Video Game Empire
Chapter 457: yacht secret meeting
In a typhoon shelter of a yacht club that has not yet opened in Deep Water Bay, a beautiful yacht broke through the water and left the pier lightly and gracefully. This yacht is much smaller than Li Xuan's "Nutomi", but the interior of the hull is equally elegant and luxurious.
The owner of this yacht is Mr. Kwok Ho Nian, the richest man in Malaysia, known as the "Asian Sugar King". His popularity in Malaysia is no less than that of Li Xuan in Hong Kong. The Deepwater Bay Yacht Club where the yacht had just left was the property under the name of Guo Henian. The total investment of this yacht club is as high as 400 million Hong Kong dollars. It took two years to build, and it will officially open its doors next month.
In the luxurious banquet hall of the yacht, in addition to the owner Guo Henian, there are several other rich and famous people in Hong Kong. Lin Guitai, chairman of Lin's Group, Xu Shixun, chairman of China Construction Group, Huo Yingdong, chairman of Huo Xingyetang Company, and Li Xuan, owner of Dongfang Group.
Of course, there are still some juniors on the yacht, such as Lin Guitai's two sons Lin Yuli and Lin Yuhao, Huo Yingdong's eldest son Huo Zhenting, Xu Shixun's eldest son Xu Jiangan, nephew Xu Jiankui, and Li Xuan's eldest brother Li Ke and others.
But their main task today is to serve tea and water. In order to achieve absolute confidentiality, apart from the captain at the helm and Li Xuan's two bodyguards, there are no waiters on the yacht.
"My bosses, let me first introduce the situation of Landmark. Keswick has been conducting strategic contractions since he served as the chief executive of Landmark. For example, Landmark sold the shares of Hong Kong Electric to Hutchison Group not long ago and returned it to the market. large sums of cash.
The Hong Kong real estate industry is also picking up, and Landmark has just opened its flagship property. The occupancy rate for Phase 1 of Exchange Square is already very good. After the sharp rise of Hong Kong stocks at the beginning of last year, the total market value of Hongkong Land has recovered to about 15 billion Hong Kong dollars!
Although the Jardine Group intends to gradually withdraw its capital from Hong Kong. But certainly not completely abandoning Hong Kong. Now that the situation of Landmark is improving, it is impossible for Keswick to sell its stake in Landmark at this time. If you lose Hongkong Land. Then the scale of Jardine will instantly shrink by more than half!
So if we want to acquire Landmark, we can only tear up our face and conduct a hostile takeover! The total market value of Landmark at the close of noon today was 15.25 billion Hong Kong dollars, but the company's style has always been conservative. Its properties are only rented and not sold, so the company's financial statements are not as bright as other real estate companies in Hong Kong.
Previously, due to the high price of land, Hongkong Land suffered huge losses in the last wave of land price slumps, and its market value once fell by 60 to 70%. Although there has been a considerable increase in the recovery of the Hong Kong stock market last year, the valuation is still low!
If we can successfully acquire the Land Group, we will split up its two major subsidiaries, Dairy International and Mandarin Oriental, and go public independently. I have full confidence to double the total market value of Landmark! "Zhuang Yuhai was the first to speak at the suggestion of Li Xuan. While he was talking, he distributed the detailed analysis materials about Landmark that had been prepared to the big bosses sitting.
New Year's Day has just passed, and it is already 1986 in terms of the Gregorian calendar. After several months of liaison with Li Xuan, the five companies have formed a group to launch an acquisition of Landmark.
Although Li Xuan promised to solve the fund of 7 billion Hong Kong dollars, according to his previous estimate, it would take 12 billion yuan to complete the forced acquisition, which means that there is still a funding gap of 5 billion Hong Kong dollars.
The Lin family and the Xu family obviously cannot afford such a huge amount of money alone. So each pulled a partner. Guo Henian is one of the most famous Chinese businessmen in Southeast Asia. His Carrie Group has entered Hong Kong since the 1970s. The first project was Shangri-La Hotel.
Last year, when the famous British "Travel Business" ranked the best hotels in Hong Kong, Kwok's Shangri-La Hotel ranked third. The first place on the list is the Mandarin Oriental, owned by Landmark. The Mandarin Oriental Hotel was originally called the Mandarin Hotel Group. Later, Landmark acquired Thailand's Oriental Hotel Group more than ten years ago, and the two merged into the current Mandarin Oriental.
Guo Henian entered the hotel industry in the early 1970s and founded the first Shangri-La Hotel in Singapore. He is very interested in Mandarin Oriental, a well-known hotel brand in Hong Kong and Southeast Asia. Naturally coveted. The Lin Group, which also operates hotels, has always had a lot of cooperation with Guo's Shangri-La Hotel. Therefore, Lin Guitai deliberately brought the richest man in Malaysia into the game.
