We're building a super chaebol in Hong Kong
#45 - Mr. Su has a lot of cash flow in his hands!
In the afternoon, Su Cheng set off again for Brown Ogden's estate.
This time, as it was a private meeting between the two, the estate was very quiet.
"Mr. Su, please sit down." It was the same reception room as yesterday, and Brown Ogden gestured with his hand.
"I'm disturbing Mr. Brown again," Su Cheng said with a smile.
"Mr. Su said yesterday that there was a big business deal to discuss with me. I wonder what Mr. Su is referring to?" Brown Ogden spoke very directly.
In fact, for people of their status, if it weren't for Chu Xuanyu's sake, and the special birthday gift Su Cheng gave him last night, Su Cheng wouldn't have been able to meet him so easily without clarifying things.
"Then I'll get straight to the point. I heard Mr. Brown mention yesterday that he owns 6.4% of the shares of Hong Kong-listed Hutchison Whampoa and has been looking for an opportunity to sell them. In fact, I'm here today for that very reason," Su Cheng said with a smile after taking a sip of hot coffee.
"Oh? Are you interested in Hutchison Whampoa?" Brown Ogden asked in surprise.
"Actually, I'm not interested in Hutchison Whampoa, but in Wharf. However, Mr. Brown should also know that in Hong Kong today, British companies almost completely dominate the scene. When I prepared to take Wharf for myself, Jardine Matheson wanted to stop our actions, and even called on HSBC to dissuade me.
Under such circumstances, if I really insisted on getting control of Wharf, I would definitely offend all the British consortia in Hong Kong. So, after careful consideration, I decided to give up Wharf and plan to reinvest in controlling a listed company.
To get Wharf, I started planning five years ago. At that time, I didn't have much capital, so I could only slowly absorb Wharf's shares on the stock market. As I earned more and more money, until this year, I finally became a major shareholder of Wharf. I originally thought that I could finally get my wish, but things didn't turn out as simple as I imagined," Su Cheng said with a wry smile.
In front of these foreigners, he had to hold back a little. Su Cheng didn't want to reveal everything.
"I didn't expect Mr. Su to have such an experience. I think Mr. Su is only in his early twenties, right? You started planning five years ago?" Brown Ogden said with some surprise.
"Yes, Mr. Brown, I am currently 22 years old. Five years ago, I received a sum of 1 million Hong Kong dollars. Over the years, through continuous investment with this initial capital, the available funds in my hands have multiplied many times. Over the years, as long as I earned money, I would take out a sum of money to secretly increase my holdings of Wharf's shares. I didn't expect that I would fall short when I was about to succeed," Su Cheng said, shaking his head with emotion.
"As far as I know, Wharf's market value is not small. To be able to go from 1 million Hong Kong dollars to controlling 23% of the shares today, Mr. Su is also a remarkable person!" Hearing this, Brown Ogden was even more shocked.
One or two profits might be luck, but going from a million in capital to billions in assets must have involved countless successes to reach this point. This cannot be said to be purely based on luck, but rather a real possession of strength.
"Just good luck," Su Cheng said with a smile.
"So, Mr. Su is now planning to choose Hutchison Whampoa as the next target?" Brown Ogden asked with a smile, not dwelling on the matter of luck with Su Cheng.
"If possible, since Wharf cannot be taken for my own use, and I happened to hear Mr. Brown mention Hutchison Whampoa yesterday, then I had the idea of Hutchison Whampoa. Naturally, I want to control Hutchison Whampoa, but the difficulty is too great. After all, Hutchison Whampoa is now controlled by HSBC. To control Hutchison Whampoa, unless I take HSBC's part for myself, but the difficulty is even greater than that of Wharf. So, my current goal is to be the second largest shareholder first, and then develop slowly," Su Cheng thought for a moment and said.
"If Mr. Su wants to acquire the Hutchison Whampoa shares in my hands, I wonder what price Mr. Su can offer? If it's according to the stock market price, I don't plan to sell," Brown Ogden said directly.
"I wonder how Mr. Brown views the future development prospects of Hong Kong?" Su Cheng didn't directly state his bottom line, but instead asked.
"The future development prospects of Hong Kong? Actually, I don't know much about Hong Kong. I don't have many industries there, but I have encountered many British consortia withdrawing their capital from Hong Kong one after another. It seems that they are not very optimistic about the future of Hong Kong," Brown Ogden thought for a moment and then said.
"Not only British consortia, but more or less, even we Chinese are also a little worried. To be honest, Mr. Brown, this time I came to London to prepare to invest heavily in Europe. To this end, I have already negotiated a price with the seller in these two days and will soon purchase a 21-story commercial building worth 10 million pounds. At that time, I will vigorously develop commerce in London. This is also the reason why Uncle Chu brought me to your birthday party yesterday," Su Cheng said with a smile.
To make Brown Ogden eager to sell the shares in his hand, and also to prevent him from asking for a random price, then the only way is to make Brown Ogden full of worries about the future of Hong Kong. In this way, he will be more eager to dispose of the Hutchison Whampoa shares in his hand.
"It seems that Mr. Su has a lot of cash flow in his hands," Brown Ogden was more and more surprised.
"Then I wonder what Mr. Brown's intended selling price is? You name a price, and if it's suitable, I'll buy it directly, and the funds will be transferred to you on the day the contract is signed," Su Cheng said directly.
This time, Brown Ogden fell silent.
He was thinking about how much to sell to Su Cheng.
He knew the price on the stock market, and it had been fluctuating around 5 Hong Kong dollars for the past few months.
But if he sold at this price, he wouldn't make much profit.
"How about this, Mr. Su, let's use the stock market price of 5 Hong Kong dollars per share as the base, and add a premium of half as the transaction price," Brown Ogden said after considering for a long time.
Coincidentally, the price he said was actually the transaction price that he and Shen Bi had agreed upon.
Perhaps this is fate.
"Mr. Brown, this price is a bit high. After all, you only control 6.4% of the shares. If you had more, it would be fine, but I'm only buying this 6.4%, and the price is so high, it's not very meaningful. Then I might as well slowly acquire them on the stock market," Su Cheng said directly.
"Don't worry, I have two friends who initially financed Hutchison Whampoa with me. Now, one of them holds 5.3% of the shares, and the other holds 4.8% of the shares. If Mr. Su agrees to this price, I am confident that I can get them to sell their Hutchison Whampoa shares to you!" Brown Ogden said with a smile.
Su Cheng once again received unexpected news.
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