Reborn as a tycoon in Hong Kong

Peninsula Hotel.

Shen Zou, Shi Yadi Shihuai Ya, Henry Kasik, and Michael Kadoorie gathered together again for tea.

Shen Chow said to the three of them: "Someone from Malayan Finance, the parent organization of Yuming Finance, is here. Everyone must know about this."

"It's such a big deal, it's hard not to know about it," Michael Kadoorie said.

Siadi Shuaiya and Henry Kesak nodded in agreement. They were not blind. Whether it was Malayan Finance reporting the crime or protesting through the media, they all saw it.

Shen Zong said: "Just in the morning, Sir Mai invited me to the Hong Kong government for a chat, and mentioned the international impact of this matter, so that we must deal with it well."

"Handling it?"

Henry Kaiser couldn't help but frown: "How to handle this matter well? It's a loan of 3 billion Hong Kong dollars. Speaking of which, Chen Songqing is also capable. He actually allowed Jiali Group to get a loan of 3 billion Hong Kong dollars from Yuming Finance. If he had known it earlier, It was so easy, I even asked Jardine Matheson to get a loan." I think back then, if Jardine Matheson had an extra HK$3 billion in funds, it could have increased its stake in Hutchison Whampoa, and Hutchison Whampoa would not have been acquired by Lin Baicheng. went.

Shi Yadi Shihuaiya continued: "I also admire Chen Songqing now. He has such great ability and courage. The market value of Jia Ning Group is less than 3 billion Hong Kong dollars, but he has loaned so much money. He is They deceived us people badly enough." If they had known the true situation of Jianing Group at the beginning, they would not have dared to invest in Jianing Group even if they were killed.

"Let's talk about how to deal with this matter."

Shen Porridge didn't want to mention Chen Songqing too much. After all, he had a big problem with Chen Songqing. He interrupted and said: "As you said, that is a loan of 3 billion Hong Kong dollars. If it is all counted to Jiale Real Estate, then Our reorganization would be meaningless."

"It definitely cannot be counted as Jiale Real Estate."

Henry Caesar immediately said: "After Jiale Real Estate has been reorganized, our losses are still huge, and we don't know how many years it will take to recover the capital. If we are burdened with another 3 billion Hong Kong dollars in loans, Jiale Real Estate will be ruined." , the interest alone cannot be paid every year.”

Yuming Finance's HKD 3 billion loan, plus HSBC's HKD 750 million, total HKD 3.75 billion. Even if the annual interest is only 8%, it will still cost HKD 300 million.

With the scale of Jiale Real Estate, it is not easy to make a profit of 300 million Hong Kong dollars every year, let alone spend so much money to repay loan interest every year. And if a company can't even repay the loan interest every year, what future does it have? Bankruptcy is inevitable sooner or later.

If Jiale Real Estate goes bankrupt, the shares in their hands will become worthless, and it will be meaningless for them to reorganize Jiale Real Estate and become independent.

"But the problem now is that we can't do whatever we want."

Shen Cong sighed: "Although Sir Mai did not say it directly, he hinted to me that once this matter is not handled well, the Hong Kong government will re-examine the listing of Jiale Real Estate. The listing of Jiale Real Estate is originally We used our connections to force the listing, but once the Hong Kong government takes it seriously, Jiale Real Estate will definitely not be able to go public, and we really don’t know how long it will take to get back to our original plans.”

The stock market is an amplifier. Even if the reorganized Jiale Real Estate's annual profit is only 20 to 30 million Hong Kong dollars, under their hype, the market value can become 7.8 billion Hong Kong dollars or even higher.

But if the company cannot be listed, with a market value of 20 to 30 million Hong Kong dollars per year, it may take ten years for the company to grow to an asset size of 7.8 billion Hong Kong dollars, which is too long.

"Even if it doesn't go public, it's still better than accepting the HK$3 billion in debt from Yu Ming Financial."

If the company is not listed, it will just be a slow return on capital. At least it will still have some assets. But if it takes over 3 billion Hong Kong dollars in debt, Jiale Real Estate will go bankrupt in a few years, and then even listing will be meaningless.

No one is a fool. Jiale Real Estate is carrying a loan of 3.75 billion Hong Kong dollars. The company is listed under such circumstances. Only fools buy the company's shares. It is entirely possible that it will become a penny stock with less than one Hong Kong dollar. Even if they want to run away Can't run away either.

