When Li Zhizhong announced to the outside world that his father Li Mingze decided to sell shares in China Gas Company.
In an instant, it was like a tornado, spreading to every corner of Hong Kong.
Both British financial groups and top Chinese capital in Hong Kong are ready to move.
He wants to take over the treasure trove of China Gas Company.
Since the 1970s, Hong Kong has experienced a rapid population growth.
Gas has become an indispensable necessity for every household.
The China Gas Company, which holds the gas monopoly, is a gold mine that makes a fortune every day.
Although it is a public utility, the price is regulated by the Hong Kong government.
But if you accumulate a little bit, and you can have a stable cash flow, no big boss with vision will miss this big piece of fat meat.
Jardine Matheson took the lead and announced that it would invest HK$1 billion in cash and shares of Hong Kong Electric Company Limited worth HK$500 million.
The full acquisition of more than 7 million shares of China Gas Company held by Li Mingze can be said to be full of sincerity.
This powerful declaration shocked all the citizens of Hong Kong and officially announced the strong return of the first British financial group.
At the same time, it will be published publicly in major newspapers and periodicals.
It will purchase all the shares of China Gas Company held by Hong Kong citizens at a price of HK$150 per share.
This made some shareholders who held China Gas Company shares ecstatic.
Many people went to the exchange points announced by Jardine Matheson to conduct transactions.
But veteran stock investors chose to sit on the sidelines and watch, because these people are old hands who have been in the stock market for many years.
Naturally, their vision is a hundred times better than that of a newbie entering the stock market.
They were keenly aware that China Gas Company might be caught up in a battle like Hutchison Whampoa, so they kept their hands off and prepared to wait and see.
As expected, just when all the citizens of Hong Kong were waiting for Li Mingze's response.
The official announcement of the news immediately occupied the front page headlines of all media newspapers in Hong Kong.
Li Mingze transferred more than 7 million shares of China Gas Company to Li Ka-shing, one of the four major Chinese families.
The price was HK$800 million in cash and Henderson Land Development shares worth HK$400 million.
The announcement of this news made veteran shareholders who had not sold their shares in China Gas very happy.
This made the stock market novice who had just sold his shares to Jardine Matheson feel regretful.
Li Ka-shing immediately announced to all citizens of Hong Kong that he would buy out all shares held by China Gas Company shareholders at a price of HK$160 per share.
The fight between Jardine Matheson and Li Ka-shing instantly attracted the attention of all the wealthy tycoons in Hong Kong.
Everyone wants to know who will come out on top in this battle between Chinese capital and British financial groups.
This also made HSBC, Standard Chartered Bank, Bank of East Asia and Far Eastern Bank instantly popular.
Because these four banks all held shares in China Gas Company, the news subsequently announced by Far Eastern Bank instantly shocked all citizens of Hong Kong.
The news was that two weeks ago, a Marriott venture capital firm paid a high price to acquire the 1.06 million shares of China Gas Company held by it.
Just as the outside world was speculating about the true identity of Marriott Venture Capital, Bank of East Asia also announced two weeks ago that Marriott Venture Capital had also paid a high price to acquire shares of China Gas Company.
Since the price was not agreed upon, the sale was not made. It was also stated that the 1.04 million shares of China Gas Company currently held were transferred to his fourth uncle Li Ka-shing.
Standard Chartered Bank also followed suit and announced that Marriott Venture Capital had approached it two weeks ago to acquire shares in China Gas Company.
It was then stated that all of the 2.24 million shares of China Gas Company currently held had been transferred to Jardine Matheson.
Just as the outside world was speculating about the true identity of Marriott's venture capital firm, a big gamble was taking place in the Ruitai Securities office building on Healthy West Road, North Point, Central, Hong Kong Island.
"Mr. Mo! All funds in Ruitai Securities' account have been used to purchase shares of China Gas Company, at a total cost of HK$735 million. We now hold a total of 12.4 million shares of China Gas Company, representing 35.4% of the total share capital, including 1.06 million shares of Far Eastern Bank."
A serious look appeared on Wang Pengfei's face, and he immediately handed the report on the acquisition of China Gas Company to Mo Zhexuan.
If they really want to take over China Gas, the price they will have to pay will be even greater. They will have to take over at least 5.25 million shares of China Gas.
The price per share has now risen to HK$180 per share. Based on this price, at least HK$1 billion in cash is needed, which is too expensive.
"Good! You've done a great job. Now let all the employees go back and rest! You've all worked hard during this period. I'll reward you after the acquisition of China Gas is finalized."
Mo Zhexuan carefully looked at the report handed over by the other party. Although there was a hint of worry between his brows, he appeared calm on the surface.
Instead, he started thinking about how to take on the tough challenge of HSBC. Ever since he learned that Jardine Matheson had entered the market, he mortgaged HK$300 million to Hang Seng Bank through a ton of gold bars melted by Xie Liyuan Gold Shop.
This is because Hong Kong immigrants overseas are frantically exchanging gold. Otherwise, the price of gold would not have skyrocketed so quickly, and the maximum they could mortgage would be 150 million Hong Kong dollars.
Subsequently, he pledged 40% of Fragrant Duck's shares to Hang Seng Bank in exchange for HK$1 billion in cash. This was the result of disclosing all of Fragrant Duck's financial statements to Li Guowei.
If it weren't for the huge prospects of Fragrant Duck and some other cooperation, it would undoubtedly be a fantasy to get this 1 billion Hong Kong dollars in cash.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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