947 Hands-on for Singapore's Highest Market Cap Company!
The next morning, Chen Hui put Lin Jing on a plane to Spain and returned to Temasek Tower, where Huang Hongnian was waiting for Chen Hui with more than a dozen middle-aged men with extraordinary spirits.
After seeing Chen Hui coming, everyone immediately greeted him.
shouted, "Mr. Chen!"
Chen Hui nodded and said, "Everyone, please come here!",
"Come to my office and talk slowly!"
These people are among the majority shareholders of Singtel Berhad (Singtel Group), and most of them are wealthy families in Southeast Asia.
These hot people hold a total of 10% of the shares of Singtel Group, and this time they came to discuss the matter of Singtel Group with Chen Hui!
SingTel is the largest telecommunications company in Singapore and the second largest wireless network company in Asia, founded in 1879, with 400 million subscribers in 25 countries!
Singtel is the world's largest mobile phone service provider!
The Sintel corporate logo consists of a simple, symbolic ellipse with two squares. The design highlights the company's commitment to innovation, internationalisation and quality service. The oval lines bring out the global vision of ST, the two squares represent emerging digital technologies, and the red and black embody a stable and trustworthy message. The new corporate identity visually reinforces Singtel's pivotal position as a global industry leader.
Singtel Group has been aggressively increasing its presence outside of Singapore, owning stakes in some operators, including a 100% stake in Australian telecommunications operator optus, which acquired shares in the UK's Great Eastern Telegraph and other Optus shareholders in 2000.
His subsidiaries include SingNet (its own network company), NCS Limited (a subsidiary telecommunications company) and its associate company Singapore Post (which has been spun off) and Taiwan 'Bend' New Century Information Communications Limited (sparq*, Singtel holds a 24.5% stake in sparq*) and Sky Media (YAM Sky, Singtel holds a minority stake in YAM Sky) and Heung Kong have a 20.33% stake Shares in APT Satellite, but not controlling shares and APT Satellite is not an affiliate.
Today, Singtel Group has successfully completed its transformation into one of the world's most efficient operators.
The company offers a wide range of competitively priced telecommunications services and provides telecommunications services to companies in 5,000 different countries around the world.
At present, the company has established operations in 23 cities and regions in 15 countries around the world, including Loulou, the United States, the United Kingdom, Dongying, Bangziguo, Malaysia, Indonesia, Annam, and the Xiangjiang and Taiwan 'Bend' regions. With a glorious history of 120 years, the first telecom operator in the true sense of the pan-Pacific region is Singtel Group!
Today, Singtel Group has annual sales of US$13.9 billion, annual profits of US$2.9 billion, assets of US$30 billion, and a market capitalization of about US$40 billion!
The most valuable company in Singapore!
It is ranked 360th in the Fortune 500!
It is also one of the top 10 telecom companies in Asia, and the number one is Edifice Mobile!
Today, the board of directors of Singtel Group is still controlled by Singapore's sovereign wealth fund, which holds a 25% stake in Singtel Group.
Temasek Holdings, which once went bankrupt, holds 20% of the shares of Singtel Group, and after the bankruptcy of Temasek Holdings, the 20% shares are now in the hands of the California consortium and the HSBC consortium!
The HSBC consortium holds a 12% stake in Singtel, while the California consortium holds an 8% stake!
The HSBC consortium and the California consortium fought with the Singapore sovereign fund at the shareholders' meeting, but did not gain any benefits, and the Singapore Telecommunications Group is still under the firm control of the Singapore sovereign fund, and Chen Hui wants to break this situation!
Let Singtel Group become one of the giant enterprises under the Standard Chartered consortium in the future!
··
Chen Hui chatted with everyone in his office for a long time, and there was a lot of talk about the Standard Chartered consortium, and of course a little about how to marginalize Singapore's sovereign wealth fund at the Singapore Telecommunications Group shareholders' meeting.
Things are going well, and when it comes to who will be the chairman of Singtel after the Singapore Sovereign Fund is removed from the Singapore Telecom Group's shareholders' meeting, everyone suddenly looks at me, I look at you, and it seems that they want to stop talking.
After all, the position of chairman of Singapore Telecom Group is extremely powerful, and it can bring unlimited benefits to his family.
At this time, Huang Hongnian looked at everyone's appearances, and suddenly said to Chen Hui: "Chairman, otherwise you will temporarily serve as the chairman of Singtel Group! All of you will enter the board of directors of Singtel Group as executive directors, or arrange your own spokesperson to join the board of directors as executive directors!"
Everyone agreed to Huang Hongnian's proposal.
"Mr. Chen, when the time comes, you will be the chairman of the board for the time being!"
"Yes, Mr. Chen, you are still the chairman again!"
··
Chen Hui thought for a while and said with a smile: "I will not be the chairman of Singtel Group, so I will choose from all of you!"
"See who is more suitable!"
At this time, everyone began to ponder, after all, everyone wants the position of chairman of Singapore Telecom Group!
After a while, there was silence.
At this time, Huang Hongnian said: "It's better to choose one of you from among you to temporarily serve as the chairman of Singtel Group!", he naturally knew that everyone wanted to become the chairman of Singtel Group in the future, and he was a little excited!
Everyone has no opinion on Huang Hongnian's proposal.
Chen Hui nodded and said, "Mr. Lin Yuanxiang, you have served as a director of Singtel Group and have worked in Singtel Group for decades, so you will be the chairman of Singtel Group in the future!"
Lim Yuen Siong is the father of the famous singer 'Lim Jun Kit' and holds only 0.5% of the shares of Singtel Group.
Lin Yuanxiang said with a somewhat excited expression: "Mr. Chen, then I will go into battle again!", in fact, he has retired, but he has worked in Singapore Telecom Group for decades, and this position of chairman does give him great attraction.
··
At noon, everyone had lunch together, and then everyone left, go back and get ready!
And Huang Hongnian stayed alone and whispered: "Chen Shao, the SoftBank Group, the Mitsui Consortium, and the Sumitomo Consortium I contacted before all agreed to sell us the shares of Singtel Group, but the SoftBank Group offered a relatively high price, asking us to pay 15% more than the market price!"
SoftBank Group, Mitsui Consortium, and Sumitomo Consortium hold a total of 20% of the shares of Singtel Group, of which SoftBank Group holds 10% of the shares of Singtel Group, and these shares are worth $4 billion, but now the president of SoftBank Group, 'Sun Zhengyi', wants $4.6 billion to sell!
That's a whole lot more than $600 million!
This Sun Zhengyi is really insatiable!
And Toei's Mitsui Consortium, the Sumitomo Consortium because the Mitsui Sumitomo Financial Group suffered a huge loss of $45 billion in copper in New York, so they did not raise the price, but were willing to sell it at the market price!
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