Chapter 438 Brother Qibang Visits
Zhou Qibang and his wife came to visit Wang Yuanchao and his wife. After all, Liu Qijin was Wang Yuanchao's legal wife, and of course she had to come and congratulate her good friend when she had a child.

Wang Yuanchao had expected the Zhou family to come to visit him. After all, he had a close relationship with Zhou Qibang. When he started his business, he had borrowed a lot from Zhou Qibang. But the Zhou family also made a lot of money.

After seeing the child, Zhou Qibang expressed his desire to talk to Wang Yuanchao.

Wang Yuanchao was making tea, so Zhou Qibang was not polite:
"Yuan Chao, there is something I want to ask you for help with. See if you can help me."

Zhou Qibang got straight to the point. Wang Yuanchao thought to himself that he had already sold almost all of his shares in the milk company, and now he only had 18 million left. If the Zhou family wanted, he could transfer them at a discount. So he said:

"Brother Qibang, please speak."

"Swire Properties acquired Dairy Farm because it had its eyes on Dairy Farm's land reserves, and it also criticized Dairy Farm for sitting on a golden rice bowl and growing weeds."

[Such a good central area is not used for building but for grazing cows. Isn't it just a waste of money? Swire Properties is using this to attack the dairy company. It is not a good management company and is wasting the interests and trust of the company's shareholders.]

"My father didn't take it seriously at first and was careless. Later, he was at a loss when the company was hit by the Hong Kong Land. Now he thinks that instead of being acquired by the Hong Kong Land, it would be better for the milk company to find a real estate company to cooperate in development.

I am most familiar with you among the five leaders of Huazi Real Estate, so I came to see you to see if there is any possibility of cooperation between the two sides."

[One Dragon and Five Tigers. The one dragon is naturally Pacific Real Estate, which is now a large company with a market value of over 10 billion and the leader of Chinese real estate.

When Pacific Securities went public at the beginning of the year, it had a market value of 6 million yuan. With a general rise throughout the year, its market value has almost doubled to more than 13 billion yuan.

The Five Tigers are the traditional Cheung Kong Group, Sun Hung Kai Properties, Hang Lung Holdings, Tai Chang Holdings and Hopewell Holdings.

Wang Yuanchao didn't expect that Zhou Qibang came to him for this matter.

Has he ever thought about this?

How could you not want to see such a prime piece of land just sitting there growing grass?

But people can do some things and cannot do others. He can ambush the Dairy Company's stock and cash out at a high price to make a profit, because this is a clear market behavior and the money will always be earned by someone. But if he tries to seize the Dairy Company, the nature of the matter is different.

It is not an exaggeration to say that it is unworthy of being a human being to repay kindness with enmity.

Wang Yuanchao has many ways to make money, it is impossible for him to bear such a bad reputation for such a small amount of profit.

In addition, in addition to Zhou Xinian, the major shareholders of Dairy Farm include Hutchison International Chairman Qi Dezun and Wheelock Holdings Chairman John MacArthur, who are also directors of Dairy Farm.

So he was determined to put aside his fantasies about the milk company.

Now, Zhou Qibang came over and threw this idea in front of Wang Yuanchao.

"Is it Brother Qibang's idea or my uncle's idea?" Wang Yuanchao had to ask clearly, because the chairman of the board of directors of the milk company was Zhou Xinian.

“My father meant it, otherwise why would I come to you?
Moreover, neither Hutchison nor Wheelock wants to see Jardine Matheson grow further, so they all support this opinion. "

Zhou Qibang added that this showed that this was the unanimous opinion of the major shareholders of the milk company.

But even these major shareholders own less than 3% of the company's shares. Otherwise, how could Swire Properties initiate a compulsory acquisition?
Wang Yuanchao quietly acquired the shares over a year, but actually only acquired 8.17% of the shares, which were dispersed across multiple accounts.

He used his 85 million not only to buy shares of the Dairy Company, but also shares of Hutchison Whampoa.

If I had known that the Zhou family was coming to discuss cooperation, I would not have cashed out those shares. Damn, who could have thought of this?
To intensify its offensive, Hong Kong Land also sent an open letter directly to Dairy Farm shareholders, raising nine questions to the Dairy Farm board of directors:

1973. Why did the Dairy Farm Company not disclose its profit forecast for 1974 and ?
2. Why doesn’t Dairy Farm disclose its asset value?
3. Why did Dairy Farm increase its authorized share capital so significantly?
4. Who really does not welcome Hong Kong Land's share swap proposal?
5. Is the trading activity of stocks in the stock market worth studying?
6. Where does Dairy Farm’s expertise in real estate come from? Dairy Farm has sold most of its real estate with development potential in the past. Why?
7. Is the Land Development business limited to Hong Kong?
8. If the acquisition is successful, will Hong Kong Land retain all the employees and administrative management of Dairy Farm? Will this be a problem?
9. Regardless of whether the acquisition is successful or not, the share prices of both parties will fall afterwards. So why would there be any additional risk in accepting the acquisition proposal?
This open letter was all over the newspapers, and Wang Yuanchao knew about it.

Among the nine points of questioning, Swire once again attacked Dairy Farm’s weaknesses (point six) and touted its own strengths (point seven), which was actually using its own strengths to attack the other party’s weaknesses.

Yes, the ninth point is that the acquisition is a stock-for-stock exchange. People are not encouraged to buy stocks with money, but the onlookers can't help but take money to take a chance, otherwise how could Wang Yuanchao make a fortune during this period. If he doesn't exchange stocks, he will cash out. And he can't sell them all at once, he has to sell them slowly.

