"Thank you all. I am very honored to be a member of the Board of Directors of Wheelock and work side by side with everyone here. Wheelock Group is a leader in the industry and has an outstanding leader like Mr. John Madden. I am convinced that The group will surely ride the waves and create greater glory in the future!" Su Cheng stood up and said sincerely with a smile on his face.
However, in his mind, he has a clear understanding of John Madden's current investment strategy-especially the continued heavy investment in the shipping industry, which has caused a large amount of profits to flow to Wheelock Shipping Company , which undoubtedly increases the group’s risk exposure.
But Su Cheng was not in a hurry to express his dissent. He had his own plans in mind.
He knows very well that if he stands up to oppose at this moment, it may be able to guide the group back to a more stable development track, but this also means that it will be difficult to shake the existing power structure in the short term, let alone realize the more stable development he has in mind. Big goal.
The 11.8% of Wheelock shares that Su Cheng holds tightly is not an absolute controlling stake, but it is also the key to his careful layout.
He secretly thought that only by letting John Madden continue to lead the group on the seemingly "wrong path", when the time is right, he can gradually expand his influence at a lower cost and with less resistance, and finally achieve control over the group. control of this major British bank.
Therefore, Su Cheng chose silence and waiting. He understood that in this battle without gunpowder, patience and strategy were far more important than momentary justice or impulse.
He is looking forward to that day. When John Madden's decision finally puts the group into trouble, John Madden will once again have the idea of selling the group's shares. At that time, he will take advantage of the opportunity to acquire John Madden. The shares in Madden's hands not only saved the group from fire and water, but also firmly held the stick of power in his own hands.
Moreover, Su Cheng successfully joined the board of directors of Wheelock Group. This news was like dropping a heavy bomb in the business world, causing many Chinese investors who were originally eyeing Wheelock Group to get a piece of the pie. Entrepreneurs are forced to reexamine their plans and abandon their original ideas after weighing the pros and cons.
After all, in Xiangjiang, a business environment full of opportunities and challenges, Sioux City's name has long been closely linked to its strong financial resources, outstanding business vision and influence that cannot be underestimated.
Anyone who dares to compete head-on with him is asking for trouble.
Su Cheng not only has enough financial strength to deal with any challenges, but also has an effective business strategy and network of contacts, allowing him to always take the lead in business wars.
Therefore, the addition of Sioux City has undoubtedly given the Wheelock Group a layer of protection, deterring those Chinese entrepreneurs with evil intentions, and further consolidated Wheelock's position in the industry.
In another history of parallel time and space, the fate of Wheelock Group was eventually rewritten by Bao Yugang and became part of his business map.
But in the world he traveled to in Suzhou City, Bao Yugang has not shown any clear intention to acquire Wheelock Group.
Currently, Bao Yugang is in a critical stage of recovery and reconstruction.
Although the Wharf holdings increase war allowed him to successfully acquire this important asset, it also cost him a heavy price - a heavy debt burden.
The victory of this battle is undoubtedly an affirmation of his business wisdom and determination, but it also made him deeply realize the importance of capital liquidity.
Therefore, in the next two to three years, Bao Yugang's first task will be to go all out to earn funds to repay the huge debt accumulated due to the Wharf War as soon as possible.
Because Bao Yugang understands very well that only by solidifying his own financial foundation can he more calmly lay out a broader business landscape in the future.
As for the plan to acquire other British-owned companies, Bao Yugang can only put it aside for the time being.
He needs time and space to recover and accumulate strength.
Only when he stands at the pinnacle of business again, with abundant funds and powerful resources, will he reconsider the opportunities he has missed and the new acquisition targets that may appear in the future. The Wheelock Group may come into his sight again at some point in the future.
Of course, the current situation is that Sioux City is already firmly seated on the board of directors of Wheelock Group, which makes any Bao Yu who may have intentions against Wheelock in the future Gang also had to reconsider.
Bao Yugang knew very well that in the competition of capital power, it would be difficult for him to compete with Su City.
Although he successfully controlled Wharf and greatly increased his strength, Su Cheng's strength leap in the same period far exceeded his expectations, almost ten times his growth rate.
Such a gap forced Bao Yugang to consider whether he had enough chips to compete when facing Su City.
In addition to Bao Yugang, Sioux City also has a competitor, and that is Li Ka-shing.
In the past two years, Li Ka-shing's business journey has been full of ups and downs, and he has encountered unprecedented frustration.
He first set his sights on Wharf, but was unexpectedly beaten by Bao Yugang; then he set his sights on Hutchison Whampoa, but missed the victory again and was captured by Sioux City in advance.
Now, when he turned his attention to Wheelock Group, news came that Su Cheng had become a member of the group's board of directors. This was undoubtedly a heavy blow to his consecutive losses.
Li Ka-shing had mixed feelings in his heart. He knew very well that there was still a big gap between his strength and Su Cheng.
After losing the competition with Hutchison Whampoa, he quietly shifted his focus to Wheelock Group, hoping to make up for his previous regrets by acquiring its shares.
However, this road is not smooth. So far, he still holds less than 10% of Wheelock shares, and progress is slow and difficult.
What made it even more difficult for him to accept was that Sioux City suddenly intervened at this time and reached a deal with Jardine, which directly consolidated its position in Wheelock.
This news was like a bolt from the blue to him, making him feel angry and helpless, and even had the urge to vomit blood.
He realized that in this business game, he always seemed to be one step behind and unable to compete with those stronger and sharper opponents.
Faced with such a dilemma, Li Ka-shing had to re-examine his strategy and direction.
He knows very well that if he wants to gain a foothold and succeed in the business world, he must constantly improve his strength and wisdom to cope with various sudden challenges and changes.
Only in this way can he have the opportunity to compete with those top business giants in the future.
So, now there are two roads before him.
The first is to continue acquisitions and compete with Suzhou City Wheelock Group in the future, but the success rate is too low.
The second is to give up the acquisition of Wheelock Group and instead focus on other British-owned enterprises. (End of this chapter)