The Wealth Empire Crossing the Hong Kong

Chapter 80 The Head of Wheelock
Just after the New Year, Li Jianhui deliberately contacted John Madden, Chairman of the Board of Directors of Wheelock.

As one of the four major foreign firms, Wheelock and Hutchison Whampoa are brothers and sisters, far from being able to compare with Jardine and Swire.

The reason why Li Jianhui is eyeing Wheelock instead of Hutchison Whampoa is mainly because Hutchison Whampoa has more than [-]% of the shares in HSBC. His relationship with HSBC is not friendly. He wants to win Hutchison Whampoa and not easy.

As for Wheelock, the Zhang Yuliang family, the current personal major shareholder, does not manage Wheelock, and John Madden, who is in charge of Wheelock, is pessimistic about the future.

I had approached Jardine before, hoping that Jardine could acquire Wheelock, but HSBC was in the way and supported Hutchison Whampoa to intervene, so that Jardine's acquisition failed.

You must know that Jardine was originally the top of the four foreign firms in Xiangjiang, and its strength is so strong that HSBC can suppress one of them.

Once Jardines acquires Wheelock, HSBC will lose its position as the largest company in Hong Kong.

There are some reasons why HSBC supported the charter king and Jardine Matheson to compete for Wharf before.

In private room 306 of Xinhui Tea House, Li Jianhui personally poured tea for John Madden and said, "Mr. Madden, this tea is called Wuyishan Dahongpao. You can taste it to see if it is real or not."

John Madden was not in a hurry, he tasted a cup of Median Value tea with a decent appearance, and commented on the tea from the color and aroma.

He didn't care what Li Jianhui meant today, anyway, he wouldn't speak first, so that he could firmly grasp the initiative in his hands.

"Mr. Marden is really a master of the tea ceremony. I specially invited you today because I want to know if you still intend to sell the shares you hold."

John Madden did not expect that Li Jianhui Jiayi Group had not yet developed well, and he was going to eat Wheelock again.

If Li Jianhui came to inquire a year or two ago, he would have sold his shares without hesitation.

But at present, the Heung Kong Real Estate industry has resumed development. Wheelock's business in this area has developed quite well, and its profits have also increased significantly. He has no plan to sell his shares for the time being.

After all, as the chairman of the board of directors of Wheelock Group, he is very clear that the current market value of Wheelock is seriously underestimated on the stock market, and he will not sell his shares at a low price.

"Li Sheng, if you are here for the shares in my hand, then today's topic can stop here, you should know the current market of Xiangjiang Real Estate.

Although I am pessimistic about the future, it is not too difficult for money. After all, even if there is a problem, it will be many years later. "

Li Jianhui was afraid that John Madden would be optimistic about the future, so he would not have any chance to get Wheelock.

Since this person wanted to leave, everything was easy to say. John Madden didn't make a move because he felt that there was no good return.

He smiled and said: "Mr. Marden, no one knows how the future will develop, but I am different from you. I grew up here and my roots are here. Only by accelerating my own development can I have a future here." a seat.

Wheelock is a very good company. I am very interested in it. I know that Mr. Madden owns 21.5% of the shares. I am willing to buy your shares at a market premium of two levels. I don’t know what you want ? "

Listening to Li Jianhui's quotation, John Madden fell into deep thought. The current market value of Wheelock is 23.4 billion Hong Kong dollars. Li Jianhui gave him a two-tier premium, which is equivalent to valuing Wheelock at 28.08 billion Hong Kong dollars.

This is not far from the valuation of Wheelock in his heart. In his opinion, the current real market value of Wheelock is only about three billion Hong Kong dollars.

As a pessimist, John Madden naturally hopes to cash out of Wheelock early and use the funds for his ideal Canadian and Australian investments.

"Li Sheng, everyone in Xiangjiang knows that I want to leave here, and I won't tell you those useless things. If you really want Wheelock shares, I can sell them to you at a [-]% premium to the market price. "

It's also because Li Jianhui really wanted to take down Wheelock, otherwise he would have driven him away directly. John Madden was taking him for a ride and paying a five-tier premium. This is crazy about money.

I am not a charter king, and I have no intention of winning for Wheelock, and I will not pay much more than the market value of funds for Wheelock.

"Mr. Madden, you're asking a lot, I'm young, and I don't have so many twists and turns in my work.

On the third floor, I will buy the shares in your hand at a premium of the market price on the third floor. If you are willing, we will conduct a transaction. In terms of funds, I will have all cash.

If you still feel that the price is inappropriate, then our negotiation may come to an end here. I would rather start a new company by myself than become a winner. "

John Madden doesn't believe that Li Jianhui can't bend the corners at all. This young man has been a man of the year in Xiangjiang last year.

However, he knows that the three-tier premium is probably almost the bottom line of Li Jianhui. If he still does not accept it, he may really give up the acquisition of Wheelock.

The three-tier premium has exceeded his inner expectations. The shares in his hand will be sold to Li Jianhui, and he will receive 6.665 million Hong Kong dollars in cash. The Madden family has enough capital to go to Canada and Australia for development.

And with this cooperation, the two sides have established a relatively friendly relationship, and maybe the two sides can have more cooperation in the future.

"Sheng Li, I believe that Wheelock is definitely worth the money, if I didn't have concerns about this place in my heart, I would never sell the shares in my hand.

Just as you said, the premium is three tiers. Tomorrow morning, you will come to Wheelock with your staff. We will sign a contract and report to the Xiangjiang Exchange. Starting tomorrow, you will become the new head of Wheelock. "

One party wants to buy and the other party is willing to sell. When both parties agree on the price, the transaction is quite easy.

At least John Madden didn't embarrass Li Jianhui too much, nor did he think about delaying time, nor did he think about using Li Jianhui to attract more buyers into the market.

This is completely different from Chartered King's acquisition of Wharf. Both Chartered King and Jardine are determined to win Wharf, which is why Wharf's shares have skyrocketed in the market.

On the contrary, people like Li Chaoren and Uncle Li, who acquire companies are often very low-key, and will not cause shocks in the stock market at all, and they will not spend several times more than the market value for acquisitions.

Li Jianhui's offer of a three-tier premium price this time is also in consideration of the rising real estate business in Wheelock's hands, and the stock market value is a bit underestimated for Wheelock, otherwise he would not have paid such a high price.

The three-tier premium is okay, but for the fifth-floor, he will never buy this company, even if the company owns Wheelock Properties, Wheelock Shipping, and Lane Crawford Retail.

It's also because he doesn't have too many talents in his hands now.Or he built these companies directly, rather than choose to buy.

(End of this chapter)