Chapter Five Hundred and Twenty Sixth Share Distribution
In a private room at the Peninsula Hotel, Li Guangyu, Lee Shau Kee, Zheng Yutong, Li Guobao, Feng Jingxi and others discussed the corporate bond issue of CITIC Group.
Feng Jingxi said: "Guangyu, Zhaoji, I'm afraid I'm the only one here who has the least involvement in that side. Your private businesses will need to go there to develop in the future. I don't know what your plans are for this matter?"
Feng Jingxi himself is engaged in the financial industry, and his business is mainly in Hong Kong and Europe, so he does not take it seriously.
This time, if Li Guangyu, Li Shauji and Guo Desheng are willing to take over the bond, then he will also contribute. If they are unwilling to take action, he does not have to take care of it.
The people here are all weighing the gains and losses here. Even if they all take action at the same time, it will cost one or two hundred million Hong Kong dollars for one family. This is the time to hoard funds, and the profits here are huge.
There is another problem they have to face. The current situation in Xiangjiang is relatively calm on the surface, but in fact there is an undercurrent surging underneath, so they have to make more preparations.
Li Ka-shing said: "We also need to take into account some of the situation of CITIC Group and the market of 1.2 billion people in the mainland. Although we still have many companies that cannot enter, I think as the reform and opening up of the mainland deepens, those of us
Enterprises will be able to enter sooner or later. In this regard, it is still necessary for us to take over this bond business."
Everyone here knows how big the market is over there, and they all want to occupy the entire market, but that is a matter of the future, and now it is related to real profits. If it were not for considering the huge market, the huge profits contained in it
, they don’t have to be so entangled now.
Li Guangyu doesn't want to take the lead this time. He knows that as long as he agrees to take over the bond, they will definitely agree. However, Li Guangyu himself will take the lead by then, and they may symbolically
Li Guangyu doesn't want to hold a little bit of CITIC bonds.
Seeing that no one answered, Stanley Ho said: "Everyone is thinking about the mainland market, and we all know this tacitly. Now that the other party has approached us, we still have to make a decision as soon as possible so as to give them an answer.
It also makes it easier for others to make early arrangements for future matters.”
Stanley Ho knew that these people must be waiting for Li Guangyu to speak, and were preparing to push Li Guangyu out to take the lead, so that they could follow behind without taking too big risks.
Seeing this, Guo Desheng said: "Guangyu, Jingxi, Guobao, Youqing, how many CITIC bonds can your bank's securities department take?"
Guo Desheng knew that many of their banks had customers who entrusted their funds to be managed by their banks, with a fixed rate of return every year. He wanted to know if the investment funds in these banks could win over the bonds.
If a few banks were viable, people like them wouldn't have to worry.
Several bank leaders are not very happy. Although the annual interest rate offered by CITIC Group is a little higher than what they give to their customers, they can reap higher profits by investing the funds in other places.
Li Guobao said: "Guo Sheng, our bank also needs to eat. If we use all the funds in the investment fund account to purchase CITIC Group corporate bonds, how can our bank still make profits? Our family's main business is in East Asia.
Bank, if this is not profitable, my position will be replaced soon."
Not to mention Li Guobao, even Feng Jingxi didn't want their banks to take over this corporate bond. Just kidding, they opened banks just to make money, and investment has always accounted for the main income of the bank. If this area
If they can't make much money, why are they talking about development?
Now the situation is that everyone knows that they are going to take the bond, but when it comes to capital investment, no one is willing to pay a big share.
Li Guangyu said: "Uncle Zheng, Li Sheng, Chen Sheng, Uncle Jiu..., everyone has no objection to taking this bond now."
Zheng Yutong, Li Guobao, Li Ka-shing and others naturally have no objections to this. None of these people want to expand their companies to the mainland. How can they give up on the market of 1.2 billion people there?
Li Ka-shing said: "Guangyu, we have no objection to this, but this is 2 billion Hong Kong dollars. Apart from you, no other family here can come up with such a large sum of money."
Li Guangyu will not be so stupid as to come up with this fund alone. This time he will provide a little more than other families, but it is impossible for him to bear more than half of it by himself.
Li Guangyu said: "I have roughly thought of a plan, and we will discuss it to see if it is feasible. This time, half of the bond will be taken by Xiangjiang Investment Company, two-fifths will be taken by our major banks, and the remaining
The bottom line will be taken by He Investment Company."
Everyone here is considering Li Guangyu's plan. Seven major families including Li Guangyu and Li Ka-shing of China Investment Corporation will take the share of the billion Hong Kong dollar bond, and then Li Guangyu, Li Guobao, Feng Jingxi, Chen Youqing and Feng Jingyao will take the share of the five major banks.
Of the 800 million Hong Kong dollars, the last 200 million Hong Kong dollars were taken by He's Investment Company.
Li Guangyu obviously contributed the most. Li Guangyu was involved in all three parties, while Feng Jingxi contributed capital from both China Investment Company and the bank. Other families were slightly better off, requiring only one party to contribute.
Li Ka-shing and Lee Shau-kee are not dissatisfied with this distribution. The two investment companies can say that they can invest in shares, but the bank's share of HK$800 million is controversial, especially since Feng Jingxi's Sun Hung Kai Bank has just
It was established not long ago and cannot be compared with the other four banks. If it were distributed evenly, it would be under great pressure.
He already has a share of HK$100 million in the China Investment Company. If someone comes here with a share of HK$160 million, it will seriously affect the development of his bank.
Feng Jingxi said: "Guangyu, there is no problem with the allocation plan of the three banks, but please give Uncle Feng some consideration on the bank allocation. There is a big gap between our Sun Hung Kai Bank and your four major banks, Tianyu, East Asia, Heung Kong Asia Commercial and Wing Hang. Here
Please accept more of our share."
Li Guangyu himself is also aware of the situation on Feng Jingxi's side. Due to the new bank, he does not have many customers now, and he is indeed far behind these major banks in the use of funds.
Li Guobao and Chen Youqing still owed Li Guangyu a favor last year, and they made hundreds of millions of Hong Kong dollars that time. Today they know that their two banks cannot escape this situation, and they also want to expand their banking business to the mainland.
.
At this time, they are all waiting for Li Guangyu's allocation. As long as it is not too outrageous, they will not refuse it. Both of them hope to join their interest group. Among the people here, they are the only two who are still in Li Guangyu's group.
Outside of interest groups, this is not what they want.
Li Guobao and Chen Youqing hope that this is the beginning of cooperation and that they can have more cooperation with them in the future to tie the interests of both parties together.
After Li Guangyu thought for a while, he said to him: "On the bank side, our Tianyu Bank, Li Sheng's East Asia and Chen Sheng's Xiangjiang Asian Commercial Bank each have a share of 200 million, and Wing Hang and Sun Hung Kai Bank each have a share of 100 million.
Share, what do you think?"
Feng Jingxi naturally had no objection when he saw that his bank only had to bear 100 million Hong Kong dollars, and Feng Jingyao had no objection at all. He was only the major shareholder on the surface, and this time he only had to bear 100 million Hong Kong dollars. He was already very happy.
Li Guobao said: "Li Sheng, we at the Bank of East Asia have no objections. I agree with your allocation."
Chen Youqing also immediately expressed his agreement with Li Guangyu's distribution plan. This share did not pose any problem to him.
The matter was finally discussed, and Li Guangyu said: "Uncle Zheng, Uncle Jiu, and Uncle Feng, it will be up to you to communicate with them tomorrow."
They don't have any objections to this, and they are willing to do it as long as it is discussed internally.