Chapter 420: Another Blow

In order to tie up the Singapore consortium to their side, Wu Dengshi and others have conceded a lot of benefits for this, hoping that these companies will be able to resist the attack of the Lee consortium with them in the future, and now their pressure is too great.

Just after they won over several major families in Singapore in the morning, the news from the Xiangjiang government in the afternoon gave them another hard blow, especially for Wu Dengshi Huaiya and Shen Bi, this news was quite unfavorable to them.

Just this afternoon, the Lee consortium's application for the establishment of an airline was approved by the Hong Kong government, and the Lee Group can now officially set up their own airline in Hong Kong, and this time the Li Group has also obtained 16 routes including Tokyo, Taipei, Singapore, Bangkok, London, Los Angeles, and Sydney.

You must know that Cathay Pacific does not have routes to Los Angeles and London, and the airlines of the Lee Group have not yet appeared, and they have obtained so much shipping, which has caused them Cathay Pacific to suffer a huge blow, although their airlines are not listed, but the current market value has immediately decreased by two or three layers, and their monopoly has been broken.

The news of the approval of Lee's Airlines has excited countless Hong Kong citizens, who hope that Lee's Group can complete the formation of the company as soon as possible, and at the same time arrange the departure of the route as soon as possible, so that they will no longer have to endure the poor service of Cathay Pacific.

They have great confidence in the Lee Group's airlines, and they believe that the Lee Group has built airlines to serve them, which is the reputation of the Lee Group for the quality service of Kowloon Motor Bus and Heung Kong Telephone Group over the past few years.

Shen Bi sighed helplessly in his office, his previous policy was very good, winning over the Chinese family, consolidating HSBC's position in Xiangjiang, and it was indeed good in the early stage, but the rapid rise of the Li Group made him feel threatened.

Especially when the Li consortium wants to enter the banking industry, Shen Bi will suppress it like that. Because he knows very well that once the Li consortium establishes a bank, it will definitely be his biggest opponent. The Chinese family will choose his side, and their efforts over the years will be in vain, but unfortunately they still can't stop him from entering.

When Li Guangyu asked himself to buy Cathay Pacific Airways, Shen Bi knew that there would be such a result today, but he didn't expect it to come so quickly and so fiercely. In this acquisition, not only was Swire Pacific Co., Ltd. occupied nearly one-third of the shares by the Lee consortium, but Wheelock was swallowed by Lee Guangyu, and the British-funded consortium suffered extremely heavy losses.

He didn't know how long Jardine and Taikoo would last, once they also fell, then it would be his turn and the scum, and now there is no consortium or family in Xiangjiang that can stop the rise of the Li consortium.

Shen Bi sometimes wonders if HSBC would be in a better situation if he hadn't suppressed the Li consortium at that time, and perhaps HSBC and the Li consortium would still have cooperated in many aspects.

Shen Bi is still thinking about his 30% stake in Cathay Pacific Airways, and he knows that the sooner he makes a move, the better, and once the establishment of the Lee Consortium Airlines is completed, the value of Cathay Pacific Airways shares will become even lower.

He sometimes doesn't understand Li Guangyu's thoughts, Li Guangyu is a person who attaches great importance to profits, just look at his many groups. In recent years, the profits of the Kowloon Bus for the Li consortium did not exceed 100 million Hong Kong dollars, and you must know that if Li Guangyu invested 400 million Hong Kong dollars in other enterprises, it would be easy to double it or two.

The Xiangjiang Telephone Group is even more ruthless, not only did it not make money, but the Li consortium also invested hundreds of millions of Hong Kong dollars in it. This is quite unusual in Hong Kong at present, but the Li Consortium is welcomed by countless Xiangjiang citizens.

Shen Bi is sure that once the Li consortium enters the airline, then the price of the air ticket in Hong Kong will be reduced by at least two layers, and Cathay Pacific will not be able to compete with the Li consortium at all, unless Cathay Pacific also adopts such a low profit, but he is a bank, how to explain to customers if the investment is not profitable.

At six o'clock in the evening, Wooden's Wyair called the London family to report on the establishment of an airline by Lee Guangyu, and asked him what he was going to do about it.

And the family's opinion is that he should decide according to the situation, if he feels that the airline is not good, then he will sell the airline at the current high price, and they don't want to run unprofitable business like the Li consortium.

In terms of public service enterprises in Xiangjiang, other family consortia do not want to enter any industry that Li Guangyu enters, and it is too pitiful to enter. The Li Group adopts low profits, the Xiangjiang government stipulates a profit line of 15%, and the Li Consortium has 5% of these enterprises, which is good, and they don't have so much money to play with the Li Consortium like this.

The British-funded consortium wanted to sell its airline, and there was a group of people who were also restless after learning that the Lee consortium had obtained the permission of the airline.

In Huo Yingdong's mansion in the evening, Huo Yingdong, Hu Yingxiang, and Cao Guangbiao were discussing some news today.

Hu Yingxiang said: "This time Li Guangyu's counterattack is really sharp, some time ago the Li Group was jointly suppressed by the British consortium and the Singapore consortium, which can be said to be controlled everywhere, and even some English media began to sing about the Li Group, but this time it slapped them in the face." ”

Fok Ying-tung was also very happy about this, and the less the power of the British-funded consortium in Xiangjiang, the better, and the more beneficial it would be for the mainland to recover Xiangjiang.

Cao Guangbiao said: "Yingdong, I am looking for you and Ying Xiang this time mainly to discuss the issue of airlines, this time Li Guangyu Airlines has passed the approval, can we also establish an airline, we will develop the main industry to the mainland, and promote the exchange between our Xiangjiang and the mainland." ”

Cao Guangbiao's idea is good, but it is almost impossible to realize it at present, not to mention that the airlines themselves and others cannot apply for it, even the route problem cannot be taken down, Li Guangyu does not know the mainland market, but why he does not have a mainland route this time, and the British government will not allow him to open a mainland route at all.

Huo Yingdong said: "Guangbiao, I know some of your thoughts, but we can't do it in the current environment, you look at Li Guangyu, how much movement has been made for this airline, and in the end, the Xiangjiang government allowed him to open routes to 16 cities, and the mainland was directly excluded, and these 16 cities still need the Li Group to communicate one by one, and I don't know when it will be completed, and it may be more difficult for us to establish an airline ourselves." ”

After Hu Yingxiang and Cao Guangbiao heard this, they were also a little disappointed, but Cao Guangbiao did not give up. He said: "Since the Hong Kong government can agree to Li Guangyu to establish an airline, it means that the Chinese family still has a chance, and I will also apply for a try this time." ”

Huo Yingdong saw that Cao Guangbiao was determined to bump into it, but he couldn't stop it, he really thought that the Xiangjiang government could talk so well. They didn't know some news in London, but Huo Yingdong was very aware of the actions of the Li Group over there through some channels.

The fighting on the Xiangjiang side is lively, and the London side is not inferior, but the news over there has been suppressed, and the Xiangjiang side has not reported much on that side.