Chapter three hundred and seventy-two British capital change coach
Although Nubigian, the chairman of the Jardine Matheson Group, is just a part-time worker, he has been the leader of the British-funded consortium since he became the chairman of the Jardine Matheson Group. Especially in the battles with Chinese capital, he was also the leader.
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It is a pity that the disastrous defeat in the stock market confrontation with Li Guangyu caused the major shareholders of Jardine Matheson Group to completely lose trust in him. The Keswick family, the major shareholder of Jardine Matheson Group, even sent the heir Henry Keswick to Xiangjiang.
, took over the Jardine Matheson Group, hoping to restore Jardine to its glory under its leadership.
At three o'clock in the afternoon on the 18th, Henry Keswick, who had just arrived from London, presided over a high-level meeting of the Jardine Matheson Group without taking any time to rest. All the senior leaders of the major Jardine Matheson Group attended the meeting.
Henry Keswick announced the decision of the group's shareholders in the conference room to remove Newbigian from his positions in the major groups of the Jardine Matheson Group. From now on, he will serve as chairman of the board of directors and president of the Jardine Matheson Group.
At the same time, Henry Keswick asked the senior management of each group to continue to lead the development of the group. Now that the current difficulties are only temporary for the Jardine Group, he is confident that he will work with everyone to lead the Jardine Group to reach new heights.
Although the high-level officials here were excited to deal with Henry Keswick, everyone was not too cold to some of his slogans. The young man who had just arrived probably didn’t quite understand the current situation in Xiangjiang, and was still thinking about Yihe.
It is simply unrealistic to restore the dominant position in Hong Kong in the 1970s.
Not to mention anything else, the Jardine Group cannot get through the Lee Group, especially when it was reported today that the Lee Group and the British-funded consortium were competing in the stock market. There must be its own group, otherwise how could Newbigen
If he was suddenly dismissed from his position, he would have suffered a huge loss in the stock market and caused heavy losses to the group.
After the meeting, Henry Keswick specially conducted a work handover with Nubigian and also learned about the current situation of Jardine Matheson Group.
Newbigian himself is very relaxed now. After the stock market plummeted yesterday, he knew that he would definitely not be able to keep his job, and he had already been prepared for it.
Over the years, Nubigian has often been exhausted from working for the Jardine Group. Now he can take a good rest. Especially these few confrontations with the Li Group made him feel a deep sense of powerlessness. Every time he felt
I thought I could win, but every time I failed, I was the one who failed. Now I no longer have to manage the Jardine Group, and I finally don’t have to be constantly wary of Li Guangyu’s attacks on Jardine’s companies.
Henry Keswick invited John Swire, John Madden, Shenbi and Powell Wilson to the Mandarin Oriental Hotel that night to discuss how to deal with the orders in their hands.
Yesterday afternoon alone, their Jardine Group filled in several billions. Even if their Jardine Group expands its business, it will not be able to survive. Moreover, this was only yesterday. As soon as the market opens next week, they will probably need to make up the money by then.
Funds, currently no one has taken over these orders.
This time in the competition with the Lee Group in the stock market, not only did Newbikin step down, but its chief executive at Standard Chartered Bank, Powell Wilson, was also reprimanded by the London headquarters. At the same time, a meeting was being held there. His position in Hong Kong was
The countdown has also entered.
John Shihuai Ya and John Madden were removed from the heirs by the family and lost the qualifications of the family heirs.
Among all the others, Shen Bi is better off. The number of orders taken over by HSBC this time is relatively the least, and HSBC's profits are also quite strong. The loss this time will at most reduce HSBC's profit this year by more than half. That's all.
You must know that last year, HSBC's profit exceeded 1.6 billion Hong Kong dollars. This time they just took over a 2 billion Hong Kong dollar order from the Lee Group. Even if the stock market fell by half again, their losses would only be more than 1 billion. HSBC would still Can afford to accompany you.
In a private room of the Cultural Oriental Hotel, Shen Bi, Henry Keswick and others were discussing how to deal with the orders currently in hand.
Henry Keswick said: Mr. Shen Bi and Mr. Wilson, we now have to find a way to get rid of the orders in our hands as soon as possible. We at Jardine Matheson Group cannot bear such losses. Our group does not have so much funds to fill this hole. Your Securities The ministries should think of a way.
Powell Wilson feels that it doesn't matter now. He is about to resign. He should let the new chairman handle these issues. Even if he agrees, he will not have the right to make the decision by then.
Shen Bi said: Keswick, it's not that we at HSBC don't want to trade, but that there is no one to take over the transaction. Today, the market is full of short orders, and long orders are almost extinct. If you want to find someone to take over the order within a few days, I'm afraid It's difficult.
Henry Keswick's face looked a little ugly. Why did the major shareholders agree to Nubigian's suggestion in the first place? As a result, Jardine Matheson Group is now facing tremendous pressure. A bad group will be doomed.
Henry Keswick said: Shen Bi Wilson, we at Jardine will no longer cover our positions anyway. If the stock market continues to fall, you can close your positions.
After Henry Keswick finished speaking, John Swire and John Madden also said that their group had decided not to cover their positions for the time being, and would close their positions if they fell.
Shen Bi's face looked a little ugly. These companies in their HSBC Securities Department have orders worth 23 billion. If they don't care about it, how can HSBC be able to trade them all in a short time, even if they find some money in the end? I am afraid that it will be difficult for the group to make up for its losses in a short period of time.
Shen Bi said: Keswick, you have to think clearly, we can find someone to trade, but if the trade cannot be made, the loss will still be yours. If you continue to control it, maybe the stock price will rise by then? Your losses are already quite big now. Okay, why not take a gamble again.
Henry Keswick would not listen to Shen Bi's advice and continue to fill it with funds. If the stock market did not rise by then, his own Jardine Matheson Group would be brought down first.
Henry Keswick is now ready to delay. This stock market transaction is a bottomless pit. Who knows what will happen then. Anyway, this transaction is guaranteed by HSBC and Standard Chartered. Let them hold on to it first. If you can't get out in the end, you won't be able to escape. We can only ask the family for help. Unless we sell some of our group companies, Jardine will not be able to make up for this loss.
Henry Keswick said: Mr. Shen Bi, see if you can contact Li Guangyu to end this transaction.
Shen Bi was speechless. Do you think Li Guangyu is a fool? He has been planning this for more than a month and has just started making money. How could he agree to such a request? It's just a joke.
Shen Bi said: Keswick, I cannot persuade Li Guangyu to end this transaction early. If you think it is possible, you can contact Li Guangyu. If it happens, we will all thank you.
Henry Keswick also knew that there was no chance, but he still wanted to visit Li Guangyu. He wanted to see what kind of person this young man who had caused countless troubles to Jardine Group in the past two years was, and what kind of person he was. After mastering Yihe, you will be prepared.
Henry Keswick said: I will visit Mr. Li Guangyu. As for the result, I think you yourself know it. I still hope that your investment department can find someone to take over the project as soon as possible. We at Jardine Matheson Group currently do not have the funds to invest in this project. It's inside.
Shen Bi said to Henry and others: We will find people here who are willing to take orders. You can also think of ways from other places. For example, you can try to influence the government and ask them to be the intermediary to see if you can make it happen. Li Guangyu ends the transaction early, so that your losses will be less.
Henry Keswick was noncommittal about this. Even though he was doing well in Hong Kong, his influence in Britain was not very great. On the contrary, the Li Group was there, and Du Yuemei had a close relationship with the senior leaders of the British government and the Conservative Party. Well, Shen Bi's suggestion has no effect at all.