Hong Kong variety show: I Am a Tycoon

Chapter 241 Technical Adjustments

After thinking it through, Roland Gardner's forehead veins bulged, and then he seemed to deflate, letting go of his grip: "Sir Chen, do you really think you can scare me with your silver tongue?"

As a leading figure in Hong Kong's power and hotel industries, it's impossible for Roland Garros to easily relinquish power.

Lian Po is old; can he still eat?

"Then we'll wait and see. I respect your decision..."

Chen Jiajun looked at Roland Garros's determined gaze and said softly.

Laurence Kadoorie is not like Newbikini or Bobby Paulson. Newbikini and Bobby Paulson were, frankly, just high-level employees at Jardine Matheson, receiving fixed salaries. Laurence Kadoorie, however, is the heir and founder of the Kadoorie Group, and both companies are his life's work.

His reaction was within Chen Jiajun's expectations.

After a pause, Chen Jiajun stood up and stubbed out his cigar: "So, I will do my best from now on. Brother Xin, come visit me sometime."

Roland Garland also stood up at the same time. "Sir Chen, then let's see who's really good. Also, you have to be prepared to lose, because if you lose, then I'll be the one to beat you up."

"Hehe, losing is nothing more than a few billion. Goodbye." With that, Chen Jiajun walked away nonchalantly.

After leaving the Jumbo Floating Restaurant and boarding the small speedboat, He Tian'er jumped on as well, proudly showing off a videotape in her hand, saying, "The movie I starred in has finished filming. How about it, want to watch it together?"

"I've already seen the sample footage, what acting skills do you have?"

In recent months, He Tian'er, Wen Bixia, and Lin Biqi co-starred in a movie called "Pretty Girl", directed by Li Dawei.

The lead role is not He Tian'er; Lin Biqi plays the female lead, while Wen Bixia and Lin Biqi play supporting roles. This movie tells the story of a group of troubled girls.

This is an art film. He Tian'er's acting is not good. Director Li Dawei has complained about it in private. She is not as good as Wen Bixia, the newcomer to the company.

Of course, in Chen Jiajun's opinion, the acting skills of the actors in this era are far superior to those of the "fairies" of the 21st century.

Even if He Tian'er is no longer capable.

That's still much better than those fairy girls.

He Tian'er straightened her chest and shook her lips: "Hey, don't look down on people like that."

"What's the point of watching your movies? It's better to watch the movies we make together."

Glancing at He Tian'er's impressive figure, Chen Jiajun pulled her into his arms.

Tonight, the name of Sir Chen must be on the domestic section.

The next day.

In a conference room at the Shangri-La Hotel, Wei Li held another press conference, announcing that Longteng Fund had acquired 38% of the shares of China Electronics Corporation. Whether to launch a full takeover would depend on the situation.

At the same time, Wyman also announced that Dragon Fund had acquired Jardine Matheson's 31% stake in HK Electric and would take control of the HK Electric Group.

The news caused an uproar throughout Hong Kong.

Of course, many people don't understand why Chen Jiajun would invest in two power groups at the same time. After all, in this era, power companies are a thankless job, and the real estate industry is much more lucrative.

Just look at how many of Hong Kong's top ten conglomerates are real estate developers, and it becomes very clear.

Following the press conference held by Wayne Ryder, the Kadoorie family also held a press conference.

When facing reporters, the Peninsula Hotel and Rowland Heights showed no signs of defeat; instead, they smiled and welcomed Dragon Fund to join CLP Group and Grand Hotel Group.

Meanwhile, Roland Garros also stated that the group will hold a board meeting in the near future in accordance with procedures.

Finally, Lawrence Kadoorie's smile faded, and he pointed to the camera, stating that the Kadoorie family was not afraid of the challenge from Sir Chan.

These words immediately filled the air in Hong Kong with a tense, pre-battle atmosphere.

Everyone understands that both sides are declaring war at today's two press conferences.

More than a month later, Wei Li hurriedly came to find Chen Jiajun.

After sitting down, Chen Jiajun asked directly, "Is the Kadoorie family planning something?"

He recalled that the Kadoorie family previously held 24% of the shares in CLP Power, while his side held a total of 62.4%.

Apart from him and the Kadoorie family, the remaining circulating shares are only about 13.6%.

The status of CLP Power as a listed company is now merely nominal.

It's just that Chen Jiajun's shareholding is scattered and difficult to define, and these companies of Chen Jiajun are not original shareholders, so they are not qualified to ban CLP Power Company from being a listed company.