The reason why Xu Shixun invited Huo Yingdong to participate is even simpler. Fok is a famous "red capitalist" in Hong Kong. Under the background that Hong Kong has been determined to return to China, allowing Huo Yingdong, a businessman who is most closely related to the mainland, to participate in the acquisition together can produce some special effects that can only be understood and unspoken.
Of course, whether the Land Group, a comprehensive group that is in the leading position in Hong Kong in various fields such as real estate, hotels, and retail, can be successfully included in the bag, and ultimately requires real money. Although the Huo family has been very low-key in the past 20 or 30 years, the Huo family has always been one of the richest and richest in Hong Kong.
"I have communicated with General Manager Ma of Bank of China. He can provide Huo Xingyetang with a credit authorization of up to 1 billion Hong Kong dollars, and Huo Xingyetang can take 300 million Hong Kong dollars in cash to participate in this acquisition!" Huo Yingdong first gave his investment commitment.
"The Karrie Group itself can raise no less than 500 million Hong Kong dollars in cash, and at the same time, DBS Bank in Singapore and Bangkok Bank in Thailand can provide the Karrie Group with a credit of not less than 1.5 billion Hong Kong dollars!" Guo Henian calmly His tone fully demonstrated his strength as the richest man in Malaysia.
Bangkok Bank is one of the largest regional multinational banks in Southeast Asia, with total assets exceeding US$8.3 billion. Its founder, Mr. Chen Bicheng, is the most famous Chinese banker in Southeast Asia, and has good relations with many Chinese businessmen in Southeast Asia. Back then, when Wang Linwutong, a Malaysian gambler, was building Yundǐng Casino, there was a shortage of funds. It was with the support of Bangkok Bank that he spent the most difficult time.
"The Lin Group has obtained a total credit line of 1 billion Hong Kong dollars from Bank of East Asia and Dasheng Bank, and we can raise 300 million Hong Kong dollars in cash by ourselves!" Lin Guitai also said.
If an enterprise wants to become bigger and stronger, it must be inseparable from the support of financial capital. Behind almost every Hong Kong property tycoon. All are backed by bank capital, the most famous being Bao Yugang's relationship with HSBC. Bao Yugang was able to do it in just five years. With the use of 2.9 billion and 2.5 billion Hong Kong dollars in cash successively, Wharf and Wheelock, two well-known British-funded companies, were strongly won. It all depends on the strong support of HSBC behind the scenes.
"China Construction Group can obtain a credit authorization of 1 billion Hong Kong dollars from Hang Seng Bank, and at the same time we can raise 500 million Hong Kong dollars in cash!" Xu Shixun said lastly.
"Li Sheng has communicated with President Yang Lingjun of Jiahua Bank and Sir Goldston of Standard Chartered Bank. Jiahua Bank can provide 2 billion Hong Kong dollars of credit support, of which 1 billion needs to be mortgaged, and the foundation is responsible for providing valuable credit. Securities as collateral!
Standard Chartered Bank can provide 3 billion Hong Kong dollars of credit for this operation, of which 1 billion yuan is unsecured credit. The remaining 2 billion also need to provide asset mortgages, which needs to be solved by everyone sitting here! In addition, our foundation provides an additional $300 million in cash to participate in this operation! On behalf of Li Xuan, Zhuang Yuhai reported the amount of his own investment.
The two companies, Landmark and Jardine, actually have a lot of business dealings with Standard Chartered Bank. But the relationship between Li Xuan and Standard Chartered is obviously closer! After several years of uninterrupted increase in holdings, the shares of Standard Chartered Bank held by Li Xuan have risen to 17.5%. He is already the largest individual shareholder in Standard Chartered Bank, and he joined Standard Chartered's board of directors as a director a few years ago.
"That is to say, the five of us have now raised a total of 13 billion Hong Kong dollars. The Jardine Group can't resist with its own strength alone. The only remaining variable is HSBC!"
Li Xuan paused for a while, then smiled at Xu Shixun, who was sitting opposite, "Xu Sheng, you and HSBC's Shen Bi have a good personal relationship. After we go back, you invite Sir Shen out, and we invite him to dinner together. I hope HSBC can make the right choice!"
As the largest bank in Hong Kong, HSBC has total assets of more than 100 billion Hong Kong dollars. If it chooses to fully support the Jardine Group, it will make their acquisition of Landmark more difficult. Of course, HSBC and Jardine are the two flags of the British consortium in Hong Kong. But the relationship between them is by no means harmonious, and there have been a lot of filth before.
