Chapter 496: Another Attack on Huangpu
Chapter 496: Attack Huangpu Again
As the times change, many hot industries will emerge, but even as a time traveler, Yang Wendong is unlikely to remember all of them. At most, he knows about some big industries or big things.
However, as your business develops, you will gradually encounter many problems. These problems are difficulties derived from social development, and trying to solve these difficulties is also an opportunity;
Container production is far inferior to shipping, real estate, etc. If he thought of it alone one day, he might not necessarily get involved. But now his own shipping and ports are short of containers and it is not easy to buy them, so he can only do it himself and give Changxing Industry a new industry, which may also develop well.
Time soon came to March, and Changxing Industry successfully applied for the land for the container factory, which was located about 3 kilometers from the sea in Zuijiu Bay, Kwai Chung. The area was originally a pond and a hill, and the Hong Kong government directly allocated it to Changxing Industry, charging only 1.5 cents per square foot, which was very cheap.
However, the price is that they have to level the land themselves, but they have no choice because large areas of flat land have already been developed, either for commercial or agricultural use, so how could they have been preserved until now?
Yang Wendong also quickly approved the Changxing container factory project plan with a total investment of HK$1200 million. Wei Zetao also began to order the recruitment of people from Japan and Taiwan, especially those with strong welding skills.
The industrial machinery of the entire Changxing Group was put into operation. Jinmen Construction leveled the land and was responsible for the subsequent factory construction. Changxing Trade and Changxing Industry jointly purchased various fixed equipment and welding equipment from Japan.
A new industry that has never appeared in Hong Kong's history is about to be born. If all goes well, it will bring certain help to Hong Kong's economy in the next 20 to 30 years and provide jobs for thousands of people.
On March 3, Yang Wendong met an old acquaintance at the Four Seasons Hotel;
"Qi Dezun, why are you in such a hurry to ask me out?" Yang Wendong asked while drinking tea.
The person who came was naturally Qi Dezun, the head of Hutchison. Just yesterday, I suddenly received a call from him, saying that he had an important appointment, but he refused to talk on the phone.
Qi Dezun smiled and said, "I'm sorry, Mr. Yang, I'm just being safe. After all, our phones are controlled by the Hong Kong Telephone Company."
"Do you mean that our daily phone calls will be monitored?" Yang Wendong asked.
"Most people wouldn't, but for a big businessman like Yang Sheng, it's hard to say." Qi Dezun said with a smile: "But I don't have any evidence, I just think there is such a possibility. If there is, it is better to be cautious."
"Okay, we should be more cautious." Yang Wendong nodded.
Wiretap is definitely illegal, but who knows what the British company has done. If everyone in this world really abides by the law, there will be no need for the police.
Yang Wendong was actually on guard against this, and some important matters were discussed face to face.
Even Li Jiacheng, Pao Yugang and others in the original history, according to historical records, all made appointments to meet when they launched the acquisition war, because no one knew whether the British telephone company would do something for some benefits.
Qi Dezun continued, "Mr. Yang, I have contacted several shareholders who hold shares of Huangpu Group. The total share they hold exceeds 10%."
"Oh, I remember you also have 8% in your hands, right?" Yang Wendong asked immediately.
Qi Dezun was one of the few people who took advantage of the 67 crisis to buy up large amounts of real estate and stocks, especially after Yang Wendong attacked Huangpu, he also got involved;
Because of the nature of the capital, Yang Wendong and the Hong Kong government have reached a tacit understanding not to make any more acquisitions, but Qi Dezun has no restrictions, so he has been making acquisitions in the past few months.
Qi Dezun nodded and said, "This is all thanks to Mr. Yang's media group, which frequently promotes the benefits of container terminals, causing the stocks of Whampoa Group and even Wharf Holdings to fall a lot."
"This is also what I need to do. The container terminal also needs publicity." Yang Wendong said with a smile.
In the era without the Internet, many people were isolated from information. Even among some export business owners, few people knew what a container was.
Therefore, in order to prepare for the opening of the container terminal in a year and a half, Yang Wendong ordered Changxing Media to frequently publicize and explain what containers are, what their advantages are, how much money can be saved, etc. Another benefit of doing so is that it can provide some extra revenue to Changxing Media, which is already losing money.
With such vigorous publicity, investors and shareholders of Hong Kong terminals will naturally be pessimistic about the future of several traditional terminals. Among them, Swire is not listed in Hong Kong, so it is not affected; Wharf Holdings has many businesses, so the impact is not that big; only the Whampoa Group, whose core is traditional terminals, is seriously bearish.
Qi Dezun added: "Mr. Yang, if I acquire this batch of stocks, I will have nearly 20% in my hands. Together, we will have a veto power."
The limit of veto power is 33.34%, which is 1/3 of the equity. With this right, in most cases, the company can be controlled;
Of course, this is a basic right stipulated by law. Under some artificial circumstances, some investors may be granted a veto power, but generally no fool would do that.
"But having a veto power doesn't mean you can control the company." Yang Wendong thought for a moment and said, "The safest option is to get half of the shares."
