We're building a super chaebol in Hong Kong

#1059 - The yielding of the strong

Inside the headquarters of Jardine Matheson Group, Newbigging swiftly received this significant news.

Upon first hearing it, his initial reaction was disbelief, and a wave of doubt surged within him.

"How is it possible?" he murmured to himself, as if unable to believe his own ears.

In his mind, Jardine Matheson was like an impregnable fortress; how could it easily change hands?

But then, reason told him that Su Cheng's formidable financial strength and the recent press conference were undeniable facts.

These signals strongly suggested that everything was already set in stone.

Therefore, he decided to take action and directly contact Su Cheng to personally verify whether all of this was true.

At this crucial moment, only an answer from Su Cheng himself could completely reassure him or help him accept reality.

After repeated unsuccessful discussions with team members and other shareholders of Jardine Matheson, Newbigging realized that further discussion would not change the situation.

Therefore, he decisively took action and directly dialed Su Cheng's number.

At this time, less than ten minutes had passed since the end of Su Cheng's press conference announcing the change of power, and the air seemed to still retain the afterglow of the press conference.

When the bodyguard handed him the mobile phone, and Newbigging's number flashed on the simple display screen, Su Cheng couldn't help but reveal a slight smile.

"It seems that he has indeed come to my door," Su Cheng thought to himself.

"Mr. Su, is the news you just announced absolutely certain?" After the call connected, Newbigging's voice still carried a subtle tremor, revealing his inner disbelief.

"Mr. Newbigging, I, Su Cheng, never speak without evidence. You should still be at the company right now, right? It just so happens that I also plan to go over and talk to you in person about the follow-up matters regarding my takeover of Jardine Matheson and Hongkong Land's equity. Please wait a moment, I will be there soon," Su Cheng replied with a smile.

On the other end of the phone, Newbigging was silent for a long time, as if even his breathing had become heavy.

He knew very well that this phone call signified the changes he was about to face—he would no longer稳坐 the throne of Tai-pan of Jardine Matheson, and the sense of loss of this power and status made him speechless for a moment.

Su Cheng did not wait for Newbigging's response; he understood the other party's complex emotions and did not need to say more.

After hanging up the phone, he led his team and drove to the headquarters of Jardine Matheson Group, preparing to hold this important meeting with Newbigging regarding the future of the company.

Inside the office, Newbigging did not get up to greet them; he sat quietly behind his desk, staring at the door, waiting for Su Cheng's arrival.

A subtle atmosphere of tension permeated the air.

During Su Cheng's arrival, he had already called Simon Keswick, the head of the Keswick family, to inform him of the sudden incident here.

However, all of this was useless.

The Keswick family only controlled a dozen percentage points of Jardine Matheson's shares; even if they joined other shareholders, they only controlled more than thirty percentage points.

And Su Cheng himself reached more than twenty percentage points of equity, plus the Jardine Matheson equity held by Hongkong Land, how could he resist?

At this moment, Simon Keswick, who was far away in the UK, probably regretted the most the mutual shareholding plan between Jardine Matheson and Hongkong Land.

This plan not only made him lose control of Hongkong Land, but also lost control of Jardine Matheson.

If there had been no mutual shareholding plan, he would have only lost Hongkong Land at most, and at least he could have controlled Jardine Matheson Group.

However, now, saying more is useless; the matter has already happened.

Originally, Simon Keswick had already planned to get Newbigging off the stage and then take the stage himself.

But now, Newbigging may indeed step down, but he has no chance to take over Jardine Matheson and Hongkong Land.

Returning the line of sight to Hong Kong, Su Cheng stepped into Newbigging's office, and Newbigging stood up.

"Mr. Newbigging, this is my controlling stake certificate; you can check it," Su Cheng said with a smile, handing several materials to Newbigging.

At this moment, Newbigging's face had no expression.

He has served as the Tai-pan of Jardine Matheson Group for many years and has long been accustomed to the status of a bigwig in the Hong Kong business community.

In Jardine Matheson and Hongkong Land, his words represented everything; even the major shareholders of Jardine Matheson could not criticize him.

Therefore, before Su Cheng intervened in the affairs of Jardine Matheson and Hongkong Land, there was actually internal fighting within Jardine Matheson.

