The Industrial Giant Reborn.

Chapter 402 Sitting in the United States
"How long will HSBC be able to provide this money?" Chen Zhiwen asked again.

"Chen Sheng, you need US dollars to acquire Disney, so our loan will be denominated in US dollars?" Shen Bi asked back.

Chen Zhiwen shook his head and said, "I do need US dollars to buy Disney, but for this loan, my property in Hong Kong is the collateral, and the transaction is also in Hong Kong, so I will only accept loans in Hong Kong dollars. When the Hong Kong dollars are in hand, I will Go to the foreign exchange administration to exchange dollars, or through your HSBC.

This is mainly because it will be more convenient for me to repay the loan in Hong Kong dollars in the future. "

In a few months, the Hong Kong dollar will face an unprecedented crisis, and the exchange rate will leak out. At this time, he would be a fool if he borrowed in US dollars. In fact, he chose to borrow from HSBC to reduce his own costs. A loan of 50 billion Hong Kong dollars is converted into U.S. dollars, and the exchange rate of the Hong Kong dollar has fallen to a low level before being exchanged back, making a net profit of 20 billion Hong Kong dollars as a base. The cost of acquiring Disney would also be reduced by $20 million.

The reason why he chose HSBC is actually because of Hong Kong as a whole, and only HSBC has the ability to spend such a large sum of money. Standard Chartered may not be able to do it. Besides, Standard Chartered has a good relationship with him, and he does not need to cheat his allies.

"That's fine, after all, it's a transaction in Hong Kong." Shen Bi nodded and said.

In fact, he has roughly guessed that Chen Zhiwen is probably not very optimistic about the exchange rate of the Hong Kong dollar, but it doesn't matter, the fundamentals of Hong Kong's economy are still there, and the exchange rate will not fall much if it falls. Besides, HSBC's deposits are in Hong Kong dollars, and the loans are also in Hong Kong dollars. , This transaction will not have the risk of foreign exchange fluctuations. At most, the exchange rate of Hong Kong dollar will fall, which will lead to a proportional decline in profits.

And this transaction, being able to participate in it, is very beneficial to HSBC. It not only alleviates the current situation that HSBC has no loans, but also takes this opportunity to promote HSBC's reputation in the international financial market. How to put it, this The acquisition of Disney for the first time is also a very large cross-border M&A event, which is of great significance to the internationalization of HSBC.

"What about the interest?" Chen Zhiwen asked again.

"Don't worry, Mr. Chen. In terms of interest, we at HSBC will definitely give you the most favorable interest rate. How about the current 9%?" Shen Bi asked. Although the cooperation between banks and enterprises is basically based on the bank's negotiation terms, but high-quality customers and sufficient collateral, That is the favorite of all banks, especially Chen Zhiwen, who not only has sufficient assets, but also has an easier repayment ability due to Midea's profitability.

"Well, I will arrange for Hutchison and Wharf to send some property information to HSBC headquarters. We will evaluate the price together and then negotiate the loan. This matter should be completed as soon as possible. I need to go to the United States immediately. When will Disney be able to do so? I'm not sure about the acquisition or transaction funds." Chen Zhiwen added.

The purpose this time is to cash out a large sum of Hong Kong dollars before the Hong Kong dollar crisis occurs, and the collateral is naturally relatively straightforward. Convert US dollars to Hong Kong dollars.

In this process, the more dollars there are, the more benefits Hong Kong's economy was about to collapse at that time, and at the same time, I can make profits.

"Okay, no problem." Shen Bi nodded, and HSBC naturally wanted a risk-free loan. Even though there were some conflicts with Chen Zhiwen, everything was not a problem in front of commercial interests.

Soon, Hutchison and Wharf, which had been prepared long ago, took some of their own property information to the headquarters of HSBC Bank. Facing high-quality assets with little or no mortgage, even in the current real estate crisis, it is very important. Excellent bank loan collateral, when the bank has too much money to lend out, and the collateral is of high quality, the two parties quickly entered the right track.

Chen Zhiwen had already foreseen this. Under normal logic, it is impossible for this cooperation to be unsuccessful. Shen Bi will not have money, but he does not know about the Hong Kong dollar crisis that will follow. At that time, it will be completely cheap for Chen Zhiwen up.

After the only operation in Hong Kong was completed, Chen Zhiwen set off for the United States. For such a large-scale acquisition, he, the boss, must be personally in charge. The decisions, requests, and meetings with some people need to be made in person, and you can return to Hong Kong at other times.

However, if the negotiation is good and the speed is fast, it will be completed very quickly. After all, the steps are very simple, as long as the seller agrees, and then the Ministry of Commerce is settled. However, many problems may be encountered in this step.

