My 1999
Chapter 375 Standard Chartered Shareholders Meeting
Xu Liang and Qiu Jia are the two largest shareholders of Standard Chartered Group, holding 16.8% and 14.9% of Standard Chartered's equity respectively, so they sit at the front.
In comparison, third-place BlackRock only held 7.4%, and fourth-place Fidelity Investments held 5.3%.
The remaining shareholders are basically less than 1%.
Equity is very dispersed.
As time passed, the entire conference room was almost full.
When Standard Chartered CEO John Humphrey appeared with Standard Chartered's management and the entire board of directors, he also announced that Standard Chartered's 2002 shareholders' meeting had officially begun.
John Humphrey, who was sitting in the center of the rostrum, glanced at the crowd, stayed on Xu Liang for a few seconds, and then cleared his throat.
"Dear shareholders, welcome to the 2002 Interim Shareholders Meeting of Standard Chartered Group.
In the past six months, with the support of shareholders and the efforts of the management, Standard Chartered Group has achieved brilliant results.
In the second quarter of 2002, Standard Chartered Group generated net revenue of US$2.64 billion.
in.
Corporate and institutional banking business generated revenue of US$2.355 billion, accounting for 45.83%.
Retail banking business generated revenue of US$891 million, accounting for 33.68%.
Commercial banking business generated revenue of US$277 million, accounting for 9.29%.
Self-operated and other businesses generated revenue of US$316 million, accounting for 11.2%. "
Standard Chartered Bank's main business is credit and wealth management, and does not involve investment banking.
"The net profit margin was 18.4%, which was US$485 million; basic earnings per share was US$0.85; total assets were US$273.174 billion, and total liabilities were US$258.8 billion..."
Listening to the 2002 interim report of Standard Chartered released by John Humphrey, the results were better than expected.
Standard Chartered's operations are also relatively healthy and it is a very high-quality asset.
After the release of the interim report, it’s time for the critical board election.
With the support of Standard Chartered's board of directors and management, and the fact that Xu Liang himself is the major shareholder holding 16.8% of Standard Chartered's shares, the matter of two board seats seemed calm and easy to win.
Standard Chartered Bank arranged a luncheon to entertain shareholders.
As a newly appointed director, a major shareholder of Standard Chartered, the founder of Hongmeng Company, and a famous investor, Xu Liang is not a celebrity here, but there are many people who want to know him.
"Hello, Mr. Xu."
Looking at the middle-aged white man who came to him, Xu Liang smiled and shook hands with him.
"Hello Mr. Olson."
John Olson, senior vice president of Fidelity Investments, is also a representative of Fidelity Investments at the Standard Chartered Bank shareholders meeting.
"I heard that Hongmeng is preparing for Series B financing. I wonder if Fidelity has a chance to participate?"
"As long as the price is right, Hongmeng welcomes investment from any institution. But Hongmeng has no plans to start Series B financing yet, so Mr. Olson is afraid he will be disappointed." Xu Liang said with a smile.
"Really? But as far as I know, the price of Vivendi games is not cheap, and there is competition from gaming giants such as Microsoft and Sony. If you want to acquire Hongmeng based on its revenue alone, I'm afraid the chance is slim." John Olsen laughed.
Glancing at him, Xu Liang smiled and said, "Mr. Olson is very well-informed."
John Olson shrugged slightly, "Now the whole of Europe is staring at Vivendi, thinking about taking a piece of meat from this bloated beast. As an industry leader, Fidelity naturally pays more attention. "
Xu Liang nodded and smiled: "As far as I know, Fidelity seems to be a shareholder of Vivendi as well?"
There was a hint of gloom in John Olson's eyes.
As the world's leading asset management institution, Fidelity Investments has shares in most large companies in Europe. Vivendi's share price trend has been very beautiful in the past few years thanks to its repeated acquisition strategy, so Fidelity is investing in it. A lot of bets were placed on him.
Unexpectedly, the belly of this amazing beast was full of rotten meat.
By the time they reacted and wanted to quit, it was already too late.
As of now, Vivendi's share price has fallen by nearly two-thirds, and Fidelity's investment has suffered a huge loss.
"Fidelity is indeed a shareholder of Vivendi, and we can help a little bit with Hongmeng's acquisition of Vivendi Games," said John Olson.
Xu Liang smiled and nodded.
"If this is the case, Hongmeng will not be stingy in expressing its gratitude to Fidelity Investments."
The two looked at each other, smiled, and clinked their glasses.
We are all smart people, and some words need not be said too clearly.
Without appropriate benefits, don't even think about getting benefits.
After John Olson left, Qiu Jinshan came over.
"Mr. Xu."
"Brother Qiu, we are all old friends. There is no need to be so polite. Just call me Xu Liang."
Seeing his enthusiastic look, Qiu Jinshan cursed in his heart.
"This is the second time we've met, okay? We don't know each other very well at all."
Despite this thought, his tone was still very polite.
"Then I'm not welcome. ...Brother Xu, I have found a few villas on Nathan Road for you during this period. When will you go to Singapore to have a look?"
