Traversing the courtyard

Chapter 568 HSBC's Making things difficult

Wen Xiuyun said embarrassingly: "I just haven't had my period yet, so I'm not sure if I'm pregnant yet."

Holding Wen Xiuyun on his lap, Wei Dong used his mental energy to scan it, touched his belly and said, "I knew I was pregnant as soon as I touched it, so I won't be able to get injections from today on."

"Really? But I haven't told my family yet." Wen Xiuyun said happily and worriedly.

Wen Xiuyun used to be Yan Jiedi's personal bodyguard. This bodyguard did a good job and put the boss to sleep. She dragged on without daring to say anything. She is pregnant with a baby. If you don't talk about it, don't tell me when your stomach is bulging. .

Wei Dong thought for a while and said, "Why don't we have a meal together, and I want to thank my father-in-law?"

"No, I'm afraid you guys will fight, so I'll talk to Mommy myself." Wen Xiuyun hurriedly stopped Weidong's arrangement, and he and Weidong had no name or distinction. Daddy would definitely not want it. I told my mommy first.

"Okay, then tell yourself."

After confirming that Wen Xiuyun was pregnant, Wei Dong worked harder on Qin Xiayue and Yan Jiedi's belly, hoping to have a baby as soon as possible.

The next day, Weidong arranged for people to deal with the affairs of Hutchison Co., Ltd., and it was a headache to know everything. He didn't expect Flower to come directly to the door.

After sitting down and drinking tea, Wei Dong asked, "What's the matter?"

"That's right, Mr. Yi, I'm here to collect money on behalf of HSBC."

"A reminder? What kind of payment? We didn't borrow money from HSBC?" Wei Dong was said to be confused. Ever since he owned Autumn Rain Bank, his current bank was his own Autumn Rain Bank, and he never borrowed money from HSBC again. payment.

Flower said: "This is not the latest time that banks are tightening their loans. People in the business department say that Hutchison has been on the verge of bankruptcy. In order to avoid losses, I hope that Hutchison can repay the previous loan in our bank in advance."

Only then did Wei Dong know that Flower came to remind Hutchison for a loan, and he was surprised: "Are you kidding? The loan is not yet due, why should I repay the loan in advance?"

The most recent loan from Hutchison to HSBC is due next year. There is another one in 77 and one in 78. The total amount is more than 8 million. Now Hutchison only has a few thousand in its account. How can there be money? pay off.

Besides, the loan has an agreed repayment period, why did Weidong replace the loan in advance before the time came?

Isn't this putting a burden on yourself?
Weidong was about to bring tea to the guests, and Flower hurriedly said: "Mr. Yi, don't worry, listen to me, now HSBC does have a problem with cash flow, and the group of people in the loan department are out of their minds. The three sums of money must be collected in advance."

At the critical moment, the colleagues of the company took the blame and directly pulled the people from the loan department out to take the blame.

Wei Dongdao: "But you also know the company's situation. The 1.75 million cash has already been used to repay the loan, and there are only tens of thousands of cash in the company's account for daily expenses. There is still a lot of severance pay to be paid, and there is no way to repay the loan. .”

"The company has no cash, I know that."

As soon as Flower said that Weidong knew that there was a problem, based on the relationship between HSBC and Hutchison, it should not be repaid early at this time. Although Weidong became the chairman of the board of directors, Qi Dezun He is still the president of Hutchison and is now the second largest shareholder. How could he ignore the decades of friendship with HSBC just because Wei Donghe rejected HSBC's proposal?
Wei Dong smiled and said, "Then you still want me to repay the loan in advance? Tell me, what's your idea?"

Flower said cautiously, "I have an immature method."

"Oh, let's talk about it, how to solve these loans?"

Flower said: "Didn't the company hold the shares of Huangpu Shipyard? I think it's better to transfer the shares of Huangpu Shipyard to us at the current price. We at HSBC can give up the interest on the loan, as long as the principal is offset."

"Use the shares of Huangpu Dockyard to pay off the loan?" Wei Dong asked again.

"Yes, we can still waive the interest."

"It's a pretty good idea. Are you interested in the land reserve of Huangpu Dockyard?"

"No, no, this is not for a loan." Flower denied peeping at the Huangpu land.

Wei Dong smiled and asked: "Then why do you think I should give you the Huangpu Shipyard to repay the loan in advance? Can't I wait until the loan is due to repay it?"

