Chapter 320: 【Global Group New Pattern One】
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Chapter 320【Global Group New Pattern 1】
In late February 1961, just after the Lunar New Year, the people of Hong Kong Island embarked on the new year's work with the joy of the New Year.
Changjiang Center Commercial Complex, an office on the top floor of a commercial building. Wu Guangyao is taking notes and sorting out his career.
"咚咚"
"Please come in!"
The front desk of Global Shipping came in, followed by Keswick Taipan from Jardine Matheson.
"Mr. Keswick, please sit down!"
Wu Guangyao's warm hospitality, even if the two are rivals in the mall, Wu Guangyao must maintain a minimum gentleman's demeanor;
Mall matters must be settled in the mall, but it is not just a fight that can make the opponent scared and painful.
"Mr. Keswick is looking for me, but what project is he going to work on together?" Wu Guangyao said with a smile.
Except for the cooperation with Island Airlines, the two have no cooperation. Wu Guangyao guessed that if it is a matter of Island Airlines, it can be said in the office of Island Airlines.
"Mr. Wu is interested in the Hong Kong Island Airlines shares in our Jardine Matheson?" Keswick ignored Wu Guangyao's self-satisfaction, but went straight to the subject.
Wu Guangyao was overjoyed, but his face was calm, even pretending to show a trace of incomprehension!
"Mr. Keswick, Island Airlines has already been on the right track, and last year's profit was as high as more than 2.3 million US dollars; I wonder why Jardines would give up this high-quality asset?"
When Keswick heard what Wu Guangyao said, he thought in his heart, this is also a good asset?
Hong Kong Island Airlines has made a total of about 12 million U.S. dollars in profits since Wu Guangyao in 1953, which looks really good;
But the cost is even more expensive. The three-tier Jazz jetliner was 9 million US dollars, and the four Boeing 707s purchased before and after spent 20 million US dollars, plus the interest on the loan, investment in subsidiaries, and the company’s recruitment and purchase of horses, etc., spent a total of 34 million US dollars.
After calculating these years as a whole, it turned out to be 22 million U.S. dollars;
Because Wu Guangyao and Jardine Matheson invested US$10 million at the beginning, Hong Kong Island Airlines still owes HSBC US$12 million in loans.
The executives of Jardine Matheson agreed that the potential of Island Airlines has been exhausted because there are only a few fixed routes;
Furthermore, the routes of South Korea, Manila, and Taiwan Island can hardly make a lot of money; there is also only one route to Dongying, which is very profitable every year.
Even if it is 20 or 30 years, the profit of Island Airlines is only that scale, and there are even risks!
In this case, it is better to sell the shares of Island Airlines to the Chinese kid while selling at a high price now!
Isn’t that kid very optimistic about Island Airlines?
Then buy it at a high price, and Jardine Matheson is just making a fortune!
Keswick listened to the recommendations of the executives, and immediately felt feasible, mainly because he did not want to be angry under Wu Guangyao;
Every time Hong Kong Island Airlines convenes a shareholder meeting, it feels like one of his own, which makes people very uncomfortable!
Furthermore, the management of Hong Kong Island Airlines is now less and less of Jardine’s eyes, only Wu Guangyao is in their eyes;
Instead of this, it’s better to sell for a big price, wouldn’t it be better to invest in other industries!
"Island Airlines is indeed a high-quality asset, but we, Jardine Matheson, have other investment projects, so I want to ask if Mr. Wu intends to take over?"
Keswick has a hint of relief on his face, because he knows that the Chinese in front of him are very important to Hong Kong Island Airlines.
"what price?"
"40% of the shares, 16 million US dollars!"
Wu Guangyao listened and took a breath of air-conditioning. Jardine International is really a lion's mouth!
The fixed value of Island Airlines is only US$25 million, and the comprehensive value should be US$32 million to US$35 million.
40% of the shares, up to 14 million US dollars!
"Impossible, the price is too much premium! The price of 13 million US dollars should be enough to buy 40% of your shares." Although Wu Guangyao wanted it very much, he didn't want to be slaughtered too hard.
