We're building a super chaebol in Hong Kong
#1070 - Sucheng becomes the new shipping king!
Faced with the sudden turn of events, John Marden didn't know how to respond for a moment.
Especially the senior executives in the meeting room, who immediately changed their attitude towards him after learning the news, which made him even more uncomfortable.
At this moment, he, who was already in his sixties, looked even older all of a sudden.
Who would have thought that just a day ago, he was still the infinitely glorious Chairman of Wheelock, and even if the Zhang family forced him to step down, he could easily defuse the situation with a few words.
As a result, today he received such news that he really couldn't accept it for a while.
Although John Marden had long had the idea of leaving the Wheelock Group, the meaning of stepping down voluntarily and being forced to step down by others was completely different.
However, at this moment, it seemed meaningless to say anything more.
"Mr. Su, are you interested in my shares? I want to sell my shares in Wheelock Group to you." After a long time, John Marden said these words.
However, Su Cheng no longer had the idea of continuing to acquire shares. The 49% stake he held was already enough to control this British-funded taipan.
"Mr. John, I don't plan to increase my shareholding, because I don't have any plans to privatize it. I still have some influence in the Hong Kong stock market. Once everyone knows that I become the chairman of the board of directors of Wheelock Group, it will definitely allow Wheelock Group's stock price to rise. Why should Mr. John sell to me? You can completely sell it slowly in the stock market. The funds sold will be much higher than the price I acquire. Even if I acquire, it is impossible to give too high a price," Su Cheng said with a smile.
John Marden's eyes lit up when he heard this. That was indeed the case. Nowadays, which of the listed companies under Su Cheng's control didn't rise sharply? Hong Kong Electric Group, China Motor Bus, Hongkong Land, etc., all had very high stock prices. Obviously, after Su Cheng took over Wheelock, he would definitely be able to raise Wheelock Group's stock price.
At this moment, he was no longer dejected, but instead had a smile in his eyes.
Wheelock suffered serious losses in the shipping industry this year, and he was tired of managing it. Now, it could be considered a relief.
"Mr. Su, I will cooperate with the handover matters between you and me." At this moment, John Marden, who already knew that he was powerless to turn the tide, replied very simply.
"Very good, then thank you for Mr. John's cooperation," Su Cheng said with a satisfied smile.
It was naturally best if John Marden cooperated.
Otherwise, he would only be able to force him to step down and then take over.
So, Su Cheng took the phone from the bodyguard and called Wei Li, asking him to send someone to take over the management of Wheelock Group.
Wheelock Group and Hutchison Whampoa Group were both traditional British-funded giants. It was obviously the best way for Hutchison Whampoa to take over.
Now Hutchison Whampoa was 100% controlled by him. It was also a very good way to incorporate Wheelock Group into Hutchison Whampoa and make it a listed company under Hutchison Whampoa.
More than an hour later, Wei Li hurriedly arrived at Wheelock Group with a group of senior executives.
At this moment, Wei Li was extremely excited. Incorporating Wheelock into the Hutchison Whampoa system was equivalent to strengthening Hutchison Whampoa's strength. How could he not be excited!
Although the various enterprises under Su Cheng were harmonious, there must still be competition in secret.
For example, Hutchison Whampoa Group and Su's Group were both secretly competing to see who was the number one.
Su Cheng didn't stop this. Letting them compete was also a kind of motivation.
With John Marden's cooperation, Wei Li successfully led people to take over Wheelock Group.
From then on, this giant that had once become one of the four major British trading houses was taken over by Su Cheng for his own use.
As a large listed company, there were many small shareholders holding Wheelock shares. Naturally, the change of helmsman had to be made public.
So, Wheelock Group held a press conference.
At the press conference, when Su Cheng announced that he would become the chairman of Wheelock Group, the scene was once again a sensation.
Another British-funded enterprise was taken down by Su Cheng.
Looking back over the past few years, the British-funded giants that had been taken down by Su Cheng one after another included Hutchison Whampoa Group, Hong Kong Electric Group, and Hongkong Land. Now, there was another Wheelock Group.
How could people not be shocked by this?
Previously, he had even directly taken down Jardine Matheson. If Su Cheng hadn't finally chosen to sell it for 20 billion Hong Kong dollars, Su Cheng would have almost taken down most of the British-funded giants.
Even Wharf Group, a behemoth with a not low market value, was also the second largest shareholder of Su Cheng.
This news spread rapidly to all parts of Hong Kong at the fastest speed.
