The Industrial Giant Reborn

After 7 days of negotiations, the Kadoorie family finally reached a preliminary agreement with Bao Yugang and Guo Henian. Bao and Guo will use a sum of money to buy the shares of CLP Power and Grand Hotel held by the Kadoorie family in half a year. They will get the management rights of the two companies. As for the general meeting of shareholders, there is no need to hold it again. Both of them own 34.9% of the shares, and they have obtained the management rights again, basically ignoring the level of the general meeting of shareholders.

As for how to buy after half a year, it needs to be negotiated again, because a takeover offer may be triggered, so the stock will either be repurchased in the name of the company, or sold to other investors, etc., but this is a matter for the future. The acquisition of a big hotel and CLP Power was a perfect success.

After the news was announced, CLP's stock plummeted again, and many speculators who had bought at high prices and were ready to wait for the stock price to soar after the fierce battle suddenly suffered heavy losses. The Kadoorie family also disappeared from Hong Kong suddenly. No reporter can find them anymore. The gossip says that their family has gone to Canada, but no one cares anymore.

The Hong Kong stock market has also regained its calm.

In the next period of time, Guo Henian returned to Malaysia, and Bao Yugang became extremely busy. CLP is a super company with cumbersome business. At the same time, the power business is one of Hong Kong's infrastructures, and there are many things with the Hong Kong government and localities. To deal with it, the Kadoorie family was exhausted by the attacks before, and many things were abandoned, and now Bao Yugang can only wipe their ass.

The Hong Kong government is actually very unhappy with CLP being acquired by Chinese capital, but there is nothing to do about it. After all, the Hong Kong government’s international propaganda is the absolute freedom of capital, regardless of the difference between any country’s capital. Besides, the north The relationship between neighbors and Europe and the United States is getting better and better, and the Hong Kong government dare not give people a handle on many things.

So I can only make things difficult for some small things, but it has no effect on Bao Yugang. If you make things difficult for me, I will leave the matter to those British ghosts. I dare not shut down the CLP power plant.

Time soon arrived at the beginning of September, and the four original members of the Taishan Club met again.

The meeting place was naturally on Chen Zhiwen's "Century One" yacht. There was no bikini, and he did not leave Hong Kong. Instead, he parked in the center of Victoria Harbour. Opposite Hong Kong Island were all kinds of high-rise buildings, while Kowloon was far worse. There are many, but there are also a large number of buildings, especially various residential areas.

"Sooner or later, we will acquire most of the buildings there." Chen Zhiwen said with a smile to the three of them, raising a glass of red wine worth tens of thousands of bottles.

"Then we have to tidy up the property." Bao Yugang said with a smile.

"Of course, but now is not the time." Chen Zhiwen said lightly.

"But now Jardine and Hongkong Land hold each other, and each controls about 30% of the other party's shares. According to the regulations of the Hong Kong government, it can be increased to 40% in two years, which basically cuts off the possibility of other acquisitions. " Bao Yugang said with a frown.

"The difficulty is not low, so we can only wait for the opportunity. With the scale of Jardine Land, if they don't make mistakes, outsiders will have no chance." Chen Zhiwen said with a smile.

After the Kadoorie family was acquired by a series of acquisitions, Jardine and Hongkong used the same tactics as in history to control each other. Chen Zhiwen actually knew about this possibility a long time ago, but he didn't intervene.

Nowadays, land prices in Hong Kong are soaring, and the market value of Hongkong Land has exceeded tens of billions of Hong Kong dollars. If Chen Zhiwen buys it, the amount of funds needed will be huge. Even if the income from gold futures can do this, but The price is too high. There are too many opportunities to invest in the global market. Although the value of the buildings in Central Hong Kong is high, it is not so high that Chen Zhiwen has to invest a lot of money in it, so that he has to give up opportunities in other places.

