Chapter 651 Container Terminal Opening
"The land whale swallows milk" is the core report of Hong Kong's mainstream newspaper media on May 18, marking the beginning of the acquisition war that lasted about a month;
Many reporters began to interview local land or Jardine Mathematics executives like flies, while others were interviewing Zhou Xinian, the former chairman of the milk company, but most of them were turned away;
After entering the 1970s, with the Western concept of "freedom of interviews" gradually entering Hong Kong, many reporters began to use any means to report. Celebrities in the entertainment industry were the first to be brutal. The rich class is better for the time being, but compared with the past, it is not so casual.
At the end of May, Land continued to exchange shares for stocks for about ten days, and acquired the milk company's shares to 90%. Then it applied for privatization to the Supreme Court of the Hong Kong Government and carried out compulsory acquisitions of the remaining shareholders;
In other words, there are still 10% of the stocks outside, but these stocks no longer have the value of "stocks". Instead, they simply become cash that can be exchanged for at any time according to the previous acquisition amount, and they have no rights anymore;
This is also to ensure the interests of the company. Otherwise, no acquisition can be acquired 100%. This law is also effective for real estate. For example, if 90% of people in a place agree on a demolition price, the court will force a mandatory price of the remaining 10%, avoiding the emergence of extreme nail owners.
After successfully acquiring the milk company, Henry Kessek immediately arranged someone to communicate with Changxing Real Estate, and sold the milk company's ice factory in Causeway Bay to Changxing Real Estate at a very low internal price. However, because the ice-making business was of some help to Watsons, it was then transferred to Watsons's, which was not yet developed.
Since then, everything has been settled, and the first large-scale malicious commercial merger and acquisition in Hong Kong's history ended with a perfect and successful conclusion of Land.
Fang Xianming brought a stack of information to find the boss in Changxing Group headquarters building and said happily: "Yang Sheng, this time Land Land has eaten milk. We used the help of stock exchange for stocks and successfully acquired 3.32% of Land Land Group shares in one month."
"3.32%, then, including our previous shares, how many shares do we have in total now?" Yang Wendong asked.
Many years ago, Yang Wendong arranged for Changxing Financial to gradually and slowly acquire stocks of Land, Hutchison Whampoa and Milk International, but it was mainly Hutchison Whampoa stocks. Relatively speaking, the other two stocks have not invested so much, and the company of Land is larger and is also limited by funds, so the proportion of stocks is definitely much lower than that of Hutchison Whampoa.
Fang Xianming replied: "At the beginning of the year, we had about 5.5% of Land Stocks, but now we counted almost 8.9%."
"That's fine." Yang Wendong nodded and asked again: "The price of Land's stock has begun to fall recently, right?"
In order to save money, Land Land specially bought its own company's stocks to facilitate exchange for more milk company stocks;
But if you want to maintain your high stock price, in addition to sending various news, you also need to invest real funds. Now that the milk company has obtained it, it will naturally not invest in this area, and the stock price will naturally fall normally. Even Land may take the opportunity to cash out and make another leek.
Fang Xianming said: "Yes, the stock price has fallen a bit hard. Do we still need to continue to acquire?"
"We will definitely buy it in the long run, but since we know that the stock price will fall, we will be stupid if we buy it again." Yang Wendong smiled and said, "Take the opportunity to cash out part of it, and the price will be more severe. Once the market panics, the selling will be more severe, and the price will fall even harder, then we will take the opportunity to buy it, and it will not be easy for outsiders to discover it."
If you just want to make a simple arbitrage, you will naturally have to sell it slowly. However, considering that Land Land or some other smart people will have the same idea of cashing out, this trick probably won't work, and everyone may be thinking about running.
So cash out quickly as soon as possible and lower the price, you can take the opportunity to acquire a large amount of money and not attract too much attention. After all, this is too messy.
"Okay, I'll make arrangements right away." Fang Xianming asked immediately, "What about Hutchison Whampoa? I bought another 2% of the stock while everyone was looking at Land and Milk. The proportion we held was close to 29%.
"Wait a little longer, let's take a look at the actions of He Huang first." Yang Wendong said after thinking for a moment.
In history, the stock market crash in 1973 was shortly after the land drinks milk. A large amount of funds were active, which triggered a crazy surge in the Hang Seng Index and then the bubble burst;
But now, due to various reasons, the land drinks milk for half a year in advance. He is not sure when the stock market crash will break out, but the Hang Seng Index is nearly 800. Although it seems to be far from its former peak of 1,700, Yang Wendong also knows that the last madness will be for a few months;
In addition, once Hutchison Wong attacks Hong Kong, the variables will be even greater. It doesn’t matter if you wait a little longer. With the shares of Hutchison Whampoa that you hold now, you are basically inconsistent with them. At worst, you can be more ruthless like Bao Yugang in history. You can also succeed in high-priced acquisitions. Of course, there is no need to do so unless you have to.
As Land Land's stock price gradually declined, a panic mentality once again appeared in the hearts of the people. At this moment, many people realized that they were cheated by Land Land, and many people went to Land Land's headquarters to cause trouble, but they were naturally suppressed easily;
There is no reason for these people. Stock trading is free. If the price increases, you are happy at home alone. If the price drops, you come over to ask for an explanation?
