We're building a super chaebol in Hong Kong
#1030 - Received a warm welcome
Su Cheng readily accepted John Marden's sincere invitation and officially joined the Wharf Group's board of directors. This news, announced by the Wharf Group, quickly swept through the Hong Kong business community, becoming a hot topic on the streets.
As soon as the news broke, Wharf Group's stock price seemed to be injected with a strong impetus, soaring for several consecutive days. This not only attracted the attention of many investors, but also demonstrated the market's high recognition of Su Cheng's personal influence and strategic vision.
It wasn't until this wave of enthusiasm gradually subsided that the stock price stabilized at a high level.
At this time, Wharf Group's stock price had risen by as much as 30% compared to its original normal price.
Su Cheng's move undoubtedly reaffirmed his extraordinary appeal in the business world.
For the public, Su Cheng's choice seemed to become a kind of invisible endorsement. The listed company he favored and joined was naturally endowed with extremely high growth potential and investment value.
Now, in Hong Kong, this hotbed of finance, the name of Su Cheng is no longer just a simple symbol to the stockholders, but has been transformed into a near-blind trust and following.
His every decision affects the nerves of the market, becoming an important indicator for promoting capital flow.
Of course, Su Cheng did not show excessive concern about the temporary rise in Wharf Group's stock.
His vision was more far-reaching. Although he harbored the ambition to acquire Wharf Group, his strategy was not to rush for quick results, nor did he consider taking it private.
In Su Cheng's view, not all of his companies need to be privatized. For example, Wharf Group can just maintain its status as a listed company; there is no need to privatize it.
Su Cheng, through the development history he learned from Xiao Ai, was very clear that the Hong Kong market was unpredictable, especially the Hong Kong real estate market's bubble problem, which was like the Sword of Damocles hanging over his head.
He predicted that in the next three to four years, as the bubble crisis gradually emerged, the market would experience a profound adjustment.
At that time, John Marden and other investors were likely to face pressure due to investment losses, which would lead them to sell their shares.
It was based on this prediction that Su Cheng appeared calm and unhurried.
Therefore, although Su Cheng was famous in the business world, he did not have many opportunities for in-depth exchanges with John Marden, the giant who controlled the huge British-funded enterprise.
Their encounters were mostly limited to brief interactions in some public occasions, such as at Governor Murray MacLehose's banquets, or at large-scale business cooperation events held in Hong Kong, or at charity auctions. The two might just nod politely and exchange a shallow smile, and that was all.
Wharf Group, although also a leader among Hong Kong's top British-funded enterprises, compared to industry legends such as Y. K. Pao and Michael Sandberg, John Marden's leadership style and influence did have its own unique features, but also revealed certain gaps. This gap prompted him to constantly seek new growth points and cooperation opportunities.
At this moment, in a solemn and elegant conference room of Wharf Group, more than twenty members of the group's board of directors were gathered.
As a top listed company with many shareholders, the members who can be on the board of directors are all leaders in the industry, and these twenty or so are the best of them.
John Marden, the leader of the group, was sitting at the head of the conference table with a gentle and sincere smile on his face.
His words were full of expectations for the future and respect for the people in front of him: "Today, I am deeply honored to announce that our Wharf Group's board of directors will welcome a new member—Mr. Su Cheng. His joining will undoubtedly inject new vitality and wisdom into our team. Please give him the warmest applause!"
As John Marden's words fell, thunderous applause immediately rang out in the conference room.
Every member of the board of directors expressed sincere welcome and anticipation to this newly joined partner with a sense of ritual.
In this applause, there was not only recognition of Su Cheng's personal achievements, but also a common vision for a more brilliant future for Wharf Group.
Su Cheng, this industry giant, became the second largest shareholder of Wharf Group in one fell swoop. This news shocked both inside and outside the group. This was indeed a major change that no one had expected.
Compared to the complex thoughts that John Marden might have due to this change, the reactions of other shareholders were more direct and optimistic.
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In their eyes, Su Cheng's joining undoubtedly brought more opportunities and possibilities to Wharf Group. It only brought benefits and no disadvantages.
After all, the actual control of the group was still firmly in the hands of John Marden, the core management, and had little to do with them. As shareholders, they mostly enjoyed the benefits brought by this.
Although they are also members of the board of directors and have a certain voting right, the real decision-maker is still John Marden, the chairman of the board.
Therefore, for ordinary members of the board of directors, whether Su Cheng will seize power has little to do with them.
The fact was just as they expected. Since Su Cheng became a shareholder, Wharf Group's stock has continued to rise, showing strong market performance.
This wave of rise not only boosted the overall value of the group, but also benefited every shareholder.
Their personal wealth increased with the rise in Wharf's stock price, and their net worth doubled.
Therefore, these shareholders showed great enthusiasm and welcome for Su Cheng's arrival.
They understood that the joining of Su Cheng, this big shot, was not only a major improvement in the strength of Wharf Group, but also brought a wealth feast to themselves.
In this context, Su Cheng undoubtedly became their "lucky star."
(End of this chapter)
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