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Chapter 196 Boss, you are really a prophet!
Chapter 196 Boss, you are really a prophet!
Jardine Matheson & Co. made such a big fuss that it naturally could not be hidden from the Chinese financial group directors on the board of directors of China Gas Company.
Although Li Mingze is the chairman of the board of directors of China Gas Company, in fact, all matters, big or small, are discussed mainly with the other three major Chinese shareholders. Together with the shareholder who has already sold his shares, they form a Chinese consortium and have always firmly controlled China Gas Company, rather than Li Mingze having the final say on everything.
Therefore, the other three shareholders also have very large say in the company.
Only about half an hour after the press conference was held to announce the matter, Li Mingze and four others knew about it.
"40.7%!"
This share ratio filled them with despair.
If their original shareholder was still there, they would not be afraid of the invasion of Jardine Matheson. But now, the four of them together control less than 33% of the shares. How can they compete with the other side?
They didn't even have the strength to resist Jardine Matheson's 'Dawn Assault' and had already lost.
"Oh, it would be great if Old Wu had not sold those shares. In this way, we can continue to have a firm control over China Gas Company!" said a director with regret on his face.
"Indeed, Jardine Matheson has gone too far. They even unilaterally announced that they can take over the China Gas Company. They simply don't take us seriously!" Another shareholder was also filled with anger.
"If I had known this, I should have taken the opportunity to sell all my shares this afternoon. The price was quite suitable, at least I could have made some money. Now they hold more than 40% of the shares, and they will definitely not continue to buy at this afternoon's price. The share price of China Gas Company should soon fall back to its previous price." The previous director added regretfully.
"It's no use talking about this now. Let's discuss how to deal with Jardine Matheson!" Another shareholder shook his head helplessly.
"Response? How should we respond? With the shares they control, we have no power to fight back. It seems that the reputation of this Chinese-funded enterprise is going to be lost. If we had known this earlier, we should have each set aside a portion of funds in the afternoon to increase our shareholdings. Although we may not be able to compete with Jardine Matheson Securities, one of the three largest securities companies in Hong Kong, we are still not without a chance. Now our chance has been cut off." He Tingxi said with a wry smile.
There was actually another reason why Li Mingze and others were unwilling to increase their holdings at noon. They believed that it would be difficult to compete with Jardine Matheson Securities in the process of increasing their holdings. Although they were also developing financial securities business, the gap between their strength in securities trading and that of Jardine Matheson Securities was too large.
Rather than fighting for such a slim chance of winning, it is better to give up. Besides, the raised stock price is not something they can accept.
They were unwilling to increase their holdings at the original share price. When the shareholder wanted to sell shares to them, none of them wanted to take over. Moreover, the share price had been increased by 35% now. How could they possibly increase their holdings?
"Don't lose heart, maybe we still have a chance to turn the tables. Even if we can't continue to control the China Gas Company, at least we can keep the Chinese brand of this company, and it won't become a British company again!" Li Mingze, who had been silent all this time, said this at this moment.
The person he was thinking of was Lam Ho Yin, Chairman of Hong Kong Electric Group.
Before the New Year, Lin Haoran approached him, hoping to buy his shares, but he did not agree at that time.
Moreover, it is known to everyone that Hong Kong Electric Group, controlled by Lin Haoran, holds 7.2% of the shares.
"What opportunity?" Hearing Li Mingze's words, the other three immediately looked at him, but none of them held any hope. To them, the current situation was like a dead end, and it would be useless even if they asked for help from the bigwigs of the Chamber of Commerce.
The Hong Kong Chinese General Chamber of Commerce is very small, with only more than a hundred members, all of whom are members of the Chinese General Chamber of Commerce.
These businessmen, at their current status, have neither high nor low financial status, and it is basically difficult for them to improve their business status any further, so the only thing they value most is face. So unless there is no other way, they actually do not want the China Gas Company to be taken back by British companies from them, because it would be very embarrassing.
"Everyone should know that the Hong Kong Electric Group now holds 7.2% of the shares, and the boss of the Hong Kong Electric Group is also Chinese!" Li Ming said with a smile.
The other three people naturally knew this, but because they had no connection with Lin Haoran, and the relationship between Hong Kong Electric Group and Jardine Matheson has always been good, they did not consider Lin Haoran.
"Mr. Lin Haoran may not be willing to cooperate with us to jointly resist the invasion of Jardine Matheson. As far as I know, the Hong Kong Land Group and the Hong Kong Electric Group under Jardine Matheson jointly developed a piece of land in North Point years ago. What's more, the shares they hold plus the shares we hold are only about 40%, which is not enough to resist Jardine Matheson." He Tingxi said with a wry smile.
"Everyone, you may not know that Mr. Lin Haoran approached me before and hoped that I could sell him the shares of China Gas Company. He has sufficient funds to acquire our China Gas Company, but I did not agree at that time.
But later I specially invited him to join our Hong Kong Chinese General Chamber of Commerce, and he agreed. Now I have asked the Chamber of Commerce to go through the procedures, and soon he will become a member of the Hong Kong General Chamber of Commerce and one of ours.
