Youde took a sip of Budweiser beer and said: "As long as Mr. Chen can take over Hisense Bank and solve the current problems without the support of the Hong Kong government, then I can provide a three-year tax exemption of 30% , how about this, this is equivalent to one year, Hisense Bank does not need to pay taxes!"
Although the current situation of Hisense Bank has not yet reached a state of collapse, the bank run crisis is like a forest fire. If it is not put out in the early stage, the price will be paid ten times or even more in the future. Now, he has just succeeded as the Governor of Hong Kong. When something like this happens, he, who has enough experience in governing, knows that he must put an end to it immediately.
However, there is serious opposition within the Hong Kong government. Many people are a faction. No matter what the future situation will be, they just think about big problems arising under the management of their political opponents, so that they can gain a say for themselves. Hong Kong's quasi-central bank HSBC Over there, Shen Bi has made it clear that he refuses to participate in this matter. Standard Chartered believes that Hisense is too big and they cannot afford it. With no choice, Youde can only find this person who has just been identified by Fortune. Chen Zhiwen, the richest Chinese man in the world, is currently the only one in Hong Kong who has the ability to solve this problem.
"Such conditions are very good, but the transaction price has not been released yet, so I cannot make any promises." Chen Zhiwen politely replied.
Hisense's current mess is actually worse than when Hang Seng Bank was acquired by HSBC. Although Hang Seng Bank has always been larger than Hisense, in the 1960s, the gap between the so-called Great Chinese Bank and HSBC was completely exponential. At that time, it could be said that it was easy for HSBC to save Hang Seng, but now, if you want to save Hisense, you may have to pay a certain price.
What Shen Bi is currently pursuing is the internationalization of HSBC. With Hang Seng Bank, acquiring another Chinese bank will not be of much help to HSBC's business in Hong Kong. In this case, Chen Zhiwen also guessed that HSBC would not It will help, because in the original history of 1985, Hisense was taken over by the Hong Kong government, not HSBC.
"Of course. As for the price, you negotiate with the board of directors of Hisense Bank. I think they are willing to reach an agreement with you quickly, because every day, the run on Hisense Bank will only become more serious. But relatively speaking, the run on If there are too many, Mr. Chen, you may face more problems after taking over the bank, so I hope you can find a balance. My requirement is that the run event cannot affect other banks and financial companies." Youde said.
As the Governor of Hong Kong, he doesn't care who the bank is acquired by, but if the bank run spreads and causes major social and economic problems in Hong Kong, it will be a black spot on his resume. He hopes to finish serving as Governor of Hong Kong. After that, you can also enter the British Parliament!
"No problem, I will definitely ensure this balance. Don't worry, Mr. Hong Kong Governor." Chen Zhiwen promised.
The current situation was arranged by Chen Zhiwen from the beginning to the end. From the initial report, to the subsequent promotion of the run, and the report from assistant Ye Zhuangling, they were to suppress Hisense Bank's stock price step by step and minimize his acquisition cost.
Who allowed these people to deliberately make false accounts to conceal huge losses and dug a huge hole for themselves? At the same time, if it is not disclosed in advance, the losses to Hong Kong society will be even greater in the future, and a large number of ordinary people may go bankrupt. And he took advantage of this opportunity. You can also acquire a bank with a value of several billion and more than 10 billion Hong Kong dollars in deposits at a low price. At the same time, it can also ensure that the interests of ordinary people with deposits will not be damaged, or the losses will be very small. The Hong Kong government will not need to pay a large amount of fiscal revenue in the future. This thing wipes your ass.
Killing three birds with one stone, the only loss is the board of directors of Hisense Bank. There is a high probability that these people will get in anyway, and they deserve what they get.
"Okay, I hope we can cooperate like this in the future." Yoder raised his glass and said with a smile.
As the governor of Hong Kong, although he has great powers, he also has many restrictions, especially when it involves large amounts of capital investment. When fiscal revenue does not allow it, he also needs to rely on the local super-rich group.
Although consortiums such as HSBC and Jardine Matheson also gave him face as the new governor, it would be better to have one more person who can help. What's more, Chen Zhiwen's financial resources are obviously stronger than those of Jardine Matheson, and may not be as good as HSBC, but HSBC is a bank. , funds cannot be used casually.
