After divorce, I can hear the voice of the future

Chapter 737 The Highly Anticipated Press Conference
"Mr. Zheng, let's keep in touch and I'll try to think of a solution."

Upon learning of the blacklisting of Lu Liang and Xu Jiayin, Qi Yaonian had already made a decision and planned to use HSBC's influence.

Whether by coercion or bribery, we must help the Zheng family raise the last 1.05% of the shares.

Because joint-stock companies have three equity red lines, namely 33.4%, 50.1%, and 66.7%.

Holding 33.4% is called relative control, 50.1% is called absolute control, and 66.7% is called complete control.

Generally speaking, if the company's founder is still alive or the legal heir holds 33.4% of the shares, that is usually sufficient.

However, the current situation is that although Zheng Jiachun is the legitimate heir of the Zheng family, he is not the founder.

Unless Uncle Tong is resurrected and sells his old face, even if Zheng Jiachun holds 50% of the shares, it won't make much difference to 33.4%.

However, they still hold the reins and have the upper hand, allowing them to seek the support of other shareholders.

He didn't believe that everyone was afraid of Lu Liang and Xu Jiayin.
There will always be exceptions, as long as the price is attractive or necessary.

“Mr. Qi, I’m entrusting this matter to you. If the Zheng family can weather this storm, we will follow HSBC’s lead from now on.” Zheng Jiachun said sincerely, holding Qi Yaonian’s hand tightly.

They didn't want to completely switch sides with HSBC, given Hong Kong's unique geographical location and historical reasons.

Being a fence-sitter would have been the best option, but Lu Liang forced them to make a choice.

"Don't worry, this isn't just a matter for the Zheng family," Qi Yaonian said in a deep voice. If HSBC's dominance in Hong Kong declines again, the board of directors will definitely consider replacing him.

Although Bank of China has been in the Hong Kong market for many years, they still remember the fifty-year agreement and have rarely interfered in the business.

On the other hand, Lu Liang certainly wouldn't care about the agreement, since he had planned to target HSBC before, but his attention was drawn to the Zheng family and a few others, which changed his plans.

At 4 p.m., the Hong Kong stock market closed, ending a Super Tuesday that will go down in history.

Hengtai's market capitalization fell back to 4455 billion at the close, while New World's market capitalization exceeded 2000 billion.

The former saw a single-day increase of 34.75%.

The latter saw a single-day increase of 118.2%.

Other groups such as Chinese Estates Holdings, Henderson Land Development, and Sun Hung Kai Properties also saw gains, with an average increase of 22%.

Finally, the quiet share buybacks by major corporations propelled the real estate sector forward, causing all three major Hong Kong stock indices to surge, with the Hang Seng Index returning to 25000 points.

Chinese Estates Holdings Limited issued a public announcement immediately after the market closed.

A press conference is scheduled to be held at 5 p.m. today at the Chinese Estates Building in Central.

At that time, we will announce several important matters and invite reporters from various media outlets to attend.

Once the announcement is disclosed,
An insider revealed the information.

Liu Mingwei, then vice chairman of Chinese Estates Holdings, will host the press conference, and stepmother Chan Hoi-wan will also step down as the group's executive president.

This caused Hong Kong residents, who were more aware of the gossip, to wear strange expressions.

The power struggle between the eldest son and his stepmother, which has lasted for many years, seems to be coming to an end.

A group of onlookers had already set up their stools, prepared beer and snacks, and were waiting for the press conference in an hour.

"Mr. Xu, please contact the Bank of China first. I need to take care of the Chinese Estates matter first."

Lu Liang greeted Xu Jiayin, changed into a suitable suit, and prepared to head to the Chinese Estates Building.

He was lazy and found it troublesome, so he didn't want to hold a separate press conference regarding the acquisition of Chinese Estates Holdings.

Therefore, it was decided to announce all the information that needed to be disclosed to the public later, to resolve the issue at once, and then focus on helping Hengtai acquire New World.

“Mr. Lu, please go ahead and attend to your business. I will handle things at Bank of China.” Xu Jiayin bowed slightly.

Hengtai should also contribute, otherwise people will think that they only rely on Lu Liang.

"Mingwei, what are your plans for the future?"

After leaving the office, Lu Liang greeted Liu Mingwei, and the two rode together in a car to the Chinese Estates Building.

Liu Mingwei spent the entire afternoon at the Plaza Building. Although he was the vice director of Chinese Estates Holdings, his stepmother was the CEO.

Although Lau hasn't died yet, since he fell ill, it's practically the same as dying. His only son is still being ostracized and stripped of his power by his stepmother at the company.

Moreover, Liu Mingwei also has his own career. In addition to being the vice chairman of Chinese Estates Holdings, he is also the chairman of the board of directors of Ocean Park Hong Kong.

