Start from 1980

Chapter 891

During the period when Mr. Su left Hong Kong, many things happened.

In the past October, following Liu Luanxiong, Luo Xurui of Cathay City launched a "snake swallow" type acquisition of a large hotel group controlled by the Kadoorie family through Cathay City, causing a sensation in Hong Kong.

Although the acquisition failed, it has made a profit of about 1200 million Hong Kong dollars in just one month.

In the same month, Cathay City made another attack, buying 4% of shares from Futura International, a listed company engaged in overseas real estate and American hotel business, at a price of HK$3 per share, and expanded the business of Century City from Hong Kong to overseas.

Luo Xurui started with about 5000 million Hong Kong dollars. Through controlling Century City, he controls five listed companies including Paliburg, Regal Hotel, Cathay City and Futura International, forming a class of his own in the Hong Kong stock market.

And who is this person?
The son of Luo Yingshi from the Great Eagle Group.

For the Kadoorie family, the Grand Hotel can be said to be the foundation of the family based in Hong Kong, and it took a lot of effort to repel Liu's invasion. How can Luo get involved, let alone allow him to "split"?
Anyway, the Kadoorie family in Hong Kong is just like that, every day someone comes to send warmth.

The most important lesson of the hotel being attacked twice is not the issue of control.

For a long-term conservative listed company, its stock price will inevitably lag far behind its net asset value. This kind of "high assets, low market value" listed company is just the target of corporate financial experts who "eat it and eat it", especially in the When the controlling power of major shareholders is not stable.

Luo Xurui and Eagle Group, when Su Chen started his business in the early years, were still obstacles in the real estate of Shengshi.

Great Eagle, Cheung Kong, New World, Landmark, Swire, Sino Group, Sun Hung Kai, etc., all those who have a reputation are basically people who have been working in the real estate industry for many years.

The decline in housing prices in Hong Kong in the early years did not affect the bottom-hunting actions of these bigwigs.

Shengshi just picked up some corners that people didn't want or didn't notice, real profitable sites, and they were tightly held in the hands of real estate giants.

There are many people who leave Hong Kong, but there are also many people who pick up the leaks in Hong Kong.

Despite the collapse of real estate in Hong Kong between 1982 and 1984, the prices of real estate properties owned by Sun Hung Kai also plummeted by [-]% to [-]%.

However, Sun Hung Kai Properties still absorbed a large amount of cheap land during this period. By June 84, the land reserve of Xindi reached 6 million square feet, and the estimated land price per square foot was less than 1140 yuan.

At the same time, Sino was also one of the most active and aggressive real estate developers in Hong Kong during this period of real estate downturn.

During this period, it purchased as many as 10 pieces of land.

In addition, Henderson also "anti-trend" took the opportunity to buy land on a large scale during this period. In addition to Henderson, companies such as Cheung Kong also took the opportunity to buy land.

Therefore, Su Chen is not alone in picking up leaks in the Hong Kong real estate market.

Otherwise, he would not have set his sights on Hongkong Land, the jewel in the crown of Hong Kong real estate.

Although Luo Xurui's sniper attack on the hotel had nothing to do with Su Chen, he had been setting a trap for the Guo family's Yong'an Group early in the morning, and this time was just the right time to close the net.

Moreover, Luo Xurui's attack on the Grand Hotel also served as a cover for Tang Wanru to absorb Yong'an shares.

In the past September, the Commercial Crime Investigation Division of the Hong Kong Police arrested Guo Zhiquan and his younger brothers and sisters Guo Zhibi and Guo Zhibin, and charged them with counterfeiting Yongan stock in 9.

Despite investigations, the members involved were all acquitted.

After this change, the reputation of the Guo family in Yong'an has plummeted, and it is definitely a good time to attack.

Business is basically like this, there is no sympathy to talk about.

Especially in places like Hong Kong.

During Su Chen's departure from Hong Kong, Tang Wanru had already absorbed Yong'an's shares from the stock market in batches.

