Chapter 557【The Wave of Privatization and the Wave of Integration】

  A day in May.

  Wu Guangyao came to Wharf, surrounded by a group of executives, plus company employees and bodyguards, like a leader in his previous life.

  The five flagpoles are very conspicuous at the entrance, and the flags of five colors are waving in the wind, which is very magnificent;

   Seeing the harbor city under construction, Wu Guangyao was full of emotions;

  The Wharf Harbor City in the previous life accounted for 7% of the total retail sales in Hong Kong, with an annual rent of 10 billion. It is conceivable how profitable it is.

   "It's a pity that this 430,000-square-foot site, if a taller building can be built, it will be more perfect!" Wu Guangyao said with a sigh.

  Shi Jun heard Wu Guangyao’s words and felt a bit of disappointment;

   But Wu Guangyao's next words, let Shi Jun ignite his passion again!

   "However, with the development of aircraft take-off technology, it is only a matter of time before the altitude restriction is released!"

  Wu Guangyao knows that in the previous Wharf, there were five super buildings erected, each of which was as high as 40 stories. More importantly, these five buildings were still big fat people and looked very thick and strong;

  It is with these later buildings and shopping malls on the ground that the entire property area of ​​Wharf Harbour City is as high as 10 million square feet;

  You should know that a Yangtze River Center only has 2.51 million square feet of property, and a New World Center only has 3 million square feet;

  And a complete Harbour City, the property area has reached tens of millions of square feet.

   "That's great, the vacant site over there, just stay at that time, and show off!"

"Right on my mind!"

  At this time, less than half of the land where Wharf can develop high-altitude rights can be used;

   Therefore, the future Harbour City is probably half tall and half low.

  After visiting Harbour City, a group of people came to the conference room of Wharf Group.

   "I decided to privatize Wharf immediately!" Wu Guangyao said loudly.

  At this time, the market value of Wharf Group is only 700 million Hong Kong dollars, which is seriously underestimated!

  It is strange to say that the shares of Wharf Group have always been undervalued;

In the past life, in the late 1970s, precisely because the market value of Wharf was only about 1.3 billion Hong Kong dollars, Li Chao’s talents were like discovering the New World. Later, Wharf was undervalued in the hands of Wu Guangzheng’s family, and the market value was only 130 billion Hong Kong dollars. I know that the annual rental income has reached more than 10 billion Hong Kong dollars, and the price-earnings ratio is only 13 times.

  "How much does the boss intend to buy at a premium?"

  Shi Jun is also very excited, pretending to be poor these years, he can hollow out his mind as the president;

  It turned out that Wu Guangyao explained to Shi Jun that Wharf’s shares should be undervalued by Hong Kong Island investors;

   Therefore, Shi Jun can only take some measures to make Wharf’s financial situation very poor.

  At this time, Wharf’s bank borrowing funds reached 500 million Hong Kong dollars, and at the same time it issued 180 million Hong Kong dollars 8% interest convertible bonds, and 220 million Hong Kong dollars 7.5% interest bonds with warrants.

  Especially the 400 million Hong Kong dollar bond, which makes Wharf stocks directly unable to lift their heads;

  It turns out that some stockholders have dumped Wharf stocks to raise funds to purchase bonds;

  After all, this bond has interest, which is as high as seven or eight percent, while the bank only has two to three percent;

  At the same time, if this bond issues new shares in Wharf, it will be given priority to obtain new shares.

   "40% premium, I don't want to fight a protracted battle, I want a quick fight!" Wu Guangyao said decisively.

  Two weeks later, the Wharf has all belonged to Wu Guangyao;

  Of course, Wharf also controls these two listed companies-Star Ferry and Hong Kong Tram.

  While privatizing the Wharf Group this time, Wu Guangyao paid a total of 500 million Hong Kong dollars;

  For Wu Guangyao, it is as cheap as the price of cabbage!

After the privatization of Wharf, Wu Guangyao did not need to consider other factors. He waved his hand and injected 500 million Hong Kong dollars in cash into the Wharf account.

  The money is used for two purposes: first, to reduce debt; second, to purchase the land in Causeway Bay of the subsidiary Hong Kong Tram (that is, the Times Square land in later generations).

