Reborn in Hong Kong: The Tycoon Grows Up

It has always been Bao Zixuan's character to do what he says, but now that he has found a target. Then it's time for him to start, and now Bao Zixuan is going to get what he wants. Even if you spend a little more, you may not be mature enough as a businessman, but as a young man, you can't take care of that much.

Born in 1946, American Roy Farrell and Australian Sydney de Kantzow, two former Air Force pilots known for flying "Hump" routes over the Himalayas, planned to transport much-needed cargo from Australia to post-war China. Cathay Pacific.

In 1948, Butterfield & Swire, the most important British-owned firm in Hong Kong, acquired a 45% stake in Cathay Pacific, which was then a joint venture between Australia and the United States. Routes south of Hong Kong were later assigned to Cathay Pacific, while those north of Hong Kong were handed over to Cathay's local rival, Hong Kong Airlines. Until 1958, Cathay Pacific acquired Hong Kong Airlines, officially dominating the local aviation industry and entering the Northeast Asian market.

1960: First international airline to fly to Osaka.

1976: The first Asian airline to launch a cargo service brand, Cathay Pacific Cargo.

In the 1980s, Cathay Pacific was 70% owned by Swire Pacific and 30% by HSBC.

1982: First airline to fly non-stop from Hong Kong to Vancouver, setting a new world record.

1983: First airline to fly non-stop from Hong Kong to London.

1983: First Asian airline to offer first, business and economy class on every flight.

In April 1986, Cathay Pacific was listed on the Hong Kong Stock Exchange, and its initial offering was oversubscribed by 56 times, and it was officially listed for trading on May 16.

In February 1987, Swire Group and HSBC sold a 12.5% ​​stake in Cathay Pacific to Hong Kong's CITIC Group for HK$2.3 billion. CITIC became the third largest shareholder of Cathay Pacific Airways, and Rong Zhijian and another senior CITIC executive joined Cathay Pacific's board of directors.

1990: First non-stop service between Hong Kong and Los Angeles.

On January 17, 1990, CITIC Group increased its shareholding to 38.3%, and Cathay Pacific obtained management rights.

1991: Pioneering custom-designed stacked flight simulators.

In March 1994, Cathay Pacific acquired a 75% stake in Huamin Airlines, which is based in Hong Kong and mainly engaged in air transport business, for HK$200 million. Huamin Airlines was formerly operated by the Shun Tak Group. In the same year, Cathay Pacific completely changed its corporate image, and changed the original green and white stripe design of the fuselage into a winged logo. In July 1998, Kai Tak Airport was closed, and aviation operations were relocated to Hong Kong International Airport at Chek Lap Kok. Cathay Pacific also moved its headquarters to Cathay Pacific City in Tung Chung, next to the new airport, with a planned investment of US$625 million.

1998: The first non-stop flight from Hong Kong to New York, One, celebrates the world's longest flight.

In September 2001, the 9/11 incident in the United States had an impact on Cathay Pacific. The same year: The first online check-in service was launched.

In early 2003, Cathay Pacific was affected by the SARS epidemic that broke out in Hong Kong and neighboring areas. Passengers dropped sharply, and more than half of the flights had to be cancelled. Fortunately, it was fully recovered soon after the SARS epidemic was brought under control.

In 2003, 2005 and 2009, Cathay Pacific was awarded the Best Airline in the World by Skytrax, and its subsidiaries include Dragonair and China Civil Aviation.

On June 9, 2006, Cathay Pacific issued a statement stating that it had reached an agreement with other related companies on the acquisition of Dragonair. Cathay Pacific will fully acquire Dragonair from other shareholders of Dragonair for HK$8.22 billion and issue new shares (90% of the shares). Another 4.07 billion was used to increase the stake in Air China from 10% to 20%. In addition, Air China purchased a 10.16% stake in Cathay Pacific for 5.39 billion yuan, so that Air China and Cathay Pacific will form a mutual control relationship and need to comply with the following four points: 1. Unless Swire’s prior written consent, Chinese shareholders shall not hold Cathay Pacific IV. or more than Swire's shareholding. 2. Unless the prior written consent of each shareholder is obtained, the shareholding of CITIC Pacific and China Airlines shall not exceed 29.99%. 3. The shareholders of Cathay Pacific agree that if each shareholder holds 15% or more of the shares, the shareholder will not make an acquisition from Cathay Pacific, or be acquired by a third party, unless it is recommended by the Board of Directors of Cathay Pacific. 4. Maintain five executive directors nominated by Swire, and increase the number of non-executive directors from three to four. After the transaction is completed, Swire Pacific, CITIC Pacific, China Airlines, and AVIC Xingye will hold 40%, 17.5%, 10.16%, and 7.34% respectively.

