The Industrial Giant Reborn.

Chapter 209 Acquisition of Qizhou Yingni
On September 9, the Hong Kong Economic Journal once again lit up the financial public opinion in Hong Kong. Hutchison Whampoa officially announced on the homepage of the Hong Kong Economic Journal that it had acquired 26% of the shares of Qizhou Yingni. The purchase price is to purchase the stocks on the market until the purchase reaches 25%. This purchase price is 4.2% of the current stock price of Qizhou Yingni.

The second page of the newspaper also detailed the purpose of the acquisition, publicly commenting that the board of directors of Qizhou Yingni has made no progress for decades, and has been standing still in the field of cement manufacturing, the main business, without any expansion measures, resulting in The stock of the entire company has been sluggish for a long time, and all investors have suffered heavy losses.

Cheung Kong Industrial Headquarters:

Li Jiacheng looked at the newspaper in his hand, and said with some regret: "Qizhou Yingni? It was Chen Zhiwen who made the first move."

A white man drinking coffee next to him said, "Mr. Li, the purpose of Chen Zhiwen's acquisition of this company should be for their company's piece of land in Hung Hom. It can be developed like Whampoa Garden just by transferring from industry to business. "

"That's right, George, I had my eye on this company before, and I was planning to acquire it, but I didn't expect it to be too late." Li Jiacheng shook his head and said with a sigh.

"Why didn't you buy it in advance? The market value of this company is not high?" George asked curiously.

"It doesn't cost much money to acquire Qizhou Yingni, but it needs at least one hundred million Hong Kong dollars for the industrial and commercial transfer of its land. Even if we can get a loan, it will seriously consume Cheung Kong's credit line. We have too many projects in development. Yes, I originally wanted to think about it after the completion of several projects, but it's too late to say anything now." Li Jiacheng said with a deep breath.

"In fact, it's nothing. In the current Hong Kong market, there are many lands with good locations. Swire and Wheelock are constantly selling their own lands. The Hong Kong government is also auctioning off. Even Hutchison is cooperating with us for development. Now we have no land at all. Don’t worry about developing without land, it’s a pity if you miss a piece of land, it’s completely unnecessary.” George said, still drinking his coffee.

"You're right." Li Jiacheng nodded and said, "Actually, what I value more is that Hutchison has started to expand abroad."

"Isn't it normal to expand externally? Landmark also acquired Milk, and Hutchison used to expand likewise." George said.

"It's still different. Chen Zhiwen is obviously much calmer. His direction accuracy is much better than that of Qi Dezun before, and he has more capital." Li Jiacheng shook his head and said.

George is the management elite he recruited from a headhunting company. He has strong communication skills with the outside world, especially with the Hong Kong government, and also has strong internal administrative management skills. The only weakness is that he doesn't know much about real estate. Understand the operation mode of Huazi Real Estate Company.

"Although I don't know much about real estate, judging from Hutchison's current business model, it seems that they are only interested in land with a large area or a good location. They don't seem to want small land or a poor location. It can be seen from the fact that they have been cooperating with us after the debt crisis was lifted." George analyzed.

"Normally, they have limited manpower, inexperience, and sufficient funds. They will definitely have such a choice." Li Jiacheng nodded and said.

"However, let me figure it out. Even if Hutchison wants to acquire Qizhou Yingni now, it will also need to transfer the 80-square-foot industrial land of Qizhou Yingni to commercial use, plus the second phase of Whampoa Garden. It seems that it needs a lot of funds, and the pre-sale income of the first phase of Huangpu Garden is estimated to be very reluctant. In this way, unless Chen Zhiwen mobilizes funds overseas, otherwise Hutchison Huang will be rare in the next year, and it is estimated that it will be difficult to make large investments. ’ said George again.

"This is good news. I'm going to participate in the auction of the MTR's two subway exits in Central and Admiralty early next year. If Hutchison and Wong run out of money, there will be one less competitor." Li Jiacheng nodded Said.

"The location is too attractive. Even if we don't come together with Huang, Hongkong Land will definitely not give up. Other Chinese real estate companies and even overseas real estate companies will also participate. Our pressure is still the same." George said.

"It's one less thing. Changjiang Industrial has been developing in the suburbs until now. Even if dozens of businesses develop well and the profits are very good, they still can't get on the table. I need to do a big project in Central. Increase the reputation of Cheung Kong." Li Jiacheng said slowly, looking at a bunch of high-rise buildings on Hong Kong Island in the distance.

"Then we can only make more preparations." George said after a pause. In fact, he has no confidence in this matter. Although Cheung Kong has developed very well in many projects, most of them are far away from Hong Kong Island or even Tsim Sha Tsui, For the projects in the Kowloon Peninsula, although housing prices in these remote areas are low, there is less competition, and more projects can be done, and the scale of benefits can also increase. This is also the development direction chosen by Cheung Kong, avoiding competition with most real estate companies, and living in the countryside with peace of mind get rich.At this time, if you want to change your habits and compete with the giants for land on Hong Kong Island, you will be under a lot of pressure.

