People in Hong Kong create super chaebols

Faced with the sudden situation, John Madden didn't know how to answer for a moment.

Especially the senior executives in the conference room, their attitude towards him immediately changed after they learned the news, which made him even more uncomfortable.

At this moment, he, who was already in his sixties, looked even older.

Who would have thought that he was the chairman of Wheelock Group a day ago, and even if the Zhang family forced him to abdicate, he could easily resolve the situation with just a few words.

As a result, he received such news today, which he really found hard to accept for a while.

Although John Madden had already thought about leaving the Wheelock Group, the meaning of stepping down voluntarily and being forced out by others are completely different.

However, at this moment, it seems meaningless to say more.

"Mr. Su, are you interested in my shares? I want to sell the shares of Carrefour Group to you." After a long time, John Madden said this.

However, Su Cheng had no intention of continuing to acquire shares. The 49% shares he held were enough to control this British-owned company.

"Mr. John, I don't plan to increase my shareholding because I have no plan to privatize it. I still have some influence in the Hong Kong stock market. Once everyone knows that I become the chairman of the board of directors of Wheelock Group, the share price of Wheelock Group will definitely rise. Why bother selling it to me, Mr. John? You can sell it slowly on the stock market. The funds from the sales will be much higher than the price I paid for it. Even if I buy it, I can't give too high a price." Su Cheng said with a smile.

When John Madden heard this, his eyes lit up. It was true. Which of the listed companies controlled by Su Cheng now had a big increase in share price? The share prices of Hong Kong Electric Group, China Bus Company, Hongkong Land Group, etc. were all very high. Obviously, after Su Cheng took over Wheelock Group, he would be able to raise the share price of Wheelock Group.

At this moment, he was no longer dejected, but instead a smile appeared in his eyes.

Wheelock suffered heavy losses in the shipping industry this year and he was tired of running the company. Now, it can be considered a relief.

"Mr. Su, I will cooperate with you on the handover." At this moment, John Madden, who already knew that he was powerless to save the situation, answered simply.

"Very good, then thank you Mr. John for your cooperation." Su Cheng said with a satisfied smile.

John Madden's cooperation is naturally the best.

Otherwise, he would have no choice but to force him out of office and then take over again.

So, Su Cheng took the phone from the bodyguard and called Wei Li, asking him to send someone to take over the management of the Wheelock Group.

Wheelock Group and Hutchison Whampoa Group are both traditional British banks, and having Hutchison Whampoa take over is obviously the best option.

Today, he holds 100% of the controlling stake in Hutchison Whampoa. It would be a very good idea to merge the Wheelock Group into Hutchison Whampoa and make it a listed company under Hutchison Whampoa.

More than an hour later, Wealthy hurriedly brought a group of senior executives to the Wheelock Group.

Wei Li was extremely excited at this moment. The merger of Wheelock Properties into the Hutchison Whampoa Group would be equivalent to strengthening the strength of Hutchison Whampoa. How could he not be excited!

Although all the companies under Sucheng are on good terms with each other, there is definitely competition in secret.

For example, Hutchison Whampoa Group and Su Group are secretly competing to see who is the boss.

Su Cheng did not stop this, allowing them to compete, which can be considered a motivation.

With the cooperation of John Madden, Werley and his team successfully took over the Wheelock Group.

From then on, this giant, which was once one of the four major British trading companies, was taken over by Su Cheng.

As a large listed company, there are many small shareholders who own Wheelock's shares, so the change of control must naturally be made public.

So, Wheelock Group held a press conference.

At the press conference, when Su Cheng announced that he would become the chairman of Wheelock Group, the scene was once again shocked.

Another British-owned company was taken over by Suzhou.

Looking back over the past few years, the British banks that have been acquired by Suzhou include giants such as Hutchison Whampoa Group, Hong Kong Electric Group, and Hong Kong Land Development. Now, there is also the Wheelock Group.

How can this not be shocking?

Before that, he had even directly taken over Jardine Matheson. If Su Cheng had not finally chosen to sell it for HK$20 billion, Su Cheng would have almost taken over most of the major British banks.

Even for the Wharf Holdings, a giant with a high market value, Su Cheng is also the second largest shareholder.

The news spread rapidly to all parts of Hong Kong.

Although Hong Kong is not a big country, news spreads very quickly.

Even before these media outlets made the news public, the news of Su Cheng's successful acquisition of Wheelock Group had already caused quite a stir.

