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In addition, the steel rolling mill had been operating smoothly for many years and far surpassed other factories of the same level, so the higher-ups let him leave.

"Xiaoshan, if you hadn't been so insistent on pushing production forward back then, telling me that a steel rolling mill has no reason to exist without production, I might still be stuck inside now," Li Huaide said with some emotion.

Chapter 696, Returning to Hong Kong: Taishan Group's Big Move! (Please Subscribe!)

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Hearing Li Huaide's words, Xiao Shan laughed and said, "That's because the factory director is willing to listen to my opinion! The higher-ups can't let ideological issues affect production. Struggles are an internal matter for the steel rolling mill, but the final result of affecting production is something the steel rolling mill can't bear."

Li Huaide nodded, agreeing with Xiao Shan's words.

"By the way, Xiao Shan, I heard you're doing quite well in Hong Kong!" Li Huaide said to Xiao Shan with a smile.

Xiao Shan put down his wine glass and said slowly, "Not bad! Where's the factory manager making his fortune these days?"

“I’m doing some foreign trade now, but I can’t compare to you, Xiaoshan!” Li Huaide said with a slight smile.

Upon hearing this, Xiao Shan knew that Li Huaide had once again embarked on the path of smuggling.

The two chatted about other things, and the meal was a very pleasant one for both host and guests.

After a few more days, Xiaoshan's father-in-law's health had almost fully recovered.

So in early December of 1977 or 1988, the Xiao family returned to Hong Kong.

Although Xiaoshan stayed in Beijing for two months, the Taishan Group in Hong Kong operated very smoothly without any problems.

This is the benefit of completing a closed loop!

As long as there are no internal problems, the group doesn't require much worry when it's running smoothly.

However, during Xiao Shan's absence, a number of matters accumulated that required his attention.

So after Xiao Shan returned to Hong Kong, it took him a full week to finish dealing with these matters.

Another issue is Xiao Jingyan and Xiao Jingshu's schooling.

If they weren't children of Xiaoshan, they would be expelled just for not attending school for the past two months.

Although he wasn't expelled, he still needs to make up for the two classes he missed.

Therefore, Xiaoshan specially hired several tutors to give the brother and sister extra lessons.

After finishing up the tasks at hand, the next step is to prepare for the Taishan Group's annual meeting.

Compared to last year, this year's annual meeting of Taishan Group is much larger in scale.

So much so that the day after the annual meeting ended, the front page of all the newspapers in Hong Kong was filled with news about the Taishan Group's annual meeting.

Xiao Shan was reading reports about the Taishan Group's annual meeting in his office when Zhang Lian, the general manager of Taishan Investment, came to his office.

Seeing Zhang Lian come into his office, Xiao Shan naturally knew that he had come to talk to him about the shares of Hutchison Whampoa.

Although Taishan Group didn't show any activity on the surface that year, Xiaoshan secretly kept having Zhang Lian acquire shares in Hutchison Whampoa.

Now that Zhang Lian has come to him, it means that the acquisition of Hutchison Whampoa's shares is almost complete.

Sure enough, upon meeting Xiao Shan, Zhang Lian couldn't wait to tell him that they were ready to take control of Hutchison Whampoa with their shares.

After hearing Zhang Lian's report, Xiao Shan nodded in satisfaction.

After Zhang Lian left, Xiao Shan instructed the Taishan Group's media apparatus to vigorously publicize the change of ownership of Hutchison Whampoa.

Hutchison Whampoa changes hands

Taishan Takes Over Hutchison Whampoa

A Historic Moment of the Rise of Chinese Capital

……

The following day, a deluge of bombshell news shook the entire city of Hong Kong.

The change of ownership of Hutchison Whampoa, the third of the four oldest British-owned trading companies, will even affect neighboring countries and regions.

No matter what achievements Taishan Group has made in the past, for the people of Hong Kong, none of them are as impactful as acquiring Hutchison Whampoa.

Chinese capital had been suppressed by British capital for far too long, and only a few dared to rise up in resistance. Those who dared to bare their fangs at the four major foreign firms were even rarer.

Now, Taishan Group not only dares to challenge the four major trading companies, but has also quietly acquired one of them, which is undoubtedly a source of great excitement for the Chinese community in Hong Kong.

People took to the streets to celebrate this historic moment.

