"After our calculations and assessments, Jardine Matheson's holdings should be between 22% and 25%, Li Ka-shing's holdings are 26.3%, and if we add the 5% held by Li Mingze, the total is 31.3%."
Wang Pengfei nodded in agreement, handed the information he had collected about competitors to Mo Zhexuan, and gave a brief introduction to the relevant situation.
"Goldstone Securities currently holds a total of 25.5% of the shares. After acquiring HSBC's 5.86% and Far Eastern Bank's 2.2%, Walmart's holdings now stand at 8.06%. The total investment was HK$462 million. Adding the HK$200 million you withdrew, we still have HK$838 million left. So, our total holdings are 33.53%..."
As time passed, the huge office became quiet, with only the rustling sound of turning pages echoing in the air.
After Mo Zhexuan carefully read the information, he took out two cigars from the cigar box, handed one to Wang Pengfei, and lit it himself before puffing away. His brows furrowed deeply as he slowly spoke:
"I'm afraid Jardine Matheson will give up the acquisition. The next battle will be between us and Li Ka-shing."
"That's impossible! Ever since Jardine Matheson lost Wharf Holdings, one of its two arms, Hongkong Land, under the leadership of Executive Director and General Manager Bao Guofu, has changed its previously conservative and steady investment strategy and has embarked on a massive expansion. They won't give up on acquisitions easily, right?"
Wang Pengfei conducted a detailed investigation into the development trends of Jardine Matheson in recent years through a professional investigation company. The investigation was earth-shattering and shocked the whole of Hong Kong.
In 1980, Hongkong Land sold Golden Gate Building to the Guardian Group and sold all of its shares in Wharf Holdings, thereby making a large amount of non-operating profits and having ample funds. It then launched a series of large-scale development and acquisition activities.
In mid-March, Hongkong Land and Sino Group formed a consortium (holding a 40% stake). The two parties invested a total of HK$1.308 billion to purchase a 1.45 million square foot site in Pak Pik Shan, Tai Tam Road, Hong Kong Island, with plans to build approximately 400 villa-style luxury units.
In August of the same year, Hampton Inn & Suites Hong Kong reached a cooperation agreement with Guardian Group (holding a 35% stake). The two parties invested a total of HK$2.8 billion to purchase a luxurious site of approximately 68,000 square feet at the Miramar Hotel in the tourist center of Tsim Sha Tsui. They planned to develop a plaza-style high-end commercial building, which was once very popular. After the Guardian Group went bankrupt, Hampton Inn & Suites Hong Kong took over the project.
In December 1981, Hongkong Land and Jardine Matheson Investment Company jointly acquired shares of Hong Kong Telephone Company on the stock market, spending approximately HK$900 million and purchasing a total of 20 million shares at a price not exceeding HK$32 per share, accounting for approximately 21.9%. Together with the shares held by Jardine Matheson Investment Company, the total was 34.9%.
In February 1982, Hong Kong Land Development spent HK$4.755 billion to acquire a 144,000 square foot piece of land to the west of the Leisure Building in Central District, Hong Kong Island.
It dominates the real estate companies in Hong Kong and plans to build three high-end commercial skyscrapers with a planned construction area of 2 million square feet and an estimated total investment of approximately HK$8 billion.
In April of the same year, Hongkong Land and Jardine Matheson Investment Company set their sights on Hong Kong Electric Group, offering a price not exceeding HK$6.75 per share.
It absorbed about 220 million shares of Hong Kong Electric in the stock market, accounting for 34.9% of the issued shares, spending HK$2.6 billion, and completely occupied the position of major shareholder.
............
Jardine Matheson's investments through Hong Kong Land Development in recent years have already exceeded HK$10 billion. Now it has set its sights on China Gas Company and will not give up easily.
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