John was born in 19 19, and lived in Shanghai two years ago. 1940 received a master's degree in literature from Cambridge University, served in the Royal Artillery during World War II, and 1946 joined Wheelock London Branch. After he returned to Hong Kong, he greatly strengthened his investment in Hong Kong and entered the real estate and retail department stores business through acquisition. British department store Lane Crawford is also a subsidiary of 1968. 197 1 year, Huidefeng acquired Federal Real Estate Co., Ltd., a subsidiary of Chinese businessman Zhang Yuliang, by issuing new shares (accounting for about 30% of the enlarged share capital), making the group own two high-grade commercial buildings, namely, Central International Building and Federal Building. After the transaction was completed, the Madden family's equity was diluted, and Zhang Yuliang became the major shareholder, but john madden remained the chairman of Huidefeng. 1972. From 65438 to 0970, Huidefeng has become one of the major real estate developers in Hong Kong. However, although Huidefeng has 200 subsidiaries and many businesses, its flagship business is still shipping. 1967, when the Middle East war broke out, Egypt announced the blockade of the Suez Canal, which forced the extension of shipping routes between Europe and Asia and greatly increased the demand for oil tankers. 1972, Huidefeng decided to reorganize its listed company Iron and Steel Industry Co., Ltd. into Huidefeng Shipping International Co., Ltd., which is responsible for the development of shipping. 1974 joined hands with Bao Yugang, the world's shipping king, to form a company, accounting for 565438+. However, during the same period, when the oil crisis broke out and the Suez Canal was reopened, the recurrent surplus of Huidefeng reached HK$1800,000 in 1973, dropped to 69 million in 1974, and fell to 29 million in the following year.
At this point, John, chairman of Huidefeng. Madden has been unhappy, and arranged Jardine Matheson to offer to buy Huidefeng on June 5438+0976 and June 5438+1October 2 1, which caused a sensation in the market. If the merger is successful, Jardine Matheson will surpass HSBC in strength. 1976 Hutchison International, which was heavily invested by HSBC, immediately announced its involvement in the acquisition war of 10/October 26th, during which it was rumored that many British and Chinese companies were interested in acquisition. Finally, in 65438+February of the same year, Huidefeng, Jardine Matheson and Land decided that if the transaction agreement could not be reached within 10 days, the acquisition plan would be cancelled, and the acquisition war was finally difficult to produce under the competition of many companies.
However, in 1976, Hong Kong's economy recovered, the real estate market flourished again, and Huidefeng's real estate business was expanded. 1977 cooperated with HEC to develop Fuze Garden Phase I in North Point and build industrial buildings in Tsuen Wan and San Po Kong, which greatly increased the value of the Group's assets. Nevertheless, when Huidefeng developed real estate at that time, he would rather revalue the land as capital allocation, and then cooperate with other powerful developers to share the profits. Among them, 1980, Federal Real Estate under Huidefeng and Changjiang Industry under Li Ka-shing formed Zhuojian Investment Co., Ltd., each holding 50%; Zhuo Jianxian bought the Federal Building and the International Building owned by Huidefeng for 654.38 billion yuan, and received 500 million yuan in cash first. Then Li Ka-shing and Zhuo Jian sold the two buildings for 2.235 billion yuan, and then Hui Defeng cashed in 65.438+065.438+0 billion yuan. After deducting the 500 million yuan originally paid to Hui Defeng, Li Ka-shing also got 65.438+0.10 billion yuan. Huidefeng lacks confidence in the future of Hong Kong, and its business practices are too conservative, which ultimately makes its profits far behind those of developers such as Cheung Kong and Sun Hung Kai. Zhang Yuliang, a descendant of Zhang Zhushan, a Chinese businessman, and Madden, a Jewish family, are the two major shareholders of Huidefeng. After years of arguments, the two families have become estranged. Because they are pessimistic about the future of Hong Kong, both of them intend to withdraw their shares.
On the afternoon of February 1985, Huidefeng suddenly suspended trading, announcing that Deba Qiu, a wealthy Singaporean businessman, had bought 13.5% of the voting shares from the Madden family. At the same time, he proposed a comprehensive acquisition proposal of $6 for A shares and $0.6 for B shares (the face value of A shares is five times that of B shares, but the voting rights are the same). Zhang Yuliang thought that he had been sold out by Ma, so he transferred his equity to Bao Yugang, demanding full control of Huidefeng and forbidding his opponent to make a counter-takeover. On February 16, Wharf, a subsidiary of Bao Yugang, announced the comprehensive acquisition of Huidefeng at the price of 0.66 yuan per share of 6.6 yuan and B shares, and claimed to directly or indirectly hold 34% of the shares with voting rights. On February 65438, 2009, Deba Qiu raised the purchase price of A shares to USD 7 and B shares to USD 0.7. As the joint venture company holds 6.8% equity of Huidefeng, on February 25th, Bao Yugang announced that it would buy the joint venture company at the price of 1 1 USD per share, and on February 26th, it announced that it would raise the purchase price to $7.5 for A shares and $0.75 for B shares. On March 65438, 2005, Bao Yugang had already held 50% equity of Huidefeng. On the same day, Deba Qiu announced its acceptance of Bao Yugang's offer. With Bao Yugang winning Huidefeng and its seven listed companies, it has become one of the consortia with the largest number of listed companies. Finally, in June of the same year, Bao Yugang privatized Huidefeng, and through the reorganization of assets in the department, Longfeng International became the holding company in the department. Until 1993, Longfeng International changed its name to Huidefeng, and became a constituent stock of Hang Seng Index again on June 24th 165438+, but from June 6th, 2005, it was excluded from the list of constituent stocks of Hang Seng Index again.