"Roland, this is not at all like an old friend should do. ”

Norman Shi Yahuai's eyes were as sharp as a knife, and he said meaningfully.

Now that it is clear that Xia Yu wants to set up the Heung Kong Telephone Company, Rolands Kadoorie has exchanged shares with him, which not only improves his self-protection ability, greatly increases his control over CLP Power Co., Ltd., but also shifts all the pressure to Swire Group.

The benefits are all for Lorence Kadoorie, and the pressure is on his shoulders, where is there such a good thing in the world?

Do you really think that the leaders of the alliance are here to resist the pressure?

Lorence Kadoorie didn't seem to see Norman Shi Yahuai's anger, and said with a smile: "Norman, after all, the Xiangjiang Telephone Company is operated and controlled by the Swire Group, no matter what, Xia Yu will find you, if my equity is transferred to the Swire Group, your control over the Xiangjiang Telephone Company will be greatly improved, isn't it?"

"The share swap is beneficial for both of us and is definitely a win-win. ”

On the bright side, this is indeed true.

But if this is the case, then the pressure that both sides will bear will be borne by the Swire Group, and the pressure borne by the Swire Group will be great!

Therefore, Norman Shi Yahuai said lightly: "That being said, since we are allies, we naturally have to advance and retreat together, as long as you don't sell your equity, it's the same in your hands as it is in my hands." ”

"Roland, I am confident that you will keep our agreement. ”

"As for your worries that Xia Yu will move China Power Co., Ltd., don't worry, his target is the Heung Kong Telephone Company, even if he really plans to move China Power Co., Ltd., you hold 34 percent of the shares, we hold 11 percent of the shares, and we hold a total of 45 percent of the shares, so it is impossible for him to secretly acquire enough shares. ”

"If you buy a stake in Swire Group, then you have to make a takeover offer to all shareholders, and now that CLP Power Hong Kong Limited has a market capitalisation of nearly HK$1.9 billion, are you sure you can come up with that much money?"

In the face of Norman Schyawy's series of sharp statements, Rorentz Kadoorie was speechless.

The truth is exactly what Norman Schyawy said.

According to the regulations of the Hong Kong Stock Exchange, if the majority shareholder of a listed company holds more than 35% of the shares, it will trigger a mandatory rule requiring it to launch a takeover offer to all shareholders for a full acquisition, of course, it can also apply for an exemption, but it is too difficult to apply for an exemption!

If 50% of the shareholders accept the offer, they can buy the shares sold by any shareholder at the agreed price, if the acquisition exceeds 75% and the outstanding shares are less than 25%, and do not meet the listing requirements, they will be required to forcibly delist, and if the shareholding ratio exceeds 90%, they will have the right to compulsorily acquire the shares in the hands of any shareholder.

Of course, in all of the above cases, the equity is clearly concentrated in the name of a major shareholder.

Like before Xia Yu, they were all secretly purchased by separate accounts, no account would exceed five percent, and there was no need to announce the shareholding ratio to the outside world.

Therefore, Lorence Kadoorie can also register a company and hold it in a shell company that has nothing to do with it on the surface, so as to avoid triggering the rule, otherwise it would have to initiate a takeover from all shareholders.

This is why many of the largest shareholders of listed companies in Hong Kong hold about 34 percent of the shares, or at most 34.99 percent, in order to ensure control of the company without the certainty of obtaining immunity and whether they have the strength to acquire the company.

Having said that, now that Norman Schyahuai has said this, it is difficult for Lorence Kadoorie to propose the acquisition of the equity of CLP Power Hong Kong Limited held by Swire Group, otherwise it will be clear that he does not trust Norman Schyahuai and the alliance between the two sides.

Because of the difference in strength, there is no alliance, but the Kadoorie family suffers even more.

The fact that the Swire Consortium can resist the Jiuding Consortium does not mean that the Kadoorie family has this confidence.

"OK, Norman, then hopefully we can support each other on our respective boards. Lorence Kadoorie smiled lightly.

Norman Shi Yahuai said with a smile: "Of course, I will always give the strongest support to my allies. ”

Next, the two chatted for a long time before Rolands Kadoorie took the opportunity to leave.

Seeing Lorence Kadoorie's car go away, Norman Shi Yahuai sneered, his eyes full of indifference.

Today's visit to Rorentz Kadoorie made Norman Schiawy feel unworthy of his previous attitude.

As the leader of the alliance, Norman Shi Yahuai intends to take responsibility, that is, to prevent the British capital from being broken by each other, so there is no need for Rorenz Kadoorie to say more, he will resist the pressure, but the premise is that others do not stab him in the back.