This is also the reason why he sold off his shares from the very beginning of the acquisition war. When the acquisition war is over, no matter what the result is, the stock price will definitely fall. After all, he was not planning to hold it in the first place.

Now, the dairy company wants to find a strong partner to support it on the sixth point.

Wang Yuanchao, who has close ties with the Zhou family, has a strong appeal among the citizens through his Pacific Industrial Company.

Not to mention anything else, just talking about the few skyscrapers in Hong Kong, Pacific Plaza is one of them. Where are the other five?
It was not until the old four families, including the Ho, Lee, Chow and Li, fell into decline that the new four families, which started out in real estate, became the backbone of Hong Kong.

It would be a lie to say that Wang Yuanchao was not tempted. Those lands alone are worth more than 10 billion yuan!

He spent more than 50 million to buy the Pacific Plaza land. The Dairy Farm land is on Hong Kong Island. Let’s not talk about Pokfulam. There is also land in Causeway Bay! That is Causeway Bay!

Only Swire Properties was cunning enough to propose a share swap, because if the company were to be acquired with real money, even Swire Properties would not be able to afford it.

So, do you want to join the war?
Wang Yuanchao doesn't have to spend money. He can just exchange Pacific Industrial's stocks for shares. He will just give a little more. If the stock market crashes later, he can take it back at any time. Moreover, he owns the company and holds most of the stocks in his own hands. There is no possibility of malicious acquisition. When the other party can maliciously acquire, the stock market will be on the edge of a crash, and he is not afraid. "Brother Qibang, do you have a cooperation strategy?" Wang Yuanchao asked. This is to let the other party make a price first. In cooperation, no matter how good the relationship is, brothers have to settle accounts clearly in the face of such huge interests.

Zhou Qibang nodded and said:

"The idea of ​​the Dairy Farm board is that Dairy Farm will invest its land and new companies, such as Pacific, will invest their capital to form a new real estate company for joint development."

Wang Yuanchao looked calm, but he began to feel that this method was not a reliable one, because the milk company was not fighting a desperate battle.

Divest the land and set up a new company. How much land should be divested? What is its value?
How much does the external partner company contribute?

Who will lead the new company?
These questions instantly popped up in Wang Yuanchao's mind.

Zhou Qibang did not say it explicitly, which means that this cooperation plan is not very attractive.

He would definitely not be willing to invest money, provide people and fame to support the new company of the dairy company.

Now many shareholders of Dairy Farm are exchanging their shares for Hutchison Whampoa. Dairy Farm has no choice but to take up the fight, but it does not have the courage to burn its boats.

What kind of courage should it be?
The plan should be to directly divest the land and exchange it for Pacific Industrial's shares at market price. The Dairy Company will become one of Pacific Industrial's major shareholders and can also retain other businesses under the Dairy Company.

Wang Yuanchao estimated that the current market value of the land owned by Dairy Farm is about 10 billion yuan, which is comparable to the market value of the original company. In other words, Dairy Farm owns so much land that its market value is underestimated.

If the Dairy Farm was willing to fight to the death, Wang Yuanchao could also consider adding more land to Pacific Industrial (he had a lot of land, but they were all under the names of various companies, not all of them under Pacific Industrial) to maintain his absolute controlling position.

But unfortunately, this is not the way the dairy company should play its cards.

Wang Yuanchao sighed:

"The new company is controlled by the Dairy Company?"

Zhou Qibang nodded silently.

He could clearly feel that Wang Yuanchao had shown interest at the beginning, but now, he had lost interest.

Unfortunately, the chairman of the milk company is his father Zhou Xinian, not him.

Wang Yuanchao smiled and said:
"My recent funds have all been invested in the stock market. You know, the stock market is rising so fast every day. Nothing can compare to making money in the stock market. If the new company wants to bring in capital to invest, I'm afraid I won't be able to withdraw so much money at once.

But I still have 5 shares of Dairy Farm, I can transfer them to my uncle at the price before the acquisition by Hong Kong Land, and do my part, how do you think? "

5 shares, or 0.625% of the stock, is a lot for ordinary people, but for the current milk company, it is a bit of an exaggeration to say that it is a drop in the bucket, but it is also a bit tasteless.

Wang Yuanchao's refusal to cooperate was obvious.

Zhou Qibang was also a bachelor, and he smiled with emotion:

"On behalf of my father, I appreciate your kindness.

Fortunately, I listened to you and bought a lot of properties at the bottom, otherwise I would have no say at home.

But even so, you know, the old man still has the final say at home, hahaha!

I have done my best and have a clear conscience. "

Zhou Qibang not only followed Wang Yuanchao to buy a lot of properties, but also became one of the more important shareholders in Asia Media. His own "Miss Victoria" clothing brand, how should I put it, has a certain influence in Hong Kong, but only in Hong Kong. Because the couple did not focus entirely on this brand.

"Ms. Victoria, Brother Qibang can actually put more effort into this and try to get it listed," Wang Yuanchao reminded.

Zhou Qibang gradually stopped smiling, obviously thinking about the weight of this sentence.

The future of the Milk Company is uncertain. Without the Milk Company platform, how can father Zhou Xinian maintain a strong connection with those foreign consortiums?

How does the Zhou family maintain its status as a large family?
Even if you are a member of parliament or a knight, you can only have strength if you have assets. Otherwise, it is just an empty title, isn't it?
Judging from Wang Yuanchao's ability, it should not be a lie. Zhou Qibang nodded solemnly:

"I will increase my investment and attention to Miss Victoria. By the way, give your band a chance to endorse my clothes!"

To be honest, I have never endorsed Muse Music in Hong Kong.

Wang Yuanchao smiled and said:
"I'll make arrangements for you!"

(End of this chapter)