Vol 2 Chapter 716 HSBC is also short of money (7K big

  Chapter 716 HSBC is also short of money (7K chapter, please subscribe~)

   After Bank of East Asia and Far East Bank completed the merger, all Xiangjiang people believed that the disputes about the banking industry in Xiangjiang should have ended.

  But no one thought that things are actually not that simple, and the banking industry in Xiangjiang is still undercurrent.

   It’s just that this kind of surge is unknown to outsiders. Only those who are really acting can understand what the subsequent development represents.

  Among Du Huilian, Bryant, Liu Zhiyuan, and Chen Tao who worked together in a division of labor, Bryant responded first!

   This time, the four of them gathered together again, but this time they did not hold this meeting at Fengwu Securities, but came to Chu Huan’s office.

   “Chairman, the North American Jiaku people have found Guo Le’s descendants, and the other party has agreed to sell their shares in Yong’an Group!”

  Bryant preached with a somewhat smug expression.

  Although before this, he did not think that the acquisition of Wing On Group was an achievable thing, but now that things have progressed, he is still very happy.

Compared with Guo Quan’s many children, Guo Le’s lineage seems to be underpopulated. Guo Le has only one son named Guo Yuewen. When Guo Le was in charge of Yong’an Group in the early years, he also thought about training his son to be a successor, but Guo Yuewen himself is not very keen on succession. In addition, Guo Yuewen passed away in 1954 at the age of 49. Guo Le and his wife sent white-haired people to black-haired people.

  In the same year, Guo Le made a will, leaving most of the assets under his name to his wife Yang Xiuzhen, daughter-in-law Liang Meijun and two grandchildren, and a small part to 32 family members.

Guo Yuewen passed away, and his two sons were too young to take over. In addition, Guo Le’s health deteriorated in his later years, and he suffered two strokes. one of the reasons.

  No matter what, after his death, Guo Le’s lineage all immigrated to North America. Now Guo Le’s original shares in Wing On Group have all been inherited by his two grandsons.

   These two grandsons live in North America all the year round, and they don’t actually have much sense of belonging to the Wing On Group or the Xiangjiang Guo family.

“In addition, in fact, both of them are also dissatisfied with the current situation of Yongan Group, and think that they should be the official successors of Yongan Group, so when we offer twice the current share price of Yongan Group, they have agreed. Transferred your shares in Yongan Commercial Management Company to us!”

   Bryant continued to talk about his situation.

  When he came to report to Chu Huan, Du Huilian had already learned about this from Bryant, but he still seemed a little happy now.

  Although after decades of development, Guo Le’s lineage’s shares in Yong’an Group have been diluted no longer compared to the original, but with their shares, Jiaku’s acquisition of Yong’an is still more successful!

  Chu Huan asked: “How many shares does Guo Le’s lineage have in Yong’an Group?”

Du Huilian replied: “According to the statistics, it is 5.78%, that is to say, we now own 13.21% of the equity in Yongan Commercial Management Company. Although we still cannot obtain the decision-making power of this company, at least we have penetrated into their interior. !”

As I have said before, the Guo family does not directly hold the shares of Yongan Group, but merges their shares in Yongan Group into a company called Yongan Commercial Management. Under such circumstances, if Jiaku wants to To obtain Yongan Group, one must hold more than 51% of the shares of Yongan Commercial Management Company!

  Chu Huan nodded slightly. In another time and space, the biggest reason why Zheng Jiachun’s acquisition of Yong’an Group failed was that he underestimated the internal situation of Yong’an’s Guo family.

At that time, in Zheng Jiachun’s view, there were actually conflicts among the internal personnel of the Guo family of Wing On Group. The shares of Yongan Group, in turn, affected the decision-making of Yongan Commercial Management Company, and finally forced them to give up Yongan Group.

But the facts have proved that Zheng Jiachun’s idea is correct, but it is also wrong. It is true that the Guo family is not very united, but among the small group of people who supported their acquisition of Wing On Group, there is no leader, just rangers Scattered bravery, coupled with Zheng Jiachun’s lack of attention to them, this led to the people of the Guo family who wanted to keep the Yong’an Group and finally brought these people together again.

   Of course, there is another reason for this.

   That is, although Zheng Jiachun did not get the support of the Guo family of Yongan Group at that time, he got 25% of the shares of Yongan Group’s second largest shareholder, Singapore Overseas-Chinese Banking Corporation!

  By the way, Yongan Group at this time is just the name of Yongan from the outside world, but the full name of the listed flagship company of the real Yongan Group at this time is Yongan Life Insurance Group.

