Chu Huan was not deliberately avoiding Chen Songqing. In fact, Chu Huan was actually answering an important call at this time.
The content of the phone call also made Chu Huan very satisfied.
"Chairman, Yuehai Securities in London has reached an acquisition consensus with most of the shareholders of Standard Chartered. They have verbally agreed to our acquisition of Standard Chartered shares. Now only the original largest shareholder of Standard Chartered and the current agreement of the Sanderson family of Standard Chartered is left.
Got it!"
Ma Jizu called Chu Huan in London, and the content of the call was actually about Alder Commercial Bank's acquisition of Standard Chartered Bank.
Yuehai Securities was a securities trading company acquired in London when Chu Huan started planning to acquire Standard Chartered. At the same time, the parent company of Yuehai Securities was Alder Commercial Bank of North America.
This is also the reason why the British side happily agreed to Chu Huan's acquisition of Standard Chartered Bank.
After all, it sounds much better for a local British bank to be acquired by a North American bank than to be acquired by a Hong Kong bank.
In fact, acquiring Standard Chartered Bank has never been a difficult matter in business. The reason why Chu Huan chose to temporarily stop the acquisition of Standard Chartered Bank was mainly because Jiaku was acquiring Jardine Matheson Land at that time.
If it had chosen to acquire Standard Chartered at that time, it would have brought too much stimulation to the British side.
Well now, it has been almost two years since Jiaku acquired Jardine Matheson Land, and the impact has long dissipated. Coupled with today's environment, there is no political resistance to the acquisition of Standard Chartered Bank.
According to the closing price of the London Stock Exchange, the market value of Standard Chartered Bank is now 8.988 billion Hong Kong dollars (the London Stock Exchange shows pounds, this is converted!), and in order to complete the final blow this year, Chu Huan decided to
Acquired Standard Chartered Bank at a premium.
Therefore, Alder Commercial Bank of North America acquired Standard Chartered Bank with a market value of HK$13 billion.
The premium exceeded 45%. At this price, the shareholders of Standard Chartered Bank readily agreed to the transaction with Alder Commercial Bank of North America.
However, since Standard Chartered Bank is a listed company, Alder Commercial Bank has only obtained the consent of some Standard Chartered Bank shareholders to acquire their shares in Standard Chartered Bank.
This shareholding is almost 27.5% of Standard Chartered Bank, but it has ensured that Alder Commercial Bank is the largest shareholder of Standard Chartered Bank.
However, this does not guarantee Chu Huan's control over Standard Chartered Bank, because the operating rights of Standard Chartered Bank are still in the hands of the Sanderson family.
In fact, in another time and space, when Bao Yugang saved Standard Chartered Bank as a white knight, he bought 15% of the shares of Standard Chartered Bank and became the largest shareholder of Standard Chartered Bank.
In order to be able to accomplish this, Bao Yugang even resigned from his position as a director of HSBC Bank.
But even so, Bao Yugang still could not obtain the operating rights of Standard Chartered Bank. Even when Standard Chartered Bank was out of trouble, the management proposed to issue additional shares of Standard Chartered Bank, thus achieving the purpose of weakening Bao Yugang's equity in Standard Chartered Bank.
Coupled with the fact that Bao Yugang was in physical condition at the time, Bao finally sold his shares in Standard Chartered Bank and launched the Board of Directors of Standard Chartered Bank.
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This business activity of Bao Yugang was also rated by the media as one of the two major failures in Bao Yugang's business life. The other was Bao Yugang's business behavior of investing in Dragonair.
There are two reasons why the Sanderson family can firmly hold on to the management of Standard Chartered Bank.
First, because the Sanderson family has been running Standard Chartered Bank for many years, most people on the board of directors are still willing to trust the Sanderson family's management of Standard Chartered Bank, and the Sanderson family can be said to occupy many important positions in Standard Chartered Bank.
, In addition, according to British law, the management rights are also in the hands of Sanderson.
This is actually the same problem as the one between Wanguo Baotong Bank and Far East Bank in Hong Kong.
Although Wanguo Baotong Bank holds more than 50% of the shares of Far East Bank, the operating rights of Far East Bank have always been firmly in the hands of Qiu Degen.
The second reason is that the Sanderson family itself holds 13.87% of the shares of Standard Chartered Bank. Before this, the Sanderson family had always been the largest shareholder of Standard Chartered Bank.
"Continue to contact other shareholders of Standard Chartered Bank, and publicly announce the acquisition of Standard Chartered Bank, and purchase Standard Chartered Bank's shares on the stock market!"
