MTL - The Most Powerful Tycoon Reborn In Xiangjiang-v2 Chapter 809 Standard Chartered Bank started (7K large
Chapter 809 Started by Standard Chartered Bank (7K chapter, please subscribe~)
Chu Huan was not deliberately avoiding Chen Songqing, but Chu Huan was indeed answering an important call at this time.
The content of the phone call also made Chu Huan very satisfied.
"Chairman, Moonsea Securities in London has reached a consensus on the acquisition with most of the shareholders of Standard Chartered. They have verbally agreed to our acquisition of the shares of Standard Chartered. Now only the original largest shareholder of Standard Chartered and the current Sanderson family of Standard Chartered have agreed. Already!"
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 in North America.
This is also the reason why Yinglun agreed to Chu Huan's acquisition of Standard Chartered Bank very happily.
After all, a British local bank being acquired by a North American bank sounds much better than being acquired by a Xiangjiang Bank.
Actually, the acquisition of Standard Chartered Bank has never been a difficult business. The reason why Chu Huan chose to temporarily stop the acquisition of Standard Chartered Bank was because Jiaku was acquiring Jardine Land at that time.
If you choose to acquire Standard Chartered at that time, the stimulation to England will be too great.
It’s better now. It’s been almost two years since Jiaku acquired Jardine Land, and the impact has already 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 display on the London Stock Exchange is British pounds, which has been converted!), and in order to complete the final blow this year, Chu Huan still decided to Acquired Standard Chartered Bank at a premium.
So North American Alder Commercial Bank acquired Standard Chartered Bank with a market value of 13 billion Hong Kong dollars.
The premium exceeded 45%. At this price, the shareholders of Standard Chartered Bank quickly 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 shareholders of Standard Chartered Bank to acquire the shares of Standard Chartered Bank in their hands.
This part of the shares is almost 27.5% of the shares of Standard Chartered Bank, but this has guaranteed 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 management of Standard Chartered Bank is 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 a 15% stake in Standard Chartered Bank and became the largest shareholder of Standard Chartered Bank.
At that time, in order to be able to accomplish this, Bao Yugang even resigned from his position as a director of HSBC.
But even so, Bao Yugang still could not obtain the management 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, thereby achieving the purpose of weakening Bao Yugang’s equity in Standard Chartered Bank.
Coupled with Bao Yugang’s physical condition at that time, Bao Yugang finally sold the shares of Standard Chartered Bank and launched the board of directors of Standard Chartered Bank.
And this commercial activity of Bao Yugang was also rated by the media as one of the two major failures in Bao Yugang's ups and downs in the business world, and the other was Bao Yugang's investment in Dragonair.
There are two reasons why the Sanderson family can firmly hold the right to operate Standard Chartered Bank.
First, because the Sanderson family has operated Standard Chartered Bank for many years, most members of 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 right is also in the hands of Sanderson.
This is actually the same as the problem between Citicorp Bank and Far East Bank in Hong Kong back then.
Although Citicorp Bank holds more than 50% of Far East Bank's shares, the management rights of Far East and Far East Bank have always been firmly in the hands of Qiu Degen.
The second is because the Sanderson family itself holds 13.87% of the shares of Standard Chartered Bank. Before that, the Sanderson family has always been the largest shareholder of Standard Chartered Bank.
"Continue to contact other shareholders of Standard Chartered Bank, and make public the acquisition of Standard Chartered Bank, and buy shares of Standard Chartered Bank in the stock market!"
Chu Huan called Ma Jizu and believed that after the agreement with the shareholders of Standard Chartered Bank was completed, the London Stock Exchange would announce Alder Commercial Bank's controlling stake in Standard Chartered Bank. The family must also know.
Ma Jizu said: "Understood, after the market opens here in London time, I will make this matter public immediately!"
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After hanging up the phone with Ma Jizu, Chu Huan called Xu Yi.
"Contact Sanderson for me and say I'm going to visit him today!"
