Chapter 975: All-out war with the Swire Consortium?
At this moment, Xia Yu glanced at it, and suddenly remembered that there was still an acquisition plan made by Huo Jianning on the table.
He was so engrossed in his mind just now that he ignored this.
I don't know how Huo Jianning planned in the face of such a tricky situation?
Thinking of this, Xia Yu picked up the acquisition plan and looked at it.
There are four acquisition options written on the acquisition plan.
The first option is to buy the equity of Swire Pacific Limited, its largest subsidiary, directly from the Heung Kong Swire Group, and if the agreement can be reached, and then buy the shares of other shareholders, then not only the whole of Swire Airlines, but also Swire Properties and Swire Beverages, two companies with great potential.
However, the success rate of this method is extremely low, and it is very likely that the Shi Yahuai family will not accept the acquisition invitation at all, and will not give the opportunity to bid, and may even startle the snake, so that the Shi Yahuai family will be vigilant, and they will not find even a chance in the future.
The second option is to start from the source, the parent company of the Heung Kong Swire Group, the British Swire Group, has been listed in London, and the Shi Yahuai family does not have absolute control over the British Swire Group, so they can start sniping the British Swire Group in the London market.
This method requires a huge amount of money, and because it is in the United Kingdom, it involves the British wealthy aristocracy, which is very difficult to implement and has a low success rate.
The acquired equity did not reach a certain amount, and it was impossible to replace the equity of the Hong Kong Swire Group with the British Swire Group's guan.
Because the Heung Kong Swire Group is not listed, if it does not control two-thirds of its shares, it will not be able to pass the board discussion and will not be able to take Cathay Pacific.
The third plan is also relatively simple, that is, "Xiang Zhuang dances the sword with the intention of Pei Gong", directly initiating a takeover offer from Swire Airlines, acquiring the equity of the listed company of Heung Kong Aircraft Engineering Company, and then acquiring 8.4 percent of the equity of HSBC, and then acquiring more than 3 percent from the secondary market, so that you can control two-thirds of the voting rights of the chairman.
At the same time, he secretly acquired the equity of Cathay Pacific held by HSBC and the Song family, and then transferred 4 percent of the equity of Cathay Pacific held by Heung Kong Aircraft Engineering Company to himself, so that he could control more than 51 percent of the equity of Cathay Pacific.
Even if it does not reach two-thirds, but exceeds 51 percent, it can still have a lot of power, occupy a certain initiative, and then look for opportunities later.
The fourth plan is very similar to the third plan, that is, it is from a different angle, and because it does not involve listed companies, the target is also Chinese, and the success rate is a little higher.
This plan is to start with the unlisted Xiangjiang Airport ground handling company, find a way to buy more than 12 percent of the equity from Swire Airways, and then buy the shares of Cao Guangbiao and Huo Yingdong, plus the original 15 percent of the shares, to reach two-thirds of the holding line, and forcibly transfer the 5 percent equity of Cathay Pacific Airways.
At the same time, it is also necessary to deal with the equity of Cathay Pacific held by HSBC and the Song family, plus the original equity, it can also achieve control of 54% of the equity of Cathay Pacific, and then slowly figure out a way.
The success rate of these four schemes is increasing, although it does not increase much......
But in any case, in the face of such a strict shareholding structure of the Swire Consortium, Huo Jianning still came up with such four action plans, regardless of whether they can be implemented, but they are indeed attentive and worthy of praise.
Xia Yu gave Huo Jianning an appreciative look, and said with a smile: "Jianning, you have put a lot of effort into this plan, right?"
Huo Jianning smiled modestly, and said with some embarrassment: "Chairman, the strength is a lot wasted, but I have to review it with you, the several plans made here are very ordinary, but for the time being, we really can't think of other ways." “
Xia Yu smiled and shook his head and said, "I understand this, the Swire Consortium is too cautious, and it will be tricky for anyone else." ”
"If you think about it carefully, the initial source of this situation is still with me, which scared the Swire Consortium, and I remember that they were not so strict in terms of equity control before. ”
In the past ten years, the Swire Consortium, like the Jardine Matheson Consortium, has taken advantage of the opportunity to acquire Chinese companies, and the Jardine Matheson Consortium has merged more than 200 companies, and the Swire Consortium has merged at least 150 or 60 companies, although it is smaller.
The merger of the Swire Consortium will never be possible with pure cash, nor will it be possible to take out all the cash.
Therefore, many companies use cash plus equity, or directly re-expand and merge.
