With the Lee Group no longer in trouble, Wooden Swire is actively contacting Swire Pacific to acquire 70% of Cathay Pacific's shares, and there is no need to go to the trouble of asking the board of directors last time.
According to the plan at the time, they still needed to divide their shares in Cathay Pacific Airways with various shareholders, especially retail investors, which was particularly troublesome. Without Li Guangyu's stoppage, they could directly package it in the name of Swire Holdings.
sell.
The news that Swire Holdings was preparing to sell Cathay Pacific Airways was naturally known to Cao Guangbiao and others. In a box at the Four Seasons Hotel, Fok Yingdong, Cao Guangbiao and Hu Yingxiang were discussing the sale of Cathay Pacific shares by Swire Holdings.
Cao Guangbiao said: Yingdong Yingxiang, because Li Guangyu established Xiangjiang Airlines, the Shihuai Ya family is not optimistic about the future competition with the Li family consortium. Like Shen Bi, they all hope to sell Cathay Pacific Airways shares, and even
Heung Kong Aircraft Engineering Company has been sold to Heung Kong Airlines.
Huo Yingdong said: Guangbiao and the British-funded consortium all hope to obtain high profits. Before the establishment of Xiangjiang Airlines, they had been monopolizing the aviation market in Hong Kong. Now that Li Guangyu has entered the market, they know that the profits that were as high as before are no longer available.
Yes, the current market value for sale is pretty good. When Xiangjiang Airlines squeezes their market, Cathay Pacific will be worthless.
Although Li Guangyu is not consistent with them on some issues, Fok Yingdong still appreciates some of Li Guangyu's practices in Hong Kong. The profitability of several companies under Li Guangyu that provide public services is quite low. With the rapid economic development of Hong Kong,
The fares of the bus companies owned by Li Guangyu still maintain the price when he purchased them.
The same is true for the Telephone Group, and as a shareholder of the Heungkong Electric Group, this time the group is required to replace the group's aging lines to better serve the citizens of Hong Kong. This is why the British-funded consortium is eager to sell Cathay Pacific Airways.
All walks of life in Hong Kong know that after Li Guangyu enters, the price of air tickets in Hong Kong will drop by at least two levels.
Hu Yingxiang said: The question now is whether we should take over the shares from Swire Pacific to achieve the purpose of controlling Cathay Pacific Airways. If necessary, where will our money come from? After we acquire the shares from HSBC
, we can no longer draw out excess funds. And this time it is 70% of the shares. Calculated based on the price we acquired HSBC, we need 4.2 billion Hong Kong dollars.
Cao Guangbiao was silent after hearing this. Although he hoped that they could fully control Cathay Pacific Airways, the huge amount of money forced him to give up such an idea.
This problem is more difficult to solve. Although they are interested in taking this part of the shares, they are not strong enough and they have no good solution. Once the shares in Swire Pacific are acquired by other consortiums, they will not have much influence on Cathay Pacific Airways.
power.
Fok Yingdong said: It is impossible for the three of us to take over Cathay Pacific. We need to contact more Chinese families to join in. We must first get Cathay Pacific in our hands. This time we cannot let Cathay Pacific be affected by consortiums from other countries.
control.
Fok Yingdong still hopes that they can take control of Cathay Pacific Airways, so that they can open more routes to the mainland and increase close communication between the mainland and Hong Kong. Although he knows that even if they do not do this, Li Guangyu's airline will
We will gradually open routes to the mainland. However, it is more convenient to be able to control an airline yourself, and you can open it according to your own wishes.
Cao Guangbiao and Hu Yingxiang both agreed with Fok Yingdong's idea. They both hoped to acquire Cathay Pacific so that they could better promote exchanges between Hong Kong and the mainland.
Although Li Guangyu's airline was established, he also hoped to open mainland routes, but Li Guangyu was obviously implementing his globalization strategy. Xiangjiang Airlines would not have too much energy to take care of the mainland market, especially some loss-making routes.
It is estimated that Xiangjiang Airlines will not open it.
However, what Cao Guangbiao doesn't understand is that Li Guangyu himself is one of the major shareholders of Swire Pacific. Why doesn't he acquire Cathay Pacific Airways to monopolize the aviation market in Xiangjiang?
With Li Guangyu's financial resources, there is absolutely no problem in acquiring the shares of Cathay Pacific Airways. I don't know what Li Guangyu plans to do this time.
Huo Yingdong didn't know much about the questions raised by Cao Guangbiao, and he couldn't clearly see Li Guangyu. Sometimes Li Guangyu's approach was very like a businessman, such as on political issues. Li Guangyu never talked about politics and only did business.
, which also prevented his group’s business in various regions from being greatly affected.
But the approach taken on some issues is not that of a businessman, such as Kowloon Bus, Heung Kong Electric Group and Heung Kong Telephone Group. When other people control this group, they are trying to get the maximum profit within the profit range stipulated by the government.
profit, but his annual profit from this is not much.
They don’t believe that Li Guangyu doesn’t know the benefits of monopolizing the Xiangjiang aviation market. Fok Yingdong said: Maybe after we acquired the shares of Cathay Pacific Airways held by HSBC, Li Guangyu gave up the idea of acquiring Cathay Pacific Airways. You also know that the reason why Li Guangyu
Becoming the second largest shareholder of Swire Pacific was for Cathay Pacific Airways.
Hu Yingxiang said: For now, we should not study why Li Guangyu did not acquire Cathay Pacific Airways. We should think about which families we should contact to work together to take over the shares of Swire Holdings. This time the amount of funds is quite large, not just one or two.
It can be eaten.
Except for Li Guangyu, no other major family in Hong Kong has been able to raise so much funds to acquire Cathay Pacific. The most important thing is that the current stock market in Xiangjiang has fallen to the bottom, the economic situation is down, and most families have no funds.
In terms of real estate, it is not easy to find a group of people to acquire Cathay Pacific Airways.
Fok Yingdong said: I will be responsible for contacting you in this regard. You should also contact the families you have good relations with to see if they are willing to acquire Cathay Pacific Airways with us.
Cao Guangbiao already had a candidate in mind, and he decided to visit his home in person tonight to try to get him to join. Their chances of a successful acquisition would be greatly increased.
As the proposer of this acquisition of Cathay Pacific Airways, Cao Guangbiao naturally does not want this acquisition plan to fail. At the same time, he is quite optimistic about the future of Cathay Pacific Airways.
The reason why British capital is not optimistic about the future of Cathay Pacific Airways is mainly due to the profit issue. Cao Guangbiao is not very worried about this aspect. Their advantage is much greater than that of Li Guangyu's Xiangjiang Airlines. At least after they take control of Cathay Pacific Airways, they will have a better future in mainland China.
In terms of the market, if Xiangjiang Airlines wants to compete with itself, it will definitely be at a disadvantage.
Cao Guangbiao said: We will contact each other in the next two days, and then we will sit down together to discuss the acquisition of Cathay Pacific Airways in detail, and strive to acquire the shares of Cathay Pacific Airways in one fell swoop. It is more secure that these public service enterprises are in the hands of our Xiangjiang family.