767 Chinese-funded monopoly chaebol prototype
After finalizing all this, it was already evening, and Chen Hui invited Lian Zhongcheng to have dinner together.
At dinner, Mr Tan Hui talked about UOB.
Singapore's economy is supported by the United States, and Singapore's major enterprises, especially the banking industry, are inseparable from the American consortium and the British consortium.
The mysterious Singapore sovereign fund controls a large number of Singaporean enterprises and overseas assets, but the shareholders in the Singapore sovereign fund, in addition to the Singapore Ministry of Finance, also have the old American consortium!
Of course, some European banks are also involved!
These old American consortia and British-funded consortia are in competition or hostility with Chen Hui's side.
Such as Citigroup, Rockefeller, Morgan, Barlake, and UBS...
How many shares are occupied by the Singapore Treasury in the specific Singapore sovereign fund, Chen Hui's people can't find out the specific share ratio, only know the shareholders of the Singapore sovereign fund, and the Singapore Ministry of Finance is the largest shareholder in the Singapore sovereign fund.
The other major shareholders are entitled to the annual dividends of Singapore's sovereign fund, which is Singapore's largest monopoly.
No financial statements are required to be published.
This Singapore sovereign fund is so mysterious that it is simply a state secret of Singapore.
Singapore's development from a poor city-state to such a rich level today is inseparable from the support of the United States and the United Kingdom.
A few decades ago, the old American consortia invested a lot in Singapore and secretly held a lot of shares in Singapore companies, which are difficult to find out, but when something happens to these companies, then a lot of things will be exposed.
Just like the HSBC consortium is secretly the largest shareholder of OCBC Bank, if OCBC Bank is not in a hurry to auction off the assets of Temasek Holdings this time, Chen Hui would not know that the HSBC consortium is secretly the largest shareholder of OCBC Bank.
Seventy years ago, China Commercial Bank merged with OCBC Bank and HSBC, and the three banks merged together, and then named OCBC Bank.
Today, all banks in Singapore, except for DBS Bank, which was not absolutely controlled by foreign investors, all the other banks have American and British conglomerates.
The three largest local banks in Singapore are DBS Bank, OCBC Bank and UOB.
DBS is the only bank that is not fully controlled by foreign investors, and the collapse of Temasek Holdings has led to a dramatic change in DBS shareholders.
Today, at DBS, Citigroup holds a 4% stake.
Singapore's sovereign wealth fund holds about 6.5% of the shares
Curry Country's Tata consortium holds 8.1% of the shares
Bangziguo's Lin Group holds 8.1% of the shares
Chase Bank holds 8.1% of the shares.
The right to speak is only 34.8%
Standard Chartered has a 32.4% stake in DBS.
HSBC secretly holds a 6.2% stake in DBS Bank!
Bank of America secretly holds a 5.4% stake in DBS
Standard Chartered Bank, HSBC, and Bank of America have a combined voice of 44%.
DBS' other shareholders combined have less than 21% of the shares.
DBS Bank is also about to merge with Standard Chartered Bank, and Chen Hui plans to let Standard Chartered Bank Group take off in Asia, because it has basically offended the old American consortiums, as well as the local European consortiums.
Now Chen Hui and the Citigroup and the Mo'Geng consortium have done it!
Basically, it is very difficult for Standard Chartered Bank to expand to the Americas and Europe, even if there are bankrupt banks that can be acquired, but they are absolutely subject to official administrative obstruction, strict scrutiny, and the acquisition is basically useless.
You can't rush this matter, you have to take it slowly!
So Chen Hui has set his sights on Singapore's United Overseas Bank, which has major shareholders such as the Lien family, the Huang family, and some other Chinese families, as well as foreign shareholders.
In UOB, the majority of the bank is controlled by Chinese families.
The Lien family's Lian Ying Zhou Zhou is one of the founders of UOB, and Lian Ying Zhou is Lian Zhongcheng's grandfather.