Purchased 106 shares for the first time, 1 shares for the second time, 62.5 shares and 39.5 shares for the second time, and used funds of about 6.3 million Hong Kong dollars for several purchases. 3400 million shares, equivalent to 214% of the total equity of Wing On Group.

Subsequently, a large sum of money was purchased from Guo Wenzao's 6% stake in Yongan.

In addition to the previously acquired shares, Shengshi now owns more than 32% of the shares of Wing On Group.

At this time, the Guo family's shareholding is only 41%. Among them, Yongan Commercial Management Company, which represents the interests of the family, holds 2% of the shares, and members of the Guo family of the board of directors hold 2.57% of the shares.

The position of the holders who have at least [-]% of the equity is still undecided. Once a thunderous strike is launched, the Guo family will be absolutely powerless.

During the period when Tang Wanru was absorbing the shares, the share price of Yong'an Group was rising steadily, and news of a consortium acquiring Yong'an Group was intermittently spread in the market.

Wing On Group has repeatedly clarified that it does not know the reason for the stock price rise and has no important matters to announce.

On the second day after returning to Hong Kong, after Su Chen carefully read the report, he decided to initiate the acquisition of Yongan Group.

As Hong Kong's economic structure is gradually transforming to the service industry, some manufacturers have transferred their production processes to the mainland, and the demand for industrial buildings has sluggish, and the market has turned weak.

Some developers have begun to demolish industrial buildings in traditional industrial areas and renovate office buildings.

The Hong Kong government has also begun to accept the new concept of "integrated industrial and office buildings", allowing the holders of industrial land titles to apply to the Town Planning Commission for changing the land use and building industrial and office buildings.

Once Wing On Group is acquired, another 60 million square feet of commercial buildings will be added.

At this time, overseas investment in Hong Kong properties has reached a historical peak, with more than 100 property transactions worth over 200 million yuan, involving more than [-] billion yuan.

70% of the tenants of Hong Kong's office buildings are from overseas international organizations outside Hong Kong, and foreign-funded companies have become the basis for supporting the highest level of office rents in Hong Kong.

Although the descendants of the Guo family run Yongan with a conservative style, they are united in defending their ancestral property. Therefore, it is necessary to seize the opportunity to increase the purchase price in time to defeat them one by one, and not give the Guo family time to strengthen unity and consolidate control.

In the morning, as soon as the Hong Kong Stock Exchange opened, Wing On's shares soared at a speed visible to the naked eye.

The stock market always buys low and sells high. Although the shares of Wing On have also risen steadily before, they are not as outrageous as today. In less than an hour after the opening of the market, the share price of Wing On Group soared against the market and soared by more than 14 yuan per share.

Those who are proficient in this way have already predicted that the situation is unusual and important events will happen.

Sure enough, in the afternoon, Wing On's stock price suddenly fell like a roller coaster, falling directly from 14 yuan in the morning to 12.8 yuan.

Tang Wanru's operation has always been fierce. First, she lured a group of people to sell their shares, and then when the stock price rose rapidly, she sold them at a large sum, scaring away retail investors who wanted to fish in troubled waters.

And when these retail investors cut their meat and left the market one after another, they calmly took the opportunity to take over all the stocks they sold at low prices.

By the time the market closed in the afternoon, Wing On's shares had fallen to 10.7 yuan per share.

Such a large range naturally attracted the attention of the Guo family.

Anyone who is not a fool knows that someone is suppressing the stock price, but they don't know who is doing it.

Because it might be Liu Luanxiong, or it might be Luo Xurui.

After all, these two people are always sniping at the big hotel, maybe they get addicted to eating the big hotel like that, and want to repeat the old trick.

Because the two were blocking guns in front, Tang Wanru could hide behind to absorb the shares with peace of mind.

Mr. Su doesn't even have the slightest spare time, because he has to arrange directors to go to the companies he acquires abroad, and then deploy the development plan for next year and so on.

Back home, after eating, Xue Fang said: "I'm going back to the capital..."

(End of this chapter)