   It was not until 1984 that Yongan Life Insurance Group changed its name to Yongan Group!

As for the reason why Singapore’s OCBC Bank became the second largest shareholder of Wing On Group, it was because in 1974, Wing On Group wanted to expand their overseas connections, so it exchanged shares with Singapore OCBC Bank. After the share exchange, Singapore’s OCBC Bank holds a 25% stake in Wing On Life Insurance Group.

  In 1983, Guo Linshan, the second-generation helm of the Guo family, passed away, and Guo Zhiquan, the eldest son of Guo Linbao, took over the Wing On Group, bringing the Wing On Group into the third generation at the helm.

  During this period, the businesses of Wing On Group were mainly life insurance, securities investment, financial futures, banking and department stores operated by its subsidiary Wing On Company.

  However, in these businesses, except for the department store business, the rest of the financial futures, insurance, banks, etc. have lost a lot in a daze.

Comments from later generations pointed out: “The operation of Wing On Group can be described as ‘it is better not to do it’. Because doing less loss and less loss, not doing it, depositing funds in the bank to earn interest, or buying stocks of HSBC and Landmark to earn interest is better than trying It’s much better to try this and that, and hit the ground running.”

This is just like what later generations say about the rich second generation. If a rich second generation is honestly a dude, in fact, it is impossible for the family assets to be ruined. I am afraid that some rich second generations are more ambitious than the sky. Life is thinner than paper, and he always wants to prove that he is better than his own father, so he has the reputation of being a prodigal.

   Among the various businesses of Wing On Group, the banking industry operated by Wing On Bank has the worst performance.

  Although Wing On Bank has a long history, it has not actively adapted to and strengthened itself since the 1950s when Hong Kong’s economy was booming, so it has not developed much for a long time.

  Not only that, when entering the 1980s, under the management of Guo Zhiquan, Guo Zhiquan’s younger brother, who served as the vice chairman and general manager of the bank, Wing On Bank suffered increasing losses and problems.

   When the Hong Kong banking industry experienced another squeeze in the 1980s, Wing On Bank was not spared.

  By July 1985, Wing On Bank required shareholders to issue rights shares and raised 120 million Hong Kong dollars.

  As minority shareholders refused to issue rights shares, Wing On Group’s stake in Wing On Bank increased from 51% to 76%.

  But in less than two months, that is, at the end of August 1985, the accountant discovered that Wing On Bank had suffered huge losses.

At the end of the year, the Hong Kong government invited Hang Seng Bank to inject capital to take over the bank, only to find that all assets of Wing On Bank and the 120 million Hong Kong dollars from the rights issue had all been lost, and 90% of the loans released were bad debts, including bank vice chairman Guo Zhi Box borrowed HK$72 million with HK$5 million as collateral.

  Guo Zhiframe had died of cancer in North America a few months before the Wing On Bank accident, and the relevant loan could no longer be recovered.

   Finally let Hang Seng Bank enter Yongan Bank, replacing the Guo family as the largest shareholder of Yongan Bank.

  Under such circumstances, Overseas-Chinese Banking Corporation of Singapore was no longer optimistic about the development of Wing On Group, so it sold its shares in Wing On Group to Zheng Jiachun, which also gave Zheng Jiachun the confidence to acquire Wing On Group!

Chu Huan said: “Since you have completed the contact with the Guo family in North America, the next contact with the Overseas Chinese Bank of Singapore will be handed over to you. If we can get 25% of the shares of the Overseas Chinese Bank of Singapore in Wing On Group, Then we can do both!”

  Bryant nodded and said: “Okay, at this time we are discussing the situation of entering the banking industry in Singapore. I also have contact with Dr. Li Chengyi of OCBC Bank, and we can discuss about the sale and purchase of Wing On Group shares at that time.”

After all, it is not the end of the 1980s when OCBC Bank of Singapore sold the shares of Wing On Group, so at this time, OCBC Bank of Singapore still recognized Wing On Group at this time, so at this time, it wanted to buy Wing On Group from OCBC Bank of Singapore Shares are not an easy thing to do.

   After thinking for a while, Chu Huan said: “You tell Li Chengyi, if they Singapore OCBC Bank is willing to sell the shares of Wing On Group, we can transfer 5% of the shares of Alder Commercial Bank Singapore Branch to them!”

  Now Jiaku Bank is busy acquiring Hong Kong’s local banks, while Alder Commercial Bank Xiangjiang Branch is busy expanding its territory in Southeast Asia, and the first goal it has set is Singapore.

