On July 29, Land Development announced a suspension of trading.

Soon some people realized that something big happened and bought stocks such as Cheung Kong Industrial, Hutchison Whampoa and other related stocks;

In fact, you don’t need to guess that if you acquire the land company, it is likely that the Wu family will acquire it in a private name;

Otherwise, Cheung Kong Industrial and Hutchison Whampoa should be suspended at the same time.

On the morning of the same day, the Hong Kong Branch of Xinshe took the initiative to find Wu Guangyao.

"Mr. Wu, I heard you want to acquire the real estate company?" said the new president.

"Yes! Could it be that there is something wrong with this?" Wu Guangyao said curiously.

The new president said: "Will this cause panic among British consortiums and force British capital out of Hong Kong? If so, it may be detrimental to Hong Kong's stability and excessive stability."

Wu Guangyao frowned. Why did this be with politics?

However, as a Newcastle, it is normal to worry about this;

Wu Guangyao explained: "Land Land and I negotiated friendly and carried out a well-intentioned acquisition, which naturally would not have much impact; and as far as I know, Jardinet originally intends to withdraw from Hong Kong. It is better to help them if it is not sweet."

When the new president heard that it was a good intention to acquire it, he immediately breathed a sigh of relief;

"Since Mr. Wu said this, I feel relieved! Mr. Wu also knows that the above requires us to unite all united forces and welcome investors from any country to come to Hong Kong to invest."

"Yeah! Don't worry, Jardine and I don't know how to face each other."

After seeing off the new president, Wu Guangyao smiled and shook his head!

......

That afternoon, when Wu Guangyao led his team to Jardinet headquarters, the entire building was filled with reporters;

Police also came here one after another to do their duty.

Surrounded by bodyguards, Wu Guangyao walked into the Chada Building and let the reporter shout loudly, but the team members did not say a word;

Obviously, no one will take it lightly when things are not settled.

In the conference room of Zhada Building, after some greetings, Huo Jianning, Yuan Tianfan, Liu Yu and others began to review the financial situation of the land;

The whole process will last for a long time and I am destined to work overtime tonight.

Jardines owns 450 million shares of Land Holdings at this time. If a transaction is reached today, it can cash out HK$7.2 billion;

At the same time, Land's debt will be completely separated from Jardine Mahjong.

Before the acquisition war, although Land issued 100 million new shares to Jardine Mahjong, the Wu family paid an additional HK$1.6 billion;

But Wu Guangyao was not heartbroken at all. It should be noted that in the first half of the year, Jardines also cashed out 1.2 billion Hong Kong dollars in overseas assets to stabilize Land Company.

The Wu family’s team took 8 hours to read Land’s financial statements and had a comprehensive report;

Land’s current long-term debt is HK$10 billion and short-term debt is HK$2.5 billion;

Land currently has a total of 55 real estate development projects, and 10 real estate projects have been suspended, including the Miramar Old Wing Development Project, Queen's Garden Area Development Project, etc.;

In addition to real estate projects, Land Company also has Wellcome Supermarket and Mandarin Hotel...

Land Land Company has 650 million Hong Kong dollars in funds on its books, of which 615 million Hong Kong dollars are the funds that have just issued new shares, which means that the original Land Land’s account is only 35 million Hong Kong dollars in working capital;

This is still a bit incredible for a company with assets of over 10 billion Hong Kong dollars.

"Sisimen Grand Team, we have no problem, where is your side?" Wu Guangyao said.

Simon Kessek suppressed his reluctance and said, "We hope you will pay in US dollars!"

Wu Guangyao nodded and said, "No problem, no problem in domestic and overseas payments."

After discussing the last condition, the two parties finally began to sign a formal contract.

.........

When Wu Guangyao and others walked out of the Chada Building, not only did the number of reporters not decrease, but more and more.

"Mr. Wu, can you accept an interview?" a group of reporters shouted loudly.

Wu Guangyao was happy and nodded, letting a group of reporters sit in the parking lot and ask questions in an orderly manner;

Reporter from Tiantian Daily: "Mr. Wu, is you here at Zhada Building today to acquire the land company?"

Wu Guangyao replied: "Yes!"

Reporter from the Dagong Daily: "So has an agreement been reached?"

Wu Guangyao replied: "After we negotiated with Jardine Joy, an agreement was finally reached; I personally acquired all the Land shares in Jardine Joy at a price of HK$16 per share!"

'boom'

The scene was instantly exploded, and it was actually HK$16 per share. This price was 10 Hong Kong dollars higher than the initial price of HK$6 per share of Land. In other words, Wu Guangyao acquired Land Company at a 160% premium.

Although the price is much worse than when the Hutchison Whampoa acquisition case was traded from HK$7 to HK$50, the market value of Land Real Estate is much higher!

A reporter from a newspaper said loudly: "The Chinese in Hong Kong who have been ruled by the colonists for 100 years have been proud since then! Mr. Wu, you have successively acquired Hutchison Whampoa, Land Company, and Hutchison Whampoa, which has greatly increased the reputation of our Chinese!"

Wu Guangyao smiled and said, "My participation in real estate activities is not against traditional British foreign companies; but like most others, I am full of confidence in the future of Hong Kong. My acquisition activities only mean that the funds I have come from success in other businesses need to find another way out, that's all. I have always pursued the spirit of reciprocity. Of course, everyone develops under the same sky, and competition is inevitable. Even so, we cannot throw away the attitude of harmony. So, don't over-interpret this acquisition activity, thank you."

After Wu Guangyao and others left, the reporters still did not disperse. They were waiting for Simon Kessek and his group;

After a while, after Simon Kessek left, he was indeed invited to be interviewed again.

Simon Kessek just said: "From now on, Jardine is no longer passive!" and turned around and left!

A group of reporters fell into reverie and considered how to report this tomorrow.

.........

The next day, Hong Kong was discussing the acquisition of land by the Wu family;

Although Wu Guangyao only said it was a normal business behavior, in the eyes of some Chinese, this is an acquisition that has greatly increased the popularity of Chinese people.

At the same time, Land Land's stock rose as much as 20% on the same day, reaching HK$8.6 per share.

Fortunately, Wu Guangyao did not intend to privatize the Land Company, otherwise he would be profitable by this group of investors.

Not only do you have to pay a high amount of comprehensive acquisition fees, but you also have to resist the debt alone;

Wu Guangyao is not a living Bodhisattva, how could he do such a thing?

To be honest, Wu Guangyao only likes six first-class buildings in the heart of the Central Ring Company, and he doesn't like the rest of his assets at all.

Therefore, Wu Guangyao's plan is to take advantage of the market sluggishness and the Land Company's large debts, and sell these six buildings to Kowloon Real Estate.

After Land Company gets this money, it can repay the debt and take out funds to start dozens of real estate projects;

As for the company's dividends, I'm afraid I have to wait until these real estate projects make money before I can talk about it again!
Chapter completed!