The Industrial Giant Reborn.

Chapter 455 The dying struggle of Niubijian
In Hong Kong, on the top floor of the Connaught Building, Newbikin, Pau Fullerton and other senior executives of Land and Land were sitting together to discuss something. Two beautiful secretaries were constantly changing the coffee.

Suddenly, the door was opened, and the person who walked in was East Gate Keswick, the largest shareholder of Jardine Group.

"Simon, this is a high-level meeting of the Land Group. What are you doing here?" Niubijian said coldly after seeing the person coming. The major shareholders belong to the major shareholders, but they must abide by the most basic rules. It is not a problem to attend the shareholders' meeting. , it’s okay to come to the board of directors, but shareholders are not allowed to attend high-level meetings of the company at will. Otherwise, how many major shareholders of many companies will cause trouble?At most, matters decided at high-level meetings are reported to the board of directors, and then the board of directors votes to decide.

"How long are you going to keep this secret from me?" Simon Keswick didn't care about the so-called rules. No matter what happened to the company, he was ready to do his best to get the company's management rights back first and then solve the company's problems.

Niubi was really too stubborn to bully others. When he heard Simon Keswick say that he could not compete with Chen Zhiwen's financial resources, he immediately told him nothing and kicked him out of the company's decision-making level. Although he is currently only the major shareholder, He has no actual position, but over the years, he has often been able to ask about the situation of Jardine and Land. Now that Land is at its most dangerous, he has been marginalized. How can he not be angry?

"What do you mean?" Newbijian asked.

"I asked someone to inquire in Thailand and found out that Hisense Bank had invested in Danong Bank two months ago. At that time, as the new major shareholder of the investor, they obtained the financial data of Danong Bank. , discovered the problem of our land." Simon Keswick said lightly: "In other words, before the loan was borrowed, Chen Zhiwen was already preparing to dig holes in our land. I also warned you at that time, but unfortunately, you didn't Listen, that’s what caused today’s consequences.”

"I asked you to inject capital at that time, but unfortunately, you didn't agree. I had no choice but to go to the bank to borrow money. However, the financial situation of Ke Real Estate should be improved. Who can lend you money if the finance department makes some improvements?" Newbijian said. .At this time, no matter what, he couldn't admit that it was his problem.

"I don't need you to explain to me. I hope you can explain it clearly to all shareholders at the next shareholders' meeting." Simon Keswick said coldly: "I have already used the rights of the major shareholder to convene a shareholders' meeting in 10 days. , discuss the removal of the current incompetent board of directors.”

"Simon Keswick? Do you think a shareholders' meeting can threaten me? Don't forget, Jardine Matheson and Land hold 35% of each other's shares, and I control these two companies. In other words, I own both companies. There are 35% of the voting rights," Newbijian said angrily.

Although he also knows that his management is too poor, which has caused Jardine Land to become what it is today, but no matter what, he will not give up this position. Yiland Mutual Control can not only prevent being acquired by a Chinese consortium headed by Chen Zhiwen and others, but also prevent another The purpose is to hold each other's shares and hold each other's voting rights. As long as you are still in this position, you can use the shares held by another company to protect yourself. In this way, other shareholders will be useless to him unless they all unite. Nothing can be done.

"Really? Your 35% can only be 35% after all, and this setting has long been considered illegal overseas. I am ready to ask the Hong Kong government to abolish the voting rights brought by this mutual agreement. , This is absolutely unfair to other shareholders." Simon Keswick said coldly: "The Supreme Court has agreed to my application. In view of the fact that Land has now transformed from the most profitable group in Hong Kong to the debt king today, The Hong Kong government has agreed and will seriously consider my suggestions."

When he came to Hong Kong, he was naturally prepared on how to break the situation with Yi Zhi Mutual Control. He had already communicated with the legal circles in Hong Kong a long time ago.

