LATEST UPDATES

Published at 25th of December 2023 05:17:32 AM


Chapter 303: [The dust settles! 】

If audio player doesn't work, press Stop then Play button again








Chapter 303【The dust is settled! 】

Wu Guangyao not only spent HK$5.8 million to acquire 20% of the shares of Charlie, the second shareholder of Lane Crawford, but also made Charlie his temporary acquisition consultant.

Charlie thought that not only could he get a reward, but he could also slap Freddy fiercely. After all the anger he had received over the years, he was naturally happy to be competent.

After signing the share transfer agreement, Charlie began to offer advice: "Mr. Wu, the shares held by the Tony family and Freddy only accounted for 42% of Lane Crawford; since you have decided to give up Tony's miser's shares, then I I feel that we should directly publicly acquire the shares of those small shareholders!"

Wu Guangyao nodded and said: "I think so too! Then trouble Mr. Charlie to shout to the minority shareholders, saying that our Baiyou Group already owns 30% of Lane Crawford shares, and only needs to buy another 20% of the shares. You can control Lane Crawford! The price is based on 1% of the shares of 280,000 Hong Kong dollars!"

Charlie quickly understood Wu Guangyao’s intentions and used everyone’s desire to let go to create a sense of tension;

Everyone thought that after Lane Crawford was acquired by a Chinese, then the shares in their hands would naturally become a hot potato!

Soon, news spread all over Hong Kong Island that Wu Guangyao was going to buy Lane Crawford Department Store. For a while, everyone’s eyes were focused on this.

Although this is not the first time Wu Guangyao has acquired a British company, it is still a rare and rare thing on Hong Kong Island!

"Lian Crawford's change of hands is a foregone conclusion!" The crowd said affirmatively.

"That's not necessarily true. I heard that Lane Crawford's head has the support of major shareholders. Obviously he will not be willing to fail!"

At this time, Lane Crawford’s head Freddy was anxious, why suddenly a Baiyou Group wanted to buy Lane Crawford; the important thing is that Baiyou Group belongs to Wu Guangyao’s industry, and this matter is serious!

No, why does Wu Guangyao have 30% of the shares in his hands?

Unknowingly, he owns 30% of the shares. Obviously a major shareholder sold the shares in his hands; it’s impossible for Charlie because he has always intended to become Lane Crawford’s head;

Freddy quickly thought of the Tony family in London, because only the Tony family had so many shares and had no intention of competing for Lane Crawford's dominance.

"Traitor! Coward!" Freddy blurted out.

However, after calming down, Freddy quickly picked up the phone and dialed Tony's phone.

"If you didn't sell the shares, why did Wu Guangyao own 30% of the shares?" After hearing Tony's explanation, Freddy still said suspiciously.

"Is it Charlie?" Tony was also anxious at this time. If Wu Guangyao really bought Lane Crawford, then his shares would be worthless and would even be targeted by Wu Guangyao.

"Impossible, Charlie is still vying with me for the position of head, he will never sell his shares! Tony, are you sure you haven't sold the shares?" Freddy asked again.

"No! Freddy, I'm very disappointed in you, you don't trust me!" Tony hung up angrily.

The more Tony is like this, the more suspicious Freddy is!

At this time, Wu Guangyao also figured out the distribution of Lane Crawford’s equity. Tony's family 25%, Freddy 16%, and 20% owned by himself; the remaining small shareholders, a total of 12 people, own 39% of the shares.

In other words, the hope of success is very great!

"Mr. Wu, I have 5% of Lane Crawford shares in my hand, but I want 1.5 million Hong Kong dollars!"

It was a shareholder who came to the door first, and he had 5% of the shares in his hand, which made Wu Guangyao very happy!

"Deal! Mr. Cody, we can sign the contract soon!"

After taking the 5% of the shares, Wu Guangyao actually owns 25% of Lane Crawford's shares; however, he has publicized that he owns 35% of the shares.

"Damn it, that traitor, Cody, betrayed me so quickly!" Freddy's fragile heart was hit again!

As for why I know that it is Cody, it is because Lane Crawford has 5% of the shareholders, and only Cody is the only one.

Next, every time Wu Guangyao sold a share, he hyped up and made Freddy crazy!

And Tony, who is far away in London, also learned about the situation from friends on Hong Kong Island, and feels more anxious than Freddy!

Three days later, Wu Guangyao announced that he owns 45% of Lane Crawford (actually 40%);

At this time, Freddy also found a helper, that is, Jardine International.

