Reborn Hong Kong Wild Age

Chapter 108

"Young Master Gu, the second young master of the Feng family has also entered the venue."

The next day, Liang Botao, who had been staring at Huaren Real Estate, looked extremely shocked on the other end of the phone.

Gu Xiayang asked: "The second young master of the Feng family? Feng Yongxiang from Sun Hung Kai Securities?"

"Yes, it's him!"

"I'll come over later, and you can tell me what's going on in detail."

Although Feng Yongxiang is also surnamed Feng, it has nothing to do with the Feng Bingfen family of Huaren Real Estate.

Because of various factors and opportunities, Hong Kong's prosperity has been created, and batches of rich people have emerged in Hong Kong.

Feng Yongxiang is the same age as Liu Luanxiong, both 35 years old this year. His father is Feng Jingxi, the founder of Sun Hung Kai Properties.

The famous Sun Hung Kai Properties was co-founded by Feng Jingxi, Li Zhaoji, and Guo Desheng. After Sun Hung Kai went public in 1972, the three broke up peacefully and developed independently.

After the three real estate swordsmen broke up, Guo Desheng stayed at Sun Hung Kai, Li Zhaoji founded Henderson Land Development, but Feng Jingxi left the real estate industry and founded Sun Hung Kai Securities.

The Feng Jingxi family is definitely one of the richest. He has two sons, the eldest son Feng Yongfa and the youngest son Feng Yongxiang.

Last year, when Lao Feng was traveling on a cruise ship, he had an accident and died of cerebral hemorrhage, which caused quite a stir.

Since the eldest son Feng Yongfa had no intention of being in the financial industry, Feng Yongxiang inherited the business of Sun Hung Kai Securities and other companies alone.

Feng Yongxiang, who was just a fledgling, met Liu Luanxiong, a rising star. In the competition for Chinese home ownership, both sides came and went, not giving in to each other, but in the end Feng Yongxiang still fell short and lost to Da Liu.

This time, Liu Luanxiong was gone in Huaren Real Estate, but a younger Gu Xiayang came.

"Young Master Gu, it's amazing! The Feng and Li families are tearing each other apart, and they won't back down even a single step!"

Wanguobaotong Center, Liang Botao began to analyze the situation of Chinese home ownership in recent days to Gu Xiayang.

"At the end of the day, it's our Chairman Li who played this brother against each other, the scalp is numb!"

If Gu Xiayang himself was a child of the Li family, he would probably want to punch Li Fuzhao a few times.

After the company's doctor Wei Li bought the shares of Huaren Real Estate in the hands of Li Fuzhao, he immediately joined forces with Feng Bingfen to establish Shimako (Sima Gao) Company, and quietly absorbed the shares of Huaren Real Estate.

Feng Bingfen, who has the right to speak, is getting rid of all the members of the Li family and replacing the members of the board of directors with the descendants of the Feng family and Wei Li and others.

In addition to the major changes in the board of directors of China Real Estate, Feng Bingfen and Wei Li's "Asia Investment" also announced that they have purchased nearly 35% of the shares of China Real Estate in the name of Sima Gao Company.

This is definitely a shame and shame for the Li family!
The other members of the Li family were unwilling to have their careers fall into the hands of the Feng family. More importantly, Li Fushu and the others couldn't afford to lose this person, so naturally they would not make it easier for the Feng family.

Just today, together with Sun Hung Kai and its chairman Feng Yongxiang, together with Li Fushu and Li Fuqing, Bassina company was formed.

The Li family was proposed to buy Chinese properties, and in a rage, they made a comprehensive offer.

Bassina announced that it will acquire 16.0 shares of Chinese Real Estate at a cash price of HK$1 per share, involving a capital of HK$358.44 million, which will become effective after the acquisition of more than 2.17% of the shares.

At present, the Li family + Feng Yongxiang's Basinal already owns 28.5% of the shares of Hua Zhi, and has obtained other shareholders who hold 2.8% of the shares to agree to the acquisition, holding a total of 31.3% of the shares.It is still 50% short of the target of 18.7%.

The situation has developed to the present, and the Feng and Li families have completely broken up, preparing to start a war for the control of Huazhi.

For Bassina's acquisition proposal, Feng Bingfen appointed Jardine Fu Securities Co., Ltd. as a financial consultant to study the total asset value of China Land and the company's future business direction.

Feng Bingfen said that he still thinks that Feng and Li are still good friends. This decision is of a commercial nature and will not hinder the strong relationship between each other.

But in fact, the Feng family has come forward to appeal to the shareholders not to accept Bassina's conditions.

Li Fushu also publicly stated that the main purpose of proposing a comprehensive acquisition is to hope that all members of the board of directors of Huazhi are Chinese.

He didn't know that Wei Li had joined the board of directors, and Feng Yongxiang initiated the acquisition after he contacted him.

"Two old guys spoke better than they sang. One said they had a strong relationship with each other, and it was a normal business confrontation. The other simply raised the level, so that there are no foreigners on the company's board of directors. Show!"

Chinese buyers, what the hell is a foreigner on the board of directors?When Gu Xiayang heard Li Fushu's words, he was really shown off.

"Everyone knows that it must be because of the feud between Feng and Li, and Li's being squeezed out in the board of directors of Hua Zhi, so this acquisition battle broke out."

Bassina made a general offer today, and the two stocks of Chinese Land and China Entertainment were immediately suspended from trading in the stock market.

What's interesting about Chinese Real Estate is that neither Sima Gao nor Bassina owns more than 35% of the shares.

According to the "Securities Ordinance" of the Hong Kong government, after an investor holds 35% of a company's equity, if he wants to continue to buy shares, he must send a letter to the board of directors of the listed company to openly purchase all the shares from all shareholders. offer.

This is a mandatory offer requirement. To put it bluntly, it is to protect the rights and interests of minority shareholders.

Because the shares exceed 35%, they are the major shareholders of the company and have the right to change the company's business strategy and planning.

In the case of changes in major shareholders, you have to give small and medium shareholders a chance to get off.

But once there is an offer, if the board of directors wants to hold control, they can only raise the stock price with real money.

Why do stock market snipers like Liu Luanxiong choose established listed companies?

Because these companies have huge market capitalization and stable stock prices; and when they "snipe", old shareholders will inevitably follow up with the repurchase of shares in order to preserve their equity.

The stock price will naturally rise, and "snipers" like Liu Luanxiong can directly profit as long as they sell their shares at the highest point.

In other words, if the old shareholders are not willing to invest, then the company is sure to change hands.

"Young Master Gu, after the resumption of trading, shall we prepare to join?"

"Well, from what Feng Yongxiang sees now, it is the Li family who came to disrupt the situation. Maybe there is an agreement behind it, so don't think too much about it."

The original Chinese property owners, after the dispute started, the Li family finally sold the shares to Liu Luanxiong instead of Feng Yongxiang, which shows that Feng Ershao is not particularly interested in Chinese property owners.

Otherwise, Liu Luanxiong's financial resources at that time would not be enough to make Feng Yongxiang back down.

However, business confrontation depends on courage and vision.

It is a shame to pay too much premium or to be ostracized to eat meat.

In this regard, Gu Xiayang has no worries. Senior Liu has already gone through it for him, and the Chinese property in front of him is definitely worth the money.

(End of this chapter)