章節 821: Chapter 821: You get nothing for nothing (Part 2)
At this time, Charles Rothschild and Sean Rothschild, father and son, were sitting in their office at Rothschild & Sons Limited. The atmosphere in the room was very dull.
'It's been three days since he called to ask...'
After a long while, Charles Rothschild suddenly spoke up.
Sean Rothschild knew that his father was referring to Xia Yu.
Since the dramatic turn of events at China Power three days ago, Xia Yu had not called to enquire about the progress of the takeover, and it seemed that he had forgotten that he had entrusted them with the task of acquiring the shares held by the Swire Group.
At the moment, Sean Rothschild also felt very uncomfortable.
They had previously fantasised about seizing this opportunity, stalling for as long as possible, letting the share price of China Power Corporation rise a little, and then making a move at the crucial moment, hoping to gain Xia Yu's favour and make a killing at the same time.
Who knew that the idea was good, but they had misjudged the situation and underestimated the Jiuding consortium's hand, so much so that they had missed the opportunity.
Now the Jiuding consortium's shareholding in China Power Corporation has exceeded 50%, so the shareholding they hold is not exactly worthless, but it is close.
Not to mention that now, the share price of CLP Power Hong Kong has fallen, to HK$22.50 per share, and there is a trend for it to fall again to its original price.
The share price of HK$22.50 per share is only about 7.1% higher than the initial price of HK$21.00 per share when the stock price started to rise.
But when Charles Rothschild bought it from the Swire Group, it was at a premium of 10%, at a price of HK$23.1 per share.
If the shares were sold to Xia Yu at the current price, Rothschild & Sons Hong Kong Limited would lose more than HK$5 million.
But if they didn't sell, the shares would most likely continue to depreciate in value while the HK$200 million-plus capital would be locked up.
The worst thing is, if it turns out later that they held the shares but didn't sell them to Xia Yu, it would undoubtedly be a big blow to the partnership between the two sides.
With all these considerations, Charles Rothschild felt very uncomfortable.
Xia Yu is too cunning, just an old fox, it's too hard to take advantage of him!
At this moment, Charles Rothschild's remorse grew stronger and stronger in his heart. If he had not been so greedy a few days ago and had stopped when he was ahead, he would not be sitting in his office now, struggling, and he would have made a profit and gained Xia Yu's favour!
The next time a similar opportunity arose, Charles Rothschild would not dare to take such a risk. After this incident, he knew that Xia Yu was too deep, and he could not fathom Xia Yu's true intentions or methods. Forcing the issue would most likely only lead to trouble.
'Ring ring ring...'
At that moment, the phone on the desk suddenly rang, waking Charles and his son from their thoughts.
Sean Rothschild answered the phone, 'Hello, this is Rothschild & Sons Ltd...'
'...
After hearing a sentence from the other side of the phone, Sean Lochhead's face straightened, and he covered the phone and said something to his father in silence. Charles Lochhead perked up, waved at his son and indicated for him to speak.
'Mr Xia, please hold on a moment, my father is here, let him speak to you!'
After saying this, Sean Lochhead handed the receiver to his father.
Charles Rothschild, who had suddenly become animated, spoke in a loud, enthusiastic voice: 'Hello, Mr Xia, I was just about to call you, and I'm surprised to get your call...'
'...'
'Yes, we signed an agreement with Swire Pacific early this morning, and we came back to find out about the information disclosed on the stock exchange... No problem, when will you come over... Okay, I'll prepare the agreement first, and you can sign it when you come over, I look forward to your arrival!'
'Bye!'
'Click!'
After hanging up the phone, Charles Rothschild saw Sean Rothschild's questioning look and shrugged, instructing, 'Get ready, don't blow your cover. Xia Yu will be here soon. We'll see if we can negotiate a higher price. Any savings are welcome.'
...
'Mr Charles, thank you for your hard work. I look forward to working with you again!'
'Mr Xia, we have always had a pleasant working relationship. If there is similar business next time, please be sure to give it to our company. I don't think I will let you down!'
'See you next time!'
At around 11:30 a.m., Charles Locher sent Xia Yu out the door with a smile on his face, waving his hand as he watched Xia Yu's luxury car drive away. It was only after the car disappeared from sight that the smile gradually faded from his face, and a dark look appeared between his brows.
He had stolen the chicken but lost the rice!
During the negotiations with Xia Yu, Charles Lochire had no choice but to raise the price. He sold the 9.9 million shares he held to Xia Yu at the real-time stock price of HK$22.21.
