Chapter 546 Indirect Plot against Dairy Farm International
Chapter 546 Indirect Plot against Dairy Farm International
The issue of the wharf will have to wait until next year's auction to get an answer, so we just need to prepare the funds now. As for funds, in the whole of Hong Kong, except for HSBC, no other institution can compare with Changxing Group.
Time soon came to the beginning of December. On this day, Changxing Group welcomed a guest, and Yang Wendong also received him personally;
"Hello, Mr. Li." Yang Wendong shook hands with the visitor and smiled.
There are many people with the surname Li in Hong Kong. In the past life, there were two people with the surname Li among the four major families. However, the people who came today were not these two, but another person who played an important role in the financial field, Li Fook-shu, who was the founder of the Far East Trade Fair and the head of the four major exchanges in Hong Kong after their merger in the future.
Li Fushu smiled and said, "Hello, Mr. Yang. I have heard of your name for a long time. My brother has mentioned you many times as well."
"Haha, you're welcome. Please take a seat." Yang Wendong greeted.
Li Fook Shu naturally did not start from scratch. His father, Li Shipeng, was one of the founders of the Bank of East Asia. The Li family had three sons, each with his own strengths. Li Fook Shu did not inherit the family bank, but worked in an overseas bank. After returning to Hong Kong, he found that it was difficult for Chinese companies to be listed in Hong Kong, which was controlled by British capital, so he planned to establish a Chinese exchange.
After the two exchanged pleasantries for a while, Li Fushu said directly: "Mr. Yang, you also know that the Far East Exchange is about to be established, so I would like to invite Changxing Group or your subsidiary to go public at the Far East Exchange."
"In the short term, Changxing Group will not be listed." Yang Wendong shook his head and said.
He also guessed Li Fushu's purpose in looking for him. The only thing they could discuss was this kind of financial cooperation.
If you don't know the future and have to do everything the same as other normal businessmen, you might consider going public for financing, reducing risks, increasing capital scale, etc. But if you go public when you know the future, it would be tantamount to doing charity.
Li Fushu asked in confusion: "Mr. Yang, I know Changxing Group is not short of money, but after going public, it can use financial means to make more money. Otherwise, there are so many large companies in Europe, America and even Japan, many of which are not short of money, but they are basically all listed."
"I know. What I mean is that I won't go public for the time being. I'll talk about it later when I need to." Yang Wendong didn't say anything final.
If one day the golden fingers of some prophets are of little help and other capital resources are needed, then perhaps it is possible to consider financing and listing;
Another benefit of going public is that it binds many people, which makes it more convenient to do many things.
But in general, it is definitely not needed at the moment.
"No one?" Li Fushu still asked unwillingly: "Mr. Yang, the Far East Club is a Chinese exchange, and all Chinese people hope that it will be a success, so I also hope that a well-known and potential enterprise will go public;
In the whole of Hong Kong, Mr. Yang, your company is the only one that is very suitable. I promise to do enough publicity so that your company's market value will increase significantly after listing and you can also raise enough funds."
"No need to persuade me, I won't go public." After Yang Wendong finished speaking, he saw that Li Fushu was a little disappointed, so he said, "But if Mr. Li is thinking that Far East will become a hit, I can help with this."
Li Fushu immediately became interested: "Mr. Yang, how can you help?"
Yang Wendong said: “The requirements for this one to become famous are very simple, either a large company is listed, similar to Jardine Matheson in 61, with a record-breaking stock price and many people becoming wealthy;
If there were no such large companies, then as long as some of the listed companies achieved good results, each of them raised a lot of funds, and the shareholders who participated in it also made a lot of money, then they would naturally become popular;
As long as the first day goes well, more companies will come to the market and more investors will participate. Isn’t this a positive cycle? "
The essence of the financial game is actually confidence. Just like real estate, as long as everyone believes that they can make money, even Bitcoin, which has no value at all, can be hyped up to be worth a fortune.
If the market has no confidence, even the best stocks will plummet. For example, in the past A-shares, there was a stock whose market value was less than its company's annual net profit. It was outrageous, but it was reality.
Li Fushu was also a smart man, and asked, "Mr. Yang, do you mean that you will buy a large number of stocks of listed companies on that day?"
"Yes, but not every one of them. I will also have choices." Yang Wendong said with a smile.
Li Fushu asked, "Which companies do you think Mr. Yang is optimistic about? I'll send the information over right away."
Although he failed to convince Yang Wendong to list his company, if Yang Wendong was willing to invest enough funds on the same day to raise the stock price, it would be of great help to his career.
"No need. Your company information has been made public a long time ago. I have it all here." Yang Wendong added, "But your association should pay attention to one issue and verify the accuracy of some company information. Otherwise, if false information appears, investors will suffer heavy losses."
