Chapter 358 A sensational merger, making him famous overnight.
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No one expected that, under these circumstances, the shipping magnate would take such a step.
Since announcing his shareholding percentage, he has swiftly seized control of the entire Wharf Holdings.
At this point, Jardine Matheson's capital group was completely on the defensive.
"Gentlemen, it's time for us to have a proper discussion about how to deal with Wharf Holdings' shares."
"What's there to discuss? Let's just make the move! We can transfer it directly to the shipping magnate now and still make a lot of money."
"But if we do that, our original position in Hong Kong will be completely lost. Without Wharf Holdings, we will have no choice but to focus all our efforts on overseas investment!"
"With this batch of funds coming in, things will be much easier for us. At least we can give an account to our superiors."
In the end, the group of key figures in the Jardine Matheson Group in Hong Kong decided to sell all of their Wharf Holdings shares to the shipping magnate at the highest price.
Thus, this unusual battle for shares finally came to an end.
Of course, Luo Zixi profited greatly from this battle.
After all, she bought a large number of Wharf Holdings shares at the lowest price, and now she is selling them at a high price, quickly obtaining a large sum of money.
Although this sum of money wasn't much to Luo Zixi, it instantly caused a huge stir in the turbulent stock market of Hong Kong.
Everyone was watching the next move of the Morning Light Group, but Jardine Matheson had completely withdrawn from the stage of Hong Kong.
Many people felt sorry for the company, which was a century-old establishment with huge capital, but due to mismanagement, it ended up having to withdraw from the market in disgrace.
Although they eventually gained a substantial cash flow from the transfer of shares, it all seemed like they were forced out.
The shipping magnate was naturally the biggest winner in this battle.
With Luo Zixi's help, the Bao family achieved the remarkable feat of "abandoning ship and landing," and successfully transformed their business.
It has to be said that the Bao family owes Luo Zixi a huge favor this time.
At the same time, everyone is now aware that the Chenxi Group and the Bao family have formed an alliance.
Previously, Chenxi Group was an outsider. Although it was very powerful and had abundant funds, no one was very optimistic about it. Even a powerful outsider can't defeat a local force.
However, people are now hesitant to look at it that way. They have suddenly realized that the Morning Light Group is indeed something special.
At this very moment, an even more earth-shattering piece of news emerged: HSBC resold its Hutchison Whampoa shares to Morningstar Group for eight dollars per share.
This news immediately caused a sensation in the financial and real estate circles of the entire port city.
Chenxi Group had previously acquired a number of poorly managed real estate companies and directly purchased a large amount of land. These actions demonstrated its considerable financial strength.
Moreover, the Morning Light Group seems to have navigated the political circles in Hong Kong very smoothly, without any obstacles. It must be said that the sinking of coins by HSBC Chairman Taipan played a significant role in this.
This guy was really helpful; he directly helped Luo Zixi Group establish all the necessary connections.
He also made it clear that he had a close relationship with Chenxi Group and hoped that his superiors would take good care of him.
Hutchison Whampoa is a British-owned company formed by the merger of Hutchison International and Whampoa Dockyard.
In the early 1970s, due to the slump in Hong Kong stocks and a sharp drop in share price, coupled with consecutive losses in overseas investments, HSBC injected HK$150 million into Hutchison Whampoa, acquiring a 33.65% stake.
HSBC has also pledged to sell its shares as soon as Hutchison Whampoa's operations improve.
Some of these shares ended up in the hands of Bao Chuanwang, and all of Bao Chuanwang's shares have been exchanged for Luo Zixi.
HSBC resold the remaining shares to Luo Zixi at a relatively low price, but still made a huge profit compared to their acquisition price. Therefore, HSBC's board of directors passed the resolution.
But all of this happened too quickly, and HSBC did not inform Hutchison Whampoa in advance. By the time Hutchison Whampoa learned of it, it was too late.
They criticized Shenbi for selling Hutchison Whampoa's shares at too low a price, directly to the Morning Light Group, which they felt was far too preferential treatment for the Morning Light Group.
Chenbi responded confidently:
“When we invested in Hutchison Whampoa, the share price was only HK$5.50. Now I sold it for HK$8 and have already made a lot of money.”
"For HSBC, we've already made a considerable profit, so why can't we sell? We haven't done anything wrong!"
Hutchison Whampoa was naturally furious. They believed that Hutchison Whampoa's shares should now be worth fourteen dollars, but HSBC sold them all to Sunrise Group at such a low price, which was unreasonable!
However, the deal has already been completed, and all the shares have been transferred to the Morning Light Group; there's no point in saying anything more.
The key point is that Luo Zixi had already acquired a large portion of Hutchison Whampoa's shares in advance. With the 33.65% stake she has now acquired, her shareholding has reached 53%, making her the first Hong Kong Chinese businessman to join the British Capital Group!
That's the real reason it caused such a sensation.
She accomplished a feat that many people could hardly imagine.
As a result, both she and the shipping magnate Bao showed signs of rapid rise to prominence, becoming an undeniable force among the city's wealthy elite.
Previously, the Morning Light Group did not receive much attention from local Chinese businessmen in Hong Kong, but now no one dares to underestimate this behemoth.
The Morning Light Group acts decisively and domineeringly, instantly seizing the initiative. In less than a year, it has achieved remarkable success in the port city, enjoying unparalleled prominence!
In other words, if Morningstar Group hadn't gone public, its market value would definitely have skyrocketed by now.
Putting everything else aside, Hutchison Whampoa's market capitalization has already surged dramatically, with its stock price reaching over forty dollars and still rising!
Everyone went crazy buying Hutchison Whampoa shares, causing the stock price to soar.
The biggest beneficiary was naturally Chenxi Group, owned by Luo Zixi.
Moreover, the Morning Light Group quickly released a huge piece of good news: they subsidized the Hong Kong government with HK$390 million in land price, directly transforming Whampoa Wharf into Whampoa Garden, which has more than 90 properties.
Once this plan is realized, this will become the largest private residential area in the port city.
As soon as this news came out, Hutchison Whampoa's stock price surged again.
In an instant, the Morning Light Group became a coveted conglomerate. The owner of this group has never made a public appearance. This has fueled the curiosity of countless people: what kind of leader is guiding such a massive commercial empire through all the challenges?
Just then, the shipping magnate's birthday was approaching, and it was rumored that he had invited the chairman of his business partner, the Morning Light Group, to the banquet. In an instant, all the business and political figures in the port city were on high alert!
They felt that something big was about to happen!