For example, in 1978, the Madden family, the majority shareholder of Wheelock Company. I intend to transfer the equity of Wheelock held by myself to Jardine Company. And if Jardine can successfully acquire Wheelock, its total assets will exceed HSBC. become the largest company in Hong Kong. So HSBC got in the way and successfully aborted the merger plan. This gave Bao Yugang the opportunity to acquire Wheelock last year.
However, as the largest real estate group in Hong Kong, Hongkong Land has many entanglements with HSBC. A large amount of the Land Group's credit comes from HSBC, and Li Xuan and others must communicate their interests with HSBC, the big creditor, before they start to acquire Landmark.
Xu Shixun is a director of Hang Seng Bank, a subsidiary of HSBC. Xu Shixun has always had a good personal relationship with HSBC's senior class Sir Shen Bi. And although Li Xuan had known HSBC Bank senior class Shen Bi as early as five or six years ago, but the two did not have much personal friendship after that.
The biggest reason for this is that Li Xuan chose the latter as his main partner between HSBC and Standard Chartered. And Standard Chartered Bank, relying on the good relationship with the Oriental Group, has a significantly higher influence in the emerging electronics industry in Hong Kong than HSBC.
Li Xuan's own Jiahua Bank has a limited scale and cannot support the rapidly rising credit demand of the entire Hong Kong electronics industry, so Standard Chartered quickly filled the gap. The electronics industry is one of the most outstanding industries in Hong Kong in recent years, which has made Standard Chartered Bank's profitability in Hong Kong develop by leaps and bounds!
The banking industry in Hong Kong was dominated by HSBC, Standard Chartered the second and Hang Seng the third. And Hang Seng is a holding subsidiary of HSBC, which makes Standard Chartered squeezed from both ends, and life is very difficult. However, because of the appearance of Li Xuan, the little butterfly, Jia Hua Bank, which he acquired, quickly surpassed Hang Seng Bank after the acquisition of Heng Rong Bank and became the new third in Hong Kong's banking industry.
Moreover, in the Hong Kong dollar crisis of 1983, Jiahua Bank not only survived the Hong Kong dollar crisis, but also, with its abundant foreign exchange reserves, successfully established an excellent business reputation in the frenzy of panic selling of Hong Kong dollars by all Hong Kong citizens. This has allowed Jiahua Bank's deposits to grow rapidly in recent years, and has begun to narrow the gap with the two giants HSBC and Standard Chartered.
Therefore, HSBC, the leader, is now facing the recent situation of being the second and third behind, taking advantage of Hong Kong's rapidly developing electronics industry. This put Shen Bi, the company's senior class, under a lot of pressure, and naturally he was not in the mood to become friends with Li Xuan, the enemy.
It is precisely because Li Xuan is not only the major shareholder of the rival Standard Chartered, but also the controlling shareholder of Jiahua Bank. Shen Bi must doubt whether the Landmark Group will be fully reverted to the alliance between Standard Chartered and Jiahua once it is acquired by Li Xuan? You must know that the real estate industry is one of the most important credit objects of Hong Kong banks. For large companies such as Hongkong Land Group, the annual loan interest contributed to HSBC is as high as several hundred million Hong Kong dollars.
Therefore, it is necessary for Li Xuan to explain to Shen Bi and HSBC in advance that this time is just a pure strategic investment made by his fund. Orient Group has no intention of controlling Landmark, nor changing the previous cooperative relationship between Landmark Group and HSBC.
After all parties reported their respective capital contributions~www.readwn.com~ the next step is to further negotiate the distribution of benefits after the acquisition is completed. The juniors in the banquet hall immediately began to consciously exit the box and go to the deck outside to get some air.
"This Mr. Zhuang doesn't seem to have been mentioned before, what's the origin?" Lin Yuli asked his half-brother Lin Yuhao.
Zhuang Yuhai did not come out with them, but presided over the distribution of interests inside. And it is said that the entire operation of the next acquisition of the Landmark Group will also be handed over to him. This is the right to control tens of billions of funds, and everyone can't help but be curious about Zhuang Yuhai's identity.
"I only know that he is Ah Xuan's private investment advisor, responsible for managing some assets for Ah Xuan other than the Oriental Group! Let me ask Brother Ke for the specific situation, he should know better!" After speaking, everyone involuntarily looked at Li Ke next to him.
"This Zhuang Sheng is a well-known Wall Street investment bank and a senior partner of Salomon Company. He was dug back to Hong Kong by Ah Xuan at a huge cost! I had dinner with Han Sheng last year, and he accidentally revealed that he was not the number one working emperor of the Oriental Group. Zhuang Yuhai earns more than him!" As soon as Li Ke finished speaking, everyone present couldn't help but gasp. (To be continued..)
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