Chapter 191 Absolute Controlling Interest
After Ho Shanheng ended the call with Li Hualong, he pondered for a long time, and more than half an hour later, he came to the chairman's office of the Hang Seng Bank Building. Β’Β£TopΒ’Β£DotΒ’Β£SmallΒ’Β£ Say, x.
Standing in front of the window, He Shanheng looked around and saw several buildings under Gemdale Group, and thought that there were ten buildings around him that belonged to Gemdale Group, and several buildings belonged to other companies under Li Hualong.
"The richest man in Hong Kong, the God of Wealth!" He Shanheng muttered to himself, a smile appeared on his face, "Whether you are the reincarnation of the God of Wealth or not, you are unstoppable, and I hope that one day in the future, you will be able to make Hang Seng Bank the bank with the highest market capitalization in the world." β
Ho sat down, picked up the phone and made a call to Li Guowei, the general manager of Hang Seng Bank, and asked him to come to his office.
He Shanheng personally brewed tea for a while, and as soon as the tea was brewed, Li Guowei came.
"Guowei, sit down and drink tea!" He Shanheng greeted with a smile.
"Good!" Li Guowei sat down to drink tea and didn't ask what was going on.
He Shanheng drank half a cup of tea, looked at Li Guowei with a smile, and asked, "What do you think of Li Hualong?" β
Li Guowei was slightly stunned and asked rhetorically: "What do you want to ask?" β
"Whatever you want."
He Shanheng drank the remaining half of the cup, put down the cup, and Li Guowei picked up the teapot and poured tea for him.
Li Guowei poured good tea, smiled, and said: "He is a man of God, and his investment vision is amazing...... Back then, he was able to take a stake in Hang Seng Bank, which was a blessing for us! β
He Shanheng nodded and said with a smile: "If he hadn't invested in Hang Seng Bank back then, or if he hadn't increased his stake in Hang Seng Bank in six or five years, I think he would definitely find a way to get an absolute controlling stake in a bank, and if that's the case, Hang Seng Bank would have to face a strong competitor." β
Li Guowei took a sip of tea and asked in a low voice, "Uncle He, Li Hualong wants to list Hang Seng Bank?" β
"Hmm!" He Shanheng nodded. "This morning, he called my home and said that the stock market is doing well now and that Hang Seng Bank should seize this opportunity to go public."
Li Guowei glanced at He Shanheng a few times and said with a smile: "Li Hualong holds 9 million shares without voting rights in his hands, do you think about these stocks?" β
"Huh!" He Shanheng smiled, "You are really a roundworm in my stomach, whatever I think, I have guessed it." Guowei, you say. Is Li Hualong becoming the absolute controlling shareholder of Hang Seng Bank a good thing or a bad thing? β
"There are pros and cons." Li Guowei replied without hesitation, "If Hang Seng Bank is listed, the shares are divided into two categories, one with voting rights and the other without voting rights, and for ordinary small shareholders, there is not much difference between the two stocks." If the stock is slightly lower if they don't have voting rights, they will choose to buy the stock, after all, when the dividend is paid, the dividend per share is the same. After the bank goes public. It is not difficult for Li Hualong to obtain an absolute controlling stake in Hang Seng Bank, and he can sell the non-voting shares first and buy the voting shares instead, when the shareholding ratio is close to 50%. He could make a general takeover offer to the shareholders of Hang Seng Bank, and even if the majority shareholders of Hang Seng Bank agreed to sell the shares to him, he would have enough money to eat them. β
He Shanheng nodded and said, "As long as he obtains a controlling stake in Hang Seng Bank." He was able to get a large loan from Hang Seng Bank. β
Li Guowei smiled slightly and lowered his head to drink tea.
