Liang Yuan said that he made money from nothing.

In the stock exchange negotiations led by Newbijian, the debate over the proportion of shares exchange between the two parties was very fierce. After all, every up and down fluctuation involved millions of huge interests.

One-to-one ratio replacement is a suggestion from the middle shareholders of Land Land, but anyone with discerning eyes knows that whether it is Hong Kong Land Land or Jardinea, even if the stock market crash is successfully overcome, the stock prices of the two companies can recover to the starting point before the stock market crash will be considered to be successful completion of the task. In other words, the current double or one and a half times of the stock market price is the maximum valuation of the company.

Under normal circumstances, the market value of Hong Kong Land is basically hovering between HK$14 billion and HK$16 billion. If there is major positive news for the Hong Kong economy, a brief surge to HK$20 billion is the maximum market value that Hong Kong Land can achieve at this time.

As for the upcoming Federal Deutsche Telecom, countless economic people around the world have an original valuation of this giant company of more than HK$300 billion. Yuanjiasuo owns 9% of Federal Deutsche Telecom's shares worth at least HK$27 billion. If the capital market is considering the pursuit of emerging sunrise industries, even the original valuation of HK$50 billion is an extremely conscientious and fair price.

Whether domestically or abroad, the price-to-earnings ratio of listed companies involved in high-tech in the 20th century was almost no less than fifty times. In the near future, the day after the reunification of the two Germans, West Germany Telecom was transformed into Deutsche Telecom and went public, and the whole of Europe fell into madness.

In front of the Frank stock trading hall, buyers from European countries who applied for Deutsche Telecom shares lined up dozens of kilometers long. The German media did an interesting statistics that on the day Deutsche Telecom went public, all companies in Germany received leave from their employees to queue up to buy Deutsche Telecom shares. The total number of applications for the purchase of Deutsche Telecom shares was close to 30% of the total registered labor force in Germany.

In the end, Deutsche Telekom's stock price increased by more than seven times that year.

Faced with the greed of negotiating opponents, Newbiejian, who was born in Jardine, was not polite and clearly pointed out that the development prospects of West Germany Telecom Hong Kong Land, which is infinitely broad in the future, are really limited.

"In three years, no matter how it is, the stock price of Hong Kong Land is unlikely to rise to more than 2 times, and the stock price of West Germany Telecom is almost inevitable, not to mention that the Federal Republic of Germany, which is at the core of the European economy, is not comparable to Hong Kong. If you want to reach a deal, it is better to show sincerity."

Of course, some people have questioned the future value of West Germany Telecom. If everything is as good as Nübijian described, wouldn’t Nübijian become a fool like stock exchange?

Faced with doubts, Nvbijian laughed and ignored it, but once again put forward the "Great Jardine Plan" of that year. Nvbijian firmly believed that if capital was rooted in Hong Kong, it would receive a richer return than West Germany Telecom.

Hearing the familiar arguments of Newbijian again, the suspicion left by the middle-aged shareholders of Real Estate finally completely dissipated. Almost most of the middle-aged shareholders of Real Estate who drove Newbijian out of Jardine were one of the masterminds behind the scenes. Otherwise, the Caesar family itself would not have been able to obtain more than half of the support ratings on the board of directors alone.

Although the conflict in the world outlook between the two sides can only be left to time to judge, the progress of the negotiations has accelerated a lot. A week before Liang Yuan returned to Hong Kong from Federal Germany, the negotiations between the two sides made a major breakthrough.

After reaching an agreement to inject capital into West Germany Telecom with the federal German government, Liang Yuan divided the gains brought by the entire agreement into two. The agreement to deliver 9% of West Germany Telecom's total shares in three phases was placed by Liang Yuan as a new company registered in the Bermuda Islands by an investment company called "Fengyuan".

Later, after the successful merger of the two Germanys, the additional investment of US$900 million was added to obtain an agreement to reorganize Deutsche Telekom on the basis of West Germany Telecom, which was left by Liang Yuan under the Asian Development Bank.

