Reborn as a tycoon in Hong Kong
Chapter 721 The acquisition of Bentley Motors was successful (two-in-one)
When Lin Baicheng came to Bailong Commercial Club, Claure Rockefeller and Abigail Johnson had not yet arrived.
"Mr. Lin!"
Upon learning that Lin Baicheng was coming, Sasaki Boruto hurriedly brought people to greet him. As soon as he got out of the elevator, he met Lin Baicheng and his group.
Boruto Sasaki didn't call Lin Baicheng chairman, chairman or president. That's because Lin Baicheng is only a director of Bailong Commercial Co., Ltd. in name. According to the classification of Japanese companies, he is the president and a special person under the president. , that is, the executive director.
Although Lin Baicheng holds 51% of the shares of Bailong Commercial Club and controls the company, the company operates in the real estate industry and currently only operates real estate business in Japan. Therefore, it is somewhat uncomfortable for Lin Baicheng, an outsider, to serve as the president (chairman) of the company. It fits.
Finally, after some operations, the chairman of Bailong Commercial Club was nominally Maori Haruko, who represented Lin Baicheng's shares. However, in fact, the ownership and use rights of the shares Maori Haruko represented were in the hands of Lin Baicheng, so he really controlled The person in charge of the company is actually Lin Baicheng himself.
Mouri Haruko is just what Lin Baicheng puts on the surface. In this way, the name of the company's chairman seen by outsiders is not a foreigner's name like 'Lin Baicheng', and the company will not be used by competitors in this regard. attack.
"Sasaki-san, is Iwasaki-kun here?"
Lin Baicheng asked Sasaki Boruto who bowed to say hello.
"President Iwasaki is here, and Sato-san is also here."
Boruto Sasaki replied, of course he had met Motoki Sato. On several occasions, Motoki Sato helped with the land acquisition, and the transfer of benefits was also handed over between the two.
Ask Sato Motoki for help when you need it. Of course, Sato Motoki will not help in vain. Whether it is borrowing the name of the Sato family or using the Sato family's connections, people will definitely charge a favor fee based on the difficulty of the matter.
Lin Baicheng said to his personal secretary Uchida Asami: "Secretary Uchida, just wait down here. Remember to notify us when Claure and Abigail arrive."
"Yes, Chairman!"
Asami Uchida responded to express her understanding.
Lin Baicheng then took people up in the elevator. Because there were too many people, some members of the team could only sit down once.
There is only one elevator here. This building was bought by Bailong Commercial Association with a loan. It is both an investment and a headquarters for the company's offices. The company's real headquarters has not yet been planned to be built because the company is not large enough.
In the company's plan, it will wait a few more years until the company's revenue and profits are higher before building a larger headquarters building.
"Lin-san!" "Sato-san!"
Lin Baicheng soon met Iwasaki Mineryu and Sato Motoki.
Sato Motoki shook the hands they held: "Lin Sang, we haven't seen each other for a while."
"Yes, but after we become partners, there will be more opportunities to meet."
Lin Baicheng and Sato Motoki have actually met only a few times. The last time they met was at the end of last year, which counted for more than half a year.
Mineryu Iwasaki said with a smile: "Mr. Lin is right. Once Sato Trading Company becomes a shareholder of the company, Sato-kun will have to pay more attention to the company's affairs in the future and come to the company more often so that everyone can get together more often."
"You definitely need to move around more."
Motoki Sato naturally nodded. Sato Trading Company is a company similar to a family fund of the Sato family. He is not managing the company, he is just one of the top executives of the company. This is because Sato Trading Company belongs to a family foundation and does business related to politics, so there are no outsiders in the company's senior management. Otherwise, he would not be able to become a senior executive at the age of just thirty.
Sato Motoki knew that Lin Baicheng was the richest man in Hong Kong. In just a few years, he had worked hard to earn a net worth of more than one trillion yen that many people could not imagine. He had industries in the United States, Japan, Hong Kong and other countries. There were many such powerful capitalists. It doesn’t hurt to get to know a few.
Iwasaki Mineryu greeted the two of them: "Stop standing, let's go over there and sit down and chat."
Of course Lin Baicheng and Sato Motoki had no objection, and the three of them went to the side and sat down.
Lin Baicheng asked Iwasaki Mineryu: "Iwasaki-kun, are there any changes at the Mitsubishi Consortium?"
Mineryu Iwasaki replied: "As far as I know, there is no such thing. Mitsubishi is very happy to participate in the financing and become a shareholder of the company."