And my father has been talking about you, and if I come to see you this time, I must invite you to visit our Qiu family again. "
"It's rare that Mr. Qiu attaches such importance to him. I will definitely visit him again when I have some free time. As for the villa, Mr. Qiu sent me the information. I will take a look at it first. If I am satisfied, it will not be too late to conduct an on-site inspection." Xu Liang said with a smile.
Qiu Jinshan nodded, "That's fine."
After finishing his words, he glanced at Xu Liang's expression.
"Brother Xu, I heard that you visited the Li family when you were in Xiangjiang a few days ago, and then Li Jiacheng invested US$100 million in your Kunpeng Fund?"
Xu Liang's lips curled up, he guessed that Qiu Jinshan would ask this question.
The connection between the Qiu family and Xiangjiang is so close that even the slightest disturbance cannot be concealed.
The Li family suddenly invested US$100 million in Kunpeng Fund. Although not much was known to the outside world, it caused a huge wave among Hanhua's customer base.
There is no need to doubt Li Jiacheng's talent, and Xu Liang's investment ability is also evident to the naked eye.
The actions of the two people shocked many people.
Everyone began to guess, was there some inside story that they didn't know about?
Qiu Jinshan is one of the curious people.
"Brother Qiu is well-informed. This is indeed the case. Mr. Li is very interested in Kunpeng Fund and took the initiative to invest US$100 million." Xu Liang said with a smile.
"Brother Xu, as far as I know, Mr. Li Jiacheng is a very cautious person. How did you convince him?"
Seeing that he was asking for answers, Xu Liang didn't have much to hide.
"It's the same as what I said at the Qiu family."
"real?"
"How about I swear a poisonous oath and show it to Brother Qiu?"
"No, no, brother, it's too serious. I'm not doubting your words, I just find it a bit unbelievable." Qiu Jinshan waved his hand quickly.
"Brother Qiu, investing differs from person to person. Some people are bolder and can withstand failure, so they want to make a big bet; some people are more cautious and don't want to take such a big risk, so they put in less money. , none of this matters.
But hesitation and hesitation are taboos.
This kind of person is most likely to miss opportunities.
As the saying goes in our hometown: Even eating shit can’t keep up with the heat.
The words are rough but the reasoning is rough, Brother Qiu, please bear with me. I still have something to do, so I won’t accompany you. "
After patting Qiu Jinshan's forearm, Xu Liang turned around and walked away with the wine glass in hand.
Looking at his back, Qiu Jinshan's expression changed.
After learning that Li Jiacheng had invested US$100 million in Kunpeng Fund, he immediately told his father the news.
Unfortunately, after hearing this, Qiu Deba rejected his proposal for additional funds after considering it for a while.
He was confused and asked.
My father only said that the risk was too great and he did not want to invest.
But he was a little unwilling.
Figures like Li Jiacheng invested US$100 million, and after this incident was exposed, many wealthy families in Hong Kong, as well as overseas financial institutions, added additional funds.
Although not as many as Li Jiacheng, there are quite a few with over 50 million US dollars.
So he also wanted to add more, but his father's obstruction and his own concerns about the risks prevented him from really making up his mind until now.
This time I attended Standard Chartered's shareholders' meeting and met Xu Liang, so I couldn't help but ask about it.
The results were unsatisfactory and no particularly useful information was obtained.
He hesitated for a while.
"Let's add another $10 million."
Hesitate a moment longer.
"It's still 5 million. I can bear the loss. ... However, if I have to make a profit, wouldn't I make too little?"
Qiu Jinshan was entangled again.
At the Standard Chartered luncheon, Xu Liang became the person many people wanted to make friends with.
In this world, who is the most worthy of fawning over?
Not a powerful person, not a rich man, but the God of Wealth.
The reputations of Hanhua Capital and Qinglong Fund have spread to the world’s top wealthy circles.
As the founder and trader of Hanhua Capital, Xu Liang has naturally become a guest of the rich.
Xu Liang would not refuse everyone's friendship.
All basic phone numbers have been left.
After this circle was completed, the London branch of Hanhua Capital had its first batch of seed customers.
Wait until lunch ends at 2pm.
Xu Liang was invited by John Humphrey to the headquarters of Standard Chartered.
"Mr. Xu, please sit down."
"Thanks."
Humphrey's assistant brought over coffee.
After saying 'thank you', Xu Liang simply took a sip.
"John, how are you considering the mortgage loan I mentioned before?"
"Xu, the loan ratio of 90% is too high, we can only accept 80%." John Humphrey said seriously.
Xu Liang frowned slightly, "Can't we increase the interest rate?"
John Humphrey shook his head.
"Xu, all loans of Standard Chartered must be evaluated by the risk control department. If it fails, even if I, as CEO, cannot enforce it, this is Standard Chartered's system.
This is also the reason why Standard Chartered has been able to stand firm and continue to grow and develop over the past century. "
Seeing John Humphrey's firm attitude, Xu Liang hesitated for a while and did not insist anymore.
Time is now very tight and he must get the loan as soon as possible.
Although I didn’t get the ideal 90%, 80% was quite a lot.
If he was not a major shareholder of Standard Chartered, he probably wouldn't even get 80%.
"Fortunately, Yahoo! Japan's stock price has risen a little during this period, which can make up for it a little." Xu Liang said.
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