Qi Dezun said: "Half is not impossible, but the longer we delay, the easier it will be to be discovered, so it is better to go public directly. In this way, we can publicly offer a high price to buy out some shareholders or stockholders' stocks, and it will be easy to get half of the equity."
"If you do this, everyone will know that you are cooperating with me." Yang Wendong said again.
Hutchison is a listed company, and if I become a director and major shareholder, I need to announce it to the public;
It is obvious that Hutchison followed suit after he invested in Whampoa.
Qi Dezun smiled and said, "So what if they know? We just won't admit it. As for the Hong Kong government, it won't be a problem as long as I manage it in the future.
Another thing is that I think the Hong Kong government will reduce restrictions in this regard, after all, you have already obtained the operating rights of the container terminal."
Although he is British, profit is naturally his first priority when doing business. Yang Wendong supports him so much and makes him the spokesperson for Changxing's assets in the UK, and he can also make huge profits in the process. In this case, he doesn't care about other British assets.
Moreover, the Hong Kong government said that Huaying and Yingying were equal, and he was just executing it. Yang Wendong nodded and said, "That makes sense. You just need to operate and manage everything. My request is that after you control Huangpu, I will send someone to learn all the knowledge about the port.
In addition, before the opening of Kwai Chung Pier No. 1, people from Huangpu will also go there to help. I will settle the expenses incurred by the two companies normally and will not take any advantage. "
There are two purposes for acquiring Huangpu. One is to help the development of its own dock industry, and the other is for the land under Huangpu’s current dock.
Now that Huangpu Wharf is still in operation, it is too early to develop this land. Even if we acquire it, we may not be able to develop it within 5 years. Let's not consider this matter for the time being, and it will be enough to assist ourselves in developing the wharf industry through an indirect control model.
Qi Dezun smiled and said, "Mr. Yang's request is too simple. Of course, there is no problem. However, I also have a request."
"Tell me about it." Yang Wendong said.
Qi Dezun said: "Nowadays, smart people can see that container terminals are the future. If I acquire Huangpu Group, the existing terminal business will also decline. So what I think is that when the Hong Kong government launches a new container terminal next time, Huangpu Group needs to invest in at least one terminal together with Changxing Infrastructure, and the shareholding ratio cannot be less than 30%."
"You're already considering the future of the Huangpu Group even though you haven't even acquired it yet." Yang Wendong asked with a smile.
There is naturally more than one wharf in Kwai Chung. The one Yang Wendong got was just Pier 1. How many container terminals there will be in the future depends on the future economic development.
Historically, Hong Kong had 9 docks, but now it only has one. We need to continue to work hard in the future.
"Those who plan things naturally have to consider the future. I can't just buy it back and watch it decline step by step, right? Huangpu Group only has the ship repair business besides the dock, and the other businesses are not very good." Qi Dezun added: "Besides, cooperating with Huangpu will also benefit Mr. Yang;
I may not like to hear this, but Changxing Infrastructure was able to acquire Kwai Chung Pier No. 1 because of the situation last year. If a new pier is launched in two years, it will be difficult for Mr. Yang to acquire it alone.
"Okay, I promise you, we will work together if possible." Yang Wendong nodded and said.
In the history of Hong Kong, the first few docks were indeed acquired by American and British capital, and the Chinese did not get any. Of course, it may also be because the docks required a lot of capital, and the Chinese at that time did not have such strength.
It’s okay to cooperate appropriately with Whampoa, as they are experienced managers themselves. And in the future, if you acquire Hutchison, all these will still be in your hands.
Qi Dezun smiled and said, "Okay, then I will prepare to take over the stocks and then make this matter public."
"Okay, I'll wait for you until you're almost done, and then I'll vote for you." Yang Wendong said with a faint smile.
Although everyone knows that Qi Dezun represents Yang Wendong, no one can do anything as long as he does not show up in the early stage.
A few days later, many people in the Hong Kong Stock Exchange discovered that the shares of Whampoa Group had increased significantly.
"Huangpu Group's stock had been falling before, why did it suddenly rise so sharply in the past few days? Is someone manipulating the price?"
“Or is someone buying it?”
"Yang Wendong? Didn't he say he would not buy any more Huangpu shares?"
"There is such a saying, but it seems that no one has publicly said it. Maybe it's just a rumor."
"No matter what, there are big capitals buying it, we should catch up quickly, and we can earn dozens of points in a few days."
"Yeah yeah"
Huangpu Group Headquarters:
Edward also got the news and was surprised: "Isn't it possible? Someone is buying up Whampoa shares in large quantities? Didn't Yang Wendong already agree to HSBC and the Hong Kong government?"
"I sent someone to ask Mr. Yang's representative on the board of directors of our company, Fang Xianming, and Mr. Fang said it was not them." The subordinate reported.
"Who else could it be?" Edward frowned.
At this moment, another person hurriedly walked in and said, "Mr. Edward, Hutchison has officially announced that it has acquired 22% of the shares of Whampoa Group and has launched a takeover offer for us."
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(End of this chapter)