People in Hong Kong create super chaebols

Influenced by the rising stock price, shareholders of Hutchison Whampoa who originally held shares began to sell their stocks.

This is good news for everyone. Swire Properties itself has been affected by the real estate crisis and its stock price has been falling.

Unexpectedly, there is a force that continues to push up the share price of Hutchison Whampoa. If you don't take the opportunity to sell it, the share price of Hutchison Whampoa may soon fall again like the share prices of other real estate companies.

The traders of Tianyuan Investment Company also accepted all offers and absorbed all the selling orders.

At this time, the bigwigs on Yihe's side didn't know what was going on, so they naturally wouldn't go out to compete with Su Cheng's men.

Therefore, most of the sell orders that were placed were eventually taken by Tianyuan Investment Company.

It was not until around three o'clock in the afternoon that the number of stocks with sell orders gradually decreased, and this spectacular event in the stock market ended in a hurry.

Because, at this time, Tianyuan Investment Company had almost completed its acquisition.

At this moment, there are not many stocks left in the hands of investors on the market, so it is normal for the number of pending orders on the stock market to decrease.

While acquiring Hutchison Whampoa shares, Jardine Matheson did not stop acquiring shares.

When the stock market trading ended at four o'clock in the afternoon, today's results came out quickly.

“Boss, I think you can take over the Hong Kong Land Group or even the Jardine Matheson Group. Currently, we have successfully acquired 42.38% of Hong Kong Land’s shares and 31.26% of Jardine Matheson’s shares. Hong Kong Land’s shares have enabled you to directly take over the Hong Kong Land Group.

In addition, Hong Kong Land holds 25.8% of Jardine Matheson Holdings, while Jardine Matheson Holdings holds 23.9% of Hong Kong Land. In other words, once you take over Hong Kong Land, you can indirectly control Jardine Matheson Holdings. If you want, the relationship between Hong Kong Land and Jardine Matheson Holdings can even be reversed, with Hong Kong Land controlling Jardine Matheson Holdings. "Zhang Qizheng reported excitedly.

This will create new history in Hong Kong!

The former Hutchison Whampoa was completely incomparable to Jardine Land.

And now, Su Cheng is about to take control of these two giants at once, which even makes Zhang Qizhen excited.

After all, he was directly involved in this matter.

They have been planning for this for more than two years, and today is finally the harvest season.

"Uncle Zhang, please invite all major media in Hong Kong immediately. In an hour and a half, I will hold a press conference at the headquarters base in Tseung Kwan O. At the same time, I will discuss with Mr. Wei Li and Mr. Yang Chaoye to dispatch enough senior management to take over the control of these two companies!" Su Cheng said directly.

He wanted to announce directly to the public that he would take over Hutchison Whampoa and Jardine Matheson without giving them a chance to react.

However, with the shares in Hutchison Whampoa and Jardine Matheson that he now holds, it is basically impossible for the two companies to object.

He had already investigated how many shares the British shareholders of the two groups held.

Even if all the apparent shareholders of Swire Properties were added together, they would not have as many shares as he does.

His more than 40% stake can directly achieve the purpose of controlling the vast majority of listed companies in Hong Kong. He even directly controls many of the companies with only a dozen or twenty shares.

For example, the Keswick family, the major shareholder behind Jardine Matheson, only holds a dozen points of Jardine's shares. Even if he joins forces with other British shareholders, he will not be able to fight against Su Cheng.

Because, the shares of Jardine Matheson held by Su Cheng, combined with the shares of Jardine Matheson held by Swire, have given him absolute control over Jardine Matheson.

After making arrangements in Suzhou, Zhang Qizhen began to notify people to contact major media in Hong Kong.

One and a half hours was not long, but it was enough time for them to get from the city to Tseung Kwan O.

As for Su Cheng, he directly gave two capable subordinates, Yang Chaoye and Wei Li, to Tianyuan Investment Company, and asked them to cooperate with him to take over the management rights of Jardine Matheson and Swire Properties.

The Jardine Matheson Group was taken over by the Su Group.

Jardine Matheson was taken over by Hutchison Whampoa Group.

In this way, although Su Cheng took over these two major banks, he did not need to work too hard. It would be enough for his subordinates to take charge if there was any problem.

