Hong Kong variety show: Building a century-old family, starting with Hung Hing
Chapter 345 Investigation Team
Lin Luoqi's smile froze instantly, and he realized the seriousness of the problem: "Tiansheng, what do you suggest we do?"
After a moment of contemplation, Jiang Tiansheng proposed a bold plan: "Boss Lin, we can acquire Jide Real Estate's shares at a low price."
Then sell the company to a third party. This will completely eliminate Lin Luoxun's influence.
Lin Luoqi hesitated after hearing this: "Tiansheng, this is quite risky, and I just took over the company. Is it appropriate for me to do this now?"
Jiang Tiansheng said, "Boss Lin, it's better to have a short, sharp pain than a long, drawn-out one. If you don't completely resolve Lin Luoxun's problem, you'll definitely face endless troubles in company management in the future."
Lin Luoqi thought for a long time, and finally gritted his teeth: "Okay, Tiansheng, let's do it your way. So where do we start?"
Jiang Tiansheng said, "You can sell the industrial building property of Jide Real Estate first, raise some funds, and then use those funds to acquire stocks."
Lin Luoqi nodded: "Okay, I'll go arrange it right away."
Afterwards, Jiang Tiansheng and Lin Luoqi discussed Kidd Land's office properties in Central.
Lin Luoqi said, "Tiansheng, I plan to sell the Central office property of Kidd Properties to Dehe Real Estate Company for the market price of 1100 million yuan. What do you think?"
Jiang Tiansheng was somewhat surprised, but still said, "Boss Lin, this price is reasonable."
"Okay, I'll handle things at Dehe Real Estate Company."
After hanging up the phone, Jiang Tiansheng knew in his heart that Lin Luoqi was becoming increasingly wary of him.
He decided to gradually divest himself from Dehe Real Estate Company, selling 50% of the company's shares to Paramount Company, which would both raise funds and boost Paramount's stock price.
Jiang Tiansheng has other plans regarding business development.
He met with Li Yongzhi, the owner of San Tai Industrial Company, to discuss the acquisition of a 50% stake in the Deer Island Building in Wan Chai.
The two sat down in the conference room, and Li Yongzhi said, "Mr. Jiang, regarding the 50% stake in the Kashima Building, I'm offering 3200 million yuan. What do you think?"
After considering it for a moment, Jiang Tiansheng said, "Mr. Li, I can accept the price."
However, I have one condition: I'll pay 20% upfront, and the remaining 80% within three months, with interest paid at the bank's rate. Is that acceptable?
Li Yongzhi thought about it and felt that the condition was reasonable, so he said, "Okay, Mr. Jiang, we'll do it your way."
Actually, Mr. Jiang, there's something else I'd like to discuss with you.
I'm preparing to develop a residential building project. The profits are quite high, and the return on investment is quick. Would you be interested in participating?
Jiang Tiansheng said, "Mr. Li, I need to think about this. Please tell me about the details of this project first."
Li Yongzhi then explained the planning, budget, and expected profits of the residential building project to Jiang Tiansheng in detail.
After listening, Jiang Tiansheng said, "Mr. Li, this project sounds good."
I'll go back and discuss it with my team, and then I'll get back to you.
Li Yongzhi said, "Okay, Mr. Jiang, I'll wait for your news."
After leaving Sante Industrial Company, Jiang Tiansheng returned to his company and brought in a professional investigation team.
"You should conduct a thorough investigation into the situation of the Deer Island Building in Wan Chai, including its building condition, whether the property rights are clear, and whether there are any potential debt disputes."
"Give me a report as soon as possible." The head of the investigation team responded and quickly began working.
Jiang Tiansheng knew that there was a significant funding gap to pay the remaining balance.
They decided to sell shares of Hang Lung and Caring Group to raise funds.
He went to Sun Hung Kai Securities and found Bai Jinyan. "Ms. Bai, could you help me sell the shares of Hang Lung and Caring Group held by Paramount Company?"
Bai Jinyan nodded and quickly got to work.
After a while, Bai Jinyan reported: "Mr. Jiang, the stock sale is complete, and a total of 327.4 million yuan has been recovered."
Jiang Tiansheng then asked, "How is the subscription of shares by Henderson Land Development Company progressing?"
Bai Jinyan said, "We have already acquired 78 shares, but we can strive for more."
Jiang Tiansheng calculated that these funds would still not be enough to fill the funding gap for purchasing the Kashima Tower.
He decided to go to HSBC to apply for a mortgage loan.
At HSBC, Jiang Tiansheng spoke with a loan officer. "I want to use some of my assets as collateral to get a loan of 2250 million yuan."
After reviewing the documents, the credit manager said, "Mr. Jiang, your assets meet our loan requirements, but the procedures will take some time."
Jiang Tiansheng said anxiously, "Please speed things up, I'm pressed for time."
After some coordination, Jiang Tiansheng finally obtained a pledged loan of 2250 million yuan.
On June 1, Henderson Land Development Company Limited was listed on the stock exchange.
Jiang Tiansheng learned over the phone that the stock price had soared from 4 yuan to 5.3 yuan, and the market reaction was enthusiastic.
If enough profit is made on this stock, the subsequent funding problem may be easily solved.
Before Jiang Tiansheng could even breathe a sigh of relief, he received a call from Liang Botao.
“Mr. Jiang, something bad has happened. Zhaoan Real Estate Company has discovered our acquisition intentions.” Jiang Tiansheng immediately said, “I’ll go to Huoduoli Company right away.”
When Jiang Tiansheng arrived at Huoduoli Company, Liang Botao reported to him: "Mr. Jiang, we currently hold 32.4% of the shares, which is only 3.6% away from the major shareholder Huang Bingzhong."