"It's fine if there's no change."
Lin Baicheng nodded and said: "After Claure and Abigail finish their research on the company, everyone can sit down and chat. The company's financing may not be settled in a short time, but the general direction must be reached this week. Once the decision is made, the specific details will be left to the people below to negotiate.”
"That's no problem."
Iwasaki Mineryu said immediately.
Sato Motoki also said: "There is no problem on my side."
The three of them chatted, and about ten minutes later, Claure Rockefeller and Abigail Johnson arrived at the company, and the three of them immediately went to greet them.
After Claure Rockefeller and Abigail Johnson arrived, Lin Baicheng and Mineryu Iwasaki introduced them to each other, Sato Motoki and Sasaki Boruto.
Among them, although Boruto Sasaki is not the president of Bailong Commercial Club, he is in charge of the daily management of the company. If Claure and Abigail want to invest in the company, they must get to know the company managers.
Of course, it is still uncertain whether Boruto Sasaki’s position will change after the financing.
After the company's financing, if Mitsubishi Group, Claure, Abigail and others were dissatisfied with Hirato Sasaki, a professional manager, and wanted to replace him, Lin Baicheng and Iwasaki Mineryu would definitely not refute their reputation. It is quite possible to replace Boruto Sasaki.
Not to mention that Hirato Sasaki is just a professional manager. Even if he is the founder of the company, when the company is financing and bringing in other shareholders, if the founder's management level cannot satisfy the shareholders, even if the founder holds absolute controlling shares, other shareholders will not be satisfied. Shareholders will also give their opinions. Unless the founder insists on staying in his position, other shareholders will not be able to do anything even if they unite. However, other shareholders will definitely be dissatisfied. Everyone's cooperation will be full of cracks, but no wise founder will offend other shareholders easily.
After everyone got to know each other, Boruto Sasaki began to introduce the company's operations to everyone, starting from the time when the company was founded, and being as detailed as possible.
What Hirato Sasaki said, Claure and others' subordinates will definitely conduct detailed research on the company, but as a company manager, it is necessary for him to explain it to investors in detail, and Claure and others must know it from him first. Let’s take a look at the general situation of the company.
For almost a whole day, Lin Baicheng and others stayed at Bailong Commercial Club.
…
When Lin Baicheng stayed at Bailong Commercial Club with Claure, Abigail and others.
Monday, May 5, at 10:30 a.m. London time.
The team headed by Lin Shufang, Wei Li and Qin Lan represented Hutchison Whampoa, the Bentley family represented by White Wade Bentley, and the Rolls-Royce team signed the Bentley Motor Company transfer contract under the witness of the Prime Minister's Office .
These contracts include the brand and ownership of Bentley cars, as well as some patent transfer and licensing contracts, and some related agreements and contracts. In total, there are dozens of contracts.
Although the Bentley family currently does not hold shares in Bentley Motors, the Bentley family has a right of first refusal to acquire Bentley Motors together with Hutchison Whampoa, so of course they must be present when the contract is signed. After all, the Bentley family is a joint acquirer.
As a result, this time the three parties signed contracts with each other, and Hutchison Whampoa and the Bentley family also signed related contracts for the shares of Bentley Motors.
Before the three parties signed the contract, the lawyers and accountants of the three parties repeatedly confirmed that there were no problems with the contract. It was as agreed upon before, and only then did the representatives of the three parties sign the contract.
The transaction will not be considered successful until the contract is signed.
"Happy cooperation!" "Happy cooperation!".
The delegates shook hands with each other.
Lin Shufang said: "US$110 million has been transferred to the HSBC account under the supervision of the Prime Minister's Office, and we will definitely complete the transfer of the remaining US$300 million within the next month."
For a total purchase price of US$410 million, Hutchison Whampoa, which holds 85% of the shares, has to pay US$348.5 million. The company's cash can be taken out in one go, but it cannot do so.
In addition to the fact that the Bentley family cannot afford so much money at once and needs time to raise funds, there are other more important reasons.
The more important reason is that after Hutchison Whampoa takes over Bentley Motors, it will conduct a more specific integration of Bentley Motors. Only after the integration can we know whether Rolls-Royce has played tricks and what role Hutchison Whampoa played in this acquisition. Have you suffered any losses? Should you regret the acquisition?
Regardless of the fact that there were no problems in the previous surveys, without real reception integration, no one can guarantee whether there were any omissions in the previous surveys.
