569 OOCL's crisis

Many of Hong Kong's legal bases come from the United Kingdom, so the regulations in many aspects are similar to those of the United Kingdom and the Commonwealth, and even if they are different, they are very common, so there are more legal restrictions.

"If the acquisition reaches 16%, then Standard Chartered Bank is afraid that we will definitely worry that we will attack it, don't exceed it first, at least on the surface to 15.9%, and then I will arrange for the capital in the United States to acquire some appropriately, anyway, we will not take the initiative to acquire, just let them rest assured." Chen Zhiwen said.

Any company, by another person with stronger financial strength to buy a large scale, its major shareholders will definitely panic, no one is the same, not to mention, Standard Chartered has been a century-old enterprise, shares have long been diluted, like other large Western companies, now is the management in charge, once there is the latest major shareholder, then the management will inevitably have this concern.

According to the original history, next year, Rice Bank will launch a hostile merger and acquisition of Standard Chartered, at that time, they can take the opportunity to completely control Standard Chartered, so that there will be a lot less resistance, after all, Hong Kong capital in the United Kingdom forced to acquire a large local bank, that face of resistance, must be very large, this is different from their own goodwill acquisition of the British automotive industry, the government's attitude will be much better, besides, the importance of the financial industry, but to exceed the same scale of manufacturing.

"Okay, it's convenient, otherwise there are so many loans, I'm afraid only HSBC or Hang Seng can eat them." Zhou Jiayang said.

Nowadays, the larger banks in Hong Kong,The first level is actually HSBC、Hang Seng、Standard Chartered、Hisense,Others,It's much smaller,Because of the relationship between Hong Kong banking law,Hongkong Land、Hutchison、Wharf's huge loan can't be placed in Hisense,If you can't even use Standard Chartered anymore,Then you can only cheap HSBC。

"This problem, in fact, when we really acquire Standard Chartered, we also need to consider it." Chen Zhiwen said: "Choose a few suitable Chinese-funded banks, and then let Hisense Bank take no more than 16% of the shares, and then we will slowly transfer other loans, otherwise when the time comes, it will be too passive to suddenly transfer Standard Chartered loans on a large scale, even if you don't give it to HSBC, it is estimated that it will be slaughtered by other banks." ”

In the 83-84 two years, Chen Zhiwen's relationship with HSBC is slightly better, but since HSBC is ready to part ways with Hong Kong in the future, there is no reason for him to cooperate with it all the time, and cultivate a group of stronger Chinese-funded banks in Hong Kong, which is also beneficial to himself, which is similar to a supplier in the manufacturing industry. However, large office buildings or shopping malls still need to be invested, and these investments have no low capital requirements.

"Okay, I will discuss this matter with Dong Youwei and Huo Jianning." Zhou Jiayang said that this matter is indeed very important, Hongkong Land, Hutchison Wharf, the total loan in Standard Chartered exceeds 10 billion Hong Kong dollars, once Standard Chartered is also acquired, or the boss becomes a major shareholder, then these loans need to be transferred within 6 months, it is very passive.

"Okay, the most important thing at the moment is the new wharf of Kwai Chung Port, which must be won." Chen Zhiwen said again.

"Understood, Mr. Chen." Zhou Jiayang nodded and said.

The auction for the right to use the port of Hong Kong involves a large amount of capital, and the Hong Kong government also needs to be cautious, after the news is released, it is just waiting for the registration of all parties around the world, and will not enter the process soon.

Chen Zhiwen is not in a hurry, several competitors in Hong Kong are not as large as Hutchison, but there are several large port companies overseas that are large enough, but are they willing to invest a large amount of money in Hong Kong? There is a high probability that it will not, so the matter of Pier 5 is basically a must-win, but it is just a matter of time.

The first four ports, once by the United States capital, Hutchison, Wharf, Jardine Matheson, Swire and other giants carved up, to this day, in the acquisition of Hutchison Wharf and Land, Hong Kong's existing four wharves, also he got two and a half, once the fifth pier was taken, the majority of Hong Kong's ports, are in his hands.

Fast forward to another week, into April.

On this day, a special guest came to the Chen family: Huo Yingdong.

