Legend of Xiangjiang Tycoon

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Hong Kong Dragon Airlines, eager to soar into the sky, has always been stuck on the ground, unable to spread its wings, and its capital consumption is extremely alarming. Every January, all shareholders have to "blood transfusion" emergency.

In January 1987, the capital was increased to 400 million Hong Kong dollars, and in April 1988, the capital was increased to 600 million Hong Kong dollars.

Executive head Cao Guangbiao said: The monthly loss is about 5 million Hong Kong dollars.

In September 1988, Dragonair finally obtained the official approval from Beijing and Xiangjiang to start non-scheduled charter flights between Hong Kong and Beijing and Hong Kong and Shanghai. Dragonair is expected to turn a profit.

But as early as more than a year ago, the Shi Huaiya brothers saw that Dragonair was about to take off, so they gave Dragonair a blow first, and approved new shares of Cathay Pacific to the leading Chinese capital. In this way, the British-owned Cathay Pacific is not only localized, but also has a Chinese-owned background. The Chinese capital background that Cao advocated is no longer a threat.

So, why doesn’t the leading Chinese-owned company support Hong Kong-owned Hongkong Dragon, but “conspires” with the old British-owned Swire and “magnificently” serves as the director of Cathay Pacific?

In 1993, Huazi said in an interview with reporters: "We have analyzed it for more than six months and feel that Cathay Pacific has a good profit prospect, a sound operation, and an excellent management team."

"We have also seen that to develop in Heung Kong, we must not only cooperate with Chinese capital, but also step up cooperation with British capital. We cooperate with Cathay Pacific and Swire Pacific, and feel that they have a system, and it is easy for the two sides to have a common language. Then we became good friends, and not just at work."

In this battle, the leading Chinese capital spent HK$1.3 billion to purchase 12.5% ​​of Cathay Pacific, of which HK$800 million was specially approved by the capital.

Public opinion agrees that the Shi Huaiya family is a master of current affairs. Dragonair and some media slammed Cathay Pacific for enjoying most of the intangible benefits of the British Hong Kong authorities.

The combination of Cathay Pacific and Chinese capital made Dragonair's already abundant and unreliable advantages disappear. Now only pure commercial competition remains.

At its peak in 1990, Dragonair owned and leased 4 Boeing 737 aircraft, each carrying 126 passengers; Cathay Pacific owned 49 Boeing 747 aircraft, each carrying 490 passengers, and plans to order 11 more Boeing 777 aircraft. Dragonair has only two routes to Beijing and Shanghai, and they are non-scheduled flights; Cathay Pacific has as many as 60 routes, most of which are golden routes to international metropolises. Of course, Dragonair is a small company with a small business, and the two routes operate well, which is still profitable.

Dragonair's routes are all in China, while Cathay Pacific's routes are all over the world. The depression of China's tourism industry does not pose much threat to Cathay Pacific.

According to the report, the passenger load factor of Dragonair's chartered flights was only 36%, while the average passenger load rate of all Cathay Pacific flights in the same period was 70%.

According to the "balance of payments" theory of international civil aviation, the passenger load factor needs to reach 50% to 70%. Dragonair's loss is self-evident.

In view of this situation, Bao Yugang, who was in poor health, was even more dissatisfied. He resigned as the chairman of Dragonair, and his son-in-law Su Haiwen took the post.

In January 1990, Cao Guangbiao will increase capital to buy aircraft again, intending to fight to the death with Cathay Pacific Airways.

Bao Yugang suddenly decided to "give up" Dragonair's shares to Cao Guangbiao, and specified that the shares must be transferred to Rong's.

What is the price of Pao's shares? Bao did not disclose. Cao Guangbiao transferred Bao's shares to Rong's, but Rong did not become a shareholder and director of Dragonair, but "sold" the shares of Dragonair to Cathay Pacific.

Mr. Bao retired, shaking the morale of other shareholders, and they also sold their shares. By the end of January 1990, Cathay Pacific had controlled 35% of the shares of Dragonair, becoming the largest shareholder of Dragonair, and Dragonair had also changed from a competitor to a subsidiary of Cathay Pacific.

Bao did not provide an explanation for his actions. He designated the share transfer and Rong's, and the purpose of allowing Cathay Pacific to control Dragonair is already obvious. Some people think that Dragonair can only survive as a subsidiary of Cathay Pacific Airways - and it is true.

Under the "protection" of Cathay Pacific Airways, the strength of Hong Kong and Yugoslavia has greatly increased, and it has obtained route licenses for three cities in Thailand, five cities in Japan and 24 cities in mainland China, and some routes have officially opened.

In addition, the routes of more than ten Asian countries and regions, including the Gulf, India, and Vietnam, have also entered the stage of negotiation and implementation with the assistance of the aviation regulatory agency of the Hong Kong government.

This was not the original intention of Cao Guangbiao to initiate the creation of Dragonair. Cao's enthusiasm for "revitalizing the national aviation industry" was in vain.

So from all aspects, Cao Guangbiao can be regarded as an object that can be won.

"Old Zheng, contact Taikoo Foreign Firm and tell me that I intend to visit Mr. Shi Huaiya and make an appointment with them!" Li Zhiwen said.

