393. Acquisition of Standard Chartered Bank
Now that Chen Hui is planning to set up his own bank, he must have his own bank, Chen Hui can rest assured that although Standard Chartered Bank is very bad now, it is at least one of the note-issuing banks in Hong Kong.
John struggled inwardly at the moment, hesitated, and lit a cigarette for himself with trembling fingers.
"Mr. Chen, think about it for me again!" John took a few deep breaths, and a cold sweat remained behind his back.
Ten minutes later, John still couldn't make up his mind, and then Chen Hui threatened again, "John, you have to think clearly, whether to be expelled and then go to prison, or choose to be friends with us!"
"John, Chen's words, you really have to think clearly, although the price is lower, but at least you can continue to stay in Standard Chartered, it's much better than going to prison! This money can still be earned back quickly in the future, in prison, it is estimated that you can only write books to make money." George followed suit
Chen Hui immediately gave George a quiet thumbs up, this guy Nima's speech is really fine.
"John, George is right, Standard Chartered Bank has indeed taken a lot of detours over the years, and it is also a good thing for Mr. Chen to stay in Standard Chartered Bank this time, which can completely bring Standard Chartered back to normal! You don't want to watch Standard Chartered Bank decline," Ou Zhihua also reminded John
······ John pinched the cigarette butt, took a deep breath, and said, "Mr. Chen, I can sell it to you, but I must keep 5% of the shares, otherwise I would rather go to jail than sell to you!"
John still continued to fight for his own interests, and he kept 5% of the shares, which means that Chen Hui, HSBC, and Bank of America combined were 45% of the shares, not to 50%. So he still has a little bit of a say. At the shareholders' meeting, Chen Hui did not completely grasp all the right to speak.
Chen Hui heard John's words and didn't agree directly, but he didn't expect this John to bargain in this situation, but 5% of the shares are indeed a bit much.
In particular, he only has 25% of the shares, and if one day HSBC and Bank of America do not support him, then he will have the absolute right to speak at the shareholders' meeting of Standard Chartered Bank.
John looked at Chen Hui, who was silent, and his heart tightened, is this guy really willing to keep 5% of the shares for himself?
"Mr. Chen, you can pay $800 million to buy and sell 5% of my shares!" John said immediately.
Originally, Chen Hui planned to buy 10% of his shares for $2 billion, which was a full $1 billion lower than the market price. He owns 10% of Standard Chartered Bank, which is now worth $3 billion.
Now he is like selling Chen Hui 5% of the shares, and giving Chen Hui a discount of 200 million US dollars.
"John, 5% is not good, I can only give you 1% of the shares, and I will spend 1.8 billion US dollars to buy 9% of the shares in your hands!" Chen Hui immediately rejected John's proposal, and had to say that this John was really good, and he didn't worry about himself, in case he regretted it afterwards.
"Mr. Chen, I'll keep 2% of the shares, and you spend $1.6 billion to buy 8% of my shares! The minimum is 2% of the shares, otherwise I'd rather go to jail!" John insisted that 1% of the shares was still too low!
"John, I'll only leave you 1% of the shares, $2 billion to buy 9% of your shares, and I'll give you 5% dividends every year! You're still the CEO of Standard Chartered Bank!" Chen Hui said again, and John added $200 million again.
1% of Standard Chartered Bank's shares are also worth 300 million US dollars, and there is no problem with adding 200 million to him, but 1% of the shares are the bottom line for him.
"John, this is also my bottom line, now I will give you two more minutes to think about it, whether to be friends with us?" Chen Hui said with a serious face and threatened again
After thinking for a while, John said, "Mr. Chen, we have a good cooperation!"
Chen Hui added 200 million US dollars to him again, which is not bad. With that $2 billion, he could take a stake in other companies. also has an explanation for his family.
And he is also the CEO of Standard Chartered Bank, Chen Hui will also give him an annual dividend of 5%.
The previous CEO of Standard Chartered Bank, Xian Bode, was completely out, the two have worked together for so many years, thinking of this, John couldn't help but sigh in his heart, "This time I also turned my back on my original ally and chose to stand aside with Chen Hui and others!"
was caught, and he might be sent to prison, and he had no choice but to choose to stand aside with Chen Hui and the others.
Dead and poor Dao is not a Taoist friend!
After Chen Hui shook hands with John...
"Happy cooperation, we are friends, come and celebrate our friends!" Chen Hui picked up his glass.
·······
Soon, with the assistance of professional accountants and lawyers, Chen Hui and John completed the transaction. Chen Hui holds a total of 29% of the shares of Standard Chartered Bank, surpassing Temasek Holdings, the largest shareholder of the bank.
Temasek Holdings is an investment company of the Singapore government, the largest of the four government holding companies in Singapore, under the Ministry of Finance, with total assets of more than S$120 billion (more than US$60 billion) in 2014, and 35 listed companies, accounting for nearly one-third of Singapore's share trading volume. Through property investment, it has held and participated in more than 500 companies, and gradually formed an internationally renowned large-scale government-controlled enterprise with as many as 6 organizational levels from the government to the parent company, subsidiaries and branches. As it has never published its financial statements since its inception until September 2004, it is considered one of the most secretive companies in Singapore.
Chen Hui thought about this: "Temasek Holding Company seems to be destined to be a mortal enemy with itself, and now it has 50% of the right to speak at the shareholders' meeting, and Temasek Holding Company is the second largest shareholder of Standard Chartered Bank! It has 25% of the shares of Standard Chartered Bank, and the shareholders' meeting has 25% of the right to speak, and the remaining nearly 15% of the voice is in support of Temasek Holdings. What is missing is an opportunity to make a big fight. ”
Although a big fight with Temasek Holdings will also offend the more powerful Singapore sovereign fund, Chen Hui will not care about this, in Asia, there will be conflicts sooner or later, it is better to start as soon as possible, while their current asset scale is not as huge as in the future, it is wisest to start as soon as possible. What's more, his allies have a very bad relationship with it.
In recent days, I don't know how many times Black Shirt Capital and Temasek Holdings have fought against each other in the Hang Seng Index and Hong Kong stocks, and countless lawsuits by Black Shirt Capital have been brought by Temasek Holdings, and the cost of black shirt capital lawsuits has cost hundreds of millions of Hong Kong dollars.
Chen Hui thought a little uneasy in his heart: "What the hell! If HSBC and Bank of America only suddenly turn against each other at the shareholders' meeting, Lao Tzu will really be terrible! This position of chairman of the board of directors will inevitably be pulled down by Temasek Holdings!"
Although Chen Hui has a close relationship with them, and the interests of Asia are deeply bound, what if the future?
Immediately, Chen Hui said to Ou Zhihua, the president of HSBC: "Mr. Ou, thank you very much for your hard work this time!"
HSBC did a great favor this time, even if he was the largest shareholder at the shareholders' meeting of Standard Chartered Bank, but without the support of HSBC's 10% voice at the shareholders' meeting, he might be pulled down by Temasek Holdings in minutes.