Chapter 1008 Eat the Big Cake of the Privatization of British Telecom
Facing Jason Gregg's worries, Xia Yu smiled lightly and said nonchalantly, "Jason, you don't have to worry about this, I have made a comprehensive plan, and you can just follow what I said."
Jason Gregg was stunned for a moment, then nodded thoughtfully: "Okay."
Next, Xia Yu asked Jason Gregg to take him around the company for 20 minutes, focusing on what he said about the strategic plan for foreign mergers and acquisitions expansion. In general, what he saw and heard in all aspects made him Quite satisfied.
Before leaving, Xia Yu made a point to Jason Gregg: "Jason, when implementing the M&A expansion plan, if it is determined to be a high-quality potential company, on the premise of not violating the company's main development model, you can be bolder. Strive to become a first-class insurance company in Asia within three years, and if the funds are not enough, you can apply to me, provided that your application can stand the test.”
Jason Gregg's face flashed with joy, and he nodded quickly and replied, "Thank you, Chairman, I will follow your instructions!"
"Um!"
"Go back, I'll come back when I have time."
After finishing speaking, Xia Yu got in the car and closed the door, then the car started and drove away from Jiuding Insurance Co., Ltd., leaving behind Jason Gregg, who was full of fighting spirit.
After leaving Jiuding Insurance Co., Ltd., Xia Yu did not return to the group headquarters, but went to Xiangjiang Telephone Company to inspect and guide the work.
In terms of business development, he only made one request, that is, not to compete with Dadong Telecom's Hong Kong Branch for the time being, and focus on optimizing and improving its own business.
The reason for this request is that a part of Dadong Telecom's Xiangjiang branch already belongs to him.
Yesterday afternoon, Xia Yu received a good news call from George Berkeley in London, which was about the privatization of Great East Telecom, which he reported nearly a month ago.
Just yesterday afternoon, the British Parliament finally passed the plan for the privatization of the British Dadong Telecom Company, and a total of 51% of the shares were sold to private capital.
And the equity distribution has already been decided in secret, and Xia Yu has become the most profitable party.
Of the 51% of the shares released by the British government, Bright Fund took 7%, Standard Chartered Bank took 12%, and Barings Bank took 20%.
The remaining 12 percent of the stake was taken by other families.
There are many reasons why Xia Yu's side was able to take so much.
The first is that Duke Howard and Prince Philip are powerful, and they have directly cleared away political obstacles. Even with their connections, possible obstacles have become help.
The second is that the Bright Fund itself has a huge influence in the upper echelons of the UK, and George Berkeley managed it in place according to Xia Yu's entrustment.
The third is the high bid! Bright Fund and Standard Chartered Bank offered the highest prices, and they submitted a highly operational reform and management plan, which made the British government very tempted.
Therefore, the Bright Fund and Standard Chartered Bank were able to obtain a total of 19% of the equity of Dadong Telecom, which is already the limit that the two can directly obtain.
As for Barings Bank, which took the biggest cake, although it bought the largest 20% stake, it was the smoothest.
Who made the Bank of Barings have two mountains, Duke Howard and Prince Philip?
Therefore, in the face of such a telecommunications company that has a huge influence in the existing or original colonies in the UK, but has little influence in the UK and is still on the verge of loss, the major families in the UK have not reached the point where they must compete. .
When George Berkeley announced the good news to Xia Yu, Rao was still excited by Xia Yu's calm attitude.
The telecommunications field is a very important part of the public service field, and its influence is unquestionable. Although the main business of Dadong Telecom is not in the United Kingdom, how could he who is familiar with the reform of the British telecommunications field in his previous life do not know how big the opportunities will be in the future?
In addition to being of great significance, the shareholding ratio is also a reason for Xia Yu's joy.
Although Standard Chartered Bank is not wholly owned by him,
However, the secretly accumulated shareholding ratio has also reached 84.6%, and he has absolute control, so the 12% of the shares won by Standard Chartered Bank is in his pocket.
Needless to say, the 7% stake acquired by the Bright Fund.
As for Barings Bank, Bright Fund holds 20% of the shares, and then Jiuding Bank holds 25% of the shares. In fact, Xia Yu holds a total of 45% of the shares.
Therefore, the 20% of the equity that Barings Bank took this time is actually 9% owned by him after conversion.
The simple addition of the three figures shows that he has won 28% of the equity in the privatization of Dadong Telecom, accounting for more than half of the cake.
After listening to George Berkeley's announcement yesterday afternoon, Xia Yu knew that the long-awaited time to completely monopolize the Hong Kong telecom market had come.
Xia Yu instructed George Berkeley to immediately carry out the second phase of the plan, that is, to find a way to let Dadong Telecom spin off the Xiangjiang branch.
As long as it succeeds, the Bright Fund will be able to hold 45.7% of the equity of Dadong Telecom and become the actual controller.
Of course, Xia Yu was not satisfied with this shareholding ratio, so he planned to start with the stock market.
Because of Wang Qi's heavy work tasks recently, Xia Yu assigned the task to Jason Gregg of Jiuding Insurance Co., Ltd., and only came out this morning.
After deploying the mission, Xia Yu put his focus back on the layout of the aviation industry.
On the fifth day after Cathay Pacific convened the extraordinary board of directors, the extraordinary general meeting was held again.
The Shi Yahuai family knew that they could no longer be obstructed here, and it was a guilt to participate in, so this time, Swire Airlines did not send a representative to come here, which made all the reporters regretful.
The private placement of the proposed vote naturally passed smoothly.
After passing, it is immediately submitted to the China Securities Regulatory Commission for approval.
According to the current "Securities Law" of Hong Kong, unlisted companies do not need to be approved by the China Securities Regulatory Commission for private placement of shares.
But who made Swire Pacific, the parent company of Cathay Pacific's parent company, a public company?
With this relationship, the approval process of the CSRC cannot be avoided.
The Shi Yahuai family just wanted to see if they could make a comeback in this segment.
But Xia Yu had long considered this point, so the share price for Cathay Pacific Airways during the private placement was 1.8 billion Hong Kong dollars instead of 800 million Hong Kong dollars, just because the net assets of Cathay Pacific Airways were about 1.72 billion Hong Kong dollars.
As long as the valuation is not lower than the net assets, then the face of the China Securities Regulatory Commission can be justified, and the rest is to see their own magical powers.
At this point, Xia Yu had already made all preparations.
Therefore, when Cathay Pacific's private placement plan was submitted to the CSRC, it would normally take three to six months for the review to be completed. The approved plan is legal and reasonable, and can be implemented.
After getting the approval, Weili immediately implemented the plan, and the share capital of Cathay Pacific Airways changed from 200 million shares to 300 million shares!
Jiuding Industrial Group's shareholding in Cathay Pacific has finally increased to 69.33% on paper!
After Wery's action was successful, Wang Qi, who had been prepared for a long time, immediately ordered another takeover offer to Swire Airlines, and the takeover offer finally reached Wade Shi Yahuai.
Today is different from the past. Wade Shi Yahuai, who has been undecided, can only rush back to the family with the takeover offer, find his uncle Norman Shi Yahuai, and report the matter to him.
Mount Taiping, the lobby of the Kadoorie family mansion.
"Uncle, Xia Yu is extremely greedy, and now he has launched an acquisition from us, what should we do?"
Wade Shi Yahuai looked at his uncle solemnly, wanting to know his decision.
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