The meeting with Qi Dezun ended somewhat unhappily. Shen Bi thought about it for a while in the car on the way back. After returning to HSBC, he reported everything to Sanders.
"Qi Dezun, this idiot, still wants to threaten us." Sanders said angrily.
"But what he said makes sense. If something goes wrong with Hutchison, we at HSBC won't be able to live with it." Shen Bi said with a frown. Hutchison and its subsidiaries owe HSBC nearly HK$800 million, which is such a huge debt. A sum of money is enough to cover the profits of HSBC for two or three years now. If the worst case scenario occurs, HSBC will also have to break its muscles. And if this happens during his tenure, it will definitely have a negative impact on his reputation. Great impact.
"No matter whether it is a bank in Hong Kong or overseas, it is unlikely to lend him money now. I guess Qi Dezun can only count on the shareholders' meeting now." Sanders shook his head and said.
"Speaking of the shareholders' meeting, Qi Dezun said that Hutchison's stock did not fall much yesterday. I think there is something wrong." Shen Bi suddenly said again.
"What do you mean?" Sanders asked.
"An event as big as the Indonesian port has a fatal blow to Hutchison's confidence. Under such circumstances, Hutchison's stock should have at least plummeted, but now there is no problem. This means that either the news did not spread, or Someone is acquiring Hutchison shares in large quantities." Shen Bi analyzed: "I think the latter is more likely because the trading volume on the stock market is very large."
"You mean someone wants to acquire Hutchison? How dare someone be so bold?" Sanders was surprised. As Hutchison's largest creditor, he naturally knew how big the problem was at Hutchison? It can be said that the 100 million loan requested by Qi Dezun will not last long at all. If Hutchison has such a large debt, it may not cost much to acquire, but subsequent maintenance of operations will require a huge amount of funds.
"I'm not sure. I've already asked someone to investigate. It may be that my judgment was wrong, or someone just wants to take advantage of the opportunity to buy the bottom. If Heji really survives, the current stock price is still very low." Shen Bi thought about it. Want to say.
"If it's bargain hunting, forget it, but if it's an acquisition, then the Hong Kong stock market will be lively this year, much more lively than Land Milk three years ago." Sanders said with a frown.
"I don't know which company is behind this, Jardine? Swire? Wheelock? Or Kadoorie?" Shen Bi subconsciously named several suspects.
"It's impossible. Land's previous acquisition of Dairy Milk International has completely lost its credibility. Swire is now fully investing in the development of Taikoo Shing. Wheelock is now unable to protect itself. Kadoorie's China Power is also busy working with Mobil. We probably don’t have any spare funds to develop Qingshan Power Plant.” Sanders shook his head and said. As the head of HSBC Bank, he knew the foundation of these large consortiums in Hong Kong.
"Then it might be an overseas consortium." Shen Bi thought for a while and said.
"If it is really a large overseas consortium, that would be good news for us. As long as there is no problem with Hutchison's liabilities, we will be much more stable." Sanders said.
"That's true." Shen Bi nodded and said, "If it is a real acquisition, it will probably be announced after a while."
"Yes, then just wait. Also, pay attention to the person who holds a large stake in Hutchison." Sanders reminded.
"Well, I understand. If it is an acquisition, then these people will be found by the other party in the end. If it weren't for the fact that Hutchison's shares are too scattered, the market may have discovered the abnormality long ago. From this point of view, the media's exposure of the Indonesian port may also be intentional. That's why." Shen Bi thought for a while and said.
Although Hutchison has no major shareholders, there are still some investors who hold a large number of shares, some 1%, some 0.5%, etc. These add up to a large number, but we don’t know the stock price fluctuations during this period. , has it already taken action?
Prince's Building:
Chen Zhiwen is playing an arcade machine in his office, which is the latest version of Magic Cube. Although in later generations, he has never bothered to play such low-level games, but after spending several years in Hong Kong in the 1970s, he could only bow to reality. It’s good to have a game like this.
By the way, he can also find some feelings from the past. As the only player who has played Tetris in later generations, maybe he can find some shortcomings.
As a veteran, Chen Zhiwen is naturally experienced and easily defeated An Qi, who was bragging just now.
"Boss, you are so awesome." An Qi said with a smile.
"This is too simple. In the future, blocks with different colors will be produced, and that will be called difficulty." Chen Zhiwen said with a smile.
The current cube does not have color settings. The monitor actually has this capability, but the chip cannot achieve it. In other words, low-cost settings cannot have color settings.
