Chapter 981 Completely Monopolize the Xiangjiang Power Market (4000-Character Chapter)

After arranging for Standard Chartered Bank to acquire Cao Guangbiao's equity.

Xia Yu also arranged for the British Bright Fund to prepare, and at that time, he was responsible for acquiring the 20% stake in Cathay Pacific Airways held by HSBC through HSBC Holdings, the parent company of HSBC in Hong Kong.

Then Wang Qi was asked to make an effective strategy for the Song family's situation to pave the way for subsequent actions.

In the end, Xia Yu went to set up Huo Yingdong in person, and explained his thoughts to him, hoping to acquire 16% of the equity of the Xiangjiang Airport Ground Handling Service Company held by him.

For Xia Yu's request, Huo Yingdong agreed without hesitation.

Xia Yu thought that after entering June, the first good news would be that Standard Chartered Bank successfully won the equity of Cao Guangbiao.

But he did not expect to receive the good news reported by Wang Qi first.

After long-term public relations and torture from China Electric Power Company Zhao Bo, the Kadoorie family was finally exhausted and chose to hold back their hatred and bow their heads.

The Kadoorie family agreed to transfer their 34 percent stake in Chunghwa Electric Power Company, but made a request to talk to Xia Yu in person.

And the statement location is No. 2 Snow Factory Street, Central, Hong Kong Island - St. George's Building!

This building is a 20-story Grade A commercial building built by the Kadoorie family in 1968. It is the landmark building of the Kadoorie family on Hong Kong Island.

Although he was a little surprised by the Kadoorie family's request, St. George's Building was not a Longtan Tiger's Den. Xia Yu asked Wang Qi to reply to the Kadoorie family, and he would arrive on time at nine o'clock tomorrow morning.

...

Early the next morning, Xia Yu brought a complete acquisition team and a team of bodyguards and drove to Snow Factory Street, Central, Hong Kong Island.

Under the guidance of the reception staff who had been waiting for a long time, Xia Yu and the others came to the top floor of St. George's Building.

After the receptionist opened the door, Xia Yu saw seven people sitting inside, and the middle one was Kadoorie and his son.

It's just that Lawrence Kadoorie was weak, and was supported by Michael Kadoorie to stand up. He didn't come to Xia Yu, but nodded slightly to Xia Yu with a calm expression.

Xia Yu didn't care either, he walked forward without haste, and extended his hand to Lawrence Kadoorie: "Mr. Kadoorie,

good morning! "

"Mr. Xia, you are welcome!"

"Please sit down!"

Lawrence Kadoorie said indifferently and lukewarmly.

Xia Yu didn't care about Roland Kadoorie's indifferent attitude. After all, he knew what he had done to the Kadoorie family in the past. Roland Kadoorie was so angry that he passed out. He could look so calm at this time. Not bad.

Xia Yu sat down with a big horse, and the subordinates who came with him also sat next to him, and the two sides were clearly divided.

There was nothing to talk about with Lawrence Kadoorie, so Xia Yu asked straight to the point: "Mr. Kadoorie, in order not to waste your time, let's start now, how about it?"

Lawrence Kadoorie nodded slightly and said, "I think so too."

Xia Yu immediately asked: "I want the equity of China Electric Power Company in your hands, can you make a price?"

Lawrence Kadoorie looked directly at Xia Yu, and said firmly: "The 34% stake, as long as you pay 900 million, it will be yours, our Kadoorie family has nothing to do with you anymore. ."

Xia Yu looked straight at Lawrence Kadoorie, the latter did not dodge, his eyes were still so firm.

Xia Yu couldn't help laughing, and said, "Mr. Kadoorie, you are talking like a lion. This price is simply unrealistic, you have no sincerity!"

According to Lawrence Kadoorie's offer, the 34% stake is worth 900 million Hong Kong dollars, which means that in his eyes, Chunghwa Electric Power Company is worth 2.647 billion Hong Kong dollars!

This price is simply ridiculous!

You must know that the market value of Chunghwa Electric Power Company was only 1.89 billion Hong Kong dollars at its highest in the past two years, before Xia Yusnily acquired Chunghwa Electric Power Company.

After the acquisition, China Electric Power Company was constantly tossed by Zhao Bo, its assets have been shrinking, internal conflicts are commonplace, and its stocks are also listed as junk stocks.

Now the market value of CLP Power is only HK$874 million!

According to the current market value, the equity value of CLP Power held by the Kadoorie family is only HK$297.16 million!

Roland Scardoor's asking price is more than three times the actual value!

It is higher than the market value of the entire Chunghwa Electric Power Company!

No wonder Xia Yu laughed at his lack of sincerity.

