What do you mean by quitting the business? I'm not a big shot.

Chapter 596 Take action
“Nothing has happened yet, but they refuse to do their job.” Yin Zhaotang flicked his cigarette ash, his eyes serious. “Since they refuse to do their job, then let’s find someone else to do it.”

"I have recommended you to the organization to join the preparatory team. Are you confident in leading the police force well?"

Ren Darong's heart pounded, and he whispered, "It's too sudden, I wasn't prepared."

"How long do you need to prepare? A minute, a month, a year?" Yin Zhaotang saw the hesitation on Ren Darong's face, which was so similar to that of Yu Sir back then.

In the torrent of history and the great tide of the times, how many people can be well prepared?
“Just push forward first, then take it one step at a time. Everyone goes through this.” Yin Zhaotang spread his hands and said, “I have faith in you.”

Ren Darong retorted, "Why me?"

"Although you haven't reached the level of commissioner yet, in terms of actual power, you are the number two person in the police force. The organization doesn't have a problem with the police force, but rather feels that Inspector Yu lacks motivation."

“It’s only natural to hand it over to you. If we select another person, the police force will be thrown into turmoil,” Yin Zhaotang said slowly. “You don’t want social chaos, do you?”

A strange ambition was rapidly growing in Ren Darong's heart. Before he even realized it, his thoughts were already written on his face: "Then, what should I do?"

Yin Zhaotang chuckled and waved his hand, saying, "Relax, Ren sir. Just do your job and lead the police team to their positions, that's enough."

Ren Darong interlaced his fingers, leaned down, and asked, "What are your requirements?"

He didn't believe in free lunches, nor did he believe in recommendations made out of thin air; there must be an ulterior motive.

Yin Zhaotang didn't mince words, stating frankly, "Continue investigating the Cross-Harbour Tunnel shootout. It's legal and justified to arrest those foreigners and put them in jail. That way, I won't have to send in gunmen, giving others ammunition to use against me. No problem, right?"

“Hmm,” Ren Darong thought for a moment and nodded, “This is the duty of the police force. The British status of the chairmen of the foreign firms does not grant them any exemption from the law.”

“Using the police force’s power to fawn over foreigners, Inspector Yu made a mistake.”

Yin Zhaotang's eyes lit up, and he nodded, saying, "Brother Rong is indeed the talent the organization needs. Then it's settled. Someone will call you tomorrow to let you know when to attend the meeting."

"The preparatory team holds monthly meetings, and we encourage everyone to attend. However, given the busy schedules of the police force, attendance is not mandatory; attending by phone is also acceptable."

Ren Darong wasn't in a hurry to be happy. He asked cautiously, "Does Inspector Yu know about this?"

“He voluntarily declined to join the preparatory team, so there’s no need to notify him of the newly recommended person,” Yin Zhaotang hinted. “Of course, Yu Sir hasn’t been notified of the power shift within the police force yet. Ren Sir, how do you plan to inform Yu Sir?”

Yu Shaoze must be ousted personally by Ren Darong through internal power struggles. He can't be supported by a江湖 (jianghu) figure or appointed by someone from the mainland, can he?

Even if we do it this way, we can't give anyone a reason to criticize us. It's a good opportunity for Inspector Yam to submit his pledge of loyalty and demonstrate his abilities.

Ren Darong pursed his lips, his expression solemn, and pondered quietly: "The Internal Investigation Department has no right to investigate the Constitutional Committee level, and the dismissal procedure is invalid for the deputy director. The power to investigate at the higher levels is in the hands of the Political Department. Now that Inspector Yu has a good relationship with the Chief Executive, we can rule out the Political Department as an option."

"I recommend using ICAC!"

Yin Zhaotang's gaze towards Ren Darong changed again, and finally he nodded: "Agreed."

Although using the ICAC to eliminate the police force's leader was a somewhat underhanded tactic, Yu Shaoze had already forged a solid wall of Chinese police officers.

