Rebirth Strongest Tycoon

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“Board-Chairman, Cathay Pacific’s situation is indeed very complicated, so the collection of information is relatively slow, making you wait a long time.”

After passing the information to Xia Yu, Canning Fok explained somewhat embarrassed.

After all, Jiuding Securities Ltd. and Jiuding Newspapers Co., two companies that are good at collecting business information, possess a lot of information. In this case, it took him 2 days, and he felt somewhat embarrassed.

Xia Yu laughed carelessly, let him sit down and look through it.

At this point, it is nearly 20 minutes.

Cathay Pacific’s situation is indeed complicated.

It should be said that Xia Yu is worthy of being one of the core companies of Swire Group. It not only involves a wide range of businesses, but also has strict control over the company.

According to the information, although Cathay Pacific is a core member of Swire Group, it is actually a Level 3 subsidiary, or even a Level 4 subsidiary.

However, considering that Hong Kong and even Asia’s business are handled by the Hong Kong Swire Group and separated from the United Kingdom Swire Group in London, UK, Xia Yu regards the Hong Kong Swire Group as the core entity of the Hong Kong Swire Group .

Hong Kong Swire Group is not listed, and is 60% controlled by United Kingdom Swire Group. 2 Without even thinking about it, PASS directly, no chance.

Under the Hong Kong Swire Group, there are many first-tier subsidiaries, such as Swire shares Co., Ltd., Swire Ships, Swire Industries, Swire Finance, which have the largest assets and are listed.

Swire shares Co., Ltd., which had been listed in May 1973 when it was related to Cathay Pacific.

In terms of the equity shares structure, Hong Kong Swire Group holds 30% 4 of the equity shares of Swire shares Co., Ltd., then Swire Family shares 10% through a wholly-owned family trust, 7 and Singapore Qiu Family holds 100 points 7 of 8 , Hong Kong Song Family shares 100/6, Hongkong and Shanghai Bank shares 7/100, Jiuding Securities shares 6% point 4, Standard Chartered Bank shares 9% point 4, 5 Ding Insurance shares 9% point 3 …

Although the three companies of Jiuding Consortium secretly shared 3% 10:3, Xia Yu had no chance to win Swire shares.

Just because the Hong Kong Swire Group and the Swire Family Trust have a total of 2% shares, this equity share ratio directly makes everyone give up.

This was not the case in the previous few years, but who let Xia Yu hunt the British major consortium one after another, scared Swire Family to quickly increase the share rights, it became the current situation, Xia Yu can’t blame anyone, who I didn’t directly engage in the Swire Group, and I have missed this opportunity.

Under Swire shares Co., Ltd., there are three directly affiliated Level 3 subsidiaries, namely Swire Properties Limited, Swire Aviation Co., Ltd. and Swire Beverage Holdings Co., Ltd.

These three companies are not listed and are 3% controlled by Swire shares.

So Xia Yu can’t do anything at this level.

Can only continue to look down for opportunities.

Under Swire Airlines, there are 3 Level 3 subsidiaries, namely Hong Kong Airport Services Ltd, Cathay Pacific Company and Hong Kong Aircraft Engineering Co., Ltd.

Among these three companies, the core of them is undoubtedly Cathay Pacific!

Unfortunately, Cathay Pacific is not listed.

In the company’s equity shares structure, the parent company Swire Aviation shares 40% 2, Hongkong and Shanghai Bank shares 20%, Hong Kong Song Family shares 16%, Standard Chartered Bank shares 10% 3, and the brother company Hong Kong Airport Services Ltd shares 5 %, DescriptionHong Kong Aircraft Engineering Company shares 4%.

Although Cathay Pacific is not a listed company, its parent company Swire shares Co., Ltd. is a listed company, so it still has to publish financial reports on time every quarter and year.

Last year, Cathay Pacific achieved operating income of 2 1.1 billion 60 million HKD, carried 2 100 to 50,000 400000000 passengers annually, and net profit reached 70 million 1 million HKD.

In terms of company assets, the most important thing is the aircraft. The company has 21 aircraft, of which 747 are Boeing 6 series aircraft, including the best Boeing 747-2003. The company’s total assets are as high as 3.7 billion 40 million HKD, net The assets are 7 100000000 20 50 million HKD, the asset debt ratio is 4% 1, and the debt ratio is not high.

In terms of detailed assets, in addition to aircraft, the more important ones are holding shares and subsidiaries.

Cathay Pacific holds 20% of the equity shares of the brother company Description Hong Kong Aircraft Engineering Company at 4:8 and 4% of the equity shares of Hong Kong Airport Services Ltd.

Apart from this there are also 4 Level 4 (group level) subsidiaries, which are the largest laundry factory in Hong Kong, Yajie Laundry, which is wholly-owned, shares 50%, and is wholly-owned Cathay Pacific freight company, and an in-flight catering service company that shares 50%.

These four subsidiaries provide favorable guarantees for Cathay Pacific’s services.

It is a pity that these four subsidiaries are either wholly-owned by Cathay Pacific, or the share ratio is as high as 4%, and Xia Yu cannot start from here.

And to be honest, these four companies would not have developed so well if it were not because they were subsidiaries of Cathay Pacific. Therefore, even if Xia Yu acquires them, they will decline after losing Cathay Pacific’s business.

Therefore, Xia Yu can only look for opportunities at the level of Cathay Pacific and its brother company.

But the opportunity is almost non-existent.

Because of the cross ownership of the three companies Cathay Pacific, Hong Kong Airport Services Ltd and Description Hong Kong Aircraft Engineering Company.

Among the equity shares of Cathay Pacific, the parent company Swire Aviation is the first major shareholder share of 40% 2, Hong Kong Airport Services Ltd and Description Hong Kong Aircraft Engineering Company are ranked fifth and sixth respectively, holding 5% and 6% of equity shares respectively.

The 3 companies hold 50% of Cathay Pacific’s equity shares!

Even if Standard Chartered Bank itself shares 10% 3, if Xia Yu manages Hongkong and Shanghai Bank and Song Family, the share ratio will only be 40% 9, and Swire Group’s dominance of Cathay Pacific cannot be shaken!

The Description Hong Kong Aircraft Engineering Company has been listed in 1965. The first major shareholder is the parent company Swire Aviation, shares 20% 6:2; the second major shareholder is Cathay Pacific shares 20% 4:8.

2 total 50% one!

Although Jiuding Securities shares are now 10% 7:7 (previously owned by Jardine Matheson), Standard Chartered Bank shares 10% is 9:28, which adds up to only 6:100. It has acquired 8/4 held by Hongkong and Shanghai Bank. , And 10% of the public 2 is not enough.

Not to mention that the public’s equity shares absolutely cannot be acquired completely unless the company is privatized.

If the Description Hong Kong Aircraft Engineering Company cannot be acquired, the 4% equity shares of Cathay Pacific held by it will never be bought.

Then look at Hong Kong Airport Services Ltd.

This company was established in 1961 when Swire Group, Jardine Matheson and Hutchison Corporation were established together. Swire Group was 3% 40, Jardine Matheson was 5%, and Hutchison was 40%.

But two years ago, when Jardine Matheson was dismembered, 2% of the equity shares held by Jardine Matheson were bought by the Chinese-owned big shot. Yongxin Group’s tycoon Cao Guangbiao bought 40% 20, and Henry Fok bought 4%. .

The 15% belonging to Hutchison Enterprises entered Hutchison Whampoa after the merger of Hutchison International and Whampoa Dockyard, and Hutchison Whampoa was acquired by Xia Yu, so the 15% equity shares are now in the hands of Jiuding Industrial Group.

Of the 40% 5 equity shares that originally belonged to Swire Aviation, 4% were transferred to Cathay Pacific. At this time, the proportion of Swire aviation shares was 40%.

But no matter how the transfer is made, Swire Airlines and Cathay Pacific still hold a total of 40% 5 of the equity shares of Hong Kong Airport Services Ltd.

This is the only company whose Swire Group shares does not exceed 50%.

And because Hong Kong Airport Services Ltd is not listed, and the other two shareholders are Chinese big shots, namely Cao Guangbiao and Henry Fok, Xia Yu has great confidence to win their equity shares.

But even if they win their equity shares and add 15% of their own ownership, that’s only 50% 5, not 60% 7, and they can’t control the Board of Directors at all.

A veto of Swire Airlines can block all important proposals, such as the proposal to sell 5% of Cathay Pacific’s equity shares held by the company!

So this seems to be the most likely place to succeed, but it is actually a dead end!

It is Xia Yu who prides himself on being experienced and knowledgeable and resourceful. Facing such a situation that is closely linked with one another without a weak spot, a touch of sorrow also appears between her brows.

Difficult…

Is there really no chance?

Xia Yu thought with a headache.

PS: In order to design this situation, it took more than 4 hours to collect information and repeatedly delibrate. The problem lies here. What reasonable method should be used to get Cathay Pacific? It’s time to test the level. Welcome everyone to speak up and write a book. If everyone’s opinion is good, I will copy the book review directly and directly comment on the chapter of the book chapter in the starting point reading app.