Hong Kong 1980: The Savage Era

Chapter 367 368 [Don't be nervous, I'm not interested]

"Don't worry, there are several shareholders who have a good relationship with me and can get equity, about 15%. It will depend on our ability next." Zheng Jiachun added.

"Guo Zhiliang and other members of the Guo family hold approximately 5.64% of the shares, and Yongan Commercial Management Company's shareholding has dropped to 37.13%, for a total of 42.77%, which is about 1% less than before the sniper war."

"I originally wanted to acquire Wing On Company. The Guo family's property assets are basically under Wing On Company. Unfortunately, Wing On Group holds 61% of Wing On Company's shares, so the acquisition is impossible to succeed."

Zheng Jiachun said a lot, a lot of useful and useless things.

Luo Qihong was naturally aware of the connections between the companies under the Wing On Group. Considering that New World Development and the three major families had joined forces to attack Hong Kong Land, he asked, "Brother Chun, isn't Uncle Tong planning to attack Hong Kong Land? Will the funds be tight?"

"New World Development has little relationship with Henderson Land Development, and it already has 13 billion yuan in cash flow in its account. How about each of them split the funds in half to acquire Wing On Group?" said Zheng Jiachun.

"No problem. According to the current stock price, it will probably take more than 30 billion yuan in acquisition funds. 20 billion yuan per person, we can get 56 billion yuan in assets. It's not a bad project." Luo Qihong laughed.

The Guo family will have a headache as they have encountered takeover attempts time and again, and all of them are related to Luo Qihong.

Early to mid-October
The acquisition of Standard Chartered Bank is nearing completion, and Lloyds Bank's defeat is inevitable. It holds a total of 14.8% of Standard Chartered Bank's shares, which is even less than the 15% held by the shipping king, let alone taking Standard Chartered Bank into its pocket.

Luo Qihong's side only held 11.3% of the shares, spending HK$15 billion. Qiu Debao and Robert held a total of 19.2% of the shares, and the amount of money spent was unknown.

However, the average expenditure is already lower than Luo Qihong, after all, Luo Qihong was the last to enter.

Mandarin Oriental Hotel meeting room
The four allies in the Standard Chartered Bank acquisition case came together, and one of them was Standard Chartered Bank boss Mai Ding.

"Mr. Luo, we became friends after a fight. Last time, we lost the acquisition battle of Wheelock Properties to you, but today we have become an alliance. It really is unpredictable." Qiu Depu is a wealthy businessman in Southeast Asia. He doesn't speak Cantonese very well, but he can understand it.

Listening to Qiu Deba's mainland official language, some memories of his past life emerged from the depths of Luo Qihong's mind. He said calmly, "Yes, it's a good thing that Qiu Sheng showed mercy last time, otherwise I would have lost."

Qiu Deba laughed and said, "If I lose, I lose. There is no such thing as showing mercy. One of my strengths is that I am willing to admit defeat."

"Haha!! Mr. Qiu is so generous! I also have a lot of investments in Southeast Asia. We should have opportunities for cooperation. Mr. Qiu, don't refuse when the time comes." Luo Qihong still spoke in Cantonese.

Robert standing by looked at them in confusion, as he could not understand the language.

"Robert doesn't understand, so let's speak English. Mr. Bao, Mr. Luo, is that ok?" asked Qiu Debao, his eyes moving between Luo Qihong and Pao Yue-kong.

"No problem!" Luo Qihong and Pao Yue-kong nodded.

Pao Yue-Kong said, "Mr. Mai Ding, please explain the situation of Standard Chartered Bank to all shareholders."

"Okay, guaranteed!" Mai Ding is a genuine British man. "The current market value of Standard Chartered Bank is 135 billion yuan, and the asset value is about twice the market value, which is 2 billion yuan. Although it is several times smaller than HSBC,

Until this time, Standard Chartered Bank still considered HSBC as its rival, even though Hang Seng Bank's market capitalization had surpassed it.

All shareholders raised some opinions on the current situation of Standard Chartered Bank, except Luo Qihong who remained silent.

"Mr. Luo, what do you think?" asked Pao Yue-Kong.

Luo Qihong smiled and said, "Mr. Bao, I am just a speculator. I am not familiar with the affairs of the bank. I may cash out at a high point, so I will not express my opinion."

