In Hong Kong, we build a global business empire

Chapter 565 I want the controlling rights, and the management rights are given to you
At this time, Ma Shimin, who was sitting next to Lin Haoran, also spoke up: "Mr. Li, you also know our boss's character. The listed companies he likes basically cannot escape being acquired. You might as well make an offer. Given our boss's past character, he will privatize the companies he acquires if possible."

In fact, this sentence was just a tentative question asked by Ma Shimin on behalf of his boss.

Although in Hong Kong, listed banks can be privatized like other ordinary listed companies.

But Lin Haoran never thought about privatizing Bank of East Asia. After all, there was no need for it.

Looking around the world, almost all well-developed banks are listed companies.

It is almost impossible to find banks that have developed from individuals or private consortiums.

Having decided to acquire Bank of East Asia, Lin Haoran naturally expected it to flourish and become a bank with global influence.

Therefore, maintaining its listing status is of vital importance.

When Li Fushu heard what Ma Shimin said, he felt a slight chill in his heart.

He naturally knew Lin Haoran's style of doing things in the business world. Any company that he targeted would most likely be acquired.

Li Guobin on the side wanted to say something, but Li Fusu pulled the corner of Li Guobin's clothes, and Li Guobin immediately stopped talking.

“Mr. Lin, I understand that Mr. Ma might be joking, but we feel a little uneasy when we hear this. Bank of East Asia is the fruit of the hard work of several generations of our Li family, and it embodies the glory and honor of our family.

You proposed to privatize Bank of East Asia, which is absolutely unacceptable to us. To be frank, I don't know how many shares of Bank of East Asia you hold, but I am sure that our Li family holds more shares than you.

Therefore, even if you have abundant funds, we also have enough means to prevent the acquisition. However, I took the initiative to contact you because I sincerely hope to discuss cooperation with you. If you are really sincere, we can sit down and discuss the specific details of the cooperation and jointly plan the development of Bank of East Asia.

But the premise is that our Li Peicai family's control over Bank of East Asia must not fall into the hands of others. It is even more impossible for you to acquire Bank of East Asia in full and withdraw it from the stock market!"

After hearing this, Lin Haoran roughly knew the other party's bottom line.

He smiled and said, "Mr. Li, I'm not such a domineering person. How about we each give in?"

Upon hearing this, Li Fushu asked, "What does Mr. Lin mean?"

"I control Bank Asia, but I give the management rights to your Li family. This way, everyone will be happy!" Lin Haoran expressed his thoughts.

Li Fushu frowned and immediately retorted: "Mr. Lin, how can this be considered a concession? The controlling rights and management rights should not be separated so easily. The controlling rights mean a decisive influence on the major decisions of the bank.

If you control the controlling rights, even if we hold the management rights, we will still be restricted at some critical moments, and you can even seize the management rights at any time.

Our Li family has been operating Bank of East Asia for many years and has a mature management system and a professional management team. We have always upheld the management rights, and the controlling rights are the foundation of our family and will never give them up easily. "

Lin Haoran was not in a hurry to continue the conversation on this topic, but turned to Ma Shimin and asked, "How much cash do we have in our Jardine Matheson Group account now?"

"Boss, we currently have more than HK$60 billion in funds in the main account of our Hong Kong Land Group, and this amount does not include the funds submitted by the sub-accounts of our branches.

In particular, Dairy Farm International had more than HK$20 billion in its account last month; and Hong Kong Telephone Company also had HK$5 million in cash in its account.

As for the Land Leasing Company, Mandarin Oriental Hotel, Galaxy Securities Company, Kwai Chung Pier and other subsidiaries, I won’t mention them! "Ma Shimin immediately understood what his boss meant, so he replied with a smile.

Before Lin Haoran went to Japan at the beginning of the year, the Hong Kong Swire Group had more than 40 billion Hong Kong dollars in its account. However, Lin Haoran took away 2 billion Hong Kong dollars to invest in Japan. In addition, a bank debt of more than billion Hong Kong dollars was repaid in February.

In the past few months, although the Hong Kong Land Group has continued to invest in fast-moving consumer goods brands through Dairy Farm International, many of these brands actually do not cost much money. The company has bought more than 30 brands with only a few hundred million Hong Kong dollars spent.

Like the famous Red Bull in later generations, at that time, it had not yet gone beyond Thailand and had not yet gained popularity, so Dairy Farm International only spent a few million Hong Kong dollars to acquire the company.

In addition, other investments, such as the construction of real estate projects, the acquisition of diversified businesses, etc., also cost a lot of money.

But there are expenditures, and there are also gains. Some of the real estate projects under the Hong Kong Land Group have sold well and recovered a lot of funds.

After the acquisition of diversified enterprises, some businesses have also achieved profitability through integrated operations.

In addition, subsidiaries such as Kwai Chung Terminal, Dairy Farm International, property leasing, hotels, financial securities, etc., also continue to generate profits for the Hong Kong Land Group.

Therefore, all in all, the group still has relatively ample funds in its accounts.

