Chương 979: Chapter 979: Taking over HSBC
After a long while, Wade Schiaway said with gritted teeth, 'Uncle, since it is already inevitable that Dongfeng Airlines will enter the market to compete with us, and it is useless for us to stop it, then why don't we find a way to become a shareholder of Dongfeng Airlines.'
'In this way, we will be able to keep abreast of the latest situation of Dongfeng Airlines.'
Norman Shi Yahuai nodded slightly in agreement, as this was also his idea.
He had just had an idea in his mind.
In his opinion, since Dongfeng Airlines had already appeared, the Swire consortium's success rate of trying to influence the Hong Kong government not to issue a shipping license to Dongfeng Airlines was very low.
And directly colliding with Dongfeng Airlines was the worst option that would only be chosen as a last resort.
After all, it can be seen from the registered capital and shareholders that Dongfeng Airlines is very strong.
Having a strong foundation means being able to withstand pressure. Cathay Pacific's struggle with Dongfeng Airlines would most likely drag Cathay Pacific into a competitive quagmire, putting enormous pressure on the entire consortium.
Since the dangers of a fierce collision are so great, it is better to infiltrate Dongfeng Airlines.
Then find a way to make Cathay Pacific target its attacks, for example by occupying popular routes and forcing Dongfeng Airlines to fly only on unpopular routes with small markets.
As long as Eastern Airlines loses money year after year, even if Bao Yugang and Huo Yingdong have money, they definitely won't be able to withstand the losses.
At that time, Cathay Pacific or Swire Pacific can step in and find a way to acquire Eastern Airlines.
Although this method is time-consuming, it has the advantage of being highly operable, and the success rate seems relatively high.
In its previous life, when facing the rising Dragonair, which was founded by Bao Yugang and others, the Swire group used this insidious method.
Dragonair never made a profit in a single year, and in the end, the shareholders could no longer bear the pressure and lost confidence, one after the other, withdrawing from the company. This caused Y.K. Pao to lose his resolve as well, and he eventually left the company in disgrace.
Of course, the fact that Dragonair lost so miserably in its previous life also had something to do with the fact that it entered the market too late. By the time it entered the market, it was already 1985, and at that time, Hong Kong's economy had already been booming, driving the development of the aviation industry, and Cathay Pacific was much stronger.
Unlike this life, at this time, Cathay Pacific's strength is not particularly strong, and it has only just embarked on the road of international development, with only a handful of direct routes outside of Asia.
In this life, Dongfeng Airlines not only has the more powerful Bao Yugang and Huo Yingdong, but also the BUG-level Xia Yu, so the development of the Swire consortium in the aviation sector is destined...
Unfortunately, Norman Shiyahuai is not a reborn person, and he is not aware of any of this.
'Wade, what do you think of this approach...'
Norman Sijiahuai slowly shared his thoughts.
After listening, Wade Sijiahuai's eyes lit up, and he nodded repeatedly, saying, 'Uncle, this is a great idea. As long as we can slow down the development of Dongfeng Airlines, and then speed up the construction of Cathay Pacific's route network, Dongfeng Airlines will only be able to fly unpopular routes, which will result in losses every time they fly. Even if Bao Yugang and the others have a lot of money, they won't be able to support it, and that will be our chance.'
Norman Shiyahuai said calmly, 'Wade, all of this is just our idea. Whether it can be implemented depends on Bao Yugang's attitude.'
'And even if Bao Yugang and the others are willing to give up their shares in Dongfeng Airlines, they will definitely impose harsh conditions. They will definitely want the shares in Xiangjiang Airport Ground Services, but the value of this company is too low. It is not enough if we want to exchange it for shares in Dongfeng Airlines.'
'If he is willing to accept cash as a shareholding, that would be best, but this is highly unlikely, so let's not get our hopes up.'
'You go ahead and negotiate, and when the time is right, I will personally negotiate with Bao Yugang!'
Wade Shiyahuai solemnly replied, 'Okay!'
At this time, the nanny served the last dish and came over to quietly call Norman Shiyahuai to eat.
Norman Shiyawei had to temporarily stop the negotiations, and smilingly said to his nephew, 'Wade, you haven't eaten lunch yet, come join us, we'll talk after we finish.'
'Okay, uncle.'
One afternoon, the two uncles, Norman Shiyawei and Wade Shiyawei, discussed in the living room, and halfway through they called their trusted advisors over.
