Because of the good mood from tonight, Xia Yu was in high spirits. Upon returning to Li Qian's residence, he naturally had another round of intense activity. By the end of it, Li Qian was completely exhausted and collapsed on the bed. As expected, by the next day, Li Qian was sore all over and could barely get up.
As a result, Xia Yu let Li Qian rest properly and went to the company alone.
For now, he was staying at Jiuding Securities and wouldn't be going too far. Any issues with other companies could be resolved by calling Jiuding Securities.
Upon arriving at the company, Wang Qi and the lawyer were already waiting. Xia Yu wasted no time and took the two of them to the bank.
When they arrived, they found Old John and his team already there.
Old John was already impatient, so when Xia Yu and the others arrived, he didn't engage in much small talk and immediately got down to business.
After a busy period, the transaction was completed!
Old John did not linger. After achieving his goal, he left immediately.
Xia Yu also did not stay long. Holding the equity transfer contract for the Yihe Insurance Consulting Group and the stock trading contract for the Yihe Machinery Group, Xia Yu smiled with satisfaction.
He had finally achieved his goal!
At this point, he owned 90% of the Yihe Insurance Consulting Group's shares!
His big financial plan had finally filled the insurance sector!
"Finally, I can start restructuring the company. Hehe!"
With a light chuckle, Xia Yu put away the contracts and headed back to the company.
The campaign against Yihe Machinery Group was incredibly rewarding!
Throughout the process, he acquired 33.69% of the shares, totaling 13.476 million shares. Since most were bought at low prices, and only a few at high prices, the total expenditure was very low.
Xia Yu calculated it all. The total cost of acquiring these shares was about 507 million Hong Kong dollars.
However, when selling these shares to Old John, they were worth 1.51 billion Hong Kong dollars!
The profit Xia Yu made was 1.003 billion Hong Kong dollars.
Of course, since part of the transaction was offset with shares of the Yihe Insurance Consulting Group, the actual cash involved was not this much.
Yihe Holdings held 30% of Yihe Insurance Consulting Group's shares. At a price of 8.3 Hong Kong dollars per share, these 30% of shares amounted to about 150 million Hong Kong dollars, with only a few hundred thousand difference.
Thus, the cash outlay for the Yihe Consortium was 1.51 billion minus 150 million Hong Kong dollars, which equals 1.36 billion Hong Kong dollars.
And Xia Yu spent 507 million Hong Kong dollars on acquiring these shares.
So, purely from the numbers, Xia Yu's reported profit was 1.003 billion Hong Kong dollars, with cash earnings of 853 million Hong Kong dollars and shares worth 150 million Hong Kong dollars. But in reality, it was much more than this.
The value of the Yihe Insurance Consulting Group was severely underestimated. The company's value was far beyond 500 million Hong Kong dollars.
So, Xia Yu's actual gains definitely exceeded 1.003 billion.
What a tremendous windfall!
Excluding the money earned from gambling, Xia Yu had more than doubled his assets just from the campaign against Yihe Machinery Group!
The profit was astounding!
No wonder Liu Luanxiong in the later years was so keen on targeting other companies. This legitimate and reasonable method of financial heist is incredibly fast!
This is the allure of finance; Xia Yu was starting to feel somewhat addicted!
Shaking his head slightly, Xia Yu calmed himself. It was not yet the time to be complacent.
The most critical acquisition battle for Wharf Holdings was still not over!
Making money is important, but acquiring Wharf Holdings is even more crucial, as its value far exceeds a billion in profit.
Moreover, an important point is that money, no matter how good, cannot compare to a real, solid enterprise. A golden egg and a hen that lays golden eggs— which is more important?
The answer is obvious, it is the hen that lays the golden eggs.
Wharf Holdings is that hen!
As long as Xia Yu captures this hen, he can step into Hong Kong's booming real estate industry, directly jumping into the top ranks, catching up with the decades of accumulation of figures like Li Ka-shing and Li Chao-chi.
By then, Xia Yu would add another title of "Real Estate Tycoon" to his list after "Media Tycoon" and "Financial Tycoon."