When he received the newspaper, Qi Dezun, the original largest shareholder of Hutchison Whampoa, was incredulous.

But when the Taishan Group took over Hutchison Whampoa's accounts, Qi Dezun had no choice but to acknowledge the reality.

Hutchison Whampoa has indeed changed hands!

thump!

Feeling his blood rushing to his head, Qi Dezun collapsed to the ground.

As Qi Dezun collapsed unconscious, the entire senior management of Hutchison Whampoa was thrown into chaos, looking like a group of helpless, bewildered children.

After simple CPR, Qi Dezun finally regained consciousness.

The bewildered eyes seemed to see through time and space, witnessing the gunfire and medals of war.

All the glory vanished in the blink of an eye. The eleven important and numerous unimportant titles, medals, and ranks he carried seemed to weigh him down with immense force, making it hard to breathe.

Over the years, with his backing in the UK, how many Chinese assets has Qi Dezun acquired through Hutchison International?

The resentment of the Chinese people seemed to solidify at that moment, and erupted instantly.

Chapter 697, A New Official's First Three Actions! (Please Subscribe!)

Having lost Hutchison Whampoa, Qi Dezun felt ashamed before John Bull and was unsure of the future of his family. He had never experienced such a moment of confusion in his life.

"Let's go!" Qi Dezun finally spoke after a long while.

The voice wasn't loud, but it was deafening, sending chills down the spines of all Hutchison Whampoa's management.

At this moment, Lou Xiao'e, who had been sent by Xiaoshan, stepped forward, looked at the group of Hutchison Whampoa executives, and said to Qi Dezun, "You can leave, but they must stay!"

In Lou Xiao'e's view, the former boss is gone and that's that.

But these executives are the ones who want to stay.

Whether it's handing over work or investigating and filing cases, the first three moves a new official makes are to purge, remove, and crack down on a group of people.

Qi Dezun was stunned for a moment, then gritted his teeth and looked at Lou Xiao'e, asking, "Where is your boss? Why didn't he come?"

“Our boss has other things to do, so we can take over Hutchison Whampoa,” Lou Xiao’e said, her words infuriating.

Upon hearing Lou Xiao'e's words, Qi Dezun almost fainted again.

At this historic moment when Chinese capital acquired the four major British trading companies, the main manipulator of it all was conspicuously absent.

This is an insult to Hutchison Whampoa!

"Very good, you've done very well!" Qi Dezun tried to calm himself down and stared at Lou Xiao'e as he asked, "What are you going to do with Hutchison Whampoa next? Sell it off separately?"

As the former headmaster, Qi Dezun knew that Hutchison Whampoa was now just a money-grubbing machine.

More than 200 properties for rent only, numerous docks at the renovated Whampoa Shipyard, Watsons and electrical engineering projects during their expansion phase, the Hung Hom Cross-Harbour Tunnel and surrounding developments...

Previously, HSBC had provided assistance; otherwise, the Qi De family alone would not have been able to maintain such a scale.

Now that Taishan Group has become the largest shareholder, can it still foot the bill for Hutchison Whampoa?

"You don't need to worry about that!" Lou Xiao'e's cold attitude showed that she didn't give him any face at all.

From this attitude, Qi Dezun found the answer.

Qi Dezun gave Lou Xiao'e a deep look, then left in silence.

If Taishan wanted to sell off Hutchison Whampoa's assets, Lou Xiao'e would definitely try to keep him and discuss acquiring the 24.1% stake held by the Qi De family, as this would be in Taishan's best interest.

Since Lou Xiao'e did not mention this matter, then Taishan Group and Qi De family are doing the same thing.

The goal is to maintain Hutchison Whampoa's current size and gradually digest it, rather than dismantling and selling off the entire company.

Doing so would preserve the entire Hutchison Whampoa, but the costs during the assimilation process would be enormous.

Taishan Group is currently operating at a loss of 37.3% and does not yet want to acquire the 24.1% stake held by the Qide family. Therefore, the Qide family will continue to operate at a loss along with Taishan with their 24.1% stake.

If you don't want to suffer losses, then just sit back and watch Taishan inject capital and wait for the Qide family's shares to be diluted.

If you don't want your shares diluted, then just go along with Taishan's investment and wait for Hutchison Whampoa Group to turn a profit.

