Rebirth of the Strongest Tycoon

The next few days were all about Cathay Pacific's change of ownership and related news.

After Jiuding Industrial Group won Cathay Pacific Airways, Weili successfully took over Heungkong Aircraft Engineering Company and Heungkong Airport Ground Service Company.

Needless to say, the ground handling service company of Xiangjiang Airport, originally Xia Yu held a total of 66.5% of the equity, and the remaining 33.5% of the equity, of which 4% It is in the hands of Cathay Pacific Airways, and only 28.5% of it really belongs to Swire Airlines.

As soon as Cathay Pacific changed hands, Wery directly transferred the 4% stake in Heung Kong Ground Service Company held by Cathay Pacific to Jiuding Industrial Group.

As a result, Swire Airlines completely lost control of the Hong Kong Ground Service Company, allowing Wery to knead.

As for Xiangjiang Aircraft Engineering Company, although it is a listed company, it is relatively difficult to collect stocks, but who made Xia Yu do his early work well?

Originally, companies such as Jiuding Industrial Group held 44.12% of the shares, plus Cathay Pacific Airways' 23.42%, which also passed the two-thirds line.

In fact, the Shi Yahuai family has lost control of the troika owned by Swire Airlines.

On the second day of taking control of Cathay Pacific, Wery communicated with Wang Qi and disclosed the equity to the exchange together.

After seeing that the Jiuding Consortium actually accumulated more than two-thirds of the shares of Heung Kong Aircraft Engineering Company, combined with Wery's remarks that he would not privatize and that the company's stock price was seriously inflated, the share price of Heung Kong Aircraft Engineering Company fell even faster. Swire Financial's losses further increased, making the Shi Yahuai family heartbroken.

Just when the eyes of the outside world were attracted by these news.

Xia Yu quietly came to Jiuding Insurance Co., Ltd.

For his own insurance company, Xia Yu came very few times, far less than the number of times he went to Jiuding Bank and Jiuding Securities Company.

But this does not mean that he does not pay attention to Jiuding Insurance Co., Ltd.

Just because Jason Gregg reassured him that he didn't need to mention more, this later "Wolf of the Netherlands" was able to make the company's business flourish.

Seeing Xia Yu's arrival, Jason Gregg quickly greeted him and said hello respectfully, "Chairman, welcome!"

Xia Yu nodded with a smile, walked in with Jason Gregg and asked, "Jason, what's new in the company's business development now?"

Jason Gregg pondered for a moment and smoothed his mind, and explained the current situation of the company: "Because of the intensity of competition and market capacity, although the entire group is supported, the resources within the group have been fully digested. The pace of business development outside the group has slowed.”

"So the company's development focus was officially adjusted and the implementation of the globalization strategy was accelerated. On the sixth of last month, it was discussed and decided to expand the company's market throughout Asia by acquiring local insurance companies in various countries."

"Right now, we are still doing the preliminary screening work. Thanks to the help of data from Jiuding Newspaper Company, the screening work is going very smoothly. It is expected that the acquisition plan will be officially launched next month."

Xia Yu nodded with satisfaction and commented: "Your direction is right, but it should be noted that mergers and acquisitions are not the key, the focus should be on the digestion of resources after mergers and acquisitions."

Jason Gregg replied immediately: "Understood, in terms of the prerequisites for acquisitions, I put the availability of resources as the first item."

Xia Yu gave him an admiring look and continued to walk forward.

According to the normal historical process, the global insurance industry develops to the late 1980s, and there will be a globalized insurance merger and acquisition boom.

At that time, through a series of mergers and acquisitions, there will be one after another world insurance giant, the strong Yu Qiang.

Limited by capital, insurance companies that cannot participate in the merger wave are either eaten up or left far behind, and their market share is taken away.

In the insurance industry, the larger the insurance company, the greater the advantage.

It's really hard for small insurance companies to compete.

Although Jiuding Insurance Co., Ltd. has now consolidated its leading position in Xiangjiang on the basis of the original foundation and with the resources of the entire Jiuding Consortium, Xia Yu knew very well that Xiangjiang is only a small place with a population of several million people, even in It's not very conspicuous in the world.

Therefore, before there is a wave of global mergers and acquisitions in the insurance industry, Jiuding Insurance Co., Ltd. can take the first step, continue to expand its business through mergers and acquisitions, and consolidate its foundation in Asia, then relying on the basic business of Asia, it can have the confidence to compete with Europe and the United States. Insurance giants compete.

Because of this, Xia Yu wholeheartedly supports Jason Gregg's current plan.

After a while, Xia Yu came to the office.

Just after sitting down, Xia Yu wanted to know the current status of the company's business in Hong Kong. He asked Jason Gregg: "Jason, have the development data for the second quarter been compiled?"

