69novels Chapter 18 Boss Lei is so frustrated he could vomit blood!
Chapter 18 Boss Lei is so frustrated he could vomit blood!
At least until they have fully digested the lucrative Hutchison Whampoa, the Gu family's foundation in Hong Kong cannot be considered absolutely secure.
Lei Juekun also vented the anger that had been building up inside him. Originally, Kowloon Development had long been eyeing the development projects in Tseung Kwan O and Tiu Keng Leng, believing that although the land was currently desolate and backward, it would inevitably usher in tremendous development in the future.
Who would have thought that the Gu family would suddenly appear and snatch it away? Lei Juekun's frustration was indescribable.
Just three hours later, Su Rongrong neatly arranged all the detailed information about Kowloon Construction on Gu Yuhan's desk.
At that time, Kowloon Development was still a publicly listed company.
Kowloon Development currently has a total market capitalization of HK$210 million. Lei Juekun personally holds 24.3% of the shares. In addition, the information also details the identities, backgrounds and shareholdings of the other major shareholders.
In addition, Kowloon Development has issued a total of 100 million shares, and the share price is currently stable at 2.1 yuan per share.
Gu Yuhan flipped through the documents in his hand, then suddenly smiled and said slowly, "Immediately allocate 100 million yuan in working capital. Starting now, begin a full-scale acquisition of Kowloon Construction's shares. Also, arrange a meeting with these major shareholders; I want to have a serious talk with them personally!"
After a pause, Gu Yuhan continued, "Also, contact Mr. Ma John of HSBC. I want to apply for a loan from HSBC on behalf of Guangming Group!"
Sunshine Group is an enterprise founded by Gu Zhenguo, his father.
Bright Food Group is the territory that truly belongs to me.
However, HSBC had no reason to refuse Gu Yuhan's loan application, after all, the loan was backed by the Sunshine Group and supported by his father, Gu Zhenguo, a business tycoon.
At this stage, Gu Yuhan does indeed need to leverage the enormous commercial influence brought by his father, Gu Zhenguo.
However, if we can get through this year, my father will be able to rely on my fame instead.
By then, when people point at Gu Zhenguo, they will say, "This is Gu Yuhan's father."
……
……
Gu Yuhan has always been known for his swift and decisive actions.
On the one hand, Bright Food Group itself had 200 million yuan in working capital reserves, and on the other hand, HSBC readily approved a loan of 150 million yuan.
With the capital he possessed, he could acquire the entire Kowloon Development Company in one fell swoop.
If it weren't for the fact that he would continue to increase his holdings in oil futures, Gu Yuhan wouldn't have bothered asking HSBC for a loan.
After publicly berating Gu Yuhan, Lei Juekun was naturally in a very good mood.
It's only right to give a little slap on the wrist to a child who's still wet behind the ears.
For the next few days, Lei Juekun enjoyed himself immensely. Meanwhile, he was still spending large sums of money acquiring cinema chains of all sizes. He had long predicted that Hong Kong's film industry would experience an unprecedented explosive growth in the future.
His goal was clear: to create a cinema giant that could stand shoulder to shoulder with Golden Harvest and Shaw Brothers.
Once you control the cinema distribution channels, film companies will naturally come knocking on your door seeking cooperation.
Just as Lei Juekun was making his plans, his secretary suddenly rushed into his office, anxiously saying, "Mr. Lei, we just received urgent news: someone is aggressively acquiring shares of Kowloon Construction on the stock market!"
"What?" Lei Juekun jumped up from his chair, asking rapidly, "Someone's buying it up? Yes, who did it?"
"Yes, Guangming Group!" the secretary quickly replied, "The one who made the move was Gu Yuhan!"
"It's actually Gu Yuhan?" Lei Juekun froze on the spot, then said in shock, "How could it be Gu Yuhan? He's actually going to acquire Kowloon Construction? This is an absolute joke! Where did he get so much money?"
The secretary frowned and quickly said, "I'm not clear on the specifics yet, but Kowloon Development's stock price has skyrocketed from two dollars and ten cents to three dollars!"
"It's gone up to three yuan?" Lei Juekun gasped, a strong sense of foreboding rising in his heart. "Have you contacted those major shareholders? Have they sold their shares?"
"Well..." The secretary hesitated for a moment before slowly saying, "I haven't had a chance to contact them yet!"