If the history remains unchanged, then 1983-84 would be a good opportunity to acquire Hongkong Land. Even if it changes, with the urine of the Jardine family, it is also possible to sell Hongkong in the late 1980s. After all, in the original history, Jardine However, before 1987, they intended to sell Hongkong Land to the Chinese consortium headed by Li Jiacheng, but because of the 1987 stock market crash and subsequent price issues, it finally fell through.

"In Hong Kong, Chen Sheng is the only one who can clean up the land." Hu Yingxiang also said with a smile.

"British capital in Hong Kong should have left long ago." Chen Zhiwen said with a smile.

"Chen Sheng, how much did you spend on this boat?" Guo Henian asked suddenly.

"It's about 30 million U.S. dollars, but this is also a bargain. Normally, it might be 10 million more expensive." Chen Zhiwen said.

"So expensive? It's worth a 100,000-ton oil tanker." Bao Yugang said in surprise.

"The price of a ship does not depend on its volume. The rescue helicopter above costs four to five million dollars in the United States. The entire ship uses the same radar system as a warship. Even without satellites, it can detect In the weather hundreds of kilometers away, there is a small submarine below that can be used for escape or deep-sea exploration. The various data of the entire hull are also very good, plus luxurious decoration, the cost is about 40 to 50 million US dollars." Chen Zhiwen said the introduction.

"It's a small central building, and I would never want to part with it." Hu Yingxiang said.

"There are many buildings in Central, but our time is limited. Life is all about enjoying." Chen Zhiwen said with a smile.

"That's right, Chen Sheng's point of view is also reasonable, but we people, when we were young, our achievements were too low, we kept working hard, and now we have achieved achievements, but we are also old, so we can only let our descendants enjoy it." Guo Henian shook his head and said.

"That's not bad. The enjoyment of future generations is more meaningful than ours." Bao Yugang smiled, and said: "Let's talk about something serious, now I have obtained the management right of CLP, Chen Sheng, according to our previous agreement , everyone can prepare to hold each other's shares, how about it?"

"Yes, then we can exchange shares between Hong Kong Electric and CLP, so that we can share each other's profits. In the future, it will be much more convenient to invest in new power plants in China." Chen Zhiwen nodded and said, this is what he said before. The agreement with Bao Yugang, because of the new law of the Hong Kong government now, major shareholders hold a maximum of 40% of the holding company's shares, which is not as good as the previous 49.9%. If you want to get more benefits from the electricity market, you can get 16% of the other party's stock to bypass the legal requirements, so that one of the other party's directors can also get a vote.

This method is actually not feasible in many developed countries. Generally, anti-monopoly laws will prevent this kind of mutual shareholding behavior of similar companies. However, Hong Kong is full of monopoly, and fortunately there is a legal restriction on listed companies, otherwise Monopoly behavior will be more exaggerated.

"Well, the stock price of CLP is quite chaotic during this period. We can trade according to the price before the acquisition. If Hu Sheng and Guo Sheng are interested, they can also participate." Bao Yugang said with a smile.

Guo Henian shook his head and said, "Forget it, I have no interest in the electricity market."

Hu Yingxiang also said: "I am the same, but Bao Sheng can cooperate with me if he wants to develop real estate owned by CEC."

"Okay, I just don't have any experience in this area." Bao Yugang nodded and said, the talents of the Bao family are basically related to shipping, and they don't know anything about real estate, and the main energy now is still being successfully taken over For the power generation business, real estate, even if the profit is high, it is not capable of development. Considering the debt pressure of CLP, it is necessary to cooperate with outsiders appropriately.

"Actually, there is one thing I want to talk to the three of you." Chen Zhiwen paused and said, "The current price of Hong Kong's real estate market has exceeded 30% of its peak in 1973. It is on the verge of problems, so if you want to invest in real estate, you must be cautious."

"What Chen Sheng means is not to develop now?" Hu Yingxiang asked. As the top real estate developer in Hong Kong, he actually feels that the current housing prices are approaching the limit of the market, but when there will be a crash, no one knows .

