Start from 1980

Chapter 974
I feel that the flavor of the New Year in Hong Kong is not as strong as that of Beijing or the mainland.

At least, the taste of the year is not very full.

And because the houses here are all detached villas with a huge area, once the door is closed, they are directly isolated from the world.

There is no way to feel the atmosphere among neighbors in the mainland.

At least where he lives now, he doesn't feel that kind of taste of the year.

The father-in-law has already moved to Canada, and is still celebrating the New Year there, only Tang Wanru's family is left here.

Su Chen didn't worry much about the Chinese New Year. It was nothing more than buying some things, posting couplets, and celebrating with some red envelopes.

After all, every place has its own customs. In Hong Kong, banquets are usually held at home. On New Year’s Eve, the whole family gathers together, inside and out, to enjoy dinner.

After a full meal, you can go to the flower market or something, and watch TV at home.

Not only CCTV has Spring Festival Gala, TVB and Phoenix TV also have Spring Festival Gala.

Moreover, Su Chen has also seen the program list, which is basically singing and dancing.

But Su Chen didn't even have time to participate in things like buying new year's goods.

Because Dragonair, which has been making a lot of money at a loss, is going to be reorganized, and Ms. He is temporarily unable to attend, so Su Chen will replace her.

In September last year, Ship King dismissed the position of chairman of the board of directors due to age, and was replaced by his son-in-law, former executive director and chief executive officer Su Haiwen.

This is actually a signal for the Bao family to fade out of Dragonair.

By November, Ship King announced the sale of its 11% stake in Dragonair to Cao Qipu, and Su Haiwen also resigned from the chairman of the board of directors and chief executive officer at the same time.

Su Haiwen also stated that the sale of the shares held by the Bao family in Dragonair is purely a commercial decision and has nothing to do with political factors.

But in any case, it is an unpleasant experience to invest in Dragonair and become the ship king.

In Dragonair's office, several major shareholders have already gathered.

After discussion, Dragonair restructured its capital.

After reorganization, the registered capital increased to 8 million Hong Kong dollars.

Swire and Cathay Pacific hold 5% and 30% of the shares of Dragonair respectively, CITIC Hong Kong's shareholding has also increased to 38%, while the Cao family's shareholding has dropped to 3%.

At the same time, Cathay Pacific took over the management of Dragonair as the second largest shareholder. Cathay Pacific arranged for two key members to join the board of directors of Dragonair and take charge of financial and operational responsibilities respectively.

Cathay Pacific transferred its Hong Kong-Beijing and Hong Kong-Shanghai routes to Dragonair, positioning Dragonair as a Hong Kong airline specializing in domestic routes.

As a result, Dragonair has actually become a subsidiary of Cathay Pacific, and Cathay Pacific has successfully consolidated its dominance in Hong Kong's aviation industry.

The reason why the operation is exactly the same as the trend of history is not only because of Su Chen's efforts, but also because of the interference of the British.

The British welcomed Dragonair's shareholding reorganization, believing that it would lead to better management of Dragonair. The cooperation between the two companies to open up new markets would be beneficial to Hong Kong and make the civil aviation negotiations between China and Britain simpler than before.

Of course, this rhetoric was probably made by pinching his nose.

They definitely still want to make a final counterattack.

Although Cathay Pacific at this time can basically be said to be in the pocket of Shengshi, as long as he wants, CITIC will definitely sell the equity to him.

But now there are still several years before the British's deadline, there is no need for the British to find themselves unhappy.

Even if it is a painless operation, it is quite disgusting.

Even if Cathay Pacific really buys Dragonair, the British will support another airline.

Moreover, keeping Hong Kong Dragon will allow the Chinese to fight the Chinese, and then British businessmen can be introduced to take the opportunity to sabotage.

In addition, due to the British's interference in the aviation industry, Dragonair became a subsidiary of Cathay Pacific, and it could not realize its desire to be the master of the country.

Cathay Pacific wants to split the route to Dragonair, but it is also subject to the control of the British.