"Mr. Wu, I don’t want to talk secretly. You are very enthusiastic about the shares in Yihe! You want to buy our shares at a price of 13 million U.S. dollars. You have never bought Lane Crawford before. It’s courageous!” Although Keswick was taunting Wu Guangyao, his tone was relaxed, and he obviously didn’t want to mess up the atmosphere.
"Actually, I really like working with Jardine Matheson! You see, under the leadership of our two companies, Island Airlines has reversed the previous loss situation in one fell swoop. This shows that we are really a match made in heaven." Wu Guangyao pretended to change the original intention. , Said deliberately.
Since I knew that Jardine Matheson had no vision, I had a chance to get the remaining shares before the aviation industry broke out in the 1980s.
In the 1960s and 1970s, Island Airlines did not have much potential to tap; even if it did, Jardine Matheson would not understand it!
Hearing Wu Guangyao say this, Keswick is a bit like eating a fly, slandering in his heart, who wants to cooperate with you, don’t be passionate!
Wu Guangyao and Jardine Matheson are definitely very competitive. Jardine Matheson has the right hand-Land and Wharf; and Wu Guangyao's industries happen to have the most direct competition with these two companies.
Land’s competitor is Cheung Kong Holdings, and both companies are real estate companies. Especially when the Central District Land King was auctioned in 1959, the two companies were even more at odds;
Wharf’s competitor is Global Terminals. Global Terminals Service Company took the lead in opening the era of containers. The influence on Wharf Terminals will gradually increase, and eventually it will even be eliminated.
Because of this, Jardine Matheson definitely hates Wu Guangyao the most!
"Mr. Wu, I know what your mentality about our shares is; therefore, we can sell it to you for $15.5 million!"
Next, the two asked for advice and bargained, but they still did not agree, but both retained the possibility to continue the discussion!
Wu Guangyao invited Sandus, came to his office, and informed Sandus about Island Airlines.
"Mr. Wu wants to make an acquisition in the name of Global Shipping?" Sundas reacted quickly and told him what he meant.
If Wu Guangyao really wanted to acquire Island Airlines privately, he would never tell himself that more than ten million dollars is nothing to him.
"Yes, since the establishment of the Universal Group, it has been a bit of a dead end, but it is actually just a means of a holding company of mine. So I want to transfer all the shares of HSBC and President He to the Universal Group. And the Universal Group has also become a parent company. , There are three first-level subsidiaries, namely Global Shipping, Global Terminals, and Island Airlines. These three subsidiaries have a high degree of autonomy. They also have their own subsidiaries and enter various fields of the industry." Wu Guangyao has already thought Okay, I'm going to subdivide the Global Group and form the Global Group into a real giant sea, land and air overlord.
Sundus listened, think carefully!
In this way, the funds for the acquisition are mainly from Global Shipping, and HSBC needs to lend to Global Shipping;
Under the management of Wu Guangyao, Hong Kong Island Airlines has made a profit of more than 2.3 million US dollars last year, which is a relatively good high-quality asset.
It’s just that this high-quality asset needs a long period of training, and there is no hope of making money in the short term;
But this is nothing to HSBC. HSBC has money and can use depositors' money to invest.
(PS: The bank itself does not have much assets, and it relies on depositors' money to invest in profit, but some banks will consider certain risks, and some banks will be more risky. Please refer to the future Hong Kong Island Bank run for details)
Sundus readily agrees, and regardless of the development prospects of Hong Kong Island Airlines, it is the current profitability and it is worth investing in.
Since this is the case, Wu Guangyao’s acquisition of Island Airlines this time not only does not cost a penny, but also makes about 20 million US dollars;
There is also a reason why Wu Guangyao does not allow Island Airlines to become his own private asset;
Hong Kong Island is still occupied by the British after all, and airlines need the support of the Hong Kong government very much;
Without the support of the Hong Kong government, no matter how good the business is, it may not be profitable;
For example, in the later generations of Dragonair, the Hong Kong government stipulated that there can only be one airline in a place, which imposed many restrictions on Dragonair. It cannot sell tickets publicly, advertise, or set up offices.
