The Red Era: Living in Seclusion in a Siheyuan as a Boss

Chapter 619: Seizing "Kowloon Warehouse" by Strategy!!!
Bao Yugang first bought 2000 million shares of "Hutchison Whampoa" from Li Jiacheng, and then spent another quarter to buy more than 1000 million shares.

After that, Bao Yugang and Liu Shudong continued their secret acquisitions.

Pao Yue-kong was determined to acquire "Kowloon Wharf" and was willing to pay a huge price for it.

Ever since Bao Yugang became the "World Shipping King", he hoped to develop on land, so he planned to invest in industries on land.

At that time, there was a saying in the market that whoever got Wharf Holdings would be able to take control of the onshore dominance of Hong Kong shipping.

Bao Yugang has already gained control of the sea, and naturally he does not want to give up control of the shore. More importantly, the news makes him full of hope for the future of Hong Kong.

By 1980, the "Longfeng International Investment Company" led by Bao Yugang officially announced that they had held a total of more than 3900 million shares of Hutchison Whampoa, accounting for nearly 30% of the total shares.

In other words, Bao Yugang once became the largest shareholder of Hutchison Whampoa.

The "Liu Overseas Investment" led by Liu Shudong secretly held 2000 million shares of Hutchison Whampoa through multiple accounts, accounting for about 15% of the total shares.

At this moment, the two companies together hold nearly 50% of the total share capital, approximately 45%.

By the time the bosses of Jardine Matheson woke up, they had discovered that Kowloon was on the brink of danger. They only owned 20% of Kowloon Wharf shares.

Therefore, Jardine Matheson needs to buy enough shares within the deadline stipulated by law in order to maintain control of Wharf Holdings.

Y Capital initially wanted to negotiate with Bao Yugang, but due to serious differences in their business philosophies, the talks ultimately came to nothing.

Although the capital of Country Y is not optimistic about the future of the region, it is unwilling to let Bao Yugang take away the ownership of Hutchison Whampoa, so it wants to play a dirty trick.

At that time, the stock price had been hyped up to 67 yuan, and both parties had tried their best to compete for the stock.

In order to make the parent company's accounts look good, Bao Yugang even transferred his shares to another company that he could control.

Seeing that the power of "Hutchison Whampoa" was about to fall into the hands of H-capital owner Bao Yugang, Jardine Matheson would certainly not sit idly by.

They immediately approached HSBC and asked for help.

Although Bao Yugang is a director of HSBC and has a good relationship and business dealings with HSBC.

However, the power of Y capital is still to take care of each other.

So, after some negotiations, Jardine Matheson finally succeeded in obtaining the support of HSBC and began to let its subsidiary, Hutchison Whampoa, acquire shares of Wharf Holdings.

Jardine Matheson knew that as long as it could hold a total of 49% of Wharf Holdings' shares, Pao Yu-kong would be invincible.

Because Bao Yugang needs to quickly increase his holdings by an additional 2000 million shares, which will require more than 20 billion yuan.

Jardine Matheson believes that Bao Yugang does not have such strong financial resources.

A famous business war in Hong Kong officially began.

This is because Country Y’s capital in Hong Kong was originally intended to decrease rather than increase its funds.

Therefore, Jardine Matheson does not have much funds to continue to acquire large quantities of stocks.

But after conspiracy, they suddenly announced on June 6 that they would acquire the shares to 20%.

Why did Country Y Capital choose to do this?

First, Bao Yugang had already acquired so many shares at that time. If he could not truly control the Wharf Group, all his previous efforts would be in vain.

Therefore, after Bao Yugang knew that Country Y’s capital had purchased Wharf Holdings’ shares at a high price, he would definitely follow suit.

The purpose of Country Y’s capital was no longer to attack Bao Yugang’s acquisition of Wharf Holdings, but to push up the stock price and then take the opportunity to sell the stocks in their hands.

Second, June 6th is Friday, and on June 20rd, Bao Yugang, who is outside Hong Kong, has to meet with the commander-in-chief of Modonggo.

Therefore, Bao Yugang had very little time to think at this point in time, so Country Y Capital was not worried that Bao Yugang would slowly dig up the conspiracy behind this matter;

Jardine Matheson's counterattack officially began on June 1980, 6

On this day, the Hong Kong Land Development Company suddenly published large-scale advertisements in major newspapers in Hong Kong.

Swire Properties announced in a high-profile manner that it would solicit Wharf Holdings’ shares at a high price of HK$95 per share, which was a very attractive price.

