458 GENERAL MEETING OF SHAREHOLDERS OF YIZHI(2)

"What did you say?" Simon Keswick roared angrily, if it weren't for the long-term gentlemanly culture and the fact that all the Jardine Land shareholders and many media were here, he would really want to beat people.

"I'm talking about a solution to the crisis of Jardine Matheson on Landmark, and there are also friends from the bank who are present, and I don't think anyone will object to this plan!" Niu Bijian looked at the representative of the creditor bank sitting at the front, and saw that several of them were also discussing something internally, and after Niu Bijian finished speaking, they did not object.

From the perspective of their bank, this is indeed the best way, no matter how heavy the debt of Hongkong Land is, as long as Chen Zhiwen is willing to become the owner, then they will no longer have to worry about repayment, although the scale of Hongkong Land has reached the point where it is too large to fail, but no one knows that the probability of bankruptcy and bankruptcy is very low, whether it will be touched by them, not every bank is super large, hundreds of millions of loans can not be recovered, and they have to be peeled off if they do not go bankrupt. Again, they were even more unlucky. Not to mention that if Hongkong Land fails, the ripple effect will destroy many other businesses, and the bank's losses will be even greater.

But Simon Keswick, the major shareholder, is here, and they all know that the purpose of this shareholders' meeting is to seize power, and before the results come out, it is not easy for these banks to interfere too much, otherwise, the Keswick family will return to Jardine Matheson, and the banks they have expressed their stance will also be unbearable if they are delayed in repayment.

"Jardine Matheson doesn't need any advice from a traitor." Simon Keswick said into the microphone again, and the voice reached the sons of everyone on the scene, directly labeling "traitor" to Newbi.

"Joke, Jardine Land is the owner of all the shareholders present, not your Keswick family, you have the ability to increase your stake to 51%, or at least 35%, otherwise, a shareholder with only 10% will dare to say that the company is yours?" Niu Bijian immediately retorted loudly.

As long as the land belongs to the public and not the Keswick family, then the capital he introduced into Chen Zhiwen is naturally not a traitor, and this is correct in itself, what kind of control is 10%? It's just that Landmark Jardine Matheson is a company that has been listed for a long time, most of the shares are scattered among retail investors, and a small amount of concentration may also be in the hands of some foundations that specialize in investment and do not care about operation and management, and the Keswick family, which owns 10% of the equity, is held by default in Jardine.

Of course, if you look at it from the point of view of British capital, then he is indeed a "traitor".

"Hmph, you know what the situation is." Simon Keswick didn't say anything more, the Keswick family's control over Jardine is indeed not high, otherwise, 10 years ago, it would not have allowed the non-existent shares to take away control.

"Our argument is meaningless, let's let all the shareholder representatives vote on it, and on the side of the bank group, it is just not a veto." Niu Bijian said to everyone again.

When a company involves a major shareholder change, the creditor bank has the right to intervene, but under normal circumstances, as long as it is not too outrageous change, the bank will not intervene, so many loan companies, they cannot review one by one, and now that Hongkong Land is in crisis, major changes need their consent.

It's just that when it comes to several giant companies in Hong Kong, of course they won't have any objections, and no one in the middle can be offended, anyway, they are just creditor banks, and theoretically speaking, as long as the lender has the ability to repay, they can't care how they toss.

"I object, Hisense Bank itself is also one of Hongkong Land's largest creditor banks, and according to the banking law, its boss is not allowed to take a stake in the bank's customers." Simon Keswick's mind quickly turned and it quickly occurred to him that Hong Kong's banking law clearly stipulates that banks are not allowed to lend to enterprises in which their majority shareholders hold more than 16% of the shares, or shareholders who have immediate family relationships with each other.

For example, Hisense Bank and Chen Zhiwen's father Chen Tianshou do not have any equity ownership relationship, but it is also not allowed to lend to Hengyi, of course, in fact, it may not be so strict, as long as the amount is not too high or the risk is too great, the general Hong Kong government also turns a blind eye, but the legal provisions have been written there, and the corresponding responsibility must be paid in case of violations.

"There is no need for Mr. Keswick to worry about this, since we have discussed the shareholding of the shares, we have naturally thought of solutions to various problems, but it is still up to Huo Sheng of Hisense Bank to explain." Niu Bijian said with a smile.

Subsequently, at the invitation of relevant personnel, Huo Jianning and Standard Chartered Daban Bier Winter came in through a door on the side, and then walked to the position of the bank representative.

Simon Keswick glanced at Huo Jianning, and then at Niu Bijian, and was a little hesitant in his heart, the original problem of the land was super big, even if he drove away Niu Bijian, if he ran it by himself, it would be difficult, not to mention that there was a tiger's eye on Chen Zhiwen outside, and now Niu Bijian was not driven away, but fell to Chen Zhiwen because of his own persecution, which was one of the possibilities he had expected.

But there is no way, he must get rid of the waste of Niu Bijian, otherwise, Jardine Land will definitely go out of business.

"Ladies and gentlemen, it is a great honour to be here at the shareholders' meeting of Jardine Matheson and Land." Huo Jianning said very formally: "The issue of Hong Kong banking regulations raised by Niu Bijian just now, we have already considered it clearly, if this shareholders' meeting is passed, our boss Chen Zhiwen Chen Sheng will become the major shareholder of Hongkong Land or Jardine Matheson Group, therefore, all the funds owed by Hongkong Land to Hisense will be transferred to Standard Chartered Bank, Citibank of the United States and Sumitomo Bank of Japan, these three banks have a high reputation in the world, if Hongkong Land Group can take this opportunity to reach cooperation with these international banks, Then there may be higher development opportunities in the future. ”

Illegal things,Hisense Bank naturally doesn't do it,Banks can't lend to groups that have interests with themselves,Then just transfer it out,Sell this loan to other banks。

The current Hongkong Land is a mess, and many creditor banks feel that the risk is relatively large, and even come to collect debts, but if Chen Zhiwen becomes a shareholder, it will be completely different, originally for many banks, a bad debt will instantly become the best quality loan for the entire bank, and even a source of long-term profits.