Yang Wendong was naturally very clear about the future giant companies in Hong Kong, but he could not remember the medium-sized ones;
Therefore, he would not invest in traditional industries or even manufacturing unless it would help his business. However, real estate companies are relatively less risky, especially those with a lot of land.
These small companies are not worth sending people to negotiate with, but if these companies go public, there is no problem in acquiring some of them at the same time.
"Okay, I will also pay attention to this." Li Fushu said with a smile.
After a while, Li Fushu left, and Fang Xianming, who was in charge of Changxing Finance, came over. Yang Wendong told him what happened before. "Don't worry, Mr. Yang, I have also prepared the funds, and the target is also 6 real estate companies, they all have some good properties." Fang Xianming said.
Yang Wendong nodded and said, "Okay, let's focus on the real estate company first. As long as the company doesn't have any major problems, it'll be fine. I won't hold it for a long time anyway."
Before the next round of stock market crash, he will naturally sell non-core stocks; however, it is unclear when the next stock market crash will occur. History may be deeply influenced by it. All we can say is that you can sell them when the Hang Seng Index rises to a very high level. In any case, just don't make the last penny.
"Yes, Mr. Yang." Fang Xianming agreed.
Yang Wendong asked again: "How are the stocks of the companies we acquired before?"
Fang Xianming replied: "Among the stocks of several companies we are currently eyeing, Dairy Farm International has acquired the most shares, with a total of 10.1%. Wharf Holdings is second, with 7.9%. Hong Kong Land and Jardine Matheson Holdings both hold a little over 4%."
"Has Wharf Holdings Limited raised funds recently?" Yang Wendong asked again, "I remember that Wharf Holdings Limited's profits in the past two years have not been very good, right?"
Traditional British companies are very conservative in their operations, mainly making money by collecting rent. Even if they see that real estate is very profitable, they dare not borrow too much, but use the profits from renting to develop their own land.
This efficiency is simply amazing. In addition, he is not very good at real estate operations. Although he did not lose money in the end, he does not have the ability to make a big profit.
Hutchison Whampoa was one of them. In order to develop the large amount of real estate in its hands, it had increased its share capital for financing many times in its history. This also laid the groundwork for Li Jiacheng's later surprise attack and competition with Pao Yue-kong.
Fang Xianming replied: "Not yet. The wharf and warehouse of Wharf Holdings are still very profitable, that is, the profit margin is low, but the scale is large and the base is large, so the profit is still good."
"Okay, then let's wait and you continue to make the acquisition in a low-key manner." Yang Wendong nodded and said.
If Wharf Holdings raises additional capital, it will give itself the opportunity to acquire a large number of shares, and even launch a takeover campaign in advance as long as the goal is achieved;
But now we still don’t know what history will look like because of his influence, so we can only take it one step at a time.
"I understand." Fang Xianming continued, "Mr. Yang, what about Dairy Farm International? We have acquired 10%. If we want to continue to purchase on a large scale, we have to try to contact their shareholders.
This process is difficult to control and could easily alert Sir Zhou."
"Joseph Zhou is a man of high status and he is Chinese. It is indeed difficult for us to forcefully acquire his company." Yang Wendong thought for a moment and said, "I remember that Maxim's Foods has also started a refrigerated ice-making business, right?"
Maxim's Group is a food service company that Yang Wendong personally decided to participate in in his early years. Its main businesses are bakeries, coffee shops, high-end restaurants, etc., but the Hong Kong market is so small that it can easily reach its upper limit. At this time, if companies want to develop further, they must either go overseas or enter similar businesses in Hong Kong. Obviously, most companies will choose the latter.
The same goes for Maxim's Foods, which has chosen to venture into various other merchandise businesses, which naturally includes beverage ice making, which is an eternal business in Hong Kong because the summer temperature is high and the duration is long.
"Yes, except for not delivering milk, Maxim's other businesses are in great conflict with Dairy Farm International." Fang Xianming understood immediately: "Mr. Yang, do you want Maxim's to compete with Dairy Farm International on a large scale, thereby lowering Dairy Farm International's stock price?"
"Yes, this is feasible in theory." Yang Wendong nodded.
It would be inconvenient for him to forcefully acquire Chinese-owned enterprises when the British capital had not yet been dealt with. This would only alienate Chinese capital in Hong Kong and make British capital sit on the sidelines. Anyway, it was not a very urgent company that needed to be acquired in a hurry.
But not having a malicious takeover does not mean there will be no competition. In the field of competition, everything is fair. It is impossible that just because one Chinese company does a certain business, other Chinese people will not do it. How is this possible?
However, there is no need for Changxing Group to be involved personally. It can just arrange its own investment company to go. The two brothers of the Wu family of Mei Xin are also professionals in this field.
Fang Xianming immediately said: "Then I will contact the Wu brothers right away."
PS: Ask for monthly ticket
(End of this chapter)