Reborn in America, I'm serious about making money.

Chapter 99 The Acquisition of Lihua Hotel 2

"Are these people scammers?" Old Mrs. Yang asked with some unease. She had seen all sorts of people in Hong Kong; it was a place where all kinds of people came and went.

"The deal needs to be done with real money. All agreements with them should be written into the contract, and I doubt they'll dare to go back on their word," Yang Zheng said confidently.

If Zhang San were here, he would have to admire him; he was sharp! He really didn't mean to deceive them. If he wanted to establish himself in Hong Kong, he would naturally need the help of Hong Kong's powerful families; naturally, he would want to keep this person. Wasn't it a perfect match for both sides?

"Let's release the news and see if there are any other offers. We'll sit back and watch what happens."

Although Yang Zheng was very tempted, Old Madam Yang was naturally unwilling to easily hand over her husband's business empire and also wanted to seek greater benefits for the family.

Meanwhile, Jack and his team had made long-term preparations. After separating from Yang Zheng, they did not immediately contact Zhang San, but instead rested for a day.

The next day, after dawn, they went to visit Hong Kong. Even these guys from Wall Street were amazed by how prosperous and bustling Hong Kong was.

"This place is really bustling. We looked at the data and felt that the price of HK$21 was a bit high, but now it doesn't seem so. If it succeeds, it will be a huge profit in the long run."

In this way, you gain the approval of others. Seeing the bustling crowds, including not only Chinese people but also a large number of foreigners and even more tourists, opening a hotel here would definitely be profitable.

As they left to travel, Yang Zheng called to inquire about their whereabouts.

"Mr. Yang, they've changed into casual clothes and gone out for a stroll."

Upon hearing this, Yang Zheng instructed, "Report to me if they make any unusual moves." After hanging up the phone, he began to spread the news that the Yang family was going to sell the Lihua Hotel.

Soon after, news broke in Hong Kong's business circles that the Yang family was considering selling the Lihua Hotel Group.

To Yang Zheng's utter surprise, the company that came to quote a price was a consortium formed by Li Ka-shing and Ronshine, which has deep connections in mainland China.

Their offer was HK$15 per share, a full HK$6 less than the North American company's offer. Moreover, when Yang Zheng inquired about the business plan after the acquisition, they planned to demolish the Lihua Hotel and Keewin Building in Tsim Sha Tsui after 1998 and rebuild them into office buildings.

"Mr. Li, this price is a bit low. Our company's net assets are HK$20 per share."

However, Li Ka-shing wouldn't budge on that price and seemed to have you cornered, which annoyed him.

However, he still had a smile on his face, and then he politely declined Li Ka-shing's offer, saying, "Mr. Li, I'll think about it and see if anyone else has made an offer."

Before leaving, the other person gave a confident smile, which made Yang Zheng even more annoyed.

Back home, he told his mother, Grandma Yang, about Li Ka-shing, the first person to come and quote a price that day. Grandma Yang felt that the price was too low.

"I don't believe it. No one else has offered a price, and no one seems interested in buying."

As the saying goes, there is no harm without comparison, and that's exactly the situation now.

Sure enough, within a few days, someone came to offer a price. This person was Uncle Li, a friend of Yang Zheng's father, with whom he had once run a gold shop.

Hearing that Li Ka-shing had come to make an offer, he weighed the options carefully and, feeling that this was a business opportunity, couldn't wait any longer and came over to make his own offer. He quoted seventeen Hong Kong dollars, which was still a bit low.

Speaking of Uncle Li Si and Li Ka-shing, their relationship later soured, which was probably related to the Lihua Hotel.

According to Hong Kong's business rules, even ordinary wealthy families would back down if a top company like Li Ka-shing and Rongjia made a joint offer. However, since Li Ka-shing is on par with Li Ka-shing, he naturally doesn't care about such things.

At that time, Li Ka-shing and Li Si-shu were not only the two richest people in Hong Kong, but also had a very good relationship. They had jointly invested HK$200 billion in Canada to establish Ocean Concord Company, which was dedicated to the Vancouver Expo Park project.

At the same time, the two jointly launched the third phase of the Jiazhaotai real estate project.

At the time, Grand Terrace was the most expensive residential project in Hong Kong, with an average price of HK$7000 per square foot. Li Ka-shing's acquisition of the Miramar Hotel was aggressive, but Uncle Li had already made preparations.

It can be said that the two had long coveted this hotel group, but were held back by the founder's business status. Although he had passed away, their friendship remained, and Hong Kong's traditional business environment still adhered to its bottom line.

Therefore, they will not acquire the property if the other party has no intention of selling.

However, their bids were not reported to have been met with any action. As far as the Yang family was concerned, neither of the two Lis could afford to offend them.

Although the media may say bad things about them, about their business practices, none of that matters. They don't care. They have that much magnanimity. Otherwise, they wouldn't have stood strong in Hong Kong for decades.

Zhang San once said that the way these older generation businessmen, especially the top ones, conduct themselves and their business wisdom are very worth learning; this is what he felt when he traveled through time and faced these top Chinese businessmen directly.

In that case, we should follow in their footsteps so that we can achieve the same success in business as they have.

That evening, Mrs. Yang and her son, Yang Zheng, began making their final decision in the study. After a long silence, Mrs. Yang said, "It seems that the guests from North America are more sincere."

She was somewhat impressed, remarking on how generous these foreigners were; they said 21, and it was 21, and they even let their son continue running the hotel.

Since that's the case, the result is already in.

"Then, Mommy, I'll contact the Pan Am Hotel tomorrow to discuss the details of the transaction."

When Zhang San received the news, it had been half a month since he last contacted Jack. However, it was good news: Jack had agreed to sell to Pan American Hotel Management Company.

Given this, he decided to acquire a hotel management company here and take charge of the rest of the management team at the Lihua Hotel.

Meanwhile, the hotel entered the final negotiation stage, and all the details have been clarified. The shareholding in this transaction is 34.7%, which does not exceed 35%. If it exceeds 35%, according to the Hong Kong Mergers and Acquisitions Ordinance, a full takeover will have to be launched.

For this acquisition, Pan Am Hotels will pay HK$99 billion, with an initial payment of HK$33 billion as a deposit. The remaining funds will be paid within three months after the audit is completed.

Meanwhile, as agreed, Yang Zheng will remain in his position, while Pan Am Hotel will send finance and human resources personnel; Pan Am Hotel has the right to make personnel adjustments.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like