Font
Large
Medium
Small
Night
Prev Index    Favorite Next

Chapter 65 Wing Lung Bank

CNOOC is going to use the signing ceremony to promote its listing in late September. Subscriptions from investment institutions can give confidence to small and medium-sized investment institutions. Therefore, CNOOC is a widely invited news media to this signing ceremony.

As one of the three major oil monopoly giants, CNOOC, which was the first to attack the overseas capital market and was hit by the other two oil companies but was hit by the blow, is now making a comeback, which is a big news in itself.

But at the signing ceremony, the most attractive media leaders were not senior executives such as CNOOC and Cheng Sishou, nor managers of Hong Kong's No. 1 family, but senior executives such as Huofeng Investment and Chen Shaofeng who spent a lot of money on their first appearance.

A private investment company that has never heard of before and has no relevant information can cost $500 million at one time. This mystery and boldness are the most attractive to those gossip viewers.

Because it is a private company and the concealment of relevant departments, the media still cannot obtain any information about Iwallow Huofeng Investment after trying every possible way. Therefore, all the news media all added the word "mysterious" to Iwallow Huofeng Investment when reporting.

Huofeng Investment is mysterious, but Chen Shaofeng and others who attended the signing ceremony were not mysterious. On that day, Chen Shaofeng signed as the general manager, and Zhao Qingmei and Zhou Zhenyu both attended as deputy general managers.

After Chen Shaofeng read the official speech written by his secretary, Chen Shaofeng and others had already been dug out by reporters with great powers. Fortunately, the signing ceremony was not to answer reporters' questions, so there was no need to face the reporter's questions. After the ceremony, Chen Shaofeng and others immediately left, and did not dare to give those reporters who were now dissatisfied with the matters of their ancestors who even asked for the eighteen generations of their ancestors.

After discussing with Cheng Sishou, he chatted with Wu Bin for a while, and Li Wen threw everything to Chen Shaofeng and the others and ran back to Meiyuan.

Li Wen did not attend the signing ceremony, and even the evening cocktail party was not present. Instead, he accompanied the newcomers to continue shopping and sightseeing, and at night he accompanied the adults to play mahjong for leisure.

On the second day of signing the contract, Li Wencai came to the company and was still in the conference room. Looking at Chen Shaofeng with a slightly depressed expression, Li Wen said: "Looking at your expression, you seem to be disappointed that you didn't have the chance to chat with the beauty at the cocktail party last night."

The general manager of a mysterious company with huge amounts of funds is quite attractive to beauties and is the best condition to chat with them.

He turned his head and looked at Zhao Qingmei, and then said with a smile: "Sister Mei, you should leave some space for Mr. Chen in the future. As a man, picking up girls at the right time is beneficial to your body and mind."

Zhao Qingmei glanced at Chen Shaofeng and said, "I'm too lazy to care about him."

Chen Shaofeng smiled bitterly and shook his head, handed Li Wen a document, and said, "Young Master Wen, don't make fun of me. I only now know that celebrities are really hard to do, and it doesn't feel good to be noticed everywhere... This is the information you want from Yonglong Bank."

A month is about to pass, and the Wu family has no expression. Chen Shaofeng and others already know that the conflict that day was not what Li Wen said, but was leaked from Manager Wang. There is only one place in Hong Kong, and this kind of thing can easily spread in the upper class.

The Wu family's cold treatment may be because of their love for the house and the Wu family. Perhaps Chen Shaofeng and others were also quite angry when they knew the situation. After learning about the situation, they strengthened the search for information about the Wu family and Yonglong Bank.

Li Wen took the document, put his expression away, and read it carefully.

Wing Lung Bank was founded in Hong Kong on February 25, 1933 by Wu Gaojian's father Wu Mingxun. After years of development, in 1980, the Wu family sold 25% of its shares to publicly sell them to the public and listed them on the Hong Kong Stock Exchange.

In 1982, Wing Lung Bank, together with the Hong Kong Branch of Bank of China (now Bank of China Hong Kong), Bank of East Asia and four other Chinese banks formed UnionPay Tongbao Co., Ltd. to provide automatic teller machine services to customers. Yintong is now the largest automatic counter service provider in Hong Kong and Macao.

In 1984, Wing Lung Bank opened its first overseas branch in Luozhou, USA, but due to Wu Gaojian's investment strategy being conservative, overseas branches were not supported to develop.

In 1986, Yonglong Insurance Co., Ltd., a wholly-owned subsidiary of Yonglong Bank, was authorized by the government to operate insurance business.

In 1994, a representative office was established in Guangzhou City, which was Yonglong’s first business base in China, and carried out credit card business in Guangzhou at 95.

In 1996, a service logistics center was established, and a number of business processes of each department and branch were concentrated in the center. At the same time, a Cayman Islands branch was added to provide offshore banking services to customers. Offshore banking services are exactly what Li Wen needs most at the moment.