  Bryant smiled after listening, and said: “If this is the case, I will be more confident. I think between our Jiaku and Yong’an, as long as a normal person knows how to choose!”

  Chu Huan nodded, then looked at Chen Tao!

   Regarding the acquisition of Wing On Bank, Chen Tao was in charge of investigating the relationship between the Guo Quan lineage of the Wing On Group. This matter can be said to be the most important link related to whether the internal fortress of the Guo family in Xiangjiang can be broken.

With a shallow smile, Chen Tao revealed confidence in his eyes, and said: “Through contact with Guo Zhiyong, although the other party didn’t express it clearly, he can feel that he really cares about what happened before. There is dissatisfaction, and not only that, I also learned that there are some gaps between Guo Zhiquan and Guo Zhiframe, the brothers!”

After hearing this, Liu Zhiyuan was a little curious, and asked, “Guo Zhiquan, the two brothers and sisters of Guo Zhifang, when the accident happened, Guo Zhiquan not only did not punish Guo Zhiquan, but even promoted him to the position of general manager of Yongan Bank. How can people disagree?”

Chen Tao explained: “What we see is only the surface. When Guo Zhiquan drank too much before, he told me that Guo Zhiquan actually wanted to punish his younger brother. Instead, Guo Linshan came forward and said that they are a family. People should be united and friendly, that’s why they didn’t punish Guo Zhiframe and Guo Zhiyong, and Guo Linshan even made the decision to promote Guo Zhiframe to general manager of Wing On Bank!”

  Du Huilian shook his head and said: “That’s strange, the brothers of the first-milk compatriots disrupted each other, and it turned out that their uncle was the mediator.”

   Speaking of this, Du Huilian couldn’t help but asked Chen Tao: “Could it be that the other party is deliberately misleading you in this matter?”

  Chu Huan spoke out at this time, and said, “Probably not!”

In another time and space, after the Guo family lost control of Wing On Bank, Guo Zhiquan publicly accused Guo Zhiframe of mismanagement, but his accusation was not recognized by the Guo family. The situation expressed strong dissatisfaction.

   This also caused Guo Zhiquan to shed tears at the shareholders meeting, and later resigned, giving the position of chairman of the board of directors of Yongan Group to his cousin Guo Zhiliang.

  This is also the reason why Zheng Jiachun was convinced that the Guo family had internal discord.

However, Chu Huan made a judgment based on his own memory about the problems of the two brothers Guo Zhiquan and Guo Zhixiang. At this time, after he gave his own conclusion, Du Huilian and the others immediately looked at Chu Huan, wanting to know How did Huan judge this matter.

   “This is the information from the investigation department!” Chu Huan said calmly.

  Du Huilian and the others nodded. There was no doubt about such an answer. After all, they still knew the capabilities of the Jiaku Investigation Department.

   “If this is true, then we have more places to operate!” Du Huilian said excitedly.

  Chu Huan asked Chen Tao: “What are you going to do next?”

Chen Tao said: “Forget about Guo Zhiquan, what is the situation of the two brothers Guo Zhifang, Guo Linshan is still at the helm of the Wing On Group, so Guo Linshan’s lineage must not be contacted, and Guo Zhiquan, Guo Zhiframe The two brothers are now Now they are all high-level people in Wing On Group, and they cannot be contacted, so my idea is to contact Guo Linxiang’s line first, their line has the least authority in Wing On, and must be the most dissatisfied.”

  Chu Huan asked with a smile, “Are you confident?”

   Chen Tao nodded and said: “It’s still relatively big. As long as we can give them a price that makes them excited, I think they will seriously consider our proposal for acquisition!”

  Chu Huan nodded slightly, and said, “Very good, I’m waiting for your good news!”

   Then Chu Huan looked at Liu Zhiyuan. Liu Zhiyuan was in charge of acquiring the outstanding shares of Wing On Group and the shares held by other shareholders of Wing On Group!

  Liu Zhiyuan did not hesitate, and told Chu Huan about his progress during this period.

“Chairman, after contacting other small shareholders of Wing On Group during this period of time, these people also have different attitudes towards the sale of shares in Wing On Group. Some people are still optimistic about the signboard of Wing On Group and decided to temporarily hold Yong On Group In addition, there are some people who intend to sell the shares of Wing On Group, but they all open their mouths, hoping that we can buy them at a higher price.

