Chapter 337 It's My Time

In the office, Bao Yugang was a little surprised when he heard the call from Shen Bi.

How long has it been?

Just this morning, Jardine Matheson admitted defeat?

"Michael, are you saying that Jardine Matheson has given up?"

Shen Bi's English name is Michael Sandberg, and usually only people who are very close to him would call him that.

"Yes, Newby called me just now and said that Jardine Matheson has admitted defeat and they can give up Wharf."

"However, he has one condition, which is that you have to take over the shares of Wharf Holdings held by Jardine Matheson."

Shen Bi told Bao Yugang about New Bijian's conditions.

After Bao Yugang finished listening, a smile appeared on the corner of his mouth.

I never expected that Jardine Matheson was so weak that he surrendered after just fighting for the whole morning.

Moreover, just as Ayang said, he wanted to sell the stocks in his hands to Bao’s.

"Michael, you know, I can't take over all of Jardine's shares because I can't take such a large share."

Bao Yugang said to Shen Bi without hesitation.

Shen Bi smiled on the other end of the phone: "Of course, so I didn't agree to Niu Bijian right away."

"Yihe's current idea should be to use this opportunity to recover. I think you can show some goodwill appropriately."

"Okay, then I'll wait until the market opens in the afternoon, count the Wharf shares I bought, and then give Jardine Matheson a reply."

Bao Yugang said with a smile.

Afterwards, Bao Yugang hung up the phone, thought for a moment, and then picked up the phone again.

In the villa, Li Changhe was a little surprised when he received a call from Bao Yugang, but he still drove to the headquarters of Global Shipping.

After all, this place is not far from Taiping Mountain, and it takes less than ten minutes to drive there.

"uncle!"

"sit"

After Li Changhe sat down across from Bao Yugang's desk, Bao Yugang said directly: "Jardine Matheson has admitted defeat."

"So fast?"

Li Changhe was a little surprised. It had only been the morning and Jardine Matheson had already admitted defeat?

"Newby is an old fox. Jardine Matheson has worked in Hong Kong Island for many years. He has acquaintances in various exchanges."

"I guess he learned about our acquisition from the exchange."

"So he called Shen Bi and told us that Jardine Matheson was going to give up and asked us to take over the shares held by Jardine Matheson."

"When do you plan to take action?"

"This afternoon?"

Bao Yugang asked Li Changhe seriously.

"I think we should wait until you, uncle, finish the deal with Jardine Matheson before we take action."

"Tonight, I will arrange for someone to place an advertisement and start purchasing shares of Hong Kong Land tomorrow."

"The main reason is that Shen Bi is involved in this. Uncle has to give face to HSBC."

Li Changhe didn't expect that Niu Bijian would let Shen Bi act as a middleman to pass the message.

In this way, Bao Yugang could not deliberately delay Jardine Matheson's time on the Wharf shares, unless he intended to completely break off with HSBC.

But this is impossible because Bao Yugang has too deep a connection with HSBC.

"I am also thinking about this question. How much Jardine Matheson shares should we take over?"

"The amount can't be too high. If it's too high, it might affect you. But it can't be too low either. If it's too low, Shen Bi won't be able to justify it."

Bao Yugang tapped the table lightly with his fingers and said thoughtfully.

Hearing this, Li Changhe smiled and shook his head: "Uncle, in fact, even if we give Jardine Matheson 10 billion Hong Kong dollars, it will not have much impact on the overall situation."

"The price I plan to offer tomorrow is 15 Hong Kong dollars per share."

"If Jardine Matheson follows suit, it can buy a maximum of 6600 million shares for HK$ billion, which is about % of the total share capital."

"Even if we add the remaining shares held by Jardine Matheson, they barely have 30%!"

"And if Jardine Matheson raises its stake, I will raise the purchase price."

"Zhidi is dead!"

Li Changhe said confidently.

Although Swire Properties is a behemoth, it is precisely because of this that too many of its shares are scattered in the stock market.

More than 70% of the shares are floating outside, which also means that the price of Hutchison Whampoa's shares will not skyrocket like that of Wharf Holdings.

The reason why Wharf Holdings' stock price rose from a dozen yuan to one hundred yuan was that its intrinsic value was only around fifty yuan. In addition, its circulating shares were too small, with a total share capital of only 100 million shares. Scarcity made things valuable, so everyone scrambled to get them.

But it is different for Swire Properties. After the Dairy Company split its shares into two for one and then five for one, its total share capital far exceeds that of Wharf Holdings.

Therefore, because there are too many shares in circulation, it is impossible for Hutchison Whampoa's shares to soar to the sky like Wharf Holdings Group's shares.

15 yuan per share is already much higher than the share price of Hutchison Whampoa.

Of course, 15 yuan is just the beginning for Li Changhe. This time, he not only wants to buy land, but also bleed Jardine Matheson.

Li Changhe would not be happy if Jardine Matheson sold the shares and took the money away happily.

"It is still too dangerous to allow Hong Kong Land to repurchase more than 10%. How many shares of Hong Kong Land does Jardine Matheson hold now?"

"It should fluctuate around 20%. It's hard to say exactly. I just got 27 million shares from Hong Kong Land."

Li Changhe said thoughtfully.

"Then Jardine Matheson's shareholding in Land Development should be less than 20%. Don't forget that he has also exchanged a lot of Wharf shares these days."