As a result of the news spreading, the stock market crashed.

Originally, Hong Kong's stock market has been affected to varying degrees by the real estate crisis, shipping industry depression, etc. since the beginning of this year, and few listed companies have been able to maintain their upward trend.

The Wheelock Group has been dragged down by the shipping industry, and its stock price has not been doing well this year, and its trading volume has dropped significantly.

But when the news of Su Cheng taking over the Wheelock Group spread, it immediately caused a sensation throughout Hong Kong.

As a result, many investors set their sights on the shares of Wheelock Group.

Driven by the continued enthusiasm of investors, the share price of Wheelock Group rose by more than 50% in just one day.

One can imagine how much trust these investors have in Sucheng.

Although this matter has little to do with Su Cheng, he holds 49% of the shares and has no plans to increase his holdings.

But from their reactions, we can also feel their enthusiasm.

Su Cheng has long become the most trusted entrepreneur in the eyes of Hong Kong citizens.

When John Madden saw this scene, he suddenly felt very grateful to Sioux City.

With the market so hot now, it would be very easy for him to sell his shares.

However, at this moment, he hesitated, wondering whether to sell it or not.

If it is not sold, the dividends will definitely be considerable when the Hutchison Whampoa Group turns losses into profits, which seems to be a better option than selling it.

……

The news of Su Cheng taking over the Wheelock Group was a hot topic among Hong Kong citizens for more than half a month before the discussion gradually died down.

At this time, the share price of Wheelock Group had risen by more than 150% compared to the time when Suzhou City acquired it.

The total market value of Wheelock Group also jumped into the top ten of listed companies in Hong Kong.

It can be said that after the change of boss, the Wheelock Group underwent direct and revolutionary changes and was no longer the British enterprise managed by John MacArthur.

Wheelock has many subsidiaries, including listed joint ventures such as Wheelock Group and United Enterprises, under which United Enterprises has a fairly powerful company, Po Fook Development.

In addition, Wheelock also controls the famous listed company Hong Kong Tunnel Company. In addition, Wheelock Shipping, Trustee Trust, Harriman Development, Federal Development, Lane Crawford, etc., these are all important listed companies, all controlled by Wheelock Group.

From this we can see that although the Wheelock Group seems to be unable to recover today due to the losses of Wheelock Shipping, it can also be seen that its foundation is very strong.

Under Weeley's management, it was not difficult to revitalize the Wheelock Group. It was just a matter of turning Wheelock Shipping from loss to profit.

Therefore, with the authorization of Sioux City, Wheelock Group sold 1% of the shares of Wheelock Shipping Company, which was now suffering from heavy losses, to Dali Logistics Company, a subsidiary of Sioux City, for US$50.4.

Wheelock Shipping itself was suffering from heavy losses and its stock price had fallen very low. Taking this opportunity, it continued to acquire stocks on the stock market and then officially announced that Wheelock Shipping would be privatized.

Then, Wheelock Shipping merged with Dali Logistics Company to eventually form the new Dali Logistics Group.

At this point, Wheelock Shipping Company withdrew from the market. With so many manufacturing industries under Suzhou City, it requires a lot of transportation to transport goods to all parts of the world, and the original Dali Logistics Company is not enough to transport so many properties. The Suzhou market will cooperate with Bao Yugang's Global Shipping Group.

Although Bao Yugang has been selling ships continuously over the years, Global Shipping Group still maintains part of its shipping business.

Now, with the acquisition of Wheelock Shipping, Dali Logistics’ strength has increased several times and it has become the largest logistics and shipping company in Hong Kong.

In fact, Dali Logistics Group is one of the top three shipping fleets in the world.

After all, both Dali Logistics and Wheelock Shipping Company owned some of the best ships in Hong Kong.

Now that the two companies have merged, their strength can be imagined.

As for where it ranks in the world, it is unknown without relevant data or corporate surveys.

Su Cheng didn't pay much attention to the outside public opinion because the Su family was pregnant again.

Cherie Chung successfully gave birth to a little prince again.

At this point, Su Cheng had three sons and one daughter.

Chung Chuhong still felt a little regretful that the baby was not a daughter, but after thinking about it, she became happy again. No matter whether it was a boy or a girl, they were her and Su Cheng's own flesh and blood, and this was an undeniable fact.

After Cherie Chung gave birth, Gillian Chung will also be due soon.

