Chapter 336: Jardine Matheson concedes defeat
"Mr. Bao, if you were to take over Wharf, what would your plans be?"

"Of course, for Wharf, I think Jardine's planning for it is completely out of touch with the times. Let's take Harbour City as an example. In my opinion, Harbour City occupies the best location in the entire Victoria Harbour."

On the rostrum, facing reporters' questions, Bao Yugang spoke eloquently and detailed his plans for Hutchison Whampoa, while pointing out the shortcomings of Jardine Matheson's arrangements for Hutchison Whampoa.

His remarks were also broadcast in front of many business teams in Hong Kong Island through television stations.

Wharf Holdings' shares are not only in the hands of retail investors, but also in the hands of many businessmen, stockbrokers and securities trading companies in larger quantities.

These people hold stocks not only for the stock's appreciation, but also, in many cases, for the company's development.

Therefore, for them, a good company controller can bring them more benefits.

This group of people often hold a huge number of shares. As long as they get their support, they may not sell all of them, but they will definitely cash out part of it to support one of the parties.

The lost stocks can be replenished in the market later.

A single trade by these people can equal that of hundreds or thousands of ordinary retail investors.

Therefore, when Niu Bijian saw Bao Yugang's speech, he was so angry that he smashed the remote control in his hand towards the TV.

"You want to take over Kowloon Wharf? Dream on!"

"Karl, call the Kowloon Stock Exchange and agree to that person's terms. We will exchange his 300 million Wharf shares for nine shares for one."

Newbijian said decisively at this moment.

"Boss, in this case, isn't it a bit risky to buy land?"

The assistant at the side said hesitantly.

"Twenty-seven million shares account for less than 5% of Hong Kong Land's shares, and our shareholding in Hong Kong is more than 25%. Even if we reduce a part of it, it will still be around 20%."

"This share line is much safer than Wharf Holdings. And you have to think about how much money the other party would have to pay if they wanted to acquire Hong Kong Land?"

"The current share price of Hong Kong Land is still stable, and there has been no large-scale absorption of Hong Kong Land shares in the market."

"Let's not talk about anything else. If they want to have the same share as us, they will have to pay at least 2 billion Hong Kong dollars. And how much money will it take to exceed or even control the land securely?"

“Could it be possible that HSBC will support another Pao Yu-kong to acquire Hong Kong Land?”

"Even with HSBC's support, it is impossible for it to grant such a high credit line. After all, the money in HSBC's hands is limited."

"As long as we keep Wharf Holdings and then buy back the shares of Hong Kong Land, our control over Hong Kong Land will not be greatly affected."

Niubijian said with clear mind at this moment.

The Newbyken and Keswick families had thought about the possibility of the land being targeted.

In fact, ever since Li Ka-shing’s conspiracy to attack Wharf Holdings was exposed, the Newbidding and Keswick families had considered the issue of Hutchison Whampoa.

However, after their analysis, they felt that the authority of Hutchison Whampoa was much greater than that of Wharf Holdings.

The reason lies in the scale of Swire Properties, which is larger than Wharf Holdings and is the giant of the entire Hong Kong Island.

It is impossible to acquire such a giant quietly.

However, it is impossible to make a legitimate acquisition without huge amounts of capital.

Especially the amount of funds required to acquire Hutchison Whampoa. In the whole of Hong Kong Island, it can be said that except for HSBC, no, even if HSBC is included, it would be difficult to come up with that much money.

As for companies outside Hong Kong Island, the Keswick family never considered them at all.

Who among the British and American companies would be so bored as to take a fancy to a real estate company in Hong Kong Island in the Far East?
The crisis will only come from within, from the Chinese capital that is eyeing us covetously.

But now, Hong Kong Island's richest Chinese tycoon, Pao Yu-kong, is competing with them for Wharf Holdings. Other Chinese tycoons, such as Li Ka-shing and Guo Desheng, even if their combined capital is not enough to acquire Hutchison Whampoa.

Now that HSBC has lent a large amount of money to Bao Yugang, the remaining funds are not enough to support others.

As for Standard Chartered and Hang Seng, there might be some hope if they unite.

But the same thing goes, Jardine Matheson holds a lot of shares in Hutchison Whampoa. Unless Standard Chartered and Hang Seng Bank are crazy and willing to go all out, it is impossible for them to forcibly take over Hutchison Whampoa.

This is also the reason why Newby and others dare to continue to exchange Hutchison Whampoa shares for Wharf Holdings shares.

In their view, Swire Properties was as stable as a rock in their hands and it would be impossible to acquire it by force.

