Started from Hong Kong Island

Chapter 126 [Lucky September]

Tuesday, March 9

Hong Kong Land Company published a full-page advertisement in the newspaper to announce the acquisition of Dairy Farm. "Early Fortune Limited and Wal-Mart Limited (Hong Kong Land Company's financial adviser) are now drafting a document to be sent to the shareholders of Dairy Farm International Limited on September 1972, 9. The price in the document is as follows: two Hong Kong Land Company shares with a par value of $19 for one Dairy Farm Company share with a par value of $5."

Thus, the first most classic acquisition battle of the 70s began.

In fact, the acquisition battle was about to begin when the stock price rose sharply yesterday, but the acquisition statement was not released until today. Obviously, someone in the land company leaked the information. If it were today when the law is strict, the exchange and regulatory authorities would definitely investigate and accuse him of "insider trading".

Once this news was released, the news of the Dairy Milk acquisition war immediately caused the already heated stock market to boil, and investors rushed to pursue the Dairy Milk Company's stocks.

Seeing that they could not get shares of the Dairy Farm Company, some people changed their mind and started buying shares of the Landmark Group. The share price of the Landmark Group had risen to 98 yuan during the lunch break.

"Mr. Li, you are really awesome. The share price of the Milk Company has now risen to 170 yuan. It should be able to break through the 200 yuan mark by the afternoon closing." Wu Xiong was even more excited than Li Wendi.

Li Wendi remembered that in his previous life, on the day when the Landmark Company announced the acquisition war, the share price of the Milk Company broke through 200 yuan, so this should not be a problem in this life.

"Well, it's very likely!" Li Wendi replied calmly, turned to look at Wu Xiong and said, "This acquisition war has already begun and it will not end in a short time. The stock price will continue to rise. Mr. Wu can shift his energy from this to other things. Help me keep an eye on Sanqianchi Real Estate Company, Dachang Real Estate Company and Sun Hung Kai Company. The former is the most important."

"Don't worry, Mr. Li. Now that the Jardine Matheson and Dairy Farm are in a takeover battle, most of the attention is drawn to them. I will increase my efforts on the shares of 3,000-foot Real Estate and try to get more shares for you." Wu Xiong continued, "As for the takeover battle, Mr. Li, have you decided which securities company to ask to assist in the acquisition?"

Li Wendi shook his head. "I haven't thought about it yet, but there are so many securities companies in Hong Kong, there will always be a suitable one. There is no need to rush. As long as the proportion of stocks is stable enough, it will be fine."

"That's right!" Wu Xiong nodded.

When the stock market closed that afternoon, Dairy Farm's share price continued to rise, reaching 201 yuan, an increase of 25%. The share price of Jardine Matheson Holdings was slightly lower, closing at 104 yuan, an increase of about 9%.

Trading volume on the day broke a record of $4 million, and the Hang Seng Index soared 4330 points to 43.67.

What is strange is that in the face of such a big move, Dairy Farm remained silent, as if it did not take the huge Hutchison Whampoa seriously and was not worried at all that the acquisition of Hutchison Whampoa would be successful.

Li Wendi knew that Zhou Xinian had not yet thought of a countermeasure, so he chose not to move and wait until he could see the situation clearly before taking action.

This reminded Li Wendi of the principle of answering questions taught by his teacher in his previous life: 'It is better to choose the wrong answer than to leave it blank'. If Li Wendi were in Zhou Xinian's position and had not come up with a plan, he would definitely drive up the stock price, not for anything else but to cause trouble for the Hong Kong Land, making the Hong Kong Land pay a higher price and giving shareholders hope of 'making big money later'. Only in this way would he have more time to deal with it.

Unfortunately, Zhou Xinian, who was thinking of using the money for his retirement, was already "afraid of wolves in front and tigers behind", and chose to hesitate when he should have been decisive. This also made the shareholders feel disheartened and saw no hope, and they gave up the chance of winning little by little to the Jardine Matheson Group in vain.

Wednesday, May 9

The newspapers published a report that the Dairy Farm Board has not yet held a meeting to study the acquisition proposal. Henry Keswick, chairman of Hong Kong Land, visited the chairman of the Dairy Farm Board, Sir Chow Sze-nin, last weekend to discuss the acquisition.

