282 The cost is borne by HSBC
Bao Fuda, who had not spoken, continued: "Connor, becoming one of the Jardine Matheson family does not mean that you will lose everything you have now, and we Jardine Matheson will not interfere in the management of HK Electric at will, besides, if HK Electric is acquired by Chen Zhiwen, there were so many British executives under the Hutchison Group, but now there are few left, the Chinese have basically mastered Hutchison, this is still Chen Zhiwen needed British high-level management to master Hutchison, now he is full of talents, if he controls HK Electric, How long do you think you high-level executives will be able to sit still? β
"Okay, then I'll go back and convene a high-level meeting to discuss this matter, but keeping all of us in positions is the basic condition for this cooperation." Connor thought for a moment and said, what Bao Fuda said is indeed reasonable, it has developed to this point, and if you want to return to the previous situation where there are no major shareholders and their management is dominant, it is no longer possible, the difference is who will control HK Electric.
"No problem, this can be a paper agreement, at least for three years, you don't need to worry about it." Niu Bijian said boldly, and glanced at HSBC next to him, anyway, he was put by him, and he also lost the voting rights at least the previous years, it is better to be a good person once.
Besides, even if he does get a controlling stake in HK Electric, he will not move these people casually, as long as he doesn't have any crooked intentions.
Shen Bi saw that things were going in the direction he wanted, and said with a smile: "Okay, although there may still be some opinions on the content of cooperation, but our direction is the same, then go back separately and get ready, Chen Zhiwen's side, no one knows what he will do?" We still need to do it quickly. β
"Okay, then I'll tell a few more people as soon as I finish the emergency meeting tomorrow." Connor was a man of action, and he said hello and left.
Shen Bi and Dice were the same, and soon left.
"Shen Bi, an old fox, put me on the table again, I guess since we asked him out, he wanted to use us to control Hong Kong Lantern." Niu Bijian said with some annoyance. HSBC cannot buy shares in other companies, unless the company is about to go bankrupt and owes HSBC a large amount of loans, in which case HSBC can take over for a short time, but when the company's business improves, it needs to change hands, which is Hong Kong's "quasi-central bank" restriction.
This has also led to HSBC's inability to intervene in any other industry except the banking industry, which is stuck in Hong Kong's upper limit, and now it has indirectly controlled HK Electric by taking the opportunity of Jardine Matheson's desire to acquire HK Electric.
"Being able to climb from an ordinary employee to a position in HSBC's overclass must be outstanding." Bao Fuda shook his head and said: "We need HSBC's funds, and it's normal to be countered, but as long as we pay off this loan in the future, then HK Electric is ours." β
"You think too simply, Shen Bi, this person, would it be so easy to let the duck in his hand fly away?" Niu Bijian sighed and said: "I'm afraid that after tossing for a long time, I will make a wedding dress for HSBC." β
"What then? You can't give up now, can you? Bao Fuda said with a frown.
"It's impossible to give up, as long as we get the ownership of HK Electric, even if we win, we will talk about it later." Niu Bijian said that in Hong Kong, a commercial society, it is itself a mutual cheat, but there is always a law, as long as it legally controls HK Electric, then HSBC will at most dig a piece of meat from itself and take it away, and it is impossible to snatch it again.
Downstairs at the Mandarin Oriental Hotel, inside a Rolls-Royce car.
Diess said: "Mr. Shen Bi, it seems that everything is as you planned, even if Niu Bijian knows that there is a problem inside, he can only jump in, and Connor has no choice at all." β
"Niu Bijian sent it to the door by himself, but it is much more convenient for me, otherwise, as he said, if you want to find someone to stand up and fight against Chen Zhiwen, I am afraid that the whole of Hong Kong will really not be able to find it." Shen Bi shook his head and said.
