In Hong Kong, we build a global business empire
Chapter 292 I hope you will give up the position of chairman
After successfully acquiring 49.9% of the shares of Shipley, Lin Haoran specifically calculated the various expenses: the financing cost was million pounds, the amount paid to the two shareholders reached million pounds, and in addition, the shares acquired on the stock market and the handling fees incurred were approximately million pounds.
In other words, in order to acquire this 49.9% stake, Lin Haoran spent million pounds in one week, equivalent to million Hong Kong dollars.
For him, it was indeed a very cost-effective investment to acquire the controlling stake of a well-known British listed company whose market value exceeded HK$11 billion six months ago for more than HK$ million.
However, it is not enough to just take over 49.9% of the shares. The next step is to take over the control of Shipli and then find a way to compete with competitors.
Of course, he already had a plan when he decided to take over Shipley.
So, at nine o'clock in the morning on August 8, Lin Haoran appeared at the headquarters of Shipley Company on the South Bank of London.
Not only that, Tang Kun also followed him.
After acquiring 49.9% of the shares, Lin Haoran told Tang Bo about this.
After listening to Lin Haoran's detailed explanation, Tang Kun felt shocked, but he also knew that the facts could not be changed.
Moreover, this was Lin Haoran's own decision. He only had the right to persuade, not to stop.
Upon learning that Lin Haoran was planning to go to Shipley Company to seize power today, Tang Kun not only decided to follow him, but also called Chairman Liu, fearing that the junior Lin Haoran would suffer.
Lin Haoran was naturally very happy about this.
After all, both President Liu and Tang Kun have been in London for 20 to 30 years and are considered the local bosses here. With their support behind the scenes, it is indeed much better than Lin Haoran doing it alone.
Compared to Tang Kun, Chairman Liu was more shocked by how Lin Haoran quietly acquired 49.9% of the shares in just a few days.
After all, he originally just wanted to bring Lin Haoran in so that Shipley would have enough funds to resist the vicious competition from the DHL Group.
Unexpectedly, the other party's ambition was so big that he secretly took over half of the shares.
"Haoran, if you continue like this, I don't know how to meet Mr. Beo Stevens. I have a good relationship with him. If I bring you in, you will be directly betraying him!" President Liu said with a wry smile.
The reason why President Liu took over the shares of Shipley Company was because of Beo Stevens's face.
Now, isn’t it like inviting a wolf into the house after Lin Haoran did this?
Moreover, it was he who introduced Lin Haoran.
Beo Stevens would certainly blame him now.
So President Liu had no choice but to smile bitterly.
"Uncle Liu, if I don't invest, how can Shipley compete with DHL Group? In fact, if each of you shareholders can invest another two or three million pounds, you don't need me, a new shareholder, to raise funds.
But since no one is willing to increase investment, does that mean that you also lack confidence in the company's prospects? I easily bought shares from the other two shareholders, which is very telling. Since you are not so optimistic about the company's future, why not let me take charge of the company and give it a try? "Lin Haoran said with a smile.
He may not be familiar with the specific operations of the logistics industry, and can even be said to be a layman, but Lin Haoran's confidence comes from his strong financial resources.
For these shareholders of Shipley, tens of millions of pounds is undoubtedly a huge amount of money.
However, for Lin Haoran, this is just a piece of cake. Even though part of his current cash flow comes from loans, it will not shake his confidence in easily repaying the loan.
Currently, the biggest challenge facing Shipley is just a malicious competitor.
But once Lin Haoran takes over the company, he will have the confidence to prevent DHL Group's malicious competition from failing.
Lin Haoran also knew the DHL Group, abbreviated as DHL. In the future, it would be one of the top three international logistics companies in the world, on par with FedEx of the United States.
But the DHL Group today is not yet as powerful an enterprise as it will be in the future. It is still in the process of development.
Lin Haoran is naturally not afraid of a company that has not yet grown.
What's more, Shipley has too many advantages.
DHL Group's competitive advantage is nothing more than price war.
If it was the previous Shipley company, it would naturally be defeated by the DHL Group.
But now that Shipley has enough funds and can engage in a price war with its rivals, DHL Group's advantages are completely gone.
Moreover, Lin Haoran has already made up his mind that once he takes over Shipley, he will counterattack DHL Group. Why can DHL Group bully Shipley right at its doorstep, but Shipley cannot fight back?
The three of them soon arrived at the 12th floor of the Shipley Corporation's headquarters building, which was where the chairman's office was located.
