Chapter 401 The acquisition target is changed to a bank
Although the acquisition of Xiangjiang Telecom can make Lin Cheng famous, reach the wide popularity of Li Xiaochao after completing the snake swallowing elephant in the previous life, and be on an equal footing with the older generation of wealthy people in Xiangjiang, but fame and status are far from compensating for the loss of money.
Chen Huiyi also breathed a sigh of relief after seeing Lin Cheng give up the acquisition of Heung Kong Telecom, which is one of the largest stocks in the Hong Kong stock market by market capitalization, and if Lin Cheng still wants to buy it, Chen Huiyi does not have the ability to help Lin Cheng complete the acquisition.
This kind of consortium-level M&A can only be completed by the world's top investment banks, such as Goldman Sachs, such as ****, Citigroup, and Morgan Stanley.
Chen Huiyi breathed a sigh of relief, but Lin Cheng scratched his head a little, the reason why he wanted to acquire Xiangjiang Telecom, using it to make money was secondary, mainly to achieve the achievement of Li Xiaochao in his previous life to become famous in one fell swoop.
In his previous life, before Li Xiaochao acquired Xiangjiang Telecom, his reputation could only be said to be very ordinary, and people would only say that he was Li Chaoren's youngest son, and his popularity was lower than that of the low-key Li Dachao, at least Li Dachao was kidnapped by Zhang Ziqiang, but he ruthlessly brushed the next wave of popularity.
After Li Xiaochao completed the acquisition of Heung Kong Telecom in the millennium, Li Xiaochao really became famous in one fell swoop, and his popularity and influence reached the highest level in 2000, and he was known as Little Superman in the three places across the Taiwan Strait, and he was also honored in major financial magazines in the West, and his status was elevated to the extent that he was on a par with Li Chaoren, Li Zhaoji, Zheng Yutong and other wealthy people of his father's generation, and he was in the limelight for a while.
In his previous life, when Li Xiaochao was at his most popular, even Lin Cheng, an otaku who had no interest in financial news, knew Li Xiaochao's proud acquisition of Xiangjiang Telecom, which shows how well-known he is.
It was because he was too impressed by Li Xiaochao's famous work that Lin Cheng never forgot to buy Heung Kong Telecom and transfer Li Xiaochao's destiny to himself.
It's a pity that Lin Cheng was too uneducated in his previous life, and he didn't even really understand the reason for PCCW's decline, and almost stepped into the pit.
Now that Lin Cheng has given up on acquiring Heung Kong Telecom, it means that his plan to improve his status and influence has suffered a major blow, which has made Lin Cheng extremely disappointed for a while.
Originally, Lin Cheng planned to successfully acquire Xiangjiang Telecom, he could be on an equal footing with Li Chaoren, Zheng Yutong, Shao Liushu and other rich predators, and then his influence in China would also rise, and the government would put him at the level of Li Chaoren, Zheng Yutong, and Shao Liushu, and absolutely no one would dare to fight him again.
However, after learning from Chen Huiyi's mouth that the Xiangjiang government had cancelled the telecommunications monopoly management right, Lin Cheng knew that he could not do anything, and if he had to pay more than 100 billion Hong Kong dollars to improve his status, Lin Cheng would be absolutely unwilling to be stingy.
Lin Cheng is not Li Xiaochao, even if he loses a lot of money, he still has Li Chaoren's support.
Li Xiaochao has Li Chaoren as the backstage, even if PCCW loses money in Xiangjiang, he can still open Yingke to the mainland, turn to the most profitable real estate business, and can also install a gimmick of technology housing for the commercial residence he built.
It's just that the acquisition of Xiangjiang Telecom is yellow, and what kind of company should be acquired to achieve the same level of influence that Li Xiaochao successfully acquired in his previous life?
By the way, didn't you come to Xiangjiang to buy a bank, as long as you bought a bank by yourself, you could also achieve the goal of improving your status.
Although the influence of the acquisition of the bank may not be as sensational as the acquisition of Xiangjiang Telecom, isn't it the right time to establish the Lin consortium?
As long as they successfully complete the acquisition of banks and insurance companies in this wave of financial crisis, the prototype of the Lin consortium can be initially established.
Thinking of this, Lin Cheng asked again: "Huiyi, last year I asked you to help me pay attention to whether there are any banks in Xiangjiang that are on the verge of failure, how is the situation now?"
Chen Huiyi asked instead of answering: "Do you want to buy large banks or small and medium-sized banks?"
Lin Cheng said with a smile: "It would be best if we could acquire a big bank, with our financial strength, as long as it is a bank with a market value of less than 10 billion, we can take it down." ”
Chen Huiyi suggested: "The market value of the big banks in Hong Kong is more than 30 to 40 billion, even if we have made a lot of cash in the Southeast Asian financial crisis, there is no need to waste all the funds on acquiring banks."
I don't think it matters what size of bank we acquire, the important thing is that we can quickly obtain a banking license for the bank we acquire, as long as we have a banking license, with the amount of capital we have now, it is easy for the bank to grow rapidly. ”
Lin Cheng nodded, Chen Huiyi's suggestion was very pertinent, for Lin Cheng, it didn't matter if the bank he acquired was famous or not, with the amount of funds Lin Cheng had, even the smallest bank could develop rapidly.
Moreover, after the financial crisis revisited Xiangjiang in August this year, a large number of small and medium-sized banks have collapsed, and Lin Cheng can wave cash checks and buy banks on the verge of collapse on a large scale, and create a big bank, and the sense of achievement will be even more prominent.
Lin Cheng said: "So which small and medium-sized bank is suitable for Lin's acquisition?"
Chen Huiyi has long been confident about this, she said: "I don't know if Cheng Zai still has an impression of Xiangjiang City Bank, it seems that you still have 500 million funds in this medium-sized bank, right?"
Lin Cheng remembered as soon as he heard that when he first acquired Feitu Entertainment, he had tempted Bai Zhisheng, the president of the City Bank, to recover Feitu Entertainment's arrears in advance with the condition of depositing 500 million Hong Kong dollars into the city bank, so that Feitu Entertainment, which could still struggle to survive for a year or two, had to be transferred to himself.
He was curious: "What, is this bank going to fail?" ”
"Founded in 1978 by Pak Chun-bang, an older generation businessman in Hong Kong, Heung Kong City Bank has a history of 20 years, but when the Asian financial crisis landed in Hong Kong last year, City Bank fell into bankruptcy.
Bai Zhenbang, who has been retired for two years, had to take power again and lead the dying city bank through the financial crisis, but Bai Zhenbang exhausted his energy in this crisis and unfortunately died of illness in September last year.
After Bai Zhenbang's death, the Bai family, like most of the wealthy families in Xiangjiang, fell into a turmoil over property, and at present, whether it is Bai Zhiqin, the eldest son who holds the most shares, or Bai Zhisheng, the current president of the bank, have no intention of running a city bank, and are eager to find a next family to cash out and divide the money as soon as possible. ”