The Industrial Giant Reborn.
Chapter 401
Chapter 401
After a few days of fermenting in the United States, the public opinion in the United States slowly dropped. After all, not many people pay attention to a company that has nothing to do with them. People who will be affected will continue to pay attention, but the number of these people accounts for too little of the U.S. population, so the popularity will naturally come down. Next, there may be occasional new news about acquisitions, which may make it popular again .
However, when the news spread to Hong Kong, the public opinion exploded even more. First, Chen Zhiwen’s influence in Hong Kong is too great, and the total population of Hong Kong is too small. There are too many people who depend on Chen Zhiwen for food. There may be one tenth of them directly or indirectly. The second is that many wealthy and middle-class immigrants in Hong Kong are now transferring assets, but more people are waiting to see. The richest man in Hong Kong suddenly spends huge sums of money to acquire overseas companies at this time, which is suspected of transferring assets.
However, Chen Zhiwen did not come forward to explain this. Before Disney acquired it, he was too lazy to explain to the media that he could spend his money as he wanted, no matter whether he had any purpose or not, and he didn't need to explain it to outsiders, otherwise, In the future, this group of people will not be allowed to go to heaven?
And because my actions may cause Hong Kong's economy to worsen or more people to emigrate, it doesn't matter. Hong Kong's economy will remain unchanged in general, and it will skyrocket in the future. Let those who waver on both sides leave and stay. Maybe it will benefit more in the future, killing two birds with one stone.
In the United States, Morgan Stanley has already issued an invitation letter, inviting Chen Zhiwen to the United States to discuss the specific details of the acquisition of Disney. After all, Disney has not yet clearly rejected it, so there is hope, and the acquired party must also cooperate with the acquisition. The parties met to discuss many issues, such as the most important employment issues, follow-up company development issues, management freedom issues, debt issues, capital investment, and other issues.
Large-scale acquisitions involve too many things and require a long time to discuss. Naturally, these are handed over to the professional team, but the specific goals still need to be determined by the boss, Chen Zhiwen.
However, before leaving Hong Kong to go to the United States, Chen Zhiwen still made an appointment with a former friend, the current executive of HSBC Bank: Mr. Shen Bi.
The place where the two met was the Hilton Hotel that Chen Zhiwen had already acquired. Although it was about to be demolished, the relevant procedures had not been completed, and there were still orders from some customers, so it was operating semi-normally, only accepting short-term customers up.
The whole of Hong Kong basically knew that this Hilton Hotel was going to be demolished, but many people came to book rooms, maybe because they knew that there would be no chance in the future.
In the presidential suite, Chen Zhiwen met this executive of HSBC who hadn’t seen him alone for a long time. Since he forcibly acquired HK Electric three years ago and slapped HSBC hard, then Pao Yugang acquired CLP, HSBC They didn't help as promised, and after that, HSBC got the Haifeng Bank of the United States that they had been dreaming of, but they paid a lot of money and delayed about two years.
The relationship between the two parties can't be said to have deteriorated. After all, no one begs anyone, it's just indifferent. This time, Chen Zhiwen suddenly invited Shen Bi, which made him a little strange. Although the relationship may not be very good, but face should be given Besides, some things are in the past, and people still have to look forward to the future. If there is any major project cooperation, it is also possible.
In Hong Kong, business always comes first.
"Mr. Shen Bi, this is the high-grade Dahongpao tea I specially bought from England, and it is also the favorite variety of British nobles!" Chen Zhiwen had already prepared the reception, and said with a smile after brewing the tea.
"It's very fragrant and pure. It's been a long time since I drank such a Dahongpao." Shen Bi sniffed it lightly, nodded and said.
"Then you have to taste it. I still have 2 catties of property here. When Mr. Shen Bi goes back, I can take it away." Chen Zhiwen said again.
"Chen Sheng is too polite." Shen Bi felt a little uncomfortable. You must know that when Chen Zhiwen started to grow up a few years ago, although he still had manners, he would not usually give gifts like this, so he asked, "I don't know if Chen Sheng made an appointment. I came here, what advice do you have?"
