People in Hong Kong create super chaebols

It seemed as if the god of luck had especially favored him during this period of time. Good things came to him in waves like the tide, catching Su Cheng off guard. He thought to himself: Could it be that my luck really had turned?

However, no matter what the reason behind this sudden good luck, Su Cheng understood that this was an opportunity worth cherishing.

Especially when faced with the stocks in Li Jiacheng's hands, he was even more determined to take them into his pocket.

Su Cheng has a clear understanding of Li Jiacheng's abilities. This business tycoon is known for his courage and strategy of "a snake swallowing an elephant", and he can often turn the tide at critical moments.

Although on the surface, Su Cheng's capital strength is far greater than Li Jiacheng's, he is also very aware that the business world is unpredictable and full of variables.

What particularly worries Su Cheng is that if Li Jiacheng takes the lead in persuading John Madden and lets this key figure voluntarily transfer the family's shares in Wheelock Group to him, then even if Su Cheng has a lot of money, he will lose the qualification to compete for the controlling rights of Wheelock Group.

After all, shares in Wheelock Group represent not only wealth, but also control over the actual operations of the group.

Although this possibility seems slim, Su Cheng knows that there is no absolute safety in the business world, and any negligence may lead to a complete loss.

Therefore, he decided not to take the risk and decisively purchased the shares held by Li Ka-shing to ensure that he occupied a favorable position in the future layout of the Wheelock Group.

Once the shares held by Li Ka-shing are successfully purchased, his idea of ​​further infiltrating the Wheelock Group will be eliminated from the root.

Therefore, this deal is imperative for Sioux City.

"Mr. Li, excuse me for being frank, but I am indeed very interested in these stocks. I wonder at what price you plan to sell them?" Su Cheng asked directly and sincerely, his eyes revealing the importance he attached to the deal.

Li Jiacheng smiled slightly when he heard this, but he could not hide his helplessness: "Mr. Su, I am considering using yesterday's market closing price as the trading benchmark. After all, we started planning for this two years ago, but we failed to achieve our goal and wasted our time in vain.

I hope to make up some of the losses from this transaction and earn some difference, so that I can have a more satisfactory explanation in front of the board of directors. "

After hearing this, Su Cheng nodded in understanding: "Mr. Li's words make sense. It is indeed fair and reasonable to trade at the current stock price. I accept your proposal, and this deal is settled."

In handling this matter, Su Cheng showed his decisiveness and resolve.

Because Su Cheng understood that in business transactions, indecision often means missed opportunities, so he did not choose to bargain, but directly accepted Li Jiacheng's conditions of trading at market prices.

Calculated based on yesterday's stock price, the total market value of these 9.7% of Wheelock Group shares is approximately HK$2.7 million, which is not much different from the total price of Suzhou's previous transaction with Jardine Matheson.

Although the number of shares acquired this time is relatively small, Su Cheng does not care about it.

In his opinion, being able to acquire shares of the Wheelock Group so smoothly was already a pretty good result.

Recalling the high price Bao Yugang paid to acquire Hutchison Whampoa two years ago, and comparing it with this transaction, the price will not seem high.

At that time, the share price of Hutchison Whampoa was hyped up to an extremely high level, even reaching an astonishing level of over HK$100 per share.

However, Su Cheng knew clearly that the actual value of Hutchison Whampoa was far less than this.

In comparison, his current acquisition of Wheelock Group's shares at a relatively reasonable price is undoubtedly a more cost-effective deal. For Su Cheng, this acquisition not only further consolidates his position in the Hong Kong business community, but also lays a solid foundation for his future business layout.

He believes that as time goes by and the market changes, the value of Wheelock Group will be more fully reflected.

Today, the market value of Wheelock Group has steadily exceeded the 2 billion Hong Kong dollars mark. For Suzhou City, this is undoubtedly an extremely attractive piece of cake.

Once he successfully acquires the 9.7% stake held by Li Ka-shing, he will hold a total of 21.5% of the shares of Wheelock Group, which will undoubtedly add significant weight to his voice within the Wheelock Group.

With such a share ratio, although there is still no possibility of challenging John Madden's position in the Wheelock Group, he has already occupied an important strategic position.

It is entirely possible that he would unite with other shareholders to jointly confront or influence the decisions of John Madden and other management.

As for Li Jiacheng, he originally thought that this transaction would be a difficult negotiation, but he did not expect that Su Cheng would agree to his conditions so easily.

This not only surprised him, but also gave him a new understanding of Su Cheng's determination and courage.

He has realized that Suzhou City's desire for the Wheelock Group far exceeds his imagination, and has reached the point of being determined to get it.

Therefore, it is obviously unwise for Cheung Kong Holdings to compete with business giants like Su Cheng at this time. The sooner the Cheung Kong Holdings withdraws, the better the outcome will be.

With this complicated mentality, Li Jiacheng finally reached the deal with Su Cheng.

Although he was unwilling, he also understood that in the business world, sometimes letting go is a wise choice.

What's more, through this transaction, he can also obtain a considerable profit from Su Cheng, providing more financial support for his future development.

For Su Cheng, this transaction is undoubtedly an important victory in the expansion of his business territory.

He believes that in the future, he will be able to play a greater role within the Wheelock Group with these shares.

"Well, Mr. Li, since we have reached a consensus, why don't we take advantage of the good weather now to finalize this deal as soon as possible!" Su Cheng smiled, his tone revealing an unquestionable decisiveness.

"Mr. Su is absolutely right. A straightforward person should do straightforward things. I will arrange for my team to come right away to ensure that all procedures proceed smoothly." Li Jiacheng also expressed his agreement with a cheerful response. The tacit understanding and trust between the two men were unified at this moment.

Subsequently, both parties convened their respective assistants and legal teams to prepare to start this important transaction.

Su Cheng immediately contacted Zhang Qizhen, a capable executive of Tianyuan Investment Company who had extensive experience in handling such equity transactions.

In addition, Su Cheng's shares in the Wheelock Group are listed on Tianyuan Investment Company, so it is natural to contact him.

Su Cheng briefly explained the situation on the phone. Zhang Qizheng immediately understood the urgency of the matter and said he would leave immediately. (End of this chapter)