However, the difficulty of bringing different colors of blocks is too high and is not suitable for the business model of arcade machines, which is to make money for customers, but it can coexist with the normal mode for players to choose.
When a home game console comes out in a few years, it will definitely become a hit. The higher the challenge, the more suitable it is for a home game console or a handheld console, because these two are positioned to consume players' boring time and achieve appropriate achievements. feel.
"Different colors?" An Qi didn't quite understand.
"Dong dong dong" There was a knock on the door, and An Qi said, "It should be Manager Zhou."
As she expected, the person who came was none other than Zhou Jiayang, who was in charge of Galaxy Securities.
"Good morning, Mr. Chen." Zhou Jiayang said politely after coming in.
"Morning, take a seat." Chen Zhiwen waved his hand and motioned to sit down on the sofa, while An Qi prepared drinks for the two of them.
"How is Hutchison's stock acquisition going?" Chen Zhiwen asked.
"This week, there was a huge sell-off. We acquired about 7% of the shares. As of today, we already have 30.1% of Hutchison's shares. Legally speaking, we already have two directorships in Hutchison. ." Zhou Jiayang said happily that being able to acquire a giant like Hutchison, one of the four major foreign banks, is very rare in the entire Hong Kong and even global business history. As the main operator, it is also a great honor in life.
"Okay, we've got half of it." Chen Zhiwen nodded and said, "But it's still not enough. With less than 40%, we still don't have absolute control."
"Chen Sheng, with 34% of the controlling stake, we are basically guaranteed to win." Zhou Jiayang reminded.
"I have a sure chance of winning against Qi Dezun, but what I want to guard against this time are the many creditors behind Hutchison. Having more shares and leaving them helpless is my first step in controlling Hutchison." Chen Zhiwen said.
Later, when Hutchison changed its ownership to HSBC, the general meeting of shareholders was the result of many bank groups forcing Hutchison to pay debts to the board of directors. Even though Qi Dezun controlled everything, he was unable to deal with HSBC, which had already obtained numerous shareholder representation rights. In the end, he was forced by both debt and voting. Next, he left the scene in tears.
Although Chen Zhiwen now owns 30% of the shares, he will have certain advantages at the shareholders' meeting, but he has no experience in managing a large consortium such as Hutchison, and may still be mistrusted by other small shareholders. Once this is exploited and magnified, If HSBC conducts debt-for-equity swaps as it did historically, the shares in its hands will also be diluted, and the only opportunity to forcefully acquire Hutchison will be lost.
Once HSBC gets the operating rights of Hutchison, as it did in history, when the real estate market picks up in a few years and Hutchison comes back to life, it will be up to HSBC to whom it gives to Hutchison in the future.
Even if it is given to him, the price must be very high. For HSBC, it is in the best interest of HSBC to find someone who can fully control and listen to its own words, but it is obviously impossible for itself.
Besides, in a few years, it will be the time to take action against Wharf. HSBC definitely does not want one to control these two giants.
Although his relationship with HSBC has been good on the surface over the years, when such huge interests are involved, Chen Zhiwen still will not put probability on others. All unstable factors must be controlled as much as possible, and the best way is If the equity is further increased to more than 40%, then a few random shareholders can decide the entire Hutchison. The bank can only force debts, but cannot force debt-to-equity swaps.
"Sheng Chen, our transaction data this week has been very large. There are not many short-term active stocks in the market. It may have aroused the suspicion of relevant personnel. If we make another acquisition, we will not be able to hide it." Zhou Jiayang was a little worried. said.
Because the market was smashed too much and one side went all out for acquisitions, the stock price did not fluctuate significantly. But the fact that the stock price did not move does not mean that there are no other abnormalities. The huge trading volume will be discovered. At the same time, it is also because there was too much trading volume in the early stage, and it has begun. It affects the circulating number of Hutchison shares.
"If there are no tradable shares, then go directly to those who have stocks and ask them to buy them." Chen Zhiwen nodded and said. Although Hutchison had no major shareholders before, there were still a large number of small shareholders. The stocks in the hands of these shareholders were It may not be much for one person, but a dozen of them add up to a considerable amount.
"If we do this, it will really be equivalent to an announcement of acquisition." Zhou Jiayang said.
"Let's just treat it as an announcement. At this point, it's time to stand up." Chen Zhiwen said with a smile.
PS: The previous one seems to be a bit watery, so I will update one more chapter today, and there will be two more chapters tonight.
(End of chapter)