When his parents died when he was 10 years old, he dropped out of school to work as an apprentice in a small grocery store in Heung Kong and moved to Singapore in 1919. In 1928, he and his friends founded Huaxing Company, which engaged in import and export trade and shipping agency, and his career developed steadily. In 1949, Lian Yingzhou and several Malaysian Chinese businessmen established Hualian Bank to enter the financial industry, and in 2001, Hualian Bank merged with UOB, becoming the largest bank in Singapore at that time.
But the merger of Hualian Bank and UOB is not the Lien family's willingness!
At that time, the majority shareholder of Hualian Bank was the founder Lian Yingzhou, who held 24.19% of the bank's shares through Huaxing Co., Ltd., which he controlled, but the other shareholders of Hualian Bank came together and voted for the merger of Hualian Bank and UOB!
Since then, UUE has disappeared, leaving only UOB!
The Lien family lost the management and management of the newly established UOB and withdrew from the banking industry in favor of philanthropy.
It has also sold off nearly half of UOB's stake over the years.
The Lien family still holds a 5% stake in UOB, which is now worth US$20 billion.
These shares are worth $1 billion!
When talking about this, Lian Zhongcheng pondered for a while and said: "Back then, our Lian family formed a lot of ties with Huang Guyao because of the UOB matter!"
"Because Huang Guyao kicked out our Lien family from UOB, we have lost all the management and management rights of UOB!"
"I can only sit and wait for dividends every year!"
"And UOB's management and management rights over the years have always been in the hands of the Huang family!"
Chen Hui nodded and said, "Mr. Lian, I will buy all of your Lian's shares in UOB at the market price!"
"You don't need these shares, how about selling them to me?"
"Since we have cooperated, then the Huang family is naturally our opposite!"
Chen Hui has long been thinking about UOB, but the largest shareholder of UOB is now the Huang family, and the chairman is Huang Guyao.
Huang Guyao is a powerful old guy.
On January 10, 1929, Huang Guyao was born in Yinghang Township, Jinshan, Fujian, and was the eldest son of the famous Chinese businessman Huang Qingchang and his wife Xu Yuxiu. During World War II, he moved to Singapore with his parents and sister, where he studied at Hwa Hwa High School, Chung Cheng High School and St. Andrew's English College. After the age of 20, Huang Guyao did not go to school again, but joined the Qinglong company founded by his father Huang Qingchang to work.
Wong worked under his father's leadership for nine years, often travelling back and forth to Singapore, Malaysia and Indonesia to export rubber and pepper, which laid a solid foundation for Wong to take over his father's business.
In August 1953, Wong Hing Cheong officially founded UOB. Five years later, Wong was transferred to UOB as Managing Director, where he quickly became familiar with his new job and demonstrated his business skills, earning him the praise and trust of his father and the bank's board of directors.
In 1960, when Wong Qingchang stepped down as General Manager of UOB, Wong was unanimously elected by the Board of Directors as his successor, and at the age of 31, he stepped onto the business stage and began to show his strength.
When Wong took over UOB, Singapore's banking sector was still very conservative and had a single service offering. After taking office, Huang began to actively expand new businesses, using the experience and contacts he accumulated during his time in export trading to expand the business to Malaysia and Indonesia, opening up a whole new situation for Dahua. In order to better conduct overseas business, he suggested that the board of directors set up a foreign exchange department, which would allow for highly profitable foreign exchange trading. In 1963, he set up a warehouse department at UOB to provide additional services to customers and to provide better collateral protection for overdrafts and other credit facilities granted by UOB.
The successive establishment of these two departments has greatly expanded Dahua's business and enhanced its popularity. In 1970, UOB was officially listed, becoming the first publicly listed bank in Singapore. In 1974, Wong took over from his father at the helm of UOB.
After taking over the Dahua business, Huang Group Pharmaceutical began a large-scale acquisition and expansion. He acquired a number of local banks in Singapore, including Chongqiao Bank, Lever Bank and Far Eastern Bank, to further expand UOB's scale and strengthen its strength. As a result of a series of acquisitions, UOB has become one of the world's 500 largest banks.