Considering that they knew very little about Dongfeng Airlines and had only just met with Bao Yugang this morning,
So this time, Norman Shih Yahuai was in no hurry and planned to wait until he was fully prepared.
...
While the Shih Yahuai family was plotting and scheming, Xia Yu was also busy.
First, there was London, England.
After continuously buying HSBC Holdings shares from the London Stock Exchange for more than a year, Bright Fund had already held a 6.3% stake and entered the board of HSBC Holdings.
George Berkeley is very influential, and with his long-standing connections and the influence of the Bright Fund, he has been able to deepen his cooperation with HSBC Holdings and become very popular within the company.
After receiving Xia Yu's task this time, George Berkeley, for the sake of being on the safe side, started with HSBC Holdings' position as the parent company of Hongkong and Shanghai Banking Corporation.
Shen Bi had a good relationship with Norman Shi Yawei, but it was HSBC Holdings that paid his salary and determined his social status. In the face of orders from the parent company, he could make suggestions, but if the parent company did not accept them, he still had to execute them and do so according to the parent company's requirements, just like the requirement for confidentiality.
According to George Berkeley's report.
His proposal to transfer the 20% Cathay Pacific Airways stake and 8.4% Hong Kong Aircraft Engineering Company stake held by Hong Kong and Shanghai Banking Corporation to the parent company has been approved by the HSBC Holdings board meeting.
To be on the safe side, he has arranged for HSBC Holdings staff to come to Hong Kong to directly approach Shen Bi and enforce the order, without going through the board of directors of Hong Kong and Shanghai Banking Corporation.
The reason for this was purely to let Shen Bi be the only person to know the news, so as to prevent others from leaking the news.
Xia Yu reckoned that it would take no more than a few days to reap the rewards.
There were no problems with HSBC, so the only thing that was still unclear was the Song family in Hong Kong.
As for the Song family, Xia Yu also had the lowest grasp of them throughout the entire process.
After all, the Song family had a deep relationship with the Swire Group.
The Song family holds 13.5% of the shares in the Swire Group in Hong Kong, 6.7% of the shares in Swire Pacific, 16% of the shares in Cathay Pacific, and some shares in other companies. It can be said that the connections are very close, and they are old partners of the Shi Yahuai family.
Xia Yu had specially ordered someone to collect information on the Song family, and was very clear about the strength of the Song family, which is very low-key in Hong Kong.
Powerful yet extremely low-key, this has a lot to do with the Song family's adherence to the scholarly tradition and their careful observance of the ways of the scholars. This is basically how families and clans that have been able to pass down their heritage for generations look.
During the late Qing and early Republican periods, the Song family was a wealthy family in Shanghai. Originally, they were landlords, and then they worked as compradors for foreigners, and later they started their own factories, running pharmaceutical factories, textile factories, and so on. The Song family's properties in Shanghai were based on streets, and to describe them as just a building would definitely be an understatement.
Many famous people such as Cai Yuanpei and Fu Lei were tenants of the Song family.
In the investigation data, Xia Yu also discovered some interesting relationships.
For example, Song Chunfang of the Song family was one of the first scholars in the modern drama world to study and introduce Western drama and theory in the third year of the reign of Emperor Xuantong. He was the cousin of the literary master of the Republic of China, Wang Guowei.
One of Song Chunfang's sons, Song Qi, was also close friends with Qian Zhongshu, Zhang Ailing and others.
Let's not dwell on trivial matters.
At this time, the head of the Song family in Hong Kong was not Song Qi, but his cousin Song Bo, the son of Song Chunwang, the eldest brother of Song Chunfang.
Unlike the line of Song Chunfang, the line of Song Chunwang came to Hong Kong to settle during the War of Resistance Against Japan. Other family members in the mainland came to Hong Kong in batches before the founding of the People's Republic of China and in the 1960s and 1970s.
Through the hard work of Song Chunwang and his descendants, and with the help of his original wealth, the strength of the Song family continued to grow. Although it was not an explosive growth, it was even more difficult to make progress steadily.
'The fact that it has been passed down to the present has a lot to do with Song Chunwang's ability to assess the situation. I just don't know if his son has inherited his wisdom...'
Xia Yu mused as the car drove up to Cadogan Hill and was about to arrive at the Song family mansion.
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