Four hundred and fiftieth eight chapters wolf is coming
"Now that you understand the situation clearly, Mr. Zhang, let me tell you directly!"
Standard Chartered Bank President Winston also put away his smile and said seriously: "For only US$1.25 billion, the 45% equity of Gem Bank in Standard Chartered's hands will be yours."
Zhang Yida didn't answer the call. The Gemstone Bank before the bad debts broke out was not worth the price, let alone the pile of bad debts still lying on its books.
The British are too arrogant and must be punished!
Zhang Yida said with a cold face: "Mr. Winter, making such a meaningless joke is a waste of both of our time.
If Standard Chartered insists on this offer, there will be no need for us to talk."
After saying that, Zhang Yida made a gesture to leave.
Winston shouted: "Mr. Zhang, wait!"
Zhang Yida paused for a moment, turned around and asked, "Is there anything else Mr. Winster has to do?"
Winster smiled bitterly, "Don't you have an old saying in China, which is to ask for a high price and pay back on the ground? Mr. Zhang, don't be anxious, everything is easy to discuss."
“I bought a bank to make money, not to be a money-splitting boy.
The price quoted by Standard Chartered has seriously deviated from the actual value of Gem Bank.
I don’t have to buy this bank, otherwise I should have won it last year.”
Winster nodded in agreement, and the idea of grabbing a handful of the fat sheep was completely lost.
After eliminating those unrealistic fantasies, the British finally started to quote normally.
“Although Gemstone Bank has encountered some minor troubles, its financial fundamentals are still fine, and it has achieved good results with annual net profits exceeding US$200 million for several consecutive years.
The fair valuation of the bank is around US$2.2 billion! Based on this valuation, the 45% stake we hold is US$1 billion.”
It was very close to Zhang Yida's psychological price, but he looked as usual and seemed unmoved at all.
Seeing this, Winster's heart skipped a beat. The price is so price-breaking, aren't you satisfied?
"I would like to ask, can Gem Bank's net profit reach US$200 million this year?"
Facing Zhang Yida's question, Winster said: "This year is a bit special. I believe the net profit margin will be restored next year."
"Then it means you can't reach it?"
Winster nodded in acquiescence.
"USD 800 million, I want this 45% stake."
Winster suddenly became furious and said very excitedly: "This is impossible. Guosen Bank and Pangu Bank are offering more than this price."
This is nonsense. For these two banks, Guosen’s asking price is US$770 million, and Pangu Bank’s asking price is US$790 million.
Zhang Yida entrusted Huang Hongnian to inquire about all this information.
Weng Junmin, chairman of the board of directors of Guosen Group, is the son-in-law of Qian Wang Li Wenzheng;
As you can tell from the name, Pangu Bank was also founded by Chinese. The founder was Chen Bichen, a native of Chaoshan and of Thai origin. He has passed away.
One of the top ten bankers in the world. In the 1980s, he was named the richest man in Asia and the richest Chinese in the world by Japanese and American magazines.
He became famous earlier than Li Jiacheng, and he should be the first richest Chinese man to emerge from Chaoshan.
Malaysia's richest man Robert Kuok of Kerry Group, Hong Kong's Sino Group, and Singapore's Far East Organization founder Huang Tingfang all received support and help from Chen Bichen when they started their businesses.
Before his death, Chen Bichen donated Pangu Bank to the Thai government, and now the bank's total assets exceed US$50 billion.
However, his son and grandson are still managing Pangu Bank, and they must have reached a certain tacit understanding with the Thai government. His daughter-in-law also serves as the Minister of Science and Technology of Thailand.
In addition, his descendants also have a branch in Hong Kong, including Asia Financial Group in business. In politics, his sons and grandsons have served as members of the Hong Kong Legislative Council and representatives of the National People's Congress.
He is also a long-established chaebol that has been rich for four generations and has been passed down for nearly a century.
The long-standing plutocrats in Southeast Asia have very close ties with each other, and their marriage relationships are also very deep. It is not an exaggeration to say that they are all in the same boat.
As the son of Indonesia's richest man, Huang Hongnian also has a wide range of friends. He visited Guosen Group and Pangu Bank successively, negotiated some cooperation, and helped Zhang Yida avoid many detours.
Now it won’t be so easy for Winston to trick him!
"Mr. Winter, are you sure that Guosen and Pangu Bank's quotations are higher than ours?"
Zhang Yida stared at Winston, and the smile on the latter's face froze instantly.
He originally wanted to deceive Zhang Yida, but he didn't expect that the lie was exposed.
British people will do anything for money and are very thick-skinned. Winster was no exception. He laughed dryly and did not answer Zhang Yida directly.
Winster looked at the yellow skins of Zhang Yida and Huang Hongnian, and thought of the yellow skins of the heads of the other two companies, as if he understood something.
In order to clarify the doubts in his heart, Winston stopped the negotiation.
After Zhang Yida and Huang Hongnian left, he immediately contacted Guosen Group and Pangu Bank and informed Zhang Yida that the price had been increased to US$800 million.
The two banks also expressed their attitude: the previous quotation is our final quotation and will not be changed.
Winster instantly understood what conditions Zhang Yida must have reached with these two banks.
He was determined to delay further, but the British headquarters called again, urging him to complete the transaction quickly.
Winster had no choice but to make an appointment with Zhang Yida and Huang Hongnian for the last negotiation.
"Mr. Zhang, US$800 million is too low. After calculation, Gem Bank's valuation is less than US$1.8 billion."
