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#1031 - Li Chaoren wants to vomit blood

"Thank you, everyone. I am very honored to become a member of the Wheelock and Company's board of directors and to fight alongside all of you. As an industry leader, Wheelock Group has an outstanding leader like Mr. John Marden. I firmly believe that the Group will be able to ride the wind and waves and create new glories in the future!" Su Cheng stood up, smiling and speaking sincerely.

However, in his heart, he had a clear understanding of John Marden's current investment strategy—especially the continued heavy investment in the shipping industry, which caused a large amount of profit to flow to Wheelock Marine, which undoubtedly increased the Group's risk exposure.

But Su Cheng was not eager to express his disagreement; he had his own plans.

He was very clear that if he stood up to object at this moment, he might be able to guide the Group back to a more stable development track, but it also meant that it would be difficult to shake the existing power structure in the short term, let alone achieve the greater goal in his heart.

The 11.8% of Wheelock shares that Su Cheng held tightly in his hand, although not absolute control, was the key to his carefully laid out plan.

He thought to himself that only by allowing John Marden to continue leading the Group into a seemingly "wrong path," could he gradually expand his influence at a lower cost and with less resistance when the time was right, and ultimately achieve control over this British-owned conglomerate.

Therefore, Su Cheng chose silence and waiting. He understood that in this war without gunpowder, patience and strategy were far more important than momentary justice or impulsiveness.

He looked forward to the day when John Marden's decisions finally plunged the Group into trouble, and John Marden would once again have the idea of selling the Group's shares. At that time, he would take the opportunity to acquire John Marden's shares, not only saving the Group from the crisis but also firmly grasping the scepter of power in his own hands.

Moreover, the news of Su Cheng's successful entry into the board of directors of Wheelock Group was like a blockbuster in the business world, forcing many Chinese entrepreneurs who had originally been eyeing Wheelock Group and intending to get a share of the pie to re-examine their plans and choose to abandon their original ideas after weighing the pros and cons.

After all, in Xiangjiang, a business environment full of opportunities and challenges, Su Cheng's name has long been closely linked with strong financial resources, excellent business acumen, and an influence that cannot be underestimated.

Who would dare to compete with him head-on? That would be asking for trouble.

Su Cheng not only had enough financial strength to deal with any challenge but also had a set of effective business strategies and a network of contacts, which enabled him to always gain the upper hand in business wars.

Currently, Yue-Kong Pao is in a critical stage of recovery and reconstruction.

Although the Wharf acquisition battle allowed him to successfully win this important asset, it also cost him a heavy price—a heavy debt burden.

The victory in this battle was undoubtedly an affirmation of his business wisdom and determination, but it also made him deeply realize the importance of cash flow.

Therefore, in the next two to three years, Yue-Kong Pao's primary task will be to go all out to earn money in order to repay the huge debts accumulated due to the Wharf battle as soon as possible.

Because Yue-Kong Pao understands very well that only by first consolidating his own financial foundation can he more calmly lay out a broader business map in the future.

As for the plan to acquire other British-owned companies, for the current Yue-Kong Pao, it can only be put aside for the time being.

He needs time, he needs space, to recover his vitality and accumulate strength.

Only when he once again stands at the peak of business, holding abundant funds and powerful resources, will he reconsider those opportunities he once missed, as well as new acquisition targets that may appear in the future.

And Wheelock Group may enter his field of vision again at some point in the future.

Of course, the current situation is that Su Cheng is already firmly seated on the board of directors of Wheelock Group, which makes any future Yue-Kong Pao who may have intentions for Wheelock have to reconsider.

Yue-Kong Pao knew very well that he could not compete with Su Cheng in the contest of capital strength.

Although he successfully controlled Wharf and his strength greatly increased, Su Cheng's leap in strength during the same period far exceeded his expectations, almost ten times his growth rate.

Such a gap made Yue-Kong Pao have to weigh whether he had enough chips to compete when facing Su Cheng.

In addition to Yue-Kong Pao, Su Cheng also had a competitor, Li Ka-shing.

In the past two years, Li Ka-shing's business path can be described as full of ups and downs, encountering unprecedented frustration.

He first focused on Wharf, but unexpectedly Yue-Kong Pao took the lead; then he turned his attention to Hutchison Whampoa, but once again missed the victory, being taken into Su Cheng's pocket in advance.

Now, when he turned his attention to Wheelock Group, news came that Su Cheng had become a member of the Group's board of directors, which was undoubtedly a heavy blow to his continuous defeats.

Li Ka-shing's heart was filled with mixed feelings. He knew very well that his strength was still far behind Su Cheng's.

Since he was defeated in the competition for Hutchison Whampoa, he has silently shifted his focus to Wheelock Group, hoping to make up for his previous regrets by acquiring its shares.

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However, this road is not smooth either. To this day, the Wheelock shares in his hand are still less than 10%, and the progress is slow and difficult.

What made him even more unacceptable was that Su Cheng suddenly intervened at this time and reached a deal with Jardine Matheson, directly consolidating his position in Wheelock.

This news was like a bolt from the blue to him, making him feel both angry and helpless, and even had the urge to vomit blood.

He realized that in this business game, he always seemed to be one step behind, unable to compete with those stronger and more敏锐 opponents.

Faced with such a dilemma, Li Ka-shing had to re-examine his strategies and direction.

He deeply knew that to gain a foothold and succeed in the business world, he must constantly improve his strength and wisdom to cope with all kinds of sudden challenges and changes.

Only in this way can he have the opportunity to compete with those top business giants in the future.

So, now there are two roads in front of him.

One is to continue to acquire and compete with Su Cheng for Wheelock Group in the future, but the success rate is too low.

The other is to give up the acquisition of Wheelock Group and instead target other British-owned companies. (End of this chapter)

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