The Industrial Giant Reborn.
Chapter 615 The Rise of Da Liu
"Hahaha, I didn't expect you, Mr. Chen, to succeed so quickly." In the Kangle Building, Bao Yugang sat on the sofa opposite Chen Zhiwen, drinking tea and saying with a smile.
"It's a big price to pay, otherwise Rice Bank wouldn't have retreated so easily." Chen Zhiwen said with a smile. Although it was a good deal for himself, Rice Bank did make almost two to three billion US dollars more, but compared with If I can acquire Standard Chartered Bank, this little money is nothing. After all, if I launch an acquisition alone, I won't necessarily succeed. Even if I succeed, I'm afraid I won't spend so much money. When it comes to acquisitions, you will definitely need to spend a little more money.
"It's worth it if you can get it. With your previous shares in Lloyds Bank, you already control 34% of the stocks. However, it's not enough to completely win over Standard Chartered Bank. Unfortunately, I I signed an agreement with Standard Chartered management and cannot support you," Bao Yugang said.
If you want to completely overthrow the existing management, you need at least 51% of the voting power and 34%, which can only be said to be a veto power. However, at this level, if you spend more time and slowly grind, you can finally succeed. This is Hong Kong After so many years of experience, there has never been a failure unless the British government intervenes.
"Don't do this kind of thing, just follow the contract." Chen Zhiwen shook his head and said: "This is not good for your reputation. At this point, I can use other methods to solve this matter."
Standard Chartered Bank took the risk to find Bao Yugang because it actually wanted to take a gamble. At the beginning, Chen Zhiwen actually had no intention of letting Bao Yugang default. This would make him passive. If he really couldn't convince Lloyds Bank, then Let’s wait until 2 years later. Anyway, if you spend more money slowly, you will win in the end. The capital level is completely two levels. Especially after his capital comes out of Japan, if the US government does not interfere, he may be able to acquire it. Citibank is not a problem.
"Then what are you going to do? If you continue to acquire, will the acquisition invitation be triggered?" Bao Yugang asked curiously. If the acquisition offer is really triggered, then a full acquisition will be necessary, and the cost will be higher than the previous highest stock price. Gao, even if Chen Zhiwen has so much money, it is not cost-effective. If he gives up after triggering the trigger, the acquisition will be a complete failure, because from a legal perspective, for such a thing, it is judged to give up the acquisition, thus depriving him of the acquired equity. , stock rights can only be restored after two years.
"That's not true." Chen Zhiwen shook his head and said, "I'm not going to take action anymore. I'm already a major shareholder and have veto power. Naturally, both the board of directors and the management should have my people. I'm going to Transfer the senior management of Standard Chartered Bank in Hong Kong to the UK and let them fight internally."
Chen Zhiwen has a good relationship with the management of Standard Chartered Hong Kong. When they were preparing to acquire Standard Chartered in the early days, the management of Standard Chartered Hong Kong knew about it and cooperated with Chen Zhiwen. In exchange, Standard Chartered Bank will naturally reuse them in the future and even become the top management of the entire bank. management. Now that they have the support of a veto, they can naturally use their abilities more effectively.
"I see." Bao Yugang nodded and said, "It's really good not to be impatient or impatient. You are now the major shareholder, and with the support of some management, it is only a matter of time before you defeat the existing management. It is indeed unnecessary. To spend more money."
"Yes, but it just takes some time." Chen Zhiwen said with a smile.
"It's nothing. Mr. Chen, your previous acquisitions of Hutchison Whampoa and Land were so smooth. In fact, acquisitions that lasted for several years are the norm." Bao Yugang said: "This is basically the case everywhere in the world."
"That's true." Chen Zhiwen nodded and said. In the original history, it took more than two years for Pao Yugang to acquire Wharf. Li Jiacheng acquired Hutchison Whampoa, even if it was acquired from HSBC, there was no competition. , and spent more than half a year in various negotiations. Only a few of his acquisitions were exceptions. Because he knew the future, he dared to be ruthless. However, even so, the preparation time before each acquisition was also very long.
