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Not long after
Huo Jiaguang opened the door and came in. He is one of the old people who have been with Wang Yaocheng for the longest time. It has been 13 years. He has grown from a business elite in his 40s to a big boss. gray.
Wang Yaocheng took the initiative to greet him and shook hands; "Hehe, brother Jiaguang, please sit down, champagne is prepared for you here."
"Thanks!"
The relationship between the two is not so much a boss and an employee, it is more appropriate to say that they are brothers. After a few simple greetings, we will get to the point.
Sitting on the sofa
Huo Jiaguang took a sip of French champagne, looked at Wang Yaocheng who was sitting silently opposite, with a look of worry in his eyes, organized his words and said;
"Boss, we have contacted five North American airlines during this period, and the overall situation seems to be similar;
Most of them welcome capital injection from powerful consortiums, but they are unwilling to be merged or give up management rights. The company's financial situation can't be worse, but they are still stubborn and difficult to negotiate.
You know, the field of air transportation is the traditional domain of old white money, where extreme right-wingers get together and are quite unfriendly to people of color.
They only want our money, but they are not willing to give up the management rights.
Of course, the old white money is not monolithic inside. Many families with long-standing inheritance want to escape this big ship that will sink at an unknown time, and privately express their willingness to sell their equity.
The key point,
Even if we pass the anti-monopoly review of the Ministry of Justice and we have absolute control over North American airlines, it is impossible for us to act arbitrarily like in Europe and Asia. It is inevitable to be controlled by the opponent.
In addition, the labor unions of North American airlines are very influential and may cause us big troubles. Please pay attention to this. "
Huo Jiaguang's meaning is very clear;
These North American airlines are thorns, very difficult to deal with, and he is not optimistic about this Cathay Pacific merger.
A moment of silence
Wang Yaocheng sighed and said;
"Unless we give up Cathay Pacific's global development plan, the North American aviation market is an obstacle that cannot be circumvented. If Cathay Pacific cannot complete the merger and acquisition, it is completely impossible for Cathay Pacific to acquire equity in North American hub airports.
In other words, the North American aviation market is always rootless, and a slight policy change will drive them out of the market.
Sears Hotel Group, acquired by Hong Kong and Shanghai Hotels Corporation, owns more than 1,400 hotels across North America, accounting for almost half of the entire hotel group.
Without Cathay Pacific Airways providing a steady stream of high-spending customer groups, it will undoubtedly lose a huge traffic entrance only by relying on the daily business of the hotel to attract customers.
You must know that the entire North American medium and long-distance passenger market is dominated by air transport, accounting for 65% of the market.
? According to the data model analysis of the Hong Kong Guantian Economic Research Center;
Without this valuable traffic portal, Sears Hotel Group will lose more than 30% of its revenue, and about 13 hotels will fall into a loss.
?The acquisition of North American airlines is not simply a need for Cathay Pacific¡¯s expansion. For HSBC, Global Communications is also of great significance, and they are the hard bones we must win.
The reason why we didn't do it before was because the timing was not ripe. This may be our only chance to do it. "
Huo Jiaguang frowned. He is a Chinese-American, and it was really hard for him to understand why Wang Yaocheng said that he was the only chance to make a move.
He thought of the consortium's intensive construction of the entire ecological chain, high-standard stress tests and plan b, and he had some eyebrows in his heart, but he didn't take it seriously.
The boss has a strong sense of crisis and tends to be persecuted and paranoid.
Although China's current economic level is developing rapidly, it is just a bigger grasshopper for Europe and the United States, and it does not pose a threat at all.
In 2003, China's national GDP was 1.67 trillion U.S. dollars, ranking sixth in the world, while the United States, which ranked first in the world, reached 11.51 trillion U.S. dollars, more than nine times that of China.
When it comes to per capita gdp, it is completely crushed, with a gap of more than 30 times.
The United States dominates the world in terms of military, political, and economic power, and exudes a sense of self-confidence from top to bottom. And Europe and other countries compete.
?in essence
Whether it is political, economic or military, the vast majority of Americans do not think that China can pose any threat, but most people hold the view of embracing pandas.
Those alarmist right-wing politicians and extremists often only get ridiculed.
However, since the chairman is full of sense of crisis, Huo Jiaguang is not willing to contradict openly, so he thought carefully and said;
"Judging from the current contact situation, I suggest that Delta Air Lines, which occupies the third place in the American aviation market, and Northwest Airlines, which ranks fourth, should be selected as the priority M&A options. For plan b, American Airlines, which ranks seventh in the market, can be considered.
The situation of Delta Air Lines is more complicated, and Northwest Airlines is slightly better, but they are also places where white old money groups gather together. Due to the large scale of the company, integration may be quite troublesome. "
"Okay, then please invite Brother Jiaguang to lead the working group to the United States to start work. You are a senior expert in mergers and acquisitions. I can rest assured that you, a veteran like you, will start substantive negotiations with the other party as soon as possible."
"As you wish, boss."
"That's good."
M&A expert Huo Jiaguang made the move himself, and Wang Yaocheng finally put his heart back into his stomach, with a smile on his face. He knew that many senior management of the consortium did not take Plan B seriously.
Wang Yaocheng didn't want to explain, and he didn't have a convincing reason.
Perhaps an excellent corporate manager can plan a corporate development strategy for the next five to ten years or even longer, but it is absolutely impossible to expand to the level of national strategic games.
There is no one entrepreneur with such a strategic vision. Among all the entrepreneurs Wang Yaocheng knows, Ren from Huawei is always the only one.
In the experience of past and present lives, there is no successful case of Hong Kong capital acquiring an American airline company.
Today, history has changed too much.
Wang Yaocheng has the confidence to step in and take a share of the profitable North American aviation market. His confidence comes from President George's announcement of his re-election bid in late May. This is a rare opportunity.
Following the amazing performance of Google's listing, the relationship between the Wang consortium and the Texas consortium in the United States has become increasingly close, and the link between them is the George Grand Commander's family.
Now
President George is facing a second-term re-election, and urgently needs Wang Yaocheng's huge prestige and appeal among Chinese Americans and ethnic minorities to bring more votes and funds.
You need me, and I can't live without you. This is how the so-called alliance of interests is established.
As long as Cathay Pacific Airways promises to retain the relevant job opportunities of the acquired company during the merger and put pressure on it through the White House, the antitrust agency of the Ministry of Justice will not be able to make any big waves.
? Eliminating interference at the government level, the Royal Family Fund, which holds a large amount of cash capital, is fully confident in integrating American Airlines, even if the process is difficult, it can be bit by bit.
? Over time after 2005
Once President George takes office for the second term, or the operating conditions of American Airlines improve, there will be a large number of unpredictable factors, which may easily cause the merger plan to die.
Wang Yaocheng doesn't want to gamble and dare not gamble, he prefers to eliminate all unpredictable factors in the bud.
?The next leader of the Little Black Party came to power. The government's policy focuses on the economic card. It is very unfriendly to multinational companies including Europe, Japan and South Korea. It even uses state power to suppress Alstom in France and force it to be dismembered.
?The allies are so aggressive, let alone the multinational corporations controlled by Hong Kong capital.
After 2009, you will be a man with your tail between your legs. You don¡¯t need to think about cross-border mergers and acquisitions. It would be good if you can maintain the current structure.
From now to the beginning of 2009, it is the last period of strategic opportunity for the development of the Wang Family Consortium. As the Chinese dragon soars into the sky, European and American countries are becoming more and more afraid of it. It will not be easy to strengthen the consortium.
The window of the strategic opportunity period is closing, and it is not far away. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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