After hanging up the phone, Fu Song had a headache and was about to return to China at the end of the month. Who should be responsible for the matters in the United States?

Originally, he planned to let Tan Bingliang take responsibility, but he talked to him not long ago. He made it clear that he was not interested in venture capital and was afraid of messing up, so he would not do anything.

Who else can I find besides Lao Tan?

Suddenly, he remembered a candidate. This person should have returned to the United States now. Thinking of this, he picked up the phone and called Lu Renhe...

The next day, Fu Song met the person he was looking for in the terrace cafe of the Peninsula Hotel in New York.

"Mr. Bao Weishi, no, I should call him Mr. Bowles, please sit down."

It was not someone else who came, but Powers, a former strategic consultant to Jardine Group's Grand Ban Simon Kessek.

Before serving as the strategic advisor of Jardine Group's chairman, Powers had been working in Wall Street investment banks, serving as an executive of several investment banks, and was a well-known professional manager on Wall Street.

After Bowers resigned from Jardine Group, Simon Kessek recommended Bowers to Lu Renhe. After Lu Renhe repeatedly weighed the pros and cons, he went to ask him out of the mountain, but was rejected by Bowers.

It’s not that Powers takes Joe’s airs, but that he doesn’t want to stay in the sad part of his career in Xiangjiang. He returned to the United States shortly after resigning and is still unemployed.

Bowles looked at Fu Song with his exploratory eyes and said, "Mr. Fu, Mr. Lu said you will provide a job with a good salary. What do I need to do?"

Fu Song smiled without comment, made a gesture of invitation, looked up at the sun, and said, "There hasn't been such a good weather in New York for a long time, which reminds me of the day I had afternoon tea in the Peninsula Hotel in Xiangjiang half a year ago."

Bowles picked up the cup, took a sip of steaming coffee, and smiled and said, "Shanghai Hotel is indeed a good hotel brand, and I also like it very much."

Fu Song said: "So there are many people who have the idea of ​​it."

Bowers said: "Liu Luanxiong is not the end of the troubles of the Jiadaoli family. Although the Jiadaoli family repelled Liu Luanxiong's invasion, in order to avoid proposing a full acquisition to other small shareholders, they did not directly buy back 30% of the equity of the hotel held by Liu Luanxiong. Instead, through international allocation, a considerable portion of the shares were sold to institutional investors. At present, the Jiadaoli family's control in the hotel is still less than 30%. This fragile control is too easy to attract covetousness."

Fu Song nodded and asked, "If you were to run and acquire the hotel group, what would you do?"

Not only did Liu Luanxiong like Peninsula Hotel, but after staying in Xiangjiang for two months, Fu Song also fell in love with Peninsula Hotel. If you have the chance, it would be nice to acquire the Grand Hotel Group.

Bowers said: "There are real acquisitions and fake acquisitions. Mr. Fu asked if it was real acquisitions or green extortion?"

The so-called green extortion was a common method used by American corporate snipers in the 1980s. This method was to use its own assets and loans to acquire shares of a company. When the shares were acquired to a certain amount, it threatened the management of the acquired company. In order to avoid newcomers from taking over, the management of the acquired company had to buy back the shares of the company held by the sniper at a high price.

Green blackmail also has a twin brother called leveraged acquisition. The principles of the two are exactly the same. They both use a small amount of their own assets to acquire the target company through leveraged financing. Once there is no hope of leveraged acquisition, they will naturally turn to green blackmail.

The "stock market sniper" Liu Luanxiong's road to fame has actually been accompanied by green extortion. Although money is fast, Fu Song has no interest in it.

"The high-quality assets of the Shanghai Hotel Group of the Jiadaoli family must be taken over by themselves if they have the opportunity."

"I don't know what chips you have yet," said Bowles.

Fu Song smiled faintly and said, "Just treat yourself as Mr. Lu and talk about this acquisition from his perspective."

Bowles knew that this was a school exam by Fu Song. His answer was good or bad, which determined whether he could get the job and the treatment of the job, so he cheered up and said, "If Yuantu invested in acquiring the Shanghai Hotel, I think it would be easy."

"Oh? So confident?" Fu Song had a bad impression of Powers, thinking that he was just a boastful person. "The market value of the hotel group is not low. What if Yuantu Investment does not want to spend too much money?"

In the stock market crash more than two months ago, the Shanghai Hotel Group of the Jiadaoli family was also not spared, with its stock price falling by nearly 40%. In recent times, its share price has rebounded to HK$50 per share, with a net asset value of nearly HK$7 billion, or US$900 million. Its strength is no weaker than the United Hotel Group, which owns three major brands: Mandarin Oriental Hotel, Shangri-La Hotel and Hong Kong Hilton Hotel.

Once a full offer is initiated, the funds will be required, and it is likely that even 8 billion Hong Kong dollars will not be able to be paid.

Bowles smiled and said, "No need to spend a penny."

"Even if it is a leveraged acquisition, you must have a certain amount of own funds." Fu Song was puzzled and looked up at Wall Street. "I know you have a lot of connections on Wall Street, but I couldn't think of any bank that would help you so kindly. Wall Street would never do anything without profit or business with too much risk."

Bowles shook his head and said, "Mr. Fu, Wall Street is too far from Xiangjiang. My suggestion is to list the United Hotel Group on the Hong Kong stock market."

"Oh? United Hotel is on the market? How to operate it specifically?"

"I have worked at Jardine Map before and have a very clear understanding of the asset value of Mandarin Oriental Hotel, which is worth at least HK$5 billion, while Guo's Shangri-La Hotel has almost HK$3.5 billion in assets, which means that United Hotel's assets are at least HK$8.5 billion."

Fu Song nodded. Powers' valuation was almost very close to the evaluation value of the third-party evaluation agency during the restructuring process.

"After the United Hotel is listed, I think there will be a premium of at least 20%, and maybe 30% is also possible. That is, a market value of 10 to 11 billion Hong Kong dollars, and taking out 20 to 30% of the shares can raise 20 to 33 billion Hong Kong dollars."

"This little money is far from enough to acquire a hotel."

"Mr. Fu, of course this little money is not enough. But we can use United Hotel's stock and stock subscription warrants as bait, plus the cash raised from United Hotel's listing, cash plus stocks, which is enough."

This is a solution, but Fu Song still shook his head and said, "Although the solution is feasible, it cannot guarantee absolute controlling rights."
Chapter completed!