Rebirth: The Era of Hong Kong Tycoon

Chapter 243 [China Gas]

It never occurred to He Rui that Yinhe Securities held exactly 20% of the shares of Qingzhou Yingni. This is really a coincidence!
But soon he figured it out, these shares were probably bought by the boss during the stock market crash!
He Rui guessed right, Lin Rongheng only spent 20 million Hong Kong dollars for 800% of the shares in Qingzhou Yingni, but now he made 3200 million Hong Kong dollars after changing hands.

In mid-January, Evergrande Real Estate issued an announcement: the company holds 25% of the shares of Qingzhou Yingclay Company, and will become a director of Qingzhou Yingclay Company

For a while, the market speculated about Evergrande Real Estate's intentions, and Qingzhou Yingni's stock also began to rise.

Tracing back the history of Qingzhou Yingni, in fact, this British-funded company was established by Chinese businessmen during the Qing government.Qingzhou Cement Factory, the earliest cement factory in China, also known as Qingzhou Ying Cement Factory.Founded by Chinese businessmen in Macau.Chinese merchants rented a piece of land in Qingzhou from St. Joseph Seminary in Sanbazai for a rent of 200 taels per year as a factory building. After 1889, British merchants participated in the management.

Everything went smoothly. Evergrande Real Estate sent two high-level executives to the board of directors of Qingzhou Yingclay. The task Lin Rongheng gave them was to get familiar with Qingzhou Yingclay Company as soon as possible so that Evergrande Real Estate could take over.

Cheung Kong Industries.

Li Chaoren was in the office, and after hearing that Evergrande Real Estate had entered the board of directors of Qingzhou Yingni, his expression changed.Although Cheung Kong and Evergrande Real Estate have no direct competition, and even have cooperation projects, Li Chaoren always feels that he is overwhelmed by Lin Rongheng.

Cheung Kong has won the second and third listings in London and Toronto, and its fund-raising ability is very strong; in addition, it has a close relationship with the Canadian Imperial Bank of Commerce, and also has business contacts with Chase Bank, and its loan capacity is also good.

Li Chaoren feels that Cheung Kong is 'not short of money', but it is difficult to find a high-quality large project in order to increase the company's reputation; and Evergrande Real Estate has basically grasped high-quality large projects in Hong Kong in the past few years. Cheung Kong can only do some small and medium projects.

For example, Li Chaoren is very envious of Evergrande Real Estate's Saixi Lake and Taikoo Valley projects, and also very envious of Lin Rongheng's personal company - Evergrande Real Estate Holdings Hilton Hotel, Chinatown and other properties.

And Cheung Kong is only developing some small-scale real estate with no more than 500 residential units, which is really similar to a rural company.

"I have such a huge amount of cash in my hand. I can't just wait for the subway company to open the bid. If Evergrande Real Estate wins the bid, wouldn't I be wasting my time! I have to take the initiative to buy some high-quality buildings and land projects. If I really win the bid, I don't need to worry about funds , it is easy to solve with a loan!"

At this time, Li Chaoren was already 'scared'. He was afraid that the bid of the subway company would be won by Evergrande Real Estate. The 1.1 million Hong Kong dollars raised by Cheung Kong, plus the net profit reserve of 0.9 million Hong Kong dollars, and Chase Bank's promise to withdraw at any time 2 million Hong Kong dollars, a total of 4 million Hong Kong dollars will be wasted for three months.

If you invest in a high-quality project of about [-] million yuan at this time, it is better than waiting!

After Evergrande Real Estate entered the board of directors of Qingzhou Yingni, it once again took over 20% of China Gas shares held by Lin Rongheng.

This time, Evergrande Real Estate did not continue to acquire shares, but only asked to join the board of directors of China Gas, because Li Zhaoji had already entered the board of directors of China Gas in advance, and because the board of directors of China Gas was Chinese, it was inconvenient for conflicts to break out.

In the conference room of China Gas.

