Richard said: "Although on the surface, it seems that Hutchison has lost several hundred million, this is from a long-term perspective. For Hutchison now, the money invested previously has been invested. What's going on?" It is impossible to recover it, and what is lost now is actually future income. In other words, this matter will not have any impact on Hutchison, at least this year or even next year.”
"In the short term, this is indeed true, 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 company's highest body. Normally, the company's performance is good, and shareholders see that they have good profits and high dividends. , it will not interfere with the board of directors and the current management. However, in the past two years, Hutchison has become the worst stock in Hong Kong, and shareholders have suffered heavy losses. Now it is not the shareholders who want to change the board of directors or the management, but many shareholders are demanding If a company files for bankruptcy, you can get as much distribution as you want.
In this case, an overseas investment with a huge loss is enough to cause a domino effect. A large group of shareholders who know nothing will not listen to any explanation.
Richard nodded and said: "That's the truth. Therefore, what we need to convince is the bank, not the shareholders. Although the current shareholders have strong opinions on us, they have nothing to lose when Hutchison's stock is where it is today." Yes, with such a large number of people, different opinions can easily be divided.
As long as we can convince the banks to continue to support us, there will still be many shareholders who will wait. Even if the so-called shareholders' meeting has the right to veto everything, without the leadership of a core number of major shareholders, it will only be A ball of loose sand. "
"Then how can we make banks still have confidence in us?" Qi Dezun also agreed with Richard's point of view. Dispersed small shareholders have never been looked down upon by him. As long as there are no strong major shareholders, he will be Hutchison's only shareholder. People in power.
Richard said: "Sell the Indonesian port quickly and at a low price. Although the Indonesian government has issued a notice of forced withdrawal, we are British capital. As long as we file a lawsuit, we can delay it for a period of time. This also gives us a certain amount of time. As long as we sell the port, everything from now on will have nothing to do with us, and we can still get a sum of funds."
"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 large consortiums in 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 huge."
"That would be much better than what we are doing 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 at a low price, we won't be able to find a new buyer immediately. How can we convince the banking group?" Qi Dezun then asked.
Richard said: "The Port of Ganbaru in Indonesia is actually a good lesson. If we had taken action earlier, even if we would have lost money, we would not have lost much, and the time would not have been so urgent. Now that this is the case, there is no need for more. "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 groups will not really push us too hard."
"Now Hong Kong's real estate market is slowly recovering, as is the stock market, and the global economy is similar. We have survived for two years. If we give up at this time, wouldn't it be a waste of all our efforts? As long as real estate prices return to the level of 1972, our liabilities will be completely It's not a problem." Qi Dezun said slowly.
For him, Hutchison's scale is greater than anything else. According to Richard's method, Hutchison can indeed recover earlier, but any property or company sold at this time will be at the current market price, which is very low. In addition, everyone knows about Hutchison's problem. Who wouldn't add insult to injury and kill himself severely?
If Hutchison Group sells a large number of property projects in its hands, can it still become one of the four major foreign banks in Hong Kong?
The most important point is that banks dare not do anything to Hutchison now because Hutchison is large enough. If it were smaller, who knows whether the outcome would be different?
"So this is a matter of balance, giving up future profits to ensure that we can successfully get through this now." Richard said.
"What do you think?" Qi Dezun looked around and asked everyone.
"I object."
"I object too."
"I agree."
"I object."
After some voting, the majority of the votes were against, and Richard could only remain silent and never raise any opinions again.
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 terminal companies or large shipping companies. They may If you are interested in the port in Indonesia and other properties in Hong Kong, it is better not to touch it for the time being. If you can have funds to start, start it. If you cannot start it, find a reason to stop."
"Let me take charge of this matter. I know many terminal companies in Europe." Richard added.
"Okay, let's do this for now," Qi Dezun nodded and said, "I'll be in charge of the bank. Lily, help me make an appointment with Shen Bi from HSBC."
"Okay." The blonde beauty next to her nodded and said. Everyone in this conference room was British, and even the simplest assistant was British.
HSBC Headquarters:
The white-haired current chief executive, Sanders, looked at the fierce rainstorm outside and said, "Qi Dezun is looking for you?"
"Yes." Another ghost guy on the side nodded and said, it was Shen Bi, the future HSBC executive.
"This waste is always so self-righteous. I reminded him a few years ago not to expand too aggressively, but he just refused to listen. Now it has implicated HSBC and it is walking a tightrope." Sanders shook his head and said.
"Thankfully you cut off HSBC's support for Hutchison. Otherwise, we would have been seriously dragged down." Facing this senior who promoted him all the way, Shen Bi, no matter how arrogant he was, was still polite.
"But there is still a debt of HK$500 million. 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 collapse, otherwise it will cause an uncontrollable situation. ." Sanders said.
"I already have some ideas. Let's see how Hutchison responds to this situation." Shen Bi nodded and said.
(End of chapter)
