Faced with some problems that the Swire Group created for himself in England, Li Guangyu did not sit still and asked Du Yuemei to continue to contact Mrs. Thatcher and try his best to obtain permission to establish an airline.
At the same time in Hong Kong, Li Guangyu also started his own arrangements. This time Li Guangyu will launch a sniper attack on the Swire Group in the stock market. Cathay Pacific Airways is not listed, so he has no choice. However, there are still many companies under the Swire Group.
It is listed in Xiangjiang.
Among them is Swire Holdings, currently the main company in Xiangjiang, which is also the core enterprise of the Swire Group in Xiangjiang. They represent the Swire Group in Xiangjiang.
The British Swire Group holds 39.16% of the shares in this company, which gives Li Guangyu a huge opportunity, and 70% of Cathay Pacific's shares are in Swire Holdings.
In order to control Swire Pacific with a small amount of capital, the Swire Group issued AB shares in 1959 and 1973 respectively. Shareholders of both stocks had voting rights for Swire Holdings, but only those holding B shares had five shares.
Equivalent to one voting right of an A-share, this is how the Swire Group maintains its controlling position in Swire Holdings.
Today, Swire Holdings' businesses include Swire Properties, Cathay Pacific Airways, aircraft maintenance, and warehousing trade. Thanks to the collapse of the stock market, the company's market value has dropped by 10 billion Hong Kong dollars. It is currently listed on the Hong Kong stock market.
The combined market capitalization of all shares is only over HK$8 billion.
You must know that before July, the market value of the two stocks was close to tens of billions of Hong Kong dollars, and a big factor was the pull they received from Cathay Pacific.
After Li Guangyu came to Tianyu Investment Company, he discussed the acquisition of Taikoo Co., Ltd. with Guo Fengtao and Sun Jianping.
Sun Jianping said: "Li Sheng, it is difficult for us to control Swire Holdings, especially in terms of voting rights. Although Swire Group only holds 39.16% of the total shares in the two stocks, most of their shares are concentrated.
Being in A-shares, this results in their voting rights being much higher than the actual shares. According to the information disclosed, their voting rights should exceed 50%. Even if we have more shares than them by then, but in
The voting rights are still lost to them.”
After hearing this, Li Guangyu felt that it was really difficult to handle. A company issued two stocks with different voting rights, which was really hard for him to swallow. As a result, even if he controlled the shares, he would not be able to control the shares.
There isn't much that can be done about voting rights, so acquiring them like this doesn't make much sense.
However, Li Guangyu has no intention of giving up his attack on the Swire Group in the stock market. Even if he cannot acquire it, he still wants to scare the Sivaiya family, otherwise they will always cause trouble for him in London.
Li Guangyu said: "Feng Tao, you can start buying two stocks of Swire Group in the stock market right now, focusing on the A-shares. Once Swire Group makes a move, give me a high-profile acquisition. Now your account
The funds on the Internet are enough to take over Swire Holdings."
Guo Fengtao naturally has no objection. Except for the funds allocated to several companies in the last stock market, the other funds are all in his own company's account. Some of them are used for the investment department's operations in the stock market, and most of the other funds are used by Li Guangyu.
None of them have been transferred. At present, their company still has more than 18 billion Hong Kong dollars in funds, and there is no problem even if it fully acquires Swire Holdings.
Guo Fengtao said: "Li Sheng, we will start to absorb the shares of Swire Holdings as soon as the stock market opens tomorrow, and strive to acquire more circulating shares on the stock market before the Swire Group reacts. At the same time, we will send people to contact some people in Swire Holdings.
Small shareholders, at this time, I think they are happy to sell their shares."
Li Guangyu did not interfere in the specific operation of the stock market. Guo Fengtao and others were much more professional than him in this regard. Even if Li Guangyu could not control Taikoo Co., Ltd. this time, he still wanted to control some shares.
The future development of Swire Pacific cannot be underestimated, especially its subsidiary Cathay Pacific. If Li Guangyu fails to establish his own airline in the UK, Cathay Pacific will still become the giant of Xiangjiang Airlines as it did in its previous life.
exist.
Li Guangyu then said to Guo Fengtao: "Check the Xiangjiang Dairy Company under the Jardine Matheson Group and see if we have a chance to eat them. The Xiangjiang Electric Group now has absolute controlling rights. It is difficult for us to do it. Look at this
company’s situation.”
Guo Fengtao did not expect that Li Guangyu would directly attack the two major British consortiums this time. It was not enough for Swire, and he would also go to the Jardine Group for trouble. It seemed that Li Sheng was indeed angered by the British affairs this time.
Guo Fengtao said: "Li Sheng, now Milk International Company is a wholly-owned subsidiary of Jardine Matheson Land Group. If we want to acquire them, we must first control Jardine Matheson Land Group. Nowadays, this real estate group under Jardine Matheson Group is affected by the stock market.
Impact, the market value is less than HK$5 billion, do we need to snipe at them?"
Li Guangyu thought for a while, and finally did not agree with Guo Fengtao's opinion. The real estate group will plummet next year, and after Newbikin's failure in Wharf, Jardine Holdings and Jardine Land will hold shares in each other to ensure Jardine's control.
Li Guangyu really doesn't like the holdings of various groups.
If the Swire Group hadn't owned Cathay Pacific and caused trouble for himself in London, Li Guangyu wouldn't have thought about taking over his Swire Holdings. Apart from Cathay Pacific, Li Guangyu didn't like his company.
In other industries, although there is Swire Beverage Company, Li Guangyu doesn't care much about it.
Li Guangyu said: "Then don't worry about the Jardine Group. You should put all your energy on the Swire Group. I don't believe that the Shuaiya family can remain indifferent to our actions in the stock market. The shares they hold now are not
Insurance, even if he has enough voting rights, he will worry that we will be able to find ways to respond in the future."
Sun Jianping himself was actually a little puzzled. Nowadays, Li Guangyu, the three major foreign banks owned by the British consortium, was targeting Jardine Matheson and Swire. Why did he turn a blind eye to Wheelock? Speaking of which, Wheelock was the weakest of the three foreign banks.
It is also the easiest one for them to acquire.
However, Sun Jianping was very wise and did not ask more questions like this. These matters were considered by Li Guangyu and the group's senior management. In his current position, he was not qualified to dictate the development of the group.
Now it is just a matter of following Li Sheng's request. At that time, Li Ka-shing's acquisition of Hutchison Whampoa was a sensation. This time, if he can eat up Swire Holdings in the stock market and win the Swire Group's flagship in Hong Kong, this pair
Its benefits are considerable.
Sun Jianping also hopes that he can develop towards a higher platform. As long as he can do a good job this time, it will gain more weight in Li Sheng's mind and he will be promoted quickly.
In the past, the manager of the investment department was the deputy general manager of the company, on the same level as the vice president of the Li Group. Now after the establishment of the group, this position has been demoted several levels. Now he is completely a middle-level manager of the group. In the Li Group
Even the middle management of the group cannot get into it, so he will not let this opportunity pass him by.