In the face of Chen Zhiwen's preconditions for taking shares and even obtaining management rights, there are actually many banks that agree, and Standard Chartered is chosen because it has cooperated for a long time in Hong Kong before, and has also helped the boss Chen Zhiwen a lot, Citi is the boss's long-term partner in the United States, and Sumitomo Bank of Japan is because of Hutchison's investment in Japan, and various leveraged loans are also provided by Sumitomo Bank, which brings a greater flow of funds to Hutchison, and at the same time, Sumitomo Bank also wants to enter the Hong Kong market, and all parties hit it off.

"Thank you Huo Sheng for your explanation, since there is no problem in the legal aspect, then I officially issued a proposal to vote on Chen Zhiwen Chen Sheng's proposal for Hongkong Land's financing of HK$1.7 billion." Niu Bijian smiled and said: "Of course, this matter is too urgent, now we will vote first, as long as there is no veto, then we can continue to make up for it."

During this period, if you are a shareholder who has rushed back from overseas, you can stay at our Cultural Oriental Hotel for free. ”

Under normal circumstances, if you need to expand your shares or raise your shares, you need to inform all shareholders in advance, which is generally at least one month in advance, and about half a month in advance, which is also to give shareholders enough time to do investigations and so on.

However, this time it is the main raid, of course, I will not say it in advance, with the current situation of Hongkong Land, there is actually no good choice.

"Now? This was too hasty. Simon Keswick hurriedly said, how could he not know that this financing was aimed at himself.

"It's a bit rushed, but it doesn't matter, if you don't think clearly, you can not vote or cast blank votes, we will count, if the total number of shares of people who don't vote exceeds 1/3, then it will be extended to 15 days after continuing to vote." Niu Bijian said with a smile again.

In fact, this is not a big problem at all, Chen Zhiwen himself has 21% of the shares, plus he has been a senior who has been running Jardine Matheson for ten years, and he also knows many shareholders, and under special persuasion, they have all agreed to this plan.

"But if it's only HK$1.7 billion, it doesn't seem to be enough for land, right?" Simon Keswick asked again, the notice time can only be delayed, and the fundamental problem cannot be solved, but he is also very curious, with Chen Zhiwen's worth, how can he only invest 1.7 billion Hong Kong dollars, and this money will be invested in it, which will make Chen Zhiwen a major shareholder of Hongkong Land, but not to the point of holding.

"Because Chen Sheng already has more than 20% of Hongkong Land's shares, and the investment of HK$1.7 billion is calculated, after the investment, he can own a total of 34.9% of the shares without triggering the acquisition offer." Niu Bijian said with a faint smile.

"What? How is this possible? I have checked the stock transactions in the past two years, and it is impossible to have any secret acquisitions, which can allow Chen Zhiwen to obtain more than 20% of the shares. Simon Keswick's face changed dramatically.

In order to keep his own industry, Simon Keswick investigated Chen Zhiwen's behavior of acquiring some company shares a long time ago, and generally made slow acquisitions two or three years in advance, and then concentrated outbreaks, forced acquisitions, plus other resources and various reasons, even if the Hong Kong government has changed the takeover offer to 35%, it can still allow Chen Zhiwen to actually control the company through various means.

Therefore, the biggest core is to prevent clandestine acquisitions, which is not difficult, as long as it is found that there are a large number of acquisition funds in the covert acquisition, then it only needs to be announced, the stock price will inevitably rise sharply, and the acquirer will inevitably stop because of cost reasons.

But in the past two or three years, Simon Keswick has been staring at the transaction of Landmark Jardine Matheson shares, to say that there are some funds that do not know the source of the acquisition, but the scale is not large, and it cannot meet the requirements that can threaten Landmark Jardine, which also makes Keswick feel much more at ease, even if Chen Zhiwen wants to control Hongkong Land again, through banking means, it is useless if there are not enough shares.

Even if it is like now, Niu Bijian is doing internal response, but at the shareholders' meeting, as long as he finds some people and exerts a veto power with 33.4% of the shares, then Chen Zhiwen cannot invest.

Of course, the debt problem is another matter, and Chen Zhiwen can still make a dead hand, but this is a business struggle in another field, and it is not a matter of shareholders' meetings.

But if he has more than 20%, it will not only seriously affect the entire voting result, but also affect all shareholders present, not all small shareholders will analyze who is right and who is wrong, most of them will follow the major shareholders, after all, normal major shareholders are the largest holders of the interests of the entire group, and generally have the ability to become a major shareholder.

Once they lose the shareholders' meeting, the Keswick family will never have a chance, and they will only be a small shareholder who only deserves dividends in the future.

"It's very simple because we started buying shares in Hongkong Land five years ago." Looking at the lively Huo Jianning from the side, he said with a smile.

"Five years ago?" Simon Keswick was stunned, at that time, Chen Zhiwen had not yet acquired Wharf, and the land at that time could be said to be in full swing, and Chen Zhiwen's worth at that time was not far less powerful than now, I really didn't expect that he would start to lay out at that time.

(End of chapter)