Through the wealth life

Chapter 558

More than half a year of operation has made Cathay Pacific more and more declining. The suspension of some routes, changes in flight times, and discounts on prices have made Cathay Pacific unable to make ends meet every month and is in a state of loss.

Cao Guangbiao's previous ambitions have also completely cooled down. While Li Guangyu was busy ordering Gan Qin to inform the company to pass on the news of the perpetrators, several major shareholders of Cathay Pacific Airways gathered in the Cathay Pacific Airline conference room again to discuss the Cathay Pacific Airways. How the future of aviation will go.

They once hoped that after the acquisition of Cathay Pacific, they would be able to open many routes to the mainland, promote exchanges between Xiangjiang and the mainland, and at the same time ensure the passenger flow of their company.

However, the reality dealt a severe blow to Cao Guangbiao and others. So far, none of the routes applied by Cathay Pacific Airways have been approved by the Xiangjiang Transportation and Housing Administration. The timing of their flight is pretty bad.

Xiangjiang Airlines is just the opposite of them. Its fleet continues to grow and its routes are not subject to any restrictions. It has also successively opened cities in the mainland such as Beijing, Shanghai, Jiangcheng, Shuangqing, Chang'an, Huacheng and Huanglong.

Facing the huge monthly losses of Cathay Pacific Airways, some shareholders already want to transfer their shares, but because of the affection of Cao Guangbiao and Fok Yingdong and the fact that few families in Xiangjiang will come out to take over. airlines, so they did not take action.

Cao Guangbiao reported Cathay Pacific Wealth to these shareholders during this period, and also described the company's operating conditions.

The shareholders sitting here listened to Cao Guangbiao's report on the company, and they were all disappointed with Cathay Pacific Airways. They knew that if there were no sudden benefits, Cathay Pacific Airways would not be able to continue operating, unless they were willing to lose hundreds of dollars a month. Tens of millions of Hong Kong dollars, which does not include the depreciation cost of the aircraft.

At the beginning, they jointly took over Cathay Pacific Airways at a cost of 51 billion Hong Kong dollars, and sold 6 old aircraft a few months ago, recovering more than 2000 million Hong Kong dollars in costs.

Now Cathay Pacific Airways still has 18 planes. The main reason why the price was so high at the beginning was that Cathay Pacific Airways was still the leader of Xiangjiang Airlines, and Xiangjiang Airlines had not yet started operations.

But now that Cathay Pacific Airways is sold at half the original price, no one will take over the market value of Cathay Pacific Airways. The Xiangjiang market is already dominated by Xiangjiang Airlines.

Bao Yugang didn't say a word, he didn't care anyway, he didn't think he could make money when he invested in this investment, and now he can bear such a loss, divided according to the shares, it mainly depends on Cao Guangbiao, Huo Yingdong and Hu Yingxiang People, each of these three holds 20% of the shares, while Bao Yu only had 5% just now.

Huo Yingdong said: "Let's talk about what you think. Don't worry about face at this time. We are talking about business. I know that some shareholders are already short of funds, and they are still swallowing up money every month like a bottomless pit." Everyone's money, so it caused a lot of pressure."

Luo Yingshi saw that everyone sitting there was silent, so he said: "You don't want to start this issue, so let me say a few words. You also know that the financial situation of my two listed companies is quite bad, and Cathay Pacific is also in a bad position. Losing money every month, we are all businessmen. There is no hope of making a profit. I think it’s time to consider quitting. You said that if you can open a mainland route, the company can make a little contribution to the mainland, and it doesn’t matter if you lose money. But we can't do anything right now."

With Luo Yingshi taking the lead, several minority shareholders spoke one after another, all hoping to transfer their shares, so that they could get out unscathed.

Now Cathay Pacific is already a hot mountain for them. Not only does it not make any money, but it also needs to post a part of the funds to you every month to maintain the normal operation of the company.

They are not the top families in Xiangjiang, especially when the global economy is currently weak, their profits have fallen sharply, and some families have suffered financial crises like the Luo Yingshi family.

They are all trying to find funds everywhere to deal with the crisis of the family business, and they are asked to pay a sum of money every month, which makes them quite unwilling.

Some even hope to transfer out the shares in their hands as soon as possible, and the recovered funds can be used to improve the current financial situation of their own enterprises.

Huo Yingdong and the others saw that many small shareholders present were planning to sell their shares, and he also cleared that the current cooperation model could not be maintained.

Now the few of them are unable to acquire the shares held by these people, and they themselves are not very easy to acquire.At the beginning, they were invited by themselves and others, but now the price is too low and they have their own ideas in their minds. The price is too high, and they can't afford it.

Huo Yingdong said: "I think everyone is well aware of the future development of Cathay Pacific. With the existence of the Lee consortium, our Cathay Pacific basically has no future at all. It is still the case that the Li consortium has not suppressed it. Look at the supermarket If he comes here for a month or two, we can only choose to go bankrupt. Now that there are those who are willing to transfer shares, we will not stop them. I hope you can reduce losses as much as possible.”

……

After the meeting, Huo Yingdong, Cao Guangbiao and Hu Yingxiang exchanged their views on the situation of Cathay Pacific.

Hu Yingxiang said: "Yingdong, except for Yugang, other shareholders will be looking for a new home this time, and the situation of Cathay Pacific will be more severe. And as for the company's employees, I am worried that there will be another wave of resignations. Such news It will obviously make them lose confidence in the company even more."

Cao Guangbiao also knew about this situation. He said: "I will hold a staff meeting to appease their emotions and try my best to ensure that Cathay Pacific can operate normally."

Facing the current situation, Cao Guangbiao can only do so much.Now that even the shareholders have lost confidence in the future development of Cathay Pacific, how can we ask the employees to have full confidence in the company's future.

Now the few of them are already riding a tiger. The three of them have invested 36 billion Hong Kong dollars in it. If Cathay Pacific goes bankrupt like this, their losses will be too great.

In order to be able to acquire Cathay Pacific Airways, they specially found a bank for loans and mortgaged some of their own businesses. If they lost money, half of their family business would be lost here.

They are now placing their hopes on the mainland. As long as the Xiangjiang issue is resolved as soon as possible, Cathay Pacific can be brought back to life. If they choose to close their business at this time, their billions of Hong Kong dollars will be in vain. Willingly.

Huo Yingdong said: "The three of us hold 60% of the shares. No matter what, we will not shake our control of the company. In terms of operations, Guangbiao tries to arrange flights reasonably to reduce the company's losses."

What makes them helpless is that Youde has continued the practice of MacLehose after he took office, and he is very tolerant to the Lee consortium. Xiangjiang Airlines receives all kinds of preferential treatment as before, and their Cathay Pacific Airways is still the same as before. There is no sign of turning around on the Xiangjiang government side.

……

(End of this chapter)