As a result, the stake in the various companies under the Swire Consortium is not so concentrated, and many of them only hold 20% or 30% of the shares, even if they are listed companies.
The reason why the shareholding ratio is so high now is because Hutchison Whampoa, Jardine Matheson and other British consortia have been hunted, so that the Shi Yahuai family has to spend a lot of money to increase their shares.
But where did the money come from?
Xia Yu believed that the Shi Yahuai family could only get a small part, and most of the money must have been borrowed.
Thinking of this, Xia Yu asked Huo Jianning: "Jianning, have you checked the debts of the Shi Yahuai family and the various companies of the Swire Group?" ”
Huo Jianning shook his head truthfully and said: "Chairman, in the past three days, I have only collected information related to Cathay Pacific Airways, and I have not collected the entire Swire Group, but I remember hearing that the Swire Group and the Shi Yahuai family have more debts. ”
Xia Yu nodded in understanding, but in his heart he wanted Liu Tianci and Garth Liddell to do this, the two of them are the presidents of Jiuding Bank and Standard Chartered Bank respectively, and they will be clearer about this matter, and it will be more efficient to collect information from other peers.
Xia Yu put aside the information and acquisition plan of Cathay Pacific, and asked Huo Jianning: "Jianning, it has been more than a month since you were last arranged to acquire the equity of the island country Pioneer Electronics Company, how is the situation now?"
Huo Jianning was stunned for a moment, and didn't think about why the chairman stopped talking about Cathay Pacific Airlines, and reported according to the actual situation: "Chairman, at present, we have acquired a total of 9.75% of the shares, all of which are acquired from various stock markets, and the shares are placed under multiple companies, and they have not been disclosed to the public. “
"Because the news has not been exposed, the share price of the island nation Pioneer Electronics Company is at a normal range, and the market value of the island nation Pioneer Electronics Company yesterday was 182.1 billion yen. ”
In the face of the multinational listed island country Pioneer Electronics Company, the progress of being able to do this in a month is already very fast.
Xia Yu smiled, and emphasized after commenting: "The progress is good, you can grasp the situation yourself, speed is not the first, the key is the number of stock acquisitions." ”
Huo Jianning replied solemnly: "I understand!"
This performance involves whether the word "agent" can be removed from his head, and he can't afford not to pay attention to it.
"Is there anything else you can do?"
"Not for the time being. ”
"Okay, you go get busy first!"
"Okay, then chairman, I'll step down first. ”
Xia Yu smiled and watched Huo Jianning exit the office and gently close the door.
He picked up the Cathay Pacific materials and acquisition plan in his hand, got down from his desk and walked to the leather sofa, sat down in a comfortable sitting position, opened the materials again and looked at them, and stopped to think from time to time.
At present, there are only two large British-funded consortia in Hong Kong, namely the Swire Consortium and Wheelock.
As far as Xia Yu knows, Wheelock is now fighting fiercely internally, and the relationship between the Stool family and the Zhang family is very stiff, and if it weren't for the good development of Wheelock's real estate business, it would have been dragged into the quagmire by the loss-making shipping business.
As a benchmark for British-funded enterprises except HSBC and Standard Chartered, the Swire Consortium has a greater influence than when the four major British-funded consortia were at that time.
And neither the British government nor the Hong Kong government may want to see Swire Group fall like the Jardine Matheson Consortium and Hutchison Wong Po.
So even if Xia Yu is confident that he can handle the pressure of the British government, he does not want to fight with the Swire Consortium in all directions for the time being.
Unless it is a last resort.
He is going to collect the debts of the Shi Yahuai family and the Swire Group, and he is more prepared for long.
The best-case scenario would undoubtedly be to place the takeover battle under Swire Airlines.
Of course, if things really get big at that time, he is not afraid, just fight!
After a long time, Xia Yu once again read all the information.
On the notebook on the table, he wrote down three words with a pen according to the level of difficulty he thought was - Swire Airlines, Song Family, and HSBC.
He frowned and thought for a moment, then wrote below.
Lao Huo, Cao Guangbiao.
After thinking about it for a long time, he wrote the word "old bag" at the bottom.
"I can only try it first, whether it can be done or not depends on whether the Shi Yahuai family is greedy enough, whether they are really so vigilant......"
"Let's hope it goes as smoothly as possible......"
PS: I'm 99% sure you can't guess what the protagonist is going to do, so if you don't believe it, write it in the chapter, and we'll see