Through the wealth life

Chapter 196 HSBC's Troubles

Shen Bi, chairman of HSBC, is very troubled now. Just today, he received calls from countless people, all of whom said the same thing, the issue of the shares of Heung Kong Electric and Heung Kong Telephone Group held by HSBC.

Whether it is Li Ka-shing, Xu Shixun, Pao Yugang, Ho Hongshen and others from the Chinese family, or John Swire and John Madden from several families of the British consortium, they all called him. The head of the Sirk family called him personally.

On the morning of the second day, Shen Bi held a high-level meeting of HSBC.

Shen Bi said: "I believe everyone knows the most popular thing in Xiangjiang these two days. Just yesterday, the Li Group and the Jardine Group respectively completed the acquisition of the shares of all other shareholders except our HSBC. Both the Lee Group and the Jardine Group hold about 46% of the shares of Heung Kong Electric and Heung Kong Telephone, and we are now the key to the success of the two groups.”

A vice chairman of HSBC said: "Chairman, as a British-funded bank, I suggest that we should transfer our shares to Jardine Matheson Group. This is to protect our interests in England, and Li Guangyu must not be allowed to make another acquisition. success."

The vice chairman who spoke was sent to HSBC by the major shareholder of HSBC to watch HSBC.As an Englishman, the vice chairman disliked Shen Bi's policies at HSBC.This time, he does not want HSBC to hand over the shares of these two groups to Li Guangyu like last year, so that the Jardine Matheson Group will fall short.

Immediately after the vice chairman finished speaking, a Chinese executive said: "Chairman, you must know that this competition between the two groups of Heung Kong Electric and Heung Kong Telephone involves the current competition between Chinese families and British foreign firms. We Once the shares are transferred to Jardine, we will lose the business of the Xiangjiang Chinese family, especially the Li Alliance headed by Li Sheng."

"We need to know that the current business of the Li Group in our bank is already huge, and with the addition of his relationship with the major families in Xiangjiang, we have to consider whether HSBC can afford such a loss if we do this. You know, Most of the business of several major foreign banks is with Standard Chartered Bank, even if we help them this time, they will not transfer all their business to us."

After hearing the speech of this Chinese executive, the high-level people present fell silent. The reason why HSBC is able to beat Standard Chartered now is because of the close relationship between HSBC and the Xiangjiang Chinese family. The Chinese families in Xiangjiang basically handle their business at HSBC.

Think about the families behind Li Guangyu today. Once HSBC supports Jardine this time, Li Guangyu and the others will definitely not maintain such a relationship with HSBC.

You must know that the families behind Li Guangyu are the main sources of business for HSBC. Whether it is the He family, or Li Ka-shing, Guo Desheng, Lee Shau Kee, and Pao Yugang, etc., they all contacted HSBC this time. The shares of these two groups were transferred to Li Guangyu.

Shen Bi said: "Think about it, everyone, what should we do at HSBC to avoid offending these two consortiums as much as possible."

Shen Bi was also very distressed. As a British-funded bank, it was right to support the consortium in his country, but for the benefit of HSBC, it was more beneficial to support the Li Group. It is difficult for him to make this decision now.

None of the top executives responded, even the vice chairman who had just clamored to transfer the shares to Jardine did not speak. The interests of HSBC forced him to stop his thoughts just now.

Shen Bi saw that the senior management did not express any opinions, and said: "This afternoon, Mr. Li Guangyu and Mr. Niu Bijian will come to HSBC to discuss the shares of the two groups of Heung Kong Electric and Heung Kong Telephone. Come up with a plan, how should we deal with it.”

At this time, a senior executive of HSBC said: "Chairman, if we HSBC continue to hold the shares of the two groups, no one will transfer them."

As soon as he finished speaking, a person answered: "Chairman, we must not continue to hold shares in these two groups at this time. This will make us offend the two consortiums at the same time. They will not rest assured that the shares will be released." It's in our hands."

"Whether the Lee Consortium is the largest shareholder of these two groups or the Jardine Matheson Group is the largest shareholder, once we continue to hold them, they will worry that the group will change owners in the next moment."