Xia Yu waved his hand, directly made up the difference to a round number, and took over the shares at a price of HK$220 million. Charles Lochire had to praise Xia Yu for his generosity while smiling.
But in reality, he was extremely depressed.
He had acquired the shares from the Swire Group for HK$228.7 million, but now he had sold them for HK$220 million. After all the trouble, he had lost HK$8.7 million.
Before Xia Yu called, the share price was still at HK$22.5, with a floating loss of only 5 million. But when Xia Yu arrived for the negotiations, the share price had dropped to HK$22.21, and he had lost another 2 million.
'Forget it, I made a profit of at least HK$20 million when I helped Xia Yu acquire Hong Kong Telephone Company, so after deducting the current losses, I still have just over HK$10 million, which is considered a success.'
Charles Locher comforted himself, but the depression in his heart still lingered. Losing money was a trivial matter, but the sense of failure was what made him the most difficult to let go.
An old horse loses its footing...
As for Xia Yu, of course he was aware of Charles Locher's depression, but he just gave a cold smile in response and then let it go.
He had someone transfer the 11% stake into several parts, with 6.3% going to Jiuding Industrial Group, raising its stake to 34.9%, just 0.1% short of the general offer trigger.
Another 1.2% was divided and given to Jiuding Bank, and 1.9% was divided and given to Jiuding Securities, raising the shareholding of both to 10%.
The remaining 1.6% was given to Jiuding Insurance, raising its shareholding to 7.5%.
In this way, the newly acquired equity was immediately divided up.
The main consideration for Xia Yu in hanging China Power Company on the borderline Jiuding Industrial Group instead of the orthodox Jiuding Energy Group was the future anti-monopoly law.
Although Hong Kong currently has no anti-monopoly law, it was only introduced a few years before Xia Yu's rebirth in a previous life, but there is no guarantee that if Xia Yu is too arrogant in this life, he will force others to join forces and create it.
Moreover, Xia Yu had no intention of merging China Power Company and Hong Kong Electric Company, because in his opinion, the disadvantages of a merger would outweigh the advantages. The reputation would be great, but the harm would be too great.
If the two companies merged, the new power company would monopolise 100% of the Hong Kong electricity market. If someone with ulterior motives secretly pushed for it, and if public opinion was swayed, the Hong Kong government would likely issue another power operating licence, which would be a huge problem.
It is better to let both companies operate at the same time, so as to save face for the Hong Kong government. Although many people know the truth that the two companies are the same and the names are closely related, as long as Xia Yu's offshore equity is not exposed, he can insist that the two companies are not related, and no one else can produce evidence. In the end, the matter will just be forgotten.
Moreover, it is also beneficial to leave the two power companies, as it will encourage healthy competition between them, which is beneficial to the development of both companies in the long run.
No matter which group it is put under, as long as he is in control, he will be the undisputed king of Hong Kong's power industry!
After the shareholding was dealt with, Xia Yu called a meeting with the heads of several companies to deploy the bloodshed of China Power Company. The goal was to erase all traces of the Kadoorie family from China Power Company in the shortest possible time, so that Xia Yu's orders could be implemented 100%.
Happy times are always short.
As time passed, it entered the end of June without Xia Yu noticing.
Xia Yu was laying a solid foundation in Hong Kong, but the state elections in the United States were nearing their end, with outstanding political figures emerging one after the other.
In the following July, the Democratic Party and Republican Party of the United States would hold their respective conventions to determine the nomination of their respective presidential candidates.
This step required extreme caution for both parties. If the nominated presidential candidates were not up to par, the entire party would be affected, and it would be easy for the other party to seize the opportunity.
Of course, for those political elites who aspire to run for president, this is also the most critical time for them. They must mobilise all their forces, win the support of the bigwigs in their party, and fight their way through the crowd of colleagues in order to represent their party in the final contest.
If they are not nominated as their party's presidential candidate, then they can declare their campaign a failure.
Although they can continue to run as an independent candidate, everyone knows that that will only increase their popularity, and they are more likely to become the laughing stock.
After all, since the founding of the United States, there has only been one person who has become president as an independent candidate, and that person is none other than George Washington!
Washington's success was due to the general trend of the times, and the combination of favourable circumstances, and it is simply impossible to replicate.
There is no way there will be a second Washington!
Therefore, the next month will be the most competitive time for the two parties.
Ronald Wilson Reagan has also been shortlisted for final assessment by the Republican Party bigwigs!
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