Cable & Telegraph is even more worried that with Wujiang Group's acquisition of Hong Kong Telephone Company, given Wujiang Group's influence and financial resources in Hong Kong, Cable & Telegraph (Hong Kong) Limited will face an unparalleled competitor.
This is something the Eastern Telegraph Office does not want to see.
Furthermore, given the close ties between Wujiang Group and mainland China, it is likely that after 1997, Cable & Wireless (Hong Kong) Limited will face significant challenges in Hong Kong.
Rather than that, it's better to turn enemies into friends.
The Eastern Telegraph Company only wanted to make money and had no intention of opposing Wujiang.
Therefore, Luke Teresa took the initiative to seek cooperation.
“Well, Mr. Teresa, I personally think that what you mentioned should be fine. However, the final decision depends on my boss!” Zhou Anping said frankly.
Luke Teresa nodded and said, "Yes, I understand... Mr. Zhou, please convey to Mr. Zhao the sincerity of our Eastern Telegraph Bureau, hoping that we can achieve in-depth cooperation!"
“Okay, I will!” Zhou Anping nodded with a smile.
A few minutes later, after seeing Luke Theresa off, Zhou Anping called Zhao Ye and briefly explained the purpose of Luke Theresa's visit.
Zhao Ye was quite surprised to hear this.
“In that case, let’s cooperate directly with the Eastern Telegraph Company and strive to gain a dominant position in the newly established Hong Kong Telecom!” Zhao Ye said after thinking for a moment.
If Wujiang Communications Technology Co., Ltd. chooses not to cooperate, then it can only acquire Hong Kong Telephone Company first, and then acquire Cable & Wireless (Hong Kong) Limited. However, the latter may not be willing to sell, so Hong Kong Telephone Company will find it difficult to monopolize the telecommunications market.
Another reason is that the shareholders of Hong Kong Telephone Company were greedy and arrogant, wanting to compete with Cable & Wireless and drive up the share price.
Recently, rumors have been circulating throughout Hong Kong that both Wing Kong and Eastern Telegraph Company want to acquire Hong Kong Telephone Company.
The news of such great positive developments immediately caused the share price of Hong Kong Telephone Company to soar.
In about a week, the market value of Hong Kong Telephone Company soared to HK$18 billion.
The surge in Hong Kong Telephone Company's share price also contributed to the collaboration between Wujiang Group and Cable & Wireless.
The following day, Zhou Anping informed Luke Teresa that Wujiang Group was willing to cooperate with the Eastern Telegraph Bureau.
Next, Zhou Anping and Luke Teresa held several rounds of negotiations.
Five days later, the two sides reached an agreement.
Wujiang Communications Technology Co., Ltd. invested RMB 15 billion to jointly acquire Hong Kong Telephone Company with Cable & Telecommunications (Hong Kong) Limited. The newly formed company, Hong Kong Telecom, is 60% owned by Wujiang Communications Technology Co., Ltd. and 40% owned by Cable & Telecommunications.
After signing the secret agreement, the two parties began to jointly suppress the share price of Hong Kong Telephone Company.
Both parties jointly announced that they would abandon the acquisition of Hong Kong Telephone Company, and Wujiang Communications Technology Company would instead cooperate with Cable & Wireless to expand the telecommunications business of Cable & Wireless (Hong Kong) Limited!
Marvin Keppel and others were holding a shareholders' meeting at that time.
"Bringing Wujiang Group to acquire Hong Kong Telephone Company was undoubtedly the wisest decision. Ever since we revealed that Wujiang Group wanted to acquire Hong Kong Telephone Company, the company's stock price has skyrocketed!" Marvin Kepper laughed heartily, extremely pleased with himself.
The other shareholders were also overjoyed.
However, Warren Tony and several other executives looked worried.
The Wujiang Group and the Datong Telegraph Bureau haven't contacted me for several days now. Could something have gone wrong...?
Marvin Keppel, beaming with excitement, continued, "The longer this drags on, the higher Hong Kong Telephone Company's stock price will be, and we can all make a fortune!!!"
No sooner had he finished speaking than an assistant rushed in from outside the door.
"Something terrible has happened! Wujiang Communications Technology Company and Cable & Wireless jointly announced that they have both abandoned their acquisition of Hong Kong Telephone Company. Instead, they are strengthening their cooperation to vigorously promote the development of the telecommunications industry in Hong Kong!"
As soon as the assistant finished speaking, everyone panicked!
This news was undoubtedly a bolt from the blue for Hong Kong Telephone Company.
Marvin Keppel, his obese body nearly collapsing to the ground, muttered to himself, "It's over, it's all over. Hong Kong Telephone's stock price is going to plummet, and I haven't even had a chance to cash out..."
Warren Tony couldn't help but mutter "damn it."
He knew very well that it was Marvin Keppel and his greedy gang who had caused such a promising situation to turn out this way.
Both the Eastern Telegraph Company and the Wujiang Group held a large number of shares in Hong Kong Telephone Company, and together they were able to control the company.
In order to reduce the cost of acquiring Hong Kong Telephone Company, the two companies will inevitably join forces to suppress Hong Kong Telephone Company, and when the time is right, they will directly acquire Hong Kong Telephone Company together.
The tide has turned!
Warren Tony sat dejectedly in his chair, not wanting to say a word.
Marvin Keppel and several other major shareholders are as anxious as ants on a hot pan.
Hong Kong Stock Exchange.
Following the release of the joint statement from Wujiang Telecom and Cable & Wireless, Hong Kong Telephone Company's share price plummeted like an avalanche.
Shareholders of Hong Kong Telephone Company were immediately plunged into despair.
"Why aren't Wujiang and Cable & Wireless acquiring Hong Kong Telephone Company anymore? Marvin Keppel, the executive director of Hong Kong Telephone Company, said yesterday that they were in secret negotiations with Wujiang and Cable & Wireless..." An old stock investor was filled with sorrow and confusion.
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