Traversing the courtyard

Chapter 566 Investing in Hutchison International
Weidong ignores Flower, and arguing with such a small character is in vain to lower his compulsion. Flower also knows that he is a bit arrogant. Yi Wei's Qiuyu Consortium has tens of billions of assets, which is not comparable to him, but just words It has already been exported, and I don't want to just bow my head and admit defeat for a moment. I thought to myself and waited for HSBC's plan to pass to save my face.

Wei Dong said with a smile: "Today's meeting of the board meeting again actually has only one topic, that is, Autumn Rain Holdings will inject HK$1.75 million into Hutchison in exchange for a 33.7% stake in Hutchison."

"What? That's impossible? I object." Flower yelled at once.

Qi Dezun said: "That's right, there is only one topic today, which is what Mr. Yi Wei said just now. I intend to accept Mr. Yi's proposal, so I called everyone to hold this board meeting today to discuss this topic."

After a pause, he turned to Flower and said, "You can vote against it on behalf of HSBC."

Flower was so angry that his heart was full of despair. Qi Dezun had four seats, and Yi Wei had two seats. Together, they would occupy six of the nine seats on the board of directors. As long as Qi Dezun did not object , then the plan proposed by Yi Wei will be passed.

Then HSBC's plan was all in vain, and his mission was not completed, how could he explain to Shen Porridge when he returned to HSBC headquarters?
Flower said angrily: "You guys have already discussed it in private?"

Qi Dezun said: "What you said is true, isn't this going to be voted at the board meeting?"

Then he said with a smile: "We won't say much, and we will vote on Mr. Yi Wei's proposal."

Qi Dezun raised his right hand first, followed by management representatives, Wei Dong also raised his right hand, and Yihe's representative raised it after a moment of hesitation. In a blink of an eye, only HSBC representative Flower did not raise his hand. up.

Seeing that everyone raised their hands, Flower said stubbornly, "I object."

Qi Dezun said with a smile: "Eight votes were in favor and one vote was against. The shareholding plan has been approved by the board of directors. As long as it is approved at the general meeting of shareholders, we will accept Mr. Yi Wei's shareholding plan and strive to complete the shareholding as soon as possible, helping Heji Get out of the quagmire."

Glancing at Flower, who was already pale, he said, "The meeting is over."

Flower turned around angrily and left. He never wanted to come to the Hutchison Building for a meeting in the future. Today, he was ashamed and HSBC's plan fell through.

Qi Dezun said to Wei Dong: "Mr. Yi, let's talk about the shareholder meeting first."

Such a large capital injection, of course, needs to be reviewed and approved by the general meeting of shareholders. The two went to Qi Dezun's office to discuss for a long time before Wei Dong left.

The next day, the news that Weidong wanted to take a stake in Hutchison was overwhelmingly reported, and there was everything to say. After all, this is one of the four major foreign firms. Last year, the Hutchison company led by Qi Dezun could challenge Yihe. , Wei Dong will become the major shareholder of Hutchison in a blink of an eye, which is really embarrassing.

Of course, the information about He Ji's convening of the shareholders' meeting was also published, but it didn't attract the attention of outsiders.

Wei Dong was thinking about how to deal with Hutchison in the office when Shen Congee, the head of HSBC, called:
"Hello, Yisheng, I apologize for Flower's impoliteness."

"You are too far-fetched, I won't be as knowledgeable as him, Taipan Shen didn't just call to talk about this matter, did he?"

Shen Congee smiled and said, "Mr. Yi, it's like this, you are also interested in Hutchison Company?"

"Of course, I was a shareholder of Hutchison before, and I still have a lot of affection for this company. I won't watch it go bankrupt." Wei Dong casually gave a reason.

When he sold Swire Shipping Company to Whampoa Dockyard back then, he joined the board of directors of Hutchison. Shen Porridge knew about it, but it would be ridiculous if Weidong felt for Hutchison. If he really had feelings, he would not be there When the stock market was at its highest, all the shares in his hands were sold, and none of the shares were kept. It was a complete liquidation and shipment.

Yi Wei's words are deceiving ghosts.

Shen Congee said: "Yi Sheng, although Hutchison is in trouble now, it is the second largest company among the four foreign firms after Yihe. It would be bad for you to become a shareholder, right?"

