My 1999
Chapter 336 Negotiation with Standard Chartered
"He will use public opinion pressure, but now we are taking the initiative and want to make us compromise with a few newspapers. They underestimate me too much."
After Xu Liang responded, "Zhu Xinli lion opened his mouth?"
"That's not true. He is still dragging us with the idea of buying back Huiyuan's equity. However, it can't be delayed for long. I will go to the capital in person during the meeting next Wednesday to adjust Huiyuan's management and put all the unsatisfactory things together. Kick out everyone who approves of us."
"The more times like this, the more necessary it is to cut through the mess with a sharp knife." Xu Liang said.
If others want to delay, the less likely they are to be given the opportunity to delay.
"Um."
"Do you need my help?"
"No need. I already have 51% of the controlling stake and if I can't handle it, then I'm too bad."
Qiao Yuhui is also a strong person at heart.
"Okay, I believe you. ...Also, when we come to the capital, we will have a meal together, just in time for my parents to meet you."
After responding, "I can buy whatever my uncle and aunt like, so I can buy it for them."
Sensing the anxiety in her words, Xu Liang smiled.
"Just buy some better tea for my dad and some skin care products for my mom."
"Where's the brand?"
"My mother usually uses Dabao. Are you going to buy her a Dabao?"
As he finished speaking, Xu Liang seemed to see Qiao Yuhui rolling her eyes on the other side of the phone.
How could it be possible to get something worth more than ten yuan from Dabao?
"So, you'd better choose carefully. If not, let Xu Mengnazi help you. This girl has nothing to do after the college entrance examination, and she also started tinkering with makeup."
"What girl doesn't love beauty? Hang up."
"Call me when you get to the capital so I can pick you up."
"Um."
After Xu Liang hung up the phone, he put on his coat and left the office.
"Mr. Xu."
Lu Hui hurriedly greeted him.
"Where are the people arranged?"
"Miss An's restaurant."
Xu Liang nodded and drove to Andrea's Western Restaurant.
With his help, Andrea's restaurant has expanded a lot compared to its original size.
Not only did he buy the courtyards next to him, but he also bought the courtyard behind.
The front restaurant has been expanded to more than 300 square meters, and the number of private rooms in the back has also been expanded to 24.
Including the private living area, the entire Andrea Western Restaurant has a construction area of nearly 3,500 square meters.
After parking the car, Xu Liang turned from the door on the left into the yard.
There are two kinds of private rooms in Andrea's restaurant, one is a large private room converted from a side room and the main room, and the other is a small private room on the second floor.
"You came?"
An Kaiyue, wearing a lavender embroidered cheongsam, came forward with a happy face.
Wearing beige high-heeled shoes, she has a slim figure and a charming charm.
Xu Liang smiled and hugged the waist that was worth holding.
"Has the room been arranged?"
"How dare I be careless about what you told me? Come with me."
An Kaiyue led the way and soon arrived at the main room in the left courtyard.
The main room and the side rooms on both sides have all been renovated.
It looks like the three rooms are about the same size.
Push through the middle room and enter.
It is decorated in a completely Chinese style, with four palace lanterns hanging above and a large round table below, surrounded by imitation classical armchairs, supplemented by porcelain and bronze embellishments.
The whole room has a clean and elegant feel.
"How about it?"
"Not bad, you designed it?" Xu Liang smiled.
"I don't have the ability to find a design company." An Kaiyue said.
Xu Liang was about to say a few words.
Lu Hui's phone suddenly rang.
After picking it up and picking it up.
"Mr. Xu, they are here."
Xu Liang nodded, "Go and lead them in."
"yes."
Lu Hui turned and left.
"Kaiyue, let someone serve the food."
An Kaiyue also knew that now was not the time to talk, so she nodded and left.
Not long after, Lu Hui led three white men, two men and one woman, in.
Xu Liang greeted him with a smile.
Extend your right hand.
"Mr. Hannon, we meet again."
Kevin Hannon shook his hand and smiled: "It is an honor to see Mr. Xu again."
After a pause.
"Let me introduce Mr. Xu."
He pointed at the bald middle-aged man wearing a gray Armani suit next to him.
"This is Mr. John Humphrey, CEO of Standard Chartered Bank. After he heard the news about Mr. Xu's cooperation with us, he took it very seriously and flew over from London in person."
Xu Liang stepped forward to shake hands.
"Mr. Humphrey, welcome to China."
"Mr. Xu's reputation has long been known even to me in Europe. It's a great honor to meet him this time, and I hope to reach new cooperation with Mr. Xu." John Humphrey said with a smile.
"I have the same expectations."
After everyone said hello, they entered the restaurant under Xu Liang's greeting.
After the guests and hosts were seated.
The service staff who received the order quickly brought tea and cakes.
It didn't take long, and plates of exquisite dishes were served like water.
The rotating glass countertop in the middle was quickly filled.
The fragrant aroma also attracted the eyes of the three foreigners.
"Mr. Humphrey, Mr. Hannon, Ms. Kenny, these are the most classic dishes in our Chinese capital. Please try them."
