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716, HSBC is also short of money

After the Bank of East Asia and the Far East Bank completed their merger, all people in Hong Kong believed that the dispute over the banking industry in Hong Kong should have ended.

But no one thought that things were not that simple, and the banking industry in Hong Kong was still undercurrent.

It's just that this kind of surge is unknown to outsiders. Only those who are really taking action understand what the subsequent development represents.

Among the four people, Du Huilian, Bryant, Liu Zhiyuan, and Chen Tao, who worked together to divide the work, Bryant was the first to respond!

This time, the four people gathered together again, but this time they did not hold the meeting at Fengwu Securities, but came to Chu Huan's office.

"Chairman, the people from Meijiaku have found Guo Le's descendants, and they have agreed to sell their shares in Yong'an Group!"

Bryant preached with a somewhat proud expression.

Although before this, he did not think that the acquisition of Yongan Group was something that could be accomplished, but now that things are progressing, he is still very happy.

Compared with the large number of Guo Quan's children, Guo Le's lineage seems to be underpopulated. Guo Le only has an only son named Guo Yuewen. In his early years, when Guo Le took charge of Yong'an Group, he also thought about training his son to be his successor. However,

Guo Yuewen himself is not very enthusiastic about succession. In addition, Guo Yuewen passed away in 1954 at the age of 49. Guo Le and his wife are white-haired people giving birth to black-haired people.

In the same year, Guo Le made a will, leaving most of his assets to his wife Yang Xiuzhen, his daughter-in-law Liang Meijun and his two grandchildren, and a small portion to 32 family members.

Guo Yuewen passed away, and his two sons were still young and unable to take over. In addition, Guo Le's own health deteriorated in his later years and he suffered two strokes, making him unable to do what he wanted. This may be because he was too late or failed to arrange for his grandson, who had lived in the United States for many years, to take over.

One of the reasons.

No matter what, after his death, Guo Le's entire family moved to North America. Now Guo Le's original shares in Yong'an Group have been inherited by his two grandsons.

These two grandsons have lived in North America all year round. They actually don’t have much sense of belonging to the Yongan Group or the Guo family in Xiangjiang.

"In addition, both of them are actually dissatisfied with the current situation of Yongan Group and believe that they should be the official successors of Yongan Group. Therefore, they have agreed when we offered twice the current stock price of Yongan Group.

He transferred his shares in Yongan Commercial Management Company to us!"

Bryant continued to talk about his situation.

When he came to report to Chu Huan, Du Huilian had already heard about this from Bryant, but he still seemed a little happy now.

Although after decades of development, Guo Le's shares in Yong'an Group have been diluted to a level no longer comparable to what they were before, but with their shares, Jiaku's acquisition of Yong'an will still be more successful!

Chu Huan asked: "How many shares does Guo Le's family have in Yong'an Group?"

Du Huilian replied: "According to statistics, it is 5.78%. In other words, we now own 13.21% of the equity in Yongan Commercial Management Company. Although we still cannot obtain the decision-making power of this company, at least we have penetrated into their internal affairs.

!”

As mentioned before, the Guo family does not directly hold shares in Yongan Group, but merges their shares in Yongan Group into a company called Yongan Commercial Management. Under such circumstances, if Jiaku wants

To obtain Yongan Group, you must hold more than 51% of the shares of Yongan Commercial Management Company!

Chu Huan nodded slightly. In another time and space, the biggest reason why Zheng Jiachun failed to acquire Yongan Group was that he underestimated the internal situation of Yongan Guo family.

At that time, Zheng Jiachun believed that the internal staff of the Guo family of Yongan Group actually had conflicts. Since there were conflicts, he did not need to take action in advance. As long as he raised the purchase price during the acquisition process, he could obtain some of the internal staff of the Guo family.

The shares of Yongan Group, in turn, affected the decision-making of Yongan Commercial Management Company, eventually forcing them to abandon Yongan Group.

But it turned out that Zheng Jiachun's idea was correct, but also wrong. The Guo family was indeed not very united, but among the small group of people who supported their acquisition of Yong'an Group, there was no leader and they were just guerrillas.

The lack of courage, coupled with Zheng Jiachun's own lack of attention to them, led to the Guo family who wanted to keep the Yong'an Group to finally win these people back together.

Of course, there is another reason for this.

That is, although Zheng Jiachun did not receive the support of the Guo family of Yongan Group at that time, he did obtain 25% of the shares of Overseas Chinese Bank of Singapore in Yongan Group, the second largest shareholder of Yongan Group!