Even the two big guys were shocked when they heard what Su Cheng said.

what?
How did our boss become the boss of two big banks?
Neither of them had ever heard of this matter before, and had no idea that their boss had such a plan.

However, when they thought about the fact that their boss Su Cheng now controlled a huge amount of funds and there was nothing surprising about the acquisition of Jardine Matheson and Swire Properties, they felt that it was normal.

As a result, they quickly formed a strong enough team to take over the company.

Today, both the Su Group and the Hutchison Whampoa Group are world-class companies and have long become internationally renowned companies. Their strength has long surpassed Jardine Matheson and the Hong Kong Land Group.

Therefore, there is no problem in taking over these two giant companies.

At around five o'clock in the afternoon, more than one hundred media reporters gathered in front of a stage in the center of the Tseung Kwan O Headquarters Base. These media reporters were enough to represent more than 95% of the news coverage in Hong Kong.

As for smaller media outlets, there is no need to notify them.

There are hundreds of media companies, big and small, in Hong Kong, and it is impossible to notify all of them one by one.

This is also the first time that Suzhou City has held a press conference in Tseung Kwan O.

The opening was just a housewarming ceremony, and although many reporters attended, it could not be considered a press conference.

Now is the first press conference held here in the true sense of the word in Suzhou.

Reporters gathered below the stage, talking and speculating about what had happened.

If they want to enter the Tseung Kwan O headquarters base, they still need Su Cheng’s approval, and they cannot enter at ordinary times.

But even if they came in, there were security guards following them, so they couldn't walk around.

This is also for the company's safety. This is where the headquarters of most of Sucheng's companies are gathered. There are many confidential matters. Naturally, it is impossible to let them move around to interview and film.

"Quiet!" As soon as Su Cheng finished speaking, the scene suddenly became quiet, as if one could hear a needle drop.

Seeing that everyone stopped discussing and turned their eyes to him, Su Cheng nodded with satisfaction.

"Thank you, everyone. I apologize for calling you here in a hurry because of the urgency of the time. However, I do have something very important to announce to you today. So, no matter what you hear next, please try to be quiet and wait for me to finish. If you have any questions, I will give you time to ask them. Do you understand?" Su Cheng said seriously. The honor of being the richest man in the world in recent years has already made Su Cheng develop a sense of majesty without anger, so as soon as Su Cheng finished speaking, some people at the scene nodded involuntarily, but no one spoke.

They were afraid that if they spoke, they would be driven away by the security guards, which would then be counterproductive.

Seeing such cooperation on the scene, Su Cheng no longer delayed time and began to make the announcement.

“My Tianyuan Investment Company has successfully acquired 42.38% of the shares of Hong Kong Land and 31.26% of the shares of Jardine Matheson Group, so I am here to announce one thing. From now on, I will take over Hong Kong Land and become the controlling shareholder of Hong Kong Land.

In addition, since the two companies have been holding each other for the past two years, the company holds 25.8% of the shares of Jardine Matheson, while Jardine Matheson holds 23.9% of the shares of the company. Therefore, after I take over the company and become the controlling shareholder of the company, the Jardine Matheson Group will also be managed by me indirectly. After this press conference, I will directly control the management of the two groups!" After Su Cheng finished speaking, the people below could not hold on any longer. The sound of inhaling came out from their mouths, and some people even screamed uncontrollably.

This news is really shocking.

No one had ever thought that Su Cheng could accomplish such a feat quietly.

Jardine Matheson and Hong Kong Land are the second largest British companies in Hong Kong after the Harbour Group.

Now, it has been captured by Su Cheng?
Everyone understood that if he really held so many shares as Su Cheng said, then he would directly control these two giants. The other shareholders would have no power to resist at all, and even if they joined together to resist, it would be useless.

Moreover, although both Jardine Matheson and Swire Properties are British-owned enterprises, their shareholders are not of one mind.

Even if there is only one line, it is useless. Even if they unite, they are not enough to defeat Suzhou.

Therefore, no one objected to Su Cheng's direct announcement that it had acquired control of the two companies.

If it were anyone else, these reporters would definitely not believe it and might even want to laugh at it.

But now in front of them is Su Cheng, the world's recognized richest man with a lot of cash!
Isn't it normal for him to take over these two companies?

Even if someone told him that Su Cheng had taken over Huifeng Bank, people would probably believe it.