It is difficult for Weidong to take out the 8 million cash in a short time. The extra money in the company's account is used to invest in stocks. The 1.75 million that was taken out before has already drained the account.

Flower said: "Mr. Yi may not have read the loan contract carefully. We at HSBC have a clause to ask for early repayment of the loan, so the grandsons of the loan business department asked for early repayment."

Speaking of taking out a copy of the loan, and pointing out the clause in the by-laws that HSBC has the right to repay the loan in advance, Wei Dong said angrily, "Qi Dezun will sign such a condition?"

"But at that time, the stock market was booming, and Hutchison was expanding ambitiously, so there was no problem with this contract at all." Flower said with a smile.

It can't be what Flower said. Wei Dong called Hutchison's vice chairman Richard Richard, and then confirmed that HSBC did have the right to ask Hutchison to repay the loan in advance.

Wei Dong put down the phone angrily. This HSBC just peeped and couldn't remember. He turned around and stared at Huangpu Dockyard. Hutchison is the largest shareholder of Huangpu Dockyard. If this big industry is lost
Before Weidong still wanted to merge Huangpu Dockyard with Hutchison according to history, and finally formed Hutchison Company, but now HSBC asked to repay the loan in advance, and a new idea popped up in his mind, which is to sell Hahuangpu Dockyard to Qiuyu Group. Wouldn't it be nice to repay the loan with cash?

Huangpu Dockyard has a large amount of land reserves, but it has not been well developed before. Now it is at the trough of the stock market, and the company's market value is obviously lower than the company's actual value.

If it is usually proposed that the Early Rain Group buy the shares of Huangpu Dock held by Hutchison, it will definitely be opposed by the management headed by Li Chaxin. After all, everyone with a discerning eye knows the potential of Huangpu Dock.

Now that there is HSBC as a shield, Weidong can complete this plan.

After figuring out the joints here, Wei Dong said: "Then we recently held a board meeting to discuss the issue of early repayment of the HSBC loan."

It seems to Flower that everything is in line with his expectations at the moment. He has done a survey before, and the Early Rain Group does not have much cash, and the possibility of drawing it out in the short term is very low. This is also the premise of being confident in this plan.

"Then I won't bother Mr. Yi, and hope to hold a board meeting as soon as possible."

"Don't worry, it can be held in two days, and we can discuss the closure of some companies by the way."

"Okay, Mr. Yi, please stay."

After sending Flower out, Wei Dong asked the new secretary Huai Hua to find Ruan Tao to discuss matters. After Ruan Tao came over, Wei Dong explained Flower's intentions.

Ruan Tao was surprised: "Qi Dezun actually signed such a loan contract?"

"It's really something I didn't think of. I have checked with Li Chaxin. The loan with HSBC has a clause that can be repaid in advance."

"HSBC's calculations are quite deep, so what do you want to do?" Ruan Tao asked.

Wei Dong smiled and said, "How could it be calculated by HSBC? We just took this opportunity to buy the Whampoa Dockyard from Hutchison. Now we are looking for you to find a way to raise more than 8 million in cash."

Ruan Tao's eyes lit up, this is really a good way, Weidong can't just use the money to repay the loan, if the money is counted as shares, it won't work, and the shares he holds are more than half.

"This is indeed a good idea. I didn't expect that we would sell the Swire Ship to Huangpu, which in turn bought the Huangpu Dockyard."

Wei Dongdao: "I still need to continue to raise money. I plan to privatize the Huangpu Dockyard and take full control of it. The land can be developed later."

It’s still too early for development now. Although it looks very prosperous, the real estate is not the peak season in Xiangjiang. This kind of high-quality land should be delayed before real estate development. Besides, there is not enough cash in a short period of time. We should wait until we have money in the future. Completed office building for lease.

"That's good, anyway, now that we don't have enough cash, we can only take loans, so we will postpone the investment in new projects."

The two discussed for a long time to arrange the recent work, and the new Hutchison Board of Directors was held on the third day.

Weidong first asked the directors to review and approve the list of companies that the company wanted to shut down for resale, and then he talked about HSBC asking the company to repay the loan in advance.

Weidong had already negotiated with the management before, and introduced the current difficulties facing the company, saying: "This is the situation now, this loan totaling up to 8.67 million Hong Kong dollars needs to be repaid in advance, so I propose"

Wei Dong cast a glance at Flower, who was very proud, and then said with a smile: "We sold the shares in Huangpu Dockyard, and then used cash to repay the HSBC loan."