"You are crazy. Once this mutual control agreement is broken, Chen Zhiwen will immediately look for opportunities to acquire Land. By then, you will have nothing." Niubijian was shocked.

In fact, the setting of Yizhi Mutual Control has not been allowed in many overseas developed countries for a long time. This trick has been played by people a long time ago. Through this method, management or major shareholders can easily control two large companies. The company ignores the rights and interests of all other shareholders. The first person who thought of this trick was really powerful, but no matter how powerful it is, it still violates the rights and interests of other shareholders, because from a legal perspective, such mutual control essentially does not involve any equity. However, it achieved monopolistic control results and was naturally abolished by European and American courts.

In Hong Kong, many laws and regulations are later than those in Western Europe and the United States, and the government supports "free market" policies to a large extent. The banks did not pay attention to it at the beginning, and did not start to interfere until a huge problem was revealed later. .

The mutual control model naturally infringes on the rights and interests of other shareholders, but the Hong Kong government also hopes to protect British-owned enterprises to a certain extent. Jardine Matheson Land is a representative of British capital. If it is acquired by Chinese capital, this may be a bit disruptive to the UK. He was embarrassed, so he always turned a blind eye.

If Chen Zhiwen goes to the Hong Kong government or the Supreme Court, although the British in the Hong Kong government will not ignore it, they can keep delaying it, but Keswick cannot do that. He is also a big British capitalist and the largest shareholder of Jardine Matheson. Once the identity is gone, the Hong Kong government must seriously accept it.

But once the Hong Kong government breaks this mutual control, there will be no obstacles for Chen Zhiwen.

"You don't have to worry about it anymore. Once the Yi Zhi Mutual Control is broken, you can prepare to leave Hong Kong and return to the UK to retire." Simon Keswick said with hatred.How could he not hate that his family's large listed company was turned into this by this group of people?If killing wasn't illegal, he would have done it long ago.

"Okay, in that case, you are not the company's management now, please leave here?" Newbijian said. In the past, he gave the major shareholder some face, but now that the showdown has been made, there is no need.

As Tai Pan, who has controlled Jardine Matheson Land for nearly ten years, his control over Jardine Matheson is also unusual. Even if Simon Keswick removes him through the shareholders' meeting, it will not be so easy for him to leave with peace of mind.

"So, I think we should talk more, alone." Simon Keswick said with a smile. Just now in front of everyone, he released his trump card, just to shock this group of people and Newbijian, no As a last resort, he actually did not want to use Yihe Mutual Control to be lifted. This was the only way to stop Chen Zhiwen from forcibly acquiring Land. If it was really broken, the entire Yihe would be destroyed, and the Keswick family would inevitably suffer heavy losses. . "Okay, everyone, please go out first." Newbijian also calmed down, knowing that Simon Keswick was just trying to negotiate with him.

Naturally, no one dared to have any objections and all went out obediently.

"Hisense Bank applied for a third-party audit from the Hong Kong government. How do you plan to respond?" Simon Keswick suddenly changed the question.

"Just insist on admitting that it was a mistake, but Smith's report is the most troublesome. He has a lot of our internal financial data. He went directly to the Independent Commission Against Corruption to report and invited several media. Now the Hong Kong government wants to suppress the matter. I can't even suppress it." Seeing that Simon Keswick was not at war with him, Niubijian replied directly.

"In other words, this audit cannot be run away?" Simon Keswick said with a frown.

"Basically, this is the case. During this period, the media has started to hype up the matter of Carin again, claiming that our Land is the next Carin. The Hong Kong government dare not really let it go, otherwise the international public opinion may not be able to get through it." Niubijian sighed. He said that the Jiani incident is a shame to the Hong Kong government and the United Kingdom. It actually allowed a fraudulent company to grow to such a scale. This is also a very rare case in the history of human business. Hong Kong's legal system has also been questioned by many people. , although it is impossible for Land to be like this, the international media will not specifically introduce Land. If it really gets hyped, the Hong Kong government will not be able to handle it.