Hong Kong was not big, and the speed of spreading news was very fast.
Before these media had announced the matter, the matter of Su Cheng successfully acquiring Wheelock Group had already become a hot topic.
The result of the news spreading was that the stock market exploded.
Originally, since the beginning of this year, Hong Kong's stock market had been affected by the real estate crisis and the shipping industry recession to varying degrees. Few listed companies could maintain a continued upward trend.
It was conceivable how much these stockholders trusted Su Cheng.
Although this matter had nothing to do with Su Cheng, he held 49% of the shares and did not plan to increase his holdings anymore.
However, from the stockholders' reaction, one could also feel the stockholders' enthusiasm.
Su Cheng had already become the most trusted entrepreneur in the eyes of Hong Kong citizens.
John Marden, seeing this scene, suddenly felt very grateful to Su Cheng.
Now that the market was so hot, it was naturally very easy to sell his shares.
However, at this moment, he hesitated, wondering whether to sell or not.
If he didn't sell, when Wheelock Group turned losses into profits, the dividends would definitely be a lot. It seemed better to do this than to sell it.
… …
The matter of Su Cheng's entry into Wheelock Group caused a heated discussion among the citizens of Hong Kong for more than half a month before gradually dissipating.
At this time, Wheelock Group's shares had risen by more than 150% compared to the stock price at the time of Su Cheng's acquisition.
Wheelock Group's total market value also jumped into the top ten of all listed companies in Hong Kong.
It could be said that after changing bosses, Wheelock Group directly underwent a reformative change, and was no longer the British-funded enterprise under John Marden's management.
Wheelock had many subsidiaries. The listed associated companies included Wheelock and Allied Properties, and Allied Properties had a strong subsidiary, Beauforte Development.
In addition, Wheelock also controlled the famous listed company Hong Kong Tunnel Company. In addition, Wheelock Marden, Wheelock Properties, Harriman Holdings, Realty Development Corporation, Lane Crawford, etc., were all important listed companies controlled by Wheelock Group.
It could be seen that although the current Wheelock Group seemed to be in a slump due to the losses of Wheelock Shipping, it could also be seen that its foundation was very strong.
Under Wei Li's management, revitalizing Wheelock Group wasn't difficult; it simply required turning Wheelock Shipping from a loss to a profit.
Therefore, with Su Cheng's authorization, Wheelock Group sold 50.4% of the heavily loss-making Wheelock Shipping Company to Su Cheng's Dally Logistics Company for $1.
Wheelock Shipping itself was suffering severe losses, and its stock had already fallen very low. Taking advantage of this opportunity, they continuously acquired shares on the stock market and then officially announced the privatization of Wheelock Shipping.
Subsequently, Wheelock Shipping was merged with Dally Logistics Company, ultimately forming the new Dally Logistics Group.
With this, Wheelock Shipping Company exited the market.
With so many manufacturing businesses under Su Cheng's banner, there was a great need for transportation to ship goods all over the world. The original Dally Logistics Company was insufficient to transport so many products, so Su Cheng's side needed to cooperate with Bao Yugang's Global Shipping Group.
Although Bao Yugang had been continuously selling ships in recent years, Global Shipping Group still maintained a portion of its shipping business.
Now, having acquired Wheelock Shipping, Dally Logistics Company's strength increased several times over in one fell swoop, making it the largest logistics and shipping enterprise in Hong Kong.
Even worldwide, Dally Logistics Group could rank among the top three shipping fleets.
After all, originally, both Dally Logistics Company and Wheelock Shipping Company possessed a number of ships that were second to none in Hong Kong.
Now that the two companies had merged, their strength was unimaginable.
As for what rank it could achieve worldwide, without relevant data from corporate surveys, it was impossible to know.
Su Cheng didn't pay too much attention to external opinions because the Su family had another joyous event.
Zhong Chuhong successfully gave birth to another little prince.
With this, Su Cheng had three sons and one daughter.
Zhong Chuhong still felt some regret that it wasn't a daughter, but thinking about it, she was happy. Whether it was a boy or a girl, they were all her and Su Cheng's own flesh and blood, an undeniable fact.
Zhong Chuhong gave birth, and Ah Jiao would soon reach her due date.
Ah Jiao's pregnancy was only a little over two months later than Zhong Chuhong's.
That is to say, in another two or three months, the Su family would add another new member.
The Su family's members were becoming more and more numerous, truly blessed with many children!
