Chapter 203: HSBC's Troubles
HSBC Chairman Shen Bi is very troubled now, just today, he received countless phone calls, saying the same thing, HSBC's control of the shares of Heung Kong Electric Light and Heung Kong Telephone Group. Flash Dance
Whether it is Li Ka-shing, Xu Shixun, Pao Yugang, Stanley Ho and others on the Chinese family's side, or John Schwya, John Madden of several families of the British-funded consortium, they all called him, and even the head of the Keswick family in Britain called him personally.
On the morning of the second day, Shen Bi convened a high-level meeting of HSBC.
Shen Bi said: "The hottest thing in Xiangjiang in the past two days, I believe everyone knows. Just yesterday, the Lee Group and the Jardine Matheson Group respectively completed the acquisition of all the shares of all shareholders except our HSBC, and now both the Lee Group and the Jardine Matheson Group respectively hold about 46 shares of the two groups of Heung Kong Electric and Heung Kong Telephone, and we have now become the key to the victory or defeat of the two groups. ”
A vice chairman of HSBC said: "Chairman, as a British bank, I would suggest that we should transfer our shares to Jardine Matheson. This is to safeguard the interests of our British, and we must not allow Lee Guangyu to succeed in this acquisition. ”
The vice chairman who spoke was sent to HSBC by a major shareholder of HSBC to watch HSBC. As a British, the vice chairman disliked the policies that Shen Bi had implemented at HSBC. This time, he does not want HSBC to hand over the shares of these two groups to Li Guangyu as it did last year, so that the Jardine Matheson Group will fall short.
Immediately after the vice chairman finished speaking, a Chinese executive said: "Chairman, you must know that this competition between the two groups of Heung Kong Electric Light and Heung Kong Telephone involves the competition between the current Chinese family and the British-funded foreign firm, once we transfer the shares to Jardine Matheson, then we will lose the business of the Hong Kong Chinese family, especially the Li alliance headed by Li Sheng." ”
"We need to know that the Lee Group's business in our bank is already huge, and with his relationship with the major families in Hong Kong, we have to consider whether we at HSBC can afford such a loss once we do this. You know, a lot of the business of several major foreign banks is on the side of Standard Chartered Bank, even if we help them this time, they will not transfer all the business to our side. ”
The reason why HSBC can beat Standard Chartered is because HSBC has a close relationship with the Chinese family in Xiangjiang, and the Chinese family in Xiangjiang basically handles business in their HSBC bank.
Thinking about the families behind Li Guangyu now, once HSBC supports Jardine Matheson this time, Li Guangyu and they will definitely not maintain such a relationship with HSBC again.
You must know that the families behind Li Guangyu are the main sources of HSBC's business, whether it is the He family, or Li Ka-shing, Kwok Tak-sheng, Lee Shau Kee and Bao Yugang, etc., they all contacted HSBC this time, hoping that HSBC can transfer the shares of these two groups to Li Guangyu this time.
Shen Bi said: "Let's think about it, what do we at HSBC do to avoid offending these two major consortia as much as possible." ”
Shen Bi is also very distressed, as a British-funded bank, it should have been to support the consortium in his country, but for the benefit of HSBC, it is more advantageous to support the Li Group, and it is difficult for him to make this decision now.
None of the top brass answered, not even the vice chairman who had just clamored for the transfer of shares to Jardine Matheson, and the interests of HSBC made him have to stop thinking just now.
Shen Bi saw that the senior management did not express their opinions, and said, "This afternoon, Mr. Li Guangyu and Mr. Niu Bijian will come to our HSBC to discuss the shares of the two groups, Heung Kong Electric and Heung Kong Telephone, and we must now come up with a set of plans, how should we deal with it." ”
At this time, an HSBC senior executive said, "Chairman, or we HSBC continue to hold shares in the two groups, and no one will transfer them." ”
As soon as he finished speaking, one of them answered, "Chairman, we must not continue to hold the shares of these two groups at this time, which will make us offend the two major consortia at the same time, and they will not rest assured that the shares will be in our hands." ”
"Whether the Lee consortium is the largest shareholder of the two groups or the largest shareholder of Jardine Matheson, once we continue to hold it, they will be worried that the group will change owners at the next moment. ”
The general manager of the investment department complained, "If we had known that this would happen, we might as well have given them the shares out when they started to snap up on the stock market, and we wouldn't be in such an awkward position now." ”
Shen Bi also regretted it a little, and at that time he thought that he could be a favor and make a lot of money. It's just that I didn't expect the Li Group and the Jardine Group to come so fiercely and so quickly. In just two days, the shares of the two major groups were basically bought out, except for his shares in HSBC, which still play a decisive role today.
