Rebirth: The Era of Hong Kong Tycoon

Chapter 253 [Wharf Acquisition Battle 1]

Lin Rongheng came to Galaxy Securities to meet Ye Tianhe. Recently, Wharf's share price began to rise, which made Lin Rongheng vigilant.

At present, the total share capital issued by Wharf is less than 1 million shares, and the stock price is between 14 Hong Kong dollars and 15 Hong Kong dollars. However, it has suddenly risen to more than 20 Hong Kong dollars recently, and it is still rising. It must be that Li Chaoren has also entered the market.

Lin Rongheng asked calmly: "Have you found out who is secretly buying?"

Ye Tianhe said: "A financial commentator named Qin Jin published an article "Wharf's business has begun to change" in the newspaper. There can be a good momentum of 10% annual growth. The commentary also predicts that Wharf, whose current price is 20 Hong Kong dollars, will be a hot stock in 15. It may be for this reason that many investors have bought shares of Wharf.”

If Lin Rongheng wasn't a time traveler, he would have thought it was, but there was actually a big fish mixed in.

I just don't know how long Li Chaoren has been in the market, and has the shares in his hands exceeded 10%?

But in any case, Lin Rongheng really needs the stocks in Li Chaoren's hands, but he will never trade Hutchison Whampoa.

That being the case, it can only be a blatant and large-scale acquisition.

After all, once Bao Yugang is introduced, things will become more complicated.

Lin Rongheng said: "Don't worry about the stock price and exposure now, buy up the scattered stocks in the market! As soon as possible, increase the shares we hold in Wharf to 25% (excluding the 5% held by Kai Tak Properties)!"

Ye Tianhe nodded and said, "We already hold 19.5% of Wharf's shares, which is 5.5% less. But now the market is alert, and it is expected that the price will soon be raised to more than 30 Hong Kong dollars."

Lin Rongheng said firmly: "Even at 200 Hong Kong dollars per share, I have to win the Wharf Group!"

As Galaxy Securities stepped up its acquisitions, the shares of Wharf Group were quickly fired up. By March 1978, the share price of Wharf Group had risen to 3 Hong Kong dollars per share.

And Galaxy Securities finally increased its shareholding to 25%, but it was also exposed to the public.

In fact, in January, Jardine Matheson had already discovered that someone was buying Wharf, but they found out Li Chaoren at the first time, and then persuaded HSBC to dissuade Li Chaoren.

However, Li Chaoren wanted to establish a good relationship with HSBC and win the Hutchison Whampoa in their hands, so he sold HSBC for a favor.

In February, Jardine discovered that the stock price of Wharf was still skyrocketing, and finally found out that the real opponent was Lin Rongheng, and immediately joined in the secret buying and increasing holdings in the market.

由于恒大地产的大部分九龙仓股票都是在1973年至1975年收购的，所以外界对恒大地产的持股量猜测只有15%左右，根本联想不到有25%+5%。

1978 3 Month 20 Day.

Lin Rongheng officially announced in the media: The Lin family has purchased about 20% of the shares of Wharf Group.

For a time, Hong Kong and Kowloon were shocked!
According to the "Company Law", shareholders who hold 16% of the shares can become directors of the company.

Therefore, Jardine Matheson and Niu Bijian, the head of the Wharf Group, had to absorb Lin Rongheng and He Rui to officially join the Wharf board of directors.

In the conference room of the Wharf Group, a group of British people could not understand Lin Rongheng and He Rui anyway, but Lin Rongheng always showed people with a smile.

In the meeting room, Lin Rongheng, as a director, issued his own suggestion: "The stock of Wharf Group has been undervalued for a long time. The reason is that the development is too conservative. It always uses its own funds, issues bonds, and bank loans to develop the Harbor City plan. ;As a result, the company's debts have increased, and interest has swallowed up a large part of its profits, so I suggest: Taking advantage of the current situation, Jiulong Group should issue new shares to the public to raise funds to ease the company's financial pressure!"

Issuing new shares to the public will increase the number of scattered shares in the market, which is the most favorable situation for Lin Rongheng; and the Jardine Group's strategy for these years has been overseas development, and they will certainly not be able to spare funds to compete with Lin Rongheng.

Lin Rongheng's suggestion was rejected by Niu Bijian without hesitation: "The Wharf Group is not suitable for issuing new shares now. How did the stock price rise? Mr. Lin should be aware that shareholders may not be willing to pay for the issuance of new shares. Great damage to Wharf's reputation!"

The reason is untenable, but Niu Bijian is determined to issue a suggestion to Lin Rongheng.

He Rui, as his subordinate, naturally wants to come out to be a "black face" and protector at this time, so he said: "Since New York Taipan is worried that shareholders will not pay the bill, it is better to issue new shares to us. We are willing to undertake the 45 yuan at 1000 Hong Kong dollars per share. Ten thousand shares!"

4.5 million Hong Kong dollars is just a drizzle to Lin Rongheng. After all, he still has nearly 20 billion Hong Kong dollars in cash.

Niu Bijian's face darkened, and he said: "Mr. Lin, this is a hostile takeover, and the shareholders of Wharf Group will not agree to it!"

Lin Rongheng continued to greet him with a smile, and said: "I am only optimistic about the development of Wharf Group for a long time, and I am willing to provide financial support for the development of Wharf!" The acquisition of Wharf was announced, so this reason is completely tenable.

Niu Bijian didn't believe it, and continued: "The Wharf Group does not need funds for the time being, and the construction is done step by step, and it can bring huge profits to shareholders in the early 80s."

At this time, Jardine Matheson holds 20% of Wharf shares, but the market value of Wharf has climbed to 45 billion Hong Kong dollars. Jardine Matheson simply cannot spend much cash for anti-acquisition. It will double soon.

Therefore, Niu Bijian's strategy is to continue to secretly buy some stocks, and let Hongkong Land join in after the actual maturity, and adopt the method of stock exchange to carry out anti-acquisition.

Naturally, the meeting broke up unhappy, and neither of the two companies has issued a formal acquisition certificate yet!

Cheung Kong Industries.

Li Chaoren fell into deep thought in the office, what should he do with the shares in his hands!

Cheung Kong and Li Chaoren hold a total of 6% of the shares, and the average cost price is about 30 Hong Kong dollars. It is precisely because of Li Chaoren's joining that Wharf's stock was quickly discovered by veteran stock speculators, and they joined in the speculation.

"Both Jardine Matheson and Lam Wing Hang hold 20% of Wharf's shares. My own 6% is very important. I can sell at least 50 Hong Kong dollars per share, so I can earn 1.2 million Hong Kong dollars!"

"Sell to Jardines? No, Jardines is a British company. Selling to them will affect my reputation in the future, and Jardines doesn't have enough cash!"

"Sell it to Lin Rongheng? This person has great ambitions, and he doesn't consume a lot of cash, so he will definitely have the strength to compete for Hutchison Whampoa in the hands of HSBC."

"So, my 6% shares must be sold to Lin Rongheng in cash when they launch a formal acquisition! In this way, I will make more profits!"

"No way, it's too dangerous to keep all of them in your hands, first sell 300 million shares to Lin Rongheng (holding 3%)!"

Li Chaoren did not consider Bao Yugang from the beginning to the end, because his shares were too small to allow Bao Yugang to join in as a third-party acquirer.

As for Lin Rongheng, Li Chaoren actually doesn't want to be beautiful as an adult, because he feels that Lin Rongheng will affect his growth, especially his plot and record Whampoa.

(End of this chapter)