Rebirth of the Strongest Tycoon
Vol 3 Chapter 729: Standard Chartered Bank acquisition plan changes
"Wing Lung Bank is going to be listed?"
Xia Yu raised his brows, murmured in his mouth, thinking in his head.
He remembered that Wing Lung Bank was a medium-sized bank in Hong Kong, and it was not too high among medium-sized banks. The bank was under the control of the Wu Yi Sun family.
However, Wing Lung Bank has a relatively solid foundation. It has been established for more than 40 years. There is a 25-story building with an area of more than 145,000 square feet in the middle of Des Voeux Road in the Central and Western District of Hong Kong Island.
And in 1975, a bank center was built on Nitton Road in Mong Kok. The building is 300 feet high and has 25 floors, with a total area of more than 245,000 square feet.
It can be said that the current buildings are better than those of Jiuding Bank.
It seems that the former Wing Lung Bank was later wholly acquired by China Merchants Bank for more than 30 billion Hong Kong dollars, and the bank's total assets reached more than 20 billion US dollars.
Generally speaking, although Wing Lung Bank is only a medium-sized bank, it is a high-quality bank with very stable development.
With the good conditions for listing, it is no wonder that Standard Chartered Bank wants to promote its listing.
It's just that although he had known it before, Xia Yu's memory was a little fuzzy, and he asked Wang Qi.
"In what year did Standard Chartered Bank become a shareholder of Wing Lung Bank? What is the shareholding ratio?"
Wang Qi apparently had done related work before, and immediately replied: "Standard Chartered Bank acquired a stake in Wing Lung Bank in 1973 and now holds 20% of the shares."
After finishing speaking, Wang Qi added again: "Originally, when Jiuding Bank did not rise, HSBC and Standard Chartered Bank were fighting, but after the rise of Jiuding Bank, it caused a certain impact on Standard Chartered Bank. The influence is weak, so Standard Chartered plans to list Wing Lung Bank to increase the influence of Standard Chartered Bank."
“The customer base of Standard Chartered Bank overlaps with HSBC, and the overlap with Jiuding Bank is smaller. So it is mainly to compete with HSBC. For Wing Lung Bank’s listing, Standard Chartered does not agree to let HSBC be the underwriter. The stock price came to us."
"Although Standard Chartered has some opinions, the Wu family is already dissatisfied with Standard Chartered's stopping them from looking for HSBC as an underwriter, so due to circumstances, they did not stop it."
Xia Yu nodded slightly, understanding what the Wu Yisun family did.
For any company to go public, it must find a strong brokerage or financial company as its stock underwriter, so that the stock price can be made as high as possible, and the confidence of stockholders can be strengthened so that the company can maintain a high stock price after listing.
At this time, Jiuding Securities Co., Ltd. is the securities company with the strongest strength and influence in HeungKong. It underwrote many companies before and after the listing, and achieved good results. The reputation is quite good. It is not surprising that Wing Lung Bank came to the door.
It was a good thing that Wing Lung Bank came to the door, which proved that Jiuding Securities had a good reputation. They came to send money, and Xia Yu could not be turned away.
It's just that Wing Lung Bank has achieved a high stock price after its listing. As one of the major shareholders, Standard Chartered Bank will definitely benefit from this, which will drive the stock price of Standard Chartered Bank to rise.
This made Xia Yu frown instead.
Because when he was in London in May, he had already made a two-year plan to acquire Standard Chartered Bank and Royal Bank of Scotland.
At this time, Bright Fund has already started. If the stock price of Standard Chartered Bank rises, it will inevitably increase the cost of acquisition. The profit earned from the underwriting of Wing Lung Bank’s listing will definitely not be as good as the increased acquisition cost, and overall it will be a loss.
Moreover, the listing of Standard Chartered Bank's stock price and the expansion of its influence will have a certain impact on his acquisition plan.