Su Cheng also doted on this newborn very much. He had always been fair and just to his children and would not show too much favoritism.
Although there was only one father, fatherly love could be divided.
……
In the blink of an eye, more than two months had passed.
Under Wei Li's management, Wheelock Group was getting better and better.
Especially after getting rid of the burden of Wheelock Shipping, Wheelock Group ushered in an all-round development.
Moreover, after several rounds of financing, Wheelock Group's funds became more and more abundant.
Su Cheng didn't increase his shareholding, nor did he reduce his shareholding. He always maintained a 49% shareholding ratio. Even if there was financing, he would increase his shares to 49%.
In Hong Kong, other entrepreneurs liked to cooperate with Su Cheng the most.
Therefore, when Wheelock Group released the news of financing, many big shots participated.
For example, Bao Yugang, Zheng Yutong, Li Jiacheng, etc., and even HSBC Bank, participated in the financing.
Therefore, with the investment of the big shots, even if Su Cheng didn't invest, they still raised a full 3 billion Hong Kong dollars.
This sum of money was enough for Wheelock Group to take off.
Su Cheng rarely participated too much in the affairs of Wheelock Group because he believed in his management team.
On the contrary, if he personally managed it, he might not be able to manage it so well.
Moreover, he rarely put too much effort into companies that he 100% owned, let alone a listed company with only a 49% shareholding.
Dally Logistics Group also merged very smoothly.
This time, taking over Wheelock Group can be said to be a very cost-effective deal.
He had only invested a little over one billion Hong Kong dollars in Wheelock Group before and after.
Now, the total market value of Wheelock Group has reached more than 8 billion Hong Kong dollars, and he holds 49%, which means that the market value of Wheelock shares in his hand has reached more than 4 billion Hong Kong dollars.
Of course, market value is something that changes at any time. If you don't sell shares, it's just a number.
But it is also enough to see that everything in Wheelock Group is now developing in a good direction.
Otherwise, how could shareholders have been able to hype up Wheelock Group's stock price after two or three months?
The continuous rise in stock prices shows that Wheelock Group has more and more good news.
Tseung Kwan O, Tseung Kwan O Hospital, in a high-end delivery room.
At this time, Su Cheng was waiting outside.
Inside was Ah Jiao, and today was also the day Ah Jiao gave birth.
"Boss, it's a girl!" The female nurse inside walked out holding the baby, a little worried that Su Cheng would be unhappy knowing it was a girl.
However, Su Cheng showed a happy expression. A girl was good.
Now, he had three sons and two daughters, five children.
After a while, Ah Jiao was pushed out. At this time, her face was pale, but she was full of a happy smile.
"Thank you for your hard work." Su Cheng stepped forward, held Ah Jiao's pale little hand, and said gently.
This was the woman who gave birth to his children, and of course he valued her.
The trolley pushed Ah Jiao into a high-end delivery room. There were no other pregnant women nearby, and even in this area, there were no other people. They were all people Su Cheng trusted here.
After all, Su Cheng never wanted his family affairs to be made public.
"Cheng, I want to see our daughter."
"Okay, I'll hold her for you to see, see how cute she is."
After Ah Jiao returned to the villa to recuperate, Su Cheng returned to his normal life.
One morning, after Su Cheng got up, he habitually ate breakfast while reading the newspaper.
The newspaper in his hand was the \u003ci\u003eOriental Daily\u003c/i\u003e under his banner.
"Mr. Su Cheng Officially Becomes the World's Number One Shipping Magnate!" This was the main headline of the \u003ci\u003eOriental Daily\u003c/i\u003e.
Huh?
Su Cheng looked at it carefully.
He thought it was an article from the \u003ci\u003eOriental Daily\u003c/i\u003e itself, but after reading the content, he realized that the news source was an article written by the American \u003ci\u003eNew York Times\u003c/i\u003e.
It turned out that after Dally Logistics Company merged with Wheelock Shipping, the \u003ci\u003eNew York Times\u003c/i\u003e specifically investigated the world's largest shipping companies.
In the end, it was discovered that the current Dally Logistics Group had the highest tonnage of ships in the world.
That is to say, Su Cheng, the boss of Dally Logistics Group, had won the world and become the world's number one shipping magnate!
Seeing this, Su Cheng was also a little surprised.
He himself didn't have the intention to compete for this honor, he just felt that merging Wheelock Shipping with Dally Logistics Group would make their development better.
He really didn't expect that, by accident, he would actually become the world's shipping magnate.
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