Jardine Matheson loaned money to Freddy, letting Freddy buy the shares of the remaining shareholders.

Jihe International Co., Ltd. joined the acquisition battle. Naturally, the reason was that Wu Guangyao suppressed Jardine International Co., Ltd. several times, and Freddy came to ask for help again.

Fredy proposed to acquire 1% of the shares of 350,000 Hong Kong dollars;

The remaining minority shareholders are all people who sit on the ground and start the price. Naturally, it is not so easy to sell shares to Freddy!

At this time, the Tony family in London is even less important!

Wu Guangyao’s plan is to find the extra money spent by these small shareholders in the Tony family in the future!

What Freddy thought was that as long as he bought shares in the world, Wu Guangyao would definitely not be able to make up 50% of the shares, so at most, Lane Crawford would be a director.

As expected, Wu Guangyao believes that there are still 19% of the shares on the market!

Because of his actions too fast, Freddy never had the opportunity to acquire the shares of other minority shareholders.

In addition, the relationship between Freddy and Tony has not been repaired in the past few days, so Freddy has not yet reacted.

"400,000 Hong Kong dollars 1% of the shares, just wait for 24 hours! After 24 hours, if Baiyou Group holds less than 50% of the shares, it will withdraw from the acquisition!"

At this time, Wu Guangyao also hit the fire!

The price is directly raised, and then the time is shortened, and success or failure lies in this move!

"Mr. Jonas, I am willing to transfer 25% of my shares to Baiyou Group at a price of 10 million Hong Kong dollars!" Tony received the news from Hong Kong Island and immediately contacted the trio who was still in London.

"NONONO, Mr. Jonas, we only need 6% of the shares! So, I'm sorry! But we will be partners in the future!" Jonas said relaxedly.

This miser also has today!

"If Baiyou Group doesn't need the shares in my hands, it won't let the three of you stay in London!" Tony said.

Jonas said with a smile: "It was originally needed, but the winning ticket on Hong Kong Island is already in hand, so we don't need it now! As long as we acquire another 6% of the shares, we can hold a Lane Crawford shareholder meeting and become Lane Crawford. Master. Our boss called. If Jonas wants to sell his shares, he can only use 1% of the shares of HK$260,000. This is Lane Crawford’s own value!"

The pain in Tony's heart!

Because I asked too much at the beginning, I actually depreciated a million Hong Kong dollars at this time.

That’s it, Lane Crawford was really bought by a Chinese, and then his own shares are not at the mercy of others. I am afraid that the 6.7 million Hong Kong dollar will not be worth it by then!

"The deal! When will the contract be signed?"

Jonas pointed to the suitcase he had brought, and said, "I will sign the contract immediately, and I need to borrow the phone!"

It was only 5 hours after Wu Guangyao’s ultimatum, and good news came from London!

The Hong Kong Island side naturally ended the acquisition immediately, and announced that his shares had reached 65%, and Lane Crawford’s shareholders meeting and management meeting would be held a day later!

One day later, Wu Guangyao led the senior management and lawyers of Baiyou Group to the conference room of Lane Crawford.

"Mr. Freddy, look up for a long time!" Wu Guangyao greeted Freddy in the posture of a winner.

"Mr. Wu, he has a lot of money, why did he fancy a small Lane Crawford department store?" Freddy said strangely.

"It is precisely because Lane Crawford is still very small, so I decided to develop it into a department store giant!" Wu Guangyao said confidently.

The minority shareholders in the room cursed secretly, what a shame!

Wu Guangyao finished speaking, and sat in the head of the conference room without humility.

Next, Wu Guangyao unceremoniously removed Freddy and other shareholders from the management team and promoted them to the board of directors!

Baiyou Group sent Fu Hongru as chairman of Lane Crawford to clamp down on these people because Fu Hongru has a veto;

And arranged three managements dug from London Metro Group to settle in Lane Crawford, but the other managements will not move!

In order to stabilize Lane Crawford, Wu Guangyao also announced a 10% salary increase for all Lane Crawford employees. In this way, the situation at Lane Crawford will be completely controlled.

Wages on Hong Kong Island have also been rising, so this seems to have cost more money, but it’s just adapting to the situation!

The next thing, it is conceivable that Ubai Group will completely control Lane Crawford;

The remaining shareholders of Freddy will gradually be acquired.

Ubai Group has just been formed, and it has taken a step toward diversified development!

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS