Chapter 388: Lying Down and Getting Shot
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Xinsheng Investment's domineering acquisition war is in full swing, and the stock prices of HSBC and Standard Chartered, the two major British banks, have soared, and in just one week, they have been pulled to the level before the outbreak of the financial crisis.
During this period, the presidents of the two major banks more than once contacted NB bigwigs such as Ding Wenming, Prince Metbu, Liu Siwei, William Powell and Xu Sangcheng through the British government and former senior officials of the Hong Kong government, and put pressure on Xinsheng Investment through pro-British executive council and legislature members.
When he realized that everything was in vain, he even openly declared that it was a hostile takeover that "took advantage of the fire" and urged the regulator to launch an investigation into Xinsheng Investment.
The NB department has never fought uncertain battles, and hired Queen's Counsel Yung Hon Chung as a non-executive director a few years ago. Although Xinsheng Investment is independent of NB Electric, it has also set up its own legal department and compliance department, and it is tantamount to a fool's dream to find fault with the acquisition process.
Cash is king, and now whoever has the money has the final say.
After 9 days of chasing after you, Xinsheng Investment finally became the largest shareholder of Standard Chartered Bank with 32.84 shares acquired in Hong Kong and London! There is still a long way to go from absolute control, but anyone with a discerning eye can see that the hope of turning defeat into victory is extremely slim.
Standard Chartered has fallen, and fools know who Xinsheng's next target is?
So many institutions and retail investors have taken advantage of the fire, which has caused great difficulties for repurchases, although it is not believed that NB really has a / long / wind / literature "//cfwx" target="_blank" >CFWX swallowed the strength of the "big stupid elephant" in one bite, and HSBC President Kadoorie still did not dare to take it lightly, while trying to mobilize funds and tighten the monetary base to recover the loan. While putting hope on Mr. Li.
As a director of HSBC. As a partner for decades. Mr. Li has the responsibility and obligation to help, but this time he is facing the NB department, and more importantly, his Cheung Kong is also one of the beneficiaries of this acquisition war. If it weren't for Ding Wenming's targeting of the two major banks at a critical moment, driving the entire market, I really don't know what the stocks of its companies would have fallen into.
Looking at his anxious old friend, he smiled helplessly and said: "The Hang Seng Index has fallen from more than 16,000 points two months ago to 10,000 points now, a drop of 45.6. The market value of the stock market has evaporated at least 2.1 trillion yuan in two months, where did this money go?" I think you know it very well in your heart. As for the business and equity transfer some time ago, it is likely to be a smokescreen, even if it is not tens of billions of dollars, they can buy Standard Chartered as easily."
Kadoorie frowned and asked, "You mean they still have the energy to spare?"
Mr. Li pointed behind him and said meaningfully: "I think there is not only spare strength, but also help."
Once a son of heaven and a courtier, Hong Kong now is not the Hong Kong of a few months ago, Kadoorie nodded slightly, and said with a pun: "The goal has been achieved. I won the favor again, and the timing was good! "
Mr. Li makes an old friend a cup of kung fu tea. He sighed with emotion: "Using Hong Kong people's money to buy a British-funded bank has not only won a good impression, but has even become the savior of Hong Kong's economy and a national hero for the acquisition of British-funded banks by Chinese capital, and has truly gained fame and fortune."
Although it is said in business, it is impossible to be without a little morality in the shopping mall.
At the beginning of the establishment of NB Electric, HSBC provided a lot of help, and HSBC also sided with the pro-establishment faction in dealing with the issue of return, especially the return.
As soon as he remembered that they had not declared war, Kadoorie was angry, and said coldly: "HSBC is not Standard Chartered, don't say that they are not so easy to get, even if they can succeed, they will have to pay the price!"
At first, he was dazzled, but after a few days of analysis, Mr. Li already had a rough outline of the strategic deployment of the NB department, and looking at Kadoorie's gritted teeth, he couldn't help but smile: "Old friend, if nothing else, this acquisition war will end soon. Because their goal has been achieved, as long as most banks stop giving Hong Kong dollars to international speculators, and as long as international speculators stop attacking Hong Kong, they will not make any further moves."
Xinsheng investment is menacing, for the full acquisition of HSBC, Ding Wenming in public and non-public occasions is a vow, the whole swallow the "big stupid elephant" vow not to give up.
Kadoorie didn't think that Ding Wenming would give up so easily, and asked suspiciously: "Is it so vigorous, investing so much money, and selling so many high-quality assets just to help Wu Jinhua's former employee?"
