Chapter 30 Happy Cooperation
"Since you want me to give up Wharf, I naturally need a replacement, so that we each have room for discussion." Su Cheng nodded.
He has never revealed his ambition to come to Hutchison Whampoa from beginning to end. As long as the charter king does not expose him, Shen Bi will naturally not know about it.
“It’s not impossible to buy Hutchison Whampoa. As long as the price is right, of course we can sell it. I just don’t know what price Mr. Su can offer?” Although Shen Bi was a little surprised, he was not too surprised. .
The purpose of controlling Hutchison Whampoa is to make money. For Huifeng Bank, this is business.
"Currently, Hutchison Whampoa's stock price is around HK$5 per share. At this price, I will fully acquire it!" Su Cheng said directly.
Currently, Huifeng Bank holds 90 million Hutchison Whampoa shares, accounting for 22.4% of the entire Hutchison Whampoa. In other words, if they can buy their shares at a price of HK$5, they will only It only costs 450 million Hong Kong dollars. Of course, Su Cheng knows that this is impossible.
Because everyone knows that the stock price of Hutchison Whampoa in the stock market is very low. Hutchison Whampoa has internally evaluated that their net asset value has reached 5.8 billion. If only the market value of the stock market is used to calculate, Hutchison Whampoa The total market capitalization is only about HK$2 billion. It can be said that this is a seriously underestimated company.
According to the stock price, the total market value of Hutchison Whampoa is even much lower than that of Wharf, because Wharf has already been speculated to a certain extent after the last exposure incident.
In fact, from Su Cheng's perspective, Wharf is not as valuable as Hutchison Whampoa.
Of course, in the opinion of the chartering king, Wharf is more suitable for him. After all, he currently controls the largest fleet in the world, and the ships must have corresponding supporting facilities. Wharf is just right for him.
Although he initially reduced the burden on the fleet, it was impossible to sell them all. The charter king always relied on shipping to make his fortune.
It can be said that everyone takes what he needs.
"This is impossible. Hutchison Whampoa's stock price is seriously inconsistent with its actual value. At that price, it is a cheap sale." Shen Bi refused directly.
“As far as I know, when Huifeng Bank invested in Hutchison International, it only spent 150 million Hong Kong dollars. In less than three years, you made 300 million. How could you not Make a lot of money." Su Cheng said with a smile.
Of course, Sioux City actually knows that these are just superficial. At the beginning, Hutchison International suffered serious internal losses, and it was normal to enter at a low price. But now, under the management of Huifeng Bank, Hutchison Whampoa has turned losses into profits and become a company that can As a profitable group, Huifeng Bank should also make money.
Before this, Xiao Ai told him some of these stories.
"Mr. Shen Bi, I think it is time to sell Hutchison Whampoa. As a financial institution, Huifeng Bank cannot always hold Hutchison Whampoa in its hands. As a shareholder of Huifeng Bank, I suggest , if it’s suitable, sell it. As for the conditions, we can discuss it in detail.” At this time, the chartering king also intervened at the right time.
Actually, Shen Bi doesn’t know that as a financial institution, Hutchison Whampoa has always been in control. It is inconsistent with reason, law, and circumstances. He will eventually sell it out, but he can’t find it for a while. Just the right buyer.
At this time, Huifeng Bank is preparing for the uncertainties in the future. It is making international deployments and planning to buy Ocean Mile Bank in the beautiful country. If Hutchison Whampoa can sell it, Huifeng Bank will The bank's funds will be much more abundant, and you will be more confident in your purchases.
After Hutchison Whampoa returned to profitability and got on the right track, Huifeng Bank has already started looking for a suitable buyer, but they also have requirements for buyers.
First of all, the buyer needs to have an excellent vision, otherwise, Hutchison Whampoa will lose money if he buys it, which is not a waste of resources; secondly, he must maintain a good cooperative relationship with Huifeng Bank , otherwise selling to competitors would mean airdropping supplies to the enemy; of course, if you have enough strength, that would be even better.
"If Mr. Su wants to buy it, I personally think that 10 Hong Kong dollars per share is a very appropriate price. If Mr. Su agrees, we can make a deal directly." At this time, Shen Bi said again.
If it can be sold at this price, most of the senior management of Huifeng Bank should agree to this condition, let alone him.
Su Cheng shook his head directly and said: "Mr. Shen Bi, it's impossible for you to take advantage of everything, right? First of all, my target was originally the Wharf, which you and Mr. Bao asked me to sell to you; Secondly, Hutchison Whampoa's stock price has been around HK$5 for a long time. I personally think it is very reasonable to sell it at this price
If you follow the price of 10 Hong Kong dollars, it will be double the price. At this price, I believe no one or any buyer is willing to buy it. Otherwise, I will choose Wharf as the control object. As for Hutchison International, you can find the right one. Buy and sell. "Su Cheng's idea is very simple, to retreat in order to advance, it can be regarded as a way to provoke the general.
He has determined that Huifeng Bank must be looking for a suitable buyer, but it is only temporary. It’s just that I can’t find it. Secondly, the Global Shipping Group is also a breakthrough point.
“Mr. Shen Bi, as the chairman of Huifeng Bank, I hope you will think carefully about whether the buyer of Hutchison Whampoa is. It’s easy to find. There’s no need to be very specific about the seller. Wharf is really important to our Global Shipping Group. "The chartering king said again at this time.
"Why don't we make a compromise? If Mr. Su is sincere in acquiring Hutchison Whampoa, I will tell you my conditions:
1. We at Huifeng Bank will sell it to you at a price of HK$7.5, and Mr. Su needs to pay us the full amount;
2. Mr. Su needs to transfer 23% of his equity to Global Shipping Group. You can negotiate the price yourself;
3. Mr. Su needs to sign a cooperation agreement with our bank, and Huifeng Bank will be responsible for all the fund transfers of Hutchison Whampoa Group.
That’s all for now, and I need to have a meeting with the board of directors. If the board of directors agrees, our transaction can be completed. ”
At this time, Shen Bi quickly came up with preliminary conditions.
"Xiao Ai, in another world, when Li Ka-shing purchased Hutchison Whampoa, what was the price they signed?" At this time, Su Cheng did not rush to answer Shen Bi, but asked Xiao Ai in his mind.
“Master, the condition they reached is HK$7.1 per share, but in addition, Li Ka-shing also promised many conditions that are beneficial to Huifeng Bank, and then they reached the sale at this price.”
7.1 Hong Kong dollars, and the transaction price of 7.5 Hong Kong dollars, there is a difference of 36 million Hong Kong dollars.
It’s not too much and the price is quite reasonable.
In his previous life, Su Cheng saw a piece of news about Li Chaoren selling off domestic assets and investing in the UK. Su Cheng felt a little strange.
At this time, he probably guessed that Li Chaoren had signed some agreements with Huifeng Bank and was controlled by others.
And of course it is impossible for him to sign these unequal conditions.
In this case, the 36 million will be nothing.
The most important thing is that he made too much money from Wharf, which was 50 Hong Kong dollars per share, a full 1 billion Hong Kong dollars.
Since you are making a lot of money there, what about the losses here?
Thinking of this, Su Cheng stood up and said: "I can agree to the three conditions you mentioned. Then, I will wait for Mr. Shen Bi to give me good news. I hope we can have a happy cooperation!"
"Happy cooperation!"
The two shook hands with each other.
This negotiation has been initially reached.
(End of this chapter)