"No advice, just a big cooperation." Chen Zhiwen said with a smile: "Mr. Shen Bi should know what I have to do in the United States, right?"
"Chen Sheng wants to buy Disney. Who in Hong Kong doesn't know? It's really a big deal. Although Disney hasn't done well in the past few years, it is still one of the giant companies in the United States. If it succeeds, Chen Sheng will be able to carry Into the annals of global business!" Shen Bi said with a smile.
HSBC has also wanted to internationalize these years, but the expansion or acquisition of overseas banks is naturally much more difficult. Chen Zhiwen was at the forefront of HSBC early on, not only entering the European and American markets with electronic products and beverages, It has also used capital to invest in the retail industry in the United States, and the scale has reached a level that shocked Shen Bi. Now it is going to acquire Disney in the United States.
"The more famous you are, the more trouble you will have. Recently, many media outlets are not very friendly to me." Chen Zhiwen said with a smile.
"It's just some small newspapers, just to attract attention. I'm waiting to do something, and I still need them to evaluate it?" Shen Bi said arrogantly: "Besides, Chen Sheng, you have a lot of influence in the Hong Kong media. Why do you care about them?"
"It doesn't matter, but there will always be some troubles, especially now is a special period." Chen Zhiwen nodded and said: "So I also hope that this transaction can be completed as soon as possible. No matter how much the media hype, but when it is done, everything will return to normal Yes, and when the acquisition is completed, I will naturally clean up the group of deliberately rhythmic media!"
Although he controls TVB and directly or indirectly controls a large number of media through investing in shares or giving a large number of advertising orders, there will always be some outside his control. These media usually do not interfere with him, but this time, it is just A few seem to enjoy hyping up various topics in order to get more sales, and maybe even for a special purpose.
Chen Zhiwen has already arranged for people to investigate, and when the people behind the scenes are caught, they will definitely be dealt with seriously.
"Of course, you should be punished for offending Hong Kong's top consortium." Shen Bi also agreed. Although this matter has nothing to do with him, as the head of the most powerful consortium in Hong Kong, he is sometimes attacked by some tabloids. Fortunately, it's not too sharp, and it doesn't matter in many cases, and if someone can kill chickens and monkeys, then everyone's life in the future may be more comfortable.It's just that this matter doesn't seem to have anything to do with me being here now, so I asked: "Then Chen Sheng asked me to come because of Disney? What can I do with this?"
"Funds!" Chen Zhiwen said, "I need a lot of funds, but I just don't know if HSBC can accept this transaction."
"You want to get a loan from HSBC." Shen Bi thought for a while and said, "Chen Sheng should have entrusted Morgan Stanley to make the acquisition, right? Normally, in this case, shouldn't Morgan Stanley provide the loan funds?"
"In general, the loan can only be said to have a portion of the investment bank participating in the transaction, but it does not mean that it must be all his funds. Furthermore, large investment banks also need to avoid risks, which may be close to 20 billion US dollars at every turn. They won't come out as a family, and I have already agreed with them that I will handle part of the funds myself." Chen Zhiwen said with a smile.
"That makes sense, but how much money does Chen Sheng need from HSBC?" Shen Bi suddenly became interested and asked.
Although the relationship with Chen Zhiwen is not very good, Chen Zhiwen's investment in Hong Kong has been in a state of contraction in the past two years. Now it seems that he has long predicted that there will be problems in the real estate market. There is no conflict with local companies, so it is naturally the same with HSBC.
Time will wash away all contradictions. In addition, in the past two or three years, Chen Zhiwen's industries have made great strides in the international market, and have begun to gradually widen the gap with HSBC. Although HSBC also wants to improve itself through internationalization, it is obviously faster than HSBC. superior.
The economic crisis in Hong Kong has also affected HSBC. The most basic thing is that there have been a lot of bad debts. However, these problems are not serious. HSBC has always done a good job in risk management and control, but a large amount of deposits have flowed in but no loans have flowed out. This is a problem for the bank. That said, it is a very troublesome problem.
And what Chen Zhiwen is asking for now just solves HSBC's current problems.