"Yes, boss, I'll arrange it right away!" Zheng Chao said and left the office.

Li Zhiwen's move is very simple, first stabilize a certain supply of goods, and then seek opportunities to fight back.

Of course, Swire Pacific is a way to fight back, and seeking sources of goods from outside the port is also a way.

Of course, it happens that tomorrow I will sit down with the major ship kings. Although they are not engaged in the textile industry, they have been engaged in the shipping industry for many years and have contacts in the ports of each country. They should be able to find some textile freight.

When Li Zhiwen was thinking, he felt the softness from his temples.

Li Zhiwen looked very relaxed, stretched out his hand and grabbed it backwards, and quickly grabbed the perpetrator into his arms.

The instigator didn't struggle, but lay down on Li Zhiwen's chest, and whispered, "Boss, a guy named Liu Luanxiong is visiting."

Today's duty secretary is Li Lingyu, but no one can delay Li Zhiwen's fun.

"Liu Luanxiong? Why is this guy here?" Li Zhiwen asked frowning while playing with the little white rabbit.

"The boss knows? Then I'll let him in quickly!" Li Lingyu made a gesture to leave Li Zhiwen's arms.

Li Lingyu has never met Liu Luanxiong. In fact, if Li Lingyu pays more attention to his work, he will naturally know who Liu Luanxiong is.

But it's a pity that Li Lingyu's main job is not these, and Li Zhiwen's strength doesn't need to pay attention to these people.

"I've heard the name, don't worry, let him wait outside, let's relax with him first!" Li Zhiwen was unwilling to let Li Lingyu leave.

Work, work, both work and work.

"Then I'll call the front desk and ask them to arrange for Mr. Liu to sit down for a while!" Li Lingyu said.

Li Zhiwen didn't take it seriously, and didn't pay attention to Li Lingyu's movements, but was galloping the horse with whip and whip.

......

In the reception area of ​​the Zenith Group headquarters lobby, Liu Luanxiong raised his arms more than once to check his watch, with anxious eyes showing.

It's not that Liu Luanxiong has no concentration, in fact, the waiting time is too long, almost an hour has passed.

And Liu Luanxiong couldn't leave directly, God knows what will happen after leaving, so he can only wait passively.

"Mr. Liu, please come with me. Mr. Li wants to see you." Li Lingyu, who had already changed into a professional skirt and looked radiant, walked up to Liu Luanxiong and said.

"Okay, okay, thank you!" Liu Luanxiong said and hurriedly followed.

After the battle, Li Zhiwen was lying on the boss's chair thinking about something.

I don't know if I am recalling the intensity just now, or thinking about the reason why Liu Luanxiong came.

Soon the office door opened, and Li Lingyu walked in with Liu Luanxiong.

"Mr. Liu, please sit down!" Li Zhiwen didn't get up to greet him, but sat on a chair and said.

In fact, there are very few people in Xiangjiang who need Li Zhiwen to greet them in person. It is a pity that Liu Luanxiong is not among them.

Liu Luanxiong sat down according to his words.

"Ayu, take out the Longjing tea I brought back to entertain Mr. Liu!" Li Zhiwen said.

"Yes, boss!" Although Li Lingyu was puzzled, she still agreed.

The Dragon Well that Li Zhiwen mentioned was brought back by Li Zhiwen when he was in the mainland, and he said it was tribute tea or something.

Li Lingyu didn't understand what was so strange about Liu Luanxiong that it was worth Li Zhiwen's tribute tea, since a boss like Bao Yugang didn't use it very often.

"Mr. Liu, I specially brought this tea back from the mainland. It's very good. You can try it later!" Li Zhiwen said to Liu Luanxiong.

"Thank you, Mr. Li!" Liu Luanxiong said.

"Mr. Liu, I don't know why you came here?" Li Zhiwen cut to the chase.

Liu Luanxiong was surprised for a moment, then quickly adjusted, and said, "Mr. Li, I want Kirin Securities to help promote Amergo's listing."

Liu Luanxiong was surprised by Li Zhiwen's way of speaking, but his own ability was there, so he quickly reacted.

Li Zhiwen heard Liu Luanxiong's words, and murmured in a low voice: "Aimeigao!"

Li Zhiwen repeated Aimigao, but his thoughts had drifted far away.

There are quite a few nicknames for Liu Luanxiong: stock market killer, stock market sniper, stock market killer, stock market disaster star, bone dismantling expert, Liu Bazhuo, working god, water pump, business hero...

Hearing these scary nicknames, gods weep and ghosts worry, let alone people!

Therefore, there is a popular saying in the Xiangjiang stock market: If Liu Luanxiong is eyeing any listed company, the board of directors of that company will definitely have a headache.

Mr. Bao's acquisitions cost one billion or two billion at every turn. He is playing with real guns and live ammunition, and he is aiming for the experience.

Liu Luanxiong's acquisition is true or false. He first absorbed a considerable amount of shares and then launched an acquisition offensive.

