For banks, it is their nature to promote high prices and suppress low prices.
There are banks that value friendship and justice and are willing to help in times of need. Most of them are family-owned local banks, and they often pay for their own rashness.
Having already expected it, Director Wang Huiyang received the Chairman's instructions without any surprise. He cautiously asked for instructions: "Chairman, will the follow-up processing be integrated into the consortium?"
This question may seem abrupt, but in fact, it is just the result of a well-established process.
HSBC, as one of the main members of the syndicate supporting PCCW's acquisition of Hong Kong Telecom, holds a large number of pledged shares.
This is the price of a small fish eating a big fish.
The merger transaction between Yingke Digital and the British Cable and Telegraph Company did not have that much capital, so it could only be carried out with half of the company's shares and half of the bank loan.
These bank loans of more than 10 billion US dollars come from more than ten banks including HSBC, Bank of China and Citibank, especially HSBC, which accounts for half of the total loans.
This is determined by HSBC’s strong dominant position in Hong Kong and Southeast Asia. For large transactions, it is difficult to bypass this Southeast Asian financial hegemon.
Without the support of HSBC, many large-scale mergers and acquisitions would not be able to proceed at all.
for example;
In the HK$300 billion acquisition of Yingke Telecom, many people don’t know that Hong Kong tycoon Li Chaoren played a key role.
With strong support behind the scenes, Superboy got all the glory.
Li Zekai definitely did not have such a big face to leverage huge US dollar loans. It was Li Chaoren who endorsed it with the equity of Hutchison Whampoa, and finally led to the small fish eating the big fish deal that shocked the business world.
Superboy became famous in one battle.
HSBC is not related to the Li family, so it cannot afford to take any risks.
Yingke Telecom's share price has plummeted beyond recognition, with only a market value of over 20 billion left. Why is there no call for a huge loan worth over 150 billion in Hong Kong dollars?
Behind the scenes, Li Chaoren still provided support from Hutchison Whampoa, hoping to survive the cold winter of the stock market.
The idea is good, but unfortunately it is unrealistic.
Now, Wang Yaocheng is ready to take a vicious blow and give Li's consortium a heavy blow.
This moment will definitely hurt to the bone and will be unforgettable for the rest of his life.
Once the banking syndicate starts to collect debts, not only Yingke Digital Company will have to go bankrupt, liquidated and reorganized, but also Hutchison Whampoa Company, the flagship company of the Lee Group that is responsible for the loan guarantee, will change hands.
Li Chaoren has fallen too deep in order to save Superboy.
Wang Yaocheng nodded with approval; "Yingke Digital's telecommunications business is still very stable. It can provide stable revenue every year, which will help the consortium control the situation on Hong Kong Island. This is a good opportunity to intervene."
"I understand. I will arrange to control as much equity as possible and bring them under my command."
"Okay, let's continue to follow up on this matter and cut through the mess quickly."
Director Wang Huiyang said, "We will immediately communicate with Bank of China and Citibank and take concerted actions. Yingke Digital will not survive for a month. This time, Hutchison Whampoa, which is guaranteed by the Li Group, will be severely ripped off."
.”
"It's useless for us to take over the equity of Hutchison Whampoa Company. It's better to concentrate on our own Swire Properties. The mortgaged equity of Hutchison Whampoa Company can be exchanged for the Bank of China and Citibank to acquire the mortgaged equity of Yingke Telecom from them.
.”
"I will notify HSBC immediately to convey the spirit of the chairman's instructions and arrange a special team to handle it."
"very good."
A few words decided the future fate of Hong Kong Pacific Telecommunications Company. Wang Yaocheng put down the file and stopped caring. He stood up, stretched his legs and feet, and raised his wrist to check the time.
"Get ready, we'll leave in 20 minutes."
"yes."
March 16, 2001
A ray of sunset still lingered on the horizon, and the ancient London metropolitan area was immersed in the cold spring weather. The Boeing 747 special plane flying across the ocean from Hong Kong landed steadily on the runway of Heathrow International Airport.
more than an hour later
Next to Hyde Park, on the top floor of a high-end apartment
This London destination occupies the entire top floor of 1650, with a full set of modern and simple design decorations, coupled with top luxury brand home appliances and bathroom products, making luxury appear in ordinary places.
In the kitchen, which is not commonly used, is a complete set of the luxury brand Gaggenau imported from Germany. The whole set costs millions of dollars.
A simple French THG art crystal faucet is worth tens of thousands of dollars. It is truly inhumane.
The strange thing is,
If you don't know the prices of these luxury brands, the overall decoration looks simple and elegant, without any unnecessary decoration, and it feels very comfortable.
"Well, just keep it simple."
Wang Yaocheng looked around and stepped into the room.
Captain Nobita, Harrison, Bobcat, Madman and technical team leader Leclerc, who were the first to step forward, walked out of the inner room with detection equipment in their hands and nodded to indicate that they had not found any small electrical appliances that should not have been there.
"Okay, you are all tired from this long flight. Go and rest quickly to get rid of the jet lag."
"Boss hasn't had dinner yet. He can't sleep if he's hungry!"
"Oh, if you don't tell me, I would have forgotten about this. Hurry up and ask the master chef to make us a midnight snack! Don't do anything silly, just some hard vegetables such as beef and mutton. Eat well and have a good rest."
Wang Yaocheng is a man who loves sex and has not changed his living habits over the years.
After sending his men away, he quietly walked to the floor-to-ceiling window alone.
He likes to live in an open and high place, overlooking the magnificent scenery of the city, which brings a feeling of being in full control, which helps to active thinking and broaden the mind.
The Sky Tower in Victoria Peak in Hong Kong, the top floor of Viking Tower in New York, the Mediterranean Manor in Beverly Hills in Los Angeles, and the high-end apartments in London's Hyde Park are all the same.
The staff also figured out the boss's preferences. Therefore, when the Fixed Asset Management Office purchases properties around the world, it first considers the top floors of high-rise buildings, and does not consider anything other than the top floor.
Looking out the window from a distance, the night is like ink, and the ancient St. Heathrow Church is solemn and quiet under the reflection of the lights.
This religious building that has withstood hundreds of years of wind and rain, with its mottled dark sandstone texture as its main body, reveals the endless vicissitudes of time, accompanying this ancient country to witness the arrival of the new century.
Wall Street people in the United States refer to the current European Community as "Old Europe." This is a condescending and contemptuous reference, implying that this ancient continent is stubborn and clings to tradition, and has already lagged behind the times.
In fact, the beginning of modern history could not bypass this ancient continent.
Americans look down on their European relatives, and they seem to have a sense of self-indulgence, which is really exaggerated.
Wang Yaocheng's trip was not simply for the purpose of acquiring Smith's Bank, but had a more far-reaching purpose;
Complete the entire world territory of the consortium.
Without the piece of old Europe, the consortium has no soul and cannot be said to be global, let alone a cunning rabbit.
The European economy is strong and solid, and the Internet high-tech industry in the United States is in full swing, but only a spark is lit here, and then it flickers a few times before being extinguished.
This does not mean that the European economy has no merits, but that it contains treasures everywhere, waiting for those who are interested to discover them.