Chapter 1008 Eating the Big Cake of BT's Privatization (Second Vote)
Facing Jason Greg's worries, Xia Yu smiled indifferently and said disapprovingly: "Jason, you don't have to worry about this, I have made a comprehensive plan, you just do what I say." ”
Jason Greg was stunned for a moment, then nodded thoughtfully: "Okay." ”
Next, Xia Yu asked Jason Greg to take him around the company for more than 20 minutes, focusing on what he said about the strategic plan for foreign mergers and acquisitions and expansion, and overall, he was satisfied with what he saw and heard in all aspects.
Before leaving, Xia Yu said to Jason Greg: "Jason, when executing the M&A expansion plan, if it is determined to be a high-quality potential company, on the premise of not violating the company's main development model, you can be bold and strive to become a first-class insurance company in Asia within three years. ”
Jason Greg's face flashed with joy, and he quickly nodded and replied, "Thank you, chairman, I will follow your instructions!"
"Hmm!"
"Go back, I'll come back when I have time. ”
After speaking, Xia Yu got in the car and closed the door, and then the car started and drove away from Jiuding Insurance Co., Ltd., leaving the scrappy Jason Greg.
After leaving Jiuding Insurance Co., Ltd., Xia Yu did not return to the group headquarters, but went to Xiangjiang Telephone Company to inspect and guide the work.
In terms of business development, he only put forward one request, that is, not to compete with the Xiangjiang branch of Dadong Telecom Company for the time being, and to focus on optimizing and improving its own business.
The reason for this request is that the Xiangjiang branch of Dadong Telecom Company already belongs to him.
Yesterday afternoon, Xia Yu received a good news call from George Berkeley in London, about the privatization of the British Great Eastern Telecommunications Company, which he had reported nearly a month earlier.
Just yesterday afternoon, the British Parliament finally passed the plan for the privatization of the British Great Eastern Telecommunications Company, and a total of 51 percent of the shares were sold to private capital.
And the equity distribution has long been secretly divided into winners and losers, and Xia Yu has become the party with the biggest profits.
Of the 51 percent equity released by the British government, the Bright Fund won 7 percent, Standard Chartered Bank took 12 percent, and the Bank of Bahrain took 20 percent.
The remaining 12 percent of the equity was taken by other families.
The reason why Xia Yu's side was able to take so much was due to many reasons.
One is that Duke Howard and Prince Philip have directly cleared the political obstacles, and even under their connections, possible obstacles have become a help.
The second is the huge influence of the Bright Fund itself in the upper echelons of the United Kingdom, and George Berkeley has put it in place according to Xia Yu's instructions.
The third is that the bids are high! The Bright Fund and Standard Chartered Bank have the highest quotations, and they have submitted highly operational reform and management plans, which have made the British government very tempted.
Therefore, Bright Fund and Standard Chartered Bank were able to obtain a total of 19% of the equity of Dadong Telecom, which is already the limit that the two can directly get.
As for the Bank of Bahrain, which has eaten the biggest cake, although it has bought the most 20 percent of the shares, it has been the smoothest.
Who let the Bank of Bahrain have the two mountains of Duke Howard and Prince Philip?
Therefore, in the face of such a telecommunications company with huge influence in the existing or original colonies of the United Kingdom, but with little influence in the United Kingdom and is still on the verge of loss, the major families in the United Kingdom have not reached the point where they have to fight.
When George Berkeley reported the good news to Xia Yu, Rao still felt excited with Xia Yu's calm mind.
The telecommunications sector is a very important part of the public service field, and its influence is undoubted, although the main business of Dadong Telecom is not in the UK, but how can he, who is familiar with the reform of the British telecommunications field in the past life, not know how much opportunity there will be in the future?
In addition to being significant, the shareholding ratio is also a reason for Xia Yu's joy.
Although Standard Chartered Bank is not wholly owned by him, the cumulative shareholding ratio has reached 84.6%, and he has absolute control, so the 12% equity won by Standard Chartered Bank is in his pocket.
Needless to say, the 7% equity won by the Bright Fund is not to mention.
As for the Bank of Bahrain, Bright Fund holds 20% of the shares, and then Jiuding Bank holds 25% of the shares, in fact, Xia Yu holds a total of 45% of the shares.
So this time, 9 percent of the 20 percent equity that the Bank of Bahrain ate actually belonged to him after conversion.
A simple sum of the three figures shows that he has a 28 percent stake in the privatization of Dadong Telecom, accounting for more than half of the cake.
After listening to George Berkeley's good news yesterday afternoon, Xia Yu knew that the long-awaited time for a complete monopoly on the Xiangjiang telecommunications market had come.
Xia Yu instructed George Berkeley to immediately carry out the second phase of the plan, that is, to find a way for Dadong Telecom to spin off the Xiangjiang branch.
As long as it can succeed, then the Bright Fund will be able to hold 45.7% of the equity of Dadong Telecom 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 Wang Qi's work tasks have been heavy recently, Xia Yu assigned the task to Jason Greg of Jiuding Insurance Co., Ltd., and only in the morning did he come out.
After deploying the mission, Xia Yu put his focus back on the layout of the aviation industry.
On the fifth day after Cathay Pacific's extraordinary board meeting, the EGM was reconvened.
The Shi Yahuai family knew that they could no longer be hindered here, and they were also guilty of participating, so Swire Airlines did not send a representative at this extraordinary shareholders' meeting, which made a group of reporters regret.
The vote on the proposal for private placement was naturally passed.
After it is passed, it will be immediately submitted to the China Securities Regulatory Commission for approval.
According to the Securities Law of Hong Kong, the private placement of shares by unlisted companies does not need to be approved by the China Securities Regulatory Commission.
But who made Swire Pacific Limited, the parent company of Cathay Pacific's parent company, a public company?
With this relationship, the approval and approval of the CSRC cannot be avoided.
The Shi Yahuai family just wants to see if they can turn the tables around in this link.
But Xia Yu has long considered this, so the share price of Cathay Pacific Airways at the time of the private placement is only 1.8 billion Hong Kong dollars instead of 800 million Hong Kong dollars, just because Cathay Pacific's net assets are about 1.72 billion Hong Kong dollars.
As long as the valuation is not lower than the net assets, then the face of the CSRC can be justified, and the rest is to look at their respective magical powers.
At this point, Xia Yu had already made all preparations.
Therefore, when Cathay Pacific's private placement plan was submitted to the CSRC, it would have taken three to six months to complete the review, but this time only a week later, the plan was approved, and the CSRC issued the skin in accordance with the procedure, and the approved plan was legal and reasonable, and it could be implemented.
After getting the approval, Weiri immediately implemented the plan, and the share capital of Cathay Pacific Airways changed from 200 million shares to 300 million shares!
Jiuding Industrial Group's shareholding in Cathay Pacific Airways has finally increased to 69.33% on paper!
After the successful operation on Weiri's side, Wang Qi, who had been prepared for a long time, immediately ordered someone to issue another takeover offer to Swire Airlines, and the takeover offer finally went to Wade Shi Yahuai.
Now it was different from the past, Wade Shi Yahuai, who could no longer make up his mind, could only hurry back to the family with the acquisition offer, found his uncle Norman Shi Yahuai, and reported the matter to him.
Victoria Hill, the hall of the Kadoorie family's mansion.
"Uncle, Xia Yu is extremely greedy, and now he has launched an acquisition from us, what should we do?"
Wade Shi Yahuai looked at his uncle with a solemn face, wanting to know his decision.
PS: The second more is delivered, and I ask for a recommended monthly pass
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