v3 Chapter 975： Make plans for a full-scale war with the Swire Consortium

At this moment, Xia Yu glanced at it and suddenly remembered that Huo Jianning was still making an acquisition plan on the desktop.

He was too invested in thinking just now, and he ignored this.

I don’t know how Huo Jianning planned to face such a difficult situation?

Thinking of this, Xia Yu picked up the acquisition plan and turned it over.

Acquisition plan There are four acquisition plans written above.

The first option is to make the next move and directly acquire the shares of its largest subsidiary Swire Co., Ltd. from HeungKong Taikoo Group. As long as the negotiation can be concluded and then the shares of other shareholders can be acquired, then not only can the entire Swire Airlines be acquired, but also Two promising companies, Swire Properties and Swire Beverages, were also bought.

However, the success rate of this method is extremely low. The Shi Yahuai family may not accept the takeover offer at all, and will not give a price opportunity at all. It may even be stunned, making the Shi Yahuai family vigilant, and will not even find a chance in the future.

The second option is to start from the source. The Swire Group, the parent company of the HeungKong Swire Group, has been listed in London, and the Shi Yahuai family does not absolutely control the Swire Group in the UK, and can attack the Swire Group in the London market.

This method requires a lot of funds, and because it is in the United Kingdom, it involves the British wealthy and aristocrats, the implementation is very difficult, and the success rate is very low.

The acquired equity has not reached a certain amount, and it is impossible to replace the equity of HeungKong Swire Group with the shares of Swire Group.

Because the HeungKong Taikoo Group is not listed, if it does not control two-thirds of its equity, it will not pass the board of directors and it will not be able to win Cathay Pacific.

The third plan is also relatively simple, that is, "Xiangzhuang Wujian intends to be in Peigong", directly initiating a takeover invitation to Swire Airlines, acquiring shares in the listed company, Xiangjiang Aircraft Engineering Company, and then acquiring a percent of HSBC Bank After 8.4 equity, and then purchase more than 3% from the secondary market, you can control two-thirds of the voting rights of the chairman.

At the same time, by secretly acquiring the shares of Cathay Pacific Airways held by HSBC and Songjia, and then transferring the 4% shares of Cathay Pacific Airways held by Xiangjiang Aircraft Engineering Company to their own hands, they will be able to control more than 50% of Cathay Pacific Airways. One equity.

Even if it does not reach the two-thirds ratio, but it exceeds 51%, it can still have a lot of power, occupy a certain amount of initiative, and look for opportunities later.

The fourth option is very similar to the third option, that is, it has a different perspective, and because it does not involve listed companies, the target is also Chinese, and the success rate is higher.

This plan is to start with the unlisted Hong Kong Airport Ground Service Company, find a way to buy more than 12% of the equity from Taikoo Airlines, and then acquire the equity of Cao Guangbiao and Huo Yingdong, plus the original percentage. Fifteenth of the equity, reaching two-thirds of the holding line, forcibly approved the transfer of 5% of the equity held by Cathay Pacific.

At the same time, we must fix the shares of Cathay Pacific held by HSBC and the Song family. Together with the original shares, we can also achieve control of 54% of Cathay Pacific’s shares. We will slowly find a way later.

The success rate of these four programs is increasing, although it doesn’t increase much...

But in any case, in the face of such a strict equity structure of the Swire Consortium, Huo Jianning also came up with four action plans, regardless of whether they can be implemented, but they are indeed intentional and worthy of praise.

Xia Yu gave Huo Jianning an admiring look, and said with a smile: "Jianning, did you take a lot of effort with this project?"

Huo Jianning smiled modestly, and said with some embarrassment: "Chairman, the strength has been lost a lot, but I have to review with you. The several proposals made here are very general, but for the time being, we really can’t think of others. Method."

Xia Yu smiled and shook his head and said, "I understand that the Taikoo Consortium is too cautious. It will be tricky for anyone to change."

"Carefully counted, now the original source of this situation is still with me, which scared the Taikoo consortium. I remember that they were not so strict in equity control before."

In the past ten years or so, the Swire Consortium, like the Jardine Consortium, took advantage of the opportunity to acquire Chinese companies. The Jardine Consortium merged more than 200. Although the Swire Consortium is less, it has acquired at least one hundred fifty and sixty. Family.

The merger of the Taikoo Consortium is absolutely impossible to use pure cash, nor can it produce all of the cash.

