As a listed company, some information about Taisheng Development is public.

At present, the total share capital of Taisheng Development is 52 million shares, the current stock price is HK$1.73, and the total market value is about 90 million.

However, when Taisheng Development was listed, its stock issue price was HK$2, and at its peak, the stock price once exceeded HK$5.

A stock market crash, coupled with an oil crisis, caused the stock prices of many listed real estate companies to plummet like Taisheng Development.

Many companies went bankrupt because their stock prices plummeted and they lacked funds. Banks tightened their finances and even withdrew loans.

At least Taisheng's development is doing well. Although the stock price has fallen below the issue price, at least it does not have too much debt.

Xiang Zhiqiu currently holds 13 million Taisheng Development shares, accounting for 25% of the total share capital. His younger brother also holds 7% of the shares. Except for a few small shareholders, the other shares are held by Xiang Zhiqiu.

Everything above is circulating in the market.

The Xiang brothers collectively hold 32% of the shares. If there is a hostile takeover, although the acquisition may be successful at a higher price, it will not only have a bad reputation, but also the cost will be too high.

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Therefore, the best way is to acquire through agreement, which is good for both parties.

But for the sake of safety, and in order to have complete control over the company in the future, Lei Yunrong also entrusted HSBC to secretly absorb more shares of Taisheng Development.

On the other side, Lei Yunrong also personally came to buy Xiang Zhiqiu's shares.

Xiang Zhiqiu's home is at No. 23 Shi Xun Road, Taipingshan. This is a mansion he bought for 3 million in 1973.

In 1984, Xiang Zhiqiu spent 100 million to renovate the house in order to live with his family. After the renovation, it was called "Genesis" and it became a famous mansion in Hong Kong.

But it may be a matter of personality. After his mansion was renovated, none of his five sons wanted to live with him.

So in the end he sold this mansion for 540 million in 1996.

Although this mansion has not undergone extensive renovations at this time, it is not shabby at all on Shi Xun Road in Taipingshan.

We had already made an appointment with Xiang Zhiqiu before, so it was not unexpected for Lei Yunrong to come to visit today.

What made Lei Yunrong a little flattered was that Xiang Zhiqiu actually greeted him at the door.

You must know that although Xiang Zhiqiu is not as famous as later generations, he has now created such a big name in Xiangjiang. Although Taisheng Development's stock price is sluggish, he has a lot of assets and there are not many people in Xiangjiang who are worthy of him going out to greet him.

So Lei Yunrong was surprised when he saw Xiang Zhiqiu at the door, and quickly walked forward and said:

"Ashamed, ashamed, how dare you go out to greet Lao Xiangsheng?"

"Haha, you don't need to pay too much attention to these customs. I am also curious about what the young talents who have stirred up the real estate scene in Hong Kong in the past two years look like."

"Then Xiangsheng can tolerate my body, right?"

"Thunder-born dragon walks like a tiger and has a firm gaze. He looks like me at first glance. He is worthy of being a hero of his generation."

"Xiangsheng, can I say that you are actually very handsome?"

"Hahaha……"

"Not bad, very good. You are much more interesting than your dad."

Lei Yunrong did not answer this sentence. Xiang Zhiqiu and his father's contemporaries are qualified to evaluate Lei Juehua, but Lei Yunrong, as a son, is not qualified.

After saying that, Xiang Zhiqiu also led Lei Yunrong into the house.

Xiang Zhiqiu is only 48 years old this year. He has jet black hair, a tall and tall posture, and speaks loudly. He does not seem to be worried at all because of the company's sluggish stock price.

From the short conversation just now, it can be seen that he is also an informal, funny and even a bit narcissistic person.

Lei Yunrong's purpose of coming here is very clear, and Xiang Zhiqiu should also know it. Judging from his attitude, this should be a positive sign.

But I just don’t know if he is an old fox, hiding his inner thoughts, and showing these is what he wants to see.

Xiangzhiqiu actually didn't have such a deep city. He was really curious about Lei Yunrong, a junior.

During the downturn in real estate, he decisively spent huge sums of money to hunt for bargains. This coincided with his own ideas. Xiang Zhiqiu had always been very optimistic about Xiangjiang real estate.

It's just that I didn't have much funds to carry out operations at that time, so I could only watch helplessly.

Regarding Lei Yunrong's visit this time to acquire his shares in Taisheng Development, Xiang Zhiqiu thought he could make the move after careful consideration, but the price had to satisfy him.

Ever since he came into contact with the stock market in 1972, Xiang Zhiqiu has fallen in love with this kind of investment method.

You must know that in the previous life, Xiang Zhiqiu almost developed Taisheng into a securities company, and the real estate business he started with became a side business.

