In Hong Kong, we build a global business empire
Chapter 570 Successfully holds 349 shares and officially becomes the major shareholder
Chapter 570 Successfully holds 34.9% of the shares and officially becomes the major shareholder
"It's already about 20%!" Hearing the other party's question, Lin Haoran chose not to hide it this time, but responded calmly.
Now that the cooperation has been confirmed, trust between both parties is important.
Besides, since the Li family has agreed, Lin Haoran is not afraid that they will dare to go back on their word.
When Dai Shi called Lin Haoran in Japan, Galaxy Securities already held 18.34%. Now several days have passed, and Galaxy Securities has been secretly increasing its holdings, so it is not surprising that it has reached 20%.
20%?
Upon hearing this data, Li Fushu and Li Guobin, father and son, couldn't help but look at each other.
This is about the same number as they predicted.
"In that case, there is still a gap of nearly 35% to 15%. I have a way that can quickly increase your shares to 35%. After that, you can vote on it through the board of directors and, with the approval of the Securities Regulatory Commission, increase your holdings to a controlling stake." Li Fushu said seriously.
"Oh? If that's the case, that's great. Please rest assured, Mr. Li, I will never forget your kindness!" Lin Haoran's eyes lit up when he heard this.
After all, the total market value of Bank of East Asia is now nearly HK$30 billion. Once the news of his acquisition of Bank of East Asia is leaked, the impact on the stock market will definitely be huge.
At that time, the share price of Bank of East Asia might skyrocket in a short period of time, which is something he does not want to see.
However, if with the help of Li Fushu, he could increase his holdings to 35% in a short period of time without being discovered by others, he would definitely be able to save a lot of money.
"Haoran, you also know that in the past two or three years, the Governor's Office has continuously issued more bank licenses. There are more and more banks in Hong Kong, especially foreign banks. The Hong Kong market is so small, but the number of banks continues to rise, so the competition is naturally becoming more and more fierce.
In addition, there are many financial companies that do banking business without obtaining a license, which makes the whole market even more chaotic. Take our Bank of East Asia for example. The deposits in the Hong Kong market have declined slightly in the past two years. Many people deposit their money in those banks that are crazy about raising interest rates just for the ridiculously high deposit interest rates.
Fortunately, our Bank of East Asia had foresight and began to layout the international market more than ten years ago. Now it has occupied a certain share in the international market, so it has not fallen into a passive situation in this fierce competition!" said Li Fushu.
Lin Haoran nodded. He had already investigated this aspect since he decided to acquire Bank of East Asia.
Hong Kong's banking industry is indeed becoming more and more complicated. Just look at the Yu Min Finance Company. In order to lend out the money, it was played around by the Carrian Group.
Come to think of it, the Jianing Group is about to collapse. By next year, the huge hole they have created will not be able to be filled.
At that time, Yumin Financial Company will be the first to be implicated, with billions of funds unable to be recovered, thus falling into a financial crisis.
Therefore, now Lin Haoran doesn’t want to have any involvement with Yumin Financial Company at all.
He had already repaid the money he had borrowed from Yumin Financial Company. Even if Yumin Financial Company was implicated by the Jianing Group, it had nothing to do with him, Lin Haoran!
Li Fushu paused for a moment and then continued, “So, although the share price of our Bank of East Asia has risen in the past two years, compared with other listed companies, the increase is not small.
This has also caused complaints from many shareholders, fund companies and investment companies. They feel that the development prospects of Bank of East Asia are not optimistic, especially with so many foreign banks pouring in, and their market share is likely to be further squeezed in the future.
Therefore, some shareholders and fund companies have the idea of selling their shares. We can seize this opportunity to contact these shareholders secretly and buy their shares at a reasonable price.
As long as I come forward, it is not difficult to convince them. After investing in Bank of East Asia, these investors or fund companies have had more or less contact with me even if they did not join the board of directors.
During this period, I will act as a middleman and introduce them to you. You don't need to reveal your identity. Just find someone to represent you and talk to them in detail. In this way, you can quickly increase your shareholding to 35% without alerting the stock market and other shareholders.
Once your shareholding reaches 35%, we can quietly hold a board meeting. I believe that the members of the Bank of East Asia's board of directors are very happy to see you become the controlling shareholder of the Bank of East Asia!"
After Li Fushu finished speaking, he stopped talking and picked up the cup of water on the table and drank from it in big gulps.
But at this moment, Lin Haoran became more and more excited.
Fortunately, the Li family actually took the initiative to submit to him. Otherwise, if he were to increase his holdings, even if he eventually succeeded in increasing his holdings to 35%, the price would definitely be high.
But if he increases his holdings as Li Fushu said, then the cost of increasing his holdings will naturally be much smaller, and the cost will involve at least hundreds of millions of Hong Kong dollars in interests.