"50 billion Hong Kong dollars." Chen Zhiwen stretched out five fingers and said.The Hong Kong dollar crisis is coming soon, and this may be the last time that a large amount of funds can be mobilized reasonably on a large scale.
"50 billion!" Shen Bi was startled. This is the largest ratio loan in the history of HSBC. Even if the total liabilities of companies like Jardine, Wheelock, and Swire are higher than this figure, it is not a one-off. .However, compared with the funds required to acquire Disney, it is not much. At the current exchange rate, the funds are less than 10 billion US dollars.
"Yes, I think the money should not be a problem for HSBC. As for the collateral, I will arrange properties under Hutchison, Wharf, and Galaxy Properties as collateral, how about it?" Chen Zhiwen said.
Hutchison is already a special case in Hong Kong, because its properties in Hong Kong have almost no debts, which is unbelievable among Hong Kong real estate peers, but there is no way, under the guidance of knowing the future direction of land prices, when the bull market, Hutchison is completely Regardless of the future, desperately developing the properties in his hands, even when the high price plateau period is reached, it is the same, but the acquisition of new land is stopped.In addition to the investment in the gold market, Chen Zhiwen also gave part of it to Hutchison, which made Hutchison even more powerful in Hong Kong.
Of course, this is only in Hong Kong. Hutchison's investments in Japan and the Mainland still have a large debt scale.
However, Galaxy Real Estate and Wharf are slightly behind, mainly because of the late acquisition, but the debt ratio is also very low. During the period from 80 to 82, real estate development basically solved its own debt problem.
The three companies still own a large number of high-quality properties in Hong Kong, including several buildings in Central, Tsim Sha Tsui, office buildings in Admiralty, etc. Even if land prices have fallen now, the value of these prime commercial locations is not only HK$50 billion.
"Okay, as long as the collateral is sufficient, the loan is definitely not a problem." Shen Bi nodded and said, he couldn't see that there might be any trap in it, the collateral is sufficient, plus Chen Zhiwen Youmei's profiteering company, the loan from HSBC , there can be no risk.
(End of this chapter)
After a few days of fermenting in the United States, the public opinion in the United States slowly dropped. After all, not many people pay attention to a company that has nothing to do with them. People who will be affected will continue to pay attention, but the number of these people accounts for too little of the U.S. population, so the popularity will naturally come down. Next, there may be occasional new news about acquisitions, which may make it popular again .
However, when the news spread to Hong Kong, the public opinion exploded even more. First, Chen Zhiwen’s influence in Hong Kong is too great, and the total population of Hong Kong is too small. There are too many people who depend on Chen Zhiwen for food. There may be one tenth of them directly or indirectly. The second is that many wealthy and middle-class immigrants in Hong Kong are now transferring assets, but more people are waiting to see. The richest man in Hong Kong suddenly spends huge sums of money to acquire overseas companies at this time, which is suspected of transferring assets.
However, Chen Zhiwen did not come forward to explain this. Before Disney acquired it, he was too lazy to explain to the media that he could spend his money as he wanted, no matter whether he had any purpose or not, and he didn't need to explain it to outsiders, otherwise, In the future, this group of people will not be allowed to go to heaven?
And because my actions may cause Hong Kong's economy to worsen or more people to emigrate, it doesn't matter. Hong Kong's economy will remain unchanged in general, and it will skyrocket in the future. Let those who waver on both sides leave and stay. Maybe it will benefit more in the future, killing two birds with one stone.
In the United States, Morgan Stanley has already issued an invitation letter, inviting Chen Zhiwen to the United States to discuss the specific details of the acquisition of Disney. After all, Disney has not yet clearly rejected it, so there is hope, and the acquired party must also cooperate with the acquisition. The parties met to discuss many issues, such as the most important employment issues, follow-up company development issues, management freedom issues, debt issues, capital investment, and other issues.
Large-scale acquisitions involve too many things and require a long time to discuss. Naturally, these are handed over to the professional team, but the specific goals still need to be determined by the boss, Chen Zhiwen.