"It's certainly not okay to accept the debt outright."

Shen Porridge said his thoughts: "This is what I think. Let's discuss with the people from Malayan Finance to see if we can give up some shares and let them accept the facts. We should still put the debt on Jianing Group and let them accept the fact. Jiale Properties went into the market lightly and continued to be listed. I think as long as Malayan Finance does not want to lose everything, then they can only agree to our conditions.”

"Then how many shares should be given up? How much should each of us give out?"

Henry Caesar asked aloud, this is related to the interests of each of the four companies, and he knows that no one is willing to voluntarily give up their shares.

Shen Cong said: "We can slowly discuss the specific number of shares to be given up, but we can decide who will give up first. I think it should be divided equally among the four companies, so that it is fair to everyone."

"That's not fair."

Michael Kadoorie immediately retorted: "HSBC holds the largest share of Jiale Real Estate. If everyone shares it equally, then HSBC will benefit."

After hearing this, Shen Zhou said: "But by the same token, HSBC is the strongest, and it also contributed the most to the restructuring of Jiale Real Estate."

"Just follow what the big class said, let's share it equally."

Shi Yadi Shihuai supported Shen Chow this time. Although the Swire Group held fewer shares than HSBC, it was still not much less. Even if HSBC was allowed to contribute more, the Swire Group would not get much share. There was no need to argue with Shen Chow because of this. It's unpleasant, but the two sides will continue to cooperate in the future, and they need to take a longer-term view.

"Since Chairman Schweizer agrees to share it equally, let's share it equally."

Henry Kesak glanced at Shi Yadi Shihuaiya with some surprise, but he didn't object. After all, the interests were not big.

"Okay, then I agree."

Seeing that both of them agreed, three to one, Michael Kadoorie had no choice but to compromise.

"Then, should the 20% shares of retail investors and small shareholders also be shared equally?"

"What do you think?"

Shen Porridge asked the three people for their opinions.

Shi Yadi Shihuaiya thought for a while and said: "They are not satisfied with the current share ratio anyway, and it is not that bad, so let's just share it equally."

"It's called having too many lice but not itching."

Henry Kessar echoed.

After hearing what the two said, Shen Chow immediately said: "Then all shareholders will share equally and give up part of the shares to Malayan Finance."

Shi Yadi Shihuaiya said: "Then let's discuss how many shares we want to give away now."

Shen Chou said: "First of all, the shares we want to sell must not be less than 10%. If it is less than this number, I think there is no need to talk. Malayan Finance will definitely not agree."

"Definitely."

Henry Caesar nodded in agreement. Thinking from his perspective, he would not agree.

Shi Yadi Shihuaiya said: "We must set a ceiling, which cannot be higher than a certain ratio. If we give up too many shares, our losses will be too great. The restructuring is completely good for Malayan Finance."

"Chairman Schweizer is right." Michael Kadoorie nodded in agreement.

Shen Chow said: "Not counting the 20% shares of small shareholders and retail investors, of the remaining 80%, HSBC holds 35%, and each of you holds 15%, so Malayan Finance can get The shares must not exceed the shares held by HSBC. Counting the shares that need to be deducted for equalization, Maybank can only get up to 25% of the shares, and no more."

"Is 25% of the shares too much?"

Henry Caesar made a silent calculation in his mind: "In this case, we will only have 11.25% of the shares left, which is less than half of Malayan Finance."

"I also think it's too much. Let's give up 20% at most."

Shi Yadi Shihuai Ya said that if Yuming Finance, a subsidiary of Malayan Finance, had not loaned HK$3 billion to the Carnegie Group, this number would have been too great. It would have been impossible to impress the other party without offering a few more shares. He would not even have wanted 20%. Yes, you are cutting their flesh after all.

"20%."

Michael Kadoorie then said, of course he hopes to give up as few shares as possible.

"Then let's set it at 20% for now."

Shen Cong said to the three of them: "I will talk to people from Malayan Finance tomorrow. I hope we can reach an agreement with them and let Jiale Real Estate be listed as soon as possible. If Jiale Real Estate does not go public for one day, our restructuring will be meaningless. We The shares in your hands will not be worth much. The three of you must understand that the listing of Jiale Real Estate is the most important, and sometimes you have to give up some benefits."

Shi Yadi Shihuaiya nodded: "Taipan, we understand what you mean, you should talk to the people from Malayan Finance first."

