v3 Chapter 813： If you don’t know anything, then **** him

"Roland, what you do is nothing like what an old friend should do."

Norman Shi Yahuai said with sharp eyes like a knife.

Now that it is clear that Xia Yu is going to establish Xiangjiang Telephone Company, Roland Kadoorie exchanged shares with him, which not only improved his self-insurance capability, but also greatly increased the control of China Light and Power Co., Ltd., and transferred all the pressure to Swire Group. Body.

All the benefits have been given to Roland Kadoorie, but he is carrying the pressure. Where is there such a good thing in the world?

Really think that the leader of the alliance is back to resist the pressure?

Roland Kadoorie didn’t seem to see Norman Shiyahuai’s anger, and said with a smile: “Norman, after all, HeungKong Telephone Company is operated and controlled by Swire Group. No matter what, Xia Yu will find you. If the equity I hold is transferred Given the Swire Group, your control over HeungKong Telephone Company will be greatly enhanced, isn't it?"

"Share swap is beneficial to both of us and it is definitely a win-win situation."

On the face of it, this is indeed true.

But if this is the case, then it is clearly the pressure that both parties have to bear, and it will be borne by the Swire Group. The pressure on the Swire Group will be even greater!

Therefore, Norman Shi Yahuai said indifferently: "Although we say that, since we are allies, we naturally have to advance and retreat together. As long as you don't sell the equity, it will be the same in your hands as in my hands."

"Roland, I believe you will abide by our agreement."

"As for you are worried that Xia Yu will move China Light & Power Co., Ltd., you don’t have to worry about it. His target is Hong Kong Telephone Company. Even if you really intend to move China Light & Power Co., Ltd., you hold 34% of the shares and we hold 100% of the shares. Eleventh, we hold a total of 45% of the shares. It is impossible for him to secretly acquire enough shares."

"If you acquire the equity held by Swire Group, then you have to initiate a tender offer to all shareholders. Now the market value of China Light and Power Co., Ltd. is close to 1.9 billion Hong Kong dollars. Are you sure you can spend that much money?"

Facing a series of sharp rhetoric by Norman Shi Yahuai, Roland Kadoorie was speechless.

The truth is true as Norman Shiyahuai said.

According to the regulations of the Hong Kong Stock Exchange, if a listed company’s majority shareholder holds more than 35% of the shares, mandatory rules will be triggered, requiring it to initiate a takeover invitation to all shareholders for a full-scale takeover. Of course, it can also apply for an exemption, but those who apply for exemption It's too difficult!

If 50% of the shareholders accept the invitation, they can purchase the shares sold by any shareholder at the agreed price; if the purchase exceeds 75% and the tradable shares are less than 25%, and the listing requirements are not met, they will be forced to delist; if the shareholding ratio is More than 90% have the right to compulsorily acquire shares in the hands of any shareholder.

Of course, the above situation is that the equity is clearly concentrated under the name of a major shareholder.

Before Xia Yu, they used to buy secretly through separate accounts. No account would exceed 5%, and there was no need to publicize the shareholding ratio. The control of some acquired companies was really unknown, and the official could not find it. , These rules cannot be activated.

Therefore, Roland Kadoorie can also re-register the company and hold it as a shell company that is ostensibly unrelated to it, so that it can avoid triggering the rules, otherwise it will have to initiate an acquisition from all shareholders.

That’s why, many of the largest shareholders in Hong Kong’s listed companies have a shareholding ratio of about 34%, and the highest ratio is 34.9%, just to get the exemption in case of uncertainty. The right and the ability to acquire the company guarantees control of the company.

Having said that, now that Norman Shiyahuai is talking about this, it is not easy for Rolandz Kadoorie to propose the acquisition of the shares of China Light and Power Co., Ltd. held by Swire Group, otherwise it will be a distrust of Norman Shiyahuai. , Distrust of the alliance between the two parties.

Because of the power gap, without the alliance relationship, the Kadoorie family suffered even more.

The ability of the Swire Consortium to resist the Jiuding Consortium does not mean that his Kadoorie family has this confidence.

"OK, Norman, then I hope we can support each other on our respective boards." Roland Kadoorie pretended to smile easily.

Norman Shiya said with a smile: "Of course, I will always give the most firm support to allies."

Next, the two chatted for a long time before Roland Kadoorie chose the opportunity to leave.

Watching Roland's Kadoorie's car go away, Norman Shi Yahuai sneered, eyes full of indifference.

Today, Roland Kadoorie came to the door, making Norman Shiyahuai feel worthless for his previous attitude.

