212 Profit from it
"Dis. AVATAR? What do you want me to do with the general manager of Lottory? Chen Zhiwen said a little strangely.
Assistant Angel replied: "Maybe it's because Jardine Matheson wants to buy Wheelock, and HSBC can't sit still and wants to find us to intervene." ”
"Do you know a lot?" Chen Zhiwen smiled and said.
"You can always learn a lot by following the boss." Angel said with a smile.
"Okay, then let him come over tomorrow." Chen Zhiwen nodded and said. In the original history, when Jardine Matheson was preparing to acquire Wheelock, HSBC arranged for the Hutchison Group, which had been acquired by him, to intervene, but now Hutchison belongs to Chen Zhiwen, and HSBC has one less sword in its hand.
And if you can still find yourself, it is also your own opportunity, but if you want to let Hutchison try to buy Wheelock like later generations, HSBC will definitely not agree, how to do it, you can only see it later.
The next day, Dees came to the Hutchison Building in a low-key manner.
For the person in charge of Victory, Chen Zhiwen is still very face-saving, and he may need to cooperate with him in the future, after all, there are still a lot of high-quality assets in Hong Kong, especially some British-funded enterprises that have existed for hundreds of years, which can be said to be fat.
"Hello Chen Sheng." Diess said with Chen Zhiwen with very good Cantonese that there is basically no British ghost who has been in Hong Kong for a long time who can't speak Cantonese, which can be said to be a basic condition, and he can't even learn the language of the place where he makes money, so he doesn't deserve to make this money.
"Hello, Mr. Dees, please be seated." Chen Zhiwen greeted with a smile.
"Mr. Diess, what do you drink?" Angel on the side asked.
"Tea will do, thank you." Diess said politely.
"Me too." Chen Zhiwen said.
Angel then left, and Dyce said: "Chen Sheng, Mr. Shen Bi asked me to bring you a word, he should have come to meet with you in person to discuss this matter, but because the market is in a special period now, it is not convenient for him to come out and meet you in person. ”
"I understand that HSBC is also a director of Jardine Matheson, which is really inconvenient." Chen Zhiwen nodded and said that large companies in Hong Kong have the habit of inviting each other to be their own directors, such as HSBC Jardine is each other's shareholders, the same is true of the former Hutchison and CLP Power Swire, and even more than ten years later, when the Chinese consortium controls Hong Kong, there will also be this habit.
The most fundamental purpose of this is to be able to cooperate better to a large extent, or to avoid unnecessary vicious competition.
"Yes, Dorry has just assisted Hutchison in acquiring Yingxiao in Jingzhou, and I appeared in the Hutchison Building, which is normal, even if the people of Jardine Mason are suspicious, they have nothing to say." Dees said with a smile.
"I don't know, what does HSBC want me to do?" Chen Zhiwen asked.
"It's nothing, I heard that Chen Sheng's PARKnSHOP supermarket has a certain conflict with Hongkong Land's Wellcome supermarket, so this time, on behalf of HSBC, I can provide Chen Sheng with a certain amount of preferential interest rate loans." Diese said with a smile.
"No problem, as long as the interest rate is in place, I'm happy to have a good time with Hongkong Land." Chen Zhiwen said with a smile.
After the oil crisis, there was serious inflation in countries around the world, in order to suppress inflation and prevent an economic crisis like 1929, the Federal Reserve of the United States continued to raise interest rates, and today, the benchmark interest rate has been as high as 7 points, that is, the money is deposited in the Bank of the United States, and the annual interest is 7%.
Interest rate hike is a way for the United States to harvest other countries, and the same is true for the routine of future generations in 2022, when the interest rate in the United States is high, the funds of various countries will flow to the United States, if the control is not good, ordinary countries, and even smaller developed countries, foreign exchange may be exhausted, in order to prevent this from happening, countries must also follow the interest rate hike.
The same is true for Hong Kong, if the Hong Kong dollar does not raise interest rates, then a large amount of Hong Kong dollars will definitely be converted into dollars and leave for the United States to enjoy high interest rates.
In the case of high deposit interest, loan interest is naturally higher, in recent years, in addition to more profitable real estate, other real industries and even the service industry are difficult, financing costs are too high.
If you can get a preferential interest rate, it is a very high advantage.
"We can offer 7.2% interest, I don't know how much money Chen Sheng needs?" Dees asked.
"How about 1 billion Hong Kong dollars?" Chen Zhiwen said calmly.
