I lost my vegetative state, and I became the richest man in the world

Chapter 780 The target Xiangjiang third foreign firm will meet Defeng foreign firm!
1983 2 Month 7 Day.

The 25th of the twelfth lunar month.

There are still a few days until New Year's Eve.

At this time, the Spring Festival is approaching.

Since January 1, during the weekdays, Heung Kong has been on trial for the fraud case of Carrian and Chen Songqing.

There are too many debts, witnesses, and physical evidence involved. During the trial, Chen Songqing always denied that the fraud crimes had nothing to do with him, or directly blamed the crimes on his subordinates or other people.

As a result, the citizens of Xiangjiang seem to have become melon eaters for more than a month. Many people are paying attention to the news about Chen Songqing, but Yang Ming is focusing on another matter.

Xiangjiang's third largest foreign company.

Wheelock Bank.

In 1979, Yang Ming began to plan to swallow Wheelock & Co.

However, before this, there has been no chance.

At this moment, Yang Ming felt that the time had come, and he even became mature.

Yang Ming just went to see Deng Liyun.

At this time, when it entered February, it was already the fourth month of pregnancy, and Deng Liyun's belly began to be a little obvious.

Yang Ming was still very happy when he thought that he could be a father in five months.

Yang Ming stood at the window and looked out the window.

"Master, here comes Mr. Merris."

"Ask him to come up."

Meris received a call from his boss when he was off work.

When Meris came up, he saw that the boss was looking out the window and didn't know what he was thinking.

"Boss, here I come."

"Maris, I will tell you two things, both of which are very important."

"Boss, tell me."

"First, my woman has been pregnant for more than four months."

The boss's woman is more than four months pregnant?
Merris was really surprised.

Before that, he had always hoped that the boss would have children. Naturally, he was worried about what would happen to the boss. There was no suitable heir to inherit this huge imperial group.

Now the boss's woman has been pregnant for more than five months.

"Boss, congratulations!"

Meris was very happy when he heard the news. He was really happy for the boss from the bottom of his heart.

"Among these executives, except for you, no one else knows about it, and I don't want to say it for the time being. I will say it when the child is born."

Meris nodded.

The boss's child, the future is destined to be difficult, and if he can be a suitable heir, the future will be even more difficult.

"Boss, I wonder if Miss Sara or Miss Diana is pregnant?"

Yang Ming shook his head.

"None of them."

Since it wasn't them, Meris didn't ask any more questions.

"The second thing is about Defeng Foreign Firm, the third largest foreign firm in Xiangjiang. Now it is time to swallow this foreign firm, and the time is ripe."

Xiangjiang's third largest foreign company?
Yang Ming has swallowed Hutchison Whampoa and Jardine Land successively.

These two foreign firms are the second largest and largest in Xiangjiang respectively, and the rest are Wheelock and Swire.

However, regarding Taikoo Matheson, the Swire family has concentrated their shares and even cross-controlled it. It is basically impossible for the Imperial Group to swallow Taikoo Matheson.

On the contrary, Wheelock & Co. is different.

Back then, when Yang Ming integrated his shipping groups and established Xiangjiang No. [-] Shipping Group, his real goal was to target Wheelock & Co.

It seems that after four years of preparation, the time has finally come.

In January 1972, the Board of Directors of Wheelock announced that the issued 1 million ordinary shares would be changed to A shares, and every two A shares would be available for one B share, and the par value of each B share was one-tenth of that of A shares , but have the same voting rights as A shares.

In July 1972 and June 7, Wheelock issued a large number of B shares twice.

At that time, people in the industry estimated that the main purpose of Wheelock's move was to regain control of the board of directors.

Although the issuance of B shares was not a very open and aboveboard matter, it did play a significant role in defending control.

This also became the main reason why no one took the idea of ​​Wheelock in the late 20s and early 70s when the takeover war was raging.

However, the "B-share fortress" is not impenetrable.

As long as any external consortium obtains enough equity, it can propose to hold a special general meeting of shareholders. By canceling the privileges of B shares, the control right will immediately fall into the hands of investors who hold a large number of A shares.

Historically, the Board of Directors of Wheelock also naturally understood this truth. Therefore, after discovering that the Jardine Matheson Group still held a large number of Wheelock A shares, they took measures to protect themselves.

Wheelock's main approach is to change the status of its listed company's joint venture from a subsidiary company to an associate company. The specific measure is to reduce its shareholding in the joint venture from the original 50.7% to less than 50%.

Because according to the Hong Kong company law, subsidiaries are not allowed to hold shares in the parent company unless they have held shares before becoming a subsidiary.

The conglomerate can hold Wheelock shares after it has been converted from a subsidiary of Wheelock to an associated company.

In the same year, the conglomerate injected two freighters into its subsidiary Baofu Development, sold its Lane Crawford stock to a real estate trust of the same line, and raised funds to continue to absorb Wheelock stock.

By the end of 1981, the shares held by Wheelock had increased to 10.99%.

At that time, people in the securities industry analyzed that the board of directors of Wheelock seemed to intend to cultivate the conglomerate into a major shareholder of Wheelock, in order to assist the board of directors of Wheelock to defend its control.

However, the battle for Jardines to acquire Wheelock never broke out. At that time, Jardines’ land properties were also coveted by Chinese tycoons, and later they fell into financial difficulties due to serious mistakes in investment strategies. Unable to start acquisition.

Historically, Wheelock has indeed played a great role in defending control by issuing A shares and B shares. Under normal circumstances, other consortiums are difficult to break through.

It is precisely because of that that although Yang Ming has long taken a fancy to Wheelock & Co., he has never had a chance to make a move. Just like the Jardine Matheson of the Joseph family in history, there was no way to acquire Wheelock & Co. .

However, there is a saying called.

Fortresses are often breached from within.

If the Zhang family, the largest shareholder of Wheelock Bank, and the second largest shareholder, John Maseng, cooperate closely and there is no conflict, other consortiums will simply not be able to swallow Wheelock & Co.

Now the fortress of Wheelock & Co. has internal problems.

"Boss, are you saying that it is suitable to acquire Wheelock?" Meris asked.

Meris already knew that the boss wanted to acquire Tak Fung Co., Ltd., the third largest foreign firm in Xiangjiang.

Now the opportunity really came.

"As far as I know, the conflict between the Zhang family and John Maseng is getting deeper and deeper at this time, and the Zhang family is very likely to sell all the shares of Wheelock and Firm."

Meris was really shocked when he heard that.

When others were paying attention to the case of Chen Songqing and Carrian Group, he did not expect that the boss had already noticed the situation of Wheelock & Co.

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