  After a long period of negotiation by the company, most of the people who were willing to sell the shares of Wing On Group also chose a reasonable price, and the remaining Aku Bank will continue to communicate with them. ”

  After Bank of East Asia and Far East Bank merged, Liu Zhiyuan was promoted from the position of president of Bank of East Asia to the position of president of Jiaku Bank.

  But at this time, Chu Huan frowned slightly after hearing his answer, and asked, “How many shares of Wing On Group does the company hold now?”

  Seeing Chu Huan’s expression, Liu Zhiyuan’s heart sank slightly, and then hurriedly said: “Before, we bought 1.18% of the shares of Yong’an Group, and now we have acquired a total of 3.14% of the shares in the hands of Yong’an shareholders.”

Wing On Group has many small shareholders, seven to eight hundred people in total, and now it can be considered a success to be able to acquire 4.32%. If Bryant can successfully accept the shares of Singapore Oversea-Chinese Banking Corporation in Wing On Group, and Du Huilian’s achievements, Then the shares they hold in Wing On Group should have exceeded 30%, which greatly narrowed the gap between the two parties.

   “Well, go ahead!”

Although he is satisfied with the data, Chu Huan is still a little dissatisfied that Liu Zhiyuan did not report the data in the first time just now. Chu Huan does not need to know how Liu Zhiyuan received the shares from those people. What is the specific data of holdings.

  Finally, Chu Huan looked at Du Huilian. Du Huilian was responsible for the shares of Wing On Group in the stock market.

“During this period, Dazhong International Investment and Fengwu Securities acquired a total of 1.79% of Yongan Group’s shares!” Du Huilian also saw Chu Huan who was frowning slightly just now, and guessed the reason for Chu Huan’s dissatisfaction, so he came up and directly reported a specific data.

   Sure enough, he saw that Chu Huan didn’t show satisfaction after hearing the data, but at least he wasn’t dissatisfied, and he felt a little more at ease.

   “That is to say, we already have 6.11% of the shares of Yongan Group in our hands?” Chu Huan preached to Du Huilian after finishing his speech.

   “After Bryant has news, immediately send an application to the Yongan Guo family to acquire Yongan Group.”

At the scene, Du Huilian and the four of them all showed surprised expressions on their faces. Even if the Overseas Chinese Bank of Singapore agreed to sell the shares of Wing On Group to them, they only held 31.11% of the shares of Wing On Group. The shares in Yong’an Group are in the battlefield of Yong’an Commercial Management Company, and the two cannot be confused.

   There is still a big gap between 31.11% and 43.77%!

   “Chairman, is this a little too hasty?” Du Huilian is in charge of this matter. Now even if he knows that he may make Chu Huan dissatisfied by asking such a question, he still needs to ask.

Chu Huan waved his hand and said, “The Yongan Guo family has been working hard in Xiangjiang for decades, and the roots are deep-rooted. If there is no movement at all, if the acquisition continues like this, it will definitely cause panic in other consortiums in Xiangjiang. The process that should be followed must be It’s time to go, as to whether it’s too hasty.”

   Speaking of this, Chu Huan looked at Du Huilian and the others, and said with a smile: “If you can all do your work well, then it’s not too hasty, otherwise it’s too hasty!”

The meaning is already very clear. Chu Huan has delegated the leadership of this matter to them. With the support of Jiaku behind them, if they still can’t manage to pocket the success of Yong’an Group, then the four of them are afraid. It is important to bear the responsibility!

  The expressions of the four became tense, and it was still Du Huilian who preached: “Chairman, please rest assured!”

  Chu Huan waved his hand and said with a smile, “Since that’s the case, then go get busy!”

.

   “Boss, Roy Bentley, the boss of HSBC Bank, called and said he wanted to invite you to watch the horse race!”

  After Du Huilian and the others left, Xu Yi came to Chu Huan’s office.

   “It seems that HSBC can’t sit still!” Chu Huan said with a smile.

  The merger of Bank of East Asia and Far East Bank, although it is still countless levels behind HSBC, the meaning contained in it is completely different.

  Chu Huan believes that both Roy Bentley and Shen Bi can see the stakes!

   “Boss, are they trying to get in the way this time?” Xu Yi asked worriedly.

  Chu Huan waved his hands and said: “Roy Bentley and Shen Bi are not that stupid. Now in Xiangjiang, no one can make dirty tricks against Jiaku, even if the opponent is HSBC!”

  Xu Yi asked a little puzzled: “Then what will happen when they meet with you, the boss at this time?”

  Chu Huan thought for a while, and said, “Since confrontation is impossible, then cooperation is the only option!”