With Wharf Holdings, Xia Yu would be able to leverage its decades of accumulated foundation, rapidly incubate companies, and quickly enter various industries, giving his career a super boost.
"Wharf Holdings, it's about to be in the bag!"
Xia Yu's mouth curled into a smile as he thought to himself.
Soon, he arrived at HSBC Securities and found Liu Tianci.
Liu Tianci had been waiting for a long time. Upon seeing Xia Yu, he immediately took him into the office to sign the equity transfer contract.
HSBC Securities' connections were indeed extensive, helping Xia Yu secure three shareholders and acquiring a total of 5.7 million Wharf Holdings shares, about 5.81%.
The money transferred from the Yihe Consortium was barely warm when Xia Yu used it again.
Spending 99.8 million Hong Kong dollars, Xia Yu acquired these 5.7 million Wharf Holdings shares, with an average price of 17.5 Hong Kong dollars per share.
"I'll head out now!"
After securing HSBC Securities' shares, Xia Yu was quite pleased and said to Liu Tianci, then walked out.
"Safe travels!"
Liu Tianci did not try to keep him and saw Xia Yu out the door.
Watching Xia Yu leave with his head held high, Liu Tianci unconsciously clenched his fists, feeling a surge of excitement.
He knew that Xia Yu's departure would drop an atomic bomb on the already tumultuous battlefield.
"This day will surely be a legendary one!"
Liu Tianci's eyes were misty as he revealed an expectant smile, murmuring to himself.
"Soon, I'll be leaving too. With such an amazing boss, I absolutely cannot lag behind."
"After all, the bank is the core of the boss's future…"
...
"Wang Qi, have you sorted out the situation?"
Arriving at Jiuding Securities, Xia Yu went straight to the office. He found Wang Qi inside, threw his bag on the sofa, and walked over, asking as he walked.
Wang Qi immediately stood up, took the document next to him, and respectfully said, "Boss, it's all sorted out. Please take a look."
Wang Qi handed over the document with both hands.
Xia Yu nodded slightly, took the document, and sat down in the boss's chair, studying it carefully.
"Rustle… rustle…"
As he flipped through the pages, Xia Yu's eyes grew brighter, and his smile widened.
"Good!"
Xia Yu's face lit up with joy, unable to contain his excitement.
Unknowingly, he had accumulated so many Wharf Holdings shares in his hand!
Previously, Jiuding Securities secretly acquired nearly 28 million Wharf Holdings shares, accounting for 28.57% of the total shares, spending 395 million Hong Kong dollars. This was done a while ago when funds were insufficient, and he had leveraged ten times to finance 285 million Hong Kong dollars for the acquisition!
Then, after the Galaxy Fund was established, Xia Yu had more funds and restarted the stock acquisition. This second large-scale secret purchase, as of yesterday, had acquired a total of 14.06 million shares, accounting for 14.35% of the total shares, with an expenditure of 240 million Hong Kong dollars.
Combined, this accounted for 42.92% of the equity.
And the 5.7 million shares just acquired from HSBC Securities accounted for 5.81% of the total shares.
Xia Yu calculated it in his mind. After nearly six months of waiting, he had secured 48.73% of Wharf Holdings' shares, totaling 47.73 million shares, with a total expenditure of 735 million Hong Kong dollars.
With such a high percentage of shares, he was less than 1.3% away from the 50% mark. Xia Yu could now practically claim that Wharf Holdings was his!
He knew that the controlling entity in the Wharf Holdings board, the Cheung Kong Group, held only 13.9%, which shows how dispersed the shares of Wharf Holdings were.
Apart from the 13.9% held by Cheung Kong Group, Yihe Holdings also owns 5%, so Yihe Consortium's total stake in Wharf Holdings is 18.9%.
This shareholding is completely crushed by Xia Yu!
Wharf Holdings could be embraced by Xia Yu at any time; it was just a matter of choosing when to announce it!
"But I still need to wait a bit longer. The more shares I secure now, the more money I save later!"
"Bao Yu's news should be coming soon…"
Xia Yu's eyes narrowed, his lips curling with anticipation, thinking to himself.