So many companies use cash plus equity, or directly re-enlarge shares and merge.

In this way, the equity of the companies under the Swire Consortium is not so concentrated. Many of them only hold 20 to 30% of the shares, even for listed companies.

The reason why the shareholding ratio is so high is that British consortiums such as Hutchison Whampoa and Jardine Consortium have been hunted, and the Shi Yahuai family has to spend a lot of money to increase their shareholding.

But where did the money for the increase in equity come from?

Xia Yu believes that the Shi Yahuai family can only get a small part, and most of the money must be borrowed.

Thinking of this, Xia Yu asked Huo Jianning: "Jianning, have you checked the debt situation of the Shi Yahuai family and the various companies in the Swire Group."

Huo Jianning shook his head truthfully and said: "Chairman, I have only collected information about Cathay Pacific in the past three days. I have not collected information from the entire Swire Group, but I remember hearing that Swire Group and the Shi Yahuai family have more debts. ."

Xia Yu nodded to express understanding, but in his heart he wanted to ask Liu Tianci and Gals Liddell to do this. They are the presidents of Jiuding Bank and Standard Chartered Bank. They will be more clear about this matter. Collected from other colleagues. Information is also more efficient.

Xia Yu stacked Cathay Pacific's information and acquisition plan aside, and asked Jianning Huo: "Jianning, the last time you arranged for you to acquire the shares of Pioneer Electronics Co., Ltd., it has been more than a month. How is the situation now? ?"

Huo Jianning was taken aback, and did not think about why the chairman stopped talking about Cathay Pacific. According to the actual situation, the report: "Chairman, we have acquired a total of 9.75% of the equity, and all the shares are from The shares acquired in each stock market were placed under multiple companies, and they were not disclosed.

"Because the news has not been exposed, the stock price of Pioneer Electronics is at a normal rate of increase. Yesterday, the market value of Pioneer Electronics was 182.1 billion yen."

Faced with the multinational listed island pioneer electronics company, it can achieve this level in one month, and the progress is already fast.

Xia Yu smiled and emphasized after the comment: "The progress is good, you have a good grasp of the situation, speed is not the first, the key is the number of stock acquisitions."

Huo Jianning solemnly replied: "I understand!"

This time the performance involved whether he could remove the word "agent" on his head, and he couldn't help but care less.

"Do you have anything else?"

"temporarily unavailable."

"That's OK, you go ahead!"

"Okay, then chairman, I will resign first."

Xia Yu smiled, watching Huo Jianning exit the office and gently close the door.

He picked up the Cathay Pacific information and acquisition plan that he had on hand, walked down from the desk to the leather sofa, sat down in a comfortable sitting position, opened the information again, looked at it, and stopped to think from time to time.

There are now only two large British-funded consortia in Hong Kong, namely the Swire Consortium and Wheelock.

As far as Xia Yu knows, Wheelock’s internal struggle is now fierce The relationship between the Ma Deng family and the Zhang family is very stale. If it hadn’t been for the good development of its real estate business, Wheelock would have been dragged down by its loss-making shipping business. Into the quagmire.

The Swire Consortium, as a benchmark for British-funded enterprises in addition to HSBC and Standard Chartered Bank, has a greater influence than the four major British consortia at that time.

Neither the British government nor the Hong Kong government would like to see the Swire Group fall like the Jardine Consortium and Hutchison Huang Po.

So even if Xia Yu is confident to handle the pressure of the British government, he does not want to fight the Swire Consortium in all aspects for the time being.

Unless it is a last resort.

He is going to collect the debt situation of Shi Yahuai's family and Swire Group, and he is more prepared.

The best situation is undoubtedly to delineate the acquisition battle under Swire Airlines.

Of course, if things really get up then, he won’t be afraid, just fight!

For a long time, Xia Yu read all the information once again.

On the notebook on the table, he wrote three words one after another in his pen according to the degree of difficulty he thought-Taikoo Airlines, Songjia, and HSBC.

He frowned and thought for a while, then wrote again.

Lao Huo, Cao Guangbiao.

After a long time of deliberation, he wrote the word "old bag" at the bottom.

"I can only try it first. Whether it can succeed or not depends on whether the Shi Yahuai family is greedy enough, is it really so vigilant..."

"I hope it goes as smoothly as possible..."

PS: I’m ninety-nine percent sure that you can’t guess what the protagonist intends to do. If you don’t believe it, just write it in the chapter and say it.