Of course, Wu Guangyao’s Island Airlines is different, because there is an aircraft license, and this license is issued by your British; in addition, the north-south route has already been divided, and the Hong Kong government is not good to go back directly.
It is not ruled out that the Hong Kong government will hinder Wu Guangyao in the future, so Wu Guangyao thought of using Global Shipping to acquire Hong Kong Island Airlines.
In this way, HSBC holds 22% of the shares of Island Airlines, and there is no reason for the Hong Kong government to engage in trouble!
And his own shares in Island Airlines will also reach 76%.
Three days later, HSBC led the negotiation with Jardine Matheson, and Jardine Matheson finally let go.
The two parties agreed: Global Shipping will pay a total of 36 million U.S. dollars for the wholly-owned acquisition of Island Airlines;
Jihe Foreign Bank can be allocated 14.4 million US dollars, and Wu Guangyao can be allocated 21.6 million US dollars.
Under the witness of the lawyers, Wu Guangyao and Keswick signed their own names and stamped the company's official seal!
At the moment when the chapter was finished, Keswick felt a sudden loss, but he himself didn’t know where this loss came from?
Keswick thought in his heart, is it possible that Island Airlines is really devalued?
No, Hong Kong Island Airlines is subject to too many restrictions, and there can be no major development. Jardine Matheson will never go wrong in this step!
(End of this chapter)
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Chapter 320【Global Group New Pattern 1】
In late February 1961, just after the Lunar New Year, the people of Hong Kong Island embarked on the new year's work with the joy of the New Year.
Changjiang Center Commercial Complex, an office on the top floor of a commercial building. Wu Guangyao is taking notes and sorting out his career.
"咚咚"
"Please come in!"
The front desk of Global Shipping came in, followed by Keswick Taipan from Jardine Matheson.
"Mr. Keswick, please sit down!"
Wu Guangyao's warm hospitality, even if the two are rivals in the mall, Wu Guangyao must maintain a minimum gentleman's demeanor;
Mall matters must be settled in the mall, but it is not just a fight that can make the opponent scared and painful.
"Mr. Keswick is looking for me, but what project is he going to work on together?" Wu Guangyao said with a smile.
Except for the cooperation with Island Airlines, the two have no cooperation. Wu Guangyao guessed that if it is a matter of Island Airlines, it can be said in the office of Island Airlines.
"Mr. Wu is interested in the Hong Kong Island Airlines shares in our Jardine Matheson?" Keswick ignored Wu Guangyao's self-satisfaction, but went straight to the subject.
Wu Guangyao was overjoyed, but his face was calm, even pretending to show a trace of incomprehension!
"Mr. Keswick, Island Airlines has already been on the right track, and last year's profit was as high as more than 2.3 million US dollars; I wonder why Jardines would give up this high-quality asset?"
When Keswick heard what Wu Guangyao said, he thought in his heart, this is also a good asset?
Hong Kong Island Airlines has made a total of about 12 million U.S. dollars in profits since Wu Guangyao in 1953, which looks really good;
But the cost is even more expensive. The three-tier Jazz jetliner was 9 million US dollars, and the four Boeing 707s purchased before and after spent 20 million US dollars, plus the interest on the loan, investment in subsidiaries, and the company’s recruitment and purchase of horses, etc., spent a total of 34 million US dollars.
After calculating these years as a whole, it turned out to be 22 million U.S. dollars;
Because Wu Guangyao and Jardine Matheson invested US$10 million at the beginning, Hong Kong Island Airlines still owes HSBC US$12 million in loans.
The executives of Jardine Matheson agreed that the potential of Island Airlines has been exhausted because there are only a few fixed routes;
Furthermore, the routes of South Korea, Manila, and Taiwan Island can hardly make a lot of money; there is also only one route to Dongying, which is very profitable every year.
Even if it is 20 or 30 years, the profit of Island Airlines is only that scale, and there are even risks!