"Contact them immediately!" Lei Juekun shouted sharply. At this moment, he finally felt an unprecedented sense of panic.
Gu Yuhan, that little brat, actually dared to make a move against Kowloon Construction?
How could he dare to make such a crazy decision?
Isn't Gu Zhenguo currently focusing all his efforts on completely taking over Hutchison Whampoa?
How could he possibly have extra funds to acquire Kowloon Development?
In Gu Yuhan's view, this was a golden opportunity to acquire Kowloon Construction, because Lei Juekun was focusing all his energy on acquiring cinema chains and building his own Golden Princess Cinemas.
What is needed for this?
This requires a lot of cash!
Lei Juekun poured all his working capital into the acquisition of cinema chains, so where would he find the money to formulate anti-takeover measures?
Logically speaking, under normal circumstances, no capital would specifically target Lei Juekun. After all, everyone has their own business to do, and it's not worth disrupting their business plans for a small company like Kowloon Construction.
After all, acquisitions require real money to be invested.
However, Lei Juekun's actions completely offended Gu Yuhan.
They kept calling him "little brat."
What's even more outrageous is that the media also joined in the commotion, labeling Gu Yuhan with the insulting term "little brat."
How could Gu Yuhan possibly swallow this insult?
If he really swallows his anger, how will the media evaluate him?
Bright Food Group
In Gu Yuhan's office, Su Rongrong quickly walked up to him and reported, "Boss, this is the latest progress report. We now hold 15% of Kowloon Development's shares. In addition, Lei Juekun has initiated anti-takeover measures and has begun to aggressively buy up Kowloon Development's shares on the stock market!"
"Pass the word down!"
Gu Yuhan said calmly, "Raise the acquisition price to five yuan per share. The acquisition period ends when our shareholding exceeds 51%. Once that percentage is reached, immediately cease all acquisition operations!"
Su Rongrong immediately nodded and replied, "Understood!"
Immediately afterwards, Cheng Hong, General Manager of Bright Food Group, held a press conference and accepted interviews from the media.
Cheng Hong graduated from university four years ago and had worked on Wall Street for several years before returning to China. He first worked at Hutchison Whampoa and was later noticed by Gu Yuhan, who transferred him directly to Bright Food Group.
After in-depth communication and evaluation, Gu Yuhan recognized his abilities and directly promoted him to general manager of Guangming Group.
Facing reporters' questions, Cheng Hong appeared calm and composed. After officially announcing the acquisition plan for Guangming Group, a reporter couldn't help but ask, "Mr. Cheng Hong, is this acquisition an act of retaliation against Mr. Lei Juekun?"
"That's right!"
Cheng Hong nodded, his tone calm yet carrying an undeniable authority, and said, "This is a retaliatory business action. Mr. Gu is the chairman and founder of our Guangming Group, yet he was publicly insulted by Mr. Lei Juekun as a 'little brat.' This insulting term is a disgrace to our entire Guangming Group!"
"We're here for revenge! We're here to show Mr. Lei Juekun what the power of a 'little brat' really is!"
The reporters present were all stunned!
This young man is too direct; he actually admitted it so readily.
However, upon closer examination, it makes sense. Gu Yuhan holds 200 million yuan in capital. It's one thing if the cooperation couldn't be reached before, but if you publicly insult others as a brat, then don't blame them for turning around and dealing with you.
The Gu family clearly has the power to retaliate against you, so why should you swallow your anger?
After seeing the newspaper report, Lei Juekun was so angry that he almost vomited blood on the spot.
"What on earth is going on?" Lei Juekun still couldn't believe that this was Gu Yuhan's revenge against him.
I just called you a little brat, and you actually got angry?
Later, in an interview with reporters, Lei Juekun, suppressing his anger, sneered and said, "I really don't understand, acquiring Kowloon Construction for almost double the price, what is this if not childish nonsense?"
"Gu Yuhan is not only an immature brat, but also a complete spendthrift. I refuse to believe that Mr. Gu Zhenguo would tolerate such recklessness!"
At this point, Lei Juekun's eyes were already bloodshot.
He had invested almost all of his liquid funds in the establishment of the Golden Princess Cinema Line, and he simply didn't have enough cash to launch a counter-takeover, not to mention that that bastard Gu Yuhan had offered double the takeover price.