But having said that, unless Cheung Kong is satisfied with the current situation, otherwise, if it really wants to develop better, it will naturally need to expand to Hong Kong Island. After all, the market in the countryside is always limited, and now Cheung Kong’s land reserves can already be filled. In terms of area, it is enough to reach the top five levels in Hong Kong, but the value may not reach the top twenty.

And my own boss is very ambitious, so I am definitely not satisfied with such a result.

"You bastard." In an office building in Hung Hom, William Kane, the chairman of Qizhou Yingni, punched the table angrily after reading the newspaper.

"Chairman." The assistant at the side stepped forward subconsciously, but didn't know what to say.

"Call an emergency board of directors immediately, and call all the directors here." After a while of hand pain, William Kane returned to normal, and now he must stabilize when the company is alive or dead.

"Okay, I'll contact you right away." The assistant hurriedly withdrew.

With such a big news, a group of directors in Qizhou Yingni naturally knew about it. Under the notice of the board secretary, everyone rushed to the scene that afternoon except for one director who was not in Hong Kong.

"Everyone, now Hutchison Huang has launched a hostile takeover of us, which has affected the life and death of the company, so I hope you can stand by our side and together preserve our company's century-old history." William Kane said directly.

"William, you can't even talk about a hostile takeover, they're actually cashing out." A director said with a smile.

"The cash acquisition is true, but Hutchison will definitely split our company and even sell our business after the acquisition. At that time, there will be nothing left, and a large number of employees may lose their jobs." William Kane said with a black face, The one who spoke just now was one of the directors who had been having some friction with him. It didn't matter to him when he was controlling the company before, but now it has become a trouble.

"This is going too far, and Hutchison Whampoa's welfare for all employees of its subsidiaries is the highest in Hong Kong. Maybe this is the best for employees." The person who just spoke said again.

"Edlar, what do you mean? Have you already sold the shares to Hutchison?" William Kane almost roared angrily.

"Yes, my shares have been sold to Hutchison." Adela laughed and said: "Everyone, I am here today not to participate in this so-called board of directors, but to deliver a message for Hutchison. Everyone here, If you are willing to sell your stocks, you can get a bigger discount than the market, and each of you can get a 35% increase in the previous quotation from Hutchison and direct cash transactions."

"35%?" The people present looked at each other immediately. This price is too exciting. You must know that they are all directors of the company. As long as the directors reduce their holdings, they are restricted by law. If you want to make a one-time sale, you can say It is as difficult as climbing the sky.

Now that the Hong Kong stock market and the prefecture market have risen sharply, the stocks of Qizhou Yingni have also risen a little, but they are still not as good as the average level of the Hang Seng Index. In this case, if there is a chance, some of them will naturally want to cash out and leave. Especially now that the transaction price has increased by 35%.

"Edella, since you are no longer a shareholder of Qizhou Yingni, you are not qualified to sit here. Please leave immediately, or I will hire security." William Kane's face was ugly, but his long-term gentlemanly behavior on weekdays made him feel uncomfortable. He still maintains a certain degree of sanity.

"I will leave, but everyone can think carefully about my proposal." Edra also showed face, stood up and walked to William Kane and said, "William, you have no chance against such a strong opponent. Recognize the reality, He Huang asked me to tell you a sentence, if you are willing to let go, then He Huang can also buy the stocks in your hand with a 35% increase, a one-time cash transaction, with such a large amount of money, you can invest in other industries, Or if you don’t want to leave, you can continue to manage the company’s cement business.”

"You are dreaming, I will not give up my ancestral property." William Kane said loudly.

"Okay, I admire you, so everyone here, except you and me, almost holds 20% of the company's shares. How much are you going to buy from them? 40%? Take William's family's shares, plus here Everyone's shares can almost keep the management rights of your company, please?" Edara said with a smile.

"That's enough, Edora, please leave immediately." William Kane said hastily: "Everyone, don't listen to his nonsense, we all manage Qizhou Yingni together. Now that the Hong Kong real estate market is strengthening, soon, our benefits will be greatly improved.”

"No matter how high you raise it, can it compare to the real estate itself? Who doesn't know that building construction is just to earn a little bit of real estate." Aidela smiled and said: "Everyone, the validity period given by Hehuang is only 2 days , if Hutchison buys enough stocks in the stock market, the stocks in your hands may not be sold even at the price of cabbage."

After finishing speaking, before William Kane got angry again, he hurriedly said goodbye and left.

Although the person left, everyone present was still very moved, not because of how good Edra's eloquence was, but because he just spoke out what everyone had in mind, and besides, 35% is really delicious , or cash.

"Everyone, everyone has been a director of Qizhou Yingni for so many years. I hope that everyone will focus on the overall situation. In the long run, holding our stocks will definitely give you a satisfactory rate of return." William Kane saw the scene The environment is a bit abnormal, he quickly added.

"William, we understand your mentality, but you are also a director and shareholder of other companies. If similar things happen to other companies, what will you do?" Another director said.

"This..." William Kane really wanted to tell a lie, but the directors at the scene are all good people, too obvious lying will only make them fall apart from him, so he said: "Well, everyone, give me 2 days to raise funds , if you really want to sell stocks, how about selling them to me first?"

(End of this chapter)