The hibiscus tent is warm.

Cai Zhiliang opened his eyes with difficulty. Although he now has the right to do as he pleases and can arrange his time freely, he cannot do so today. He has an appointment with Mr. Rong from CITIC Pacific at 9 o'clock.

"What time is it?" Huo Xinxin pulled the quilt and groaned.

"It's still early, you go to bed."

"We can't sleep anymore. Johnson will arrive in the morning, so we can't keep the leader waiting." Even so, Huo Xinxin tightened the quilt around her body, curled up her body, and continued to sleep.

Wu Kai was already waiting. Not long after Cai Zhiliang arrived at the Mandarin Oriental Hotel, Rong Zhijian arrived.

"A big event has happened in Hong Kong recently. You have been in Europe and the United States recently. Have you heard about it?"

A lot of major events have happened recently, but I don’t know which one Rong Zhijian is referring to, so Cai Zhiliang waits for the next step. After a while, Rong Zhijian said: "Mr. He Shanheng is old and is looking for a suitable candidate for Hengchang.

buyers.”

Hengchang Enterprise was once the largest Chinese-owned commercial bank. The name comes from its two companies, one is Hang Seng Bank, the bank where Cai Mingchao once worked, and the other is Dah Chong Trading Company.

In the mid-1960s, an unprecedented wave of bank runs broke out in Hong Kong. Affected by this, Hengchang was forced to sell 51% of its shares in Hang Seng Bank to HSBC in order to obtain capital injection and support from HSBC to tide over the crisis. Since then, Hengchang

The main asset of the company is the entire equity of Dah Chong Trading House. By the early 1990s, Dah Chong Trading House had become a large-scale trading company with more than 5,000 employees and a buying and selling network all over the world.

Last year, Hengchang Company's turnover was HK$10.3 billion and net profit was HK$1.044 billion, which ranked first among all companies.

"I have also heard about Mr. Zheng of Chow Tai Fook's joint venture to acquire Hengchang Enterprises."

As a competitor, Cai Zhiliang has naturally heard of it, and Greed has also had the idea of ​​​​Hengchang Enterprise. However, the business overlap between Dachang Trading House and Donglai Trading House is relatively high, and a comprehensive acquisition is not in line with Donglai Trading House.

Secondly, the feedback he got was not good, so he just asked Greed to pay attention. Later, he heard that the two parties had basically reached an agreement on the acquisition of Hengchang, so he didn’t ask any more questions. Now he heard Rong Zhijian mention it again and asked: "What?

Is CITIC Pacific also interested?"

Last autumn, Chow Tai Fook Enterprises, a private company representing the interests of Cheng Yutong's family, Bai Ningshun, representing Lam's Kunzhong, and Beihai Industrial Co., Ltd. of Xu Zhantang, formed a merger with Beiyi Co., Ltd. for the full acquisition of Hengchang Enterprises, each with a share of

The proportions are 65%, 25% and 10% respectively.

"Before New Year's Day, Beiyi Company had reached an agreement with the shareholders of Hengchang Company to acquire the entire equity of Hengchang Company for HK$5.41 billion."

Rong Zhijian did not express his intention, as if he was just stating an irrelevant fact.

"This is unexpected, but the value of Hengchang Company far exceeds this figure." Although it is just a rough estimate by Greed, the value of the properties held by Hengchang Company, including Hengchang Building, is probably

It's not just this number.

"Mr. He and Mr. Liang are both emotional people. Now that they are old, they are nostalgic. Among the more than 400 shareholders of Hengchang Enterprise, they are either their relatives, friends for many years, or loyal subordinates. Even if Hengchang is sold,

Hengchang also hopes that these employees who have conquered the world with them will have a good destiny. On the other hand, Hengchang Enterprise is their legacy for nearly half a century, and they hope to inherit and maintain it. This is also human nature."

Rong Zhijian continued: "So, Mr. He intends to invite old friends to acquire Hengchang, just like Guangsheng Bank. You must have heard of the friendship between Mr. Zheng and Mr. He, Lin from Bai Ningshun

The brothers are one of the founders of Hengchang Company. They are the sons of Lin Bingyan and the adopted son of Mr. He. They can also be regarded as the heirs, so they facilitated this transaction."

Zheng Yutong and Ho Shanheng are naturally old friends. Zheng Yutong has been a director of Hang Seng Bank, while Ho Shanheng once served as the chairman of New World Development and is still a director of New World Development Group.

