Legend of Xiangjiang Tycoon
Chapter 312: Hong Kong Telecommunications Corporation
After the reception, since the support of Ms. Margaret, even though the Wirtz family was unwilling, they still did not dare to disobey Margaret's lady, so Li Zhiwen still bit a piece of meat from this privatization party. .
After the reception, the Wieltz family acquired 51% of the British Great East Telegraph and the remaining 49% was held by the British government. But at this time, the British Great Eastern Telegraph was a company after it divested its Hong Kong business. Instead of the previous one.
As for the Hong Kong business after the divestiture, since these businesses were not listed separately, the British Treasury Department did not know much about the situation in Hong Kong, and underestimated the assets of this part. Coupled with the silence of Governor Merrihau, Li Zhiwen only used 1.5 100 million pounds to buy it down, and this part of the assets, Li Zhiwen will set up a corporate director called Hong Kong Telecommunications Company.
The Hong Kong Telecommunications Company will rectify after Li Zhiwen returns to Hong Kong, and then go public. After the listing of the Hong Kong Telecommunications Company, the Government of Hong Kong holds 15% of the shares of the Hong Kong Telecommunications Company, which is 20% of the shares of the Hong Kong Telecommunications Company before the Government of Hong Kong. After the shares are diluted, Li Zhiwen holds 65% of the shares of the Hong Kong Telecommunications Company, and the remaining 20% of the shares will be held by shareholders in accordance with the Hong Kong Patent Law, making the Hong Kong Telecommunications Company a publicly listed company.
Of course, this is only on the surface. In fact, Hong Kong Telecommunications Company is controlled by Li Zhiwen. Li Zhiwen will use multiple companies to control Hongkong Telecommunications Company. Take one eye open and close one eye.
And when the Hong Kong Telecommunications Company was listed, Li Zhiwen could also recoup a portion of the funds by relying on the 20% of the shares placed, which is almost like a white pick.
Everyone may think that 150 million pounds is a bit too much. This is also as much as 1.2 billion when converted into Hong Kong dollars. Li Zhiwen's deal is not a good deal, but you can understand by giving you a reference.
There were two companies operating telecommunications and telephone business in Hong Kong. One of them was the Hong Kong Telephone Company, which is a real Hong Kong public listed company.
The Hong Kong Telephone Company can be traced back to the establishment of the first telephone exchange building (operated by an operator) in Hong Kong in 1882, and the establishment of Chinese and Japanese telephone and power companies under the leadership of the British Far East to operate telephone business.
In 1925, the Hong Kong Telephone Company, which was granted a government patent, was established and took over the company.
In the 1930s, local calls changed to automatic dialing, and international calls were still manually wired.
In the past life, the Land Group, which lost the Wharf, abandoned the conservative, prudent, and prudent strategy that it had always pursued in the stock market, and turned to aggressiveness, impatience and speculation.
So in December 1981, the Land Group and Jardine Special Investment Co., Ltd. launched the "Dawn Assault" operation and purchased 20 million shares of the Hong Kong Telephone Company in the stock market at a price not exceeding 32 Hong Kong dollars per share. It accounts for 21.9% of the issued shares of Hong Kong Telephone.
After this acquisition, the Land Group and Jardine Special Investment Company, together with the stocks they already own, accounted for about 34.9% of the issued shares of Hong Kong Telephone Company, and became the veritable major shareholders of Hong Kong Telephone Company.
In other words, at this time, the total market value of the Hong Kong Telephone Company was about 3 billion Hong Kong dollars, which was equivalent to 375 million pounds in British pounds.
While the Land Group and Jardine Special Investment Company tasted the sweetness in the acquisition of the Hong Kong Telephone Company, they once again launched the "Dawn Assault" operation to capture the Hong Kong Electric Group.
Of course, in this time and space, Jardine International Holdings certainly can no longer start with the Hong Kong Electric Light Group. After all, at this time, the Hong Kong Electric Light Group is Li Zhiwen’s industry, and Li Zhiwen’s shares are as high as 60% or more.
Although Li Zhiwen is also very thoughtful about the Hong Kong Telephone Company, Li Zhiwen will not start at this time, otherwise it will only increase the suspicion of Mai Lihao and the Governor's Office.
Let’s wait until Jardine International is stuck in the quagmire before taking action. At that time, it is not Li Zhiwen who will do it, but Jardine International will beg Li Zhiwen to do it.
And another Hong Kong telecommunications company is the Hong Kong business of the British Telegraph Bureau, the predecessor of Li Zhiwen’s Hong Kong Telecommunications Company.
In 1965, the first international modern cable was put into use.
The cable was connected in parallel with the telecommunications network of the Great East Telegraph Bureau of the United Kingdom. In 1976, Hong Kong opened international direct dialing.
Since then, microwave systems, satellite communications, optical fiber and digital conversion have been applied to the telecommunications industry in Hong Kong.
Hong Kong telegraph business, born in 1871, was originally a cable telegraph.
The telegraph business is the British Great East Telegraph Bureau. Its business has developed from general wireless telegraphy to modern graphic fax, data communication, computer communication, international telephone, radar navigation, satellite transmission and so on.
In other words, for the Hong Kong Telecom phone business at this time, the Hong Kong Telephone Company is responsible for local calls, while other international calls are handled by the newly established Hong Kong Telecom Company.
The scales of these two giants are similar, and even the scale of the Hong Kong Telecom Company is larger than that of the Hong Kong Telephone Company~www.readwn.com~ After all, Hong Kong is slowly transforming into an international metropolis at this time, and international calls are becoming more and more important. More and more come.
The smaller Hong Kong telephone companies have a market value of 3 billion Hong Kong dollars. What is the market value of the larger Hong Kong telecom companies? At least 3.2 billion Hong Kong dollars (400 million pounds) or less, so Li Zhiwen bought the Hong Kong business of Dadong Telegraph Bureau for 150 million pounds, which is really at the price of cabbage.
Another thing to say is that in 2000, the British Telegraph Company was preparing to withdraw from the Hong Kong market, so they prepared to sell the Hong Kong Telegraph Company controlled by the British Telegraph Company. The Hong Kong Telegraph Company here is already the Hong Kong Telephone Company and the Hong Kong Telegraph Company. The Hong Kong Telegraph Office is a combination of Hong Kong operations, and it is the only telecommunications company in Hong Kong.
At that time, the Hong Kong Telecommunications Company had 14,000 employees and had annual revenue of 4 billion U.S. dollars.
And Li Jiacheng's stupid son Li Zekai made unsecured loans from 30 banks, and finally ended up with a price of 12 billion US dollars, equivalent to 100 billion Hong Kong dollars, which is properly half of Li Jiacheng's worth at the time.
Although the Hong Kong dollar was worthless at the time, the 100 billion Hong Kong dollar equivalent to the British pound was also 8 billion pounds. This shows how promising the Hong Kong Telecommunications Company is.
And Li Zhiwen's idea is also the same. First, the Hong Kong Telecom Company will be sorted out and reorganized, and we will wait for Jardine Matheson to start the Hong Kong Telephone Company, and Jardine Matheson will act as a white glove to achieve the goal of unifying Hong Kong's telecom industry.
Of course, Jardine Matheson would not be willing to be a white glove, but Li Zhiwen has his own way to deal with it.
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