1163 Standard Chartered Group Senior Management Meeting

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After staying in the trading room for a while, Chen Hui left the trading room and came to the conference room.

Standard Chartered held a high-level meeting this afternoon.

The senior management of the companies under the Standard Chartered Group has gathered!

The theme of this high-level meeting is the expansion of Standard Chartered Insurance Company, a subsidiary of the Standard Chartered Group!

Chen Hui, as the chairman, naturally also attended this meeting.

After all, this time Standard Chartered Group is ready to make a big move!

That is to spend a sky-high price to acquire three Singapore insurance giants!

At the high-level meeting, a group of executives argued!

The main reason is that the funds required this time are too large, after all, Standard Chartered Group currently has 18 billion US dollars of funds for the layout of Malaysia!

Now it's a bit overwhelming to have to withdraw $5 billion in cash at once!

Many executives are against the acquisition of three Singaporean insurance giants at once!

But those at the top who are trying to negotiate and expand are determined to spare $5 billion to buy these three giants!

After all, it's a rare opportunity!

Chen Hui leaned on the boss's chair, listened to the arguments of the crowd, and did not speak, let them play to their heart's content!

They all have their own reasons!

It's up to the other side to convince Chairman Chen Hui!

At this time, a vice president of Standard Chartered Insurance Company said: "Now the opportunity is rare, and it is not impossible for us to spend more money!"

"If we don't take the opportunity to eat these three insurance companies in one go, then France's AXA Group, Toei's Tokio Marine Nichido Fire Insurance Company, and Germany's Allianz Insurance Group will be happy to do so!"

Recently, Standard Chartered Insurance has been looking to expand, negotiating with a number of insurance companies in Southeast Asia, and has negotiated three insurance giants, but the price is a bit high, if you want to eat three insurance giants at the same time, it will require a total of 5 billion US dollars.

Because this amount of money is too large, it will make the liquidity of the parent company Standard Chartered Group tight, after all, Standard Chartered Group still has 18 billion US dollars of funds fixed to Malaysia!

This time, it would be a bit unbearable to withdraw another $5 billion, so many high-level executives are also opposed to the one-time acquisition of three Singaporean insurance giants!

At this time, a vice president of a Standard Chartered Trust Company immediately said: "Eating three insurance giants in one go, is this step too big, which seriously affects the capital flow of the parent company!"

Today, Standard Chartered Investment Bank does not need the parent company to worry about the capital problem, after all, the Standard Chartered Investment Bank has been providing a steady stream of funds to the parent company to supply the needs of other companies under it.

Before their Standard Chartered Trust Company, they had just completed an expansion.

Standard Chartered Trust beats Accor Hotels Group for $600 million to acquire Ascendas Hospitality Trust from BlackRock!

It then acquired a stake in Cambridge Industrial Trust from National Australia Bank for $100 million.

Finally, it acquired Keppel Infrastructure Trust and Sunrise Infrastructure Trust for US$700 million, and merged the two trust companies into Singapore Infrastructure Trust!

Increase the assets of Standard Chartered Trust from $10 billion to $25 billion!

And Standard Chartered Trust only spent $1.4 billion!

And now Standard Chartered Insurance is spending $5 billion at once!

Why don't you give them $1.5 billion from Standard Chartered Trust to buy other trust companies?

At this time, the vice president of Standard Chartered Insurance Company said again: "Now that Standard Chartered Investment Bank has made so much money, it can be provided to allow Standard Chartered Insurance Company to expand!" According to him, the trading department of Standard Chartered Investment Bank has made so much money, and taking out some of it will not affect the liquidity of Standard Chartered Group at all.

Thinking of this, he said, "Now it's a rare opportunity!"

This makes sense, and many executives who are in favor of the expansion of Standard Chartered Insurance Company have all looked at Huang Hongnian, CEO of Standard Chartered Investment Bank.

Today, the market value of the entire Standard Chartered Group is as high as 93 billion US dollars, the net value is as high as 105 billion US dollars, and its asset size is as high as 1.13 trillion US dollars, of which Standard Chartered Bank occupies 1.02 trillion US dollars in assets, Standard Chartered Investment Bank occupies 30 billion US dollars in assets, Standard Chartered Insurance Company occupies 40 billion US dollars in assets, Standard Chartered Trust Company occupies 25 billion US dollars, and the remaining 15 billion US dollars in assets are distributed in other group companies!

Now it is a very good thing to allow Standard Chartered Insurance to expand, after all, Standard Chartered Group is not only developing Standard Chartered Bank, but also investing in Standard Chartered Bank!

Nowadays, Singapore's insurance market is highly developed and there are many market players, and foreign insurance companies use Singapore as a regional center to radiate Southeast Asia.

At this time, Huang Hongnian's brows furrowed, and he said: "This, I am about to do a big deal! There is also a foreign exchange broker!" Huang Hongnian said that it is naturally Zhongxin Gold Group!

Standard Chartered Investment Bank previously made a $300 million profit from insider trading on the Singapore stock market.

Then I operated on spot crude oil, U.S. bonds, and the British Fuji 100 index in the short term, and made a total of about 700 million US dollars!

A total of $1 billion in profits, which was then lent to Zhongxin Bullion Group.

Then I went long on the FTSE 100 and Nikkei 225, making a total profit of $700 million!

It lent another $200 million to Zhongxin Gold Group, and then handed over $500 million to the parent company.

Over that long time, a total of $3.5 billion has been handed over to the parent company.

Not long ago, he shorted spot gold in the short term and made a profit of 100 million US dollars, which was used to develop Standard Chartered Investment Bank itself.

Looking at everyone's puzzled looks, he continued: "The trading department of Standard Chartered Investment Bank has withdrawn $3.5 billion of funds before, and there are a lot of you, right?"

Standard Chartered Investment Bank has withdrawn $3.5 billion in funds before, but it still can't fill the companies under the Standard Chartered Group!

Everyone suddenly said: "Mr. Huang, doesn't the Standard Chartered Investment Bank Trading Department still have 10 billion US dollars of self-operated funds?"

"Yes, doesn't Standard Chartered Investment Bank's trading department still have so much idle funds?"

"Mr. Huang, so many funds are idle on the side!"

"Mr. Huang's funds can't be used, so the parent company can use them to expand."

"That's right, if these funds are idle, there is no use!"

……

"This..." Huang Hongnian hesitantly glanced at Chen Hui, who looked indifferent, and then asked, "Chairman, what do you see?"

The meeting lasted more than an hour, and Chen Hui did not speak.

The self-operated funds managed by the trading department of Standard Chartered Investment Bank have always been 10 billion US dollars, and now I am afraid that 5 billion US dollars will be taken out, and Huang Hongnian is not very reluctant.

After all, he still wants to do bigger things and make more money with 10 billion US dollars, but now the trading department of Standard Chartered Investment Bank has recently idle a lot of funds.

He was also a little anxious in his heart.

Under the expectant gaze of everyone, Chen Hui directly made a decision.

"Lao Huang, another $5 billion will be transferred from the trading department of Standard Chartered Investment Bank!"

"It's enough to keep $5 billion!"

"After all, this is a rare opportunity!"

"Let's eat the three insurance giants in Singapore in one go!"

"Save money on other insurance companies!"

Chen Hui said that of course, France's AXA Group, Tokio Marine Nichido Fire Insurance Company, and Germany's Allianz Insurance Group, now have a rare opportunity, so they will eat it in one go.