845 Acquisition Plan
It is not difficult for Xiao Yao to take a stake in Fenghui Bank, but it is very difficult for Xiao Yao to get control of this bank, and he must have the right opportunity to do it.
Founded in 1865, Fung Hui Bank has a long history and is the largest registered bank on Hong Kong Island.
As a leader in Hong Kong Island's financial market, the bank has a market share of 2 per cent in the deposit market, a market share of 2 per cent in credit card balances, a market share of about 1 in 7 and a market share of 2 per cent in the mortgage and life insurance markets respectively.
On April 2, 2007, Harvest Bank (China) Co., Ltd. officially opened, headquartered in Magic City, China, as a wholly foreign-owned bank wholly owned by Hong Kong Island Magic City Harvest Bank Limited, and its predecessor was the original Chinese mainland branch of Hong Kong Island Magic City Harvest Bank Limited.
Xiao Yao's business is enough to form a large consortium, especially after he took over the more than $300 billion property of the DuPont family, and the Swire Consortium under his name can be regarded as a large consortium even if it is placed on a global scale.
"I can't let go of the opportunity to take control of Fenghui Bank, I don't know much about the current situation of Fenghui Bank, and I need you to introduce it to me. ”
The bank has a significant presence in Asia, and its profits are mainly derived from its Asian operations. In 2017, the pre-tax profit of Fenghui Bank was US$17.2 billion, of which the profit in Asia was as high as US$15.3 billion, which is very impressive.
With such a huge drop in a short period of time, acquiring Harvest Bank at this time allows you to pay the least amount of money and gain control of Harvest Bank. ”
But he really didn't know that the stock price of Fenghui Bank had been cut in half, and this decline figure was really a bit amazing.
Trillions of Hong Kong dollars have evaporated in a short period of time, which is a bit surprising.
Retribution is coming soon!
Even in modern times, the main business of Fenghui Bank is mainly in China, and most of the revenue sources are mainly from Greater China, so it can be said that the profits of Greater China determine the market value of Fenghui Bank.
Most of these profits in Asia come from Chinese mainland, Hong Kong, Taiwan and Macau, and the Pearl River Delta region alone contributes about US$500 million to HSBC.
At present, most of the profits of Fenghui Bank come from the Greater China region, and it stands to reason that Fenghui Bank should attach great importance to customers and markets in Greater China, but this is not the case in practice, and it can even be described as difficult to describe.
As early as 2012, Fenghui Bank was targeted by the Ministry of Law of the United States for transferring money to Mexican drug lords, and was sentenced to a huge fine of $1.9 billion by the United States at that time, which is definitely a huge scandal in the banking industry. Later, the Ministry of Law also sent a group of "monitoring staff" to Fenghui to supervise its transactions.
In this context, Fenghui Bank in 2017 was once again targeted by the judicial department of the United States.
Because of the seriousness of the problem, in order to exchange for the forgiveness of the United States and avoid huge fines, under the coercion and temptation of the United States, Fenghui Bank "cooperated" with the Ministry of Justice of the United States to launch an investigation against Huawei Wei, and the main object of the investigation was Huawei and some partners in Iran.
However, Huawei Technology is hard, and its bones are harder, and it has never been listed. Huawei is not listed, which means that it is inconvenient for the United States to control, and Wall Street financial giants have nowhere to make profits.
In 2013, Meng Qingzhou once provided a PPT document to Fenghui Bank, proving that Huawei and the Iranian partner were only normal business relations and did not have any violations, but in exchange for the forgiveness of the United States, Fenghui Bank tampered with the PPT document of Huawei and handed it over to the United States under the instruction of the United States, and finally this PPT became one of the important reasons for the detention of Meng Qingzhou by the United States.
Now Fenghui Bank has been caught by the legal department of the United States, and at the same time it has lost the trust of customers in Greater China, and it is in a difficult period of internal and external troubles.
It was precisely because of this that Morgan and Rockefeller had such a plan.
JPMorgan said: "Chairman rest assured, it is no problem for our two families to join forces to win such a large international bank with internal and external troubles." Besides, we can also use the prestige of the president, as long as we talk to the outside world, the chairman you want to take the controlling stake in Fenghui Bank, presumably other consortia will not dare not give face. ”
"Of course it's useful, and it's useful, and your face is more awesome than our Morgan and Rockefeller families combined. The DuPont family disappeared in three days, and with this example, it is not an irreconcilable contradiction that is a matter of life and death, and surely no one wants to be the enemy of the president. ”
The conflict between Xiao Yao and David DuPont in the club, there were other people present at the time, and many people saw this process, when Xiao Yao said that he wanted the DuPont consortium to disappear within three days, and the people who heard this sentence were not one or two.
Those top consortia in the world have basically dealt with Panwu, and even if they haven't dealt with it, at least they have heard of this person and some of his legendary things.
Before the fall of the Dupont family, people may have doubts about Xiao Yao's inheritance of Panwu's ability, but after this incident, no one doubted Xiao Yao's ability.
There are many legendary deeds of Panwu, and anyone who goes against him basically does not end well. But Panwu will never be able to do it, and in just three days, the world's top chaebols like the DuPont consortium will disappear. He can do it to bring down the DuPont consortium, but it also takes time, and without a year and a half, Panwu will definitely not be able to do this.
Now that it has been decided to take Fenghui Bank into the bag, Xiao Yao will next learn about the shareholder composition of Fenghui Bank.
Morgan said: "We are the third largest shareholder of Harvest Bank, with a 4.93% stake in Harvest Bank. In fact, we also secretly own 9.45% of the shares of Fenghui Bank through other institutions. In other words, we **** hold a total of 14.38% of the shares of Fenghui Bank.
In addition to the three shareholders on the surface, the number of shares owned by other shareholders is not large, and the largest number of shares is less than 3%.
"If I can successfully acquire Fenghui Bank, it shouldn't be difficult to solve the problem on the side of the United States with the influence of the two of you. After the announcement of Fenghui Bank's decision to become a Chinese-funded bank, those troubles in China will naturally be solved. In other words, once my Swire Investments successfully acquires Harvest Bank, it will not take long for Harvest Bank's market value to return to its peak, and I am very confident about that.
Then Xiao Yao said to Daniel: "After the successful acquisition of Fenghui Bank, the market value of Fenghui Bank has risen sharply, this is a certain thing, I authorize you to use the proceeds of this time to acquire as many shares of Fenghui Bank as possible from the market, and after the market value of Fenghui Bank reaches its peak, then appropriately reduce the shareholding ratio." ”
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