章節 705: Chapter 705: Coercing Qi Dezun
Back at the company, Xia Yu saw Wang Qi's face, which was beaming with a smile.
Jiuding Securities had completed another major task, and together with the shares that had been secretly purchased for more than a year, a total of 54.5% of Hutchison Whampoa's shares had been acquired.
This meant that the sky had changed for Hutchison Whampoa, and the surname had changed from British to Chinese!
Although the shares in Jiuding Securities would later be transferred by Chairman Xia Yu, Wang Qi didn't care.
After all, this matter was completed by Jiuding Securities, and once the news spread, the reputation of Jiuding Securities would spread throughout Hong Kong and Southeast Asia, and the M&A consulting business of Jiuding Securities would usher in an explosive period.
'Wang Qi, execute according to plan and drive the share price of Hutchison Whampoa down.'
Xia Yu was also in a good mood. With HSBC, the second largest shareholder with a lot of capital, gone, no one could stop him from suppressing the stock price.
He could do whatever he wanted!
Whether it was to force Qi Dezun to do something or to reduce the cost of the subsequent acquisition, suppressing the stock price was the best way.
'Yes!'
Wang Qi readily agreed.
'Make an appointment for me with Qi Dezun tomorrow morning!'
After giving the order, Xia Yu left with a sense of relief.
He planned to take Elena and Li Qian out for a boat trip.
Elena was leaving for the UK in a couple of days, and Xia Yu had to make the most of his time with her.
Happy times were always short-lived.
The next day, Xia Yu accompanied Elena and Li Qian to a welfare institution to visit the children, and they didn't leave until half past nine.
At ten o'clock in the morning, in a private room of a luxury hotel in Central Hong Kong, Qi Dezun looked solemnly at Xia Yu, who was sitting opposite him.
Yesterday, bad news about Hutchison Whampoa spread from nowhere on the market, and then some sell orders appeared on the market. Although the stock price was bought up from time to time, it was still on a downward trend.
Although the public's attention was mainly attracted by Wah Kwong Shipping and Wah Kwong Real Estate, it still attracted the attention of Qi Dezun, who ordered an urgent investigation.
When the market opened at 9am that morning, the share price of Hutchison Whampoa dropped slightly at the opening bell.
Immediately afterwards, he received a call from Jiuding Securities, and Wang Qi asked him to meet Xia Yu at 10am.
Qi knew immediately that something was about to happen. Xia Yu contacting him meant that something bad was about to happen, and the fall in the share price of Hutchison Whampoa was most likely his doing.
He hurriedly raised funds and made arrangements, and only just made it to the agreed meeting place before he was late.
Looking at Qi Dezun's solemn face, Xia Yu said with a faint smile, 'Mr. Qi Dezun, you seem to be looking a little pale. Is it because you haven't slept well? I know of a Chinese medicine that can effectively improve the quality of sleep.'
Qi Dezun was very hostile towards Xia Yu and said with a cold face, 'Mr. Xia must have mistaken me. My complexion has always been very good. I wonder what Mr. Xia wants to see me about today?'
Seeing this attitude, Xia Yu's eyebrows shot up. He suddenly didn't want to waste time with him and cut to the chase: 'Yes, there is something. Mr. Qi Dezun, I want to buy the shares of Hutchison Whampoa in your hands. Name your price.'
Qi Dezun was instantly enraged and decisively refused, shouting, 'Mr. Xia, don't even think about it. I won't sell the shares in my hands. I don't think there's any need for us to talk.'
'Even if you suppress the stock price, you will not be able to take over Hutchison Whampoa. I will not sell my shares, and neither will HSBC. Just give up.'
'I suggest you go and buy Wheelock or Swire Group, they are more suitable for you!'
At this point, he still wants to change Xia Yu's mind and shift the blame to Wheelock and Swire Group?
Are you kidding me!
Xia Yu's face changed, looking at Qi Dezun with a smile that looked like a smile, until the latter's expression became more and more unpleasant.
