Chapter 969 Tossing the Kadoorie Family

(The symbol is missing from the end of the previous chapter, orderly should be changed to "organized", the semantics should be opposite, see the specific reasons later)

After sitting down, Xia Yu asked directly, "Is the Kadoorie family doing something?"

He remembered that the Kadoorie family still owned 34% of the equity of Chunghwa Electric Power Company before, and his party's cumulative shareholding reached 62.4%.

Except for him and the Kadoorie family, the other tradable shares are only about 3.6%.

Chunghwa Electric Power Company's status as a listed company has already existed in name only.

It's just because Xia Yu's shareholdings are scattered, it is difficult to define, and these companies of Xia Yu are not original shareholders, so they are not qualified to ban China Electric Power Corporation as a listed company.

The reason why Xia Yu chose not to delist is that Xia Yu has a deeper consideration, that is, by using his status as a listed company to make things bigger, it will reduce the difficulty of acquiring the equity of the Kadoorie family in the future.

Because the Kadoorie family holds 34% of the shares of Chunghwa Electric Power Company, and they are not willing to let go, there is a lot of attitude that Xia Yu is not allowed to do his best.

Therefore, no matter how hard Xia Yu tried, he couldn't increase his shareholding ratio to more than two-thirds. As a result, Xia Yu couldn't cover the sky with one hand on the board of directors, and many methods of diluting the Kadoorie family's shareholding ratio were not available.

Because the Kadoorie family has a veto power on the board of directors with 34% of the shares.

Therefore, when it comes to the company's critical survival or major matters, as long as it needs to be discussed by the board of directors, the Kadoorie family can get stuck.

However, the Kadoorie family was able to barely maintain the final face when the board of directors made a resolution.

For example, the general meeting of shareholders has been controlled by Xia Yu.

Taking control of the general meeting of shareholders, Lawrence Kadoorie was directly kicked off from the position of chairman, and in the appointment of chairman and vice chairman, all the nominations of the Kadoorie family were rejected.

Of course, because Xia Yu's side also accounted for less than two-thirds of the board seats, Xia Yu's side only had an advantage and could not decide with one word, resulting in the position of chairman of the board being vacant.

The board of supervisors was also controlled by Xia Yu.

To sum up.

Since Xia Yu acquired Chunghwa Electric Power Company, the internal struggle of Chunghwa Electric Power Company has not stopped for a moment. According to Xia Yu's instructions, Zhao Bo directly used the seven wound fists to exchange wounds for wounds, making the Kadoorie family miserable.

Facing Xia Yu's question, Zhao Bo nodded and said, "Yes, the Kadoorie family can't hold on anymore. I think they have a high possibility of opting out of Chunghwa Electric Power Company."

Xia Yu suddenly became interested: "Tell me the details."

Zhao Bo said: "Now that China Power Corporation has become famous in Hong Kong, many people know that the internal struggle within the company is fierce, and the scope of the struggle covers the shareholders' meeting, the board of supervisors and the board of directors, and the company's internal personnel changes are also very large. affect the operation of the company.”

"...In order to dilute the equity of the Kadoorie family, I have been proposing to increase investment, such as purchasing new equipment and power grid transformation, and proposing to raise 60 million Hong Kong dollars by private placement; another example is to build a new natural gas power plant, and propose private placement to raise funds. 200 million Hong Kong dollars; enter the Australian electricity market, propose a private placement of 200 million Hong Kong dollars, etc.”

"Every time the Kadoorie family rejected the proposal, and every time I found an opportunity to spread the news."

"The big plan needs to be discussed and decided by the board of directors, but in some smaller aspects, I can directly decide that many of the company's interests and assets have been transferred to the Hong Kong Electric Lighting Company at a low price in a reasonable way. The Kadoorie family already knows that,

But can't find the handle. "

"...So in the case of losing management rights, the Kadoorie family can only watch their own interests suffer a little bit."

