HSBC, headquartered in London, has fully acquired Smithsonian Banking Corporation, the UK's second largest commercial bank, at a cost of GBP 18.5 billion, which has aroused widespread concern among the financial community.
After the completion of the merger, HSBC improved its network layout in Europe and became the second largest multinational bank in the world, with assets under management exceeding one trillion US dollars.
This is His Excellency Lord Wang Yaocheng's latest effort to build a personal business empire, consolidate his status as the world's richest man, and will have a comprehensive impact on the world's financial landscape.
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What is interesting is;
The Times, as well as other news newspapers and television stations, commonly use the honorific title "Lord Wang Yaocheng" in news reports. In traditional European societies, this is a term of respect for the aristocracy and the upper class.
The blockbuster news conveyed in the news reports caused widespread ripples in the world's financial circles.
March 22
After the opening of the London Stock Exchange, the stocks of HSBC and Smithsonian Bank rose immediately at the opening. In particular, Smithsonian Bank performed well, rising 13.12% at the end of the day, and HSBC rose 4.37%, leading the market to rise across the board.
March 27
Good news from East Asia’s Fuso Island;
Gli Group acquired Sanyo Electric for a consideration of US$780 million and assumed a debt of US$2.14 billion, officially bringing the Sanyo Electric brand under its ownership and taking the step of a multi-brand international development strategy.
March 30
Hong Kong PCCW announced bankruptcy and liquidation, and the main creditor HSBC took the lead in bankruptcy reorganization.
It is reported that Hong Kong real estate giant Hutchison Whampoa is involved in the case due to a huge guarantee, and subsequent developments will continue to be followed.
April 2
His Excellency Lord Wang Yaocheng received the Grand Cross of the Legion of Honor at the French Presidential Palace in recognition of his outstanding contributions to human peace and poverty reduction and disaster relief.
Same day
Several cooperation agreement signing ceremonies were held;
HSBC announced that it would acquire BNP Paribas Métropole for US$1.726 billion, adding its 86 branches mainly located in the Paris metropolitan area.
HAECO acquired the Lorenzo Aircraft Maintenance Center in France for US$350 million, which owns maintenance workshops at Paris International Airport and important airports such as Lyon and Toulouse.
Toulouse is the headquarters of Airbus Europe and an important aviation hub port in Europe. It is crucial to improving the global layout of port machinery engineering.
Hong Kong Cathay Pacific Airways signed a large order with Airbus, ordering a total of 120 new passenger aircraft, including 80 single-aisle A330 passenger aircraft and 40 dual-aisle A340 passenger aircraft, with an agreement value of US$11.5 billion.
A series of whirlwind actions caused an upsurge in the European upper class to pursue His Excellency Lord Wang Yaocheng, and invitations to various evening parties and charity invitations came one after another.
late April
Netherlands, beautiful Amsterdam
"Chairman, where do you want to visit today?"
"Sorry, I don't want to go anywhere. How are the negotiations between Cathay Pacific and KLM Royal Dutch Airlines going?"
"This... I will go and find out the latest situation now."
"Go quickly!"
Wang Yaocheng waved his hand a little irritably and asked Hong Fu, the deputy director of the secretarial department, to do his work. He walked to the hotel balcony without any restraint and sat on a deck chair to enjoy the spring sunshine.
In late April in Northern Europe, the sun is charming and the breeze is cool.
The St. Regis Hotel is the world's top luxury hotel and the highest-end hotel brand under the multinational hotel group Starwood. This pastoral hotel is also the only hotel in the entire Netherlands and has the exclusive name St. Regis Hotel Amsterdam. .
St. Regis Hotel has never won by quantity, but is famous for its meticulous butler service.
The courtyard looks like a country villa, with exquisite green plants and flowers blooming everywhere, just like a colorful Garden of Eden.
Wang Yaocheng picked up a glass of French champagne. It was cold to the heart, but not chilling. The temperature was just right.
