197 Battle of Hutchison Whampoa (6)
Shen Bi said: "Whether HSBC has to discuss whether it is a loan or not at the HSBC board meeting, this is the board of directors of Hutchison, and I will not discuss this matter today."
The reason why I oppose it is because although Xu Sheng is a business wizard, after all, he has no experience in managing large companies, and I don't think that this financing of Hutchison Whampoa will be beneficial to the long-term development of the enterprise!"
Wei Li smiled: "Mr. Shen Bi is worried too much, Xu Sheng is just investing, and the operation of Hutchison Whampoa is still in charge of himself." ”
Shen Bi glanced at Wei Li and said, "Hutchison hasn't gotten rid of the serious debt problem at present, I just think it's time to change the management!"
"You ......" Wei Li was immediately angry, although he and Shen Bi had many contradictions, and everyone knew about it, but it was the first time that Shen Bi said this in front of so many people.
Shen Bi said directly: "Hutchison's current difficulties cannot be solved by a large-scale financing, even if he gets 1 billion Hong Kong dollars and pays off a lot of debts, but without strong profitability, it will still decline sooner or later."
The reason why we HSBC sold the stock to Li Jiacheng is to value his ability to control Hutchison, the current achievements of Cheung Kong are very clear, 10 years ago, Cheung Kong was only a small and medium-sized real estate company, but now, in terms of land reserves, Changjiang is already the most company in Xiangjiang, more than 30 real estate projects under construction, with an annual profit of more than 100 million Hong Kong dollars, these are Li Sheng's self-made step by step up, by him to control Hutchison, is the best choice!"
After listening to Shen Bi's words, Xu Zhi couldn't help frowning, he couldn't imagine that Shen Bi would support Li Jiacheng so directly.
Wei Li said disdainfully: "Speaking of self-made, it is not Li Sheng's turn to show off here, right?"
Shen Bi smiled and said, "It's true, but when it comes to business ability, no one here can compare to Li Sheng!"
Wei Li said: "Today's discussion is about financing, can other things be talked about later, now please all directors vote, agree to raise their hands." ”
Except for Li Jiacheng and Shen Bi, everyone else raised their hands, and Wei Li smiled with satisfaction: "Okay, if the number of voters exceeds 2/3, the company will carry out private placement financing for Evergrande Group." ”
"Wait. Shen Bi suddenly interrupted: "If you really agree to this matter, then please pay off all the loans owed to HSBC by Hehuang first." ”
Wei Li's face changed, and he asked, "Shen Bi, what do you mean?"
Shen Bi smiled and said: "According to the banking laws of Xiangjiang, when the bank believes that the company does not have the appropriate ability to repay the debt, it has the right to require the debtor company to repay the loan in advance.
Wei Li sneered: "This one is true, but we have just received 1 billion Hong Kong dollars in financing, and you suspect that we have no ability to repay our debts, isn't it a joke?
Shen Bi said with a smile: "One billion is just a one-time time, what will happen in the future, who can say clearly, I can't control your financing, but if the debt can't be paid off, then it can only be seen by the court." ”
Wei Li said disdainfully: "The court is not your HSBC family. ”
Xu Zhi suddenly asked, "How much does Hutchison owe to HSBC?"
Shen Bi smiled: "This question is still answered by Mr. Wei Li. ”
Wei Li snorted coldly and replied: "The head office owes 800 million Hong Kong dollars, but our subsidiaries owe almost 1.3 billion Hong Kong dollars in total. ”
"2.1 billion. Xu Zhi couldn't help smacking his tongue, but if he thought about it carefully, Hutchison's market value was almost less than HK$3 billion before the surge, but the company's net assets were claimed to be more than HK$6 billion, and the gap was naturally debt.
Previously, HSBC was the major shareholder of Hutchison, and Hutchison Development needed to borrow, so it naturally gave priority to asking HSBC for it, owing 2.1 billion Hong Kong dollars, which seems to be about the same!
The HK$2.1 billion is not all Hutchison's debts, of which HK$1.3 billion is the total debt of its listed companies, and Hutchison Whampoa, the head office, only holds shares in its branches, and the debts of the branches are not only Hutchison's, but also the shareholders of other branches.
But Shen Bi's meaning is very clear, all the money must be returned, otherwise he will go to court.
Although it is not very argumentative, if this kind of thing really goes to court, it will cause great harm to the normal development of the company, because other banks are likely to collect debts together because of panic, especially the other party is HSBC, the "central bank" of Hong Kong!
Shen Bi threw out the last fire and said, "It's better for everyone to think clearly, don't affect your own industry because of other people's companies." ”
After saying that, he glanced at Kadoorie and the stool a few more times.
When the two of them saw that the flames of war were burning on their side, they immediately frowned, but they quickly returned to normal, although they were annoyed by Shen Bi's invisible threat, but when they thought about it carefully, today's incident actually had nothing to do with them at all.
On one side is the management of Hutchison and the new Chinese tycoons, and on the other side is HSBC and Li Ka-shing, although their own strength is not weak, but there is no need to offend any party for anything that does not have any interests.
Michael Kadoorie shook his head and said, "I have decided to abstain from voting on today's proposal of the Board of Directors. ”
Shi Huaiya also followed: "I also abstain!"
Wei Li suddenly said urgently: "You ......"
Shen Bi was very satisfied, and said with a smile: "Wei Li, the two directors abstained, and now it has not reached the approval rate of 66.7%, I think this matter still has to be considered in the long run!"
Xu Zhi shook his head and smiled and said, "Mr. Shen Bi is playing so big, have you really thought about it?"
Shen Bi said: "Xu Sheng, I, Shen Bi, have worked in Xiangjiang for more than 20 years, you are one of the few people I admire, I don't want anything unhappy between us, and the matter of Hutchison involves the future strategic development of my HSBC Bank, Li Sheng's business ability You also know that it is not bad to be a shareholder who directly has a large number of dividends?"
There are countless high-quality companies in Xiangjiang, as long as Xu Sheng looks at any company, I HSBC is very willing to be an adult. ”
Xu Zhi smiled: "Yes, what if I take a fancy to Hang Seng Bank?"
Shen Bi was not angry, and said: "Xu Sheng is really joking, but what I said before is true, I hope we can have more cooperation in the future!"
......
Following the board meeting, in Willy's office:
"It was supposed to succeed soon, but I didn't expect to fall short in the end!" Wei Li's face was very ugly, and he said resentfully.
After the "mutiny" of Madden and Kadoorie, several directors of Hutchison also followed, they all had their own properties, and they were only suspended on the board of directors of Hutchison, so how could they offend HSBC, the largest wealthy man in Hong Kong, because of this.
Xu Zhi shrugged his shoulders and said: "I didn't expect that Shen Bi would play so hard, in order to help Li Jiacheng, he can be regarded as scheming!"
Wei Li said: "Then what should we do next?"
Xu Zhi said with a smile: "Since Plan A has failed, of course I will prepare Plan B." ”
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