Chapter 969: Tossing the Kadoorie Family (First Update)

(The symbol is missing at the end of the previous chapter, and the orderly should be changed to "well-organized", and the semantics should be reversed, see later for the specific reasons)

After sitting down, Xia Yu asked directly: "Is there any action from the Kadoorie family?"

He remembered that the Kadoorie family still owned 34 percent of the shares of CLP Power Company, and his side held a total of 62.4 percent.

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

CLP Power's status as a listed company has ceased to exist in name only.

It's just that because Xia Yu's equity is scattered, it is difficult to define, and Xia Yu's companies are not the original shareholders, so they are not qualified to ban the listed companies of China Power Company.

The reason why he chose not to delist, Xia Yu has a deeper consideration, that is, with the help of the identity of a listed company, he can make things bigger, and reduce the difficulty of acquiring the equity of the Kadoorie family in the future.

Because the Kadoorie family holds 34% of the equity of CLP Power and is unwilling to let go, there is a great attitude of not letting Xia Yu go as he wishes.

Therefore, no matter how hard Xia Yu's side tried, he could not increase his shareholding ratio to more than two-thirds, so Xia Yu's side could not cover the sky on the board of directors, and many means to dilute the shareholding ratio of the Kadoorie family could not be used.

Because the Kadoorie family has a 34% stake in the board of directors and has a veto power.

Therefore, when it comes to the company's 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 last face when the board of directors made a decision, and in other respects they were defeated again and again.

For example, the shareholders' meeting has been controlled by Xia Yu's side.

Taking control of the shareholders' meeting, Rolands Kadoorie was directly kicked out of the chairmanship, and the Kadoorie family's nominations were all rejected in the appointment of chairman and vice chairman.

Of course, because Xia Yu's side also accounts for less than two-thirds of the board seats, Xia Yu's side only has an advantage and cannot make a decision, resulting in the position of chairman has been vacant.

And the board of supervisors is also controlled by Xia Yu.

To sum it up.

Since Xia Yu acquired China Power Company, the internal struggle of China Power Company has not stopped for a moment, Zhao Bo in accordance with Xia Yu's instructions, directly used seven injuries to exchange injuries for injuries, making the Kadoorie family miserable.

In the face of Xia Yu's inquiry, Zhao Bo nodded and said: "Yes, the Kadoorie family can't hold on anymore, and I think it's very likely that they will choose to quit China Power Company." ”

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

Zhao Bo said: "Now that CLP Power has become famous in Hong Kong, many people know that the company's internal struggle is fierce, and the scope of struggle has covered the shareholders' meeting, the board of supervisors and the board of directors, and the company's internal personnel changes are also very large, which has affected the company's operation. “

“...... In order to dilute the equity of the Kadoorie family, I have been proposing to increase investment, such as buying new equipment and renovating the power grid, proposing a private placement to raise 60 million Hong Kong dollars, another example of building a new natural gas power plant, proposing a private placement of 200 million Hong Kong dollars, entering the Australian electricity market, proposing a private placement of 200 million Hong Kong dollars, and so on. ”

"Every time the Kadoorie family vetoed the proposal, and every time I found an opportunity to get the word out. ”

"The board of directors needs to discuss and decide on the big plans, but in some smaller aspects, I can decide directly, many of the company's interests and assets have been transferred to Heung Kong Electric Company at a reasonable and low price, and the Kadoorie family already knows about it, but they can't find a handle. ”

“...... Therefore, in the case of losing the right to manage, the Kadoorie family can only watch their own interests suffer little by little. ”

"And because of the constant exposure of negative news, the company's stock price has continued to fall, and it has now fallen to about half of the normal level, and has been rated as a junk stock by many institutions, and the equity held by the Kadoorie family has been trapped. “

"I don't think anyone else would dare to take it over except us, I have inquired, the Kadoorie family wants to take the equity pledge loan of CLP Power, but the bank dislikes it and greatly reduces the price......

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

The things that Zhao Bo did were indeed explained by Xia Yu in private.

There is no way, who made him want to buy the equity of the Kadoorie family, but he has eaten the closed door of the Kadoorie family several times and does not give the slightest room for negotiation.

In desperation, Xia Yu had no choice but to use other methods, such as what Zhao Bo said above.

Dealing with nail households like the Kadoorie family, although this method is shady, it is an out-and-out good way.

In his previous life, Xia Yu saw a lot of this kind of scene, where major shareholders scourge small shareholders and ordinary shareholders, directly toss a good company to a loss, and then transfer assets at low cost, and the company immediately recovers its health after achieving its goal.

That is, the Kadoorie family stuck in the equity ratio, and did not let Xia Yu's side control it to more than 66.7%.

If you have more than two-thirds of the equity, where is there such trouble, and if you control the board of directors and directly drive the Kadoorie family, then it will be efficient!

However, after tossing 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 force them, your task is to continue to sing blackface, but you must be cautious, be careful not to leave a handle and put yourself in. Xia Yu commanded with a smile.

"I'll arrange for someone else to do the acquisition of their shares, and I'll get people to contact you when the time comes. ”

Zhao Bo replied 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 invited him to come to his home for dinner, and Xia Yu went as promised.

When Xia Yu came to Bao Yugang's house, he found that there was no one else except Bao Yugang and his family, and he asked with some curiosity: "Lao Bao, just the two of us?"

Bao Yugang explained with a smile: "Why didn't I call him, it's just that unfortunately he went to the United States for something, and he can't come back for a week, and I will call him again next time I have the opportunity." ”

Xia Yu understood, and said with a smile: "That old Huo is not blessed tonight, next time I will make fun of him 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 of them, he sat quietly and listened.

"Ayu, the Hong Kong government intends to establish 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 eyebrows and asked rhetorically: "Lao Bao, did you hear this news from the Hong Kong government?"

Bao Yugang nodded calmly: "Yes, someone else specially told me, MacLehose strictly requires secrecy, and it seems to attach great importance to it." ”

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

Xia Yu's expression was a little strange, and he couldn't hold back a smile and asked: "That old bag, do you know where this proposal came from? Why did the Hong Kong government suddenly want to plan an industrial park?"

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

"What, you know?"

After speaking, Bao Yugang noticed that Xia Yu's expression was a little strange, and couldn't help but raise his eyebrows, and asked, "Ah Yu, do you know?"

PS: I didn't sleep at noon and wrote a chapter, and there was another chapter in the evening.