"Mr. Kadoorie, if I accept your price, then tomorrow the whole Xiangjiang will laugh at me as a fool with too much money and nowhere to spend it, do you believe it?"

Xia Yu leaned forward slightly, crossed his hands on the table, and asked with his head tilted.

Before Lawrence Kadoorie could speak, his son Michael Kadoorie couldn't bear it any longer, and choked out: "Mr. Xia, everyone understands, and he said it directly, if you didn't let Zhao Bo maliciously transfer assets , and suppressed the stock price, will China Power Corporation be kicked out of the Hang Seng Index and become a junk stock now?”

"If Chunghwa Electric Power Company was a junk stock company, would you still sit in front of me and talk to us?"

"If you don't enter the China Electric Power Company, then according to the normal situation and the overall market trend, the company's market value has definitely reached more than 2.5 billion Hong Kong dollars!"

"If you want to buy our family's equity at the current market value, then I believe there will be many companies in the United States and Europe that are willing to pay more!"

"We promised to withdraw from the transfer of equity, but this does not mean that we are easy to bully!"

The four ifs, the last sentence, and the angry expression, Michael Kadoorie instantly gathered his momentum.

It's just that Xia Yu couldn't feel the pressure. He knew that Michael Kadoorie was just a paper tiger.

The Kadoorie family can completely sell their shares to foreign companies, but someone has to ask for it? They have to really want to do it!

Given the current situation of Chunghwa Electric Power Company, foreign companies that do not understand the situation will not bid a high price even if they want to buy it. If they know the situation, they will hesitate to accept this hot yam.

Furthermore, if the equity is really sold to a foreign company, then the Kadoorie family is choosing to make the already bad relationship between the two parties even worse.

Other assets of the Kadoorie family are basically in Hong Kong, including companies in the fields of real estate, textiles, carpets, and rubber.

With the current power of the Jiuding Consortium, if Xia Yu deliberately wants to fight with them, then the future of their Kadoorie family is completely predictable, and the Jiuding Consortium can contain the Kadoorie family in all directions.

Officially, considering that "people have to bow their heads under the roof", the Kadoorie family held back their hatred and negotiated with Xia Yu. Everything was for the future interests of the family.

Because Xia Yu had this understanding in his heart, he didn't care about Michael Kadoorie's final bravado.

Since the Kadoorie family has already shown a gesture of surrender, there is no need for him to be cheap and be good at it, so as to save some face for them.

I saw him smiling lightly and said, "Mr. Kadoorie, I never thought you guys were easy to bully, and I didn't even think about it. It's just a matter of fact."

"I didn't say that it should be calculated according to the current market value, but since you think it's inappropriate, then I'll give you Kadoorie family a face, and at the current market value, a premium of 40%."

After speaking, he looked at the subordinate next to him and said, "How much is it?"

The subordinates had calculated for a long time, and immediately reported the result: "The premium is 40%, which is 416 million Hong Kong dollars!"

Xia Yu smiled again and looked at Lawrence Kadoorie, and said, "Mr. Kadoorie, my price is already very sincere, right?"

"I usually buy companies, and most of the time, they are at par or lower prices, and when they are at a premium, the highest is a premium of 20%!"

Michael Kadoorie raised his brows, just about to argue, but was stopped by Lawrence Kadoorie.

I saw Lawrence Kadoorie looked at Xia Yu sharply and said, "Mr. Xia, the assets that the Chunghwa Electric Power Company has shrunk are in the Heungkong Electric Lighting Company, which is your company again, and you have encroached upon our interests, and now But pretending to be generous, is this too much?"

Although Xia Yu did this, he couldn't admit it.

He shook his head and denied: "Mr. Kadoorie can't talk nonsense, why is Chunghwa Electric Power Company listed as a junk stock, the reason is that the company's management is chaotic, the business situation and revenue are very bad, why is this happening, and it's not because you no longer Opposition on the board for the sake of disapproval?"

"Which of the proposals Zhao Bo proposed to the board of directors is not beneficial to the company?"

Xia Yu's accusation is a fact, and the public opinion outside is also the same, so of course Lawrence Kadoorie will not argue with Xia Yu in this regard, and it is untenable.

So he took a step back, maintained his decency with high-sounding words, and made another offer.

"The development of the company has something to do with all members. The reason why we oppose it is because the proposal is unreasonable and will bring huge risks to the company."

"We need to take responsibility, but only a small part. In order to express our family's responsibility, I can take a step back, and the price is 100 million Hong Kong dollars lower, only 800 million!"

...

The two sides took a step back, and the price negotiation was finally on the right track.

Next, not only did Xia Yu and Lawrence Kadoorie negotiate, but negotiators from both sides also participated.

After more than an hour of intense negotiations, the price of the two sides has been extremely close.