Now that Roland Kadoorie has come to the door to try his way off the pressure, this attitude has made Norman Schiawy doubt what he really thinks.

Next, it depends on how Lorence Kadoorie chooses, which is regarded as a test for him, and also a test for the Hong Kong British-funded Alliance in the true sense.

If Lorence Kadoorie does not sell his stake in the Heung Kong Telephone Company, but instead invites Xia Yu's retaliation, then he will do his best to support the Kadoorie family.

With the experience of the Jardine Matheson Consortium and Hutchison Whampoa, Norman Shi Yahuai has already done a good job, and his control over the Swire Group has been secretly strengthened several notches, which is the result of his successive flights back to the UK in the second half of last year and the first half of this year.

Therefore, judging from the current strength shown by Xia Yu, the Swire Consortium under his control is not necessarily afraid of Xia Yu's Jiuding Consortium.

If Lorence Kadoorie sold the equity of the Xiangjiang Telephone Company to Xia Yu behind his back, then he would also give up the fight with Xia Yu and directly give up the equity of the Xiangjiang Telephone Company.

Anyway, this company is not the core of the Swire consortium, and because of market reasons, relying on the monopoly advantage, the revenue capacity is far less than that of other industries such as real estate, aviation, and beverages, so it is not a pity to sell it.

But if this really happened, then it would be wishful thinking that the Kadoorie family would have been in some trouble since then, and that they would want the help of his Swire Consortium.

It can only be said that when interests are involved, the relationship between the alliance has become extremely fragile, and it depends on whether it can withstand the test of wind and rain.

......

After returning to Rorentz Kadoorie, he quietly considered it at home for two hours, and finally decided to unite with the Swire Foundation.

Now the Kadoorie family's industry is in direct competition with Xia Yu's Jiuding Consortium in many aspects, and the two sides are destined to become friends.

In the eyes of Lorence Kadoorie, Xia Yu has not troubled him now, and he will definitely find it in the future, according to Xia Yu's rise, this is very possible.

Not to mention that his Kadoorie family is also in Kowloon, in the same area as Xia Yu.

At present, it seems that the first British-funded family in Kowloon is his Kadoorie family, and the first Chinese-funded consortium is Xia Yu's Jiuding Consortium.

Since there is destined to be a conflict, and his Kadoorie family must be head-on, it is better to hold on tightly to the Swire Consortium from the beginning, but there is a glimmer of life.

"On the side of CLP Power Co., Ltd., as long as Norman Shi Yahuai does what he says, I don't need to worry, now the focus is on the Xiangjiang Shanghu Hotel Group, we must first stabilize the Liang family, and I also have to raise enough funds......"

Rorente Kadoorie took a deep puff of his cigar, his eyes narrowed slightly, and he thought to himself.

Although he is now the chairman of the board of directors of the Shanghai Hotel Group in Hong Kong, and to outsiders it seems that the hotel group also belongs to his Kadoorie family, but in fact this is not the case.

However, in the past few years, it has been the turn of his Kadoorie family to become the chairman of the board of directors, and the Kadoorie family holds only 16.7% of the shares, making it the second largest shareholder, mainly responsible for operating hotels and related businesses.

The largest shareholder is the Liang Chang family, the founding family of Hang Seng Bank, with a shareholding ratio of 31 percent, and now the second generation of the Liang family, Liang Zhonghao, has entered the board of directors as the vice chairman, and the Liang family is mainly engaged in the real estate business of the hotel group.

The two companies have a clear division of labor and work together to run the Xiangjiang Shanghai Hotel Group, and as for the chairman of the board of directors of the group, the two sides take turns to serve as that.

After thinking about it, Roland Kadoorie made a phone call to Liang's house, and after confirming it, he set off again and went with a small gift.

Although for some reason why Roland Kadoorie was so uneasy, the Liang family still promised not to sell the shares.

Two days later, Wang Qi came to visit again, and Rorent's attitude became strange, and he kept playing Tai Chi with Wang Qi, but he didn't let go, and he didn't even mention the price, and his attitude of refusing to sell was undoubtedly revealed.

Seeing this situation, Wang Qi decisively stopped the negotiation, and did not let go of the cruel words at the door, but just glanced deeply at Rorentz Kadoorie when he left, and saw that the latter's heart was beating wildly.

After returning to the company, Wang Qiyuan reported the situation to Xia Yu locally.

After Xia Yu listened quietly, he didn't have too many opinions, and just said two words - him!