Chapter 274 (2/2)
In other words, Li Chaoren coveted jiulongcang. He sent someone to explore the enemy's situation first, and the spies returned. Jardine's department holds less than 20% of jiulongcang's shares. As long as he secretly eats 20% of jiulongcang's shares, he can fight Jardine's. At that time, jiulongcang issued less than 100 million shares, and the market value of each share hovered between HK $13-14 all year round. It was a fairy share of the Hong Kong stock exchange. By the beginning of 1978, the market value was no more than HK $1.4 billion. Considering the large sites and scattered properties of the wharf, the value could at least double, which was obviously underestimated. So Li Superman set up a group of dark disks, quietly absorbed them, quietly dropped into the village and didn't shoot.
But for this kind of fairy stock, Li Chaoren's buying is still very obvious. The transaction volume of jiulongcang began to rise sharply, and professional speculators with keen sense of smell began to go out. For a time, there was a killing sound. By March 1978, the share price of jiulongcang jumped to the highest level of 46 yuan per share. At this time, Li Chaoren's position was less than 20 million shares. He felt that the share price was too high and suspended for a short time. Then he increased his holdings of Jiulong to 20% at a slightly lower price.
At this time, fools know that someone is going to engage in jiulongcang, not to mention old drivers like Jardine. If Li Superman wants to win jiulongcang, he can only bow hard. However, although Superman was a local tyrant at that time, he was not particularly arrogant, and there was not enough ammunition. Moreover, his opponent was not good at stubble. At least he was an old foreign firm. If the other party organized a fire counterattack, Li Superman's previous achievements would be wasted. Therefore, it is still very difficult for Li Superman to enter jiulongcang.
Look at Jardine's side. Can someone move his horse and stare? Cut! Jardine's Department began to copy the guys and buy the shares held by retail investors at a high price in the market, so as to enhance its control over jiulongcang. Bart! Jardine's cash reserves were also insufficient to increase its holdings of shares in Kowloon warehouse to an absolutely safe level. In a hurry, Jardine went to the British funded HSBC, the first consortium in Hong Kong. It is said that Shen Bi, the head of HSBC, personally mediated and advised Li Chaoren to give up the acquisition of jiulongcang.
Li Chaoren is a shrewd man. He believes that he should not make enemies with Jardine and HSBC at the same time. The development of Changjiang industry in the future should also rely on the support of HSBC. If you sweep HSBC's face, HSBC loans to support Jardine, and eat jiulongcang, there will be no play. Weighing the weight, Li Chaoren finally promised Shen Bi to stop buying jiulongcang shares. At this time, Li Chaoren has acquired nearly 20 million shares. Is it the largest shareholder of Kowloon warehouse? Li Chaoren looked confused because Jardine Matheson had not disclosed the number of shares it increased.
Li Chaoren sold all his shares to Bao Yugang after the failure of his last sneak attack on jiulongcang, although he temporarily calmed the concerns of Jardine Matheson. However, the kaiserk family is more worried. After all, Bao Yugang's strength is far better than Li Superman. They can say that they drove away the tiger and attracted the lion. But we can only bear it until there is no better way.
This does not mean that Bao Yugang has just made so many loans to HSBC. No matter how good the relationship between Shen Bi and him is, it is impossible to favor him without a bottom line. No matter how powerful a person is, the credit line is limited.
In fact, according to the original script, the battle for ”jiulongcang” in Xiangjiang was Sir Bao Yugang's acquisition of jiulongcang, which began on June 19, 1980 and ended on June 25 of that year. Jiulongcang is a British owned Jardine group. In Hong Kong in the 1970s, Chinese capital had little financial resources. Jardine controlled the company with only 5% of jiulongcang shares. With the rise of land prices in Hong Kong, the strength of Chinese real estate has increased rapidly. In September 1978, the Chinese Bao Yugang family owned 20% of the shares of jiulongcang. He entered the board of directors of jiulongcang as a major shareholder. British capital was unwilling to be threatened. In December 1978, Jardine land's holding of shares in jiulongcang rose to 20%, close to Bao Yugang. This equity control war lasted for nearly two years, and finally a soul stirring equity grab war broke out in 1980.
On June 19, 1980, the land company announced the purchase of additional shares of jiulongcang, on the condition that the land shares and a bond were exchanged for jiulongcang shares, that is, about 100 yuan for a jiulongcang share with a stock market price of 77 yuan. The Bao Yugang family immediately fought back. On June 22, Bao Yugang announced that he would offer 105 yuan in cash per share to buy 20 million shares of jiulongcang in the market. In this way, Bao Yugang's family's holding of jiulongcang shares would increase to 49%, and the cost of the whole operation would reach HK $2.2 billion. The next day, in just a few hours, Bao Yugang completed the acquisition of 20 million jiulongcang shares. The land company took the opportunity to sell 10 million jiulongcang shares to Bao Yugang, with a value of HK $1.0005 billion. So far, the Chinese Bao Yugang family has obtained the controlling stake in jiulongcang.
But now Bao Yugang has found Shen Bi for baohuodong mining company. If he is looking for it, no matter how big the face is, it may not work. Therefore, Bao Yugang, who received the news, doesn't know what to do for a moment.