People in Hong Kong create super chaebols

Half an hour later, Mr. Kolis Mitrovic, whom Uncle Chu mentioned, finally arrived.

This is an old man in his seventies, dressed very formally, with the air of an old aristocrat.

"Mr. Su, I've heard of your name for a long time. Today I finally meet you in person. You are such a young and promising person!" Mr. Kolis Mitrovic was the first to greet Su Cheng.

"Hello, Mr. Collis Mitrovic." Su Cheng nodded and looked at the old foreigner in front of him curiously.

"Mr. Chu, do you have a room where we can have a private chat? I want to discuss something with Mr. Su." Mr. Kolis Mitrovic looked at Chu Xuanyu and asked.

"Yes, Mr. Mitrovic, and my dear nephew, please follow me." Chu Xuanyu brought them to the door of a room.

"This is a negotiation room. You two can go in and talk slowly."

"Thank you for your help, Mr. Chu." Mr. Collis Mitrovic said with a smile.

"Uncle Chu, I'll go in and talk to him first." Su Cheng was also curious about what this old man, whom he didn't know at all, wanted to do with him.

"Well, you guys go in and talk, I'll wait for you outside." Chu Xuanyu said with a smile.

Chu Xuanyu was naturally very well-behaved. He knew that others were discussing some business secrets, so he would not follow in.

The negotiation room is not big, with an area of ​​only about 20 square meters, but it is filled with four luxurious-looking sofas.

Su Cheng and Collis Mitrovic found a place to sit down at random.

"Mr. Su, you must be very curious about why I am looking for you. Please let me introduce myself. My name is Collis Mitrovic and I am from Northern Ireland.

In 1946, I went to Hong Kong from the UK to do business. In 1958, I became a shareholder of the Jardine Matheson Group and joined the Jardine Matheson Board of Directors. In 1962, I became a member of the board of directors of Hong Kong.

In 1968, I returned to the UK from Hong Kong for the development of my family and have stayed in the UK ever since.

Despite this, I have always retained my position as a director of the Jardine Matheson Group and the Hong Kong Land Development, although I have rarely visited Hong Kong since returning to the UK, especially as I have grown older, and I have become less and less interested in what is happening there.

So I planned to clean up the shares in Hong Kong. I heard that Mr. Su came to the UK. Mr. Chu and I are business partners. He mentioned that you two have a good relationship. So I used Mr. Chu's relationship to arrange a meeting with Mr. Su to see if he is interested in the shares of the British-funded enterprises in Hong Kong. "

After hearing what Mr. Collis Mitrovic said, Su Cheng thought that it was just as he had guessed.

"Won't Mr. Collis Mitrovic's descendants take over the management of the family business?" Su Cheng asked curiously.

"I only have two sons, and neither of them wants to leave the UK. Their business abilities are also average, so after thinking about it, I think it's better to narrow the scope of my businesses. Having businesses in the UK will ensure that my family will have no worries for generations." Kolis Mitrovic said with a wry smile.

"What equity does Mr. Kolis Mitrovic have in Hong Kong and how much equity does he own?" Su Cheng continued to ask.

Hearing Su Cheng's words, Collis Mitrovic was delighted, thinking there might be a chance. "Mr. Su, I own 2.89% of Jardine Matheson Group's shares. When I left Hong Kong, I cleared out most of the remaining shares, leaving only the Jardine Matheson Group shares that I value the most." Collis Mitrovic said with a smile.

3.89%? If the deal goes through, it will be a big deal indeed.

After all, Jardine Matheson’s current market value is approximately HK$20 billion, which is equivalent to a market value of more than HK$700 million or even HK$800 million.

Su Cheng is of course happy to acquire it. Currently, the major shares of the entire Jardine Matheson Group are in the hands of the British consortium.

If we take these 3.89% shares from Kolis Mitrovic, it will be equivalent to weakening the share controlled by the British consortium and at the same time increasing the share of Suzhou.

After all, although he is now mainly targeting the acquisition of shares in Hutchison Whampoa Real Estate, shares in Jardine Matheson Group are also very important.

In the future, after the mutual shareholding plan between Jardine Matheson Group and Hong Kong Land Development is completed, he plans to indirectly control the Jardine Matheson Group through Hong Kong Land Development. If he can increase more shares of the Jardine Matheson Group, his success rate in controlling the two major British banks in the future will be higher.

"Since Mr. Collis Mitrovic wants to sell his shares, why doesn't he contact your British financial group? I think someone among them should be interested?" Although Su Cheng was already very interested in the shares, he still asked curiously.

Aren’t they afraid that Jardine Matheson and Swire Properties will be secretly controlled by Chinese financial groups like Wharf Holdings and Hutchison Whampoa?

"Mr. Su, you don't know that I did not spread the news that I was planning to sell my shares. I even had a private chat with the current head of the Keswick family. However, they were not interested in my shares at all and even persuaded me to keep my shares.

3.89% of the shares is not a small amount, and it will take a very long time to sell it through the stock market. Moreover, the stock price is fluctuating suddenly, and the stock price can easily collapse if you are not careful.

So when I learned that Mr. Su had come to the UK, I decided to see if he was interested in my Jardine Matheson shares. If he was interested, I would be happy to sell the shares to you. "Mr. Kolis Mitrovic explained the reason.

Su Cheng nodded and sat on the sofa to think.

Although the Keswick family is the actual controller of the Jardine Matheson Group, in fact, the shares of the Jardine Matheson Group they hold are only between 10% and 15%.

The reason why the Keswick family can become the decision-makers of the Jardine Matheson Group is that their family is not only the largest shareholder of the Jardine Matheson Group, but also has the support of other British financial groups.

Su Cheng has secretly investigated and found that all British and American financial groups hold about 40% of the shares of Jardine Matheson Group. As for the Chinese financial groups, before Su Cheng had ideas about the Jardine Matheson Group, no strong Chinese financial group owned shares of the Jardine Matheson Group. In other words, about 60% of the shares are in the hands of retail investors.

Retail investors will never be able to unite, and with their 40% of the shares, they can easily take control of the Jardine Matheson Group.

Affected by the uncertainties in Hong Kong's future, these British financial groups are actually in a very embarrassing situation.

They neither want to increase their shareholdings nor want to continue to control the Jardine Matheson Group and its affiliated land companies. They are also always on guard against Chinese financial groups.

Su Cheng quickly figured out the conflicts among these British financial groups. These people's minds were indeed complicated.

If Su Cheng takes over this 3.89% of the shares, then the price of the Jardine Matheson Group, which is controlled by the British financial group, will drop to more than points, which will reduce the difficulty for Su Cheng to control the Jardine Matheson Group in the future. (End of this chapter)