"Chinese cuisine is extensive and profound, and I loved it very much when I was in the UK." John Humphrey said with a smile.
"Then everyone should eat more."
"please."
"please."
Xu Liang picked up his chopsticks and greeted everyone to eat.
Everyone chatted while eating, but nothing specific was involved.
Wait until the meal is almost done.
Xu Liang called everyone to the rest area next to him, drank tea and got down to business.
"How has Mr. Humphrey considered Hanhua's cooperation initiative?"
Humphrey's eyes moved slightly and he put down the tea cup in his hand.
"Mr. Xu, we at Standard Chartered are very sincere in cooperating with Hanhua, but the requirements for purchasing 20% of the shares and 3 board seats at market price are too high, and we really can't meet them.
Moreover, the board of directors will not agree. "
Xu Liang smiled faintly, "In that case, why would Mr. Humphrey have to travel all the way from London to China?"
Humphrey smiled and said: "Mr. Xu, don't be angry. As I said, we at Standard Chartered are very sincere in cooperating with Hanhua. We just need Mr. Xu to lower his conditions slightly."
"Lower? Don't know how to lower it?"
"10% of Standard Chartered shares and a board seat."
Xu Liang smiled and said, "Mr. Humphrey, with 10% of Standard Chartered's equity, according to your company's director selection method, it should be easy to win a seat on the board of directors.
In contrast, with Hanhua's exclusive cooperation rights, you can earn hundreds of millions of dollars or even more in net profit every year without doing anything.
That's not how business works. "
"Mr. Xu, in addition to equity, we at Standard Chartered Bank can also cooperate with Hanhua in financing. Especially in terms of loans, we can give you the lowest interest rate in the industry."
This condition made him a little excited.
Qinglong Fund’s two phases of investment were both leveraged. If the interest rate could be lower, it would indeed slow down their costs and amplify their returns.
After Xu Liang thought about it for a moment, he asked, "How much can you give me?"
Seeing his heartbeat, John Humphrey smiled and said: "50 basis points."
Generally speaking, 1% is one hundred basis points, and 50 basis points means that the financing interest rate has dropped by 0.5%, which is indeed a lot.
"Where's the base?"
Xu Liang asked.
This is the key.
If the loan interest rate of 10% is minus 0.5%, it is still higher than 8%.
"5.3%," said John Humphrey.
Xu Liang felt disappointed.
"Mr. Humphrey, do you know the interest rate Morgan Stanley gave us for the second phase of Qinglong Fund Financing?
4.1%.
So I have no reason to choose you. "
John Humphrey frowned and cursed in his mind: "Damn Yankees."
The U.S. dollar is the world's common currency. When the Federal Reserve's federal funds rate dropped to 1%, bank loan interest rates also dropped, and huge amounts of U.S. dollar green paper flowed around the world.
But Standard Chartered Bank is not a U.S.-funded bank. Their interest rates for deposits and bank lending rates are higher than those of U.S.-funded banks.
Therefore, it is impossible to give Xu Liang a lower interest rate.
Otherwise, they will really lose money and make a profit.
"Mr. Xu, please believe it. The profit concession of 50 basis points is our greatest sincerity."
"Mr. Humphrey, I believe in your sincerity, but I still prefer to cooperate with institutions with lower interest rates. So, I am very sorry." Xu Liang said.
"Mr. Xu, we at Standard Chartered have been operating in emerging markets for many years, and we also have very deep connections in the European market. We can help Hanhua in terms of corporate mergers and acquisitions and investment."
This is obviously Qian Lvji's answer.
Xu Liang smiled lightly, "Mr. Humphrey, I still prefer real cooperation that can be implemented in the contract."
The meaning is very simple, I like cash, don't play tricks on me and fool me.
Looking at the helpless Xu Liang, John Humphrey couldn't help but sigh in his heart.
Unless he had to compromise on equity and board seats, he really couldn't think of any other better terms.
Seeing that the negotiations had reached a deadlock, Kevin Hannon, who had been silent for a long time, spoke.
"Mr. Xu, why don't we just stop here for today's negotiation, and we'll go back to discuss it later."
Xu Liang also knew that they needed internal communication, so he nodded.
"certainly."
Everyone stood up.
"Mr. Xu, let's take our leave first."
"I'll see you off."
Send the three people outside the door and watch them go away.
"Mr. Xu, they are so determined. It seems difficult to agree to our conditions." Lu Hui said.
"This is just the beginning, so it's not easy for them to regress. However, seeing that John Humphrey did not hesitate to fly over to meet with me in person, they obviously also hope to reach cooperation with us.
Communicate more and test the bottom line of both parties clearly, and the contract is almost ready to be signed. "
Xu Liang is more confident about this cooperation with Standard Chartered.
"Um."
Lu Hui responded.
"It's getting late, you should go back and rest early."
"OK."
After sending Lu Hui away, Xu Liang returned to the courtyard behind.
This is a two-story courtyard house with an area of 300 square meters. After buying it, it became An Kaiyue's residence. He would occasionally spend the night here.
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