"Huo Sheng, hello." Chen Zhiwen took Huo Yingdong to the sun room located above the third floor, the weather in Hong Kong at the moment is also relatively cool, it is very comfortable to bask in the sun and blow the wind, plus the glass above the sun room, and the function of ultraviolet rays, will not cause damage to the skin.

"The mansion in Taiping Shan, I don't know how many Hong Kong wealthy families want to buy a set, but unfortunately, in my time, it was too difficult for Chinese people to live here, and they couldn't afford it." Huo Yingdong said with emotion.

"Yes, in the fifties and sixties, it was really difficult for the Chinese." Chen Zhiwen nodded and said: "If Huo Sheng wants to live in Taiping Mountain, just buy a set, but now there are many owners who want to leave." ”

In the fifties and sixties, there were a few Chinese capital, but the scale was far worse than that of the British, not to mention the level of the four major foreign firms, that is, again, ordinary foreign firms, many Chinese capital could not compare, besides, even if there was money, it was impossible to live in Taiping Shan, here in the early days, it was the treatment of Hong Kong's high-level government and British giants.

In fact, the rise of Chinese capital in Hong Kong in the 70s was due to the improvement of relations between the mainland and the West, and at the same time to enter the United Nations, and other reasons, and it was also because of the pressure from the mainland on Britain in the 60s that Hong Kong and Britain had to set up an Independent Commission Against Corruption and treat the Chinese well, which finally gave the Chinese-funded consortium a chance to rise.

"Forget it, I'm already old, what kind of Taiping Mountain do I still live in." Huo Yingdong smiled and waved his hand and said, "Chen Sheng, I came here today because I need to talk to you about something. ”

"Please." Chen Zhiwen nodded, they all came to their house, they didn't really just come to see, there must be something wrong.

"The Dong family of OOCL, Chen Sheng should know, right?" Huo Yingdong asked again.

"I know, I heard that the Dong family is in a difficult situation now, and OOCL is also facing the threat of bankruptcy." Chen Zhiwen nodded and said.

In the 70s, three of the world's top 10 shipping giants were from Hong Kong, namely Pao Yugang's Global International, Dong Haoyun's Orient Overseas and Zhao Congyan's Wah Kwong Shipping, which in 1977 were first, seventh and tenth respectively.

Among them, Zhao Congyan is relatively low-key, whether it is the tenth or the hundredth, he can do his own business with peace of mind, but Dong Haoyun can't, he wants to be the first, and he takes his reputation too seriously, and even wrote a letter to complain to Time Magazine, saying that Bao Yugang is only the first in the tonnage of listed companies, and he is a wholly-owned company holding his own company, if Bao Yugang is converted into a share ratio, the tonnage is not as good as his own.

Although this logic is a bit nonsense, it is also recognized by many Hong Kong people, but Time Magazine does not like him, and in order to be ashamed, Dong Haoyun began the road of rapid expansion.

In fact, as early as the mid-to-late 1970s, he saw that there would be problems in the shipping market, but he believed that the problems in the shipping market would not last long, and that this trough was a good time for expansion.

As a result, the Dong family took out a large number of loans and ordered a large number of cargo ships from Japan, including the world's largest supertanker, which set a record for the world's largest steamer.

In 1982, OOCL's tonnage surpassed that of Universal International and became the No. 1 in Hong Kong, but it was not the No. 1 in the world.

Dong Haoyun continued to struggle, and Bao Yugang even visited him to remind him that he must be cautious when there was a big problem in the shipping market, but unfortunately he did not listen and continued to expand the acquisition, only to die of a heart attack when OOCL was not the largest in the world.

Soon after this, the global shipping crisis arrived, and the entire OOCL owed a huge amount of debt, and the size of the entire company itself was playing with leverage, and once the capital chain broke, the whole company was immediately abolished.

In 1982, OOCL's foreign debt exceeded 10 billion Hong Kong dollars, becoming one of the largest debt kings in Hong Kong, followed by the Hong Kong real estate crisis.

