Chapter 653 He Huang Shougang Lantern
After chatting with Bao Yugang for a while, the two separated again. Yang Wendong chatted with Li Jiacheng, Hu Yingxiang and others for a while, mainly to discuss the real estate issues in Hong Kong;
After a conversation, Yang Wendong also knew that these people seemed to be a little wary of Hong Kong's future real estate, thinking that something might happen, and they also wanted to understand what Yang Wendong meant;
Yang Wendong naturally expressed his similar intentions and asked them to pay attention to it. In fact, he didn't even know when and what fuse would break out in the next crisis. This was also the only economic crisis that he could not confirm. When the next 1982 was about to come, he would know it clearly.
The opening ceremony of the wharf was mainly participated by the Hong Kong Governor's Office and the heads of various wharfs. As the boss behind it, Yang Wendong did not participate much, but mainly handed it over to Zheng Zhijie and the heads of the wharf. He just came to make a fuss. By the way, the gathering of wealthy businessmen in Hong Kong was also rare. Let's communicate with the wealthy businessmen in Hong Kong.
TVB and many newspapers and media in Hong Kong have also come here. In addition to the filming ceremony itself, many reporters also visited everywhere, trying to interview wealthy people from all walks of life, especially experts in real estate or finance. Because the words of these people may become headlines and even affect the stock prices of some listed companies. This is also a hot topic that many Hong Kong citizens are more concerned about today.
However, this kind of big scene is not just a security guard, but a large number of police officers maintain order. If the political and business community is unwilling to accept interviews, the reporter will not be able to get close to him;
The whole ceremony ended at noon. As the people from the Governor's Office left, everyone went home. However, Qi Dezun found Yang Wendong and said, "Yang Sheng, have a meal together at noon?"
"Okay." Yang Wendong nodded and agreed.
Recently, the most glorious thing about land drinking milk in Hong Kong is Jardinet Group, but Hutchison Wong is not to be outdone. At the same time, in the early one month, it acquired more than 20 companies in a row, including three listed companies. Of course, Qi Dezun acquired them in good faith. Even if they are malicious, some small companies are forced to accept them and become good faith.
The scale of Hutchison Wong has expanded like a bubble, with a market value of more than HK$3 billion. Yang Wendong's investment of less than 20 million in his early years has now become more than 500 million, a 20-fold increase. Buffett cannot compare with this investment efficiency in the short term.
The two of them came to a pretty good restaurant in Kwai Chung and entered the private room. Qi Dezun smiled and said, "Yang Sheng, this hotel is also owned by Huang and me."
"Are you interested in small businesses like hotels?" Yang Wendong asked.
Hotels are star-rated and have extensive business. Big capital may also participate appropriately, but simple hotels are generally not big. Single properties generally have low revenues. Small and medium-sized capital may be interested, but big capitals generally do not like them very much;
Unless you are professional chain stores, this type of restaurant will generally adopt a franchise model, but there are many types of food and beverages in Chinese, and the regional ones are different, so it is difficult to form standards similar to KFC and McDonald's. Therefore, even if the mainland economy has developed to the second largest in the world in the previous life, there are no large-scale chain hotels within it;
It is only possible unless it is a small store like Shaxian snacks, braised chicken, and pork trotter rice.
Qi Dezun smiled and said, "I just invest in it. I invested in this not to make money by making money, but to look better in the financial statements so that the stock price can be higher."
"Well, but I still recommend that you don't think about it. Just focus on the stock market. Actual business is the most important thing." Yang Wendong reminded.
Qi Dezun said: "I don't agree with this. Only when the stock price is high can I raise funds and pledge stocks to obtain funds. Only in this way can I develop more projects and form a virtuous cycle."
After hearing this, Yang Wendong did not refute and smiled and said, "That's right, your method does work."
So many listed companies in Hong Kong like to expand their market value, not only because these paper wealth looks good, but Hong Kong banks acquiesce to be mortgaged with stocks, which are usually half of their value.
In other words, companies with a market value of 2 billion yuan have a theoretical stock that can be mortgaged to 1 billion yuan in cash.
So whether it is the current Hutchison Whampoa or the future of Jianing in history, they are desperately expanding all kinds of messy businesses, expanding the stock market value and going to the bank to borrow money, and then developing new projects after obtaining funds. If the project is successful, the stock price will rise again, and then continue to borrow or raise funds through other means, etc., forming a virtuous cycle.
This model, as the stock market and market are rising all the way, operate well and wealth can grow exponentially. It is like this that Chen Songqing has built a consortium of nearly 10 billion Hong Kong dollars in just a few years.
But once the market has problems and the stock market value falls, and the bank requires additional collateral or early repayment, it will inevitably lead to a cliff-like plunge in the entire business. In history, Hutchison Whampoa fell from a market value of 7 billion to 300 million to 400 million and was eventually swallowed by HSBC because of the drawbacks of this way of playing.