Gillian's pregnancy was just over two months later than that of Cherie Chung.

In other words, in two or three months, the Su family will have a new member.

The Su family has more and more members, it is really a blessing to have many children!

Su Cheng also doted on the newborn baby. He was always fair and just to his children and never showed too much partiality.

Although there is only one father, fatherly love can be divided.

……

In the blink of an eye, more than two months have passed.

Under Wealthy's management, the Wheelock Group is getting better and better.

Especially after the burden of Wheelock Shipping was removed, Wheelock Group ushered in comprehensive development.

Moreover, after several rounds of financing, the funds of the Wheelock Group have become increasingly abundant.

Su Cheng has neither increased nor reduced his shareholding. He has always maintained a 49% shareholding ratio. Even if he raises funds, he will increase his shareholding to 49%.

In Hong Kong, other entrepreneurs’ favorite thing is to cooperate with Suzhou.

Therefore, when the Wheelock Group announced the financing, many bigwigs got involved.

For example, Bao Yugang, Zheng Yutong, Li Jiacheng, and even Huifeng Bank, all participated in the financing.

Therefore, with the investment from the big guys, even if Su Cheng did not invest, there would be enough funds of more than 3 billion Hong Kong dollars available.

This amount of funds is enough to make the Wheelock Group take off.

Su Cheng rarely gets too involved in matters concerning the Wheelock Group because he trusts his management team.

On the contrary, if he manages it himself, he may not be able to manage it so well.

Moreover, he rarely devotes too much energy to a company in which he holds 49% of the shares, let alone a listed company in which he only holds % of the shares.

Dali Logistics Group also merged smoothly.

This acquisition of the Wheelock Group can be said to be a very cost-effective deal.

He only invested a few billion Hong Kong dollars in the Wheelock Group.

Today, the total market value of Wheelock Group has reached more than 49 billion Hong Kong dollars, and he holds %, which means that the market value of the Wheelock shares in his hands has reached more than billion Hong Kong dollars.

Of course, market value is something that changes at any time. If you don't sell shares, it's just a number.

But it is enough to see that everything is moving in a good direction for the Wheelock Group now.

Otherwise, how could investors be able to drive up the share price of Wheelock Properties after two or three months?

The continued rise in stock prices indicates that there is more and more good news about Wheelock Group.

Tseung Kwan O, Tseung Kwan O Hospital, in a high-end delivery room.

At this time, Su Cheng was waiting outside.

The one inside is Gillian, and today is also the day she gave birth to her baby.

"Boss, the baby is born, it's a girl!" The female nurse inside came out holding the baby, a little worried that Su Cheng would be unhappy when he knew it was a girl.

However, Su Cheng showed a happy expression. The girl is good.

Now, he has three boys and two girls, five children in total.

After a while, Gillian was pushed out. Her face was pale, but full of a happy smile.

"Thank you for your hard work." Su Cheng walked forward, held Gillian's pale little hand, and said gently.

This is the woman who gave birth to his children, so of course he values ​​her.

The cart pushed Gillian into a high-end delivery room. There were no other pregnant women nearby, or even in the district. Only the people here who were trustworthy in Su Cheng were there.

After all, Su Cheng never wanted his family affairs to be made public.

"Cheng, I want to see our daughter."

"Okay, I'll hold it for you to see how cute it is."

After Gillian returned to the villa to recuperate after giving birth, Su Cheng resumed his normal life.

That morning, after Su Cheng got up, he ate breakfast and read the newspaper as usual.

The newspaper in his hand was the Oriental Daily News.

"Mr. Su Cheng officially becomes the world's number one shipping tycoon!" This is the main page headline of Oriental Daily.

Huh?
Su Cheng looked at it carefully.

He thought it was an article from Oriental Daily, but after reading the content he realized that the source of the news was an article written by The New York Times in the United States.

It turned out that after the merger of Dali Logistics and Wheelock Shipping, the New York Times specifically investigated several of the world's largest shipping companies.

In the end, it was discovered that the tonnage of ships owned by Dali Logistics Group today is the highest in the world.

In other words, the boss of Dali Logistics Group in Sucheng has conquered the world and become the world's number one shipping king!
Seeing this, Su Cheng was also a little surprised.

He himself had no intention of competing for this honor, but he felt that the merger of Wheelock Shipping and Dali Logistics Group would enable them to develop better.

I really didn't expect that, by accident, I would become the world's shipping king. (End of this chapter)