People in Hong Kong create super chaebols

Since Tianyu Automobile Group successfully found a capable person in charge, Zhang Qizhen's work pressure has been significantly reduced, freeing up precious time and energy for him, allowing him to focus more on handling key matters inside and outside Tianyuan Investment Company.

Therefore, when Su Cheng issued an emergency call to him, Zhang Qizhen was able to quickly adjust his state, suspend the work at hand without hesitation, and devote himself wholeheartedly to the work tasks assigned to him by Su Cheng.

Soon, Zhang Qizhen led his elite team to the transaction site and met up with Su Cheng and Li Jiacheng's team who had been waiting there.

After in-depth and efficient negotiations, the two parties quickly reached consensus on many key issues and successfully signed the share transfer contract.

The signing of this contract marks that the two parties have officially taken a new step in cooperation.

After the contract came into effect, Su Cheng demonstrated great integrity and efficiency, and immediately arranged to pay all the funds required for the share transfer, ensuring the smooth progress of the transaction.

Although Li Jiacheng's current strength is no longer what it used to be, Su Cheng did not take it lightly. Instead, he remained highly vigilant and respectful towards him.

He was well aware that Li Jiacheng's keen insight in the business field and his brilliant past achievements meant that he should not be underestimated even in adversity.

What surprised Su Cheng most was that Li Jiacheng turned his attention to the Wheelock Group this time. This move undoubtedly intensified the competitive situation in the market and made Su Cheng more determined to act cautiously and move forward step by step.

Now, with Li Jiacheng transferring his shares to Su Cheng, this move clearly shows that he has completely given up his plan to acquire the Wheelock Group.

This change relaxed Su Cheng's vigilance and he no longer needed to worry too much about the potential threat from Li Jiacheng.

After successfully acquiring these 9.7% shares, Su Cheng's shareholding in Wheelock Group reached 21.5%. This figure is enough to make him the largest shareholder in most listed companies and enable him to challenge the control of the group.

However, in the particular case of Wheelock Group, the situation is different.

In the early years, under the management of John Madden, Wheelock Group adopted a parallel listing strategy for A shares and B shares in order to maintain its unique governance structure.

Among them, the market value of B shares is only one-tenth of that of A shares, but the two enjoy equal status in voting rights.

All the shares that Su Cheng purchased from Li Jiacheng and Jardine Matheson were A shares. Although this gave him an advantage in market value, it did not give him an overwhelming force in voting rights.

In contrast, although the market value of the shares held by John Madden, chairman of Wheelock Group, is less than that of Sioux City at this stage, he holds Class B shares, which have ten times the voting rights of Class A shares.

This unique equity structure ensures John Madden's absolute controlling position in Wheelock Group, making any fight for controlling rights without his consent particularly difficult.

Therefore, although Sioux City has made significant progress in its shareholding ratio, it still needs to overcome many obstacles to truly shake John Madden's leadership position in Wheelock Group.

However, Su Cheng did not rush for success. He understood the importance of patience and strategy.

He knew that as time went by, John Madden's enthusiasm for Wheelock Group might fade, and the idea of ​​selling shares might resurface. Sioux City patiently waited for this opportunity to come, ready to take action at the right time.

At the same time, Su Cheng also realized that as an important part of the group, the operating conditions of Wheelock Shipping Company will directly affect the stability and development of the entire group.

Once Wheelock Shipping Company falls into serious losses, he, as the largest shareholder, will have enough confidence and voice to make more powerful demands on John Madden, and may even force the group to make necessary reforms and adjustments by "forcing the palace".

According to the information obtained from Xiao Ai, John Madden's development strategy will indeed bring about a sharp decline in profits for the Wheelock Group in the next two to three years. This is an unavoidable fact.

He planned to use this to have a frank conversation with John Madden at the right time and get John Madden to voluntarily give up his controlling stake in Wheelock Group.

After finishing this matter, Su Cheng prepared to tell John Madden about it.

Because he knew that even if he kept this matter secret now, the public financial statements of Cheung Kong Holdings would make it all public in the future.

As a listed company, Cheung Kong Holdings has a legal obligation to fully disclose its financial status and profit sources to the public.

This requirement for transparency prompted Sioux City to realize that it was better to adopt a proactive communication strategy than to let information leak out naturally and cause unnecessary suspicion and misunderstanding, especially causing John Madden to have unnecessary doubts about him.

So, at the critical moment when Zhang Qizhen and others were dealing with transactions related to Cheung Kong Group, Su Cheng decided to call John Madden directly.

On the other end of the phone, John Madden's voice was filled with surprise and curiosity: "Hello, Mr. Su, is there something important you want to discuss with me at this time?"

His tone revealed that he was a little confused about Su Cheng's sudden contact. After all, the two had just met at the board meeting less than two hours ago.

"Mr. John, there is something I need to tell you honestly. Not long after I came back to Su Group, Mr. Li from Cheung Kong Group took the initiative to contact me. He hoped that I could take over his shares in Wheelock Group.

Through further investigation, I learned that Mr. Li had long been seeking to increase his stake in Wheelock Group, and because I unexpectedly became a new shareholder of the group, he decided to abandon his plan for direct acquisition and instead transfer the shares to me in a friendly manner.

Considering the current stable profitability of Wheelock Group, I thought it was an attractive investment, so after careful consideration, I agreed to the deal with him.

Just a short while ago, we officially completed the transaction and I now hold a 21.5% stake in Wheelock Group.

However, Mr John Madden, let me stress that I have absolutely no intention of interfering with or challenging your position at the helm of Wheelock.

I am very aware of your outstanding leadership and management capabilities for the company. Therefore, I promise to continue to be a responsible shareholder, holding shares but not participating in daily management and decision-making. I firmly believe that under your leadership, Wheelock Group will continue to prosper and develop. "

While on the phone with John Madden, Su Cheng gave him a bowl of Ecstasy. (End of this chapter)