As the leader of the alliance, Norman Shiyahuai intends to take responsibility, just to prevent the British capital from being defeated by everyone, so there is no need for Roland Kadoorie to say more, he will resist the pressure, but the premise is that other people don’t stabbed behind. The knife betrayed him.

Now Roland Kadoorie wants to shed the pressure, and this attitude makes Norman Shiyahuai doubt his true thoughts.

The next step is to see how Roland Kadoorie made his decision. It was a test for him, and a test for the Hong Kong British-owned Alliance in a true sense.

If Rolandus Kadoorie does not sell the shares of Heung Kong Telephone Company, but instead provokes Xia Yu's revenge, then he will try his best to support the Kadoorie family.

With the lessons learned from the Jardine Consortium and Hutchison Whampoa, Norman Shiyahuai has long been a successor and secretly strengthened his control of the Swire Group by several levels. This is how he flew back to the UK in the second half of last year and the first half of this year. The results.

Therefore, judging from the current strength of Xia Yu, the Taikoo consortium under his control is not necessarily afraid of Xia Yu's Jiuding consortium.

If Roland Kadoorie sells his shares in Xiangjiang Telephone Company to Xia Yu, he will also give up fighting Xia Yu and directly give up the shares of Xiangjiang Telephone Company.

Anyway, this company is not the core of the Swire Consortium, and because of market reasons, relying on its monopoly advantage, its revenue capacity is far less than that of other industries such as real estate, aviation, and beverages. It would be a pity to sell it.

But if this happened, then what trouble the Kadoorie family has encountered since then, and wanting the help of the Taikoo Consortium would be wishful thinking.

It can only be said that interests are involved, and the alliance's relationship has become extremely fragile. It depends on whether it can withstand the test of storms and waves.

...

After Roland Kadoorie returned, he spent two hours quietly pondering at home, and finally decided to unite with the Swire Foundation.

Now the Kadoorie family's industry is in direct competition with Xia Yu's Jiuding Consortium in many respects, and it is destined that the two parties cannot become friends.

In Roland's Kadoorie's view, Xia Yu didn't bother him now, and he will definitely find him in the future. According to Xia Yu's rise, this is very likely.

Not to mention that his Kadoorie family is also in Kowloon, in the same area as Xia Yu.

At present, it seems that the first British-owned family in Kowloon is his Kadoorie family, and the first Chinese-funded consortium is Xia Yu’s Jiuding consortium. There is no room for two tigers, and it is difficult to think of conflicts.

Since conflicts are destined to occur, his Kadoorie family is definitely not head-on, so it is better to hold onto the Taikoo consortium from the beginning, instead, there is a glimmer of life.

"On the China Light and Power Co., Ltd., as long as Norman Shiyahuai can do what he said, I don’t need to worry. Now the focus is on the Hong Kong Shanghai Hotel Group. I must first stabilize Liang’s house and I must raise enough funds. ..."

Roland Kadoorie took a deep cigar, narrowed his eyes, and thought to himself.

Although he is now the chairman of the board of directors of the Hong Kong Shanghai Shanghai Hotel Group, it seems to outsiders that the hotel group belongs to his Kadoorie family, but in fact it is not the case.

It's just that in the past few years it has been his Kadoorie family's turn to serve as the chairman of the board of directors. The Kadoorie family holds only 16.7% of the shares and is the second largest shareholder, mainly responsible for operating hotels and related businesses.

The largest shareholder is the Liang Chang family, the founding family of Hang Seng Bank, with a shareholding ratio of 31%. Now Liang Zhonghao, the second generation of the Liang family, has entered the board of directors as the vice chairman. The Liang family is mainly engaged in the real estate business of the hotel group The two parties have a clear division of labor and work together to manage the Xiangjiang Shanghu Hotel Group. As for the chairman of the board of directors of the group, the two parties take turns to serve, that's all.

After thinking about it, Roland Kadoorie made a call to Liang's house. After confirmation, he set off again and took a small gift.

Although I don't know why Roland Kadoorie was so upset, the Liang family still promised not to sell the equity.

Two days later, when Wang Qi came to visit again, Roland's Kadoorie's attitude became weird. He kept playing Tai Chi with Wang Qi, but didn't let go, and didn't even mention the price. The attitude of refusing to sell was undoubtedly revealed.

Seeing this situation, Wang Qi decisively stopped the negotiation and did not put aside the harsh words at the door. He just took a deep look at Roland Kadoorie before leaving, and saw his heart beating wildly.

After returning to the company, Wang Qi originally reported the situation to Xia Yu.

After Xia Yu listened quietly, he didn't have too many opinions, and only said two words-fuck him!