We're building a super chaebol in Hong Kong

Since Tianyu Automotive Group successfully found a capable person in charge, Zhang Qizheng's work pressure has significantly reduced, freeing up valuable time and energy for him to focus more on handling key internal and external affairs of Tianyuan Investment Company.

Therefore, when Su Cheng sent him an urgent summons, Zhang Qizheng was able to quickly adjust his state, unhesitatingly suspend his work at hand, and wholeheartedly devote himself to the work tasks assigned to him by Su Cheng.

Soon, Zhang Qizheng led his elite team to quickly arrive at the transaction site, where they successfully met with Su Cheng and Li Jiacheng's team who were already waiting there.

After in-depth and efficient negotiations, the two parties quickly reached a consensus on many key issues and successfully signed a share transfer agreement.

The signing of this contract marked the official start of a new step in cooperation between the two parties.

After the contract came into effect, Su Cheng demonstrated extremely high integrity and efficiency, immediately arranging for the payment of all the funds required for the share transfer, ensuring the smooth progress of the transaction.

Although Li Jiacheng's current strength is not what it used to be, Su Cheng did not take it lightly because of this, but instead maintained a high degree of vigilance and respect for him.

He was very clear that Li Jiacheng's keen insight in the business field and his past brilliant achievements made him not to be underestimated even in adversity.

What surprised Su Cheng even more was that Li Jiacheng had turned his attention to the Wharf Group, which undoubtedly intensified the market competition and made Su Cheng even more determined to act cautiously and proceed step by step.

Now, with Li Jiacheng transferring the shares in his hand to Su Cheng, this move clearly shows that he has completely abandoned his plan to acquire the Wharf Group.

This change allowed Su Cheng to relax his vigilance, and he no longer needed to worry too much about potential threats from Li Jiacheng.

After successfully acquiring these 9.7% of the shares, Su Cheng's shareholding ratio in the Wharf Group reached 21.5%, a number that is enough for him to jump to the position of the largest shareholder in most listed companies and have the ability to challenge the control of the group.

However, in the special case of the Wharf Group, the situation is different.

In its early years, under the management of John Madden, the Wharf Group adopted a listing strategy of parallel A shares and B shares in order to maintain its unique governance structure.

Among them, the market value of B shares is only one-tenth of that of A shares, but the two enjoy the same status in terms of voting rights.

All the shares that Su Cheng bought from Li Jiacheng and Jardine Matheson were A shares, which gave him an advantage in market value, but did not form an overwhelming force in terms of voting rights.

In contrast, although the market value of the shares held by John Madden, the chairman of the Wharf Group, is not as high as Su Cheng's at this stage, what he holds are B shares, and his voting rights are ten times that of A shares.

This unique equity structure ensures John Madden's absolute controlling position in the Wharf Group, making any takeover attempt without his consent extremely difficult.

Therefore, although Su Cheng has made significant progress in terms of shareholding ratio, it is still necessary to overcome many obstacles to truly shake John Madden's leadership position in the Wharf Group.

However, Su Cheng was not eager for quick success, he deeply understood the importance of patience and strategy.

He knew that as time passed, John Madden's enthusiasm for the Wharf Group might gradually fade, and the idea of selling shares might surface again.

Su Cheng patiently waited for this opportunity to come, preparing to take action at the right time.

He plans to use this to have a frank conversation with John Madden at the right time, so that John Madden will voluntarily give up control of the Wharf Group.

After settling this matter, Su Cheng plans to tell John Madden about it.

Because he knows that even if he keeps this matter unpublished now, the future public statements of Cheung Kong Holdings will make all of this public.

As a listed company, Cheung Kong Holdings has a statutory obligation to fully disclose its financial situation and sources of profit to the public.

This transparency requirement prompted Su Cheng to realize that rather than letting the information leak naturally and causing unnecessary suspicion and misunderstanding, especially making John Madden have unnecessary doubts about him, it is better to take a proactive communication strategy.

So, at the critical moment when Zhang Qizheng and others were handling key transactions related to Cheung Kong Holdings, Su Cheng decided to call John Madden directly.

On the other end of the phone, John Madden's voice carried a hint of surprise and curiosity: "Mr. Su, hello, may I ask if you are looking for me at this time, is there anything important that needs to be discussed?"

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His tone revealed a little incomprehension at Su Cheng's sudden contact, after all, the two had just met at the board meeting, less than two hours ago.

"Mr. John, there is something I need to confess to you frankly. Not long after I returned to the Su family group, Mr. Li of Cheung Kong Holdings took the initiative to contact me. He proposed that he hoped I could take over the shares of the Wharf Group in his hands.

Through further understanding, I learned that Mr. Li has been seeking to increase his stake in the Wharf Group for a long time, and because I unexpectedly became a new shareholder of the group, he turned to decide to abandon the direct acquisition plan and instead transfer the shares to me in a friendly manner.

Considering the current stable profitability of the Wharf Group, I think this is a very attractive investment, so, after careful consideration, I agreed to his transaction.

Just a while ago, we have officially completed the transaction, and I now hold 21.5% of the shares of the Wharf Group.

However, Mr. John Madden, please allow me to emphasize that I absolutely have no intention of interfering with or challenging your position as the helmsman of the Wharf Group.

I am very clear about your excellent leadership and management capabilities of the company, so I promise to continue to be a responsible shareholder, only holding shares and not participating in daily management and decision-making. I firmly believe that under your leadership, the Wharf Group can continue to prosper and develop."

When talking to John Madden on the phone, Su Cheng also gave him a bowl of ecstasy soup. (End of this chapter)