Flower was dumbfounded, why is it different from what he said before?He asked anxiously: "Mr. Yi, didn't you just use the shares of Huangpu Dockyard to repay the loan? Why do you want to sell the Huangpu Dockyard now and use cash to repay the loan?"

Wei Dong asked back: "Didn't you say that HSBC is short of cash, I sold Whampoa and exchanged it for cash, so don't I need HSBC to bother again?"

The excuse Flower used was that HSBC was short of cash and needed Hutchison to repay the loan in advance, so Weidong sold Whampoa. The management also understood Weidong's approach. There is no other way, no matter how good Whampoa is, it cannot prevent HSBC from stabbing in the back.

Flower didn't know what to say for a while, so he thought for a while and asked, "Who are you going to sell Huangpu to?"

Wei Dongdao: "Our choice is only to vote whether to sell Huangpu and pay back the money. As for who to sell to, it is a matter for discussion between me, the chairman and the president, and I don't need to explain to you."

"You" Flower was speechless in anger.

Soon it was time to vote by show of hands. Everyone except Flower voted in favor, and only Flower seemed to have not seen it.

"The proposal to sell the Whampoa Dockyard is approved, and the meeting is adjourned."

The Huangpu Dockyard, which has been held for many years, was changed hands by Hutchison because of HSBC's dunning of debts, which caused an uproar in the Xiangjiang business district. I didn't expect HSBC to come to Yinheji International in this way. There were many discussions outside. After signing the shareholding change, Huangpu Shipyard directly became the holding company of Autumn Rain Group.

Weidong repaid the HSBC loan with cash from the company's account. Of course, the current interest still needs to be paid for repaying the debt in cash, so there is no interest-free discount.

When going through the formalities, Shen Porridge and Flower's expressions were ugly, and they said, "Mr. Yi, I didn't know about this before, and I didn't expect that the people in the loan business department below would do this. We, HSBC."

"It goes without saying that you are being polite. I understand HSBC's difficulties, and I hope your bank understands our Hutchison International's difficulties." Wei Dong said expressionlessly.

Shen Congee asked puzzledly: "Mr. Yi, what do you mean?"

Wei Dongdao: "It doesn't mean much, I just want to tell you in advance that I plan to change the company's account from HSBC Bank to Early Rain Bank."

If HSBC did not intervene, Weidong would not be able to find an excuse to change the company's only account to Qiuyu Bank. Now Weidong just took this opportunity to change the bank to his home. What a perfect excuse.

This is not only the account of Hutchison, but all the related companies under it will be transferred together. All the business transactions of the huge foreign firm behind are also firstly operated through the Early Rain Bank. It looks inconspicuous, but it has been down for many years. The benefits are many.

Shen Conge was stunned for a moment, and said urgently: "Mr. Yi, is there some misunderstanding? HSBC is one of the shareholders of Hutchison, and Mr. Qi Dezun and I have been good friends for many years. How can you remove the main account? "

Wei Dong smiled and said, "You can all ask to repay the loan in advance, why can't I change banks?"

The repayment procedures have been completed, and Weidong just informed him that he had disagreements with HSBC many times, and this was just one of them.

Back at the company, Huaihua sent a report and said, "Uncle Weidong, this is the statistics issued by our company on the shares held by Huangpu Dock Company."

"Leave it alone, by the way, are you still used to what the secretary does?"

"Not bad, sister Mi Xiaozhou took good care of me."

"Well, let's go home and have dinner together tonight."

"Okay." Sophora japonica went out bouncing around.

Weidong looked at the report and bought 34.2% of the equity of Huangpu Dock from Hutchison. Weidong originally bought a part of it, and the two together already held 51.2% of the equity. The Xiangjiang Company Law stipulates that major shareholders cannot Holding more than 50% of the shares, if it exceeds, the company will be fully acquired, so the general major shareholder only holds 49% of the shares, just like the Swire family controls Swire & Co., on the surface it is 49% of the shares, Weidong thought There is no way to buy it, it is an impossible task.

Weidong approached A Zhen and said, "We now hold 51.2% of the equity of Huangpu Dockyard. You go and make an announcement that we will fully privatize Huangpu Dockyard Company."

"We have so many shares?" Jane asked.

Wei Dong smiled and said: "I was stuck in the acquisition, and now it has more than 50% of the equity, so it should be privatized."

(End of this chapter)