By the way, Yongan Group at this time was just the outside world’s name for Yongan, but the full name of the real listed flagship company of Yongan Group at this time was called Yongan Life Group.

It was not until 1984 that Yongan Life Group changed its name to Yongan Group!

As for the reason why OCBC Bank in Singapore became the second largest shareholder of Yongan Group, it was because in 1974, Yongan Group wanted to expand their overseas contacts, so they exchanged shares with OCBC Bank in Singapore. After the share exchange,

Overseas Chinese Bank of Singapore holds a 25% stake in Wing On Life Group.

In 1983, Guo Linshan, the second generation helmsman of the Guo family, passed away. Guo Linbao's eldest son Guo Zhiquan took over the Yongan Group, ushering in the third generation helm period of the Yongan Group.

During this period, Yongan Group's business mainly included life, water and fire insurance, securities investment, financial futures, banking and the department store business operated by its subsidiary Yongan Company.

However, among these businesses, except for the department store business, which is still doing well, other financial futures, insurance, banking, etc., have lost a lot of money in a muddle-headed way.

Comments from later generations pointed out: "The operation of Yongan Group can be described as 'it is better not to do it'. Because if you do less, you will lose less. If you don't do it, it is better to deposit the funds in the bank to earn interest, or to buy HSBC and Land stocks to earn interest, than to try

It’s much better to try this and that, but it’s much better to hit the wall.”

This chapter is not finished yet, please click on the next page to continue reading the exciting content! This is just like what later generations said about the second generation of rich people. If a second generation of rich people are honest and honest, how will their family assets be lost?

It's impossible to lose everything. I'm afraid that some rich second-generation people have a higher ambition and a lower destiny. They always want to prove that they are better than their fathers, and end up with the reputation of being a prodigal.

Among the various businesses of the Wing On Group, Wing On Bank is the one with the worst performance in the banking industry.

Although Wing On Bank has a long history, it has not been able to actively adapt and strengthen itself when Hong Kong's economy has been booming since the 1950s, so it has not developed significantly for a long time.

Not only that, in the 1980s, under the management of Guo Zhiquan, Guo Zhiquan’s brother, who served as vice chairman and general manager of the bank, Wing On Bank suffered increasingly serious losses and was riddled with problems.

When there was another run on Hong Kong's banking industry in the 1980s, Wing On Bank was not spared.

By July 1985, Wing On Bank asked shareholders to issue rights issues and raised HK$120 million.

As small shareholders rejected the rights issue, Yongan Group increased its stake in Yongan Bank from 51% to 76%.

But within two months, at the end of August 1985, auditors discovered that Wing On Bank had incurred huge losses.

At the end of the year, the Hong Kong government invited Hang Seng Bank to inject capital to take over the bank. It was discovered that all the assets of Wing On Bank and the HK$120 million obtained from the rights issue had been lost. 90% of the loans extended were bad debts, including the bank's vice chairman Guo Zhi.

Frame borrowed HK$72 million with HK$5 million as collateral.

However, Guo Zhijiang had died of cancer in North America a few months before the accident at Wing On Bank, and the relevant loans could no longer be recovered.

Finally, Hang Seng Bank entered Wing On Bank and replaced the Guo family as the largest shareholder of Wing On Bank.

Under such circumstances, Oversea-Chinese Bank of Singapore was no longer optimistic about the development of Yongan Group, so it sold its shares in Yongan Group to Zheng Jiachun. This also gave Zheng Jiachun the confidence to acquire Yongan Group!

Chu Huan said: "Now that you have completed the contact with the Guo family in North America, the next contact with Oversea-Chinese Bank of Singapore will be left to you. If we can get 25% of Oversea-Chinese Bank of Singapore's shares in Yongan Group,

Then we can do both!”

Bryant nodded and said: "Okay, at this time we are discussing how to enter the banking industry in Singapore. I have also been in contact with Dr. Li Chengyi of Oversea-Chinese Banking Corporation of Singapore. We can discuss the purchase and sale of Yongan Group shares at that time."

After all, now is not the time in the late 1980s when OCBC Singapore sold shares of Wing On Group. Therefore, OCBC Singapore still recognized Wing On Group at this time, so it wanted to buy shares of Wing On Group from OCBC Singapore at this time.

Shares are not an easy thing.

After thinking for a while, Chu Huan said: "Tell Li Chengyi that if Oversea-Chinese Bank of Singapore is willing to sell the shares of Yongan Group, we can transfer 5% of the shares of Alder Commercial Bank Singapore Branch to them!"

