Wednesday, May 4th.

Three companies, Jardine Matheson, Yice and Land, announced their trading suspension. On the same day, Yice announced that it would purchase the shares of Land held by New World, Cheung Kong, Henderson and Huaxin at a price of HK$8.95 per share, accounting for 10% of the total issued shares of Land.

8.2%, involving 1.834 billion yuan.

The sudden flameout of the land acquisition war suddenly extinguished the war, and market participants were greatly disappointed. Yice purchased the 8.2% additional shares, increasing its total land shares from 26% to 34%. This did not trigger a full acquisition, but also greatly strengthened the

the holding capacity.

What is puzzling is that the agreement has an additional condition, which stipulates that the Chinese-funded consortium participating in the acquisition shall not get involved in the land equity within seven years. Why did the Chinese-funded consortium withdraw from the acquisition so quickly and sign this "shameful" agreement?

There were divergent opinions for a while, but the Chinese-funded bosses remained tight-lipped.

...

Back to New Era Group, the company has absorbed a large number of Baohua Construction shares through secret purchases in the market, increasing its holdings to 43%; of course, even in secret purchases, the price is higher than 8.3 yuan, at 8.3 yuan

~about 8.8 yuan.

In the conference room, Lin Zuhui had already calmed down and was arranging the next layout.

"New Era Group issued an announcement this evening: it will fully acquire Baohua Construction at a price of 8.8 yuan per share."

The price of 8.8 yuan is equivalent to a little more than twice the price before the takeover war. This time New Era Group is equivalent to a loss of 200 to 300 million yuan. However, Baohua Construction is still worth the money; Baohua Construction also has a Baohua Building

, the value is also around 300 million.

Baohua Construction can build skyscrapers and hotels, and it is among the top ten construction companies in Hong Kong. It is very important to the future territory of New Era Group, so Lin Zuhui will not care if he spends a little more money.

Although Hysan Real Estate is using the slogan of shaving its head, it is actually just trying to control a construction company and enhance its own reputation.

Liang Botao nodded and said: "Well, basically on Friday we can announce the first acquisition of 51% of the equity and declare success!"

For New Era Group, it has already offered a 'sky-high price' of 8.8 yuan. As long as the shares reach 51% first, the acquisition will be successful. Even if the shareholders holding the remaining 49% do not sell, the acquisition will be successful, which will be beneficial.

New Era Group took control of Baohua Construction without spending any more money.

Lin Zuhui added: "Since we have already secured the victory, we don't need to put too much energy on it! We have to prepare immediately: Chinese Land and Cathay City will issue 10% new shares and sell them to New Era Group."

Liang Zhenxun immediately said: "We are already applying to the Stock Exchange and it is expected that we can officially issue an announcement next week!"

Lin Zuhui said regretfully: "After this round of stock market crash, I originally planned to privatize Cathay City, but at present, we can only choose to give up."

Everyone nodded, it was indeed true!

After the stock market crash, New Era Group spent a full 4 billion on the land and the old building above it (including the property above Lam Tin Metro Station). Now it is buying the land above Enping Road and the building above Baohua Construction (in cooperation with Chinese Real Estate).

A large amount of money was spent on new shares of the subsidiary, and it is estimated that the debt will return to 4.5 billion (more than 300 million was repaid during the period).

"But it doesn't matter. By increasing the shareholding of the two subsidiaries to more than 45%, I have achieved my minimum goal!" Lin Zuhui comforted himself again.

As a result, New Era Group has only one unfinished plan in this round, which is to privatize Furama Hotel. This plan is not a problem in any case. Cathay City owns 51% of its shares, and no one has

You can participate in bidding.

As for the remaining 49% of the shares, Lin Zuhui plans to privatize it in the name of his family, which is expected to involve 700 million yuan (a premium of 30%).

.......

Hysan Real Estate.

In the conference room, Li Dingchang, the third generation successor to Li Hysan, was sitting in the chair of the board of directors and seemed to be in a very good mood.

Li Dingchang is the son of Li Hysan's fifth son, Rongjie. After obtaining a bachelor's degree in civil engineering from the University of Manchester in the United Kingdom, he once worked as a lawyer in the Supreme Court of England and Wales. After that, he officially entered the family business and officially took over the board of directors of Hysan Real Estate this year.

Chairman, let Hysan Land return to the leadership of the Lee family.

In 1981, after the death of the second-generation successor, Hysan Real Estate began to recruit managing directors around the world; that is to say, in these seven years, Hysan Real Estate actually adopted a professional manager model.

Therefore, after Li Dingchang regained control of Hysan Real Estate, he was eager to change the company's always "conservative" image, so he joined the acquisition battle of Baohua Construction.

Sure enough, he received the expected good results. Hysan Real Estate not only dominated the public opinion and morality in this acquisition war, but also hoped to win Baohua Construction.

Paul Ware Construction is a good company. If acquired, Hysan Properties will be even more powerful.

"How many shares of Baohua Construction have we acquired?" Li Dingchang asked.

"Chairman, we have acquired 15% of Baohua Construction's shares, plus the 15% from its major shareholder, which is equivalent to our owning 30% of the shares."

