Chapter 121 The first round of the battle for the Wharf
On September 5, all the financial news in Xiangjiang only focused on one thing.
On this morning, Bao Yugang, the world's ship king and the richest man in Xiangjiang, held a press conference and officially announced that the Bao Yugang family had acquired 20% of the shares of Hutchison Whampoa and officially became the tiered largest shareholder of Hutchison Whampoa!
Before this, Jardines Group was the only one who could hold 20% of the shares of Hutchison Whampoa.
According to the Company Law of Xiangjiang, once an institution or individual holds 16% of the shares of a company, he or she will directly become a director of the company without the need for election.
Jardine Whampoa, who had known this news a few days ago, was forced to announce that Whampoa welcomed all friendly investors to join in and become a member of the Whampoa family. Sir Bao Yugang and his son-in-law Mr. Wu Guangzhen have been allowed to join the board of directors of Whampoa to hold important positions.
It is helpless for Bao Yugang and Wu Guangzhen’s father-in-law and son-in-law to join Hutchison Whampoa.
But what Newbijian said about arranging important positions for them was also farting. How could he let two Chinese people decide on the affairs of Hutchison Whampoa?
So what if Bao Yugang is the richest man in Xiangjiang?
Jardine Mausoleum is also the No. 1 Consortium in Xiangjiang, much more powerful than you!
But beyond the surprise of Niu Bijian, Bao Yugang responded to his remarks enthusiastically and called politely, saying that this was just a strategic investment and that all the Hutchison Whampoa business in the future would require Jardinet to worry about it. My son-in-law Wu Guangzhen is just here to study and study.
Nuo Bijian didn't believe in Bao Yugang, but Bao Yugang's low posture still made him feel very comfortable.
However, he did not relax his vigilance. The Jardines Consortium was suppressing the stock price of Hutchison Whampoa before. Now, from the first day when Bao Yu announced the news, he immediately ordered his subordinates to do their best to buy goods in the stock market and increase the shares of Hutchison Whampoa in his hands.
But where are stock investors fools?
The investors in Xiangjiang are even more of monkey spirits.
Since Bao Yu has just joined, how could he be willing to surrender?
This is definitely going to seize control, and Hutchison Whampoa must continue to raise prices!
I'm selling it now, wouldn't I be stupid?
On the one hand, Jardines Consortium is desperately trying to buy goods, and on the other hand, the investors are tightly covering their pockets. With the imbalance of supply and demand, the stocks of Hutchison Whampoa have been rising all the way since the morning and soaring in the afternoon. By the end of the afternoon, they actually rose 39%, reaching HK$35 per share.
Looking at the rising stock market, Bao Yugang and Wu Guangzhen smiled bitterly.
Bao Yugang has four daughters, and his second son-in-law Wu Guangzhen is the most talented and his most desirable successor to the family.
If you say that Bao’s rich man is very open-minded, he will not think that the property is only passed on to his son or daughter. The son-in-law is also his own person, so he can naturally entrust him.
Wu Guangzhen did not disappoint Bao Yugang. After more than ten years of hard work, he has developed very good abilities. Compared with his father-in-law, the only difference between him is his experience of time and some grasp of the overall situation.
"This time, we were hurt by Li Chaoren." Wu Guangzhen said with disgust, "He is good. He didn't say that he sold the stock to us at a high price, but he even made news. We only acquired 20% and had to make it public! Even if he was 10 days later, he would be interviewed! At that time, we had almost 30% of the shares and could directly announce the full acquisition!"
Li Chaoren has been acquiring shares of Hutchison Whampoa since last year, and has acquired a total of about 20 million shares.
He first sold 10 million shares to Jardinet in June, and then sold 10 million shares to Bao Yugang last month. Not only did he make a profit of up to hundreds of millions, he also got a favor from Bao Yugang.
However, just when Bao Yu was about to continue to acquire Hutchison Whampoa shares, news came from there that Li Chaoren had already sold his Hutchison Whampoa shares to Bao Yugang to the reporter who interviewed him.
Li Chaoren called himself and said that he was negligent, so he leaked the news, but it was obvious that Wu Guangzhen did not believe it very much.
Wu Guangzhen felt that Li Chaoren was called watching the tiger fight across the mountains, watching the Bao family fight with Jardine Mahjong, and then he could catch up with troubled waters and gain greater benefits.
Li Chaoren is not the current one who is very domineering in the future and has been ranked in the ranking of wealthy people in the Xiangjiang River for decades. He is just a rookie with great potential. Compared with Bao Yugang's wealth and reputation, he is just a younger generation.
