Chapter 359: The Beginning of Earth-shattering Changes!
Entering September, Yin Jun actually cares about another thing in addition to "Kirin Weekly". Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
This incident changed the trajectory of a medium-sized real estate company, and also changed the trajectory of a middle-aged man with glasses.
It has made the real estate company the world's largest real estate conglomerate, and it has also made this middle-aged man with glasses the richest man in Asia for more than a decade.
This is the famous Cheung Kong Industrial's annexation of Hutchison Whampoa.
It is also the largest "snake swallowing elephant" incident in the history of Xiangjiang business.
At the beginning of March this year, when Hutchison Whampoa's chairman and chief executive officer, Willy, was interviewed by a British newspaper, he made a lot of nonsense, saying that he was a genius in management, and that Hutchison Whampoa could go from dying to his current status by himself, and no one could change him.
To be honest, Willy is indeed a genius in business.
The Australian-born Scotsman of Scots origin worked as a logger in his early years, left Australia at the age of 19 to work in Malaysia, and after all the way up, he came to Xiangjiang in 64 years and became the general manager of Shaba Automobile Company, and three years later developed the crisis Shaba Company into a huge conglomerate with seven companies.
Three years later, he took over the bankrupt Xinchang Company, which was on the verge of bankruptcy, and in two years turned it into a profit, thus being known as the "company doctor".
But this was only the beginning of his storied career, and in 1975, when the majestic Hutchison & Co. fell from the top to the bottom, countless shareholders implored the majority shareholder, HSBC, to end the century-old business and distribute the remaining assets to shareholders.
However, Shen Bi, the then general manager and vice chairman of HSBC, did not agree to do so, and he felt that Hutchison could still be saved, so he invited Wei Li, who is also a Scottish fellow, to serve as the vice chairman and chief executive officer of Hutchison & Co.
And promised Wei Li that after he brought Hutchison to return to profitability, he could enjoy a net profit dividend of 2.5%.
In the past four years or so, Wei Li has carried out a series of company reforms, sold a series of unprofitable businesses, streamlined all unnecessary personnel and administrative expenses, and just one year later, that is, in 1976, Hutchison & Co. achieved a major breakthrough of 107 million profits, and Wei Li also naturally obtained a huge bonus of 2.6 million in this year, becoming a famous super part-time job manager in Xiangjiang that year.
In the following time, Wei Li began his own rapid transformation more radically.
He bought the shares of Watsons and Whampoa Dockyard, turned them into his own subsidiaries, and then at the end of '77, the board of directors approved the merger, and the name of the company was changed directly from Hutchison & Co. to Hutchison Whampoa, and on January 3, 1978, Hutchison Whampoa officially replaced the listed company of Hutchison & Co., which is the listed company Hutchison Whampoa that we see today.
As of March this year, Hutchison Whampoa's assets are conservatively estimated to be 6 billion Hong Kong dollars, which is more than 100 times higher than four years ago!
This kind of feat, it is really true that few people can catch up, so Wei Li also began to flutter and said the above proud words.
It didn't matter if he said that, but it annoyed a person.
Shen Bi.
In '75, Shen Bi was the general manager and vice chairman of HSBC, and in '77, he was promoted to chairman of HSBC, and since then he has become the No. 1 senior in Hong Kong.
Let's put it this way, what is the status of the Federal Reserve in the United States, and what is the status of HSBC in Hong Kong, or even stronger.
From this, it can be seen how powerful Shen Bi is.
When Wei Li said this, he completely attributed the credit of Hutchison Whampoa to him alone, and Shen Bi immediately became angry, Nima, I didn't promote you to this position, you are a hairy? I am the first in terms of credit, is it good? The leader who knows people and makes good use of it is the first credit!
Scots are inherently stingy, and Shen Bi is no exception, so he wrote it down in a small notebook.
Next, Wei Li really felt that he had worked hard and was full of control over Hutchison Whampoa, so he began to install his cronies on a large scale, becoming more and more arbitrary, and made his own decisions without seeking approval from HSBC, the largest shareholder, for many things.
Not counting once, two or three times is nothing, so seven or eight times in a row, and finally Shen Bi broke out.
I'm grass, Lao Tzu won't give you a little power, you still don't know who said this Hutchison Whampoa?
Originally, MacLehose had been discussing with Shen Bi for the past two years, isn't it a little inappropriate for you, a super bank that controls the fate of the Xiangjiang Company, to have so many assets outside the financial industry? Or reduce some non-core business assets, so that the British side can explain more, and your reputation in Xiangjiang will be better?
Originally, Shen Bi didn't want to do this, my HSBC has money, can there be so many subsidiaries, can you manage it?
But now that Wei Li has died like this, Shen Bi began to ponder, and it just so happened that Lao Tzu took out Hutchison Whampoa to give favors to the British and the Xiangjiang government, and we didn't talk about it at all.
Of course, it is impossible to sell Hutchison Whampoa in such a hurry.
Who can take over Hutchison Whampoa well and continue to develop and grow it, so that he will not be ridiculed as a "loser" by Wei Li in the future, this is an absolute question to consider.
The other, who after taking control of Hutchison Whampoa, can still respect himself and fully support his work, this is also something to consider.
Bao Yugang was originally the best choice.
