A wealthy family from Hong Kong Island conquers two beauties, four stunning beauties and ten beautie

Chapter 213 Li Jiacheng: Lin Fei, I TM thank you!

The female reporter stood up and said nervously: "Mr. Lin, I heard that your previous target was HK Electric, is this true? If so, do you think you are sure?"

Lin Fei paused slightly, and continued: "My goal is not only Hutchison Whampoa, indeed, HK Electric Group is also within our consideration. "

"I have always believed that only by continuous expansion and development can we ensure the survival and growth of the enterprise, as for grasping, I would like to say that Feilong Group never does what is not certain. "

This answer obviously shocked the audience.

The last question was asked by a veteran financial reporter: "Mr. Lin, does your acquisition of Hutchison Whampoa and the target HK Electric Group mean that Feilong Group will transform and enter more industries?"

Lin Fei looked at the reporter and said slowly: "The goal of Feilong Group is diversified development, but our core is finance and technology. "

"These acquisitions and investments are just to make the Feilong Group stronger and more competitive, and as for the transformation, I think it's just a strategic adjustment, not a change. "

With the end of this series of questions and answers, the press conference is gradually approaching the end of ~.

In a lavishly decorated and solemn conference room, Li Ka-shing, the helmsman of the Hutchison Whampoa Group, sat at the end of a long table, with a thick stack of documents and several faxes spread out in front of him.

He was dressed in a delicate suit, sitting upright in a chair, his expression was calm, but his eyes revealed a sharp air that was difficult to hide.

"Ladies and gentlemen, we must go all out in this acquisition of HK Electric, and the main competitor of the other party is Lin Fei's Feilong Group, and we cannot give in. "

Li Jiacheng broke the silence, his voice steady but with unmistakable majesty.

Just then, there was a gentle knock on the door twice, and an assistant cautiously walked in.

He handed over an urgent message that had just been faxed in.

The assistant whispered, "Mr. Li, there is an urgent matter." "

Li Jiacheng picked up the document, and when he looked at it, his face changed suddenly.

"What's wrong, Mr. Li?"

Mr. Zhang, the chief financial officer, noticed his anomaly and couldn't help but ask.

Lin Feigang announced at a press conference that he plans to acquire Hutchison Whampoa. "

Li Jiacheng put down the file, his voice trembling a little.

There was silence in the conference room so quiet that you could almost hear the needles hitting the ground.

Li Jiacheng and Lin Fei have been competing for HK Electric Group, but I didn't expect this guy to be eyeing Hutchison Whampoa.

Li Jiacheng took a deep breath and tried to calm his emotions, and he quickly ended the meeting.

The moment the door of the conference room closed, Li Jiacheng felt a wave of exhaustion welling up in his heart.

He walked over to the bookshelf, took down a heavy copy of Strategic Management of Enterprises, flipped through a few pages, and put it down.

The book doesn't teach him how to deal with a sudden takeover war.

He walked to the window and looked at the busy downtown area of Xiangjiang, and couldn't help but feel a little confused in his heart.

"Lin Fei is serious this time, he wants to buy Hutchison Whampoa, and I only hold 35% of the shares, which is almost bad news. "

Li Ka-shing walked to a large map, on which the distribution of Hutchison's business around the world was marked with a red needle.

He took out a pen and began to calculate on the paper.

"If Lin Fei is serious, then he must have enough liquidity on hand to make the acquisition, according to the current market value of Hutchison Whampoa, even my 35% equity will need a huge amount of money. "

Li Jiacheng went on to analyze: "At present, Hutchison Whampoa's business is diversified, including real estate, communications, shipping and other sectors, while Lin Fei's Feilong Group mainly has advantages in the technology and media fields. "

"In this way, if he wants to make an acquisition, it should theoretically trigger the antitrust law, and I have already invested the funds in the acquisition of HK Electric Group, and I have almost exhausted the liquidity. "

"If Hutchison Whampoa becomes a target again, I will have to move money from other businesses, but that will affect the operation of the whole group. "

Li Jiacheng sits at a luxurious mahogany desk with a pile of freshly printed financial statements and analysis charts.

Huo Jianning stood aside, holding a folder.

"Huo Jianning, come in and sit. "

Li Jiacheng beckoned, his face expressionless.