Chu Huan called Ma Jizu and believed that after completing the agreement with the shareholders of Standard Chartered Bank, the London Stock Exchange will disclose Alder Commercial Bank's controlling stake in Standard Chartered Bank. Even if Chu Huan does not disclose it, Sanderson
The family must also know about it.
Ma Jizu said: "I understand, I will make this matter public immediately after the market opens in London time!"
.
After hanging up the phone with Ma Jizu, Chu Huan called Xu Yi.
"Contact Sanderson for me and tell me I'm going to visit him today!"
If possible, Chu Huan still hopes to acquire Standard Chartered Bank peacefully. Within this month, Chu Huan has to deal with too many things. He must solve things as soon as possible, otherwise Alder Business
If a bank wants to obtain the operating rights of Standard Chartered Bank, it must hold more than 50% of the shares of Standard Chartered Bank.
At that time, Chu Huan also had to deal with the Sanderson family, so it was better to resolve the matter now.
Cut the mess with a sharp knife.
Otherwise, after September, there is no guarantee that something will not happen in England.
Xu Yi reminded Chu Huan: "Boss, Chen Songqing from Jianing just called and said he wanted to meet you!"
"The other party should be here to borrow money!" Chu Huan judged: "The sales and leasing situation of Hongmian Building is not ideal. Coupled with the current economic environment in Xiangjiang, it seems that Jianing can also prepare to close the network.
!”
This chapter is not finished yet, please click on the next page to continue reading the exciting content! Xu Yi asked: "Then do we want to tell Yumin Bank in Malaysia about the situation between Jiali and Yumin Finance?"
Chu Huan thought for a while and said: "Okay, it will take a few days for them to respond, so we can start!"
During the period from mid-August to the end of September, Chu Huan will completely expose all the economic problems in Xiangjiang. Only in this way can Chu Huan complete his plan and cope with the collapse of the economic environment in Xiangjiang after the end of September.
You can also concentrate on taking action!
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"What about Chen Songqing?" Xu Yi continued to ask.
"Don't worry about him, Jianing is hopeless, but you have to inform Wen Mingzhang and ask him to acquire Jianing!
Although it was Chen Songqing who started the business of Jia Ning, in fact Jia Ning's own assets are still high-quality assets. However, Jia Ning's debts are simply too big, and Chen Songqing can no longer afford them.
If Jianing can be acquired by a powerful company, then after reorganizing its assets and debts, and then dormant for a few years to pay off Jianing's debts, Jianing will still be a successful listed company.
.
Moreover, Chu Huan himself had some other ideas about Jia Ning. After all, Chu Huan had promised Mr. Qiao before that he could help the Business Bureau complete a backdoor listing in Xiangjiang.
Chu Huan has always cared about this matter, and now Jianing is a good choice.
Of course, if you want the Commercial Bureau to invest in Jiani, you must hand over a healthy Jiani to the Commercial Bureau.
.
Xiangjiang, Standard Chartered Bank Headquarters!
Although Standard Chartered Bank is registered in London, its main business is in Hong Kong, so as the president of Standard Chartered Bank, old Sanderson also stays in Hong Kong all year round.
At this time, old Sanderson was not in a very good mood, and was even a little irritable.
There are also two reasons for this.
First, because of the current situation in Xiangjiang, the impact of the current economic downturn in Xiangjiang is comprehensive. Although it seems that Standard Chartered Bank is not in any situation, in fact, the downturn in other industries has caused Standard Chartered Bank's performance during this period to be lower than last year.
There has been a decline.
The second reason is more important. Just today, old Sanderson received a call from England, telling him that a huge capital appeared in the market and was approaching the shareholders of Standard Chartered Bank to acquire their shares.
shares, and even some shareholders have agreed to the other party's acquisition.
At this time, when such a problem occurs, no wonder old Sanderson is in a bad mood!
But now, old Sanderson could only work up his energy to meet Chu Huan, this important guest.
At this time in Xiangjiang, no one could ignore Chu Huan's existence.
"Director Chu, you are a rare visitor. I haven't seen you for a long time!"
After seeing Chu Huan at the meeting, old Sanderson laughed and preached.
Chu Huan also smiled and said: "Mr. Sanderson, I don't go to the Three Treasures Palace for anything!"
Old Sanderson murmured in his heart. In the past few months, there have been rumors that Jiaku's cash flow has problems. If Chu Huan said this today, could it be that he came to them for a loan from Standard Chartered?
If this is the case, old Sanderson would definitely support it with both hands.
But soon, Sanderson Sr. rejected the idea.
