provisions to maintain their capital’s control over their own group, and at the same time prevent Chinese-funded groups from controlling them. hostile takeover.

The current takeover rules have not formed a law, but the stock exchange and the listed company have jointly agreed that once someone breaches the contract, the company will be delisted at most and will not face government penalties.

However, due to the huge influence, since the establishment of the agreement in 1975, no one has violated this agreement, such as the charter king, or even Li Jianhui. Their shareholding will not break through this agreement, but only take 49.9% of the shares.

How much money Li Jianhui has in his hands has always been a mystery in Xiangjiang. Originally, in the battle for the Wheelock Group, everyone thought that he would lose control due to funding problems, and then quietly took out one billion Hong Kong dollars.

And this time, without any rumors, he became the second largest shareholder of Xiangjiang Electric, second only to the Standard Chartered family.

8.6% of the shares, based on the current stock market price of Heung Kong Electric, is more than 4.6 million Hong Kong dollars.

In addition, Wheelock Group has announced that it will issue additional one billion Hong Kong dollars in financing, and Xinjian Investment Company, which is wholly owned by Li Jianhui, has announced that it will increase its holdings in proportion, which is another nearly [-] million Hong Kong dollars.

The citizens of Xiangjiang are wondering whether the richest Chinese man in Xiangjiang should be replaced. The assets of the charter king may not be comparable to that of Li Jianhui.

Due to the relatively high market value of Heung Kong Electric and the large investment, it is difficult for shareholders to pay dividends in the short term. Therefore, except for the large number of shares in the Standard Chartered family, other shares are very scattered. Apart from Li Jianhui, the second largest shareholder, the third largest shareholder is Standard Chartered Bank owns 5.4% of the shares.

Standard Chartered Bank was formed by the merger of two banks from the two former British colonies. The full name is Standard Chartered Bank. It was named by the British royal family. It was not founded by the Standard Chartered family, nor is it a Standard Chartered family business.

Except for these three major shareholders, the other shares of Xiangjiang Electric are scattered in the hands of securities investment institutions and retail investors, none of which have reached 5%, so there is no need to report to the Xiangjiang Exchange, and no one knows who owns the shares.

If Kelun Standard Chartered wants to keep his family's century-old business, he can only buy a part of the shares in the stock market, and this requires a huge sum of money.

With his own funds insufficient, he could only contact the two rich men of Xiangjiang, Shen Bi of HSBC and Pix Wilt of Xiangjiang Standard Chartered.

Shen Bi, who has long regarded Li Jianhui as the enemy of HSBC, directly stated that as long as Kelun Standard Chartered has collateral, HSBC will fully provide financial support.

Standard Chartered is also willing to borrow money for it, and promises that the shares in its hands will be held for a long time.

With confidence, Kelun Standard Chartered held a press conference, stating that Heung Kong Electric is the ancestral business of the Standard Chartered family, and he is confident and determined to keep his own business.

At the same time, he said that he is not John Madden, nor Sin Chew Yau Tak Puat. Li Jianhui can win Wheelock, but he has no possibility of winning Heung Kong Electric.

At the press conference, Kelun Standard Chartered advised Li Jianhui not to hold unrealistic ideas, and the right way is to give up early.

This press conference spread across Xiangjiang at a very fast speed, and countless people were waiting for the good show to be staged. They believed that Li Jianhui, the man of heaven, would never back down.

In their view, Kelun Standard Chartered's press conference was more like a radical method, in order to let Li Jianhui plunge into it. Not only would he not be able to get the control of Xiangjiang Electric, but the funds would be firmly locked in it.

In the Wheelock Building, Chen Yulian said angrily: "Jianhui, this guy is too disgusting, you must not be fooled, it's not worthwhile to grab the control of Xiangjiang Electric Company from him at this time."

Li Jianhui never thought about taking over the company at this time, otherwise he wouldn't have been exposed with only this small amount of shares.

However, what Kelun Standard Chartered said at the press conference really made him quite upset. In order to let this guy pay more money, Li Jianhui was going to make the stock market lively.

He directly called Shi Shaoming and asked him to release the news through Jiashi that Xinjian Investment Company was contacting Standard Chartered Bank to purchase its shares.

At the same time, it was announced that Xinjian Investment Company had raised [-] billion Hong Kong dollars, vowing to help the citizens of Hong Kong get rid of the situation that there is no Chinese investment in electricity.

Xinjian Investment Company also made a high-profile sweep of the stock market, as if it really wanted to compete with Kelun Standard Chartered.

At this time, Hong Kong's securities investment institutions and shareholders not only did not sell their shares, but also continued to buy in, which caused the stock price of Hong Kong Electric to soar rapidly, from 4.62 Hong Kong dollars per share to 5.47 in a short period of time.

If it weren't for the closing time, I'm afraid this wave of gains would never stop.

One side is exasperated, and the other side is celebrating.

Because of the soaring stock price, Kelun Standard Chartered needs to spend hundreds of millions more to acquire 49.9% of the shares.

As for Xinjian Investment Company, regardless of the initial stock-sweeping, when the stock price soared, the company slowly shipped, so that the shares in hand not only did not rise, but also fell by 0.3%.

Since the current stock market rules are not yet perfect, as long as the shares of Xiangjiang Electric held by Xinjian Investment Company do not fall below 5%, there is no need to disclose it.

As a result, the outside world does not know exactly how many shares he holds. Many institutions and shareholders, even Kelun Standard Chartered, think that Xinjian Investment Company is trying its best to acquire the shares of Heung Kong Electric.

Li Jianhui will not let his shares be lower than 5%. Although he can make a lot of money in that way, it is too bad for his character. For him, the gain is not worth the loss, and it may also affect his other industries.

(End of this chapter)