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Published at 25th of December 2023 05:12:27 AM


Chapter 474: 【Take Wharf 1】

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Chapter 474【Take the Wharf Lightly 1】

February 1, 1971, the sixth day of the new year, Monday.

After 40 days of absorption, Wu Guangyao’s Wharf shares finally reached 30%;

Although it is carried out by means of diversified accounts, the trading volume of Wharf’s shares is increasing day by day, which has also attracted the attention of securities analysts;

Professional speculators with a keen sense of smell began to intervene, and the stock price of Wharf was naturally also raised, and soon reached 20 Hong Kong dollars per share;

For a time, big and small households have been out, and the stock market rumors have spread, Wharf stocks have already surpassed, and the growth trends of milk and land in the previous period, and this is just an appetizer!

Although some time ago, Milk and Land’s final share prices plummeted, and a large number of stockholders were ensnared;

But the stock market has always been like this, knowing that it is dangerous, but in order to make huge profits, it still chooses to go forward.

Since it was exposed, naturally there was no way to secretly acquire it. Wu Guangyao could only give up and prepare for the next battle.

Jardine Matheson

Henry Keswick, when he knew that Wu Guangyao held about 30% of the Wharf stocks, he stamped his feet with anger, gritted his teeth with hatred, but was helpless!

"Wu Guangyao again, what does he want to do!" Henry Keswick roared at the executives.

"Obviously, he wants to control the Wharf Group, so that he can contract the entire tourist area of ​​Tsim Sha Tsui, Kowloon." New Bijian said.

The executives of the Jardine Harmony Department took a sigh of relief. If Wu Guangyao is really allowed to succeed, the coastal area of ​​Tsim Sha Tsui in Kowloon is basically controlled by Wu Guangyao;

Not only the coastal area, but also the Star Walk on Salisbury Road and the "Land King" on Salisbury Road have all fallen into the hands of Wu Guangyao.

But, is Jardine really capable of stopping Wu Guangyao?

"We must increase our holdings in Wharf at a high price!" Henry Keswick said categorically.

"Taipan, if we increase our holdings to the safety line of 49%, according to the situation at this time, the price is very high! The stock price of Wharf has reached 20 Hong Kong dollars per share. If we increase our holdings now, I am afraid we will have to more than double to Around 50 Hong Kong dollars per share. Then we expect to need 1 billion Hong Kong dollars in cash, or even higher!" said the person in charge of the finance company Jardine Fu.

Henry Keswick was shocked when he heard the words, and then said: “What if you exchange shares in Land?”

"Then a formal anti-takeover plan is needed!"

Henry Keswick thought about it. It seemed that the price of increasing his shareholding immediately would be too great, and it would be easy to over-speculate the stock.

For a long time, Henry said: "We must hold on to Wu Guangyao now! Let's do this, Wu Guangyao owns 30% of the shares and has become the largest shareholder; as usual, we give two director seats. Manager Newbie, this one Leave it to you! I need to go to HSBC!"

New Bijian said: "En!"

Wu Guangyao received the invitation from the HSBC tycoon Sandus, and the corners of his mouth were slightly cocked. As expected, Jardine asked HSBC for help.

In a western restaurant, Wu Guangyao and Sundas sat opposite each other.

"Mr. Sandus, are you here to be a lobbyist this time, or are you here to make a statement?"

Sandashi was taken aback, and thought in his heart, this one really expected things like a god;

At this time, HSBC can choose to help Jardine by giving it a huge loan to deal with the Wharf crisis;

However, in this way, HSBC offends Wu Guangyao, which is obviously too expensive!

HSBC's annual income, only one-fifth of Global Group’s dividends;

If you offend Wu Guangyao, if Wu Guangyao goes crazy, how can HSBC afford to lose?

"Neither is here to be a lobbyist, nor to write a war note, but to inform you, is Mr. Wu satisfied with this answer?" Sundars's words are full of ease, it seems that HSBC has long been unified. Caliber.

"Haha, then I have to thank you!"

Sundus then told Wu Guangyao that Jardine Matheson only borrowed from HSBC;

As for how much to borrow, Sundars stretched out two fingers. Naturally, it was not 200 million Hong Kong dollars, but 800 million Hong Kong dollars;

HSBC refused on the grounds that it was too risky;

But for the sake of British capital, I borrowed 200 million Hong Kong dollars.