"Billion?" Diese was stunned for a moment and said, "Chen Sheng, the expansion of PARKnSHOP needs so much money?" Even if you hold all your own properties, you don't need so much money, right? ”
"PARKnSHOP naturally doesn't need so much money, but relying on this alone, it doesn't have much effect on Hongkong Land, and if you really want to achieve HSBC's goal and let Jardine give up the acquisition of Wheelock, you need to start with Wheelock." Chen Zhiwen said.
"Chen Sheng wants to buy Wheelock as well?" Dice stared at Chen Zhiwen's eyes and asked.
Wheelock wants to sell itself, although the first choice is Jardine, but now that the news has been released, it must be ready to ride a donkey to find a horse, if Chen Zhiwen really wants to buy Wheelock, HSBC will definitely not support it, but Chen Zhiwen has a strong overseas relationship behind him, if he does not use HSBC, he can buy Wheelock, then HSBC is helpless about this matter.
If Chen Zhiwen wants to acquire Wheelock, then HSBC can also sit and watch Jardine and Chen Zhiwen confront, as for what to do later, you need to take a step by step.
"I'm not interested, but HSBC and I both have the same purpose, HSBC wants to block Jardine Matheson's acquisition of Wheelock, which is very difficult, unless you can give Wheelock a better buyer, otherwise, how to target Jardine Matheson, it will not affect the acquisition of Wheelock." Chen Zhiwen shook his head and said.
"Here in Hong Kong, it is estimated that no consortium can acquire Wheelock, and Mr. Shen Bi has sent news to some overseas consortiums, but it is difficult to say whether it can be found." Diese thought about it, but replied.
"So, if we want to delay this, we have to start with Wheelock." Chen Zhiwen smiled and said.
Diston became interested and asked, "What good ideas does Chen Sheng have?" ”
Chen Zhiwen said: "Mr. Dies, you should know that Wheelock has a lot of business competition with Jardine Matheson? ”
"Yes." Diese seemed to understand a little, and said, "Chen Sheng, are you trying to persuade Wheelock not to hand over his core financial information?" ”
"Yes, for Wheelock, once this information is handed over, it will be a waste of martial arts, John Stool is not a fool, he will inevitably be entangled." Chen Zhiwen said with a smile.
The negotiated acquisition of the two companies is different from Chen Zhiwen's forcible acquisition of Hutchison Group before. The latter is completely based on its own preliminary research data, if Hutchison really conceals a huge amount of debts or some aspects of business problems, and the forced acquirer does not find out, it is its own fault, and the negotiated acquisition, the acquiree, needs to provide a large amount of real information, including financial status, business operations, liabilities and other core information.
Listed companies, although they will also publish their company's financial information in their quarterly financial reports, but those are very superficial information, just to inform investors of the company's operating conditions, the core operating conditions are confidential, and when acquiring, these need to be informed to the other party.
If the acquirer has no conflict of interest with itself, then the notice will be informed, but if it is a competitor in many fields, once it gives these information, it is to take off its underwear, if the other party suddenly does not acquire again, it is a major loss for the acquiree.
Jardine Matheson and Wheelock, and even other large foreign firms, have been operating in this small place of Hong Kong for a hundred years, and the conflicting industries are not 100 to 50.
"That's a way, Wheelock is interested in asking me to be a consultant, and I can tell John about it." Disston paused.
"It's pretty efficient." Chen Zhiwen smiled, this is also one of the benefits of Victory to HSBC, through this very well-known subsidiary in the Hong Kong investment community, HSBC can indirectly influence the mergers and acquisitions, investment and so on of most of the large companies in Hong Kong.
As for public and private use? Isn't this normal?
"If John Stool hesitates, it is possible that this merger will really be ruined, but what does this have to do with Chen Sheng's need for 1 billion Hong Kong dollars?" Dees then asked.
Chen Zhiwen replied: "I will not buy Wheelock, but I am a little interested in some of Wheelock's assets. ”
"Wheelock's assets? What did Chen Sheng fancie? Dees asked.
Chen Zhiwen turned his head slightly, looked not far away from the floor-to-ceiling window, pointed and said, "There." ”
"The Federal Building?" Diston understood and said.
"No, and the International Building next to it." Chen Zhiwen said calmly.
Hong Kong's Central is the first place to develop after the opening of Hong Kong, so it has always been the center of Hong Kong's economy, and because of its early development, the properties in Hong Kong's Central are controlled by these century-old companies.
Although Hutchison Group was also known as one of the four major foreign companies in Hong Kong a few years ago, in fact, the history of Hutchison is not long, and it belongs to the rising star of British-funded foreign companies.
Wheelock is different, with a history dating back more than 100 years, and several properties in Central, Hong Kong, the most famous of which are two towers near Victoria Harbour: the Federation Building and the International Building.
