Through the wealth life

Chapter 533 Different Ideas
Henry Keswick also did not get the good news he expected from Standard Chartered. Faced with such a situation, he felt unspeakably disappointed.

Both of them said very well at the beginning, and they would support me in the competition between Wellcome and the Li's consortium. Now when they come to the door, these two can't make decisions by themselves.

After Henry Keswick returned to the group, he immediately ordered his assistant to notify the shareholders of Jardine Holdings Group to hold a shareholder meeting at [-]:[-] p.m. to discuss the current difficulties Jardine Group is facing.

Similarly, George Lavin of Standard Chartered Bank also asked his assistant to contact the directors of Xiangjiang to discuss the issue of Wellcome Supermarket.

What is more troublesome for them than HSBC is that the resolution here needs the approval of the London headquarters, especially this time to eat the shares in the hands of the minority shareholders of the Jardine Matheson Group. Such a large amount of capital investment is impossible without the approval of the headquarters of.

At the board meeting of HSBC Bank, Shen Bi said to those present: "Dear directors, you all know the current situation of Xiangjiang. The Lee consortium is ambitious, and our British consortium is constantly retreating. Now only the Jardine family is left in front. Faced with the suppression of the Lee consortium, they are struggling to support them, and now they need some help from us, HSBC and Standard Chartered."

Then Shen Bi took out the plan proposed by Henry Keswick and asked the directors present for their opinions.

When these directors heard that HSBC and Standard Chartered were asked to take over the shares held by those small and medium shareholders and face the suppression of the Li consortium together, they quit immediately.

They have a good understanding of Jardine's situation. Now they mainly make profits from real estate and Dairy Milk International. Wellcome Supermarket, a former gold-absorbing machine, has now become a money-losing product.Although Milk International has a monopoly on the milk supply of Xiangjiang, its current profits are not too much, and its main assets are still in real estate.

If they were allowed to take some shares of the Jardine Group a year or two ago, they would not have any objection, but at this juncture, several groups of the Huazi family are selling their properties, which makes them feel that Xiangjiang Real Estate has a bright future. It's not good, it's not what their bank should do to pick up orders at this time.

Even though Shen Bi had made some preparations in his heart, he was still very irritable in the face of the crowd's opposition.

Shen Bi said: "Please also think about it. Once Jardine falls, our HSBC will face the suppression of the Li consortium. Is there any chance for us to win? If we don't lend a helping hand to Jardine at this time, you will still count on it." Who extended a helping hand to us. You don't naively think that the Li Family Group will turn a blind eye to us, don't you see clearly Li Guangyu's wolf ambitions? He wants to become the only overlord of Xiangjiang, and any group that threatens him It's what he wants to clear."

It's not that these directors don't understand the threat of the Li's consortium, it's just that nothing is imminent, and they don't want to lose their own interests. To help Jardine for their own interests, they said they could not do it.

One of the directors said: "Shen Bi, what's the use of us joining in? Wellcome Supermarket is already powerless. The Li's consortium will not stop here. Why should we compete with the Li's consortium for financial resources? In this regard, we HSBC, Standard Chartered and Jardine can't compete with them even if they are tied together, why do you hold on to Wellcome?"

Shen Bi was quite angry when he heard this, and he said: "Then according to what you mean, the Li's consortium has strong financial resources, and if it competes with HSBC in the future, we don't have to do anything, just surrender directly."

In Shen Bi's condition, these directors knew that he expected himself and others to support him in taking over the shares held by the small shareholders of Jardine Holdings Group.

One shareholder considered that HSBC would be under a lot of pressure once Jardine collapsed. Although investing in Jardine Holdings Group does not make much money, at least there will be no losses. Wellcome’s losses can be recovered by other companies. , it's just that they can't make a profit.

He said to Shen Bi: "How much we need to invest in Jardine, and some of their group's situation needs to be further understood. Now Wellcome Supermarket is not losing much. If we don't invest too much, in order to reduce Li's The pressure of the consortium on our HSBC Bank can still be invested."

Shen Bi's serious expression finally relaxed. This director spoke, and then several directors said similar words, asking Shen Bi to confirm the profitability of Jardine and the amount of this investment before making a decision at the meeting. room for discussion.

Among them, some shareholders who wished to object no longer objected to this. Anyway, they have not confirmed the investment now, and just asked Shen Bi to come up with a plan. At this time, they are too lazy to object.

Seeing this, Shen Bi said happily: "Thank you for the support of all the directors. After the meeting, I will contact Henry Keswick and George Lavin to discuss this matter and come up with a plan as soon as possible for everyone to make a decision on. .”

Shen Bi’s side is not bad. In the meeting room of Standard Chartered Bank, when George Lavin proposed to buy the shares of Jardine’s minority shareholders to deal with the pressure from the Li’s consortium, he was unanimously opposed by the senior executives of Standard Chartered Bank Xiangjiang.

They believe that it is quite unwise to invest in Jardine at present, and it is not in the interests of Standard Chartered Bank.Even if George Lavin told about the fall of Jardine Group, the threat of the Li consortium to Standard Chartered Bank was useless.

Standard Chartered Bank is different from HSBC. HSBC's headquarters is in Xiangjiang, and this is their root.The loss of the Standard Chartered Xiangjiang market is not a big deal to them. Anyway, their headquarters is in London, and the loss of the Xiangjiang market will not kill them.

There are countless retreats for these high-level executives. As long as they don't make decisive losses here, they can move to a higher position.Now the plan proposed by George Lavin is obviously not in their interests.

As for the pressure from the Li Family Group, they selectively ignored it.They knew that Standard Chartered would definitely not be the first target of Li's consortium, but HSBC would be their target, because HSBC's headquarters is in Xiangjiang.

The Li's consortium, which is also based on Xiangjiang, will definitely not let another financial group that can threaten his status exist.

In the conference room of the Jardine Group, Henry Keswick was also discussing the Wellcome issue with the directors of the group.

Henry Keswick described today's situation to the directors present, and he also asked these directors to give him another week. If HSBC and Standard Chartered were unwilling to intervene, he would dispose of Wellcome Supermarket.

One of the directors said: "Keswick, in the past few months, we have given you time again and again. You asked us not to transfer the shares in our hands for the time being, and we agreed. Now it has been a full three months. In a month, you asked us to give you a week, did you ask us to give you another week after a week?"

Now not only Henry Keswick is very troubled, but the small shareholders of Jardine are also anxious. If this drags on, the value of their shares will be greatly reduced. They are all worried that the shares of Jardine will eventually fall into their own hands. It's too late to regret.

At the same time, they also envied the small shareholders of Hutchison Whampoa, who were taken over by Xiangjiang Zhonghua Investment Company before they even thought about selling it.

……

(End of this chapter)