The acquired company was like a catastrophe, fearing that it would not be able to avoid it, so he had to buy back the shares from him at a very high price. Liu Luanxiong would control the company if he succeeded, and if he failed, he would make huge profits. Liu Luanxiong's method is also called "green blackmail". The amount can range from tens of millions to hundreds of millions, and the strict Xiangjiang laws are of no use to him!

Isn't Liu Luanxiong afraid of being cursed and notorious? Liu Luanxiong is not afraid, if he is afraid, he will not do it.

There is a saying that "If you want to be a sniper, you are afraid that your reputation will not be bad." If it is a benevolent person, some people would like to be invited to the board of directors, or even transfer the company. In this way, Liu Luan and Xiong Jun's "green blackmail" is dead?

In 1973, Liu Luanxiong and Bao Yongqin met and fell in love at the University of Toronto, Canada. Liu's ancestral home was in Chaozhou, Guangdong Province, and his father was a well-off electric fan manufacturer in Xiangjiang.

Bao Yongqin was born in a family of civil servants in Xiangjiang, with an average family background. She relied on a work-study program to go to college.

Bao Yongqin chose the "not handsome, not tall" Liu family, not for the money of the Liu Luanxiong family. In Xiangjiang, the Liu Luanxiong family is not considered a wealthy family. What Bao Yongqin likes is that Liu Luanxiong will become a great weapon in the future .

After graduation, Liu Luanxiong and Bao Yongqin both returned to Hong Kong and got married immediately. Liu Luanxiong is involved in the family business and does not "bit the strings" with his father.

The family's ceiling fans have been sold to the hot Middle East, and Liu Luanxiong insisted on developing the market in North America. Liu Luanxiong's proposition was ridiculed by his family and friends. The climate in large areas of North America is cold, and air-conditioning has long been popularized. It is undoubtedly a madman to sell electric fans there.

"Crazy Liu" broke up with his family.

In 1978, the Lius collected and accumulated, sold a residential unit owned by Mrs. Liu as a dowry, and established Ai Mei Gao Company with less than 500,000 Hong Kong City to produce antique fans.

During the two oil crises in the 1970s, the governments of the United States and Canada called for energy conservation, coupled with people's nostalgia, Liu's antique electric fans became a hot seller in the United States and Canada. Liu Luanxiong also won the nickname of "Fan Liu".

In 1983, Amergo went public with a capital of HK$1.75 trillion. It was an industrial stock with great potential at that time.

In the minds of stockholders, Amergo is a real manufacturing company, and Liu Luanxiong is a self-confident industrialist. Who would have thought that Amygo would become a demon entrenched in the stock market in the future after its listing? Make waves in the stock market, so that there is no peace in the market?

At the beginning of 1985, Liu was sensitive to the possibility of the stock market falling in the near future, so he resolutely sold the shares of Amygo at a price of 2.04 Hong Kong dollars. "Aizi" Amygo no longer had the surname Liu, and Liu and his wife both resigned from the top position of Amygo .

Liu day and night hope: fall, fall, fall, fall - sure enough, half a year later, the small and medium-sized stocks will slide down like an iceberg, and the slide will make people turn their backs. Mrs. Liu came out to clean up the mess, and vigorously absorbed individual stocks at a price of 0.7 Hong Kong dollars, and obtained 34% of the controlling stake in Amergo, and "vigorously" regained the lost head of Amergo.

In January 1986, Liu Luanxiong got involved in Nengda Stocks. At this time, Liu had just won the Amy High competition, and he was full of ambitions.

It was August 1983 ~www.readwn.com~ that Mr. Liu focused on this prey, Zhuangtu Group listed the shares of Nengda Technology Company. At the time when the telephone market in the United States was opened up, Nengda shares were outstanding, and the premium of the stock offering was HK$2.8. Shortly after listing, Riding Bull climbed to the peak of HK$5.6. Suddenly the stock market became weak and bearish, and Nengda plummeted to the bottom of HK$0.64.

Chuang's Group controls 75% of its shares, and the head of the group is no ordinary person. Before the plunge, he sold a large number of stocks to cash out.

Zhuang Shi was lucky to lose little, but his shareholding was greatly reduced. In the summer and autumn of 1985, the stock market was in a downturn, and he only held more than 20% of the shares.

The Liu family quietly absorbed the shares of Noda, and when the controlling share exceeded 20%, the flames of war suddenly ignited, announcing the acquisition of Noda, and hired Liang Botao as the consultant and spokesperson of Amergo.

Liu's "struck the grass to scare the snake", Zhuang Shi hurriedly took up the challenge. Since the market value is far lower than the actual asset value, the acquisition is not good for Zhuangshi, and tens of millions of undervalued assets will be lost.

After the start of the takeover battle, the share price of 0.55 Hong Kong dollars jumped to 0.80 Hong Kong dollars. On November 15th, Liu Luanxiong was aggressive and proposed to hold a general meeting of shareholders in the name of the major shareholder, and Amy Gao must send 6 people to the board of directors.

Nengda said it was unacceptable and regarded Aimico as a scourge. Now, the only good way to stop Amergo is to buy the 21.3% stake in Nengda controlled by Mr. Liu at a new high price - which is exactly what Mr. Liu expects.