When Cathay Pacific was acquired, the British issued a decree to maintain the policy of maintaining one route and one airline, and at the same time, Cathay Pacific was not allowed to be privatized.

In fact, after the acquisition of Cathay Pacific, the two parties have been entangled in this matter back and forth, so that even now, this company is also the reason for the British to trouble Shengshi.

As long as Shengshi or CITIC says to sell Cathay Pacific shares, the British will definitely buy them immediately.

"If we had known that such a Chinese company would acquire Swire and Cathay Pacific, maybe we would not have established Dragonair." Cao Qiyong said with emotion, "The efforts of the Shi Yahuai family for hundreds of years have all turned into bubbles in the end."

Su Chen said: "We just happened to show up, but it turns out that even if we intervene, Dragonair's life will be difficult."

"Life is very difficult." Cao Qiyong nodded, "But I believe we will have a good turnaround soon."

Boss Rong said: "So, in addition to operating 14 routes in the Mainland, we also need to open at least seven routes in Asia to ensure an average of 15 passenger planes leave the country every day, otherwise we will definitely have to operate at a loss."

"Cathay Pacific will also immediately set up an executive committee to supervise Dragonair and incorporate it into its own engineering, accounting and reservation systems." Su Chen took his words.

"I believe that with the management of Cathay Pacific and the assistance of CITIC, Dragonair's business will be on track and begin to develop rapidly." Cao Qiyong said, "So the next task for the two is still very heavy."

……

After the meeting, Boss Rong found Su Chen alone.

"I heard that you also intend to acquire Hong Kong Telecom?"

"It's true that we have this plan, but I didn't expect that the British would not let us buy it." Su Chen seemed a little helpless, sometimes a lot of money may not be able to get things done.

Especially for Wei Yixin, Shengshi's various large-scale activities in Hong Kong are really intolerable, so he makes things difficult everywhere.

In addition, the British government did not promote Shengshi as a creditor, which led to the British interference in the development of Shengshi in Hong Kong.

Even if it is publicized everywhere, the county magistrate is not as good as the current one.

Boss Rong said: "How about I sell you Telecommunications and you sell Hengchang to me?"

Su Chen shook his head directly: "Hengchang is also extremely beneficial to our development. It must not be sold, but Boss Rong wants to acquire Hengchang now. Could it be that he wants to go public through a backdoor?"

"I did have this plan. I was also optimistic about Hengchang, but in the end, you got ahead of me." Boss Rong was very helpless, feeling that his luck had been taken away.

Moreover, he was forced to start many companies that he did not intend to purchase, such as Hong Kong Telecom, which was purchased a few months earlier than he planned.

Since Shengshi appeared, he has changed from active attack to passive attack.

Su Chen said: "We don't plan to sell our properties, but Boss Cao's Taifu looks pretty good to me. I suggest you consider it."

"I want to think about it, is our strategic cooperation still there?" Boss Rong said, "If there is any industry for cooperation in the future, I wonder if you are interested?"

Su Chen became interested in an instant: "I want to invest in the mining industry in the mainland. I wonder if Boss Rong has a way?"

"This..." Boss Rong was silent for a while, and said, "I need to take a good look and get back to you when the time comes."

"Okay, then I'll wait for good news from Boss Rong."

After the chat, everyone went out to have a meal together, to have a good time, and then went back to their respective homes.

Hong Kong does not have the custom of celebrating the new year. There is a saying that "the twenty-eighth year, wash the sloppy". Every household has to do a "big cleaning" before the first day of the first lunar month. Welcome.

Now there is only one week before the Chinese New Year, and Ms. He hired many servants to clean up.

Because the house is too big, it took three days to clean it, and every corner was guaranteed to be cleaned.

Doing a good job in sanitation and preparing New Year's flowers are also indispensable for home decoration.

Then have to prepare red envelopes.

Even if there are no relatives, the subordinates must come to visit.

Su Chen was posting couplets when Miss He suddenly brought an envelope: "There is a letter from you."

"Where did you send it?" Su Chen asked casually.

"The capital..."

(End of this chapter)