Chapter 983: Everyone has their own plans

You have to be convincing when you're acting!

Bao Yugang knew that the more this time, the more he could not let Wade Schiaway suspect, and he had to further fix his thinking, which would be beneficial to his plan.

Maybe he could also take this opportunity to achieve greater results and be of greater help to Xia Yu.

Therefore, he looked thoughtful, and hesitated to answer Wade Shiyahuai's question, appearing very cautious and indecisive.

Wade Shiyahuai's heart stirred, his eyes twirling, and an idea came to mind.

He leaned back, with a hint of mockery in his tone, 'Mr. Bao, to be honest, I didn't expect you to secretly set up an airline. Are you trying to directly compete with our Swire Pacific Airways? You don't really think that just buying planes is enough to start an airline, do you?'

Upon hearing these words, Bao Yugang's face suddenly turned dark, and he said indifferently, 'Mr. Shi Yahuai, are you trying to force us to compete with Swire Pacific in all areas?'

'If you don't believe in our financial strength, I think we can try!'

(⊙o⊙)…

He didn't expect Bao Yugang, who had been begging for the shares of Hong Kong Airport Ground Services, to suddenly change his attitude from amiable to rigid.

Wade Schiaway was directly confronted and felt suffocated, but he could only bear it. He realised that he had misjudged the situation.

However, in negotiations, it is most important to maintain momentum, and one cannot say anything too direct or extreme. But he could regain the initiative. After all, Swire Pacific now had a huge advantage.

Wade Shijiawei said calmly, 'Mr. Bao, you don't need to say things out of anger. You have a lot of money, and our Swire Group's financial strength is also obvious to all. Verbal disputes are meaningless.'

'The current market situation is very clear. Our Swire Pacific Airlines covers the entire aviation sector. Even if your Dongfeng Airlines wants to compete, it cannot break our blockade.'

'However, we at Swire Pacific Airlines have always welcomed competition. We have always believed that competition and cooperation coexist. Competition can promote common progress and open up a larger market. Therefore, we also want to help Dongfeng Airlines grow and together, from Xiangjiang, go to the world and become a world-class airline.'

'But after all, cooperation is mutual. It doesn't matter what we think. The key is whether Mr. Bao is willing to accept our goodwill.'

No matter how you listen to this, it sounds hypocritical.

From Wade Schiawai's hypocritical words, Bao Yugang also knew that he was already anxious, and the words and phrases were all about Eastern Airlines.

Obviously, before it was him who wanted the stake in Hong Kong Airport Ground Services, and Swire Pacific Aviation was sitting comfortably.

But now it was Wade Schiawai who wanted the stake in Eastern Airlines, and he had switched from being passive to being active.

This is a great opportunity!

Looking at Wade Schiawai's gaze fixed on him, Bao Yugang knew that it was time for him to act.

He said slowly, 'Mr. Shih Ya-Huai, what you say makes sense. The success of Swire Pacific Airlines is closely related to your generosity. It would be best if we could cooperate to achieve a win-win situation.'

'But Mr. Shih Ya-Huai, the registered capital of Dongfeng Airlines is as high as 1 billion Hong Kong dollars, and construction has already begun. Even if we only consider the assets, what can you offer in return for a shareholding?'

'I have to tell you in advance, Dongfeng Airlines does not lack money, and I do not lack money either. The company's HK$1 billion capital is not sure how long it will last forever, so if you plan to invest in the company, then forget it.'

Wade Shiyahuai looked torn. He felt that he was in a difficult situation in the face of Bao Yugang's conditions, but he was unable to reject them.

After all, he was the one who first proposed that he only wanted the equity and not the money, and Bao Yugang was only offering the same terms as him. If he rejected Bao Yugang's terms, he would also be rejecting his own terms, and there would be no more negotiations.

Looking at Bao Yugang's faint smile on his face, Wade Shiyahuai gritted his teeth and smiled, 'Since Mr. Bao doesn't lack money, then naturally it would be swapping with other assets, such as the equity of Xiangjiang Airport Ground Services Company that you wished to purchase in the first place.'

Bao Yugang immediately picked up the conversation and said, 'That's fine, but I'm not sure how much equity Mr. Shi Yahuai is prepared to offer in exchange for the equity of Dongfeng Airlines?'

'This...'

Wade Shihuai was suddenly at a loss, and based on the preliminary preparations made before coming, combined with the current state of the negotiations, he quickly thought about it in his heart.

Swire Pacific directly holds 41% of the equity of Hong Kong Airport Ground Services, and through Cathay Pacific, it holds 4% of the equity, for a total of 45%.

And Hong Kong Airport Ground Services is valued at 350 million Hong Kong dollars by Economic Digest.

Based on this valuation, the 45% equity directly or indirectly held by Swire Pacific is worth 157.5 million Hong Kong dollars.

Even if all of it is used to replace the equity of Dongfeng Airlines, it can only replace 15.75%!

But this is definitely not something that should be done!

If this is done, then Swire Pacific will lose Hong Kong Airport Ground Services Limited, and there will be another gap in Swire Pacific's industrial chain.

