Chapter 78 Competition
The information needed by Li Qing. Cheng Sishou sent someone to deliver it on No. 10. The information was quite detailed, and even the relationship between local officials was cleared one by one.
After studying for a few days, Li Qing and his wife checked the relevant information and made a detailed inspection plan. They left Hong Kong on the 16th and started their one-month inspection. In addition to two bodyguards who had just come from the Black Demon Security Consulting Company, there was also a middle-aged man sent by Cheng Sishou.
In order to take care of Xiao Shu and the others, Liang Sufen, who was worried, invited Lin Huishan to come before leaving Hong Kong.
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At the press conference, Wu Gaowu admitted to selling the 28% equity they had. He also said that in order not to have a negative impact on Yonglong and avoid excessive fluctuations in Yonglong's share price caused by equity transfer, which harms the interests of small shareholders, he hopes to complete the transaction as soon as possible, but also said that he only accepts cash transactions.
After experiencing the Asian financial crisis, Hong Kong's financial market position has been severely impacted, especially the banking industry. The growth rate in the past two years is far less than that of the mainland. After Hong Kong's return, it has become increasingly close to the mainland, and several large banks have gradually shifted their focus to the Pearl River Delta region.
However, Wu Gaojian, who has mastered Yonglong Bank, still adhered to his conservative style. On the one hand, he missed Yonglong's development. On the other hand, the disagreement of management has made Yonglong's growth rate almost the worst in the industry.
However, Yonglong's mature business has still attracted the coveting of many forces. However, over the years, the Wu family has insisted on firmly controlling Yonglong Bank in the form of family holdings, and the coveting forces can only focus on it.
Now it is rare that Wu Gaowu has officially expressed his intention to sell the shares they have in hand to discount, and several major forces of concern immediately started negotiations with Wu Gaowu as soon as possible.
Chen Shaofeng went to Singapore on the 13th to conduct secret consultations with senior executives of Singapore Development Bank on 10% of Yonglong shares. After a few days, he has reached a preliminary intention with him and is waiting for the result of the Wu family.
The job of acquiring Wu Gaowu's shares was secretly supported by Zhao Qingmei and Mark. Li Wen, who was unwilling to go to Huofeng Investment's office too much, and was worried that a few children would stay at home, so he put all the discussions on the matter in Meiyuan.
Following Zhao Qingmei and the others, Wang Bingkun, the manager of the small investment company that was acquired. Wang Bingkun is a middle-aged man in his forties. His skin is darker, his slightly fat cheeks are always filled with smiles, but his eyes are very vivid. It makes people not tell that he is engaged in rigorous work such as investment, but like store managers in big shopping malls.
The acquisition plan requires Wang Bingkun to deal with it. On the other hand, Li Wen has read Wang Bingkun’s report card in recent years. From the report card, it can be seen that he is a person with a unique vision and good at arbitrage business. Half of the profits of this investment company are from his hands. Li Wen also intends to attract such talents.
Another reason is that Wang Bingkun is Wang Chao's cousin. Due to this relationship and his ability, Li Wen also recruited him under his command.
Although Zhao Qingmei had made psychological preparations for Wang Bingkun in advance, when he saw Li Wen, he was still surprised by the boss's youth.
After everyone introduced and greeted him for a while, Li Wen asked Mark: "I heard that ANZ Bank has already quoted Mr. Wu Gaowu a price of HK$7.2 billion?"
"ANZ Bank sent someone to his door this morning and offered a price of HK$7.2 billion." Mark nodded, and Li Wen pulled out a large amount of funds to expand his intelligence team, and his intelligence capabilities were greatly enhanced.
Zhao Qingmei said: "In fact, Wing Lung Bank is not outstanding in the Hong Kong banking industry and its business capabilities are not very strong. Among local banks, it ranks eighth. The quotation of HK$7.2 billion is almost based on its recent market value, which is already relatively high. As the first quotation, HK$7.2 billion is definitely not their bottom line. They quoted such a high price as soon as they came, which may be to scare away those banks with insufficient strength."
"ANZ Bank is ranked third in Australia and has always wanted to move upward. In recent years, with the support of the Australian government, it has taken advantage of the gap in the Asian financial crisis. It has been siege in Southeast Asian countries in the past two or three years. I heard that it has recently targeted the Indian market, but the Indian government has strict restrictions on foreign banks and has been doing nothing. Now the agreement for China to join the WTO has been agreed. By the end of 2006, mainland banks will be fully opened to foreign capital. The Wu family is willing to sell Yonglong shares, which undoubtedly gives them an opportunity to further expand the mainland market." Due to Zhao Qingmei's advance explanation, Wang Bingkun knew his uses and put some effort into it before coming over, hoping to give the new boss a good impression.
Zhao Qingmei said: "The first move was 7.2 billion, plus 5% floating. It seems that ANZB's budget will not be less than HK$7.6 billion."
"What about the reaction of Standard Chartered Group and Mr. Qiu?" Li Wen unconsciously respected this legendary Chinese businessman.