Nowadays, Jiaku Bank is busy acquiring local banks in Xiangjiang, while Alder Commercial Bank Xiangjiang Branch is busy expanding its territory in Southeast Asia, and the first target set is Singapore.

After hearing this, Bryant smiled and said: "If that's the case, I will be more confident. I think between our Jiaku and Yong'an, any normal person knows how to choose!"

Chu Huan nodded, then looked at Chen Tao!

Regarding the acquisition of Yongan Bank, Chen Tao was responsible for investigating the relationship between the Guo Quan lineage of Yongan Group. This matter can be said to be the most important link in whether the internal fortress of the Guo family in Xiangjiang can be broken.

With a slight smile and confidence in his eyes, Chen Tao said: "Through the contact with Guo Zhiyong, although the other party did not express it clearly, I can feel from insinuations that he is indeed deeply concerned about what happened before.

There is dissatisfaction, and not only that, I also learned that there is some gap between the brothers Guo Zhiquan and Guo Zhijiang!"

After listening to this, Liu Zhiyuan was curious and asked: "Guo Zhiquan and Guo Zhijiang are brothers and sisters. When the accident happened, Guo Zhiquan not only did not punish Guo Zhijiang, but also promoted him to the position of general manager of Yongan Bank. The two of them

How can people be at odds with each other?”

Chen Tao explained: "What we see is only the surface. When Guo Zhijiang drank too much, he told me that Guo Zhiquan actually wanted to punish his younger brother. Instead, it was Guo Linshan who came forward and said that they were a family.

People should be united and friendly, so there was no punishment for Guo Zhijiang and Guo Zhiyong, and it was Guo Linshan who even made the decision to promote Guo Zhijiang to the general manager of Yongan Bank!"

Du Huilian shook his head and said: "This is strange. Brothers from the same mother-in-law are causing trouble with each other, and it is their uncle who mediates between them."

At this point, Du Huilian couldn't help but ask Chen Tao: "Is it possible that the other party is deliberately misleading you about this matter?"

Chu Huan spoke up at this time and said: "Probably not!"

In another time and space, after the Guo family lost control of Yongan Bank, Guo Zhiquan publicly accused Guo Zhijiang of improper management. However, his accusation was not recognized by the Guo family. Instead, he was hostile to brothers like Guo Zhiquan and Guo Zhijiang.

The situation expressed strong dissatisfaction.

This also caused Guo Zhiquan to burst into tears at the shareholders' meeting, and later he resigned and gave up the position of chairman of the board of directors of Yongan Group to his cousin Guo Zhiliang.

This is also the reason why Zheng Jiachun was sure that there was disagreement within the Guo family at that time.

However, regarding the issue of brothers Guo Zhiquan and Guo Zhijiang, Chu Huan made his judgment based on his own memory. After he gave his conclusion, Du Huilian and the others immediately looked at Chu Huan, wanting to know

How did Huan decide this matter?

"This is the information obtained from the investigation department!" Chu Huan said calmly.

Du Huilian and the other four nodded, not having any doubts about this answer. After all, they still knew the capabilities of the Jiaku Investigation Department.

"If this thing is true, then there will be more places for us to operate!" Du Huilian said excitedly.

Chu Huan asked Chen Tao: "What are you going to do next?"

Chen Tao said: "Never mind what is going on with the two brothers Guo Zhiquan and Guo Zhijiang, the current head of Yongan Group is still Guo Linshan, so Guo Linshan's lineage must not be contacted, and the two brothers Guo Zhiquan and Guo Zhijiang are now

Now we are all senior executives in Yongan Group and cannot contact them, so my idea is still to contact Guo Linxiang’s family first. Their family has the least authority in Yongan and is definitely the most dissatisfied.”

Chu Huanxiao asked: "Are you confident?"

Chen Tao nodded and said: "It's still relatively big. As long as we can give them a price that makes them happy, I think they will seriously consider our acquisition proposal!"

Chu Huan nodded slightly and said: "Very good, I'm waiting for your good news!"

Then Chu Huan looked at Liu Zhiyuan, who was responsible for acquiring the outstanding shares of Yongan Group and the stocks held by other shareholders of Yongan Group!

Liu Zhiyuan did not hesitate and told Chu Huan his progress during this period.

"Chairman, after this period of contact with other small shareholders of Yongan Group, these people also have different attitudes towards the sale of Yongan Group shares. Some people are still optimistic about the Yongan Group's brand name and decided to temporarily hold Yongan Group.

