Chapter 480 The Beginning of the Big Bargain Hunt

Time soon came to the beginning of June, and the same thing happened as in the past. As a result, the entire real estate, stock market, and economy plummeted like a bloodbath.
On the 3rd, Zheng Zhijie and Fang Xianming came to Yang Wendong's office;

"Mr. Yang, this is the data of the properties with heavy debt that we collected in the first half of the year." Zheng Zhijie handed over a document that was dozens of pages thick, and then continued, "Most of them are in Hong Kong Island, and some are in Kowloon Peninsula. The area is not small. I basically didn't collect the properties below 5000 square feet."

Given the scale of Changxing Group, even if it wants to buy at the bottom, it is impossible for it to choose some small properties or residences, unless it is a whole property but belongs to different owners. If there are many properties for sale, it will only be considered.

Yang Wendong took the information and read it carefully. The front of the document was a directory, listing more than 300 properties in total, and the back was an introduction to each property, including location, area, approximate apartment type, current tenant status, etc. These were all handwritten documents, and it looked like a lot of effort had been put into their preparation.

After roughly looking through them, Yang Wendong asked, "Are all the properties inside for sale?"

"About one-third are looking to sell," Zheng Zhijie replied. "The owners of these properties are already heavily in debt because of the properties they own. The banks are demanding repayment, and given the current situation, many people also want to emigrate, so they are thinking about cashing out."

"Only 1/3? This is even less than I thought." Yang Wendong was a little surprised.

He specifically used his banking connections to find a group of people who owned high-quality properties and were heavily in debt. Logically, these people should have a strong desire to sell.

Zheng Zhijie said, "Mr. Yang, one-third is actually a very high ratio. This is just their feedback in less than half a month. As time goes by, and I will also have appropriate contact with them, I estimate that more than two-thirds will sell their properties to cash out."

Fang Xianming next to him also said: "Yes, Mr. Yang, in fact, many newspapers are discussing immigration now, but in fact, only these people are speaking out, and the real immigrants are still a minority; many people will continue to wait and see, and even many British companies have not moved."

"That's true." Yang Wendong nodded and said, "Then, Lao Zheng, follow this list and contact those who want to sell first. After they have bought the properties, gradually communicate with others to see if they can buy them.
In addition, we should always pay attention to the market. Our statistics are not perfect. There are definitely many people or companies that will continue to sell some good properties, especially some British companies with a large number of properties. Their main business is in Hong Kong, so it is impossible for them to move, but they may cash out some properties or industries. "

Although Hong Kong is just a city, it has a population of several million. Even if there are only 10,000 people who own good properties, it would be impossible for us to investigate all their information. Therefore, Yang Wendong arranged a survey half a year ago.

Now that the economy has reached its lowest point and the immigration trend is obvious, there will definitely be many people who will suddenly want to cash out their assets, and these people can only be discovered during this period of time.

"Okay, I'll contact them right away." Zheng Zhijie agreed.

Yang Wendong added: "In addition, Honor Electronics, Carrefour, and TVB have also taken a fancy to some real estate properties before and want to buy them for their future operating needs. You can communicate with them and buy the land they want;
Earlier, I asked them to find more land to avoid the possibility that the owners of the land they like will not sell it. You can communicate with them. If you find that they are all selling, then you can buy them all. You can hold them for the time being if you don’t need them for the time being. ”

Since we know there will be such a crisis, we are naturally prepared for it. We can also acquire more properties. The properties that are favored by our subsidiaries are basically good in all aspects.

"No problem." Zheng Zhijie nodded.

Yang Wendong looked at Fang Xianming again and said, "Old Fang, the stock market is also plummeting now. You also need to prepare. The first thing is to acquire the Golden Gate Group. I want his construction company and the Golden Gate Building in Central. If you are allowed to secretly acquire them in the stock market, how much can you acquire without being discovered by outsiders?"

Fang Xianming replied: “If it is just the stock market, it is about 15%. Now many people are in the mood to cash out their stocks. Just like real estate, it will be easy for us to acquire them. In addition, the increase in trading volume will lead to a proper increase in stock prices, which will only make some people sell their stocks.

However, there is a limit. Once the trading volume and stock price rise too much and form a very obvious contrast with other stocks in the entire market, it will arouse suspicion.

If you want to get more shares, you can either contact the multiple shareholders of the Golden Gate Group or directly contact the Golden Gate management, which is equivalent to a direct acquisition. "

"Okay, then we'll buy stocks on the stock market first." Yang Wendong nodded and said, "When we're almost there, we'll talk to the shareholders, and finally to their management. Only when we have bargaining chips in our hands, will Kinmen's management agree to our request."

You have to do things step by step. If you don't have any stocks in your hands, then if you want to acquire the other party, it's fine if the other party agrees, but if they don't agree and are on guard, then you may have no chance.

"Okay, I'll make arrangements to start buying stocks on the stock market right away." Fang Xianming agreed.

Yang Wendong nodded and said, "Then the second target is the Huangpu Group." "Huangpu?" Fang Xianming paused and said, "Mr. Yang, didn't you plan to let Hutchison acquire the Huangpu Group?"

