In Hong Kong, we build a global business empire

Just like the three dukes and five marquises in ancient times, even if they paid homage to the almighty emperor, they still held a respected position second only to the emperor and above everyone else.

The Li Peicai family does not seek to become the most powerful family in Hong Kong, but only to always be among the core top circles of Hong Kong's business community, just like the three dukes and five marquises in ancient times, to continue the glory of the aristocratic family from generation to generation.

Perhaps, now only Lin Haoran can help them.

After his son Li Guobin's persuasion, Li Fushu's worries gradually dissipated.

He looked out the window at the prosperous yet turbulent Hong Kong, and thought to himself that their Li Peicai family had been passed down for nearly a hundred years, but was now gradually declining due to the changes of the times. Naturally, he was very unwilling to accept this.

Now that his son's analysis was clear and logical, Lin Haoran did have the ability to change the fate of the Li family. If he continued to be stubborn, the Li family might really miss this rare opportunity.

"Forget it, Guobin, let's do as you say, cooperate with Lin Haoran, and give him the controlling stake of Bank of East Asia. From now on, our Li family will follow Lin Haoran's lead.

But cooperation is no joke, every clause and every detail must be carefully considered to ensure that the interests of our Li family are not harmed." Li Fushu sighed, his eyes showing both expectations for the family's future and a hint of worry that was hard to let go.

Next, the two chatted about many details.

At the same time, in Lin Haoran's office, Ma Shimin knocked on the door gently, and then walked in with steady steps.

Lin Haoran glanced at his watch casually and was slightly startled. He was surprised to find that Li Fushu and his son had been discussing in the conference room for nearly an hour.

He couldn't help but wonder secretly, could it be that the father and son had a disagreement during the discussion?

After Ma Shimin sat down, Lin Haoran smiled and said to Ma Shimin: "Mr. Ma, do you think that the Li family will eventually agree to our conditions?"

Lin Haoran proposed to have absolute control over the Bank of East Asia. The meaning behind this is obvious.

Absolute control at the general decision-making level means that the shareholding ratio needs to exceed 50%!

Therefore, Lin Haoran’s goal is to hold 51% of the shares of Bank of East Asia. In this way, as long as he does not actively hold on to the shares, Bank of East Asia will always be controlled by him.

Although the SFC has previously implemented a new policy to lower the threshold for triggering the "Code on Takeovers and Mergers" from the original 50% to 35%, that is, once more than 35% of the shares are acquired, a general acquisition offer must be made to all shareholders.

However, there is a way to allow him to hold 51% of the shares while maintaining the company's status as a listed company!

According to the detailed provisions in the latest "Code on Takeovers and Mergers", there are three situations in which the CSRC allows exemption from the obligation to make a general offer.

First, independent shareholder approval: that is, the transaction details are disclosed to minority shareholders and approved by a special resolution of the general meeting of shareholders (more than 75% of the votes in favor and no more than 10% of the votes against);
Second, financial rescue exemption: if the target company faces financial crisis, the acquirer can obtain controlling stake by injecting capital;
Third, arrangement of agreement: restructuring the equity structure through an agreement approved by the court to bypass the mandatory offer requirement.

As for the first item of independent shareholder approval, as long as the Li Peicai family can be convinced to cooperate in promoting the controlling stake in Bank of East Asia, then there will obviously be a lot of room for maneuver.

When his shareholding reaches 35%, plus the 32.3% held by the Li family, plus some shareholders on the board of directors now, 75% support will not be difficult at all!

As for whether there will be more than 10% of votes against?

Even a fool knows that once Lin Haoran takes over Bank of East Asia, it will definitely be a great benefit to the bank.

In this case, who would object?

What's more, although he has no intention of privatizing Bank of East Asia, it does not mean that he does not have the ability to privatize Bank of East Asia!

Ma Shimin, who was sitting opposite him, thought for a while and said, "Boss, in my opinion, your acquisition of Bank of East Asia will do more good than harm to the Li Peicai family, which holds a full 32.3% of the shares.

The Li family has fallen into decline now. Although they are still a wealthy family in Hong Kong, their position in the complex and ever-changing Hong Kong business world is precarious. By cooperating with you and leveraging your resources and influence, the Li family may be able to revive and once again become a core member of the Hong Kong business world.

Moreover, the cooperation conditions you proposed also fully take into account the interests of the Li family, and they have no reason to refuse. "

Lin Haoran nodded. He was determined to acquire the Bank of East Asia.

If the Li family actively cooperates, he doesn't mind giving a helping hand to the Li Peicai family, allowing them to regain their foothold in the Hong Kong business community and share the glory.

After all, one more ally is better than one more enemy.

