Chapter 486 Reactions and Responses from All Parties

Chapter 486 Reactions and Responses from All Parties

Chapter 486 Reactions and Responses from All Parties

"Their internal board of directors and management know it's us, right?" Yang Wendong said with a smile.

"We probably don't know yet, but I heard that they already suspect us because of the Kinmen incident," Fang Xianming replied.

Yang Wendong said: "Then tell them directly that I want a board seat and be tough. I also want to see if the Hong Kong government and HSBC will interfere or do something tricky."

Historically, Chinese capital was actually constantly testing the waters in the 70s, starting with the strong acquisition of some medium-sized British companies, and then gradually expanding;
It is the same for him today, but it is just a few years earlier. This is true for Kinmen and Whampoa. Relatively speaking, Kinmen is not that important to British capital. After all, it is just a construction company and a building in Central, while the Whampoa Group owns a port, although this port is now gradually declining.

Of course, the people from Kinmen Construction knew when to quit and made a semi-friendly sale, which would make it more likely that the British Hong Kong and British capital would have less objections. However, Yang Wendong would not make a hostile takeover when he could clearly make a friendly acquisition. Therefore, it now depends on the Whampoa Group. They just want a board seat so that they can retreat and defend or advance and attack.

Fang Xianming said, "Okay, Mr. Yang, besides, the Kinmen Group will also announce this matter soon, and the same is probably true for Huangpu. This may also have an impact on public opinion."

"This is inevitable." Yang Wendong didn't care and said, "If public opinion becomes strong, it can help us."

In 67, the British Hong Kong government was frightened, which made it easier for them to achieve their own goals. Once the bottom line of the British Hong Kong government was broken, they could only maintain a new bottom line.

"Yang Wendong's acquisition of Kinmen Group marks the beginning of Chinese capital's acquisition of British capital?"

"The Kinmen Group was acquired by Chinese capital, the Whampoa Group was asked to give up a board seat, is the British capital about to leave Hong Kong?"

"Yang Wendong targets British capital, what is his real purpose?"

Many Chinese and English newspapers have been reporting this incident crazily. Even on ordinary days, Chinese capital acquiring British listed companies is enough to make news, but now it is even more special. Is this just a business merger or is there some other reason behind it?
Another point is that the big companies originally wanted to make money from shareholders when they went public, but they didn't expect to be acquired by others at this time?
In an office in Admiralty, Pao Yu-kong watched the news and laughed, saying, "Mr. Yang, this really inspires us Chinese. This is the first time in Hong Kong's business history that someone has acquired a large British company."

It is not surprising for Chinese capital to acquire British capital. Many small British companies are poorly managed and are spotted by Chinese, so it is normal for them to be sold. However, this is the first time that a listed company like this has been acquired.

Another person said: "Yes, this is big news. It depends on what the Hong Kong government will do next."

"The Hong Kong government?" Pao Yu-kang said with a smile, "Under the current situation, they probably won't dare to be tough, but I think they will still protect British capital. Once this loophole is opened, so many British capitals in Hong Kong will be in danger. Especially a few years ago, in order to make money, many British capitals went public. Now they can't withdraw even if they want to."

The person next to him said, "Yes, it is not that easy to withdraw after listing. At this time, many British companies want to run away. Yang Wendong was able to successfully acquire the Kinmen Group. It is estimated that their shareholders want to leave. The same is true for Huangpu."

"Wait and see, I also want to know how the Hong Kong government will deal with this matter. If Yang Wendong succeeds, then maybe we can give it a try later." There was a hint of joy in Bao Yugang's eyes.

During this period, maritime trade was so profitable that a large amount of money fell into his pocket like a waterfall, especially the several supertankers he bought with funding from HSBC in the early days, which are now being snatched up by several European, American and Japanese companies.

With sufficient funds, on the one hand, he was still investing in the purchase of ships. On the other hand, if there was an opportunity, he would not mind acquiring some ships or even entire companies from British-owned shipping companies in Hong Kong. Although Chinese shipowners have risen over the years, British capital still accounts for a large share.

The person next to him said, "I also hope that Mr. Yang can succeed, but I feel that he should pay more attention to Huangpu. Once he becomes a director, it is possible that he will take the next step."

"Yes, he has also invested in the docks now, and he really needs Huangpu more." Bao Yugang nodded and said, "But the port and docks are a wing of British capital. If they really want to acquire them, it will probably be very difficult."

"It depends on how Mr. Yang responds. He now has enough confidence to fight against the British Hong Kong government." The person next to him also said.

Bao Yugang smiled and said, "That's right. This is the benefit of controlling employment. If he is dissatisfied, he will relocate some factories and thousands or even tens of thousands of people will be unemployed. The British Hong Kong government will be in a state of panic."