  Wu Guangyao's future plan for Wharf Group is:

  Construction of the first phase of Harbour City in the 1970s,

  In the 1980s, the second phase of Harbour City (the remaining land in Wharf) and Times Square (the land of the Causeway Bay Tramways) were constructed,

  In the 1990s, he invested in Plaza Hollywood, Diamond Hill, Kowloon, and invested in commercial real estate in the Mainland.

  It can be said that the future of Wharf Group may be the world's largest commercial real estate company.

  The privatization of Wharf has not subsided, and then Cheung Kong Industrial and Baiyou Group formed a joint company, Changyou Company, and announced the privatization of the Dairy Company.

  Suddenly, Hong Kong Island investors fell into ecstasy!

  Hang Seng Index can be described as twists and turns this year, with repeated tug-of-wars between 400 and 600 points.

  Affected by the privatization of Wharf, the Hang Seng Index directly climbed from 500 points to 550 points;

  Now, Changyou Company announced the privatization of Dairy Company at a premium of 35%, and investors are not happy!

  The reason why Wu Guangyao allowed Cheung Kong Industrial and Baiyou Group to form a joint company to privatize the Dairy Company would mean that the Dairy Company would be split;

  Baiyou Group acquired the dairy company’s own business—dairy farm, milk brand, ice making, and Cheung Kong Holdings acquired 2.3 million square feet of land for the dairy company (land in Causeway Bay and Pokfulam).

After the privatization of Wharf and Milk Company, Wu Guangyao finally stopped and decided not to privatize other companies for the time being.

  Although there is no privatization action, other actions of the Wu family are very big;

   People on Hong Kong Island think that Hong Kong’s real estate and securities are about to rise again.

  Qingzhou Yingni and Cheung Kong Real Estate reached an agreement, Qingzhou Yingni will sell 900,000 industrial land in Hung Hom to Cheung Kong Real Estate at a price of 50 million Hong Kong dollars;

  At the same time, Wu Guangyao sold his 35% Qingzhou Yingni shares to Cheung Kong;

   Therefore, Qingzhou Yingni will become a subsidiary of Cheung Kong Industrial.

  Originally, Wu Guangyao intended to directly privatize Qingzhou Yingni;

  However, the management of Qingzhou Yingniu persuaded Wu Guangyao to maintain Qingzhou Yingni's listing status and will receive special care from the Hong Kong government;

  At the same time, the management of Qingzhou Yingni is willing to accept the management of Changjiang Industrial Group.

  So, Wu Guangyao agreed to the request of Qingzhou Yingni's management!

  In Wu Guangyao's mind, Qingzhou Yingni maintains its listing status, which will also facilitate future investment in the mainland market.

Of course, 35% of Cheung Kong Holdings is just a stopgap measure, because Wu Guangyao sold 14% of its shares at the peak of the stock market in March last year. In the second half of this year, regardless of the Hang Seng Index, he will slowly increase his holdings of Qingzhou Yingni. Of shares.

  After some left hand to right hand, Wu Guangyao also has two companies with a large amount of land-Hong Kong Electric and China Pakistan;

  Among them, CMB’s land is only about 300,000 square feet, reserved for the 1980s and sold directly to Yangtze River Industrial;

  The land of the Hongkong Electric is too big, close to 4 million square feet, of which the North Point Power Plant is about 900,000 square feet, and the Ap Lei Chau Power Plant is about 3 million square feet, but these two plots are currently power plants;

  Only after the power plant is relocated to Lamma Island, large-scale housing estates can be developed on these two plots!

  The entire Ap Lei Chau in later generations will live a total of 90,000 people, and it is known as one of the most densely populated places in the world.

  These two large-scale housing estate projects are Li Chaoren’s classic works;

 The reason why later generations of Li Chaoren is more famous than other real estate developers;

  Rely on these large-scale housing estate plans!

  Therefore, Wu Guangyao is contented to grab it!

  　 I didn’t write at work during the day, and I got a **** at night! Why! Why! Why!

  　　 Strive to break out tomorrow!

  　　

  　

  (End of this chapter)