Chen Jiajun had a deeper consideration in choosing not to delist: he believed that by using the listed company's status, he could make the matter bigger and make it easier to acquire the Kadoorie family's shares later.

Therefore, no matter how hard Chen Jiajun's side tries, they cannot increase their shareholding to more than two-thirds, thus preventing them from having absolute control over the board of directors and rendering them unable to use many of the methods to dilute the Kadoorie family's shareholding.

Because the Kadoorie family, with its 24% shareholding, has veto power on the board of directors.

Therefore, when it comes to matters of life or death or major issues that require board discussion, the Kadoorie family can block them.

However, the Kadoorie family was only able to barely save face during board resolutions; in other aspects, they suffered defeat after defeat.

For example, the shareholders' meeting has been controlled by Chen Jiajun's side.

By taking control of the shareholders' meeting, Laurence Kadoorie was ousted from his position as chairman, and all nominations from the Kadoorie family for the chairman and vice-chairman positions were rejected.

Of course, since Chen Jiajun's side does not hold two-thirds of the board seats, their advantage is only temporary and they cannot make a decision on the spot, resulting in the chairman's position remaining vacant.

The supervisory board was also controlled by Chen Jiajun's side.

In summary...

Since Chen Jiajun acquired CLP Power, the internal struggles within CLP Power have never stopped. Following Chen Jiajun's instructions, Wei Li directly used the Seven Injury Fist, exchanging injuries for injuries, causing the Kadoorie family great suffering.

In response to Chen Jiajun's question, Wei Li nodded and said, "Yes, the Kadoorie family can no longer hold on. I think there is a high probability that they will choose to withdraw from CLP Power."

Chen Jiajun immediately became interested: "Tell me the details."

Wei Li said, "Now our CLP Power is well-known throughout Hong Kong. Many people know that there is fierce internal strife and significant personnel changes within the company, which has already affected the company's operations."

"In order to dilute the Kadoorie family's shareholding, I have been proposing to increase investment. Every time, the Kadoorie family has rejected the proposal, and every time I have found an opportunity to spread the news."

"Major plans require board discussion and decision-making, but I can make direct decisions on some smaller matters. Many of the company's interests and assets have been transferred to Hong Kong Electric Company at a low price through reasonable means. The Kadoorie family already knows about this, but they can't find any evidence against them."

"...Therefore, having lost control of the management, the Kadoorie family could only watch helplessly as their interests were gradually diminished."

"Due to the continuous exposure of negative news, the company's stock price has continued to fall, currently down to about half of its normal level. It has been rated as a junk stock by multiple institutions, and the shares held by the Kadoorie family are now locked up."

“I don’t think anyone but us would dare to take it on. I’ve heard that even the Kadoorie family wanted to use their shares in CLP Power as collateral for a loan, but the banks rejected them and offered them significantly lower prices…”

As Wei Li talked at length about how he "runs" the company, Chen Jiajun gave him an approving look.

The things Wei Li did were indeed instructed to do privately by Chen Jiajun.

This method, though insidious, is an excellent way to deal with holdouts like the Kadoorie family.

In other words, the Kadoorie family controlled the shareholding ratio, preventing Chen Jiajun's side from controlling more than 66.7%.

If you had more than two-thirds of the shares, you wouldn't need all this trouble.

However, after all this effort, it seems to have been quite effective, and the Kadoorie family's attitude has softened, so it's time to take action.

"Wei Li, continue to probe the Kadoorie family's attitude. If they think it's not enough, then push them further, but be careful not to get yourself involved," Chen Jiajun instructed with a smile.

"I will arrange for someone else to handle the acquisition of their shares, and they will contact you when the time comes."

Wei Li respectfully replied, "Okay."

Chen Jiajun then asked a few more questions before sending Wei Li away.

When two gods fight, only ordinary people will die.

The Kadoorie family's stubborn stance has already displeased many shareholders of CLP Power.

Especially the small shareholders, they don't care about the Kadoorie family's past glory, they only care about the annual dividends and the share price they own.

……

The next day, when the market opened, China Power Company, which had already suffered a terrible drop, experienced another "technical" adjustment.

Less than half an hour after the market opened, the price dropped another 50 cents, scaring retail investors holding shares of China Power Company into selling off their shares.

But to the dismay of these retail investors, no one is willing to take over their shares anymore.

So, in a state of panic, they kept lowering their stock prices.

This vicious cycle caused China Power Company's stock to plummet to its daily limit within two hours of the market opening.

This caused the small shareholders and retail investors to panic and jump around in a frenzy.

