456 Outlook for the Neobank Group

First of all, Li Feng first reached an agreement with John Rupert, and on the other side, Sawa Group gave up the offer for the three major watch brands of Jaeger-LeCoultre, Lange & SΓΆhne, and IWC, while John Rupert would give up 8% of the shares of Standard Bank that had just arrived and sell it to Li Feng.

After Li Feng reached a verbal agreement with John Rupert, similarly, after the merger with Sim and Sulani, Standard Chartered's business in Africa will be merged into Standard Bank, and then CSCB (Africa) will be formed, and the two will still serve as the chairman of the board of directors and CEO of the new company.

In return, Sim and Sulani first affirmed the news that Standard Bank was willing to merge with Standard Chartered, and directly threw out the bottom line of the negotiations. Of course, whether this bottom line is true or not, Li Feng doesn't care too much.

First of all, the first point is the market value of Standard Bank, before Li Feng quoted Standard Bank, the market value was about 3.8 billion US dollars, and now because Standard Chartered's offer to buy Standard Bank has been made public all over the world, the stock price of Standard Bank in Johannesburg, South Africa, has soared.

Of course, Li Feng could not buy at a higher and higher stock price, after all, this is irrational, as long as he declares that he will abandon the acquisition, the stock price of Standard Bank will fall quickly, or even lower.

Naturally, the acquisition still needs a premium, and therefore, the reserve price given by the board of directors of Standard Bank is 5 billion US dollars, that is, a premium of 25% on top of Li Feng's quotation of 4 billion US dollars, which is considered a whole round, for such a price, Li Feng agreed after a little thought.

The second point is that the board of directors of Standard Bank hopes that Li Feng will first take control and then merge, in fact, to put it bluntly, it hopes to acquire all the shares of Standard Bank in the form of cash and shares, rather than all of them at once.

In fact, more people think that they can give up their shares in CSCB (Africa) and hope to get a stake in the headquarters holding group. In the face of such a request, Li Feng also agreed with a smile, saying that the head office itself occupies the absolute majority shareholder, and there is no reason not to agree.

……

Since the two sides have reached a preliminary intention, the next thing will be easy, and similarly, Li Feng handed it over to Wu Jianmin and others to deal with, after all, Standard Bank will be integrated into the new banking group.

It takes a whole process, starting with the acquisition of Standard Bank, to the temporary delisting of the stock market, the restructuring of the Africa division, and finally the re-listing. Similarly, with the acquisition, merger and reorganization of Standard Bank, the title Standard Chartered Bank is well deserved.

"So long this is the case, Rupert, Sim, Sulani, I will leave the next specific negotiations to Dominic, Pierce, Davis, and they will talk to you, and I hope that the plan can be realized as soon as possible, and our new banking group will appear to the world as soon as possible. ”

Seeing that his goal had been achieved, Li Feng suddenly said happily to everyone.

"BOSS, don't worry, since we have unified the general strategy, the next thing is our business, you just wait for the result. Wu Jianmin replied with a smile.

"John, since this is all the case, I will ask the lawyer to arrange contact with Dominic and them, and talk about it as soon as possible. ”

"Mr. Lee, since we have been able to meet the requirements of the board of directors and shareholders, I think Sim and I have no reason to object, and I hope that we can cooperate happily in the future, and in the future, we will also call you 'BOSS'. ”

β€œβ€¦β€

John Rupert and Sullani echoed the words.

……

"BOSS, that's the general situation, this is the specific situation of our entire CSCB Holding Group and the four major divisions of CSCB in the future. ”

After nearly 10 days of detailed negotiations, an agreement was finally reached and the result was reached, and then Wu Jianmin and a group of management made a detailed document according to the framework that had been prepared for a long time and submitted it to Li Feng and the board of directors.

Yes, after the formal acquisition of Standard Bank, the board of directors, shareholders' meeting and management of Standard Chartered Bank Holding Group were established, for example, the different funds, major shareholders and directors secretly established by Li Feng.

Nominally, Li Feng only holds 4.9% of the shares, the rest including the major funds hold nearly 75% of the shares, the original Standard Bank shareholders occupy about 5% of the shares, including the Huaxia Government Fund, and some other funds, financial institutions, etc., a total of 15% of the shares.

In fact, there are still some shares that Li Feng took the initiative to sell, for example, Li Feng's holding fund now gets 1.5 points of Citibank's shares, which is exchanged for 5 points of shares in the new banking group, and Li Feng has also become a non-executive director of Citibank.

The rest, including Rockefeller and the Roosevelt family funds, also control a total of 5 points of shares, as well as some Wall Street institutions, such as Morgan Stanley, etc., as well as several partners of Li Feng, such as Carlyle Investment, investment companies under the RAND Corporation, etc., which are prepared for future re-listing.

It can be seen from this share ratio that Li Feng is firmly in control of the banking group, after all, the 8-layer shares are Li Feng's words.

……

In addition to the shares of the holding company of the headquarters, the next step is the specific shares of the four key divisions.

Among them, CSCB (Americas) is dominated by East West Bank, combined with the original Standard Chartered business in the United States, with the combination of each other, the holding group holds more than 80% of the shares, and the remaining less than 20% of the shares, shareholders include the original China Asset Management, several family funds, Bank of America, etc.

After the integration, CSCB Holding Group directly controls 80% of the business, and the remaining 20% is the major funds of the Huaxia government, and a part of it will be divided into contact with those wealthy families in Xiangjiang in the future.

Among them, the shares of the domestic Minsheng Bank controlled by the original East West Bank were transferred by Li Feng, after all, Li Feng knows very well that the future domestic Minsheng Bank will have a market value of 7 or 80 billion US dollars, so it is a pity that it is under the name of the new bank.

CSCB (Africa) is naturally based on Standard Bank, supplemented by the original Standard Chartered Bank's African business, the previous holding company with 2.5 billion gold plus the merged Standard Chartered business, CSCB Holding Group holds 70% of the shares, and the remaining 30% are the shareholders of the original Standard Bank.

The shareholders of the original Standard Bank, in addition to the initial opposition to the complete withdrawal, some shareholders are still willing to get the shareholders of the African company, and some want to get the shares of the holding group, and Li Feng can be regarded as satisfying their wishes.

Finally, the remaining business of the former Standard Chartered Bank, together with the previous expansion and acquisition of businesses outside of China in Asia during the financial crisis, directly inherited the name of CSCB, and in addition to the Asia-Pacific and Middle East regions, it will focus on developing its business in Europe in the future.

This business, thanks to Li Feng's previous acquisition of shares and the privatization of the stock market, the holding group is almost 100 holdings, that is, Li Feng controls 80% of the shares through the parent company of the holding group.

The four divisions complement each other and are closely linked to ensure that CSCB can open its business globally in the future.

……

Looking at the report in his hand, Li Feng was satisfied and happy, thinking that he had finally achieved his dream.