Reborn as a Hong Kong Tycoon

Chapter 119 The Purpose of HSBC

HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

Bao Yugang heard it and said, "How about the specific price, let Dapan and Lin Sheng discuss it in person?"

"Okay, I just want to meet this upstart in the business world."

Shen Congee really wanted to meet Lin Baicheng. He had no chance to meet him before, but this time it was a good opportunity. Then, let's see if he can pull Lin Baicheng into the HSBC camp and let Lin Baicheng cooperate more with HSBC.

In Shen Conge's view, a bank is not a charity, a political institution, or an Englishman's club. A bank is a bank, and the purpose of a bank is to make a profit.Therefore, the purpose of HSBC is that whoever can make money for HSBC is a good friend of HSBC.

Whether Lin Baicheng is Chinese or British makes no difference to Shen Congee. In his eyes, only Lin Baicheng can bring benefits to HSBC and whether he is a worthy partner for long-term cooperation.

Bao Yugang contacted Lin Baicheng that night and told Shen Congee that he wanted to discuss the transaction of Hutchison Whampoa shares with him face to face. Lin Baicheng agreed and agreed that he would visit HSBC the next afternoon.

The next morning, Haruko Mori came to Xiangjiang with three people.

These three people are the talents that Haruko Mori was looking for for the real estate company. They all have rich experience in real estate development, and now they are brought here for Lin Baicheng to do the final interview.

After the interview, Lin Baicheng chose a middle-aged man named Hiroto Sasaki. He has been working in the real estate industry since he started working and has extremely rich experience in real estate development.More importantly, he is not very assertive and can implement Lin Baicheng's general direction strategy very well.

"Haruko, Sasaki, except for Bailong Commercial Co., Ltd. taking 1000 million US dollars to Mitsubishi Bank and using times leverage to do long gold futures, all other funds are used to buy land. As for commercial housing for residential use or office buildings, that's fine. Let Sasaki make your own judgment based on the location."

"Remember, you must have your own engineering team. After you buy the land, you don't have to develop it all right away. You can take your time at the beginning and train the team."

"As for how to get the land, I don't need to say much, right? Find Iwasaki-kun and get the land through his relationship. I think there should be results."

Lin Baicheng talked about his arrangement aloud. Bailong Commercial Club was a company jointly funded and established by him and Iwasaki Mineryu.

"Yes, Chairman!"

Haruko Mori and Hiroto Sasaki responded at the same time.

Lin Baicheng then said to Haruko Mori: "Haruko, you can contact Iwasaki-kun after you go back, buy gold futures directly, and then deposit the delivery receipt in the bank. Without my order, you are not allowed to sell the futures."

"I'll do it as soon as I get back."

Haruko Mori nodded in understanding.

After that, Hiroto Sasaki went out first, and Haruko Mori showed several manuscripts to Lin Baicheng.

"Chairman, this is the draft of Chapter 3 of the three works of "Robot Gundam", "Macros" and "Transformers" by the artists of the comic company. Please check if there are any problems and if there is anything that needs to be revised."

"Has the work started yet?"

Lin Baicheng couldn't help being overjoyed when he heard the words, took the sketch, and started to read "Robot Gundam" first.

Lin Baicheng doesn’t care about the plots of the three works, as long as he doesn’t think it’s very bad. After all, he has only drawn 3 episodes now. How can he tell whether the plots are good or bad? Now he mainly looks at the painting style, character image, dialogue method, etc. .

"Not bad, let's draw according to this."

After a while, Lin Baicheng satisfactorily put aside the "Robot Gundam" sketch, which looked very close to the cartoon in his mind.It is simply impossible to be exactly the same, as long as it is very close. As for whether it can be successful, it will be left to the market.

Afterwards, Lin Baicheng watched "Macros" and "Transformers". Among them, "Macros" made Lin Baicheng satisfied and did not need to modify it. However, he was not very satisfied with "Transformers", and he pointed out the dissatisfaction. , Let Haruko Mori take it back and hand it over to the artist of the comic company to continue to revise.

Lin Baicheng doesn't know whether the works he is satisfied with will be popular in the market, but he thinks that with the original works in his mind as a reference, the possibility of success of the works he is satisfied with will be higher.

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(End of this chapter)