He Shanheng pondered while drinking tea, was silent for a while, and said with a smile: "Guowei, I want to be generous and take the initiative to let Li Hualong's shares without voting rights be converted into voting rights, what do you think?" β
"I agree." Li Guowei smiled, "Hang Seng Bank's total share capital is now 50 million shares, and Li Hualong holds 29 million shares, if he holds shares with voting rights, then his voting rights ratio will reach 58%, and the voting rights of other shareholders will be 42%...... If we list and issue new shares, our voting power will be lower. β
"Since we have decided to voluntarily cede the absolute controlling stake in Hang Seng Bank to him, we don't want to think about how much equity we hold, more or less, it doesn't matter. We also have a ...... dealing with Li Hualong It's been more than 18 years, and we all know what kind of person he is. I don't expect there to be much change in the board of directors of Hang Seng Bank and the bank's top management in 10 years. Li Hualong has many children, and when his children grow up, I think he will arrange for one or more children to join Hang Seng Bank in the future. If Li Hualong wants to be the chairman of Hang Seng Bank, I can step down. In another ten years, you will be in your sixties, and it will be time to think about retirement. Li Hualong can manage Hang Seng Bank well, I will hold the stock for a long time, if he messes around, then I have no choice but to sell the stock to cash out. β
After He Shanheng finished saying a long sentence, he smiled self-deprecatingly and said: "People are old, ** nagging!" β
"Uncle He, you're not old!" Li Guowei smiled, "Even if Li Hualong obtains an absolute controlling stake in Hang Seng Bank, he will continue to let you serve as the chairman." β
"Maybe!" He Shanheng smiled faintly, thought for a while, and continued, "Forget it, after Hang Seng Bank is listed, I will no longer serve as the chairman of Hang Seng Bank, and it would be better for Li Hualong to be the chairman, if I can, I can serve as the vice chairman." β
"Uncle He, can you put it down?"
"There's nothing you can't put down. Confucius Yun, I have five out of ten and am determined to learn, thirty and stand, forty and not confused, fifty and know the destiny of heaven, sixty and obedient, seventy and do what I want, do not exceed the rules. I'm in my seventies, and I've thought a lot of things open. β
He Shanheng smiled and asked, "Guowei, if Hang Seng Bank is listed now, how much can the market value be valued?" β
"If Hang Seng Bank's price-to-earnings ratio is comparable to HSBC, then Hang Seng Bank's market capitalization can reach HK$2.4 billion."
"HK$2.4 billion, which is similar to what I thought in my heart." He Shanheng smiled, "If Li Hualong agrees with this figure, then issue new shares according to the corresponding stock price." β
That night, after He Shanheng had dinner at home, he made a phone call to Li Hualong's home, and Li Hualong happened to be on the TV in the living room with his family.
After a few pleasantries, He Shanheng smiled and said: "Ah Long, if calculated according to the current price-earnings ratio of HSBC, Hang Seng Bank is listed with a market value valuation of about HK $2.4 billion. β
"HK$2.4 billion, neither high nor low, when listed, it should be sought after by investors."
"Aaron. For some time to come, I can continue to serve as the chairman of Hang Seng Bank, and after the listing of Hang Seng Bank, you will be the chairman. β
Li Hualong was slightly stunned, came back to his senses, and hurriedly said: "Uncle He, I have no intention of becoming the chairman of Hang Seng Bank, and it is good to serve as the vice chairman." β
"I'm not too young to think about retirement. Don't persuade you. If you don't object, after you become chairman, you will nominate me as vice chairman. β
Li Hualong said in a sincere tone: "Uncle He, you are in good health, and I don't think there is any problem in continuing to serve as the chairman of the board for ten years." β
"Don't worry, I'll tell you one more thing, I talked to Li Guowei and other directors, and everyone agreed to let you have voting rights in the shares of Hang Seng Bank."
"What?" Li Hualong was stunned when he heard this. After understanding what the other party meant, he smiled bitterly, "Uncle He, Hang Seng Bank is your hard work. Are you willing to just give up? β
"We didn't think about giving up Hang Seng Bank, even if you obtained an absolute controlling stake in Hang Seng Bank, we are still shareholders and directors. will continue to make suggestions for the development of Hang Seng Bank...... Hehe, provided you don't sweep us old people out of the house. β
"There is an old man in the family, if there is a treasure. How could I be willing to sweep you out of the house. Li Hualong smiled, "Uncle He, I don't understand your thoughts anymore. β
"To put it simply, you become the absolute controlling shareholder of Hang Seng Bank, you become the chairman, which is beneficial to the long-term development of Hang Seng Bank, and I believe that investors who are ready to buy Hang Seng Bank shares want to see that."
"Hah!" Li Hualong took a few deep breaths and smiled, "Uncle He, thank you!" β
"You don't need to be polite to me, I just hope you don't forget what you said." He Shanheng said with a smile.
"What do you mean by what I said?" Li Hualong asked.
"Hang Seng Bank became the largest bank in the world." He Shanheng smiled, "You haven't forgotten jΓ¬, right?" β
"I haven't forgotten it, I will work hard, and I will see it in my lifetime." Li Hualong smiled.
"If I can see this day, I will be able to smile at Jiuquan!" He Shanheng said happily that ordinary people would feel a little unlucky when they heard Li Hualong say this, but He Shanheng did not feel this way, but was very happy.