Keswick expressed his sincerity in the acquisition, believing that developing the remaining territory of the Dairy Farm Company would be of great benefit to everyone. He even stated that after the acquisition was successful, Zhou Xinian would still be the chairman of the board of directors of the Dairy Farm Company, and he would only be the vice chairman. However, Zhou Xinian believed that this was inviting a wolf into the house, and was not moved at all.

After reading the report, Li Wendi smiled. This report must be a deliberate move by Keswick. He wanted to restore the reputation of the Hutchison Whampoa Company as a hostile takeover as much as possible, and at the same time strive to win the favor of other shareholders of the Dairy Company for the next action.

However, this news is like adding fuel to the fire for today's stock price, making the flames burn even more fiercely.

During the lunch break, Li Wendi received a call from Wu Xiong, saying that the share price of the milk company had risen to 216 yuan, and the profit he made from the shares he held had exceeded 500 million yuan. If the situation continued, he might be able to make 1000 million yuan. Li Wendi would not say that the share price would not rise, and only said, "If I make 1000 million yuan, I will not give less benefits to Mr. Wu."

At the same time, Wu Xiong also reported on the listing of Sanqianchi Real Estate Company. The rise in the morning was very subtle, but there was a vague feeling of being suppressed. He believed that the Liu family would make a big move in the afternoon.

So Li Wendi asked Wu Xiong to buy a large amount of Sanqianchi Real Estate stocks as soon as the market opened in the afternoon. If the price rose to 1.5 yuan, he should stop immediately, and call him again when the price was about to rise to 3 yuan.

Li Wendi would not be foolish enough to compete with the Liu family for stocks in the stock market, as this would only reduce his profits. However, he would not let investors lose confidence in the stock as he did with Hengyao Real Estate. He planned to use the 1200 million from the Deng family and the profits earned to buy heavily at the right price and complete the final acquisition, so that he could be invincible.

As Wu Xiong guessed, the share price of Three Thousand Chi Real Estate began to rise sharply at three o'clock in the afternoon. However, Wu Xiong had already bought nearly 1.2 million shares at the price of 100 yuan. So far, Li Wendi held 900 million shares of Three Thousand Chi Real Estate, accounting for 18%, which is still a big difference from the Liu family.

As the market closed at 4 o'clock, the share price of Sanqianchi Real Estate had risen to 1.8 yuan. At this point, Li Wendi made nearly 700 million yuan in profit on the first day, and this was just the profit from Sanqianchi Real Estate Company.

Wu Xiong naturally called Li Wendi to take credit and improve his favor.

So, Li Wendi took Li Xiaonan to Central to go shopping and share their joy.

"Brother, do you think this dress will look good on Mom?" Li Xiaonan asked Li Wendi while holding a beige short jacket.

Whether in his past life or this life, Li Wendi had no knowledge of women's clothing, so when faced with Li Xiaonan's question, he could only smile and say, "It looks good, and it suits my mother very well."

"How perfunctory!" Li Xiaonan pouted and complained.

Li Wendi cried and laughed, "I can't even choose my own clothes, how can I know what style is suitable for my mother? Aren't you making things difficult for my brother?"

"I think it would look great on Auntie." A sweet voice from a girl came over.

The person who came was He Qijun, and she was accompanied by Liu Jingqi, whom Li Wendi disliked. It was obvious that the two of them came shopping to promote their relationship.

Seeing the owner of the voice, Li Xiaonan smiled, "It turns out to be Sister Qijun, are you here shopping too?"

"Yes, I come here for a walk when I'm bored." He Qijun smiled faintly.

Li Wendi stood up and greeted the two of them, saying, "Miss He, I haven't seen you for a few days and you look a lot prettier. Oh, so there's Mr. Liu, your protector. I heard that Sanqianchi Real Estate Company went public today. Congratulations."

Liu Jingqi nodded pretentiously, without the slightest smile on his face, like a dead man.

"Ms. He, I've been very busy these days. I wonder how the magazine is going?" Li Wendi didn't want to talk to Liu Jingqi. He took the initiative to say hello just to show off to He Qijun.

"Sales are very good, and we are now preparing to print 2 more copies. I am really surprised that the first issue can achieve such sales." He Qijun started working mode.

Liu Jingqi was naturally left aside and glared at Li Wendi angrily, while Li Xiaonan was completely unaffected and continued to try on clothes.

(End of this chapter)