At the Wheelock shareholders' meeting, Li Jianhui and Qiu Deba were very at odds. Qiu Deba, as the second largest shareholder, requested to join Wheelock Group as the vice chairman of the board of directors and concurrently as the group's vice president.
Li Jianhui was not willing to let Qiu Deba extend his tentacles into Wheelock Group, and refused as the largest shareholder and chairman of the board of directors.
The other major shareholders are currently holding the attitude that no one will be offended, neither supporting nor opposing, and quietly watching the battle between the two sides.
They are all waiting to see which company can give them a higher price. They will not waste such a God-given opportunity.
There was anger burning in Qiu Deba's heart. He held 27.3% of the shares, but he wanted only one vice chairman of the board of directors and vice president Li Jianhui to disagree. This was not giving him any face.
In all his years in Singapore and Malaysia, he has never faced such an insult.
He admitted that he was ambitious for Wheelock, but he had no intention of ousting Li Jianhui immediately. As a financial bank, he would not overdraw his profits for many years to win a company.
Especially since this company was relatively unfamiliar to him in Hong Kong, and he had not yet established personal connections and was not familiar with Wheelock Group, he preferred to settle for second place temporarily.
Unexpectedly, Li Jianhui did not give him a chance to enter Wheelock and directly forced him to fight in a decisive battle.
Qiu Deba said angrily: "Li Jianhui, I respect you as a young genius in Xiangjiang, so I just bought the shares from Zhang Yuliang and prepared to cooperate with you to jointly develop Wheelock Group.
I didn’t expect you to be so arrogant, without even the basic principles and respect for your partners. Do you think that just because you are the largest shareholder, you can cover the sky with one hand?"
Li Jianhui's face was very calm, and did not change at all because of Qiu Deba's words. He waited quietly for Qiu Deba to finish speaking before he said:
"Sheng Qiu, we are tacitly aware of your plans. As long as I am with Wheelock Group, you will never interfere.
This is Xiangjiang, not Singapore. I don’t care how strong you are in Singapore and Malaysia, and I don’t care how high your prestige is in Singapore and Malaysia.
Here, even the dragon crossing the river has to be entangled. If you target Wheelock Group, you can only say that you have chosen the wrong opponent.
If there are no other questions, today’s board meeting ends here.”
Qiu Deba's face was ashen. If he didn't care about his image, he would have flipped the table over.
He knew that if Li Jianhui was not removed from power, his desire to intervene in the management of Wheelock Group would only be a fantasy.
He didn't stay any longer and asked for trouble, he got up and walked directly out of the conference room door.
Seeing this, other major shareholders also stood up and prepared to say goodbye to Li Jianhui.
Li Jianhui, who already had funds in place, could not just let the major shareholders leave the group. He said with a smile: "Please wait a moment, do you want to sell your shares?"
When these people heard Li Jianhui speak, they were not in a hurry to leave. They sat down to communicate with Li Jianhui about the shares in their hands.
Qiu Deba, who walked out of the conference room, waited for several minutes but did not see other shareholders coming out. He immediately felt that he was going to be in trouble. Once Li Jianhui got the shares of these major shareholders, he had no room for a comeback.
At that time, not only will the shares be lost, but also the company will not have any say in the Wheelock Group.
At this time, he didn't care about losing face, so he turned around and walked towards the conference room.
Unfortunately, there were security guards outside the conference room. Qiu Deba wanted to go in, but was stopped directly.
"Get out of the way quickly. I am the second largest shareholder of the group. You have no right to stop me from entering the conference room."
"Sir, the board meeting has ended. Li Sheng is currently discussing important matters with his partners. Please don't interrupt. If anything happens, we will report to Li Sheng after Li Sheng comes out."
The sound insulation effect of the conference room is still very good. Qiu Deba's voice from outside did not reach inside, nor did it affect Li Jianhui's discussions with several major shareholders.
It can be said that today was entirely planned by Li Jianhui, who verbally stimulated Qiu Deba, and arranged security personnel outside the conference room.
Although it is a bit despicable to do so, in the shopping mall, there are only victories and defeats, and it does not matter whether the means are fair or aboveboard.
In order to win over Wheelock Group, Li Jianhui also spent a lot of money this time, and exports are priced at a three-tier premium.
However, such a price obviously failed to impress several shareholders with Qiu Deba watching eagerly from the sidelines. Several of them said in unison that they would go back and consider it.
When Li Jianhui saw that some of them were unmoved, he immediately said: "I don't know what the price is in your mind. You might as well tell me that within the scope of my tolerance, I can accept it."
Several shareholders did not speak for a while. After all, this was related to their own vital interests. An underreporting of 1 point would be a huge loss for them.
In fact, Li Jianhui's negotiation like this is certainly not good for Qiu Deba, but it is also bad for him. When these shareholders are together, they will inevitably raise the price.
It's just that Li Jianhui doesn't want to waste too much time, and he doesn't want Qiu Deba to take the lead, even if he spends more money.
This time he wants to make it clear to the outside world that it is not only the charter king who has the courage to make a desperate move, he also has it.
Through this battle for Wheelock, he wants to warn all parties not to think about taking action against his industries before they have absolute strength.
These small shareholders fantasized about being able to eat a fat baby in one bite. After communicating through small gestures, they came up with a price that surprised even Li Jianhui. It was three times the market price, which is equivalent to increasing the current price of Wheelock Group.
The 2.6 billion Hong Kong dollars directly mentioned 7.8 billion Hong Kong dollars.
If it weren't for Qiu Tak-pa outside, Li Jianhui would just walk away. What a joke. With the current development of Wheelock Group, he would not give forward-looking guidance and let Wheelock move forward by leaps and bounds, even if the Hang Seng Index reached 100% in 1981.
At its peak, Wheelock Group's market capitalization did not reach HK$7.8 billion.
"Guys, I sincerely want to buy the shares in your hands, and I hope you can give me a sincere price. If you insist on asking for three times the price, then you can only go to Qiu Deba."
These few people did not expect that Li Jianhui would really agree to such a price. The reason why they asked for such a high price was just to reserve more space for subsequent negotiations.
As the third largest shareholder of Wheelock Group, Gao Shunhang, who holds 7.2% of the shares, said: "Li Sheng, we are both from Xiangjiang. If the price is the same, we are more willing to transfer the shares to you.
It's just a three-tier premium, which is still too little under the current situation. Our Gao family is also willing to make friends with Li Sheng. My shares will be sold to you at twice the market price. If you think it's okay, we can trade it now.
.”
Double the premium is still somewhat beyond Li Jianhui's plan. At the current market price, it is also HK$5.2 billion.
If he wants to acquire a total of 16.3% of the shares of these shareholders, he will need about 850 million Hong Kong dollars. Although he can afford this amount of money, it is still a bit high.