This move by Y Capital really caught shipping magnate Bao Yugang off guard.

At that time, Bao Yu was not in Hong Kong. He was visiting senior executives of many large companies in various countries overseas.

When he received the news from Hong Kong, he knew it was a serious matter and temporarily canceled several of his original plans.

However, after Bao Yugang returned to Hong Kong secretly, he first made an appointment to have breakfast with his two allies, Liu Shudong and Li Jiacheng.

It was this breakfast that gave Bao Yugang enough "ammunition".

Bao Yugang laid out all the problems he encountered. He only had HK$5 million in hand, and if he wanted to defeat Jardine Matheson, he would need an additional HK$15 billion in turnover.

At this three-party meeting, he successfully obtained strong support from both the Liu and Li families, and was finally able to move into "Hutchison Whampoa".

Li Jiacheng's sneak attack caught Jardine Matheson off guard.

Liu Shudong stopped the acquisition and provided Bao Yugang with huge financial support of 15 billion Hong Kong dollars.

Now, Bao Yugang followed suit and still adopted the method of sneaking into Chencang.

On the one hand, Bao Yugang asked his subordinates to spread false information, telling the public and Mihuo Zhidi that he was on his way to Modonggo to visit their commander-in-chief.

But in fact, he had secretly returned to Hong Kong and immediately summoned his think tank to discuss important matters.

The only thing he had to decide was how to acquire 49% of Wharf Holdings' shares as quickly as possible and at what ideal price.

As a result, Bao Yugang set the acquisition price at HK$105 per share, HK$10 higher than Jardine Matheson Land.

On June 1980, 6, Pao Yu-kong announced the acquisition of Hutchison Whampoa shares at a price of 23 shares.

This extremely competitive price enabled Bao Yugang to raise more than 2000 million shares within two hours.

Together with the 30% originally held by Bao Yugang, he now holds more than 49% of the shares.

In other words, Bao Yugang successfully controlled Hutchison Whampoa and defeated Jardine Matheson Land.

Moreover, Bao Yugang is not an ordinary person. When he made the acquisition, in order to prevent Country Y’s capital from “escaping”, he specifically stated that he did not want the shares that belonged to Country Y’s capital.

The capital of country Y always talks about the spirit of contract, but it actually says one thing in public and another behind the scenes.

On the surface, they only seem to be able to collect but not distribute, but in fact they are selling the stocks at high prices through multiple channels.

What Country Y’s capital did not expect was that Bao Yugang was not frightened by the high stock price and the large amount of outflow of stocks.

On the contrary, in just three days, he raised 20 billion yuan and successfully acquired a large stake in the "Hutchison Whampoa" Group.

After Bao Yugang successfully gained control of "Wharf Holdings", he smoothly transferred the business from shipping to shore.

He foresaw that the shipping industry would experience a severe recession in the near future and that early deployment was needed to avoid heavy losses.

Therefore, he sold more than 100 ships in his fleet one after another, moved the funds ashore, and engaged in property investment, and "Wharf Holdings" was the bridgehead for his transformation.

In fact, Bao Yugang’s real purpose in taking over "Hutchison Whampoa" was to get the two pieces of land owned by Hutchison Whampoa.

One of them is located next to Canton Road in West Kowloon, Hong Kong, and the other is Causeway Bay on the Hong Kong River.

At that time, one of the two pieces of land was used to build an old dock, and the other was used to build an old tram factory.

These properties were already beginning to decline, but Bao Yugang saw the future commercial value of the two plots of land.

In order to grab these two pieces of land, Bao Yugang did not hesitate to raise the price continuously and buy shares of "Hutchison Whampoa" from the market.

In order to defeat Jardine Matheson, the company behind Wharf Holdings, he borrowed HK$15 billion at a low interest rate from Liu's Overseas Investment.
Because he had sufficient "ammunition" in his hands, Bao Yugang immediately acquired more than half of the shares of "Hutchison Whampoa", thereby gaining complete control of the company.

Bao Yugang also successfully acquired these two "treasure lands".

In fact, the entire "Hutchison Whampoa" was not worth so much money at that time.

Even if all the land of "Hutchison Whampoa" was used to develop real estate, it would not be able to make back the 20 billion yuan.

At that time, many people laughed at Bao Yugang for only knowing about maritime business and not about land business.

The ridicule of outsiders could not shake Bao Yugang, as he had his own plans.

Because Bao Yugang’s plan was not to use these two pieces of land to develop real estate, but to develop a commercial plaza.

However, the following few years marked a downturn in Hong Kong real estate, and Bao Yugang himself was diagnosed with cancer.

