The next few days were all about Cathay Pacific's change of ownership and related news.

After Jiuding Industrial Group won Cathay Pacific Airways, Weiri successfully took over Heung Kong Aircraft Engineering Company and Heung Kong Airport Ground Service Company.

Needless to say, the Xiangjiang Airport Ground Handling Company originally held 66.5 percent of the equity of Xia Yu, and the remaining 33.5 percent of the equity, of which four-four percent was in the hands of Cathay Pacific Airways, and only 28.5 percent of the real shares belonged to Swire Airlines.

As soon as Cathay Pacific changed hands, Weiri directly transferred 4% of the shares held by Cathay Pacific Airways to Jiuding Industrial Group.

As a result, Swire Airlines completely lost control of Heung Kong Ground Services and left it to Weiri.

As for Xiangjiang Aircraft Engineering Company, although it is a listed company, it is relatively difficult to collect shares, but who made Xia Yu do a good job in the early stage?

Originally, Jiuding Industrial Group and other companies held 44.12 percent of the shares, plus 23.42 percent of Cathay Pacific Airways, which also crossed the two-thirds line.

In fact, the Shi Yahuai family has lost control of the troika of Swire Airlines.

On the second day after taking control of Cathay Pacific Airways, Weiri communicated with Wang Qi and disclosed the equity to the exchange.

After seeing that the Jiuding Consortium actually controlled more than two-thirds of the shares of Heung Kong Aircraft Engineering Company, combined with Weiri's remarks that it would not carry out privatization and the company's stock price was seriously inflated, the stock price of Heung Kong Aircraft Engineering Company fell faster, and the losses of Swire Financial Company further increased, which made the Shi Yahuai family feel heartache.

Just when the eyes of the outside world are attracted to these news.

Xia Yu quietly came to Jiuding Insurance Co., Ltd.

For his own insurance company, Xia Yu came very few times, far less than the number of times he went to Jiuding Bank and Jiuding Securities Company.

However, this does not mean that he does not pay attention to Jiuding Insurance Co., Ltd.

Just because Jason Greg reassured him that he didn't need to mention a little more, this future "Wolf of the Netherlands" was able to make the company thrive.

Seeing Xia Yu's arrival, Jason Greg hurried over and greeted him respectfully: "Chairman, welcome to your arrival!"

Xia Yu smiled and nodded, and asked Jason Greg as he walked inside, "Jason, what is the new progress in the company's business development now?"

Jason Greg thought for a moment to smooth out his thoughts and narrated the company's current situation: "Due to the intensity of competition and market capacity, despite the support of the entire group, all the resources within the group have been digested, and now the business development speed of the entire group in Hong Kong has slowed down. ”

Therefore, the company's development focus was officially adjusted, accelerating the implementation of the globalization strategy, and on the 6th of last month, it was just discussed and decided to expand the company's market throughout Asia through the acquisition of local insurance companies in various countries. ”

"Now, we are still doing the preliminary screening work, thanks to the help of the data of Jiuding Newspaper Company, the screening work is going very smoothly, and it is expected that the acquisition plan can be officially launched next month. ”

Xia Yu nodded with satisfaction and commented: "Your direction is correct, but it should be noted that mergers and acquisitions are not the key, and the focus should be on resource digestion after mergers and acquisitions." ”

Jason Greg immediately replied: "I understand, in terms of the preconditions for acquisition, I put resource availability first. ”

Xia Yu gave him an appreciative look and continued to walk forward.

If the global insurance industry develops in the late 80s according to the normal historical process, there will be a global insurance industry merger and acquisition boom.

At that time, through a series of mergers and acquisitions, there will be one after another world-class insurance giants, the strong Yu Qiang.

Insurers that are limited by capital and unable to intervene in the M&A wave are either eaten up or left far behind, and their market share is snatched away.

In the insurance industry, the larger the insurance company, the greater the advantage, and it is really difficult for small insurance companies to compete.

Although Jiuding Insurance Co., Ltd. has consolidated its leading position in Xiangjiang on the original basis and with the help of the resources of the entire Jiuding Consortium, Xia Yu knows very well that Xiangjiang is only a small place with a population of several million people, even if it comes out here, it is inconspicuous in the world.

Therefore, before the wave of global mergers and acquisitions in the insurance industry, Jiuding Insurance Co., Ltd. can take the first step to expand its business through mergers and acquisitions and consolidate its foundation in Asia, so that it can have the confidence to compete with European and American insurance giants by relying on the fundamentals of its Asian business.

Because of this, Xia Yu supports Jason Greg's plan from the bottom of his heart.

After a while, Xia Yu came to the office.

As soon as he sat down, Xia Yu wanted to know the current situation of the company's business in Xiangjiang, and he asked Jason Greg: "Jason, is the development data for the second quarter out?"