There are also some people who are interested in selling the shares of Yongan Group, but they are also open-minded, hoping that we can buy them at a higher price.

After a long period of negotiation by the company, most people who are willing to sell Yongan Group shares have chosen a reasonable price, and the remaining Jiaku Bank will continue to communicate with them."

After the merger of Bank of East Asia and Far Eastern Bank, Liu Zhiyuan was promoted from the position of president of Bank of East Asia to the position of president of Koko Bank.

However, after hearing his answer, Chu Huan still frowned slightly and asked: "How many shares of Yong'an Group does the company hold now?"

When Liu Zhiyuan saw Chu Huan's expression, his heart sank slightly, and then he hurriedly said: "We previously acquired 1.18% of Yongan Group's shares, and now we have acquired a total of 3.14% of the shares from Yongan shareholders."

Yongan Group has many small shareholders, with a total of 700 to 800 people. The acquisition of 4.32% now can be considered a success. If Bryant can successfully accept the shares of Overseas Chinese Bank of Singapore in Yongan Group and the achievements of To Huilian,

Then the shares they hold in Yongan Group should have exceeded 30%, which has greatly narrowed the gap between the two parties.

"Well, go ahead!"

Although he was quite satisfied with the data, Chu Huan was still a little dissatisfied because Liu Zhiyuan did not report the data as soon as possible. Chu Huan did not need to know how Liu Zhiyuan received the shares from those people. Chu Huan wanted to

is the specific data on shareholdings.

Finally, Chu Huan looked at Du Huilian. Du Huilian was in charge of the shares of Yongan Group on the stock market.

"During this period, Dazhong International Investment and Fengwu Securities acquired a total of 1.79% of the shares of Yong'an Group!" Du Huilian just saw Chu Huan frowning slightly, and guessed the reason for Chu Huan's inner dissatisfaction, so he came up and directly reported a specific

data.

Sure enough, he saw that although Chu Huan did not show satisfaction after hearing this data, at least he was not dissatisfied and felt a little more settled.

"In other words, we now have 6.11% of Yong'an Group's shares?" Chu Huan said to Du Huilian after finishing his speech.

"After Bryant got the news, he immediately sent an application to the Yongan Guo family to acquire Yongan Group."

There were expressions of surprise on the faces of the four Du Huilian people at the scene. Even if Oversea-Chinese Bank of Singapore agreed to sell the shares of Yongan Group to them, they only held 31.11% of the shares of Yongan Group. As for Guo Le's lineage

The shares in Yongan Group are the battlefield of Yongan Commercial Management Company. The two cannot be confused.

There is still a big gap between 31.11% and 43.77%!

"Chairman, isn't this a little too hasty?" Du Huilian is in charge of this matter. Now even though he knows that asking this may make Chu Huan dissatisfied, he still needs to ask.

Chu Huan waved his hand and said: "The Yong'an Guo family has been working hard in Xiangjiang for decades and is deeply rooted. If there is no movement at all and the acquisition continues like this, it will definitely cause panic among other consortiums in Xiangjiang. The process that should be followed must be

We have to leave, but it’s not too hasty."

Having said this, Chu Huan looked at Du Huilian and the other four, and said with a smile: "If you can all do the work in your hands well, then it is not too hasty, otherwise it is too hasty!"

The meaning is very clear. Chu Huan has delegated the leadership of this matter to them. With the support of Jiaku behind him, if they still can't successfully capture Yong'an Group, then the four of them are afraid.

It’s time to take on important responsibilities!

The four people looked tense, but Du Huilian still said: "Chairman, please rest assured!"

Chu Huan waved his hand and said with a smile: "If that's the case, then go get busy!"

.

"Boss, Roy Bentley, the chief executive of HSBC Bank, called and said he wanted to invite you to watch the horse racing with him!"

After Du Huilian and the others left, Xu Yi came to Chu Huan's office.

"It seems that HSBC is a little restless!" Chu Huan said with a smile.

Although the merger of Bank of East Asia and Far Eastern Bank is still countless levels behind HSBC, the meaning contained in it is completely different.

Chu Huan believed that both Roy Bentley and Shen Bi could see the stakes!

"Boss, are they trying to cause trouble this time?" Xu Yi asked worriedly.

Chu Huan waved his hand and said: "Roy Bentley and Shen Bi are not that stupid. Nowadays, no one in Xiangjiang can play tricks on Jiaku, even if the other party is HSBC!"

Xu Yi asked with some confusion: "Then what will happen if they meet with you, boss, at this time?"

