People in Hong Kong create super chaebols

Chapter 102 I was bitten by a snake for ten years and I was afraid of the rope

"Are you going to sell Wharf's shares?" Su Cheng thought he heard wrongly.

"Mr. Su, you misunderstood. That's not what I meant. It's like this. As the saying goes, one mountain cannot accommodate two tigers. After Jardine found that it could no longer control Wharf, it was bound to find a way to sell off Wharf's shares because Shen Mr. Bute has told me that Jardine Matheson recently borrowed money from a bank in the UK at a high cost of interest to compete with me in Wharf.

Now, they are doomed to fail in the Wharf competition. If they want to continue competing, they can only raise funds by issuing new shares. However, they are worried about repeating the mistakes of Wharf, causing the stock price to be low, causing Chinese tycoons to turn to Jardine Matheson. Or the idea of ​​​​landing.

Therefore, Jardine Matheson has only one option, which is to sell Wharf's shares. But in the current situation of Wharf, it is difficult to find someone to take over.

As for me, I have spent too much money recently and am no longer able to acquire the stocks held by Jardine Matheson. In this case, I can only find a partner, so I hope Mr. Su can take over the Wharf stocks. "

The Charter King explained to Su Cheng in detail.

Su Cheng also understood that Wharf itself was originally a subsidiary of Jardine Matheson Land, but at that time they thought that no one would compete with them to grab Wharf, so for the sake of money, they kept issuing new shares to raise funds, resulting in less and less shares in their hands. , in the end, only about 10% was left. How could people not take advantage of such a situation!
Therefore, Yihe completely lost Wharf.

As the saying goes, once bitten by a snake, you will be afraid of the rope for ten years. This is the mentality of Jardine Matheson today.

Therefore, they will definitely find a way to sell off the Wharf stocks that they cannot control, because too much capital is occupied here, which will affect their capital turnover.

When the charter king found that he could not spare the funds to acquire this part of the stock, he naturally did not want this part of the stock to be bought by others at will. It was best to have a capable partner, which would also be beneficial to Wharf's future development.

Normally, Huifeng Bank is naturally the best partner. Unfortunately, Huifeng Group, as a banking industry, will not acquire these equity interests at all unless there are special circumstances.

So, I had to find someone else.

By chance, Su Cheng became a capable person in his mind and his ideal partner.

After all, who in the whole of Xiangjiang dares to say that Su Cheng is incapable?

Don’t you have the ability to own such a huge asset at such a young age?

Don’t have the ability to play around with Wharf and Hutchison Whampoa?

Don’t have the ability to be a top class member at Hutchison Whampoa?

Don’t have the ability to spend nearly [-] billion to buy crude oil?
Of course, the chartering king at this time also knew that the reason why Su City had so much money to buy crude oil was that 50 billion was borrowed from Huifeng Bank.

Although the chartering king felt that it was very irrational for Su Cheng to rashly purchase so much crude oil, it did not prevent him from admiring Su Cheng as a person.

He was also young at the time, and no one could persuade him to do something he believed in. Because of this, he successfully won every business war, and finally got to where he is today, becoming the richest man in Hong Kong and the world's largest shipping king.

Isn’t that what Sioux City is like now?According to his understanding, except for this crude oil acquisition, Su City has never lost money in the market before, and every plan can double his assets.

Just because he is not optimistic about the massive purchase of crude oil does not mean that he is not optimistic about Su Cheng.

Therefore, after consideration, he wanted to invite Su Cheng to take over the Wharf shares from Jardine Matheson and become the second largest shareholder of Wharf.

"How many Wharf stocks does Jardine Matheson control now?" Su Cheng asked.

"As far as I know, Jardine Matheson and Land currently hold about 30% of Wharf stocks." Said the chartering king.

Su Cheng nodded, thought for a while, and then said: "If the price is still 50 Hong Kong dollars per share, I have no intention of buying Wharf shares." The share price of Wharf is actually more than 50 Hong Kong dollars per share.

The reason why it can rise to more than 50 Hong Kong dollars or even reach the terrifying 62 Hong Kong dollars per share is because Charter King and Jardine Matheson are competing for the controlling rights of Wharf. In this case, they will not care about whether Wharf is worth the stock price at all. The one who gets the controlling stake is the ultimate winner.

Now, since the winner has been decided, the stock price will definitely not be able to sustain and will definitely fall sharply.

Therefore, even if Su Cheng wanted Wharf's equity, he would not take advantage of it.

"Based on my experience, the share price of Wharf will drop to about HK$20 per share over time. At that time, it will be a very good time for Mr. Su to buy." Said the chartering king.

As long as it is confirmed that the charter king has taken over Wharf, Wharf's stock will basically not be traded. When the time comes, the stock will naturally fall back to its suitable stock price.

At this time, if Jardine Matheson wanted to sell stocks, they could only sell them at this price, otherwise no one would be interested in their stocks.

"Okay, I'll take a look at it then. If it's suitable, I will buy Wharf stocks. Under the management of Mr. Bao, I believe that Wharf's future will be even more brilliant." Su Cheng did not give an accurate answer.

Moreover, his funds are currently invested in crude oil. The funds will have to be gradually withdrawn after the oil crisis breaks out. At that time, if suitable, he would not mind serving as the second largest shareholder of Wharf.

The Charter King understood it, so he didn’t say anything more on this issue.

The Wharf matter was finally settled, and he was deeply relieved.

Although the chartering king is the richest man in Hong Kong, only through experience can he know how difficult it is to fight head-on with a major British bank.

Jardine is not only large in scale, but also has the support of the British consortium.

Fortunately, he won the battle in the end.

As Su Cheng's strength gradually emerged, no one dared to look down upon him. Even someone as high as the Charter King had classified Su Cheng into the same level as himself.

The two chatted very speculatively. Regarding some international affairs, Su Cheng gave a lot of unique insights through Xiao Ai. The more the charter king listened, the more he felt that the young man in front of him was really extraordinary. .

At noon, the boat charter king once again invited Su Cheng to have lunch at the Universal Restaurant, to which Su Cheng naturally agreed happily.

"Thank you very much for the banquet, Mr. Bao. I welcome you to my home later." Before leaving, Su Cheng shook hands with the charter king and said with a smile.

"As long as you're satisfied, I'm worried that I won't be able to greet Mr. Su!" the chartering king laughed.

"Well, that's it for today. We'll make an appointment when we have time in the future. It's very interesting to chat with Mr. Bao. I also hope to hear more of Mr. Bao's guidance on business experience." Su Cheng waved.

"Mr. Su, walk slowly!" The chartered boat king nodded.

I left home at eight in the morning and it was already four in the afternoon when I got home.

"Boss, Mr. Zhang from Tianyuan Company called you and asked me to tell you as soon as you come back and call him back." As soon as he came back, Zhong Chuhong said to Su Cheng.

"Zhang Qizheng is looking for me. Could it be that there is news?" Su Cheng thought in his mind after nodding.

(End of this chapter)