On the afternoon of August 10, Li Guangyu received Du Yuemei’s information about the Lee Group’s establishment of an airline and its discussions with Thatcher, and asked Li Guangyu whether he agreed to the conditions proposed by Thatcher.
Li Guangyu did not expect that Thatcher would really put forward conditions. Such an industry would be neither good nor bad for the Li Group. However, Li Guangyu had not planned to get involved in it now. Now he does not have sufficient funds.
, investing in this is quite expensive.
This time Mrs. Thatcher really dared to take action. She directly took out British Telecom and planned to sell 50% of the shares and run it privately. She asked the Lee Group if they were willing to enter the British telecommunications industry.
Li Guangyu currently owns a telephone group in Hong Kong. This is probably one of the factors why Thatcher put forward such conditions. As for several other industries, Li Guangyu does not have so much financial resources to invest in it. Whether it is British Petroleum Company
Neither the British Mining Group nor the British Steel Group can go there with his current funds.
If Li Guangyu wants to enter, he wants to hold a controlling stake. Without controlling rights, he is not very interested in these companies. In this way, he might as well invest money in the Internet companies he is familiar with. He does not know which energy companies will become famous later.
To this end, Li Guangyu specially convened a high-level meeting of the Li Group to discuss whether he needed to get involved in British Telecom and whether this would be beneficial to the development of the Li Group.
As the president of Xiangjiang Telephone Group, Qin Yu said: Li Sheng, the British Telecom Group has just become independent from the Royal Mail Group. It still has strong strength in the British telecom market. If we can control the absolute controlling stake, I will
I think the future profits will be quite good.
However, some senior executives did not agree with this this time. They also had their own small calculations. The amount of money the Li Group earned this time was only so much. So much money has been allocated now. If they acquire England again,
As for the telecommunications companies over there, other groups will not be able to allocate funds for rapid expansion.
After listening to the opinions of senior management for a while, Li Guangyu said: Don't just object, I know what some of you think, but I have no intention of investing the funds in my hand into our existing group. At present,
The finances of all major groups are sufficient. What you should consider is to stabilize the development of the group, rather than thinking about me injecting funds into you and you to expand blindly.
Those vice presidents who had just argued against the acquisition of the telecommunications company stopped talking after hearing this. Li Guangyu clearly told them that they would not inject capital into the group, and they would not get any benefits even if they objected.
On the other hand, the presidents of major groups are very calm. They know that Li Guangyu still has ideas about acquiring British Telecom Group. Otherwise, they would directly reject it, and there would be no need to convene a high-level meeting for discussion.
Li Xuemei said: Li Sheng, we don’t know the specific situation in England. I wonder what Ms. Du Yuemei’s opinion is?
Li Guangyu said: Ms. Du Yuemei believes that if our funds allow, we can consider acquiring this group. As a public service enterprise, there is generally no possibility of losing money. It is just a question of how much profit we make. Once we win the British telecommunications company
shares, our influence in England will be much greater than it is now.
After hearing this, these senior officials considered that if they did not agree to acquire the shares of British Telecom, then they would not be able to obtain government approval if they wanted to establish an airline, so they proposed to negotiate with the British government and send Qin Yu to lead the company.
Personnel from the Telephone Group went to inspect the British Telecom Group to understand its actual situation.
They can guess that the British Telecom Group must be in the red, otherwise how could the British government take it out and hope that the Li Group will take over. If it develops normally, such a company will not be able to turn to their Li Group. The British government is not a charity.
. Only if this group is a drag on the British government will they allow the Lee Group to establish an airline on this condition.
Li Guangyu said: Mr. Qin Yu, this time you will dispatch some professional talents from the group to learn more about the situation of British Telecom Group. Ms. Du Yuemei will cooperate with your work. After your investigation is clear, we will decide whether to
Acquired shares in British Telecom Group.
Qin Yu immediately replied: Li Sheng, after we investigate clearly, we will report to you in detail for your decision-making.
Qin Yu himself hopes that the Li Group can successfully acquire the British Telecom Group. Once successful, he himself is the most promising person to take over the British Telecom Group. The assets of the British Telecom Group are as high as more than 20 billion Hong Kong dollars, and he himself
Calculated by the current market value of Hong Kong Telephone Group, it only has a little over 2 billion Hong Kong dollars left. The current stock market decline is really quite severe.
Naturally, he hopes to be in charge of a company with a market value of tens of billions of Hong Kong dollars. Maybe in the future, after Li Sheng completely controls the British Telecom Group, he will merge his telecom groups. In that case, his power and status within the Li Group will be even greater.
Much higher.
Li Guangyu then said to Liu Tianci and Zhou Liang Shuyi: Don't stop reporting on Cathay Pacific. Once our group airline is successfully established, we will be a direct opponent. Our goal is to squeeze Cathay Pacific out of Hong Kong.
Li's media group is quite powerful. In the past two days, some scandals about Cathay Pacific Airways have been continuously reported, which has had a great impact on the reputation of Cathay Pacific Airways.
After Li Guangyu informed Du Yuemei of the results of the discussion, Du Yuemei came to the Prime Minister's Office again and discussed with Mrs. Thatcher.
Du Yuemei said: Your Excellency Prime Minister, we Li Sheng have discussed some of the opinions you raised yesterday. In terms of petroleum, steel and minerals, our Li Group is currently insufficient in strength. We have no plans to get involved in these industries. Li Sheng has arranged for Xiangjiang Electric Lighting
The president of the group came to visit British Telecom Group and hopes to reach cooperation with you in this regard.
Thatcher didn't believe that the Lee Group's financial resources would be tight. She probably didn't want to borrow money from the Lee Group. According to the information she received, the Lee Group's loans were very small and its debt ratio was extremely low. Based on the current assets of the major groups of the Lee Group
, it is easy to get a loan of five to six billion US dollars.
However, as long as the Li Group can choose an industry to enter, it is enough. As long as the reform of this industry has achieved good development, it will have enough confidence to reform other industries.
Thatcher said: We very much welcome the arrival of your group’s inspectors. I will instruct the telecommunications group to do a good job of hosting your inspections and let you know a real telecommunications group.
Du Yuemei said: Your Excellency, Prime Minister, I don’t know when the Hong Kong government will approve the establishment of an airline by our Li Group.
Thatcher said: This matter still needs some discussion. I think it will take about a month, and there will definitely be a result by then.
Du Yuemei was a little speechless. What kind of argument? She was not waiting for her side to decide whether to invest in British Telecom Group.