If possible, Chu Huan still hopes to acquire Standard Chartered Bank peacefully. In this month, Chu Huan has too many things to deal with. He must solve the things that can be solved as soon as possible, otherwise Alder Commercial If a bank wants to obtain the right to operate 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's better to solve this matter now.
Cut the mess with a sharp knife.
Otherwise, after September, it is hard to guarantee that there will not be some moths in England.
Xu Yi reminded Chu Huan: "Boss, just now Chen Songqing from Carrian called and said he wanted to meet you!"
"The other party should be here to borrow money!" Chu Huan judged: "The sales and leasing of Hongmian Building are not ideal, and coupled with the current economic environment in Xiangjiang, it seems that Carrian's side can also prepare to close the net. !"
Xu Yi asked: "Then shall we tell Umin Bank in Malaysia about the situation between Carrian and Umin Finance?"
Chu Huan thought for a while, and said: "Yes, 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 thoroughly expose all of Xiangjiang's economic problems. Only in this way can Chu Huan complete his plan and deal with Xiangjiang's collapsed economic environment after the end of September. You can also concentrate on shooting!
"What about Chen Songqing?" Xu Yi continued to ask.
"Don't worry about him, Carrian is hopeless, but you have to inform Wen Mingzhang to make him take over Carrian!
Carrian is snowballed by Chen Songqing, but in fact, Carrian's own assets are still high-quality assets, but Carrian's debts are too big, and Chen Songqing can no longer bear the big ones.
If Carrian can be acquired by a powerful company, Carrian will still be a successful listed company after reorganizing its assets, restructuring its debts, and then dormant for several years to pay off its debts. .
Besides, Chu Huan himself still has some other ideas about Carrian. After all, Chu Huan promised Mr. Zhu before that he could help the Merchants Bureau to complete a backdoor listing in Xiangjiang.
Chu Huan has always taken this matter to heart, and now Carrian is a good choice.
Of course, if you want Merchants Bureau to take a stake in Carrian, you must hand over a healthy Carrian to Merchants Bureau.
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Heung Kong, the headquarters of Standard Chartered Bank!
Standard Chartered Bank is registered in London, but its main business is in Xiangjiang, so the old Sanderson, as the president of Standard Chartered Bank, also stays in Xiangjiang all year round.
At this time, the old Sanderson was not in a very good mood, even a little irritable.
There are also two reasons for this.
One is because of the current situation in Hong Kong. The impact of the current economic downturn in Xiangjiang is comprehensive. Although it seems that Standard Chartered Bank has no problem, in fact, the downturn in other industries has led to the performance of Standard Chartered Bank during this period compared to last year. declined.
The second reason is more important. Just today, old Sanderson received a call from England, who told old Sanderson that a huge capital appeared in the market and was contacting the shareholders of Standard Chartered Bank to acquire their assets. Shares, and even some shareholders have agreed to the other party's acquisition.
At this time, such a problem arises, no wonder old Sanderson is in a bad mood!
But at this time, old Sanderson can only force himself to meet Chu Huan, an important guest.
At this time in Xiangjiang, no one can ignore the existence of Chu Huan.
"Mr. 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 said with a smile: "Mr. Sanderson, I will go to the Three Treasure Hall for nothing!"
Old Sanderson murmured in his heart. The outside world has been rumoring for several months that there is a problem with the cash flow of Jiaku. If Chu Huan said so today, he must have come to them for a loan from Standard Chartered, right?
If this is the case, Sanderson Sr. must be in favor of it.
But soon, Sanderson Sr. dismissed the idea.
If it is time for a bank to take out a loan, then Chu Huan will definitely get a loan from Jiaku Bank or Alder Commercial Bank instead of Standard Chartered Bank.
After all, the size of these two banks in Xiangjiang is no worse than that of Standard Chartered Bank. Even if the size of the two banks is added together, in terms of asset value, it is even more than Standard Chartered Bank!
Then why did Chu Huan come here?
