This period of time seemed to be specially favored by the God of Luck, and good things came one after another like a tide. Su Cheng couldn't help but be caught off guard, and thought to himself: Could it really be the fate of fortune?
However, no matter what the reason behind this sudden good luck, Su Cheng knew that this was an opportunity worth cherishing.
Especially when faced with the stocks in Li Ka-shing's hands, he was determined to keep them in his pocket.
Su City has a clear understanding of Li Ka-shing's ability. This business tycoon is known for his courage and strategy of "snake swallowing an elephant", and can often turn things around at critical moments.
Although on the surface, Su Cheng's capital strength is far better than that of Li Ka-shing, he is also very aware that the business world is unpredictable and has many variables.
What worries Sioux City in particular is that if Li Ka-shing preemptively convinces John Madden to let this key figure take the initiative to transfer the shares of the Wheelock Group held by his family to him, then even if Sioux City has abundant funds, It will also lose the qualification to compete for controlling stake in Wheelock Group.
After all, shares in Wheelock Group not only represent wealth, but also control over the actual operations of the group.
Although this possibility seems slim, Su Cheng knows that there is no absolute safety in the shopping mall, and any slightest negligence may lead to a total loss.
Therefore, he decided not to take this risk and decisively purchased Li Ka-shing's shares to ensure that he would occupy a favorable position in the future layout of Wheelock Group.
Once Li Ka-shing's shares are successfully purchased, it will fundamentally eliminate his desire to further penetrate the Wheelock Group.
Therefore, this transaction is imperative for Sioux City.
"Mr. Li, with all due respect, I am indeed very interested in these stocks. I wonder at what price you plan to sell them?" Su Cheng asked directly and sincerely, his eyes revealing his interest in this investment. Transaction emphasis.
Hearing this, Li Ka-shing smiled slightly, but could not hide his helplessness: "Mr. Su, I considered using yesterday's market closing price as the trading benchmark. After all, we started planning for this two years ago, but the result failed. As expected, it was a waste of time.
I hope to make up for some losses from this transaction and make a profit, so that I can have a more satisfactory explanation in front of the board of directors. ”
After hearing this, Su Cheng nodded in understanding: "Mr. Li's words make sense. It is indeed fair and reasonable to trade according to the current stock price. I accept your proposal and the deal is settled."
In handling this matter, Su Cheng showed his decisiveness and decisiveness.
Because Su Cheng understood that in business transactions, hesitation often means missed opportunities, so he did not choose to bargain, but directly accepted Li Ka-shing's conditions for trading at market prices.
Based on yesterday's stock price, the total market value of 9.7% of Wheelock Group's shares is approximately HK$270 million, which is similar to the total price of Sioux City's previous transaction with Jardine Matheson.
Although the shares acquired this time are relatively small in terms of quantity, Su City does not care about it.
In his opinion, being able to obtain shares of Wheelock Group so smoothly is already a pretty good result.
Recalling the high price paid by Bao Yugang to acquire Wharf two years ago, and comparing it with this transaction, you will not feel that the price is too high.
At that time, the share price of Wharf was extremely high, even reaching an astonishing level of more than 100 Hong Kong dollars per share.
However, Su Cheng knew clearly that the actual value of Wharf was far less than this.
In comparison, he is now acquiring shares of Wheelock Group at a relatively reasonable price, which is undoubtedly a more cost-effective deal. For Su Cheng, this acquisition not only further consolidated his position in Hong Kong's business community, but also laid a solid foundation for his future business layout.
He believes that as time goes by and the market changes, the value of Wheelock Group will be more fully reflected.
Today, the market value of Wheelock Group has steadily exceeded the HK$2 billion mark. For Sioux City, this is undoubtedly a very attractive piece of cake.
Once Li Ka-shing successfully acquires this 9.7% stake, he will hold a total of 21.5% of the Wheelock Group's shares, which will undoubtedly add heavy weight to his voice within the Wheelock Group.
With such a share ratio, although there is still no possibility of challenging John Madden's position in Wheelock Group, he is already standing in an important strategic position.
It is entirely possible for him to unite with other shareholders to jointly fight or influence the decisions of management such as John Madden.
For Li Ka-shing, he originally thought that this transaction would be a difficult negotiation, but he did not expect that Su City would agree to his conditions so easily.
This made him surprised, and he couldn't help but have a new understanding of Su Cheng's determination and courage.
He has realized that Su City's desire for Wheelock Group is far beyond his imagination, and it has reached the point where it is determined to win.
Therefore, it is obviously very unwise for the Yangtze River Industrial Group to compete with business giants like Su Cheng at this time. The sooner it evacuates, the better the outcome will be for the Yangtze River Industrial Group.
With this complicated psychology, Li Ka-shing finally reached this deal with Su City.
Although he is unwilling to do so, he also understands that in the business world, sometimes letting go is a wise choice.
What's more, through this transaction, he can also obtain considerable income from Su City to provide more financial support for his future development.
For Sioux City, this transaction is undoubtedly an important victory in the expansion of his business territory.
He believes that in the days to come, he will rely on these shares to play a greater role within the Wheelock Group.
"So, Mr. Li, since we have reached a consensus, why not take advantage of the fact that the weather is still good and settle this deal as soon as possible!" Su Cheng smiled, with a kind of tone in his tone. Unquestionable determination.
"What Mr. Su said is absolutely true. Happy people do happy things. I will arrange for my team to come here to ensure that all procedures go smoothly." Li Ka-shing also expressed his agreement with a cheerful response. The tacit understanding between the two and Trust is unified at this moment.
Subsequently, both parties summoned their own teams of assistants and lawyers to prepare for this important transaction.
Su City immediately contacted Zhang Qizheng, a capable person at Tianyuan Investment Company who has extensive experience in handling such equity transactions.
In addition, Su City's shares in Wheelock Group are listed in Tianyuan Investment Company, so it is natural to contact him.
Su Cheng explained the situation concisely on the phone. Zhang Qizheng immediately understood the urgency of the matter and said he would leave immediately. (End of chapter)