614 One force will drop ten
As long as the shares are in the hands of the Chinese, no matter how many restrictions there are, it will be impossible to prevent Standard Chartered from being controlled by Chen Zhiwen, unless this Chinese is determined to be on the same line with the management of Standard Chartered.
Unless Standard Chartered signs a contract similar to a repurchase agreement, even if Bao Yugang or someone else signs an agreement not to sell shares to Chen Zhiwen, can it still be sold to someone else? When the time comes, you can just buy it yourself, or if Bao Yugang sells it directly in the stock market, what can the management of Standard Chartered do.
The essence of the problem is actually money, you have to have money, and then use a future repurchase agreement to tie up Bao Yugang and others, then outsiders are helpless, but such an agreement, ordinary people will not sign, unless there is a very high profit, but if Standard Chartered can do this, there is no need to turn to the Chinese rich now.
"Are you really planning to buy Standard Chartered?" Bao Yugang asked.
"Yes, the management in Hong Kong, in fact, I have already secretly agreed, they will be willing to cooperate with my plan, in the future, if there is an opportunity, I will also move the headquarters of Standard Chartered to Hong Kong, anyway, Standard Chartered Bank in the United Kingdom or even Europe, there is not much success." Chen Zhiwen nodded and said.
When he first acquired Hutchison, Chen Zhiwen was also very cautious and attracted a lot of Hutchison management at that time, the essential reason was that with the situation at that time, even if Hutchison was acquired at the capital level, the management still had to rely on the original team, otherwise once such a large company was in chaos, the loss would be huge, and Hongkong Land did not have this situation, one is because although Hongkong Land is large, its business is simple, and the second is that when it acquired Hongkong Land, it was already full of talents.
However,For Standard Chartered,The management difficulty is still far more than that of Hutchison in the past,Although Hisense is also a regional bank,Accept Standard Chartered's business in Hong Kong is not a big problem,But outside Hong Kong,It's a smear,You can only rely on the existing teamγ
In the past two years, Chen Zhiwen has publicly acquired Standard Chartered, and rumors have begun to rise within Standard Chartered, and during this time, Chen Zhiwen also had a secret meeting with Standard Chartered's Hong Kong senior management to set up cooperation matters, and then they will use their own relationship chain to gradually expand their contacts in other non-European regions and win them over.
For the teams of various national banks that operate well in many places, but have to hand over their profits to the British headquarters every year, and then cause losses for the whole group, they have no good impression of Standard Chartered in the UK, and Chen Zhiwen's promise will also give them more income and rights, etc., many people are also on Chen Zhiwen's side.
In fact, the British Standard Chartered also received some news, but it had no choice but to try to avoid being forcibly acquired, but unexpectedly, before Chen Zhiwen could do it, the British local Rice Bank suddenly stabbed him in the back.
"You really do things without leaks, and you have been ready for a long time." Bao Yugang nodded and said: "Although Standard Chartered Bank is headquartered in the United Kingdom, its business does not have anything to do with the United Kingdom, and the business in Hong Kong is very good, if it really becomes a Hong Kong enterprise, it is good, especially since he has the right to print money." β
"That thing doesn't mean much to me, it's just a name." Chen Zhiwen shook his head with a smile and said.
There are two banks in Hong Kong that can print money, one is the quasi-central bank HSBC, and the other is Standard Chartered, but the former accounts for more than 9% of the share.
In addition, the right to print money is only issued by the Hong Kong government, and banks only have names, whether they print or not, and how much they print is an order of the Hong Kong government, and there can be no mistakes in a penny.
"Haha, having said that, it's still very bluffing to say it, and again, Hong Kong is about to return, even Cao Guangbiao wants to take back the aviation market, not to mention printing money, HSBC is too well protected by the Hong Kong government, we can't do it, but Standard Chartered still has a chance." Bao Yugang nodded and said.
"So, Bao Sheng is ready to help me?" Chen Zhiwen asked with a smile.
"Help, I'm definitely willing, but Standard Chartered has a lot of restrictions on me, and if I want to get around, I still have to spend some time and energy." Bao Yugang said.