"It is an honor for our Standard Chartered Bank to have Mr. Chu come to the door in person. As long as it is within the scope of our bank's capabilities, our bank will definitely do our best."
Old Sanderson couldn't figure out Chu Huan's context, so he could only preach like this.
Chu Huan laughed and said, "If that's the case, that would be great!"
Afterwards, Chu Huan paused for a moment before continuing to speak: "That's right, 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 Commerzbank will definitely give you a satisfactory price!"
The old Sanderson's expression tightened, and he straightened out everything in an instant, and his face became a little ugly, and asked: "So, the one who bought the shares of Standard Chartered Bank in London is Alder Commercial under the name of Chairman Chu. bank?"
Chu Huan was not surprised that the old Sanderson received the news. The old Sanderson had run Standard Chartered Bank for many years and had many friends in London. His friends might sell the shares of Standard Chartered Bank to Alder Commercial Bank, but at the same time, they did not delay in notifying Old Sanderson of the news.
"It is indeed the acquisition of Standard Chartered Bank initiated by Alder Commercial Bank. Now Alder 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 in Standard Chartered Bank, but he didn't expect so many.
"To be able to get so many shares of Standard Chartered Bank in such a short and secret situation, Mr. 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 high, it is still acceptable for the status of Standard Chartered Bank in our Aku Bank Group in Xiangjiang!"
Standard Chartered Bank and HSBC are the only settlement banks in Hong Kong at this time, and of course they are also the only banks with the right to issue banknotes.
At the same time, the Taipan of Standard Chartered Bank and the Taipan of HSBC Bank are also the rotating chairmen of the Xiangjiang Bank Association.
Only by holding Standard Chartered Bank in the hands can the Jiaku Bank Group have the right to sit on an equal footing with HSBC in Hong Kong.
Old Sanderson stopped talking. If Chu Huan didn't say the price, he thought that his side could still compete with Chu Huan.
But at this price, old Sanderson knew very well that they couldn't beat Chu Huan unless there was a white knight!
But how could the white knight appear so easily, and the identity of the other party was a white knight or a black knight, in fact, old Sanderson couldn't decide in his mind.
What I am afraid of is that the front door will drive the wolf away and the back door will enter the tiger.
"I'm curious about one thing. I wonder if Mr. Chu can help me?" Old Sanderson didn't answer Chu Huan's question directly, but asked Chu Huan a question instead.
Chu Huan was very patient today, and said: "Mr. Sanderson, please speak!"
The old Sanderson asked: "Isn't there a problem with the working capital of Jiaku that has been rumored outside? Just buying the 27.5% of the shares has already cost you 3.575 billion Hong Kong dollars, Mr. Chu. You still have Any remaining cash?"
Chu Huan said with a smile: "Our library never takes unprepared battles. In terms of funds, Mr. Sanderson, please don't worry!"
Old Sanderson said: "If I disagree with Director Chu's acquisition, then your Alder Commercial Bank needs to acquire at least 22.6% of the shares of Standard Chartered Bank, which is nearly 3 billion Hong Kong dollars in cash. Is this money also available?"
Chu Huan nodded again and said, "Naturally, Yuehai Securities has already prepared the funds, and now it's up to Mr. Sanderson whether you want the funds, or whether Yuehai Securities will give the funds to those Standard Chartered banks." Shareholders!"
Old Sanderson took a deep look at Chu Huan, and suddenly let out a laugh that has seen the vicissitudes of time, "Young people are awesome, Standard Chartered is not the Far East, as long as Chairman Chu holds more than 50% of the shares of Standard Chartered Bank, there will be The right to request the reorganization of the board of directors of Standard Chartered Bank, when the time comes, our Sanderson family members in Standard Chartered Bank, I am afraid that they will leave?"
Chu Huan said: "A library has the world's largest talent pool, and the talents here can enter any industry and any position at any time!"
