v3 Chapter 1008: Eat the big cake of British Telecom's privatization

Faced with Jason Gregg’s worries, Xia Yu smiled indifferently and said indifferently: “Jason, you don’t have to worry about this. I made the overall plan, and you just need to implement it as I said.”

Jason Gregg was taken aback, then nodded thoughtfully, "Okay."

Next, Xia Yu asked Jason Gregg to take him around the company for twenty minutes, focusing on what he called the strategic plan for external mergers and acquisitions and expansion. Generally speaking, everything he saw and heard gave him Quite satisfied.

Before leaving, Xia Yu pointed out to Jason Gregg: "Jason, when implementing the merger and acquisition expansion plan, if it is determined that it is a high-quality potential company, it can be bold without violating the company’s main development model. Strive to become Asia’s top insurance company within three years. If you don’t have enough funds, you can apply to me, provided that your application can withstand the test."

Jason Gregg's face flashed with joy, and he nodded quickly and replied: "Thank you, Chairman, I will follow your instructions!"

"Ok!"

"You go back, I will come back when I have time."

After that, Xia Yu got in the car and closed the door, then the car started and drove away from Jiuding Insurance Co., Ltd., leaving behind the fighting spirit Jason Gregg.

After leaving Jiuding Insurance Co., Ltd., Xia Yu did not return to the group headquarters, but went to the 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 Xiangjiang branch for the time being, and to focus development on optimizing and upgrading its own business.

The reason for this request is that Dadong Telecom's Xiangjiang Branch already partly belongs to him.

Yesterday afternoon, Xia Yu received a call from George Berkeley in London about the privatization of Great Eastern Telecom, which he reported nearly a month ago.

Just yesterday afternoon, the British Parliament finally passed the plan for the privatization of Great Eastern Telecom, and a total of 51% of the shares were sold to private capital.

The equity distribution has long been secretly divided, and Xia Yu has become the most profitable party.

Among 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% of the equity was taken away by other families.

There are many reasons why Xia Yu can take so much.

One is that Duke Howard and Prince Philip have worked so hard that they have directly removed political obstacles, and even under their connections, possible obstacles have become a boost.

The second is the great influence of the Bright Fund itself in the upper echelons of the United Kingdom, plus George Berkeley, in accordance with Xia Yu's instructions, put in place.

The third is the high bid! Bright Fund and Standard Chartered Bank’s quotations were the highest, and they also submitted highly operational reforms and business plans, which made the British government very tempted.

Therefore, Guangming Fund and Standard Chartered Bank were able to obtain a total of 19% of Dadong Telecom's equity. This is already the limit that the two can directly obtain.

As for the Bank of Barings, which ate the largest cake, although it bought the most 20% of the equity, it was the most successful.

Who made the Bank of Bahrain have two mountains, Duke Howard and Prince Philip?

So 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 be contended. .

When George Berkeley reported happy to Xia Yu, Rao was still excited by Xia Yu's calm mind.

The telecommunications sector is a very important part of the public service sector, and there is no doubt about its influence. Although the main business of Dadong Telecom is not in the UK, how can he who is familiar with the reforms of the British telecommunications sector not know how big opportunities there will be?

In addition to the significance, the shareholding ratio is also a reason for Xia Yu's joy.

Although Standard Chartered Bank is not wholly owned by him, its secretly accumulated shareholding ratio has reached 84.6%, and it has absolute control rights. Therefore, Standard Chartered Bank won 12% of the shares. Equity went into his pocket.

Needless to say, the 7% equity stake taken by the Bright Fund.

As for the Bank of Bahrain, Bright Fund holds 20% of the shares, and then Jiuding Bank holds 25%. In fact, Xia Yu holds a total of 45% of the shares.

Therefore, this time, the 20% of the equity that the Bank of Barings has eaten, after conversion, actually belongs to him.

A simple addition of the three data shows that he has obtained 28% of the shares in the privatization of Dadong Telecom, which accounts for more than half of the cake.

After listening to George Berkeley's Annunciation yesterday afternoon, Xia Yu knew that the long-awaited time to completely monopolize the Xiangjiang Telecom market had arrived.

Xia Yu ordered George Berkeley to immediately carry out the second phase of the plan, that is, to find a way to get Dadong Telecom to spin off the Xiangjiang branch.

As long as it succeeds, Bright Fund will be able to hold 45.7% of Dadong Telecom's equity 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 recent heavy work tasks, Xia Yu assigned the task to Jason Gregg of Jiuding Insurance Co., Ltd., and only then did this morning.

After deploying the mission, Xia Yu returned his focus to the layout of the aviation industry.

On the fifth day after Cathay Pacific Airways held an interim board of directors, the extraordinary shareholders meeting was held again.

The Shi Yahuai family knew that they could no longer stop here, and it was a crime to participate. Therefore, Swire Airlines did not send a representative at this extraordinary shareholders meeting, which made the reporters regretful.

The proposed voting for private placement naturally passed smoothly.

After approval, it will be immediately submitted to the China Securities Regulatory Commission for approval.

According to the current "Securities Law" of Xiangjiang, privately issued shares by unlisted companies do not need to be approved by the China Securities Regulatory Commission.

But who makes Swire Pacific, the parent company of Cathay Pacific Airways a listed company?

With this relationship, the approval process of the China Securities Regulatory Commission cannot be avoided The Shi Yahuai family just wants to see if it can come back in this link.

However, Xia Yu has long considered this point, so the share price of Cathay Pacific Airways was 1.8 billion Hong Kong dollars instead of 800 million Hong Kong dollars during the private placement, because Cathay Pacific Airways' net assets 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 look at their own magical powers.

At this point, Xia Yu was already fully prepared.

Therefore, when Cathay Pacific’s private placement plan was submitted to the China Securities Regulatory Commission, it would normally take three to six months to complete the review, but this time only one week later, the plan was reviewed and approved, and the China Securities Regulatory Commission issued it in accordance with the procedures. After the skin, the approved plan is legal and reasonable and can be implemented.

After receiving the approval, Wei Li immediately implemented the plan, and Cathay Pacific’s share capital has changed from 200 million shares to 300 million shares!

Jiuding Industrial Group's shareholding ratio in Cathay Pacific has finally increased to 69.33% on paper!

After the success of Werri’s action, Wang Qi, who had been prepared for a long time, ordered the people to make another takeover offer to Swire Airlines, and the takeover offer finally came to Wade Shiyahuai.

Today is different from the past. Wade Shiyahuai, who has already made up his mind, can only rush back to the family with the takeover offer, find his uncle Norman Shiyahuai, and report the matter to him.

Taiping Mountain, the lobby of the Kadoorie family mansion.

"Uncle, Xia Yu is extremely greedy, and now he has initiated an acquisition from us, what should we do?"

Wade Shiyahuai looked at his uncle solemnly, wanting to know his decision.

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