Chu Huan thought for a moment and said: "Since confrontation is impossible, the only option is cooperation!"

Xu Yi asked: "Are they unwilling to lose the payroll business of those factories?"

"More than 200 million Hong Kong dollars are paid into the account every month. Even if the workers take half of it, it will still be at least 100 million Hong Kong dollars. It is impossible to say that HSBC does not feel distressed, but for HSBC, this is not a pain in the neck. Regarding the matter of moving bones, I think they have other ideas."

Chu Huan analyzed.

Xu Yi nodded, and after thinking for a while, he said: "I think the real problem for them is that the real estate project investment department of Zhulu Real Estate is their most important problem, but they have no way to do it. Ah, we provide the money and the land. It is impossible for the real estate companies we cooperate with to get their housing loans through HSBC.

If they come to you for this matter, that’s really too much!”

Chu Huan asked: "How is the acquisition of Royal Bank of Scotland by HSBC going?"

Xu Yi replied: "We are still in a stalemate. According to the news from Mr. Ma, local depositors in Scotland are very resistant to HSBC's acquisition of Royal Bank of Scotland, although HSBC has stated many times that HSBC has Scottish ancestry. , but those Scots still didn't listen.

Some political parties in Scotland have even publicly expressed their opposition, and some local councils have even threatened to cancel deposit accounts!

Moreover, the British Monopolies and Mergers Commission’s attitude towards HSBC’s acquisition of Royal Bank of Scotland is also very ambiguous. Mr. Ma judged that the Commission is likely to oppose HSBC’s acquisition in the end!”

Speaking of this, Xu Yi continued after a moment of silence: "And we also got an uncertain news, that is, Standard Chartered Bank has also become interested in Royal Bank of Scotland, and it is very likely that it will join this game. Takeover battle in progress!”

All hell breaks loose!

After listening to Xu Yi's words, Chu Huan's first thought was this.

However, this was also within Chu Huan's expectation. At the beginning of the year, in order to prevent HSBC from providing funds to Jardine and assisting them in acquiring Wharf stocks, Chu Huan cooperated with Mitsui Gaonaga to make Sakura Bank make a The trend of acquiring the Royal Bank of Scotland has led HSBC to advance its own acquisition of the Royal Bank of Scotland.

In the middle of this year, Sakura Bank withdrew from this acquisition. As a result, Standard Chartered Bank, which competed with HSBC for Royal Bank of Scotland in another time and space, is now involved again.

Seeing that Chu Huan did not reply after he finished speaking, Xu Yi couldn't help but ask: "Boss, do you mean that Roy Bentley's invitation to you to watch the horse racing this time is actually to acquire the Royal Bank of Scotland? "

Chu Huan nodded and said with a smile: "This is the most likely, after all, HSBC is also short of money!"

Xu Yi smiled and said: "It seems that our previous expenditure on Sakura Bank can be recovered on HSBC!"

Although Sakura Bank withdrew from the acquisition by the Royal Bank of Scotland, some of its shares have remained in the hands of Sakura Bank. However, in fact, the funds for the purchase of these shares were provided by Japan's Koku, and Sakura Bank only held them on behalf of the bank.

.

"When Lilan's return comes, what we should do more is how to find the most beneficial situation for us in their acquisition war!"

Chu Huan preached.

Xu Yidao: "It is impossible for HSBC to know that the shares of Royal Bank of Scotland held by Sakura Bank on behalf of us are held by us, so they are definitely not talking about this when they come to you this time. We have tentatively asked if we can buy HSBC before.

The Jardine Matheson shares they hold have even offered to acquire their newly issued shares, so the funds they need to acquire Royal Bank of Scotland this time need to be drawn from other places.

And now in Hong Kong, I don’t think any company has more cash than our Jiaku!”

Chu Huan nodded, agreed with Xu Yi's analysis, and said, "Do you think, with our help, would the chance of success of HSBC's acquisition of Royal Bank of Scotland be greater than before?"

Xu Yi thought for a while and said: "It must be bigger. If we help, first of all, they will have no problem with funding. In addition, Mr. Ma also has a relationship with the British Monopoly and Mergers Commission, so we can help."

They asked, "If we help HSBC, are the benefits to us worth using our connections in England?"

After all, we will also enter the European banking industry in the future, and judging from the current situation, the major settlement banks in England are our best choice!"

Chu Huan smiled and said: "A British settlement bank is not enough to satisfy our appetite. No matter what, we always have to meet Roy Bentley!"


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