Reborn Capital Madman

Chapter 1258: Becoming one of the top ten banks in the world

Author: Jie Zuo

Chapter 1258: Becoming one of the top ten banks in the world

Gao Xian, who had already left London and met an old friend on the way, saw from the financial media that more than 90% of the shareholders of Midland Bank had accepted the latest progress of the acquisition plan of the New Huifeng Bank Group, and thus could

After using the compulsory acquisition laws to privatize Bank of Midland into a wholly-owned subsidiary of the new Wellington Bank Group, I breathed a sigh of relief. It was done!

Needless to say, Gao Xian has always been mentally prepared for the worst-case scenario regarding New Huifeng Bank Group's acquisition of Bank of England. For example, in one of the manifestations, Pu Weishi, chairman of the board of directors of New Huifeng Bank Group, reported to President Gao the amount of funds required.

The upper limit was HK$60 billion. Gao Xian immediately concluded that this upper limit was meant to be exceeded, and it was necessary to "open up additional financial resources" to offset the discomfort of having to be ripped off.

It’s not that Gao Xian is overly worried. Firstly, CEO Gao cannot do it personally, so that micro-operations cannot accurately control “costs”; secondly, refer to the overseas expansion experience of Asian consortiums at roughly the same time. One example is the acquisition of Sony

Hollywood's Columbia Pictures, both in its previous acquisition process and its current digestion process, is full of pitfalls. It relies entirely on the strong financial resources of Japanese companies.

It has to be said that the capital market is becoming more and more unpopular. In the past, although bullying was indispensable, it could still maintain a so-called gentleman's demeanor. Now all kinds of greed are amplifying uncontrollably.

At this time, the financial operation behind the successful acquisition of the British Bank of Midland by the New Wellington Bank Group also confirmed Gao Xian's judgment. The premium acquisition and various related management of the Bank of Midland exceeded the estimate of HK$60 billion.

The upper limit reached approximately HK$66 billion.

In addition to the 14.9% of the Bank of Mitlan shares previously owned by the New Huifeng Banking Group, the approximately 10% of the Bank of Mitlan shares owned by Gaoyi Group, which can be suspended for payment, was used to complete this transaction.

The privatization of the Bank of Midland will cost about HK$50 billion, and it will be in cash. It will all be handed over to parties with interests in the Bank of Midland in London before the end of this year.

Therefore, it is not difficult to understand that Gao Xian let the New Huifeng Bank Group secretly enter the battlefield to take a bite of the pound's flesh. From the perspective of saving a little, it is worth the trouble!

Now that the New Huifeng Banking Group's acquisition of the British Bank of Midland has been completed, the next step is for the New Huifeng Banking Group to digest the Bank of Midland, with the focus falling on the internal corporate governance struggle. This is why Gao Xian has sent out the previous responsible person.

Wen Zhiqiang, CEO of Standard Chartered Bank of Hong Kong, was considered to be an assistant to Pu Wei Shi, and then to join the new Huifeng Bank Group as an executive director.

Sometimes, "family origins" seem to be a mysterious inheritance law. Wen Zhiqiang is definitely not as cunning and cunning as his biological father Wen Enhui, but he has shown considerable talent in dealing with cunning tricks, which can be said to be faced with

Both upright plots and intrigues can be dealt with calmly.

Wen Zhiqiang has fully understood Gao Xian's idea for the new Huifeng Bank Group. He has a clear road map in his mind. The next step is to complete the acquisition of the New Huifeng Bank Group from Midland Bank. At the board of directors level, he cannot leave the group.

Take control.

A series of meetings related to this are being held at the headquarters of Midland Bank, which has become a wholly-owned subsidiary of the new Wellington Bank Group and is about to change its brand!

Wen Zhiqiang did not show any pretense of being an "imperial envoy", but showed the humility and diligence of a young man. He arrived at the place early, casually reading the newspaper, and understanding the situation calmly.

