Rebirth of Hong Kong 1981

  Chapter 532 Hang Seng General Meeting of Shareholders

  Hang Seng Bank Tower

Office of the Chairman

  He Shanheng, who was over eighty years old, sat on the chair, looking at the right-hand man who was a dozen years younger than him, with a certain determination in his eyes.

   Today, Hang Seng Bank is once again faced with a major decision. Since the banking crisis in 1965, He Shanheng has not encountered such a thorny problem for a long time.

   "Guowei, how are the preparations for the shareholders meeting, are the shareholders all there?"

  Li Guowei said: "Chairman, the shareholders have all arrived, and Vice Chairman He is discussing with the shareholders."

  He Shanheng nodded and continued to ask, "Is our major shareholder here?"

  Li Guowei heard the words, frowned, took a deep breath, and said, "Not yet, but I think it's coming soon."

  He Shanheng: "What are the opinions of the shareholders?"

  Li Guowei lowered his head slightly and did not speak, but it is not difficult to see from his attitude that the situation is not optimistic.

   A few days ago, about the change of the major shareholder of Hang Seng, the shareholders and directors of Hang Seng Bank have received news about the sale of shares of Hang Seng Bank by HSBC.

   Everyone is surprised and surprised, and the other is panic.

   Yes, that’s right, panic.

  Hang Seng has relied on the big tree of HSBC to develop continuously over the years. Although the pace is a little slower, the victory is safe.

  Now HSBC suddenly sold the shares of Hang Seng Bank, but the time chosen was just when the Hang Seng Index plummeted.

   The Hang Seng Index plummeted, the Hong Kong financial market was in turmoil, and the stock prices of major listed companies continued to fall, which can be described as panic.

  HSBC sells shares of Hang Seng Bank at this time, what does this mean? Is it not optimistic about Hang Seng, or other reasons.

   No matter what the reason, once the news is leaked, the consequences are hard to predict.

  The directors and shareholders are not idiots. In this case, everyone will have other ideas.

   In Hong Kong, the public float of a general listed company cannot be less than 25%. Once it falls below this ratio, the company will face the danger of delisting.

   Previously, HSBC held 62% of the shares of Hang Seng Bank, and together with the more than ten percent of shares held by several founders of He Shanheng, the public shareholding was just stuck at that point, no more or less.

  If it were any other time, the directors and shareholders of Hang Seng Bank would definitely support the old chairman of He Shanheng. After all, where is He Shanheng's qualifications, even HSBC would not dare to take it lightly.

   However, now and then, without the big tree of HSBC to enjoy the shade, a new banking crisis is coming, and no one knows what will happen in the end. What if there is another run on Hang Seng?

   Therefore, many people want to arbitrage and leave.

  Who can sell the shares to can stop the loss in time. This is something that everyone needs to seriously consider. If you rush to sell the shares in a securities firm, once a large-scale sell-off is triggered, they will lose everything.

   Therefore, at this time, He Shanheng's face is not very easy to use. How much is face worth? Unless Chairman He is willing to spend money to buy back Hang Seng shares.

   The shares in the hands of the shareholders are worth several hundred million, not to mention that He Shanheng can't take out that much money for a while, even if he takes it out, it's useless.

   Together, they can't even reach half of the shares. How can they compete with others?

  He Shanheng had given up the competition after learning that HSBC sold 51% of Hang Seng Bank's shares to Yang Chen, and at the same time gave up the idea of ​​repurchasing Hang Seng Bank shares.

   In addition to being unable to compete, the other is that he is old and can no longer work.

  He Shanheng, now 81 years old, has already given most of the work of Hang Seng Bank to He Xin and Li Guowei who are younger than him a few years ago.

  He Xin is one of the founders of Hang Seng Bank. He is a veteran. His position in Hang Seng Bank is only one level lower than that of He Shanheng, the chairman of Hang Seng Bank. He serves as the vice chairman of Hang Seng Bank.

   And Li Guowei is Hang Seng's third-in-command and part-time housekeeper. During the 1965 banking crisis, Li Guowei has been the general manager of Hang Seng because he negotiated with HSBC on behalf of Hang Seng Bank.

   Originally, He Shanheng thought that after this year, he would retire to enjoy his old age and hand over Hang Seng Bank to He Xin and Li Guowei.

  All plans have been arranged, and the handover of power to Hang Seng Bank is just around the corner.

   Never thought that this happened when he was about to retire, and the major shareholder of Hang Seng Bank changed. What this means to a company is self-evident.

   Although He Shanheng knew about Yang Chen, he could think of the crisis that Hang Seng Bank might face next, and He Shanheng couldn't sit still.

Whether    is a curse or a blessing, no one knows, but the handover of power to Hang Seng is just around the corner, and he has to work harder when he says anything.

  …

   10:30

  Yang Chen's motorcade appeared at the entrance of the Hang Seng Bank Building. As he imagined, there were no flowers, no applause, or even a single receptionist.

After    Yang Chen got off the car, he looked up at this once the tallest building in Hong Kong. Not to mention other things, this building alone is worth hundreds of millions.

  Hang Seng Bank's total capital is very thick, it belongs to the very thick kind. In the territory of Hong Kong, it is only ranked below HSBC and Standard Chartered Bank, far exceeding other British and Chinese banks in Hong Kong.

   "Tianfan, it seems that Chairman He doesn't welcome us very much."

  Yuan Tianfan smiled lightly: "Boss, didn't you already expect it."

After    finished speaking, Yuan Tianfan glanced at Huo Jianhuo, who was standing on Yang Chen's left, subconsciously. This time, he had nothing to do with the other party, but Yang Chen still took him by his side.

   It can be seen that Yang Chen attaches great importance to Huo Jianhuo, who is about the same age as him and whose ability is no less than his.

   "Let's go, no matter how late, maybe the shareholders meeting will be over."

  Yang Chen didn't notice the small movements of Yuan Tianfan and the others. Seeing that some people were already watching around him, he led them towards the Hang Seng Bank Building.

   To be honest, he deliberately delayed by half an hour this time, not to play a big name, but mainly to show an attitude.

   The older this person is, the more likely he is to rely on the old to sell the old.

   For someone as virtuous and respected as He Shanheng, if he is a junior arguing with him, it will only appear that he is arrogant and does not know how to respect the old and love the young.

   Once the old man gets mad at him, his reputation will be ruined.

   Instead of coming too early and going around in circles with a few old people, it is better to let a group of shareholders discuss their opinions first, so as to save everyone's time and saliva.

   As for whether Chairman He will join other shareholders to boycott him, Yang Chen doesn't care. It's already like this, so what if he resists? Anyway, since he's here today, he didn't think about the hindrance.

   Now he is a major shareholder of Hang Seng Bank. Even if the founders of Hang Seng Bank jointly oppose it, it is useless. If the opposition works, there will not be so many commercial mergers and acquisitions in the world.

   As long as he, the major shareholder, is in place, Chairman He will have to retire even if he does not retire.

  ——

   (end of this chapter)