In this case, it is better to sell the shares of Island Airlines to the Chinese kid while selling at a high price now!
Isn’t that kid very optimistic about Island Airlines?
Then buy it at a high price, and Jardine Matheson is just making a fortune!
Keswick listened to the recommendations of the executives, and immediately felt feasible, mainly because he did not want to be angry under Wu Guangyao;
Every time Hong Kong Island Airlines convenes a shareholder meeting, it feels like one of his own, which makes people very uncomfortable!
Furthermore, the management of Hong Kong Island Airlines is now less and less of Jardine’s eyes, only Wu Guangyao is in their eyes;
Instead of this, it’s better to sell for a big price, wouldn’t it be better to invest in other industries!
"Island Airlines is indeed a high-quality asset, but we, Jardine Matheson, have other investment projects, so I want to ask if Mr. Wu intends to take over?"
Keswick has a hint of relief on his face, because he knows that the Chinese in front of him are very important to Hong Kong Island Airlines.
"what price?"
"40% of the shares, 16 million US dollars!"
Wu Guangyao listened and took a breath of air-conditioning. Jardine International is really a lion's mouth!
The fixed value of Island Airlines is only US$25 million, and the comprehensive value should be US$32 million to US$35 million.
40% of the shares, up to 14 million US dollars!
"Impossible, the price is too much premium! The price of 13 million US dollars should be enough to buy 40% of your shares." Although Wu Guangyao wanted it very much, he didn't want to be slaughtered too hard.
"Mr. Wu, I don’t want to talk secretly. You are very enthusiastic about the shares in Yihe! You want to buy our shares at a price of 13 million U.S. dollars. You have never bought Lane Crawford before. It’s courageous!” Although Keswick was taunting Wu Guangyao, his tone was relaxed, and he obviously didn’t want to mess up the atmosphere.
"Actually, I really like working with Jardine Matheson! You see, under the leadership of our two companies, Island Airlines has reversed the previous loss situation in one fell swoop. This shows that we are really a match made in heaven." Wu Guangyao pretended to change the original intention. , Said deliberately.
Since I knew that Jardine Matheson had no vision, I had a chance to get the remaining shares before the aviation industry broke out in the 1980s.
In the 1960s and 1970s, Island Airlines did not have much potential to tap; even if it did, Jardine Matheson would not understand it!
Hearing Wu Guangyao say this, Keswick is a bit like eating a fly, slandering in his heart, who wants to cooperate with you, don’t be passionate!
Wu Guangyao and Jardine Matheson are definitely very competitive. Jardine Matheson has the right hand-Land and Wharf; and Wu Guangyao's industries happen to have the most direct competition with these two companies.
Land’s competitor is Cheung Kong Holdings, and both companies are real estate companies. Especially when the Central District Land King was auctioned in 1959, the two companies were even more at odds;
Wharf’s competitor is Global Terminals. Global Terminals Service Company took the lead in opening the era of containers. The influence on Wharf Terminals will gradually increase, and eventually it will even be eliminated.
Because of this, Jardine Matheson definitely hates Wu Guangyao the most!
"Mr. Wu, I know what your mentality about our shares is; therefore, we can sell it to you for $15.5 million!"
Next, the two asked for advice and bargained, but they still did not agree, but both retained the possibility to continue the discussion!
Wu Guangyao invited Sandus, came to his office, and informed Sandus about Island Airlines.
"Mr. Wu wants to make an acquisition in the name of Global Shipping?" Sundas reacted quickly and told him what he meant.
If Wu Guangyao really wanted to acquire Island Airlines privately, he would never tell himself that more than ten million dollars is nothing to him.
"Yes, since the establishment of the Universal Group, it has been a bit of a dead end, but it is actually just a means of a holding company of mine. So I want to transfer all the shares of HSBC and President He to the Universal Group. And the Universal Group has also become a parent company. , There are three first-level subsidiaries, namely Global Shipping, Global Terminals, and Island Airlines. These three subsidiaries have a high degree of autonomy. They also have their own subsidiaries and enter various fields of the industry." Wu Guangyao has already thought Okay, I'm going to subdivide the Global Group and form the Global Group into a real giant sea, land and air overlord.
