Chapter 780 Target Hong Kong's third guild meets Defeng guild!

Author: Tiger Crawling on the Fence

Chapter 780 Target Hong Kong's third guild meets Defeng guild!

February 7, 1983.

The 25th day of the twelfth lunar month.

New Year's Eve will be a few days away.

At this time, the Spring Festival is approaching.

Since January 3, during working days, Xiangjiang has been trialing the fraud cases between Jianing Group and Chen Songqing.

There are too many debts, personal evidence, and physical evidence involved. During the trial, Chen Songqing denied that the fraud crimes had nothing to do with him, or directly pushed the crimes to subordinates or others.

So much so that the citizens of Xiangjiang have seemed to have become melon-eating people over the past month. Many people are paying attention to Chen Songqing's news, while Yang Ming is focusing on another thing.

The third largest oceanic farm in Xiangjiang.

Huidefeng Bank.

In 1979, Yang Ming began to plan to swallow Huidefeng Foreign Company.

However, before that, there was no chance.

At this time, Yang Ming felt that the time had come and it was even ripe.

Yang Ming just went to see Teresa Teng.

At this time, when February was about to become the fourth month of pregnancy, Teresa Deng's belly began to become a little obvious.

Yang Ming was still very happy when he thought that he was five months away from being a father.

Yang Ming stood at the window and looked out the window.

"Master, Mr. Merith is here."

"Please come up."

It was when Merith got off work that he received a call from his boss.

When Merith came up, he saw the boss looking out the window and wondering what he was thinking.

"Boss, I'm here."

"Merrith, it's important to tell you two things."

"Boss, you said."

"First, my woman has been pregnant for more than four months."

The boss's woman has been pregnant for more than four months?

Mirith was really surprised.

Before this, he had always hoped that the boss could have children, so he was naturally worried about what happened to the boss and did not have a suitable heir to inherit this huge imperial group.

Now the boss's woman is more than five months pregnant.

"Boss, congratulations!"

When Merith heard the news, he was very happy. He was really happy for his boss from the bottom of his heart.

"Now, among these executives, except you, no one knows. I don't want to say it out for the time being. I will say it out when it's appropriate after the child is born."

Mireth nodded.

The boss's children are destined to be not simple in the future. If they can be a suitable heir, the future will be even less simple.

"Boss, I don't know if it's Miss Sarah or Miss Diana's pregnancy?"

Yang Ming shook his head.

"Not them."

Since it wasn't them, Merith didn't ask any more questions.

"The second thing is about Defeng Foreign Company, the third Hong Kong Ocean Guild. Now it has swallowed up this foreign company and the time is ripe."

The third largest oceanic farm in Xiangjiang?

Yang Ming has swallowed Hutchison Whampoa and Jardine Land.

These two overseas banks are the second largest and the first overseas banks in Xiangjiang, and the rest are Huidefeng and Pacific Foreign Co., Ltd.

However, in terms of Swire Foreign Company, the Shi Huaiya family has concentrated its shares and even cross-controlled shares. It is probably impossible for Imperial Group to swallow Swire Foreign Company.

On the contrary, Huidefeng Foreign Industry is different.

At the beginning, Yang Ming integrated his shipping group and established Xiangjiang First Shipping Group. His real goal was to target Huidefeng Foreign Company.

It seems that after four years of preparation, the time has finally come.

In January 1972, the board of directors of Huidefeng announced that it had changed the 32.175 million common shares issued to A shares, and each two A shares can provide one B shares, with a face value of one tenth of A shares.

, but has the same voting rights as A-shares.

In July 1972 and June 1974, Huidefeng issued large-scale B shares twice.

At that time, insiders estimated that Huidefeng's move was mainly intended to regain control of the board of directors.

Although the issuance of B shares is not a very open and honest thing, it has indeed played a huge role in defending control.

This was also the main reason why the acquisition wars were turbulent from the late 1970s to the early 1980s, but no one went to play Defeng's idea.

However, the "B-share fortress" is also unbreakable.

As long as any external consortium obtains sufficient equity, it is recommended to hold a special shareholders' meeting. By abolishing the privileges of B shares, control will immediately fall into the hands of investors holding a large number of A shares.

Historically, the board of directors of Huidefeng naturally understood this truth. Therefore, after discovering that the Jardines Group still holds a large number of Huidefeng A-shares, it took measures to protect itself.

Huidefeng's main approach is to transform the status of its listed companies' joint enterprises from subsidiaries to associate companies. The specific measure is to reduce its holdings in joint enterprises from the original 50.7% to less than 50%.

Because under the Hong Kong Company Law, subsidiary companies are not allowed to hold parent company shares unless they have already held them before becoming a subsidiary.

After the joint venture is converted from a subsidiary of Huidefeng to an affiliate, it can hold Huidefeng shares.

That year, the joint enterprise injected two cargo ships into its subsidiary Baofu Development, and sold its shares to the same real estate trust to raise funds to continue to absorb Huidefeng shares.

By the end of 1981, the shares held by Huidefeng had increased to 10.99%.

At that time, securities industry insiders analyzed that the board of directors of Huidefeng seemed to intend to train the joint company to become a major shareholder of Huidefeng Company in order to assist the board of directors of Huidefeng to defend control.

However, the battle to acquire Huidefeng did not break out. At that time, Jardine's land was also coveted by Chinese tycoons. Later, it fell into financial difficulties due to serious mistakes in its investment strategy. In the face of being unable to take care of itself, it was natural

The acquisition cannot be launched.

In history, Huidefeng has indeed played a huge role in defending control by issuing A shares and B shares. Generally speaking, it is difficult for other consortiums to break through.

It is precisely because of this that although Yang Ming has long been interested in Huidefeng Foreign Company, he has never had the opportunity to start. Just like the Joseph Family Jardine Company in history, he wants to acquire Huidefeng Foreign Company, but he has no way to acquire it.

.

But there is a saying that.

Fortresses are often breached from the inside.

If the Zhang family, the largest shareholder of Huidefeng Bank, worked closely with the second largest shareholder John Madang, there would be no conflicts, and other consortiums could not swallow Huidefeng Bank.

Now, the fortress of Huidefeng Foreign Company has problems inside.

"Boss, are you suitable to acquire Hui Defeng?" asked Merith.

Merith already knew that his boss wanted to acquire Defeng Foreign Company, the third guild in Xiangjiang.

Now the opportunity is really here.

"As far as I know, the conflict between the Zhang family and John Madang was getting deeper and deeper at this time, and the Zhang family was very likely to sell all the shares of Huidefeng Foreign Company."

Merith was really shocked when he heard this.

While others were paying attention to the case of Chen Songqing and Jianing Group, he did not expect that the boss had noticed the situation of Huidefeng Foreign Company.

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