Chapter 398: The Governor of Hong Kong is panicking?

Cheung Kong Holdings took a positive attitude towards finally purchasing the land in other ways instead of paying cash.

Yes, even though Cheung Kong Holdings is John Bull's white glove, its own size is ultimately limited. Being able to borrow tens of billions of cash from several banks to purchase the land of Great Wall Holdings has long exceeded what he can afford and the upper limit of its market value.

Fortunately, the Li family of Cheung Kong Holdings decisively adopted the strategy of not eating alone, but instead brought in several other real estate companies to participate in the game together and share much of their burden.

Otherwise, with the pitiful size of Cheung Kong Holdings, it would be an impossible task to swallow up the huge amount of land reserves of Great Wall Industrial like a whale.

Even so, Great Wall Industrial currently still has several high-quality pieces of land, as well as land in inferior locations.

But even those that are slightly worse are just the new districts currently planned by the Hong Kong government and the areas to be developed in the future. Compared with the current mature areas in Hong Kong, they seem less important and valuable.

Therefore, Hutchison Communications was readily exchanged by the Li family to Great Wall Industrial.

After acquiring Hutchison Communications, Yang Zhongwei also secretly joined forces with CITIC and China Merchants Group to acquire the shares of Island Telecommunications Limited scattered in the market, causing its share price to more than double in a short period of time.

The next step is to directly contact shareholders who hold a small portion of the telecommunications company's shares and buy out their shares at a premium.

Although Great Wall Industrial's influence in Hong Kong Island has now dropped to freezing point.

But even so, Great Wall Industries is still a giant enterprise in Hong Kong Island, not to mention the connections and favors that Great Wall Industries has made during its development.

This caused the small shareholders of Hong Kong Island Telecommunications Company to quickly sell off their shares.

Less than half a month later, Great Wall Industrial, together with CITIC and China Merchants Group, had already controlled 57% of the shares of Hong Kong Island Telecommunications Company.

Now that controlling rights have been acquired, it is only natural to announce the convening of a shareholders' meeting.

However, Yang Zhongwei did not directly announce his request for a shareholders' meeting. Instead, without alerting anyone, he went directly to the largest shareholder of Hong Kong Island Telecom, the Wang family.

Faced with Great Wall Industrial, which held a controlling stake, the Wang family quickly recognized the reality and decisively sold their shares at the premium offered by Yang Zhongwei.

However, Great Wall Industrial does not have senior management talents related to the communications industry.

So according to Fang Xiang's instructions, Wang Weiji was given 5% of the shares and remained as general manager.

At this point, Hutchison Communications and Island Telecommunications began the merger and name change process, and the new company was named Great Wall Communications.

Another week later, with almost no one noticing, Great Wall Communications was established and integrated.

Overnight, the signboards of all telecommunications companies in Hong Kong were changed to Great Wall Communications. Only then did the citizens of Hong Kong realize that the telecommunications company had changed its name.

However, this change in equity and company name did not have any impact on the citizens.

Instead, in order to celebrate the establishment of the new company, a cheaper and more comprehensive package was launched, which was welcomed by the general public in Hong Kong Island.

At the same time, Great Wall Communications announced that Hutchison Communications and Island Telecom would be delisted from the stock market.

Yang Zhongwei was quite happy when Great Wall Industries officially began to monopolize the communications industry in Hong Kong Island.

But unfortunately, he was only happy for one day.

"Professor, the Hong Kong Island Government's Administrative Council has summoned me for questioning and requires me to arrive before 2:30 p.m."

The day after Great Wall Communications announced that Hutchison Communications and Island Telecom would be delisted from the stock market, Yang Zhongwei brought him a piece of news that made him very depressed.

"The Executive Council? Not the Attorney General or the Chief Secretary?"

Fang Xiang held the microphone in his hand and watched the golden retriever running around in the back garden, playing happily with his son and daughter.

This is what I found a few days ago at the request of my son. I found one with pedigree, but I didn’t expect the price to be so expensive, at 20,000 Hong Kong dollars.

You know, the average income in Hong Kong Island has just exceeded the threshold of 3,000 Hong Kong dollars.

The price of a dog is almost equal to seven months’ salary of a Hong Kong citizen.

Of course, this amount of money is nothing to Yin Qingqiu and Fang Xiang. As long as the child is happy, that's all that matters.

"Yes, it is the Executive Council, an advisory council directly under the Governor. They have no executive decision-making power and are only the Governor's think tank."

Yang Zhongwei also said the same thing on the phone.

"Then it must be our acquisition of the communications industry that made them nervous.

In an informal way, I want to ask what we are going to do.

It’s okay, just say whatever you should say, and don’t say anything you shouldn’t say to them.

If it really doesn't work, you can tell that so-called administrative bureau to have Youde come to my house to talk to me directly."

Fang Xiang sneered.

The previous Governor of the Hong Kong Island Government was Murray MacLehose, who can be said to be one of the most outstanding and most beloved Governors in history.

During his term of office, Hong Kong Island promoted drastic reforms covering all areas of housing, integrity, education, healthcare, welfare, infrastructure, transportation, economy and society, including important policies and constructions such as the Ten-Year Housing Plan, the development of new towns, the establishment of the Independent Commission Against Corruption, nine years of free education, the establishment of country parks, the construction of the subway and local administrative reform.

It can almost be said that the rise of Hong Kong Island was accomplished in his hands.

The subsequent governors of Hong Kong either did not do their job or just rested on the laurels of MacLehose.

The current Governor of Hong Kong, Youde, is clearly several notches lower than MacLehose. His greatest contribution was promoting higher education and the establishment of a representative system in Hong Kong Island.

Oh, by the way, this guy also played a role in the Amethyst incident.

Overall, Yoder is a successful diplomat, sufficiently tactful and experienced.

But in fact, Fang Xiang had long known that Youde was actually a soft persimmon.

It is probably due to his long-term experience as a liaison officer and diplomatic official in Beijing. It is difficult for him not to be soft when facing China.

Therefore, for such a person, Fang Xiang was not worried at all that he would do anything that would be substantially detrimental to Great Wall Industrial.

After all, the agreement to return home has already been signed. If such a trivial matter is brought to the diplomatic level, it is unknown whether this guy can complete this term.

"Okay, I understand professor."

Faced with the confidence given by Fang Xiang, Yang Zhongwei seemed to be emboldened, and his words were obviously much more confident.

"Go on."

After hanging up the phone, Fang Xiang looked at a middle-aged man opposite him.

"Okay, boss."

The speaker was a white man, about forty years old, wearing a decent suit and a tightly tied tie.

His name is Turner Smith, an American who graduated from the Department of Finance at the University of Virginia and has worked on Wall Street for nearly fifteen years.

In 82, Fang wanted to ask Yin Qingqiu to set up a securities trading company, so he spent double the annual salary to poach senior traders from Wall Street.

And now, he is asking the other party to make a detailed report.