Sundus listened, think carefully!
In this way, the funds for the acquisition are mainly from Global Shipping, and HSBC needs to lend to Global Shipping;
Under the management of Wu Guangyao, Hong Kong Island Airlines has made a profit of more than 2.3 million US dollars last year, which is a relatively good high-quality asset.
It’s just that this high-quality asset needs a long period of training, and there is no hope of making money in the short term;
But this is nothing to HSBC. HSBC has money and can use depositors' money to invest.
(PS: The bank itself does not have much assets, and it relies on depositors' money to invest in profit, but some banks will consider certain risks, and some banks will be more risky. Please refer to the future Hong Kong Island Bank run for details)
Sundus readily agrees, and regardless of the development prospects of Hong Kong Island Airlines, it is the current profitability and it is worth investing in.
Since this is the case, Wu Guangyao’s acquisition of Island Airlines this time not only does not cost a penny, but also makes about 20 million US dollars;
There is also a reason why Wu Guangyao does not allow Island Airlines to become his own private asset;
Hong Kong Island is still occupied by the British after all, and airlines need the support of the Hong Kong government very much;
Without the support of the Hong Kong government, no matter how good the business is, it may not be profitable;
For example, in the later generations of Dragonair, the Hong Kong government stipulated that there can only be one airline in a place, which imposed many restrictions on Dragonair. It cannot sell tickets publicly, advertise, or set up offices.
Of course, Wu Guangyao’s Island Airlines is different, because there is an aircraft license, and this license is issued by your British; in addition, the north-south route has already been divided, and the Hong Kong government is not good to go back directly.
It is not ruled out that the Hong Kong government will hinder Wu Guangyao in the future, so Wu Guangyao thought of using Global Shipping to acquire Hong Kong Island Airlines.
In this way, HSBC holds 22% of the shares of Island Airlines, and there is no reason for the Hong Kong government to engage in trouble!
And his own shares in Island Airlines will also reach 76%.
Three days later, HSBC led the negotiation with Jardine Matheson, and Jardine Matheson finally let go.
The two parties agreed: Global Shipping will pay a total of 36 million U.S. dollars for the wholly-owned acquisition of Island Airlines;
Jihe Foreign Bank can be allocated 14.4 million US dollars, and Wu Guangyao can be allocated 21.6 million US dollars.
Under the witness of the lawyers, Wu Guangyao and Keswick signed their own names and stamped the company's official seal!
At the moment when the chapter was finished, Keswick felt a sudden loss, but he himself didn’t know where this loss came from?
Keswick thought in his heart, is it possible that Island Airlines is really devalued?
No, Hong Kong Island Airlines is subject to too many restrictions, and there can be no major development. Jardine Matheson will never go wrong in this step!