Xia Yu then asked with a smile, 'Mr. Qi Dezun, you're not HSBC, so how do you know that Mr. Shen Bi won't sell the shares of Hutchison Whampoa to me?'
Qi Dezun's heart sank, and he suddenly felt dark clouds gathering over his head.
But he still didn't want to believe it. Just to be on the safe side, he had tried to test Shen Bi last night, and Shen Bi had said that the shares were in the hands of HSBC and would not be sold to anyone.
Could it be that Shen Bi had lied to him? Sold him out?
"Mr. Qi Dezun, Hutchison Whampoa has been in deep trouble for the past few years, and even HSBC can't stand it anymore, otherwise you wouldn't have stepped back and let Weliden take the stage,'
'But Hutchison Whampoa has been losing money every year for the past few years. Do you think that with Wai's abilities, he can still hold on for a few more years?'
'You are now 62 years old. You have worked hard all your life, and when you get old, you should try to enjoy life, shouldn't you?'
Xia Yu continued to persuade.
Despite his poor health, Qi Dezun had a strong backbone and resolutely shook his head and refused: 'Thank you, Mr Xia, for your concern. I think my body can still last another ten or twenty years, and I can still make more contributions to society!'
Xia Yu laughed to himself. You short-lived ghost still want to live another 20 years? It'll be game over in 1981.
Perhaps by 1981, after Qi Dezun's death, Xia Yu could easily take over the shares in his hands.
But Xia Yu didn't want to wait that long.
With this amount of time, Hutchison Whampoa would have developed so well under his hands!
Since he was still holding onto the fantasy that HSBC would not sell him, Xia Yu felt that he should let him recognise the reality.
'Mr. Keith, I have some news for you. HSBC has transferred all its shares to me, and together with the shares I already own, my shareholding in Hutchison Whampoa has exceeded 51%.'
'The news hasn't been released yet, and I don't think it's time to fight to the death. A peaceful settlement is best for you, isn't it?'
Keith was like a bolt from the blue, and his whole body became numb. The number 51% kept repeating in his mind.
After a while, Qi Dezun shook his head frantically: 'This is impossible. I have been observing the stock price since last year, and even if you buy the shares of HSBC, you cannot possibly buy more than 19% of the shares.'
Seeing that Qi Dezun was not yet convinced, Xia Yu had to resort to his trump card.
He took out a copy of the share certificate from his bag, turned it around, placed it on the table, and handed it to Qi Dezun, making a gesture of invitation: 'Since Mr. Qi Dezun doesn't believe me, why don't you take a look at this first?'
Qi Dezun grabbed the proof of equity and read it word by word, afraid of missing a single word.
When he added up the numbers, the result was hard to accept.
It was indeed over 51%!
This meant that Hutchison Whampoa had already changed hands without the outside world knowing.
As long as Xia Yu was willing, he could remove him from the position of chairman of the board at any time.
And Xia Yu will have absolute control of Hutchison Whampoa. Any of his opinions are likely to be vetoed by Xia Yu. The only thing he can do is to resort to petty underhand tactics.
What can he do?
Does he really have to sell his shares to Xia Yu?
But he is unwilling to do so. He has worked hard to develop Hutchison International from a company with barely a billion dollars in assets to one of the top British conglomerates today. Over the past ten years, he has put so much effort into Hutchison Whampoa and has poured so much emotion into it.
Now it is suddenly taken away from him, how can he accept it!
But the reality is too helpless. Even if he doesn't want to, Xia Yu has already taken Hutchison Whampoa away.
Now it depends on what ending he wants to choose!
As Qi Dezun's expression kept changing, Xia Yu knew he was having a fierce internal struggle.
After a moment's hesitation, in order to avoid provoking Qi Dezun's rebellious instincts, he decided to wait for Qi Dezun's response before deciding whether to threaten him again.
Tick tock!
The hands on the watch kept turning, and the time passed by minute by minute.
Xia Yu just quietly watched Qi Dezun.
Finally, five minutes passed.
Qi Dezun gradually came back to his senses.
He stared at Xia Yu expressionlessly and asked, 'If I don't agree, what will you do after you walk out of this door?'
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