"Is Mr. Luo so pessimistic about the situation of Standard Chartered Bank?" asked Qiu Debao. He was quite familiar with the assets under Luo Qihong and knew about the cooperation between Luo Qihong and Guo Lingcan of Daoheng Group.

Seeing that Standard Chartered Bank boss Mai Ding looked unhappy, Luo Qihong replied, "A few years ago, I had a big conflict with Standard Chartered Bank Vice President Liu Jiehui, so I did some research on Standard Chartered Bank and I am not optimistic about its development." "A few years ago, Standard Chartered Bank was stronger than Hang Seng Bank in terms of business volume and development prospects, but now, Standard Chartered Bank's only advantage is the right to issue banknotes, and it lags behind Hang Seng Bank in other aspects."

"But from what Mr. Mai Ding said, it can be seen that Standard Chartered Bank still does not take Hang Seng Bank seriously and stubbornly believes that its rival is still HSBC. In my opinion, five Standard Chartered Banks cannot defeat the current HSBC. They can't even see their own situation clearly, so how can they talk about development?"

This made everyone think deeply, and even Mai Ding didn't dare to refute it.

"How does Mr. Luo think Standard Chartered Bank can get out of its current predicament?" asked Pao Yue-kong.

"I suggest a major purge of Standard Chartered Bank's senior management, bringing in more talent, especially those managers who lack ability but hold high positions, and then launching acquisitions of some banks in Hong Kong to expand the scale," Luo Qihong made several suggestions.

Mai Ding's face became more and more ugly. This undoubtedly touched his cake. You know, now he can only rely on the original team to control Standard Chartered Bank, otherwise it will be difficult to compete with these new shareholders.

"Lawson's suggestions are very good, but they are all big moves and can only be done one by one. If multiple actions are carried out at the same time, it will easily cause turmoil in the bank." Pao Yue-Kong made the final conclusion.

Luo Qihong smiled. Vice President Liu Jiehui was just an excuse. He had no interest in Standard Chartered Bank at all. HSBC had already achieved initial internationalization and had further consolidated its position in Hong Kong with the help of Hang Seng Bank, but Standard Chartered Bank had not yet realized this.

It can be seen that there is no cure.

After the meeting, Mai Ding approached Luo Qihong alone.

"Mr. Luo, I will deal with Vice President Liu Jiehui's matter as soon as possible and will give you a satisfactory explanation." Mai Ding stated his position.

Luo Qihong smiled and said, "Thank you very much, Mr. Boss. Let's follow the rules. I don't think Liu Jiehui's butt will be clean."

He has never been a generous person. He can be more generous to people with similar status as him, but as for people like Liu Jiehui, he will naturally get rid of them when there is a chance.

"Actually, I know all the problems that Luo Sheng mentioned, but the situation of Standard Chartered Bank is very complicated, and it is not suitable for too much shock. We can treat it slowly and achieve the goal." Mai Ding stared at Luo Qihong and said.

"Take it slow" means not wanting to give others the opportunity to interfere in the management of Standard Chartered Bank, so Madin can look for a new replacement.

"Yes!" Luo Qihong nodded, "I believe Mr. Mai Ding can do this well."

"If Luo Sheng wants to attack Lloyds Bank, Standard Chartered Bank will definitely help him with all its strength." Mai Ding continued to show his goodwill.

Luo Qihong was very clear about Mai Ding's subconscious intention. He had no intention of interfering in the management of Standard Chartered Bank.

Siu On Real Estate Company Office

Cheng Jianshen handed over a document and said loudly, "Boss, there is a little internal turmoil in Thailand's Rama Tower Company. Should we start the acquisition?"

Luo Qihong did not answer in a hurry. He opened the file and read it slowly.

"Rama Tower's current market value is HK$2.6 million, but its assets exceed HK$4.8 million. Even if it is a full acquisition, it will still be profitable. I am worried that if we don't act quickly, someone else will get there first, and our 25% stake will not be very stable."

"Does the company have sufficient funds?" Luo Qihong closed the document and asked Cheng Jianshen.

"It's still sufficient. We have 7 million yuan in funds on the books, which is enough to acquire Rama Tower." Cheng Jianshen replied.

(End of this chapter)