"Xiao Linsheng used the Dairy Farm Company, a subsidiary of Hong Kong's Hong Kong property, to sponsor his newly acquired Asia Television... Mr. Huo, he's blatantly using public funds for personal gain!"
Newbijian pointed this out bluntly on the phone.
Ho Chun-ting also heard that Newbigin wanted to join forces with him to deal with Kobayashi Tianwang, the controlling shareholder.
Although he had been looking for Xiao Lin Tian Wang's flaws, he was the eldest son of the Huo family, and joining forces with the British to deal with Xiao Lin Tian Wang was something he felt a little ashamed of.
Moreover, he didn't want to be used as a gun so easily by Newbijian.
So, speaking into the microphone, Fok Chun-ting deliberately expressed a hint of helplessness as he said, "Mr. Kobayashi is the majority shareholder of Hong Kong Land Holdings. He makes the business decisions, and as small shareholders, we naturally... have no say in the matter."
When he said this, he deliberately dragged out the last syllable, as if he was really helpless.
However, he changed the subject midway through his speech and said, "But! If the major shareholder disregards the interests of all shareholders and engages in such blatant profiteering, as members of the Hong Kong Land Board, we shoulder the fiduciary responsibility and cannot sit idly by.
We must set things right and correct this abuse of power in a timely manner!
I agree! We must convene an extraordinary board meeting to demand an explanation from Chairman Kobayashi regarding this exorbitant advertising fee!
After hanging up the receiver, Huo Zhen leaned back in the high-backed leather chair, a surge of excitement in his chest almost bursting out.
Chance!
This is a godsend!
Kobayashi Tenwang, Kobayashi Tenwang, you have been smart all your life, but this time you finally lost your mind!
Ten million Hong Kong dollars to sponsor a newly acquired messy TV station?
Or is it using the money from the oldest dairy company under Hong Kong Land? It's simply because they think their position is too secure!
"Aqiang!"
He pressed the intercom button, his voice tinged with unmistakable excitement, "Get ready immediately! First, sort out the provisions in the Landmark Company's articles of association regarding related-party transactions and shareholder rights protection, especially those restricting the abuse of power by major shareholders!"
Second, collect the regular price list of recent dairy company advertising and market data on Hong Kong TV advertising costs!
Third, contact a few newspapers you have good relationships with... No, the more the better! Spread the word: Hongkong Land Group Chairman Kobayashi Tenmo is suspected of abusing his power to illegally transfer profits to Asia Television, his wholly-owned subsidiary, through exorbitant advertising contracts! The amount is as high as HK$10 million! Make the headline eye-catching, emphasizing the words 'exorbitant prices,' 'profit transfer,' and 'harm to the rights of small shareholders!'
Although Newbijian's call to collude with him must have had some bad intentions, intending to let him be the first to deal with Kobayashi Tianwang.
But, to be honest, this is what Ho Chun-ting is trying to do now. Newbigin has given him such an opportunity, and he has colluded with other directors on the board of directors. If he then takes action, it will not be easy for him to pass the test of Kobayashi Tenwang.
Not to mention, Peter Ho contacted so many newspapers and media outlets to exaggerate and emphasize the unreasonableness and illegality of the sky-high advertising fees, so that Kobayashi Tenmo would be nailed to the pillar of shame by public opinion across Hong Kong before he even took the judge's seat on the board of directors!
Since Newbie wanted to use him as a gun, he would definitely have to pay some price. Ho Chun-ting planned to successfully launch an attack at the board meeting tomorrow, forcing Kobayashi Tianwang to back down, and then take the opportunity to arrange more of his own middle and senior management personnel to the Hong Kong Land Group. Newbie and other British directors must support him.
Although the Huo family lost control of the Jardine Matheson Group to Kobayashi Tianwang last time, the Huo family had both the financial resources and the time and preparation to first obtain the position of director, then constantly add sabotage to the mix, and then seize control in one fell swoop.
At the same time, on the top floor of Jardine House, Newbigin put down the receiver, and a sinister smile of success finally appeared on his tense face.
The gun that Huo Zhen holds is indeed very useful and it ignites at the slightest touch.
He then called several important directors of the country's land. Without exception, these business veterans with a keen sense of smell, upon hearing about this, smelled the scent of a storm and an opportunity to check and balance the major shareholder, and expressed their support for convening an extraordinary board meeting to conduct questioning.
"Okay, very good."
After Newbijian hung up the last phone call, he felt relieved.
Tomorrow, at the board meeting, Ho Chun-ting will be the sharpest spear. He only needs to sit back and watch how Lin Huowang deals with the fire that he himself ignited.
At this moment, the dedicated phone on the side rang again. This was a dedicated line directly connected to the top floor of the HSBC Building. The only person who was qualified to call him was the Hong Kong Island's Emperor Shen Bi.
And at this time, Shen Bi called him, it must be something urgent.
"Boss Shen Bi, good evening."
Niu Bijian answered the phone and spoke in a calm tone.
"Sir Newbigin, what do you think about Mr. Kobayashi using the Dairy Farm subsidiary of Hong Kong's Hong Kong branch to pay his Asia Television for HK$10 million in advertising fees? Is there something deeper behind this? Don't forget, a considerable portion of the funds he used to control Hong Kong's Hong Kong branch were borrowed from HSBC, using Hong Kong's shares as collateral."
HSBC boss Shen Bi didn't waste any words and directly stated his purpose.
Obviously, Shen Bi also saw this news and noticed the financial risks hidden behind it, especially the funds and control rights of HSBC itself.
Therefore, this call from him did not surprise Newbijian at all.
Although the Hong Kong Land Group is no longer controlled by his Jardine Matheson, he is the person who is most familiar with the Hong Kong Land Group in Hong Kong, and he is still a director of the Hong Kong Land Group.
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