Why don't we increase our holdings in China Gas? Isn't it because we are short of money? But Mr. Lin Haoran is not short of money. In addition, he intends to acquire our company. In addition, he holds a lot of shares. Now he is the only one who can resist the acquisition of China Gas by Jardine Matheson! "Li Mingze then told everyone what happened before.
With money and shares, if he is willing to help, there is indeed a great chance that he can withstand this wave of attacks from Jardine Matheson.
"But, in the absence of any interests, and the Hong Kong Electric Group has a good relationship with Jardine Matheson, it is impossible for Mr. Lin Haoran to help us, right? Although Mr. Lin is very capable, he is still young. Besides, he has only been in the business world for a short time, so his ideas may not be the same as ours." He Tingxi raised a question.
"We can give him the controlling rights and promise that he can serve as chairman of the board of directors as long as we can repel the invasion of Jardine Matheson. As for the stocks, if the price he offers satisfies us, we can sell them to him. Anyway, given the current situation, it is impossible for us to continue to control the China Gas Company, and there is not much point in holding the stocks." Li Ming replied.
"That's one way. If China Gas is not acquired by Jardine Matheson and we can sell it at a good price, I will sell my shares. I don't have any expectations for China Gas now. If Jardine Matheson succeeds in seizing the controlling stake, the company's future profits will definitely be diluted by them, or they will continue to invest without dividends. At that time, it will be meaningless for us to hold the shares." A director said with a wry smile. Just like Hong Kong Land and the former Wharf Holdings, it is basically impossible to get dividends from holding their shares.
For example, the Hong Kong Land Development Group, when it has money, will basically continue to invest and develop real estate. Dividends? Absolutely a lot.
The same was true for Hutchison Whampoa before it was acquired by Bao Yugang. Most of the money earned was invested in the construction of Harbour City. The company was even in debt every year. How could it have money to distribute dividends?
Therefore, they were unwilling to continue holding shares in the China Gas Company, which was controlled by Jardine Matheson.
"Now we can only look for him and try our luck. It is impossible for us to compete with Jardine Matheson. Mr. Li, why don't you contact Mr. Lin Haoran now? Jardine Matheson has already announced its successful acquisition of China Gas Company without our knowledge. If we can give Jardine Matheson a good slap in the face, we will feel relieved." He Tingxi said directly.
"Okay, I'll contact him right away. Although I don't know where he is now, I have Mr. Lin's pager number and can try to contact him at any time." Li Ming nodded.
After saying that, he took out the number he had written down and dialed it.
At this time, the first generation of mobile phones, commonly known as "big brothers", had not yet been officially put into commercial use.
Therefore, if you call someone and they are not at their phone, you usually cannot get through.
Therefore, the best way to contact is to call the other party’s pager.
As for the "big brother" mobile phone, it will take at least another five or six years for it to officially enter the Hong Kong market and become a popular communication tool.
Lin Haoran was still at the Hong Kong Electric Group at the time. As for what happened at Jardine Matheson, he immediately received a report from Cui Zilong, the general manager of Oriental Newspapers Company. He received the news much earlier than Li Mingze and others, because Oriental Daily was also one of the media invited by Jardine Matheson.
The last time, when the Hong Kong Land Group cooperated with the Hong Kong Electric Group, the Hong Kong Land Group did not invite the Oriental Daily News, but only invited three media outlets with which they had a relatively good relationship.
But this time is different. This time, Jardine Matheson has invited more than a dozen mainstream media. It would be unreasonable if they didn’t even invite Oriental Daily, the newspaper media with the largest sales volume in Hong Kong.
Even Lin Haoran was a little surprised to learn that Jardine Matheson actually held 40.7% of the shares of China Gas Company, but it was also expected.
But it was just surprise.
For him, if Li Mingze and others were willing to sell their shares to him, it would be of no use even if Jardine Matheson held 45% of the shares, because he held more shares.
But if Li Mingze and others are unwilling to sell their shares to him, then how many shares Jardine Matheson holds, and what does it have to do with him?
Therefore, he now wants to see what Li Mingze's attitude is.
While chatting with Chen Shoulin in the office, there was a beeping sound from the pager.
Lin Haoran picked up the pager, looked at the number, and dialed back without hesitation.
"Hello, this is Lin Haoran. Who is this?" Lin Haoran asked directly after the call was connected.
"Mr. Lin, this is Li Mingze. Where are you? I want to talk to you about something." Li Mingze asked on the other end of the phone.
You came to me so soon?
Lin Haoran was slightly surprised, but immediately covered it up with a smile and replied, "Happy New Year, Mr. Li. I am currently at the headquarters of the Hong Kong Electric Group. If it is convenient for you, you are welcome to come and sit down. I have prepared tea and am waiting for your visit."
Li Mingze is over 70 years old, ten years older than Lin Haoran's father, and indeed deserves a respectful title.
Hearing Lin Haoran's invitation, Li Ming readily agreed: "Okay, I'll be there in about half an hour, please wait."
He hung up the phone in a hurry before he finished speaking, obviously anxious to keep his appointment.
After hanging up the phone, Lin Haoran turned to Chen Shoulin and said with a smile: "Look, Mr. Li Mingze is here."
Upon hearing this, Chen Shoulin said with admiration: "Boss, you are really as good as a god. I admire you very much!"
(End of this chapter)
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