allendalepharm Chapter 615 Successful Acquisition
Chapter 615 Successful Acquisition
"Hello, let me introduce myself. I'm Wu Qiang, the boss of Lai Xin Industrial."
He Lai said with a smile and stretched out his right hand.
"Hello, I'm He Shanheng, please sit down." He Shanheng looked at He Lai's young face and was stunned for a moment, but still stretched out his hand and shook hands with He Lai.
After all, the person standing next to He Lai was Lu Zixuan from Lai Xin Industrial, so He Shanheng naturally knew him. From the respectful look on Lu Zixuan's face as he stood behind He Lai, it was obvious that He Lai was not lying.
He Lai smiled and sat down, then said, "Boss He, I like to speak quickly and directly. I hope you don't mind."
"Mr. Wu, please feel free to speak." He Shanheng said with a smile.
"It's like this. I know your Hang Seng Bank is in trouble now. I am interested in acquiring a bank. What do you think? Do you want to cooperate? Don't worry, as long as you are willing to cooperate, the funding can be discussed. I guarantee that you will be satisfied."
"Really?" He Shanheng's eyes lit up instantly. He didn't expect He Lai to use his ultimate move right away.
"nature!"
“So how much equity do you want?”
"Fifty-one percent."
When He Shanheng heard this number, he fell into deep thought again. This number seemed to be recognized by all.
After all, HSBC's requirements were the same, from initially wanting to acquire 70% of the shares to only 51% in the end.
The purpose, of course, is controlling rights.
"Then I wonder how much Mr. Wu plans to invest in the acquisition, and how much money you plan to invest in Hang Seng Bank."
He Shanheng asked.
After all, these two points are the key.
After the Hang Seng Bank crisis broke out, it had three options.
The first was to accept the temporary emergency loan from the American Chase Bank. Of course, the interest rate was shockingly high. Accepting it would mean that Hang Seng Bank would become an employee of Chase Bank.
The second option is to close down immediately and let the government take over. Government takeover means bankruptcy, which is something Hang Seng Bank cannot accept.
The third is to accept the financial support from HSBC. However, HSBC's support is not unconditional. It wants 51% of Hang Seng Bank's shares, which means that Hang Seng Bank has become a British bank.
Hang Seng Bank's capital is 2250 million yuan, it has more than 6 million yuan in cash deposits, and it can collect about million yuan in bills.
But the deposits it accepts are 7 million, and all the 7 million depositors come to withdraw their money. You only have less than million in your hand, so you cannot satisfy all the depositors.
Of course, the problem with Hang Seng Bank is not that it is insolvent. That is not the point. Hang Seng Bank has lent out all its money and now it just cannot cash it out. It does not have that much cash, or there is no way for all depositors to withdraw their money.
HSBC took advantage of the situation and was only willing to spend 51 million to buy the 51% stake.
Hang Seng Bank doesn’t have much money now. It has lost 200 million yuan in the past half month. If no more money comes in, the remaining 100 million yuan will not last long.
"Boss He, it's not up to me to say this now, but how much are you willing to sell it for? But you can rest assured that my price is definitely higher than the price offered by HSBC. And you should also know a little about the current strength of Lai Xin Industrial. I believe that as long as the news is released that Lai Xin Industrial has taken over Hang Seng Bank, it will definitely appease the hearts of those depositors.
This morning, the gambling king Fu from the gambling city told me that he would support me with 200 million Hong Kong dollars. "
He Lai smiled.
When He Shanheng heard what He Lai said, his eyes immediately lit up.
Just because the gambling king of a gambling city can come up with 200 million, it doesn’t mean that your predicament can be solved at any time.
"Okay, then I will call a meeting of shareholders to discuss Mr. Wu's plan."
He Shanheng said happily.
"Okay, then I'll wait for good news. Zixuan, you handle the rest. I won't be responsible for it."
He Lai saw that He Shanheng had given in and said.
"Okay, boss."
Lu Zixuan nodded and replied.
Before He Lin left, he left a message: "Boss He, I hope that we Chinese people will not give our own bank to the Eagles."
……
Afterwards, things soon came to a conclusion. Ho Sin Heng and the shareholders agreed to He Lai's proposal. After all, as a Chinese, he was unwilling to give the bank he had worked so hard to establish to the Americans.
It has not been easy for Hang Seng Bank to come this far. In the early days, Hang Seng Bank could only do business with ordinary people.
When dealing with wealthy people and competing with British banks, if the British banks offered an interest rate of 3%, then Hang Seng Bank could offer 4% to attract them with high interest rates.
Also, British banks open at 10:30 in the morning, while Hang Seng Bank opens at 9:00 and does not close at noon.
British banks are closed on Saturdays and Sundays, but Hang Seng Bank makes an effort and opens on Saturdays and Sundays.
This is the only thing that Hang Seng Bank can compare with British banks. It has been in business for a long time, so Hang Seng Bank has gradually grown bigger.