"Two shares for one. Even if he traded 10 million Wharf shares, he still sold nearly 20 million Hong Kong shares."

"The shares they hold in Hong Kong Land must be less than 20% now."

Bao Yugang said firmly.

Li Changhe calculated that in this battle for Hutchison Whampoa, Jardine Matheson sold nearly 50 million shares of Hutchison Whampoa, which is close to 10%.

"In this case, I can lend Jardine Matheson 400 to 500 million yuan."

“Even if they all used it to buy back Hong Kong Land’s shares, they would only be able to buy back less than 10 percent.”

Bao Yugang said after careful consideration. In fact, how many shares of Wharf Holdings to acquire was entirely up to Bao Yugang.

He can also absorb shares above the 49 line, as long as he divides the shares into two companies, there will be no impact.

"It's all right. I think you can just discuss this with Shen Bi. It won't affect the overall situation anyway."

"Jardine Matheson doesn't have many cards left now."

Li Changhe said with a smile.

This was actually a hostile takeover by Li Changhe, as he did not communicate with Jardine Matheson at all.

But there is no way, since it was Jardine Matheson who gave me the opportunity.

Of course, there are ways to deal with a hostile takeover of Jardine Matheson, such as issuing new shares, increasing the total share capital, and diluting the shares absorbed by Li Changhe.

Targeted additions, such as to other companies of Jardine Matheson.

Another example is introducing a white knight to increase the acquirer's competitors.

These methods are all ways to deal with hostile takeovers, but as the saying goes, in the financial market, it’s all about money in the end!
Jardine Matheson has no money and Swire Properties is too big, so there are few third parties who are qualified to get involved in this matter.

Li Changhe now wants to use money to kill Jardine Matheson.

"Okay, then go and prepare. I'll talk to Shen Bi again."

"Okay, uncle, then I'm going to contact all the major newspapers."

Li Changhe then stood up and walked out.

Next, it's his turn!
Hong Kong Island, Ta Kung Pao office.

The manager looked at the time and frowned slightly.

"It's strange. Why haven't Bao's and Yihe sent anyone to contact us to advertise today?"

Generally speaking, these advertising companies have to confirm the advertisement space this afternoon and then publish it to readers across Hong Kong tomorrow morning.

So according to common sense, people from Jardine Matheson and Bao’s should have started contacting them by now to get on the headlines tomorrow.

But today, neither party contacted them, which made the editor feel a little strange.

In the past few days, because these two tigers were fighting for Hutchison Whampoa, they made a lot of money from their advertising space.

"Manager, could it be because they have already decided the winner?"

"I think the 105 yuan price of Baosheng is much more attractive than Jardine's shares. After all, it is real cash."

"Hudoli Company sent a financial officer directly there and gave the money on the spot."

(Huodli is the financial company under HSBC)
"But this is too fast. It's only been one morning and Yihe has given up?"

"Jingle Bell!"

Just as a few people were chatting, the phone on the manager's desk rang.

"What a coincidence! Before I knew it, the phone call came."

"Do you think it belongs to Bao's family or Yihe's family?"

The manager smiled and made a bet with his subordinates, then picked up the phone.

"Hey, Leihou!"

Soon, the expression on the manager's face began to become strange.

"Yes, it's still there!"

"Okay, I'll wait for you in the office."

The manager put down the phone with a strange look on his face and sat at the table in a daze.

"Manager, what's wrong?"

An employee looked at the manager and asked curiously.

"That's weird. The person who called wasn't Jardine Matheson or Pao's, but a securities brokerage company."

"He asked if our advertising space was still available and would arrange for someone to come and discuss the layout with us later."

The manager said somewhat puzzled.

The people below were also a little surprised.

Jokes aside, at this point, Jardine Matheson and Pao's haven't called each other yet. Has the winner really been decided?

"Manager, TVB news just reported that shipping tycoon Bao Sheng has issued a statement that he has acquired enough shares of Wharf Holdings 49 and will not purchase any more Wharf Holdings shares in the future."

At this time, a staff member hurried in and said to the manager.

"What, you've collected enough so soon?"

"How can this be?"

"No wonder they stopped advertising. Jardine Matheson has admitted defeat!"

"There is only one reason why Bao collected all the stocks so quickly: a major shareholder offered him a large number of shares."

"It is obvious that Jardine Matheson has made a bold move and given up Wharf Holdings."

The manager speculated at this moment.

Otherwise, it would be hard to explain how Bao received 20 million shares in just one morning.

too fast!
"But fortunately, we still have advertising today. Everyone, cheer up and wait for new customers to arrive."

"Also, write an article about the Bao family taking over Wharf Holdings immediately and publish it tomorrow."

Following the manager's words, the entire newspaper office immediately became busy.

If nothing else, it has definitely been a topic in the news these days.

Just when the entire newspaper office was busy, a foreigner came to the newspaper office with two people.

"Hello, we need to book the headlines for tomorrow morning's advertisement."

Then, the other party paid the price quoted by Ta Kung Pao without any hesitation.

Then, the foreigner took out a document and handed it to the manager.

"This is the content of tomorrow's advertisement. Please publish it on time."

"Ok, no problem."

The manager took the manuscript curiously, opened it and took a look. The next second, he was stunned.

Is this going to blow up everywhere?
(End of this chapter)