Rebirth of the Hong Kong Tycoon Era

Chapter 256 [End]

When Lin Rongheng announced that he would buy about 102 million shares of Wharf at a sky-high price of 1800 Hong Kong dollars, Jardine knew that he could not recover.

Therefore, Lin Rongheng's acquisition was far more low-key than the Wharf acquisition battle in his previous life, but it was much more stable!

During this period, Lin Rongheng did not seek support from HSBC, because Lin Rongheng knew that HSBC had no interest in him; in his previous life, Bao Yu had just acquired Wharf Group, because Global Shipping needed to go ashore, and HSBC was also a major shareholder of Global Shipping .

In this life, HSBC was also very surprised that Lin Rongheng was able to come up with nearly 19 billion Hong Kong dollars in cash in one go; you must know that the Lin family has acquired a large number of high-quality properties in Hong Kong in the past few years. Nearly HK$20 was spent on the property, including the redevelopment plan.

Monday, May 6.

Minority shareholders of Wharf flocked like a wave——China Bank Galaxy Securities in the banking district of Central, and the Walter counters in Hutchison Building.

Looking at the situation, Lin Rongheng knew that the general situation was settled!
Lin Rongheng said to Zhang Ruohuai beside him: "The CEO of Wharf is none other than you, do you have the confidence to develop it!"

Zhang Ruohuai said excitedly: "The boss's plan is grand, I am willing to challenge this task and do my best!"

Lin Rongheng nodded. He and Zhang Ruohuai discussed the future development of the Wharf Group. First, the development of the Wharf Harbor City. In the 80s, the land of the Hong Kong Tramway Factory was used to develop a commercial complex in Causeway Bay. In the future, it will focus on the development of commercial complexes, aspiring to become the world's largest commercial real estate company.

Landmark.

New Bijian looked depressed, and said to Bao Fuda, the general manager of Landmark, "Have our stocks been sold?"

Bao Fuda nodded and said: "850 million shares have been sold in batches, and cash of 8.6 million Hong Kong dollars has been obtained, but in less than two hours, Huodoli and Galaxy Securities announced the completion of the acquisition, and there is no way to sell the remaining shares. !"

Niu Bijian said: "This is considered very good. Lin Rongheng only bought 1800 million shares in total. We can sell so many, which is already very good!"

Bao Fuda said: "Landmark received 8.6 million Hong Kong dollars in cash, which is also a net profit of more than 6 million yuan. I think we should vigorously develop the real estate industry!"

Niu Bijian pondered. After losing Wharf, the Jardine Department had to make adjustments.

"The current task is to strengthen the control of Landmark and Jardine. Of course, what you said is also very reasonable. We must strengthen the development of the real estate industry. We have recently initiated proposals on these two matters in the board of directors!"

Bao Fuda worried: "Whether the Wharf Group is lost in our hands, will the Keswick family"

Niu Bijian's worry flashed past, and said: "This is not our responsibility. Jardine's overseas development is the intention of the Keswick family, which has led to the loss of Hong Kong's development over the years. Besides, with Lin Rongheng's bid High, we are well prepared, we have no chance of winning at all. Therefore, the directors will not hold us accountable. What we have to do now is to keep Hongkong Land and Jardine, and vigorously develop the real estate industry."

If Lin Rongheng heard the conversation between the two, he would be greatly surprised.

Historically, Hongkong Land vigorously developed the real estate industry after 1980. As a result, it did not develop for two years. After the Sino-British negotiations, real estate plummeted, resulting in high debts for Hongkong Land.

If we started to vigorously develop real estate in the second half of 1978, would Hongkong Land repeat the same mistakes?

Lin Rongheng thought it might not be so powerful!

First of all, the King of Central Land in his previous life talked about HK$47 billion for Hong Kong Land, but in this life, Lin Rongheng will not give Hong Kong Land a chance at all; secondly, Hong Kong Land will definitely get a lot of real estate profits in the extra year and a half.

Of course, it is not ruled out that Landmark will go crazy to death. This project has no chance, and other projects will be vigorously developed.

In the conference room of Wharf Group, Lin Rongheng took the position of chairman of the board of directors, and Zhang Ruohuai was the chief executive officer and executive director. Not only that, Lin Rongheng also poached a lot of management from Evergrande Real Estate.

Of course, Lin Rongheng had foreseen it long ago, so Evergrande Real Estate has sufficient talent reserves, so there is no need to worry about brain drain.

In the conference room, Lin Rongheng first appointed a number of former management of Evergrande Real Estate as the management of Wharf Group to completely eliminate the influence of Jardine Matheson.

Anyway, Lin Rongheng's acquisition this time is a 'hostile' acquisition, and naturally there is no need to make drastic changes to the company like the previous acquisitions.

After everything was arranged, Lin Rongheng said: "The development plan of the Hong Kong Tramway General Factory site under Wharf will be stopped immediately."

"Why stop?" Hongkong Land's representative Bao Fuda said.

Looking at the only remaining director of the Jardine Department, Lin Rongheng said with a smile: "Causeway Bay is the second commercial center of Hong Kong, and the original management wants to develop the land of the tram factory into residential buildings, which is obviously an extremely wasteful thing. So , this piece of land will be developed into a commercial center. However, considering the huge investment, the plan is put on hold until the reconstruction of Wharf Harbor City is completed."

Bao Fuda was silent for a while. What Lin Rongheng said made sense. The original management of Wharf was too conservative.

Lin Rongheng thinks that the management of Wharf is not only conservative, but also reckless!

At this time, Wharf's Harbor City is actually unreasonably planned. There are actually five residential buildings. Isn't this a waste?

However, Lin Rongheng did not propose to demolish and rebuild these five semi-finished high-end residential buildings. After all, this would cause a lot of waste, and Wharf Group did not waste money.

These five residential buildings are actually the later Gateway Buildings. In the previous life, the five Gateway Buildings provided a full 400 million square feet of shops and office buildings for Harbor City, which shows the difference.

If it weren't for the fact that the residential buildings of Wharf Group are only rented and not sold, Lin Rongheng might have to stop these five residential buildings immediately.

But now, in the early 90s, the Wharf Group will dismantle these high-end residential buildings and build them into first-class commercial buildings.

Soon, the Wharf Group was completely controlled by Lin Rongheng. The reason is that Lin Rongheng owns 51% of the shares and has sufficient available manpower.

After the Wharf acquisition battle ended, a senior Hong Kong critic, Sicong, commented on the Wharf battle: "Lin Rongheng won with a loss, and Landmark broke his wrist with a smile."

Although Lam Wing Heng won, he lost a lot of cash. People speculated that the loss was more than 30 billion Hong Kong dollars (actually 25 billion Hong Kong dollars); although Landmark lost Wharf, it gained a huge cash profit of nearly 7 million Hong Kong dollars.

Of course, this is only a short-term view. In Lin Rongheng's view, Wharf Group is worth not to mention 30 billion Hong Kong dollars. If he has 300 billion Hong Kong dollars now, he must take them all.

(End of this chapter)