Wu Guangyao nodded, indicating that he knew it!

As long as the acquisition war is fought, the stock price will double several times;

In previous life, when Li Ka-shing secretly bought Wharf stocks, the stock price was 13 Hong Kong dollars;

In the battle between Bao Yugang and Land, the value of each share was already HK$105;

By analogy, Wu Guangyao wants to win 49% of the red line (not touched the shareholding ratio of the full-scale acquisition), then the remaining 19% of the shares are expected to cost 950 million (calculated based on the stock price of 50 Hong Kong dollars);

If Wu Guangyao wants to privatize the Wharf now, even Wu Guangyao is unwilling to bear the price (5 billion Hong Kong dollars multiplied by 70%, that is 3.5 billion Hong Kong dollars);

According to Wu Guangyao’s idea, first obtain 49% of the equity and drive Jardine from the Wharf Group;

After the stock market crash, the price of privatizing the Wharf will be much smaller.

Wharf Group meeting room.

Wu Guangyao and Shi Jun made their first appearance after becoming directors.

As the chairman of Wharf’s board of directors, Henry Newbiejian, can be said to be 10,000 people displeased with Wu Guangyao and Shi Jun.

Regardless of what Henry Keswick thinks, Wu Guangyao said directly: "Chairman Henry, we have some small opinions on the construction of Wharf Harbor City, and I hope the board of directors will adopt it!"

Henry Keswick didn’t even think about it, and he said: “Mr. Wu, the construction plan for Harbour City has been out for more than half a year. During this time, construction has been carried out in accordance with the plan. It is undoubtedly too late for you to propose now. !"

Wu Guangyao really wanted to give Henry a kick. He just made some small comments. You didn't even think about it, so you just rejected it. It's not clear that he and Shi Jun, the two directors, are a display!

It’s useless to fight more. Anyway, everyone is accumulating energy at this time, or it is quietly acquiring shares.

Henry Keswick rolled his eyes and said, “Mr. Wu and Mr. Shi, I propose to add a director. The Chief Executive of the Land Company, Bedford, will join the Wharf Group and become the executive director.”

Wu Guangyao also refused without hesitation: "The Wharf Group has already added two directors, and it is not appropriate to continue to add to it now! Unless the board of directors gives us two more director seats!"

A group of directors watched Wu Guangyao and Henry Keswick fighting, but did not choose to join in;

At this time, the outcome is unknown, and everyone has nothing to do with them;

It can even be said that if the two speculate on the stock price, some of the shares in the hands of directors will quietly sell.

Next, it was still a battle between Wu Guangyao and Henry, and finally reached an agreement: Land will add an executive director, and Wu Guangyao will add a director, and stationed in the working group to Harbour City, and has the right to propose some construction Opinion.

This is an outpost. Wu Guangyao believes that his goal has been achieved, so he has won; because he can make some amendments to the construction of Harbour City, he also added a director of his own.

And Henry Keswick also believes that he has won, because the director of Wharf has added a position of senior management and also assumed the important position of executive director.

After this meeting, the two sides will experience a brief ‘peaceful coexistence’;

In fact, it's just that the two sides did not initiate a big battle, and everyone will actively buy the remaining shares;

The goal of both parties is the same, that is, 49% control;

As for the equity of more than 49%, that is to start a full-scale takeover invitation. Not to mention that the Land Company does not have so much money, even Wu Guangyao is reluctant to get so much money. (Note: The full acquisition is expected to cost about 3.5 billion Hong Kong dollars.)

The Wharf War is a much bigger battle than the Milk War, so the effect on the Hong Kong Island stock market is even more intense;

The entire market has been affected by Wharf stocks and has begun to rise sharply!

The trend of stock trading has become more popular on Hong Kong Island. Even some housewives have entered the market with banknotes!

‘You want stocks, no money! ’

is the true portrayal of Hong Kong Island at this time.

Thanks to the fleeing soldier for the reward, the author received the first leader!

Plus does not exist!

Haha, kidding, the two days are free, so I owe it first!

(End of this chapter)




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