After the Lee Group made profits in the stock market, there were successive obstacles in all aspects, causing the legend of the Lee Group to fade away quietly in the past few years. Many citizens felt that the Lee Group would no longer be prosperous. Perhaps this would be the peak of the Lee Group.
The beginning of the trough.
The global financial crisis and the introduction of protective policies in various countries have caused some of Li's companies to face severe challenges, among which Bentley Group is the most serious.
The Lee Group was quite unlucky both in Hong Kong and in England. It was faced with the combination of the British consortium and the Singaporean consortium. It suffered successive losses in Swire Holdings and Heung Kong Electric Group, and its acquisition of the telecommunications group in England was blocked, and its plan was blocked.
The establishment of an airline is still only a plan.
Although the employees within the Li Group are full of confidence in the group, they believe that the group will definitely develop better and better under the leadership of Li Guangyu. However, they still hope that the group can deal with the British consortium and the Singapore consortium in some matters.
Fight back and slap those who badmouth the Li Group in the face.
Perhaps God sensed the wishes of the people within the Li family. On the evening of the 28th, Li Guangyu received a call from Du Yuemei. Du Yuemei reported to him in detail the situation of today's meeting with Thatcher.
Du Yuemei has been waiting for Thatcher's reply since she left the Prime Minister's Office. She still hopes that the airline's application will not be approved this time, otherwise the Lee Group will definitely encounter greater setbacks in establishing an airline in the future.
When it was almost time for dinner, Du Yuemei finally waited for Thatcher's call. The good news was that Thatcher did not reject the Lee Group's proposal to form an airline, but instead invited her to the Prime Minister's Office at nine o'clock tomorrow morning for detailed discussions.
Du Yuemei knew that the Li Group's plan to form an airline company was probably not going to be a big problem. We just had to wait and see what conditions Thatcher would propose tomorrow. Du Yuemei would not give in to the interests easily this time.
In Thatcher's office, Du Yuemei said: Your Excellency, Prime Minister, I am glad to have you meet me this time. Do you have any good news to tell me today?
Thatcher looked at the confident business elite in front of her and realized that some of her ideas could not be completed.
Thatcher said: Ms. Du, I do have good news to tell you this time. Regarding the price of US$3.2 billion you gave for the market value of the telecommunications group, after discussion with the top management of our telecommunications group, we agreed to your Li Group’s price of US$1.6 billion.
Purchased 50% of shares in Telecom Group.
Du Yuemei no longer wanted to accept such a high price. She knew that the local British consortium was unwilling to take over at such a price, so Thatcher thought of selling it to herself.
Du Yuemei said: Your Excellency, Prime Minister, I am very sorry, because the price we quoted before was rejected by the top management of the Telecom Group. After I reported to Li Sheng, our group temporarily stopped acquiring the Telecom Group, and the funds for the acquisition of the Telecom Group were also used
There is nowhere else to go, so we can only do nothing. Aren’t your domestic consortiums also competing this time? I think they will take over soon after we withdraw.
Thatcher was a little unsure whether Du Yuemei and the Li Group were really planning to give up. As for the financial problems of the Li Group, she was not worried about it at all. With so many companies under the Li Group, only the Xingyue Group
It has debts of US$400 million, which is due to the joint venture relationship. If Li Guangyu was short of money, it would be very easy to borrow US$5 to six billion.
Thatcher said: Ms. Du, our British government sincerely invites you to invest and start businesses in our homeland. Our British market is huge, and the telecommunications group is definitely a very high-quality industry. I hope you can give it more consideration.
Du Yuemei said: Your Excellency, Prime Minister, it is not that our Li Group does not invest in you, England, but some of your policies and behaviors make our Li Group very uneasy. For example, this time with the Telecom Group, why did we bid first, and the other party’s price was higher than ours?
At the same time, the top executives of the telecommunications group refused to transfer their shares to us. This was a different treatment for us investors. We, the Li Group, did not dare to invest in such a company.
Thatcher knew that although Du Yuemei was only talking about the telecommunications group, he also meant the airlines. The reason why the Lee Group was considering acquiring the telecommunications group was to inform the Hong Kong government to approve the Lee Group's application for establishing an airline.
.There is an obvious difference in treatment. Why can the British-funded consortium be formed, but the Li Group is blocked.
Thatcher said: Ms. Du, we all know some of the situation, so don’t pretend to be confused. If I approve your establishment of an airline, will your group be willing to take the shares of the telecommunications group?
Du Yuemei does not intend to take over the British Telecom Company at such a high price now. She is not willing to waste the Li Group's funds and let the British government take advantage of it.
Du Yuemei said: Your Excellency Prime Minister, if your government does not treat you differently and can approve the establishment of our airline, I think our Li Group is still very optimistic about the British market. As for the issue of acquiring shares in the telecommunications group, I need to ask Li Sheng for instructions again.
, this still needs Li Sheng to decide, and we definitely need to renegotiate the purchase price.
Thatcher immediately said: Ms. Du, haven't you already given a valuation of 3.2 billion for the acquisition? I think the price is still very appropriate, so there is no need to negotiate further in this regard.
Thatcher really felt like he had shot himself in the foot this time. At that time, he wanted to ask the Lee Group to spend as much money as possible to acquire it. Unexpectedly, it has become such a situation now. If the price is renegotiated, it will definitely be
There will never be such a high acquisition price again.
Du Yuemei said: Your Excellency Prime Minister, I think you know very well how this price came about. Since the telecommunications group has rejected our acquisition at this price, our Li Group will naturally not negotiate at this price again. Of course, if there are other
The Li Group has no objection to the group taking over. Nowadays, we don’t care about the problems of the Telecom Group. I have spent a lot of time in London. There are still many things that I need to deal with at the Bentley Group. I also want to leave and return to Coventry as soon as possible.
hang down.
Thatcher said: Ms. Du, please tell Mr. Li Guangyu that the Li Group's application to the Hong Kong government for the establishment of an airline will be approved by the Hong Kong government within next week. At the same time, please ask him to consider our telecommunications group again.
As for the purchase price, you can communicate with the telecommunications group again. This time I will issue an order to ensure fairness for all companies participating in the competition.
Du Yuemei smiled and said: Your Excellency, Prime Minister. Thank you so much. I believe that our Li Sheng will be very happy to receive such news. As for the acquisition of the telecommunications group, I will also ask Li Sheng for his opinion and will also recommend Li Sheng to invest.
Telecommunications Group.
After Li Guangyu listened to Du Yuemei's report again, he told her: This is really good news for our group. During this period, our Li Group has been hit by many obstacles one after another. This can finally give us a boost.
The morale of the group, regarding the telecommunications group, you continue to negotiate, and when there is a result, I will transfer the funds to you.