If Jiaku really needs a loan, then Chu Huan will definitely get a loan from Jiaku Bank or Alde Commercial Bank instead of Standard Chartered Bank.
After all, the scale of these two banks in Hong Kong is no worse than Standard Chartered Bank. If the scale of the two banks is added together, the asset value is greater than Standard Chartered Bank!
So why did Chu Huan come here?
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"It is our honor at Standard Chartered Bank to have Director Chu come to our door in person. As long as it is within the scope of our bank's capabilities, our bank will definitely do its best."
Old Sanderson couldn't figure out Chu Huan's context, so he could only preach like this.
Chu Huan smiled and said: "If that's the case, that would be great!"
Afterwards, Chu Huan paused for a moment, and then continued: "That's it, I came here this time to ask, Mr. Sanderson, are you interested in selling Standard Chartered Bank? Don't worry, in terms of price, we Al
De Commerzbank will definitely give you a satisfactory price!”
Old Sanderson tensed up and straightened out everything in an instant. His face became a little ugly, and he asked: "So, the person who acquired the equity of Standard Chartered Bank in London was Alder Commercial under the name of Director Chu.
Bank?"
Chu Huan was not surprised that old Sanderson received the news. Old Sanderson has been running Standard Chartered Bank for many years and has many friends in London. His friends may sell the shares of Standard Chartered Bank to him for profit reasons.
Alder Commercial Bank, but at the same time, they did not delay informing old Sanderson of the news.
"It was indeed Alde Commercial Bank that initiated the acquisition of Standard Chartered Bank. Now Alde Commercial Bank already holds 27.5% of the shares of Standard Chartered Bank and is already the largest shareholder of Standard Chartered Bank!"
Chu Huan replied calmly.
"27.5%!" Old Sanderson was surprised by this data. He thought that Alder Commercial Bank must have acquired a lot of shares of Standard Chartered Bank, but he did not expect that there would be so many.
"To be able to obtain so many shares of Standard Chartered Bank in such a short period of time and in such a secretive manner, Director Chu must have given a price that outsiders cannot refuse, right?"
Chu Huan nodded and said: "The premium is 45%. Although the price is a bit higher, this price is still acceptable for Standard Chartered Bank's position in Hong Kong and our Jiaku Bank Group!"
Standard Chartered Bank and HSBC were the only settlement banks in Hong Kong at this time, and of course the only banks with the right to issue banknotes.
At the same time, the Tai Pan of Standard Chartered Bank and the Tai Pan of HSBC Bank are also the rotating chairpersons of the Hong Kong Banks Association.
Only by taking Standard Chartered Bank into its hands can the Koko Bank Group truly have the right to be on an equal footing with HSBC in Hong Kong.
Old Sanderson stopped talking. If Chu Huan had not revealed the price, he thought that his side could still compete with Chu Huan.
But at this time, for this price, old Sanderson knew very well that they could not beat Chu Huan unless a white knight appeared!
But how could the white knight appear so easily? In fact, old Sanderson couldn't tell whether the other party was a white knight or a black knight.
The fear is that the wolf will be driven out through the front door and the tiger will come in through the back door.
"I'm very curious about something. I wonder if Director Chu can help me answer my question?" Old Sanderson did not directly answer Chu Huan's question. Instead, he asked Chu Huan a question.
Chu Huan was very patient today and said: "Mr. Sanderson, please speak!"
Old Sanderson asked: "Isn't there been rumors that Jiaku's liquidity is in trouble? Just acquiring the 27.5% shares has already cost you, Director Chu, 3.575 billion Hong Kong dollars. You still have some money in your hands."
Any leftover cash?”
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Chu Huan said with a smile: "We in Jiaku never go into battle without preparation. In terms of funds, Mr. Sanderson, please feel free to rest assured!"
Old Sanderson said: "If I don't agree to your acquisition, Mr. Chu, then Alder Commercial Bank will need to acquire at least 22.6% of Standard Chartered Bank's shares, which is nearly 3 billion Hong Kong dollars in cash. Do you have this money?"
Chu Huan nodded again and said: "Of course, Yuehai Securities has prepared this fund. What we have to see now is whether Mr. Sanderson, you want this fund, or Yuehai Securities will give this fund to those from Standard Chartered Bank."
Shareholders!"
Old Sanderson took a deep look at Chu Huan, and suddenly let out a laugh that had seen the vicissitudes of time, "Young people are terrible, Standard Chartered is not Far East, as long as Director Chu holds more than 50% of the shares of Standard Chartered Bank, there will be
The right to demand the reorganization of the board of directors of Standard Chartered Bank. By then, our Sanderson family members at Standard Chartered Bank will probably leave, right?"
