113 Shen Bi in shock
βwhatοΌβ As soon as Shen Bi heard this, he subconsciously said a word in his native language, and then looked at the leisurely Chen Zhiwen, who was almost stunned at first, and didn't speak for a while, and he didn't know what was going on in his head.
Chen Zhiwen was also prepared for this situation, just drinking coffee leisurely.
"During this time, I have been thinking about who is buying Hutchison shares, and even I have doubted the Japanese and British consortiums, but I didn't expect that it was Chen Sheng." Shen Bi, who reacted quickly, also returned to normal and asked, "Chen Sheng, is this preparing to join the Hutchison Group?" β
"My goal, so to speak, is to buy the whole of Hutchison." Chen Zhiwen nodded and said, it has come to this point, and there is no need to hide anything.
"In this way, I underestimated Red Bull's profits, and Chen Sheng's acquisition of Hutchison's capital came from Red Bull, right?" Shen Bi thought for a while and said: "I don't know the development of Red Bull overseas, so I didn't expect that Chen Sheng might be the person behind the acquisition of Hutchison." β
"Red Bull is really doing well." Chen Zhiwen said with a smile.
In Hong Kong, Red Bull is already very famous, and many people actually know that this drink sells very well in the United States, and there is also Red Bull in the Hong Kong market, but the price of 2.5 Hong Kong dollars is basically no market in Hong Kong, where the per capita income is 200 Hong Kong dollars, but because the benefits of Red Bull are very good, and Chen Zhiwen treats his employees very well, and therefore, the Red Bull factory has become a company that Hong Kong's low-level workers yearn for, and it has some fame.
It's just that no one knows that just advertising on mainstream TV stations in the United States and major super tournaments is an investment of millions of dollars every year, and the current Red Bull is not very profitable at all.
Of course, if you want to make money, it's easy to make tens of millions of dollars a year by reducing advertising spending, but this will overdraft the potential of Red Bull in the future and the risk of being turned off by other players, and now that the arcade is starting to make money, Red Bull doesn't need to take any more risks.
Chen Zhiwen's funds naturally do not come from Red Bull, but there is no need to explain too much to Shen Bi, if he doesn't admit it, he sends someone to the United States to investigate in detail, then Costco and Walmart may not be able to hide it.
"How many Hutchison shares does Chen Sheng have in his hands now?" Shen Bi asked after calming down.
"Probably 35 percent." Chen Zhiwen said lightly.
β35%οΌβ Shen Bi was taken aback again, and said: "With this ratio, you can already control the entire Hutchison, why didn't you directly announce it to the public?" β
"Because out of respect for HSBC and respect for Mr. Shen Bi, the acquisition of Hutchison has never been a matter of equity ratio, but a debt issue, so I would like to discuss with Mr. Shen Bi the necessary issues before the announcement, so as not to have too much impact on the capital market and other banks." Chen Zhiwen said.
"Since you have controlled nearly 40% of Hutchison's shares, you are already the new owner of Hutchison, in this case, I want to ask, if you become Hutchison, how to solve the current difficulties of Hutchison?" Shen Bi thought for a while and asked.
His previous plan was that if Qi Dezun had the ability to repay the money slowly, even slowly, as long as he had this ability, then HSBC would not have to end up, and if not, he would need to drive away Qi Dezun and hand over Hutchison to someone who has the ability to manage, after all, Hutchison still has many real estate properties, and there are also many projects that can be profitable but temporarily suspended due to financial problems, as long as these projects are activated, it is still possible to revive Hutchison.
But now that outsiders have obtained a controlling stake in Hutchison, their own strategy can only be suspended, in the final analysis, HSBC's debt security is the most important, as long as it can repay its debts safely, HSBC does not care who will be the boss of Hutchison.
"There are a lot of problems with Hutchison." Chen Zhiwen has also prepared a speech, saying: "First, it is necessary to purge the current management, Hutchison now has too much management, most people are superficial, after streamlining, it can not only reduce labor costs, but also make the whole enterprise run normally again."
The second is to clean up unrelated industries, Qi Dezun in order to expand the scale in the past few years, any company has to meddle, all industries have to meddle, resulting in management chaos, most of the branches are in debt, my idea is, except for the core industry of Hutchison, the others, all not. β
"Core industries? What did Chen Sheng say? Shen Bi nodded and asked.
