In the afternoon, Li Guangyu went to Heung Kong Electric Group to attend the group's shareholders' meeting. The main topic was to build a new power station in the Tin Shui Wai area and to expand the capacity of the group's existing power stations.
This time, because the funds involved were relatively large, and there were many forces involved, including not only the Li Group and the Singapore Group, but also the Xiangjiang China Investment Company and the Ho Investment Company, Wang Xinyu herself was unable to decide many things.
In order to suppress China Power Group in terms of strength, this time Guo Lingming proposed that the group raise 20 billion Hong Kong dollars for the group's transformation and expansion.
In addition to the 5 billion Hong Kong dollars that their shareholders need to provide, the other 15 billion funds will be loaned by several major banks. When the stock market enters a trough, New Asia Investment Company will enter the market to bargain-hunt and privatize the Xiangjiang Electric Group.
It will be re-listed when the time is right.
It makes no sense for them to raise funds to expand shares at this time. Now that the stock market is constantly falling, expanding shares will not be of much benefit to them. However, they are all very optimistic about the future development of Xiangjiang.
Now that we have come up with a plan and applied to the government, after the procedures are completed, the Li's consortium and interest groups have basically obtained the profits. If they release this news, the stock market will definitely rebound.
With the support of seven banks, a loan of 15 billion Hong Kong dollars is not a problem at all, and their shareholders only contribute 5 billion Hong Kong dollars. If it is divided like this, each company will have the strength to come up with it.
After discussing the affairs of the Xiangjiang Electric Group, Guo Lingming said to those present: Due to the current plummet in the Xiangjiang stock market and the collapse of the property market, the shareholders of Cathay Pacific Airways can no longer hold on and intend to sell their shares. I wonder if you have any.
They are interested in taking over their shares and letting me jointly take charge of Cathay Pacific's shares.
Guo Lingming originally hoped that his Singaporean consortium would take over Cathay Pacific Airways by itself, but the stock market crash in Hong Kong also affected their industry, making them unable to take over all Cathay Pacific Airways shares.
In particular, they have continued to expand in the two years since they came to Xiangjiang. The two major banks have no restrictions on the real estate industry in Xiangjiang business, and the current financial pressure is very high.
Because Qiu Deba took part of the shares of Standard Chartered Bank, his funds are now relatively tight. Moreover, Standard Chartered Bank has been a bit miserable in the stock market this time. It is estimated that they will suffer a lot of losses.
They are even more worried on their own side. The Singaporean consortium has started investing in building the tallest building in Hong Kong. Now the property market has collapsed directly, and the impact is not small. If they don't pay attention, once the bank suffers a run, there may be a big disaster.
question.
Li Guangyu himself has no interest in Cathay Pacific. Spending billions of Hong Kong dollars to acquire Cathay Pacific at this time is a waste for the Lee Group.
With the existence of Xiangjiang Air Transport Group, Li Guangyu does not need to make repeated investments with this money. If he uses it to hunt for bargains, he will earn more in the future.
However, Zheng Yutong and Feng Jingxi are still relatively interested in this. After all, they do not hold shares in an airline company. Although Cathay Pacific Airways has declined now, some of its foundations are still there. As long as the Lee Group and the Hong Kong government do not deliberately
For Cathay Pacific, airlines can still develop.
However, this aspect still needs to be negotiated with Li Guangyu to see where Cathay Pacific's market focus is to avoid competition between Cathay Pacific and Xiangjiang Airlines.
Zheng Yutong said: Guangyu, how will Xiangjiang Airlines position itself in the future? I think if Cathay Pacific supplements it, it can further improve our layout in the aviation market.
Li Guangyu replied: Uncle Zheng, our Xiangjiang Airlines mainly uses Xiangjiang and Taipei as the main bases, and Kuala Lumpur as the supplement. We develop routes from the three places to major cities in the world.
After listening to Li Guangyu's words, Zheng Yutong was convinced that Cathay Pacific could open more branch lines to supplement the shortcomings of Xiangjiang's aviation market.
Moreover, due to the influence of the Singapore Consortium and the Lee Consortium in Malaysia, they are able to open some routes in their country.
Zheng Yutong said: Guo Sheng, we still have some interest in Cathay Pacific Airways, but the current price still needs to be suppressed. We don’t need to be too anxious. It is best to repurchase after December. At that time, several of our companies
Investment companies can also have more funds.
Of course Guo Lingming knew what Zheng Yutong meant. These investment companies all shorted the Xiangjiang stock market on the stock market, and the final settlement time was in December. At that time, these companies must have made a lot of profits.
But as long as these investment companies are willing, that's fine. As for Li Guangyu, he has shares in several investment companies anyway, so it doesn't matter if he doesn't invest alone.
Regarding the future development of Cathay Pacific, Guo Lingming did not think about competing with the Lee Group in the Hong Kong and Baodao markets. He placed the main markets in Singapore, Malaysia and Indonesia, which are their home markets.
Guo Lingming said: There is no problem. There are only more than two months. After the acquisition, we can establish aviation bases in Singapore and Jakarta. These two places will be important markets for our Cathay Pacific. At the same time, we also hope that Xiangjiang Aircraft Engineering Company
Being able to settle in these two places will provide safety and security support for Cathay Pacific Airways.
Li Guangyu himself has no plans to establish sub-bases in these two regions. The relationship between the two regions is not like that of Baodao and Malaysia. The Singaporean consortium has broad relations in these places and can do it, but the Lee consortium may not.
Besides, it is enough to have a base in Kuala Lumpur in Southeast Asia. Too many bases will only be a burden to Xiangjiang Air Transport Group.
As for whether Cathay Pacific Airways can compete with Singapore Airlines, it depends on the relationship between the Singaporean consortium and I don’t know how the Singaporean consortium is prepared in this regard.
Feng Jingxi said: Guo Sheng, with the reform and opening up on the mainland, the connection with Southeast Asia will become closer and closer in the future. If we can get routes to mainland cities in Singapore and Indonesia, it will be enough to ensure the development of Cathay Pacific Airways.
I also hope you can pay attention to it.
Guo Lingming said: Please rest assured that we have a complete plan in this regard. As long as we build our bases in Singapore and Jakarta, we will be able to obtain routes in this regard.
This meeting also discussed the matter of Swire Holdings. The Singaporean consortium was no longer prepared to hold shares in Swire Holdings and asked Li Guangyu if he needed this part of the shares.
Li Guangyu doesn't have many plans for Taikoo Co., Ltd. Now he still hopes to let the Sivaiya family continue to be in charge, and he can just wait for the dividends.
At this time, Guo Lingming also hoped to cash out part of the funds for later acquisition of Cathay Pacific shares and investment in Xiangjiang Electric Group.
Seeing that Li Guangyu was not interested, he stopped mentioning the matter. As for several investment companies, they would definitely not take over their shares now. Even if they did, it would be after the stock market entered a trough. By then, I would not