Old Sanderson's expression began to become lonely, and he continued to speak: "Mr. Chu, you dare to initiate the acquisition of our Standard Chartered Bank at this time, and you should have already negotiated with the London side, right?"
"Jiaku is a group with global influence. We also have investments all over the world, and England is no exception. It is normal to have some friends in England!"
Chu Huan vaguely answered old Sanderson's question.
The old Sanderson sat there, the tangled color between his brows was very obvious. After a long time, the old Sanderson said: "With 3 billion Hong Kong dollars, Chairman Chu's Alder Commercial Bank can take away our Sanderson family's investment 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 there is a choice, the old Sanderson will never allow anyone to acquire Standard Chartered Bank, but at this moment, the old Sanderson is very clear that they have no choice.
In the capital market, cash is king!
This is not 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 have in the fight, in fact, in many cases, at least 80% of the cases, are the ones with more abundant funds. One side will win in the end.
By this time, the old Sanderson had also understood one thing. It was rumored in the Xiangjiang market that there was a problem with the cash flow of Jiaku, but it was actually a nonsense thing.
First bid for the piece of land in Central, and then build it. The entire project invested 8 billion Hong Kong dollars. Now, if it buys Standard Chartered Bank, even if Alder Commercial Bank does not pursue the delisting and privatization of Standard Chartered Bank, but only seeks the final controlling stake, it must at least Nearly eight billion Hong Kong dollars were spent.
Having dealt with Chu Huan in Xiangjiang for so many years, the old Sanderson still agrees with what Chu Huan just said, that is, Jiaku never fights uncertain battles. Since Chu Huan chose to fight with himself at this time If we discuss this matter openly, there is only one possibility. Chu Huan has prepared more cash to deal with this matter.
There is no need to fight this battle!
Since this is the case, the old Sanderson can only seek to maximize the interests of his family.
"Mr. Chu, although the price is much higher, you should know that if our family disagrees with you on this matter, although we will lose to you in the end, I believe that what you have paid, Mr. Chu The price must be more than this!"
Finally, old Sanderson met Chu Huan.
Chu Huan nodded slightly, he did not deny this, otherwise Chu Huan would not have come to see Old Sanderson on purpose today.
In fact, even now that Alder Commercial Bank is imperative to acquire Standard Chartered Bank, Chu Huan has not thought about delisting Standard Chartered Bank at this stage.
This will be a very cumbersome matter, even if the specific things are done by people from Alder 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, become the largest shareholder of Standard Chartered Bank, has already entered the management of Standard Chartered Bank, and obtained the management right of Standard Chartered Bank, which is enough!
"No problem!" Chu Huan agreed to the old Sanderson's proposal, and decided to take the Sanderson family's 13.87% stake in Standard Chartered Bank at a price of 3 billion Hong Kong dollars.
Old Sanderson stood up and shook hands with Chu Huan and said, "From now on, Jiaku will no longer have any weakness in Xiangjiang. Congratulations to Director Chu!"
Jiaku’s strength in Xiangjiang is obvious to all. If you have to pick a bone, the banking industry is actually Jiaku’s weakness.
First of all, neither Jiaku Bank nor Alder Commercial Bank can become the one that sets standards in the Hong Kong banking industry alone. Only HSBC can set standards in the Hong Kong banking industry.
Secondly, according to the laws and regulations of Xiangjiang’s banking industry, if HSBC really goes all out, it can investigate Treasury A’s deposits in Xiangjiang. This is a possibility for Treasury A, but the probability of occurrence is not so high.
That's why I say it's a weakness in the egg.
Now it’s better, Alder Commercial Bank has acquired Standard Chartered Bank, as the settlement bank of Hong Kong, Jiaku’s second weakness is gone, and with the completion of the acquisition of Standard Chartered Bank by Alder Commercial Bank.
Xiangjiang Jiaku Bank Group in Xiangjiang will become one of the two major banking groups that stand side by side with HSBC in terms of scale.
To put it simply, even if the Hong Kong government is unwilling, the Jiaku Bank Group will become one of the two banking groups that set the rules for the Hong Kong Banking Industry!