"I remember!" Li Hualong smiled and said, "By the way, how many new shares to issue, have you talked about it?" β
"After talking, no consensus has been reached, and this matter needs to be decided by you, the absolute controlling shareholder." He Shanheng smiled and said, "What do you think?" β
"Do you think it's okay to issue more new shares, and after listing, the new shares in circulation will not be less than 15% of the total share capital?"
"Yes. Now the total share capital is 50 million shares, and it can be considered to issue 10 million new shares. β
"Yes!" Li Hualong smiled, "Before listing, the stock should be split, so that when it is listed, the stock price can be set lower." β
"The stock is going to be split, and as for how to split it, let's talk about it at the board meeting. Tomorrow and Sunday will be a holiday, and next Monday, how do you think of convening the directors of Hang Seng Bank and the bank's senior management to discuss the listing? β
"Okay!"
"That's it, see you next Monday."
After hanging up the phone, Li Hualong said to Li Yisong with a little excitement: "Abba, Uncle He took the initiative to give me the absolute controlling stake in Hang Seng Bank. β
Li Yisong was stunned when he heard this, and he didn't understand what Li Hualong meant for a while.
"In 1965, I increased my shareholding in Hang Seng Bank, and some of the shares did not have voting rights, and I did not become an absolute controlling shareholder.
"Oh!" Li Yisong suddenly realized and said with a smile, "How can he be willing to give up the absolute controlling stake in Hang Seng Bank?" β
"As long as one or two shareholders support me, I can control Hang Seng Bank, and as long as I can afford it, it is not difficult to become the absolute controlling shareholder of Hang Seng Bank. Besides, Hang Seng Bank is about to go public, and if the stock split has voting rights and no voting rights, it may make it less attractive to investors. β
Li Hualong smiled, picked up the teacup, took a sip of tea, and continued: "Anyway, I want to read Uncle He's love." He Bo intends to wait for the listing of Hang Seng Bank and nominate me as the chairman of Hang Seng Bank. β
"If you become the absolute controlling shareholder of Hang Seng Bank, you want to be the chairman, it's not a matter of words."
"This is different, and being able to get the support of other shareholders is beneficial to the development of Hang Seng Bank."
"By the way," Li Yisong asked curiously, "Just now, I heard you say that 2.4 billion Hong Kong dollars, is the current market value valuation of Hang Seng Bank?" β
"Yes!" Li Hualong said with a smile.
"What is the total share capital of Hang Seng Bank?" Li Yisong asked again.
"50 million shares." Li Hualong replied with a smile, "Before going public, the stock will definitely be split. β
"Tomorrow and Sunday, if you don't go out to work, I see you, let's go to He Shanheng's house and talk to him."
"Well, it should be." Li Hualong smiled, "Abba, so far, compared with investing in Hang Seng Bank, I have invested in Global Shipping Group to get a greater return on investment, but I have many hidden benefits as a shareholder of Hang Seng Bank. β
"I know you're saying it's easier to get a loan from a bank."
"Yes!" Li Hualong smiled and nodded, "Seriously, I am optimistic about the development prospects of Hang Seng Bank, within ten years, it is not difficult for the market value of Hang Seng Bank to increase tenfold, and Global Shipping Group, even if it is another twenty years, it is difficult to increase the market value tenfold." β
"Not necessarily." Li Yisong said with a smile, "If you don't pay dividends for 20 years, your market value won't increase tenfold?" β
"I said it was difficult, but I didn't say it must not be feasible." Li Hualong smiled, "If the global shipping group sticks to the shipping industry and has limited development prospects, if the debt is too high and encounters a light baptism in the shipping market, the market value may plummet, and even bankruptcy is not impossible." If we diversify and are lucky, we may be able to increase our market value faster than Hang Seng Bank in the future...... Investing is risky, and there is no such thing as being too absolute. β
"You haven't started selling Global Shipping Group shares yet, have you?" Li Yisong asked.
"Not yet. I think the company's stock price will go up, and when the stock price goes up a little more, I will start selling and cashing out. β
"The human heart is not enough, and the snake swallows the elephant." Li Yisong reminded, "If you invest in Global Shipping Group and cash out at the current stock price, the profit is high enough." β
"Then from next week, I'll start selling and cashing out." Li Hualong said with a smile.
"I'm just reminding you that when to sell stocks, it's up to you to decide." Li Yisong smiled faintly.
Yang Meng interjected and asked, "Ah Long, you are the chairman of Hang Seng Bank, so won't you be even busier in the future?" β
"Mengmeng, don't worry, I'll arrange the time." Li Hualong smiled, "There are no special circumstances, after the listing of Hang Seng Bank, I will go to the headquarters of Hang Seng Bank for one day every week. (To be continued......)
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