People in Hong Kong create super chaebols

Chapter 70 Is this the source of your confidence?

At three o'clock in the afternoon on July 7, General Manager's Office, Tianyuan Building, North Point.

At this time, seven men were sitting in the negotiation room.

Su Cheng, Zhang Qizheng, and 5 foreigners.

"Mr. Su, I didn't expect us to meet again so soon. I wonder why you called us all here this time?" Brandt asked first.

At this time, the five foreigners were all thinking about what Su Cheng called them over to discuss.

Could it be that he wanted the five of them to support Su Cheng, then oust Wei Li and take over Hutchison Whampoa?

How can this be?Wei Li managed Hutchison Whampoa very well. At least they received dividends from last year's profits. This year, Hutchison Whampoa's momentum is even better. If Su City takes over, will Hutchison Whampoa continue to lose money like before?
This young man has such a beautiful idea. He thinks that by calling us here, he can convince us to support him?
Hutchison Whampoa is one of the four major foreign banks in Hong Kong. You, a Chinese, want to take control of our British-owned enterprises?hehe……

The five people each have their own thoughts, but they all despise Su Cheng in their hearts. Of course, they will never say it on the surface. How can it be said that Su Cheng is also the major shareholder of Hutchison Whampoa, and the voting rights of the board of directors are greater than all of them combined. need more.

"Gentlemen, I'm inviting you here this time. It's actually very simple. I hope you will sell me your Hutchison Whampoa stocks." Su Cheng said with a smile, not beating around the bush at all, because there is no need.

"Then what price are you prepared to pay?" Brandt asked directly.

Although they were surprised, there is nothing that cannot be sold in the market. Businessmen only care about profits. If the price is satisfactory, it is not impossible for them to sell their Hutchison shares.

"For HK$6, I will take all the stocks in your hands." Su Cheng drank a cup of tea and said leisurely.

"Are you too insincere? I can sell it for HK$6 at any time, why should I sell it to you?" Claire, another shareholder, said directly.

"That's right, the price of the stock that Huifeng Bank sold you was HK$7.5, right? As we all know, why didn't you just raise the price and lower the price?" Shareholder Allen's face turned dark.

"Mr. Su, if that's what you mean when you call us over, then I won't accompany you. I still have a lot of things to do!" Brandt stood up and pretended to leave.

"Don't worry, everyone, listen to me first. I will naturally not force you to sell stocks to me. After all, I am just an ordinary businessman. But we are all businessmen. Businessmen should learn to be rational and impulsive. It's a taboo for businessmen." Su Cheng said with a smile.

"Don't tell us these useless things. We have been in the market for decades. We don't need a lesson from you, a young man in his early twenties. It's impossible for us to sell our stocks to you for HK$6." Claire raised her eyebrows. Erlang Leg said.

"Then let me put it bluntly. The current stock market price of Hutchison Whampoa is HK$5 per share, and my purchase price is HK$6. How can you say you are not sincere?
Moreover, I am not afraid to tell you that I plan to take over Hutchison Whampoa. With my current equity, I am qualified to serve as the chairman of Hutchison Whampoa.

After taking over, I will consider whether to continue to let Mr. Wei Li continue to manage Hutchison Whampoa.

After all, this is a large company with a market value of several billion Hong Kong dollars. Although I said on the board of directors that I would not interfere with Hutchison Whampoa's affairs, do you think I might let it go and not participate in management?

When the time comes, I will carry out a major reform of Hutchison Whampoa. I don’t know what Hutchison Whampoa will look like after the reform. Of course, I hope that the more changes it takes, the better it will be. "Su Cheng glanced at them and said calmly.

"Mr. Su, you think so, you can really take over Hutchison Whampoa. With the 22.4% of the stocks you currently control, I'm afraid you can't do this!" After listening to Su Cheng's words, Brandt and others were not in a hurry. .

At the beginning, Huifeng Bank took advantage of the situation and used HK$1.5 million to buy 33.65% of Hutchison International's shares in Hutchison Whampoa. With such a large stake, it was naturally capable of ousting Qi Dezun.

But things are different now. After several years of development, Hutchison Whampoa has gone through multiple financing and issuances in the stock market, especially the merger and acquisition of Whampoa Dockyard and the acquisition of Junyi warehouse. The stock has already been issued a lot, so HSBC The bank's original 33.65% shareholding dropped to 22.4%, which is the 9000 million shares currently purchased by Suzhou City from Huifeng Bank.

They feel that 33.65% can control Hutchison Whampoa, but 22.4% cannot!
Although they only hold 21.5% of the stocks in total, together they are not enough to beat Sioux City.

However, don't forget that the gap between the two is not big. During Wei Li's employment contract, as chairman of Hutchison Whampoa, he also had voting rights.

In this case, the voting power will naturally exceed that of Sioux City.

When Huifeng Bank was the major shareholder, they naturally voted with Huifeng Bank. After all, Huifeng Bank was the boss.

But now that Su City is the major shareholder, they will certainly not choose to support Su City.

"Of course, if I only had 22.4% of the stocks in my hands, I wouldn't say these words." Su Cheng laughed.

"No wonder you are so confident. It turns out that you have purchased a lot of stocks in the stock market, but even a few more points will be useless. As far as I know, there are a few people in the UK who control a lot of Hutchison Whampoa stocks. Boss, do you think they will support you?" Brandt laughed.

"Are you talking about Mr. Brown Ogden and others?" Su Cheng asked after listening.

"I didn't expect that Mr. Su also knew Mr. Brown Ogden. He is the richest man in London. His assets are not much less than your richest Chinese charterer," Brandt said with some surprise.

"If your confidence comes from this, then I may have to say sorry to you and show you a few things." Su Cheng took out a few copied documents from the document bag and handed them to them.

Sioux City wants to break their confidence one by one, so that they will worry about Hutchison Whampoa's future. Otherwise, if they want to suddenly sell their stocks, it will be impossible if it is not for a high price.

Brandt and others took the document with doubtful expressions, and after reading it, the expressions on their faces turned into disbelief.

What Sioux City gave them was a copy of the equity transfer contract signed with Brown Ogden and three others. Here, they owned 16.5% of Hutchison Whampoa shares.

He doesn't need to take out the rest, but the 16.5% here plus the 22.4% bought from Huifeng Bank, the total reaches 38.9%.

This is more than the 33.65% that Huifeng Bank held when it took over Hutchison Whampoa. These stocks are enough for Sioux City to hold Hutchison Whampoa.

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(End of this chapter)