North Point, Hong Kong Island:

Li Jiacheng looked at the newspaper in his hand and said with a smile: "My guess is right. When Yang Wendong's business grows to a certain size, he will definitely find a way to acquire British companies. These British companies have too many high-quality assets, but their own management is very poor. They don't deserve this wealth." "You really understand Yang Wendong." Zhuang Yueming said with a smile while bulging her 8-month-old belly.

Li Jiacheng shook his head and said, "It's not that I understand Yang Wendong, but I understand the mentality of capitalists. When the scale is large, they must expand. In fact, Yang Wendong is the least anxious among the Chinese capital to swallow up the British capital, because his capital can expand overseas, and the rest of us Chinese do not have this condition.

It’s just that Yang Wendong’s success overseas has enabled him to expand rapidly, and now he is the first to target British capital.”

"Then what are you thinking about?" Zhuang Yueming asked again.

Li Jiacheng smiled and said, "I have also taken a fancy to some British companies, but none as big as Kinmen. They also have a lot of empty warehouses. The prices are very cheap now. As long as I succeed in acquiring them, when the real estate market recovers in the future, the profit will be more than ten times."

"Aren't you afraid? What do you think failure is?" Zhuang Yueming asked.

Li Jiacheng shook his head and said, "No, there is no essential difference between Hong Kong in 1949 and Hong Kong today. I believe it will remain the same."

At this moment, many Chinese bosses are also paying attention to this matter. Whether it is Kinmen or Huangpu, they are actually medium-sized British capital and are nothing. However, the nature of this matter is completely different.

Similarly, many big bosses of British companies also began to take action. Although the incident had not happened to them yet, they also knew that if they acquiesced, it would be hard to say who would be the next one. Thirdly, even if this incident could not be stopped, everyone could still discuss a countermeasure.

The Governor's Office also secretly convened many British meetings;

In the conference room, more than twenty foreigners surrounded the conference table, and a few people were sitting outside the conference table. But even for them, any British-funded enterprise they controlled had tens of millions of capital.

When the Governor of Hong Kong, David Trench, came in, everyone stood up. David Trench waved his hand and said, "Sit down."

After everyone sat down, Trench looked directly at Coaster of the Kinmen Group and Edward of the Whampoa Group, who were sitting in the middle, and asked, "Coaster, Edward, can you two tell me what's going on first?"

The others also looked at the two of them. Normally, these two people would not sit in the middle, but today they were the protagonists, so it was naturally different;

They were suddenly shocked when they received the news two days ago, and began to discuss with each other, but it was just an internal discussion among those who had good relationships. It was not until today that the Governor of Hong Kong came forward that they all came together.

Coster said: “Mr. Governor, everyone, I also received news less than a week ago that someone was contacting many shareholders of Kinmen with the intention of purchasing shares. They also offered US dollars or British pounds in foreign exchange, and all shareholders who were willing to sell sold their shares.

Then Yang Wendong approached me and told me directly that he already had 30% of the shares and wanted to acquire Kinmen Group. I originally refused, but later when I convened the board of directors, I found that many shareholders and even directors also partially agreed to sell their shares or accept the capital increase from Changxing Group, so I had no choice but to hold a vote, and then it was passed. "

Edward followed up, “My experience is similar to Coaster’s, but a little simpler. Someone from Changxing Group approached me and said they had 16% of the shares and wanted a board seat;
This is stipulated by law, and I cannot resist the law, so I can only agree. However, I still delayed the board meeting on the grounds that not all directors are in Hong Kong, but it can only be ten days at most, which is also stipulated by law. "

After listening to this, HSBC senior banker Sanders said, "It seems that Yang Wendong has been doing this for a long time. He has also been slowly acquiring shares. Some time ago, Hong Kong stocks plummeted across the board, and many people sold their stocks in a panic, which gave him a good opportunity."

"This is not important. Even if he can gradually acquire shares on a normal day, once it goes public, it will be absolutely unsafe unless we have enough shares in our hands." said another British ghost.

"Yes." Many people started discussing again.

On the other hand, British companies such as Jardine Matheson, Wheelock, Swire, HK Electric and the Kadoorie family don't care too much. They are large in scale and have certain control over stocks, so they are not worried at all. And most importantly, they are the core of British capital. Even if Yang Wendong becomes extremely wealthy one day, can he defeat the Hong Kong government?
Finance and power can have an equal dialogue because power gives finance this opportunity. In order to stabilize Hong Kong and stabilize the interests of British capital, the Hong Kong government has given Chinese capital certain rights and freedoms. If it really threatens the core interests of British capital, it will definitely not work. Unless the British Hong Kong is replaced by a greater power.
Trench also acquiesced to the discussion and then said, "Everyone, please be quiet for a moment. Sanders, how do you think this matter should be handled?"

Sanders paused and said, "This matter is already done. We can't deal with it forcefully. It's better to negotiate with Yang Wendong."

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(End of this chapter)