"That's not possible, but we need to do some short-term projects." Chen Zhiwen continued: "My current Hutchison Real Estate and Wharf are all in this mode now."

The three major real estate companies under Chen Zhiwen, the former Galaxy Real Estate, have basically begun to transform. The most recent business is to close the real estate projects in hand and sell them for cash. Some high-quality properties, such as the two acquired from Wheelock The Central Building will remain unchanged, and will be converted into a property purchase model, which collects long-term rents like Landmark. The main business of the entire Galaxy Group will shift to a model that focuses on trade, supplemented by investment, and collects rents by the way.

Hutchison and Wharf, on the other hand, try to develop their own non-core land as much as possible and quickly cash out cash in order to prepare for future bargain hunting. However, according to the original history, the entire market will still be in a period of stagnation, that is, housing prices have always been high, but The trading volume is not high, and everyone is struggling. During this period, if you make good use of it, you can make some money.

"If that's the case, I need to make preparations for Hehe." Hu Yingxiang thought for a while and said.

At this time, Guo Henian suddenly asked: "Chen Sheng, I originally wanted to take a piece of land or buy a piece of land on Hong Kong Island in Hong Kong recently to build the Hong Kong branch of the Shangri-La Hotel. If there is a problem in the real estate market, should I start later? ?”

"Later, you start now. After the construction is completed, you may directly encounter a real estate crisis. At that time, the economy will be bad, and there will be no business." Chen Zhiwen said: "The big hotel, in addition to the Peninsula Hotel, should also have a lot of property land. You You can consider selling part of it, now that the housing price is high, you can pay back the cost, and when there is a problem in the real estate market in the future, you can buy the land needed by the hotel at a low price.”

"Okay, the Grand Hotel does have some land." Guo Henian nodded and said, the Grand Hotel has a history of several decades. This kind of enterprise develops in Hong Kong. As long as it is not dead, basically it has many properties under its banner.

"In the past one or two years, there should be nothing worth fighting in Hong Kong. The acquisition of CLP and the hotel is also the first success of our Taishan Club. I hope we can make persistent efforts in the future." Chen Zhiwen smiled Laughing, raised his glass and said, "Cheers."

"Alright, cheers, let's celebrate our first success." Hu Yingxiang also said with a smile.

There are no taboos for red wine worth tens of thousands of dollars. Even if you drink half a cup, you won't feel any discomfort. ?”

"I released the news in China through the president of Xinhua News Agency, saying that I intend to build a joint venture hotel. In half a month, I received replies from more than a dozen cities. They all intend to cooperate with us, but I only went to Yanjing, Shanghai In the three cities of Shanghai and Guangdong, I checked the locations locally and found that the locations they are willing to provide are very good, and they are all in the bustling urban areas.” Hu Yingxiang said.

"That shouldn't be a problem. The investment in these locations will not lose money." Chen Zhiwen nodded and said, the current prosperous areas in Beijing, Shanghai and Guangzhou will be very rare prime areas in the future, and it will be a good deal no matter what.

"One more thing. I also proposed to build a resort hotel. Yanjing City and Guangdong City did not give an accurate reply, but the Shanghai Stock Exchange agreed. However, they did not agree to build a resort hotel in Puxi, so we can only choose one in Pudong. I also checked over there, it is a bit desolate, and it is very troublesome for people from Puxi to cross the river." Hu Yingxiang continued.

"Pudong? Can you choose a piece of land by the Yangtze River?" Chen Zhiwen asked.

"Yes, I went to the Yangtze River, but Pudong's economy is much worse. Although there are a lot of people, they basically live in Pudong and go to Puxi for work. Overseas tourists go to Shanghai and live in Puxi. Many." Hu Yingxiang replied.

"It's okay. The traffic is inconvenient. Just find a ferry port. The location of Jiangkou is very rare." Chen Zhiwen said.

"That's okay, but I'm worried that if such a resort hotel is built, it will be embarrassing if no one lives there." Hu Yingxiang said.

