Through the wealth life

Chapter 410 Another blow

In order to tie the Singapore consortium to their side, Wooden Szehuaiya and others gave up a lot of benefits. They just hope that these companies can resist the attack of the Li consortium together with them in the future. The pressure on them now is really is too big.

Just after they had won over several big families in Singapore in the morning, the news from the Hong Kong government in the afternoon dealt them a severe blow again, especially for Wooden Shihuaiya and Shen Bi, the news was quite unfavorable to them.

Just this afternoon, the Li's consortium's application for establishing an airline company was approved by the Xiangjiang government. Now the Li's group can formally establish their own airline in Xiangjiang. , Singapore, Bangkok, London, Los Angeles, Sydney and other 16 routes.

You must know that Cathay Pacific currently does not have routes to Los Angeles and London, and the airlines of the Lee Group have not been seen yet, and they have received so many flights. This has caused them Cathay Pacific to suffer a huge blow. Although their airline is not listed But the current market value has also dropped by two or three layers immediately, and their monopoly position has been broken.

The news of the approval of Li’s Group Airlines has excited countless citizens of Xiangjiang. They hope that Li’s Group can quickly complete the company’s establishment and arrange flight departures as soon as possible, so that they no longer have to endure the poor service of Cathay Pacific.

They are very confident in the airlines of the Li Group, and they believe that the establishment of the airline by the Li Group is to serve them.

Shen Bi sighed helplessly in his office. Originally, his previous policy was very good. He won over Chinese families and consolidated HSBC’s position in Xiangjiang. threatened.

Especially when the Li's consortium wanted to enter the banking industry, Shen Bi would suppress it like that.Because he is very clear that once the Li's consortium establishes a bank, it will definitely be his biggest opponent.The Chinese family will choose his side, and all my hard work these years will be in vain, but unfortunately, I still can't stop him from entering.

When Li Guangyu asked him to buy Cathay Pacific, Shen Bi knew that the result would be like today, but he didn't expect it to come so fast and so violently.Not only did the Lee consortium take up nearly one-third of the shares of Swire Group in this acquisition, but Wheelock was swallowed up by Li Guangyu, and the British consortium suffered extremely heavy losses.

He doesn't know how long Jardine and Taikoo can last. Once they also collapse, it will be the turn of himself and Standard Chartered. Now there is no consortium or family in Xiangjiang that can stop the rise of the Li's consortium.

Shen Bi sometimes wondered if he hadn't suppressed the Li's consortium at the time, would the situation of HSBC be better now, maybe HSBC and the Li's consortium still cooperate in many aspects.

Shen Bi is still considering the issue of his 30% shares in Cathay Pacific Airways. He knows that the sooner he sells it, the better. Once the Li's Consortium Airlines is established, the value of Cathay Pacific Airways shares will become even lower.

Sometimes he doesn't understand Li Guangyu's thinking. Li Guangyu is a person who attaches great importance to profit, as you can see from his many groups.But only in Hong Kong public service companies, he doesn't seem to care about the profits of them. In the past few years, Kowloon Bus has made no more than [-] million Hong Kong dollars in profits for the Lee consortium. You must know that if Li Guangyu invested [-] million Hong Kong dollars in other companies at that time, It is easy to double or double.

The Xiangjiang Telephone Group is even more ruthless. Not only did it fail to make money, but the Li consortium also invested hundreds of millions of Hong Kong dollars in it.This is quite unusual in Xiangjiang at present, but the Li's consortium is welcomed by countless Xiangjiang citizens.

Shen Bi is sure that once the Lee consortium enters the airline, the air ticket price of Xiangjiang will be reduced by at least two layers. Cathay Pacific Airways will not be able to compete with the Li consortium unless Cathay Pacific also adopts such a low profit, but it is a bank , How to explain to customers that the investment is not profitable.

At six o'clock in the evening, Wooden Shihuaiya called the London family, reported on Li Guangyu's establishment of an airline company, and asked how he would do it here.

The family's opinion is to let him decide according to the situation. If he feels that the airline is not good, then sell the airline at the current high price. They don't want to operate without making money like the Li's consortium.

In terms of public service enterprises in Xiangjiang, other family consortiums do not want to enter any industry that Li Guangyu enters, because it is too pitiful to enter.Li's Group all adopt low profits. The Xiangjiang government stipulates a 15% profit line. 5% for companies like the Li's Consortium is not bad. They don't have so much money to play with the Li's Consortium.

The British consortium wanted to sell their airline, and a group of people became restless after learning that the Li consortium had obtained the airline's license.

In Huo Yingdong's mansion at night, Huo Yingdong, Hu Yingxiang, and Cao Guangbiao were discussing some news today.

Hu Yingxiang said: "Li Guangyu's counterattack this time is really sharp. Some time ago, the Li Group was jointly suppressed by the British consortium and the Singaporean consortium. Slapped them hard in the face."

Huo Yingdong is also very happy about this. The less influence of the British consortium in Xiangjiang, the better, and it will be more beneficial for the mainland to take back Xiangjiang.

Cao Guangbiao said: "Yingdong, this time I came to you and Yingxiang mainly to discuss the issue of the airline company. This time Li Guangyu Airlines has passed the approval. Can we also establish an airline company? We will develop the main industry to the mainland. Promote exchanges between Hong Kong and the mainland."

Cao Guangbiao's idea is good, but it is almost impossible to realize it now, not to mention that the airline company and others cannot apply for it, even the flight route problem. Doesn't Li Guangyu know the mainland market, but why did he get a mainland one this time? There are no routes, and the British government will never allow him to open mainland routes.

Huo Yingdong said: "Guangbiao, I know some of your thoughts, but we can't do it in the current environment. Look at Li Guangyu, how much noise he made for this airline, and finally the Xiangjiang government allowed him to open 16 airlines. The routes of the cities, the mainland is directly excluded, and these 16 cities still need the Li Group to communicate one by one, and we don’t know when it will be completed, and it may be more difficult for us to establish an airline company.”

After hearing this, Hu Yingxiang and Cao Guangbiao were also a little disappointed, but Cao Guangbiao did not give up.He said: "Since the Xiangjiang government can agree to Li Guangyu's establishment of an airline company, it means that the Chinese family still has a chance. This time I will apply to give it a try."

Huo Yingdong saw that Cao Guangbiao was determined to hit him, but he couldn't stop him. He really thought that the Xiangjiang government could talk so well.They don't know some news from London, Huo Yingdong is very aware of the actions of the Li Group over there through some channels.

The lively fighting on the Xiangjiang side is not inferior to the London side, but the news on that side has been suppressed, and the Xiangjiang side did not report more on that side.

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(End of this chapter)