The Industrial Giant Reborn
Chapter 107 Hutchison takeover battle (3)
Richard said: "Although on the surface, it seems that we have lost hundreds of millions of Hutchison, but this is from a long-term perspective. For the current Hutchison, the money invested before has already been invested. What's the matter?" It is impossible to get it back, and what is lost now is actually future income, that is to say, this matter will not have any impact on Hutchison, at least this year or even next year."
"In the short term, this is indeed the truth, but shareholders will not listen to our explanation, and our shareholders will not listen to our explanation." Another director said.
Although Hutchison has been controlled by their group of directors for so many years, legally speaking, the general meeting of shareholders is always the highest body of the company. Normally, the company's profits are good, and shareholders see that they are making good profits and paying high dividends. , and will not interfere with the board of directors and the current management, but Hutchison has become the worst stock in Hong Kong in the past two years, and shareholders have suffered heavy losses. Now it is not shareholders who want to change the board of directors or management, but many shareholders. The company files for bankruptcy, how much can be divided.
In this case, a huge loss of overseas investment is enough to cause a domino effect, and a large group of shareholders who understand nothing will not listen to any explanation.
Richard nodded and said: "That's the reason, so what we need to convince is the bank, not the shareholders. Although the current shareholders have a lot of opinions on us, they have nothing to lose when Hutchison shares are at today's level." Yes, with such a large number of people, there are different opinions and it is easy to be divided.
As long as we can persuade the bank to continue to support us, many of the shareholders will wait. Even if the so-called general meeting of shareholders has the right to veto everything, without the leadership of the core number of major shareholders, it will only be A mass of loose sand. "
"Then how can we make the bank still have confidence in us?" Qi Dezun also agreed with Richard's point of view. Scattered small shareholders are never in his eyes. As long as there are no strong major shareholders, he will be the only one people in power.
Richard said: "The Indonesian port will be sold quickly and at a low price. Although the Indonesian government has issued a notice of compulsory withdrawal, we are a British capital. As long as we file a lawsuit, it can be delayed for a period of time. This also gives us a certain amount of time. As long as the port is sold, the future will have nothing to do with us, and we can still get a sum of money."
"Under this situation, who is willing to acquire this port?" A director asked with a frown.
"As long as the price is low enough, someone will naturally be willing to take over." Richard said: "It is best to choose a large consortium from Europe and the United States, and only these consortiums are not afraid of the Indonesian government."
Qi Dezun nodded and said, "That's okay, but the loss will be great."
"That's much better than what it is now." Richard said helplessly. In the capitalist society, everyone likes to add insult to injury and kill you while you are sick.
"I agree with your idea, but even if we sell it at a low price, it is impossible to find a new buyer immediately. How can we convince the bank syndicate?" Qi Dezun then asked.
Richard said: "Indonesia's Kanbaru Port is actually a good lesson. If you make a move earlier, even if you lose, you won't lose much, and the time will not be so urgent. Now that this is the case, there is no need to pay more. Said, but we still have many such projects on hand, we can give up some of these projects and obtain funds to re-operate other projects, as long as our capital chain can still operate, these bank syndicates will not really force too much."
"Now Hong Kong's real estate market is slowly recovering, the same is true for the stock market, and the global economy is similar. We have survived for two years. If we give up at this time, wouldn't all previous efforts be wasted. As long as real estate prices return to the level of 1972, our debts will be completely lost. Not a problem." Qi Dezun said slowly.
For him, the scale of Hutchison is above all else. According to Richard's method, Hutchison can indeed be restored earlier, but at this time, any property or company sold is the current market price, and the price is very low. In addition, it is a problem that everyone knows and remembers. Who wouldn't make trouble and kill themselves severely?
If Hutchison Group sells a large number of property projects in hand, can it still become one of the four foreign firms in Hong Kong?
And the most important point is that banks are afraid to do anything to Hutchison now because the scale of Hutchison is large enough. If the scale is smaller, who knows if the outcome will be different?
"So this is a matter of balance, giving up future profits to ensure that we can pass this level smoothly now." Richard said.
"What do you guys think?" Qi Dezun looked around and asked everyone.
"I object."
"I also object."
"I agree."
"I object."
After some voting, the negative votes were in the majority, so Richard could only remain silent and never made any further comments.
Qi Dezun nodded with some satisfaction, everyone understood what he meant, so he said: "In this case, then listen to Richard's first opinion, and immediately send people to Europe and the United States to visit wharf companies or large shipping companies. Interested in Indonesian ports, other properties in Hong Kong, it is better not to move for the time being, start if you can start with funds, and find a reason to stop if you can’t start.”
"Let me take charge of this matter. I know many terminal companies in Europe." Richard said again.
"Okay, let's do this first," Qi Dezun nodded, and said, "I'll be in charge of the bank. Lily, please help me make an appointment with Shen Bi from HSBC."
"Okay." The blond beauty next to her nodded and said, all the people in this conference room were British, even the simplest assistants were British.
HSBC Headquarters:
The white-haired incumbent Saunders looked at the severe rain outside and said, "Qi Dezun is looking for you?"
"Yes." Another ghost on the side nodded and said, it was the future HSBC executive Shen Bi.
"This trash is always so self-righteous. I reminded him a few years ago not to expand too aggressively, but he refused to listen. Now HSBC is also walking a tightrope." Saunders shook his head and said.
"It's a good thing you cut off HSBC's support to Hutchison back then, otherwise, we would have been seriously dragged down." Facing this senior who promoted himself all the way, Shen Bi was still very polite no matter how arrogant he was.
"But I still have a debt of 500 million Hong Kong dollars. I am going to retire. How to deal with this problem can only be left to you. The Hong Kong government means that Hutchison cannot be allowed to go bankrupt, otherwise, it will lead to an uncontrollable situation. ’” Sanders said.
"I already have some ideas, let's see how Hutchison will deal with this situation." Shen Bi nodded and said.
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