If a problem is discovered after receiving the goods, Hutchison Whampoa will not have no way out when there is still a balance of US$300 million that has not been paid. The worst-case scenario is to tear up the contract and terminate the transaction, resulting in a loss of about US$90 million. Better than losing nearly $350 million.
In the contract signed by the three parties, there is a relevant contract to protect the interests of Hutchison Whampoa. Hutchison Whampoa can terminate the transaction at any time within one month. The price for breaking the contract is an upfront payment of US$110 million as compensation to Rolls-Royce. .
The remaining US$300 million will have to be paid one month later. Rolls-Royce is not worried that Hutchison Whampoa will not pay the balance by then. After all, Rolls-Royce is currently a state-owned enterprise, and Hutchison Whampoa will be the first to refuse if it does not pay the balance. It is the Prime Minister's Office that has plenty of ways to get the money back in the event of Hutchison Whampoa's default.
At half past eleven.
Rolls-Royce and Hutchison Whampoa jointly held a press conference to officially announce the deal for Bentley Motors. This deal of up to US$410 million caused a commotion in the media.
In addition to the fact that the transaction value of US$410 million is not low, it is also because of the acquired Bentley brand and the acquirer being Hutchison Whampoa from Hong Kong.
Hutchison Whampoa is also quite famous in England. This reputation has nothing to do with Hutchison Whampoa being one of the four major foreign banks in Hong Kong. After all, Xiangjiang is only a British colony, and it is a colony that is not taken seriously in Britain.
Xiangjiang was not well-known in England in the past few years, let alone Hutchison Whampoa, which was only one of the four major foreign companies. The reason why Xiangjiang has become famous in Britain in recent years is because Xiangjiang's return is approaching. British officials have mentioned Xiangjiang many times in order to gain support from domestic and international public opinion. Otherwise, not many British people know about Xiangjiang.
The reason why Hutchison Whampoa is quite famous in the UK is because Hutchison Whampoa has a market value of several billion pounds, which has been reported by the British media.
In today's era, even in the UK, there are not many listed companies with a market value of more than one billion pounds, not to mention that companies with a market value of more than one billion pounds come from the colonies.
In addition, Xiangjiang has been mentioned many times by British officials in recent years, and Hutchison Whampoa's own market value is so high, so the media naturally reported it.
Although Hutchison Whampoa is a little famous in the UK, it is a company from the colonies. Now it has acquired a well-known car brand in the country. This makes the proud British people stand it, and the media took the lead in frying it.
At this time, it was time for the Bentley family to come forward. The reason why they joined forces with the Bentley family to acquire the Bentley Motors Company was to build the Bentley family brand and reduce the rejection of the British people.
According to external reports, Hutchison Whampoa and the Bentley family jointly acquired Bentley Motors. The Bentley family is also the company's major shareholder. As for the specific shares, they will not be disclosed to the outside world to avoid being ostracized by the public.
After all, one holds 85% of the shares and the other holds 15%. Anyone who looks at it will know that the Bentley family is only a small shareholder of the company, and it is difficult for them to affect the operation of the company.
The reason why the Bentley family wants to become a shareholder of Bentley Motors even though they are only a small shareholder is because Hutchison Whampoa has an agreement with the Bentley family to ensure that the company's valuation is no less than the acquisition price and its revenue has increased for three consecutive years. Hutchison Whampoa will list Bentley Motors in London.
As long as Bentley Motors goes public, the company's shares will be released. Unless Hutchison Whampoa keeps holding the company's shares and does not sell them, the Bentley family will have the opportunity to get more shares and achieve the highest goal of bringing the company back.
With the Bentley family coming forward, although some questions from the media were still tricky, the press conference ended smoothly.
After the press conference, Lin Shufang and others left together and went back to the hotel. When the acquisition is completed, both the seller and the acquirer are very satisfied, and the Prime Minister's Office as the intermediary is also very satisfied. There will definitely be a celebration party, but it will not be at noon, but at night.
When Lin Shufang and others returned to the hotel, they contacted the Japanese side. They already knew that Lin Baicheng was going to Japan to report the acquisition, so they naturally contacted the Japanese side.
Lin Baicheng was indeed waiting for contact from London. Although he knew that the possibility of an accident was unlikely, as long as the contract was not signed, there would be variables. Even if you sign a contract, there may be variables, but relatively speaking, the possibility of changes after signing a contract is lower.
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