(End of this chapter)
Chapter 320Global Group New Pattern 1In late February 1961, just after the Lunar New Year, the people of Hong Kong Island embarked on the new year's work with the joy of the New Year.Changjiang Center Commercial Complex, an office on the top floor of a commercial building. Wu Guangyao is taking notes and sorting out his career."""Please come in!"The front desk of Global Shipping came in, followed by Keswick Taipan from Jardine Matheson."Mr. Keswick, please sit down!"Wu Guangyao's warm hospitality, even if the two are rivals in the mall, Wu Guangyao must maintain a minimum gentleman's demeanor;Mall matters must be settled in the mall, but it is not just a fight that can make the opponent scared and painful."Mr. Keswick is looking for me, but what project is he going to work on together?" Wu Guangyao said with a smile.Except for the cooperation with Island Airlines, the two have no cooperation. Wu Guangyao guessed that if it is a matter of Island Airlines, it can be said in the office of Island Airlines."Mr. Wu is interested in the Hong Kong Island Airlines shares in our Jardine Matheson?" Keswick ignored Wu Guangyao's self-satisfaction, but went straight to the subject.Wu Guangyao was overjoyed, but his face was calm, even pretending to show a trace of incomprehension!"Mr. Keswick, Island Airlines has already been on the right track, and last year's profit was as high as more than 2.3 million US dollars; I wonder why Jardines would give up this high-quality asset?"When Keswick heard what Wu Guangyao said, he thought in his heart, this is also a good asset?Hong Kong Island Airlines has made a total of about 12 million U.S. dollars in profits since Wu Guangyao in 1953, which looks really good;But the cost is even more expensive. The three-tier Jazz jetliner was 9 million US dollars, and the four Boeing 707s purchased before and after spent 20 million US dollars, plus the interest on the loan, investment in subsidiaries, and the company's recruitment and purchase of horses, etc., spent a total of 34 million US dollars.After calculating these years as a whole, it turned out to be 22 million U.S. dollars;Because Wu Guangyao and Jardine Matheson invested US$10 million at the beginning, Hong Kong Island Airlines still owes HSBC US$12 million in loans.The executives of Jardine Matheson agreed that the potential of Island Airlines has been exhausted because there are only a few fixed routes;Furthermore, the routes of South Korea, Manila, and Taiwan Island can hardly make a lot of money; there is also only one route to Dongying, which is very profitable every year.Even if it is 20 or 30 years, the profit of Island Airlines is only that scale, and there are even risks!In this case, it is better to sell the shares of Island Airlines to the Chinese kid while selling at a high price now!Isn't that kid very optimistic about Island Airlines?Then buy it at a high price, and Jardine Matheson is just making a fortune!Keswick listened to the recommendations of the executives, and immediately felt feasible, mainly because he did not want to be angry under Wu Guangyao;Every time Hong Kong Island Airlines convenes a shareholder meeting, it feels like one of his own, which makes people very uncomfortable!Furthermore, the management of Hong Kong Island Airlines is now less and less of Jardine's eyes, only Wu Guangyao is in their eyes;Instead of this, it's better to sell for a big price, wouldn't it be better to invest in other industries!"Island Airlines is indeed a high-quality asset, but we, Jardine Matheson, have other investment projects, so I want to ask if Mr. Wu intends to take over?"Keswick has a hint of relief on his face, because he knows that the Chinese in front of him are very important to Hong Kong Island Airlines."what price?""40% of the shares, 16 million US dollars!"Wu Guangyao listened and took a breath of air-conditioning. Jardine International is really a lion's mouth!The fixed value of Island Airlines is only US$25 million, and the comprehensive value should be US$32 million to US$35 million.40% of the shares, up to 14 million US dollars!"Impossible, the price is too much premium! The price of 13 million US dollars should be enough to buy 40% of your shares." Although Wu Guangyao wanted it very much, he didn't want to be slaughtered too hard."Mr. Wu, I don't want to talk secretly. You are very enthusiastic about the shares in Yihe! You want to buy our shares at a price of 13 million U.S. dollars. You have never bought Lane Crawford before. It's courageous! Although Keswick was taunting Wu Guangyao, his tone was relaxed, and he obviously didn't want to mess up the atmosphere."Actually, I really like working with Jardine Matheson! You see, under the leadership of our two companies, Island Airlines has reversed the previous loss situation in one fell swoop. This shows that we are really a match made in heaven." Wu Guangyao pretended to change the original intention. , Said deliberately.Since I knew that Jardine Matheson had no vision, I had a chance to get the remaining shares before the aviation industry broke out in the 1980s.In the 1960s and 1970s, Island Airlines did not have much potential to tap; even if it did, Jardine Matheson would not understand it!Hearing Wu Guangyao