"Actually, it doesn't matter, I'm also waiting for such an opportunity, if Rice Bank doesn't do it this year, I'll be about the same, I have maintained 15.99% of the stock before, and secretly there is about 5%, since Rice Bank proposed the acquisition, I also began to publicly contact the shareholders of Standard Chartered, so now it is a three-way competition." Chen Zhiwen said with a smile.
"You're ready to go down too? What about how many of your other groups work with Standard Chartered? Bao Yugang asked.
"In the past two years, I have also started to transfer these loans, and even if I make a public acquisition, there is still a three-month buffer period, and I have some contacts in the banking circles in the United States and Japan, and they will take over these loans, so that I and Standard Chartered will be completely cleared." Chen Zhiwen said again.
Hongkong Land, Hutchison and even Red Bull have all cooperated with Standard Chartered in the past, and they are all very large, and the combined loan business in Standard Chartered Bank exceeds 10 billion Hong Kong dollars, and it is also one of Standard Chartered's largest customers.
However, in order to buy Standard Chartered, these debts must be transferred to other banks, otherwise British law will not allow this to happen, and in most countries around the world, banking laws basically prohibit banks from lending to other companies of their own bosses or major shareholders, and in some places even prohibit major bank shareholders from engaging in other industries.
"I see, no wonder." Bao Yugang smiled and said, "If you do this, everyone on the Standard Chartered side understands what you mean." β
"It can't be helped, that's all." Chen Zhiwen shrugged and said that the purpose of such a large-scale transfer of debts is obvious.
"Well, I also communicated with Qiu Depua, and he also received an invitation from Standard Chartered Bank, and it is the same on his side, the shares acquired cannot be given to you, or Rice Bank, it is estimated that every White Samurai will be like this." Bao Yugang said.
"Are there any restrictions on selling to other people?" Chen Zhiwen asked, if he can sell to others, then he can trade through an intermediary, but Standard Chartered Bank will not be so stupid.
"He thought about it, but I didn't agree, and the current agreement is not to trade with anyone else for two years, unless Standard Chartered Bank has a big problem in management and causes a big loss." Bao Yugang replied.
"Two years is not a long time." Chen Zhiwen nodded and said. This kind of acquisition, itself is very time-consuming, such as Hong Kong Hutchison and Hongkong Land's acquisition, is very fast, the reason is because these two companies are heavily indebted, to the limit of bankruptcy, if there is no acquirer to intervene, the biggest possibility is bankruptcy, so shareholders can not wait, there is a suitable condition is enough, and other general mergers and acquisitions, normal in years, especially Standard Chartered or the banking industry, and involving so many countries, there are all kinds of legal issues, I don't know how long it will take.
"It is estimated that the senior management of Standard Chartered is thinking of resolving the acquisition of Rice Bank within two years, and then finding a way to buy back the shares in the hands of those of us who helped him, so as to avoid being left behind by you." Bao Yugang said with a smile: "But this difficulty, I'm afraid it's very big, and I'm being targeted by two giants at the same time, I don't know if this Standard Chartered is lucky or bad." β
"For the shareholders of Standard Chartered, it is naturally a good thing, but now Standard Chartered still has the final say in the management, and this kind of old enterprise is not good, and it is very troublesome to acquire." Chen Zhiwen shook his head and said.
Many enterprises in the West, with a history of more than 100 years, have been super dispersed, and even the largest shareholder of 1% can not be found, in this case, it is completely what the management says, and the acquisition of the outside world will seriously affect the interests of the management, even if you want to Chen Zhiwen like this, do not interfere much with the operation of the acquired company, it is also not welcomed, after all, no one wants to have a boss on their head, similar to the Swire Group, BMW Group such a family long-term shareholding control, is still relatively few.
"Maybe it's because of the inheritance, right? How many generations later, I don't know how many great-grandchildren there are, even the Rockefeller of the United States, and today it is not as good as before. Bao Yugang said.
"yes, maybe we'll be the same in a hundred years." Chen Zhiwen said helplessly, having more children and more blessings is the concept of many people, and Westerners are even the same, don't look at many people in developed countries or the mainland in later generations who do not have children, the most fundamental reason is that there is no money, who is rich and who does not want to have three or five! But if you have more money, the family wealth will naturally be shared, even the oil family or the banking family that once monopolized the United States cannot avoid it.
