Chapter 1048: Everyone is bottom fishing

The first to make a big move was the four major real estate tycoons of the later generations who had picked up bargains after the stock market crash in 1973 and made a fortune.

Li Ka-shing, Kwok Tak-sing, Lee Shiu-kee and Cheng Yu-tung all took advantage of the bottom to buy property companies with large amounts of land or already-built properties.

Among them, the one with the strongest capital and the biggest handwriting was Lee Shiu-kee, the boss of the four who was the most capable of grasping the capital market.

There was nothing they could do about it, as the stock market crash had happened so suddenly.

Although Xia Yu's Jiuding Group had been fighting against the Taikoo Group for some time, anyone with a sense of crisis would have tried to cash out their stocks and raise funds at that time, but after all, the time was still too short.

Li Ka-shing, Guo Desheng and Zheng Yutong had cashed out some of their stocks at high prices and raised some funds from other channels, but they were definitely not as good as Li Zhaoji.

Henderson Land alone raised HK$1 billion in June when it was listed.

If we think back to before the 1973 stock market crash, Lee seized the opportunity to push the newly established Wing Tai Construction Company to go public just a few months after its establishment, raising a large sum of money for bottom fishing after the crash.

What a similarity!

Lee's ability and sense of smell are incomparable to the other three.

Of course, now that the stock market crash has happened and the bank run crisis has not yet been resolved, there are countless companies with broken capital chains. Naturally, there are more big shots than just the four of them, Li Zhaoji, Li Jiasheng, and the others, who want to buy at the bottom.

Big shots like Hu Yingxiang, Wang Dehui, Luo Yingshi, Tian Yuanhao, and so on, have also come down to the field.

However, their acquisitions are not limited to listed companies.

Even for acquisitions of listed companies, most of them do not acquire shares from the stock market. In order to improve efficiency and save costs, they directly approach the shareholders, and just like Xia Yu, they negotiate and sign the contract directly after a few words.

Xia Yu has set a good example for everyone.

Once you have secured the support of the majority shareholders and increased your shareholding to more than 66.7%, you can forcefully take over the board of directors, pass a resolution and apply to the stock exchange for privatisation.

If you buy shares on the stock market slowly, it will take a long time and be very labour-intensive. Not only will not all shareholders sell, but it will also be easy to push up the share price, increasing the cost of the takeover.

At this time, it is also the easiest time to directly approach shareholders to buy their shares.

There is no other way. At this time, the importance of cash is highlighted more than ten times over. As long as the full amount is paid, assets that were previously worth hundreds of millions of dollars can now be bought for 30 or 20 million!

Since many acquisitions are not made through the stock market, although the trading volume of the stock market has increased, it is still a buyer's market. The Hang Seng Index cannot buck the trend and rebound, and can only fluctuate violently at around 600 points.

When the other big shots moved, the heads of Xia Yu's various companies did not intend to miss this opportunity.

Thanks to Xia Yu's wise guidance and farsightedness, the companies under his leadership have always developed rapidly and are highly profitable.

At the beginning, he would withdraw funds from each company to invest in the capital market, but later, when he had a huge amount of capital, he did not withdraw much. Even if he did, he would re-inject more.

This has resulted in a healthy cash flow for the companies under his leadership.

After receiving strategic instructions from Xia Yu at the top this time, many companies in the Jiuding consortium have begun acquiring companies that can complement their own businesses.

For example, Jiuding Retail Group has set its sights on Xiangjiang Marathon Sports Goods Chain Store, currently the largest sports retail company in Xiangjiang.

Jiuding Pharmaceutical Group has set its sights on Aomei Pharmaceutical Factory, the first modern pharmaceutical company in Xiangjiang, and Renyuantang, a health food manufacturer and distributor.

Of course, the biggest move was made by Jiuding Real Estate Group, which received the greatest financial support from Xia Yu.

Whether it is a real estate company with a large number of land plots, a specialised infrastructure company, a property management company with a large number of properties, or a hotel management company, they are all acquisition targets of the Jiuding Real Estate Group.

According to Xia Yu's instructions to Liu Shihao, Liu Shihao was to take advantage of this opportunity to acquire as many commercial land plots and popular properties as possible, while expanding the infrastructure team as much as possible, in order to lay a solid foundation for the further development of a large number of low-priced real estate projects in the future.

Of course, the many companies under the Swire Group are also one of the most delicious cakes.

After HSBC released the news, many wealthy people went to ask about the price. Seeing that there were many interested people, Shen Bi arranged for someone to preside over an asset auction in an attempt to obtain the maximum profit.

Other banks holding Swire Group and Shi Yahuai family mortgaged assets also released news to attract people to come to the door.

Perceiving that the time had come, at the command of Xia Yu, the many acquisition teams from the Jiuding Securities Company, which had been waiting for a long time, went into action.

With Jiuding Securities' financial strength and influence, no one can compete with them. As long as Jiuding Securities wants a target, they will eventually get it, and the price will not be too high, because at this time almost no one wants to offend the Jiuding consortium.

Norman Shih Yawei could only watch helplessly as the equity that originally belonged to him fell into the hands of Jiuding Securities.

The entire Shih Yawei family was bleeding inside, and the atmosphere of grief and helplessness has always loomed over the Shih Yawei family.

...

At 10:30 a.m. on 13 September.

Xia Yu was browsing the latest acquisition results and progress reported by various companies.

Song Bo came to Xia Yu's office excitedly.

'Mr Song, you're here, please sit down!'

Xia Yu smiled faintly when he saw that it was Song Bo who had knocked on the door.

After Song Bo sat down, he asked with some expectation, 'Mr Xia, I just heard that you have taken over the remaining shares of Taikoo Trading Company and Taikoo Industrial Group?'

Xia Yu joked, 'Mr Song, you're well informed!'

Song Bo smiled, a little embarrassed, and said, "Mr Xia, there's nothing I can do about it. Now the whole Song family is paying attention to this matter, and we're counting on the two companies in the future.'

Xia Yu smiled and said to him, "Mr Song, I told you, these two companies will definitely be acquired.'

Song Bo nodded hurriedly, gratefully saying, 'Mr Xia, I always believed that you would be able to successfully acquire them. I'm very grateful for your hard work over this period of time.'

Xia Yu waved his hand.

Then he suppressed his smile and said, 'Mr. Song, right now I have 51.38% of Swire Pacific's shares. Apart from the 44.32% you currently hold, the remaining 4.3% is in the hands of the Sze Ah Wai family. As long as we acquire all the shares that the Sze Ah Wai family has pledged, we can temporarily leave the 4.3% that is not pledged.'

'There is also 74.9% of Swire Pacific's shares.'

'How much money have you got on your side?'

'How much you can buy depends on how much money you have!'