On the morning of August 9, Lee went to HSBC to meet with its chairman, Shen Bi, hoping to take 30% of the shares of Cathay Pacific in their hands, and then find a way to acquire 70% of the shares held by Swire Group.

Li Guangyu's idea is good, taking advantage of the stock market crash, HSBC lost a lot of money from himself, thinking that HSBC would plan to transfer the equity of Cathay Pacific, but his idea was too naïve.

When Shen Bi heard Li Guangyu's intention, he refused Li Guangyu's request to buy Cathay Pacific Airways without even mentioning the sale price.

Li Guangyu said: "Mr. Shen Bi, your HSBC has not much effect on this part of the shares, and the profitability of Cathay Pacific Airways is not very high, and there are not even direct flights to London now, and your performance this year is not very good, this sale of Cathay Pacific shares, at least will not make your HSBC annual report too disappointing shareholders." ”

After listening to Li Guangyu's words, Shen Bi was even more reluctant to sell the shares of Cathay Pacific to Li Guangyu. If it weren't for Li Guangyu pit their British-funded consortium in the stock market, why would his HSBC's profits be so low this year.

Fortunately, for the sake of the reputation of their own groups, several major British consortia did not choose to repay their debts, and they were trying their best to make up for the deficit to their banks, otherwise HSBC would be even more difficult.

Shen Bi said: "Mr. Li, I am very optimistic about the development of Cathay Pacific, especially after you came to propose the share acquisition, which makes me more sure that the future of Cathay Pacific is limitless. The companies you invest in are profitable, and we at HSBC believe in your vision and we intend to hold shares in Cathay Pacific for the long term. ”

Li Guangyu was speechless about this, and he was optimistic about it, so he didn't sell it to himself, which is too annoying, Li Guangyu estimated that if he went to discuss with Swire, it was estimated that Swire Group would not sell his shares to himself, it seems that if he wants to have an airline, he still needs to think of other ways.

Li Guangyu said: "Mr. Shen Bi, you don't have to provoke me with such a reason, in my group, the two companies that belong to public service enterprises are not very profitable, and neither Kowloon Bus nor my wholly-owned Heung Kong Telephone Group have much profit. ”

Shen Bi said: "Li Sheng, with the money you two groups spend, no matter how much profit you have, you can't bear it." Let's say you Kowloon Bus, many of the more remote routes are operating at a loss. I didn't make any money, but your Li Group has a very high status in the hearts of the citizens of Xiangjiang. ”

Shen Bi still admires Li Guangyu very much, since taking over the Kowloon Bus Company, although he has provided some convenience for his group, he has still opened a number of new lines, providing convenience for local citizens. Especially in some places in the suburbs, it is simply losing money, but the Li Group still does it.

Heung Kong Telephone Group is also replacing aging lines for the public, and has also opened a 24-hour service hotline to solve problems for the citizens at any time, and the cost has not increased in the slightest.

Shen Bi knows very well that it is very difficult for a few people in Xiangjiang to do this to Li Guangyu now, if they don't have such a heart at all, they would like to put all the money in their pockets. Otherwise, it is powerless to acquire such a group for billions of Hong Kong dollars, but now it is not very profitable every year, and few people can afford it.

Li Guangyu didn't think about how much money he was going to make on the Kowloon Bus, if it wasn't for the responsibility of the shareholders, he would have increased his investment in it, and the 15% profit line stipulated by Hong Kong has made about 5% of the Kowloon Bus every year in recent years.

Li Guangyu originally wanted to privatize Kowloon Bus Bus, but many shareholders were still unwilling to privatize Li Guangyu and wanted to continue to hold shares, and Li Guangyu was not forced to delist from the stock market later.

Xiangjiang Telephone Company, Li Guangyu has invested a lot for more than a year, as long as the line is renewed, he can maintain it well, and he can use it for many years, and he can make money lying down.

Li Guangyu said: "Mr. Shen Bi, you also know that I buy these public service enterprises, not to make much money, I invest this money in other industries will definitely get more returns than this, I also want to better serve the citizens of Hong Kong, now the development of Cathay Pacific can not keep up with the speed of our economic development in Hong Kong, which is quite inconvenient for the citizens of Hong Kong." ”

Shen Bi is not moved, Xiangjiang is now an airline of Cathay Pacific, and the Xiangjiang government will not approve the Chinese family to enter the aviation field, with the support of the British and Xiangjiang governments, he believes that the development of Cathay Pacific will get better and better.

Shen Bi said: "Mr. Li, I'm really sorry, we HSBC really have no plans to sell, if we have such plans in the future, I will be the first to contact you." ”

Seeing this, Li Guangyu didn't say anything more, he knew that Shen Bi was determined not to sell to himself, and what he said at the moment was just useless.

Li Guangyu said to Shen Bi: "Mr. Shen Bi, although Cathay Pacific is the dominant company in Xiangjiang now, I believe that in the near future, I am afraid that he will not have such a status, and you HSBC still need to be cautious about holding shares, after all, you are only investing with customers' money." ”

Shen Bi said with a smile: "Mr. Li, I'm afraid that it will be difficult for Xiangjiang to establish a second airline, and it is enough for us to have Cathay Pacific, I think the Xiangjiang government will consider our actual situation and will not let the second airline come out to form a situation of malicious competition." ”

Shen Bi didn't know what Li Guangyu meant, this seems to be thinking about getting a new airline out by himself, if this rich person really lets him establish it, the value of Cathay Pacific will be halved immediately. Looking at his approach to public service enterprises, once the airline is established, the price of air tickets will be pulled down by him, and how Cathay Pacific can rely on this monopoly advantage to make high profits.

Li Guangyu said: "Mr. Shen Bi, there are some things that you and I do not have the final say, even if the Xiangjiang government has to make concessions in some aspects. The monopoly of Cathay Pacific Airways has no benefit to the development of Hong Kong, and only the competition of multiple companies can better serve the citizens of Hong Kong. ”

Shen Bi still didn't believe that Li Guangyu could pull out an airline in a short time, at least in the past two years, he didn't want to set up an airline in Xiangjiang.

Shen Bi said: "Li Sheng, we don't have to worry about the depreciation of our shares, the current economic situation in Xiangjiang is not very good, you still think more about the development of your company, the expansion is too fast, the building is high, the foundation is unstable, but it is easy to collapse." ”

Li Guangyu didn't say anything more, and after bidding farewell to Shen Bi, he left HSBC.

After Li Guangyu left the office, Shen Bi contacted Wooden's poetry and told him about Li Guangyu's acquisition of Cathay Pacific Airways.

Wooden's Grace didn't expect the Lee Group to target its own airline again, and it was really ready to buy out the companies of their British-funded consortium before giving up.

Wooden's poetry said: "Mr. Shen Bi, don't worry, we at Swire Group will not give up our shares in Cathay Pacific, and Li Guangyu wants to eat Cathay Pacific is simply a dream." ”

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