My 1999

That year, the central bank approved China Guangdong Development Bank to establish branches in Beijing, Jinling, Hangcheng, Chuncheng and Dalian.

Together with the previously opened Zhengzhou branch, it laid the foundation for Guangdong Development Bank's nationwide network layout.

By the end of 2003, the balance of Guangdong Development Bank's loans outside the province exceeded the balance of loans within the province by 50.12%.

By the end of 2004, Guangdong Development Bank had 26 branches and more than 480 business outlets across the country, with total assets reaching 344.5 billion yuan, various deposit balances of 300.5 billion yuan, and various loan balances of 215.7 billion yuan.

This is the current background of Guangdong Development Bank.

This bank, which has the worst financial situation among its peers and the highest non-performing asset ratio, is the reason why it has surpassed joint-stock banks such as Bohai Bank, Minsheng Bank, and Hua Xia Bank to enter Standard Chartered's field of vision.

The main reason is that in order to change the current situation of Guangdong Development Bank, it was decided that existing shareholders should use all the capital reserves and surplus reserves accumulated over the years to make up for losses.

The shareholding amount will be recalculated based on the ratio between the original purchase price and the purchase price of newly introduced investors based on the shares held by the company.

The original shareholders' equity of 3.5 billion yuan was converted into about 1.8 billion shares based on the bidder's bid - about 2 times the premium. After the reorganization (share capital is 12.5 billion yuan), they hold 15% of the shares.

What does that mean?

That is to say, Guangdong Development Bank's original shareholders' shares were reduced to 15%, and then 85% was used to attract foreign investment.

Through capital injection, the current dilemma of Guangdong Development Bank with excessive non-performing assets and poor financial status will be completely improved.

Moreover, Guangdong Development Bank clearly stated that foreign parties can have management rights and nominate the chairman and president.

Of course, the qualifications still need to be approved by the China Banking Regulatory Commission - such conditions are obviously not available to China Construction Bank, Bank of China or ICBC as state-owned commercial banks.

It is precisely because Guangdong Development Bank has become the first Huaxia Bank to allow foreign capital to purchase a majority stake that this bid has reached a milestone.

All banks in the country are now state-owned or joint-stock banks.

Bank management is all appointed by the China Banking Regulatory Commission. Even if you are a shareholder, you have no way to control personnel rights, let alone management rights.

Now GDB has broken this rule.

Naturally, it attracted a large number of financial giants who coveted Huaxia Banking industry.

Xu Liang put down the information.

"There are many foreign-funded institutions interested in GF right now, right?"

Humphrey nodded, "As far as I know, almost all foreign institutions are interested, but Citigroup, Société Générale, and UBS are more actively participating."

Compared with Citigroup and UBS, Standard Chartered's influence is significantly weaker.

If you want to swallow Guangfa from the mouths of these giants, Xu Liang's help is essential.

Xu Liang nodded slightly and pondered for a while.

"Currently, Guangfa has only heard rumors of shareholding reform. Is it specific? We still have to wait for the matter to be implemented before we can make a decision. So, we don't need to be too anxious."

Humphrey nodded.

Xu Liang poured him a cup of tea.

"Don't worry, I will support anything that is beneficial to the development of Standard Chartered, and it will be the same this time."

"Xu, thank you."

Xu Liang waved his hand with a smile and took a sip of the tea in his hand.

"John, I heard that our respected Mr. Kirkland is a drug addict?"

John frowned and had a bad feeling in his heart.

"Police in London discovered contraband while inspecting a pub and Kirk just happened to be there."

"Really? But the news I received is that the London Metropolitan Police has launched charges against him."

Xu Liang put down the tea cup and looked directly at Humphrey.

"John, Standard Chartered is a world-class bank with a long history and rapid development. The position of the CFO is very critical, especially when we want to acquire GF and expand into the Chinese market.

I can tell you very responsibly that China, whether official or private, hates drug addicts.

Standard Chartered's involvement in such troubles will undoubtedly leave a very bad impression and affect China's business development, especially China Guangdong Development Bank's investment. "

Xu Liang emphasized his tone on ‘Guangdong Release’.

"Therefore, I feel that Badu Kirkland is no longer suitable to continue to serve as the chief financial officer of Standard Chartered."

Looking at the man staring eagerly in front of him, Humphrey understood.

After taking full control of Standard Chartered's board of directors, he couldn't wait to reach out to Standard Chartered's management.

And it started with a high position like chief financial officer.

Humphrey struggled in his heart.

He didn't want to compromise like this, otherwise one day, the man in front of him would eat up Sichuan bit by bit.

By then, even if he cannot become a puppet, his control over Standard Chartered will be greatly reduced.

But he also admitted that the other party picked a good opportunity.

Badu Kirkland has been charged by the Metropolitan Police with possessing contraband. It is a certainty that even if he can be released on bail, he will certainly not be able to stay at Standard Chartered.

And he wanted to use Xu Liang's power to win Guangdong Publishing, so he had to compromise.

Of course, the most important thing is that the other party controls the board of directors.