Lin Rongheng smiled and faced a group of directors, including the chairman of the board of directors Li Mingze, directors Li Fushu and his son, Li Zhaoji and others.

Li Mingze never expected that one day he would be stumped by such a young person!
Not only that, but his younger brother Li Xiaohe (Wireless) was also stumped by this young man!

Li Mingze asked cautiously: "Is Lin Sheng planning to buy China Gas Company?"

Lin Rongheng looked at Li Zhaoji and said, "I think the same as Li Sheng!"

Lee Shau Kee was taken aback, and quickly said: "My idea is very simple, gas will enter every household sooner or later, Towngas has great potential in the future; plus Towngas owns a lot of property, no matter how you calculate this investment, it is more cost-effective! "The implication is that I don't intend to have a chairman of the board of directors, and I'm talking about it not only for Li Mingze, but also for Lin Rongheng.

Lin Rongheng said: "It seems that my guess is right, we both have the same idea!"

The 'young and energetic' Li Guobao said: "Since Lin Sheng has no intention of becoming the owner of China Gas, does he hold too many shares? It is already more than the board of directors' shares! And with such a large shareholding, it seems that Lin Sheng Sheng has been buying shares of China Gas for a long time!"

The implication is that I don't believe that Lin Rongheng is just an investment, after all, Lee Shau Kee's shareholding does not exceed the board of directors!

Everyone looked at Lin Rongheng together, and Lin Rongheng said generously: "I said something that shouldn't be said. Li Sheng is 45 years older than me, so why don't I wait for you to retire? Besides, I really don't want to be the chairman of the board of directors. Care about the position of major shareholder!"

Li Mingze knew that the deal was done. Others were making arrangements earlier than Jardine. If there was a hostile takeover, even if Li Zhaoji was added, it might not be as powerful as Evergrande.

"Okay, welcome Mr. Lin to join the board of directors. We are all elites in shopping malls. Why don't we discuss the company's development!"

At the board meeting, Lin Rongheng still expressed some very constructive opinions.

For example: China Gas should set up a subsidiary company to display and sell gas stoves and other kitchen utensils to provide customers with kitchen solutions, especially Japanese products are very suitable for Xiangjiang's home kitchen.
Everyone quickly agreed to this plan, and their favor towards Lin Rongheng increased a lot.

After the meeting, Lin Rongheng and Lee Shau Kee found a place to get together.

Lin Rongheng smiled and said, "Brother Zhaoji, I didn't expect us to crash this time! What do you think?"

Li Zhaoji knew that if he wanted to say that he had no idea about China Gas at this time, Lin Rongheng might not believe it.

"Since you have already made plans, naturally you will be the owner of China Gas in the future, and I will be the shareholder!"

Lin Rongheng knew that Li Shau Kee was not the kind of person who liked to buy other companies. Although Li Shau Kee owned China Gas, Hong Kong Ferry, and Miramar Hotel in his previous life, none of them were bought by malicious means.

That being the case, Lin Rongheng also said: "Then let's make a gentleman's agreement. I will not hold more than 35% of the shares, and you will not hold more than 25%. From now on, you will be the chairman of the board of directors, and we will be the major shareholders!"

The two sides quickly passed a verbal gentleman's agreement!

Companies such as Hongkong Electric and China Gas, because they are public monopoly listed companies, must first ensure their listing status, otherwise the Hong Kong government will not give you the franchise; secondly, the shareholding should not exceed 35%, so as not to be troubled by the securities regulator .

In the end, Lin Rongheng suggested: "Brother Zhaoji, in fact, the Hong Kong Ferry is also good. If your funds allow, you can buy it!"

Li Zhaoji was moved immediately, and said, "Well, I'll go back and think about it!"

Evergrande real estate successively took control of Qingzhou Yingni and the board of directors of China Gas.

Evergrande Real Estate continued to slowly start to accumulate funds, and everything seemed to be going very smoothly.

(End of this chapter)