Chapter 106: Wharf’s Stock Price Changes
12 month.

Looking at the stock market throughout 1977, it was calm, with trading volume in the first eleven months at HK$62 billion.

The estimated annual transaction volume is HK$7 billion, less than half of last year.

The Hang Seng Index has performed poorly this year, from 470 points at the beginning of the year to over 430 points today.

Although there were some small rebounds during this period, they were not significant. In one word, the market has no confidence. It may be that the damage caused by the stock market crash has remained in the minds of stockholders.

Although the market performance was flat, there were still a few stocks that performed well, such as Daya Mining and Wharf Holdings.

Daya Mining’s market value has risen from HK$3 million at the beginning of its listing to HK$10 billion, while Wharf Holdings’ market value has risen from HK$17 per share at the beginning of the year to HK$25 billion per share.

Due to various reasons, the stock price, which should have been falling, continued to rise instead.

"Mr. Liu, there have been some unusual movements in Wharf Holdings' stocks recently. There is another force that has been constantly buying up Wharf Holdings' stocks."

Liu Zhicheng, who was correcting official documents, was suddenly informed by Han Chunxi.

"Someone entered the venue? Can you find out who it is?" Liu Zhicheng asked, putting down the work in his hands.

Now that all the arrangements have been basically completed and only the moment of decisive battle has arrived, Liu Zhicheng is inevitably a little overly sensitive.

This is a massive operation worth several billion, and it should be a blocking action that can be written into the history books of Hong Kong.

"I can't find anything. Apart from us, there are suddenly dozens of accounts in the market buying Wharf Holdings' shares, and they are coming in aggressively," Han Chunxi replied.

"How many shares of Hutchison Whampoa do we have now?" Liu Zhicheng did not ask further who acquired it.

At this time, someone suddenly attacked Hutchison Whampoa, and it was most likely Li Chaoren.

"Mr. Liu, we currently hold 23% of Wharf Holdings. We have already spent HK$4 million."

The trading volume of Hutchison Whampoa's stocks increased day by day, attracting the attention of major securities analysis institutions and speculators with a keen sense of smell. For a time, large and small investors entered the market one after another.

Citibank Hong Kong Office.

Liu Zhicheng, Han Chunxi, Yuan Tianfan and York were discussing.

"York, please report the progress of the acquisition of each stock first." Liu Zhicheng asked first.

"Okay, Mr. Liu." York opened the folder and said, "We currently hold 23% of Wharf Holdings, 9% of Hong Kong Land, and 9.8% of Cheung Kong Holdings."

"Well, the share price of Hutchison Whampoa is moving unusually now. It seems that a new player has entered the market. It will be a tough battle next. Everyone, please tell us your opinions." Liu Zhicheng looked at everyone and said.

“Although Wharf Holdings and Hutchison Whampoa are called the two wings of Jardine Matheson, Jardine Matheson does not directly control Wharf Holdings. Instead, it holds Wharf Holdings shares through Hutchison Whampoa. With less than 2% of the shares, we are already the major shareholder of Wharf Holdings. Therefore, I suggest convening a shareholders’ meeting to directly seize control,” said York.

It seemed that York had done a lot of work recently. Liu Zhicheng nodded to show his satisfaction. But he still asked calmly: "Others, please tell me too."

At this time, Han Chunxi said, "The shares are too few. If we hold a shareholders' meeting now, we may not be able to seize control. I suggest that we should increase our efforts to absorb the shares."

Liu Zhicheng began to knock on the table out of habit again, and after a moment he said, "It is not appropriate to hold a shareholders' meeting now, and it is also not appropriate to strongly absorb Wharf shares. If we enter the market now, the stock price will definitely soar, which is not cost-effective."

Liu Zhicheng took a sip of tea and continued, "We should focus on Hutchison Whampoa and leave Jardine Matheson no chance to save Wharf Holdings. If we really take over Hutchison Whampoa, we can also take over Wharf Holdings."

Liu Zhicheng knew that Swire did not own 20% of Wharf Holdings’ shares, but only about 15%.

The other three people, of course, knew that this was a good plan to kill two birds with one stone. They couldn't help but feel a little worried, but they couldn't explain it clearly.

"Mr. Liu, this may lead to strong intervention from HSBC." Yuan Tianfan said this out of the blue.

"Don't be afraid. If I were afraid of him, I wouldn't have launched such a large-scale blocking operation." Liu Zhicheng said this with high morale. In fact, he was a little nervous inside and could only use his fighting spirit to cover up everything.

"From now on, York, you will do your best to acquire shares of Hutchison Whampoa. Tianfan, you will be stationed in Citibank and report any situation anytime and anywhere." Liu Zhicheng said with a final punch.

Liu Zhicheng kept Yuan Tianfan not only to maintain smooth communication but also for supervision.

Although its shareholding is greater than that of Hutchison Whampoa, it will never bid for Wharf Holdings unless it has absolute advantage.

Because the Jardine Matheson Group has controlled Hutchison Whampoa for hundreds of years and all the management belongs to him, even if he becomes the largest shareholder, it is entirely possible that he will be excluded.

This was the case with the charter king in the previous life. Although he was the major shareholder holding 30% of the shares, the entire board of directors was controlled by the second largest shareholder, Jardine Matheson.

In this case, the only way to gain control is to hold a shareholders' meeting and vote to remove the board of directors.

