Chapter 25 Temptation Continued
Unlike Pao Yugang's Chinese-style steady progress, Jardinet Company was straightforward. After Chen Chonggang finished talking with Shu Qi, Qiu Siyu told him that Nubijian called him to have dinner at the Peninsula Hotel at 6 pm.
"Yimah is worthy of being the king of foreign businesses. She is very arrogant. She only sent an invitation when it's time to dinner. This is not a treat, it's a rush to put it on the shelves."
"Then go?"
"Go, of course, go, arrogance is a good thing, especially when talking about business." Chen Chong pressed the button on the desk while speaking, and the wall on the right opened silently, revealing a wardrobe, with a row of clothes neatly hanging inside, and the color and accessories were matched in advance. He took out a set and said, "Go and notify Yuan Tianfan and ask him to bring the draft that had been negotiated in the afternoon and go with me."
"OK."
Talking about business at the dinner table is a unique skill for Chinese people. There are many tricks in it. The British only learned a superficial form, so this dinner lasted for more than half an hour and it ended in a bad mood.
"Mr. Nvbijian, Mr. Bao Dafu, I would like to remind you two, if I sell the shares in my hands, you will be on par with Bao Yugang. If I resell them to Bao Yugang, he will hold 40 Hutchison Whampoa shares. There is no need to force the position of 49 largest shareholder, and you can drag the Land Group to death. Which one is more important, please think deeply." Before saying goodbye, Chen Chong signaled Yuan Tianfan to put the documents on the dining table and said, "I will put this draft here. Do you take it away? Anyway, I will go to the mainland tomorrow and come back in a week. If you are still interested, we will talk about it."
After walking out of the Peninsula Hotel and getting into the car, Chen Chong asked Yuan Tianfan: "What do you think?"
"I only saw four words on the faces of Nvbijian and Bao Dafu." Yuan Tianfan smiled and stretched out four fingers and said, "I'm hesitant."
"That's right." Chen Chong laughed and said, "They were reluctant to leave Hutchison Whampoa and wanted to fight Bao Yugang, but they were worried that they would be attacked from behind and lose their power. The former king of foreign companies had no intention of becoming king."
"The so-called Feng Shui turns and retribution comes." Yuan Tianfan also laughed and said, "If Jardinea Foreign Company hadn't been too greedy and had just swallowed up the milk company without raising a penny, it wouldn't have fallen to its current level."
Jardines Foreign Company was founded in 18 years and made its fortune by opium trade and opium smuggling with China. After Hong Kong opened its port in 1841, Jardines moved its headquarters to Hong Kong, and its power once expanded to the entire China. Its business expanded from opium to shipping, trade, finance, real estate, industry and other fields, becoming the most famous diversified and comprehensive enterprise group in old China. It is said that "wherever there is trade activities, there will be Jardines Foreign Company", and is considered the king of foreign companies.
After 1949, Jardines Co., Ltd. lost all its assets in the mainland and retreated all its business to Hong Kong. In the 1960s, it ranked first among the four major overseas banks in Hong Kong. Fortune once reported the Hong Kong power rankings at that time, namely Jockey Club, Jardines Co., Ltd., HSBC, and finally the Governor of Hong Kong. It can be seen that Jardines Co., Ltd. was so prominent at that time.
Land Land Group was co-founded by Paul Chata and Jardine Co., Ltd. in 1889. It is the main enterprise of Jardine Co., Ltd. Before Li Ka-shing's Cheung Kong Industrial rose, Land Land was the largest real estate developer in Hong Kong. It owns a large number of high-quality real estate in Central and is considered the "crown jewel" of Hong Kong's real estate industry.
In 2019, the Hong Kong Undersea Tunnel was about to be opened to traffic, and Causeway Bay became the most prosperous commercial district in Hong Kong outside Central. Land prices rose sharply, so Land Group started the idea of a Hong Kong milk company.
