There is no doubt that the total market value of Cathay Pacific at this time does not reach HK$3 billion. It would be good to have a market value of HK$2 billion. Cathay Pacific's main routes are concentrated in Asia.

Most of the people who fly in Asia these days are business people, traveling and so on. Only people in developed countries in Europe and the United States have the leisure and capital. Ordinary Asian people do not have the hobby of traveling. Even if they do, they mostly travel domestically.

, very few people go abroad.

Although Cathay Pacific has been established for nearly 40 years, there was little development in Asia in the 1950s and 1960s. Except for a few island countries, South Korea and Singapore, most countries in Asia were still in a state of turmoil during that period.

small farmer economy.

If the economy is not developing rapidly, the aviation field cannot be developed either.

However, Yang Chen knows better than anyone else that civil aviation will gain huge room for development in the next ten or twenty years.

If the 1960s and 1970s were the golden age of the shipping industry, then the 1980s and 1990s will be the golden age for the development of civil aviation.

In the 1970s, as labor costs rose too fast in Europe and the United States, European and American capitalists began to gradually move some factories to Asia, where labor costs were lower.

Throughout the 1970s, it was as if Asia had just opened up. In the 1980s, the mainland entered a stage of infrastructure construction.

After a full decade of infrastructure construction, the Asian region's economy began to show a trend of rapid development after entering the 1980s.

In the ten years before the inland reform and opening up in later generations, infrastructure construction work was carried out across the country. In the 1990s, domestic and foreign investment accelerated, and the economy picked up overnight.

In Asia in the 1980s, with the economic development, more and more people went abroad. Among these people, the purposes of going abroad were varied. Some were to make a little money and prepare to go abroad to broaden their horizons, and some were to study abroad.

Advanced foreign technology and knowledge.

With the entry of European and American capital and the acceleration of economic development, sending their children to study abroad is the first choice for many wealthy families.

This is just like the mainland in the 1990s. Studying abroad and learning advanced foreign things is a common phenomenon in the entire society.

Therefore, during this period, people who flew abroad were not only limited to a small number of wealthy and business people, but also included ordinary families.

This trend change directly promotes the further development of civil aviation.

This trend is not only seen by Yang Chen, many people can actually see the prospects of civil aviation, such as HSBC and Swire Pacific.

These two established British-owned consortiums have a clear understanding of social changes and economic changes.

However, knowing is knowing.

To be honest, even Shen Chow was a little surprised that Yang Chen spent 900 million Hong Kong dollars in cash to acquire the Cathay Pacific shares held by HSBC.

In less than three years, the resale value has doubled several times, which is indeed in line with the investment philosophy of HSBC Bank.

However, if you look at it from every aspect and every corner, you will see that the person in front of you does not look like someone who is stupid and has a lot of money, so that others can take advantage of him.

What is the other party's purpose? After everyone was surprised, they couldn't help but secretly guess in their hearts.

Compared with others, the Charter King was much more straightforward and did not think about things that took a lot of time. The Charter King and Shen Zhou looked at each other and said directly: "Ah Chen, are you sure you didn't tell everyone

Just kidding, 900 million Hong Kong dollars, and it’s still cash, are you sure it’s not 90 million?”

Yang Chen showed his big white teeth and grinned: "Uncle Bao, if all the directors present are willing to sell me 30% of Cathay Pacific's shares for 90 million Hong Kong dollars, I personally have no objections."

After everyone heard this, they all rolled their eyes.

"More than 900 million is a little over, but compared to starting a new civil aviation company by myself, starting everything from scratch, the money and energy spent in the process are probably far more than this price."

As soon as these words came out, everyone nodded again.

As Yang Chen said, although 900 million is a bit more, compared to opening a new civil aviation company, the cost is definitely much greater than the other party's investment.

However, even so, everyone still does not believe that this man, who is called the God of Wealth by the outside world, would spend such a large price to buy the shares of Cathay Pacific held by HSBC Bank.

After all, 30% does not meet the holding requirement, especially for Cathay Pacific, a non-listed company, where the company's shares are very concentrated. Swire & Co. holds the remaining 70% of the shares, giving it absolute control.

Under such circumstances, most people would not spend a large sum of money to acquire 30% of the shares held by HSBC.

But now Yang Chen has done this, spending such a huge price to only get a few shares, which makes people think too much.

"Mr. Shen" didn't give everyone much room to think. Yang Chen turned his attention to Chief Shen and signaled him to stop wasting everyone's time.

Shen Porridge took a deep look at Yang Chen. After being briefly surprised, he had already thought of what Yang Chen had planned.

Since Yang Chen spent a high price to acquire the Cathay Pacific shares held by HSBC Bank, if Swire & Company does not give an explanation, then the other party will have an excuse to cause trouble to Swire & Company.

Chinese people pay attention to having a good reputation. Regarding Yang Chen's behavior of wanting to be a bitch and building a memorial arch at the same time, Shen Rong was really speechless.

Shen Zhou expressed his heartache that a good young man had fallen like this.

Well, these are all bullshit. Shen Porridge now dares not to look down upon the increasingly thick-skinned Boss Yang.

Having money but not making money is not his character.

It doesn’t matter what Yang Chen’s idea is, as long as HSBC makes money, that’s all. Capitalists are all about profit, whether it’s short-term or long-term, as long as there is money to be made, they must not let it go.

What's more, this is meat served to your mouth.

"Directors, please raise your hands to vote. Those who agree to sell Cathay Pacific shares to Yang Sheng's Ginseng, please raise your hands. Those who disagree may not express their opinions."

As Shen Chu spoke, all the directors present looked at each other. Except for Secretary Shi of Taikoo Matheson, all the other directors raised their hands.

The directors don't care what Yang Chen's plans are, as long as HSBC makes a profit, they are not interested in anything else.

Seeing that except for Secretary Shi, all the other directors had raised their hands, Shen Zhou didn't delay and said directly to Yang Chen: "Okay, in that case, Yang Sheng, you can come to my office later and let's sign the contract.

"

After receiving nearly one billion Hong Kong dollars, Shen Chow was not as happy as everyone thought. The reason why was because he knew that although HSBC did not lose money in this transaction, it did not make much profit either.

According to the development of Cathay Pacific, it will not be a problem for Cathay Pacific's market value to increase several times or even ten times once it is listed in a few years.

As a result, it is difficult to say clearly whether HSBC is losing or making money.
Chapter completed!