Meanwhile, China Power Company was also in a state of utter chaos.

Laurence Kadoorie was ousted from his position as chairman by Chen Jiajun, and now he has no backbone.

Many shareholders are aware of the risk that China Power Company may be delisted.

This turmoil absolutely cannot be allowed to continue.

I watched as yet another expert appeared on the financial channel on TV, speaking eloquently.

Chen Jiajun immediately smiled with satisfaction: "Excellent work, deserves a reward."

Wellesley said with a smile, "I've already given them more money, and you're absolutely right."

These "experts" usually spout nonsense on TV, but this time they're not allowed to just spout off.

Many of the articles were even written by Wei Li's team.

It is written in a way that is easy to understand, and it also brings out the key information.

Wei Li said with a smile, "The stock hit its daily limit down again today. Many financial institutions are trying to take a piece of the pie from CLP Power."

"Hmph, those hyenas, ignore them." Chen Jiajun said disdainfully, "Once I have a free hand, I'll knock all their teeth out." Before he could finish speaking, the phone in front of Chen Jiajun rang.

Chen Jiajun answered the phone, a smug smile appearing on his lips.

Inside the Kadoorie mansion, Laurence Kadoorie's spoiled son was throwing a tantrum.

"What did you say? What do you mean we, the Kadoorie family, are opposing for the sake of opposing? Have you all lost your minds?"

"What do you mean by 'for the good of the group'? I think you've been secretly taking money."

"Shut up, you traitorous bastard."

Listening to her son's constant yelling, she had no way to solve the problem.

Laurence Kadoorie closed his eyes in despair.

Recent events have been taking up far too much of his energy; not only the hotel group, but also CLP Power, are causing him considerable worry.

Laurence Kadoorie's physical condition was no longer at its peak; after all, he was getting old, and he was even finding it somewhat difficult to cope with the attack from both sides.

It's normal for the company's shareholders to put pressure on the Kadoorie family, but it's a pity that his own son can't even handle such a small matter, which makes him very tired.

Some even felt that they should have known better than to sell CLP Power to Chen Chia-Chun.

Now that the two sides have essentially broken off relations, if I were to sell myself, Chen Jiajun would likely bleed me dry.

But if we don't do anything about it, not only will the neutral shareholders come, but even members of the Kadoorie family will probably stand up and betray us. In that case, the father and son will truly be abandoned by everyone.

……

At this time, in a hotel next to the China Power Company.

Except for two important figures who did not come in person, everyone else was present.

However, the meeting room was not filled with the usual arguments.

Instead, it was eerily quiet.

The shareholders present were all smoking, and the entire conference room was filled with smoke, almost turning it into a fairyland.

After a long silence, one of the shareholders finally spoke up: "We can't keep fighting like this. If we keep fighting, we'll all be finished."

"Then what do you suggest we do?" one shareholder asked with a worried expression. "With the two sides fighting like this, do you think they'll stop? Won't we be the ones who suffer?"

The shareholder who took the lead stubbed out his cigarette hard, then revealed a ferocious expression: "The facts are clear now. It was the Kadoorie family who started this by being ruthless. They opposed those projects that were supposed to drive the company's development, just for the sake of opposing them, leaving us with no other options."

"What do you want to do?" Hearing this, many shareholders asked in surprise.

“The Kadoorie family can afford to wait, but we can’t. I think it’s time to elect a new chairman to turn the tide.” The shareholder coldly glanced at everyone.

“Since I’ve said it out loud, I’m not afraid of anyone reporting it to the Kadoorie family. If Chan Ka Chun refuses to attend, I don’t mind selling my shares to him.”

Clearly, the neutral shareholder who couldn't stand it made his intentions very clear: they wanted to force the issuer to resign.

Upon hearing the shareholder's words, everyone fell into deep thought once again.

"I agree with this."

At this moment, a distinguished guest suddenly raised his hand, causing an uproar among the crowd.

Because this person was none other than Brant Kadoorie, a shareholder of the Kadoorie family.

This Brandt Kadoorie was a distant relative of Laurence Kadoorie and a marginal figure in the Kadoorie family.

The shareholdings in both China Power Company and the Grand Hotel Group are not particularly high.

It's estimated that their shares will be swallowed up soon.

At that time, apart from the Kadoorie surname, not a single hair will be left.

With the Kadoorie family personally involved, the matter was no longer in doubt.

One by one, the shareholders present raised their hands, agreeing to the forced resignation.

“Great! Without further ado, I think we can invite Mr. Chen over now.” The shareholder who initially brought up the decision was immediately invigorated.

