Rebirth of the Strongest Tycoon

Chapter 729 Standard Chartered Bank Acquisition Plan Change

"Wing Lung Bank is going to be listed?"

Xia Yu raised his brows, muttered in his mouth, and thought about it in his mind.

He remembered that Wing Lung Bank was a medium-sized bank in Hong Kong, and it was not too high among medium-sized banks. The bank was controlled by the Wu Yisun family.

However, Wing Lung Bank has a relatively solid foundation. It has been established for more than 40 years. There is a 25-storey building with an area of ​​more than 145,000 square feet in the middle of Des Voeux Road and Connaught Road in the Central and Western District of Hong Kong Island.

And in 1975, a bank center was built on Nidun Road, Mongkok. The building is 300 feet high, has 25 floors, and has a total area of ​​more than 245,000 square feet.

It can be said that the current building is better than that of Jiuding Bank.

It seems that the former Wing Lung Bank was later wholly acquired by China Merchants Bank at a cost of more than 30 billion Hong Kong dollars, and the total assets of the bank reached more than 20 billion US dollars.

In general, although Wing Lung Bank is only a medium-sized bank, it is a high-quality bank with very stable development.

With the excellent conditions for listing, it is no wonder that Standard Chartered Bank wants to push its listing.

It's just that although he knew it before, Xia Yu's memory was a little fuzzy, and he asked Wang Qi.

"In what year did Standard Chartered Bank become a shareholder of Wing Lung Bank? What percentage of shares did it hold?"

Wang Qi obviously had done related work before, and immediately replied: "Standard Chartered Bank invested in Wing Lung Bank in 1973, and now holds 20% of the shares."

After finishing speaking, Wang Qi added: "Originally, when Jiuding Bank did not rise, Xiangjiang was the struggle between HSBC and Standard Chartered Bank, but after the rise of Jiuding Bank, it had a certain impact on Standard Chartered Bank. The influence is somewhat weakened, so Standard Chartered Bank intends to list Wing Lung Bank to enhance the influence of the Standard Chartered Bank family."

"The customer base of Standard Chartered Bank overlaps with HSBC, and the overlap with Jiuding Bank is smaller, so it mainly competes with HSBC. Regarding the listing of Wing Lung Bank, Standard Chartered Bank did not agree to let HSBC as the underwriter, so the Wu family tried to push the price as high as possible. The stock price found us.”

"Although Standard Chartered Bank has some opinions, the Wu family is already dissatisfied with Standard Chartered Bank for preventing them from looking for HSBC as an underwriter, so out of love, they did not stop it."

Xia Yu nodded slightly, understanding what the Wu Yisun family did.

For any company to go public, it must find a strong securities company or financial company as the stock underwriter, so that the stock price can be raised as high as possible, and the confidence of shareholders can be strengthened, so that the company can maintain a high stock price after listing.

At this time, Jiuding Securities Co., Ltd. is the most powerful and influential securities company in Heungkong. It has underwritten many companies to go public, and they have achieved good results. The reputation is quite good, and it is not surprising that Wing Lung Bank came to the door.

It is a good thing for Wing Lung Bank to come to the door, which proves that Jiuding Securities Company has a good reputation. Xia Yu could not turn away when they came to send money.

It's just that Wing Lung Bank achieved a high share price after its listing. Standard Chartered Bank, one of the major shareholders, will definitely benefit from it, which will also drive the share price of Standard Chartered Bank to rise.

This made Xia Yu frown.

Because when he was in London in May, he had already made a two-year plan to buy Standard Chartered Bank and Royal Bank of Scotland.

At this time, Bright Fund has already started. If the share price of Standard Chartered Bank rises, it will inevitably increase the cost of acquisition. The profit from underwriting the listing of Wing Lung Bank will definitely not be comparable to the increased cost of acquisition. Generally speaking, it will be a loss.

Moreover, the stock price of Standard Chartered Bank is listed, and its influence expands, which will have a certain impact on his acquisition plan.