In 1980, UOB successfully installed ATMs for the first time in Singapore and Southeast Asia, allowing customers to make automatic deposits and withdrawals using UOB cards. The following year, UOB introduced Singapore's largest computer system and developed e-banking that uses computers to conduct banking business 24 hours a day. Both of these initiatives have been highly successful and have enhanced Dahua's business competitiveness and modern management level.
At the same time, UOB has continued to expand its footprint. Since 1999, UOB has made a series of acquisitions in Southeast Asia, including Thailand, the Philippines and Indonesia, and with the successful acquisition of OUE Bank in 2002, UOB became the largest international banking group in Singapore. With more than 500 offices in more than 20 countries and regions across Asia Pacific, Western Europe and North America, UOB now has assets of US$150 billion.
Today, UOB is worth US$20 billion!
The Wong family holds a total of 18% of UOB's shares, making them the largest shareholders of UOB!
Although this yellow group medicine is now on the second line, it should not be underestimated, and it has a huge network in the Chinese circle!
Lian Zhongcheng pondered for a while and said, "Mr. Chen, this is no problem!"
"In the future, I will rely on Mr. Chen more!"
Now even the family is short of funds, and it is just that the $1 billion can be alleviated.
What's more important is that you can take revenge on the Huang Zuyao family!
Back then, their Lian family managed Hualian Bank well, and absolutely controlled the management and operation rights of Hualian Bank, but they didn't expect to be merged by UOB's Huang Group Medicine!
The Lien family had to quit the banking industry.
Otherwise, if you don't do it in the banking industry, why do you want to do charity?
After so many years, the Lian family still holds a grudge.
Chen Hui smiled: "Then we have a happy cooperation!"
In fact, Standard Chartered Bank also holds some shares in UOB, and when the majority shareholder of Standard Chartered Bank was the late Qiu Debo, Standard Chartered Bank also held 2% of UOB shares.
Khoo Tak Po was born in 1917 in southern Malaysia (now Singapore) to Fuzhou, a mansion. Qiu Debo's father was a wealthy rice merchant and a shareholder in a number of provincial banks at the time. In 1933, at the age of 16, he joined the OCBC Bank, which his father co-founded.
In 1959, Qiu Debo, who had already become the deputy general manager of the bank, was unable to enter the board of directors and resolutely left to seek another career.
In 1960, he partnered with several people to open Maybank in Kuala Lumpur with a capital of 10 million ringgit (100 ringgit is about US$26.31). Now, Maybank is the largest and most well-known bank in Malaysia.
He passed away from a heart attack in 2004 and was the largest individual shareholder of Standard Chartered Bank and the founder of Maybank. In 1986, when Britain's Lloyds Bank was hostile to buy Standard Chartered Bank, Chiu and two other financial investors, Hong Kong's Pao Yugang and Australian businessman Robert Holmes, joined forces to beat Lloyds Bank for a 37% stake in Standard Chartered Bank in the final days in a bid of £1.3 billion, and Khoo was voted Singapore's richest man by Forbes magazine in 2003, with total assets of $2.6 billion. Khoo's three listed companies in Singapore are Liang Muyuan Group, Central Property Sdn Bhd and Malaysia Hotels Sdn Bhd. Among them, Goodwood Park Group is the parent company of Goodwood Park Hotel, a well-known hotel in Singapore. In early 2006, Mr. Khoo's huge Standard Chartered shares were acquired by Temasek Holdings, which owns 11.5% of Standard Chartered.
In the following years, Temasek Holdings increased its stake in Standard Chartered Bank, and in the following years, Temasek Holdings took control of Standard Chartered Bank, during which Temasek Holdings increased its stake in Standard Chartered Bank, which now holds a total of 8% of UOB's shares.
Originally, Temasek Holdings had also fought with UOB many times over the years, but they were all stopped by Huang Kuan Yao and returned home!
Today, Chen Hui's Standard Chartered Bank controls 8% of UOB's shares, plus Lien's 5% shares, making a total of 13% shares!
Chen Hui plans to lay out the merger and acquisition of UOB!
At this moment, he suddenly had in his heart that in Asia, with Standard Chartered Bank Group as the axis, he united all Chinese-funded banks to create a Chinese-funded monopoly chaebol in the banking industry!
It's starting to take shape now!
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