At a sky-high price of five yuan per share, Lei Juekun simply couldn't keep up.
Gu Yuhan has strong financial backing, while Lei Juekun's funds are already stretched thin. More importantly, Gu Yuhan has adopted a determined attitude, clearly aiming to take over Kowloon Construction.
Who would dare lend money to Lei Juekun at this time? Aren't they afraid of losing everything?
Of course, Lei Juekun could also apply for a bank loan, but he was also well aware that once Gu Yuhan's acquisition was successful, Kowloon Construction's stock price would inevitably plummet instantly. At that time, not only would the anti-takeover attempt fail, but he would also have to bear huge debts, which would be a loss.
Now, Lei Juekun's only recourse is to speak out through the media.
They hoped that the media could put pressure on Gu Yuhan, or that Gu Zhenguo could step in at this time to stop his prodigal son's absurd behavior.
Immediately afterwards, the reporters swarmed around Gu Zhenguo like sharks smelling blood, pressing him for his opinion on the matter.
"Opinion? What opinion could I possibly have? I just gave my son a few hundred million to play around with!" Gu Zhenguo said slowly and deliberately. "It's just kids playing around. So what if he loses all the money?"
Gu Zhenguo shrugged and said casually, "It's just a child's game!"
When Lei Juekun saw this report, he felt a sharp pain in his chest and couldn't help but spit out a mouthful of blood.
Gu Zhenguo's attitude has been made crystal clear.
Lei Juekun, you don't have the weight to talk to me on equal footing.
My son can handle you on his own.
There's no other reason than that I'm richer than you.
My family's wealth is far greater than yours. Moreover, Gu Zhen is currently focused on pushing forward the acquisition of Hutchison Whampoa, and he doesn't care about these trivial noises from the outside world.
When exactly did Lei Juekun start to think he could be on par with Gu Zhenguo?
This is a complete and utter illusion.
Su Rongrong is becoming more and more adept at her job as a secretary.
Following Gu Yuhan, her horizons and experience have been broadened like never before. This is a valuable experience that she could never learn even if she spent many years in school. She is also quickly adjusting her own position.
Figure out Gu Yuhan's preferences and understand his needs.
Aside from that, I dedicate myself entirely to my work.
She had to grasp Gu Yuhan's various needs in her career as soon as possible. She even had a thought: she could skip university and learn the courses on her own, but she had to stay close to Gu Yuhan and do her job as an assistant to the best of her ability.
Lei Juekun was on the verge of collapse and was filled with regret. He should never have provoked Gu Yuhan. He was just a young boy.
Who could have predicted that this kid's desire for revenge would be so strong?
Now that things have come to this, Lei Juekun has no choice but to consider selling off all of his cinema chains. He originally had high hopes of entering the film industry and making a name for himself, but now that his base is about to be taken over, Lei Juekun has no interest in doing anything in the film industry.
Jiahe Headquarters
"Mr. Lei, it's not that we don't want to take over the cinema chain you're in, it's just that we don't have enough funds on hand!" Zou Wenhuai looked at Lei Juekun, who looked haggard, and couldn't help but feel secretly pleased.
Lei Juekun's sudden entry into the film market did indeed give Zou Wenhuai a jolt.
At present, the Hong Kong film market is basically dominated by Golden Harvest and Shaw Brothers. Naturally, Chow Wen-huai did not want another strong competitor. Originally, he had no way to stop it. Unexpectedly, at this critical juncture, Gu Yu-han actually intervened.
They actually forced Lei Juekun to the point of having to sell the Golden Princess Cinemas.
Lei Juekun spent at least 40 million yuan to build up the Golden Princess Cinema chain. If he could take it over at a low price, he could at least gain an overwhelming advantage in the cinema distribution channel, if not make a fortune.
"Mr. Zou, thirty million!" Lei Juekun gritted his teeth and said, enunciating each word clearly, "For just thirty million, I'll sell it to you immediately!"
"Only thirty million?" Zou Wenhuai was slightly taken aback, and a thought immediately crossed his mind. However, after a moment's consideration, he felt he could negotiate a further reduction, and immediately said, "To be honest, my current situation is this: I can only come up with a maximum of twenty-five million!"
"What?" Lei Juekun froze completely. "Twenty-five million?"