Moreover, the Li family does have extraordinary experience and connections in the banking industry.

These intangible assets will undoubtedly be of great help to Lin Haoran in controlling Bank of East Asia and expanding its business territory in the future.

But if the Li family rejects his cooperation conditions, don't blame him for being rude, as he will even take away the management rights.

Lin Haoran's eyes flashed with a sharpness. He naturally understood that in the business world, sometimes one must show a tough side. If the Li family refused to cooperate, he had plenty of ways to make them regret it.

After all, after the successful acquisition of Bank of East Asia, it is not necessary to use the Li family. It is entirely possible to poach some top professional managers who run banks from other banks.

Of course, unless it is absolutely necessary, he still hopes to continue to use the Li family to help him manage the Bank of East Asia.

Even in the 21st century, this family still sits firmly at the top of Hong Kong's banking families, which is enough to show that they have a deep foundation and outstanding capabilities in running banks.

Lin Haoran knew that if he could use these advantages of the Li family for his own benefit, he would not have to worry too much about the affairs of the Bank of East Asia in the future.

At this moment, there was another knock on the door.

The person who came in was Ma Shimin's assistant.

"Boss, Mr. Ma, the talks with Mr. Li have been completed. He asked me to come over and call you over." The assistant said respectfully to the two.

"In that case, let's go over there. I also want to see what conclusion they have come up with after nearly an hour of discussion." Lin Haoran said to Ma Shimin with a smile.

Ma Shimin nodded, stood up with Lin Haoran, walked out of the office and went to the meeting room.

There were still only Li Guobin and Li Fushu in the conference room.

After the two men walked into the conference room, Ma Shimin closed the door behind them.

"Mr. Li, Mr. Li, I think you have almost finished your discussion, right? How do you decide?" Lin Haoran asked after sitting down.

Li Fushu was solemn when he heard this, and said in a deep voice: "Mr. Lin, after careful and in-depth discussions between father and son, we have decided to accept your terms. You will control the controlling rights of Bank of East Asia, and our Li family will continue to be responsible for the management of the bank.

However, this matter is of great importance to our Li family and Mr. Lin. We still have to carefully consider the many details that follow and ensure that the interests of both parties are protected to the greatest extent possible."

When Lin Haoran heard this, he smiled with satisfaction and said, "Mr. Li is so wise and righteous. I will also do my best to protect the interests of the Li family. Together, we will surely take Bank of East Asia to a higher level."

The Li family did not disappoint him.

Since Li Peicai's family has agreed, it means that the Bank of East Asia will basically not be able to escape from his control.

Otherwise, if the father and son refused to cooperate, even if he was likely to win, the financial cost and energy required would certainly be considerable.

Today, the Li family is considered to be a wise family that knows how to adapt to changing times.

Seeing his father's statement, Li Guobin quickly leaned forward, his eyes full of sincerity, and said, "Mr. Lin, I, Li Guobin, would like to express my position to you. From now on, our Li Peicai family will follow your lead.

In the Hong Kong business world, although our Li family has had a glorious past, we also understand that it is difficult to support the business alone. You have extraordinary business acumen and extensive network resources. It is a blessing for our Li family to be able to cooperate with you.

No matter what happens in the future, as long as you give the order, our Li family will go all out! We will also do our best to manage the Bank of East Asia and develop it better and better! "

Li Fushu nodded slightly and added: “Mr. Lin, Guobin is right. Although our Li family has some experience and connections in the banking industry, the times are different now. If we want to continue to move forward in this complex business world, we must rely on new giants like you.

Guobin and I have just thought it over. We are willing to tie the fate of the Li family to yours and become a solid backing for your business. From now on, all actions of the Li family in the Hong Kong business community will be based on your interests and will advance and retreat with you. "

When Li Fushu finished speaking, both Lin Haoran and Ma Shimin were extremely surprised.

The Li family father and son, are they showing their loyalty to him?
This is one of the four major families recognized in Hong Kong!
As a result, the Li family now told him that they would follow his lead from now on?
This was really beyond his imagination.

Originally, he thought that it was a very good result that the Li family agreed to his conditions.

But he didn't expect that the Li family actually planned to completely submit to him.

Especially Li Fushu, this old man in his seventies, always called him "you" in front of him, which was a bit too respectful, giving Lin Haoran goose bumps all over his body.

Although the Li family is indeed gradually declining compared to those rising values, they are still bigger than a horse after all, and they still have an influence in Hong Kong's business community that cannot be ignored.

Lin Haoran was really flattered by seeing the emperor lower his posture like this.

Of course, Lin Haoran was filled with excitement. After all, the other party was as famous as the Li family, one of the four famous families in Hong Kong! (End of this chapter)