Start from 1980

Chapter 777
Facing these two waves of attacks from HSBC, Su Chen had to deal with them carefully.

Temporarily dispel the idea of ​​going back to pick up his wife and children, and concentrate on dealing with the matter in front of him.

Although the company's finances are entrusted to EY Accounting Firm, if the ICAC investigates the company for three to five months, will the company still be in operation?
But he is not the first person to be investigated by the government. He was also investigated when the charter king disembarked.

The Carrian case has also been investigated.

The Hong Kong government quickly sent people into Shengshi to investigate, including the Independent Commission Against Corruption, the Takeovers and Mergers Committee, the Financial Secretary, and the Securities Regulatory Commission. The four major departments entered into all Shengshi companies.

Including media, holding, real estate, retail.

This caused panic among countless people in the company, because Shengshi now has a lot of employees, and with the reorganized Jardine Department, there are really tens of thousands of people.

Everyone is worried that there is really something wrong with Shengshi, maybe Shengshi will be closed because of this.

As soon as these people entered the prosperity investigation, the next wave of HSBC's attack came.

Regardless of whether it is British capital or Chinese capital, they are all sharpening their knives, ready to tear off the fat from Shengshi's body.

Boss He was very worried, so he came here to ask Su Chen, "Is everything okay in the company?"

"Don't worry about it." Su Chen comforted, "They can investigate as they please, and besides, I can't stop it even if I want to, can't I?"

In addition to Boss He, Boss Huo also called to ask if there was anything that needed help.

Su Chen thanked them for their condolences, but there was nothing that needed help.

Because even they couldn't stop the investigations of these major departments.

The reason why Su Chen is not worried at all is because according to the consistent policy, the acquisition and merger committee does not care whether the price of the acquisition is reasonable or not.

The committee's role is simply to ensure that the relevant procedures are followed, including proper disclosure of all required information and independent shareholder financial advisors advising shareholders on acquisitions.

As for the China Securities Regulatory Commission, purely from the legal point of view, neither the Company Law nor the Listing Regulations stipulates that shareholders of listed companies cannot vote on resolutions related to their own interests.

At the beginning, Tang Wanru took advantage of this loophole in Hong Kong's securities regulatory laws. Therefore, many people in the securities industry believed that the regulatory system of Hong Kong's securities industry still had many problems in how to protect the interests of minority shareholders.

As for the ICAC and the Financial Secretary, it's useless to worry about them, they're all here anyway.

It's better to honestly open your mind and welcome other people's investigations.

The position of the Hong Kong government is that it will not initiate an investigation hastily. It will only launch an investigation if it has sufficient prima facie evidence and considers it suspicious.

Now stationed in Shengshi to conduct investigations, it shows that Shengshi's recent series of operations have touched their backs.

Especially the strong acquisition of the Jardine Department is a thorn in their hearts.

After all, the friendship between the Keswick family and the government is not simple, but before someone came to the rescue, they had already belched.

However, there are no fake accounts in Shengshi's books, so I don't worry about it.

With the investigation of the four major departments.

A piece of amazing news came.

Shengshi business is not only in Hong Kong, because it has business in the mainland, Japan, Europe, America and the Soviet Union.

And its huge business sector can make people jaw-dropping.

In Hong Kong, the financial industry, real estate, retail industry, textile industry, and media industry are respectively controlled, all of which are wholly-owned.

And holding several game companies in Japan.

In the UK, you have the banking industry, the semiconductor industry, the manufacturing industry.

As for the business sectors of the Soviet Union, they were transportation, trade, and finance.

The United States has the real estate industry, software industry, semiconductor industry, media industry, financial industry, high-tech industry, and gaming industry.

In the Netherlands there is also a semiconductor industry.

One piece of news came out, and all Hong Kong people were stunned.

Although they all knew that Shengshi was a huge company, they never expected it to be so huge.

It looks like a commercial aircraft carrier.

Someone once again calculated that all the assets of Shengshi together amounted to at least [-] billion Hong Kong dollars.

……

In Li Cucumber's mansion, many Hong Kong tycoons gathered here.

Someone asked:

"Tell me, can Shengshi survive this time?"

"It's hard to say, I thought this company was only based in Hong Kong, but I didn't expect to have such a big business early on." Lee Shau Kee couldn't help feeling, "It seems that we all underestimated this company."

"That's right." The charter king nodded, "I heard that there was going to be a financing listing, and I thought it was true, but now it seems that it is just a random smoke bomb."

Zheng Yutong said: "If Shengshi continues to develop, we may not be able to catch up with the horses in the future, and Shengshi only has two people. How did they make a small company so big?"

"It's really hard to say. There are think tanks behind all of us. Every project we do must be carefully analyzed, reconsidered, and weigh the pros and cons before making a decision."

Li Cucumber shook his head, "But there are only two decision-makers in Shengshi, one is Su Chen, and the other is Tang Wanru. I really can't figure out how they managed to make such a small company so big."

Everyone present is a veteran of business warfare, and everyone has carefully investigated the background of Shengshi.

I thought it had something to do with the capital, but it didn't look like it.

And when Shengshi was established, there was only one shareholder, but it was changed later and Tang Wanru was added.

In other words, since its establishment, Shengshi Holdings has only two shareholders, no board of directors, and no think tank.

All the decisions were made by Su Chen, and Tang Wanru quickly executed them.

There is no need to discuss with any shareholders.

Guo Desheng said helplessly: "Actually, I really can't imagine how a company with only two people can achieve this step today, and in less than 10 years, their stock market has really swept away thousands of troops. .”

"That's why the big guys call them the barbarians of the stock market." Dong Jianhua also shook his head, "To be honest, I don't think we can tear off a little fat from Shengshi."

"Although we can't, if we combine HSBC and Swire Group, I don't think there will be a big problem." Li Cucumber suggested, "I don't know what you think?"

The shopping mall is a very realistic place, no one will sell favors without interests.

The big guys will not let it go just because Shengshi is a Chinese capital, as long as Shengshi falls, then it is their chance to rise.

"I think it's hard." Zheng Yutong came out to pour cold water on him, "Don't forget that Shengshi is friendly with Boss Huo and Boss He."

But he made no sign of not taking part in the action.

Just when everyone wanted to take a bite out of Sheng Shi, Sheng Shi suddenly released the news.

Shengshi has spent US$8 million to acquire a 49% stake in Haifeng Bank. This news made Pu Weiss almost vomit blood.

Haifeng Bank is the No.13 largest bank in the United States, headquartered in Buffalo, Northern New York, with more than 300 branches, an extensive business network in New York State, and a leading position in commercial banking.

In 1978, HSBC reached an agreement with Ocean Miran Bank of the United States to purchase a 3% stake in the bank at a price of US$4 million. Ocean Miran Bank was also renamed Haifeng Bank.

Seeing that the remaining 49% of the shares were about to be acquired, Sheng Shi suddenly stabbed HSBC...

(End of this chapter)