Chapter 781 Fortresses are often first broken from the inside!

Author: Tiger Crawling on the Fence

Chapter 781 Fortresses are often first broken from the inside!

In the mid-1970s, Huidefeng had already ranked among the four major British foreign companies in Hong Kong, with 49 directly affiliated subsidiaries, including listed company Real Estate Trust, Federal Real Estate, Charlie Development, Lane Crawford, Huidefeng Ship

business, joint enterprise and Baofu Development, etc.

These subsidiaries have about 180 subsidiaries and 20 private companies, forming a huge diversified comprehensive corporate group.

During this period, Huidefeng's operations have covered investment holdings, merchant banking, finance, securities, futures trading, shipping, trade, wholesale and retail, real estate, aviation, tourism, insurance and manufacturing, etc. The investment scope has also expanded from the Far East.

Go to Southeast Asia, Australia and North and South America.

However, overall, the group's core business was still Xiangjiang's real estate and shipping at that time.

In other words, the scale of Huidefeng Foreign Trade Co., Ltd. is very large.

Huidefeng can rank third in the four major overseas banks in Hong Kong, so his strength cannot be underestimated.

Before Chen Songqing's Jianing Group went bankrupt and liquidated, it was claimed to be the same as Huidefeng and Swire.

In fact, Chen Songqing's Jianing Group is just a superficial number and accumulated, which is far inferior to Huidefeng.

Historically, Huidefeng was swallowed by Bao Yuteng.

This time, Yang Ming had been preparing for the Defeng Foreign Business for four years.

Moreover, except for a few people such as Yang Ming and Malith who know about swallowing up Huidefeng Foreign Company, no one else knows about it.

At this time, many people are paying attention to the safety of Chen Songqing and Jianing Group. For Yang Ming, it is officially the best opportunity to swallow Huidefeng Foreign Company.

The two major shareholders of Huidefeng Foreign Company.

The largest shareholder, Zhang family.

The second largest shareholder, John Madang, is also the largest member of Huidefeng Foreign Company.

Since the 1970s, other consortiums have always wanted to swallow Huidefeng Foreign Company.

But there has never been a chance.

The most funny thing is the two major shareholders of Huidefeng.

In 1976, John Madang was greatly affected by the international and domestic influence at that time, Huidefeng's business and annual profits were greatly affected, so he wanted to sell Huidefeng Foreign Company.

In 1981, the Zhang family wanted to sell their shares in Huidefeng Foreign Company for one time because of internal family property disputes.

However, none of this succeeded.

On the contrary, through the A-share and B-share methods, Zhang Jia and John Madang have always held shares in Huidefeng Foreign Company.

After the mid-to-late 1970s and 1980s, the investment strategy of Huidefeng's board of directors seemed to have become more positive again.

At that time, the Xiangjiang economy entered a new round of economic cycle and the real estate market flourished again.

Real estate companies under Huidefeng, such as Real Estate Trust, Federal Real Estate, Xialiwen Development and Baofu Development, have successively carried out huge real estate development businesses and have done a great job.

However, Huidefeng's investment strategy is actually to dismantle and rebuild the land property under the group, sell it at the peak of the real estate market, then embezzle funds to actively develop the shipping industry, order large quantities of bulk ships, and strengthen the fleet.

Behind this strategy is still John Maden, a senior president of Huidefeng, lacks confidence in the future of Hong Kong, and is worried that Hong Kong will return it to the country sooner or later, so he implements a strategic transfer of assets, making it "float on the high seas" and make sure it is perfect.

It can be said that this is completely opposite to Bao Yugang's abandoned boat landing in history.

Bao Yugang abandoned his boat and landed.

John Horse Bench abandoned the land and boarded the boat.

This also led to Bao Yugang being able to swallow Huidefeng Foreign Company in history.

According to statistics, by 1983, Huidefeng's only shipping company, Huidefeng Shipping, had its fleet increased to 29 ships with a load capacity of 1.39 million tons.