"Just wait. This is the safest thing. Otherwise it will be too ugly. If the British government intervenes, it will not be good." Bao Yugang said again.
"Well, that's right." Chen Zhiwen said: "Sheng Bao, you said you wanted to manage the bank before. How about after I get the management rights here, I will hand over the business of Wanwan to you to manage?"
"How is this good? The previous deal was for me to help you from behind, but now it seems that it is no longer necessary?" Bao Yugang said.
"It doesn't matter. We don't need to be so particular about words between us. Besides, you are also a shareholder of Standard Chartered now. It is normal to be managed by a small place. Many companies also do this, and shareholders join the company." Chen Zhiwen waved his hand. said.
"Okay, thank you very much. I also want to be a banker." Bao Yugang laughed.
"Okay, then let's wait for the news from the UK." Chen Zhiwen said with a smile.
Standard Chartered's stock price plummeted in half immediately after Rice Bank announced that it had transferred its shares. However, it is still much higher than before Rice launched the acquisition. The market is still waiting to see whether Chen Zhiwen, who has already obtained the shares, will It will not go any further and trigger a takeover offer. However, a week later, there was no further movement from Hong Kong capital. At the same time, some senior executives of Standard Chartered Bank's Hong Kong branch were suddenly appointed to represent Chen Zhiwen, the major shareholder. The news that Britain was involved in the management of Standard Chartered's headquarters became the straw that broke the camel's back. Standard Chartered's stock immediately began to plummet, basically returning to its previous stock price. It might be a little higher, but there was no qualitative difference.
There are no Chinese among the more than 20 British ghosts who went to the UK from Hong Kong. They were all specially selected by Chen Zhiwen. As an international company, it would be outrageous to use Hong Kong Chinese in a place like the UK. As long as they can work for themselves, Europe and the United States There is actually no difference between people in Japan, South Korea and China. The British go to the British headquarters to quickly control the situation, and then compete with the local management for the right to speak. When they really master Standard Chartered Bank, they will slowly try to integrate the national management business. , moved to Hong Kong. This process will take several years or even ten years. If you don't rush it, if you rush it too much, you will cause problems and affect the company's business. Anyway, it is your own, so just take your time.
September has quickly arrived. A major event occurred in the global electronics market this month. The United States officially signed the "Japan-US Semiconductor Agreement", which contains many contents. The core point is to impose taxes on Japanese semiconductors. The tariff will exceed 9%. Companies that use Japanese semiconductors will also be subject to a certain degree of additional tariffs if their goods are exported to the United States.
According to some information from Chen Zhiwen, the United States had actually started planning this treaty with Japan as early as 1984. Just like last year's Plaza Accord, it was negotiated between the United States and Japan. This is similar to: I want to eat your meat, let’s discuss where to eat it!
But there is no other way. Japan can only agree and dare not even fart in the future. Starting from textiles in the 60s, steel and home appliances in the 70s, cars and chips in the 80s, Japan started from beginners in these fields. Then he beat the teacher in turn, but the teacher had a weapon in his hand, so he beat him up in return. In his childhood, he could only grit his teeth and sign such an agreement.
It can be said that the root cause of Japan's economic decline, in addition to crazy real estate, is also one of the important reasons, because the United States no longer abides by free trade. Anyway, when the United States is strong, we need free trade. When the United States is weak, it is anti-dumping. . Europe, Japan and even South Korea have all experienced similar things. Although they are still developed countries, they could have lived a better life. However, there is only so much global wealth. When the total pie does not grow bigger, they can only maintain a part of it. If people live a high-quality life, and other countries rise, the United States will inevitably pay the price. This logic will be common decades later.
Starting this year, Japanese semiconductors are about to completely decline. Without the largest U.S. market, high investments cannot be repaid in the short term, resulting in a long iteration cycle, while competitors are seizing opportunities. began a counterattack. Among them, the most successful one was naturally Samsung. Although Samsung’s success was also achieved by taking the initiative to defect to the United States, in any case, there were so many companies that wanted to rely on the United States to win the semiconductor industry. In the end, Samsung succeeded.
