We're building a super chaebol in Hong Kong
#358 - Negotiation went smoothly
"I think 5.5 Hong Kong dollars per share is the most appropriate price. Many retail shares of Hongkong Electric Holdings were traded at this price last month, so I didn't offer a low price," Zhang Qizheng said with a smile.
He didn't offer a price of 5 Hong Kong dollars per share because Zhang Qizheng knew that this price was a bit insulting.
Even if Hongkong Electric Holdings wasn't worth much, it was still worth more than 5 Hong Kong dollars per share.
Su Cheng had already told him to use his discretion, so Zhang Qizheng had the freedom to set the price. Of course, the lower the price, the better.
"Mr. Zhang, I definitely won't sell at 5.5 Hong Kong dollars. If I wanted to sell at that price, I could do it on the stock market. Let's get straight to the point. There's no point in haggling too much. I believe Mr. Zhang is a straightforward person, so let's just agree on a price and not waste time," Mario said seriously after hearing Zhang Qizheng's words.
Don't underestimate their haggling over small amounts like 1.50 Hong Kong dollars, because in reality, the difference between 1 Hong Kong dollar more or 1 Hong Kong dollar less is very significant.
For example, Mario controls 4.91% of Hongkong Electric Holdings' shares, totaling approximately 30.93 million shares. If the price is 1 Hong Kong dollar less per share, it would mean 30.93 million Hong Kong dollars less.
And this transaction isn't just with Mario; there are also four other shareholders. The final agreed transaction price will definitely be the same for everyone.
This matter originally had nothing to do with Wei Li, but when he called Mario over, Zhang Qizheng had also revealed to Wei Li the most suitable transaction price in his mind.
"Wei Li, then tell us, what price is suitable? Let's make it clear first, if the price is too low, I won't do it. Don't try to trick your friend," Mario said with a laugh.
The two are friends of many years. Although their relationship isn't close, they are rare friends who can talk to each other, so they speak more casually.
"Yes, Mr. Wei Li, you can't suggest an outrageous price. I won't be able to explain it to my boss when I get back," Zhang Qizheng said with a smile.
"One of you is asking for 6.5 Hong Kong dollars per share, and the other is offering 5.5 Hong Kong dollars per share. Why don't we just split the difference and set the transaction price at a round number of 6 Hong Kong dollars per share? I'm not favoring anyone. You should both know that this price is a relatively suitable price. I've also looked into the share price of Hongkong Electric Holdings. The stock transaction price has been fluctuating around 6 Hong Kong dollars in recent months, so why don't you just get straight to the point and trade at this price?" Wei Li said very directly.
For Wei Li, this price was both suitable for his boss's transaction price and didn't cheat his friend.
After all, Hongkong Electric Holdings is a recognized high-quality listed company, and many people think it's worth it even at 7 Hong Kong dollars per share.
However, the stock market is currently not doing well. Under this oil crisis, most consortia only want to hold onto their money, and no one will trade if the price is too high.
"Wei Li, I can agree to your price. I'll sell all my shares at 6 Hong Kong dollars per share. I just don't know what Mr. Zhang thinks?"
Unexpectedly, Mario quickly agreed to the price as soon as Wei Li finished speaking.
It seems that his psychological transaction price was 6 Hong Kong dollars per share.
Wei Li and Mario looked at Zhang Qizheng, waiting for his answer.
"Since Mr. Mario has said so, there's naturally no need for me to haggle any further. It's fine to trade at a price of 6 Hong Kong dollars per share, but I have a request. If Mr. Mario agrees, then our discussion today will be considered complete," Zhang Qizheng said with a smile.
"Oh? Mr. Zhang, please speak. What is your request?" Mario didn't care about Zhang Qizheng's conditions but curiously asked what Zhang Qizheng's condition was.
"I hope that Mr. Mario can help me persuade the other four shareholders. If all five of you sell, then we'll trade at a price of 6 Hong Kong dollars per share. Otherwise, if someone doesn't sell, I can only acquire your shares at a maximum price of 5.8 Hong Kong dollars per share," Zhang Qizheng said directly.
"That's no problem. Mr. Zhang, please rest assured. Leave this matter to me," Mario agreed directly.
"Mr. Mario, why did you agree so quickly?" Zhang Qizheng asked in surprise.
Is this matter so simple?
"Mr. Zhang Qizheng, after all, we have long intended to sell our shares. We have worked together for many years, and we have naturally discussed it secretly many times. The result of the discussion is basically that we are willing to sell at a price of around 6 Hong Kong dollars, so I don't think this matter is difficult. Even the taipan of Hongkong Electric Holdings doesn't know about our plan to sell Hongkong Electric Holdings' shares. Speaking of which, I'm quite curious as to where Mr. Zhang got the news?" Mario asked curiously in return.
The shares in the hands of the five of them are quite a lot. If they are taken up by the same person, they will become a major shareholder of Hongkong Electric Holdings, which will pose a certain threat to the current taipan of Hongkong Electric Holdings. In that case, the taipan of Hongkong Electric Holdings will definitely prevent their transaction.
So, they have always been secretly discussing and acting on the matter of finding an opportunity to sell the shares of Hongkong Electric Holdings.
"I see, then, I'll leave this matter to Mr. Mario." Hearing Mario's explanation, Zhang Qizheng understood.
Having discussed the outcome, the three began to chat idly. The atmosphere at the scene was harmonious, without any hint of just having finished negotiations.
Zhang Qizheng didn't expect the negotiations to go so smoothly. He originally thought that this negotiation would definitely be a fierce battle, but he didn't expect it to end after only two rounds.
Of course, now only half of the negotiations are complete. Although, as Mario said, persuading the other four shareholders is a very simple matter, this matter cannot be considered complete until the transaction is completed.
Before this, Zhang Qizheng and Su Cheng had discussed that if they really couldn't reach an agreement, they would still have to buy the shares, even at 7 Hong Kong dollars or even 8 Hong Kong dollars to 10 Hong Kong dollars per share.
Because, the shares of Hongkong Electric Holdings currently held by Tian Yuan Investment Company have reached 27.85%. Although it has already become a major shareholder of Hongkong Electric Holdings, it may not be able to completely control Hongkong Electric Holdings.
Having come this far, no matter what, they must increase their holdings of more shares.
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