Not to mention, in Hong Kong, the number of jobs directly and indirectly controlled by Chen Zhiwen is as high as 50,000 to 100,000. The influence is so great that the Hong Kong Governor's Office has to give him three points of face. This is what Governor MacLehose said to him before.
"No problem. As long as Mr. Governor has a request, if I can do it, I will definitely cooperate." Chen Zhiwen said with a smile.
…
After returning to Galaxy Tower, Chen Zhiwen called Li Haonan and informed him of the oral agreement reached by Governor Youde.
There will be no written evidence for this kind of thing, and the Hong Kong Governor is not a fool. This kind of transaction may leave clues to his political opponents in the future, and the same goes for Chen Zhiwen, who does not need to leave written evidence.
"Since the Governor of Hong Kong has stated that he will not interfere, as long as we control the run, we can acquire Hisense Bank at the lowest price!" Li Haonan said.
"Then let's communicate with the board of directors of Hisense Bank?" Chen Zhiwen nodded and asked: "Aren't all the people on their board of directors going in?"
Hisense Bank’s biggest problem now is that lack of money is only one of them. What’s more important is that depositors no longer have confidence in it. They are afraid that their deposits will be lost. If confidence cannot be restored, even if they give another billion, it will not be enough for a run. Yes, similar incidents in the past years only required the intervention of the Hong Kong government or HSBC to calm the situation. And if it is a smaller bank, Standard Chartered's level will be fine.
But now, only Chen Zhiwen, known as the richest Chinese man in the world, is willing to come forward.
After coming forward, Chen Zhiwen's influence and financial resources in Hong Kong need to be used to suppress the run craze. Once the run is over, Hisense Bank's real loss of 60 million US dollars can actually be handled by Hisense itself! This loss will naturally be borne by the current shareholders of Hisense Bank. Chen Zhiwen's acquisition will only be much lower than this theoretical value.
A run on any bank is the biggest risk. Everything has advantages and disadvantages. When you have great influence, you need to face this risk. This is why Chen Zhiwen did not start a bank in the early days. When other businesses are not yet firmly established, there is no need to get involved in banks. Especially in the early stage of real estate companies, they need to rely on other banks. Once they have a bank, they will become competitors with others, and now their own industry The scale is stable and large, so it seems natural to invest in banks.
Another point is that the operation of a bank mainly relies on trust. When you are not well-known enough in the early stage, you may not be able to achieve much even if you run a bank. But now, once you start a new bank, there is a high probability that most people will have a negative opinion of the bank. Confidence, so that you can obtain enough customers and deposit funds in a short time, etc. From this point of view, there is actually not much difference between entering the banking field early and entering late. The real opportunity for banking business to take off will be a few years later.
"They were arrested before, but they were not directly committing fraud. Although a lot of money was involved, the crime of cover-up was not very big. They were well-connected and rich. They applied for bail on the day they entered. The Hong Kong government also They were only restricted from leaving the port, and Huang Changzan called me yesterday," Li Haonan said.
"It's good to have money." Chen Zhiwen nodded and said, "Then let's talk about it. Hisense Bank is now a loser. Just give them some ideas and let them leave. What I need is a full acquisition."
"Okay, no problem." Li Haonan nodded and said.
On May 25, in a high-end conference room of the Hilton Hotel in Hong Kong, Li Haonan arrived here with several legal and business staff, as well as several senior executives of Hisense Bank and several shareholders.
"Huang Sheng, please sit down." Li Haonan gestured politely.
"Thank you." Huang Chang praised and a group of people from Hisense Bank also took their places.
Without much useless nonsense, the two parties went directly to the topic. After some discussion, Li Haonan reported his price: 300 million Hong Kong dollars.
Huang Changzan and others' faces turned dark, and they said: "Li Sheng, although our Hisense Bank is facing a crisis now, it was still the third largest bank in Hong Kong before. The entire bank has a large number of high-quality assets, professional talents and various types of bank assets." The business, even if it is being run on now, should not be worth only 300 million, not to mention that the headquarters building and some bank branch properties owned by Hisense Bank are not worth more than 300 million according to the current value."