Jason Gregg, who was about to make tea, immediately stopped what he was doing and replied: "Chairman, it has already been done. The data for the second quarter is included in the development data for the first half of the year, and it happens to be in the drawer of my desk. Yes, I'll get it for you."

Having said that, Jason Gregg immediately walked to the desk, opened the drawer, pulled out the company development report handed in by his subordinates a few days ago, and walked over to Xia Yu and handed it to him.

"Chairman, look first, I'll go make tea."

Xia Yu hummed softly and opened the company's half-year development report.

In the first half of 1981, the company achieved a premium income of HK$673 million, a year-on-year increase of 14.5%. The first-year regular premiums amounted to HK$127 million, a year-on-year increase of 14.2%, of which the first-year regular premiums for ten years and above reached RMB 42 million, a year-on-year increase of 14.2% ten point one. Renewal premiums amounted to HK$433 million, a year-on-year increase of 12.7%. Short-term insurance premiums reached HK$71 million, a year-on-year increase of 23.9%...

Hong Kong’s local premium income was HK$433 million, accounting for 16.6% of Hong Kong’s premium income share in the first half of the year… Premium income outside Hong Kong was HK$240 million…

In the first half of the year, the claim settlement amounted to HK$313.56 million...

As at the end of the reporting period, the Company's total assets amounted to HK$3,154.63 million, and investment assets amounted to HK$2,996.89 million.

In the first half of the year, the total investment income was 342 million Hong Kong dollars, the total investment yield was 11.4%, an increase of 1.3% year-on-year; the net investment income was 286 million Hong Kong dollars… …

Total investment income = net investment income + investment asset bid-ask spread income + fair value change profit and loss - investment asset asset impairment loss...

...

After reading the report, Xia Yu had an in-depth understanding of the situation of Jiuding Insurance Co., Ltd.

In the first half of the year, after deducting all costs, the net profit reached an astonishing 645.44 million Hong Kong dollars!

And the company's total assets finally exceeded 3 billion Hong Kong dollars, far exceeding the period of Jardine Insurance Consultants Group.

This result, which seems outrageous, is actually in line with the actual situation of Jiuding Insurance Co., Ltd.

Many companies under the Jiuding Consortium involve too many employees, and these employees have a lot of insurance, and then there are influence radiation.

In terms of auto insurance, the market share of Jiuding Insurance Co., Ltd. has grown by leaps and bounds.

There are also construction insurance, marine insurance, fire insurance, personal accident insurance, commodity liability insurance, etc., relying on the resources of the entire Jiuding Consortium, Jiuding Insurance Co., Ltd. is a strong eater of the opponent's market share.

Under such circumstances, the premium income in the first half of the year was able to account for 16.6% of the entire Hong Kong insurance market!

Don't think it's a small number, considering the number of insurance companies in Hong Kong as many as 341, you can see the gold content of this ratio of Jiuding Insurance Co., Ltd.

In terms of capital investment, relying on nearly 3 billion investable assets, although the net profit of investment is not as good as the net profit of premium income, it is not far behind, and has far exceeded that of most banks, securities, funds and asset management companies. .

Overall, he was pleased with the development report, and Jason Gregg really lived up to his expectations.

Then it's also very suitable for him to handle this matter today!

"Jason, the company is developing rapidly, you did a good job!"

After commenting on a sentence, Xia Yu talked about the purpose of coming today: "The company's investable capital is not small, and its business level in investment is also very high. There is something for you to do."

Jason Gregg nodded happily and said, "Chairman, please order!"

Xia Yu said: "It's about the communications market."

"One of the two companies in the communication market of Hong Kong, Hong Kong Telephone Company, has been controlled, and the cumulative shareholding rate is 53.2%, but the remaining shares are in the public market, and the rest are in In the hands of the Hong Kong government and Swire Financial, so you don't have to pay attention."

"The focus is on the Dadong Telegraph Company, and you are responsible for acquiring public shares other than the controlling shareholder and the Hong Kong government."

Jason Gregg narrowed his eyes and asked, "Chairman, to what extent do you want to acquire it? Are there any requirements for the operation?"

Xia Yu ordered: "Suppress prices as much as possible. There is no upper limit on stock acquisitions. The lower the cost, the better. The specific strength is up to you."

Jason Gregg nodded in understanding.

After just thinking for a moment in silence, he frowned and raised his personal concerns: "Chairman, I remember that Great East Telecom, the parent company of Great East Telegraph Company, holds more than 40% of its shares, and The Hong Kong government also owns 20 percent of the stock, and if we want to acquire and seize control, it will be very difficult to succeed.”

PS: In the past two days, due to work reasons, there is not enough time to update. It is really helpless. Once again, I am very hesitant to face the next plot, and I have spent all the fragmented time thinking. Finally, the plot is straightened out, and it can be ensured logically. Round down.

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