Chapter 783 Yang Ming Officially Swallowed up Hong Kong's Third Largest Foreign Company Wheelock

Chapter 783 Yang Ming officially swallowed up Wheelock, the third largest foreign company in Hong Kong!

Wheelock headquarters.

Chairman's office.

John Ma Deng has been looking out the window with worry.

Wheelock's annual profit fell from a peak of HK$1.5 billion in 1981 to HK$100 million in 1982, a difference of HK$1.4 billion. Now, due to the shipping industry, it has tens of millions of dollars in debt.

Most importantly.

Now the Zhang family, the largest shareholder of Wheelock, is no longer willing to cooperate with him.

At this moment, John Ma Deng, who is already 64 years old, suddenly felt very tired and suddenly had a desire to quit.

In 1976, he wanted to sell all his shares in Wheelock, but at that time, the real estate in Hong Kong suddenly improved, and he was reluctant to sell it, until now.

If the Zhang family still supports him as before, he might want to keep doing it. Now he is old, and he is mainly developing the shipping industry and the losses are so great. The shipping industry has not developed at all, and the real estate in Hong Kong is in crisis again.

Now Wheelock's main business is real estate and shipping, but it is completely dragged down by these two industries.

Now Wheelock's stock has fallen to more than three yuan, which he never dared to imagine.

"Knock knock!"

There was a knock on the door.

When John Ma Deng went to open the door, he found that it was his female secretary who came to see him with someone he could not imagine alone.

"Chairman, Mr. Miles wants to see you."

Miles?

John Ma Deng certainly knows that he is the second-in-command of the Empire Group and a truly powerful person.

"Mr. Miles, are you coming over?"

"Mr. Miles, I have something very important to tell you."

After Miles came in.

The female secretary went out and closed the door.

Merritt knew that John Malden and his father George Malden were not real Anglo-Saxons. He was the same as the Kadoorie father and son of the Kadoorie family, both of whom were British Jews.

In other words, in fact, the other party was Jewish.

Because they were British, Wheelock & Co. was counted as one of the four major foreign companies in Hong Kong.

"Mr. Malden, I wonder what you want to say?"

"Mr. Malden, I came here for Wheelock shares this time. Now the Zhang family has agreed to sell all Wheelock shares to the Empire Group."

Come for Wheelock shares?

John Malden was a little shocked.

Soon he felt it was normal.

Sir Yang of the Empire Group started a series of acquisitions under his witness, and successively acquired Wharf, Hutchison Whampoa, and even Jardine Land.

Especially when the Empire Group acquired Hutchison Whampoa from Huifeng Bank and Shen Yi, he saw Sir Yang in person.

At that time, he felt that Sir Yang was not simple.

Especially when he looked at his eyes.

Now it is still to take action against Wheelock.

If it was before 1981, John Macden would not have sold Wheelock to anyone, including Sir Yang and the Empire Group.

Now he did not expect that Wheelock would fall to this level in his hands.

"Has the Zhang family sold the shares to you?" John Macden asked.

"Yes, Sir Yang has personally met Mr. Zhang Yuliang."

"Then why didn't Sir Yang come to see me?"

John Macden smiled.

At first, Yang Ming still greeted him respectfully. However, when Yang Ming swallowed up Hutchison Whampoa, John Macden began to be vigilant.

"Mr. Macden, it's like this, my boss said that he is Chinese and it should be easier to talk to Mr. Zhang Yuliang. We are both white, so let me come to see you."

John Macden nodded.

John Macden also praised Sir Yang's series of acquisitions over the years. He felt that Sir Yang was better at doing business than the Jews.

"Mr. Ma Lisi, how much money do you want to pay for my shares?"

Since the Zhang family has agreed to sell Wheelock's shares to the Empire Group, it means that the Empire Group will definitely swallow Wheelock.

This is something that no one can fundamentally change!

In that case, why should he deliberately make things difficult for Sir Yang and the Empire Group and cause unnecessary trouble for himself?

"Mr. Ma Deng, regarding the share price of Wheelock, we are willing to offer A shares at HK$5.5 per share and B shares at HK$0.55 per share. If you think it is not high, I can decide to raise the share price to 6.0 per share for A shares and 0.6 per share for B shares."

5.5 Hong Kong dollars per share?

According to the current drop of Wheelock's shares to HK$3.3 per share, the purchase price offered by the Empire Group is not low.

If the Empire Group acquires in the secondary market, there will definitely be a large number of investors who will sell Wheelock's shares to the Empire Group.

"Mr. Ma Lisi, then sell Wheelock's A shares to the Empire Group at HK$5.5 per share."

Ma Lisi was not surprised.

This is indeed the best opportunity to acquire Wheelock & Co.

Now not only the Zhang family is going to sell, but John MacArthur is also going to sell.

When John MacArthur agreed to sell Wheelock & Co.'s shares to Empire Group and Sir Yang, he was relieved.

At this time, Wheelock & Co., unlike Chen Songqing's Jianing Group, is also a mess. In addition to debts, there are many other problems.

John MacArthur sold Wheelock & Co. to Empire Group, so he doesn't have to worry about those things anymore, but can get a higher share price than now, and he is already very satisfied.

"Mr. Malice, wish Sir Yang good luck."

John Horse Stool said.

"Thanks."

. . .

When Merith returned to the Empire Group, he found that his boss had returned.

In the chairman's office.

"Boss, I didn't expect that John Horseman would sell Wheelock's shares to us so easily." Melis asked in disbelief.

This is the third largest foreign company in Hong Kong. Wheelock and Company is no ordinary company!

But that's the way it is now.

"Maili Si, Zhang Yuliang also agreed to sell us his shares."

Yang Ming feels that it may have a lot to do with the current real estate crisis in Hong Kong, the stock market crisis, and even the economic environment in Hong Kong.

"Boss, congratulations on swallowing up a large Xiangjiang group again."

Melis was also very excited.

Lin Xiuzhi on the side was stunned.

She never expected that the boss would swallow up Wheelock & Company, the third largest foreign trade house in Hong Kong, so quickly.

. . .

February 9, 1983.

The twenty-seventh day of the twelfth lunar month.

Wednesday.

On behalf of Empire Group and the Chang family, John Horseman signed contracts to acquire all of their shares in Wheelock respectively.

Wheelock & Company's A shares were purchased at HK$5.5 per share, and B shares were purchased at HK$0.55 per share.

Among them, the John Horseman family owns 21.035 million Wheelock A shares, accounting for 6.7%, and 53.549 million Wheelock B shares, accounting for 22.7%.

All combined, the effective control rights are 13.5%.

The Zhang family owns 13.855 million Wheelock A shares, accounting for 4.4%, and 115 million Wheelock B shares, accounting for 48.9%.

The total effective controlling stake is 23.5%.

The effective controlling shares of the Zhang family and John Ma Shi now add up to 37%. However, before that, Yang Ming had already asked people to buy stocks with an effective controlling stake of about 8%.

After calculation, the effective controlling stake of Imperial Group and Yang Ming in Wheelock & Company is already 45%.

Less than 49%.

In fact, no one can compare with the Imperial Group.

Now the Imperial Group only needs to buy some more stocks from the secondary market, and the effective controlling stake reaches more than 49%, and it will have completely controlled Wheelock & Company.

Chapter Four!

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