But firstly, Bao Yugang has already set his sights on Wharf, and it is really inappropriate to give him Hutchison Whampoa of a similar scale; secondly, Bao Yugang is a friend of the former chairman and has a good relationship with himself, but he has always been separated from such a relationship, and he is not his own cronies, and with Bao Yugang's status, it is impossible to listen to his own dispatch.
After looking for it, Shen Bi chose Li Chaoren, chairman of Changjiang Industrial Group, who has always been close to him.
Li Chaoren has always wanted to make friends with Shen Bi for the past seven or eight years, but Shen Bi looked down on him at first, but it was only after Li Chaoren made a big move and smashed the subway properties in Central and Admiralty that Shen Bi felt that this person was very courageous and capable of doing business, not that kind of mediocre talent.
Next, Shen Bi tentatively handed over the rebuilding work of the Huarenxing Building to Li Chaoren, and as a result, Li Superman used the fastest speed and the best quality to get it done, and Shen Bi felt that Li Superman's mobility was still very good.
The third test was that when Bao Yugang bought Wharf shares last year, Shen Bi asked Li Chaoren to give Bao Yugang the stocks in his hand, and Li Chaoren gave them without saying a word, which also made Shen Bi feel that he was very obedient.
On the other hand, Li Chaoren is in the real estate business, who in Xiangjiang can do real estate without the support of the bank? What bank dares not to listen to HSBC?
So even if Hutchison Whampoa is given to Li Chaoren in the future, Li Chaoren becomes unruly, and Shen Bi still has a way to kill the traitor.
Bao Yugang is different, he is not only a director of HSBC, he is the only Chinese director, and he has a very good relationship with the Bank of Japan, many of his funds are in the Bank of Japan, and he does not rely on HSBC much, Shen Bi cannot control Bao Yugang at all - besides, Bao Yugang is still a knight named by the Queen of England, and his status is higher than that of him Shen Bi, how can he control it?
Another reason is that Li Chaoren has a very good relationship with Huajing in the past two years, and last year he went to Huajing to meet with the biggest bigwig, and it is said that they had a very happy conversation, and Li Chaoren also has active cooperation with Derun Group, the first Chinese-funded company, which proves that Li Chaoren has good contacts in the mainland.
has a better relationship with Li Chaoren, if Huaguo really takes back Xiangjiang, having such a relationship will help the stable development of HSBC in Xiangjiang in the future, and it will also be conducive to his Shen Bi's control.
Therefore, after so many comprehensive conditions, Shen Bi called Li Chaoren and asked him if he wanted Hutchison Whampoa.
It is conceivable that such a large piece of super cake fell on his head, how ecstatic Li Chaoren was, of course he firmly answered what he wanted.
Then the two began to discuss how to sell Hutchison Whampoa to Cheung Kong Industrial.
Of course, Yin Jun knew how they discussed and acted.
To be honest, after twenty years, no, even ten years later, they will be attacked madly, and the direct business will be canceled, but in this era of 1979, Shen Bi and Li Chaoren are successful!
In addition to the special environment and HSBC's identity, there are also some changes in the external situation, as well as the element of luck in it.
For example, global financial reforms, such as "banks should not hold too many assets other than their main business", are a huge loophole and an important prerequisite for many people to eat a lot of money in this revolution.
Yin Jun didn't dare to affect the direction of this incident.
Even the last time Li Chaoren vaguely asked Yin Jun's opinion, Yin Jun only answered him very conservatively, and he fully supported him.
But other than that, Yin Jun didn't make any moves.
If you want to add to some of your own snake paintings, so that Cheung Kong Industrial Group does not have a snake swallowing elephant to eat Hutchison Whampoa, then Yin Jun is not only a sinner of Li Chaoren, but also a sinner of his own!
He wants to rely on the soaring stock price of Changjiang Industrial to make money and become his own cultural and entertainment empire!
If there is no Hutchison Whampoa, it will be very difficult for Li Superman to become a real Superman again!
Fortunately, until September 25, the overall business environment in Xiangjiang was relatively light.
However, on the afternoon of Tuesday, September 25, Shen Bi first convened a meeting of the board of directors of HSBC to discuss whether it was possible to transfer the shares of Hutchison Whampoa to Li Chaoren, and with Shen Bi's full promotion and luck, the result was successfully approved.
Why do you say luck?
Because Shen Bi deliberately chose this afternoon as the day when the two senior executives of Swire Group and Jardine Matheson Group could not attend the board meeting, the directors of HSBC, these two hard-line British-funded institutions, would definitely not be willing to give Hutchison Whampoa to a Chinese so easily.
On the afternoon of this day, after Li Chaoren and Shen Bi signed the transfer agreement, they finally happily held a press conference, announcing that after negotiations with HSBC, the largest shareholder of Hutchison Whampoa, Cheung Kong Asset Group will acquire 90 million shares of Hutchison Whampoa in the hands of HSBC at a price of 7.1 yuan per share, accounting for a total of 22.4% of this part of the shares, which will make Cheung Kong Asset Group the largest single shareholder of Hutchison Whampoa!
In fact, it has become the largest shareholder of Hutchison Whampoa and its ruler!
As soon as the news came out, it instantly shocked the entire Xiangjiang!!