Reborn Xiangjiang as a Tycoon

Chapter 119 HSBC’s Purpose

HSBC Bank.

Bao Yugang came to see Shen Zhou the day after meeting Lin Baicheng to explain his purpose.

"I do intend to sell Hutchison Whampoa's shares, but since the person who really wants to buy it is not Mr. Bao, we have to have a serious discussion on the price."

Shen Chow doesn't mind selling Hutchison Whampoa's shares. Even HSBC itself intends to sell its Hutchison Whampoa shares. Now that Hutchison Whampoa's operations have improved and the market value has rebounded a lot, the best thing to do is to sell them quickly. The best choice.

When it bought shares in Hutchison International in 1975, HSBC only spent HK$150 million to acquire more than 33% of Hutchison International's shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC's shareholding dropped to 22.5%. Based on Hutchison Whampoa's current market value of more than HK$2.8 billion, the value is over HK$600 million.

This is still early 1978. If HSBC had waited until the end of 1979 in the previous life to sell its shares, the value of HSBC's shares in Hutchison Whampoa would have been worth more than one billion Hong Kong dollars at that time. This shows how much HSBC made.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about HK$500 million, the HSBC board of directors has already intended to sell Hutchison Whampoa's shares.

Outsiders may not know the situation of Hutchison Whampoa, but as HSBC is the major shareholder and Hutchison Whampoa's main creditor, how can it be unclear?

Hutchison Whampoa did make a profit last year, with a profit of more than 100 million Hong Kong dollars, and even paid dividends to shareholders. However, that was because company doctor Wei Li reduced Hutchison Whampoa's short-term investment and took advantage of the stock index to return to above 400 points. A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa in the past.

Despite this, Hutchison Whampoa's foundation is not solid. HSBC is very aware that Hutchison Whampoa has more than 1.3 billion Hong Kong dollars in debt, of which short-term debt has reached nearly 800 million Hong Kong dollars. If this is not handled well, what happened to Hutchison Whampoa in the first place What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, faced with this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds 22.5% of Hutchison Whampoa's shares, but Hutchison Whampoa also owes HSBC hundreds of millions of Hong Kong dollars in loan debt. If Hutchison Whampoa collapses in a crisis, HSBC's losses will be more than 1 billion Hong Kong dollars.

Even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford a loss of 1 billion Hong Kong dollars. After all, having the right to issue banknotes does not mean that HSBC can print banknotes without restrictions. If it could print banknotes at will, So what else is HSBC doing? It just prints money every day.

After hearing this, Bao Yugang said: "How about we let Taipan and Lin Sheng discuss the specific price in person?"

"Okay, it just so happens that I also want to meet this upstart in the business world."

Shen Zong really wanted to meet Lin Baicheng. He had never had the opportunity to get to know each other before, but this time it was a good opportunity. Then he would see if he could bring Lin Baicheng to HSBC's camp and let Lin Baicheng cooperate more with HSBC.

In Shen Chow's view, a bank is not a charity, a political institution, or a British club. A bank is a bank, and its purpose is to make profits. Therefore, HSBC's purpose is that whoever can make money for HSBC is a good friend of HSBC.

It makes no difference to Shen Chou whether Lin Baicheng is Chinese or British. In his eyes, the only thing that matters is whether Lin Baicheng can bring benefits to HSBC and whether he is a partner worthy of long-term cooperation.

That night, Bao Yugang contacted Lin Baicheng and told Shen Chow that he wanted to discuss the transaction of Hutchison Whampoa shares in person. Lin Baicheng agreed and agreed that he would visit HSBC Bank the next afternoon.

The next morning, Maori Haruko took three people to Xiangjiang.

These three people are the talents that Mouri Haruko has been looking for for the real estate company. They all have rich experience in real estate development. Now they are brought here for Lin Baicheng to do the final interview.

After the interview, Lin Baicheng chose a middle-aged man named Sasaki Boruto. He has been working in the real estate industry since he started working and has extremely rich real estate development experience. More importantly, he is not very opinionated and can execute Lin Baicheng well. general direction strategy.

"In addition to Haruko, Sasaki, and Bailong Commercial Club taking 10 million US dollars to Mitsubishi Bank to use ten times leverage to do long gold futures, all other funds were used to buy land. As for whether to build commercial buildings for residential use or office buildings for office use, then It’s up to you, Sasaki, to make your own judgment based on the location.”

"Remember, you need to have your own engineering team. After you buy the land, you don't have to develop it all immediately. You can take your time at the beginning and train the team."

"As for how to get the land, I shouldn't need to say more, right? Find Iwasaki-kun and get the land through his connections. I think it should be fruitful."

Lin Baicheng spoke out about his arrangement. Bailong Commercial Co., Ltd. was a company jointly established by him and Iwasaki Mineryu. The two of them each took a word from their own names and combined them to form the name of the company.

"Yes, Chairman!"

Haruko Mouri and Boruto Sasaki responded at the same time.

Lin Baicheng then said to Haruko Mouri: "Haruko, you can contact Mr. Iwasaki after you go back, buy gold futures directly, and then deposit the delivery receipt in the bank. You are not allowed to sell the futures without my instructions."

"I'll do it right away when I get back."

Mouri Haruko nodded to express her understanding.

Afterwards, Boruto Sasaki went out first, while Haruko Mouri took a few manuscripts to show to Lin Baicheng.

"Chairman, these are the three-episode drawings of the three works of "Robot Gundam", "Macross" and "Transformers" by the comics company's artists. Please take a look to see if there are any problems and if there is anything that needs to be modified."

"Have you started producing your work yet?"

Lin Baicheng was overjoyed when he heard this. He took the drawing and started reading it with "Robot Gundam".

Lin Baicheng doesn't care about the plots of the three works, as long as he doesn't think they are very bad. After all, he has only painted 3 episodes now. How can you tell whether the plot is good or bad? What I mainly look at now is the style of painting, characters, dialogue methods, etc. .

"That's right, let's draw it this way."

After a while, Lin Baicheng put the "Robo Gundam" sketch aside with satisfaction. It looked very close to the cartoon in his mind. It was impossible to make it exactly the same. It was close enough. As for whether it could succeed, Then it’s up to the market.

After that, Lin Baicheng watched "Macross" and "Transformers". Among them, "Macross" satisfied Lin Baicheng and did not need to revise it. However, he was still not satisfied with "Transformers" and he raised his dissatisfaction points. , and asked Haruko Mouri to take it back and hand it over to the artist of the comic company for further modification.

Lin Baicheng doesn't know whether the work he is satisfied with will be welcomed by the market, but he feels that with the original work in his mind as a reference, the work he is satisfied with will have a higher chance of success.

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(End of chapter)