We're building a super chaebol in Hong Kong
#71 - This is definitely a threat!
"How is this possible?" Brandt looked at the transfer agreement in front of him, utterly astonished.
Logically, someone like Su Cheng, who isn't very well-known, shouldn't have any dealings with Mr. Brown Ogden.
Even if they knew each other, Mr. Brown Ogden shouldn't be selling his shares to him, right?
However, the transfer agreement before them forced them to believe it was real.
"So, does everyone still think I can't take over Hutchison Whampoa?" Su Cheng said with a smile.
38.9% of the shares, while not absolute control, is enough to control Hutchison Whampoa.
Because if Su Cheng hadn't secretly acquired so many shares of Hutchison Whampoa over the years, most of them would still be in the hands of ordinary shareholders, and these ordinary shareholders normally wouldn't have a say, meaning they wouldn't have voting rights at all.
"I have to admit, Mr. Su has indeed surprised me greatly. To be able to purchase Hutchison Whampoa shares held by Mr. Brown Ogden and others, Mr. Su is indeed very capable," Brandt said, now beginning to take today's discussion seriously.
Before coming, they hadn't thought that Su Cheng would want to buy their shares; at most, they thought he wanted their support on the board of directors.
However, now, Su Cheng is not only trying to buy their shares but already has the power to control Hutchison Whampoa.
In other words, even if they objected, Su Cheng would have the power to kick the management team led by Wei Li out of Hutchison Whampoa.
With such a result, they felt that the future of Hutchison Whampoa would inevitably decline, and in that case, if they continued to hold Hutchison Whampoa's shares, they would go from being a hot commodity to a hot potato.
"Speaking of which, Mr. Brown Ogden is still a good friend of mine," Su Cheng said with a smile.
The five people looked at each other for a moment, and then Brandt spoke, "Mr. Su, indeed, I didn't expect you to have such courage to completely take control of Hutchison Whampoa. Now it seems that this has basically been achieved. Selling the shares to you is fine, but 6 Hong Kong dollars is impossible. Whether it's HSBC or Mr. Brown Ogden and others, the price they traded with you was 7.5 Hong Kong dollars per share. If we sell our shares to you below this price, wouldn't we be letting you take advantage of us?"
"What? Do you also want to sell to me at a price of 7.5 Hong Kong dollars per share?" Su Cheng said with a smile.
"Of course, Mr. Su, if you really want to buy our shares, be sincere. 7.5 Hong Kong dollars per share, and I'm willing to sell all of my Hutchison Whampoa shares to you," Claire said.
"Me too. If the price is lower than 7.5 Hong Kong dollars, then there's no possibility for us to continue talking today," Brandt said.
Clearly, they were worried about the future of Hutchison Whampoa and already had the idea of selling their shares.
However, they were unwilling to sell at a low price.
Since HSBC sold at a price of 7.5 Hong Kong dollars, and Mr. Brown Ogden and others also sold at a price of 7.5 Hong Kong dollars, they couldn't accept selling at only 6 Hong Kong dollars.
"7.5 Hong Kong dollars per share isn't impossible, but if all of you sell to me, I can still acquire at this price. If some of you are unwilling to sell, then I can only acquire at a price of 6 Hong Kong dollars.
Oh, a friendly reminder, I will be taking over Hutchison Whampoa in at most a week. At that time, Hutchison Whampoa will be under my control, and the company's decisions will be mine. As for how to develop, I haven't thought about it yet," Su Cheng said with a smile.
However, Su Cheng's smile made these seasoned veterans of the business world feel somewhat sinister.
This was definitely a threat, a blatant threat, but they couldn't do anything about it.
If Su Cheng took office, whether it was the board of directors or the shareholders' meeting, it would become a mere formality. At that time, Su Cheng would have the final say.
What future would Hutchison Whampoa have in that case?
It wasn't that they didn't believe in Su Cheng, but that Su Cheng was too young.
How many years could such a young man manage such a large company?
Taking the opportunity to withdraw now was also a good opportunity.
"Oh, I'll give you some time to discuss it. We'll go out first, and let you discuss it properly here. Whether you sell or not is up to you. Anyway, whether you sell or not, I will take over Hutchison Whampoa. As for whether to kick Wei Li out of office and manage Hutchison Whampoa myself, that depends on my mood."
Seeing them looking at each other, Su Cheng called Zhang Qizheng and exited the negotiation room, sitting in the outer office to wait.
"Director Zhang, do you think they will sell their shares?" Su Cheng asked Zhang Qizheng with a smile.
The remaining two shareholders looked at each other, and ultimately decided to follow the crowd and also raised their hands.
Everyone else was selling, and if they were the only two left, it was clear that they would ultimately be completely isolated, and the shares they held would be of no use.
Want to wait for dividends? What if Hutchison Whampoa Group suffers losses for years in a row?
"In that case, let's call them in," Brandt sighed.
Hutchison International once rose from a third-rate foreign firm to one of the four major foreign firms in Hong Kong under the leadership of Kedwick. That was their glory, and they had all come from the Kedwick era to the present. They had a lot of feelings for Hutchison Whampoa, but now they had to abandon it.
When disaster strikes, everyone flies away. No matter how much affection they had, they still had to consider their own interests.
"Mr. Su, 7.5 Hong Kong dollars per share, we are all willing to sell our Hutchison Whampoa shares to you," Brandt said to him, opening the door of the negotiation room less than five minutes after Su Cheng left.
"Good, congratulations to everyone for being able to obtain a huge sum of money again. I'll have the lawyer draw up the transfer agreement," Su Cheng said with satisfaction.
7.5 Hong Kong dollars was originally his bottom line. After all, trading at this price would put Hutchison Whampoa's total market value at only about 3 billion Hong Kong dollars.
In fact, Hutchison Whampoa's assets alone were worth 5.8 billion, so Su Cheng was still making a very good deal trading at this price.
"Okay, then we'll have a pleasant cooperation!" Brandt nodded and said.
Now that things had come to this, there was no need to delay. On the contrary, the faster the transaction, the more at ease they would be.
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