And the two sides are Newbigging, the Tai-pan of Jardine Matheson, and the largest shareholder of Jardine Matheson, the Keswick family.

If Su Cheng had not entered Jardine Matheson, then Newbigging would eventually be driven off the stage by the Keswick family due to the real estate crisis causing serious losses to Hongkong Land, and Simon Keswick would successfully take over Newbigging's position and become the Tai-pan of Jardine Matheson and Hongkong Land.

Unfortunately, everything in this world has changed, and Simon Keswick obviously has no chance.

Putting down the materials in his hand, Newbigging sighed; he knew that the general trend was gone and he could not recover it.

"Mr. Su, what do you want to do with me, directly let me step down?" Suddenly, Newbigging seemed to see hope and came to Su Cheng.

"If you let me continue to serve as the Tai-pan of Jardine Matheson, I will definitely follow your instructions. I have served as the Tai-pan of Jardine Matheson Group for many years and have mastered everything about Jardine Matheson Group. No one knows Jardine Matheson better than me. Mr. Su, I think only I, Newbigging, am the most suitable to serve as the Tai-pan of Jardine Matheson!

Mr. Su should also be able to see my performance in Jardine Matheson over the years. Under my management, both the market value and the stock price of Jardine Matheson and Hongkong Land have increased significantly. If Mr. Su continues to entrust Jardine Matheson to me for management, I will definitely not let you down!" After speaking, Newbigging looked at Su Cheng with hopeful eyes.

Because at this moment, Newbigging suddenly thought that what Su Cheng likes most is to be a hands-off shopkeeper, and likes to hand over the affairs of the company and group to professional managers.

And he, Newbigging, isn't he a professional manager?

It seems to him that it doesn't matter who the shareholders of Jardine Matheson become. He is not a shareholder of Jardine Matheson, he is just a professional manager.

Thinking of this, the previously low mood seemed to be much better.

Therefore, at this time, he can only place his hope on Su Cheng.

Although Su Cheng has become the actual controlling person, if he can continue to serve as the Tai-pan of Jardine Matheson, it means that there is someone above him who can control him.

But what does it matter?

He is still the Tai-pan of Jardine Matheson, who is second only to one person and above ten thousand people, and he is satisfied with that.

After being in charge of Jardine Matheson Group for so many years, Newbigging is really unwilling to be driven off the stage suddenly.

Su Cheng didn't expect that Newbigging would have such an idea.

At that moment, he didn't answer Jardine, but instead pulled out a chair from the side and sat down.

Jardine Matheson has managed Jardine for many years and has great prestige within the Jardine company. It would be inappropriate to force him to step down now.

In another world, after Li Ka-shing took control of Hutchison Whampoa, it also took a long time to finally force out Wylie and make himself the taipan of Hutchison Whampoa.

This is because, for behemoth companies like Hutchison Whampoa and Jardine Matheson, even if you take over, there must be a transition period.

Forcing the predecessor to step down all at once would also be a hassle for taking over the management of Jardine.

It's better to let Jardine and Fok continue to sit in those positions temporarily, while constantly inserting your own pawns, and when you are almost able to completely control Jardine and Hongkong Land, then force Jardine and Fok, the original heads, to step down, and finally smoothly take over Jardine and Hongkong Land.

The newest novels are first published at 69shu吧!

Thinking of this, Su Cheng had an idea.

At the same time, complying with Jardine is also for the purpose of better taking over Jardine and Hongkong Land, so that his entry into these two behemoth British-funded enterprises will be unimpeded.

Otherwise, Jardine might engage in various petty actions, causing him heavy losses, which is also something Su Cheng is unwilling to see.

After all, whether it is Jardine or Hongkong Land, the assets they control are too large. If Jardine just abandons them and doesn't hand over anything, and the new leader is completely clueless about the company, that would be irresponsible to both groups.

"Mr. Jardine, regarding the matter of you continuing to lead the Jardine Group, it's not that I can't consider it. Of course, if that's the case, the position of Jardine Taipan can only be held by me, after all, I already control Jardine, and it's impossible to give the Taipan's identity to you.