At present, Wing Lung Bank and its subsidiaries are mainly engaged in deposit, futures and securities brokerage services, investment business, insurance business, insurance agency, trust, trust, trust custodial services and property management businesses.

The registered capital of Wing Lung Bank is HK$1,500,000,000. According to the consolidated financial statements audited by Wing Lung Bank, as of June 30, 2000, Wing Lung Bank's total capital was approximately HK$58 billion, total liabilities were approximately HK$49 billion, and net assets were approximately HK$9 billion.

He put down the information in his hand and gently rubbed his eyes and face. After a while, Li Wen said: "Tell me how to acquire Yonglong Bank at the minimum price." Until now, the Wu family has not even heard from him, let alone apologize. This indifferent attitude completely angered Li Wen, who has decided to acquire Yonglong Bank.

On the other hand, the business situation of Winglong Bank made Li Wen quite envious. If he could hold a bank with mature businesses like Winglong Bank in his hands, whether it was capital mobilization or the actions of shorting the Nasdaq again in September, it would be able to achieve the best concealment.

Zhou Zhenyu said: "According to the current share price of Wing Lung Bank, its market value is around HK$26 billion. The shares are divided into five parts on the surface. Wu Family is the largest shareholder, holding a total of 43.12%, 37% are circulating in the secondary market, Singapore Development Bank holds 10%, and another 9.44% are in the hands of entcompanylimited, and the remaining 0.44% are owned by Wing Lung Board. But in fact, entcompanylimited was established by relevant people from Wing Lung.

一, the Wu family holds more than 40% of the shares in entcompanylimited, and the other shareholders are closely related to the Wu family. entcompanylimited was established by the Wu family to prevent the loss of Yonglong's controlling stake. Therefore, the 9.44% entcompanylimited shares held by the entcompanylimited are completely controlled by the Wu family. In other words, if the Wu family is united, the shares held by the Wu family will already be absolutely controlled."

Li Wen knocked on the table and frowned: "So, we don't have a chance?"

Mark said: "We should still have a chance. The information we have received shows that senior management of Singapore Development Bank is very dissatisfied with the profitability of Wing Lung Bank in recent years and has made a noise to sell this 10% stake." Mark is now the company's intelligence manager.

"10% has no meaning at all." If it cannot exceed half, Dayuan Holdings cannot initiate mandatory acquisitions of outstanding shares in the secondary market and withdraw its listing status on the Hong Kong Stock Exchange. What Li Wen needs is a bank that owns all funds and can obey his own command at any time.

Chen Shaofeng smiled and said, "In fact, our chances are not small. The information we have collected shows that there is a disagreement within the Wu family. Yonglong Bank was established and developed by two brothers Mr. Wu Mingxun and Mr. Wu Mingfang. Since Mr. Wu Mingfang's death, the two companies have had deep conflicts over the issue of control, because Mr. Wu Mingfang's branch owns more shares than Mr. Wu Mingxun's branch, but the position of chairman was occupied by Mr. Wu Gaojian, and Mr. Wu Gaowu has always been dissatisfied."

After drinking water and moistening his throat, Chen Shaofeng continued: "In the early 1990s, Mr. Wu Gaowu tried to seize power and wanted to snatch the position of chairman from Mr. Wu Gaojian. He did not expect that the coup did not succeed. Instead, he even lost the position of vice chairman. In recent years, when he realized that the third generation was not capable enough, Mr. Wu Gaojian wanted to invite Mr. Wu Gaowu to re-enter the board of directors, but was rejected by Mr. Wu Gaowu. It is said that in the past two or three years, as Mr. Wu Mingxun's physical condition has become worse and worse, the two families have become more and more influential."

Zhao Qingmei said: "It is said that as early as 1997, Wu Gaowu made a noise and wanted to sell their shares to cash out, but he did not expect that he encountered a financial crisis. In addition, Mr. Wu Mingxun kept suppressing him, and it ended up leaving it alone."

As everyone slowly told Li Wen about the recently collected information about the Wu family and Yonglong Bank, Li Wen asked some questions in detail.

After pondering for a while, Li Wen divided the work and said, "If this is the case, then we will take three-pronged approach. Mr. Chen, you arrange for people to contact the senior management of Singapore Development Bank to find out what conditions they need to transfer these 10% shares; Mark, you send someone to contact Wu Gaowu and others to test their attitude; Zhou Zhenyu... almost forgot that you are doing Nikkei 225 now and can't take time... This way, you find a relationship account and entrust them to help us secretly absorb the outstanding shares in the secondary market of Yonglong Bank. By the way, except for the 10% in the hands of Singapore Development Bank, nothing else can have any contact with Huofeng Investment, and everything must come secretly."

(It's too late again, sorry! I'd better ask you to give me some recommendation votes, haha... new ones, please bookmark it! Thank you!)
Chapter completed!
Prev Index    Favorite Next