Small and medium-sized enterprises cannot open accounts in British banks, but they can open accounts in Hang Seng Bank. Moreover, the service attitude is very friendly, and the bank staff can come out to chat with you. Hang Seng Bank does business that British banks do not do, attracting customers, and it is very successful.
In fact, most Chinese banks do the same, but Hang Seng Bank is the best among them.
Finally, Lai Xin Industrial acquired 51% of the shares of Hang Seng Bank for HK$70 million. Ho Sin Hang continued to serve as the general manager, responsible for managing the affairs of Hang Seng Bank.
At the same time, Lai Xin Industrial deposited 300 million Hong Kong dollars into Hang Seng Bank, Fu Huo deposited 200 million Hong Kong dollars, and Huo Ying deposited 100 million Hong Kong dollars.
The intervention of three super-rich people directly reversed the situation.
Boxes of banknotes entering Hang Seng Bank give depositors a strong reassurance.
All major newspapers in Hong Kong reported the incident on the same day and confirmed its authenticity.
Soon the crowd in front of Hang Seng Bank dispersed, and many depositors deposited the money they withdrew back into Hang Seng Bank.
At this point, the run on Hang Seng Bank came to an end with He Lai's investment in Hang Seng Bank.
……
Our protagonist He Lai was having dinner with Lei Luo and Bo Hao at the Juxian Tower at this time.
"A Qiang, you are a good kid and have the potential to be a businessman!" Lei Luo said with a smile.
"Brother Le, you flatter me. I am just a hands-off boss. Everything is done by my subordinates. Of course, there is also the help of Brother Le and Brother Hao. Otherwise, how could Lai Xin have been so successful in Gangcheng?"
He Lai stood up, raised his glass with both hands, and said, "Let me toast to Brother Le and Brother Hao first."
"Puniam, Aqiang, you don't know any rules. One cup is not enough! At least three cups, and they have to be toasted separately!"
Lao Hao said casually.
Lei Luo also smiled but said nothing.
"Yes, yes, it's me who doesn't understand the rules. I'll drink three cups as punishment and start over again."
He Lai said awkwardly.
This toasting culture still needs to be learned.
Fortunately, Lei Luo and Bo Hao were not the kind of people who cared about trivial matters, so they didn't take it seriously and soon finished He Lai's nine cups of wine.
"Brother Le, what's wrong? Why are you talking so little today?" He Lai asked.
"A Qiang, I heard that you acquired Hang Seng Bank?" Lei Luo asked.
"Well, the deal was settled in the afternoon." He Lai nodded.
"Alas, you shouldn't do this. I heard that some people above are already dissatisfied with you."
Lei Luo said frankly.
"Puniam, whoever is dissatisfied, let him stand out and I will chop him down!"
"Lie Hao said angrily.
"Ah Hao, you don't understand. This Hang Seng Bank was originally a scheme set up by HSBC and the Hong Kong City Government. They wanted to use this incident to bring down Hang Seng Bank and then acquire it. But Ah Qiang got involved and things became difficult."
Lei Luo explained.
"Brother Le, it's actually not a big deal. I've also learned that in the past six months, many Chinese banks, big and small, have gone bankrupt, many have been acquired, and many are still struggling. It's really ugly.
If I don’t stand up, it won’t be long before there are no Chinese banks left in Hong Kong.”
He Lai said.
"That's right, those sons of bitches are always like this. When they see money to be made, they all jump on it to grab a piece of meat. When there is no money to be made, they look for trouble everywhere, Punyamu!"
Crippled Ho once again supports He Lai.
"Forget it, forget it. I'm too lazy to ask. But don't worry, it's just a bank. I don't think they dare to do anything rash. With me backing you up, they will more or less give me some face.
But I still want to warn you that this port city is the world of the Eagle people and is managed by them."
Lei Luo said. After all, Hong Kong City doesn't have much else but a lot of banks, all kinds of banks, all kinds of banks.
"I understand. Thank you, Brother Le."
"Why are you saying this? I also have a share in your company. I get a lot of dividends every year! There's no reason for me not to contribute."
As soon as Lei Luo mentioned dividends, his face was filled with smiles. After all, that was a considerable fortune. Add to that the money he earned from selling newspapers and running factories in his newspaper company, and of course the fees from the underworld, Lei Luo's net worth was much higher than in his previous life.
"Haha, I have too! Alas, it's easy for smart people to make money. Damn it, unlike me, who only makes a little bit of money by collecting protection money, buying some flour, and killing some brothers from time to time!"
"Lie Hao said.
"Come on, Brother Hao, stop crying poor. I have financial statements. The bar in Kowloon has a lot of profit!"
He Lai directly exposed the truth. He Lai and Bo Hao were separate in the bar business. Bo Hao and his men were responsible for public security, and the profits were split 50-50.
"Haha... that's just a small amount of money, not worth mentioning. Drink, drink."
When Bo Hao heard He Lai trying to expose his secrets, he immediately covered it up.