Several people around Huang Changzan also agreed. Not to mention virtual assets, Hisense has built more than 300 million Hong Kong dollars in self-built properties in Hong Kong over the past decades.
"The past is the past, and it doesn't make any sense to say it was before. The company owned by our boss was not well-known in Hong Kong a few years ago. Hisense Bank's past is also the past. What I want to buy is the current Hisense Bank. As for the run, it is also Issues we need to consider." Li Haonan said: "Bank depositors are liabilities. Now a large number of creditors are demanding debts, and Hisense cannot provide enough funds. In this case, the capital chain is equivalent to being broken. After we take over, It requires a lot of money to restore.
As for the various assets you mentioned, whether they are virtual or real, the prerequisite for their existence is that Hisense Bank can survive. Otherwise, all employees will leave, and those properties will also be auctioned. Just look at the current run. According to the situation, even if these properties are sold, it will not be enough. I think there should be shareholders of Hisense Bank present, right? If Hisense is really bankrupt, not only will you not get a penny, but you will also have to bear certain responsibilities. I'm afraid there will be a lot of debt by then, right? And now if you agree to us, at least you can get some back. "
Most companies in Hong Kong are limited liability companies, that is, if they go bankrupt, the original shareholders need to bear responsibility within a certain range. In other words, if Hisense goes bankrupt, the major shareholders will need to continue to provide money.
"The run will indeed cause big problems for Hisense, but if you acquire it, with Chen Sheng's reputation, the run will stop immediately, and the large amount of funds that were run before will lose interest. These are also the bank's income. Taken together Look, in addition to the loss of 60 million US dollars, if Chen Sheng acquires Hisense, he will get a complete bank with a scale of more than 10 billion. Under normal circumstances, such a bank will not have 4 to 5 billion Hong Kong dollars, which is impossible. Acquisition." Huang Changzan said.
"So? So what?" Li Haonan shrugged and said.
"It can be said that Chen Sheng picked up a big bank in Hong Kong for nothing. He only gave 300 million. Isn't that too little? We have discussed it before we came. Our offer is 800 million Hong Kong dollars. We also asked Li Sheng to tell Chen Sheng. Huang Changzan said.
Li Haonan smiled and said: "Huang Sheng, you don't seem to understand the current situation. If we acquire Hisense, we can indeed suppress the run, but we can only suppress it by relying on the reputation of our boss. You don't think this is worthless. Right? How much money can you spend to buy our boss’s promise?”
"I understand what Li Sheng means, but the current situation of Hisense is also a way for Chen Sheng to acquire a bank at the lowest cost. If you miss this opportunity, you will have to pay a high price." Huang Changzan paused and said.
"Indeed, but if you don't sell today, after you are bankrupt, the Hong Kong government will definitely need to personally take over this mess. We can still get everything we need from the Hong Kong government then, but will you? You yourself know what the outcome will be." Li Haonan said with a smile.
This is indeed a method, but in this case, if you take over the bank, the problems caused by the run will be very big. You will probably have to spend a lot of energy and time to deal with this mess in the future. At the same time, your boss also agreed to the Hong Kong Governor. Control it within the scope of Hisense Bank, preferably as small as possible.
"As for the price, can we discuss it further?" Huang Changzan looked at each other and a few others, knowing that he had nothing to offer, and the other party was obviously convinced of him.
"You can go back and discuss it, but I can wait for you, but the depositors outside can't wait. The longer it goes on, the greater the damage caused by the run on Hisense Bank. Maybe in two days, we won't even be able to get 300 million." Here." Li Haonan said calmly.
"Okay, I will inform Li Sheng as soon as possible." Huang Changzan promised, and he also knew that time waits for no one now.
The next day, Li Haonan got a positive reply from Huang Changzan. Apparently they discussed it all night, and finally had no choice but to sell the entire bank at a low price. Otherwise, in the event of a run, they would only have to go to jail for bankruptcy liabilities. road.
After informing his boss, Li Haonan immediately held a press conference. Hisense Bank was officially acquired by Mr. Chen Zhiwen, the richest man in China, and became an independent company under him.
When the news came out, all the depositors who were preparing to withdraw their money were stunned.
(End of chapter)