"Chen Zhiwen is really ruthless." Simon Keswick said: "You always think about Yizhi Mutual Control's strong mutual protection ability, but you didn't expect that Chen Zhiwen would push Landland to death, right? And he went out of his way to borrow more. I gave you 30 billion, bribed the company's top financial executives, got the evidence, and then killed you in one fell swoop."

"In this situation, it is meaningless to hold anyone accountable," Newbijian said.

"It doesn't make sense, so I don't want to go to the extreme. 100 million US dollars is the severance package I will give you. Leave Jardine with peace of mind. You can choose to go anywhere in the world. Whatever you did before, as long as Even if it doesn't violate serious criminal laws, I can avoid pursuing him." Simon Keswick glanced at Newbijian and said.

Although I hate it, now is really not the time to waste time fighting with him. If the two sides continue to fight like this, Real Estate will either go bankrupt or be acquired by Chen Zhiwen. Niubijian can afford it. He is just a worker, but their family cannot.

"I need to think about it." Niubijian did not refuse directly. Now, if the court agrees to Hisense Bank's audit of Land's finances, or the Hong Kong government sends people to audit, it will be easy to find out the problem and the company will be heavily in debt. Land, a lot of information is problematic.Originally, I wanted to wait until the real estate industry recovers. With more money in hand, no one will care about the previous violations, but now that the bank has caught them, it is completely different. If things go wrong, if Land Real Estate really goes bankrupt and cannot pay off its debts, , although he has the ability to escape legal responsibility, his life is over.

But now he can just leave and get a sum of money, which is indeed good. Although he has cheated Land, if he hadn't done this, he would have been driven away when Land's capital chain was broken at the end of last year.

"Okay, I hope you will think it over as soon as possible." Simon Keswick nodded and said. He needs to hand over the management of Jardine smoothly so that he can have the energy to deal with the eager Chen Zhiwen.

Hong Kong, Hutchison Building.

"Sheng Chen, the Supreme Court has accepted our application. I think it will soon agree to our financial audit of Real Estate." Zhou Jiayang and Huo Jianning reported after arriving at Chen Zhiwen's office.

"Okay, it seems that our efforts in the media have not been in vain." Chen Zhiwen said with a smile. Currently, the whole of Hong Kong is discussing the matter of fraudulent real estate loans. The stock price has plummeted, and the Hang Seng Index has been once again It has been lowered, breaking last year's lowest record. This is also a great pressure for the Hong Kong government.In addition, the requirements applied by Hisense Bank are legal and reasonable, and the evidence is conclusive, so the court has no choice but to refuse to accept it.

"According to the information Smith gave us, once audited, just focusing on large transactions and loans, we can quickly find a lot of problems. At that time, Hisense will have reason to directly request debt collection. If other banks follow suit, , Land acquisition will definitely lead to death." Huo Jianning said with a smile.

If you want to break the mutual control of Yizhi, you have to go to court to file a lawsuit, but there is no precedent in Hong Kong. This kind of thing can be delayed for several months or even longer. Therefore, people like them have never thought of opening a gap in the stock market. What they are doing now is to suppress Land Land to death and force Land Land into bankruptcy.Only in this way can we put ourselves to death and survive.

"Okay, then just follow the plan and force Real Estate into bankruptcy. Anyway, we are just asking for debts." Chen Zhiwen said calmly. His family wanted debts. He didn't believe that others would not follow up. Because if they don't follow up, Then Land Land will only pay back Hisense. How can other banks bear it? This was rarely seen before, because even if a big consortium really has a problem, the banking consortium usually has to find ways to remedy it.

"Dong dong dong" There was a knock on the door, and a general secretary from the headquarters office came in and said, "Sheng Chen, I just received a call. Niu Bijian from Jardine Matheson Group wants to see you."

(End of this chapter)