People in Hong Kong create super chaebols

Chapter 67 Accelerating the Process of Privatization

"Mr. Su, please sit down." Seeing Su Cheng, Wei Li said politely.

After all, they had met the day before and the two parties had also talked. They knew that Su City would not interfere casually with their management of Hutchison Whampoa, so Wei Li did not resent Su City now.

In fact, although Huifeng Bank has supported Weili in many decisions before, if it encounters some decisions that conflict with Huifeng Bank's interests, Huifeng Bank will object immediately without hesitation.

Therefore, if it were not for Huifeng Bank, Weili felt that he could develop Hutchison Whampoa faster.

Su Cheng nodded and naturally sat in an empty seat in front.

As the chairman and CEO of Hutchison Whampoa, Wei Li naturally sat in the first seat, and Su Cheng's seat was right next to him. The place where Shen Bi originally sat when he came over for a meeting has now become Su Cheng's seat. s position.

"Mr. Su is attending a board meeting for the first time, so please introduce yourselves first." As the chairman of the board of directors, Wei Li said.

"Then let me go first and introduce myself. I am Su Cheng, chairman of Xiangjiang Su Group, boss behind Tianyuan Company, and now the largest shareholder of Hutchison Whampoa." Su Cheng stood up and said with a smile.

In fact, Su Cheng no longer needs to hide the identity of the boss of Tianyuan Company. Most people who want to know already know it.

"I am Richard Chaxin, the executive vice president and vice chairman of the board of directors." An older foreigner stood up and said from the next seat in Suzhou City.

"I am Xia Boyin, business director."

"I am Peter Wei, the political director."

"I am Brandt, shareholder and director."

……

There are actually only 15 people in the entire conference room, including Sioux City, and most of them are senior executives from Hutchison Whampoa. As for shareholders who serve as directors, there are actually only 6 people, including Sioux City.

It can be seen that there are not many people who can master Hutchison Whampoa stocks and truly achieve scale.

Whether it's Richard Xin, Xia Boyin or Wei Peter, Su Cheng has already learned their information from Xiao Ai.

These three people, in the world before Sioux City traveled, after Li Ka-shing ousted Wei Li, they were in charge of the entire Hutchison Whampoa and formed the troika of Hutchison Whampoa's new management.

Under their management, Hutchison Whampoa is still developing at the same speed as before. It can be seen that the management capabilities of these people are also very strong.

However, now their identities are actually the management team built by Wei Li.

For the time being, Su Cheng doesn't want to know too much about senior management, but is paying attention to the other five shareholders.

In Qi Dezun's era, Hutchison International had many more actual shareholders than now. However, in Qi Dezun's later period, many shareholders chose to withdraw their shares because they no longer believed in Hutchison International. As a result, not many shareholders are now on the stage. , and more of them are numerous small investors.

These five shareholders are all individual shareholders who did not evacuate in time during the Qi Dezun period.

In fact, their stocks are not large. The highest one is only 6.8%, and the few stocks are only about 2.5%. The stocks of the five people combined only account for 5% of the entire Hutchison Whampoa stock. Lian Huifeng Even the stock the bank sold to Sioux City wasn't as good.

This is also the reason why Huifeng Bank previously only held 22.4% of the shares but had such a high say in Hutchison Whampoa's board of directors.

If the stocks of these five people can be sold to themselves, then Hutchison Whampoa can close the network.

Sioux City currently controls 65.8% of the shares, which is not far from the 75% requirement that can be privatized. If their shares are taken over, it will be considered an overfulfillment of the task.

"Everyone must be aware of this board meeting. I have already distributed the articles of association. As the major shareholder of Hutchison Whampoa, Mr. Su Cheng will serve as the executive director of Hutchison Whampoa's board of directors. I hope everyone will have a good time working together. We will develop Hutchison Whampoa even better," Weili said directly.

This kind of decision does not require a vote at all, because Su City's stock determines that this position must be his.

Wei Li is the chairman of the board of directors, the chairman of Hutchison Whampoa.Many people are not clear about the difference between the two positions of "Chairman of the Board" and "Executive Director."

First of all, the chairman of the board of directors and the executive director are different positions. In Xiangjiang enterprises, the chairman of the board of directors refers to the chairman of the board.

Secondly, the responsibilities of the chairman of the board of directors and executive directors are also different. The chairman of the board of directors is mainly responsible for presiding over board meetings and ensuring that company decisions comply with the requirements of laws, regulations and the company's articles of association.

The executive director is responsible for the daily operation and management of the company. Under normal circumstances, he is directly involved in the daily operation and management of the enterprise.

Of course, since Su Cheng has no plans to interfere too much in Hutchison's affairs for the time being, his current position is actually just a temporary one.

In fact, the two positions of chairman of the board and executive director of many large companies are held by the same person.

It's just that Hutchison Whampoa is special. Neither Huifeng Bank, the former major shareholder, nor Su Cheng, the current major shareholder, are directly involved in management, so the title of chairman is given to Wei Li.

"Mr. Brandt, let's exchange contact information with each other. We are all shareholders of Hutchison Whampoa. You can always contact us if you need anything."

"Mr. Claire, let's exchange business cards. This is my business card. If you have any questions, you can contact us."

"Mr. Allen,..."

After the meeting, Su Cheng approached the five shareholders and directly asked for their contact information.

Now that the goal is almost completed, we need to take the initiative to take a step faster.

With the stocks currently held by Sioux City, in fact no one else can take away Hutchison Whampoa, but Sioux City has a bigger goal. He wants to privatize Hutchison Whampoa.

Hutchison Whampoa, a long-established British-owned foreign company with an asset valuation of 58 billion, will completely win over it, and the future of Sioux City will be smoother.

Because Hutchison Whampoa has 180 subsidiaries, covering almost all walks of life in Hong Kong.

With Hutchison Whampoa, he will have a very good foundation in whichever direction he develops.

For example, in the real estate industry, there is Hutchison Real Estate;

In the retail industry, there are Watsons and PARKnSHOP supermarkets;

The wharf includes Huangpu Dockyard;

In the mining industry, there are Anderson Daya;

The dock warehouse has Junyi warehouse...

It can be said that Hutchison Whampoa is involved in industries that are closely related to the people of Xiangjiang.

Su City would naturally not want to miss out on privatizing such an enterprise.

Once Hutchison Whampoa is fully owned, Sioux City will have a certain foundation for whatever direction it wants to develop.

That's very nice.

Mastering Hutchison Whampoa is much more enjoyable than Su Group.

Of course, comparing the two is meaningless. After all, Hutchison Whampoa is much larger than Su Group.

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(End of this chapter)