Chapter 1058 The Taikoo Consortium Finally Ended

"Hello, Chairman!"

"Well, hello!"

When he came to Jiuding Securities Company, Xia Yu saw a busy scene. In the greetings of employees, he found Wang Qi who was busy.

"Wang Qi, come to my office when you're done!"

Seeing that Wang Qi hadn't been so fast for a while, Xia Yu didn't let him stop, he told him, and left on his own.

First went to the operating room for a turn, and found that all the employees were fully committed to bargain hunting from the stock market. Xia Yu left with satisfaction and went to his chairman's office.

After drinking tea leisurely for about a quarter of an hour, Wang Qi came in with hasty footsteps.

"Chairman, I'm sorry to keep you waiting!"

Xia Yu smiled and shook his head to show that he didn't mind, and then asked, "How is the work going?"

Wang Qi replied, "It's all going well. I haven't encountered any major obstacles for the time being, and all the minor troubles have been resolved."

Xia Yu nodded slightly: "That's good!"

Then he immediately asked: "How about the equity acquisition sites of the four major stock exchanges?"

This acquisition work, Wang Qi put it in the first place, so there is no small result, facing Xia Yu's inquiry, he is not false at all.

He reported the results to Xia Yu in detail: "Chairman, at present, the four major stock exchanges have acquired a lot of equity. The gold and silver exchanges and the Kowloon exchange have made more progress, and the larger Far East Exchange and Heung Kong Exchange have made more progress. Exchange equity acquisitions are more difficult, but there are still a lot of achievements.”

"Currently holds a 19.2 percent stake in the Gold and Silver Exchange, an 18.5 percent stake in the Kowloon Exchange, a 13.3 percent stake in the Hong Kong Exchange, and a 10 percent stake in the Far East Exchange. 12.4 of the equity."

"The reason why Far East Exchange has acquired the least number is because its lead founder, Li Fuzhao, saw that we were acquiring and also acquired equity, which made our acquisition difficult."

Xia Yu nodded slightly and said indifferently, "Don't worry about Li Fuzhao. Although the Bank of East Asia has lifted the withdrawal crisis, a lot of funds have been withdrawn. Now the Li family has not much liquidity, and the Li family will not let him stay here. He can’t buy much, and it’s the same for us to buy more equity in the other three exchanges. Anyway, the last four will merge and the equity will be re-divided according to the size of the four exchanges.”

"The acquisition progress of the Heung Kong Exchange has been slower. The shareholders of this exchange are more British. Now that the British capital has retreated, they must all want to return to the United Kingdom. They can serve them with carrots and sticks."

Wang Qi couldn't help laughing, nodded and replied softly: "Okay!"

Xia Yu took a sip of tea to moisten his throat, and asked again: "What about in the founding committee of the United Stock Exchange? Is there any big trouble?"

Wang Qi smiled and replied with a relaxed expression: "When I first entered, I was intimidated by our power, and there was basically no apparent conflict or confrontation within the committee, which gave me and President Liu face, but Secretly, they are fighting passively.”

"It's just that after I acquired the shares of the shareholders of the four major exchanges and entered their internal board of directors, they also knew our tough attitude and recognized the situation, so the situation is relatively good now, and various tasks have been carried out. advance in sequence.”

"I have also learned a lot. The progress of the work is relatively slow. The main reason is that there are large differences in the construction of the system. There are many exchange templates in the United States and Europe for reference. Each has its pros and cons, and it is difficult to make a decision at a time.”

Xia Yu immediately understood, and said with a light smile: "Then do it first, I have been planning these days, I will come up with a guiding plan as soon as possible, and then focus on referring to my plan."

Wang Qi breathed a sigh of relief and nodded happily: "Okay!"

After learning about the situation, Xia Yu and Wang Qi ordered the acquisition of the assets of the Carrian Group, and asked him to send an excellent acquisition team to acquire the valuable assets of the Carrian Group together with Jiuding Bank.

Wang Qi of course accepted the task obediently.

After that, Xia Yu once again told him not to let go of the acquisition of Swire Group and other bottom-hunting plans.

