Chapter 325 No One Available
Hong Kong Island is too small, so small that it can’t hide any news.
So, when Pao, HSBC and Swire were negotiating at the HSBC headquarters, many wealthy people and financial media got the news.
Everyone who received the news was surprised and confused.
First of all, I was amazed at Bao’s financial resources.
Although Cathay Pacific is not listed, as Hong Kong's current aviation giant, its total value is not low, and 30% of its shares are worth a lot of money.
Most importantly, they couldn’t understand why Bao Yugang spent so much money to acquire Cathay Pacific shares at this critical juncture?
The key is that it cannot achieve controlling stake. Cathay Pacific is not a listed company. Thirty shares may seem like a lot, but it means nothing in front of the Swire family which controls 70 percent of the shares.
In fact, most people don’t understand Bao Yugang’s move.
Even if you are buying for investment, there is no need to choose Cathay Pacific!
Of course, this is also because, at this time in Hong Kong Island, almost no one would look at Cathay Pacific’s positioning from an upright perspective.
It's too early.
However, for Jardine Matheson, the confirmation of this news caused them a headache.
Being able to purchase shares of Cathay Pacific also means that Bao Yugang still has funds in his hands.
The confirmation of this news made Jardine Matheson's boss Newbie want to curse.
Having already bought so many shares of Wharf Holdings, why does Pao still have funds?
The most important thing is that he now has spare money to buy Cathay Pacific, so how much money does he have left?
Next, will he take the opportunity to continue to acquire shares of Hutchison Whampoa?
If this acquisition continues, there will not be many opportunities left for Jardine Matheson!
No matter what, Niu Bijian felt that they couldn't wait any longer!
After looking at the clock on the wall, Newbijian didn't care whether it was evening in London or not. He picked up the phone and called London.
Some decisions must be made quickly!
The Peninsula Hotel, in Li Changhe's suite.
At this moment, Weiers was reporting to Li Changhe on the progress of the negotiations over the past two days.
"Our main disagreement at the moment is actually about the brand value of Pierre Cardin."
"Although the name of Master Pierre Cardin is very famous, the overall value of this brand is still disproportionate to our investment."
"According to our calculations, we need to invest at least 100 million US dollars to run the entire clothing market, while the other party's investment is less than one tenth of that."
“Even if converted into brand value, the value input of both parties is still not equal.”
"The negotiations between the two sides are stuck here. The other party wants no less than 20% of the shares. I think we will lose a lot in this way!"
"So this disagreement cannot be resolved?"
Li Changhe asked Wei Er Si curiously at this moment.
Weiers smiled and shook his head: "Not really, we actually had a new idea this afternoon, so I came to report to you."
“I think we can separate the Bosak Group from our clothing business.”
"After all, Pierre Cardin itself is not very interested in the Bosak Group. It is just to meet our business needs."
"So, we can completely divide the cooperation into two companies. One is to acquire the parent company of the Bosak Group, and our funds will be injected into this parent company, and we will be the major shareholder."
"Then under the parent company, we set up a branch with Pierre Cardin for the separate clothing business based on the sales market and separately confirmed the brand's revenue."
“For example, in Europe and the United States, if we want to use Pierre Cardin’s sales channels, we can set a shareholding standard, while in East Asia, if we buy out Pierre Cardin’s brand license, this can also be an equity standard.”
"It's just that this kind of cooperation is more troublesome."
Wei Er Si said to Li Changhe seriously.
Li Changhe nodded: "It is troublesome, but if the responsibility can be made clear, I think it is not a big deal."
"We have an old saying that brothers should settle accounts clearly, and Europeans and Americans are more concerned about putting interests first."
“So, when talking about money, don’t talk about feelings. Distribute the benefits first, then you can have a long-lasting relationship.” “It doesn’t matter if you register more companies, as long as the rights and responsibilities are well divided!”
Li Changhe didn't mind the method of separate cooperation. After all, it was really troublesome to merge some things together.
"Well, I'm just telling you about this idea. Since you agree, let's talk about it in this direction."
"Also, we must speed up the recruitment process and build our own team."
“Once the new company is successfully registered, our team will have to go to Europe to negotiate with the Velote Group.”
"By then, a lot of manpower will be needed!"
Weiers then reminded Li Changhe again.
Of course he can do these things, but at this time, he cannot take power on his own.
"I told you, this task is up to you. I'm only responsible for getting the money in place."
"The rest, Wells, is up to you!"
Li Changhe said to Wei Er Si with a smile.
Hearing Li Changhe's words, Weiers nodded seriously: "Okay!"
At this moment, he still had a sense of recognition that a gentleman will die for his friend.
After Wei Er Si left, Li Changhe sighed.
He didn't deliberately give Wells chicken soup, the main reason was that he really had no one to use now.
Why did those companies in the past constantly raise funds? They were not just raising funds, but also various talents needed in the process of business development and expansion.
But now, Li Changhe has no channels to discover such talents. Recruiting from Hong Kong, Europe and the United States is actually no different from what he recruits and what Wells recruits.
So instead of spending so much effort on setting up the team, it would be better to let Wells take full charge.
What's more, with Bao Yugang's move against Cathay Pacific, Li Changhe believed that Jardine Matheson must be getting anxious.
After all, no matter whether this matter succeeds or not, as long as Bao Yu takes action, it means that he has a sum of money in his hands.
It would be fine if Cathay Pacific took this money, but if it was confiscated and continued to flow into the stock market, it would definitely not be good news for Jardine Matheson.
So Jardine Matheson must have been discussing strategies.
This actually also means that Jardine Matheson will have to take action soon. After all, without money, Jardine Matheson will have no way to deal with Bao Yugang.
It was night time, and soon the phone started ringing in Li Changhe's room.
"Hey!"
"Ayang, come home!"
Bao Yugang's gentle voice came from the other end of the phone. As soon as Li Changhe heard it, he knew that the matter was settled.
"Okay, uncle, I'll be there right away!"
At the same time, in Kangle Building, in Newbyjian's office, Newbyjian, who had been sitting at his desk waiting for news, finally received a call.
"Boss, Bao has purchased 20% of China Pacific Airways' shares from HSBC for HK$87 million."
Not all 30% were sold, but 20% of Cathay Pacific's shares were acquired.
Bao Yugang took out nearly 100 million yuan in one go.
After confirming the news, Newbijian sighed.
Can't wait any longer!
(End of this chapter)