The Kee family did the same thing before, outlasting a bunch of Chinese shareholders and diluting a bunch of British shareholders, forcing HSBC to reluctantly remove this cancerous tumor.

Now it's the Qi De family's turn to suffer retribution, and Tai Shan is doing exactly the same thing as them.

The goal is to wear them down to death, turning them into nourishment for Hutchison Whampoa.

Qi Dezun regretted reducing his shareholding by so much.

Otherwise, it wouldn't give anyone the opportunity to take advantage of the situation.

At the same time, Qi Dezun was also confused about the near future. Should the Qi family take the opportunity to cash out at a high price and leave, or continue to hold on and wait for Hutchison Whampoa to rise again?

Of course, this has now completely deviated from the original intentions of the Qi De family, and the fate of Hutchison Whampoa is no longer in their hands.

The fall of Hutchison Whampoa will be a signal for attack. Qi Dezun seems to have already seen it: the frenzied Chinese capital, brandishing swords and spears, striding forward...

After Qi Dezun left, Lou Xiao'e immediately convened a board meeting to purge the remaining members of the Qi De family.

Addressing the board members who had come to attend the meeting, Lou Xiao'e cleared her throat and said, "I am convening this board meeting as the representative of the controlling shareholder. Before that, please check if there are any problems with the share certificates!"

After Lou Xiao'e finished speaking, she distributed the prepared materials to everyone.

“Ms. Lou! Everyone’s time is precious. If you have something to say, say it as soon as possible. There’s no need to waste time here,” a John Bull director said unhappily.

What's wrong with a photocopy of a share certificate?

Even Qi Dezun has admitted it, so what right do they have to deny it?

It's all about the victors and the vanquished; isn't the purpose of keeping them alive just to settle scores?

"We currently hold 37.3% of Hutchison Whampoa's shares, giving us controlling interest. According to regulations, we have the chairman's seat and three board seats, and we have absolute decision-making power over the company," Lou Xiao'e said solemnly. "Now, on behalf of Mr. Xiao, I hereby announce that I will assume the position of Chairman of Hutchison Whampoa Group, and Mr. Zhao Yongqiang, Mr. Qian Desheng, and Mr. Sun Baolin will serve as directors!"

These three individuals are talents that Taishan Group has gradually cultivated over the past two years.

Chapter 698, Li Ka-shing, an innocent bystander caught in the crossfire! (Please subscribe!)

"Give way!"

To everyone's surprise, Zhao Yongqiang showed absolutely no mercy.

After Lou Xiao'e finished her announcement, she went alone to the director who had spoken earlier and asked him to give her his seat.

The John Bull director chuckled and stood up to offer his seat.

Now that Hutchison Whampoa has changed hands, the conflict between the former and current leaders is irreconcilable, and neither side needs to save face for the other.

“Ms. Lou, I am resigning from my position in finance.” At this moment, a John Bull director stepped forward.

Hutchison Whampoa Group is destined to undergo a major overhaul from top to bottom, especially in finance and legal affairs, unless the managers at Taishan are all brain-dead and would hire outsiders.

Lou Xiao'e nodded, and then announced that a large number of personnel drawn from various parts of Taishan would be placed in various important departments and departments under their jurisdiction, so as to firmly grasp the power of Hutchison Whampoa.

"Gentlemen, please wait a moment..." Just as the board meeting ended and the Qi De family was preparing to hand over management, Lou Xiao'e called out to them.

After clearing out some unimportant people, Lou Xiao'e took out several documents and slowly said, "Please take a look at these documents first. Is there anything wrong with them?"

Several members of the Qide family took the documents, and before they could even finish reading them, their expressions changed drastically.

Each and every incident, each and every detail, records the loopholes that were uncovered from their actions.

Once this evidence is handed over to the court, the amount involved is so large that it could keep them in prison for the rest of their lives.

The Qi De family never leaves a trace when they do things; the only evidence can point to these scapegoats who are ready to be discarded at any time.

Through these shady, underhanded methods, the Qi De family was able to prevent the losses on their 24.1% stake from being diluted.

In an instant, all the executives were filled with despair.

Only one Chinese executive looked up and asked, "Ms. Lou, what do you want to do with us?"

If they really wanted to settle scores with them, Lou Xiao'e could bring the investigation team over directly.