"Quiet!" Seeing the chaos at the scene, Su Cheng had no choice but to speak out to stop it.

The scene finally quieted down.

However, many reporters raised their hands, hoping to ask questions.

"The reporter from Oriental Daily will ask questions first." Su Cheng naturally asked his own people questions first.

Amid the envious looks, the reporter from Oriental Daily asked with a smile, "Mr. Su, when did you start planning for these two companies? We didn't hear any news before!"

"This matter started three years ago. Three years ago, I thought that Hong Kong Land, which controlled many properties in many core areas of Hong Kong such as Central, Wan Chai and Causeway Bay, was a very high-quality enterprise, so I thought of acquiring Hong Kong Land. At that time, I did not think of acquiring the Jardine Matheson Group. After all, in my opinion, Hong Kong Land's value was obviously higher than that of Jardine Matheson, so it was enough for me to acquire Hong Kong Land.

What I didn’t expect was that after Jardine Matheson failed in the competition with Wharf Holdings, in order to prevent Hutchison Whampoa from being acquired like Wharf Holdings, Jardine Matheson and Hutchison Whampoa started a mutual shareholding strategy, with each party holding a certain number of shares in the other. This made me interested in Jardine Matheson. Since they were going to acquire Hutchison Whampoa, why not acquire it as well.

So, I told my subordinates to buy shares of Jardine Matheson while buying shares of Jardine Matheson. After two or three years of accumulation, today, I finally achieved my goal. The next questioner was a reporter from Jiayi TV. "Su Cheng explained with a half-truthful smile.

To this day, even if he said it out, the forces behind Jardine Matheson would have no power to fight back, so it doesn't matter if he tells it out.

Hearing Su Cheng's words, many people couldn't help but laugh out loud.

Unexpectedly, the acquisition of Jardine Matheson was its own fault!
Originally, people were only interested in Hutchison Whampoa, but then you and Jardine Matheson came up with a cross-holding strategy.

Now, not only was Hutchison Whampoa lost, but Jardine Matheson itself was lost.

"Mr. Su, I would like to ask, you used to like to acquire listed companies and then privatize them. Do you have any plans to privatize the Jardine Matheson and Swire Groups?" asked a reporter from Jiayi TV.

Everyone became interested when they heard this. It was obvious that many people were interested in this question.

"My current plan is not to privatize these two companies, so everyone is welcome to hold shares in these two groups. I believe that the future returns of these two groups will not disappoint everyone's expectations!" Su Cheng said directly.

He really has no plans to privatize the two companies.

He already has enough privatized enterprises, so there is no need to privatize these two enterprises.

Moreover, Swire Properties now owes a huge amount of money, and he has no intention of privatizing it and using the money to pay it off himself.

What Su Cheng is interested in is not the current land, but the future land.

It’s a phenomenon that with the future recovery of Hong Kong’s real estate, every inch of land in Hong Kong will be worth a lot of money. At that time, Swire Properties will be very wealthy just by collecting rent every year.

It occupies many core areas such as Central, which is unmatched by other real estate companies.

In the real estate industry, Swire Properties is still ranked number one even today.

Of course, Tianqi Property Company does not count, because although Tianqi Property Company owns many properties, it is just a property company, not a real estate company.

Otherwise, the market value of Tianqi Property Company will surpass that of Swire Properties in a matter of minutes.

Next, Su Cheng called on a few reporters to ask questions, and then ended the press conference.

For Su Cheng, all that was needed was to announce the matter.

Give some time for the big guys behind Jardine Land to approach him.

I hope people like Niu Bijian and Bao Fuda will cooperate actively, otherwise I will have no choice but to dismiss them directly.

As for the power behind Jardine Matheson, the Keswick family, Su Cheng has never been afraid of them.

After obtaining such explosive news, these reporters, led by security guards, left the Tseung Kwan O headquarters base one by one.

At this moment, they had no intention of appreciating the beautiful environment of the Tseung Kwan O headquarters base. They just wanted to return to the company as soon as possible and let the company's professional editors write news content that is attractive enough to stand out from the crowd of newspapers.

Looking at the people dispersing, Su Cheng smiled slightly.

Within half an hour, Niu Bijian should contact him on his own initiative.

Because there is no point in them running away. (End of this chapter)