Chu Huan stood up and shook hands with the old Sanderson: "This is also thanks to Mr. Sanderson for your adult beauty!"
The old Sanderson put away the bitterness in his heart, and said with a smile: "I know 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 old Sanderson 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 bought Jardine and bought the land that old Sanderson understood that Jiaku Investment in England is definitely beyond imagination.
At that time, the old Sanderson already thought that he paid enough attention to the scale of Jiaku, but now when he found out that Chu Huan could still buy Standard Chartered, he realized that his guess might not be bold enough.
England allows Jiaku to become a unique existence in Xiangjiang, which has fully demonstrated that Jiaku's investment in England and the relationship in England are definitely beyond his imagination!
So, Old Sanderson also hopes to continue to cooperate with Chu Huan.
Chu Huan did not refuse the old Sanderson's request. Except for Jiaku's core business in England, where Chu Huan does not allow outsiders to join, other investments, in fact, the more capital involved, the more Chu Huan became concerned. Happy, after all, more capital involved actually means that their power is greater.
"Of course, if possible, our Jiaku also hopes to have more cooperation with Mr. Sanderson's family."
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After talking about the matter, Chu Huan returned to the Chinese Bank and called Bryant, the president of the Xiangjiang Branch of Alder Commercial Bank.
Although Old Sanderson agreed to the acquisition of Standard Chartered Bank by Alder Commercial Bank this time, there are still many procedures to go through. These procedures will be completed with Alder Commercial Bank after Old Sanderson returns to London. The director of the office in England carried out with him.
But on the other hand, the business of Standard Chartered Bank in Xiangjiang also needs to be delivered at the same time.
Even if Alder Commercial Bank completes the acquisition of Standard Chartered Bank, it is still an independent listed company before the bank is completely delisted and privatized.
The business is naturally independent. Chu Huan called Bryant, the main purpose of which was to let him assist the talents of Xiangjiang Jiaku to complete the business that Standard Chartered Bank wanted!
It is not for Alder Commercial Bank Xiangjiang Branch to take over the business of Standard Chartered Bank in Xiangjiang.
But even so, Bryant was still very happy after knowing that the company had completed the acquisition of Standard Chartered Bank.
"Chairman, this is really great. After the acquisition of Standard Chartered Bank, we not only completed the banking business in Hong Kong to catch up with HSBC, but more importantly, we also completed the layout of the bank in Europe. Although the business is not as good as Xiangjiang, they already have a complete business network and can better assist the head office to complete the layout of Europe!"
Chu Huan smiled, this is another reason why they bought Standard Chartered Bank.
Actually, the business of Alder Commercial Bank in Europe at this time has been somewhat unable to keep up with the development of the European Bank.
However, if Alder Commercial Bank completes the business acceptance of Standard Chartered Bank, then even if their network in Europe is completely opened, and with the support of Jiaku European District, ten years later, Jiaku Bank Group will also be in Europe. Become a super bank 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, we can learn from Mr. Liu Zhiyuan, the president of Bank of Jiaku, on this kind of matter!"
Compared with Alder Commercial Bank, Jiaku Bank is very experienced in receiving banks.
Chu Huan smiled and said: "Yes, 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!"
Bryant suddenly had doubts in his heart. He knew the strategic significance of the acquisition of Standard Chartered Bank for Alder Commercial Bank. He really couldn't figure out what other important things could be compared with this matter!
At this time, Xu Yi suddenly came to Chu Huan's office in a hurry. It seemed that he had something important to do.
It's just that when she saw that Bryant was here, she didn't speak directly.
Bryant understood that Xu Yi must have something to report to Chu Huan that he didn't need to know, so he bid farewell.
After Bryant left Chu Huan's office, Xu Yicai immediately said: "Boss, something happened at Hang Lung Bank!"
Thank you everyone, the typo is corrected first and then corrected~
(end of this chapter)