Reborn in Hong Kong as a Tycoon

Chapter 271 Golden Gate Building
"Hutchison Whampoa wants to acquire the Golden Gate Building? What is this for?"

When Henry Caesark learned from his secretary that Hutchison Whampoa wanted to acquire the Golden Gate Building, he was a little puzzled.

The reason why Henry Kessack knew this was not because he followed every move of Hutchison Whampoa. Now that Jardine Matheson has a lot of things waiting for him to deal with, he doesn't have the time to pay attention to other companies.

The reason why he knew this was very simple, because the Golden Gate Building was built in the 60s and originally belonged to the Golden Gate Construction Company, and the Golden Gate Construction Company was privatized and delisted by Jardines in 75 and became a wholly-owned subsidiary of Jardines. company.In this way, the Golden Gate Building has naturally become a property owned by Jardine Matheson.

Therefore, it is difficult for Henry Kessack to know about Hutchison Whampoa's desire to acquire the Golden Gate Building.

The secretary said aloud: "People from Hutchison Whampoa just contacted us, and they only proposed the intention to acquire the Golden Gate Building. It is temporarily unknown what Hutchison Whampoa thinks."

"Call everyone in the company's directors and senior management for a meeting!"

Henry Kessack immediately said that the Golden Gate Building is worth hundreds of millions of Hong Kong dollars. This is an acquisition involving hundreds of millions of Hong Kong dollars. Whether he rejects it or not, he has to discuss it with other senior executives and directors of Jardine.

"Yes, Chairman!"

The secretary responded and left the office.

About 10 minutes later, in the meeting room, all the senior executives and directors of the company came.

"Everyone, the reason for the temporary meeting this time is because Hutchison Whampoa suddenly launched an intention to acquire the Golden Gate Building. I think everyone is very clear about the Golden Gate Building, so I won't say much here."

"The theme of this meeting is to discuss why Hutchison Whampoa acquired the Golden Gate Building and whether the company should sell the Golden Gate Building."

At the beginning of the meeting, Henry Keswick pointed out the theme of the meeting.

"Hutchison Whampoa is really rich now."

A high-level executive said in a sour tone that it would cost at least hundreds of millions of Hong Kong dollars to acquire the Golden Gate Building. Hutchison Whampoa now has so much money to acquire it, which shows its strength.However, just last year, Jardine also suppressed more than one of Hutchison Whampoa, which is also one of the four foreign firms, but now it is the other way around. It makes me sad to think about it.

Someone echoed: "The investment made 18 billion Hong Kong dollars, so it's rich."

"I heard that Hutchison Whampoa just repaid a debt of nearly 10 billion Hong Kong dollars a while ago, and now it is a favorite in the eyes of major banks."

"I can't believe that Hutchison Whampoa has become the largest company in Hong Kong in less than a year after it was acquired by a Chinese."

"There is no need to be envious. The stock price of Hutchison Whampoa is currently in a bubble, and it will fall sooner or later."

"."

"Cough cough!!"

Seeing that the topic of the people seemed to be getting further and further away, Henry Cassack immediately interrupted: "Don't worry about whether Hutchison Whampoa has money, don't go off topic."

Hearing this, several executives and directors immediately realized that now is really not the time to talk about it.

"I don't think it's necessary to sell the Golden Gate Building. It was almost the same when I was competing with Bao Yugang for Wharf last month. At that time, we were in urgent need of funds. The sale of the Golden Gate Building can raise a lot of funds, and we will sell it now. Now that Wharf has changed hands, there is no need to sell the property."

"I also don't think it's necessary. Besides, even if you want to sell the Golden Gate Building to withdraw funds, you can completely sell the Golden Gate Building to Hongkong Land. In this way, the group has raised sufficient funds, and the Golden Gate Building is still the property of the group, and there is no change."

"The group just used the hundreds of millions of Hong Kong dollars cashed out to increase its shareholding in Hongkong Land, and soon sold the Golden Gate Building to Hongkong Land for hundreds of millions of Hong Kong dollars. Other shareholders and directors of Hongkong Land will not agree to this."

"I'm just giving an example. It's not that the Golden Gate Building is going to be sold to Hongkong Land. It will be fine after a year or two."

"I think as long as the price is right, it can be sold. In the past few years, the group has experienced financial crisis due to many investment mistakes, and the investment failure of Niu Bijian has made the financial crisis worse. Although the sale of Wharf's shares has recovered a lot Funds, but most of the funds have been used to increase the shares of Hongkong Land, and the group is still short of funds.”

Wharf and Hongkong Land have always been Jardine's left shoulders and right arms. Now that Wharf will change hands sooner or later, Jardine naturally wants to keep Hongkong.If you lose Wharf and then lose Hongkong Land, then Jardine Matheson will not be called the Big Four.

Therefore, after selling some Wharf stocks and recovering hundreds of millions of Hong Kong dollars, Jardine immediately increased its holdings of Hongkong Land to about 40%. This shareholding ratio can make Jardine And no longer worry that Hongkong Land will be acquired.

However, the result of this is that the funds from the sale of Wharf shares are almost exhausted, and there is not much left, which does not help the group's financial crisis.

For Jardine Matheson, the current top priority is to solve the group's financial crisis and not allow the group's financial crisis to expand. Otherwise, once the creditors think that the group cannot repay the debt, the debt-collecting banks will come one after another. , then the group's losses will only be greater.

"I also think it can be sold. The most important thing for the group at present is to solve the financial crisis. Even if the Golden Gate Building is not sold, other assets must be sold. It is difficult to obtain a large amount of money from bank loans alone, given the current situation of the group."

"I also agree to sell it, but since it is Hutchison Whampoa's proposed acquisition, the price can be raised."

"Yes, since Hutchison Whampoa is so rich, let's kill it."

"."

More people still choose to agree to sell the Golden Gate Building to solve the group's financial crisis, but they all think that Hutchison Whampoa can't be cheaper and can be sold at a higher price.

"Okay, let's talk to Hutchison Whampoa first, and see how sincere Hutchison Whampoa is and how high the price is willing to pay."

Seeing that more people agreed to sell, Henry Cassack made a decision, and he himself was inclined to sell.After all, what is needed to solve the financial crisis of the group is not [-] to [-] million Hong Kong dollars. Instead of selling more assets, it is better to sell the Golden Gate Building and withdraw a large amount of funds at one time.

After making a decision, Jardine Matheson immediately sent senior executives to contact the Hutchison Whampoa team.

However, after contacting Hutchison Whampoa, Jardine Matheson found that HSBC also intervened to promote the transaction between the two parties.

HSBC's intervention surprised the executives in charge, and immediately reported to Henry Keswick, who couldn't figure out what was going on, so he immediately contacted Shen Porridge of HSBC and asked Shen Congee.

(End of this chapter)