Irving Trust Company, the company's vice president, Alan Pitt, did not expect that the shares of Dao Heng Bank acquired at a cost of HK$200 million a few years ago would actually become a hot commodity, ushering in the competition of many forces at the same time.
They have conducted a detailed evaluation of Dao Heng Bank in the past half month. At present, this bank's business is good, and its profit increased significantly last year. According to their company's evaluation standards, its market value is approximately HK$1.3 billion.
However, there is a big hidden danger here, that is, Dao Heng Bank relies heavily on a newly emerging force in Hong Kong - the Xin Jian Clique. Once the businesses of the Xin Jian Clique and their allies withdraw from Dao Heng Bank, then Dao Heng Bank will probably
The value will plummet.
The executives of Irving Trust Company all have a selling attitude towards Dao Heng Bank shares. Xiangjiang has fully liberalized the issuance of banking licenses. Xin Jian will definitely establish its own bank. Dao Heng Bank will be hit hard by then.
Rather than hold the shares in your hands and let them depreciate, it is better to sell them at a high price now, so as to obtain the maximum profit.
In order to increase the price of the shares, Alan Pitt deliberately met with three parties of purchasers on the same afternoon.
This also led to Zhou Pengfei’s team, Feng Jingyao’s team, and Qiu Deba’s team meeting at Owen Trust Company.
Compared with the other two teams, Zhou Pengfei's acquisition team is relatively special. Except for Zhou Pengfei himself who is Chinese, the others are all British.
This also gives the outside world the impression that the company behind Blue Maple Investment Company should be British capital, and it is difficult to have anything to do with Li Jianhui.
Because Feng Jingyao was a partner of Irving Trust Company and the manager of Dao Heng Bank, Alan Pitt put the discussion with Feng Jingyao last.
Although Blue Maple Investment Company was established only a short time ago, it is strong and has many British aristocrats behind it. It is also a person that Owen Trust Company is very interested in this time, so it is placed in second place.
When Qiu Deba learned that his team was the first one to negotiate with Irving Trust Company, he looked very unhappy. Unless he offered a sky-high price, it would be impossible for Irving Trust Company to immediately agree to sell Dao Heng Bank shares to him.
…
When Zhou Pengfei led the acquisition team into the conference room, it was already half an hour later.
Although he had been haggling for half an hour, Alan Pitt did not show the slightest trace of exhaustion on his face.
He smiled and said: "Mr. Zhou, I also know something about your Blue Feng Investment Company. You provide customers with an annual return rate of 12%.
Although Daoheng Bank has developed quite well over the past year or so, I'm afraid it doesn't meet the requirements of your company. Why are you interested in such a small bank?"
"Mr. Peter, we are investing in the future of Dao Heng Bank. Although there are indeed some losses at present, who can know the future? Maybe Dao Heng Bank will be the next Bank of East Asia."
Zhou Pengfei was unwilling to disclose more, and Alan Pitt did not ask any more questions. The two parties officially entered into acquisition negotiations.
Don't overestimate the quality of these people. When it comes to specific prices, they are just like vegetable market vendors and grocery shopping mothers.
It's just that in the vegetable market, every penny is worth fighting for, but here it's tens of millions.
Seeing that the price offered by Zhou Pengfei could not reach the price he expected for a long time, Alan Pitt said: "Mr. Zhou, if this is the price you expected, then I think there is no need for us to continue to waste time."
Zhou Pengfei didn't know whether Pete was provoking the general, or whether the price Qiu Derba offered was really high enough for Pete to say such words.
He said tentatively: "I believe you have made an assessment of Dao Heng Bank. We have acquired 55% of your shares for HK$800 million. This is already very sincere."
"At this moment, Blue Maple Investment Company and our company have similar businesses. I believe Mr. Zhou understands the current situation. If you use Blue Maple Investment Company's set of standards for valuation, I'm afraid it will be difficult for both of us to reach cooperation."
Because Li Jianhui requested that Lanfeng Investment Company must take over this share, Qiu Deba must not be allowed to succeed.
This also caused Zhou Pengfei to appear quite passive in acquisition negotiations, especially when he did not know how much Qiu Deba would pay.
Irving Trust Company is obviously shopping around this time, and will sell its shares to whoever offers the highest price.
Zhou Pengfei pondered for a while and said helplessly: "Peter, I am really optimistic about Daoheng Bank. I also know what you think. I will give you a final price of HK$900 million, just HK$900 million..."
While talking, Zhou Pengfei was also observing the expressions of the people at Owen Trust Company, and for this reason he also specially emphasized the price of 900 million.
Although Ellen Pitt is cunning and cunning, there were still some people whose expressions changed when he mentioned HK$900 million.
At this time, Zhou Pengfei also had some confidence in his heart. HK$900 million was his final price, and he would not raise it any higher.
Seeing that Zhou Pengfei had already said it, Peter was unwilling to increase it, so he could only say: "Mr. Zhou, I am very happy to have today's meeting. I will report to the president whether there is a transaction or not. We will make it before nine o'clock tonight."
Telephone notification.”
"I hope your company can have basic principles and don't think about constantly disclosing its acquisition price to our competitors, so as to think about continuous price increases from all parties. I also look forward to receiving good news from your company today."
"Mr. Zhou, please rest assured that as a world-class company, our Irving Trust Company cannot do such a thing. Since we have made a promise to you three before, we will never break our promise."
When Zhou Pengfei went out, he smiled at Feng Jingyao, and then left with the acquisition team.
The two parties did not communicate verbally with the outside world, and did not want Irving Trust Company to know about their relationship.
At 7:30 in the evening, in Qiu Deba's suite, the phone rang. Qiu Deba quickly walked to the phone, picked up the phone and said, "Hello!"
"I'm Peter, is this Mr. Qiu?"
"I am Qiu Degen, has Mr. Peter brought me any good news?"
"We at Irving Company also hope to reach cooperation with Mr. Qiu, but unfortunately, Blue Maple Investment Company's investment is higher than that of you and Mr. Feng. According to the agreement, we can only sell our shares to Blue Maple Investment Company."
Qiu Deba wondered if he had heard wrongly. He had thought that Feng Jingyao's investment would be higher than his, but Lanfeng Investment Company was not within the scope of his consideration at all.
You must know that Blue Maple Investment Company's rate of return for customers is quite high. Daoheng Bank simply cannot meet Blue Maple Investment Company's investment requirements. Even if it is an investment, the premium will only be about one level at most, so it is impossible to invest too high.
But Peter told him that the highest bidder was Blue Maple Investment Company, which surprised him.
At this moment, Zhou Pengfei had already called Xiangjiang and reported to Li Jianhui the good news that Blue Feng Investment Company had acquired shares in Daoheng Bank.