These foreigners have been taking all kinds of precautions against Weidong to prevent Weidong from acquiring foreign companies. Before that, they mainly kept secrets well. It happened to be the downturn in the stock market. Landmark and Wharf are the favorites of Hehe, and now Niu Bijian often scolds Weidong at parties.

Why did it take so long, Wei Dong has his eyes on Hutchison & Co., and HSBC is all right, even if Qi Dezun's rights issue plan is rejected, he can only accept the conditions proposed by HSBC. He did not expect that Yi Wei would come out at the critical moment and directly Throw out a plan for more cash, and now HSBC's calculations are all in vain.

Wei Dong smiled and said, "Royce still produces aero engines, so I can still buy shares? Then Leland Motors has more than ten automobile brands, and they all sold to me as a whole? This Hutchison is just a trading company. Company, why am I not qualified to buy it yet?"

The foreigners in Xiangjiang focused their eyes on Xiangjiang, a small place. Weidong was no longer the one who was threatened and easily manipulated by foreigners when he just came here.

Shen Porridge was coughed by Wei Dong, which was really unexpected. It is true that Luo Luo Company and Lilan Company were both acquired by Wei Dong, but they were all registered under Ruan Tao's name, and Yi Wei's name Listing doesn't matter.

"Isn't that the company under the name of Ms. Ruan Tao?"

Wei Dong said directly: "But this He Ji is not under my name."

Shen Congee didn't want to discuss whose name the company should be in anymore, and said, "Yi Sheng, how about we discuss the matter of Hutchison Company?"

"There's nothing to discuss, and I won't let you go." Wei Dong directly rejected Shen Congee's proposal. He Ji was the meat he had been staring at for several years, and he was about to eat it, so how could it be possible? Spit it out.

Besides, HSBC finally sold Hutchison to Superman. Although Weidong has a good relationship with Superman, he will not give him this opportunity. Now that he can get one, he will not let go.

"you"

What else did Shen Conge want to say, but Wei Dong didn't give this opportunity, and hung up the phone directly, there was nothing to talk about at this critical moment.

Shen Congee was very angry, Qi Dezun didn't get the board of directors to vote on the plan proposed by HSBC. Now it seems that if Weidong insists on going ahead, HSBC will have no chance at all. In this way, Yi Wei will become the first The person who bought the four major foreign companies.

What's annoying is that Shen Congee has nothing to do with Yi Wei.

Three days later, Hutchison's shareholders' meeting was held. Weidong personally attended and explained to the shareholders the measures he would take after becoming a shareholder. It was nothing more than injecting funds, resolving the company's more than 20 billion debts, streamlining the organization and bringing Hutchison back to the right path come up.

It is really different to have Weidong come forward. The scattered shareholders who were noisy before were all persuaded by Weidong and voted in favor, allowing Weidong's shareholding plan to pass smoothly.

The representative of HSBC, Flower, was so angry that HSBC had nothing to do but accept the result even if the shareholders' meeting passed.

Qi Dezun immediately congratulated Weidong: "Yi Sheng, Hutchison is counting on you. I hope you can restore Hutchison to profitability as soon as possible."

"I will. Hutchison will be operating normally in less than two years."

The general meeting of shareholders was over, and Weidong hurriedly convened the board of directors. Weidong also sat on the chair of Hutchison's board of directors as he wished, and reserved the position of Hutchison executive for Qi Dezun, but the position of the chairman of the board of directors was to be given to Weidong. up.

Just as Wei Dong wanted to speak, Qi Dezun signaled, and then said: "Although the company has overcome this difficulty, there are still many debts that need to be settled in the future. Right now, there are three ways. The first one is to sell part of the company's assets and then repay the debts. "

The money is not brought by strong winds. The company has expanded many times before and acquired a large number of companies and properties. Now the first thing to do to repay the debt is to sell the resources that were bought at a high price. Now that the market is not good, sell the previous investment. There was a loss, and the loss outweighed the gain. This was a method that Qi Dezun had not used before.

Qi Dezun went on to say: "The other thing is to raise funds through private placement of shares to overcome the company's difficulties. I would like to express my position here. Although I am still the top class in the company, my health is not as good as before. I plan to go to London for vacation to recuperate for a while." In time, the voting rights in my hands will be held by Mr. Yi Wei, and I will unconditionally support the company's rectification, whether it is selling assets, or private placement of shares."