After taking a sip of champagne, he placed it on the small table. He raised his hand and handed over a cigar. The cap had already been cut off. Wang Yaocheng had just put the cigar to his lips when a burning match was handed over.
Lighting his cigar comfortably, Wang Yaocheng said with satisfaction, "Thank you for your professional service, Miss Tess."
"Everything depends on your will, Your Excellency."
Immediately, a crystal tray was quietly placed on the small table, containing various cut seasonal fruits, just enough to eat in one bite, and a delicate silver fork.
"If you need anything, please tell me."
"OK."
Miss Tess, the personal housekeeper, disappears like a shadow, as if she has never been here. She is like a cat with soft footsteps, but she will arrive as soon as you need her and provide the most professional service.
The mergers and acquisitions of aviation companies are never simple mergers and acquisitions between enterprises, and are mixed with many other things.
As the only remaining airline in the Kingdom of the Netherlands, KLM Royal Dutch Airlines ranks first among the top three in Northern Europe. Looking at Europe and even the world, it is completely inadequate.
A small country with few people is nothing more than this.
News of merger negotiations between Cathay Pacific and KLM Royal Dutch Airlines officially came out, causing an uproar in the society.
There are concerns at the government level, national preferences, certain people on the board of directors who are trying too hard to satisfy their grievances, noises from nearby countries, and the unexpected involvement of competitor Air France.
Let this matter that was going smoothly be delayed, making it difficult to decide for a long time.
Compared with Europeans of the same culture and ethnicity or Americans on the other side of the Atlantic, Dutch society has a lot of concerns about capital from Hong Kong and is somewhat disdainful of it.
It seems as if the U.S. dollars provided by Hong Kong capital are lower than others.
All kinds of rumors are spreading everywhere, and some strange arguments with Cold War mentality have also revived, which makes people feel helpless and a little angry.
It has been nearly a week since Wang Yaocheng arrived in the Netherlands. At first, he was still in the mood to visit the surrounding areas and enjoy the beautiful Nordic style, big windmills, endless sea of tulips, and the idyllic and elegant life.
As time passed, he became tired of aesthetics and became a little impatient.
What a mess!
An ordinary corporate merger and acquisition is so complicated. From this, we can see how difficult it will be to conduct cross-border mergers and acquisitions when the China threat theory becomes rampant.
Enterprises will be repeatedly inspected under a magnifying glass, and cross-border development is particularly difficult.
It is precisely for this reason that we must seize this rare historical opportunity.
Bathed in the warm sunshine, at some point, Wang Yaocheng fell asleep on a comfortable lounge chair, covered with a warm pure wool blanket.
Even a European-style screen was opened in the direction where the cold sea breeze was blowing to protect it from the cold wind.
"Chairman..."
"Oh, I fell asleep!"
Wang Yaocheng woke up from his sweet dream and looked up to see Director Wang Huiyang and Deputy Director Hongfu of the Secretariat standing beside him. Not far away, President Huo Jiaguang, President Zhang Shuguang and others who were involved in the negotiations were admiring the lush green plants and flowers.
"How long have I been asleep?"
"Chairman, you slept for an hour and 20 minutes. You slept soundly and were already snoring. We were afraid that you would catch the cold outside, so we had to wake you up." Director Wang Huiyang stood beside him and whispered back.
"Oh, um... Iemitsu, please wait a moment, I'll go to the room and wash my face and come over." Wang Yaocheng said and stood up, moved his neck, and threw the thin wool blanket on the recliner.
"Hehehe, we have nothing to do. Chairman, you can take a shower and rest for a while."
"Okay, I'll go and wash it, and you can enjoy the gardening slowly!"
The words have not yet fallen
Wang Yaocheng's tall figure disappeared through the door, leaving only the unpretentious and humble CEO Huo Jiaguang, his head covered with black lines, standing helplessly and messy in the courtyard.