As the dust has settled on the acquisition of the British Bank of Midland by the New Wellington Bank Group, it can be said that the mainstream response from the outside world is positive and positive. For example, the new Wellington Bank Group's acquisition of more than 150 billion pounds has also

It is about assets equivalent to 300 billion U.S. dollars and more than 2 trillion Hong Kong dollars. Since then, it has become one of the top ten banks in the world. The exclamations and praises, etc., are nothing more than that. After all, it is just a matter of just watching the excitement.

, not as much as the energy that stakeholders can mobilize.

Let’s talk about the perspective of the farthest and most extensive onlookers first. In the second half of 1986, in order to maintain London’s status as an international financial center that was gradually failing to keep up with the development of the industry, the then-Saharan

The Chel government took a strong shot and fully liberalized the British financial market.

But welcome should not be said with words, and the New Wellington Bank Group's successful acquisition of the Bank of Midland has become an iconic example of foreign capital entering the UK. Even if the British-owned nature of the New Wellington Bank Group is investigated in detail, it is too complicated to explain in one sentence.

, but Bank of England's status as one of the four major clearing banks in the UK is enough to make a "welcome" statement.

From the perspective of the UK's "reassurance" about the new Wellington Bank Group's acquisition of Midland Bank, it is true that the old Wellington Bank Group's plan to relocate to London and run away from Hong Kong failed, but it can be registered in London and headquartered in London.

The new Wellington Bank Group in London is enough to dispel the so-called "security" concerns.

, Theoretically, under the New Hui Fung Bank Group, the Bank of England, Ocean Millennium Bank of the United States and Hengjiang Hui Fung Bank are parallel, while Heung Kong Hui Fung Bank "transfuses blood" to the upper-level group, serving as the new Hui Fung Bank.

The banking group successfully acquired Bank of Midland and played an undeniable decisive role.

As for the reaction from the perspective of the British banking industry, I can only say that the industry sees it more clearly. After the new Wellington Bank Group successfully acquires Midland Bank, it will become the first among the four major clearing banks in the United Kingdom.

Lloyds Bank, one of the major clearing banks, acquired one-third of the market share through the acquisition of Midland Bank, which is fundamentally different.

To put it bluntly, the British banking industry structure is not as earth-shaking as the appearance of the fourth largest clearing bank in the UK, which jumped to the first place. The new Wellington Bank Group will definitely not be able to compete with Lloyds Bank in the UK.

Compared with the luxuriant branches that have been operating locally for hundreds of years, it can only be reflected through the acquisition of the Midland Bank, and it should also be initially satisfied. In fact, the British market power pattern reflected in the ranking of the four major clearing banks in the UK is still

That same old thing.

"There will basically be no more variables outside. The focus now is to sort out the inside." Wen Zhiqiang closed the newspaper, raised his wrist, and glanced at the time.

The late-arriving attendees did not dare to look down upon Wen Zhiqiang, who had sat in the conference room early, and greeted him politely. The humble and diligent young man may have little qualifications, but the strength he represents determines everything.

On the surface, of the more than 150 billion pounds of assets of the New Wellington Bank Group, about 50% are distributed in Europe, more than 30% are distributed in the Asia-Pacific region, and more than 10% are distributed in the Americas.

But in fact, what determines whether the backbone is strong or not is profitability. Hong Kong Hui Feng Bank is the absolute leader, just like the position of Standard Chartered Bank of Hong Kong in the Standard Chartered Bank Group. Otherwise, Bank of Midland, which has fallen into unprecedented losses,

How could he become the target of acquisition?

What's more, everyone knows that Wen Zhiqiang's background is even stronger.

The seating arrangement in the conference room also reflects this status. Wen Zhiqiang sat calmly next to Pu Weishi, chairman of the board of directors of the New Huifeng Bank Group, and began to participate in the decision-making of reorganizing the board of directors.

(End of chapter)