In 1988, the real estate company stocks he held were worth 1.2 billion, which was 200 million more than the total market value of Taisheng Development.

After more than ten years of development, and with the take-off of Xiangjiang's real estate industry, Taisheng Development has only increased tenfold. It can be seen that Taisheng Development has hardly carried out new real estate development in these ten years, and its focus is entirely on the stock market.

In the end, he also sold Taisheng Development to Peregrine and concentrated on investing.

Xiang Zhiqiu is now more interested in the stock market than in real estate development.

Therefore, as long as the money Lei Yunrong gives meets his inner expectations, then he will sell the stock to him.

When the two sat down in the room, they didn't talk about anything as soon as they got up. They started chatting about all kinds of things.

But Lei Yunrong saw that Xiang Zhiqiu couldn't stop, and he immediately knew that he was waiting for me to speak first.

Lei Yunrong didn't want to continue talking like this, so he said during a break in the topic:

"Xiang Sheng, I came to visit you this time to ask for something?"

"If Lei Sheng needs anything, tell me, and I will help you if I can."

"I'm here to buy the Taisheng Development shares from you. Don't worry, Xiangsheng, the price will definitely satisfy you."

"no problem!"

"Well……"

Lei Yunrong was a little choked by Xiang Zhiqiu's answer and was speechless.

Although he knew that Xiang Zhiqiu had the idea of ​​​​taking action on the development of Taisheng, he did not expect that he would not be so willing to take action against this company that he founded and has been running for fourteen years.

So Lei Yunrong didn't react at once, which made Lei Yunrong a little unsure.

"Xiangsheng, don't you think about it?"

"Since the price you mentioned, Lei Sheng, will satisfy me, I have nothing to hesitate about."

"What price would Xiangsheng be satisfied with?"

"How much money are you prepared to pay for my shares, Lei Sheng?"

No one who can achieve great success is simple. When talking to others, he feels like a bold and funny person, but when doing business, he is still an old fox.

"The current market value of Taisheng Development is around 90 million. I will acquire your shares at a valuation of 100 million."

It is impossible to acquire without paying a premium.

"Lei Sheng has a very good vision. You and I both know that a valuation of 100 million is not enough."

Lei Yunrong couldn't help being startled when he heard this. He looked at Xiang Zhiqiu and found that he was also looking at him with a smile.

It seems that I am not the only smart person!

Because of the downturn in the real estate industry, the stock prices of many companies are also very depressed.

But in fact, the market has begun to pick up, but people's enthusiasm for the stock market has faded, and they even dare not enter the market for fear of being cut off.

Therefore, the market value of many real estate companies is much lower than its actual value.

For example, the market value of foreign banks that hold large amounts of land is much lower than the actual value, which has attracted the covetous attention of the already growing Chinese capital.

Take Taisheng Development as an example. It currently owns a 12-story Rui Hing Building in Central. This is Xiang Zhiqiu's famous work, which is now worth 60 million.

In addition to Rui Hing Building, Tai Shing Development also owns a residential plot of about 20 acres on the waterfront in Tsuen Wan. Even at the current land price, this is worth at least 60 million.

In 1977, Lee Shau Kee's Henderson Land Development spent nearly 200 million to buy this land and built a high-end residential area with a profit of nearly 300 million.

Apart from this land, there are no other major assets, but don’t forget that the company, team and brand are also valuable.

Therefore, Lei Yunrong's price of 100 million is indeed a bit misleading.

However, in front of people who have in-depth research on Xiangjiang real estate, this is a bit unsatisfactory.

Seeing that Xiang Zhiqiu clearly knew the actual value of Taisheng's development, Lei Yunrong was not embarrassed and said directly:

"Xiang Sheng, since you are not satisfied with 100 million, then I will add 20 million."

"Leisheng is indeed sharp in business, but 120 million is not enough. The price is 150 million."

In business, the price is high and the money is paid back. In the back-and-forth bargaining, the differences between the two parties have become very small.

The number of fragrant plant balls dropped to 140 million and they refused to drop any more, and Lei Yunrong refused to drop any more until they reached 135 million.

Lei Yunrong thought about the importance of Taisheng Development to the development of Kowloon and the future housing market in Hong Kong. This price is actually a huge profit.

In order to win it as soon as possible, Lei Yunrong didn't want to keep fighting over the five million, but he couldn't agree too easily.

"Xiangsheng, I can agree to Taisheng Development's valuation of 140 million, but you must agree to two conditions."

"Lei Sheng, please speak first."

"First, I need you to persuade your brother to sell me 7% of Taisheng Development's shares at the same valuation of 140 million."

"no problem!"
To be continued...