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Chapter 64 Kadoorie's Response

"The waves are flowing, and the river will never stop for thousands of miles; when the treasures are exhausted, all the things in the world will be mixed into one surging tide...". TVB TV series "Shanghai Beach" was broadcast for less than half a month. In the same period,

It has achieved unprecedented success. The most talked about thing among Hong Kong citizens recently is whether Xu Wenqiang and Feng Chengcheng will eventually get married? Can Ding Li, a poor boy, succeed in rising to power? This TV series has become the hottest topic in the city.

Chow Yun-fat, Zhao Yazhi, and Lui Liangwei, the three TVB niche and actresses, have also been sought after by many. Even Feng Yifeng, who is in the United States, has also received news about this. He called Zhao Yazhi in Hong Kong for several days to congratulate him.

She suddenly became one of the most popular celebrities on TVB, and she also expressed her feelings freely.

The theme song of the same name of "Shanghai Beach" has also become famous. It was composed by Gu Jiahui, with lyrics written by Huang Zhan, and vocals by Yip Liyi. It is one of the most popular theme songs in Hong Kong. Once its cassette appears, it will soon be sold in record stores

Once it became popular, even many middle school students and retired elderly people could hum it fluently, and this song has become a classic of Cantonese pop music.

The popularity of [Shanghai Beach] caught the rival Li TV off guard. No one thought that a TV series could increase the overall ratings of the entire TV station. No one thought that a TV series could cause such a big response.

No one expected that a TV series would push the acting careers of Chow Yun-fat and Zhao Yazhi to the top.

A TV series caused a heated discussion and gave Hong Kong citizens a lot to talk about after dinner. The Hong Kong stock market, which had been quiet for a period of time, finally began to explode at this moment. The stock prices of major hotels, which had returned to normal prices, suddenly appeared.

The fluctuations were not due to Liu Luanxiong’s acquisition and another appreciation in value. Instead, due to a document disclosed by the media, the Grand Hotel plummeted by nearly 10% in one day, causing many citizens who held Grand Hotel shares to sell out.

One jump.

Documents disclosed by the media pointed out the serious financial imbalance in the income and expenditure of the Peninsula Hotel and Clearwater Bay Hotel under the Grand Hotel. Many fund inflows and outflows were not shown in the financial statements, and it was suspected that someone was short-changing or misappropriating public funds.

In addition, the profits of large hotels have been declining year by year in recent years, while expenses have been increasing year by year. This vicious cycle has led to a decrease in the income of all shareholders. At the same time, it also pointed out the poor management of large hotels by the Kadoorie family and the rigid and conservative system.

, causing the hotels under the Grand Hotel to be unable to develop, thus affecting the company's stock price to remain stagnant.

As soon as these reports came out, many companies and individuals who were still paying attention to the hotel were shocked. Whether it was the financial statements of income and expenses, or the incompetence in management, they were referring to Kadoorie, the top management of the hotel.

Family. Anyone with a discerning eye knows that the person who can obtain this information must be someone inside the hotel. The person who can make this information public is probably Liu Luanxiong who proposed the "hostile takeover" this time. But no one has thought that Liu Luanxiong will end up

The move is not aimed at big hotels, but at the management's request.

Regarding this information, the first thing that reacted was the shareholders of the hotel, and then the Hong Kong Independent Commission Against Corruption. The day after the information was disclosed by the media, the Independent Commission Against Corruption received the assignment from the Independent Commission Against Corruption Commissioner and entered the hotel together with the Hong Kong Commercial Crime Investigation Bureau.

For hotels, we also need to conduct a detailed investigation into the financial status of large hotels in recent years.

The ICAC and the Hong Kong police's big actions were subsequently reflected in the stock market. A company's financial transparency is not enough, and there may even be fraud involved. How can shareholders trust the management of such a company? The waiter union of a large hotel

, the Federation of Small Shareholders, and some board directors who had received instructions from Liu Luanxiong, immediately questioned Kadoorie's management integrity and requested a board meeting to discuss how serious the actual impact of this time would be on the hotel.

There are directors on the board of directors who have asked Kadoorie to hand over the current management rights and wait for the final investigation results of the police and ICAC.

This move is not innocuous. If Kadoorie is deprived of the management qualifications of the board of directors, it means that Liu Luanxiong's takeover battle is half successful.

Before the board meeting was held, Michael Kadoorie felt the pressure from the board of directors. The developments in the past few days made him, who had been calm at first, furious. Many employees of the company had already been scolded by him without knowing it.

I don’t know how many times I have changed the furnishings in the room. Those replaced furnishings have now gone to Hong Kong’s landfills.

"Asshole, this bastard, I won't let him go. Get out of here, everyone. If you want to remove my chairman, don't even think about it." Michael Kadoorie roared and handed it to the board of directors.

