People in Hong Kong create super chaebols

Su Cheng gladly accepted John Madden's sincere invitation and officially joined the board of directors of Wheelock Group. After the official announcement of Wheelock Group, this news quickly swept the entire Hong Kong business community and became a hot topic on the streets.

As soon as the news came out, the share price of Wheelock Group seemed to be injected with a strong momentum and soared for several consecutive days, which not only attracted the attention of many investors, but also demonstrated the market's high recognition of Su Cheng's personal influence and strategic vision.

It was not until the craze gradually subsided that the stock price stabilized at a high level.

At this time, the share price of Wheelock Group had risen by as much as 30% compared to its original normal price.

This move by Su Cheng undoubtedly once again confirmed his extraordinary appeal in the business community.

For the public, Su Cheng's choice seems to have become an invisible endorsement. The listed companies he favors and joins are naturally endowed with extremely high growth potential and investment value.

Today, in Hong Kong, a financial hotbed, investors no longer regard the name of Suzhou as just a simple symbol, but have transformed it into an almost blind trust and following.

Every decision he makes affects the nerves of the market and becomes an important indicator for promoting capital flows.

Of course, Suzhou City did not show undue concern about the temporary rise in the stock price of Wheelock Group.

He has a longer-term vision. Although he has the ambition to acquire Wheelock Group, his strategy is not to rush for success, and he has never considered privatizing it.

In Su Cheng's view, not all of its subsidiaries need to be privatized. For example, it is sufficient for the Hutchison Whampoa Group to maintain its status as a listed company and there is no need to privatize it.

Su Cheng knew the development history from Xiao Ai and was very aware that the Hong Kong market was unpredictable, especially the bubble problem in Hong Kong's real estate market, which was like a sword of Damocles hanging over his head.

He predicts that in the next three or four years, as the bubble crisis gradually emerges, the market will undergo a profound adjustment.

By then, investors such as John Madden are likely to face pressure due to investment losses and may want to sell their shares.

It is based on such prediction that Su Cheng appears to be calm and composed.

He believed that when the selling wave came, Su Cheng, as an important member of the Wheelock Group, would naturally be able to go with the flow with his keen insight and strong strength, take over these shares, further consolidate his position within the group, and also lay the groundwork for future strategic layout.

In October, the climate in Hong Kong is particularly pleasant with a refreshing autumn breeze.

Su Cheng stepped into the Wheelock Building, a place he had never been to before, and couldn't help feeling a little emotional.

When Suzhou City had not yet emerged and his career had not yet taken off, there was almost no intersection between him and the Wheelock Group. Their worlds were like two parallel lines that never intersected.

However, with the gradual rise of the Suzhou business empire, his companies gradually developed close ties with the Wheelock Group and cooperation increased.

However, most of these business dealings no longer require the personal attention of Su Cheng, the busy boss, as they will be properly handled by capable generals.

Therefore, although Sioux City was well-known in the business world, he did not have many opportunities to have in-depth interactions with John Madden, a tycoon who controlled a large British company.

Their encounters were mostly limited to brief encounters in public occasions, such as at Governor MacLehose's banquet, at large-scale business cooperation events held in Hong Kong, or at charity auctions. The two might just nod politely and exchange a faint smile, that's all. Although Wheelock Group is also a leader among the top British companies in Hong Kong, compared with industry legends such as Niu Bijian and Shen Bi, John Madden's leadership style and influence are indeed unique, but also reveal a certain gap, which prompts him to constantly seek new growth points and cooperation opportunities.

At this moment, more than 20 members of the Wheelock Group’s board of directors gathered in a solemn and elegant conference room.

As a top listed company with many shareholders, the members who can serve on the board of directors are all the best in the industry, and these twenty or so people are the best among them.

John Madden, the leader of the group, was now sitting at the head seat at the conference table, with a gentle and sincere smile on his face.

His words were full of expectations for the future and respect for the people in front of him: "Today, I am deeply honored to announce that our Wheelock Group Board of Directors will welcome a new member - Mr. Su Cheng. His joining will undoubtedly inject new vitality and wisdom into our team. Please welcome him with the warmest applause!"

As John Madden finished his words, thunderous applause broke out in the conference room.

Every member of the board of directors expressed their sincere welcome and expectations to the new partner with an enthusiasm that was almost ceremonial.

This applause not only contains the recognition of Su Cheng’s personal achievements, but also reflects their common vision for a brighter future for the Wheelock Group.

The news that this industry giant from Suzhou had suddenly become the second largest shareholder of Wheelock Group shocked both inside and outside the group. This was indeed a major turn of events that no one had expected.

Compared to the complicated thoughts that John Madden may have about this change, other shareholders' reactions seem more direct and optimistic.

In their eyes, the addition of Suzhou City will undoubtedly bring more opportunities and possibilities to the Wheelock Group, and it will only bring benefits without any disadvantages.

After all, the actual control of the group is still firmly in the hands of John Madden, the core management, and has little to do with them. As shareholders, they are more likely to enjoy the benefits brought by it.

Although they are all members of the board of directors and have certain voting rights, the real decision-maker is still John Madden, the chairman of the board.

Therefore, for ordinary board members, whether Su Cheng will seize power has little to do with them.

As they expected, since Su Cheng became a shareholder, the stock of Wheelock Group has continued to rise, showing strong market performance.

This rising tide not only boosted the overall value of the group, but also benefited every shareholder.

Their personal wealth increased as the price of Wheelock's stock climbed, and their net worth doubled.

Therefore, these shareholders showed great enthusiasm and welcome for Su Cheng's arrival.

They understood that the joining of this big boss from Suzhou was not only a significant improvement in the strength of the Wheelock Group, but also brought them a feast of wealth.

In this context, Sucheng has undoubtedly become their "lucky star". (End of this chapter)