Chapter 633: A Potful of Money

The Tiangong Group was registered for the manufacturing industry. Since a subsidiary, Tiangong Electronics, had been established, it might as well establish another company, Tiangong Electrical Appliances Manufacturing.

Since he was rich, there would be no problem establishing Tiangong Electrical Appliances Manufacturing.

Xia Yu remembered that he had not seen any well-known local electrical appliance brands in Xiangjiang. The televisions, refrigerators, washing machines and other household appliances sold on the market were all German, American, island and British goods, but mainly island goods.

As for whether there were any electrical appliance manufacturing agent factories in Xiangjiang, this would have to be investigated before it became clear. Xia Yu vaguely remembered reading somewhere that there were electrical appliance agent manufacturing factories in Xiangjiang.

However, Xia Yu hoped that there was an electrical appliance manufacturing agency factory in Xiangjiang, so that he could directly acquire it and have a complete team. As long as it was matched with a professional marketing team and the production line was updated or added, he could produce his own brand of electrical appliances as quickly as possible.

Considering that these were all matters related to manufacturing, Xia Yu did not intend to go into detail with Huang Xizhao.

He said to Huang Xizhao, 'Xizhao, I will solve the problems you mentioned. You just need to execute this plan well, and let me know the first time there are any difficulties.'

'Understood!'

Since the chairman would handle it, Huang Xizhao naturally felt relieved and left with high morale.

After returning, Xia Yu immediately sent someone to investigate the situation in the electrical appliance manufacturing sector in Hong Kong.

Amidst the chaos, time passed day by day. Xia Yu continued to handle matters in various companies, and his days were very fulfilling.

...

Cheung Kong (Holdings) Limited.

Bao Yugang, under the warm hospitality of Li Jiacheng, came to Li Jiacheng's reception room and sat down.

After taking a sip of tea, Bao Yugang let out a puff of warm air and looked at Li Jiacheng and said, 'Mr Li, you should have guessed my purpose for this sudden visit.'

'I have some idea,' Li Jiacheng nodded with a smile, sitting still and not intending to take the initiative to mention it.

'We are old friends, and you know my character, so I won't beat around the bush. I have come here to ask you for a favour, to sell me the shares of the Hongkong Land Group,'

Bao Yugang's smile faded, and he said solemnly.

Li Jiacheng was silent for a long time, and after looking at Bao Yugang, he said slowly, 'Bao Sheng, to be honest with you, when the news broke out a while ago, I was tempted to take over more shares of the Hongkong Land Group. Unfortunately, I was not ready, and I learned that Hongkong Land Group had already changed hands, so I had to sadly give up my plan.'

'Now that I'm on the outside, I'm behind the curve and can't see the battle clearly. Can you solve my confusion?'

Hearing this, Bao Yugang knew that Li Jiasheng was not too resistant to selling his stake, and he was also confident that Li Jiasheng would sell, so he smiled frankly and said, 'Of course, please go ahead.'

Li Jiasheng smiled and asked, 'I have three questions. First, who is Bright Foundation?'

'Second, how many Chinese shareholders are there now?'

'Third, are you buying the shares for yourself, or for Henry Fok or Guangming Fund?'

After asking these questions, Li Ka-shing looked at Bao Yugang with a piercing gaze.

'I can answer most of these questions for you.'

After saying this, Bao Yugang organised his thoughts and continued, 'I know the background of Guangming Fund, but for some reason, I am not at liberty to disclose it. However, I can tell you that Guangming Fund is controlled by us Chinese.'

'Second, as far as I know, there are not many Chinese shareholders left. The shares held by Stanley Ho, the Heung Kong Ho family and the Woo family have all been bought by me. The shares of Lee Shiu-kee and Cheng Yu-tung have been bought by Henry Fok. The remaining Chinese shareholders are you, me, Henry Fok and Kwok Tak-seng.'

'Third, I bought the shares of Hongkong Land for myself.'

'I wonder if Mr Li is satisfied with my answers?'

Li Jiacheng, who had fallen into thought, nodded without saying a word, his brain analysing the information rapidly.

Bao Yugang lifted his teacup and took a sip of tea, not in a hurry, waiting for Li Jiacheng's final reply.

'Who is Bright Foundation?'