Unfortunately, in the 1980s, the world's shipping industry was gradually falling into recession, and Huidefeng Group was hit hard.

In 1981, Huidefeng's profit before tax was HK$1.431 billion, and by 1983 it had fallen sharply to HK$368 million.

That year, John Maden announced heavily in the company's annual report: "The Group's main shipping subsidiary, Huidefeng Shipping International Co., Ltd., had experienced the most difficult year."

Historically, in 1984, Huidefeng Shipping, which was heavily in debt and facing the threat of liquidation, was forced to sell the ships it owned at a low price. Huidefeng Shipping's dilemma triggered the Maden family and Zhang Yuliang, the two major shareholders of Huidefeng Group.

Family conflict.

It turned out that in 1981, Huidefeng Shipping ordered two cargo ships from Denmark, with a total value of about 400 million US dollars. However, while the ship is still under construction, global shipping has entered a recession, and Huidefeng Shipping is under pressure.

In 1983, Huidefeng Shipping wanted to seek financial support of about US$12 million from the same real estate trust, but was rejected by the Real Estate Trust, which regarded the Zhang Yuliang family as its major shareholder, forcing Huidefeng Shipping to borrow 4 million from its parent company.

The US dollar is trying to solve the urgent problem. For this reason, the conflict between the two major shareholders of Huidefeng has intensified.

In 1984, a key member of the Zhang family voluntarily dismissed Hui Defeng's position as director on the grounds that he centrally managed the property trust company under Hui Defeng.

This formed the division of labor between the two major families within the Huidefeng Group. The Maden family is in charge of Huidefeng, Huidefeng Shipping, United Enterprises, Lian Crawford, etc.; while the Zhang family is responsible for real estate trust, federal real estate, Xiali

Real estate companies such as Wen Development.

Although this is the case on the surface, they are eyeing the inside, and the two major families are gradually becoming powerful.

At that time, although a key member of the Zhang family had dismissed the position of Huidefeng as a director, the Zhang family still had a considerable influence in the board of directors. Based on the voting rights, the Zhang family was 10% more than the Madeng family.

At that time, John Madang could no longer control the board of directors of Huidefeng. At the end of 1984, it was reported that the two major families would officially separate and Huidefeng would reorganize.

John Madang was not confident in the future of Hong Kong, so he invested in the shipping industry with full efforts, trying to evade political risks with a fleet of overseas registration and asset flow.

Unfortunately, the entry of the calculation is not as good as the calculation of the calculation. The low tide of the world's shipping industry has hit, which has put Huidefeng Shipping on the verge of bankruptcy and triggered a conflict between the two major shareholders.

In addition to being frustrated and getting older, Ma Deng was once again indulged in a state of resignation. He sold all his shares in Huidefeng to Qiu Deba, a wealthy business consortium in Nanyang.

Now I will be doing Defeng Foreign Business, which is actually even worse.

Because of the severe real estate crisis last year, Huidefeng Foreign Company's real estate losses were huge, and there was basically no capital recovery, and there was no profit.

On the other hand, John Madang invested all the properties sold before 1982 into the shipping industry. However, the global shipping industry is now greatly affected by Bao's global shipping.

So in 1982, Huidefeng Foreign Company's annual profit exceeded HK$100 million.

From nearly HK$1.5 billion in 1981 to HK$100 million in 1982.

In addition, he owed more than 10 million US dollars in debt. I hope the Zhang family supports it. The Zhang family has long had great contradictions about John Madeng's efforts to develop the shipping industry. He has always been very opposed to it. Now he has debts.

It's even more impossible to support it.

It is precisely because of this.

At this time, both sides had deep conflicts, whether it was John Madang or the Zhang family.

Moreover, both parties intend to withdraw from Huidefeng Foreign Travel.

Yang Ming handed the information he collected to Meris, and Meris was surprised after reading it.

"Boss, it seems that the time to acquire Huidefeng Foreign Company is indeed ripe."

Chapter 2!

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