"The representative sent by Mr. Qiu Deba arrived in Hong Kong yesterday afternoon and held a meeting with Standard Chartered's senior management overnight. The result of the meeting was unaware of. However, judging from the face of the representative after the meeting, it seemed that they had reached an agreement in private..." Mark was speaking, his cell phone rang, picked it up and took a look, apologized to everyone, and then went to the side to answer the phone.
Everyone knew it was the call of his intelligence officer, so they instinctively raised their ears, with a slightly anticipated expression.
After a while, Mark came back and said: "Wing Lung Bank applied for a suspension of trading for two hours. Falwyn, a subsidiary of Qiu Deba, a subsidiary of Luk Fuqi and his son (Hong Kong), reported a high price of HK$7.5 billion to Wu Gaowu, and proposed a proposal to fully acquire the issued shares of Wing Lung Bank at this price."
Li Wen was stunned. Unexpectedly, Qiu Deba would quote such a high price. Although his bid was still lower than their private quotation, compared with the current prospects of the banking industry and the value of Wing Lung Bank, the quotation of ANZ Bank is already higher than that of the industry, not to mention the quotation of this Nanyang rich man, OnePlus is HK$300 million.
The Asian financial crisis has just passed, and it has been difficult for the global economy to emerge from the shadow of the crisis with the help of Internet technology. However, the plunge in the Nasdaq sector in March and April has dragged down the recovery of the global economy to a certain extent. Especially recently, stock markets such as Japan and South Korea have successively fallen into bear markets.
In the Asian financial crisis, the real estate and financial industry were hit the most. Hong Kong has received support from the mainland and was not as seriously injured as other Southeast Asian countries. However, it was considered to be seriously injured. This year, the banking sector has recovered a lot by relying on the concept of network technology, but the market still lacks confidence in financial banks.
Due to Wu Gaojian's conservative policy, Winglong Bank's business targets are mostly small and medium-sized enterprises with strong business targets. Therefore, compared with other banks, Winglong Bank's stock price is slightly higher. However, if it is only for commercial considerations, excessively high prices will seriously drag down the acquisition party's operations, and it may be under pressure from debt operations for a long time.
After thinking about it, Li Wen sighed and said, "A full acquisition at this price? Mr. Qiu's ambition is really great!"
"One Plus is 300 million. Is the Hong Kong dollar worthless now? Young Master Wen, the first confrontation is so tragic. What about the follow-up? It seems that our budget will be raised." Zhao Qingmei was also stunned, and suddenly felt worried and had a heavy expression.
Li Wen moved his slightly stiff neck for a moment and frowned and said, "Let's wait and see first. Since Mr. Mark has sent someone to quote Mr. Wu Gaowu in private, we will not make the offer public. Look at the reaction of ANZ Bank, we are not in a hurry, but our offer is indeed going to be raised."
Since Wu Gaowu proposed to accept only cash transactions, negotiations were simplified.
Wu Gaowu saw clearly that the Wu family's children had no successor. Instead of sticking to the industry and being ruined by them to the point of being ruined, it would be better to take advantage of the situation and establish another fund with cash and entrust the fund to manage these funds. After stretching his feet, he can still ensure that his unworthy descendants have no worries about food and clothing for the rest of their lives. If there are outstanding abilities among their descendants in the future, perhaps with the help of these funds, they can make a comeback and revive the Wu family again.
Stimulated by ANZ and Chiu Deba's quotes, Wing Lung Bank's stock trading was very hot, with its stock price rising 5.3% from the previous trading day, which further drove the overall rise of the Hong Kong stock market and banking sector on the same day.
The stock price at the close of the day was actually higher than the quote given by Qiu Deba. Since Qiu Deba also proposed a comprehensive acquisition proposal, the market is full of expectations for how the next battle situation will develop, and all hope that the richest man in Nanyang can increase his investment again.
Perhaps the offer from ANZ Bank and Qiu Deba really scared other peeping forces, or perhaps these forces are lurking like Li Wen, waiting for ANZ Bank and Qiu Deba to decide the outcome.
The senior executives of Standard Chartered, who had been ready to move, seemed to have reached a secret discussion with Qiu Deba. On the same day, Standard Chartered Group did not make any offer.
The financial commentary on the night made comments and speculations on the quotations of the two companies. Analysts at Goldman Sachs (Asia) even wrote an article saying that Falwyn's bid had overflowed the value of Wing Lung Bank.
On July 18, ANZB raised a high price of HK$7.8 billion and said that this was the final bid. If other buyers bid higher, ANZB will give up this transaction and seek new partners.
But Qiu Deba was not intimidated by ANZ Bank. That afternoon, Falwyn, a subsidiary of Qiu Deba, once again raised a quotation of HK$7.9 billion.
Subsequently, ANZ announced its withdrawal from the bidding. When everyone thought that the bid of Falwyn, a subsidiary of Qiu Deba, was the best bid, a small investment company called Tiandizheng offered a high price of HK$8 billion, and the market was infuriated.
(Sorry! It's a little late, my roommate's father came over and chatted and had dinner with me. The subscription volume is so small...why? Please recommend monthly tickets...)(!)
Chapter completed!