Chapter 265: Determined to Swallow up the Hong Kong Electric Light Company!

Historically.

There were two classic takeover battles about Hong Kong Electric Company.

The first one was in the early 1980s, when Hong Kong Electric Company was acquired by Hong Kong Land Company and became a British-owned stock.

On April 26, 1982, the share price of Hong Kong Electric suddenly rose sharply. The lowest price of the day was 6.3 yuan, which was more than 1 yuan higher than the closing price of 5.13 yuan on the previous trading day. The highest price of the day was 6.75 yuan.

After the market closed, Jardine Matheson announced that it had purchased 222 million shares of Hong Kong Electric on behalf of its client that day. This client was the British-owned Hong Kong Land Company.

Land Company purchased nearly 35% of Hong Kong Electric shares at a premium of 27% to 31%, becoming the largest shareholder.

The second time, on January 22, 1985, Hutchison Whampoa Limited of the Chinese-owned Li Ka Shing family used HK$2.903 billion in cash to acquire 450 million shares of Hong Kong Electric held by Hong Kong Land Company at a price of HK$6.4 per share, holding 34.6% of Hong Kong Electric shares and becoming its largest shareholder. Hong Kong Electric Company also changed from British shares to Chinese shares.

At that time, Hong Kong Land Company was heavily in debt and on the verge of bankruptcy. Simon Joseph took the initiative to send personnel to Li Ka Shing to discuss the transfer of Hong Kong Electric shares.

From this transaction, Hong Kong Land Company obtained nearly HK$3 billion in cash, and the company's financial situation improved immediately.

Li Ka Shing, on the other hand, obtained the controlling stake of Hong Kong Electric at a discount price of 13.5%. The closing price of Hong Kong Electric the day before was HK$7.4 per share, and Hutchison Whampoa's acquisition price was HK$6.4 per share, which was really a big bargain.

According to Yang Ming's idea, when the Joseph family first acquired the Hong Kong Electric Company, the goal was good, because the Hong Kong Electric Company itself was very profitable, with at least hundreds of millions of Hong Kong dollars in stable dividends every year, or even higher.

Later, Jardine Matheson Land did so because it had to do so because it was frightened by Chinese capital at the time and had to be saved through cross-holding.

So Simon Henry Joseph became the boss of Jardine Matheson Land and could only sell the shares of the Hong Kong Electric Company to save Jardine Matheson Land.

Now it is completely different.

Li Jiacheng was not able to swallow up Hutchison Whampoa.

Hutchison Whampoa and even Jardine Matheson Land have been taken into Yang Ming's pocket.

The strength of Li Jiacheng and his Cheung Kong Group is far worse than in history.

As for Bao Yugang now, after Yang Ming sorted out the Hong Kong First Shipping Group, he and his two sons-in-law have completely focused on their own maritime kingdom, and the abandonment plan has been completely abandoned by the Bao Yugang family.

Li Jiacheng is powerless.

Bao Yugang has given up on abandoning the boat and landing.

Yang Ming now has sufficient funds, so he can naturally swallow up the Hong Kong Electric Company, and it is even logical. Moreover, this time Yang Ming swallowed up the Hong Kong Electric Company to prepare for the next investment.

"As for the Hong Kong Electric Company, before this, there has been no family-based major shareholder. Among them, I have asked people to buy 11% of Hong Kong Electric shares half a year ago, let Wharf buy 7% of Hong Kong Electric shares, let Hutchison Whampoa buy 5% of Hong Kong Electric shares, and Jardine Land has also bought 5% of the shares. Now these add up to 28% of the shares, and have long been the largest shareholder of Hong Kong Electric Company. However, it is far from the time to control the company. This time, we can buy more shares of Hong Kong Electric Company by purchasing more shares at the end of Christmas, so as to achieve control, or even complete control."

Because the Hong Kong Electric Company is completely different from Wharf and even Jardine Land.

In addition to becoming the largest shareholder, the Empire Group does not need to purchase more shares at a high price like it did with Wharf and Jardine Land.

Basically, as long as the stock price is about 30% higher, investors who own shares of Hong Kong Electric Company in Hong Kong will sell them, because according to the current situation of Hong Kong Electric Company's shares, others can no longer compete with the Empire Group.

Historically, Hong Kong Electric Company was actually acquired by Mai Lisi.

Now, Yang Ming is also ready to hand over the acquisition of Hong Kong Electric Company to Mai Lisi.

"Mailisi, you will be in charge of the battle for the acquisition of Hong Kong Electric Company."

"Boss, me?"

Compared with the thrilling acquisition battles of Wharf Holdings and even Jardine Matheson Land, it is obvious that Hong Kong Electric Company seems to be much easier.

When Yang Ming and the Empire Group acquired Wharf Holdings, they had to target Li Jiacheng and prevent Bao Yugang, and also sneak attack Jardine Matheson Land.

The acquisition of Jardine Matheson Land also had to face Niu Bijian and the Joseph family.

Yang Ming's acquisition of Hutchison Whampoa, he knew it would be more difficult.

Because what he had to do was to prevent Li Jiacheng and Bao Yugang from gaining Shen Yi's trust and support, then he had succeeded.

However, according to the situation at the time, the acquisition of Wharf and Hutchison Whampoa were also closely related.

"Yes, I'll leave it to you. I hope you can successfully control the Hong Kong Electric Company at the lowest price. I won't say the rest. I'll leave it to you to preside over it."

Yang Ming didn't stay any longer.

He went out alone.

When he went out.

Yang Ming thought that Ah Zhu, Zhong Chuhong, and Guan Jiahui had already rested, but now the three women hadn't rested yet.

Guan Jiahui came alone and didn't bring anything. When she came here, she was wearing the new skirt that Ah Zhu gave her, which looked relatively new.

"Aren't you asleep yet?"

"Master, today is Christmas. I wonder if I can receive a gift from Santa Claus?" Ah Zhu asked with a smile.

"What gifts do you want?"

Yang Ming was rarely happy now.

When Ah Zhu and Zhong Chuhong's gifts were nothing more than some clothes, books and the like.

"Guan Jiahui, you don't want candy, do you?"

"Mr. Yang, I don't want candy. I want to see the dazzling fireworks."

Watch fireworks?

It's Christmas now.

Yang Ming didn't know whether fireworks were set off in Victoria Harbor?

He remembered that there were fireworks programs in Victoria Harbor during the Spring Festival.

"Fireworks?"

"Yes."

"Then you wait."

. . .

Half an hour later.

Yang Ming returned to the study.

The meeting chaired by Mai Lisi had ended. Mai Lisi and others were determined to acquire the Xiangjiang Electric Company.

However, after all, there was only 28% of the shares. It was not impossible for someone to compete with the Empire Group for the Xiangjiang Electric Company.

If Yang Ming bought Wharf Holdings or even Jardine Matheson Land at ten times the share price, most Hong Kong stockholders would probably sell their shares of Hong Kong Electric Company.

Yang Ming knew that if the share price was increased by ten times, neither Li Jiacheng nor Bao Yugang would have the strength to do so.

As for John MacArthur of Wheelock, he was also busy expanding his shipping strength.

The Swire family of Swire was trying to keep their own industry as much as possible and could not expand outward.

In this case, Yang Ming's acquisition of Hong Kong Electric Company was actually very stable, and he could even swallow it at a low price.

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