Wu Guangzhen was really unhappy that a younger generation dared to play tricks in front of his father-in-law, and he was so inferior.
What he admires most is Bao Yugang, who regards Bao Yugang as his teacher and father. Someone who plots against Bao Yugang like this is to be an enemy of him.
"Don't be so angry, it's just a business." Bao Yugang looked openly and said with a smile, "This person is very good. He has a very accurate vision of opportunities and will definitely have a great future. You can try to get along with him and see if you can find some opportunities to cooperate in the future."
Wu Guangzhen did not reply, but he was not as free and easy as his father-in-law. Now Li Chaoren has given him such a bad impression. I think Wu Guangzhen will only be wary of him in the future and will not cooperate with him sincerely.
"So now, do we want to continue?" Wu Guangzhen turned to another topic.
"No need." Bao Yugang smiled, "The market is like this now, who else is willing to take action? After the popularity fades, we will slowly acquire it. We don't have to worry. It would be best if we can do this silently. After all, Yihe is not easy to mess with. If we cannot succeed in a battle, we can only flow slowly."
"I understand, I will follow up on this matter." Wu Guangzhen said, "I will also remain silent on the board of directors."
Bao Yugang nodded, "You don't have to pay attention to Xiangjiang for the time being. This year and next year, the most important thing for us are two things. The first is to maintain close ties with the Japanese shipbuilding industry, keep an eye on their trends, and actively cooperate with them so that our shipping business can develop as much as possible. Second, you have to run more in the mainland. Not only the Pearl River Delta, the Yangtze River Delta, and the Huajing area, you have to go for more contact."
"But, I'm not familiar with Huajing." Wu Guangzhen pondered.
"If you are not familiar with it, you have to work hard. The development of the mainland will be changing with each passing day. If you want to seize the opportunity, you can only cooperate with them more." Bao Yugang said, "Not to mention anything else, Japan's ship operation industry is so developed. If our country's population of 800 million is developed, will it be worse than them? Food, clothing, housing, industrial industry, etc., which one is not a great opportunity for shipping?"
"I'm afraid it's a bit too early to say this now?" Wu Guangzhen said, "I went back to Shanghai and looked around. I was still very behind. If I want to change this, how could I do it in less than thirty or fifty years?"
Bao Yu just smiled, "I still have to praise Li Chaoren on this point. He is different from what you think. Do you know Derun Group?"
"I know, Mr. Chen founded it, and it is the first state-owned capital in China." Wu Guangzhen said.
"I received the news that Li Chaoren has cooperated with them and took over a huge amount of land in Tin Shuiwei in June and prepared to jointly develop it."
"Tianshuiwei?" Wu Guangzhen laughed silently, "What can be developed there? It is even more remote and desolate than Lantau Island!"
"No matter what the results are, I'm talking about attitude." Bao Yugang said, "Li Chaoren is actively moving closer to the mainland. Otherwise, with such a smart person, how could he not know that the development of Tianshuiwei would be difficult at all? Since he did this, it would not be an economic need."
"I understand." Wu Guangzhen's face turned solemn, "I will go find a relationship. In terms of future development, the Bao family cannot be behind others."
"Well, it's best if you think so." Bao Yu just laughed, "Guangzhen, your ability, knowledge and demeanor are outstanding, but you can go further, so you still need to keep learning and growing, do you know?"
"yes!"
Wu Guangzhen said respectfully.
If there is someone in this world who can convince him, then only his father-in-law in front of him.
...
Today's September 5th, it is less than a month since Yin Jun bought the stock of Hutchison Whampoa.
Yin Jun's stock worth 25 million has risen to 35 million, making a full 10 million!
But Yin Jun just took a look and stopped caring about it.
Now the stocks of Hutchison Whampoa will rise sharply for a while, but as Bao Yu was really silent, many people were disappointed and gradually sold out the stocks in their hands.
In addition, the performance of Hutchison Whampoa this year is average, and when it is disclosed at the beginning of next year, it will drop a little further, and it will even fall back to around HK$25.
It was not until the second half of 1979 that as real estate continued to improve, Hutchison Whampoa, which owns a lot of land, became more and more valuable, and its price soared to around HK$77 in June 1980.
And at that time, it was time for Bao Yugang and Niu Bi to fight resolutely.
Yin Jun never thought that he would buy low and sell high to make the difference. What he wanted was the result two years later, rather than short-term benefits.
What's more, he doesn't have so much energy to stare at the stock market all day long. As long as he knows that in two years, the 25 million can become 100 million.
Of course, when the price drops and he has money, Yin Jun will actively replenish his position. After all, such a profitable and stable business still needs to be cherished! (To be continued.)
Chapter completed!