say this, Keswick is a bit like eating a fly, slandering in his heart, who wants to cooperate with you, don't be passionate!Wu Guangyao and Jardine Matheson are definitely very competitive. Jardine Matheson has the right hand-Land and Wharf; and Wu Guangyao's industries happen to have the most direct competition with these two companies.Land's competitor is Cheung Kong Holdings, and both companies are real estate companies. Especially when the Central District Land King was auctioned in 1959, the two companies were even more at odds;Wharf's competitor is Global Terminals. Global Terminals Service Company took the lead in opening the era of containers. The influence on Wharf Terminals will gradually increase, and eventually it will even be eliminated.Because of this, Jardine Matheson definitely hates Wu Guangyao the most!"Mr. Wu, I know what your mentality about our shares is; therefore, we can sell it to you for $15.5 million!"Next, the two asked for advice and bargained, but they still did not agree, but both retained the possibility to continue the discussion!Wu Guangyao invited Sandus, came to his office, and informed Sandus about Island Airlines."Mr. Wu wants to make an acquisition in the name of Global Shipping?" Sundas reacted quickly and told him what he meant.If Wu Guangyao really wanted to acquire Island Airlines privately, he would never tell himself that more than ten million dollars is nothing to him."Yes, since the establishment of the Universal Group, it has been a bit of a dead end, but it is actually just a means of a holding company of mine. So I want to transfer all the shares of HSBC and President He to the Universal Group. And the Universal Group has also become a parent company. , There are three first-level subsidiaries, namely Global Shipping, Global Terminals, and Island Airlines. These three subsidiaries have a high degree of autonomy. They also have their own subsidiaries and enter various fields of the industry." Wu Guangyao has already thought Okay, I'm going to subdivide the Global Group and form the Global Group into a real giant sea, land and air overlord.Sundus listened, think carefully!In this way, the funds for the acquisition are mainly from Global Shipping, and HSBC needs to lend to Global Shipping;Under the management of Wu Guangyao, Hong Kong Island Airlines has made a profit of more than 2.3 million US dollars last year, which is a relatively good high-quality asset.It's just that this high-quality asset needs a long period of training, and there is no hope of making money in the short term;But this is nothing to HSBC. HSBC has money and can use depositors' money to invest.PS: The bank itself does not have much assets, and it relies on depositors' money to invest in profit, but some banks will consider certain risks, and some banks will be more risky. Please refer to the future Hong Kong Island Bank run for detailsSundus readily agrees, and regardless of the development prospects of Hong Kong Island Airlines, it is the current profitability and it is worth investing in.Since this is the case, Wu Guangyao's acquisition of Island Airlines this time not only does not cost a penny, but also makes about 20 million US dollars;There is also a reason why Wu Guangyao does not allow Island Airlines to become his own private asset;Hong Kong Island is still occupied by the British after all, and airlines need the support of the Hong Kong government very much;Without the support of the Hong Kong government, no matter how good the business is, it may not be profitable;For example, in the later generations of Dragonair, the Hong Kong government stipulated that there can only be one airline in a place, which imposed many restrictions on Dragonair. It cannot sell tickets publicly, advertise, or set up offices.Of course, Wu Guangyao's Island Airlines is different, because there is an aircraft license, and this license is issued by your British; in addition, the north-south route has already been divided, and the Hong Kong government is not good to go back directly.It is not ruled out that the Hong Kong government will hinder Wu Guangyao in the future, so Wu Guangyao thought of using Global Shipping to acquire Hong Kong Island Airlines.In this way, HSBC holds 22% of the shares of Island Airlines, and there is no reason for the Hong Kong government to engage in trouble!And his own shares in Island Airlines will also reach 76%.Three days later, HSBC led the negotiation with Jardine Matheson, and Jardine Matheson finally let go.The two parties agreed: Global Shipping will pay a total of 36 million U.S. dollars for the wholly-owned acquisition of Island Airlines;Jihe Foreign Bank can be allocated 14.4 million US dollars, and Wu Guangyao can be allocated 21.6 million US dollars.Under the witness of the lawyers, Wu Guangyao and Keswick signed their own names and stamped the company's official seal!At the moment when the chapter was finished, Keswick felt a sudden loss, but he himself didn't know where this loss came from?Keswick thought in his heart, is it possible that Island Airlines is really devalued?No, Hong Kong Island Airlines is subject to too many restrictions, and there can be no major development. Jardine Matheson will never go wrong in this step!End of this chapter
