Hong Kong 1980: The Savage Era

Chapter 481 483 [In Progress] (ask for a monthly ticket)
In order to increase his chances of winning, Luo Qihong personally met with the small shareholders of the Yeoh Hiap Seng Group.

The situation faced by Yeo Hiap Seng Group is somewhat similar to that of Wheelock Company in the past. The small shareholders were all in a panic. When they heard that someone was willing to pay a high price to buy the group's shares, they all signed the contracts.

This move surprised Luo Qihong. He did not expect that the small shareholders would be so straightforward. In just one morning, Luo Qihong acquired 2.3% of the shares, increasing his shareholding to 36.8%.

In the afternoon, he naturally continued to work hard, acting as the Good Fortune Boy and acquiring shares in the Yeo Hiap Seng Group.

However, Yang Zhiyao, the head of the Yang Jinglian family, was slow to react. He only received the news of Hengan Investment Company's massive share purchases on the afternoon of the next day. He was shocked at first, and then became furious, saying that Hengan Investment Company had evil ambitions and should never dream of annexing his Yang Hiap Seng Group.

His third uncle Yang Tiancheng received the news several hours earlier than him, but was busy discussing countermeasures on how to get back the shares from Luo Qihong.

In fact, they thought that Luo Qihong's shareholding in the group did not exceed 20%, because neither Chinese Bank nor Far East Group announced that their shares in Yeo Hiap Seng Group had been sold to Hengan Investment Company.

Inside Yang Jinglian’s family villa.

All family members attended the gathering, and they had all received the news: outsiders had invaded and attempted to take over the ancestral business, the Yeo Hiap Seng Group.

Some family members outside the core watched coldly. In their view, it didn't matter to them who owned the Yeo Hiap Seng Group. They came to the ancestral home just to see if there was any chance to gain some benefits.

All large families have this problem. For example, the acquisition of Chinese Estates Holdings was caused by Li Fook-chau, who was outside the family's power, and eventually the family business became someone else's property.

"I think everyone has heard that Heng'an Investment Company, owned by Hong Kong's richest man Luo Qihong, is buying up the group's shares in a big way, intending to swallow up the group." Yang Zhiyao looked around and said in a deep voice, "Although we have conflicts, we cannot allow our ancestral property to fall into the hands of outsiders, so I hope everyone can work together to resist foreign enemies."

"Humph! That sounds nice. We didn't get any benefits when there were benefits, but now that there is a crisis, you think of us." A young family member said, "Don't talk so much. The real benefit is what we get after helping you."

Hearing this, Yang Zhiyao gnashed his teeth in hatred, but now he could only endure it, all for the sake of protecting his family business.

Although these big family members do not have core power, they often use the family's reputation to gain a lot of benefits. It is a bit unreasonable for them to disown their family now.

Of course, Yang Zhiyao is a very thick-skinned person. The current situation of the Yeo Hiap Seng Group is mostly due to him, but now he says it is caused by internal strife and wants everyone to contribute.

"Don't worry, as long as you are willing to work hard, I will buy your stocks at a high price afterwards, so that you can make a fortune." Yang Zhiyao gritted his teeth and promised.

As the second generation of the family, Yang Tiancheng naturally knows what is more important. If the Yeo Hiap Seng Group is in the hands of family members, he can still try to take it back, but if it falls into the hands of outsiders, he may have no hope in this lifetime.

"Zhiyao is right. We are a family after all. If outsiders invade, we still need to work together. As long as we drive out the foreign enemies, everything else will be easy." Yang Tiancheng said, "If anyone betrays his family, I think he can be expelled from the family."

Several members couldn't help but sneer when they heard this. It was impossible to estimate how much profit the elder Yang Tiancheng had swallowed up by using Yang Xiecheng's name, but now he seemed to be acting in a high-sounding manner.

"I agree with what my third uncle said. All traitors in the family must be expelled." With the support of Yang Tiancheng, Yang Zhiyao immediately became majestic.

Most of the family members were intimidated, and they still relied on the family brand to live a life of idleness and wait for death.

Seeing that he had intimidated everyone, Yang Tiancheng continued, "The family company now holds 38.9% of the group's shares. As long as it increases to 45%, Hengan Investment Company will never be able to successfully acquire it."

"I know you have some shares of the group in your hands. I don't ask you to lend them to the family company first. I only ask you not to sell them to Heng'an Investment Company. You must support the family at the shareholders' meeting and take back control of the group." "Master, tell me the benefits you can give to the contributors."

Yang Zhiyao frowned, thinking, "Old fox! Even at this time, he still wants to weaken my strength."

Yang Zhiyao was in a difficult situation, but he still had to express his position. After all, everyone was watching. If he didn't express his position, it would be difficult to deal with this crisis.

"The group has quite a few businesses that require changing agents. As long as your company meets the requirements, these businesses can be done by contributors," said Yang Zhiyao.

As a food and beverage production group, Yeo Hiap Seng Group can make a lot of profit every year just by being the agent of PepsiCo, not to mention its influence on the sauce industry in Southeast Asia and its independently developed beverage brands.

With this promise, the family members were eager to try, but the private equity they held was really pitifully small, after all, they had sold a lot of it some time ago.

Singapore opened its market, but Yeo Hiap Seng Group's share price was falling. It would be better to invest the funds in other companies, at least to make a small profit, or to cash out and expand the scale of its own company's operations.

As a result, the family received little support.

The Yang Jinglian family meeting had just ended, and Luo Qihong received the general content of the meeting.

That’s right, Luo Qihong asked Yuan Tianfan to bribe several members of the Yang family and let them keep in touch with each other.

"Hmph! They only cared about the internal fighting and forgot about the danger from outside. Yang Tiancheng is a veteran after all, but he still made such a mistake." Luo Qihong said with a smile.

Yuan Tianfan smiled and said, "Yang Tiancheng's ability was originally insufficient, otherwise he wouldn't have been unable to take down his nephew Yang Zhiyao for so long."

"Since they have already discovered it, let's notify Wan Guo Bao Tong International and let them announce the acquisition plan." Luo Qihong said. There is no point in dragging it out. This is a serious major acquisition case and there can't be too much playfulness.

"Yes, I will notify Wan Guo Baotong International immediately." Yuan Tianfan put down the red wine glass and walked out quickly.

Looking at Yuan Tianfan's back, Luo Qihong restrained his smile. He paid a considerable price for this acquisition. It seemed easy, but he lost a Tsuen Wan Plaza just to deal with the strong enemy Huang Tingfang.

If it were someone else, I believe it would be difficult to deal with Huang Tingfang. After all, Huang Tingfang has a different feeling for the sauce and beverage industries, which were the industries that made him rich.

With the addition of the indigenous Huang Zuoyao family, only a "greenhorn" like Luo Qihong would dare to challenge the authority of the Huang Zuoyao family. If it were anyone else, Huang Zuoyao would simply ignore them, let alone sell the shares of the Yeo Hiap Seng Group.

After the successful acquisition, Luo Qihong still needs to deploy troops and deal with all the "outliers" within the Yang Xiecheng Group. Now he has to start planning.

Tuesday, May 10th.

Singapore's Citibank International, on behalf of Hengan Investment, announced the acquisition of Yeo Hiap Seng Group at S$2.1 per share, which is a 1% premium. It also announced that Hengan Investment currently holds 39.1% of the shares.

Such a feat caused even greater sensation than the previous acquisition of Swire Properties. Reporters in Singapore began looking for friends and colleagues in Hong Kong to ask for Luo Qihong's specific background information.

(End of this chapter)