"Mr. Li, as far as I know, the total deposit of your Bank of East Asia is only over 6 billion Hong Kong dollars. The cash held by my Hong Kong Land Group alone is far more than this amount, not to mention that I also have many companies under my control, such as Wanqing Group, Hong Kong Electric Group, Oriental Press, Kowloon Motor Bus, China Gas, etc.

If the cash flow of all my companies goes through Bank of East Asia and the funds are deposited in Bank of East Asia, and I, Lin Haoran, use my influence in the business world to attract more customers from other banks to Bank of East Asia, do you think that after I take over Bank of East Asia, is it possible for it to surpass Hang Seng Bank and become the second largest bank in Hong Kong after Huifeng Bank? "Lin Haoran asked with a smile.

Let’s not even talk about surpassing Huifeng Bank. It is definitely impossible to surpass it, at least in a short period of time, especially with the full support of the Governor’s Office.

Because Huifeng Bank is so powerful that it can rank among the top ten in the world. More than 100 billion Hong Kong dollars in deposits is no joke!
Moreover, Huifeng Bank is actually related to the interests of the British side. Lin Haoran wants to use the Bank of East Asia to fight Huifeng Bank alone, but he has no chance of winning.

However, it would be good news if it could surpass Hang Seng Bank.

Over the past few decades, Hang Seng Bank has always been the second largest bank in Hong Kong, even surpassing foreign banks such as Standard Chartered Bank and Citibank.

Even though Hang Seng Bank was hit by a bank run and was acquired by HSBC Bank, its second-largest position remains unshakable.

However, with the Hong Kong companies that Lin Haoran currently controls, if all of them cooperate with Bank of East Asia and all cash flows go through Bank of East Asia, coupled with Lin Haoran's appeal in Hong Kong, it would not be a problem for Bank of East Asia to surpass Standard Chartered Bank and Hang Seng Bank and become the second largest bank in Hong Kong in a short period of time.

After hearing what Lin Haoran said, Li Fushu couldn't help but feel a little upset.

Even Li Guobin, who was standing next to him, was moved.

Surpassing Hang Seng Bank and Standard Chartered Bank is undoubtedly an extremely tempting prospect for Bank of East Asia.

In terms of customer deposit amount, Bank of East Asia is currently second only to Bank of Hong Kong and Hang Seng Bank among Hong Kong's local banks.

But if foreign banks are included, Bank of East Asia can only rank fourth.

Although Standard Chartered Bank's main business is in the UK, it has the right to issue banknotes in Hong Kong, just like Bank of Hong Kong. It has a history of more than 100 years in Hong Kong, so it also has many customers in Hong Kong.

Hang Seng Bank plays an important role in Hong Kong's financial sector. In Hong Kong, its customer deposits surpass Standard Chartered Bank and are second only to Bank of East Asia. If it can surpass it, Bank of East Asia will reach a new height.

However, the issue of controlling rights remains a thorn in the side.

Having lost their controlling stake, even if Bank of East Asia surpassed Hang Seng Bank, for the Li family, it would be nothing more than a wedding dress for others. Behind the glory, it is difficult to hide the loss and unwillingness.

"Mr. Lin, if we lose our controlling rights, even if Bank of East Asia becomes the largest bank in Hong Kong, what relationship will it have with us?" Li Fushu said in a deep voice.

"Mr. Li, you might as well take a look at the example of Hang Seng Bank. As early as 1965, it was acquired by Huifeng Bank, but the management rights have always been firmly in the hands of Mr. Ho Sin Hang, and the position of chairman of Hang Seng Bank has always been held by Mr. Ho Sin Hang.

This shows that even if it loses its controlling stake, the Bank of East Asia has not deprived Mr. Ho Sin Hang of his management rights over Hang Seng Bank. If Mr. Li agrees to this, I can not only ensure that your Li family will continue to control the management of the Bank of East Asia, but also the shares you hold will continue to increase in value with the capital injection and cooperation of my major companies.

You know, the current market value of Bank of East Asia is less than 3 billion Hong Kong dollars, but once I inject capital and become a controlling shareholder, using my resources and influence to promote development, the market value of Bank of East Asia is very likely to quickly break through the 10 billion mark, or even develop in a higher direction.

By then, the value of the shares held by your Li family will inevitably rise. You have only lost the controlling rights, but you still hold the shares of Bank of East Asia. When Bank of East Asia surpasses Hang Seng Bank, there will be countless benefits for your Li family. How can you say that it has nothing to do with you?
What's more, I can now tell you very clearly that if I forcibly acquire the Bank of East Asia, I think with your Li family's current financial strength, you should not be able to stop me.

The reason why I choose to negotiate with you is because we are all Chinese financial groups. If it is a British financial group, I will not give it any face. I think your Li family should be very clear about the example of Jardine Matheson. "Lin Haoran said with a smile.

Lin Haoran's words, with a bit of sincerity and confidence, made Li Fushu fall into deep thought.

(End of this chapter)