Chapter 74 Yang Ming's Acquisition of Hutchison Whampoa Shocked the World!
February 8, 1978.
The second day of the first lunar month.
Midnight 0 o'clock.
Queen's Road.
Huifeng Bank Group Headquarters Building.
Brightly lit.
At this time, in the conference room.
In addition to Shen Yi, Bao John and others, there are also reporters from various media and newspapers in Hong Kong, and even some foreign media stationed in Hong Kong. They all received a very important message that Huifeng Bank announced the important news to the outside world.
Although they learned in advance that it might be related to Hutchison Whampoa, they were not clear about the whole thing.
At the same time.
Federal Building.
The 29th floor.
The conference room of the Empire Group headquarters.
Now it is also brightly lit.
In addition to Chairman Yang Ming, female secretary Lin Xiuzhi, and financial director Tang Shilian, more than 200 company employees of the company are all here.
Now there are also reporters from major media and newspapers in Hong Kong.
The Empire Group also has important media news to announce to the outside world.
When the time is about the same.
Yang Ming, who was sitting in a wheelchair, said: "Welcome journalists from Hong Kong to attend this press conference. Now I have important news to announce to the outside world."
The reporters took their "long guns and short guns" and began to take pictures of Yang Ming and others.
"Last week, our Empire Group just acquired Wharf Holdings. And this morning, we have reached an agreement with Huifeng Bank to acquire Hutchison International shares. At 18:30 in the evening, the Empire Group officially signed the acquisition contract with Huifeng Bank. In other words, six hours ago, Hutchison Whampoa has been acquired by the Empire Group, and our Empire Group is also the largest shareholder of Hutchison Whampoa."
When Yang Ming officially announced the news, the reporters present were stunned.
To say that Yang Ming's acquisition of Wharf Holdings had already shocked many reporters.
This time, Yang Ming and the Empire Group acquired Hutchison Whampoa, the second largest foreign company in Hong Kong, which was even more shocking news in their eyes.
"Hello, Mr. Yang, I am a reporter from the Oriental Daily. I would like to ask a few questions."
. . .
When Yang Ming announced this, he handed the press conference to Tang Shilian.
It was time for him to go back and rest.
Tonight may be another sleepless night for many people!
When Yang Ming, under the protection of Chen Zhenhua and others, got into the Rolls-Royce, quietly left the Federal Building, and took a car back to the Repulse Bay Mid-Levels Villa.
At the Huifeng Bank Building, Shen Yi also personally announced the news that all 90 million common shares of Hutchison International were sold to the Empire Group. What the reporters did not expect was that Huifeng Bank actually sold them to the Empire Group at half the price.
In other words, something equivalent to one dollar was sold to the Empire Group for fifty cents.
This made the reporters very interested. Why did Shen Yi and Huifeng Bank make such a decision?
However, Shen Yi did not answer directly.
The management of Hutchison International, including Wei Li and others, had learned the news from Yang Ming in the morning and were mentally prepared.
In the evening, Wei Li learned that the Empire Group only swallowed up 90 million Hutchison International shares in Huifeng Bank for 630 million Hong Kong dollars. In addition to envying Yang Ming, his original ambition for Hutchison Whampoa also disappeared.
Yang Ming had talked to him and gave him time to think about it.
If Wei Li and his management team were unwilling to continue to stay in Hutchison Whampoa, he could leave at any time.
If he was willing to stay, his and his management team's positions would remain unchanged, but the nature would be different.
Before, he was just a professional manager invited back by Huifeng Bank.
Now Yang Ming is his new boss.
Especially Li Caixin, Wei Li's deputy and the executive vice president of Hutchison Whampoa. He didn't expect that Hutchison Whampoa would fall into the hands of Empire Group overnight.
Shen Yi personally called Wei Li to inform him of this.
Wei Li was in the conference room of Hutchison Building, holding a management meeting.
Li Caixin, Xia Boyin and others were very shocked to hear the news.
That is, Shen Yi of Huifeng Bank and Yang Ming of Empire Group had been secretly discussing Hutchison International shares, and they had never known about it. It was only when the transaction between the two sides was completed that they knew about it.
"Everyone, I have met with Mr. Yang of Empire Group this morning. He also knows that our management is interested in Hutchison Whampoa. Mr. Yang told me very clearly that no matter who Huifeng Bank sells Hutchison Whampoa shares to, it will not be sold to our management, because we are just employees who were invited back. However, Mr. Yang also said that even if Mr. Yang acquires Hutchison Whampoa, he will not interfere with Hutchison Whampoa's rectification and reform. If you don't want to stay in Hutchison Whampoa, you can resign voluntarily."
Li Caixin, Xia Boyin, and Wei Peter were originally the three leaders of Hutchison Whampoa's management.
These three people are respectively the executive vice president, business director, and political director.
Historically, after Wei Li was forced out by Li Jiacheng, Li Caixin first took over Wei Li's position to appease the white management of Hutchison Whampoa.
Hutchison Whampoa is the second largest foreign company in Hong Kong. From top to bottom, it is basically dominated by white people.
In this regard, Li Jiacheng was also very worried that Hutchison Whampoa would be hollowed out by these white people after the acquisition. He first drove away Wei Li, and then gradually sent his confidants Li Yekuang, Mai Lisi and other confidants into Hutchison Whampoa. After he gradually took control of Hutchison Whampoa and became the controlling shareholder of Hutchison Whampoa, Li Caixin and others were driven away by Li Jiacheng, and Hutchison Whampoa finally became Li Jiacheng's main company.
Yang Ming is different now.
He knows that the white management such as Wei Li and Li Caixin are ambitious, but he will not exclude them.
If they are willing to obey him as the new boss, then they can continue to stay in their original positions.
If they are not willing, then they can only get out.
With the shares in his hands now, Yang Ming is much stronger than Li Jiacheng!
"President, we listen to you."
The following executives looked at Wei Li.
Wei Li said: "I have talked to Mr. Yang. Mr. Yang is a good person and does not seem to be a strong person. I am willing to stay and manage Hutchison Whampoa as a professional manager."
Since Wei Li said that, Li Caixin and others would naturally not object.
In other words, these white management of Hutchison Whampoa have temporarily stabilized.
When Yang Ming returned to the villa in Repulse Bay.
The time has come to more than one o'clock in the morning.
Yang Jirong and his wife have not heard from each other. In addition to waiting for the shocking news, they are also waiting for their son to come back.
Now when they see their son coming back in a Rolls-Royce, the couple and the housekeeper Lin Dezhong come out.
"Daddy, Mommy."
"Peter, why are you so busy now?" Li Yufang asked.
"Daddy, Mommy, at 6:30 pm, Mr. Shen and I signed a contract to purchase the shares of Hutchison Whampoa from Huifeng Bank. From now on, Hutchison Whampoa, the second largest foreign company in Hong Kong, belongs to the Yang family."
This is the news Yang Ming mentioned!
Yang Jirong, Li Yufang was so shocked that she couldn't speak after hearing it.
Please read it!