Through the wealth life

Chapter 666
The next morning, Cathay Pacific Airways held a press conference. The shareholders of Cathay Pacific Airways were changed. Huo Yingdong, Hu Yingxiang and Cao Guangbiao withdrew from the ranks of shareholders of Cathay Pacific Airways.

Its shares were taken over by Xiangjiang Zhonghua Investment Company, New Asia Investment Company, and Ho Investment Company. As for Bao Yugang's 5% shares, he continued to hold them. He had no plans to sell his shares, and neither did Li Guangyu and others. Willingness to make compulsory acquisitions.

At present, Cathay Pacific Airways is held by a Singapore consortium investment company with 50% of the shares, Pao Yugang holds 5% of the shares, and Li Guangyu and their three investment companies each hold 15% of the shares.

This time, the Lee consortium and its interest groups joined forces with the Singapore consortium to hold Cathay Pacific Airways, which caused quite a stir in all circles in Hong Kong.

For more than a year, Cathay Pacific Airways has been suppressed miserably by Hong Kong Airlines. A company that used to be very high-quality is now losing money every month.

And this time, the market value of Cathay Pacific Airways transfer is only 18 billion Hong Kong dollars. You know, when they acquired Cathay Pacific last year, the market value of this company exceeded 50 billion Hong Kong dollars, and it has shrunk by three points in just over a year. Second, the few shareholders who invested at the beginning may regret it.

Moreover, what all circles in Hong Kong want to know most is the future development of Cathay Pacific. Now the Hong Kong market has been basically occupied by Hong Kong Airlines under Li's company. There is not much market for Cathay Pacific to develop. Whether to live in harmony.

At the press conference, Wang Junchang, vice chairman and vice president of Xiangjiang Air Transport Group, became one of the focuses of interviews.

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 Airways more than a year ago. This time you returned to Cathay Pacific Airways again. Will you continue to work for Cathay Pacific Airways in the future?"

Wang Junchang said: "My position is still vice chairman of the board of directors of Xiangjiang Air Transport Group, vice president of the group. This time, due to the change of Cathay Pacific Airways, I received Li Sheng's order to come temporarily to preside over the affairs of Cathay Pacific Airways. Here After entering into normal development, I will return to Xiangjiang Air Transport Group to work."

Wang Junchang is not interested in the position of chairman of Cathay Pacific Airways, which is far from his position in Xiangjiang Air Transport Group.

If he hadn't received Li Guangyu's order this time, he would still be in charge of the establishment of the group's base in Kuala Lumpur and the construction of the joint venture between Xiangjiang Aircraft Engineering Company and the Kuala Lumpur government.

These reporters also understood the meaning of it. Li's consortium still likes to do this. Watsons used to do the same. When Watsons encountered difficulties, Li Xuelan went there to preside over Watsons' affairs and worked for Hengyu Supermarket Group. No change either.

Now it is estimated that the Lee consortium has done this again. After Cathay Pacific Airlines operates normally, it will be handed over to its own management.

A reporter from Sing Tao Daily asked: "Sheng Wang, we all know that Hong Kong Airlines currently occupies the market of Hong Kong Airlines. Now that you are the chairman of Cathay Pacific Airways, I don't know if you can reconcile the interests of the two companies and let the two airlines able to live in harmony.”

Wang Junchang responded: "Everyone knows that at present, our Hong Kong Airlines is based on Hong Kong and Taiwan as our main bases, and at the same time we have added Kuala Lumpur and Bangkok as auxiliary bases to expand the development of our Hong Kong Airlines. And our Cathay Pacific Airways will continue to expand in the future. Taking Singapore and Jakarta as the main bases to expand our company's aviation market in Nanyang, the two airlines will form a complementarity, and our bases can be shared by the two airlines to promote the common development of the two airlines."

These reporters were a little surprised by Wang Junchang's answer, but it made sense after thinking about it.

It is impossible for the Lee consortium to allow the two groups to compete in the Xiangjiang market, and this time the majority shareholder of Cathay Pacific is the Singapore consortium, which provides conditions for the development of Cathay Pacific in Singapore and Indonesia.

Just like the two major real estate groups under the Li family, Wheelock Group and Starlight Property Group have divided their respective expansion scopes so that the two groups will not compete in the same market.

It's just that Cathay Pacific has been rooted in Xiangjiang for decades, and suddenly they want to move out of the Xiangjiang market on a large scale at this time, which makes these people miss it suddenly.

At the celebration banquet at noon, Guo Lingming said: "Thank you for reaching this cooperation with us. We have reached an agreement with our government. Cathay Pacific Airways' aviation base at Singapore Airport can be built as long as our company applies. In this regard, I would also like to thank Mr. Li Guangyu."

This time they were able to negotiate so smoothly with the government. In addition to the influence of their major families in Singapore, the influence of the Lee Consortium cannot be underestimated.

Since Li Guangyu has agreed to the invitation of the Prime Minister of Singapore, he will visit Singapore next year, and he will pay more attention to this. There are so many families behind Cathay Pacific as shareholders, and the government did not embarrass them.

Li Guangyu is quite happy about this. As long as Cathay Pacific can establish an aviation base in Jakarta 931, then the aviation layout in Xiangjiang, Baodao and Southeast Asia will be very complete, allowing Xiangjiang Airlines and Cathay Pacific to occupy Southeast Asia and Xiangjiang. , The aviation market in Baodao area.

Li Guangyu said: "Guo Sheng, Cathay Pacific will be in the hands of you for the future development of Cathay Pacific. I hope that the aviation base in Jakarta can be built as soon as possible to improve the layout of our airline in Southeast Asia."

Guo Lingming said with a smile: "Li Sheng, please rest assured that we have made quite good progress in Jakarta. I estimate that we will be able to get the approval in January at the latest."

Guo Lingming is very happy with Cathay Pacific this time, and they have already cooperated with the Lee Consortium on Heungkong Electric Group and Cathay Pacific.He believes that in the future, Li's consortium and them can cooperate in more industries and companies, so that the relationship between the two consortiums can be closer and promote the common development of both parties.

Now that the strength of Li's consortium is getting stronger and stronger, several of them have no confidence to compete with Li's consortium. This kind of cooperation and the express train of Li's consortium's development will be more conducive to the development of their companies.

Guo Lingming has received instructions from Singapore, asking him to continue to strengthen his relationship with the Li Consortium in Xiangjiang. He can consider cooperating with the Li Consortium on some projects to improve their relationship with the Li Consortium and allow the two to establish a comparative 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. The development potential cannot be underestimated. In the future, many companies under the Lee Group will develop there.

With the friendly cooperative relationship with the Singapore consortium, the expansion of the Lee consortium in Singapore, Malaysia, and Indonesia will be more convenient, and the obstacles will be greatly reduced. The influence of the Singapore consortium in these regions cannot be underestimated.

(End of this chapter)