"Mr. Winter, please be satisfied. Is there anything higher than our offer?"
"I can't pay the headquarters for this price!"
"I bought a bank with a lot of bad debts at a ridiculously high price, and I can't explain it to investors and shareholders!"
…
No matter what West said, Zhang Yida kept insisting on staying at US$800 million and would not raise the price again.
After thinking about it, Winster made one last effort: "810 million U.S. dollars. After calculation, the valuation of Gem Bank is exactly 1.8 billion U.S. dollars."
"Can!"
Winster was overjoyed and finally got an extra $10 million for the company.
But then Zhang Yida changed his voice and said: "But..."
"But what?"
"Go and help us negotiate for 45% of the shares of Jardine Matheson Group. This 10 million US dollars will be considered as the intermediary service fee I paid!"
Winston was a little confused. Li Dingji was a stubborn old man, so this task was not easy.
"Mr. Zhang, why don't you talk to Li Dingji in person?"
"I have some differences with him!"
"This life is not easy!"
“Below US$800 million, for every US$20 million lower, Standard Chartered will pay an additional US$10 million in intermediary fees!”
“Standard Chartered has taken over this task!”
…
"Winster, are you here to help Zhang Yida as a lobbyist?"
In a yacht on the sea in Hong Kong, two old British men, both half-buried, were smiling and talking, surrounded by a group of graceful girls in cool clothes.
"Haha, how can I, a proud citizen of the British Empire, help the Chinese as a lobbyist?"
Winston called all the girls out, leaving him and Li Dingji alone.
"Do you know what's going on inside Gem Bank?"
Li Dingji frowned, "It's not as serious as you said. It's just a relatively large wave of bad debts."
Winster sneered, "I have been in the banking industry for decades, and I still don't know."
"Forget it, since you are so stubborn, I won't bother to persuade you."
Li Dingji doesn't want to comply now. How can he say something and then stop saying it?
Moreover, when he looked at Winston's face, he looked extremely serious, which made him feel very unsure.
His position as a top class official comes from his identity as a cousin of the Cizek family.
The Jardine Group has been passed down to this day. Not counting the two opium bosses who founded it, it is already in its fifth generation.
The two opium kingpins have no direct descendants, and they both benefited from the descendants of their nephews.
The previous chairman of the board of directors of Jardine Matheson Group basically came from the two major families and relatives of Cizek and Keswick.
Family management has been going on for a hundred or two hundred years and has not collapsed, not because of any miracle, but because it has absorbed enough blood from the late Qing Dynasty to the Republic of China in the early years.
That's why there was such a big reaction when I heard Zhang Yida questioning the justice of the Opium War.
If our ancestors hadn't done so well in the opium business, where would Lai Dinh-kee be today?
Winster is different. He climbed from an ordinary clerk to the position of president in a serious manner, rather than relying on the so-called marriage relationship.
So in terms of ability and skill, Winster is enough to defeat Li Dingji.
Winston had long been unhappy with Li Dingji, who claimed to have noble blood, and often pretended to be pretentious in front of him.
Coupled with the temptation of Zhang Yida's commission, he decided to teach wealthy people like Li Dingji a lesson and let them know what social evil is.
After Li Dingji said good things for a long time, Winster slowly helped him analyze Indonesia's banking industry and economic situation.
The more Li Dingji listened, the more he frowned. It seemed that there was no way to keep this gem bank.
Selling it to the Chinese guy he hated was just right, and it plunged him into a quagmire of bad debts.
The price is not outrageous either, $760 million.
After all, Li Dingji still had basic judgment, and it was impossible for Winston to fool him.
After the two equity transfer contracts were signed, the joint consortium composed of Yimin Wangjin, Guosen Group, and Pangu Bank paid a total of US$1.59 billion to acquire 90% of the equity of Gemstone Bank.
Among them, US$760 million was paid to Jardine Matheson Group and US$830 million was paid to Standard Chartered Bank.
Of course, Standard Chartered's equity transfer agreement is the same as that of Jardine Matheson Group, with the amount stated at US$760 million.
This is also required by Standard Chartered. If you become a bitch, you still have to set up a memorial arch so that they can continue to engage in this type of business next time.
Zhang Yida agreed to all these conditions one by one.
Not only did they save at least 20 million US dollars, but they also watched a dog-eat-dog show.
After securing the 90% stake, the United Consortium interviewed other small shareholders of Gem Bank one by one and acquired the other 10% stake for US$170 million.
In the end, a total of US$1.76 billion was spent to acquire Indonesia's tenth largest bank with 253 branches and nearly 400 offices.
In addition, it also comes with a lot of financial licenses for securities, insurance, consumer finance leasing, venture capital, etc.
In the joint consortium, Yimin Wangjin invested US$1.1 billion, accounting for 55% of the share;
Indonesian Guosen Group invested US$400 million and holds a 20% share;
Thailand’s Pangu Bank invested US$400 million and holds a 20% share;
Huang Hongnian personally invested US$100 million, holding a 5% share.
After the acquisition is completed, the United Consortium will also inject US$240 million into Gem Bank.
This money will be used to reform and transform Gem Bank and build Indonesia's first Internet bank.
Yimin Wangjin will provide financial technology technical support for the transformation of Gemstone Bank.
Stimulated by this good news, the U.S. stock market opened, and Yimin Wangjin's stock price rose by nearly 10%, slightly reversing the recent downward trend in stock prices.
A group of Chinese bosses who were preparing to go to Indonesia to provide cash loans shouted: The wolf is coming!