"Hey, Mr. Liu, Mr. Lin, you are here? I have good news to tell you. Ever since we lowered our prices, our market share has continued to increase. In just one week, our daily order volume has returned to the level of half a year ago. On the contrary, the market share of DHL Group has continued to decline after we announced this decision." As soon as he saw Lin Haoran and others, Beo Stevens, the founder and chairman of Shipley, said to them excitedly.
At this moment, Beo Stevens has not yet realized that his position as chairman is about to be lost.
The Shipley company has always been very famous in the UK. In addition, it has been in business for decades and is a local company. In the absence of price advantage, locals will naturally be more willing to support local companies.
Supporting domestic brands is actually the same no matter which country you are in.
The British also have British pride.
They are still immersed in the glory of the British Empire.
Therefore, it is normal for Shipli to regain the market in a short period of time.
However, nowadays, the bigger the market, the greater the losses.
Because now they are basically operating at a loss, and their purpose is purely to regain market share.
It all depends on how long DHL is willing to play the game with them.
Moreover, Lin Haoran felt that DHL Group would be able to become one of the top three logistics companies in the world in the future and would not stop there.
After all, the UK is one of the most important markets in Europe. How could they give it up easily?
"Mr. Beo Stevens, I came here to talk to you about something." Lin Haoran answered directly.
President Liu also remained silent. At this moment, he didn't even smile when he heard the good news about Beo Stevens. Instead, he remained silent.
Because he had already guessed how Mr. Beo Stevens would react after he learned of Lin Haoran's purpose.
Seeing that the atmosphere seemed different from what he expected, Beo Stevens stopped smiling and suddenly had a bad idea.
The office door was closed, and there were only four people in the office at the moment.
"What's the matter, Mr. Lin?" Beo Stevens asked after the four of them sat down.
“During this week, I have successfully acquired 49.9% of the company’s shares. Therefore, I came here this time in the hope that Mr. Beo Stevens would voluntarily give up the position of chairman.
As the controlling shareholder, I plan to convene a board meeting to discuss and decide on my succession as chairman of the company. In order to avoid surprising Mr. Beo Stevens, I specifically inform you in advance." Lin Haoran got straight to the point and directly explained his purpose.
After hearing what Lin Haoran said, Beo Stevens was struck by lightning and his eyes widened in disbelief.
"Impossible! Mr. Lin, how is it possible that you hold 49.9% of the company's shares?" Beo Stevens retorted in disbelief.
Although Beo Stevens currently only holds 20.8% of the shares of Spree, thanks to the AB share system, his voting rights actually reach 40%.
However, facing the 49.9% shares directly held by Lin Haoran, even though Beo Stevens had a voting right of up to 40%, he was powerless to turn the situation around and lost any possibility of counterattack.
"Mr. Beo Stevens, I have no need to deceive you. Mr. Irwin and Mr. David have already sold their shares to me. In addition, I have also purchased some shares on the stock market. Do you think it is difficult for me to hold 49.9% of the company's shares when I have sufficient funds?
To tell you the truth, I own several listed companies in Hong Kong, and the market value of each of them exceeds that of Shipree, especially the Hong Kong Electric Group, whose market value is close to 500 million pounds. Therefore, acquiring Shipree is not a big challenge for me. "
Lin Haoran's words completely dispelled the doubts in Beo Stevens' heart.
Suddenly, Beo Stevens seemed to have grasped the last glimmer of hope. He turned to President Liu eagerly and said, "Mr. Liu, based on our many years of friendship, you will definitely stand by me and support me, right?"
Chairman Liu holds 8% of the company's shares, which means that if Chairman Liu chooses to support him, Beo Stevens' voting rights will increase by 8% accordingly.
Although this is still not enough to compete with Lin Haoran, coupled with the influence brought by his identity as the founder, he firmly believes that if he does not voluntarily resign as chairman, Lin Haoran may not be able to replace him easily.
In these few short minutes, Beo Stevens' emotions experienced dramatic ups and downs, from his previous joy and confidence, he instantly fell into a cold abyss.
However, this matter was bound to disappoint Beo Stevens.
President Liu sighed. With what happened today, he was really in a difficult situation. It was really difficult for him!
However, when he came over, Lin Haoran had already talked to him.
So he knew that even if he supported Beo Stevens, it would be useless in the face of Lin Haoran's abundant funds.
Therefore, President Liu said directly: "Mr. Beo Stevens, please give up. Mr. Lin will not stay in the UK for too long. In other words, you will only lose the position of chairman in the end!" (End of this chapter)
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