However, before leaving Hong Kong to go to the United States, Chen Zhiwen still made an appointment with a former friend, the current executive of HSBC Bank: Mr. Shen Bi.
The place where the two met was the Hilton Hotel that Chen Zhiwen had already acquired. Although it was about to be demolished, the relevant procedures had not been completed, and there were still orders from some customers, so it was operating semi-normally, only accepting short-term customers up.
The whole of Hong Kong basically knew that this Hilton Hotel was going to be demolished, but many people came to book rooms, maybe because they knew that there would be no chance in the future.
In the presidential suite, Chen Zhiwen met this executive of HSBC who hadn’t seen him alone for a long time. Since he forcibly acquired HK Electric three years ago and slapped HSBC hard, then Pao Yugang acquired CLP, HSBC They didn't help as promised, and after that, HSBC got the Haifeng Bank of the United States that they had been dreaming of, but they paid a lot of money and delayed about two years.
The relationship between the two parties can't be said to have deteriorated. After all, no one begs anyone, it's just indifferent. This time, Chen Zhiwen suddenly invited Shen Bi, which made him a little strange. Although the relationship may not be very good, but face should be given Besides, some things are in the past, and people still have to look forward to the future. If there is any major project cooperation, it is also possible.
In Hong Kong, business always comes first.
"Mr. Shen Bi, this is the high-grade Dahongpao tea I specially bought from England, and it is also the favorite variety of British nobles!" Chen Zhiwen had already prepared the reception, and said with a smile after brewing the tea.
"It's very fragrant and pure. It's been a long time since I drank such a Dahongpao." Shen Bi sniffed it lightly, nodded and said.
"Then you have to taste it. I still have 2 catties of property here. When Mr. Shen Bi goes back, I can take it away." Chen Zhiwen said again.
"Chen Sheng is too polite." Shen Bi felt a little uncomfortable. You must know that when Chen Zhiwen started to grow up a few years ago, although he still had manners, he would not usually give gifts like this, so he asked, "I don't know if Chen Sheng made an appointment. I came here, what advice do you have?"
"No advice, just a big cooperation." Chen Zhiwen said with a smile: "Mr. Shen Bi should know what I have to do in the United States, right?"
"Chen Sheng wants to buy Disney. Who in Hong Kong doesn't know? It's really a big deal. Although Disney hasn't done well in the past few years, it is still one of the giant companies in the United States. If it succeeds, Chen Sheng will be able to carry Into the annals of global business!" Shen Bi said with a smile.
HSBC has also wanted to internationalize these years, but the expansion or acquisition of overseas banks is naturally much more difficult. Chen Zhiwen was at the forefront of HSBC early on, not only entering the European and American markets with electronic products and beverages, It has also used capital to invest in the retail industry in the United States, and the scale has reached a level that shocked Shen Bi. Now it is going to acquire Disney in the United States.
"The more famous you are, the more trouble you will have. Recently, many media outlets are not very friendly to me." Chen Zhiwen said with a smile.
"It's just some small newspapers, just to attract attention. I'm waiting to do something, and I still need them to evaluate it?" Shen Bi said arrogantly: "Besides, Chen Sheng, you have a lot of influence in the Hong Kong media. Why do you care about them?"
"It doesn't matter, but there will always be some troubles, especially now is a special period." Chen Zhiwen nodded and said: "So I also hope that this transaction can be completed as soon as possible. No matter how much the media hype, but when it is done, everything will return to normal Yes, and when the acquisition is completed, I will naturally clean up the group of deliberately rhythmic media!"
Although he controls TVB and directly or indirectly controls a large number of media through investing in shares or giving a large number of advertising orders, there will always be some outside his control. These media usually do not interfere with him, but this time, it is just A few seem to enjoy hyping up various topics in order to get more sales, and maybe even for a special purpose.
Chen Zhiwen has already arranged for people to investigate, and when the people behind the scenes are caught, they will definitely be dealt with seriously.