Xia Yu's side quoted 600 million Hong Kong dollars, and the Kadoorie family quoted 620 million Hong Kong dollars.

Xia Yu and Lawrence Kadoorie looked at each other, and both fell into silence, as for the others, they didn't speak.

Everyone present knew that the final decision was in the hands of two people, and there would only be one more bid, depending on who spoke.

Xia Yu knew that in today's negotiation, the price is not what Lawrence Kadoorie really cares about, and talking about more than 600 million Hong Kong dollars is enough to save face.

What he cares more about is other things, which is also the key point that Lawrence Kadoorie needs Xia Yu to negotiate in person.

Before Xia Yu came, he was ready.

Based on the performance of the Kadoorie family in the negotiation just now, Xia Yu was willing to give it.

Anyway, in his opinion, the other assets of the Kadoorie family have nothing that he needs.

I saw him smiling and said: "Mr. Kadoorie, since we have reached this level, let's each take a step back. I will add 10 million Hong Kong dollars, 610 million Hong Kong dollars!"

"Without the burden of Chunghwa Electric Power Company, and an extra HK$610 million, I believe that with the abilities of you and Mr. Kadoorie, the Kadoorie family will have a smooth road in other fields."

"I think we will still have opportunities for win-win cooperation in the future, and it must be pleasant."

"What do you think?"

Lawrence Kadoorie narrowed his eyes and gave Xia Yu a deep look. A smile appeared on his wrinkled old face, and he said with a deep meaning: "Mr. Xia has never missed his remarks on the capital market, and now he is open to us. The prospect of the future will certainly not be wrong, then it is your blessing."

"This is definitely not wrong, I wish the Kadoorie family a bright future!"

Xia Yu folded his fists and smiled calmly, the smile also contained deep meaning.

Lawrence Kadoorie and Michael Kadoorie breathed a sigh of relief. After looking at each other, Lawrence Kadoorie instructed his subordinates: "Get the contract ready."

After that, the subordinates of both sides got busy together, and soon a complete contract was drawn up. After confirming that there were no traps, Xia Yu and Lawrence Kadoorie officially signed the contract.

In the end, Xia Yu had a transaction contract and a certificate of equity in front of him.

After Xia Yu signaled his subordinates to put them away, he got up and extended his hand to Lawrence Kadoorie.

The latter stood up with the help of Michael Kadoorie, and stretched out his hand to shake Xia Yu's hand.

"Mr. Kadoorie, thank you for your generosity!"

"I have to trouble you to arrange for someone to go to Jiuding Bank with me later, and all the money will be transferred to your account in HSBC."

Xia Yu smiled and said to Lawrence Kadoorie.

"No problem, I'll let Michael go with you later." After Roland Kadoorie finished speaking, he looked at his son again, who nodded immediately.

Considering that it was approaching noon, Xia Yu immediately took Michael Kadoorie to Jiuding Bank.

St. George's Building is located in the Central Ring of Hong Kong Island. The headquarters of HSBC is 50 meters away, and Jiuding Bank is only more than 40 meters away from St. George's Building.

Liu Tianci received Xia Yu's instructions yesterday, so he stayed at the headquarters all morning.

When Xia Yu arrived with Michael Kadoorie, he immediately arranged for personnel to transfer funds and put the funds of 610 million Hong Kong dollars into the account designated by Michael Kadoorie.

Then he personally accompanied Michael Kadoorie to HSBC, and agreed with Shen Bi on the follow-up transfer procedure of the funds.

Of course, Xia Yu didn't care about these things anymore.

All he knew was that after taking over the Kadoorie family's equity, in addition to the 3.6% that he still held in the hands of the public, he actually already held 96% of Chunghwa Electric Power Company. point four of the equity.

In addition to the wholly-owned Heungkong Electric Lighting Company, he completely monopolized the power market in Heungkong and became a veritable king of electricity!

On the afternoon of the same day, Zhao Bo, President of China Power Corporation, formally applied for delisting to the oldest Hong Kong Stock Exchange.

Despite repeated persuasion by the shocked chairman of the board of directors of the Hong Kong Stock Exchange, in the face of Zhao Bo's resolute attitude and high shareholding ratio, he could only sigh and sign and approve.

On the afternoon of the same day, the exchange suspended the stock of Chunghwa Electric Power Company and issued an explanatory announcement. After the news came out, the exchange was shocked and the whole Hong Kong was shocked, and then the impact spread to Southeast Asia at a rapid speed...

PS: The purchase price of 610 million is actually at a loss for the Kadoorie family. Before the market value of Chunghwa Electric Power Co. fell, it was around 1.89 billion, and Xia Yu’s previous purchases were at least 20% premium.

Xia Yu has another title of ''The King of Electricity'' on his head. Don't you vote to congratulate him?

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