The Industrial Giant Reborn
Chapter 123 The board's tit for tat
"If I hadn't invested in Hutchison, how would Mr. Qi Dezun plan to solve this problem?" Chen Zhiwen asked directly.
"The best way is to find a bank loan." Qi Dezun said.
"Now there are banks willing to lend money to Hutchison?" Chen Zhiwen asked lightly.
"HSBC rejected my request." Qi Dezun paused and said, "So I am going to persuade shareholders to reinvest at the next general meeting, but since Chen Sheng has become the largest shareholder of Hutchison, it is most appropriate for you to come forward .”
"Those shareholders won't invest money so easily, but I can contribute the money alone." Chen Zhiwen said with a smile.
"Really?" Qi Dezun couldn't believe it. 150 million Hong Kong dollars in cash is an astronomical figure. In Hong Kong, even if it is the Jardine Group, it is difficult to directly take out such a sum of cash, and Chen Zhiwen has already It has cost at least 200-300 million to acquire the shares of Hutchison Group, and now it is amazing to be able to come up with such a large amount of funds, even if it is a loan.
"I can inject capital into Hutchison again, but you have to promise me one condition." Chen Zhiwen laughed.
"What conditions?" Qi Dezun asked.
"Mr. Qi Dezun, are you 60 years old this year?" Chen Zhiwen suddenly changed the subject.
"According to the Chinese calculation, the imaginary age is 60, but I am only 58." Qi Dezun was stunned for a moment, and immediately had a bad premonition in his heart.
"I heard that Mr. Qi Dezun has been in Hong Kong for decades. Hutchison's position today is the result of ten years of hard work. I think it's time for Mr. Qi Dezun to return to England to retire." Chen Zhiwen said lightly.
As soon as the voice fell, the decibels of the entire meeting room dropped immediately. Many people held their breath. Except for Richard, everyone else looked at Chen Zhiwen and Qi Dezun in shock. , but unexpectedly, this young man who had just become a major shareholder of Hutchison actually wanted to remove Qi Dezun directly.
"Chen Sheng, what do you mean by that?" Qi Dezun said angrily. Before that, he was fully confident that Chen Zhiwen would not do anything to him, at most he would make trouble for him, disgust him, and show his major shareholder Authoritative, but I never imagined that I had just met and went directly to nuclear weapons.
"That's what it means. You have contributed to Hutchison's development to this day. I don't deny it, but you also contributed to the debt crisis like this, and you still have no solution to the problem. Instead, you blindly borrow money, or borrow money from shareholders. With money in hand, tell me, what does the shareholder want you to do?" Chen Zhiwen said coldly.
In the original history, Qi Dezun asked all shareholders to raise a total of 175 million Hong Kong dollars in proportion to their shares at the general meeting of shareholders, which aroused public outrage. In the end, Shen Bi took the opportunity to initiate a vote on behalf of shareholders to dismiss Qi Dezun, and then HSBC became a shareholder of Hutchison. From then on, and Remember to enter the HSBC era.
As for Qi Dezun, Chen Zhiwen had no intention of staying. One was his lack of ability. He was indeed responsible for the rapid expansion of Hutchison, but regardless of the risk of expansion, who would not borrow money to buy and buy?
I bought so many different businesses and they couldn’t promote each other. The acquisition was purely for the purpose of expanding the scale. The second was arrogance and selfishness. When the Hong Kong stock market was in crisis in 1973, in order to stabilize the stock price, the funds from the sale of the property were sold. The profits were included and then dividends were distributed to shareholders, and later even dividends were distributed with loans. As a result, the normal internal business stopped due to a broken capital chain, which eventually led to the outbreak of the largest debt crisis in Hong Kong's history for the entire Hutchison Group.
"The removal of the chairman of the board of directors can only be effective if the board of directors obtains the approval of 2/3 of the votes or the approval of the shareholders' meeting." Qi Dezun said coldly.
"Forget about the board of directors, and the general meeting of shareholders is unnecessary. I already have 46% of Hutchison shares in my hands. I can hold a general meeting of shareholders, especially for the purpose of removing you. Are you sure you want me to do this?" Chen Zhiwen said with a smile .
"46%?" Qi Dezun was stunned for a moment, and said, "You bought another 5% of the stock?"
"Yes, Hutchison's stock has fallen again, so I naturally bought some." Chen Zhiwen said.
After the media revealed that the capital of the acquisition of Hutchison Group was a local Chinese, although the public opinion was praising, supporting, and proud of the Chinese capital, the capital market was different, and Hutchison's stock immediately appeared to be cut in half. No one seems to believe that a Chinese can save the Hutchison Group that is on the verge of bankruptcy.
Zhou Jiayang's team also predicted this, so they started to buy again after the stock price plummeted. They bought 5% in 3 days, and the acquisition cost in these three days was very low, which was almost the same as at the beginning.
"If I leave Hutchison, how will Chen Sheng plan to run the business?" Qi Dezun said coldly, and at this moment, he realized that he had no tricks at all.
The other party owns 46% of the shares, and he can raise 50% of the voting rights by finding a few small shareholders. In addition, he himself is not liked by the shareholders. If he really holds a general meeting of shareholders, he will definitely lose. The only hope, Even with his many years of Hutchison management experience, as long as Heji's internal senior management is united, no new shareholder can do anything to them.
"I know that you have signed an agreement to advance and retreat together, so you can advance and retreat together?" Chen Zhiwen opened his hands and said straightforwardly: "If you want to stay, you can keep your original job. If you want to resign, you can resign now. I Absolutely no comments."
In the conference room, Richard winked at a few people, who fell silent after seeing it.
After meeting with Chen Zhiwen, he greeted all the senior leaders of his faction, which side he needed to stand on.
As a large company with bloated management, in fact, it is absolutely impossible for many important positions to be held by only one person. Even if many people have never held a certain position, there are people who do things under them, and there are also people who cooperate with them. If these people get started, Generally there will be no major problems.
In the era of Qi Dezun's management, there were also many factions among his subordinates, which existed in any large company. This time, Richard naturally wanted to protect his own factions, and this was also an opportunity for his people to Move into more senior positions.
"I resign."
"I resigned too."
After a while, two people stood up on their own initiative, and Qi Dezun smiled. When everyone here stood up, facing this situation, no one could really make everyone resign. Can only admit defeat.
And once Chen Zhiwen admits defeat, not just this time, Qi Dezun will still have the final say on the company in the future.
However, after waiting for a while, no one stood up again, and Qi Dezun's face suddenly changed. Similarly, the two people who stood up were also very embarrassed.
Richard frowned slightly. Among the people present, he only informed 3 people, and the other 5 people belonged to Qi Dezun, but now only 2 people stood up, which also shows that the other 3 people are only willing to wait until the end Then express your opinion.
That is to say, I waited for others to make the first move, and I made up the number of people at the end, but after the two stood up, Richard and the others did not respond, which also caused them to also not respond.
This is really the same as what Chen Zhiwen said last time. Without the sharing of core interests or the leadership of core figures, it is impossible for people to unite. There are only ten people on the scene, and there is no way to succeed. If there are hundreds of people, it is even more impossible to really "advance and retreat together".
"You?" Qi Dezun looked angry, looked at his subordinates who were still sitting still, saw Richard, his confidant, and asked, "Li Richard, have you also betrayed?"
"He did not betray, I am the major shareholder of Hutchison, and the board of directors should be responsible to me." Chen Zhiwen said calmly: "I have observed for a long time, Mr. Richard's ability has been recognized by many people in Hutchison, so, I He will be appointed as Hutchison's new taipan."
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