"Of course, you should be punished for offending Hong Kong's top consortium." Shen Bi also agreed. Although this matter has nothing to do with him, as the head of the most powerful consortium in Hong Kong, he is sometimes attacked by some tabloids. Fortunately, it's not too sharp, and it doesn't matter in many cases, and if someone can kill chickens and monkeys, then everyone's life in the future may be more comfortable.It's just that this matter doesn't seem to have anything to do with me being here now, so I asked: "Then Chen Sheng asked me to come because of Disney? What can I do with this?"
"Funds!" Chen Zhiwen said, "I need a lot of funds, but I just don't know if HSBC can accept this transaction."
"You want to get a loan from HSBC." Shen Bi thought for a while and said, "Chen Sheng should have entrusted Morgan Stanley to make the acquisition, right? Normally, in this case, shouldn't Morgan Stanley provide the loan funds?"
"In general, the loan can only be said to have a portion of the investment bank participating in the transaction, but it does not mean that it must be all his funds. Furthermore, large investment banks also need to avoid risks, which may be close to 20 billion US dollars at every turn. They won't come out as a family, and I have already agreed with them that I will handle part of the funds myself." Chen Zhiwen said with a smile.
"That makes sense, but how much money does Chen Sheng need from HSBC?" Shen Bi suddenly became interested and asked.
Although the relationship with Chen Zhiwen is not very good, Chen Zhiwen's investment in Hong Kong has been in a state of contraction in the past two years. Now it seems that he has long predicted that there will be problems in the real estate market. There is no conflict with local companies, so it is naturally the same with HSBC.
Time will wash away all contradictions. In addition, in the past two or three years, Chen Zhiwen's industries have made great strides in the international market, and have begun to gradually widen the gap with HSBC. Although HSBC also wants to improve itself through internationalization, it is obviously faster than HSBC. superior.
The economic crisis in Hong Kong has also affected HSBC. The most basic thing is that there have been a lot of bad debts. However, these problems are not serious. HSBC has always done a good job in risk management and control, but a large amount of deposits have flowed in but no loans have flowed out. This is a problem for the bank. That said, it is a very troublesome problem.
And what Chen Zhiwen is asking for now just solves HSBC's current problems.
"50 billion Hong Kong dollars." Chen Zhiwen stretched out five fingers and said.The Hong Kong dollar crisis is coming soon, and this may be the last time that a large amount of funds can be mobilized reasonably on a large scale.
"50 billion!" Shen Bi was startled. This is the largest ratio loan in the history of HSBC. Even if the total liabilities of companies like Jardine, Wheelock, and Swire are higher than this figure, it is not a one-off. .However, compared with the funds required to acquire Disney, it is not much. At the current exchange rate, the funds are less than 10 billion US dollars.
"Yes, I think the money should not be a problem for HSBC. As for the collateral, I will arrange properties under Hutchison, Wharf, and Galaxy Properties as collateral, how about it?" Chen Zhiwen said.
Hutchison is already a special case in Hong Kong, because its properties in Hong Kong have almost no debts, which is unbelievable among Hong Kong real estate peers, but there is no way, under the guidance of knowing the future direction of land prices, when the bull market, Hutchison is completely Regardless of the future, desperately developing the properties in his hands, even when the high price plateau period is reached, it is the same, but the acquisition of new land is stopped.In addition to the investment in the gold market, Chen Zhiwen also gave part of it to Hutchison, which made Hutchison even more powerful in Hong Kong.
Of course, this is only in Hong Kong. Hutchison's investments in Japan and the Mainland still have a large debt scale.
However, Galaxy Real Estate and Wharf are slightly behind, mainly because of the late acquisition, but the debt ratio is also very low. During the period from 80 to 82, real estate development basically solved its own debt problem.
The three companies still own a large number of high-quality properties in Hong Kong, including several buildings in Central, Tsim Sha Tsui, office buildings in Admiralty, etc. Even if land prices have fallen now, the value of these prime commercial locations is not only HK$50 billion.
"Okay, as long as the collateral is sufficient, the loan is definitely not a problem." Shen Bi nodded and said, he couldn't see that there might be any trap in it, the collateral is sufficient, plus Chen Zhiwen Youmei's profiteering company, the loan from HSBC , there can be no risk.
(End of this chapter)
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