Video Game Empire
Chapter 645:
"Li Sheng, Pu Wei Shi has rejected Li Jiacheng's invitation, saying that the company has accepted the Kadoorie family's entrustment before this, as its action consultant in charge of the acquisition of the hotel group. Although the two acquisitions are independent of each other, but Before the completion of the merger and acquisition of the Grand Hotel Group, it is inconvenient for the company to participate in actions that are detrimental to the interests of the Kadoorie family!
However, he also revealed to Li Ka-shing that HSBC's credit extension to the Kadoorie family will only be limited to the premise that the risks are controllable, which means that HSBC cannot be infinitely involved in the equity competition of Chunghwa Electric Power Company! "Yang Lingjun said with a smile as soon as he walked into Li Xuan's office.
"His reaction is also within our expectations. After all, the Kadoorie family is HSBC's core customer. HSBC can also use special circumstances to explain the stab at the back of the Jardine Group. But if this kind of thing happens again and again, again The performance of the third will definitely shake the trust of other customers in HSBC!
What's more, only by supporting Kadoorie can Purvis maximize HSBC's interests! As the financial advisor of the two acquisitions by Dolly Company, the consulting fees charged by the Kadoorie family are not cheap! Moreover, the Kadoorie family has no cash on hand, and can only use fixed assets or equity to make mortgage loans. This is another big business for HSBC!
Even if the Kadoorie family is swept out of the two listed companies, HSBC, as the creditor of the equity pledge, can continue to bargain with Li Jiacheng and these new controllers! Li Xuan put the signed stack of documents aside, stood up from the executive chair, walked to another sofa opposite Yang Lingjun and sat down.
"Although we won the interests, we lost face! We Jiahua just took this opportunity to defeat HSBC to tell the bosses in Hong Kong that the banking industry in Hong Kong and Kowloon has changed!" Yang Lingjun said this sentence full of pride.
These two huge mergers and acquisitions that shook the entire Hong Kong capital industry are actually the first head-to-head confrontation between Jiahua and HSBC to a certain extent. Such large-scale corporate mergers are among the most lucrative businesses for securities firms and banks.
But no matter whether your actions are successful or not, for the participating banks and securities companies, all kinds of expenses will not be small! But those potential customers are obviously more willing to pick winners to serve themselves! If Jiahua Group can successfully help Li Jiacheng and Liu Ruanxiong to seize control of CLP and Grand Hotel Group from the Kadoorie family, it will undoubtedly step on the stepping stone of HSBC and become the new king of Hong Kong's financial industry!
While these two mergers and acquisitions are in full swing, the merger between Jiahua and Hong Kong Standard Chartered seems a little calm! In theory, this is also a corporate merger. It's just different from the other two hostile mergers and acquisitions, this is a goodwill merger agreed by both shareholders!
"We have reached an agreement with Standard Chartered Group to take over its entire shareholding in Standard Chartered in Hong Kong in cash! After we complete the merger, we will no longer have the authorization of the 'Standard Chartered' brand in Hong Kong! At the same time, Standard Chartered Group has The right to start the financial business in Hong Kong under the name of Standard Chartered Hong Kong a month after the signing of the agreement!" Yang Lingjun reported to Li Xuan the latest progress of his negotiations with the Standard Chartered Group.
At the beginning, Li Xuan took advantage of the opportunity of Lloyds Bank to launch a hostile takeover of Standard Chartered, and used his equity to support the current management as a condition, forcing Standard Chartered Group to agree to separate Standard Chartered Bank's business in Hong Kong independently, and put it on the Hong Kong Stock Exchange. listed. Of course, listing is not Li Xuan's real purpose. His ultimate purpose is to fully control the newly split Hong Kong Standard Chartered.
According to the agreement between Standard Chartered Hong Kong and the parent company Standard Chartered Group, Standard Chartered Group cannot carry out any financial activities in Hong Kong in a form other than Standard Chartered Hong Kong! However, after the independent listing of Standard Chartered in Hong Kong, the control of the company was in the hands of Li Xuan.
Li Xuan has been using various reasonable financial means in recent years to significantly reduce the profitability of Standard Chartered Hong Kong, so that Standard Chartered Group can receive almost zero dividends from Standard Chartered Hong Kong!
Although Hong Kong is just a small place, in fact, whether it is Standard Chartered Bank or HSBC, its business in Hong Kong has always been one of the most important sources of profit. After losing its income from Hong Kong, Standard Chartered's financial statements in recent years have suddenly become much ugly.
After being tortured by Li Xuan for several years, the Standard Chartered Group saw that it was difficult to regain control of Hong Kong Standard Chartered, and finally agreed with Li Xuan's acquisition proposal, and was willing to sell its equity in Hong Kong Standard Chartered in exchange for the opportunity to independently enter the Hong Kong market. . In this way, they can at least take back the "Standard Chartered" brand that is deeply rooted in Hong Kong. After all, Standard Chartered Bank has been operating in Hong Kong for nearly 150 years since its inception.
"Since they don't want to give up the 'Standard Chartered' brand, then give it back to them! But it is not easy for Standard Chartered to start over in Hong Kong!" Li Xuan shook his head and said.
