The negotiation between Gan Qin and Wooden Shihuai went very smoothly this time. This time, he won 70% of the shares of Xiangjiang Aircraft Engineering Company from Swire Holdings Company in one fell swoop. Li Guangyu had already ordered Sun Jianping to acquire this company on the stock market.
shares of the company.
Li Guangyu is planning to delist the company from the stock market and become a wholly-owned subsidiary of Xiangjiang Airlines. This acquisition may be when Wooden Swire does not want them to transfer their shares in Cathay Pacific. The Lee Group is behind
They made trouble, so there was no big opening, and Li Guangyu only got the shares of Xiangjiang Aircraft Engineering Company at a premium of two levels.
You must know that due to the plummeting stock market, the market value of the stock market cannot reflect the actual value of Xiangjiang Aircraft Engineering Company. Li Guangyu also urgently needs this company to provide maintenance guarantee for Xiangjiang Airlines. Therefore, he agreed to pay 360 million Hong Kong dollars.
The price took away 70% of the company's shares.
Li Guangyu was preparing to delist, but he had just proposed it to the Hong Kong Exchange. He received an invitation from MacLehose to discuss the love issue. In addition to MacLehose, there was also the chairman of the Hong Kong Exchange.
Jamie Duwell.
MacLehose said: "Mr. Li, the reason why I invited you here this time is because of the delisting of Xiangjiang Aircraft Engineering Company. I hope to discuss this with you."
Li Guangyu said: "Mr. MacLehose, do we have any questions about the delisting procedures of Xiangjiang Aircraft Engineering Company?"
MacLehose said: "Mr. Li, there is no problem with your procedures, but the current financial situation in Hong Kong is not very good, and the stock market has been undervalued. And your Lee Group has just delisted Wheelock Group from the Hong Kong Stock Exchange.
, had a considerable impact on Xiangjiang’s stock market. And before the storm has passed, you have delisted Xiangjiang Aircraft Engineering Company, which has dealt a huge blow to Xiangjiang’s stock market.”
MacLehose was really speechless about the Li Group. Other family companies were trying every means to seek listing. Li Guangyu was better off. His own groups were unwilling to go public. After acquiring a listed company, they all thought of delisting the company and making it private.
change.
In more than a year, this is the third listed company that Li Guangyu has applied for delisting. Heung Kong Telephone Group last year, Wheelock Group a few days ago, and Heung Kong Aircraft Engineering Company this time. And the most important thing is
These listed companies are all on the Hong Kong Stock Exchange.
This made its chairman Jamie Duwell a little panicked. He was already facing challenges from the Far East Exchange, and Li Guangyu continued to delist from the exchange, which was a huge blow to the Xiangjiang Exchange. This would make other people think
Companies that want to be listed have a lot of opinions about the Hong Kong Exchange, and investors will not have too much trust in their exchange.
That’s why Jamie Duwell found MacLehose and asked him to serve as an intermediary. He hoped that Li Guangyu’s company would not be delisted from the exchange for the time being until the delisting crisis of Wheelock Group subsided.
Li Guangyu said: "Mr. MacLehose, I currently hold 90% of the shares of Xiangjiang Aircraft Engineering Company. It will not work without delisting. Besides, this is a normal delisting for me, and it is not forced by the company if there is a problem."
Delisting will not have a big impact on the external economy and stock market. Nowadays, the Hong Kong stock market is in a downturn. Our company's launch from the stock market can better promote the company's development, which will be more beneficial to the Hong Kong economy."
Jamie Duwell knew that he had to speak, otherwise this time it would be really troublesome. If the stock market improves, it is not a problem. There are many companies seeking to go public, and the delisting of Li Guangyu Company will not have a big impact on them.
But now that the stock market is in a downturn, there are no companies coming to list at all, and even if there are companies listed, they have gone to the Far East Exchange. This place used to be the best place for British-funded consortiums to go public. With the continuous defeat of British-funded consortiums,
, so that fewer and fewer companies come to him to list.
What made him most uncomfortable was that Li Guangyu continued to acquire companies from British-funded consortiums and then delisted them from their exchanges, making the gap between their exchange and the Far East Exchange smaller and smaller.
I can't even see my back, and now the Far East Exchange is on an equal footing with me.
Jamie Duwell said: "Mr. Li, I don't know why you are keen on privatizing these companies? You must know that the stock market can make your company more valuable and more conducive to your financing. Our exchange is very keen on privatizing these companies."
I serve you, and at the same time, your listing can also bring benefits to shareholders. Isn’t this great?”
Li Guangyu himself is not short of money, so he has no plans to take the company public. After the listing, it will be quite troublesome for him to allocate funds under various supervisions. How can it be more convenient than being a sole proprietor, who can decide everything by himself?
There is no need to negotiate with other people or be responsible for other shareholders.
Li Guangyu said: "Mr. Duwell, you should be very clear that our Li Group does not lack funds. What I want is to control the group, so I prefer it to become a privatized company. I also know some of your ideas.
, I’m just afraid that you will be disappointed. If you want to maintain the leading position of your Hong Kong Exchange, you need to absorb some listed companies. We, the Li Group, don’t have much interest in listing companies.”
Jamie Duwell did not expect that despite MacLehose's help and persuasion, he still could not stop Li Guangyu's decision to delist. This made him very disappointed. At the same time, he could also feel the decline of the British consortium's influence in Hong Kong, and the decline of their exchange.
The change was caused by the decline of the British conglomerate.
MacLehose said: "Mr. Li, can you delay the delisting for a month or two and give the Hong Kong Exchange more time to eliminate the impact? I think you don't want our Hong Kong economy to be in turmoil again."
Li Guangyu did not object to MacLehose's request. After all, the current situation of Xiangjiang is not very good. If his company is delisted from the stock market one after another, it will have a huge impact on shareholders and all walks of life in Hong Kong. This may lead to the collapse of Xiangjiang.
Few people have a pessimistic mood about Hong Kong's economy.
Li Guangyu said: "Mr. MacLehose, this is still possible. As long as the exchange does not pursue the issue of the shares in our hands, we can postpone the delisting until the end of the year."
Jamie Duwell thought that even if we pursue the issue of shares, we might not be able to find the problem. How could your group's operations allow us to find the problem?
It’s not like he doesn’t understand the Li Group. The accounting firm is helping the Li Group pay taxes reasonably and legally, while the law firm is specifically helping the major companies of the Li Group to deal with legal issues so that the major companies are absolutely reasonable.
legitimate.
This time, he did not believe that the Li Group would hold the shares in one account, especially those acquired on the stock market. They must be held in multiple accounts. Moreover, Li Guangyu had many offshore funds, which were not easy to trace at all.
.
MacLehose said: "Mr. Li, thank you for your cooperation. I think such a long time is enough for the Hong Kong Exchange to eliminate the impact. I also hope that you can focus on the economic development of Hong Kong. We in Hong Kong also need investment. You Li
The consortium should not only focus on the Japanese and Baodao markets."
Li Guangyu said: "Mr. MacLehose, I think next year, our Lee Group will increase its investment in Xiangjiang. Don't worry, Xiangjiang has always been the foundation of our Lee Group, and we will not give up."