He then left Jiuding Securities Company.

...

Time passes quickly, whether it is a weekday or a weekend, the stock market is open or closed, the Jiuding Consortium's bottom-hunting and acquisitions are advancing rapidly.

In the face of tens of billions of Hong Kong dollars of liquidity, no company can resist to the end, and companies are constantly being won.

The assets of Jiuding Consortium are growing rapidly!

In order to quickly end the stock market crash, MacLehose urged the Hong Kong High Court to close the case as soon as possible after finding out the facts.

On September 25, the court heard the financial fraud case involving a huge amount of money.

In order to give an explanation to the people of Hong Kong, and to make investors in Southeast Asia clear about the situation, MacLehose indicated that the Hong Kong High Court authorized Global Satellite TV to broadcast the whole process of the trial live.

Citizens are very concerned about this matter, and many people turned on the TV to watch the live broadcast.

Because the investigation was very clear, all the relevant parties were recruited. The key point is that Chen Qingsong himself later pleaded guilty and explained a lot of circumstances. During the trial, for the safety of his family, Chen Qingsong read all the true crimes to the judge. All the charges were claimed, and the judge finally sentenced Chen Qingsong to 25 years in prison, and all his assets were confiscated to pay off his debts.

Chen Qingsong announced in court that he had abandoned the complaint and pleaded guilty to the law.

Seeing this result, the audience in front of the TV applauded.

After the court hearing, the disposal of the assets of the Carrian Group officially started, and the hunters who were already eagerly waiting jumped out one after another.

But it is no surprise that all the assets that Xia Yu wanted were finally won by Jiuding Securities Company and Jiuding Bank, and the price paid was not high.

As for the debt of the Carrian Group, it has nothing to do with the assets he bought, and he does not need to bear it.

After the assets were obtained, Xia Yu ordered Chen Qingsong's wife, children and nephew to be released. After Chen Qingsong in prison got the news, he finally had a mind and went to jail honestly.

After the assets of the Carrian Group were acquired.

On October 15th, the Swire Consortium's asset competition finally came to an end.

The most important Taikoo Group in the Taikoo consortium was wholly owned by Xia Yu.

The most important Swire Properties Group was shared by Jiuding Property Group, while Swire Infrastructure, Swire Properties Development, Swire Hotels Management Co., Ltd., Swire Property Management, etc. were annexed by similar companies under Jiuding Properties Group.

The Taikoo Warehouse Company, a subsidiary of Swire Shipping Group, was also wholly-owned by Hutchison Whampoa, and its four ports were merged into Hutchison Whampoa Port Company, increasing the number of ports owned by Hutchison Whampoa Port Company from 17 to 20. One, occupying 87.5 percent of the twenty-four ports in Xiangjiang!

As for Swire Shipping Company, another listed company under the Swire Shipping Group, Xia Yu was not interested and did not compete for it.

In addition, Xia Yu also ate the Taikoo Agricultural Group and the Taikoo Ocean Development Company, which was just established in 1975.

In general, most of the assets of the Taikoo Consortium were taken over by Xia Yu's Jiuding Consortium.

Swire Financial Corporation, the financial core of the Swire Group, because most of the funds were misappropriated to acquire the stocks of the Swire Group, but many of the funds belonged to investors and banks, so all the assets were auctioned, and the Swire Financial Corporation was declared insolvent. collapse.

After the auction of the assets mortgaged by the banks of the Swire Group and the Shi Yahuai family, it was still not enough to offset the bank's debts.

Under the strong request of the banks, it is useless to let the Shi Yahuai family go through the relationship. The Hong Kong government prohibits the Shi Yahuai family from leaving Hong Kong. After paying off the assets they still own, it is possible to lift the ban if they are unable to repay.

Seeing the fate of the Shi Yahuai family and the Taikoo consortium, many people sighed.

The power of the Jiuding Consortium has reached a new height!

PS: The third update is sent, and 8,000 words are updated today! This chapter ends this episode, and a new episode starts next month, and another new month begins. Please guarantee the end of the monthly pass!

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