"Forget it, we can't do anything about it." Bao Yugang said again: "In this way, I will be the white warrior of Standard Chartered first, if you can suppress Rice Bank and obtain a large equity, I may be able to help you in turn, if not, then I can only talk about it after two years, but there is another possibility, that is, Standard Chartered launched a repurchase, according to the contract, I can only sell them at a high price." β
"No problem, Standard Chartered shouldn't have that much money, as for Rice Bank, in fact, I have already arranged for someone to communicate with them, and I want to give them some benefits to transfer the shares in their hands to me, so that I can almost start fighting for the right to speak." Chen Zhiwen said: "It's just that they are a little too confident and want to buy the shares in my hands in turn." β
"Then you can only see the real chapter on the battlefield." Bao Yugang said that there is no blood and sweat in the shopping mall, but all kinds of battles are not low at all, and even this loss of money may make countless people rich, or it may make many people bankrupt, when the two giants start a battle, it is an opportunity for countless people.
"Bao Sheng, in this way, Standard Chartered Bank should first conduct a private placement of shares for you, and now although the stock price of Standard Chartered has risen, it will still get higher and higher." Chen Zhiwen said with a smile: "It just so happens that I still need a little time to prepare, and you should complete this private placement as soon as possible, so that the profits will be greater." β
Now the standard chartered shares, it is difficult to buy a large sum, but the private placement of shares, is the listed company itself additional shares, belongs to the excess out of thin air, this is the privilege of having the function of management, under this privilege, if the major shareholders who control the management of additional capital, or find the white knight to increase the capital, then the difficulty of the success of the acquirer will rise exponentially, in the history of human business, but where the hostile takeover is successful, basically the acquired company, there is a big problem, resulting in insufficient funds.
Once he falls into a tug-of-war with Rice Bank and even Standard Chartered itself, the stock price will inevitably skyrocket, and if Bao Yugang does not make this money, other shareholders will also make it.
"Okay, this time I'm going to borrow Chen Sheng's light." Bao Yugang naturally understood the meaning, in fact, if it weren't for Standard Chartered Bank, there was really no way to find other people, and it is estimated that they would not be looking for these Chinese, after all, if they don't look for it, they will inevitably be acquired by Rice Bank, and if they are found, although Chen Zhiwen may be behind it, at least there is still a glimmer of life.
"In fact, the best way is to let go of Rice Bank, and I get their shares, which is much simpler." Chen Zhiwen also said that since Rice Bank initiated the acquisition, it already has a lot of shares in its hands, plus Chen Zhiwen's, it is estimated that there is 1/3, so many shares in hand, you can forcibly convene a general meeting of shareholders to drive out the management, but this kind of thing, it is still not necessarily possible to succeed immediately, after all, it takes 66.7% to take effect, but with a veto, then even if you have the chance to win, you can finally succeed by slowly grinding it over time.
"I hope so, if this is the case, I will not sell the shares in my hands, Chen Sheng can consider giving me a country's banking business, I also want to experience what it is like to be a banker." Bao Yugang laughed.
"Okay, no problem." Chen Zhiwen nodded and said, before Bao Yugang came to Hong Kong to be the king of the ship, he was a bank manager in Shanghai, but unfortunately in that era, the British banks in Hong Kong rejected the Chinese, and finally forced Bao Yugang to go to the sea to run the boat.
"Okay, I'll go first, and I'll inform you if there's anything later." Bao Yugang said.
"Please. I'll send you out. Chen Zhiwen replied politely, and then the two walked out together.
The acquisition of Standard Chartered Bank has no strategy, unlike the previous Hutchison and Land, with various layouts and digging pits.
The current Standard Chartered Bank does not have any major financial problems, and it is still competing with multiple parties, so it is just a matter of reducing ten meetings with strong capital and pushing hard.
In the second week after the outbreak of the Standard Chartered Bank takeover war, Hong Kong Hisense Bank also officially announced the acquisition of Standard Chartered Bank's shares, which immediately caused Standard Chartered's shares in the British market to skyrocket, with a large amount of capital and hot money involved, which made the financial pressure of the first acquirer, Rice Bank, skyrocket, and the acquisition came to a standstill.
A month later, an envoy from Rice Bank came to Hong Kong. (End of chapter)