997 acquired SATS Group, Singapore's largest airport services company
In the afternoon, Chen Hui looked at the recent stock chart of Standard Chartered Group, Singapore International Tourism Group, and Singapore Energy Group, and now the stock price of Standard Chartered Group is at 81 Hong Kong dollars per share, with a total share capital of 9 billion shares and a total market value of 729 billion Hong Kong dollars (94 billion US dollars), and the recent Standard Chartered Trust Company under the Standard Chartered Group, with the expansion of Standard Chartered Investment Bank, has brought a major positive to the original sluggish Standard Chartered Group's stock price, and the stock price has begun to rise somewhat, and the market value has risen from 91 billion US dollars to 94 billion US dollars!
Chen Hui holds a total of 51% of the shares of Standard Chartered Group, worth $47.9 billion.
The share price of SIG is at S$15 per share, with a total share capital of 200 million shares and a total market capitalization of S$3 billion (US$2.2 billion)!
Recently, the share price of Singapore International Tourism Group has not risen much, and it has been fluctuating at a high level, Chen Hui holds 20% of the shares of Singapore International Tourism Group, worth 440 million US dollars!
The share price of Singapore Power Group closed today at S$16 per share, with a total share capital of 100 million shares and a market value of S$1.6 billion (US$1.18 billion), a small increase, and after the stock price has skyrocketed, it has begun to enter a period of adjustment, Chen Hui holds 35% of the shares of Singapore Power Group, worth US$410 million!
Now Chen Hui's subordinates are secretly buying the stocks of major companies in Singapore, taking away the management rights and management rights of these enterprises, and most of these companies Chen Hui intends to go public in the future!
After a while, Chen Hui slowly looked at the information of listed companies with a market value of S$1 billion in Singapore.
There are 50 stocks currently actively traded on the Singapore Exchange with a market capitalisation of $1 billion or more with a dividend yield of at least 3%.
In addition, the FTSE Singapore Index, which is dominated by the constituents of the Straits Times Index and large-cap stocks, also maintained a dividend yield of 3.5% as of the end of March, the highest among the 11 equity market indices in Asia. The index also includes the largest stocks in the FTSE ST Mid Cap Index by market capitalisation.
According to a report published by SGX My Gateay, the 50 actively traded stocks with a market capitalization of $1 billion or more have high dividend yields, but the average return is minus 4.3% year-to-date, compared with minus 1.1% in the past 12 months.
The five top performers of the 50 stocks have added dividends to the year with an average return of 21.2%, namely Yuexiu Property (31.8%), Sheng Siong (24%), SATS (18.7%), First Reit (16.2%) and Starhill Global REIT (14.7%).
After thinking about it, Chen Hui called his assistant.
At this time, several assistants came to Chen Hui's office and hurriedly said, "Chairman!"
Chen Hui asked, "How many shares of SATS Group have you bought?"
"Has the shareholders' meeting been held?"
SATS is Singapore's largest airport service company!
Singapore's Largest Airline Catering Leader!
It is also a monopolist in the airport service industry!
SATS LTD has been operating more than 80% of Changi Airport's cargo and ground handling business, the main business includes terminal ground handling, freight, catering, security, etc., with a number of wholly-owned subsidiaries and two holding companies, with more than 10,000 employees, is the most important channel for Singapore Airlines' overseas investment, and has established joint ventures in many major city airports in the building, and it has won the "Asia's Best Air Cargo Terminal Operator" award at the Asian Cargo Industry and Supply Chain Awards for 10 consecutive years!
SATS was originally a subsidiary of the former Temasek Holdings, which held 40% of the shares of SATS, but after the bankruptcy of Temasek Holdings, the 40% shares were dispersed to many financial institutions in Asia!
SATS currently has a market capitalization of S$1.34 billion (about US$1 billion)!
Chen Hui will make a move on Singapore Airlines in the future, so he will first acquire SATS Group, the downstream service provider of Kapo Airlines!
The assistants respectfully said:
"Chairman, we have acquired 40% of the shares of SATS Group!"
"That's a total of $400 million!"
"Chairman, we have the support of a major shareholder of SATS, but he wants to be the new chairman of SATS!
"The chairman will hold a general meeting of SATS in the evening, and the board of directors of SATS will be re-elected, and we will definitely be able to obtain the management and management rights of SATS!"
Chen Hui nodded, and asked again, "Who is the major shareholder?"
SATS is still in the hands of Singapore's sovereign fund, which holds 30% of its shares and is ostensibly the largest shareholder!
The assistants said: "Chairman, he is Mr. Hong Jiyuan, who holds 10% of the shares of SATS Group, and is an executive director of SATS Group!"
"Chairman Hong Jiyuan is already on his way over, do you have time in the evening? He wants to ask you for dinner!"
At present, they rarely buy shares in companies on the stock market, but quietly contact those shareholders and offer reasonable and attractive terms to gain control of these companies!
Chen Hui shook his head and said, "I still have dinner tonight, let's eat dinner next time, you guys will finish SATS Group tonight!"
The assistant said respectfully: "Okay, chairman!"
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About half an hour later, a middle-aged man, led by his assistant, came to Chen Hui's office.
"Mr. Hong, this is our chairman!"
"Chairman, this Mr. Hong Jiyuan!"
The middle-aged man's name is Alex Hungate, and he feels Chen Hui's powerful momentum, making him feel small, and he feels like facing a magnificent Mount Tai!
At this time, a voice that was not salty or light came, accompanied by prestige.
"Sit!"
Hong Jiyuan was very nervous in his heart, and sat opposite Chen Hui with some depression.
Chen Hui looked at the middle-aged man in front of him with a smile and did not speak.
Hong Jiyuan couldn't help but lower his head, Chen Hui's eyes were too piercing, and he felt the same as the sun looking at each other.
After a while, he adjusted his nervousness, and opened the door directly to the point: "Mr. Chen, this, this time I came..."
Chen Hui smiled slightly and said lightly: "Mr. Hong, don't be nervous!"
"Have a cup of tea first!"
"Thank you!" Hong Jiyuan took the tea sent by his assistant and took a few sips slowly.
At this time, Chen Hui said: "You will hold the position of chairman of SATS Group in the future!" Looking at Hong Jiyuan's excited expression, Chen Hui said again: "However, there are a few conditions!"
Hong Jiyuan immediately said: "Mr. Chen, you just say it!"
··
Ten minutes later, Hung left Temasek Tower in a hurry to attend SATS' shareholders' meeting!
Half an hour later, SATS announced that the board of directors was re-elected, and the new chairman and CEO of SATS was appointed by Hong Jiyuan, the former executive director!
Chen Hui received a report from his assistant and left his office satisfied!
Again won a large enterprise!
···
At this moment, at the headquarters of Singapore's sovereign wealth fund, Lin Zhaojie is having dinner with a group of high-level executives, talking and laughing.
On a rare day of leisure, he has just signed several major international contracts and solved many potential crises, which makes Lin Zhaojie feel good.
His appetite was also broadened, and he began to talk and laugh.