"Mr. Wang, although Hutchison Whampoa's stock price is indeed low right now, from another perspective, its potential value is huge, and the current stock price does not represent its true value.'
'I also believe in Xia Sheng's strength. As long as we take over Hutchison Whampoa, we will definitely be able to get out of the quagmire. By then, it will be very simple for Hutchison Whampoa's value to double.'
Hearing Shen Bo say this, Wang Qi heard the meaning in his words and immediately shook his head and said, 'Mr. Shen, you can't make such assumptions. This is all unheard of. I can't guarantee that after acquiring Hutchison Whampoa, our chairman will be able to lead it out of the quagmire. This is just a gamble with great risks! Even if there may be profits, they are what we deserve after taking the risk and have nothing to do with HSBC!'
'We should look at the present. If things continue on their current trajectory, Hutchison Whampoa will remain in deep trouble, and HSBC's funds will be tied up, resulting in huge losses.
'If you sell your shares to us, we can unwind the position. I believe that with HSBC's capabilities, it will not be a problem to double or triple the profit in a few years.'
'And as far as I know, when HSBC acquired this stake, Hutchison Whampoa's overall market value was less than 200 million Hong Kong dollars. You can still make a huge profit if you sell now. If you withdraw the profit in time, you can avoid the profit shrinking.'
Shen Bi suddenly laughed and praised, 'Mr. Wang, you are very eloquent!'
Wang Qi modestly said, 'I still have a lot to learn from Mr. Shen.'
Seeing that Wang Qi was not going to be convinced, Shen Bi also gave up trying to persuade him and decided to get to the point.
'Mr. Wang, I will be direct. I have two options for transferring the shares of Hutchison Whampoa to you.'
'Please go ahead!'
'The first option is that HSBC will retain 10% of the shares and transfer the rest to you at the current market price.'
'The second option is that I am optimistic about the prospects of Jiuding Securities, so I want to cooperate with your company. HSBC Securities will transfer some of its shares to Jiuding Securities in exchange for all the shares of Hutchison Whampoa, and you will make up the difference.'
After saying this, Shen Bi ignored Wang Qi's solemn face and looked at him with a faint smile.
At this moment, Wang Qi secretly cursed Shen Bi's shamelessness for making these two requests that were both difficult for him.
No matter which one he chose, HSBC would make a profit.
With the first option, HSBC was planning to make a profit by letting Xia Yu lead Hutchison Whampoa out of the quagmire. As long as the share price of Hutchison Whampoa doubled, the value of the 10% equity stake left behind by HSBC would also double, and the more Hutchison Whampoa developed in the future, the more HSBC would make.
Although Shen Biao gave in and said that the transfer would be at par, whether it is a premium or par depends on the company's analysis.
When HSBC bought this stake, it cost only 70 to 80 million Hong Kong dollars. According to the current market value, this stake is already worth nearly 2.2 billion Hong Kong dollars. Excluding the factors of currency depreciation and HSBC's own asset appreciation ability, HSBC has also made a net profit of at least 1.5 billion Hong Kong dollars.
And it must be considered that the market is not optimistic about Hutchison Whampoa. If HSBC dares to throw away its 20% stake, the share price of Hutchison Whampoa will definitely crash. Therefore, apart from a private transaction, apart from Xia Yu, it is really difficult for anyone else to take it over.
In other words, HSBC is locked in, and the value of its holdings is also inflated.
The second option was that Shen Bi gave up the future profits of Hutchison Whampoa and set his sights on the even bigger ship of Jiuding Securities.
Everyone knew that Jiuding Securities was now the number one local securities company in Hong Kong, with unlimited prospects.
If HSBC Securities and Jiuding Securities had cross-shareholding, then HSBC Securities would not only be able to share in Jiuding Securities' profits, but also gain access to Jiuding Securities' information, and be able to follow suit before everyone else, which would be very profitable.
No matter which of the two options Wang Qi chooses, HSBC will not lose out, the only difference being which boat to get on!
Shen Bi even hopes that Wang Qi chooses the second option.
However, Wang Qi is well aware that Jiuding Securities has many secrets that are unknown to outsiders, and Chairman Xia Yu will never let HSBC get its hands in, nor does he have the authority to agree to such a thing.
Therefore, Wang Qi decisively shook his head and said, 'Mr. Shen, you are putting me in a difficult position. I am only the general manager of Jiuding Securities and have no authority to agree to your request to swap shares.'
'And I know our chairman, and he would not agree to such a request either!'
Shen Bi was not moved and said with a faint smile, 'Anything is possible, isn't it?'
'Mr Wang, if you find this difficult and can't make a decision, why don't you ask Mr Xia? If you've made a decision, we can talk again!'
'In the meantime, Qi Dezun won't know anything about what's going on between us.'
At this point, Wang Qi could only give up for the time being.
He got up and said, 'Mr Shen, I'll go back and consult our chairman first, and we'll see what happens after he's made a decision!'
'Okay!'
'I'll take my leave now!'
'I'll walk you out!'
...
Soon, Wang Qi returned to the company, but he couldn't find Xia Yu. He called the chairman's office, but was told that the chairman, Xia Yu, had gone to Jiuding Real Estate Group and was temporarily unavailable.
Wang Qi had no choice but to temporarily put the matter aside and focus his energy on suppressing Huaguang Shipping and Huaguang Real Estate, as well as the acquisition of the Heung Kong Yaumatei Ferry Company.
Let's talk about Xia Yu's side.
After Wang Qi left, he went to Jiuding Real Estate Group, found Liu Shihao, and drove with him to Central, Hong Kong Island.
At this time, he was wearing sunglasses and inspecting Wyndham Street with Liu Shihao.
Stepping on the cobblestone path, Liu Shihao carefully observed the various restaurants, bars, karaoke lounges, and other shops around them.
Because it was daytime, apart from the restaurants, the other entertainment shops were either closed or very quiet even if they were open.
Liu Shihao is not surprised. He knows that what he is seeing now is only an illusion. When night falls, the place will be very lively.
After walking and stopping for more than ten minutes, they have walked from Wyndham Street to Wing Wah Lane.
Xia Yu stops and asks Liu Shihao, 'Shihao, after seeing all this, what are your thoughts or feelings?'
Liu Shihao has been summarising as he looks along the way, and he already has an idea in mind.
At this point Xia Yu asked, and without hesitation he said, 'There are a lot of Western restaurants here, including Japanese, British, German and French restaurants. The density of these restaurants should be among the highest in Hong Kong. There are also many bars and karaoke lounges, as well as many supporting retail stores. It can be said to be a place where dining, entertainment and leisure are all available.'
'In the evening, the flow of people here will be very high. White-collar workers from the nearby Hong Kong Island should really like to come here to spend some time and relax.'
'However, after looking around, I feel that there are quite a few shortcomings. The most obvious one is that the various shops are scattered around in a messy and unplanned manner, and the quality is uneven.'
'If it can be planned and managed in a unified manner, this place can be developed into a small leisure and entertainment business district with a very promising future.'