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Published at 25th of December 2023 05:14:41 AM


Chapter 399: [Solid and honest Wu Guangyao]

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Chapter 399 【Solid and Honest Wu Guangyao】

It is the Spring Festival of the year again!

The Yangtze River Center puts a Chinese-style exterior for the citizens of Hong Kong Island, followed by visible Chinese elements;

In the words of foreigners, the center of the Yangtze River at this time is the red ocean, with red lanterns, red billboards, blessing characters, and red banners.

Every Spring Festival, the Yangtze River Center is undoubtedly the place with the strongest Chinese culture, so many people from Hong Kong Island have visited;

And this year, in the Changjiang Center shopping mall, a new year's street was also set up, which attracted many people from Hong Kong Island to come from afar.

Wu Guangyao also let go of work a year ago and devoted himself to accompanying his family, especially the children;

The eldest son, Wu Xianshuo, studied in the United States, and again this year was absent to spend the Spring Festival with his family.

Years ago, Wu Guangyao took a family of young and old to shuttle through the crowded Yangtze River center. The children love to lively and are very happy.

In the next few days, we will visit relatives and friends again, which is very lively.

After the Spring Festival, Hong Kong Islanders who were immersed in the atmosphere of the New Year, cherished hope for life, and devoted themselves to the new year's work.

At the beginning of the new year, the stock market suddenly rumored that Jardine Matheson would hostile bid for Wheelock and China Gas, which made Madden, the chairman of the board of directors of China Gas, nervous.

So, Madden recruited another major shareholder of Wheelock and the Locke family to plot countermeasures to ensure Wheelock's control of China Gas.

China Gas Co., Ltd. is the oldest gas company in Asia. In 1862, in order to solve the gas supply problem in Victoria City (now the Central and Western District of Hong Kong), the then Governor Robin Cheng granted the franchise of Hong Kong Gas to Mr. Glen.

More than one hundred years ago, the electric light had not yet been invented, and most people used gas lamps for lighting.

In 1954, China Gas Company began to be favored by capital, and Wheelock & Company acquired Gas Company;

Wheelock & Company also listed the China Gas Company in 1960;

Currently, Wheelock is controlled by two major families, namely the Madden family of Wheelock and the Rock family of Canada.

The head of the Locke family, Thomas, said: "Could it be just a rumor?"

Thoms didn’t believe in such rumors. At this time, the society thought that gas was only affordable for wealthy families, so in principle, Jardine Matheson would not maliciously purchase China Gas, which is also a British company.

John Madden shook his head and said, "I'd rather trust it than trust it. No matter whether Jardine is interested in China Gas or not, we need to strengthen the control of China Gas. The current shares held by Wheelock are 25. %, obviously Jardine Matheson has a great opportunity!"

John Madden continued: "Can your family increase shares?"

Tom Shi immediately said: “I’m afraid not. Our family has invested a lot recently, so there is no money to increase the shares of China Gas. Don’t your Madden family have sufficient funds?”

Thoms, if you have money, you can’t make it. Let our little family make money to increase shares.

John Madden smiled bitterly: "The Madden family has invested heavily in these years, and the funds are also very tight."

The two are a bit helpless, after all, the strength of Jardine Matheson is far beyond Wheelock;

While Wheelock has been investing heavily since the mid-1950s, putting eggs in hundreds of baskets.

Madden racked his brains to think about countermeasures, and finally patted his thigh for a long time, which shocked Tom.

"Let’s find a low-key securities firm with large clients in hand to discuss it, and see how we can join in the power of foreign investors and turn the risk into a breeze."

Tom's eyes are bright, this method is a good one!

Tom asked: "Which securities firm to look for?"

Madeng said: "How about Everbright Securities? Behind Everbright Securities is Wu Guangyao, the richest Chinese man on Hong Kong Island. He and I have a good private relationship."

Tom frowned and said distrustfully: "Wu Guangyao is wealthy and wealthy, what should we do if we lure wolves into the house? What's more, he maliciously acquired the China Pakistan company some time ago. He is not a kind person."

Ma Deng immediately shook his head and defended Wu Guangyao: "Wu Guangyao was not a hostile takeover of CMB. It is said that the second generation ancestor of CMB's Yan family molested Wu Guangyao's concubine, which led to this acquisition. As far as I know, Wu Guangyao attaches great importance to his reputation. If we take the initiative to introduce him into shares, he will not make a hostile takeover."