Hong Kong Milk Company is also a British-owned company. It was founded in 18RU. It bought a large amount of land in Pok Fulin and Causeway Bay as a ranch, raising cows, selling fresh milk, and making ice cream. This kind of business method was understandable when it was a small fishing village in Hong Kong. But in the 1970s, it was still engaged in such a business, which was to chew steamed buns with gold coins...
The milk company has no controlling shareholder and its shares are very scattered. In 2019, Land Land Group adopted the method of stock exchange and splitting shares. Without spending a penny, it acquired the milk company, then converted the ice factory in Causeway Bay into a commercial building, and converted the pasture of Pok Fulin into a residential community. It made a big profit, but it also laid a hidden danger, because there are many shareholders of the milk company. After the stock exchange and splitting shares, Land Land Group's shares were scattered to many small investors, and Jardinet's controlling position opposite to Land Land was greatly weakened.
In 2019, Chinese companies in Hong Kong had just risen and could not threaten Jardine Mahjong's status. However, by 19RU, the situation was very different. The strength of Chinese companies has increased sharply. With the strength to fight against British capital, Hutchison Whampoa fell into Li Ka-shing's hands, which is a clear proof.
Jardine Whampoa's current situation is that if he does not issue new shares to raise funds, he will not be able to regain the controlling stake in Hutchison Whampoa from Bao Yugang. However, if he issues new shares, he is worried that Bao Yugang will secretly go to Chen Warehouse and abandon Hutchison Whampoa and acquire Land Group. Land Group is Jardine Whampoa's most core industry and cannot be lost, so he is in a dilemma.
"Taking property to exchange for the stocks in my hands is the best choice for Jardinet. Unfortunately, Njobijian wants the shares in my hands, but he doesn't want to pay too much." Shen Chong smiled and said, "The British are still too arrogant. They think I'm young and easy to fool, so they use Starlight for excuses. When Land bought Starlight from Ho Ying-Tong, it only cost only 37.5 million. Even if there has been more than ten times the value, it is only 400 million. Besides, what do I want a building from the 1960s to do?"
Starlight Walk is a commercial building that Ho Ying-Tong, Ho Hong, Ho Tian and other Hong Kong and Macao giants. It invested 300,000 UU to build in 2019. It has a 19-storey building and is located in the bustling area of Tsim Sha Tsui. It is one of the most famous buildings in Hong Kong in the UU era.
Ho Ying-tung was on the blacklist of Americans during the Korean War. After the completion of Starlight Store, he rented one of the large shops to the "Zhongyi" company that operates Chinese arts and crafts. Therefore, it was regarded as pro-communist and was jointly suppressed by the United States and the British government. The Americans claimed that all Starlight Store tenants could not sell American goods, and even American cash registers could not be used. The Hong Kong and British governments did not even call the tenants of Starlight Store tenants. Ho Ying-tung reduced the rent per square meter to 90 cents, but no one dared to rent it. In addition, Ho Hong was in a rebellion, and in desperation, Ho Ying-tung finally sold Starlight Store to Land Group for HK$37.5 million.
After buying Starlight Store, Land Group quickly rented and sold out all the money, making a big profit. This twists and turns made Ho Ying-tung lose his heart to continue to explore the Hong Kong real estate market. If there was no Starlight Store turmoil, with Ho Ying-tung's financial resources and the relationship between the mainland, maybe Hong Kong in the 21st century would not be "Li Jiacheng" but "Ho Jiacheng"...
Chen Chong didn't even want the Prince's Building in Central, and the Starlight Tour in Tsim Sha Tsui was even more disliked, so he refused Jardine Mahjong without hesitation. The gap between the two sides was too big, so there was no need to continue talking.
"What Mr. Chen means, regardless of Jardine Mahjong, sell the stock to Pao Yugang?"
"No hurry, I see that both sides are accumulating their strength, and it is not yet time to fight for life and death. In other words, the stocks in our hands still have room for appreciation." Chen Chong tapped the leather seat with his finger and said very wisely: "You go and check if Bao Yugang has travel plans recently. Jardinet Foreign Company is at a disadvantage. It is very likely that he will launch a sneak attack while he is not in Hong Kong."
Chapter completed!