The CEO, the core executive of the group after the CEO and COO, must obtain the approval of the board of directors.

After struggling for a long time.

"Xu, after I return, I will discuss with the management and select a suitable candidate to take over Badu's position as soon as possible."

"Okay, I'll wait for your news."

The two chatted for a while longer, and Humphrey left.

After watching the car drive away.

"Mr. Xu, do you really want them to recommend the candidate for the chief financial officer?" Lu Hui asked.

"How is that possible? Don't push things too hastily, otherwise it will be counterproductive.

Our goal of replacing Badu Kirkland has been achieved, and we can take our time in promoting our own people. "

Lu Hui nodded and handed over today's documents.

"Mr. Xu, this is the progress of Hanhua Pacific No. 2 Fund's purchase of U.S. subprime debt and its acquisition of Unocal received today."

Xu Liang took it.

Three months have passed since Hanhua cooperated with Oppenheimer, JP Morgan and Goldman Sachs. After three months, they have sold US$59 billion of subprime debt.

Xu Liang also truly saw the huge network of the world's top investment banks.

"In two or three months, the Pacific 2 Fund will be safe and sound," Xu Liang said.

Let’s look at Unocal’s information again.

"Has the stock price risen so high?"

Since Chevron joined the competition, Unocal's market value has been hovering around US$12 billion, and it has soared to US$14 billion in just one week.

It has now risen to about US$15 billion.

"Mr. Xu, do we want to close our position?" Lu Hui asked.

When Xu Liang acquired Unocal's equity through Hongyan, the latter's share price was only about 10 billion U.S. dollars. Now it has risen by 50%.

Count the leverage used.

The rate of return has exceeded 100%.

"No, it's still early."

Xu Liang shook his head decisively.

It's not over yet on the Pacific side, and more importantly, there are still players who haven't entered.

"Hasn't the higher-ups approved our acquisition of Delong yet?"

"No, let's wait for notification."

"Where's the Tang family?"

"The teams from Hanhua and Hongyan have already settled in and are currently doing due diligence," Lu Hui said.

"They will notify me as soon as they complete their investigation."

"OK."

Although he has been investigating Delong through Hongyan for nearly three years, he has not gone deep into Delong's internal affairs. The details of some related transactions and even secret transactions are not very clear.

Therefore, due diligence this time is very critical.

He had to find out if there were any hidden debts inside Delong that he didn't know about.

"By the way, after the No. 1 store has almost reached an agreement with JD.com, Liu Qiangxi is asked to lead his team to conduct due diligence on Denong Supermarket Chain and Denong Seed Industry, so that he can become familiar with it as soon as possible, so that he can get started after taking over in the future."

"OK."

For Denong, his short-term plan is agricultural chain retail terminals and the seed industry.

In the mid-term, we will integrate three-dimensional chemical fertilizers and get involved in the agrochemical field.

The long-term plan is to incorporate Hongyan’s Harvest Agriculture.

Let Denong Group become a ‘large agricultural group’ with business scope covering planting, seed industry, deep processing of agricultural products, agrochemical products and agricultural chains, integrating upstream and downstream.

The Great Qiangzi was what he had prepared to be at the helm of Denon.

Lu Hui's cell phone rang.

After picking up and listening for a while.

"Mr. Xu, Mr. Sha from Fuhua Real Estate is here."

"Let him come."

Not long after, Sha Zhigang, who was in a hurry, opened the door and walked in.

"Mr. Xu."

Xu Liang waved, "Lao Sha, come and sit."

After agreeing, Sha Zhigang sat down on the sofa opposite.

As Xu Liang became more and more successful, his businesses became larger and larger.

The majesty on his body became more and more serious.

Although he still maintained his original appearance and did not pretend to be sophisticated, the people around him became more and more respectful to him.

Xu Liang realized this change and couldn't help but sigh at the loneliness of feeling cold at high places.

Of course, what he really values ​​​​is not loneliness, but standing too high and unable to hear the sounds below. Over time, it will become a fixed mindset and lose touch with reality.

It is also commonly known as ‘gone away’.

Jack Ma started out as a promising young man who guarded sewer manhole covers and was determined to let Chinese companies go global through the Internet.

But as he became more and more successful, more and more people started to say good things to him.

At the beginning, I was still alert and could listen to advice that was unpleasant to my ears.

But over time, after hearing too many good words, it becomes a fixed mindset. This is the real big trouble.

This is also the reason why the relationship between emperor and minister between Emperor Taizong of the Tang Dynasty and Wei Zheng has been passed down for thousands of years and is highly praised.

For those who stand at the top, being able to listen to what is being said below and never forget the original intention is really an excellent and explosive quality.

"Mr. Xu, this is the financial statement of Fuhua Group for January 2005."

Xu Liang picked it up, flipped it over briefly, and then put it down.

He has read Fuhua's 2004 annual development report. It has only been two months and not much has changed.

That's not why he brought Sha Zhigang here.

"How's the conversation with Sunchi going?"

"We have almost reached the stage of negotiation. We will acquire all the assets of Sunco for 3.5 billion Huaxia coins."

Sha Zhigang said quickly.