Perhaps knowing he couldn't win against his stepmother, he focused more on Ocean Park and didn't even bother to care about the change of ownership.

If it weren't for Lau's phone call, he would have waited until Chinese Estates changed hands before speaking to Luk Leung.

Liu Mingwei said softly, "My children all love Ocean Park, and I want to be there for them as they grow up healthy."

"Are you content with that? I believe that with your talent and abilities, you should have a better future," Lu Liang said. Although Ocean Park has a board of directors, it is subordinate to the Hong Kong government, and the chairman of the board is only a public official.

Even the highest annual salary for any public official will not exceed the Chief Executive's five million.

Lu Liang hopes Liu Mingwei will stay.

He had seen Liu Mingwei's information: a Bachelor of Laws from King's College London, a Master of Laws from the London School of Economics and Political Science, and at the age of 27, he earned a Doctor of Laws degree from King's College, which was recorded in the school's history.

After returning to China, he worked at Peking University for several years and became the youngest honorary trustee in the university's history.

Liu Mingwei did not choose to give up from the beginning; his mother was Bao Yongqin, a once famous and powerful woman in Hong Kong.

Lau's current status and wealth are inseparable from his first wife.

Chinese Estates Holdings is his mother's life's work, and Liu Mingwei cannot allow his stepmother to run things recklessly.

He tried, but failed.

Lau's bias was too obvious, and in the end, he even helped his stepmother to the position of CEO.

Although the vice chairman is only one word different from the chairman, the vice chairman has less real power than the executive director, let alone the executive president.

Liu Mingwei was taken aback upon hearing Lu Liang's words.

Lu Liang smiled and said, "No need to rush to give me an answer. You can go back and think about it carefully. Anyway, you have time."

He has no real interest in the real estate industry. After taking control of Chinese Estates Holdings, he will delist and privatize the company, and then split it in two.

Real estate is one category, and finance and securities are another. If Liu Mingwei is willing to accept, the former will be handled by him and Yang Qisheng.

The latter is registered under the name of Tianxing Financial Group, waiting for Wen Chao to finish dealing with things in Tokyo so that he can come to Hong Kong to take over.

"Mr. Lu, thank you for your high regard. I will think it over carefully." Liu Mingwei nodded earnestly.

Born in 1979, he is six years older than Lu Liang and will soon be approaching forty, so naturally he wouldn't be ashamed of his pride.

Just like when Lau called him and authorized him to hold all of the Lau family's shares in China Estates Holdings, he didn't refuse.

Therefore, when faced with Lu Liang's invitation, he will only seriously consider it from his own perspective and for his future development.

“We’re about the same age, you can just call me Lu Liang in private.”

Lu Liang chuckled, turned to look out the car window, and couldn't help but smile: "Quite a few people are coming."

At the entrance of the Chinese Estates Building, media reporters were surrounded in three or four layers, like a zombie apocalypse.

Upon Lu Liang's arrival, security personnel quickly formed a human wall to create a safe passage.

Fang Shiyu, a human shield standing over 1.9 meters tall, served as the last line of defense, opening the car door to let Lu Liang and the other person out.

When Lu Liang got out of the car, the reporters became enthusiastic, and when they saw that Liu Mingwei was also in the car, they went completely crazy.

In an instant, a whole host of scenarios came to mind.

For example, the eldest son was suppressed by his stepmother for many years, and after enduring humiliation for years, he eventually swallowed up the family business with outsiders.

This is a common scenario in TVB dramas.

Lu Liang smiled and said loudly, "Friends, please calm down. I assure you, you will know everything you want to know in a moment."

Following the press conference announcing the establishment of Tianxing Financial Group, Hong Kong media reporters gained a preliminary understanding of Lu Liang's personality.

Upon hearing him say that, everyone consciously made way for the group's main gate.

The two quickly went up to the third floor, to a large hall that had been built specifically for the press conference, which could accommodate 500 people.

Kwok Ping-shing and Lee Ka-kit arrived early, and there was a large screen behind the podium.

Liu Junxiong and his stepmother Chen Kaiyun will also connect remotely later to announce some things.

"We're not late, are we? There are way too many reporters today," Lu Liang greeted Guo Li with a smile, while Liu Mingwei went backstage to prepare.

"It's not late, we just arrived too."

Kwok Ping-sing shook his head, and Lee Ka-kit joked, "The ownership of Chinese Estates, the ending of the palace intrigue drama, is more anticipated than tonight's Mark Six lottery."

"I believe this ending will satisfy everyone," Lu Liang said, unable to suppress a smile.

The people of Hong Kong have a richer spiritual life, thanks to the passing of the older generation of business leaders.

Basically, every few years, there's a power struggle within a wealthy family, which is far more interesting than the constant infighting in the Chinese entertainment industry.

(End of this chapter)