1111 spent $4.5 billion to acquire Singapore Airlines
When Chen Hui woke up on Thursday, it was already past 2 p.m. the next day, and the room was in a mess with all kinds of clothes scattered everywhere.
There was still a pungent smell in the air.
The women on the big bed were lying scattered, looking tired, looking like the red tide had not receded!
Apparently there was a brutal battle last night.
They were defeated!
This is the power of the tiger whip!
Chen Hui shook his head, got up and left the room.
Soon after, he arrived at Temasek Tower, where he went to the trading room before returning to his office.
Sitting in the boss's chair, he quietly looked at the trend chart of spot gold, which was currently fluctuating at the 1301.0 position, and he gently tapped on the table.
"Looks like we're going to have to wait until tonight!"
So Chen Hui leaned back on the boss's chair and closed his eyes.
After a while, several assistants hurriedly walked in and said respectfully: "Chairman, we are back!"
Chen Hui immediately opened his eyes and said, "Has the matter of Singapore Airlines been done?"
Singapore Airlines (SIA), a member of Star Alliance and a subsidiary of SilkAir, was founded in 1947 and is based at Changi International Airport to operate international routes, with a strong route network in Southeast Asia, East Asia and South Asia, and a portion of the Kangaroo market. In addition, Singapore Airlines also operates transpacific flights, including the world's longest non-stop flights operated by the A340-500, Singapore-New York and Singapore-Los Angeles. SIA was also the first airline to operate the world's largest passenger aircraft, the A380!
It has grown to become one of the top 10 airlines in the world!
These assistants were originally arranged by Chen Hui to acquire Singapore Airlines, but now I don't know if the acquisition has been completed!
Chen Hui took down SATS Group before, in order to fully monopolize Singapore's aviation industry!
SATS is Singapore's largest airport service company and Singapore's largest leading airline catering company!
If Singapore Airlines is won now, then it will be a full-scale monopoly in the true sense!
At this time, an assistant was very excited, and he hurriedly said: "Chairman, we have successfully acquired 50% of the shares of Singapore Airlines!"
Previously, Singapore Airlines was a subsidiary of Temasek Holdings, which held 36% of Singapore Airlines' shares, while Singapore's sovereign wealth fund held 20% of Singapore Airlines' shares, adding up to 56% of the shares, fully controlling the management and operation of Singapore Airlines!
But after Temasek Holdings went bankrupt, those shares went to financial companies all over Asia, including some of the big airlines, at low prices!
And they recently traveled around Asia and bought back these shares at a premium price, a total of 36% of the shares!
At the same time, it also quietly absorbed the shares of Singapore Airlines on the stock market, and at the end of the Asian market today, it just acquired 14% of the shares!
After hearing the completion of the acquisition, Chen Hui nodded with satisfaction, so he opened the latest information of Singapore Airlines and looked at it, and now Singapore Airlines ranks 968th among the world's top 2000 companies, with annual sales of 12.2 billion US dollars, annual net profit of 300 million US dollars, asset size of 17.9 billion US dollars, and market value of 9 billion US dollars!
After a brief look, Chen Hui asked, "How much money did you spend this time?"
The assistant immediately said: "Chairman, a total of 4.5 billion US dollars!" Recently, they quietly absorbed the shares of Singapore Airlines, which made the stock price of Singapore Airlines rise a lot, and in addition, they bought 36% of the shares from major Asian financial institutions and some large airlines at a price almost a little higher than the market price, so they spent a lot of money.
Chen Hui nodded, and immediately paid the $4.5 billion in funds!
At this time, he had $20.5 billion left in his personal deposit account in HSBC!
Previously spent US$7 billion on the Keppel Group, and now we are spending US$4.5 billion on Singapore Airlines!
This money is indeed spent super fast!
Burning money can't compare to the speed at which he spends money!
Tens of billions of dollars in the blink of an eye!
At this time, Chen Hui asked, "What about the spokesperson of Singapore Airlines?"
The assistant said, "Chairman, we have enlisted Wu Junpeng, the president of Singapore Airlines!"
Chen Hui was a little surprised and asked, "Wasn't this Wu Junpeng from Temasek Holdings before, and didn't he join Singapore's sovereign wealth fund?"
After the bankruptcy of Temasek Holdings, Singapore's sovereign fund took over Singapore Airlines, and now Singapore Airlines is dominated by Singapore's sovereign wealth fund!
At this time, the assistant hurriedly said: "Chairman, the people of Singapore's sovereign fund plan to replace Wu Junpeng!"
Saying that, the assistant handed Wu Junpeng's information to Chen Hui.
Chen Hui looked at it carefully and said, "Okay, let him come over for dinner tonight, I want to talk to him personally!"
The assistant hurriedly said, "Chairman, now Mr. Wu has come to Temasek Building, and he is currently waiting in the reception room!"
Chen Hui nodded and said, "I happen to be free, so call him up now!"
"Yes, Chairman!" said the assistant and left the chairman's office!
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10 minutes later, the assistant came in with a middle-aged man, and the middle-aged man looked at the big man sitting in the boss's chair in front of him with a shocked face!
Too young!
unimaginable!
And he has a powerful aura, being looked at by this person makes him feel unparalleled oppression and suffocation!
I felt like a chicken that had just learned to walk, facing a fierce tiger, although this tiger did not have any malice, but a glance swept over, and it made him feel chills!
Immediately, he gasped and said respectfully, "Chen, Mr. Chen, hello, I'm Wu Junpeng!"
He didn't understand what was going on either!
Why are you so nervous??
Hiss!!
He suddenly felt uncomfortable for a while, and his face was embarrassed!
Chen Hui immediately collected his momentum, smiled faintly, and said, "Mr. Wu, sit!"
"Let's have tea first!"
"Talk slowly!"
Wu Junpeng hurriedly said, "Okay, Mr. Chen!"
So the two chatted slowly.
When Goh began his tenure as president of Singapore Airlines, the airline suffered a major loss in 60 years in 2011, and he faced two major challenges in the aviation industry.
On the one hand, emerging Middle Eastern airlines, including Qatar Airways and Emirates, are buying a large number of new aircraft and expanding their business class business to attract customers by improving the quality of their services. On the other hand, Malaysia AirAsia and Qantas' Jetstar Airways, which specialize in low-cost operations, are gradually reducing first-class seats and launching a series of preferential activities to fight a "price war" in an attempt to win with low-cost operations.
In 2011, SIA's operating revenue plummeted by 8%, and the company had to stop some business class services.
In last year, the performance finally rebounded a lot with his efforts!
Moreover, Wu Junpeng's high degree is rare among global airline executives, with three bachelor's degrees and double master's titles!
He is a 47-year-old graduate of the Massachusetts Institute of Technology (MIT) with a master's degree in electrical engineering and computer science and a bachelor's degree in computer science and engineering, management science and cognitive science.
I have a lot of experience and resume!
Chen Hui is very satisfied with it!
Time passed slowly in the chat.
In the evening, Chen Hui said: "Mr. Wu, we have a happy cooperation!"
"Mr. Chen, it's my honor to serve you!" Wu Junpeng shook hands with Chen Hui respectfully!
Then the two had dinner together!