It can be said that in the first half of the agreement, the part of the investment of US$2.4 billion to obtain 9% of West German Telecom shares was Liang Yuan's overall package and sale of the largest underground party in East Germany. In addition, Yuan Jia's own reward for selling coolies in the process of unification of the two Germanys, and the additional investment after the agreement was the reward for Yuan Jia's merits after the unification of the two Germanys. After all, only 900 million US dollars can be obtained by obtaining 6% of the total shares of Deutsche Telecom, which can be regarded as a pie falling from the sky.

In the contract reached an agreement between Newbiejian and Jardine's middle shareholders, it was agreed that the "Fengyuan" Investment Company, registered in the Bermuda, will use its own shares to exchange for Hong Kong Land shares in the hands of Jardine's middle shareholders, in a ratio of 1 to 176. That is to say, the "Fengyuan" Investment Company, which owns 9% of the total shares of West Germany Telecom, can achieve an absolute control of 51% of Hong Kong Land only by replacing 29% of its total shares.

If Hong Kong dollar cash is used as a reference for transactions, the valuation of "Fengyuan" Investment Company is about HK$26 billion, while Hong Kong Land's valuation is HK$14.8 billion.

The company worth HK$50 billion is only worth 26 billion. It can be said that Yuanjia has offered an extremely conscientious transaction price for Jardine Mathematics' middle-sized shareholder group.

Yuanjia's senior management has also had questions about Liang Yuan's huge concessions, but someone gave a huge answer. Even if the capital injected into Deutsche Telecom will double and increase by about four to five times in three years, Liang Yuan firmly believes that the increase in the same amount of capital in his hands is far greater than injecting funds into Deutsche Telecom.

Liang Yuan's answer brought a sudden end to all the discussions within Yuanjia.

Historical facts have proved that the appreciation rate of capital in Liang Yuan's hands is far greater than the appreciation rate of waiting for Deutsche Telecom to appreciate. Therefore, Liang Yuan decided to immediately cash out the dividends obtained by Yuan Jia from East Germany, and successfully gained a consensus within Yuan Jia.

Capital's sensitivity and greed to profits are far beyond the imagination of ordinary people. After the preliminary verification and preparation work was completed, Nvbijian quietly settled the 113% equity swap of Hong Kong Land in just one week. Before that, Tang Wan used a large amount of funds to disrupt the Hong Kong stock market with the help of an outbreak of stock market crash, but she absorbed 46% of the shares from retail investors.

Jardine Centre's middle-class shareholders who have already paid off their own land equity have also become shareholders of Fengyuan Investment Company. In a blink of an eye, Nvbijian and his enemies at that time have become colleagues who work in a company. Then some people try to get more benefits and test the feasibility of Nvbijian's use of funds to purchase shares of "Fengyuan" Investment Company under the guise of reminiscing.

After all, it is once a lifetime to be a freak similar to someone. Three years can make capital more secure. In the eyes of ordinary business people, three times are already a rare opportunity that cannot be missed in life.

Although Nvbijian was puzzled by the instructions issued by the group headquarters, he still faithfully implemented Liang Yuan's intentions. When Nvbijian expressed that if the price was right, it was not a sign that Jardine's middle-class shareholders gathered more than HK$700 million in just two days.

Of course, Yuanjia will certainly not implement the original large-scale concession plan for these former shareholders of Hong Kong Land, who have lost their chips. At present, the two sides are discussing the price per share of Fengyuan Investment.

After a long fermentation, the matter finally reached the ears of the head of Jardine's family, Simon Caesar. After a brief silence, Simon Caesar finally bowed to his former opponent and took the initiative to call Newbijian to try to cut the largest piece of the delicious cake.

In Liang Yuan's eyes, the amount of more than 3 billion US dollars in fund mobilization capabilities that Jardine has in his hands can perfectly reach the pit left by the $2.4 billion Yuan Jia Sid Telecom.

Liang Yuan struggled all over the world for half a year, and the whole picture of the acquisition of Jardines was not unfolded until this time.

Strictly speaking, someone just acted as a pure second-hand dealer. The core of the plan was to get shares from the West German government and sell them at a higher price. The extra profit was just used to replace shares of Hong Kong Land. The entire plan was so typical that it could not be a typical waste of money.
Chapter completed!