107 Hutchison Takeover(3)
Richard said: "This matter, although on the surface, it seems that our Hutchison has lost hundreds of millions, but this is from a long-term point of view, for the current Hutchison, the money invested before has been invested, and it is impossible to recover it, and what is lost now is actually the income in the future, that is to say, this matter will not have any impact on Hutchison, at least this year or even next year." ”
"In the short term, this is indeed the case, but shareholders will not listen to our explanations, and our shareholders will not listen to our explanations." Another director said.
Although Hutchison has been controlling the company by their group of directors for so many years, but legally speaking, the shareholders' meeting is always the highest body of the company, and under normal times, the company's benefits are good, and the shareholders see that their earnings are very good, and the dividends are very high, so they will not interfere with the board of directors and the current management, but in the past two years, Hutchison has become the worst stock in Hong Kong, and the shareholders have suffered heavy losses.
In this case, a huge loss-making overseas investment is enough to cause a domino effect, and a large group of shareholders who don't understand anything will not listen to any explanation.
Richard nodded and said: "That's the truth, so, we need to convince the bank, not the shareholders, although the current shareholders have a lot of opinions about us, but Hutchison shares have reached this point, they have nothing to lose, plus so many people, different opinions, it is easy to be divided."
As long as we can convince the bank to continue to support us, there will be many shareholders who will wait, and the so-called shareholders' meeting, even if it has the right to veto everything, will only be a mess without the leadership of the core number of major shareholders. ”
"So how do we get the banks to still have confidence in us?" Qi Dezun also agreed with Richard's point of view, scattered minority shareholders have never been taken into his eyes, as long as there is no strong major shareholder, he is the only person in charge of Hutchison.
Richard said: "Sell the Indonesian port quickly and cheaply, although the Indonesian government has issued a notice of compulsory repossession, but we are British capital, as long as we file a lawsuit, it can be delayed for a period of time, which also gives us a certain amount of time, as long as the port is sold, then the future has nothing to do with us, we can also get a sum of money." ”
"In this situation, who wants to buy this port?" A director asked with a frown.
"As long as the price is low enough, naturally someone will be willing to take over." "It's best to choose big European and American consortia, and only these consortia are not afraid of the Indonesian government," Richard said. ”
Qi Dezun nodded and said, "That's okay, but the loss is big." ”
"That's a lot stronger than it is now." Richard said helplessly, in the capitalist society, everyone likes to fall into the well and take advantage of your illness to kill you.
"I agree with your idea, but even if we sell cheaply, it is impossible to find a new buyer immediately, how can we convince the bank syndicate?" Qi Dezun then asked.
Richard said: "Indonesia's dry baru port, in fact, is a good lesson, if you shoot early, even if you will lose much, the time will not be so urgent, now that it is already like this, there is no need to say more, but we have a lot of such projects in our hands, we can give up some of these projects, get funds to re-operate other projects, as long as our capital chain can still operate, these bank groups will not really force too much." ”
"Now Hong Kong's real estate market has been slowly recovering, the stock market is the same, the global economy is similar, we have survived for two years, if we give up at this time, it will not be a waste of previous achievements, as long as the property price returns to the level of 1972, our debt is not a problem at all." Qi Dezun said slowly.
For him, the scale of Hutchison is greater than everything, according to Richard's method, it is true that Hutchison can be restored a little earlier, but at this time, any property or company is the current market price, the price is very low, and everyone knows the problem of Hutchison, who will not fall into the well and slaughter themselves fiercely?
If Hutchison Group sells a large number of property projects, can it still become one of the four major foreign companies in Hong Kong?
And the most important point is that the bank does not dare to do anything to Hutchison now, because Hutchison is large enough, if the scale is small, who knows if the outcome will be different?
"So it's a balancing act, giving up future profits to make sure we can get through this now." Richard said.
"What do you think?" Qi Dezun looked around and asked everyone.
"I'm against it."
"I'm against it too."
"I'm for it."
"I'm against it."
After some voting, the votes against the majority were in the majority, and Richard could only remain silent and never raise any more opinions.
Qi Dezun nodded with some satisfaction, everyone understood what he meant, so he said: "Since this is the case, then listen to Richard's first opinion, and immediately send someone to Europe and the United States to visit the terminal company or large shipping company, they may be interested in the port of Indonesia, and other properties in Hong Kong, it is better not to move for the time being, and if you can have the funds to start, start it, and if you can't start it, find a reason to stop it first." ”
"I'll take care of this, I know a lot of terminal companies in Europe." Richard said again.
"Okay, then let's do this first," Qi Dezun nodded and said, "I'll take care of the bank, Lily, help me make an appointment with Shen Bi from HSBC." ”
"Okay." The blonde-haired beauty beside her nodded and said, there are all British people in this conference room, and even the simplest assistant is British.
HSBC Headquarters:
The white-haired incumbent Sanders looked at the heavy rain outside and said, "Qi Dezun is looking for you?" ”
"Yes." Another ghost guy on the side nodded and said, it was the future HSBC senior Shen Bi.
"This waste is always so self-righteous, I warned him a few years ago, don't expand too radically, just refuse to listen, and now even HSBC is walking a tightrope." Sanders shook his head.
"Thankfully, you cut off HSBC's support for Hutchison in the first place, otherwise we would have been dragged down very badly." In the face of this senior who promoted himself all the way, Shen Bi was still polite even if he was arrogant.
"But there is still a debt of 500 million Hong Kong dollars, I am retiring, how to deal with this problem, I can only leave it to you, the Hong Kong government means that Hutchison cannot be allowed to go out of business, otherwise, it will lead to an uncontrollable situation." Sanders said.
"I've got some ideas, let's see how Hutchison responds to the situation." Shen Bi nodded and said.
(End of chapter)