"After the discussion, no matter how it goes, I will contact the three of you."

Shen Porridge said to the three of them that they were grasshoppers on a rope, and he would not leave the three of them alone.

The three of them had no objections to this.

The next morning, Shen Zhou made an appointment to meet with Nuoding from Malayan Finance.

Because the restructuring of HSBC and others damaged Yuming's financial interests, the relationship between the two parties was not good, so the two parties were not polite after meeting and went straight to the topic.

Shen Cong said: "Mr. Nordin, we all know now that Jiali Group is burdened with a total of more than 4 billion loans and it is absolutely impossible to survive, so we must find another way out."

"So you reorganized Jiale Real Estate and placed all the good assets of Jianing Group into Jiale Real Estate?"

Nuo Ding looked sarcastic, Shen Zhou and others made a good calculation, and the interests of Yuming Finance and other small shareholders were directly ignored.

Shen Chou said directly: "Mr. Nordin, we are willing to transfer part of Jiale Real Estate's shares to Yuming Finance. In return, Yuming Finance's loan will be on Jianing Group and has nothing to do with Jiale Real Estate."

"How many shares are you willing to give?"

Nordin asked, without directly refusing.

"10% shares."

Shen Zhou was overjoyed and did not refuse directly, which meant that there was talk.

"Only 10%? It's too low. It's absolutely impossible for us to agree to it."

Nordin immediately changed his face after hearing this: "Yu Ming Finance gave Jiani Group a loan of 3 billion Hong Kong dollars, but now it can only get 10% of the shares plus real estate. The value of this part of the shares is probably less than 100 million Hong Kong dollars. "

Shen Cong said: "Mr. Nordin, if you know anything about it, you should know that we originally bought 25.62% of the shares of Jiani Group from Hutchison Whampoa for HK$692 million, and we also suffered heavy losses. Now Jiani In this situation of Ning Group, everyone must be mentally prepared to lose money. If Mr. Nordin still wants to get back all the loans, then I can only say that everything is possible in dreams."

"10% of Jiale Real Estate's shares is too low, we need 30%."

Nuo Ding also knew that Shen Zhou was right. What he had to do now was to reduce Yuming's financial losses. It was better to recover a little bit than to get nothing back at all.

Shen Porridge shook his head: "Mr. Nordin, 30% is absolutely impossible. We can make a concession and give you 15% of the shares. This is already our bottom line."

Nordin said: "Taipan, actually I can't make the decision on your proposal just now. I still need to reply to the country. The shares you gave are too few, and the country will definitely not agree. As long as you get more Only by holding shares can I convince the country.”

"But the 15% we gave is already a lot."

Shen Porridge took a deep look at Nuoding, and did not increase the share ratio, but said: "In this case, Mr. Nuoding, you should first seek the opinions of Malaya. If they don't agree, then forget it. At best, Jiale Real Estate will not go public, but its restructuring will not change anything."

Nording's expression changed when he heard this: "Taipan, if you do this, you are obviously infringing on our international funds. Aren't you worried about affecting the positioning of Xiangjiang as an international city?"

"How can we care so much now? For us, the most important thing now is to make up for the losses suffered by Jiani Group."

Shen Porridge shook his head and sighed. If this matter caused a bad international impact, it would definitely not be good for them, but he was negotiating with Nordin now, and he must not have any concerns about letting Nordin see that something was wrong.

"I will have a good talk with the domestic side, and I also ask you, Taipan, to think about it carefully and show some sincerity. This will be good for everyone."

Noting said no more, and decided to ask for instructions from home first, and then come to talk to Shen Porridge and the others.

"Then I'll wait for the good news from Mr. Nordin."

Shen Zhou knew that he could only talk about this for the time being. As expected, the listing of Jiale Real Estate would be postponed until an agreement was reached with Malayan Finance, or the negotiations between the two parties collapsed, and Jiale Real Estate would not be able to be listed in a short time.

Both parties left separately.

After Nordin returned, he contacted Malaya.

After Shen Chou returned, he contacted Henry Kasik and the other three to inform them of the results of the negotiations with Nordin and to prepare them to give up at least 20% of their shares. As for whether it will be more than 20%, it depends on the determination of Malayan Financial. If the other party has a tough attitude, then they can only continue to give up some benefits.

In any case, whether Jiale Real Estate can be listed is the most important.