The rise of Hong Kong's wealthy families
Chapter 125 Guang Sang Bank
Takeover battles are an important part of the job, not the whole story.
The properties owned by Huamei Real Estate Company started to be sold, and the funds began to be withdrawn. The first sales were in the Fubolin area, which could bring back about 130 million yuan, with a profit of about 50 million yuan.
Seeing the projects where funds were gradually withdrawn, He Jiahao was relieved. The pressure on funds was very high. Not only did he need to pay high interest rates, but he also had to maintain a large amount of capital investment.
Li Ka-shing has acquired 10% of the shares of Kwong Sang Bank, plus the 36% held by the Fung family, which is 13% higher than the shares held by Ho Ka-Hao. He can completely control the board of directors of Kwong Sang Bank and suppress any of Ho Ka-Hao's interests. action.
Kwong Sang Hong International Limited Headquarters
A board meeting was being held in Conference Room 1, and He Jiahao naturally participated. He wanted to see what tricks Li Jiacheng wanted to play.
"Dear directors, last year's profit of Kwong Sang Hong was 230 million, of which the sales of Kwong Sang Hong Building accounted for a large share. Kwong Sang Hong's products are now very popular in the market, so I propose that all this profit be invested in There are three aspects: market expansion, production line increase and new product development." Feng Bao, who was sitting in the front seat, said calmly.
Obviously, this is a measure aimed at He Jiahao, which caused He Jiahao to suffer from a shortage of funds.
Unfortunately, the 60 to 70 million won't be of much help to He Jiahao now, it can only provide some relief.
"I agree with Chairman Feng's suggestion. The company's interests belong to the shareholders. Now occupying the market is more conducive to the company's development." Li Jiacheng said with a serious look next to him.
"I object." He Jiahao retorted expressionlessly, "Since the management rights of the company have been given to Feng Sheng, the profits should go to shareholders. Now that there is no return on our investment, why should we continue to invest?"
"He Sheng, it's not that there is no reward, it's just that if it's a little later, there will be a bigger reward in the future." Li Jiacheng explained.
"Oh, does Li Sheng want to ensure that Guangsheng Bank will make greater profits in the future?" He Jiahao asked with a sneer.
If not, I will look for you Li Jiacheng, okay?
"He Sheng, you are talking angrily. I am just a director. How can I guarantee these things?" Naturally, Li Jiacheng did not dare to accept the offer and spread the word. He did not say that you, Li Jiacheng, are a fool for actually daring to guarantee this. Plant something.
"What about Feng Sheng, who has the management rights of the company? Can you guarantee it?" He Jiahao continued, "I like money and the money I get, not what others call promises. If Feng Sheng agrees to sign a guarantee agreement, I will definitely support Feng Sheng’s suggestion with both hands.”
When Feng Bao heard this, he couldn't help but frowned. It's not true if he agrees, and it's not true if he doesn't agree. It's a bit difficult to get off the hook.
"In this case, let's vote to decide." Li Jiacheng suggested with a smile.
One of them owns 46% of the shares, and some are still in the hands of retail investors, so they seem to be in control.
In the end, it was decided not to pay dividends.
After the meeting, He Jiahao sneered at Li Jiacheng and said, "Li Sheng is so good at what he does. I really admire him."
"He Sheng, I am a shareholder, so I naturally have to consider the development of the company. Please forgive me." Li Jiacheng suddenly made He Jiahao an unreasonable and troublesome character.
"I will slowly learn from Li Sheng's 'kindness' in the future." He Jiahao glanced at Li Jiacheng meaningfully, turned around and left with Qin Haiming and others.
"Boss, these people are quite disgusting." Qin Haiming said sarcastically. He didn't have a good impression of Li Jiacheng either.
"It's disgusting, but it's normal. It's one of the business methods. However, he has to pay the price for what happened today." He Jiahao said with a smile, "From now on, I can snipe him openly, specifically snipe him, and watch him Can you bear it?"
Since everyone knows that you, Li Jiacheng, are doing this, they won't blame He Jiahao for treating you in the same way. Reciprocity is normal.
Qin Haiming suddenly felt that Li Jiacheng would have a hard time in the future, and people who had offended big bosses usually had no good ending.
Although Li Jiacheng succeeded in achieving his goal, he was still a little worried. He Jiahao was an energetic young man. If he went out of his way to cause trouble, I am afraid that he would also suffer a loss of eight hundred, which would be very detrimental to future strategies.
So at this time, he also felt a little regretful. After all, everything he had was achieved after more than twenty years of hard work. Now that he is fifty years old, it is unlikely that he can start over.
He Jiahao is different. He is only 21 years old. If he fails, he can start over.
"We can't do this anymore. It makes him lose his mind and is very detrimental to everyone." Li Jiacheng looked at He Jiahao's back and sighed silently.
There was also news about He Jiahao's request to Gauss, which made He Jiahao very happy, and the capital in his hands could be increased.
In the small conference room of Wan Guo Baotong Bank, Gauss and He Jiahao sat across from each other.
"Mr. He, according to our investigation in the United States, HSBC does have the intention to acquire a bank called SITC, with a market value of about US$500 million." Goss said, handing He Jiahao a document.
He Jiahao carefully flipped through the documents. SITC Bank is the sixth largest bank and the largest retail lending bank in New York State. It ranks among the top 100 banks in the United States. Due to the oil crisis and economic recession in 1974, the bank suffered large-scale bad debts. , thus falling into trouble, and now it is still in a state of survival.
"Gauss, is this bank important to HSBC?" He Jiahao asked.
Goss shook his head, "This is an internal matter of HSBC. We cannot investigate it, but I heard from the top management of SITC that HSBC is bound to win over SITC."
He Jiahao smiled and said, "Can Wanguo Baotong Bank provide me with a loan for this acquisition?"
"There is no problem with this. It's just that according to U.S. law, we need to find a securities company to take charge of this case." Goss said.
"No problem, your bank will arrange it. I have only one request, that the acquisition should be completed as soon as possible."
"Okay, I'll try my best."
Now that we have found the handle of HSBC, the negotiations will be even more favorable.
In the next few days, the stock market surged. The share price of Hepu International has exceeded 25 yuan, and the market value has reached 10 billion. This is an inflated figure of almost 4 billion, which shocked some people.
So Shen Bi of HSBC finally couldn't sit still and could only ask He Jiahao to meet and talk.
He Jiahaoye does not intend to continue to stimulate the stock price. It is certainly not worth buying a Hepu International Company for 5 billion, especially around the 1980s.
Because the opportunity for rise is too great, this large amount of money has a huge impact.
Li Jiacheng's business has stopped, after all, no one can hold it back.
He Jiahao already holds 26.1% of the shares of Hepu International Company, becoming the largest private shareholder of Hepu International Company. He has more common shares than HSBC, but HSBC holds a large number of preferred shares, which still have voting rights. .
On the board of directors, He Jiahao is still at a disadvantage.
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