Moreover, if he can really increase his shareholding ratio to 35% quickly without alarming the stock market and other investors as Li Fushu said, he will be one step closer to his goal of controlling Dongya Bank.
"Mr. Li, I feel much more at ease with your help. I will never forget your kindness!" Lin Haoran said with a smile.
Li Fushu put down the water cup, smiled slightly, and said: "Haoran, since my Li family has decided to follow your lead, I will naturally spare no effort to help you so that you can achieve the controlling stake of Bank of East Asia as soon as possible. I also look forward to all your companies cooperating with Bank of East Asia. By then, it will be difficult for our Bank of East Asia not to flourish.
Next, I will compile a list of shareholders and fund companies that are interested in selling shares as soon as possible, negotiate the terms with them privately, and then arrange an appropriate time for your people to meet.
As for the price, I will help you carefully consider it. You have to make sure they feel the price is fair, but you don’t have to suffer a loss. Although it is difficult to close the deal at a price lower than the market price, I will try my best to close the deal at the market price. In this way, the cost of your shareholding can be controlled within a reasonable range, thereby maximizing your benefits! "
"In that case, then I'll trouble Mr. Li!" Lin Haoran nodded seriously.
If the Li family successfully helps him take control of Bank of Asia this time, he wouldn't mind adding fuel to the Li family's position in the business world and giving them more support and resources.
When it comes to business, win-win cooperation is the long-term way.
Afterwards, the two sides continued to discuss more detailed cooperation matters in the conference room.
Finally, after almost reaching an agreement, the two parties signed a series of cooperation agreements.
After all, verbal promises are never as reliable as an agreement in black and white.
After signing the cooperation agreement, both parties smiled at each other, and there was more confidence and trust between each other.
After the deal was done, Li Fushu hurriedly took Li Guobin away from Kangle Building.
In the next few days, Li Fushu really did what he said.
He successively persuaded several shareholders or fund companies that held a certain proportion of Bank of East Asia shares.
Lin Haoran also arranged for people from Galaxy Securities to conceal their identities and negotiate with those who wanted to sell shares of Bank of East Asia.
Lin Haoran's return to Hong Kong was widely reported by the media on the third day after his return.
The man who was a master of business and a force to be reckoned with is back!
All of a sudden, Lin Haoran, who had not been in Hong Kong for several months, suddenly became the subject of heated discussion among citizens.
Some time ago, he made tens of billions of Hong Kong dollars using Toyota cars, which naturally could not be concealed. After being reported by the Hong Kong media, the citizens were shocked but proud at the same time.
After all, Lin Haoran was a native Hong Konger, but he went to Japan to make waves in the business world. With such a legendary experience, coupled with the fact that the older generation of Hong Kongers basically experienced the Anti-Japanese War, many Hong Kong elders are very hostile to the Japanese.
Although Lin Haoran did not disclose to the outside world how much money he spent on investing in Toyota Motor stock, some media had already made calculations using the price of Toyota Motor stock before it rose, and the result was that Lin Haoran made approximately between HK$60 billion and HK$70 billion in this transaction.
This data is almost the same as what they calculated, because Lin Haoran made a total of 2724 billion yen, which is about 68.1 billion Hong Kong dollars, from this investment.
Lin Haoran, a Hong Kong native, went to Japan and earned so much money from the Japanese. How can this not make people admire and feel proud?
On the eighth day after returning from Japan, good news finally came from Dai Shi. The shares he held finally reached 34.9%, officially surpassing the Li Peicai family and becoming the largest shareholder of Bank of East Asia!
And this equity share has reached the critical point that triggers new merger and acquisition regulations!
If he increases his holdings a little more, he will need to publicly announce a full acquisition of Bank of East Asia.
Of course, as long as he obtains independent shareholder approval, that is, discloses the transaction details to minority shareholders and obtains approval from a special resolution of the general meeting of shareholders (requiring more than 75% of votes in favor and no more than 10% of votes against), he can apply to the Securities and Futures Commission for exemption from the obligation to make a general acquisition offer.
As long as the CSRC approves it, he can increase his stake to 51% without making a full acquisition of Bank of East Asia, thereby gaining absolute control over Bank of East Asia.
On June 6, in a conference room at the headquarters of Bank of East Asia, several shareholders of Bank of East Asia, including Lin Haoran, Li Fushu, Li Guobin and others, were sitting around an oval conference table.
This shareholders' meeting was initiated by Chairman Li Fushu.
During this period, the Li family did not reveal the fact that Lin Haoran had become an important shareholder of Bank of East Asia.
At this moment, except for one shareholder or shareholder representative who already knew the details, the other shareholders all looked confused.
They were especially surprised to see that Lin Haoran, the famous super-rich man, actually appeared at the shareholders' meeting of their Bank of East Asia.
When did Lin Haoran become a shareholder of Bank of East Asia?
How come they knew nothing about it beforehand?
(End of this chapter)
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