"But our biggest opponent is still Chen Zhiwen, his growth is too fast." Diess frowned and said: "A friend of mine in Japan told me that a small game console called Game Boy launched by Midea Group has been sold out in the whole of Japan, and I have a general understanding that this product is now selling almost 500,000 in Japan a month, and on Midea's side, I estimate that the net profit is at least 100 Hong Kong dollars." β
βgame boyοΌ I've heard that there was also a lot of excitement in Hong Kong last year, and this thing is only in Japan, and it can net 50 million Hong Kong dollars a month? Shen Bi said with some shock, their HSBC monopolizes the interests of most banks in Hong Kong, and they can't make so much money in a month, and this is only a Japanese market.
"Yes, maybe not only that, but many Japanese people are willing to buy at a high price, and even gave birth to specialized scalpers." Diess said: "But this thing can't be popular all the time, it also sold well in Hong Kong at the end of last year, but the follow-up soon slowly became less popular, maybe it was bought when it was time to buy, it can only be said that making money is very profitable, but it's all quick money, maybe a few months later, sales will drop sharply." β
"That's scary enough." Shen Bi thought for a while and said: "This time Chen Zhiwen must not be allowed to buy HK Electric, in fact, this is also the meaning of the Hong Kong governor, but Hong Kong needs to maintain the image of a free market, the Hong Kong government has been criticized by many people for modifying the rules for triggering the takeover offer, no matter what happens this time, the Hong Kong government can not interfere, only by us people." β
"Yes, if even a 35% trigger takeover offer can't stop the fate of being acquired, then the general trend is really gone." Diese nodded and said.
"How's the progress of SITC Bank in the U.S. lately?" Shen Bi asked again.
"It's not good, I heard that there are banks in the United States that want to buy SITC, but I can't find any one, and SITC probably wants to ride a donkey to find a horse." Dees said.
"Banks in the United States? Recently, the Federal Reserve has been raising interest rates, and most U.S. banks are unable to protect themselves. Shen Bi frowned and said: "Staring at this matter, SITC is the most important step in HSBC's internationalization for us, and we must not miss it, otherwise, if we find the next suitable one, we don't know if it will be the Year of the Monkey, and you have also seen that the reason why Chen Zhiwen has become so powerful in a few years is because he is the first in Hong Kong to go international." β
"Understand, in a few days, I'll go to the United States." Diese nodded and said.
As early as the early 70s, HSBC was ready to buy a British bank, but was looked down upon by British banks and blocked them, because for many British bankers, it was a shame to be bought by a small bank in Hong Kong, even if HSBC's profits were high in the whole of the United Kingdom.
Subsequently, after several years of searching, finally found the sixth largest bank in New York in the United States, SITC Bank, but the same problem is still there, a Hong Kong bank wants to acquire American banks, it is very difficult, only the U.S. Department of Commerce and the Federal Reserve are very difficult to pass, these years, in order to be able to succeed in the acquisition, HSBC does not know how much energy and resources have been spent in it, it can also be said that after Shen Bi became the owner of HSBC, the most important thing, there is no one.
The next day, Chen Zhiwen was tinkering with the latest Apple 3 computer, which is Apple's latest product, before the release, he specially sent a batch to Chen Zhiwen, after all, Chen Zhiwen is also one of the company's co-founders, even after multiple equity dilutions, he still has 22% of Apple shares in his hands, and is currently Apple's largest shareholder.
Different from the previous history, Chen Zhiwen's investment in Apple has affected many places, the most basic is the capital level, the first investment plus multiple capital injections in later generations, as well as Costco and Walmart's channel resources, so that the current Apple company has developed better, and the strength of research and development is also stronger, which has also led to the release of Apple 3 computers earlier than the original history.
Some time ago, the computer held a grand press conference in San Francisco, attended by thousands of people, hundreds of reporters from all over the world, and Wolds himself took the stage to perform the power of Apple computers in front of the media. The launch made the Apple 3 one of the most popular personal computers in the United States right now.
There was a knock outside the door.
"Come in." Chen Zhiwen saw that it was Zhou Jiayang and Xu Jinhong.
"Chen Sheng." The two walked in and greeted them.
"There are a few computers sent from the United States here, one of you can use it, and in two years, our group will also start to learn from the United States, and use personal computers to work in an all-round way." Chen Zhiwen said with a smile.