Ren Darong's power came from Yu Shaoze. While trying to keep a low profile in mainland China, he used Yu Shaoze's influence to bring down Yu Shaoze.

too naive.

On the contrary, using the ICAC would avoid tarnishing Ren Darong's reputation, maintain police unity, and contribute to social stability. As for whether the ICAC members would be willing to act as scapegoats, well, they're the heads of the police force. Taking him down would certainly bring them recognition and a bright future. Even if it was just for the foreigners' appreciation, ICAC would maintain a tacit understanding. Ren Darong, looking excited, said, "I'll handle the rest."

"Ahua, serve the food."

"Coming, coming." Ren Dahua, covered in sweat, carried the already prepared food to the octagonal table: "Mr. Yin, this is yellow croaker that the boss caught in the pond this morning. It's braised in soy sauce, my specialty."

Yin Zhaotang threw his cigarette butt into the glass jar, stood up, looked at the dining table, and said with a smile, "I remember yellow croaker is a sea fish, you can catch it in the pond?"

Ren Darong put one hand on his hip, pulled out a chair, and explained, "They need to migrate to lay eggs, Mr. Yin."

A week later, Huo Zhengting, carrying documents, pushed open the door to the boss's office and said loudly, "Boss, we've contacted all the investment institutions."

“I split 15 percent of the shares into two performance-based agreements. One agreement was for 10 percent and the other for 5 percent, and I gave them to the two largest investment institutions.”

"Pegasus can raise at least 3 billion HKD through its IPO. With Kowloon's help, raising 5 billion HKD shouldn't be a problem, enough to acquire CLP Power."

Yin Zhaotang nodded, took out a document, and placed it on the table: "Take a look at this."

Huo Zhengting opened the document and exclaimed in realization, "Cheung Kong has submitted a large rights issue plan to the Securities and Futures Commission?"

Rights issues and rights offerings are both ways to issue more shares. The biggest difference is that existing shareholders have a right of first refusal in a rights issue plan, which can ensure that their shares are not diluted.

A good company will inevitably be snapped up by shareholders after it launches a rights issue.

Rights issues, on the other hand, are targeted at specific groups of people or involve a market-wide share issuance, which dilutes equity.

Furthermore, the "rights issue plan" cannot be withdrawn and must be implemented once announced. According to original business intelligence, Cheung Kong Holdings originally planned to issue new shares, but now it has opted for a rights issue, which seems to indicate that it is accelerating its pace and trying to drain the market of funds.

Because rights issues are priced lower, they are inherently high-quality assets and are highly sought after by investment banks.

With a hint of apprehension in his eyes, Yin Zhaotang said, "A rights issue of HK$15 billion is the largest plan in the history of Cheung Kong Holdings."

"Mr. Li is really good at this. Call Mr. Chen and tell him to complete the listing procedures as soon as possible. The listing can't wait any longer."

Huo Zhengting couldn't help but remind him, "Boss, there are a few more market data points that still need time to investigate. Accelerating the IPO is fine, but it carries legal risks."

After a moment's thought, Yin Zhaotang decided to speed things up and waved his hand, saying, "Just do it."

Like academic papers, listing plans are often just a matter of making the experimental results correct and then slightly embellishing the procedures. This is a common practice, and even if someone finds fault with them, it's easy to fix.

"it is good."

Huo Zhengting nodded in agreement and turned to leave. Zuo Shou then entered the office, his expression serious, and said, "Brother Tang, Dajun has been arrested by the police."

A look of surprise flashed across Yin Zhaotang's eyes, and he exclaimed in realization, "Yu Shaoze made this?"

"Yes."

“Inspector Yu, through the Special Branch, found the person who helped Da Jun obtain police guns, and he wanted to drag Lao Zhong into this mess.” Zuo Shou’s tone was efficient, but his eyes were full of vigilance.

(End of this chapter)