As a result, these two pieces of land have never been formally developed.

It was not until the late 80s that Bao Yugang's son-in-law Wu Guangzheng finally fulfilled his father-in-law's wish.

At that time, many people suggested that Wu Guangzheng use these two plots of land to develop real estate together with other companies, but Wu Guangzheng finally used them to develop a commercial center.

In fact, the leases of these two plots of land are as long as 999 years. It would be a huge waste if they were used to develop real estate.

But it would be different if a commercial center was developed.

Although it was a real estate downturn at the time and the vacancy rates in many commercial centers were very high, Hong Kong's economy would definitely get better in the future.

Bao Yugang and Wu Guangzheng were both very optimistic about the future of Hong Kong, which led to the current Harbour City and Times Square.

These two properties can now contribute more than 1 billion Hong Kong dollars in rent to Bao Yugang's family every year. They are truly a cash cow!

……

Today, the "Battle of Wharf" has been written into business textbooks.

This great victory of H capital over foreign capital, initiated by Li Jiacheng, led by Bao Yugang and supported by Liu Shudong, not only changed the future economic situation of Hong Kong, but also defeated Y capital.

Since then, the triangular alliance of Bao, Liu and Li has become increasingly consolidated.

Bao Yugang's onshore business flourished, and Li Jiacheng's career also achieved rapid development since then.

"Liu's Overseas Investment" also benefited greatly, not to mention that the shares of "Hutchison Whampoa" held by it continued to appreciate explosively.

It also made "Liu's Overseas Investment" and its head Liu Shudong famous, and soon became well-known in Hong Kong and Southeast Asia.

Moreover, it also allowed the Liu family to successfully make friends with the leading H-funded companies in Hong Kong, which laid a solid foundation for the "Liu family" to integrate into Hong Kong in the future.

Because of its help to Bao Yugang, the well-funded "Liu's Overseas" became famous overnight.

However, it also encountered snobbish hostility from the Y-capital consortium, and for a time many businesses fell into difficulties.

Fortunately, the "Liu family" had two staunch allies, Bao Yugang and Li Jiacheng, which helped them get through that difficult period.

Bao Yugang is not an ordinary person. His status in the eyes of Chinese people was much higher than Li Jiacheng, and not inferior to that of the Huo family.

Moreover, Bao Yugang has a huge influence around the world.

At the age of 37, he started from scratch and founded the Global Shipping Group, and later became the "World Shipping King".

Bao Yugang's investment projects are spread all over the world, and his business covers real estate, finance, transportation, hotels and other fields. His assets amount to hundreds of billions.

The world-famous shipping magnate Onassis once said to him: "Although I started the fleet earlier than you, compared with you, I am just a peanut."

Queen Y knighted him, and the King of Belgium, the President of Panama, the President of Padang and others awarded him high medals.

He is Pao Yue-kong, an entrepreneur who deeply connects the business model with the feelings of family and country. He has made great contributions to the reform and opening up, the return of Hong Kong, and the construction of Ningbo and Lang...

On November 1918, 11, Bao Yugang was born into a small merchant family in Ninglang, Jiangsu and Zhejiang Province.

His father, Bao Zhaolong, ran a shoe store in the three towns of Jiangbei and often traveled between Jiangsu, Zhejiang and Beihu.

Although he is away from home all year round, he is very strict with his children and attaches great importance to their education.

His mother, Chen Siqin, came from a prominent family and often told her children the entrepreneurial history of the Bao family’s ancestors.

When Bao Yugang was very young, his father sent him to the famous local Yip's Zhongxing Primary School. The founder of TVB, Run Run Shaw, also graduated from this school.

Here, Bao Yugang is at the top of his class, is extremely talented, and is a true academic master.

Because of his vivid wall poster articles, he was hailed as a "scholar" by his classmates and teachers, and was introduced to the school by his teachers to become a writer for the school.

It is worth mentioning that the village where Bao Yugang lives is close to the sea. When he was a child, his favorite thing was to watch the sea and the ships. This also laid the seeds for him to become the "World Shipping King" in the future.

When he was 13 years old, his father sent Bao Yugang to Shanghai to study.

Soon after, he entered Wusong Merchant Marine College (now Shanghai Maritime University) to study shipbuilding.

After the Anti-Japanese War, Shanghai was known as the "paradise for adventurers", where all kinds of people gathered together.

At that time, after the war, daily necessities were in short supply, buying things became "robbery", and coupled with the excessive printing of legal tender, inflation was extremely serious and the market was in chaos.

