Siheyuan: I am Jia Dongxu's cousin
Chapter 194 Reminder, Thinking
"I remember there were about seventy or eighty ships!" Bao Yugang answered without thinking, not understanding what Zhang Weiguo meant by this question.
"Seventy or eighty ships?" Zhang Weiguo pondered. This was not a small number. Global Shipping would probably have a hard time next year.
However, Zhang Weiguo couldn't say it too bluntly, otherwise it would be difficult to explain later, so he could only say it in a different way: "Brother Bao, how much cash flow can Global Shipping mobilize now?"
"I see there are a lot of oil tankers sailing around the world, so there should be a lot of oil reserves."
"The cash flow is sufficient. If we pool our money together, it will be no problem to come up with 7 or 8 million US dollars. But I can't compare with a rich man like you." Pao Yue-Kong replied sourly.
"As for the oil reserves, they are not that much. The main reason is that the price of oil is cheap now. If we store too much, the storage fee will not be a small amount."
Zhang Weiguo instantly turned into a PUA master and said, "Brother Bao, this won't work. With so many oil tankers at Global Shipping, how can we not store some oil? What if the price of oil goes up one day?"
Zhang Weiguo could only say this much, it would be difficult to explain more.
When Pao Yue-Kong heard what Zhang Weiguo said, he laughed and said, "Weiguo, you are worrying too much. Oil is very useful and its price won't go up just because it is expensive. But since you said so, it won't hurt to buy an extra insurance policy."
"Ah..." Zhang Weiguo sighed softly. Although Pao Yue-kong said that he would store oil, it was probably to save Zhang Weiguo's face. It was difficult to refute directly, so he probably just stored a symbolic amount.
However, Zhang Weiguo has said everything he needs to say. Since Pao Yue-kong does not take it seriously, one can only say that this is the fate of Global Shipping.
Although global shipping would be a little difficult at that time, it still survived in the previous life and made Pao Yue-kong the richest man in Hong Kong Island.
After that, the three of them chatted about many daily matters and left at lunch time.
2:42 p.m.
Inside the office of Zhang Weiguo of the Flower Planting Group.
Zhang Weiguo asked Lin Qing, "What's the situation in Mengcheng? How many Huaxing shares do we have?"
Lin Qing hesitated for a moment before replying, "Boss, I spoke to Meng Cheng on the phone this morning. They sold 2% of Huaxing's shares yesterday. We still have 51.23% of the shares in our hands."
"Well, inform Meng Cheng and tell him to seize the opportunity to cash out the remaining 30% of Huaxing shares as soon as possible."
"Good boss."
After Lin Qing left, Zhang Weiguo began to think about his next plan.
Meng Cheng and Xia Xingze are in charge of Huaxing, so I don't have to worry about anything. What other ways can I make money now?
Well! Without exposing those cutting-edge technologies!
Got it! Zhang Weiguo suddenly slapped his thigh and thought of something.
Zhou Xinian’s milk company!
I remember that a blogger from an economic zone on my previous website used this incident as an example many times.
The main reason is that this incident is also a classic commercial acquisition case. It was also a takeover battle with a greater impact on the Hong Kong stock market at that time.
The cause of the incident was that the Jardine Matheson Group's Hutchison Whampoa Company was attracted by the fact that the value of Zhou Xinian's milk company on the stock market was far from its actual value, so this classic acquisition case took place.
Zhang Weiguo searched for fragments of memories from his past life. He clearly remembered that at the end of October this year, Hong Kong Land announced a share swap plan that shocked Hong Kong Island. It was this share swap that allowed Hong Kong Land to acquire Dairy Farm without paying any price.
That’s right! Hong Kong Holdings is going to acquire Dairy Farm by exchanging shares without spending a single cent.
You should know that at that time the stock market price of Hutchison Whampoa had reached as high as HK$94, while the stock price of Milk Ice Factory had reached a peak of HK$135.
The milk company certainly won't want to change.
However, what made the Milk Ice Factory even more determined was that the stock price soared in just twelve days, reaching a new high of HK$200 per share.
Faced with this situation, the Milk Ice Factory finally responded on November 11: rejecting the acquisition proposal and calling on all shareholders to reject it together. Zhou Xinian gave a firm and powerful reason that the stock exchange would harm the interests of shareholders.
Of course, Hong Kong Land was not a pushover. Facing the resistance of the Dairy Farm Company, it took a series of substantial countermeasures directly against it.
First, a very straightforward approach was used: giving money.
You felt that you lost money by changing your hair before, so now I will increase the price for you, let’s see what you say.
Secondly, Hong Kong made use of newspapers to publish a number of questions to the dairy company.
Simply put, it is a war of public opinion.
Of course Zhou Xinian is not a pushover. Since you are like this, if I don’t respond, wouldn’t it make me look very embarrassed?
So the two sides exchanged ideas with each other, with great literary talent, but it gave the people of Hong Kong a big surprise.
The battle for the milk company lasted for three full weeks, but the winner was still undecided.
However, with only two days left before the final share exchange deadline, the Swire Properties suddenly launched a big move, dealing a fatal blow to Zhou Xinian.
That is to give money to shareholders.
And after all the fighting, the winner is ultimately determined by money.
However, at this time Zhou Xinian no longer had any money to distribute to shareholders, so he could only speak out in the newspaper, asking shareholders not to panic.
But they were powerless. On November 11, Swire Properties announced a shocking news: they had successfully acquired more than 29% of the shares of the Milk Ice Factory.
Since then, the milk company has changed hands.
You know, although the Hong Kong Land Development has been giving money to its shareholders, the money was not given directly, but in the form of Hong Kong Land Development shares. In other words, the only cash that the Hong Kong Land Development paid for the acquisition of the Milk Company this time was given to the newspaper.
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