After hearing what Niu Bijian said, several subordinates thought about it and realized that it was indeed true.

If Bao Yuguang wants to acquire the land, his funds must at least double what he has now.

But in Hong Kong today, who can come up with four or five billion dollars?

HSBC may be able to empty its own pockets.

"Boss, I'll contact the Kowloon Exchange then."

Mandarin Hotel, when Jim received a call from the Kowloon Stock Exchange, a smug look appeared on Jim's face.

"Vic, they agreed to our request and exchanged the shares of Landmark with us."

"We estimate that we can get about 5% of Hong Kong's shares in this wave. Adding the Hong Kong shares we have been acquiring in recent times, our holding will exceed 10%."

“But Vic, why don’t we trade all of our shares to Jardine Matheson?”

Jim asked curiously at this time.

"Jardine Matheson would be alert, as it would involve too many shares of Hong Kong Land."

"Jim, don't trade with Jardine Matheson as soon as the market opens tomorrow. It's best to wait until the morning to finish this transaction."

"Wait until the market closes at noon before trading with Jardine Matheson."

Li Changhe instructed Jim seriously.

These three million shares of Hutchison Whampoa are not only for exchanging for shares of Hutchison Whampoa, but also serve as bait.

A bait to strengthen Jardine's confidence and prevent them from surrendering too early.

Among these, there are some stocks that Bao Yugang had previously traded to Li Changhe. Otherwise, Li Changhe would not have acquired so many stocks on his own.

"This is simple."

"Also, don't let Yihe see this. Use the right excuses to delay the process."

Li Changhe instructed Jim.

Jim smiled confidently: "Don't worry, I understand. This is a very simple matter for us."

Li Changhe nodded. He believed that with the ability of Jim and his team, this was really nothing.

Next, it will depend on the battle between the two sides.

In fact, Jardine Matheson did not admit defeat. Bao Yugang held a press conference in the morning, and in the afternoon, Jardine Matheson also held a press conference.

At the press conference, Jardine Matheson touted the value of Hutchison Whampoa's shares.

They can't offer more chips now, but they can promote the stock value of Hutchison Whampoa. The current price of 12.2 yuan per share does not mean that the stock price will remain constant. After all, the stock price will rise.

In this way, the actual value of stocks and bonds is higher than Bao Yugang's price of 105 yuan.

In addition, Newby also talked about Jardine Matheson’s new plan for Wharf Holdings, indicating that Jardine Matheson will comprehensively transform Wharf Holdings, etc.

In short, both sides are painting a rosy picture for Wharf Holdings' shareholders, hoping to gain their support.

Time passed quietly as the two companies quarreled over advertisements and press conferences.

Monday, January 1980, 5.

There was already a long queue in front of the purchasing points set up by Jardine Matheson and Bao's.

Because of Jardine Matheson’s surprise attack, Wharf Holdings’ shares have been suspended from trading on the exchange, and shareholders holding the shares can go directly to the acquisition points of both parties to trade.

There was a long queue in front of Bao’s door, and there were actually quite a few people in front of Jardine’s purchasing point as well.

After all, some people do not value cash, but value the Hutchison Whampoa stocks and bonds given by Jardine Matheson.

There is not much difference between the total value of 100 yuan in stocks and 105 yuan in cash. If the stock price goes up, the profits may come back.

As soon as the time came and the door opened, the brokerage companies entrusted by both parties began to quickly calculate the shares acquired by both parties.

Li Changhe led Jim and his team out of the Cultural Hotel and came to a mansion at the foot of Taiping Mountain. This would also be the office location where Jim and his team would have their final battle with Jardine Matheson.

Time passed quietly and soon it was half past ten.

The phone rang soon on the table in the office.

Li Changhe picked up the phone and heard Wu Guangzheng's excited voice on the other end.

"Ayang, Dad said that the bait can be given to Jardine Matheson. Our shareholding has exceeded 40%."

Although there were a large number of people queuing at both trading points, it has to be said that most retail investors still sold their stocks to Bao Yugang.

After all, compared to stocks and bonds, real cash returns are the safest.

As for Jardine Matheson, they actually also vaguely discovered that something was wrong.

Although there were many investors in the morning, not many investors made subsequent transactions.

Most importantly, some institutions and securities firms that hold stocks did not contact Jardine Matheson.

This actually represents a bad trend.

"Boss, there's news from the Kowloon Stock Exchange that the transaction has been completed and we've received another three million Wharf shares."

