Reborn Tycoon Rise

After Bao Fuda left, Shen Bi was a little curious and asked, "Xu Sheng, what kind of business do you know?"

Xu Zhidao: "Mr. Shen Bi, I know that HSBC has a large number of non-bank assets, and I want to acquire one of these companies!"

Shen Bi smiled and said: "Which company?"

In Hong Kong, the banking law stipulates that commercial banks are not allowed to hold shares of non-banking companies for a long time, because this can easily breed insider trading, and banks may illegally provide low-interest loans to companies in which they hold shares.

However, since they are engaged in banking business, many companies mortgage their company assets or stocks to banks. If their operations fail and they are unable to repay their debts, then these assets or stocks will naturally be in the hands of the bank.

Under normal circumstances, they will be sold directly to cash out the debt. However, in some cases, if the auction is not cost-effective, the bank can also hold it for a short period of time at its discretion, hire an outside professional manager, and then sell it after the debtor company is revived.

As the largest bank in Hong Kong, HSBC naturally encounters this kind of thing a lot. Over the years, it has owned many company stocks.

Xu Zhi said: "Hutchison Whampoa!"

"Hutchison Whampoa." Shen Bi was also a little surprised and said, "I didn't expect Xu Sheng to have such great ambitions at such a young age."

Xu Zhi smiled and said: "Ambition has nothing to do with age, only strength."

Shen Bi shook his head and said: "If it is other companies, we can discuss it, but not Hutchison Whampoa."

Xu Zhi asked: "Why? As far as I know, Hutchison Whampoa has now turned a profit. According to the banking law, it is time for HSBC to take action."

"Xu Sheng has done a lot of homework." Shen Bi said calmly: "It's not that HSBC won't sell Hutchison, but Xu Sheng, you don't meet the conditions. Although Xu Sheng's current achievements are very high, he has not managed a large-scale enterprise before. The company’s experience, so I can’t agree.”

Xu Zhidao: "Mr. Shen Bi, I really have no experience in managing such a large company, but even Midea now is actually managed by professional talents. Even if I acquire Hutchison Whampoa, I can still hire professional people, just like with Hutchison Whampoa." HSBC is the same as it was four years ago, so I don’t think this is a problem.”

Shen Bi smiled and said: "Yes, it can be like this, but Hutchison Whampoa is the largest enterprise in Hong Kong and involves the work of tens of thousands of people. We have to be cautious. Although Xu Sheng may be able to run better, there is a possibility of failure. There is also sex, the risk is too great, and when Xu Sheng acquired Jingzhou Yingni before, he did not work hard to run it, but packaged and sold the company separately. I don’t want Hutchison to have the same fate.”

Xu Zhi shook his head and said: "This is different. Jingzhou Yingni is just a small company, but Hutchison Whampoa is different. If our company can buy the shares held by HSBC, we will never split up the company at will."

"Xu Sheng, it's better to find another company. If HSBC is not satisfied with what it has, it can also try to acquire other companies. In this regard, Duoli can help. You have cooperated before." Shen Bi has directly refused.

Xu Zhi said bluntly: "I heard that Mr. Shen Bi once said: A bank is not a charity group, a political institution, or a British club. A bank is a bank, and the purpose of a bank is to make profits."

Shen Bi smiled and said, "Yes, it's not just banks. This sentence can be applied to any company."

Xu Zhidao: "If that's the case, isn't it a bit too irresponsible for Mr. Shen Bi to directly reject a business worth hundreds of millions of Hong Kong dollars? After all, we don't even know our quotation now. Isn't it too early to reject it directly? "

Shen Bi said: "This is not a matter of price. We at HSBC hold 22.65% of Hutchison Whampoa's ordinary shares and 10% of its preferred shares. The part to be sold is the ordinary shares, and HSBC intends to hold the remaining preferred shares for a long time. , if the person who takes over the stock does not have the ability to control Hutchison Whampoa, then HSBC will suffer as a result."

"I see!" Xu Zhi said, "But that's not a problem. I can acquire them all together with the preferred shares held by HSBC!"

Shen Bi raised his eyebrows and said with some surprise: "Preferred shares do not have any voting rights, and Xu Sheng is willing to acquire them at a high price?"

Xu Zhi nodded: "Yes, as long as HSBC is willing to sell, I can take it all and acquire it at a 50% premium based on the current stock market price."

