We're building a super chaebol in Hong Kong

"Mr. Su, please have a seat," Wesley said politely upon seeing Su Cheng.

After all, they had met the day before and had a conversation, and he knew that Su Cheng would not casually interfere with their management of Hutchison Whampoa. Therefore, Wesley no longer felt any aversion to Su Cheng.

In fact, although HSBC had supported Wesley in many decisions, if they encountered decisions that conflicted with HSBC's interests, HSBC would oppose them without hesitation.

So, if it weren't for HSBC, Wesley felt he could have developed Hutchison Whampoa even faster.

Su Cheng nodded and naturally sat down in an empty seat in front.

As the chairman and chief executive officer of Hutchison Whampoa's board of directors, Wesley naturally sat in the seat of honor, and Su Cheng's seat was next to him, where Sir Philip had originally sat when attending meetings, but now it had become Su Cheng's seat.

"I am Richard, the executive vice president and vice chairman of the board," said a Westerner who looked a bit older, standing up from the seat next to Su Cheng.

"I am Howard, the business director."

"I am Peter, the government affairs director."

"I am Brandt, a shareholder and director."

…

Including Su Cheng, there were only 15 people in the entire conference room, mainly senior executives from Hutchison Whampoa. In fact, there were only 6 shareholders serving as directors, including Su Cheng.

This shows that there were not many people who could control Hutchison Whampoa's shares and truly form a significant force.

Whether it was Richard, Howard, or Peter, Su Cheng had already obtained their information from Xiao Ai.

In the world before Su Cheng's transmigration, after Li Ka-shing ousted Wesley, these three people were in charge of the entire Hutchison Whampoa, forming the troika of Hutchison Whampoa's new management team.

Under their management, Hutchison Whampoa continued to develop rapidly at its previous pace, which shows that these people's management abilities were also very strong.

However, their current positions were actually the management team built by Wesley.

Su Cheng didn't want to learn too much about senior management for the time being, but instead focused on the other five shareholders.

In the time of John Cowperthwaite, Hutchison International had many more powerful shareholders than now, but in the later period of Cowperthwaite's tenure, many shareholders chose to withdraw their shares because they were no longer optimistic about Hutchison International, resulting in not many shareholders who could stand up on the stage, and more of them were small shareholders.

And these five shareholders were all individual shareholders who did not withdraw in time during Cowperthwaite's time.

Their shares were not that many. The highest was only 6.8%, and the lowest was only about 2.5%. The shares of the five people added up only accounted for 21.5% of the entire Hutchison Whampoa's shares, which was not as much as the shares that HSBC sold to Su Cheng.

This was also the reason why HSBC only controlled 22.4% of the shares before, but had such a high say in Hutchison Whampoa's board of directors.

If the shares of these five people could be sold to him, then Hutchison Whampoa could be taken over.

Su Cheng currently actually controls 65.8% of the equity, which is not far from the 75% required for privatization. If he takes over their shares, it can be regarded as overfulfilling the task.

"Everyone must know about this board meeting. I have already distributed the articles of association. As a major shareholder of Hutchison Whampoa, Mr. Su Cheng will next serve as an executive director of Hutchison Whampoa's board of directors. I hope everyone can work together happily and develop Hutchison Whampoa better," Wesley said directly.

This kind of decision does not require a vote at all, because Su Cheng's shares determine that this position must be his.

Wesley is the chairman of the board, that is, the chairman of Hutchison Whampoa.

Many people are not clear about the difference between the positions of "chairman of the board" and "executive director."

First of all, the chairman of the board and the executive director are different positions. In Hong Kong enterprises, the chairman of the board refers to the chairman.

Secondly, the responsibilities of the chairman of the board and the executive director are also different. The chairman of the board is mainly responsible for presiding over board meetings and ensuring that the company's decisions comply with the requirements of laws, regulations, and the company's articles of association.

The executive director is responsible for the company's daily operation and management, and under normal circumstances, directly participates in the daily operation and management of the enterprise.

Of course, since Su Cheng does not intend to interfere too much in Hutchison Whampoa's affairs for the time being, his current position is actually just a nominal one.

In fact, the positions of chairman of the board and executive director of many large enterprises are held by the same person.

It's just that Hutchison Whampoa is relatively special. The former major shareholder, HSBC, and the current major shareholder, Su Cheng, did not directly participate in management, so the title of chairman was given to Wesley.

"Mr. Brandt, let's exchange contact information. We are both shareholders of Hutchison Whampoa, so we can contact each other often if something happens."

"Mr. Claire, let's exchange business cards. This is my business card. You can contact each other if something happens."

"Mr. Allen, … …"

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At the end of the meeting, Su Cheng approached the five shareholders and directly asked for their contact information.

Now that the goal is about to be completed, he has to take the initiative to move faster.

With the shares that Su Cheng currently controls, no one can actually take Hutchison Whampoa away, but Su Cheng's goal is greater, he wants to privatize Hutchison Whampoa.

Hutchison Whampoa, an old British trading house with an estimated asset value of 5.8 billion, completely taking it down will make Su Cheng's future path smoother.

Because Hutchison Whampoa's 180 subsidiaries almost cover all walks of life in Hong Kong.

With Hutchison Whampoa, he will have a very good foundation no matter which direction he develops in.

For example, in the real estate industry, there is Hutchison Property;

In the retail industry, there is Watsons, and there is ParknShop Supermarket;

In the wharf, there is Whampoa Dockyard;

In the mining industry, there is Anderson Quarry;

In the wharf warehouse, there is China Provident… …

It can be said that Hutchison Whampoa is involved in industries that are closely related to the people of Hong Kong.

Su Cheng naturally does not want to miss the privatization of such an enterprise.

When he completely owns Hutchison Whampoa, Su Cheng will have a certain foundation no matter which direction he wants to develop in.

This is very nice.

Controlling Hutchison Whampoa is much better than Su's Group.

Of course, there is no point in comparing the two, after all, Hutchison Whampoa is much larger than Su's Group.

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