Through the wealth life

Chapter 385 Jardine's Predicament

Li Guangyu took the huge profits earned in the stock market and injected them into several major groups to accelerate their expansion, while Jardine had to face the consequences of Newbikin's wrong decision.

This time, the Jardine Group lost tens of billions. Even if the Jardine family has a big business, they can't afford such a loss.In particular, this stock market transaction is mainly made by several major shareholders of Jardine Matheson, and has nothing to do with ordinary shareholders.

The Keswick family and its cousin, the Jardine family, were responsible for Nubijian's investment in the stock market this time, which put considerable pressure on their two families.

The sharp drop in the Xiangjiang stock market also made the shares in their hands not very valuable. In addition, the Jardine Group's funds were already quite tight during the blind expansion during the Newbigan period, which also brought great difficulties to the development of Jardine.

In the Jardines office, Henry Keswick is contacting the Jardine family in London to discuss how to overcome the current difficulties. Although the two families have mobilized 50 billion Hong Kong dollars, there are still 60 billion Hong Kong dollars. The gap, in this regard, they must make up for it.

After some negotiations, because Henry Keswick insisted that he did not want to sell the company in his hand, the Jardine family finally agreed to mobilize another 30 billion Hong Kong dollars in proportion to make up for the losses here. Jean-Henry Keswick took it upon himself to mobilize the funds by saying nothing.

This loss caused the loss of more than half of the accumulation of the two families over hundreds of years. It was Henry Keswick who assured the Jardine family that this company would have very good returns, and the Jardine family agreed to mobilize some funds from the family. In the past, a lot of funds came from bank mortgages with company shares.

At the same time, the Jardine family asked Henry Keswick to deal with a group of low-profit enterprises, revitalize the capital chain of the Jardine Group, and reduce the debt of the Jardine Group. Among them is the Hong Kong Electric Lighting Group.

The Jardine family was a little dissatisfied with the holding of this group at that time, and spent a huge amount of money to hold such a company with limited profits. There is really nowhere to spend the money.The Jardine family would not have agreed to do such a thing if it hadn't been for the Newbijian and Keswick family's persuasion to suppress the momentum of the Li Group.

After Henry Keswick hung up the phone, he sat alone in the office, thinking about how the Jardine Group would go on in the future. The failure of this investment not only caused huge losses to their two families, but also the Jardine Group was greatly affected by it. The impact of the stock market disaster is not small.

If there is a choice, Henry Keswick really does not want to sell his group. He has just taken over the Jardine Group and will sell the Jardine Group's companies immediately. What will Jardine think internally will only show Due to his incompetence, he couldn't even keep his own company.

Especially in this period of stock market slump, the confidence of Jardine Group employees will definitely be hit.Henry Keswick didn't want his time at Jardines to start like this, it wasn't a bright start for him.

In order to make up the remaining difference, Henry Keswick specially contacted Shen Bi and George Lavin, hoping that they could provide Jardine Matheson with a loan to make up for the losses in the stock market this time.

George Lavin rejected Henry Keswick's request on the spot, and also reminded Henry Keswick Newbigan's mortgage loan at their bank last year due to the stock market crash, the value of the collateral is now insufficient, and they still need to And the group will make up the difference as soon as possible.

Henry Keswick almost exploded, I came to ask you for a loan, but you still asked me to continue to make up the difference of the loan, why should I ask you if I have money.

Henry Keswick also didn't get much from Shen Bi's side, and now many of their shares in Jardine have been mortgaged to Standard Chartered and HSBC by Nubijian in exchange for funds for rapid expansion.

Now that the stock market has plummeted, the value of the shares has been greatly reduced. He still needs to take more shares to mortgage to make up the difference. In the end, there are really not many shares to mortgage.

At three o'clock in the afternoon on the 8th, the senior management of the Jardine Group held a shareholder and senior management meeting. Henry Keswick explained the current predicament and asked everyone to unite and lead the Jardine Group out of the predicament.

The people present at this meeting had different thoughts and were all thinking about their own calculations, especially the major shareholders of the Jardine Group. Many of them were major shareholders of listed companies under the Jardine Group. The sharp drop in the stock market caused They came up with some other ideas.

Among them is Wang Xinyu, the director of Xiangjiang Electric Group. Li's group is the second largest shareholder of Xiangjiang Electric Group. Come and see what the Jardine Group has planned.

It's a pity that the content of this meeting disappointed her, and she didn't reveal anything of value. They were all words of encouragement for everyone to work together and lead the development of the group.It did not reveal at all how Henry Keswick was going to solve this matter.

Henry Keswick didn't intend to talk about his handling method at the meeting. He knew that many shareholders and him were not of one mind, and there were even people who wanted to see Jardine go bankrupt.If you tell the plan, isn't it sticking your head out and being slaughtered?
After the meeting, Henry Keswick left behind his cronies and discussed with them which company under the group would be more appropriate to sell.

The high-level personnel are also aware of the current form of the group, as well as the plight of the Keswick family and several other shareholders. If there is only a problem with the Jardine Group, the Keswick family and the Jardine family will still have funds to make up for the gap.

But now the two big families have suffered heavy financial losses due to the stock market, and have no spare energy to help the Jardine Group. Therefore, if Jardine wants to get out of the predicament, it must have the determination of a strong man to cut his wrists.

One of the senior executives said: "We need a large sum of money this time, but the sale of sporadic small properties will not help the group out of the predicament, so we still have to prepare for the sale of the listed company."

Henry Keswick said: "I am asking you to know which public company you think we should sell."

At present, the more important enterprises of Jardine include Jardine Land, Xiangjiang Milk Company, Mandarin Oriental Hotel, Wellcome Supermarket, Xiangjiang Electric Group, etc. Henry Keswick has not yet determined which companies the group will sell to revitalize the Jardine Group development of.

One of them said: "Jardine Landmark is our flagship, and we absolutely cannot give up. Milk Company and Wellcome Supermarket also provide us with a steady stream of cash, and we cannot easily give up here. As for Mandarin Oriental Hotel and Xiangjiang Electric Group, it depends on what you plan to do."

Henry Keswick intends to sell the Hongkong Electric Group, and the Jardine family also agrees with this opinion.It's just that Henry Keswick held it at such a high price last year and let it out at a low price today, which made Henry Keswick a little unacceptable.He lost billions in just over a year, and this investment really made him a little unwilling.

After discussing with these senior executives for a while, Henry Keswick still did not immediately decide which company to sell.

(End of this chapter)