In fact, the smooth development of HSBC and Standard Chartered in Hong Kong is inseparable from the fact that Hong Kong is a British colony. Therefore, after the fact that Hong Kong is about to return - the return cannot be changed, HSBC has also begun to take the initiative to unload the status of Hong Kong's "shadow central bank" and has begun to actively arrange withdrawal matters.
Doesn't HSBC know that Hong Kong is their most important profit point? The large-scale contraction and withdrawal of British capital was actually completely forced. Because after the return of Hong Kong, it is impossible to provide them with a special status where they can easily make money!
After the Standard Chartered Group was trapped by Li Xuan, its losses were much heavier than that of HSBC. For example, Standard Chartered and HSBC were originally one of the Hong Kong dollar note-issuing banks. After Standard Chartered in Hong Kong was independently split and listed, Standard Chartered's right to issue notes was inherited by Standard Chartered in Hong Kong.
And then if Jiahua and Standard Chartered Hong Kong complete the merger, the right to issue banknotes of Standard Chartered Hong Kong will naturally be inherited by Jiahua Bank, and it is impossible to transfer it back to Standard Chartered Hong Kong, which was re-established a year later!
In other words, all of Standard Chartered's business in Hong Kong will be absorbed and digested by Jiahua Bank. Standard Chartered Hong Kong, which has revived a year later, is no different from other foreign banks that have newly entered the Hong Kong market, except for a century-old signboard. However, the current situation in Hong Kong is that there are more banks than rice shops, and the competition in the banking industry is extremely fierce. Standard Chartered wants to start all over again, it is difficult to compare!
"We have been spraying the Hong Kong government's 'active non-intervention policy' before, which made Hong Kong miss the best time window for industrial upgrading and transformation. But from some perspectives, this policy of the Hong Kong government can also save us a lot of trouble! For example, we can just use it to block the mouth of the Banking Supervision Office this time, the Hong Kong government can't choose to 'actively non-intervention'!" Yang Lingjun said with a smile.
Because of Li Xuan's previous remarks, the relationship between the Oriental Group and the British Hong Kong authorities is not so harmonious. The merger of two big banks like Jiahua Bank and Standard Chartered Bank is unlikely to completely shake off the Hong Kong government.
According to European and American practice, such a merger of two companies that occupy an important market share will definitely require a monopoly review. But so far, Hong Kong has no corresponding anti-monopoly regulations at all.
Let's not say that Hong Kong is a colony. The British ruled here for more than 150 years, relying not on the laws of democracy, but on the rule of man by the Governor's dictatorship!
If the British are only dedicated to dictatorship, Li Xuan really can't do anything about them. After all, the Governor of Hong Kong is still the legitimate ruler of Hong Kong. But the British guy can't stand the loneliness now, and he wants to play democracy-democracy in Hong Kong before he gets out. Rich people like Li Xuan naturally like democracy the most, because the powerful legal department of the Oriental Group is very good at how to ensure that their democratic rights and interests are not violated!
"After all, the Banking Supervision Office is an official institution. If it wants to force us to hold on to it, our M&A cannot be completed immediately! So in order to avoid long-term dreams, we can first sign a legal memorandum with Standard Chartered Group. If the other party wants to take the opportunity to repent, the liquidated damages must be so high that they are afraid!
And if our merger case is dragged on forever, the biggest beneficiary will undoubtedly be Jiahua's biggest competitor - HSBC! You can make a plan with Asia Entertainment in advance. As long as the wind direction is slightly wrong, you will immediately pour dirty water on HSBC!
Dirty gold dollar transactions between the ‘Hong Kong Financial Governor’ and the Governor of Hong Kong~www.wuxiaspot.com~ work together to persecute law-abiding Chinese-funded enterprises! Such explosive news will surely attract the attention of the whole Hong Kong society. I am worried that there is no way to completely nail the British at the stake!
And you should also pay more attention to the movements of the Kadoorie family. If they only use conventional routines, it will be very difficult for them to win against Liu Ruanxiong and Li Jiacheng! After all, competing for shares requires money, and the biggest problem of the Kadoorie family is that there is not enough money! Their only chance to make a comeback is to use some unconventional means!
For example, if the Donggang government comes forward to intervene, even if the two mergers and acquisitions cannot be directly collapsed, as long as they can buy some breathing time for them, it may bring about a lot of variables! After all, both CLP and Grand Hotel Group are very high-quality assets! If the Kadoorie family finds a white knight from outside, then even if the acquisition is successful, the price we will pay will be much higher! "Li Xuan said calmly.
Li Xuan is not afraid that the Hong Kong government will use administrative means to force himself into trouble, because as long as he is caught in any way, the newspapers, magazines and TV stations under the Asia Entertainment Group can completely destroy the prestige of the British Hong Kong authorities.
As I said before, Li Xuan did not go off to hunt the Kadoorie family in person. Even if the competition for Grand Hotel Group and CLP fails, the real losses will only be Li Ka-shing and Liu Ruanxiong. Once this forced failure occurs, it will be enough for the Chinese capital in Hong Kong to recognize the true face of the British Hong Kong authorities.
This is actually a good thing for Li Xuan to unite the Chinese capital and wrestle with the British!
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