Rebirth of the Strongest Tycoon

In the next few days, the street talk was all about Cathay Pacific’s change of ownership and related news.

After the Jiuding Industrial Group won the Cathay Pacific Airways, Wei Li successfully took over the Xiangjiang Aircraft Engineering Company and the Xiangjiang Airport Ground Service Company.

Needless to say, the Hong Kong Airport Ground Handling Service Company. Originally, Xia Yu held a total of 66.5% of the equity, and the remaining 33.5% of the equity, of which 4% It is in the hands of Cathay Pacific Airways, and only 28.5% of them belong to Swire Airlines.

As soon as Cathay Pacific Airways changed ownership, Werry directly transferred Cathay Pacific’s 4% stake in Xiangjiang Ground Services Company to Jiuding Industrial Group.

As a result, Swire Airlines completely lost control of Heung Kong Ground Handling Services Company, leaving Werry to squeeze.

As for Xiangjiang Aircraft Engineering Company, although it is a listed company, stocks are relatively difficult to collect, but who made Xia Yu's early work done well?

Originally, Jiuding Industrial Group and other companies held 44.12% of the equity, plus Cathay Pacific’s 23.42%, which also crossed the two-thirds line.

In fact, the Shi Yahuai family has already lost control of the troika under Swire Airlines.

On the second day of taking control of Cathay Pacific Airways, Werry communicated with Wang Qi and disclosed the shares to the exchange together.

After seeing that the Jiuding Consortium actually accumulatively controlled more than two-thirds of the shares of Xiangjiang Aircraft Engineering, combined with Werry’s remarks that it would not be privatized and the company’s share price was seriously high, the share price of Xiangjiang Aircraft Engineering had fallen even faster. Swire Financial’s losses have further increased, making Shi Yahuai’s family heartbroken.

Just when the eyes of the outside world are attracted by these news.

Xia Yu quietly came to Jiuding Insurance Co., Ltd.

For his own insurance company, Xia Yu has visited very few times, far less than the number of visits to Jiuding Bank and Jiuding Securities.

But this does not mean that he does not pay attention to Jiuding Insurance Co., Ltd.

It’s just because Jason Gregg made him feel at ease that he didn’t need to mention anything, the later "Dutch Wolf" can make the company's business flourish.

Seeing Xia Yu's arrival, Jason Gregg greeted him quickly, and said respectfully: "Chairman, welcome you!"

Xia Yu smiled and nodded, and walked in with Jason Gregg and asked, "Jason, what new progress is there in the company's business development now?"

Jason Gregg thought for a moment and smoothed his thoughts and explained the current situation of the company: “Due to the intensity of competition and market capacity, despite the support of the entire group, the resources within the group have been digested. Now the entire Xiangjiang local Business development outside the group has slowed down."

"So the company's development focus has been officially adjusted to accelerate the implementation of its globalization strategy. It was just discussed and decided on the 6th of last month to expand the company's market across Asia by acquiring local insurance companies in various countries."

"Now, we are still doing the preliminary screening work. Thanks to the help of data from Jiuding Newspaper Company, the screening work is proceeding smoothly. It is expected that the acquisition plan can be officially launched next month."

Xia Yu nodded with satisfaction and commented: "Your direction is correct, but you should note that M&A is not the key. The focus should be on the digestion of resources after M&A."

Jason Gregg immediately replied: "Understand, in terms of the prerequisites for the acquisition, I put resource availability first."

Xia Yu gave him an admiring look and continued to move forward.

If according to the normal historical process, the global insurance industry develops to the late 1980s, there will be a global insurance industry M&A boom.

At that time, through a series of mergers and acquisitions, there will be one global insurance giant, strong Yu Qiang.

However, insurance companies that are limited by capital and cannot intervene in the wave of mergers and acquisitions are either eaten up or left far behind and their market share is robbed.

In the insurance industry, the larger the size of the insurance company, the greater the advantage, and it is really difficult for small insurance companies to compete.

Although Jiuding Insurance Co., Ltd. has consolidated its leading position in Xiangjiang on the basis of the original foundation and with the resources of the entire Jiuding Consortium, Xia Yu knew very well that Xiangjiang was only a small place with a population of several million people. It’s not obvious in the world if it comes out here.

Therefore, before the global M&A wave of the insurance industry has appeared, Jiuding Insurance Co., Ltd. can take the first step, continue to expand its business through mergers and acquisitions, and consolidate its foundation in Asia. Then relying on the basic business of Asia, it can have the confidence to follow Europe and the United States. Insurance giants compete.

For this reason, Xia Yu supports Jason Gregg's plan from the bottom of his heart.

After a while, Xia Yu came to the office.

Immediately after sitting down, Xia Yu wanted to know the current status of the company's business in Hong Kong. He asked Jason Gregg: "Jason, have the development data for the second quarter been calculated?"

Jason Gregg, who was preparing to make tea, immediately stopped his actions and replied: "Chairman, I have already done it. The data for the second quarter is included in the development data for the first half of the year, which happens to be in my desk drawer. Yes, I will bring it for you."