After pondering in his heart, he decided to keep more than 33.3% of the equity of Hong Kong Airport Ground Services Limited, not to break through this line, retain the right of veto, and maintain Swire Pacific's control and interests.

Upon thinking of this, he immediately said, 'Mr. Bao, Swire Pacific can offer 11.5% of the shares of Hong Kong Airport Ground Services!'

Bao Yugang's gaze hardened, and he thought to himself that Wade Schiaway was being vigilant enough to remember the one-third line at this time.

This was not what he wanted!

Therefore, he said with a smile, 'Mr. Schiaway, 11.5% of the shares is too little, you are being too insincere!'

Wade Shiyahuai was unmoved, shaking his head and saying, 'This is the bottom line, Swire Pacific will only offer this much of the equity to be transferred!'

'If too much is transferred, the company will easily get out of control.'

Having said this, Wade Shiyahuai deliberately looked at Bao Yugang for a few seconds, as if trying to read something.

Although it seemed to Bao Yugang that Wade Shiyahuai's actions were posturing, he didn't dare take the risk of arousing his real suspicions.

He had a sudden idea and planned to negotiate in a different way to see if he could make Wei De Shiyahuai give up his insistence on his own.

Bao Yugang just smiled faintly and said, 'Mr. Shiyahuai is being a little too unconfident in himself, but that's understandable.'

'We're both trading at a fair price, and 11.5% of the shares can only be exchanged for about 4% of the shares in Dongfeng Airlines, am I right?'

'If that's right, the transaction can be completed today.'

What the hell is the use of 4% of the shares in Dongfeng Airlines? How could Wei De's Shi Yahuai be satisfied with that!

He immediately shook his head and said, 'Mr. Bao, don't be in a hurry. Just listen to me first. I'm prepared to swap 20% of the shares in Dongfeng Airlines!'

Bao Yugang felt relieved, but his brows furrowed in obvious discomfort. He refused, saying, 'Mr. Shi Yahuai, this is too much of a stake. Dongfeng Airlines is a new company, and it cannot transfer too many shares at the beginning!'

'And with all due respect, even if you exclude the 11.5% stake of Xiangjiang Airport Services Company, in order to swap the 20% stake in Dongfeng Airlines, you would have to come up with assets worth 160 million Hong Kong dollars that are beneficial to Dongfeng Airlines, which is unrealistic!'

The first sentence was a clear rejection, but the second sentence left a way out, and used a more subtle method of provocation.

The door was already open, it was just a matter of whether Wade Shihuahui would jump in.

After saying that, Bao Yugang closely monitored any change in Wade Shiyahuai's expression, and he was a little looking forward to Wade Shiyahuai's reaction.

Sure enough, Wade Shiyahuai did not see through Bao Yugang's tricks, and thought that Bao Yugang was resistant to transferring so much equity.

The more so, the more determined he was in his mind.

He said, 'Mr. Bao, 4% is too little. Anything less than 20% cannot guarantee the interests of our Swire Pacific Aviation, so how can we fully cooperate with Dongfeng Airlines?'

'As for assets, you are underestimating our Swire Pacific Aviation. As a sign of good faith, we can offer our stakes in Cathay Pacific and Hong Kong Aircraft Engineering Company for exchange. What do you think?'

After saying this, Wade Shi Yahui smiled faintly and looked at Bao Yugang quietly.

Wade Shiyahuai took the initiative to jump into the pit!

Bao Yugang was delighted.

If the east doesn't shine, the west will!

As long as Wade Shiyahuai took out even a tiny bit of Cathay Pacific's equity, it would play a key role, even if he didn't help Xia Yu control Hong Kong Airport Ground Services!

After all, in order to obtain more than 66.7% of the equity of Hong Kong Airport Ground Services, wasn't Xia Yu trying to forcibly transfer the 5% of Cathay Pacific's equity held by the company?

As long as it exceeds 50% and is less than 66.7%, the significance of an additional 0.1% is the same as that of an additional 4%!

He pretended to think hard for a long time before he let go when Wade Schiaway was getting a little impatient: 'Mr. Schiaway, you might as well tell me first how much of Cathay Pacific Airways and Hong Kong Aircraft Engineering Company Limited you are prepared to offer?'

While Bao Yugang pretended to think, Wei De Shi Yahuai also calculated in his heart.

Therefore, in the face of Bao Yugang's question, he immediately gave a reply: 'Five percent of the equity of Cathay Pacific and Hong Kong Aircraft Engineering Company!'

After saying that, he further explained: 'According to the external valuation of Cathay Pacific, it has reached 2.8 billion Hong Kong dollars, and five percent of the equity is worth 140 million Hong Kong dollars.'

'And the current market value of Hong Kong Aircraft Engineering Company is 710 million Hong Kong dollars. Ignoring the small change, 5% of the equity is worth 35.5 million Hong Kong dollars!'

'The combined value of these two equity stakes is 177.5 million Hong Kong dollars, which is enough to replace 17.75% of the equity stake in Dongfeng Airlines, right?'

'It's a little more than that. If Mr. Bao minds, I can also lower my stake, but if I do that, Mr. Bao will have to give up his seat on the board of directors.'