Rebirth of Hong Kong 1981

   Chapter 520 1.5 Billion Acquisition

   Yang Chen's idea, Shen Conge was not surprised. In this era, there is not much difference between investment banks and commercial banks, and the difference is only a matter of emphasis.

   Even in the 21st century, investment banking and commerce have always been mixed operations, and many large banks have developed in an all-round way.

   As for Yang Chen's wholeheartedly wanting to move the company into the private sector, Shen Cong can't say anything, everyone has their own way of doing things, outsiders can't control it, and they don't have the right to control it.

   The reason why many listed companies are listed is to make money for development, but Yang Chen is not short of money, not short of cash, so naturally he doesn't need to take his company to market to make money.

   However, it is not easy to delist Hang Seng Bank.

Shen Cong frowned and said, "Yang Sheng, I'm afraid this is a bit difficult. If it's Hang Seng shares in the market, it's relatively easy to acquire, but the founder shareholders of Hang Seng want to get shares from them, I'm afraid It won't be easy."

   "Especially that Chairman He, I wonder if you have taken a serious look at Yang Sheng?"

  The reason why HSBC did not intervene in Hang Seng’s affairs at the beginning was not only that Hang Seng’s development is inseparable from the Chinese management, but another big reason was because of Chairman He.

   One day when the other party is there, once HSBC forcibly intervenes, it will only make Hang Seng Bank unstable.

   On the other hand, Hang Seng serves the deposits of small and medium-sized enterprises and ordinary people at the bottom, while HSBC serves large groups, large companies and social elites.

  The two are not on the same level, and even if there is competition, it is not that fierce.

   Therefore, HSBC has always allowed Hang Seng Bank to develop on its own without too much intervention. Even in the later stage, in order to restrain Standard Chartered Bank, HSBC also specially supported Hang Seng to compete with it.

  The founders of most companies will not easily give up their company shares until the last minute.

Hang Seng Bank was founded in 1933. At the beginning, it was operated by five people: Lin Bingyan, He Shanheng, Liang Zhiwei, Sheng Chunlin and He Tian. Later, due to Lin Bingyan's early death, the chairman of Hang Seng Bank was held by the second person of Hang Seng Bank. He Shanheng is in charge.

   The chairman of Hang Seng Bank is not a simple person. If it were not for the sudden banking crisis in 1965, Hang Seng led by him would not necessarily lose to HSBC.

At the end of the 1960s, this old man also led the compilation of the "Hang Seng Index", yes, that's right, the Hang Seng Index. As a reference factor for the rise and fall of the Hong Kong stock market, the Hang Seng Index is known by the world for its scientific nature and authority. accepted, and it has been used for generations to come.

   As for which Chairman He of Hang Seng Bank, Yang Chen had already learned about it in detail when he was thinking of Hang Seng Bank, so when Shen Porridge deliberately mentioned it, he couldn't help frowning again.

   Since the establishment of Hang Seng Bank, I don’t know how many people have been helped by He Shanheng, who is a powerful, prestigious and respectable old man.

   It's definitely not good to be hard, even if you win, you will be criticized.

   is soft, is the other party willing to give up the shares in his hand? Are you willing to give up the position of chairman?

   He doesn't think that he has acquired 51% of Hang Seng's shares from HSBC, so everything is safe and he can easily take over Hang Seng Bank.

   Seeing Yang Chen frowning and looking like he had a headache, Shen Cong reminded him at the right time: "Yang Sheng, I got news that Chairman He has plans to retire.

   Yang Sheng, you might as well find a time to have a good chat with that Chairman He. I believe that even if it is for the good of Hang Seng, that Chairman He will not embarrass you too much. "

   Being reminded by Shen Porridge, Yang Sheng's eyes suddenly lit up.

'Yeah, why do you want to get into the bull's-eye? That Chairman He is already old, and it's time to retire. If you can have a good talk with the other party, you can rely on the percentage of the money that you have recovered from HSBC. Fifty-one shares, the other party might retire early and cede the chairmanship to himself.

As for the shares, if the other party is really unwilling to give it up, it is a big deal to dilute the other party's shares. In more than a month, his game machine will be listed, and then he will have a lot of money in his account. The last thing he needs is money. ’

   Moreover, Yang Chen has already made a plan. Next, he will work hard to study Warren Buffett, the stock god, to take profits and dividends, and continue to invest the earned money to expand his business.

   I believe that once he announces that Hang Seng Bank will no longer distribute dividends, those remaining shareholders and those holding Hang Seng shares will definitely sell their shares.

   No dividends, once this promise comes out, no matter how high the prestige of Chairman He is, it is not easy to continue to occupy the position under the buttocks.

  As the older generation of entrepreneurs, while making money, they will cherish the businesses they built with their own hands, just like their children.

  If Yang Chen can promise not to pay dividends and focus on developing Hang Seng, as long as the explanation is reasonable, I believe that the old man will be very willing to see him take over Hang Seng.

   Most of the shares of Hang Seng Bank are in the hands of HSBC, and the founders of Hang Seng Bank have no chance of passing on from father to son.

   These days, major shareholders have absolute ownership of any company.

  It’s okay to be soft, so let’s talk about it.

   If it really doesn't work, then you can only tear your skin to be hard.

   He spent more than one billion to acquire the shares of Hang Seng Bank. Naturally, it is impossible to let this money go to waste.

After Yang Chen thought about it, he immediately put the information in his hand together, and said, "Mr. Shen, according to the current market value of Hang Seng Bank, I am willing to spend 1.5 billion Hong Kong dollars to acquire 51% of the shares of Hang Seng Bank, what do you think? ?"

Seeing that Yang Chen is so straightforward, Shen Porridge is not petty, nodding and smiling: "Yang Sheng is refreshing, 1.5 billion Hong Kong dollars, 51% of the shares, this price is very fair to you and me, I agreed on behalf of HSBC Bank. ."

  The reason why Shen Porridge didn't care about that point is mainly because he knew that once Hang Seng broke away from HSBC, the market value would fall further.

   As for why?

   The reason is very simple. HSBC is the banknote issuing bank in Hong Kong. Hang Seng has HSBC as its backing. If there is a shortage of funds again that day, it will not be subject to excessive run and bankruptcy.

   Once there is no support from HSBC, the potential of Hang Seng will be greatly reduced, and the market value will naturally decline.

   Especially now that the Hang Seng Index has plummeted, no one can guarantee that unpredictable things will happen in the market.

   After all, a new round of banking crisis has emerged, and it will affect the whole body. Who knows if Hang Seng Bank will become the fuse.

  ——

   (end of this chapter)