Qi Dezun's statement is also a support for Weidong's next work. The company has always been struggling on the verge of bankruptcy, and the palms and backs of the hands are full of flesh. It is distressing to abandon any part. It's all a bunch of shit. Now that Yi Wei is in charge, he must make adjustments to the top management. He hides in London by himself, out of sight and out of mind, and waits for Yi Wei to bring the company on the right path. How much peace of mind?
Qi Dezun handed over the voting rights of his company to Yi Wei, and he could get them back at any time. What he handed over was only the voting rights, and his own shares would not be affected.

Li Chaxin, the company's vice president and director, said anxiously: "Chairman, are you alright?"

"It's okay, I'm going to rest and recuperate, what can I do?"

"That's good, scare me, and we'll see you later." Another management director, Chen Maoxun, said.

Qi Dezun said with a smile: "You must help Chairman Yi manage the company well, I won't say anything unnecessary, I'll go back first."

Qi Dezun explained a few more words, turned around and left the conference room.

After sitting down again, Wei Dong first asked Yihe's representative: "Your Yihe only has 3% equity?"

"Yes, what's the matter?" Thomas didn't know why Weidong raised this question.

Wei Dong said: "3% is a bit low, you should hand over the seat of the board of directors, and come back when you have more than 5% of the shares!"

Thomas exclaimed in surprise: "What? You want to kick me out of the board of directors? I am the representative of Yihe Company."

Wei Dong smiled and said, "I know you belong to Yihe, so what? Didn't you almost get bought by me, didn't you buy Landmark and Wharf by me?"

"You" Thomas was speechless for a moment.

It is true that Yihe only holds three points of shares. It is reasonable to say that he cannot join the board of directors. It is just that each foreign company has shares in each other, just like Qi Dezun is also a director of more than 20 companies, or HSBC As for the vice chairman of the board of directors, this is already the norm in major companies in Xiangjiang.

However, when Wei Dong took over Hutchison, the first thing he wanted was to rectify the board of directors. Although the management had vice president Li Chaxin, Chen Maoxun had two votes, he had two votes, and Qi Dezun had one vote, which was already five votes, but vice president Li Chaxin Weidong still doesn't know the attitude of Chen Maoxun and the others, what if he trips him up?
I only have three votes in my hand, and now I need to readjust the seats on the board of directors. I have to completely control the board of directors. First of all, I want to squeeze out the representative of Yihe Company. I will definitely sing against myself, and it is the correct way to expel him first.

Wei Dong smiled and said, "Or wait until when Yihe holds more than 5% of the shares and then apply to join the board of directors."

5% is only a default condition for joining the board of directors to obtain a seat. If the application is rejected by the chairman of the board of directors, you will not be able to join the board of directors unless you reach 16% of the company's equity. According to the "Company Law", you can obtain a board of directors. seats.

There is only one seat at 16 o'clock. If you have a good relationship, you can get 3 director seats. The gap between them is very obvious.

Thomas's face turned blue and purple with anger. Now that the company is controlled by Yi Wei, he really does not have enough shares, so he can only leave first, or he will be ashamed.

He said angrily, "Just wait and see."

Flower, the representative of HSBC, is in a hurry. The Yihe people are gone, and the outsiders are left alone. There is also a British-funded investor who does not show up all the year round, and there is John Madden who is seated at Wheelock It's just that they don't usually send representatives over, maybe because they have lost confidence in the company and let Qi Dezun toss.

Wei Dong said with a smile: "My original shares have been diluted to only 10.8% of the shares, and they were handed over to Ruan Tao and A Zhen to hold them on behalf of each other. It happened that each of them exceeded 5%. They can be the directors of the company. Let's discuss it and see who is against it?"

As long as the chairman proposes a seat on the company's board of directors, it can be passed normally. What's more, this is Yi Wei's first proposal after becoming the chairman. Both women have 5% of the shares under their names and are fully qualified to serve as directors.

The three management directors Li Chaxin, Xia Boyin and Chen Maoxun would not object. Just kidding, if they objected to Yi Wei, their position as a director would be lost.

Only the representative of HSBC, Flower, was an outsider. Knowing that the objection was invalid, he still stubbornly said: "I object."

(End of this chapter)