Old friend, Yizi, this is already the closest relationship besides blood. However, whether it is Central Pacific or Jinhe Investment, there is no such relationship, and we can only look forward to it. But now, Rong

Zhi Jian mentioned again that things must have changed. Cai Zhiliang didn't know the inside story, so he could only be a compliment.

"Did something happen again now?"

"Yes, Beiyi Company made a mistake and all the previous efforts were wasted, haha..."

Rong Zhijian was somewhat gloating about the misfortune. After all, if Beiyi Company did not make a mistake, where would the opportunities for other companies come from? "A few days ago, Chow Tai Fook Enterprises, Bai Ningshun and Beihai Industrial made public statements, stating that they would

"Remove the bones" of Hengchang Enterprise. The specific situation is:

, the Zheng family’s private company Chow Tai Fook Enterprises will acquire the real estate properties under the name of Hengchang, the Lin family will inherit its car agency sales business, and Xu Zhantang will receive the grain and oil agency rights under the name of Dachang. As far as I know, Mr. He has already

Resigned as director of New World Development Corporation."

"This is indeed a stupid move." Cai Zhiliang agreed. Even if the bones need to be dismantled, don't be so anxious. You can wait until the matter is settled. Looking at Rong Zhijian's attitude, it is obvious that there is more to come.

"Isn't it? Mr. He has devoted half of their world's efforts to Hengchang Enterprise to achieve today's achievements. Now it is sold at a friendly price. It is hoped that Hengchang will continue to operate." Rong Zhijian said: "What's more, once

How to dismantle the old subordinates who have been there for so many years?"

"How could such a stupid move happen?" Even though Lam Kunzhong and Xu Zhantang were inexperienced, Zheng Yutong was an old man. Cai Zhiliang was a little surprised and said: "I have also heard about Mr. Zheng's business strategy. There are many companies in Chow Tai Fook Enterprises that have won 40

Mr. Zheng, an old man who has received medals for service every year, is the most humane boss."

"Mr. Zheng may not make such a mistake, but now the young marshal is in charge. Who knows, the matter is over anyway." Rong Zhijian said: "Kunzhong of the Lin family is Mr. He's adopted son. Don't you know that Mr.

Sir, don't you think of dismantling the bones?"

This is Hengchang Enterprise's family matter. It really is over now, and there is no need to pursue it further. Cai Zhiliang also understands Rong Zhijian's thoughts and waits for the next step.

"I have told you before that CITIC has encountered a bottleneck in its development and needs the opportunity of Hengchang Company to become a comprehensive enterprise group with diversified development."

Rong Zhijian said: "Mr. Cai, I need your help now."

"Mr. Rong, you're welcome. I wonder if I can help you?"

Simply adding a few production lines is irrelevant, but to be honest, if CITIC acquires Hengchang Company, as Rong Zhijian described, CITIC Pacific will be a small diversified company with holdings as the main focus and real estate as the secondary.

Towards a foreign-style diversified multinational enterprise, thus becoming the strongest rival of Donglai Trading Company.

Although there is an old saying that if there is no one inside, there will be no soldiers at home, and there will be no enemies outside, and the country will perish, Cai Zhiliang still believes that it is better to nip the danger in the bud.

On the other hand, Rong Zhijian came to visit today, and he not only told stories, but also told them in such detail. Just imagine, after Donglai Trading House acquired Hengchang Enterprise, it would probably have to be dismantled in order to combine the two.

The business of the family is integrated, which is naturally dominated by Donglai trading.

"I have contacted Cheung Kong Holdings, Kerry Group, Peregrine, and Mr. Ho Houqiang to jointly acquire Hengchang Company."

Combining these consortiums and influential celebrities will naturally reduce the resistance to acquisitions and discourage some possible opponents. Of course, the joint venture will naturally be dominated by CITIC Pacific.

Donglai Trading Company may be a strong opponent, and Rong Zhijian also knows this, which is also the purpose of today, to persuade Cai Zhiliang to withdraw from this possible bidding.

"I personally very much hope that Gold River Investment can join. If there is a confrontation with Beiyi Company, the acquisition may involve 7 billion or even 8 billion in funds, and Hang Lung Bank will be needed to help raise funds."

"Golden River Investment is happy to join." Having said that, Cai Zhiliang had no need to refuse. He stretched out his hand and said, "I wish this acquisition will be successful."

Rong Zhijian stretched out his hands to hold each other and said, "Thank you."

The two then discussed the general framework of the joint venture's equity distribution. CITIC Pacific held at least 35% of the shares, which was also the trigger point for a comprehensive acquisition, while Gold River Investment's shareholding should not exceed 20% of all equity.
Chapter completed!