Now that we've come this far, there's no need to hide anything.

The news quickly reached Chen Jiajun, and both Wei Li and Chen Jiajun were pleasantly surprised.

Chen Jiajun quickly had a car prepared, and the two went directly to the hotel conference room next door.

"Mr. Chen."

"You've finally arrived."

When everyone saw Chen Jiajun and Wei Li arrive, they all stood up and greeted them warmly.

Chen Jiajun didn't stand on ceremony and sat directly in the head seat at the very top of the long table.

This position is quite significant, but Chen Jiajun is certainly qualified for it.

After sitting down, Chen Jiajun glanced at everyone and said, "I heard that you all called me here because you have something to discuss?"

At this moment, Brandt Kadoorie stood up and said, "Mr. Chen, the group can't continue like this. Laurence Kadoorie doesn't care about the group's life or death at all. We all feel that the group needs a person of substance to lead us out of this predicament."

This statement sounds grand and dignified, but there's nothing wrong with it.

All indications suggest that the Kadoorie family members are not involved in any affairs, and some of their proposals are merely oppositions for the sake of opposition.

Hearing everyone's words, Chen Jiajun revealed a playful smile: "So, you all intend to nominate me as the chairman of the group?"

“That’s right, only Mr. Chen has the ability to turn the tide now,” one shareholder said against his will.

Anyone with eyes can see that these recent events are definitely related to Chen Jiajun.

The reason for choosing Chen Jiajun is simply that Chen Jiajun has the ability and confidence to take over.

Hearing everyone's words, Chen Jiajun smiled and said, "Since everyone is so kind, as the company's major shareholder, I won't be pretentious. But... will everyone really stand with me?"

Chen Jiajun's eyes were sharp; anyone caught in his gaze felt as if they were naked.

These eyes can see right through people's hearts.

Upon hearing this, no one dared to answer rashly.

People's hearts are unfathomable; even if they think this way, how can they know what others are thinking?

If someone stabs them in the back, wouldn't they have wasted their time?

Chen Jiajun understood this principle, so he said calmly, "I have a topic to discuss..."

Chen Jiajun is a very cautious person.

“Mr. Chen, please speak,” Brandt said immediately.

After tapping the table and pondering for a moment, Chen Jiajun addressed the group, saying, "I am aware of everyone's situation. Due to the chaos caused by the company, everyone has suffered considerable losses recently."

At this point, everyone present shook their heads and gave a wry smile.

It's not just a small amount; under Chen Chia-Chun's manipulation, every share of CLP Power has almost fallen below ten dollars.

Compared to the original stock price, this directly halved their net worth.

Moreover, it is still decreasing.

What's even more infuriating is that, because of Laurence Kadoorie's contract, it's extremely difficult for them to sell their shares.

Chen Jiajun continued, "Therefore, in order to compensate everyone for their losses, I can acquire the shares held by you at a 100% premium. What do you all think?"

“Acquisition? Mr. Chen, as far as I know, we have a contract. It seems you can’t directly acquire him, can you?” one of the shareholders said in a low voice.

It wasn't that they were reluctant to part with their shares; on the contrary, they desperately wanted Chen Jiajun to acquire them.

Chen Jiajun acquired the property at a 100% premium. Although they didn't make a profit, they were at least able to break even.

The problem is, the restrictions imposed by the Kadoorie family are just too disgusting.

Even though there are sellers willing to make offers, they still can't sell.

Otherwise, they would have sold their shares to Chen Jiajun long ago.

Upon hearing this shareholder's question, everyone looked at Chen Jiajun.

The restrictions imposed by CLP Power are very strict, and it is clearly unrealistic to expect a few shell companies to acquire these shares.

If this is discovered and reported to the China Securities Regulatory Commission, even Chen Jiajun will be in serious trouble.

However, there is another way to solve this problem: borrowing a boat to go to sea.

This involves having an overseas third party take over the equity held by these shareholders.

However, there are two very important issues with doing this, the first being the issue of funding.

Chen Jiajun naturally had a way to deal with this. His Guojun Group already had some international business, so transferring money that had nothing to do with him was too easy.

The second point is whether the other party will stand with Chen Jiajun against Kadoorie after acquiring these shares.

Chen Jiajun has already made preparations for this.

The goal is to use companies from Boni Island to handle this matter.

Anyway, Chen Jiajun already considers Brunei Island to be his own, so even if something goes wrong, he can just take it back.

So, in response to these shareholders' questions, Chen Jiajun smiled and said, "What do you all think?"

(End of this chapter)