The Industrial Giant Reborn

On July 5, 1975, a piece of explosive news completely detonated the whole of Hong Kong:

"Galaxy Holdings Group announced that it already holds 40.6% of the shares of Hutchison Group, and will officially take over the shareholders' meeting and the board of directors of Hutchison Group from July 8, and publicly asked Hutchison's senior management to prepare for the new Major shareholders are ready."

As soon as the news came out, the whole Hong Kong was shocked!

What kind of company is Galaxy Holding Group? Many people in Hong Kong don't know it at all, and the few who know it know that this company acquired the property of the Hilton Hotel two years ago, and then deployed industrial real estate in the real estate market. It has gained some fame in the small market of industrial real estate.

Who would have thought that Galaxy Group would control the entire Hutchison Group before they knew it.

What is the concept of 40.6%, that is, absolute control, no one person or group can be right, and all other shareholders add up to only 59.4% of the shares, unless all these people unite, which is almost impossible.

Under normal circumstances, when a major shareholder owns 30% of the equity, there is basically no possibility for other shareholders to unite, especially Hutchison, where no other shareholder has more than 2% equity.

When public opinion fluctuates, the first reaction is the stock market.

I originally thought that a super consortium was acquiring Hutchison. Whether it is in Hong Kong or overseas, they must have a lot of financial resources, and the acquisition will definitely continue. Therefore, even if the stock price fell two days ago, the market judged it to be the acquirer’s funds. Adjustment.

But as soon as the news was announced today, countless shareholders knew that Hutchison was acquired by a Chinese, and the share had reached 40%, basically reaching the level where they could hold a controlling stake. There would definitely be no more acquisitions in the future. Within a short period of time, it immediately fell from the opening price of 2.7 Hong Kong dollars to 1.4 Hong Kong dollars.

It was cut in half in half a day, and a large number of orders were sold, and no one cared about it. What's worse, there are still people maliciously spreading news, saying that Hutchison will inevitably go bankrupt after being acquired by the Chinese, and that Hutchison will fall into a few cents in the future, which is even stronger. The fear of stockholders sold stocks overwhelmingly, begging others to quickly buy the stocks they bought at the highest price.

For a while, the Hong Kong Stock Exchange was gloomy.

For the reporters, this is shocking news. No matter what the current situation is, Hutchison is always one of the four major foreign companies in Hong Kong, but it was bought by a Chinese without making any noise.

Important news, the editor-in-chiefs of all newspapers have issued a death order, they must go for interviews, ask a few questions if they can’t be interviewed, take photos if they can’t ask questions, ask their relatives and friends if they can’t take pictures, always check things out .

Countless reporters went to the headquarters of Galaxy Holdings and Chen Zhiwen's house to block people, but Chen Zhiwen was also prepared. He pulled two bus security guards directly from a security company. One guarded near his villa, and the other guarded the prince. Downstairs of the building.

Although these security guards don't have the ability to fly into the sky and escape from the ground like in the movie, they are the best at dealing with a group of reporters. There are enough security guards in front of them, and the reporters can't rush in at all. If the place sneaks in, it's even more impossible.

The villas in Repulse Bay have long been monitored by various security equipment. Although there are no cameras, there are still some kinds of horn alarms and German Shepherds. On the side of the Prince Building, Li Haonan also has a good number of properties in the building, so it is directly locked. You can go to the elevator on the Xinghe office floor. The elevator is also guarded by security guards and an internal employee. They don’t look at the ID card, only the person. Those who know can enter, and those who don’t know can’t even have an employee card.

All that matters is not to be disturbed by too many reporters. A major event such as the acquisition of Hutchison will definitely require a press conference, but not now, but after the real control of Hutchison.

"It's fallen so much, Zhou Jiayang, buy again immediately, but don't be too fast, buy some back slowly." Although I knew that Hutchison's stock would fall a lot after I announced it, I didn't expect it to be so much. Good thing, don't buy any more.

However, everyone is now paying attention to Hutchison's stock, and this kind of acquisition will not last long. Once the market finds out that he is still buying, other capital or hot money will immediately enter the market, and then the stock price will be too high.

"Okay, I will try my best to be careful." Zhou Jiayang agreed.

Hong Kong, Cheung Kong Assets Headquarters:

"The acquisition of Hutchison is a big deal." Li Jiacheng of Cheung Kong Industrial Co., Ltd. was surprised and didn't know what to say after seeing the news in the newspaper.

"It's unbelievable that one of the four major foreign firms was acquired by the Chinese, and he is a young man who has only been active in shopping malls for a few years." A thin middle-aged man on the opposite side said with emotion while drinking tea . He is Zheng Yutong, the founder of New World Group. He originally came to Cheung Kong to discuss the cooperation of a piece of land. Unexpectedly, before the meeting started, it was interrupted by news of Chinese capital acquisitions and records everywhere.

"At the beginning, I thought that Chen Zhiwen was very capable, and his achievements in the future would definitely not be easy, but I didn't expect him to be so big and ruthless." Li Jiacheng said after putting down the newspaper.

"If you want to play big, you have to be stable. The mess of Heji is not so easy to clean up. We can actually get it out of hundreds of millions of funds. If it weren't for Heji's heavy debts, what It's his turn to be a junior." Zheng Yutong shook his head and said.

"The debt is not that heavy. We don't even think about buying it together. It's just about how Chen Zhiwen got the control of Hutchison from Qi Dezun, and even if he got it, we have to think about how to deal with so many. Bank syndicate." Li Jiacheng said with a smile.

"It's very difficult, but if it really succeeds, if you survive until the land price rises, you will earn a Hutchison. Li Sheng, this Hutchison has a lot of land, but it is second only to Jardine." Zheng Yutong said slowly. Said slowly.

"If it really succeeds, it can only be said that they are more daring. We are only thinking about the land property under the British foreign company. They can buy it directly." Li Jiacheng shook his head and said helplessly. The large British-funded foreign firms that don't know how to develop, these Chinese capitals are all jealous.

Over the past few years, they have also been cooperating with British capital and getting a share of the land developed, but in many cases, British capital still takes the bulk. No way, whoever let the land belong to others, the core cost of the so-called real estate economy is the land, most of the cost of the building is not as good as the land downstairs, not to mention the house, the construction cost may be less than the land 20% of the price.

Chinese capitals began to rise a few years ago, and their market value has reached 300 to 500 million yuan, but it is far behind British capitals. The combined market value of the five real estate companies in 1972 is still not equal to the lowest market capitalization among the four foreign firms. Wheelock.

In the past two years, due to the real estate crisis, the four foreign banks have been damaged to varying degrees, but the market value has decreased, but the scale is not small, and it is not something that Chinese capital can covet. The only worthless Hutchison is too bad that no one dares to take over.

"Why don't you invite him to this year's yacht club?" Zheng Yutong asked.

"Alright, if he can really stabilize Hutchison, there will still be many opportunities for us to cooperate in the future." Li Jiacheng thought for a while and said.

"Yes, Hutchison, there is too much land." Zheng Yutong said with envy in his eyes. Although he started his business with gold and jewelry, real estate is now one of the main businesses of New World Group. Naturally, the demand for land is very high. .

there is another chapter tonight