On August 31, 2006, Cathay Pacific took delivery of its 100th aircraft, an Airbus A330-300.

On September 28, 2006, Cathay Pacific officially completed the acquisition of Dragonair, and thus officially replaced RB Airlines as the largest airline in Asia. And since December 1, 2006, it has implemented code sharing with Dragonair to Beijing and Shanghai.

2007: The first to create a carbon offset program.

2014: First airline to win Skytrax "World's Best Airline" honors four times.

On March 27, 2019, Cathay Pacific Airways announced that Cathay Pacific spent 4.9 billion Hong Kong dollars to acquire 100% equity of Hong Kong Express Airways, and Hong Kong Express Airways will become a wholly-owned subsidiary of Cathay Pacific Airways.

On August 12, 2020, Cathay Pacific Airways of Hong Kong released its 2020 interim results report. Cathay Pacific Airways recorded an attributable loss of 9.865 billion yuan (HK$) in the first half of the year, and recorded a profit of 1.347 billion yuan in the same period in 2019.

Bao Zixuan, the major airline companies in the previous life, can tell very well about their development history. Even the plane that Bao Zixuan took for the first time last time belonged to them, but the most troublesome thing now is that Swire Pacific has absolute control over Cathay Pacific. .

But now Cathay Pacific is not a listed company. If the major shareholder does not buy it, it will be difficult to get the shares. The key now is HSBC, and another point is to start with Swire Pacific and directly become the major shareholder of Swire Pacific. After entering the board of directors of Swire Pacific, you can also increase your investment in Cathay Pacific, which will surely be yours sooner or later. But what Bao Zixuan didn't know was that things that he thought were easy were not easy to handle now.

While arranging someone to absorb the shares of Swire Pacific in the stock market, Bao Zixuan called Shen Bi. Now if you want to fight against Swire Pacific, you must get the shares of Cathay Pacific Airways in the hands of HSBC, otherwise it is really difficult to do.

Shen Bi, who received the call from Bao Zixuan, was having a meeting, and the main content of the meeting was to focus on the direction that the capital market of Xiangjiang should go after the rise of Chinese businessmen. UUkanshu www.uukanshu.com HSBC, as a quasi-central bank, is the most important structure that determines the lifeline of Hong Kong's economy. It is unusual for Bao Zixuan to call him during this period of sensibility.

At this time, Shen Bi had to end the meeting and think about Bao Zixuan's purpose. Now many things can't depend on friendship. Moreover, he and Bao Zixuan didn't have a deep friendship, so he could only decide by looking at each other's goals.

As a future executive at HSBC, Pu Weishi was able to access confidential information, and when he saw Shen Bi receiving the call, his face was a little dignified. Knowing that the purpose of Bao Zixuan's meeting is by no means simple, but now he can't guess what the other party thinks.

Pu Weishi said, "Bao Zixuan has reported a lot since he had a conflict with people at the airport. But Heiyun and he himself didn't have any overreaction. How can I think of meeting you with Taipan now?"

After Shen Bi heard Pu Weishi's words, he suddenly understood something. After all, it is not everyone who can become HSBC's best taiwan who can have his own thinking.

Shen Bi: "Conflict at the airport, I think I should know what Bao Zixuan wants. He is a young man, and sometimes he does things based on his own will and ideas, without so much consideration. It seems that tonight's dinner is not so good. Simple, probably not delicious."

Pu Weishi is also a smart person, and now Bao Zixuan is not short of money. Then it must be for HSBC to hold shares in China Thai Airways, which is a company controlled by Swire Pacific.

Now Bao Zixuan wants to move Swire Pacific's Cathay Pacific Airways. This is the most important asset of the Shi Huai Ya family. Even HSBC can't get involved. After all, Bao Zixuan has made a move, but now he can't open his mouth on HSBC's side. That's true. bad explanation. After all, HSBC is a British bank, so don't look at Chinese faces. But offending the Shi Huai Ya family is not easy for Shen Bi to get away easily.

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