Bao Junyi borrowed US$2.5 billion from Mitsubishi Bank by mortgaging stocks, exchanging it for over 14 billion Hong Kong dollars. Through his later trading techniques, he managed to control the confidence of Hong Kong stock investors and stabilize capital flight.
Under Yuan Tianfan's management, he continued to buy low-priced stocks of major companies.
This caused panic among major listed companies in Hong Kong, and both British and Chinese companies began to buy back their shares.
Everyone is worried that the control of the company will change hands accidentally.
Therefore, he specially asked a group of older generation Hong Kong tycoons such as Henry Fok and Philip Tung to call to find out the specific situation.
Bao Junyi, sitting in his office at this moment, smiled wryly and said, "Aren't we making too much noise?"
"Bao Sheng, this...maybe it is."
"We have bought into more than a dozen companies that hold most of Hong Kong's core assets, especially Cheung Kong Holdings, New World Development, Swire Group, Hong Kong Electric, and Hong Kong China Gas, and we are almost becoming shareholders."
"However, the funds from this loan have basically been used up."
Bao Junyi was surprised and said, "So fast? It should have burned for a week, right?"
“Yes, don’t you see how many stocks we acquired this time.”
"Although only a few stocks are close to 5% of the market share, the other listed companies are around 2% to 3%, so it is so fast."
Bao Junyi said with a dark face, "Doesn't that mean the group is now in debt of 2.5 billion US dollars and 2 billion Hong Kong dollars?"
"Well, yes."
"However, according to my boss's previous analysis, the Hong Kong stock market will rise in the next year. If we sell then, we should be able to make a profit of around HK$2-3 billion."
"Okay, let's increase it,"
"A portion of the $900 million in the group's account will be allocated for the privatization and delisting of Hutchison Whampoa."
"Okay, Baosheng."
However, the Hong Kong stock market has been in turmoil for half a month and has also been reported by major international media outlets.
The Times: "Miracle Group's Bao Junyi takes action, Jardine Matheson and Hutchison Whampoa face a major test of Chinese acquisitions, and the battle to rewrite the business landscape begins."
ABC News reported: "Miracle Group launches a major attack, the Chinese capital storm sweeps Jardine Matheson Land and Hutchison Whampoa, and the British giants face challenges."
Mao Xiong Guo Xin Bao: "Bao Junyi leads the Miracle Group in a fierce battle with Jardine Matheson Land, and strongly kicks off the acquisition of Hutchison Whampoa"
Sakura Asahi: "Miracle..."
This business war has attracted the attention of international news media, shocked some old-established conglomerates, and also felt the rise of new conglomerates.
......
At this time, in the conference room of Miracle Group.
Bao Junyi called the group's senior management to a meeting to discuss the development after the merger, including the privatization of Hutchison Whampoa, the split and merger with Wharf Holdings, and how to specifically divide the business scope.
Bao Junyi said: "In the future, Hutchison Whampoa and Wharf Holdings must further refine their business operations, make the division of labor clearer, and improve work efficiency and direction."
Jia Yuezheng said: "Wharf's core business is terminals and warehouses, but it also has interests in transportation, real estate, and retail."
"Among them, they are located in most of the docks and warehouses in Tsim Sha Tsui, Kowloon, the New Territories, and Hong Kong Island, as well as in Hong Kong cargo loading and unloading, storage and transportation, and import and export cargo transportation."
"Secondly, it owns the Star Ferry and trams. The Star Ferry is an important means of transportation between Hong Kong and the Kowloon Peninsula, while the trams are an important part of Hong Kong's public land transportation."
Bao Junyi said, "It's been over a year since Wharf Holdings was privatized. The internal situation is basically stable, so it's time to start the split and restructuring."
"It's totally possible."
"Wharf Holdings now has a wide range of businesses. In the real estate sector alone, it owns commercial buildings and hotel projects in Tsim Sha Tsui."
"Furthermore, it owns many commercial buildings, such as the shops in the shopping mall in Ocean Terminal, which also involve some commercial retail, and also creates a conflict with Hutchison's retail sector."
Qiu Shuzhen interrupted and reported, "According to investigations, in the early 1960s, Hutchison Whampoa acquired three long-established import and export firms: Watsons, Dehui Baoxiang, and Taihe Foreign Trade. These formed the core business of Hutchison Whampoa, which is now focused on import and export trade and wholesale and retail."
"Furthermore, according to statistics, Hutchison Whampoa Dockyard has a large amount of undeveloped land, as well as a large amount of cheap land in Kowloon and Hong Kong Island, and has become the invisible "landlord" of Hong Kong."
"Secretary Qiu is right. Furthermore, Hutchison Whampoa Dockyard, owned by Hutchison Whampoa, holds a significant position in Hong Kong's dockyard industry. It was quite established in the early 20th century, possessing the capacity to repair and build massive 10,000-ton ships."
"Furthermore, after acquiring Whampoa Dockyard in 1969, Hutchison Whampoa began to develop the container shipping industry."
"In 1972, Whampoa Dockyard and Kwan Yick Warehouse jointly established International Container Terminals Limited, investing in the construction of Kwai Chung Container Terminal 4. They subsequently acquired Kwai Chung Container Terminal 2, formerly operated by a Japanese company, and formed the largest container terminal group in Hong Kong."
“…”
Bao Junyi listened quietly without expressing his thoughts. He listened to the ideas of many executives and the meeting lasted more than four hours.
Finally, after comprehensive consideration, Bao Junyi decided to split the management.
Bao Junyi said: "Based on everyone's opinions, I decided..."
Wharf Holdings will retain Hong Kong's transportation network, including the Star Ferry and trams, as well as commercial buildings and hotel projects in Tsim Sha Tsui. Furthermore, Wharf Holdings will allocate the Whampoa Dockyard site, owned by Hutchison Whampoa, to Wharf Holdings for development.
"Wharf Holdings will focus on commercial real estate development and Hong Kong's transportation sector in the future."
Jia Zhengyue hesitated and said, "Mr. Bao, according to this classification, the future status and development direction of Wharf Holdings will be to focus on commercial real estate, supplemented by basic transportation facilities."
"Will that be the case?"
"Old Jia, don't worry. After more than a year of stable development, most of the internal management positions of Wharf have been replaced. There is no need to worry about the impact on the company's development."
"All right."
Bao Junyi smiled and continued, "As for Hutchison Whampoa, we will continue to focus on import and export trade and wholesale and retail. Using Watsons, Dehui Baoxiang Hong Kong, and Taihe Foreign Trade as our foundation, we will expand beyond Hong Kong, primarily into mainland China, Taiwan, Japan, and Southeast Asia."
"Also, Hutchison Container Shipping and Terminals and Wharf Terminals and Warehousing were merged."
"After the merger and reorganization, Hutchison Whampoa now owns a complete import and export ecosystem, including container transportation, warehousing, and terminals (Kwai Chung Container Terminals 2 and 4) as the core. This forms a complete closed loop for Hong Kong cargo loading and unloading, storage and transportation, and import and export cargo transportation."
Yuan Tianfan said in surprise, "Mr. Bao, if Miracle owns a complete supply chain including docks, warehousing, and container transportation, then Miracle Group can reduce costs in every link of the retail industry, squeeze out competitors' market share, and eventually, achieve a monopoly on the entire industry."
"And, it's OK..." "Brothers, thank you for your constant companionship and support. The author needs to look up a lot of information to write the content. If you feel there are any problems with the details, you can communicate with the author more."
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