After hearing the news from his subordinates, Niu Bijian frowned slightly and looked at the clock on the wall.

It's already past eleven o'clock, and the morning trading will be stopped soon.

In addition to the three million shares it has acquired, Jardine Matheson has actually acquired less than two million shares of Wharf Holdings.

In other words, all together, it’s only about 5 percent.

In comparison, the number of transactions on Bao's side seems to be greater than that of Jardine Matheson.

At noon, New Bijian sat in the office, thought for a long time, and then made a phone call.

"Tell me, how many shares has Bao received now?"

Don't assume that all brokerage firms are ethical. Newby is well aware that these people often resell information.

"Boss, one million Hong Kong dollars, I'm telling you this news, this news is definitely worth it for you."

A deep voice came from the other end of the phone, speaking confidently to Niu Bijian.

"Okay, one million Hong Kong dollars, you name it!"

At this moment, Newby didn't care about the one million Hong Kong dollars at all. He had to get specific information.

"I advise Jardine Matheson to give up. Although I don't know the exact number of shares held by the Bao family, they received a full 10 million shares this morning, including transfers from many stockbrokers and stock exchanges."

"If we calculate based on the 30 percent of shares previously held by the Bao family, then the amount they hold now has exceeded 40 percent."

"Jardine Matheson has no chance of winning at all."

After the other party finished speaking, he hung up the phone.

At this moment, Niu Bijian just sat there in a daze.

Forty percent?
How can it be?

Bao Yugang received so many stocks?

Niu Bijian sat at his desk, thinking blankly for a long time.

Then, he picked up the phone dejectedly and dialed London.

Even though it was late at night in London, the call was still answered immediately.

"Mr. Keswick, I'm sorry, but I'm afraid we're going to lose Wharf."

Niu Bijian then told the other party the information he had found out.

After a moment, Newby said helplessly: "Mr. Keswick, the best decision now is to sell as many of our stocks as possible to Bao Yugang."

"His price is enough for us to make a profit of nearly 1 billion."

"With this money, we can not only ease our own financial situation, but also buy back shares in Hong Kong Land and even acquire other companies to make up for our losses."

At this moment, Newbijian made a decisive suggestion to the Keswick family.

Since the situation is hopeless, there is no point in holding on. The best option is to take drastic measures and recover your health decisively.

On the other end of the phone, the head of the Keswick family was silent for a long time.

It was not until Niubijian was about to speak again that the other party slowly said, "Okay, let's do as you think."

"But David, you'd better get enough benefits and then explain it to the board of directors."

"Otherwise, you will take full responsibility for this failure."

After the person on the other end of the phone finished speaking, he hung up.

Newbijian put down the phone and shook his head.

After a moment, he picked up the phone and dialed a number.

In the office of HSBC, Shen Bi was actually also paying attention to the battle for Hutchison Whampoa.

Of course, his attention is more of a watching-the-show kind of attention.

Until the phone on the table rang.

"Hello?"

Shen Bi picked up the phone and asked curiously.

He thought it was Bao Yugang calling.

Unexpectedly, the sound coming from the other side surprised Shen Bi a little.

"It's me, Mr. Shen Bi."

"It's Mr. Newbijian. You called me. What's the matter?"

Shen Bi put away the smile on his face at this time and asked in a gentle tone.

Could it be that the other party is here to question me?

However, given Newby's experience, he would not do such a boring thing.

"Congratulations, Mr. Shen Bi, you won."

"Jardine Matheson can give up Wharf Holdings on the condition that Bao Yugang takes over the shares held by Jardine Matheson."

On the other end of the phone, Niu Bijian said dejectedly.

It was impossible for him to conduct such a large-scale stock transaction through the exchange, as that would mean that Jardines openly admitted defeat, which would be a huge blow to Jardines.

Then the best way is to deal with Bao Yugang privately.

And Stephen Simpson of HSBC was the most suitable person to be the middleman, even if the other party supported Pao Yu-kong and cheated Jardine Matheson.

Shen Bi was slightly stunned when he heard Niu Bijian's words.

He didn't expect that Jardine Matheson would admit defeat so quickly.

So, they feel that they are completely unable to compete with Bao Yugang?

"Okay, Mr. Newbijian, I am willing to help you negotiate with Bao, but I can't guarantee that he will take over Jardine Matheson's shares."

"Hold on for a minute, I'll call you back!"

After Shen Bi finished speaking, he hung up the phone and then called Bao Yugang again.

"Bao, I have good news for you. Yihe has admitted defeat!"

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(End of this chapter)