Seeing that Madden believed so, Thomas nodded his head, at least it pulled one person and Yihe balanced his strength.

Ma Deng first found Liu Yu, the person in charge of Everbright Securities, and explained his intentions!

When Liu Yu heard this, pretending to think for a while, he recommended his boss Wu Guangyao, thinking that there is no better person on Hong Kong Island than his own boss, and gave two reasons:

First, his boss Wu Guangyao has sufficient funds to use freely.

Secondly, his boss is recognized as a solid and honest businessman who is not pushy, and it is the safest to cooperate with him.

Liu Yu also assured Madden that his boss, Wu Guangyao, would never take advantage of others to make a profit!

Madden heard Liu Yu's words and confirmed his own analysis. Wu Guangyao is already a Chinese leader and will definitely cherish his reputation.

So Madden agreed with Liu Yu's point of view.

Ritz Carlton Hotel, Western restaurant.

Wu Guangyao looked at Madden and Thomas who came to the door, and he already knew the ins and outs of the matter from Liu Yu.

For China Gas, Wu Guangyao has always had ideas. He originally planned to take over China Gas from them when there was a conflict between the two major families of Wheelock in the 1970s. When there was an internal crisis in the company.

After all, according to history, China Gas was dumped by Madden to Li Mingze and He Yanxi at that time, and China Gas was gradually acquired by Li Zhaoji as a major shareholder.

Although the future China Gas is only a piped gas supplier on Hong Kong Island, it also has a subsidiary in the Mainland, which is very famous, that is, Hong Kong and China Gas.

Wu Guangyao wants to take over China Gas, and also wants to see if he can enter the oil field through China Gas.

Wu Guangyao said politely: "I already know the intentions of the two of you. First of all, I am here to thank both of you for your trust!"

Madeng also said modestly: "We asked Mr. Wu for help, and we also thank you for your help."

Wu Guangyao didn’t talk nonsense, and said directly to Liu Yu next to him: “Manager Liu, how many shares do I have to buy so that others have no chance to take over China Gas.”

China Gas has no more than 7.8 million shares, and the value of each share is no more than 4.2 Hong Kong dollars. It belongs to a small company. Of course, this is only for Wu Guangyao.

Liu Yu said earnestly: “In this case, generally only 10% to 15% of the shares are required to ensure that the hostile takeover will retire.”

Wu Guangyao nodded and said to Madden: “Then I will buy 10% of the shares first. If someone maliciously buys later, I promise to help Wheelock repel. What do you think of them?”

Madden and Thomas immediately became happy when they heard it. Liu Yu said that when it was 15%, the two of them stunned, knowing that 15% is already close to the majority shareholder's share ratio.

Unexpectedly, Wu Guangyao said that he would only buy 10% of the shares, and promised to help the two people again under certain circumstances.

Madeng quickly said, "Thank you Mr. Wu too much!"

Wu Guangyao said with a smile: "I don’t know each other without fighting with the Madden family. Mr. Madden and I have been old friends for many years. They should be. Besides, Mr. Madden invited me because he thought it was mine. I am trustworthy and I am also very happy!"

In the whole process, Wu Guangyao did not mention any conditions, but only made some remarks optimistic about the future of China Gas.

This reassures the two big Wheelock families. Since Wu Guangyao did not mention joining the board of directors, it means that Wu Guangyao is only out of friends for help and investment.

After the two left, only Wu Guangyao and Liu Yu were left.

"Everbright Securities has been established for more than half a year. Are all preparations ready?" Wu Guangyao asked concerned.

Currently, in addition to becoming a member of the Buffett Investment Club, Everbright Securities also has a 20 million Hong Kong dollar fund on Hong Kong Island, which mainly invests in Hong Kong stocks.

"Well, we have perfected all departments, systems, and businesses." Liu Yu said earnestly.

Wu Guangyao said: "Well, recruit more talents, I can afford it! I like Qianlong Zaiyuan, so my requirement of Everbright Securities is: be ready at any time!"

The future of the financial industry is also Wu Guangyao's ATM, provided that he is fully prepared!

For example, preparations for offshore funds and financial teams require a process;

The most important thing is that my eldest son grows up and can come back to take over at any time.

Hong Kong stocks were able to buy bottoms in 1967, which is an opportunity!

As for the U.S. stock market, there was a big plunge in the second half of 1969, and a large chunk of cheap stock prices in the 1970s made Buffett very happy.

There are gold and oil.

(End of this chapter)




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