Chu Huandao: "Jiaku has the largest talent pool in the world. Talents here can enter any industry or any position at any time!"
Old Sanderson's expression began to look lonely and he continued: "Director Chu, do you dare to initiate the acquisition of our Standard Chartered Bank at this time? You should have already completed negotiations with London, right?"
"Jiaku is a group with global influence. We have investments all over the world, and England is no exception. It is normal to have some friends in England!"
Chu Huan answered Old Sanderson's question vaguely.
Old Sanderson sat there, with a very obvious look of confusion between his brows. After a long time, old Sanderson said: "Dr. Chu's Alder Commercial Bank can take away the 3 billion Hong Kong dollars our Sanderson family has invested in Standard Chartered."
At the same time, our family can promise you, Director Chu, to help Alder Commercial Bank complete the acceptance and digestion of Standard Chartered Bank!"
If given the choice, old Sanderson would never allow anyone to acquire Standard Chartered Bank, but at this moment, old Sanderson knew very well that they had no choice.
In the capital market, cash is king!
This is not an empty talk. In any period of business war in the world, no matter how fierce the fight is and how many tricks the two sides use to fight, in fact, in many cases, at least in more than 80% of the cases, it is the one with stronger funds.
One side will win in the end.
By this time, old Sanderson had also understood one thing. There had been rumors in the Xiangjiang market that Jiaku's cash flow had problems, but it was actually a lie.
First, they bid for the land in Central, then built it, investing HK$8 billion in the entire project. Now they are acquiring Standard Chartered Bank. Even if Alder Commercial Bank does not seek to delist Standard Chartered Bank and privatize it, but only seeks the final controlling stake, it will at least
Nearly 8 billion Hong Kong dollars were spent.
After dealing with Chu Huan in Xiangjiang for so many years, old Sanderson still very much agrees with what Chu Huan just said, that is, Jiaku never fights uncertain battles. Since Chu Huan has chosen to fight with him at this time,
If we discuss this matter openly and honestly, there is only one possibility. Chu Huan has already prepared more cash to deal with this matter.
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There is no need to fight this battle!
If this is the case, then the old Sanderson can only make a choice to maximize the interests of his family.
"Director Chu, although the price is much higher, you should know that if our family goes against you on this matter, although we will still lose to you in the end, Director Chu, I believe that the price you have paid, Director Chu, is
The price must be more than this!"
Finally, old Sanderson met Chu Huan.
Chu Huan frowned slightly, he did not deny this, otherwise Chu Huan would not have come to see old Sanderson today.
In fact, even though it is now imperative for Alder Commercial Bank to acquire Standard Chartered Bank, Chu Huan has not thought about delisting and privatizing Standard Chartered Bank at this stage.
This will be a very cumbersome matter. Even if the specific matter is done by people from Alde Commercial Bank, it will involve Chu Huan's energy.
What Chu Huan has to do now is actually to complete the acquisition of Standard Chartered Bank and become the largest shareholder of Standard Chartered Bank. He has already joined the management of Standard Chartered Bank and obtained the operating rights of Standard Chartered Bank. This is enough!
"No problem!" Chu Huan agreed to Sanderson Sr.'s proposal and decided to acquire the Sanderson family's 13.87% stake in Standard Chartered Bank at a price of HK$3 billion.
This chapter is not over yet, please click on the next page to continue reading! Old Sanderson stood up and shook hands with Chu Huan and said: "From now on, Jiaku will no longer have any weaknesses in Xiangjiang. Congratulations to Director Chu!"
The strength of Jiaku in Xiangjiang is obvious to all. If you have to find faults, the banking industry is actually Jiaku’s weakness.
First of all, neither Kako Bank nor Alde Commercial Bank can alone be the one to set standards in the Hong Kong banking industry. Only HSBC can set standards in the Hong Kong banking industry.
Secondly, according to the laws and regulations of Hong Kong's banking industry, if HSBC really goes all out, it can investigate Jiaku's deposits in Hong Kong. For Jiaku, this is something that may happen, but the probability of it happening is not that high.
That's why I say it's the weak point of being picky.
Now, Alder Commercial Bank has acquired Standard Chartered Bank. As the settlement bank in Hong Kong, Jiaku's second weakness is gone. With the completion of Alder Commercial Bank's acquisition of Standard Chartered Bank.
The Hong Kong Jia Ku Banking Group will become one of the two major banking groups in Hong Kong that is as large as HSBC.
To put it simply, even if the Hong Kong government is unwilling, Kako Bank Group will become one of the two banking groups that sets the rules for the banking industry in Hong Kong!