Chen Zhiwen cannot interfere in such international events, nor does he want to touch them. He can just use these things to do his own thing. However, he did not take advantage of the opportunity to acquire shares of Samsung, because the development of Samsung in the future will not be as good as before. It was not all smooth sailing. During the global chip glut in the late 80s and early 90s, Samsung used counter-cyclical price wars, and with the help of the Korean government and other capital, although it killed many players, it also suffered a serious loss in its own strength. The stock price plummeted and reached its peak in the mid-90s. However, the Asian financial crisis a few years later completely destroyed the Korean economy and Samsung became a subsidiary of the United States. After that, it took off.
From an economic point of view, it was most appropriate to invest in Samsung around 98, but it could only be a moderate amount. It was impossible to occupy a major shareholder. If the United States did not get more than half of the shares, it would not allow this company. If the company becomes an electronics overlord in the 21st century, Chen Zhiwen can only invest appropriately. However, given Samsung's future scale, even this appropriate amount will earn tens of billions of dollars in profits.
Of course, that is for the future. For now, what Chen Zhiwen needs is for TSMC, which he invested in, to develop faster and better. This does not mean that it must defeat Samsung, but that it can become the second largest player in the electronics field. Level, it doesn’t matter if it can’t compare, but it can still be Midea’s second choice.
Fortunately, Zhang Zhongmou has the ability and Chen Zhiwen has the funds. In the early days, TSMC relied on orders from Midea. Now, it has begun to accept OEM orders from other electronic companies. When it comes to the high quality and efficiency of its personnel, the Chinese are no less than In the early days, the three East Asian countries were essentially similar. After the 19th century, it was only this region that could rise and rival the European and American countries that had established the world system. Other countries, such as Brazil, Argentina, and Mexico in South America, , India, etc., even if they have not suffered a world war and even if they are accepted by the Western system, in the end they still cannot develop.
Don’t go too far, as long as we can guarantee enough chips for Midea in the 90s. As for what will happen to TSMC after the 21st century, no one can control it. Unlike Samsung, TSMC’s changes are really too big. too much.
Although Hong Kong can be said to be a large base for the electronics industry, it mainly relies on Midea, and most of them are simple assembly industries. Such major events in the global electronics industry will actually have little impact here. Everyone The main focus is still on real estate speculation and opening a factory. How can it be easier and more profitable than real estate speculation? The former has to work hard to manage, maintain customer relationships, and deal with various interpersonal matters, while the latter only needs to spend money to buy a house. , just wait for the value to appreciate and earn more. In this case, who is willing to torment themselves? If Chen Zhiwen traveled to 85 and had some capital, he would definitely choose real estate speculation instead of engaging in any industry.
In the history of Hong Kong, Liu Luanxiong, the only newly wealthy man who rose to prominence in the 80s, also began to withdraw from the fan manufacturing industry where he started, and turned to real estate and finance.
Zhou Jiayang also knew that this person was of great concern to his boss, so he reported it to Chen Zhiwen.
"This Liu Luanxiong attacked two medium-sized British-owned companies in the stock market?" Chen Zhiwen said in surprise after hearing this. He didn't expect this guy to be so capable. Sure enough, capable people can rise in any environment. , even if the history of Hong Kong has been changed beyond recognition by Chen Zhiwen, there are still many opportunities, especially the stock market.
"Yes, the operation method is very clever. After a while, he finally forced the two foreign banks to buy his own stocks at a high price, and easily made nearly 100 million Hong Kong dollars. It is probably because the profits far exceeded the electric fan company he worked so hard to run. , coupled with the existence of Midea, so we also entered the stock market and real estate." Zhou Jiayang said.
"Well, it's interesting. Let's arrange for him to meet me and say I'll treat him to coffee." Chen Zhiwen said with a smile. He could rise up in Hong Kong in the 80s and eventually become one of the top ten richest people. Such ability There is no doubt that, coupled with the reputation of "stock market sniper", such a person is still useful to Chen Zhiwen. However, with his current performance, it is estimated that it is impossible to work for others, but cooperation is still possible.
"What? Chen Zhiwen wants to see me?" Liu Luanxiong said in shock at the Aimeigao headquarters. (End of chapter)
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