"The company's stock price has continued to fall because of the continuous exposure of negative news. It has now dropped to about half of its normal level. It has been rated as junk by many institutions, and the equity held by the Kadoorie family has been locked up."

"I don't think anyone dares to take over except us. I have inquired about it. The Kadoorie family wanted to take the equity pledge loan of Chunghwa Electric Power Company, but they were all rejected by the bank and greatly reduced the price..."

Listening to Zhao Bo gushing about how he "runs" the company, Xia Yu gave him a praising look.

These things Zhao Bo did were indeed privately explained by Xia Yu.

There is no way, who made him want to buy the equity of the Kadoorie family, but he has closed the door of the Kadoorie family several times, giving him no room for negotiation.

In desperation, Xia Yu could only use other methods, such as what Zhao Bo said above.

Although this method is sinister, it is a good method to deal with the Kadoorie family.

In his previous life, Xia Yu had seen many such scenes. Major shareholders harmed small shareholders and ordinary shareholders, directly tossing a good company to a loss, and then transferring assets at a low cost. After the goal was achieved, the company immediately returned to health.

That is to say, the Kadoorie family is stuck in the shareholding ratio and does not allow Xia Yu's side to control more than 66.7%.

If there is more than two-thirds of the equity, why is it necessary to have such trouble, and control the board of directors to directly drive Ma Qiang to eat the Kadoorie family, then it will be efficient!

But after struggling for so long, it seems that the effect is good, and the attitude of the Kadoorie family has softened, and it is indeed possible to act.

"Zhao Bo, you continue to test the attitude of the Kadoorie family. If you think that the heat is not enough, then persecute them. Your task is to continue to sing the black face, but you must be careful, and be careful not to leave a handle on yourself. "Xia Yu commanded with a smile.

"As for the acquisition of their equity, I will arrange for someone else to do it, and someone will contact you at that time."

Zhao Bo responded respectfully: "Okay!"

Next, Xia Yu asked some more questions before sending Zhao Bo away.

...

Two days later, Xia Yu suddenly received an invitation from Bao Yugang and asked him to come to his house for dinner, and Xia Yu went to the invitation.

When Xia Yu came to Bao Yugang's house, he found that there was no one other than Bao Yugang and his family. He asked curiously, "Old Bao, just the two of us? Why didn't Lao Huo call him? "

Bao Yugang explained with a smile: "Why didn't I call him, but unfortunately he went to the United States for something, and he couldn't come back for a week. I'll call him next time when I have a chance."

Xia Yu understood and said with a smile: "Then Lao Huo has no luck tonight. I will tease him next time when he comes back..."

After chatting for a while, dinner was ready.

During the meal, Xia Yu and Bao Yugang mainly chatted about some interesting things.

The real talk is at the tea table after dinner.

After Bao Yugang's son-in-law Wu Guangzheng poured a cup of tea for the two, he sat quietly and listened.

"A Yu, the Hong Kong government intends to build a large-scale science and technology industrial park in the New Territories, ready to support industries such as electronic high-tech, heavy industry, and petrochemicals. Have you heard the news?"

Bao Yugang took a sip of hot tea and said slowly.

Xia Yu raised his brows and asked, "Old Bao, did you hear the news from the Hong Kong government?"

Bao Yugang nodded calmly: "Yes, someone told me specifically that MacLehose strictly requires confidentiality and seems to attach great importance to it."

"The Hong Kong government's strategic plan for the governance of Hong Kong will not have a small impact on us, so I came to talk to you about it."

Xia Yu's expression was a bit strange, he restrained his smile and asked, "Old Bao, do you know where this proposal came from? Why did the Hong Kong government suddenly want to plan the [Zero Kanshu 00kxs] industrial park?"

Bao Yugang shook his head: "I don't know this. I also asked and didn't get an answer."

"What, you know?"

After speaking, Bao Yugang found that Xia Yu's expression was a little weird, he couldn't help raising his thick eyebrows and asked, "A Yu, do you know?"

PS: I did not doze off at noon to write a chapter, and there is another chapter at night.