After entering this industry, everything is to win or lose. Not to mention that Land Land is not illegal, even if it is a huge fraud like the future Jianing Group, Chen Songqing was only punished by abuse. When he entered the market to play games with the capital tycoon, he even thought that he could make money from the tycoon, he was destined to lose.
So it is better for normal people not to touch the stock market. For example, if you don’t go in and play in the mainland in the past, you will win 95% of the people who entered
However, the decline in Land Land's stock price is a return of normal value, and it has no impact on the entire Hong Kong stock market or the Hang Seng Index. Land prices are still rising. The stock prices of too many real estate companies with properties naturally also rise. Most investors can still make very high profits from it, although they are all paper data;
In consumer places such as Central, Admiralty, and Causeway Bay, there are crowds of people and traffic. Seafood and abalone are often in short supply, and the nearby taxis are seriously insufficient. If you want to get a taxi, you must have a ticket in your hand while waving your hand. This is a tip to the driver alone.
Today, there are too many rich people in Hong Kong, and all kinds of hotel services are not enough.
It was soon June, and Hong Kong ushered in another happy event. Several container terminals that began to be built two years ago began to open one after another. The spring of Hong Kong's industry has arrived. "The price has dropped a lot, but unfortunately, it has not been monopolized for too long." Yang Wendong smiled and said with a smile at the freight price of the latest container.
Zheng Yuhua said: "Yes, at the beginning, we were only one dock, and so many factories in Hong Kong needed containers, so the prices were naturally very high, and the profits we made were also very high;
Nowadays, several other wharfs have also opened, and under competition, prices will naturally drop. ”
It’s not that Changxing Group insists on sucking blood in some factories, but under the free market, an early container terminal was not enough to meet the demand of the Hong Kong market. So many factories had to transport goods through containers. In the shortage of supply, they could only raise prices. Otherwise, what method would be used to decide whose goods to transport?
Now that there are too many docks, the prices will naturally return to normal.
Zheng Zhijie also said: "Yes, the good days are over, and the Hong Kong government has also begun to investigate the operation of the terminal. They will limit their absolute monopoly. Like water, electricity and gas, the terminal will also become a part of infrastructure."
"Well, normal, the Hong Kong government should do the same." Yang Wendong nodded and said, "And if the Hong Kong terminal charges too high, in the long run, it will only damage the industry and trade industries. We should also look far."
Although there are many monopoly companies in Hong Kong and there is no antitrust law, the Hong Kong government also has control measures for such matters;
For example, there are several licenses, and they will be issued to different companies, and the profit margins of monopoly companies will be restricted through investigations. For example, the two major power companies do not raise prices just by wanting to increase prices. Every price increase must be evaluated by the Hong Kong government. Although there may be some tricks in this, it is much better than the government regardless of it.
The same is true for wharfs. If several wharf companies dare to negotiate to raise prices together, they will definitely be cleaned up by the Hong Kong government. Even in other countries, wharf infrastructure will definitely be strictly controlled. Even if merchants have a certain degree of freedom, they cannot do it at will. Otherwise, Hutchison's previous life would have controlled so many wharfs that would have increased the prices to the sky.
Zheng Zhijie said: "Yes, with more containers, industrial transportation is much more convenient. In addition, global freight rates have also dropped a little recently. Hong Kong's industrial development is better than before, and even the industrial land has increased a lot."
"Industrial land is indeed a good investment. You can continue to invest appropriately." Yang Wendong said.
Although it is uncertain about the time of the next real estate crisis, Changxing Real Estate is already preparing for appropriate contraction. However, industrial real estate has little to do with the real estate crisis, because its core is industrial demand. For example, after 1985, Hong Kong's housing prices were far ahead, and the industrial land collapsed completely.
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"Okay." Zheng Zhijie agreed.
Zheng Yuhua also said: "Yang Sheng, many of my second-hand ships are for sale or sent to dismantle. Now the freight rate has dropped, and the price of new ships has also dropped. Should we buy new ships?"
"No, we won't buy a new ship for the time being. Let's talk about it later. Suez is still an uncertain factor." Yang Wendong replied.
The Suez Canal has been closed for 7 years. This incident caused the shipping price to soar in the early stages. Several major shipping companies in Hong Kong made a fortune. One new ship can make a profit every year, and then they are counting money while lying down;
But in recent years, shipbuilding in various places has also been working hard, so after more ships, the freight rate has also dropped appropriately;
The first oil crisis is about to break out, and the Suez Canal will be opened again in 1975. These two things are a major blow to global shipping. Coupled with the second oil crisis in 1978, it led to the shipping crisis in the last decade of the 1980s, and it did not improve until the Asian economy was booming.
In history, Bao Yugang successfully abandoned the ship and landed. Other Hong Kong shipping giants suffered heavy losses. The Dong family in Oriental Overseas was even forced to abandon the stock and protect the company. The whole family became a migrant worker, and eventually saved its own company, but it had nothing to do with its own family.
Zheng Yuhua said, "Okay, then I can just keep operating here."
"Well, then that's it." Yang Wendong continued: "The Hong Kong government is preparing to hold a celebration ceremony in Kwai Chung. We will go together at that time."
"Yes, Yang Sheng." Zheng Yuhua and Zheng Zhijie agreed.
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(This chapter ends)