Mr. Li took out a business card from his desk when Liu Siwei was president, pointed to the logo and slogan on it and said: "I have always thought that 'dreams change the future' is just a slogan, and it is even suspected of plagiarizing the American CE. But now, I believe they really have dreams and really want to achieve their future."
"Economic restructuring and revival of manufacturing?"
"You have also read the five articles of the Hong Kong government, they not only think so, but they are doing it, the back waves of the Yangtze River push the front waves, and they can't be convinced!"
Mr. Lee paused, then continued, "Frankly, I didn't have this understanding before the takeover, but now I know how determined they are. In order to realize their dreams, they do not hesitate to offend so many old friends, including you and me, and do not hesitate to take political risks to override the chief executive, and they may even offend in the future."
The NB system is indeed the largest, most valuable and most influential behemoth in Hong Kong.
But they have always insisted on staying away from politics, and there is not even a CPPCC member or Hong Kong adviser among the core personnel, and if it were not for Wu Jinhua's sudden resignation as president and chief secretary, no one would believe that they have ambitions for Hong Kong.
At stake in the future of HSBC, Kadoorie felt it was necessary to ask for clarification, and looked puzzled. [,! said: "Mr. Li, there is a Chinese saying that things must be opposed, I really can't imagine what good it will do for them?"
Mr. Li smiled and analyzed it in detail: "I think they are not pursuing any benefits, but avoiding disadvantages as much as possible. If it were me, I think I'd do it too, because there's no other choice."
"What do you mean?"
"What is the core competitiveness of the NB department? It's not NB Electric, it's not Xinsheng Investment, it's not Diamond Capital, it's not Jiangnan Luqiao, which is barely controlled, it's NB Laboratory! Looking back at their development history, it can be said that without the NB Lab, there would be no NB Department today."
Mr. Li lifted his glasses and continued: "From the perspective of layout and geography, they can only set up this research and development institution that can lay golden eggs in Hong Kong, because it can be located in Hong Kong. Under this premise, they want Hong Kong to be stable more than anyone else."
Emotional HSBC was lying down and was shot, Kadoorie was so angry that his teeth itched, and after thinking about it, he asked with a smile: "So, do they have confidence?"
"To be exact, I don't have confidence in Dong."
"But can they do better?"
Kadoorie hit the nail on the head: "The stock market plummeted, the property market plummeted, and in just a few months, it fell by 70%, and more than 100,000 owners became 'negative equity'. I don't think they can solve a series of immediate problems such as deflation, declining demand, increasing unemployment, and market depression."
Mr. Li nodded and said, "The whole economy is in a serious recession, even if Greenspan can't solve these problems. But they're fighting for who recovers first, and if those policies are implemented and internal relations are handled, it's likely to be a different story."
In the past period of time, in response to the sudden financial turmoil, the Hong Kong government has launched a huge analysis and publicity.
One by one, internationally renowned economists, including Nobel laureates in economics, were invited to Hong Kong to speak out and blame the former British government in Hong Kong.
Thinking of this, Kadoorie suddenly found that Mr. Li's words were very reasonable, as long as Wu Jinhua's performance during his tenure was better than that of other Southeast Asian countries and regions, it would be a success, as for which step to achieve is another matter.
Just when he realized that he was lying down and becoming a stepping stone for the NB system to save Hong Kong's economy, NB Electric launched a new round of acquisitions around the world.
The president of NB Power flew to Thailand to acquire the Phuket waste-to-energy power plant project that was unfinished due to the crisis. After a press conference, he flew to India to negotiate the acquisition of two hydropower projects in the northern Indian state of Himachal Pradesh, India's largest privately owned hydropower company, Jaypee, which is overwhelmed by a mountain of debt.
Immediately afterwards, the media broke the news that NB Power had acquired about 45 shares of the power project jointly owned by India's NCC Infrastructure Company and Indian Energy Corporation, with a total contract value of up to $11.2 billion!
NB Medical and Dunrui announced that they have reached an agreement for NB Medical to acquire Dongrui cell culture media and serum, as well as gene modulation and magnetic bead businesses, for $1.06 billion. With this acquisition, NB Medical will expand its growing life sciences business with technologies applied to the development and production of new drugs, vaccines and diagnostics.
NB Airlines announced that it had partnered with Airbus to invest 14.7 billion marks to officially set foot in the aircraft financial leasing industry, becoming the world's third largest aircraft financial leasing company after CE and Honeywell.
At the same time, NB Industrial Manufacturing signed a US$700 million generator agreement with Saudi Electricity Company to supply a natural gas turbine generator and four sets of steam turbines .R752 produced in cooperation with Orient
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