"50%?" Shen Bi calculated silently in his mind and said, "This is not a small amount of money."

Xu Zhi said with a smile: "Mr. Shen Bi should know what I am doing in the United States. I think Mr. Shen Bi knows very well whether I can get this money out!"

Shen Bi took a sip of red wine and said: "Although Xu Sheng has the financial strength, I still can't agree to this matter. For us at HSBC, this is not just a matter of profitability. I'm sorry, but I can't help you with this matter." ."

"What a pity!" Xu Zhi didn't force it. Normal business acquisitions would not directly agree or refuse, but should be contacted multiple times and negotiated at all levels to finally produce a result.

Shen Bi refused to even negotiate, which was obviously the same as history. The negotiations between Li Jiacheng and HSBC had probably been going on for a long time. Shen Bi was obviously willing to sell Hutchison to Li Jiacheng, not Xu Zhi, who showed up halfway.

There were many reasons for the sale of Hutchison Whampoa to Li Jiacheng. First of all, Hutchison's current head, Wei Li, was actually a professional manager hired by HSBC. However, as Hutchison's finances improved, Wei Li became arrogant and arrogant, trying to dilute the Hutchison shares held by HSBC, so if Shen Bi is annoyed, he needs to sell the Hutchison shares to a person with stronger management capabilities and let him deal with Wei Li. At the same time, Hutchison must also run better so that he can Showing the accuracy of his Shen Bi selling Hutchison policy.

This is also the difference between professional managers and bosses. Bosses care about real interests, while managers care more about themselves.

Li Jiacheng started from scratch and has cooperated with many British giants and HSBC Bank many times. After the Wharf incident, Bao Yugang came forward to plan Hutchison Whampoa stocks for him. After Shen Bi learned about it and conducted an investigation, he decided to sell Hutchison Whampoa to Therefore, HSBC's negotiation with Li Jiacheng was only about price and future development plans, not whether to sell.

What's more important is that Li Jiacheng is very good at taking advantage of the situation, and he also serves as the executive director of China Trust Group.

In HSBC's Shen Bi's view, the mainland has reformed and opened up, and its relations with the United States and other Western countries are increasingly building. With some inside information, he knows that it is inevitable for the mainland to take back Hong Kong. In order for HSBC to successfully survive the 1997 handover, he has shown goodwill to the mainland. It is inevitable, and Li Jiacheng was selected as the spokesperson, so everything is not just economics, but politics!

Shen Bi added: "Xu Sheng, in addition to Hutchison Whampoa, we have many high-quality assets under HSBC. Tomorrow I will arrange for someone to send this information to your company. If you are interested in any company, we can cooperate again! "

"Okay, thank you!" Xu Zhi smiled. HSBC did have a lot of assets, but except for Hutchison Whampoa and Hang Seng Bank, the others were not large in scale, so he had no interest at all.

…

After the banquet, Xu Zhi informed Wang Liming of his conversation with Shen Bi.

Wang Liming said: "Then we should follow the plan and increase the acquisition of Hutchison Whampoa?"

Xu Zhidao: "Yes, but we still have to control the amplitude. The acquisition speed is faster than before, but it's best not to attract attention. Are you sure about this kind of operation?"

Wang Liming nodded and said: "Okay, in a few months, I will secretly contact the financial media and vigorously publicize all kinds of bad news about Hutchison Whampoa. Our actions will not always be just acquisitions. We will cooperate with the media when appropriate." , selling some stocks to suppress the stock price.”

Xu Zhi said: "Okay, try to receive the 20% share as soon as possible."

Wang Liming hesitated for a while and then asked: "Xu Sheng, HSBC holds Hutchison Whampoa. It's very difficult for us to acquire enough stocks to gain control of the company!"

Xu Zhi smiled and said, "I have my own thoughts on this matter. Just do it as I ask. Have the funds from the United States arrived?"

Wang Liming nodded and said: "Here we are, Columbia Pictures has remitted the US$60 million share of the North American box office to our American company's account. The tax will not be submitted until next year. Now I have mobilized US$50 million to come to Hong Kong."

Xu Zhi nodded: "You and He Guoyuan will discuss it and transfer some funds from Midea. In addition to acquiring Hutchison Whampoa, I also need 1 US dollar in cash before August."

"USD 100 million?" Wang Liming asked, "Do you want to acquire another company?"

Xu Zhi smiled and said: "No, you don't have to worry about it now, you will know when the time comes!"