Suddenly, Li Jiacheng asked, still looking to the east.

Bao Yugang was slightly taken aback, then smiled and didn't answer him.

But if Li Ka-shing couldn't be sure at this point, then he had lived in vain for so many years.

It was indeed him again!

He looked at Bao Yugang and said with admiration, 'You're right, in Hong Kong, apart from that person, no one else could easily subdue the Keswick family and break the iron bucket of the Hongkong Land Group. Congratulations, Mr Bao.'

'Since you've come knocking, if I don't sell to you, it would be ungrateful of me,'

Bao Yugang smiled and said, 'Mr Li, thank you very much!'

'According to today's share price, a 30% premium, is that okay?'

A 30% premium could be considered a very sincere offer. Li Jiacheng was not someone who didn't know how to appreciate good things, so he smiled and said, 'Mr Bao is indeed very generous, so I will shamelessly accept it.'

'That's what you should do, thank you!'

After the discussion, the two parties quickly signed the contract. Bao Yugang had already prepared the funds, and the transaction was completed that day.

At this point, Bao Yugang had achieved all four of his goals.

As for Huo Yingdong, despite having one less share than Bao Yugang, he had also completed the acquisition of the shares of the three Chinese shareholders.

Meanwhile, Phil Keswick, who had been waiting in vain for a new buyer to appear, was extremely disappointed. He finally followed in Dick Keswick's footsteps and sold his 8.4% stake to Rothschild & Sons Ltd.

Charles Rothschild contacted Xia Yu immediately and transferred the shares that he had not yet covered.

A total of 20.6% of the shares were transferred at a price of HK$1.48 billion.

At this point, the shareholding of Hongkong Land had become 62.9% for Xia Yu, 18.6% for Bao Yugang, 16% for Huo Yingdong, and the remaining 2.5% scattered elsewhere.

At this time, Xia Yu, Bao Yugang and Huo Yingdong sent people to take over Hongkong Land and applied to the stock exchange to delist the company. The privatisation of the public shares was handed over to Jiuding Securities.

Xia Yu and the other two companies held a combined 97.5% of the shares, and the management of the Hong Kong Stock Exchange knew they could not stop it and gave their direct approval.

In just three days, all the remaining shares were recovered. Xia Yu's accounting firm, Standard Accounting, and the accounting staff sent by Huo Yingdong and Bao Yugang formed a liquidation team to verify and liquidate the assets of the entire Land Group in preparation for the upcoming division of assets.

Throughout the process, Xia Yu acquired 62.9% of the equity of the Land Group, and experienced a lot of calculations and twists and turns. Fortunately, it was ultimately successful.

The entire process cost Xia Yu a total of 4.386 billion Hong Kong dollars.

In Xia Yu's opinion, even if you only look at the next few years, the Hong Kong stock market will skyrocket to 1,800 points, and land prices will continue to rise. By 1981, there is no problem at all with the asset value of the Hongkong Land Group rising to 30 billion to 40 billion.

The asset value of the 62.9% stake Xia Yu can divide is more than 20 billion.

At this point, it had only cost more than 4 billion Hong Kong dollars, and he had made a fortune!

It was precisely because the British company was of great value that it made it coveted by a generation of Chinese tycoons in Hong Kong, Macao, and even Southeast Asia. If it weren't for their lack of strength, Xia Yu wouldn't have gotten his hands on it!

The shocking turn of events in the Hongkong Land Group caused much discussion in the outside world, especially when the news of the Bright Fund's withdrawal and the involvement of the Jiuding Real Estate Group was revealed, and public opinion exploded.

Xia Yu's aura as a stock god became more and more sacred, and the power of the Jiuding Group grew stronger day by day. Some newspapers dug up news that had happened last year and gave Xia Yu a lot of praise. Many reporters even waited at the entrance of the Jiuding Building just to interview Xia Yu.

In response, Xia Yu remained silent, as did Bao Yugang and Huo Yingdong. They let the outside world speculate, while they got together to look at the assets that were gradually being liquidated and began dividing them according to their own needs.

At this time, the situation of the Xiangjiang Electrical Appliance Manufacturing foundry, which Xia Yu ordered his subordinates to investigate, was also presented to him.

Looking at the information written in the investigation report, Xia Yu shook his head, unable to laugh or cry.