Chu Huan stood up and shook hands with old Sanderson and said, "I would also like to thank Mr. Sanderson for your adult beauty!"
Old Sanderson put away the bitterness in his heart and said with a smile: "I know that Mr. Chu, your Jiaku has a lot of investment in England. If possible, our family also hopes to continue to cooperate with Mr. Chu's Jiaku."
!”
This is the second reason why Sanderson Sr. agreed to sell his family's shares in Standard Chartered Bank to Chu Huan.
In the past, he only knew that Chu Huan's Jiaku had a lot of investment in England, but he didn't know the specific investment amount and scale. It wasn't until Jiaku acquired Jardine and Land that Old Sanderson understood that Jiaku
Investment in England is absolutely beyond imagination.
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At that time, old Sanderson already thought that he paid enough attention to the scale of Jiaku, but now that he discovered that Chu Huan could actually acquire Standard Chartered, he realized that his guess might not be bold enough.
Ying Lun allowed Jia Ku to become a unique presence in Xiangjiang, which fully demonstrated that Jia Ku's investment in Ying Lun and his relationship with Ying Lun were definitely beyond his imagination!
Therefore, old Sanderson also hopes to continue to cooperate with Chu Huan.
Chu Huan did not refuse Old Sanderson's request. Except for Jiaku's core business in England, Chu Huan did not allow outsiders to join. In fact, the more capital involved in other investments, the more Chu Huan became interested.
Happy, after all, more capital involvement actually means greater power for them.
"Of course, if possible, we, Jiaku, also hope to have more cooperation with Mr. Sanderson's family."
.
After the matter was discussed, Chu Huan returned to the Chinese Bank and called Bryant, the president of Alder Commercial Bank Xiangjiang Branch.
Although old Sanderson agreed to Alder Commercial Bank's acquisition of Standard Chartered Bank this time, there are still a lot of procedures to go through. These procedures will be completed with Alder Commercial Bank after old Sanderson returns to London.
The director of the UK office contacted him.
But on the other hand, Standard Chartered Bank's business in Hong Kong also needs to be delivered at the same time.
Even if Alder Commercial Bank completes its acquisition of Standard Chartered Bank, it will still be an independent listed company before it is completely delisted and privatized.
Naturally, the business is also independent. Chu Huan called Bryant here with the main purpose of asking him to assist Xiangjiang Jiaku's talents in digesting the business that Standard Chartered Bank wanted to acquire!
It is not that Alder Commercial Bank Xiangjiang Branch takes over the business of Standard Chartered Bank in Xiangjiang.
But even so, Bryant was still very happy after learning that the company had completed the acquisition of Standard Chartered Bank.
"Chairman, this is really great. After acquiring Standard Chartered Bank, we not only completed our banking business in Hong Kong to catch up with HSBC, but more importantly, we also completed the bank's layout in Europe. Standard Chartered Bank's expansion in Europe
Although their business is not as good as that of Xiangjiang, they already have a complete business network and can better assist the head office in completing its layout in Europe!"
Chu Huan smiled, this was another reason why they acquired Standard Chartered Bank.
In fact, Alder Commercial Bank's European business at this time has been somewhat unable to keep up with the development of European A-banks.
But if Alder Commercial Bank completes the business takeover of Standard Chartered Bank, then their network in Europe will be completely opened. With the support of Jiaku European Region, ten years later, Jiaku Bank Group will also have a strong presence in Europe.
Become a super banking group!
"Things in Europe are too far away. Now you only need to take care of the situation in Xiangjiang!" Chu Huan said to Bryant with a smile.
Bryant nodded and said: "I understand, Chairman, don't worry, on this matter, we can learn from Mr. Liu Zhiyuan, the president of Jiaku Bank!"
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Compared with Alde Commercial Bank, Koku Bank is very experienced in receiving banks.
Chu Huan smiled at this and said: "Okay, but you are still the main force in this matter. Liu Zhiyuan has more important things to do next, and they can't help you much!"
Doubts suddenly arose in Bryant's mind. He knew the strategic significance of acquiring Standard Chartered Bank to Alder Commercial Bank. He really couldn't figure out what other important things could compare with this!
At this moment, Xu Yi suddenly came to Chu Huan's office in a hurry. It seemed that he had important things to do.
But when she saw Bryant was here, she didn't speak directly.
Bryant understood that Xu Yi must have something to report to Chu Huan that he did not need to know, so he said goodbye.
After Bryant left Chu Huan's office, Xu Yicai immediately said: "Boss, something happened at Hang Lung Bank!"