Jason Greg, who was about to make tea, immediately stopped what he was doing and replied: "Chairman, it has been made, the data for the second quarter is included in the development data for the first half of the year, and it happens that I have it in my desk drawer, and I will go and bring it to you." ”

As he spoke, Jason Greg immediately walked to the desk, opened the drawer, turned out the company development report submitted by his subordinates a few days ago, and walked back to Xia Yu and handed it to him.

"Chairman, look first, I'll make tea. ”

Xia Yu hummed lightly and opened the company's half-year development report by himself.

In the first half of 1981, the Company achieved a premium income of HK$673 million, representing a year-on-year increase of 14.5%. First-year premiums amounted to HK$127 million, representing a year-on-year increase of 14.2 per cent, of which first-year premiums of 10 years or more amounted to HK$42 million, representing a year-on-year increase of 10.1 per cent. Renewal premiums amounted to HK$433 million, representing a year-on-year increase of 12.7%. Short-term insurance premiums increased by 23.9% year-on-year to HK$71 million......

Hong Kong's local premium income was HK$433 million, accounting for 16.6% of the total premium income share in the first half of the year...... Non-Hong Kong premium income of HK$240 million......

In the first half of the year, the amount of claims reached HK$313.56 million......

As at the end of the Reporting Period, the Company's total assets amounted to HK$3,154,630,000 and investment assets amounted to HK$2,996,890,000.

In the first half of the year, the company achieved a total investment income of HK$342 million, representing a total investment return of 11.4 per cent, up 1.3 per cent year-on-year, and a net investment income of HK$286 million......

Total investment income = net investment income + income on the bid-ask spread of investment assets + fair value change gain or loss - impairment loss on investment assets......

......

After reading the report, Xia Yu had an in-depth understanding of the situation of Jiuding Insurance Co., Ltd.

In the first half of the year, after deducting all costs, the net profit reached an astonishing HK$645.44 million!

The company's total assets have finally exceeded HK$3 billion, far exceeding the period of Jardine Insurance Advisors.

This achievement, which seems outrageous, is actually in line with the actual situation of Jiuding Insurance Co., Ltd.

Many companies under the Jiuding Consortium involve too many employees, and there are a lot of insurance for these employees, and then there are influential radiation.

In terms of motor insurance, Jiuding Insurance Company Limited has grown by leaps and bounds in market share, thanks to the consortium's leading position in the local car sales market and its presence in the automobile manufacturing sector.

There are also construction insurance, marine insurance, fire insurance, personal accident insurance, commodity liability insurance, etc., relying on the resources of the entire Jiuding consortium, Jiuding Insurance Co., Ltd. is a strong opponent to eat up the market share.

Under these circumstances, the premium income in the first half of the year accounted for 16.6% of the insurance market in Hong Kong!

Don't think it's very little, think about the number of insurance companies in Hong Kong as many as 341, you can see the gold content of Jiuding Insurance Co., Ltd.

In terms of capital investment, relying on nearly 3 billion investable assets, although the net profit of investment is not as good as the net profit of premium income, it is not far behind, and it has far exceeded the vast majority of banks, securities, funds and asset management companies.

Overall, the development report has left him satisfied, and Jason Greg has indeed lived up to his expectations.

Then it's only fitting that this matter here today will be handed over to him!

"Jason, the company is growing rapidly, you are doing a good job!"

After commenting, Xia Yu talked about the purpose of coming today: "The company's investable capital is not small, and the business level in investment is also very high, so there is something to be handed over to you." ”

Jason Greg nodded happily and said, "Chairman, please command!"

Xia Yu said: "It's about the communication market. ”

"One of the two companies in the telecommunications market in Hong Kong, Heung Kong Telephone Company, has been controlled, with a cumulative shareholding ratio of 53.2 percent, but the remaining shares are in the hands of the Hong Kong government and Swire Pacific Limited, except for a small part in the public market, so you don't have to worry about it. ”

"The focus is on the Great Eastern Telegraph Company, where you are responsible for acquiring public shares other than the controlling shareholder and the Hong Kong government. ”

Jason Greg narrowed his eyes and asked, "Chairman, to what extent is it going to be acquired, and are there any requirements for the operation?"

Xia Yu instructed: "Suppress the price as much as possible, there is no upper limit for stock acquisition, the lower the cost, the better, and the specific strength is up to you." ”

Jason Greg nodded in understanding.

After just thinking for a moment in silence, he frowned and raised his personal concerns: "Chairman, I remember that the parent company of the Great Eastern Telegraph Company, the British Great Eastern Telecommunications Company, has a shareholding rate of more than 40 percent, and the Hong Kong government also holds 20 percent of the shares, if we want to acquire and seize control, it will be difficult to succeed." ”

PS: In the past two days, there is not enough time to update due to work reasons.,It's really helpless.,Another one is very hesitant to face the next plot.,Fragmented time is taken to think.,Finally straighten out the plot.,Can ensure that it goes on logically.。