Chapter 108: The Blockade of Kowloon Warehouse
A few days later, news came from the Sihui market that Li Chaoren of the Cheung Kong Company gave up the acquisition of Hutchison Whampoa.
The day after Li Chaoren announced that he would give up acquiring Wharf Holdings, the share price of Wharf Holdings had fallen back to HK$28, a drop of more than 40%, and a large number of shareholders suffered heavy losses.
Liu Zhicheng knew that it was time for him to take the stage.
The former charter king borrowed HK$1980 billion from HSBC with just one phone call in 21. It was not because he had a good relationship with Stephen Schimpf, but because Jardine Matheson's scale had begun to threaten HSBC's position.
So HSBC used a borrowed knife to kill someone, cutting off one of Jardine Matheson's wings, and could also make a lot of interest from the shipping king.
The charter king was heavily dependent on HSBC at that time, but Liu Zhicheng no longer needs to do so. He is determined to acquire Hutchison Whampoa.
Harbour City alone can generate annual rent of HK$10 billion, which can be used to support many real industries in the future and generate greater economic benefits.
What's more, its terminal business, Star Ferry and tram company can bring a lot of profits to Liu Zhicheng.
"Are you planning to buy Li Chaoren's shares?" Han Chunxi asked.
"Yes, now that Li Chaoren has announced that he will give up the acquisition of Wharf Holdings under the pressure of HSBC, the share price should fall. It is time to acquire more shares. It is also almost time for a showdown with Jardine Matheson."
Liu Zhicheng nodded and continued, "How many shares of Zhidi do we have now?"
"We acquired another 8 points from the market, and currently account for a total of 17%," Han Chunxi replied.
"Notify Citibank to increase the price by 20% and officially bid for the land." Liu Zhicheng's order came true.
The next day, Tiantian Daily published an exclusive news that shocked the whole of Hong Kong: "Breaking news! Shanfeng Investment raised its stake in Land Development!"
"Snake Swallowing Elephant" is the headline of today's "Hong Kong Daily".
As the news spread, more and more Hong Kong citizens learned about it and were all happy about it.
Shanfeng Investment's acquisition of Hutchison Whampoa should be the most influential stock market acquisition battle in Hong Kong so far.
Not only the whole of Hong Kong is watching, but even the Chinese community in Southeast Asia has been watching here. You should know that the target of the placard this time is a "notorious" foreign company.
.........
Newbijian had been troubled recently by the issue of controlling rights of Wharf Holdings. With the help of HSBC, he finally calmed down the conflict and prepared to take a break in the afternoon.
Just as he was basking in the sunlight and drinking afternoon tea leisurely, his subordinates suddenly said they wanted to come over to report on their work.
Although he felt very disappointed, he knew that his subordinates must have urgent matters to disturb him, so Newbijian had to give up his vacation and meet with his subordinates.
"Who's coming to see me this time?"
"It's Mr. Bao Fuda." The secretary also noticed that Newby seemed to be in a bad mood, so he spoke more carefully.
When Niu Bijian heard that Bao Fuda was coming to report on his work, his heart trembled and he felt that something was wrong.
"Tell him to come in."
"Liu Zhicheng's Shanfeng Investment is buying a large number of Hutchison Whampoa shares on the stock market. When I came here just now, I received a message that he had raised his stake in Hutchison Whampoa." Bao Fuda reported to Newbigin.
After hearing this, Niu Bijian's face changed drastically and the teacup in his hand was smashed to pieces.
Jardine Matheson has become Tang Monk's meat, and everyone wants to take a bite.
"Liu Zhicheng is much more difficult to deal with than Li Chaoren. What should we do? Should we look for Shen Bi?" Bao Fuda asked.
"It's not so easy to get help from that old fox Shen Bi." Niu Bijian said with a frown.
Although the Jardine Matheson Group looks huge now, those insiders also know that Jardine Matheson is now a paper tiger.
It can be said that this was the time when Jardine Matheson was at its most vulnerable. Even though Superman Lee had taken action against Wharf Holdings before, Jardine Matheson was not so helpless as to deal with the Cheung Kong Company.
But this time, Jardine Matheson was facing Liu Zhicheng, a Chinese capital as powerful as Jardine Matheson. How could Shen Bi show up so easily?
Bao Fuda analyzed: "Shen Bi may not be willing to help, but he is even more unwilling to face Liu Zhicheng who acquired Hong Kong Holdings. This will affect HSBC's position in Hong Kong. Didn't HSBC also intervene in the last Wheelock case?"
"You are right." Newbijian nodded.
Bao Fuda continued: "We don't necessarily need HSBC to come forward, just provide us with funds or help us in other ways."
"Okay, then I'll go find Shen Bi again." Niu Bijian said.
...............
At this time, Liu Zhicheng was having afternoon tea with Li Chaoren at Lu Yu Teahouse.
"Mr. Li, that's amazing! You have caused a huge tsunami in the Hong Kong River?" Liu Zhicheng immediately said with a smile when he saw Superman Li.
They were not old friends, they had only met a few times in Hong Kong, but Li Chaoren and Liu Zhicheng's parents had spent a month in the mainland, so they had some fate. "Shame on you, Mr. Liu, stop laughing, it's just a failure, it's far worse than Mr. Liu buying land with a placard," Li Chaoren said, shaking his head.
