On the 7th, Li Guangyu received Du Yuemei's report on discussions with Thatcher. Li Guangyu agreed with Du Yuemei's opinion on the acquisition of Telecom Group at market price.
At the same time, Li Guangyu asked the finance side to transfer 1.5 billion US dollars of funds to Du Yuemei for the acquisition of the telecommunications group and subsequent operations.
After this transfer, Li Guangyu's profits and principal of more than 10 billion in the stock market were only left with more than 1 billion Hong Kong dollars, and he spent more than 42 billion Hong Kong dollars in just one month.
However, Li Guangyu is not worried. In the past three months, several major groups have provided him with a lot of cash. Although affected by the financial crisis, the profits of several major groups such as Xiangyu Group and Xingyu Group have declined somewhat, but they still provide him with a lot of cash.
He provided 4 billion Hong Kong dollars in cash, which was enough for him to prepare for emergencies.
While Li Guangyu was preparing for the establishment of Xiangjiang Airlines, Gan Qin reported to Li Guangyu: Li Sheng, HSBC and Mr. Cao Guangbiao, chairman of Yongxin Group, just held a joint press conference. HSBC holds 30 shares of Cathay Pacific Airways.
Sold to Yongxin Group for HK$18.
After Li Guangyu heard this, he only felt that HSBC had made a lot of money. The current market value of the entire Swire Pacific Company was only HK$8 billion. As a master of 70 Cathay Pacific Airways shares, it would increase the market value of Swire Company to a certain extent, but the valuation could not reach that level.
6 billion Hong Kong dollars, this is a joke.
According to this calculation, 70% of Swire Holdings' shares are worth HK$4.2 billion. How can its real estate group, aircraft maintenance company, beverage company, and shipping company be worth such a small amount of money?
Li Guangyu was also wondering how the Yongxin Group had so much money to acquire HSBC’s shares in China Pacific Airlines during this period. Although he was a tycoon in the textile industry, it was impossible for him to have so much money to invest in it.
Bar.
Li Guangyu asked: Gan Qin, was it purchased by Mr. Cao Guangbiao alone this time? Is there any other news?
Li Sheng, this time Mr. Cao Guangbiao teamed up with Mr. Huo Yingdong and Mr. Hu Yingxiang to jointly acquire the company. Cao Sheng holds 16 shares, Huo Sheng holds 8 shares, and Hu Sheng holds 6 shares. And I heard that Cao Sheng applied to the government to establish an airline, but the government
His application has not been approved for the time being. Gan Qin replied.
At that time, Li Guangyu was still thinking about waiting for HSBC shares to die, and after his own airline suppressed Cathay Pacific, his company would then eat up Cathay Pacific to achieve the goal of dominating the Xiangjiang market. It seems that it is impossible now.
Shen Bi was indeed a man of the hour in Xiangjiang, and he moved so quickly that the Li Group's airlines were not even around yet, so he sold his shares at a high price.
Li Guangyu asked: Is there any news from Taikoo Co., Ltd.?
Gan Qin is also a director of Swire Pacific. If there is a sale of Cathay Pacific shares, a board meeting must be held and approved by shareholders accounting for two-thirds of the shares. If the Lee Group does not agree to sell Cathay Pacific,
The company, Wooden Swire, was unable to sell its shares in Cathay Pacific.
Gan Qin said: We have not received any news in this regard for the time being. Li Sheng, if Taikoo Co., Ltd. wants to sell its shares, what should we do?
Li Guangyu has not yet completed the establishment of his own airline, so Cathay Pacific still needs Swire Pacific to continue to control it. Now if others acquire Cathay Pacific, Xiangjiang Airlines' advantage will be gone.
Even if the Swire Group wants to transfer its shares, he will continue to control Cathay Pacific in his own hands to prevent Hong Kong Airlines from losing some of its advantages. Li Guangyu is not worried about Cathay Pacific being in the hands of a British consortium, but once those few
It would be really difficult for Li Guangyu to control Cathay Pacific.
For the future development of Xiangjiang Airlines, Li Guangyu will not let Taikoo Co., Ltd. sell his shares. If he wants to sell them, he can only acquire them himself. Fortunately, as a shareholder of Taikoo Co., Ltd., Li Guangyu has the right of first refusal. This can
Directly blocking others from acquiring the shares of Cathay Pacific Airways in its hands.
Li Guangyu said: Gan Qin, once Swire Holdings holds a board meeting to discuss Cathay Pacific shares, you will all object to me. At the same time, let the elites of our law firm take a look at the company terms of Swire Holdings. If the final objection is invalid,
We also have the right of first refusal to acquire the 70 shares ourselves.
Okay Li Sheng, I will make arrangements as soon as possible. Do you have any other instructions? Gan Qin asked.
You contact our deputy financial director in Swire Pacific and ask him to go to Cathay Pacific to contact those senior executives and staff. It is best to recruit them to our airline. In particular, Zhao Wenhua, the deputy general manager of their company, must strive to recruit him
Please come to our company. He can be the general manager of our company. Li Guangyu ordered.
Li Guangyu plans to recruit a group of Cathay Pacific employees to support the company's initial development. As for the airline's pilots, he plans to recruit people from Asia, America and Western Europe, especially some Chinese. Li Guangyu believes that he can provide
With generous remuneration, they are willing to switch jobs to their own company.
As for maintenance, Li Guangyu once again set his sights on the aircraft maintenance company owned by Swire Pacific. There are many talents there, and Li Guangyu plans to continue to dig them.
Li Guangyu also felt disappointed for not being able to control Swire Holdings, otherwise it would not have been so troublesome. At the same time, he also held a grudge against the Singapore consortium. If these people had not appeared, he might have moved into Swire Holdings.
At this time, Wooden Swire also received news that HSBC was selling shares in Cathay Pacific Airways. When Li Guangyu's establishment of the airline was approved by the government, he had the idea of selling shares in Cathay Pacific Airways.
And this time HSBC sold it at such a high price, Wooden Shihuai's heart also moved. Now the Shihuai family is also very short of funds. By selling the shares of Cathay Pacific, they can also relieve some of the financial pressure.
.
But considering that the Li Group holds so many shares of the group, it will be difficult to get approval from the board of directors. He still needs to have some discussions with the Singapore consortium to see how to get around it.
Overcome Li Guangyu's restrictions.
When Wooden Swire thought of this, he immediately contacted the current chairman of Heung Kong Electric Group, Guo Lingming, and asked him to meet at the Mandarin Oriental Hotel to discuss Cathay Pacific Airways.
As the representative of the Singapore consortium, Guo Lingming is not having an easy time here now. Not only did the companies that acquired the Xiangjiang Electric Group not get any profits, they also continued to invest 100 million Hong Kong dollars in it to replace the group's aging lines, and this was only the first phase.
, I still don’t know what methods the Li Group will continue to think of to allow themselves and others to continue to fill the hole.
This time Wooden Swire's proposal also moved his heart. If the shares of Cathay Pacific Airways can be sold, then as one of the shareholders of Swire Pacific, they can also get back a lot of cash, enough to support their business in Xiangjiang Electric.
The consumption within the group is gone.
Guo Lingming not only wants to keep the Xiangjiang Electric Lighting Group, he also hopes to develop some of the Guo family's industries to Xiangjiang. As long as the Xiangjiang Electrical Group has laid a solid foundation, he will have enough energy to expand other industries.