"Okay, I believe we will soon be able to increase our shareholding to more than 45%. By then, we will only need to control Baohua Construction at a very small cost!"

In Li Dingchang's mind, as long as Hysan Real Estate acquires more than 30% of the shares, plus 15% of the shares of the major shareholder of Baohua Construction, and a small amount of shares of other shareholders, he will win in one fell swoop without launching a comprehensive acquisition.

.

The price is not high, much smaller than the price of a hostile takeover by New Era Group!

What he cares more about is defeating Lin Zuhui!

That was 'Lin Chaoren' who had just defeated Li Chaoren twice. Doesn't this mean that he had defeated Li Chaoren?

.......

In the evening of the same day, Liang Botao, the financial consultant of New Era Group, officially announced that New Era Group held 43% of the shares of Baohua Construction and, in accordance with securities regulations, would conduct a comprehensive acquisition of Baohua Construction at a price of 8.8 yuan per share.

After Li Dingchang heard the news, he urgently found someone for consultation.

"How did New Era Group's shareholding increase from 32% to 43%?" Li Dingchang said with a confused look.

Logically speaking, even if there were investors who wanted to sell their shares from Monday to Wednesday, they would go to Hysan Land to register, because their bids were two-thirds higher than New Era Group's.

"It was acquired through a black market, and the minority shareholders of Baohua Construction were basically sold to New Era Group," the acquisition consultant said.

Li Dingchang's face suddenly became stiff. He had not thought of this move, and no one at Hysan Real Estate had thought of this move.

"If it goes through the black market, the stock price should be more attractive than 8.3 yuan per share!"

"Yes, it must be higher than our purchase price!"

After thinking for a long time, Li Dingchang asked again: "Do we still have a chance to fight back?"

The acquisition consultant said: "It may be too late. Their shares will almost increase to more than 47% tomorrow. Moreover, the price is too high!"

It was Li Dingchang who originally proposed to acquire Baohua Construction at a price that was two-thirds higher than that of New Era. The acquisition consultant did not suggest this; but Li Dingchang insisted on this because he wanted to make Hysan Real Estate less conservative. , changing the outside world’s impression of Hysan Real Estate.

Therefore, at this time, since New Era Group has made a bid, there is basically no time for Hysan Real Estate to bid again. After all, it is the weekend soon.

The price of 8.8 yuan per share is absolutely tempting. It is already more than double the price before the takeover war. Others can buy it in one day.

The key now is that Hysan Real Estate cannot make a profit from this acquisition. Their cost is 8.3 yuan.

The only gain is that Hysan Real Estate made New Era Group suffer a big loss and won praise from some people.

"Okay, let them win! We will sell the stock to them later and we can make millions at least!"

Earn a p, once the acquisition fee is paid, Hysan Real Estate will not make money, the senior management thought in their hearts.

The only good thing is that there was a wave of good advertising, but Liang Zi also accepted it.

...

On Friday evening, New Era Group announced that it holds 52% of the shares of Baohua Construction, and the acquisition was successful. At the same time, it also announced the launch of the redevelopment plan for Nos. 2 to 38 Yun Ping Road.

Why is there no No. 1? Because it is the property of the Hysan family!

Public opinion was in an uproar.

New Era Group will not announce a reconstruction plan at this press conference for no reason, and reporters who are familiar with the terrain quickly guessed that this is the home of Hysan Real Estate.

In other words, New Era Group is fighting back against Hysan Land.

For a time, the media began to prepare topics for tomorrow's report.

In the evening, Lin Zuhui was still working overtime and listening to the report of the building merger team.

The merger went smoothly, but the price was also high. A total of 26 owners from 2 to 38 En Ping Road all agreed, but nearly 300 million in cash was consumed, with an average premium of 25%.

This is still the impact after the stock market crash. If the real estate market reaches its peak, this price may not be enough.

"Go and talk to the Lee family about the acquisition of No. 1 Yun Ping Road. They have no reason to refuse!"

"OK!"

Of course, there is no reason to refuse. After all the owners have approved the redevelopment plan, you disagree with a single unit; the important thing is that you are a real estate developer. If you let your business friends know that you are "fixing buildings", you will be scorned and your reputation will be scorned. It will stink up the streets.

And once Hysan Properties is labeled as a "nail house", as long as they rebuild the property in the future, those from all walks of life will have to "nail house" them.

...

The next day.

The media in Hong Kong have written a lot about the battle between New Era Group and Hysan Land; if you stop my acquisition, I will build the building right at your doorstep.

For a time, the citizens of Xiangjiang were fascinated.

After Li Dingchang saw the news, he immediately lost his composure, because the annexation of Enping Road was in Hysan Real Estate's current plan; in fact, this plan was planned to be implemented soon. Hysan Real Estate was preparing to build a 31-storey building. A high-end commercial building with a floor area of ​​RMB 620,000.

"Lin Zuhui, you are so cruel!"

For a moment, Li Dingchang knew that he was completely defeated this time.

A high-end commercial building with more than 600,000 square feet is worth at least more than 1 billion, not to mention that it is one of the core plans of Hysan Real Estate.

Baohua Construction failed to acquire the property and lost a high-end commercial building.
To be continued...