"This is not a problem. As long as it is luxurious enough and there are no people to live in, the transportation can also be improved, but the location of the Yangtze River is eternal, especially the location opposite the Yangtze River in the bustling area of ​​Puxi, which is absolutely rare. What you can’t ask for is just like the Harbor City over there, the whole of Hong Kong is just this one place.” Chen Zhiwen pointed to the Harbor City on the other side.

The location of Harbor City is characterized by being directly facing Central, the most prosperous area in Hong Kong. Through a large number of Star Ferries, it is easy to attract the flow of people on the opposite side. This is the basis of high value. In the future, Tsim Sha Tsui will develop, and here will be even more It is a holy place of gold.

"It's right to think so. Now in Pudong, as long as you have money and projects, you can get land, but in Puxi, it's a bit troublesome." Hu Yingxiang nodded and said.

"There are still too many people in Puxi. It is possible to build a building, but it is impossible to build a resort." Chen Zhiwen said with a smile. It is indeed a very good harvest to get a piece of land on the bank of the Yangtze River, the most prosperous place in Shanghai and Pudong in the future, to build a resort, and this is just the beginning. Hu Yingxiang will continue to work in the mainland, and there will be more and more high-return investments like this.

Of course, the returns from hotels are still limited. Even if it is a resort, the area is generally only a few hundred acres. Therefore, there is no need for Chen Zhiwen to come forward and build hotels everywhere in the country. This is not a big benefit. Taishan will Just share it internally.

If you want to stockpile land, the best way is to use large factories. For large food factories, electronics factories, etc., as long as the production can be large, it is not a problem to acquire a few square kilometers of land at a time. The cost of its properties can also generate a large amount of foreign exchange for the mainland. In the future, after many years, he can enjoy the value of the land appreciation, killing four birds with one stone. Of course, this kind of business belongs to him personally.

As the most prosperous city in the mainland and the economic center of the Yangtze River Delta in the future, Chen Zhiwen naturally has an investment plan, but things have to be done step by step, and it is impossible for him to invest in so many cities in the mainland at the same time.

"In that case, can I also invest in Shanghai and build a Shangri-La Hotel?" Guo Henian was a little moved after hearing this. He has been looking for opportunities to invest capital in Hong Kong, because this is the stronghold of the Chinese, and finally passed the big hotel. Entering here after the acquisition may encounter a new real estate market crisis.

Worried about his lack of investment direction, Chen Zhiwen analyzed the future of going to the Shanghai stock market, which naturally aroused his great interest.

"Guo Sheng, not only Shanghai, but also other big cities, you can invest in Shangri-La Hotel under your umbrella," Chen Zhiwen said.

"Will you interfere with everyone's projects?" Guo Henian asked.

"No, the domestic market is too big. There are too many hotels in so many big cities. If you want to invest, you can invest in your own. Even if you can only invest in one project, whoever is first come first served, we As long as there are no conflicts in the meeting, it will be fine." Chen Zhiwen replied.

The investment of the Taishan Club will not interfere with the investment of each member. This is the most basic principle, as long as it is not stupid to open two highly competitive projects such as hotels or supermarkets together.

If there are any large-scale projects in the future, such as Supermarket, World Trade Center and other projects, he will also invest separately.

"That's fine, if you want to bring me into your project, just let me know. I will invest in my Shangri-La." Guo Henian nodded and said with a smile. Now he also thinks that Taishan will do well, and a lot of news can be known in advance. , You can also join forces to fight against the enemy, and do your own thing when you don't need it.

"Does Baosheng have this idea?" Chen Zhiwen asked again.

Bao Yugang shook his head and said, "I'll forget it. I don't know much about hotels, so I just follow Taishan. If you need funds, just let me know."

"Well, Hu Sheng is relatively busy. Now that we have initially reached a cooperation agreement with some cities in China, we will send some professionals in this field to communicate with the mainland. We will discuss it after we have preliminary results. , how?" Chen Zhiwen continued.

"Okay, I'm fine." Hu Yingxiang said with a smile.