After a while, all the senior staff expressed their loyalty, which was why they did not express their stance immediately.
The main concern is that Li Ka-shing does not have the strength to take over China Gas Company and is afraid of being liquidated in the future. Although the new king will definitely replace his confidants after ascending the throne, who would hope that it would be him?
As soon as the meeting ended, Li Mingze and Li Zhaoji went to the chairman's office to discuss matters related to the general meeting of directors.
"Mr. Li! Don't worry, I will pay off the remaining debt within one year." Li Ka-shing said with a grateful look on his face.
This time he got the upper hand. Li Mingze acquired 17.3% of the shares of China Gas Company at a purchase price of HK$100 per share, totaling 8.65 million shares, for a total of HK$865 million.
In order to ease the financial pressure, HK$365 million was paid in advance, and the remaining balance can be paid within two years, of course, interest is inevitable.
"No hurry!" Li Mingze calmly drank a sip of tea, a hint of redness appeared on his pale face. He coughed and said slowly:
"It's not too late to repay the loan when you have sufficient funds."
Li Zhaoji's face lit up with gratitude when he heard this. He chose not to continue the polite conversation, but instead got down to business with a serious expression:
"To be honest, I'm very uncertain right now. We estimate that Jardine Matheson's stake is between 18% and 24%.
I suspect that Tianhai Renhe Co., Ltd., represented by HSBC's Huoduoli, is the same group that secretly acquired shares on the stock market a month ago."
"I have been investigating for a while now, but neither other British financial groups nor other tycoons among our Chinese community have been able to find out anything. This black hand is hidden too deeply." Li Mingze sighed. All the powerful institutions in Hong Kong have investigated, but there is no clue at all. How terrible it is.
"Since he doesn't show up, we have to force him out." A deep light flashed in Li Zhaoji's eyes, and a plan instantly came into his mind.
"You're right. The arrow is on the string and must be shot." Li Mingze, who has been in the business world for decades, instantly understood the deep meaning of his words and nodded in agreement.
After some discussion in the office, the two came up with a perfect plan, and they immediately contacted Li Fook-shao, chairman of Xiangjiang United Trading Co., Ltd. through their connections.
Three days later, China Gas Company issued a series of shocking announcements, including the following:
1. Mr. Li Mingze, former Chairman of the Board of Directors of China Gas Company, intends to resign from the position of Chairman of the Board due to his advanced age and multiple illnesses, and to nominate Mr. Li Shau-kee as the new Chairman of the Board.
2. Mr. Li Mingze, the largest shareholder of China Gas Company, has transferred 17.3% of his shares to Mr. Li Shau-kee. Currently, Mr. Li Shau-kee is the largest shareholder of China Gas Company, with a shareholding ratio of 26.3%. This has been reported to the Hong Kong Stock Exchange.
3. In 1982, the net profit after tax of China Gas Company was HK$123 million, a significant increase of 22% compared to 1981. In order to meet the needs of the company's development, China Gas Company's shares will be split into five shares, and one bonus share will be issued.
4. China Gas Company's development goals for the next three years include laying gas pipelines in major areas of the Kowloon Peninsula and building two large-scale gas plants to ensure a continuous and stable gas supply to all residents of the Kowloon Peninsula and to meet the gas supply needs of urban residents.
The total investment is expected to be HK$1.5 billion. Following a resolution by the board of directors of China Gas Company, it plans to issue 50 million additional shares to all shareholders. The relevant approval process is currently underway.
The content of the release spread to every corner of Hong Kong in a very short time. The share price of China Gas Company rose like a rocket in the trading market, and the share price soared to around HK$160 per share, becoming a dazzling star in the stock market.
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