My current shareholding is still far from that of the ship charter king in my previous life. Even a powerful figure like him can't do anything about it, so I certainly don't have much of a solution either.

"Okay, I will immediately arrange for the trader to focus on Hutchison Whampoa stocks." York nodded.

With the rising real estate market in Hong Kong today and the Central redevelopment plan, the market value of Hong Kong Land has remained at around HK$50 billion for a long time.

Without considering the acquisition premium, acquiring 10% of its shares would require at least HK$5 million.

In the following days, after Liu Zhicheng withdrew his funds, there was no obvious change in the stock of Hutchison Whampoa.

Obviously, Li Chaoren was also very careful, trying to avoid being discovered by Jardine Matheson or others. But Liu Zhicheng knew that this matter would be exposed soon, because Hong Kong is the world's financial center, with a lot of financial talents, and someone would always find out.

An investment of hundreds of millions of dollars is not easy for Li Chaoren to obtain, even though the real estate market is currently in a boom period. He will definitely conduct capital operations, which gives the opportunity for leakage.

In this case, Li Chaoren naturally needs to increase his acquisition after obtaining a certain amount of shares and make the final decision in one fell swoop.

Even if the stock price goes up, as long as there is no loss, we must continue the acquisition and strive to complete the acquisition in a short time.

Only in this way can we obtain corresponding profits through the Wharf platform and make up for the financial losses caused by financing.

Otherwise, Cheung Kong Industries would not be able to withstand such a huge loss, and even if it could, its market value would plummet.

If Li Chaoren had been given more time, the sneak attack might have succeeded. Unfortunately, there was no if, HSBC intervened, and Li Chaoren had to withdraw after repeated consideration.

From this we can see that it was not that Jardine Matheson was too strong, nor that Li Chaoren was too weak, but rather the British capital’s support behind the scenes at the critical moment.

Although Cheung Kong Holdings was backed by the Maple Leaf Empire Bank, its main battlefield was in Hong Kong, and the dragon from across the river could not resist the magical attack of the local snake.

After all, HSBC is the quasi-central bank of Hong Kong, with the British Hong Kong government behind it, so Superman Li had no choice but to let go.

Because of his long-term acquisitions, there will be even fewer Hutchison Whampoa shares circulating in the market. It is estimated that Li Chaoren will not be able to acquire 20% of the shares in his previous life and will be discovered by Jardine Matheson.

Of course, Liu Zhicheng was already prepared to take over, otherwise he would not have acquired the shares of the Yangtze River Company. To put it bluntly, he was just trying to guard against him.

Liu Zhicheng was both excited and somewhat nervous as he prepared to take action against this Hong Kong giant. After all, in his previous life, he had only seen the results but not the process.

At that time, the acquisition of Huangpu Group was just a peaceful acquisition through negotiation, taking advantage of the fact that the other party was about to go bankrupt. But this time, we will be a real barbarian and forcibly block it.

.........

During this period, Liu Zhicheng occasionally met with Yang Minli, which brought a little peace to his busy life.

On Friday afternoon, Liu Zhicheng received good news from Lina, which made him look a little excited!

This weekend, she organized a mountain climbing activity, with only her and Guan Jiahui, and invited him to join.

After a period of time, Lina became friends with Guan Jiahui, and now that she was an adult, it was time to introduce her to the boss.

During their relationship, Lina discovered that Guan Jiahui yearned for a better life and was a bit realistic, so she directly told her that she wanted to introduce her boss to her.

Unexpectedly, Guan Jiahui readily agreed to participate in the mountain climbing activity.

Now is the coldest time in Hong Kong, but fortunately the winter in Hong Kong is not too cold, and mountain climbing is a physical activity.

Otherwise, hiking is not a good activity in this season, but you should go yachting. Of course, it is not time to go yachting yet.

On Sunday, I made an appointment to go hiking with Guan Jiahui.

When the car arrived downstairs of Guan Jiahui's building, Liu Zhicheng saw Lina and a young and energetic little girl chatting and laughing on the side of the road. They must be waiting for him.

"Lina, over here!" Liu Zhicheng shouted to them with a smile.

Guan Jiahui heard the sound and looked over. She saw that the Mercedes-Benz convoy had arrived. She couldn't help feeling nervous and expectant.

Liu Zhicheng's bodyguard opened the door for them, and she followed Lina and got into the extended sedan.

"Mr. Liu, this is my good friend, Guan Jiahui. Jiahui, this is Mr. Liu." Lina introduced them.

"Hello, Miss Guan, nice to meet you." Liu Zhicheng said with a smile.

When Guan Jiahui heard Lina introduce Mr. Liu, she was thinking about which rich man in the city had the surname Liu. After a moment, she asked with some surprise.

"Are you Mr. Liu from Huangpu?"

"Yes."

"I didn't expect Mr. Liu to have time to go hiking with us!"

Guan Jiahui was very smart and quickly realized that it would be best for the two of them to just be friends in their current relationship.

"I am also a young person, and of course I like outdoor sports. It makes sense for me not to come when my friends make an appointment." Liu Zhicheng said with a smile.

Guan Jiahui smiled and did not explain too much. Instead, Liu Zhicheng was very active in the conversation, asking about Guan Jiahui's daily life, and they talked and laughed.

Seeing this scene, Lina couldn't help but sigh: The boss still likes the young and fresh.

In the future, I have to get to know more beautiful girls for my boss and consolidate my position.

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(End of this chapter)