The bank loan of 1000 million yuan can be credited to my account immediately.
After a moment's thought, Jiang Tiansheng said, "We will use this money to win the support of more minority shareholders. Our goal is to hold more than 40% of the shares."
In order to achieve this goal, Jiang Tiansheng decided to meet with the minority shareholders of Zhao'an Real Estate Company.
At a coffee shop in Central, Jiang Tiansheng met with four minority shareholders: Zhang Wenhe, Luo Junjie, Cao Jian, and Lin Feng.
Liang Botao first introduced Jiang Tiansheng to them: "This is Mr. Jiang Tiansheng, who has achieved remarkable results in the business field. He has both ability and determination."
The reason I've called you all here today is to discuss the shares of Zhao'an Real Estate Company.
Jiang Tiansheng got straight to the point: "I want to acquire your shares at a 20% premium."
Upon hearing this, Lin Feng immediately said, "Mr. Jiang, isn't a 20% premium a bit too low?"
The other minority shareholders echoed his sentiments. Jiang Tiansheng asked, "So, what do you think is a suitable amount?"
Lin Feng said, "At least 30%." Jiang Tiansheng quickly calculated in his mind, then decisively said:
"Okay, we'll acquire your shares at a 30% premium, at 1.6 yuan per share."
Let's go to the law firm now to sign the contract.
Liang Botao watched Jiang Tiansheng make such a decisive move and secretly admired him.
He felt that Jiang Tiansheng's decisiveness and boldness were important qualities for success in the business world.
The group arrived at the law firm and, with the lawyer as a witness, signed the share acquisition agreement.
After leaving the law firm, Jiang Tiansheng took Liang Botao back to the company.
Jiang Tiansheng sat in his spacious and bright office, his desk piled high with documents, intently studying information about Zhao'an Real Estate Company. At that moment, Liang Botao walked in.
"Tiansheng, regarding the acquisition of Zhaoan Real Estate, we now hold a 43.4% stake."
As Liang Botao spoke, he sat down opposite Jiang Tiansheng.
Jiang Tiansheng nodded: "Yes, I know. But Huang Bingzhong is still a potential problem; his shares should not be underestimated."
“Indeed, although we hold a significant stake, Huang Bingzhong could still pose a threat. I suggest that we form an alliance with Zhao Qicheng, so that our combined shareholding would exceed 50%, thus securing our control over Zhaoan Real Estate,” Liang Botao analyzed earnestly.
After thinking for a moment, Jiang Tiansheng said, "I still want to acquire more than 50% of the shares through further acquisitions to achieve perfect control."
Liang Botao looked troubled and reminded him, "Tiansheng, you have to consider the actual situation."
Now the three of us hold more than 90% of the shares, and the remaining shares in circulation are very limited.
Acquiring more than 7% of the shares for just over 400 million yuan is virtually impossible.
Jiang Tiansheng then realized that his previous calculations were wrong, and looked somewhat embarrassed, but quickly regained his composure:
"It was my oversight. What if Zhao Qicheng takes this opportunity to blackmail us?"
Liang Botao looked serious and thought for a moment before saying, "This possibility is not nonexistent; after all, business is business."
Jiang Tiansheng was silent for a while, then decisively said, "Then let's not cooperate with him for now, as long as he doesn't support Huang Bingzhong."
Botao, you announced in the name of Huoduoli Company that Paramount Company holds 43.4% of the shares of Zhaoan Real Estate, and you also said that we plan to increase our shareholding to 49%.
This should boost the stock price, and might even prompt Huang Bingzhong to sell his shares.
Liang Botao understood immediately and nodded in agreement: "Okay, I understand what you mean. This is indeed a good idea."
Not long after, Huang Bingzhong came to Jiang Tiansheng's door. Upon seeing him, he got straight to the point:
“Mr. Jiang, I know you’re driving up the stock price of Zhaoan Real Estate. I don’t want to waste any more time. I hope you can give me a hand so I can cash out and leave.”
Jiang Tiansheng looked at Huang Bingzhong and said slowly, "Since Mr. Huang has this idea, let's talk about it."
At what price are you planning to sell?
“I’m not greedy. At 1.5 yuan per share, I have 6% of the shares, which is worth a total of 432 million yuan.”
Huang Bingzhong stated his conditions.
Jiang Tiansheng quickly calculated in his mind and felt that the price was within an acceptable range, so he nodded in agreement:
"Okay, then let's do as Mr. Huang says."
The transaction was completed quickly, and Jiang Tiansheng and Paramount Company's funds were basically exhausted as a result.
The funds originally intended for the acquisition of The Peak Tower in Sheung Wan and the first floor of the Nanyang Centre shopping mall in Tsim Sha Tsui have now been lost.
The following day, Huoduoli Company announced a new acquisition plan as scheduled, and Zhaoan Real Estate's stock price rose to 2.1 yuan.
Huang Bingzhong successfully sold 29% of his shares, including 6% to Jiang Tiansheng.
However, at this moment, an unexpected piece of news came: Zhao Qicheng had acquired nearly 10% of the shares, bringing his shareholding to over 28%.
Upon hearing this news, Jiang Tiansheng couldn't help but feel uneasy, but he quickly calmed down.
With his current 49.4% stake, no one can shake his control over Zhaoan Real Estate.
Meanwhile, things are going very well for Henderson Land Development Company.
The stock price has continued to rise, and the market value has reached 19 billion yuan. Moreover, based on the current trend, it is expected to rise to 13 to 15 yuan, making it one of the top ten real estate listed companies in Hong Kong.
Jiang Tiansheng has already made a profit of 540 million yuan on his investment in Hengji Zhaoye Real Estate Company, and it is estimated that he will eventually earn more than 1400 million yuan.
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