As for you, I firmly believe that your ability and management experience are crucial to Jardine, so I propose that you serve as Vice Chairman and General Manager, responsible for specific operations, and continue to hold the management power of the Jardine Group. You know, I prefer to play a role at the strategic level, rather than being deeply involved in the trivialities of daily management, so this proposal is more of a nominal responsibility for me.

At the same time, in order to ensure the company's stability and development, I will introduce some new faces into the senior management of Jardine and Hongkong Land to strengthen the team and maintain my interests.

After all, any investment requires a long-term perspective and appropriate monitoring mechanisms. I believe that this arrangement will not only allow you to continue to use your strengths but also protect my overall interests in the company.

If you can accept this arrangement, I would be very happy to see Jardine continue to develop under your steady leadership. After all, our goals are the same, to make Jardine more prosperous," Su Cheng said with a smile.

"Of course, Mr. Su, I completely agree with your proposal," Jardine said, a huge weight lifted from his heart, and joy was written all over his face.

He didn't expect that his expedient measure would so smoothly get Su Cheng to nod, preserving his core position in the Jardine Group.

"I am very honored to be the Vice Chairman and General Manager of Jardine under Mr. Su's leadership. I believe that under your strategic guidance, combined with my practical operating experience, Jardine will surely usher in a more brilliant tomorrow," Jardine's words seemed to be full of confidence and anticipation for the future.

Of course, Su Cheng didn't believe his statement. Jardine was also an old fox in the business world, how could he surrender so easily?

But no matter what, now that both the Jardine Group and Hongkong Land Group are in his hands, no matter how much this old fox Jardine struggles, it will be meaningless.

"In that case, Mr. Jardine, please prepare. Tomorrow morning, Jardine will hold a press conference to announce this matter. In addition, I will also send people to enter the senior management of Jardine and Hongkong Land. You will cooperate at that time," Su Cheng said directly.

At this moment, the identities between Jardine and Su Cheng have completely changed.

Originally, although Su Cheng was the world's richest man, in Hong Kong, Jardine and Su Cheng were, in any case, people of the same level, both bigwigs in the Hong Kong business community.

But now, the identities have completely changed. Although Jardine is still a business tycoon, he has become Su Cheng's subordinate, no longer a figure of the same level as Su Cheng.

"Okay, Mr. Su, no, I will call you Boss from now on. Boss, I will arrange it immediately, and I will definitely not let you down!" Jardine said respectfully.

Su Cheng did not expect that this Jardine Taipan, accustomed to the identity of a bigwig, could actually bend and stretch, and could so easily lower his proud head, which really surprised him.

This is not like the Jardine he remembered.

In his impression, Jardine has always liked to appear aloof, and even in front of Shen Bi, he did not have the slightest respectful attitude.

What Su Cheng didn't know was that as Jardine's term of office was approaching, he had already been planning how to continue to be re-elected for the next term.

But later he learned that Simon Keswick had the ambition to succeed him, so since last year, he had actually started fighting with Simon Keswick openly and secretly.

What he didn't expect was that before a winner could be determined, Jardine was taken down by someone else.

In other words, Simon Keswick will no longer have the opportunity to take over Jardine Matheson.

"Speaking of which, doesn't this mean that I won this competition?" Jardine could only comfort himself with this.

After discussing it, Su Cheng did not intend to forcibly take over Jardine.

Originally, he had brought people with him. In addition to him, there was also Wei Li, the president of Hutchison Whampoa Group, and the takeover team he had temporarily formed.

Even Su's Group, Yang Chaoye had also formed a temporary takeover team. Once Su Cheng's takeover was successful, Yang Chaoye would also act immediately.

However, as it seems now, there is no need to do so for the time being.

A peaceful takeover is exactly what he is pursuing.

As for Hongkong Land, Su Cheng believed that Jardine would convince Fok.

After all, although Fok is the Executive Director of Hongkong Land, he has always listened to Jardine's arrangements in the face of major issues.

This time, there should be no problem either.

Thus, this takeover farce ended in a harmonious atmosphere.

Although Su Cheng had already announced this matter to the media today, it must have been Su Cheng's own unilateral announcement.

The news released by Jardine Hongkong Land is different, this is the official one.

Once officially announced, Su Cheng's entry into Jardine Group and Hongkong Land Group will truly be justified. (End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like