"These two properties can be said to be one of the most valuable assets of Wheelock, is Chen Sheng sure that he can acquire them?" Dees asked.
"You've got to give it a try." Chen Zhiwen smiled and said: "If I can acquire these two buildings, then Jardine Matheson may be less interested in Wheelock, right?" ”
In fact, what almost no one knows is that since the northern government began to cooperate with the West, a lot of capital in Hong Kong has begun to prepare to leave, and John's Bench of Wheelock is one of them.
In the original history, after Jardine Matheson's acquisition of Wheelock was indirectly destroyed by HSBC, Wheelock began to vigorously develop the real estate industry, but it was very conservative, all of them cooperated with other real estate companies in the mode of their own land, and never invested a penny of their own, and with the benefits of the heating up of the real estate market, Wheelock made a lot of money after 77 years.
After making enough money in the real estate market, John Stool invested all these funds in the shipping industry, because in his opinion, sea ships are assets that can walk, and even if something happens, these assets are floating in the ocean.
The latter ending can be imagined, the shipping crisis broke out in the 80s, and Wheelock was almost buried in it, until it was acquired by Bao Yugang.
In the real estate development at the end of the 70s, John Stool also sold the federal and international buildings, which at least shows that in the eyes of John Stool now, these two buildings can also be sold, as long as the price is right.
"I need to report to Mr. Shen Bi before I can give Chen Sheng an answer." Diese thought for a moment and said.
Shen Bi only authorized him to provide funds for the expansion of Chen Zhiwen's PARKnSHOP supermarket, which may only cost two or three billion Hong Kong dollars, and now Chen Zhiwen wants to take this opportunity to obtain funds for the acquisition of the federal and international buildings, which will involve several times more funds.
And this also involves Wheelock, and it needs to be reported to Shen Bi.
"Okay, then I'll wait for good news from Mr. Diess." Chen Zhiwen nodded and said, "If I can, I would like to entrust Tori to complete this acquisition for me." ”
HSBC Headquarters:
"Chen Zhiwen is really an old fox." After listening to Diess's report, Shen Bi said with a sigh: "I originally speculated that with Chen Zhiwen's management style of selling various businesses on a large scale in Hutchison, he would not want to buy Wheelock, but I didn't expect him to actually hit the idea of the Federal Building and the International Building." ”
"He's really good at seizing the moment, but if we don't agree, there's not much he can do? Nor is it possible for him to refuse our support for his PARKnSHOP. Diese said.
"No, you're wrong." Shen Bi shook his head and said: "Chen Zhiwen must have known that we HSBC will not let Jardine Matheson acquire Wheelock, so he will inform you of the weaknesses of this acquisition, as long as we tell John Stool that it is best not to submit Wheelock's detailed information, then Jardine will definitely not dare to start at will, in this way, Wheelock is not in the hands of Jardine Matheson, then Chen Zhiwen has the hope of acquiring these two buildings, and he does not want Jardine to acquire Wheelock, Chen Zhiwen's purpose is to borrow our hand and cut off Wheelock's self-sale." ”
"Although I know that this is Chen Zhiwen's purpose, this is indeed a good way, if Wheelock does not provide important information and give Jardine ten dares, they will not dare to buy it." Dees said.
No one knows whether there will be another one in Hong Kong, especially the problem of foreign debt, foreign debt will not appear in Hong Kong banks, how much foreign debt a company owes, no one knows, even if it is a listed company, there are many legal ways to hide their debt problems, otherwise, if everything is transparent, there will not be so many banks or large companies in the history of human business suddenly collapsed because of debt default.
In fact, many bigwigs in Hong Kong know that even Jardine Matheson has a lot of foreign debts, and Wheelock is also one of the four major foreign banks, who knows how many problems there are? Especially now that it is still selling itself, even if Wheelock provides complete financial information, the acquirer will have to confirm it from multiple parties.
And don't provide information? Devils dare to buy? A pit can detonate the acquirer.
"Then you find a way to meet John Stool and tell him this suggestion, as long as he is smart enough, he should not provide the company's core confidential information, so that the acquisition is hanging." Shen Bi said: "And I have contacted a Southeast Asian consortium, which is a backup option, in fact, I don't want Southeast Asian capital to enter Hong Kong excessively." ”
"Okay, I'll make an appointment to meet John Stool tomorrow, but Chen Zhiwen also wants to entrust us to buy the Federal and International Building for him, what should we do?" Dees asked.
"If we don't take this business, he will find someone else." Shen Bi thought for a while and said.
PS: Ask for a monthly pass
(End of chapter)