Huo Jianning walked in with a serious face: "Mr. Li, I have already made some preliminary analyses about Hutchison Whampoa. "

Say. "

Huo Jianning opened the folder and took out a chart: "According to our current financial situation, the cash flow is mainly focused on the acquisition of HK Electric Group, and there is not much available capital. "

"I know that. "

Li Jiacheng said coldly: "The key is how we assess how much cash Lin Fei has on hand that can be used to acquire Hutchison Whampoa. "

"That's the problem. "

Huo Jianning frowned: "Feilong Group is not listed, and it is difficult for us to find out their detailed financial situation." "

Li Jiacheng put down the report and stared at Huo Jianning: "This is a game, the bet is on who has more chips in his hand, we must find out how many chips Lin Fei may have as soon as possible." "

Huo Jianning nodded: "We can estimate from Feilong Group's business revenue and market share, but such data has limitations. "

"One more point. "

Li Jiacheng stood up suddenly: "We have to take into account the leverage ratio, Hutchison Whampoa's current leverage is relatively low, but if Lin Fei uses debt financing to make an acquisition, his available funds will be greatly increased." "

Huo Jianning took out another table: "I have already calculated how much capital he can increase if Lin Fei uses leveraged financing, and how much debt this will bring to Feilong Group." (If you read a violent novel, go to Feilu Novel Network!)

Li Jiacheng looked at his watch and pondered for a moment: "If he really does this, the debt ratio of Feilong Group will be greatly increased, which is a double-edged sword for him." "

"And that's not all. "

"High leverage will increase the pressure on him in terms of operational risk, especially as Hutchison Whampoa is currently performing unevenly across multiple business segments, and if Lin Fei does not have sufficient cash reserves, it is likely to lead him into financial crisis," Huo added. "

Suddenly, Li Jiacheng's gaze became sharp, and he interrupted Huo Jianning's words: "Wait a minute, what kind of person do you think Lin Fei is?"

Huo Jianning was stunned for a moment, and then said: "He is a very shrewd and ruthless businessman, good at formulating and executing strategies. "[]

"Yes. "

Li Jiacheng stood up suddenly: "The reason why he is so eager to participate in the acquisition of Hutchison Whampoa is not simply because of its value. "

Li Jiacheng pondered for a moment, then suddenly raised his head, a flash of realization flashed in his eyes: "Jianning, I finally understand that all of this was carefully designed by Lin Fei. "

Li Jiacheng stood up: "I have always felt that something is wrong, why would Lin Fei buy Hutchison Whampoa at this time, instead of other more valuable and easier targets." "

He turned around with a sharp gaze: "He did this precisely to consume a lot of my cash flow in our acquisition battle for HK Electric, so that I would be at a disadvantage in the next economic battle with him for Hutchison Whampoa." "

Huo Jianning's face also showed a clear expression: "I see, this is a typical two-front combat strategy, using the pressure on one front to affect the performance of the other front. "

"Yes. "

Li Jiacheng returned to his seat: "This is a zero-sum game for strategic asset allocation.

He uses this method to influence my supply chain of funds in multiple markets, reducing my liquidity and thus increasing the success rate of his own acquisitions. "

Huo Jianning said a little nervously: "Mr. Li, according to the current cash flow situation, after our acquisition of HK Electric Group, the capital chain will be quite tight, which will cause a great burden for our next acquisition of Hutchison Whampoa. "

Li Jiacheng raised his head and looked at him like a knife: "Are you suggesting that I should suspend the acquisition of HK Electric?"

Huo Jianning immediately shook his head: "No, Mr. Li, what I want to point out is that we need to manage our capital structure and balance sheet more finely.

We could consider a balance sheet restructuring to reduce cash flow pressure through the issuance of bonds or subordinated loans. "

Li Jiacheng took a deep breath of his cigar and slowly exhaled the smoke ring: "Go on." "

"We can use financial derivatives, such as buying some Hutchison Whampoa purchase options, to lock in future acquisition costs. "

"Quite right, this is a war of multi-dimensional capital operation. "

Li Jiacheng returned to his seat: "Lin Fei tried to change the rules of the game by changing the relative cost of capital, but he forgot that I played this game more than him. "

Huo Jianning felt excited: "Then what is our next plan?"

Li Jiacheng smiled: "Recalculate our negative cost of capital ratio and then adjust our portfolio.

Contact a few trustworthy banks to prepare a private placement and tell them that I will offer a more attractive rate of return than the market. "

Huo Jianning immediately understood Li Jiacheng's intentions: "In this way, even if we have limited cash flow, we can use external financing to expand our leverage in the acquisition war." "

Li Jiacheng suddenly put down the cigar in his hand, and his face turned pale.

He returned to his seat and sat down heavily, his eyes full of anger and disappointment.

"Mr. Li, what's wrong with you?"

Huo Jianning felt that the atmosphere suddenly became depressing, and he couldn't help but get nervous.

Li Jiacheng did not answer immediately, but opened the drawer and took out a bottle of whiskey and two glasses.

"He didn't just target Hutchison Whampoa, he wanted to drive me out of the market completely and make me a victim of his monopoly capital. "

"So what should we do now?"

Li Jiacheng clenched his fists: "The problem now is that even if I see through his plan now, with the capital and cash flow on hand, I can't change the situation, it's all too late." "

Huo Jianning was silent for a moment: "Is there really no way?"

"I needed time to raise funds, but time was what I lacked the most right now. "

Li Jiacheng angrily threw down the document in his hand: "If I could have seen his purpose clearly earlier, the situation might have been completely different." "。