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#53 - Big news that shocked Hong Kong

It was already evening when I returned from Chu Xuanyu's place.

As soon as he got back, Zhong Chuhong said to him, "Boss, Mr. Zhang called this afternoon and said there's news from HSBC."

Su Cheng nodded upon hearing this and was about to call back, but he suddenly remembered that the time difference here was different from that of Hong Kong. Although it was a little after 8 p.m. here, it was already past 3 a.m. in Hong Kong.

Therefore, he decided to wait until the next day to call him back.

As early as the day Su Cheng arrived in London, he had told Zhang Qizheng, Wang Hai, Brother Wu, and others his phone number here so that they could contact him in time if anything happened.

"By the way, we can move to the Riverside Building tomorrow," Su Cheng said with a smile to Zhong Chuhong, who was being well-behaved.

"Really? That's great!" Zhong Chuhong couldn't help but cheer after hearing this.

Compared to the monotony of the villa resort area here, the scenery in the city center was much better and more lively.

"Go to bed early. I'm going to wash up and go to bed too. You can come out with me tomorrow instead of being bored at home," Su Cheng said with a smile.

"Boss, I'll wait for you," Zhong Chuhong said shyly.

Even though they had been together for some time, she always blushed so easily, looking both cute and alluring.

"Okay, then wait for me," Su Cheng said with a smirk.

After saying that, he took a shower and brushed his teeth in the shortest possible time, then jumped onto the big bed to discuss life with the beauty~

The next day, at nine o'clock in the morning, Su Cheng woke up and returned a call to Zhang Qizheng.

"Boss, Mr. Shen Bi called me last night and said that there are basically no problems with the Hutchison Whampoa deal. The board of directors has agreed to Shen Bi's proposal to sell Hutchison Whampoa's ordinary shares to Tianyuan Investment Management Company. We can sign the contract at any time, just waiting for your word," Zhang Qizheng reported excitedly.

It turned out that at 4 p.m. that day, under the chairmanship of Shen Bi, the HSBC board of directors held a secret meeting to discuss the sale of Hutchison Whampoa to Tianyuan Company. The directors attending the meeting included Shen Bi, Bao Ship King, John Swire, Peter Wrangham, Maden, Ross, Xu Shixun, Tang Maosheng, and others, while representatives from Jardine Matheson and Swire Group, two British companies, were not present.

In the conference room, Shen Bi stated the pros and cons of selling Hutchison Whampoa's shares to Tianyuan Investment Management Company. Wharf's shares and Global Shipping Company also played a very important role.

The meeting ended at 6 p.m., and the board of directors unanimously agreed to sell Hutchison Whampoa to Tianyuan Investment Management Company.

"Immediately contact Shen Bi on behalf of Tianyuan Investment Company and sign the contract with HSBC as soon as possible to avoid other accidents. Wharf's shares can be sold to Global Shipping Company at the same time," Su Cheng ordered directly without saying anything else.

This matter was prone to accidents if it was delayed for too long, so the sooner the contract was signed, the better.

"Okay, boss, I will contact HSBC right away," Zhang Qizheng replied immediately.

After Zhang Qizheng hung up the phone, he immediately contacted HSBC.

Since the board of directors had agreed, there was no reason to delay, so they began to prepare for the signing ceremony.

When Zhang Qizheng arrived at HSBC with the company's lawyer, they had already prepared the signing ceremony.

Wei Li naturally felt very annoyed by this decision, but he was helpless.

It was not a bad thing for Hutchison Whampoa to be attached to HSBC, after all, it was like having a very thick thigh to hold on to.

But what was Tianyuan Investment Company?

He had never even heard of this company until a month ago. If the news that Tianyuan Company was going to acquire Wharf had not been so big, he would not have known about it.

At that time, he even secretly laughed at Jardine Matheson for not knowing that their home had been stolen.

But what was going on now? Why was he suffering for no reason?

It was like an ant saying that the elephant would belong to it in the future. Was that possible?

But now the fact was in front of him. Tianyuan, the ant, swallowed Hutchison Whampoa in one bite and became the largest shareholder of Hutchison Whampoa?

In short, Wei Li was very annoyed!

He was a very ambitious and talented person. Otherwise, HSBC would not have invited him to manage Hutchison Whampoa in the first place.

As expected, under his management, after only two or three years, Hutchison Whampoa, which was originally heavily in debt, had completely recovered and turned a profit.

He was confident that if he was given a few more years, Hutchison Whampoa would have the opportunity to become the largest company in Hong Kong, and it was not impossible to surpass its master, HSBC.

But now, he suddenly received news that the former master no longer wanted it and had sold it to another master, a company controlled by Chinese.

Because of this, he did not know what the future of Hutchison Whampoa would be like and whether it would seriously disrupt his control over Hutchison Whampoa.

After Tianyuan Investment Company, HSBC, and Global Shipping Group signed the contract, the commercial situation in Hong Kong officially changed dramatically.

First, Tianyuan Investment Company acquired 22.4% of Hutchison Whampoa's shares held by HSBC at a price of HK$7.5 per share, totaling HK$675 million. According to the agreement, Tianyuan Management Company needs to pay HSBC all funds within two days;

Second, Global Shipping Group acquired 23% of Wharf's shares held by Tianyuan Investment Company at a price of HK$50 per share, totaling HK$1 billion. According to the agreement, Global Shipping Group needs to pay Tianyuan Investment Company all funds within two days;

With this one purchase and one sale, Tianyuan Investment Company not only used Wharf's shares to exchange for Hutchison Whampoa, the share ratios of the two were similar, but Tianyuan Company earned more than HK$300 million.

This also announced to the world that on this day, Hutchison Whampoa, a long-established British company, fell into the hands of emerging Chinese businessmen.

The situation was similar on Wharf's side.

That night, HSBC, Global Shipping Group, and Tianhe Investment Management Company simultaneously announced the contents of their respective transfer agreements to the Hong Kong media.

After the news came out, the entire Hong Kong media was first to boil over. Big news, it was simply super big news!

What did this represent? What it represented was the rise of Chinese-funded enterprises!

As for the general public, they would have to wait until the news was released through the major media before they would know.

Asking for monthly tickets, asking for recommendation tickets~

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