Some people say that you have to pay first when you eat noodles in a noodle shop, otherwise the price will double after you finish eating.

In order to restore market order, the Guomin government at that time sent Qian Dajun to serve as the mayor of Shanghai.

As soon as Qian Dajun took office, he began to rectify the financial industry. He had heard of Bao Yugang's abilities, so he invited him to be the deputy general manager of Shanghai Bank.

In addition to handling general banking business, Bao Yugang is also responsible for collecting taxes and paying salaries to civil servants.

At that time, in order to stabilize the overall situation, the Guomin government paid civil servants daily wages.

But sometimes cash flow is difficult and it is difficult to collect all the money within a day.

Since everyone couldn't get their wages, they could only put pressure on Bao Yugang.

One day, a group of armed "blacks" rushed into Bao Yugang's office and pointed their guns directly at Bao Yugang: "Pay us our wages immediately."

However, the young Bao Yugang was not afraid and asked directly: "Do you have a withdrawal warrant or a letter of approval from the mayor?"

"Heipi" loaded the bullet into the gun and raised it in his hand: "I am following the orders of the bureau chief."

"Then let me call and ask for the mayor's opinion, and then we can all do it."

After saying that, Bao Yugang called Qian Dajun.

On the phone, Chief Qian Dajun scolded the "black-skinned" chief, which stabilized the situation.

In the chaotic financial market at that time, many people took advantage of the devaluation and made a fortune from the national crisis.

They first find an excuse to borrow money from the bank, and then buy and sell gold and US dollars. When the gold depreciates, they use the gold to repay the bank debt.

In order to put an end to this phenomenon, Bao Yugang strictly examined every loan, and stopped lending once a problem was found, and even refused to exchange the circulating banknotes.

In this way, Bao Yugang cut off the financial resources of those people, and he himself got into trouble, and even lost his appendix...

One day, two disciples came to the door and claimed that Mr. Du invited him to his house for tea.

Bao Yugang knew exactly where the other party came from, but Du Yuesheng had connections in Shanghai and a strong relationship with "Bald Brother", so he couldn't afford to offend him easily, so he had to pretend to agree.

As soon as he got home, Bao Yugang told his wife that he had appendicitis.

The doctor checked from head to toe but couldn't find anything wrong.

But Bao Yugang insisted that he had appendicitis and would undergo surgery tomorrow.

The doctor didn't understand, but he had to do it.

In this desperate situation, Bao Yugang managed to withstand the pressure and did not give Du Yuesheng any loopholes to exploit.

At first, Bao Yugang was indeed full of enthusiasm and tried his best to save the situation of Shanghai's financial market.

But as inflation and bank runs intensified, banks became everyone's scapegoat.

A year later, the Kuomintang's new monetary plan came out, abolishing the legal tender and issuing gold yuan coupons to collect gold and silver from the people.

Looking at the dangerous situation in Shanghai, 31-year-old Bao Yugang decided to resign soon after.

After resigning, Bao Yugang moved to Hong Kong with his family.

He wanted to return to his old business, but at that time, Hong Kong banks had already been monopolized by foreign capital such as HSBC, leaving no room for any loopholes.

At this time, a group of Bao Yugang's fellow villagers from Ning Bolang also arrived in Hong Kong. After discussing together, several friends decided to start import and export business.

The Ninglang Gang's business capabilities have always been second to none among local business gangs, and Bao Yugang's trading company soon became famous.

A year later, after the outbreak of World War C, under the manipulation of YM, they colluded to impose an embargo on "Dongda".

Bao Yugang seized this opportunity, imported iron ore, tires and other materials from Europe, and transported them to the mainland through Haojiang, making a lot of profit.

But this is always a short-term transaction and you cannot rely on it to make long-term profits.

At that time, the Japanese pirates served as the rear camp of the M Army, and the demand for shipping skyrocketed.

However, during the war, the Japanese pirates' ships were severely damaged and it was difficult for them to meet such a large demand.

As a result, many Japanese pirate merchants came to Hong Kong to rent boats.

As a result, Hong Kong's shipping industry flourished.

Bao Yugang also wanted to participate, but his father was strongly opposed.

In Bao Zhaolong's opinion, there was a lot of undeveloped land in Hong Kong at that time, and investing in real estate was the best choice.

In order to convince his father, Bao Yugang said: "Shipping is a global business. Assets can be moved. It covers property, technology, insurance, economy, politics, trade, almost everything!" This sentence completely moved Bao Zhaolong.

(End of this chapter)