The general manager of the investment department complained: "If we had known this would happen, we might as well have released the shares when they started buying in the stock market, so we wouldn't be in such an embarrassing position now."

Shen Bi also had some regrets, at the time he thought that he could be a favor and make a lot of money.It's just that I didn't expect the Li Group and the Jardine Group to come so fast, and also come so fast.In just two days, the shares of the two major groups were basically bought out, except for his HSBC shares, which still play a decisive role today.

During the meeting at HSBC, Li Guangyu was also discussing the acquisition of HSBC in the afternoon.

Li Guangyu is also very troubled now. After his company acquired the shares of several big families, the working capital has been exhausted.This is only enough if another one billion Hong Kong dollars is transferred from Xingyu Group.

Li Guangyu now holds 46.5% of the shares of Heung Kong Electric Group, which cost 45.3 billion from the acquisition to the present, while Heung Kong Telephone Group holds 45.7% of the shares, with a total cost of 34.3 billion Hong Kong dollars.

For this reason, Li Guangyu transferred 50 billion Hong Kong dollars at the beginning of the year, and Li Xuemei also transferred 20 billion Hong Kong dollars. In addition, some profits from Tianyu Investment last year were not enough, so Li Guangyu transferred another billion Hong Kong dollars from Xingyu Group.

Today's investment book is less than [-] million Hong Kong dollars. Li Guangyu has to raise a large amount of funds if he wants to buy the shares in HSBC.

For this reason, Li Guangyu said: "Xuemei, you contact Mr. Gan Qinglin and ask him to transfer the billion-dollar loan he obtained from Sumitomo Bank to our side. We will buy these two groups first, and then we will talk about Jaguar. to raise funds."

Li Xuemei said, "Alright Li Sheng, I'll contact Gan Sheng right away."

To win the shares held by HSBC this time, Li Guangyu needs nearly 15 billion Hong Kong dollars.This is still based on the current market price of the third-highest tier. Once Jardine continues to raise the price, I don't know how much more it will need.

However, Li Guangyu feels that Jardine is in trouble now. He himself spent nearly 80 billion. Even if Jardine Group has a lot of shares at the beginning, in the subsequent acquisitions, it will be purchased at a price higher than the market price, just like himself. It will be nearly 40 billion Hong Kong dollars.This is not counting the funds he used to snap up shares in Wharf, Jardine is estimated to be short of funds now.

At this time, Jardine Group headquarters, in Newbijian's office, Chief Financial Officer Wei Jiali Deshawn reported the acquisition to Newbijian.

Weijiali Deshaun said: "This time we have increased the shares of Heung Kong Electric Group to 45.3%, Heung Kong Telephone Group to 45.2%, and Wharf we have only increased to 36.8%, and our current funds are almost exhausted. The acquisition cost us nearly 50 billion Hong Kong dollars."

Newbikin's face is also a bit ugly. Jardine raised 20 billion Hong Kong dollars and then borrowed 20 billion Hong Kong dollars from Standard Chartered Bank and 10 billion Hong Kong dollars from HSBC. I thought that so much is now enough to guarantee the acquisition of the three groups. , I didn't expect that even a group can't handle it now.

Newbigan said: "I will immediately contact Standard Chartered Bank to try to borrow another 15 billion Hong Kong dollars for the acquisition of HSBC's shares."

Wei Jiali Deshawn said: "Chairman, should we continue to snap up Wharf stocks? Now, Yu-Kang Pao has also started to take action in the stock market. Obviously, he is going to snap up Wharf with us when we are short of funds. group."

Newbikin really had a headache. At this moment, Pao Yugang popped up again. If you want to talk about the three groups, Wharf is actually the most important.The two groups of Heung Kong Electric and Heung Kong Telephone only have a great influence on the public, and they cannot compare with Wharf in terms of profit. Newbijian does not want Wharf to be out of the control of Jardine Matheson Group.

Niubijian said: "You continue to buy Wharf for me. If the funds are insufficient, I will think of a way."

Niubijian felt that it was a mistake to snap up the shares of the two groups with Li Guangyu at the same time. The current situation of the Li Group is really terrifying.Without taking loans from the major banks in Hong Kong, it was possible to mobilize 80 billion Hong Kong dollars.

(End of this chapter)