In his previous life, in the 1980s, Li Chaoren formed a group to bid for Swire Properties, but due to various reasons, he gave up the acquisition.
"This is just the beginning. Mr. Li is really taking on Jardine Matheson this time. It will go down in the history of Hong Kong's business." Liu Zhicheng flattered Li Chaoren.
"If you lose, you lose. Everything else is fake." Li Chaoren shook his head and said.
"If HSBC hadn't intervened, Mr. Li would have already succeeded. In this case, it is normal to let go," said Liu Zhicheng.
"Mr. Liu, did you ask me to come here today because of the Wharf shares I hold?" Li Chaoren asked directly.
Li Chaoren is a smart man. It goes without saying that Liu Zhicheng asked him out at this time must be for the Hutchison Whampoa stocks.
Li Chaoren's idea was very simple. Since I can't do it, let the young man do it. He can vent his anger and successfully get rid of the Wharf shares in his hands.
"Since Mr. Li has already said it clearly, this is why I invited Mr. Li here today. I wonder how many shares of Hutchison Whampoa that Mr. Li holds?" Liu Zhicheng asked.
"About 980 million shares." Li Chaoren said. It seems that Liu Zhicheng is very ambitious. He raised his stake in Hutchison Whampoa and immediately started to take action against Wharf Holdings.
As expected, Li Chaoren acquired much less than in his previous life. Now 980 million shares only account for about 10% of the total shares, while it should have been 20% of the shares in his previous life.
"Okay, I want to buy all the Wharf shares in Mr. Li's hands at a price of HK$30 per share. How about that?" Liu Zhicheng asked with a smile.
"HK$30 per share? Okay, no problem." Li Chaoren agreed without much thought.
Liu Zhicheng didn't expect Li Chaoren to be so direct. He had prepared various plans before, including acquiring shares of the Yangtze River Company. It seemed that he had thought too complicated.
In fact, before Li Chaoren came, he had guessed that there was a very high possibility that Liu Zhicheng would buy the Hutchison Whampoa shares in his hands today.
Therefore, he had already calculated the price in his mind. As long as the price he had in mind was reached, he would give it to Liu Zhicheng and let him vent his anger.
"Mr. Li is straightforward. I will arrange for someone to come and handle the formalities tomorrow." Liu Zhicheng said with a smile.
Li Chaoren also smiled and said, "Mr. Liu wants to teach these foreigners who only know how to bully us a lesson on behalf of us Chinese. My own ability is limited, but I am still very happy to lend a hand to Mr. Liu. I just hope that Changjiang Company can have a chance to cooperate with Mr. Liu."
"Okay, no problem." Liu Zhicheng nodded and replied.
It seems that Li Chaoren suffered a lot this time. In order to unite some people, Liu Zhicheng must be willing to give up some interests.
Liu Zhicheng finally said: "I hope Mr. Li can help me keep it a secret for a while longer."
"No problem, Mr. Liu, don't worry, I won't tell anyone about this." Li Chaoren said.
…………
At the same time, in the manager's office of HSBC Bank in Hong Kong.
"Mr. Shen Bi, this matter, to put it simply, is related to the many years of business you and I have done in Hong Kong. To put it more broadly, it is also related to the interests of all the people in Hong Kong, and even the interests of the British Empire." Newby said firmly.
Niu Bijian exaggerated the matter to an infinite degree, making it sound as serious as possible, in order to provoke Shen Bi.
But Shen Bi was no idiot. How could he be provoked by Niu Bijian's few words? He just spoke slowly.
"Mr. Taipan, this is HSBC, not the Governor's House. I don't have the ability to take care of the interests of all the British people."
“If Liu Zhicheng really acquires Hutchison Whampoa and takes control of Wharf Holdings, he will become the number one financial group in Hong Kong. But this will also affect the interests of HSBC, won’t it?” Newby said with a smile.
After listening to this, Shen Bi felt a little trembling in his heart. Niu Bijian's analysis was correct. He was indeed an old fox.
"At least HSBC is safe." Faced with the deliberate provocation, Shen Bi said a little angrily.
"Today it is Jardine Matheson, tomorrow it could be HSBC. Although HSBC is safe in Hong Kong, Hong Kong laws cannot protect HSBC's overseas business. These Chinese are like hyenas, always keeping an eye on the high-quality British capital in Hong Kong."
"In the past few years, Liu Zhicheng first took over the Whampoa Group, then Qingzhou Yingni, and now Hong Kong Land, as well as Wharf Holdings, Mr. Shen Bi, and Mr. Fake. No one knows what he will do next. We must give them a warning."
Seeing that Shen Bi was moved, Newby became more and more excited as he spoke, hoping to impress him and get HSBC's support.
Although they disliked Yihe, Shen Bi and Fake, who were sitting opposite them, fell silent, but they had to admit that what he said was indeed right.
If a Chinese businessman with strong capital like Liu Zhicheng is allowed to take action against British capital, Hong Kong's interests will sooner or later be swallowed up by Chinese capital.
But they don’t know that British capital’s retreat in Hong Kong was a choice of history.
In the future, Hong Kong will be the base camp of Chinese capital. Liu Zhicheng's blockade of Hong Kong Land today is just following the trend of history.
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(End of this chapter)