The staff member who made the temporary decision cursed and drove out. He was so disgusted that he thought about countless possible plans of Liu Luanxiong. But he never thought that Liu Luanxiong would not only acquire the hotel, but also drive the Kadoorie family out of the hotel.

The management of the hotel is really tolerable to my uncle but intolerable to my aunt.

"Who asked you to come in? Didn't I tell you that I won't see guests now? Why did you come in without knocking?" Before he could see clearly who was coming in, Michael Kadoorie had already cursed loudly.

"Mi Gao, am I not even allowed to come in?" Not only were the people who came in not stopped by Mi Gao Kadoorie's scolding, but they also calmly sat on the sofa in the office, the old man with a cane.

There was no trembling in the hand. "Look what you look like now? Do you look like the best manager of our Kadoorie family? They just took action and you yourself are in chaos. How can you support the management of the family?"

The person who came into the office was none other than the current head of the Kadoorie family, Laurence Kadoorie, also known as Michael Kadoorie’s father. This 80-year-old man has worked hard to start a business from Shanghai to Hong Kong for two generations.

Finally, the Kadoorie family became famous in Hong Kong and became the richest people in Hong Kong. They inherited the Jewish nature of being good at business and investment and made their first pot of gold in stock trading. Jews seem to understand the principle of money making money.

.

"Our Kadoorie family has controlled the hotel for more than 70 years. What troubles have we not seen? From your grandfather to me, and now to you, the Hong Kong and Shanghai Hotel is synonymous with our Kadoorie. We cannot hand over the hotel to others.

, we can’t let the hotel decline in our hands. Haven’t you always been very confident, why are you so restless now? If Liu Luanxiong knew what you are like now, I’m afraid he would wake up laughing in the middle of the night.” Luo Lanshi looked hateful.

Iron cannot become steel and blame Mi Gao for his mistakes.

"I'm sorry, father. It's all because they caught me off guard and made me confused for a moment. I will definitely correct it." Mi Gao apologized to his father sincerely.

"Well! It's best if you think so. So have you thought of any way to deal with this crisis?" He is still very satisfied with his son. This time, let alone Michael Kadoorie, even he himself

I was forced to come out to see what was going on.

"What we have to deal with now is not only the investigation by the ICAC and the police, but the most serious thing is that the board of directors will convene a board meeting and a shareholders' meeting to express distrust in our management and request that my management rights of the company be temporarily revoked. If there is no

If we can stop it, it will be even more difficult for us to stop Liu Luanxiong's acquisition. Look, this is the motion proposed by the board of directors at the extraordinary meeting they just held without me." Mi Gao handed over the document that made him very angry just now.

Hand it to his father. This old man has been managing the family business since he was nineteen years old. His life experience and wisdom are beyond his comparison.

The document is very simple. It is a motion at an extraordinary meeting of the board of directors to temporarily suspend Michael Kadoorie's status as chairman of the board and general manager until the ICAC and police investigations are completed. It also requires Michael Kadoorie to attend the shareholders' meeting held by small shareholders.

, explain the truth and what happened.

"Humph, Liu is really ruthless. He actually made us unable to fight back as soon as he made a move. We also have to cooperate with him to continue developing the rest of his plan."

"Father, we are still the largest shareholder of the hotel. Even if we temporarily suspend the positions of chairman and general manager, we are not afraid of what he can do."

"Stupid, if you lose your positions as chairman of the board of directors and general manager, how can you fight back against Liu's acquisition? Although we are the major shareholders, if all the directors of the board of directors and those small shareholders jointly remove you, we will

They will be forced to leave. So we cannot let them succeed. Also, while the stock price is falling, you can immediately raise the stock price for me and acquire all the circulating stocks. Then we will have more chips in the future.

"Every time Lawrence said something, Michael nodded.

"Also, you must cooperate with the ICAC and police investigations as much as possible. Give them whatever documents they want to see. Convene a board meeting immediately, and propose to convene a board meeting without your presence and authorization.

It's illegal. Call in your family's lawyer and the company's legal advisor. Don't compromise on any illegal behavior. I will contact those directors who have a good relationship with us to gather. With my old face, they won't

Don't give face. Liu is not their boss yet. These people will not throw away the friendship we have had for so many years just because of a trivial matter. As for the small shareholders' meeting, you still have to attend the meeting. It is still easy for those ordinary citizens to explain things clearly.

It's okay, I think you know how to do it."

As expected of an old fox who has been in the business world for many years, it is easy to distinguish priorities. If neither the ICAC nor the police find anything, then it shows that Kadoorie is innocent and all previous reports are false accusations. As for the board of directors, Kadoorie is now

He is still the largest shareholder and the chairman of the board of directors. If you want to remove him, you must go through the normal procedures. It is much simpler for small shareholders. These people are just concerned about whether their stocks will depreciate and whether what they get will be.

will decrease, and it is not up to them to decide who will be the chairman of the board of directors.

This chapter has been completed!
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