Yang Wendong said: "Yes, Huangpu is special in that the stock market has relatively little circulation, so it is most convenient to let Hutchison, a British-owned foreign company, conduct a friendly acquisition, but this does not affect my acquisition of some stocks;

Just like the Golden Gate Group, they first acquire shares on the stock market, then contact the other party's shareholders, buy shares first, and then get a board seat;

The Whampoa Group owns a port, which is the core industry of the Hong Kong British government and the British financial group. I will first test the Hong Kong government by acquiring a share and a board seat.
If they don't agree, then we can cooperate with Hutchison in the future. I think Qi Dezun would also be very happy to see me and him control Hutchison together."

ZZ needs to be tested. If it was before 66, he would not have deliberately tested it, but now it is 67 and the British Hong Kong government is even thinking about packing up and returning to Britain. Now is the time for him to gradually test the bottom line of maintaining British interests.

At this time, Zheng Zhijie also said: “Mr. Yang is right, it is also good for us to take down a director first;
As for Hutchison, he can run it himself. Qi Dezun is very capable and will not lose money. I heard that he started to acquire properties and other British companies on a large scale as early as the beginning of this year. His views are obviously the same as ours. "

"That's why I wanted to invest in him. Although Qi Dezun is British, he really built his business from scratch. He's much better than the Keswick family." Yang Wendong nodded and said, "Old Fang, you should also pay attention to Hutchison. His funds should also be limited. If he raises additional shares for financing, then we should also invest a little bit and increase our shares to maintain a 20% ratio."

Regardless of what happens to Whampoa Company, Hutchison itself is now a very high-quality investment target, because in history, Hutchison acquired Whampoa in the late 70s when it was controlled by HSBC. Before that, under the leadership of John Smith, Hutchison's stock value increased from less than HK$72 million in the early days to an astonishing market value of HK$70 billion at the end of , almost threatening Jardine Matheson's position as the number one conglomerate.

However, it is not true that the stock price has really increased by nearly a hundred times, but rather that it has been continuously raised to dilute shares to obtain funds. Therefore, as a major shareholder, Yang Wendong's shareholding ratio will also decrease if he does nothing. While the stock price is low now, he naturally has to ensure that his share quota remains unchanged.

Fang Xianjue agreed and said, "No problem."

Yang Wendong continued, "The fourth goal is that I want you to secretly acquire the shares of Jardine Matheson, Hong Kong Land, and Wharf Holdings."

"Jardine Matheson Group?" Fang Xianming and Zheng Zhijie's faces changed drastically, and they asked, "Mr. Yang, what do you want?"

"Don't worry about that, just buy some stocks." Yang Wendong shook his head and said, "And this will be a long-term plan, we will take our time, it may last for many years, so this year we just need to buy more while the stock price is low. The core goal is to achieve our goal without alerting Jardine Matheson's management."

Among British-owned companies in Hong Kong, apart from the "quasi-central bank" HSBC, the best assets belong to Jardine Matheson and Swire. The latter is 50% controlled by their family, so it is not considered. The former controls Hutchison Whampoa and Wharf Holdings, which are enough to make anyone jealous, with a large number of properties in core locations in Hong Kong Island and Kowloon Peninsula.

Any Chinese person would like to take over Hutchison Whampoa and Wharf Holdings. In history, both Li Ka-shing and Pao Yue-kong had tried to do so, so naturally I would have done it earlier. 67 was a good start.

"Okay, no problem." Fang Xianming agreed.

He also understood what his boss meant, which was to plan for the future. However, Jardine Matheson could be said to be the largest British financial group under the British Hong Kong administration, and its strength was no less than that of Changxing. It would be easier said than done to acquire the company. Even if Changxing Group developed better in the future, how could it pass the test of the British Hong Kong government?
"There is one last goal." Yang Wendong paused and said, "I want you to acquire Dairy Farm International's shares."

"Mr. Yang, do you want to acquire Dairy Farm International?" Zheng Zhijie said, "Although Dairy Farm was once a British company, it has been controlled by Sir Zhou Xinian in recent years and is considered a Chinese company.

Dairy Farm International has a lot of high-quality land, and if we acquire it, it will be very helpful to our Changxing Real Estate."

"In addition to real estate, Dairy Farm International's milk, ice, food and other industries are also of great help to Watsons." Yang Wendong nodded and said, "First, we will buy shares. We will see how things develop in the future. Zhou Xinian is very prestigious in Hong Kong. If we launch a hostile takeover of him, it will have a very bad impact."

From the perspective of interests, Dairy Farm International is definitely a very good asset, otherwise Swire Properties would not have spent a huge price to acquire it a few years later. But now Yang Wendong can be said to be a representative of the Chinese business community, and it would not be appropriate for him to be ruthless to the Chinese consortium.

There are many ways to make money, but it takes a long time to maintain a reputation. This is why many businessmen spend a lot of money on fame after they become rich.

There will be no problem in becoming a shareholder of Dairy Farm International first. As for how to plan later, it depends on whether Swire Properties will do the same.

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(End of this chapter)

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