Chapter 97: Hutchison Whampoa Privatization and Delisting



"As for the global shipping ship repairs and small 10,000-ton ship manufacturing you mentioned, they can all be handed over to Miracle Heavy Industry. However, please do not publicize it to the outside world and attract the attention of the industry."

"Understood, thank you, Daddy."

Bao Junyi and Bao Yuguang talked about the development direction of global shipping and its future positioning until noon, and then had lunch together before leaving.

afternoon.

Located in the top floor office of Miracle Group Building.

Jia Yuezheng reported, "Mr. Bao, the Qi Dezun family sent a member of the clan to Hong Kong to negotiate. After three days of communication, they finally agreed to sell the Hutchison shares to us."

"However, they demanded the transaction price at which we completed the acquisition, otherwise they were unwilling to sell their shares."

"What the hell are they thinking? They still want the price before we acquire enough shares?"

"Tell them that if they don't agree, I will issue additional shares through a targeted offering, which will continue to dilute their shares until they are willing to sell."

"Bao Sheng, this won't..."

"Don't worry, Lao Jia. We have reached an absolute controlling stake of 51% in Hutchison Whampoa. As long as their demands are reasonable, we will take it over. Otherwise, I will dilute them until they vomit blood."

"Bao Sheng, I understand."

"Tianfan, how is your finance department doing now?"

"Mr. Bao, as you requested last time, when we acquired shares in most of Hong Kong's core enterprises, everyone holding shares in each enterprise felt insecure and invested real money to buy in."

"Ultimately, this caused the Hong Kong stock market to rise abruptly in a V-shape."

"The shares of major Hong Kong companies we previously bought have generally risen by more than 35%, and some have even reached more than 60%."

Bao Junyi nodded with satisfaction and asked, "How much did we earn this time?"

"Since we bought during a period of market panic, if we sell now, we can make a profit of around HK$2.8 billion. If we wait a little longer, the profit can reach around HK$3.9 billion."

"In addition, if we acquire all of the Hutchison Whampoa shares held by the Qi Dezun family, it would cost between 400 and 600 million US dollars."

"How much money is left in the group account now?"

Qiu Shuzhen said, "The finance department now understands that the group's account has $768 million."

"In addition, the group's sales at the Paris International Motor Show reached $1.568 billion. Excluding the order from Prince Shatsur, the majority of these orders were from distributors or wealthy individuals. The 30% down payment of $470.4 million has already been deposited into the group's separate account."

"The group now has a total of $1.238 billion."

Bao Junyi nodded and said, "Old Jia, keep an eye on the car factory. Complete this batch of orders as soon as possible. At the same time, there must be no problems with the quality of the first batch."

"Bao Sheng, I'll keep an eye on it."

"Tian Fan, I will reserve 600 million US dollars for you to complete the negotiations with the Qi Dezun family as soon as possible."

"If you really don't want to, then you can only dilute this path slowly."

"It's just that the group's overall layout will be slower."

"Bao Sheng, I will do my best to win."

"Well, the group will continue to recruit talents in science and engineering, especially those who are good at physics and mathematics. At the same time, we also need to cultivate a group of employees who are loyal to the group, especially the talent training program for mainland China."

"The group allocates a fund every year to support outstanding talents in impoverished areas in the mainland. After graduation, they are evaluated and recruited to the company for internships, starting from the grassroots level."

Secretary Qiu Shuzhen asked, "Bao Sheng, isn't it too early for the group to start a training program now?"

"We can recruit in the market without wasting money or energy."

"Haha, the group has a huge talent shortage, and most of them are foreigners. If there is a political change, a large number of talents will leave, causing the group to stagnate or even regress."

"Therefore, we must plan ahead and cultivate talents for the Zhongcheng Group so that the blood turnover will not be interrupted."

Qiu Shuzhen nodded seriously and said, "I understand."

At this point, a group of core executives nodded in agreement after hearing this. After all, talent training programs take a long time.

After Bao Junyi finished communicating with the core executives, he continued to go to the laboratory.

Half a month later.

Miracle Group reached a cooperation agreement with the Qi Dezun family, and the remaining shares of Hutchison Whampoa were sold to Miracle Group.

In addition, Miracle Group issued an announcement that Hutchison Whampoa has met the conditions for privatization and initiated the privatization delisting process.

Bao Junyi sat in the boss chair and listened to Yuan Tianfan's report.

Bao Junyi smiled and said, "Tian Fan, sure. Give me a slap and a sweet treat. You'll have to agree even if you don't agree."

"This is all thanks to you, Bao Sheng. If you hadn't completed the absolute control of Hutchison Whampoa, I wouldn't have the confidence to talk to the Qi Dezun family."

"And, this time, it only cost $468 million."

"Very good, you did a great job this time!"

"Old Jia, the split and reorganization of Hutchison Whampoa will be implemented according to the plan we agreed upon previously, and the split and reorganization must be completed as soon as possible within two months."

"However, during this process, the normal operations of the two groups should not be affected on a large scale."

"Don't worry, Baosheng! We've set up a special department to handle the split and reorganization, and we guarantee it will be handled beautifully for you."

"Very good, just don't give me bad news."

"Guaranteed to give birth, don't worry!"

Qiu Shuzhen interrupted, "Mr. Bao, the US Steel Company has completed the installation of the final phase of equipment in Pengcheng and has passed the test production."

"I am currently handing over the equipment to Guo Peng, the head of Pengcheng Miracle Steel, accompanied by relevant technical personnel. I have basically mastered the operation of the equipment now."

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