With your own private jet, it is much more convenient to go anywhere, and the large 747 makes its journey like at home, without any fatigue, at most there is a little jet lag, but when you rest in place along the way, it is actually just It takes a day or two to get used to it.

As long as there are such incidents on the road more than ten days a year, the plane bought for tens of millions of dollars is very cost-effective. For Chen Zhiwen, who is worth tens of billions, it is absolutely cost-effective to buy time with money.

On April 4th, Chen Zhiwen came to New York City. Henry Morgan went to the arcade in person and took him to the Hilton Hotel in New York City.

"When you proposed to acquire Disney, Hilton Hotel also wanted to befriend you, and entrusted me to bring you here. The admission to the President Hotel is free." Henry Morgan said with a smile.

"Oh, what does the Hilton Hotel have to do with Disney?" Chen Zhiwen asked curiously. He can't say that he has no interest in the hotel industry, but he can't say that he has much interest. It was just to let the Hilton Hotel Group take over the management rights of Hong Kong. Selling it to him, if he is interested in international hotel chains, he may take this opportunity to attack the entire Hilton.

But obviously, a hotel chain with a very limited future is far inferior to Costco, Best Buy or Disney in the United States. Unless after many years, your own capital is too large to invest, then you can consider it.

"Disney is also the most well-known entertainment company in the United States. General hotel chains actually need some extra fame to sell themselves. Normal behavior, you don't have to care too much. It's okay if you don't want to pay attention to them. It's just a hotel. No commitment is required. Their love." Henry Morgan said after sitting down.

"Then I'll pay for it myself." Chen Zhiwen shrugged and said, he didn't want to owe others for no reason.

"Let's talk about the business, Disney and the White House have verbally agreed, and we'll inquire again. President Reagan doesn't have a strong sense of belonging to Disney, and some congressmen don't seem to care too much, but this is just a statement now. , The two sessions of the United States like to dismantle the stage the most. If the business acquisition letter is formally submitted at that time, someone may come out to fix the matter, but don't worry, as long as there is no problem in the procedure, at most it will be enough to delay time and spend more energy and funds. "Henry Morgan said.

"Then what did Disney's board of directors and management say?" Chen Zhiwen asked. In fact, there was no need to think about it. When it was finally finished, someone from the US government would definitely jump out and make trouble. This was not a conflict with Chen Zhiwen, but for their sake. own political future.

Opposing a big controversial takeover, especially with Disney on one side and foreign capital on the other, can give the person who comes forward a lot of exposure, and regardless of the outcome, he can gain a reputation so that he can later run for a more senior position , it is easier.

This is the case with many routines in the United States, and the use of major commercial events such as acquisitions is only one of them. The most common issues are environmental protection, war, charity and other issues.

"Disney's board of directors basically agreed. Some of them have lost confidence in Disney, but it is difficult for the major shareholders to cash out and leave. Your acquisition is an opportunity, but these people have to look forward to it. It may be that you are worth a lot. A little bit." Henry Morgan said: "As for the management, many members of the Disney family disagree, and you know what they think. Once you take over Disney, they will definitely leave."

"That's necessary. At worst, give them a sum of compensation, and all members of the Disney family must leave." Chen Zhiwen nodded and said.

If it is an ordinary management, even if it is a waste, as long as it does not affect the acquisition plan, then Chen Zhiwen can stay, at worst, he will spend two years to support him and then kick him out.But Disney’s family members are not good. In the company, these people have too much influence, and they can even be said to be a certain spiritual pillar. If they stay in the company, they will not be able to gain absolute control.

Although Disney in the future will definitely not intervene much, and will still hand it over to professional managers to manage, but it must be obedient, and you can delegate power, but you must be able to take it back. The entire Disney family does not know how deep it is in the company. It is absolutely not allowed to stay, otherwise it may become a big problem in the future, hindering some of Chen Zhiwen's plans.

"I understand that you do this, but you need to spend more time talking with them." Henry Morgan nodded and said: "You have to know, their family is not short of money."

"If I refuse to leave, I can only take a large share of the equity first, and then deprive them of management rights. But if this is the case, there will be some troubles in the future. It is better to negotiate as much as possible." Chen Zhiwen said with a frown , Acquiring such a large family business, how to deal with the original family is indeed a headache, and many acquisitions are also stuck here.

"Then I can only point out that if the Disney family doesn't withdraw from the company, this acquisition will be over. Anyway, we haven't started on a large scale yet, and you will only lose tens of millions of dollars, which is a drop in the bucket for you. said Henry Morgan.

(End of this chapter)