"Yes, Dong Haoyun used to have a good relationship with me, he died suddenly, it's a pity, his family company is now facing unprecedented difficulties, so I also want to help them, I don't know if Chen Sheng is interested in making a move, now that the shipping crisis has passed three years, oil prices have fallen, and global trade has begun to rise, this may be a good opportunity." Huo Yingdong said.

"With Huo Sheng's strength, it shouldn't be a big problem to help OOCL, right?" Chen Zhiwen said with a smile that the Huo family almost sat on the throne of the first Chinese family in Hong Kong in the 60s, but unfortunately it was suppressed by the British government in Hong Kong at that time, and even Huo Yingdong's proud work "Chinese Property Building" was forced to sell to a British-funded group because the Hong Kong telephone company did not answer the phone, and the entire Huo family slowly withdrew from the shopping mall, but because of the relationship with the mainland, the Huo family monopolized the sand in Hong Kong and was known as a generation of tsars.

Regardless of the construction of any building and highway, sand is needed, and it must be river sand, sea sand because of salt content, can not be made into building materials, Hong Kong is a small place, there are many building thieves, but there is no river, can only be imported from the mainland, which is equivalent to the Huo family controls the lifeblood of the real estate company in Hong Kong, even a number of British-funded giants, the same, otherwise it can only enter the river sand from Southeast Asia.

Although the Huo family has kept a low profile, the once huge wealth is still there, the emaciated camel is bigger than the horse, Huo Yingdong has invested or donated hundreds of millions of dollars in domestic countermeasures in recent years, but it is all real money.

"Chen Sheng said with a smile, it's true that I can't get this money, it's just that OOCL's problem is too serious, and it is the safest thing to have Chen Sheng's help." Huo Yingdong smiled and said.

"How can you help?" Chen Zhiwen nodded and said that last year, OOCL's loss exceeded 800 million Hong Kong dollars, and it is estimated that no one in Hong Kong can beat it, even if it is a few large real estate companies, the loss is not so ruthless.

In the original history, it was Huo Yingdong and the mainland's funds that joined forces to inject capital, plus the Dong family cleared their family shares at one time, and only promised to become a manager, which barely guaranteed that OOCL survived, and in the 90s, after the recovery of world shipping, it turned losses into profits, and the Dong family also became a senior worker because of the loss of shares, which can be regarded as a semi-decline.

Of course, the second child of the Dong family is even more awesome.

"The easiest way is to inject capital, which does not require a lot, hundreds of millions of Hong Kong dollars is enough, and I hope that Hisense Bank can issue a low-interest loan to OOCL to offset several liabilities with higher interest rates, thereby reducing OOCL's debt problems." Huo Yingdong said.

"Isn't this equivalent to me taking the money from Hisense Bank to subsidize OOCL?" Chen Zhiwen asked rhetorically, now, the Hong Kong real estate market has begun to pick up, and he has also invested in many future real estate giants, Hisense Bank's loan problem, basically there will be no problem of unsalable loans before.

"Chen Sheng filtered, said that it is a low-interest loan, but it is only a few loans in the hands of OOCL, you also know that when Dong Haoyun was still there, in order to expand, he borrowed a lot of high-interest loans, and in the first two years, in order to ensure the repayment of the loan, the same is true, and the interest rate of the previous global loans is very high, but now it is also low, and it is normal to offset the old loans with new loans." Huo Yingdong said: "The interest expense of this new loan will not be lower than the current normal interest. ”

"Then why are you looking for me? Can't find HSBC? Chen Zhiwen said again.

"HSBC couldn't approve OOCL's risk, and Shen Bi refused to let it go." Huo Yingdong said.

"The risk is indeed very high, even if I am willing to take out a loan, I must need a lot of interest, this is the most basic business logic of the banking industry, Huo Sheng will not understand." Chen Zhiwen also said that if there is no risk in bank loans, the interest can be very low, and the project risk is high, and the bank will naturally engage in interest.

"That's true, I know that." Huo Yingdong nodded and said: "Chen Sheng, in fact, it is not my intention to keep OOCL, but the mainland government, they don't want this shipping giant to go bankrupt, but they are not good to come forward directly, so they entrusted me, as for the risk issue, the mainland side promised that it will allow OOCL cargo ships to undertake the export of goods from mainland ports." (End of chapter)