After a few days of preparation, Woodensy and Kwok held a board meeting on the afternoon of the 9th, and the topic was the sale of shares in Cathay Pacific Airways.

This time, Gan Qin and Wang Xinyu also went to Swire Pacific to attend the board meeting, and their goal was very clear, that is, to prevent the Shi Huaiya family from selling their shares, especially to the Chinese-funded group, which was a red line drawn by Li Guangyu, and only Cathay Pacific was in the hands of other consortia, and Hong Kong Airlines could have an advantage.

In the past two days, Lei Jianbin, deputy director of finance, has also achieved initial results on the side of Cathay Pacific, and his company's deputy general manager Zhao Wenhua has agreed to take up a post at Xiangjiang Airlines, and can also lead a group of pilots to go over, so it can be said that a small number of aircraft shipping of Xiangjiang Airlines can operate.

At the meeting, Woodensey Waiya elaborated on the problems facing Cathay Pacific today, the financial difficulties of Swire Pacific Limited, and proposed to sell his shares in Cathay Pacific Airways in exchange for cash to expand the company's other businesses, hoping that the shareholders present would support his decision.

Gan Qin said: "Mr. Shi Huaiya, we do not agree with you, our Cathay Pacific is still the hegemon of the aviation industry in Hong Kong, monopolizing the aviation services of Hong Kong, and the future aviation market will be bigger and bigger, such a high-quality industry is definitely not what our company should sell." At present, the world's shipping industry has ushered in a cold winter, and I think it is more beneficial for the company to dispose of the company's marine transportation industry. ”

How could Woodensy Wyah deal with the marine transportation industry, his own Swire Group is mainly engaged in trade, which is for the Swire Group.

Wooden's Grace said: "Ms Gamchen, Cathay Pacific is definitely the best option to sell today, and I ask you not to harm your own interests. You must know that this company is not only owned by us and your Li consortium, but also by the shareholders of our company, and we also need to be responsible for their interests. ”

Gan Qin didn't expect that Wu Dengshi Huaiya actually moved out of Xiangjiang shareholders to oppress his side, this problem is really not easy to deal with, once such news comes out from the outside world, it will be a huge blow to the reputation of the Li Group.

"We formally maintained a responsible attitude towards shareholders before suggesting that the company sell the marine transportation company so as not to affect the development of the company due to huge losses, and Cathay Pacific Airways is currently in a good position to make a profit, and I don't think there is any need to sell this company," Gan Qin said. ”

Knowing that it would not work to negotiate with the Lee consortium to sell the shares of Cathay Pacific Airways, he had no illusions about it, and he came up with the plan he had discussed with Kwok Lingming, so that the Lee consortium could not restrict them from selling their shares.

"Ms Kam, due to the needs of Cathay Pacific's development, we will separate Cathay Pacific from Swire Pacific and redivide the equity of Cathay Pacific Airways in order to seek a listing on the stock market, and your group holds the shares of Swire Pacific Limited, and its shares in Cathay Pacific will be transferred to your Lee consortium in this proportion, and we also ask your lawyers and finance department to participate in this change of equity in Cathay Pacific Airways." ”

Gan Qin and the others didn't expect that Wooden's poetry would actually promote the listing of Cathay Pacific Airways in order to sell the stocks in their hands, you must know that the stock market is not good now, and they will lose a lot of benefits.

And this time Gan Qin and the others really couldn't stop it, this time they directly did not use Swire Pacific to control the shares of Cathay Pacific Airways, and divided 70% of the shares of Cathay Pacific Airways to each of them in proportion to the shares occupied by each shareholder in Swire Pacific Co., Ltd., and when the situation over there came, the shares of the Li consortium would not play a big role.

Once the plan proposed by Woodensey, the Lee consortium will only hold a little more than 20 percent of the shares in Cathay Pacific, and the impact on Cathay Pacific will be very small.

Gan Qin said: "Mr. Shi Huaiya, this plan is too complicated, our major shareholders are okay, but how do you make decisions about the shares of those shareholders outside." Moreover, the current situation in the stock market is not conducive to the listing of the company, and I suggest that we can discuss this issue later. ”

Guo Lingming said: "I support Mr. Shi Huaiya's opinion, in Cathay Pacific Airways, since we have several shareholders have disagreements, it is beneficial for everyone to separate them in this way, if the Li consortium thinks that Cathay Pacific is a high-quality industry, then we can take over the shares we transferred, so it will not make everyone embarrassed." ”

This is a plan that he and Wooden's Shihuaiya have been thinking about for a long time, because there is a provision on Swire Pacific Co., Ltd. that the transfer of shares in subsidiaries can only be carried out with the consent of two-thirds of the shareholders, and this provision was originally customized to protect the interests of the Shihuaia family, but now it has become a clause restricting them.

After the division of shares, once the listing is initiated, they will find institutions to raise funds, and they can give up some of their shares, and it will become impossible for the Li consortium to prevent them from selling their shares.

Wang Xinyu said: "This is irresponsible for you, how do many shareholders who hold our Swire Pacific Company choose, and how do you allocate shares for them at that time." At the same time, once Cathay Pacific becomes independent and the shares no longer belong to Swire Pacific Limited, the market value of our Swire Pacific shares will definitely fall sharply, which is quite detrimental to the development of Swire Pacific Limited. ”

"Ms. Wang, Mr. Guo and I already have a perfect plan for dealing with this aspect, and although the market value of Swire Pacific will shrink, it will not affect the interests of shareholders, so you can rest assured," said Wooden. ”

Gan Qin and the others saw Wooden, Shihuaiya, and they were determined to sell the shares of Cathay Pacific Airways, and they probably couldn't stop it. Now we can only delay the time as much as possible in the division of equity, and at the same time let Li Sheng complete the operation of the airline quickly, otherwise it will not be easy to do it at that time.

Gan Qin said: "Mr. Shi Huaiya, this matter is too important for a few of us to decide, we will report your proposal to Li Sheng, and ask you to consider the interests of our shareholders and postpone this operation." ”

Wooden's Wyaw is not willing to let the Li consortium delay time, he knows that the Li consortium is currently discussing the purchase of aircraft with Boeing and Airbus, and if he waits for a while, he is afraid that the Li consortium will not care whether the shares are sold or not.

"On the issue of a split, as long as more than half of the shareholders agree, it can be operated, and this aspect is not subject to the consent of two-thirds of the shareholders, and your group lawyers can study the company's regulations in detail," Woodenstone said. Mr. Guo and I are in favor of this treatment, so your objection is useless, this time we are just informing you, and I also ask you to arrange for the financial and legal staff to come over tomorrow to divide the equity of Cathay Pacific Airways. ”

Gan Qin said with a cold face: "Mr. Shi Huaiya, then there is anything else on the board of directors today, if not, we will leave." Rest assured, our lawyers and treasurers from the Lee Group will come to Swire Pacific tomorrow to account for our share of the Lee Group. ”

Gan Qin was in a very bad mood, and the things that Li Sheng explained obviously couldn't be completed, so she could only go back and ask Li Sheng what to do next.

Seeing the unhappy expressions of these people, Wu Dengshi Huaiya was very excited in his own heart, and since these people became directors of the company, his mood has never been better.

Wooden's Grace said with a smile: "Ms. Gan, today's main issue is Cathay Pacific Airways, now the meeting can be over, if you are busy, you can leave now." ”

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