"Real estate, ports, retail, investment, at the moment I only value these four things." Chen Zhiwen said that after Li Jiacheng acquired Hutchison in later generations, after years of development, in fact, there were only five main businesses, the previous four and telecommunications, and the others, all of which were marginalized or sold long ago.
"In this way, the size of Hutchison will be reduced to less than half of what it is now, and even if Hutchison is restored, it may no longer be one of the four major foreign companies in Hong Kong." Shen Bi said with a smile.
"Whether it is the four major foreign banks, it depends on the scale, not how many industries are involved, even if the scale of a field is bigger, it can also become the big four or even the largest, besides, in the future, after Hutchison is acquired by me, it will not be a foreign bank again." Chen Zhiwen said confidently.
Now Hutchison's liabilities are indeed very heavy, the liabilities of the head office and subsidiaries from Hong Kong and overseas banks are estimated to be at least 2.5 billion Hong Kong dollars, and since the beginning of the oil crisis, the world has begun to enter the era of great inflation, in order to suppress inflation, the central banks of Europe and the United States have begun to increase the benchmark interest, resulting in all liabilities to face the pressure of increasing interest.
As long as it lasts for another year, Hong Kong's land price increases by 30%, then even if Hutchison is still losing money and can't pay off its debts, the debt ratio will be seriously reduced, not to mention that once the real estate begins to take off, it will be difficult for the real estate company to make money.
Therefore, it is important to get the support of HSBC now, if HSBC forces debt now, then Hutchison has only one way to go bankrupt, but it is really a last resort, and HSBC will not do this, because then it will also lose a lot of money.
"Chen Sheng is confident, but what the bank needs is assurance." Shen Bi frowned and said.
"If you promise, I don't know if this is enough." Chen Zhiwen took out a plastic-sealed document from the briefcase beside him and handed it to Shen Bi.
"$100 million? This is, Citibank's line of credit. Shen Bi's face changed greatly after seeing this piece of paper.
Citibank, but the top five super banks in the United States, the current HSBC, compared to others, is just a small landowner in the countryside.
"This is issued to me by Citibank in the United States, and there is a corresponding document version number on it, which is unique in the world, and if Mr. Shen Bi doubts the authenticity, he can call the headquarters of Citibank to inquire about the authenticity." Chen Zhiwen said calmly.
No way, Wal-Mart's results are too good, under the leadership of the Walton family, Wal-Mart supermarkets in the United States began to spread from Arkansas to nearby state capitals, opening stores in one city after another, basically every store opened as soon as it became popular, beating the supermarket giant Celtic in many places, plus a large number of shareholders are optimistic, and the stock is also rising all the way.
With such high-quality assets, what bank is reluctant to lend money?
The more money you have, the more the bank has to desperately collect debts, such as the current situation of Hutchison, but if you have money, the bank will be happy to lend you money again, you don't want the bank to beg for it.
Citibank is the same even if it is the world's top bank, and besides, a loan of 100 million US dollars is also a huge amount in this era, and how many countries want to obtain such funds, they have to sign a bunch of agreements with ZZ conditions.
"Authenticity, I believe." Shen Bi put down the document and said, this is just a certificate, less than a penny in cash, but if it is fraudulent and discovered, it will be wanted by the United States Global, besides, he has also worked in the bank all his life, this kind of certificate, he has also been in contact with, cross-border cooperation requires similar financial certificates, but I have never seen such a large amount.
"I don't know if this Citibank document can convince HSBC that I have the ability to run Hutchison." Chen Zhiwen continued.
"Of course, now I can only believe it." Shen Bi nodded silently and said.
The biggest problem of Hutchison is that there is no capital turnover, and now that it is, it is naturally not a problem, as long as it lasts for a year or two, the real estate market and the Hong Kong stock market recover, even if it is over.
"Okay, with Mr. Shen Bi's words, I'm relieved." Chen Zhiwen said with a smile.
"Chen Sheng, Qi Dezun's group of people, what are you going to do?" Shen Bi asked.
(End of chapter)