While Jobs's propaganda message is to bring personal computers into every home in the United States, which is a long-term slogan goal, at the executive level, it is clearly impossible now, and no matter what the computer, it is now mainly for business needs.
That is, computers that were previously only used by universities, big tech companies, banks, and industry leaders have gradually been decentralized to ordinary companies, and some industries that are commonly used to analyze and record data, such as warehouses, retail, etc., can start to use personal computers.
Companies in the United States, especially in Silicon Valley, are slowly starting to introduce computers for office work, because it does increase efficiency.
"Shouldn't this be given beauty?" Xu Jinhong said with a smile.
"They have theirs, you have yours, get acquainted with them first." Chen Zhiwen said with a smile: "This thing is very expensive, and the terminal price is 2,600 US dollars." β
"$2,600? The tech industry is a lucrative one. Zhou Jiayang was a little shocked, he actually probably knew the profits of several game products of Midea, and now the computer in front of him is just a box and a monitor, and it sells for 2,600 US dollars.
"It's not profiteering, and we don't have the scale we have today, don't look at this very small, but the cost of research and development is in tens of millions of dollars." Chen Zhiwen smiled, it is true that he did not rely on the electronics industry to start his business, but he was able to grow big in the future, and more than half of the credit was to rely on arcade machines.
"Yes." Zhou Jiayang nodded, and said: "Chen Sheng, the two of us are here to report to you something, we have a news from our people at HK Electric, HK Electric held a high-level meeting this morning to discuss the private placement of shares of Hongkong Land, and then let Hongkong Land become the majority shareholder of HK Electric. β
"They reacted quite quickly, we bought Hutchison and Wharf successively, and it is estimated that these ghosts are no longer willing to sell HK Electric to us." Chen Zhiwen nodded and said.
When the scale is large enough, the management controls the company, but once it is forcibly acquired by external capital, it is not resistant, not only in Hong Kong, but also in many international companies.
"At present, in the whole of Hong Kong, the ability to oppose us is Jardine Matheson and HSBC, these two together, coupled with the Hong Kong government's revised tender offer trigger rules, once Hongkong Land really becomes the majority shareholder of HK Electric through a private placement, we have no other way but to touch the takeover offer at a high price." Xu Jinhong frowned and said.
"But we don't have enough shares to veto." Zhou Jiayang said.
"Doesn't such a large private placement of shares require the consent of all shareholders?" Chen Zhiwen asked.
"Theoretically, it is needed, but over the years, many companies have basically been decided by the board of directors, as long as there are no huge losses, the general shareholders' meeting will not be investigated, not to mention companies like HK Electric, like Hutchison back then, are a bunch of small shareholders, and they can't be screwed together at all, and what to do is completely up to the board of directors. Zhou Jiayang said.
"It doesn't matter, there is a law to follow, we are now the majority shareholder, as long as we publicly oppose HK Electric's private placement plan, we can use this reason to organise a general meeting of shareholders." Chen Zhiwen said.
"Yes, then we still need to find some of HK Electric's shareholders and ask them to support us at the shareholders' meeting, or we can buy their shares." Zhou Jiayang analyzed.
"The general meeting of shareholders is generally announced ten days in advance, you have ten days, and it should not be a problem to find a 7% shareholder, but it is safe, or to acquire, even if the price is a little higher, in our own hands, always rest assured." Chen Zhiwen nodded and said.
Any conspiracy is meaningless in the face of absolute strength, as long as he acquires 33.4% of the shares, he can veto HK Electric's financing plan.
"It's not difficult to do it at any cost, but in this way, once HK Electric's share price is pulled up by us, we will lose the possibility of a full acquisition in the future." Zhou Jiayang reminded.
"If you lose, you will lose, since Jardine Matheson and HSBC have intervened, it is unlikely that we will buy it without paying a little price, first get a share of the veto, and then I will let HSBC be responsible for this price." Chen Zhiwen snorted coldly and said.
(End of chapter)