The next morning, Cathay Pacific Airways held a press conference. The shareholders of Cathay Pacific Airways were changed. Fok Yingdong, Hu Yingxiang and Cao Guangbiao withdrew from the ranks of Cathay Pacific Airways shareholders.
His shares were taken over by Xiangjiang China Investment Company, New Asia Investment Company and He's Investment Company. As for Bao Yugang's 5 shares, he continues to hold them. He has no intention of selling his shares, and Li Guangyu and others have no intention of selling them.
Willingness to undertake compulsory acquisitions.
At present, Cathay Pacific Airways is held by a Singapore consortium investment company with 50% of the shares, Bao Yugang holds 5% of the shares, and Li Guangyu and the other three investment companies each hold 15% of the shares.
This time, the Lee Group and other interest groups teamed up with a Singaporean group to control Cathay Pacific Airways, causing quite a sensation among all walks of life in Hong Kong.
For more than a year, Cathay Pacific Airways has been severely suppressed by Xiangjiang Airlines. A company that was once a very high-quality company is now losing money every month.
The market value of Cathay Pacific's transfer this time was only HK$1.8 billion. You must know that when they acquired Cathay Pacific last year, the company's market value exceeded HK$5 billion. In just over a year, it shrunk by 3%.
Two-thirds of the time, the shareholders who originally invested may regret it.
And what people from all walks of life in Hong Kong want to know most is the future development of Cathay Pacific. Now the Hong Kong market has basically been occupied by Li's Xiangjiang Airlines. There is not a big market for Cathay Pacific to develop. I don't know what the two companies can do in the future.
Live in harmony or not.
At the press conference, Wang Junchang, Vice Chairman and Vice President of Xiangjiang Air Transport Group, became one of the focuses of interviews from all parties.
Because Guo Lingming just introduced to everyone that Wang Junchang will temporarily serve as the chairman of Cathay Pacific Airways.
A reporter from Oriental Daily asked, "Sheng Wang, you were also the vice chairman of Cathay Pacific more than a year ago. Now you have returned to Cathay Pacific again. Will you continue to work for Cathay Pacific in the future?"
Wang Junchang said, "My position is still Vice Chairman of the Board of Directors of Xiangjiang Air Transport Group and Vice President of the Group. Due to changes in Cathay Pacific this time, I received Li Sheng's instructions to temporarily come over to preside over the affairs of Cathay Pacific. Enter here."
After normal development, I will return to Xiangjiang Air Transport Group to work."
Wang Junchang has no interest in the position of chairman of Cathay Pacific Airways. This position is far inferior to his position at Xiangjiang Air Transport Group.
Had it not been for Li Guangyu's instructions this time, he would still be presiding over the construction of the group base in Kuala Lumpur and the construction of a joint venture between Heung Kong Aircraft Engineering Company and the Kuala Lumpur Government.
These reporters also understood the meaning. The Li Consortium still likes to do this. The Watsons were also like this. When the Watsons encountered difficulties, Li Xuelan went there to preside over the affairs of the Watsons. She worked at the Hengyu Supermarket Group.
There is no change either.
Now it is estimated that the Lee Consortium is doing this again, and when Cathay Pacific operates normally, it will be handed over to this company for its own management.
A reporter from Sing Tao Daily asked, "Sheng Wang, we all know that the Hong Kong aviation market is currently occupied by Xiangjiang Airlines. Now that you are the chairman of Cathay Pacific Airways, I wonder if you can reconcile the interests of the two companies so that the two airlines can
Live in harmony.”
Wang Junchang responded, "Everyone knows that currently our Hong Kong Airlines is based in Hong Kong and Baodao, and has added Kuala Lumpur and Bangkok as auxiliary bases to expand the development of our Hong Kong Airlines. In the future, our Cathay Pacific Airways will be based on
Using Singapore and Jakarta as our main bases will expand our company's aviation market in Southeast Asia. The two airlines will complement each other and our bases can be shared by the two airlines, promoting the common development of the two airlines."
These reporters were a little surprised by Wang Junchang's answer, but after thinking about it, it was reasonable.
It is impossible for the Lee Group to allow the two groups to compete in the Hong Kong market, and this time the majority shareholder of Cathay Pacific is a Singaporean consortium, which provides conditions for the development of Cathay Pacific in Singapore and Indonesia.
Just like Lee's two major real estate groups, Wheelock Group and Starlight Real Estate Group have divided the scope of their respective expansions to prevent the two groups from competing in the same market.
It’s just that over the past few decades, Cathay Pacific has been rooted in Xiangjiang. Now that it is suddenly moving out of the Xiangjiang market on a large scale, these people suddenly feel nostalgic.
At the noon celebration banquet, Guo Lingming said, "Thank you everyone for entering into this cooperation with us. We have reached an agreement with our government. Cathay Pacific's aviation base at Singapore Airport can be constructed as long as our company applies for it. This
I would also like to thank Mr. Li Guangyu."
This time they were able to negotiate with the government so smoothly. In addition to the influence of their major families in Singapore, the influence of the Lee Group cannot be underestimated.
Since Li Guangyu has agreed to the invitation of the Prime Minister of Singapore and will visit Singapore next year, the country there also pays more attention to this. This time there are so many families behind Cathay Pacific as shareholders, and the government does not embarrass them.
Li Guangyu is quite happy about this. As long as Cathay Pacific can establish an aviation base in Jakarta 931, the aviation layout in Xiangjiang, Baodao and Southeast Asia will be very complete, allowing Xiangjiang Airlines and Cathay Pacific Airways to occupy Southeast Asia and Xiangjiang
, the aviation market in Baodao area.
Li Guangyu said, "Guo Sheng, Cathay Pacific Airways will be responsible for your future development. We hope that the aviation base in Jakarta can be built as soon as possible to improve our airline's layout in Southeast Asia."
Guo Lingming smiled and said, "Li Sheng, please rest assured that we have also made quite good progress in Jakarta. I estimate that we will be able to get the approval document in January at the latest."
Guo Lingming is very happy about this time with Cathay Pacific. Currently, they have cooperated with Li's Consortium on Heung Kong Electric Group and Cathay Pacific. He believes that Li's Consortium and them can cooperate in more industries and companies in the future.
, so that the relationship between the two consortiums can become closer and promote the common development of both parties.
Now that the Li Group is getting stronger and stronger, they do not have the confidence to compete with the Li Group. Cooperation in this way and riding on the rapid development of the Li Group will be more conducive to the development of their companies.
Guo Lingming has received instructions from Singapore, requiring him to continue to strengthen ties with the Li Group in Xiangjiang. He can consider cooperating with the Li Group on some projects to improve their relationship with the Li Group and allow the two to establish a comparison.
Strong alliances.
Li Guangyu himself is very happy to be able to strengthen cooperation with the Singapore consortium. Singapore's geographical location is very important. It is also the financial center of Nanyang. Its development potential cannot be underestimated. Many of Li's companies will develop there in the future.
With the friendly cooperative relationship with the Singaporean consortium, it will be more convenient for the Lee Consortium to expand in Singapore, Malaysia and Indonesia, and the obstacles it will encounter will be reduced a lot. The influence of the Singaporean consortium in these areas cannot be underestimated.