I Want To Be a Rich Man on Hong Kong Island

On July 29, Hongkong Land announced the suspension of trading.

Soon some people sensed that something big was happening, and they bought related stocks such as Cheung Kong Enterprises and Hutchison Whampoa one after another;

In fact, you don’t need to guess, if you buy Hongkong Land, there is a high probability that the Wu family will buy it in their own name;

Otherwise, CK Asset and Hutchison Whampoa should be suspended at the same time.

In the morning of the same day, the Hong Kong branch of Xinshe took the initiative to find Wu Guangyao.

"Mr. Wu, I heard that you want to acquire Hongkong Land Company?" the new president said bluntly.

"That's right! Is there something wrong with this?" Wu Guangyao asked curiously.

The new president said: "Will this cause panic among the British consortium and force the British capital out of Hong Kong? If so, I am afraid that it will not be conducive to the stability and stability of Hong Kong."

Wu Guangyao frowned, this has nothing to do with politics!

However, as a new agency, it is normal to worry about this;

Wu Guangyao explained: "Hongkong Land and I have negotiated amicably, and a good-faith acquisition will naturally not cause much impact; and as far as I know, Jardines intends to withdraw from Hong Kong. Complete them."

When the new president heard that it was a good-faith acquisition, he immediately breathed a sigh of relief;

"Since Mr. Wu said so, I am relieved! Mr. Wu also knows that the higher authorities require us to unite all forces that can be united, and investors from any country are welcome to invest in Hong Kong."

"En! Don't worry, Jardine and I will not confront each other."

After seeing off the new president, Wu Guangyao smiled and shook his head!

 …

That afternoon, when Wu Guangyao led the team to the Jardine headquarters, the entire building was crowded with reporters;

The police also came here one after another to perform their duties.

Surrounded by bodyguards, Wu Guangyao walked into the Chater Building and let the reporters shout loudly, but the team members did not say a word;

Obviously, when things are not settled, no one will take it lightly.

In the conference room of Chater Building, after some greetings, Huo Jianning, Yuan Tianfan, Liu Yu and others began to review the financial situation of Landmark;

The whole process will take a long time, and tonight is destined to work overtime.

At this time, Jardine owns 450 million Hongkong shares. If the transaction is concluded today, it can cash out 7.2 billion Hong Kong dollars;

At the same time, Hongkong Land's debts will be completely disregarded from Jardine.

Before the takeover war, although Landmark issued 100 million new shares to Jardine Matheson, the Wu family paid an extra HK$1.6 billion;

But Wu Guangyao is not heartbroken at all. It should be noted that in the first half of the year, in order to save Hongkong Land, Jardine also cashed out 1.2 billion Hong Kong dollars in overseas assets to stabilize Hongkong Land.

It took the team of the Wu family 8 hours to read the financial statements of Hongkong Land and produce a comprehensive report;

The current long-term debt of Hongkong Land is 10 billion Hong Kong dollars, and the short-term debt is 2.5 billion Hong Kong dollars;

Hongkong Land currently has 55 real estate development projects, and 10 real estate projects have been suspended, including Miramar Old Wing Development Project, Queen’s Garden Lot Development Project, etc.;

In addition to real estate projects, Hongkong Land also has Wellcome Supermarket, Mandarin Hotel...

There are 650 million Hong Kong dollars of funds lying on the books of Hongkong Land, of which 615 million Hong Kong dollars are the funds that have just issued new shares, which means that the original liquidity of Hongkong Land is only 35 million Hong Kong dollars;

This is still a bit unbelievable for a company with assets of tens of billions of Hong Kong dollars.

"Ximen Taipan, we have no problem, what about your side?" Wu Guangyao said.

Simon Keswick suppressed his inner reluctance and said, "We hope you will pay in US dollars!"

Wu Guangyao nodded and said, "No problem, there is no problem with domestic and overseas payments."

After talking about the last condition, the two parties finally began to sign a formal contract.

.........

When Wu Guangyao and others walked out of the Chater Building, the number of reporters not only did not decrease, but also increased.

"Mr. Wu, can I accept an interview?" All the reporters shouted loudly.

Wu Guangyao was in a happy mood,

Nodding, let the reporters sit in the parking lot and ask questions in an orderly manner;

Reporter from Tiantian Daily: "Mr. Wu, may I ask if you came to Chater Building today to acquire Hongkong Land Company?"

Wu Guangyao replied: "Yes!"

Reporter from Da Gong Bao: "So has an agreement been reached?"

Wu Guangyao replied: "After we negotiated happily with Jardine, we finally reached an agreement; I personally bought all the Hongkong shares in Jardine's hands at a price of 16 Hong Kong dollars per share!"

'boom'

The scene exploded in an instant, and it was actually 16 Hong Kong dollars per share, which was a full 10 Hong Kong dollars higher than Hongkong Land’s initial price of 6 Hong Kong dollars per share; that is to say, Wu Guangyao bought Hongkong Land at a premium of 160%.

Although it is still a lot worse than when the Wharf acquisition took place back then, when the price was raised from 7 Hong Kong dollars to 50 Hong Kong dollars, the market value of Hongkong Land is also much higher!

A newspaper reporter said loudly: "The Chinese in Hong Kong, who have been ruled by the colonists for 100 years, are now proud! Mr. Wu, you have successively acquired Wharf, Hongkong Land, and Hutchison Whampoa, which greatly boosted the prestige of our Chinese!"

Wu Guangyao said with a smile: "My participation in real estate activities is not against traditional British foreign firms; but like most other people, I am full of confidence in the future of Hong Kong. My acquisition activities just show that I am in other business The funds that have been successfully obtained need to find another way out, that’s all. I have always pursued the spirit of reciprocity. Of course, everyone is developing under the same sky, and competition and mergers are inevitable. Even so, the attitude of peace is the most important thing cannot be discarded. So please don't read too much into this acquisition, thank you."

After Wu Guangyao and others left, the reporters still did not leave, they were waiting for Simon Keswick and his party;

After a while, after Simon Keswick went out, he was invited to be interviewed again.

Simon Keswick just said: "From then on, Jardine is no longer passive!" Then he turned and left!

A group of reporters fell into reverie, thinking about how to report this tomorrow.

 …

The next day, the whole of Hong Kong was discussing about the Wu family's acquisition of land;

Although Wu Guangyao only said that it was a normal business behavior, in the eyes of some Chinese, this was an acquisition that greatly increased the prestige of the Chinese.

At the same time, Hongkong Land's stock rose by as much as 20% that day, reaching as high as 8.6 Hong Kong dollars per share.

Fortunately, Wu Guangyao did not plan to privatize Hongkong Land, otherwise he would have been made a fortune by these investors.

And I not only have to pay a high comprehensive acquisition fee, but also have to fight off the debt by myself;

Wu Guangyao is not a living Bodhisattva, how could he do such a thing.

To be honest, Wu Guangyao only took a fancy to Hongkong Land's six first-class buildings in the heart of Central, and looked down on the rest of the assets at all.

Therefore, Wu Guangyao's plan was to take advantage of the market downturn and Hongkong Land Company's large debts to sell these six buildings to Jiulong Real Estate in a package.

After Hongkong Land Company received the money, it could repay the debt and use the funds to start dozens of real estate projects;

As for the company's dividends, I'm afraid we can wait until these real estate projects make money before we can talk about it!

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