It's just that since Wing Lung Bank has already started the listing process, he can't stop it at all. Even if he does not let Jiuding Securities Company underwrite, Wing Lung Bank can find other securities companies.

Some headaches.

Xia Yu took a sip of tea and closed his eyes in thought.

Seeing the strangeness of the chairman, Wang Qi noticed something was wrong and quietly thought about what went wrong.

"It seems that the plan has changed slightly, and both sides have to start!"

a long time,

Xia Yu's brows were relieved, and a thought flashed through his mind.

Bright Fund is far away in London, starting from the secondary market, because Standard Chartered Bank was listed in London.

However, Standard Chartered Bank has been in Hong Kong for so long, and many of its shares have been dispersed into the hands of many British and Chinese comprador families in Hong Kong. It is unrealistic to expect them to list their shares on the exchange to sell.

Therefore, the best way is to deal privately, and unknowingly buy the shares of Standard Chartered Bank into their own name.

However, it is indeed inappropriate to let Jiuding Securities Company do it. The goal is too obvious and it is easy to cause trouble, which makes Standard Chartered Bank vigilant.

The best way is to ask others to come forward, and Jiuding Securities Company will sign an agreement with them privately, and let the other party acquire the descendants on their behalf.

It's just that a strict plan needs to be formulated, and it is necessary to communicate with the Bright Fund, so as not to cause problems internally.

Thinking of this, Xia Yu decided to tell Wang Qi the plan of the Bright Fund.

"Wang Qi, I let the Bright Fund in London..."

"You go to communicate with George Berkeley, and you will make a strict plan on your side to coordinate the acquisition of Standard Chartered Bank in the safest way."

Wang Qi didn't know the chairman's idea that he was still playing Standard Chartered Bank, but when he heard about this task, he felt his heart surging.

Standard Chartered Bank, which holds the right to issue Hong Kong dollar notes, is an old giant bank in Hong Kong. If it can acquire it, the strength of Jiuding Financial Group will skyrocket, which will be of great benefit to Jiuding Securities Company.

And Jiuding Bank + Standard Chartered Bank can instantly surpass HSBC in Hong Kong and become the financial overlord in Hong Kong.

This important task was entrusted to him, and he felt a heavy sense of trust and responsibility.

He nodded heavily and said solemnly: "Chairman, I will do my best to complete this work."

"Well, this is the call of the general manager's office of the Bright Fund. If you can call George Berkeley directly, I will tell him that you can contact him when the time comes."

Saying that, Xia Yu took out a pen and paper and wrote a phone number on it.

Wang Qi accepted it solemnly and replied, "Okay."

Just then, there was a knock on the door: "Dudu!"

"General Manager, are you there?"

Xia Yu and Wang Qi in the room stopped talking, and looking at Wang Qi's questioning gaze, Xia Yu nodded slightly.

Wang Qi said in a deep voice, "Come in!"

As soon as the voice fell, the door opened, revealing a young man in his twenties.

The young man didn't expect Xia Yu to be there, so he immediately said hello: "Hello, chairman, hello general manager!"

Xia Yu nodded with a smile, the young man walked in confidently, presented the document in his hand to Wang Qi and said, "General manager, this is the action plan formulated by our group."

"Well, leave it here, I'll find you after I read it!"

Wang Qi said.

"OK!"

The young man replied softly, then smiled and nodded at Xia Yu, ready to leave the office.

Just as the young man was about to walk out of the office, Xia Yu, who felt more and more familiar, suddenly said, "Wait, what's your name?"

The young man was stunned for a moment, his heart was overjoyed, and he immediately answered loudly: "Back to the chairman, my name is Yuan Tianfan."

"Yuan Tianfan?"

Xia Yu's pupils shrank, looked him up and down, and the appearance of Yuan Tianfan in his previous life appeared in his mind. It was very similar. The only difference was that this Yuan Tianfan was very young and full of vigor.

PS: From the 28th, it seems to be a double monthly pass, and at the end of the month, ask for a ticket!

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