When the meeting was held on the HSBC side, Li Guangyu was also discussing the acquisition of HSBC in the afternoon.
Li Guangyu is also very annoyed now, and his company has run out of liquidity after acquiring shares in several major families. This is still enough when another billion Hong Kong dollars have been transferred from Xingyu Group.
Li Guangyu now holds 465 shares of Heung Kong Electric Group, which has cost 45.3 billion Hong Kong dollars since the acquisition, while Heung Kong Telephone Group has 457 shares, with a total cost of 34.3 billion Hong Kong dollars.
For this reason, Li Guangyu transferred 5 billion Hong Kong dollars at the beginning of the year, Li Xuemei also transferred 2 billion Hong Kong dollars, and some of the profits of Tianyu Investment last year were not enough, so Li Guangyu transferred another 1 billion Hong Kong dollars from Xingyu Group for this reason.
Today, Yu Investment has less than 400 million Hong Kong dollars on its books, and if he wants to buy the shares in HSBC's hands, Li Guangyu must raise a large amount of funds.
For this reason, Li Guangyu said, "Xuemei, you contact Mr. Gan Qinglin and ask him to transfer the billion-dollar loan he obtained from Sumitomo Bank to us, and then we will acquire these two groups first, and then we will raise funds on Jaguar's side." ”
Li Xuemei said, "Okay Li Sheng, I'll go and contact Gan Sheng." ”
To win the shares in HSBC's hands this time, Li Guangyu still needs nearly 1.5 billion Hong Kong dollars. This is still at the current three-storey market price, once Jardine continues to raise the price, I don't know how much more.
However, Li Guangyu feels that Jardine is in trouble now, and he himself has spent nearly 8 billion yuan, even if Jardine Matheson Group starts to have a lot of shares, in the subsequent acquisitions, it will be the same as himself at the same price as the market price of the acquisition, which will cost nearly 4 billion Hong Kong dollars. This is not counting the funds he used to snap up Wharf shares, and it is estimated that Jardine Matheson is also short of funds now.
At this time, in the office of Jardine Matheson Group, the chief financial officer, Wei Jiali Deshawn, reported the acquisition to Niubijian.
"We have raised the shares of Heung Kong Electric Group to 453, Heung Kong Telephone Group to 452, and Wharf to 368, and we are now close to running out of funds, and we have spent nearly 5 billion Hong Kong dollars on this acquisition. ”
Niu Bijian's face is also a little unsightly, Jardine raised 2 billion Hong Kong dollars and then took out a loan of 2 billion Hong Kong dollars in Standard Chartered Bank, and also borrowed 1 billion Hong Kong dollars in HSBC.
"I will immediately contact Standard Chartered Bank to seek another loan of HK$1.5 billion for the acquisition of HSBC's shares. ”
Wei Jiali Deshawn said, "Chairman, so do we continue to buy Wharf stocks, and now Pao Yugang has also begun to act in the stock market." Obviously, they are ready to come and snap up the Wharf Group with us when we are short of funds. ”
Niu Bijian really had a headache at this time, Bao Yugang came out again, to talk about the three groups, in fact, Wharf is the most important. The two groups of Heung Kong Electric and Heung Kong Telephone only have a great impact on the public, and they cannot be compared with Wharf in terms of profit, and Niu Bijian does not want Wharf to be separated from the control of Jardine Matheson Group.
"You give me to continue to buy Wharf, and if the funds are insufficient, I will find another way." ”
Niu Bijian felt that it seemed to be a mistake to snap up the shares of the two groups at the same time with Li Guangyu, and the current flow of the Li Group was really terrifying. Without taking out loans from major banks in Xiangjiang, he was able to mobilize 8 billion Hong Kong dollars.
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