  Xu Yi asked: “Could it be that they are unwilling to lose the wage business of those factories?”

“More than 200 million Hong Kong dollars are credited to the account every month. Even if those workers take half of it, at least 100 million Hong Kong dollars will be credited to the account. It is impossible to say that HSBC does not feel distressed, but this is not hurting HSBC. I think they should have other ideas about the bone-shaking matter.”

   Chu Huan analyzed.

Xu Yi nodded, and after thinking for a while, he said: “I think for them, the real problem is that the real estate project investment department of Zhulu Real Estate is their most important problem, but there is nothing they can do about it. Ah, we pay for the money and the land. It is impossible for those cooperative real estate companies to get their housing loans through HSBC.

   If they came to you for this, it would be too much! ”

  Chu Huan asked: “How is the acquisition of Royal Bank of Scotland by HSBC going?”

Xu Yi replied: “It is still in a stalemate. According to the news from Mr. Ma, local depositors in Scotland are very resistant to HSBC’s acquisition of the Royal Bank of Scotland. Although HSBC has stated many times that HSBC has Scottish blood , but those Scots still don’t listen to this.

  Even some parties in Scotland have publicly expressed their opposition, and some local councils have even threatened to cancel deposit accounts!

  In addition, the British Monopoly and Merger Committee has a very ambiguous attitude towards HSBC’s acquisition of the Royal Bank of Scotland. Mr. Ma judged that the committee is likely to oppose HSBC’s acquisition in the end! ”

Speaking of this, Xu Yi continued to speak after being silent for a while: “And we also got a piece of uncertain news, that is, Standard Chartered Bank has also become interested in the Royal Bank of Scotland, and it is very likely that they will join this battle.” In the takeover battle!”

  Everything is messed up!

  After listening to Xu Yi’s words, this was Chu Huan’s first thought.

However, this was also expected by Chu Huan. At the beginning of the year, in order to prevent HSBC from providing funds to Jardine Matheson and assist them in purchasing Wharf stocks, Chu Huan cooperated with Takacho Mitsui to make Sakura Bank make a The trend of acquiring RBS has made HSBC advance its own process of acquiring RBS.

  In the middle of this year, Sakura Bank withdrew from this acquisition. As a result, Standard Chartered Bank, which competed with HSBC for the Royal Bank of Scotland in another time and space, is now involved again.

Seeing that Chu Huan didn’t reply after he finished speaking, Xu Yi couldn’t help asking: “Boss, what do you mean that Roy Bentley invited you to watch the horse race this time, in fact for the purpose of acquiring the Royal Bank of Scotland? ”

  Chu Huan nodded, and said with a smile: “This is the most likely, after all, HSBC is also short of money!”

  Xu Yi smiled and said: “It seems that what we spent on Sakura Bank before can be recovered on HSBC!”

Although Sakura Bank withdrew from the acquisition of Royal Bank of Scotland, some of the shares held by it have remained in the hands of Sakura Bank, but in fact, the purchase funds for these shares were provided by Japan Koku, and Sakura Bank is only holding them on behalf of them. .

   “The profit return is second, what we should do is how to find the most beneficial situation for us in their acquisition battle this time!”

   Chu Huan preached.

Xu Yidao: “It is impossible for HSBC to know that the shares of Royal Bank of Scotland held by Sakura Bank are held by us, so they are looking for you this time, it is definitely not about this matter, we have tentatively asked if we can buy HSBC The Jardine shares they hold have even proposed a directional acquisition of their newly issued shares, so the funds they need to acquire the Royal Bank of Scotland this time need to be drawn elsewhere.

   And now in Xiangjiang, I don’t think any company has more cash than our Jiaku! ”

  Chu Huan nodded, agreed with Xu Yi’s analysis, and said, “Tell me, with our help, will the chance of HSBC’s acquisition of RBS be greater than before?”

Xu Yi thought for a while, and said: “It must be bigger. If we help, first of all, they will have no problem with funding. In addition, President Ma also has a relationship with the British Monopoly and Merger Commission, so we can help They asked, but if we help HSBC, is the benefit to us worth our use of our relationship in England?

  After all, we will also enter the European banking industry in the future, and judging from the current situation, the major settlement banks in England are our best choice! ”

  Chu Huan said with a smile: “An English settlement bank is not enough to satisfy our appetite. No matter what, we must meet Roy Bentley for this side!”

   Also, correct the typo first and then change it, Huangshan continues to code~

  (end of this chapter)