Now, with the help of Yang Wendong, He Huang seems to be playing harder, but he doesn't care. The better he is now, the harder He Huang will fall in the future. Qi Dezun smiled and said, "Yang Sheng, I asked you out this time to discuss with you that Huang and I are preparing to acquire Hong Kong Lamp."
"How many Hong Kong lamp shares do you have now?" Yang Wendong asked.
Qi Dezun said: "About 16%, it will be a bit difficult to continue to acquire it. Although Hongdeng does not have a major shareholder family, many of the shares are still in the hands of many shareholders. These shareholders have close ties with the management, so I am preparing to make it public."
"Open, you are not going to imitate Land and have a big merger, right?" Yang Wendong asked with a smile.
As something that has never happened in Hong Kong's history, he is also curious about how it will develop. In fact, for him, this is quite interesting, and life is more interesting;
Whether it is Hong Kong's future industries, global technology industries, etc., the history in 80 years will probably become completely different due to his butterfly effect, which is why he has been mentally prepared for a long time.
Qi Dezun shook his head and said, "Of course it is impossible. It is not as good as Huang, and Hong Kong lamps are far better than milk companies. Huang and I are actually just a little better than Hong Kong lamps;
I am planning to conduct a good-faith acquisition, negotiate with the management of Hong Kong Lights, and acquire about 30% of Hong Kong Lights' shares, and then cooperate to develop Hong Kong Lights' land. Yang Sheng, you know the quality of Hong Kong Lights' properties. Once this matter is done, Hutchison's stock will inevitably rise sharply. I can cash out more funds from the bank, and then use the development of Hong Kong Lights' lands, maybe the scale of Hutchison's can become one of the top British foreign companies. ”
"A good-faith acquisition is indeed the best way." Yang Wendong agreed, "But can the management of Hong Kong Ding agree, but are you sure?"
In fact, no one is willing to make trouble if any capital wants to acquire a company, so that the cost is lowest and it can ensure that the acquisition is successful and will be successful;
In the history of Hong Kong, so many malicious mergers and acquisitions were successful. On the one hand, the handover of rights in China and the other hand, the core business of Hong Kong companies is real estate, which is relatively simple to operate. The malicious acquirer can successfully take over after the acquisition is successful, so there is no need to worry too much about this;
A few exceptions, such as Li Jiacheng took over Hebei Huang, and even if he became a major shareholder and had the support of HSBC, Li Jiacheng could only be a shareholder and participated in the board of directors. The rights were left to the original team. Even if the two sides had conflicts, Li Jiacheng chose to give in. It was not until four years later, in 1983 that the Chinese team controlled by Li Jiacheng became familiar with the business and also attracted some Hebei Huang. In addition, the shares held nearly 40%, they successfully took charge of Hebei Huang.
Hong Kong Lamp’s power generation business is even more professional. Without the original team, it wouldn’t be able to play at all.
Qi Dezun said: "I can only give it a try. If I am a little worse, I can become its major shareholder. The income from Hong Kong Ding Power Generation is still good, and my requirements are not high. I just need to obtain real estate development."
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"Okay." Yang Wendong thought for a moment and asked, "Qi Dezun, what about the future plan? Is it really going to completely acquire Hong Kong Deng, or just indirectly hold shares?"
Qi Dezun shook his head and said, "This is too far away. I will become a major shareholder and join the board of directors first, and then consider the future."
Yang Wendong said: "Okay, if you need funds, Hang Seng will give you the credit limit."
Over the years, with the help of Yang Wendong, Hang Seng Bank has not only developed second only to HSBC in Hong Kong, but also developed well in some Asian countries, because many banks have entered other places. The first difficulty is that they have no local companies to cooperate. Yang Wendong's capital has invested in many Asian countries, and then cooperated with Hang Seng Bank, which has facilitated its first step.
Letting Hang Seng cooperate with Hutchison Whampoa is also part of Yang Wendong's plan. Once Hutchison Whampoa has problems in the future, Hang Seng will also be one of the biggest creditors, which can prevent HSBC from dominating its debt control position.
"Okay, thank you Yang Sheng." Qi Dezun didn't think much about it.
Over the years, Yang Wendong has been good to him. On the one hand, he never interfered with the operation of Hutchison Whampoa after investing in Hutchison Whampoa. In addition, he also helped him frequently in terms of funds, resources and connections, making Hutchison Whampoa bigger and bigger;
Of course, he himself has also gained huge returns from the stock market, but this is also what it should be. Otherwise, who will still invest?
In mid-June, another sensational news broke out in the Hong Kong market;
Hutchison Group suddenly announced that it already holds nearly 20% of the shares of Hong Kong Lighting Group. Out of optimism about the future of Hong Kong Lighting Group, Hutchison Group will continue to increase its holdings in Hong Kong Lighting shares, but the amount of shares increased was not mentioned in the announcement.
Affected by this news, Hong Kong Ding's stock price immediately rose by 18%.
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(This chapter ends)