With that said, Jason Gregg immediately walked to the desk, opened the drawer, turned out the company development report submitted by his subordinates a few days ago, walked up to Xia Yu and handed it to him.

"Chairman, look first, I'll make tea."

Xia Yu gave a light hum, and opened the company's half-year development report.

In the first half of 1981, the company achieved premium income of 673 million Hong Kong dollars, a year-on-year increase of 14.5%. The first-year regular premiums reached 127 million Hong Kong dollars, a year-on-year increase of 14.2%, of which the first-year regular premiums for ten years and above reached RMB 42 million, a year-on-year increase of 42 million Hong Kong dollars. Ten one. Renewal premiums reached 433 million Hong Kong dollars, a year-on-year increase of 12.7%. Short-term insurance premiums reached 71 million Hong Kong dollars, a year-on-year increase of 23.9%...

Hong Kong's local insurance premium income was 433 million Hong Kong dollars, accounting for 16.6% of the total premium income share of Hong Kong in the first half of the year... Outside Hong Kong's premium income was 240 million Hong Kong dollars...

The amount of claims in the first half of the year reached 313.56 million Hong Kong dollars...

As of the end of the reporting period, the company's total assets reached 3,154.63 million Hong Kong dollars, and investment assets reached 2.99 billion Hong Kong dollars.

In the first half of the year, the total investment income was 342 million Hong Kong dollars, and the total investment yield was 11.4%, a year-on-year increase of 1.3%; the net investment income was 286 million Hong Kong dollars... …

Total investment income = net investment income + income from the spread of investment assets + gains and losses from changes in fair value-impairment losses on investment assets...

...

After reading the report, Xia Yu has an in-depth understanding of the situation of Jiuding Insurance Co., Ltd.

In the first half of the year, after deducting all costs, the net profit reached an astonishing HK$645.44 million!

And the company's total assets finally exceeded 3 billion Hong Kong dollars, far surpassing Jardine Insurance Consulting Group's period.

This result, seemingly outrageous, actually fits the actual situation of Jiuding Insurance Co., Ltd.

Many companies under the Jiuding Consortium involve too many employees, and these employees have a lot of insurance, and then there is influence radiating.

In terms of auto insurance, Jiuding Insurance Co., Ltd.'s market share has grown by leaps and bounds, all due to the consortium’s leading position in the local auto sales market of Hong Kong and its deployment in the field of auto manufacturing.

There are also construction engineering insurance, marine insurance, fire insurance, personal accident insurance, commodity liability insurance, etc. Relying on the resources of the entire Jiuding Consortium, Jiuding Insurance Co., Ltd. is a strong player in the market share of its opponents.

Under this circumstance, the premium income in the first half of the year was able to occupy 16.6% of the Hong Kong insurance market!

Don't think it is very small. Think about the number of insurance companies in Hong Kong as many as 341, and you can know the gold content of Jiuding Insurance Co., Ltd. in this proportion.

In terms of capital investment, relying on nearly 3 billion investable assets, although the net profit of investment is not as good as the net profit of premium income, it is not far behind, and it has far surpassed most banks, securities, funds, and asset management companies. Up.

In general, this development report made him very satisfied, and Jason Gregg did not disappoint his expectations.

So it is appropriate to leave this matter to him today!

"Jason~www.readwn.com~ The company is developing rapidly, you did a good job!"

After commenting on a sentence, Xia Yu talked about the purpose of coming today: "The company's investable capital volume is no longer small, and the level of investment business is also very high, and there is just one thing left to you."

Jason Gregg readily nodded and replied: "Chairman, please give me your orders!"

Xia Yu said: "It's about the communications market."

"One of the two companies in Xiangjiang’s communications market, Xiangjiang Telephone Company, has been controlled, with a cumulative shareholding ratio of 53.2%, but the remaining shares are in the public market, except for a small part. In the hands of the Hong Kong Government and Swire Financial, so you don’t have to bother about it."

"The key point is the Dadong Telegraph Company. You are responsible for acquiring public shares other than the controlling shareholder and the Hong Kong government."

Jason Gregg narrowed his eyes and asked, "Chairman, to what extent is the acquisition required? Are there any requirements for the operation?"

Xia Yu ordered: "Press down the price as much as possible. There is no upper limit for stock purchases. The lower the cost, the better. You can control the specific intensity."

Jason Gregg nodded in understanding.

Only after a moment of silence and thought, he frowned and raised his personal concerns: "Chairman, I remember that Great Eastern Telegraph, the parent company of Great Eastern Telegraph, has a shareholding ratio of more than 40%. The Hong Kong government also holds 20% of the stock. If we want to acquire and seize control, it will be difficult to succeed."

PS: In the past two days, due to work reasons, there was not enough time to update. I was really helpless. I was very hesitant to face the next plot. I took the fragmentary time to think about it. I finally rationalized the plot and ensured that it was logical. Go round.

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