Hong Kong Island's New Rich Era

Chapter 62 Huangpu Expansion
When Daya Mining announced a 35% increase in the acquisition price, Qingzhou Yingni shareholders no longer hesitated and went to Yingliduo Company to register, fearing that they would miss the registration if they went too late.

If the transfer fails, the market value of Qingzhou Yingmu will definitely plummet. After all, Daya Mining only proposed to acquire 49% of the shares.

That afternoon, Yingli Multi-Purpose announced that the acquisition of Daya Mining was completed, with a shareholding of 49%, making it the largest shareholder.

The share price of Daya Mining rose accordingly, and its market value reached about HK$3.5 million, making shareholders holding Daya Mining shares as happy as if it were New Year's Day.

The next day, Liu Zhicheng received a call from Lu Zhihe in his office, "I have informed William, the current chairman of Qingzhou Yingmu, that he has expressed his willingness to resign, but he hopes to transfer his shares to us as well."

"Mr. Lu, if we accept his shares, it will trigger a takeover offer. What do you think about this?" Liu Zhicheng asked on the phone.

"Mr. Liu, I respect your opinion on this matter." Lu Zhihe on the phone thought for a while and said.

"Mr. Lu, let William be a director. We are just investing in Qingzhou Yingni, and 49% of the shares are already very safe. There is no need to merge."

In fact, Liu Zhicheng's idea is very simple. Now that he has a controlling stake, he can let them come and go freely when the stock market is hot. He can raise funds through share offerings to invest in new projects, and also announce cash out for profit.

After all, the acquisition of Qingzhou Yingni was just an acquisition by a company owned by Liu Zhicheng, and can only be regarded as an episode.

…………

When Liu Zhicheng was still enjoying the joy of Daya Mining's controlling stake in Qingzhou Yingmu, he received a depressing piece of news that HSBC acquired the Bank of China from Chinese Estates Holdings.

In fact, the Bank of China Building is very old and the building is very old. In 1976, it was demolished and rebuilt by HSBC and became the headquarters of HSBC Bank in the future.

Liu Zhicheng doesn't care about a building in Central, but the three words "China Bank". After all, China Bank carries too much Chinese history, and I wonder if HSBC has any other intentions in this move.

When talking about HSBC's acquisition of Bank of China, we have to mention Li Chaoren. It was because of Bank of China that he became acquainted with HSBC boss Shen Bi and rose to fame from then on.

Now that Liu Zhicheng has taken over the Whampoa Group, it is almost impossible for Li Chaoren to get Hutchison.

In fact, this year, Li Chaoren has acquired the China United Building on Queen's Road and the China United Building in Kwun Tong.

Liu Zhicheng began to knock on the table with his hands again. In his memory of his previous life, Li Chaoren would plant the flag in Central this year, but he just couldn't remember which building it was.

Since there is no news yet, it is likely that the deal has not been completed yet. Should we get involved?
After a moment, Liu Zhicheng smiled, called Han Chunxi in, and told him to send someone to investigate. If there was still time, he must be executed.

North Point, Cheung Kong Holdings headquarters.

"Liu Zhicheng has been in the spotlight recently. First it was the 10,000-person industrial park, and now he's letting an affiliated company control Qingzhou Yingni. What a great move." Li Chaoren said with a smile after reading several newspapers.

Reading newspapers every day is the main way to obtain information nowadays. This is true for Liu Zhicheng and Li Chaoren.

"In fact, one thing can be seen from this information: Liu Zhicheng is full of confidence in the future of Hong Kong, especially in the real estate sector." The person who was talking to Li Chaoren was his assistant.

"That's the case. Whether it's the acquisition of Qingzhou Yingni, it's both building materials and land, both are real estate. Even though his 10,000-person industrial park is also for land," said Li Chaoren.

"Mr. Li, Chinese investors are starting to get excited about the two buildings, Global and Lijing. We have to speed up our pace to prevent any mishaps."

Li Chaoren looked at his assistant and asked slowly, "Well, we need to speed up this matter. Others are moving forward quickly. We can't keep wandering around in the suburbs. We must plant our flag in Central."

The next day, when Li Chaoren visited Urban Real Estate again, he received bad news that Huangpu Group had offered an offer for the Global and Lijing Buildings.

Huangpu Group proposed to buy the property with cash, which was exactly what Mr. Gao, the owner of Urban Real Estate, wanted, because he was 73 years old and wanted to buy real estate to live with his children in the country of maple leaves. The valuable buildings of Urban Real Estate were these two buildings, of which Lijing Building was located on Queen's Road and Global Building was located on Des Voeux Road in Central.

Although they are both old buildings, with only ten or twelve floors respectively, they are in prime locations and their future value is immeasurable.

Hong Kong is just a small place. If it wants to achieve long-term development, it has to steal some of the luck of others.

Besides, who doesn’t want a few more buildings in Central?

Liu Zhicheng acted quickly and offered an excellent price. After communicating with Urban Real Estate several times, Li Chaoren decided to give up.

Li Chaoren really had no cash, so the only way to make the acquisition was to issue new shares. Urban Real Estate had originally agreed, but they failed to reach an agreement on the valuation.

Now that Whampoa Group has proposed a cash acquisition, Cheung Kong Holdings has no chance at all, so it simply withdraws.

Li Chaoren couldn't help but sigh: Since we have Yu, why do we need Liang?

Under such circumstances, the negotiations between the two parties regarding the two buildings accelerated, and the final result was that Whampoa Group spent HK$7200 million in cash to purchase the two buildings in Central owned by Urban Properties.

The down payment is HK$1000 million and the balance is to be paid within one month.

The Whampoa Group was not financially affluent to begin with, and all of its funds were used to build Kwai Chung Pier No. 4.

After the news was announced, investors reacted lukewarmly, and Huangpu's share price even fell slightly. After all, the revival of real estate will start next year, and the benefits of this acquisition cannot be seen yet.

In order to solve the acquisition payment of Huangpu Group, Liu Zhicheng took Hao Qingwen to visit Bank of East Asia, Wing Lung Bank and Chong Hing Bank to seek a joint loan from the three banks.

Liu Zhicheng attached great importance to the Bank of East Asia and hoped to take this opportunity to make friends with the Li family. This was the advantage of traveling through time. He knew that the Li family's Chinese Estates would be in trouble in the future and hoped to get a piece of the pie.

There are still many high-quality assets under Chinese Estates Holdings, which are also the assets that every ambitious real estate developer dreams of.

Therefore, taking the initiative to make friends now will only benefit you and will be worthwhile to visit them in person.

When Liu Zhicheng's motorcade just arrived downstairs of the Bank of East Asia, there were special bank staff waiting for them.

As a senior VIP customer of Bank of East Asia, it was normal for Liu Zhicheng to be received by a staff member when he visited the bank.

"Hello, Mr. Liu, our Manager Li is waiting for you." said the bank clerk with a smile.

"Well, thank you!" Liu Zhicheng said politely.

Then, under the guidance of the staff, he came to the 12th floor of the bank and met the target person he wanted to visit today, Li Baoguo.

　Thanks to the support of all the book lovers, this book has entered the third round of recommendations.

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(End of this chapter)