Talk about a deal for long enough, and it will materialize.

談論交易的時間足夠長，它將實現。

Story.

故事。

Asian Trading house Jardine Matheson is buying out its sister company, Jardine Strategic, for $5.5 billion.

亞洲貿易公司Jardine Matheson將以55億美元收購其姐妹公司Jardine Strategic。

This is something that bankers and shareholders have speculated could happen.

這是銀行家和股東們猜測可能發生的事情。

For decades.

幾十年來。

The two have acted as dual holding companies for the Hong Kong based Jardines empire, which includes Mandarin Oriental hotels, vast property portfolio and retail chains across Asia, among other units.

怡和集團是以香港為基地的怡和帝國的雙重控股公司，其中包括文華東方酒店、龐大的物業組合和遍佈亞洲的零售連鎖店等組織、部門。

Buying out strategic leaves a simpler structure with just Jardine Matheson sitting on top of the group.

買斷戰略，讓結構更簡單，只有怡和集團的馬西森坐在上面。

It also caught strategic at a lowest point.

它也在最低點抓住了策略性。

It had rallied from its March 2020 Nadiya trading at six times forecast earnings to 11 times, but that's still below average.

它曾從2020年3月納迪雅交易的6倍預測收益反彈至11倍，但這仍低於平均水平。

The structure was designed in the 19 eighties to protect the Kazaks Jardines controlling family from raids by fellow Hong Kong tycoons on their holdings.

這座建築設計於1980年代，目的是為了保護卡扎克-怡和家族的控制權，防止香港富豪對其持有的資產進行突襲。

It worked, but it created inefficiencies.

這種做法很有效，但卻造成了效率低下。

Removing the second holding company will lift earnings only slightly, but will boost earnings per share by far more.

去掉第二家控股公司，只能略微提升盈利，但對每股收益的提升卻遠大於此。

One strategic holding in Jardine Matheson has been canceled.

怡和集團的一項戰略控股已被取消。

The announcement was momentous, given the years of chatter, but nothing really changes in Jardines operations or holdings as typical of the company.

鑑於多年來的喋喋不休，這份公告意義重大，但作為公司的典型，怡和的經營和控股情況並沒有什麼真正的變化。

It's worth $47 billion but very much drives to keep a low profile.

它的價值是470億美元，但很開低調。

Hong Kong's many speculators and gossips will just have to find another target.

香港的眾多投機者和小道消息，只能另尋目標了。