It's just that since Wing Lung Bank has started the listing process, he can't stop it at all. Even if he does not let Jiuding Securities Co., Ltd. underwrite, Wing Lung Bank can also find other brokers.
Some headaches.
Xia Yu took a sip of tea, closed his eyes and thought.
Seeing the strangeness of the chairman, Wang Qi realized something was wrong, and quietly pondered what went wrong.
"It seems that the plan has changed a little bit, and we have to do both ends!"
For a long time, Xia Yu's brows eased, and a thought flashed in his mind.
Bright Fund is far away in London, starting from the secondary market, because Standard Chartered Bank was listed in London.
However, Standard Chartered Bank has been in Hong Kong for so long, and many of its shares have been dispersed to many British and Chinese comprador families in Hong Kong. It is unrealistic to expect them to sell their stocks to the exchange.
Therefore, the best way is to trade privately and unknowingly purchase the shares of Standard Chartered Bank in your own name.
However, it is really inappropriate for Jiuding Securities to do it. The goal is too obvious and it is easy to cause trouble. Standard Chartered Bank is wary.
The best way is to get other people to come forward, and Jiuding Securities will sign an agreement with it in private so that the other party will buy and hold it on behalf of the offspring, and wait until a critical time to gather a fatal blow.
It's just that you need to make a rigorous plan, and you have to communicate well with the Bright Fund to avoid problems inside yourself.
Thinking of this, Xia Yu decided to tell Wang Qi the plan of the Bright Fund.
"Wang Qi, I made the Bright Fund in London..."
"You go to communicate with George Berkeley, and you will make a rigorous plan on your side to coordinate the acquisition of Standard Chartered Bank in the most secure way."
Before Wang Qi had no idea that the chairman was still playing Standard Chartered Bank, he suddenly heard this task and felt the blood surge in his heart.
Standard Chartered Bank, holding the right to issue notes in Hong Kong dollars, is an old Hong Kong giant bank. If it can be acquired, the strength of Jiuding Financial Group will increase sharply, which will greatly benefit Jiuding Securities.
And Jiuding Bank + Standard Chartered Bank can instantly surpass HSBC in Xiangjiang and become the financial hegemon of Xiangjiang.
This kind of important task was entrusted to him~www.ltnovel.com~ and he felt a heavy sense of trust and responsibility.
He nodded heavily and said solemnly, "Chairman, I will do my best to complete this work."
"Well, this is the phone number of the general manager's office of the Bright Fund. You can call George Berkeley directly. I will say okay to him and you will contact him then."
With that, Xia Yu took out a pen and paper and wrote a phone number on it.
Wang Qi solemnly accepted, "Okay."
At this moment, a knock on the door sounded: "Tok!"
"General manager, are you there?"
Xia Yu and Wang Qi in the room stopped talking. Looking at Wang Qi's questioning eyes, Xia Yu nodded slightly.
Wang Qi said in a deep voice, "Come in!"
As soon as the voice fell, the door opened, revealing a young man in his twenties.
The young man did not expect Xia Yu to be there, and immediately said hello: "Hello, chairman, general manager!"
Xia Yu nodded with a smile. The young man walked in confidently and presented the documents in his hands to Wang Qi and said, "General Manager, this is an action plan made by our team."
"Well, put it here, I will look for you after I finish reading it!"
Wang Qi said.
"Ok!"
The young man responded softly, then smiled at Xia Yu and nodded, preparing to leave the office.
Just as the young man was about to walk out of the office, Xia Yu, who felt the more familiar with this man, suddenly said, "Wait, what's your name?"
The young man was stunned and happy, and immediately replied loudly: "Back to the chairman, my name is Yuan Tianfan."
"Yuan Tianfan?"
Xia Yu's pupils shrank slightly, and he looked at him up and down. The appearance of Yuan Tianfan from the previous life appeared in his mind. It was very similar. The only difference was that Yuan Tianfan was very young and full of vigor.
PS: It seems to be a double monthly ticket starting on the 28th, ask for a ticket at the end of the month!
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