Chapter 395: Jardine's Dilemma

Lee Guangyu took the huge profits he made in the stock market and injected them into several major groups to accelerate their expansion, while Jardine Matheson had to face the consequences of Niu Bijian's wrong decision.

This time, Jardine Matheson Group lost tens of billions, even if the Jardine family has a big business, it can't bear such a loss. In particular, this stock market transaction is mainly due to a few major shareholders of Jardine Matheson, and it has nothing to do with ordinary shareholders.

This time, the Kaswick family and his cousin Jardine's family were responsible for the investment in the stock market, which put considerable pressure on the two families.

The collapse of the Hong Kong stock market also made their shares not very valuable, and the blind expansion of Jardine Matheson during the New Bijian period was already quite tight, which also brought great difficulties to the development of Jardine Matheson.

In the office of Jardine Matheson, Henry Keswick is contacting the Jardine's family in London to discuss how to get through the current difficulties, although the two families have mobilized 5 billion Hong Kong dollars, but there is still a gap of 6 billion Hong Kong dollars, and they must make up for this.

After some negotiations, because Henry Keswick insisted on not wanting to sell the company in his hand, the Jardine's family finally agreed that the two families would mobilize three billion Hong Kong dollars again in proportion to make up for the losses here.

This loss made the two families lose more than half of their hundreds of years of accumulation, and it was Henry Keswick who assured the Jardine's family that the company would have very good returns, and the Jardine's family agreed to mobilize some funds from the family, and many of the funds were mortgaged by the bank with the company's shares.

At the same time, the Jardine's family asked Henry Keswick to deal with a number of low-profit enterprises, revitalize the capital chain of the Jardine Group, and reduce the debt of Jardine Matheson, including the Heung Kong Electric Group.

The Jardine's family was a little dissatisfied with the holding of this group at that time, and spent a huge amount of money to control such a company with limited profits, and there was really no place to spend money. If it weren't for the persuasion of both the Niu Bijian and the Keswick family to suppress the momentum of the Lee Group, the Jardine's family would not have agreed to do such a thing.

After Henry Keswick hung up the phone, he sat alone in the office, thinking about how the future of Jardine Matheson Group would go, the failure of this investment, not only the two families of their two families suffered huge losses, but also the Jardine Matheson Group was affected by the stock market crash.

If there is a choice, Henry Keswick really doesn't want to sell his group, he has just taken over the Jardine Group, and he will sell the companies of the Jardine Group immediately, which makes Jardine Matheson think internally, it will only show his incompetence, and he can't even keep his own company.

Especially during this period of stock market crash, it will definitely take a toll on the confidence of Jardine Matheson employees. Henry Keswick didn't want his time at Jardine Matheson to start like this, and it wasn't a glorious start for him.

In order to make up for the remaining shortfall, Henry Keswick specially contacted Shen Bi and George Lavin, hoping that they could provide loans to Jardine Matheson Group to make up for the losses in the stock market.

George LaVine rejected Henry Keswick's request on the spot, and also reminded Henry Keswick that due to the collapse of the stock market last year, the value of the collateral was now insufficient, and Jardine Matheson needed to make up the difference as soon as possible.

Henry Keswick almost exploded, I came to you for a loan, but you asked me to continue to make up the difference in the loan, what do I do with you when I have money.

Henry Keswick also didn't get much from Shen Bi's side, and now many of their shares in Jardine Matheson have been pledged by New Bijian to Standard Chartered and HSBC in exchange for funds for rapid expansion.

Now that the stock market has plummeted and the value of his shares has been greatly discounted, he still needs to take more shares to pledge to make up the difference, and in the end there are really not many shares to pledge.

At 3 p.m. on the 8th, the senior management of the Jardine Matheson Department held a meeting of shareholders and senior management, and Henry Keswick explained the current predicament, and asked everyone to unite and lead the Jardine Group out of the predicament.

The people who attended the meeting had different minds and were all playing their own small calculations, especially the major shareholders of the Jardine Matheson system, many of them are major shareholders of the listed companies under the Jardine Matheson Group.

Among them, there is Wang Xinyu, director of Heung Kong Electric Group, Li Group is the second largest shareholder of Heung Kong Electric Group, and the vice president of Xingyu Group is also a director of Heung Kong Electric Group.

It's a pity that the content of this meeting disappointed her, and it didn't reveal anything valuable, all of which were words that encouraged everyone to work together and lead the development of the group. There is no indication of how Henry Keswick is going to solve this problem.

Henry Keswick didn't plan to say his own approach at the meeting, he knew that many of the shareholders were not on the same page as him, and there were even people who wanted to see Jardine go out of business. If you tell the plan yourself, isn't this sticking your head out for people to slaughter?

At the end of the meeting, Henry Keswick left his cronies behind to discuss with them which of the group's companies would be the best one to sell.

The top management also knew the current form of the group, as well as the plight of the Keswick family and several other shareholders, if it was only the Jardine Matheson Group, the Keswick family and the Jardine's family would still have the funds to fill the gap.

But now the two families have suffered heavy losses due to the stock market, and they have no spare strength to help the Jardine Group, so if Jardine Matheson wants to get out of the predicament, he must have the determination of a strong man to break his wrist.

One of the senior officials said: "We need a lot of money this time, just selling sporadic small properties will not help the group out of the predicament, so we still have to be prepared to sell listed companies." ”

Henry Keswick said: "I ask you just to find out which public company you think is appropriate for us to sell. ”

At present, the more important enterprises of Jardine Matheson are Jardine Land, Heung Kong Milk Company, Mandarin Oriental Hotel, Wellcome Supermarket, Xiangjiang Electric Light Group, etc., and Henry Keswick has not determined whether the group will sell those companies to revitalize the development of Jardine Matheson.

One of them said: "Jardine Land is our flagship, we can't afford to give up, and we can't afford to give up here because Dairy Farm and Wellcome have a steady stream of cash for us. As for Mandarin Oriental and Heung Kong Electric Group, it's up to you how you plan it. ”

Henry Keswick was interested in selling the Heung Kong Electric Group, and the Jardine's family agreed. It's just that last year, it was controlled at such a high price, and now it is being given away at a low price, which makes Henry Keswick a little difficult to accept. In just over a year, he lost billions, and this investment really made him a little unwilling.

Henry Keswick had been deliberating with the executives for a while, but he still hadn't immediately decided which company to sell.

Wonderful Book House