When I am reborn in Hong Kong, I just want to lie down

On Saturday, July 1977, 7, the headline on the front page of this morning's newspaper was 22%, occupying half of the page. America Rim Pacific (Hong Kong) Fund Company became the controlling shareholder and announced that a shareholders' meeting would be held on Monday to announce its acquisition of Wharf.

The sales of Today Morning News exceeded [-] copies that day, which shocked the whole of Hong Kong. However, the Chinese community in Hong Kong was not interested in this matter, thinking that it was just a dog biting a dog, and it was just a foreigner.

However, this news has also made some concerned people very uncomfortable. The land vacated by the original Wharf relocation is worth the entire market value of Wharf. This is a change in history. It cannot be seen in the short term. It is just a change of boss. In the long term, the impact will be huge.

On the morning of Saturday, Smith led a group of people to the Wharf headquarters, took the documents, and began to take over the Wharf. In the shocked eyes of those people, he quickly took over all departments, stopping all operations except the hotel and retail department stores. Projects and projects will be re-planned after all reviews are completed.

The current core projects of Wharf Group include real estate, shopping malls, hotels, and ports. Pacific Rim Fund hired DTT, one of the Big Four accounting firms, to investigate and audit Wharf's financial and operating conditions.

When New York University learned about the news from this morning's newspaper, Smith and his group had already entered the Wharf Group. He hurriedly came to Jardine's conference room, convened the board of directors, and summoned the executives to the meeting. He saw the entire conference room A group of dejected people knew that the situation was over, but they still wanted to make a last struggle.

"We are now contacting other major shareholders to ask them to support us. They only have 35.6% of the shares, which is still some distance from 49%. We have 20% of the shares. Let the small shareholders unite and stand with us. , we still have a chance.”

"Pacific Rim Fund is an outsider. They are not familiar with and do not understand how to run such a large comprehensive group, but we can do it. We have to convince these people. There is not much time left for us. We should contact them now, immediately. "

After the New Executive Officer gave the order, he returned to the office and sat slumped in the executive chair. He knew the possibility was unlikely, but he still wanted to save something; the phone on the table rang, and now he didn't want to answer it, but it kept ringing. , then answered the phone helplessly.

"What? That guy is so fast? He is a British leader, and he actually asked America's DTT to audit the group's finances, and also stopped projects and projects. What is he going to do?"

New York's top class hung up the phone harshly. Now he felt a little helpless. Dai Yingren was not as glamorous as he appeared on the surface. He knew that there were some things that could not be concealed. Before the Wharf moved, they had planned to vacate the empty space. Rebuilding a piece of land requires a lot of cash. If this continues, it will not provide cash flow to the controlling shareholder, and the stock price will drop significantly, so they cash out on the highs. The stock market crash a few years ago was apparently caused by fake securities. If If you dig deeper, you will find that it is related to the cash-out of these large foreign banks, and they want to transfer assets.Now, the consequences are coming, they will lose one of Jardine's wings, Wharf.

……

While the New York University class was in a state of panic, Li Bu was mingling with Smith's audit crowd. He came to witness this moment and take a look at his property. However, he was pretending to be Smith's friend and the interview leader of today's media. In fact, he was just pretending. Yes, he has been smiling since he came in. In the eyes of others, it is not Smith, the leader of the British, who has won, but he has won. In fact, it is he who has won; can he be unhappy if the sneak attack is successful?

From the materials of the group, he saw that the group owned Marco Polo Hotels Group, Lane Crawford Department Store, Harbor City project, the former site of the tram plant (later Causeway Bay Times Square), many terminals, and some other supporting companies. , you won’t know it until you see it, you will be shocked when you see it. These foreign companies are really rich in capital. They occupied a lot of land back then. The harbor city and the old tram factory site were leased for [-]. These British people really know how to play. Li Bu cursed in his heart, but these are all his now. What was taken away is now back in the hands of the country. He is bringing glory to the country. Isn't it wonderful?

……

At the Ship King's house, when the Ship King saw the news, he sighed slightly. He saw that shipping would usher in a low tide in the future and wanted to abandon the ship and go ashore. Now that real estate is in a recovery period, he came up with an idea. It is to acquire a company with a large land reserve, then go ashore and achieve a perfect turnaround. Among them, Wharf is his expected target, but this is the easiest one. He can only consider the next target, Hutchison Whampoa. Based on his relationship with HSBC With the relationship, it should be possible to win the Hutchison shares held by HSBC.

……

Time came to Monday, Wharf's shareholders' meeting. In addition to Smith from Pacific Rim Fund, New York Taipan from Jardine Matheson, and Baldy Liang were also present. Today Media held 3.1% of the shares, and Hengfa Securities held 2.3% of the shares on behalf of others. There are several representatives who hold no more than 15% of the shares in total, and there are many retail investors who hold no more than 20% of the shares. They are the largest number of people. There are still some who did not come, mainly because there are too few, and some People came, they held hundreds of shares and just came to join in the fun. There were also reporters from some newspapers, and they also bought some. In order to facilitate their entry, this time only reporters from Today Morning News were the only invited media.

At the shareholders' meeting, the host announces that the number of shareholders holding more than two-thirds of the total share capital meets the conditions for convening the shareholders' meeting.

The host said on the stage: "Due to a major change in equity, the first topic is now to elect the chairman of the board of directors. The current candidates are Mr. Smith from Pacific Rim Fund and New York University from Jardine Matheson. We will now vote."

The service staff of the conference began to count the votes. Of course, Smith would vote for himself. Then Liang Zhubald, Hengfa Securities, and several small shareholders with no more than 15% voted for Smith. More than 55% of the shares voted for Smith. Elected as Chairman of the Board of Directors.

The vote count of the New York University class was simply ignored, and it was a foregone conclusion.

After Smith was elected, he directly announced the decisions he had mentioned in the newspaper a few days ago, and then announced a reorganization of the board of directors. Smith occupied five seats, Jardine Matheson occupied two seats, and Liang Guangtou and Hengfa Securities occupied one seat. , and the few small shareholders who do not exceed 15% join together to occupy a seat. As the major shareholder, Pacific Rim Fund has a veto power.

When Pacific Rim Fund's Smith was elected chairman of the board of directors at the shareholders' meeting, his remarks quickly spread in the stock market. At the close of the afternoon, the stock price fell 16%, closing at HK$10.23.