I Want To Be a Rich Man on Hong Kong Island

  Chapter 554 [Hutchison Taipan! 】

  In mid-March, Hutchison Holdings held a general meeting of shareholders.

  Looking at hundreds of shareholders, large and small, Wu Guangyao was a little curious about how HSBC should challenge Qi Dezun!

  Qidezun is on the surface at this moment with high spirits, and there is no panic and loss at all;

  On behalf of the board of directors, Qi Dezun gave a passionate speech first;

  As soon as the topic changed, Qi Dezun said: "After discussion by the board of directors, we hope that all shareholders will issue a rights issue of HKD 175 million to relieve the temporary difficulties!"

As soon as Qi Dezun's words fell, more than one hundred shareholders had a lot of discussions, and they were even slightly excited.

  HSBC is not a director of Hutchison Bank, but it can represent a group of shareholders;

Therefore, Shen Bi stood up and retorted: "We don’t agree! Don’t give Hutchison 175 million Hong Kong dollars. Even if it’s 10 million Hong Kong dollars, we will not agree! The problem with Hutchison is not the issue of funding, but the whole There is a problem with the group company policy."

  Chi De Zun's face flushed immediately. For Chi De Zun, he was most proud of bringing Hutchison to this point;

  Whoever wants to veto everything that Hutchison has done before is more sad than letting oneself step down!

  Shen Bi did not put forward the words that asked Qi Dezun to step down;

   After vetoing the rights issue to shareholders, he stopped talking and sat down.

  Seeing Shen Bi sitting down, Qi Dezun breathed a sigh of relief;

  Since Shen Bi and Wu Guangyao will not rip their skins with them, then as a Hutchison class, I’m not worried for the time being!

However, Qi Dezun's heart has not let go. A shareholder and Hutchison creditor stood up and said, "Given the current situation of Hutchison, we, as a creditor of Hutchison, are worried that Hutchison will not be able to repay the debt. So. , We, the bondholders, discussed unanimously beforehand, and prepared to pass legal channels to request Hutchison Foreign Bank to be liquidated!"

  The creditor’s words are no less than thunder on the ground!

  Qidezun has not yet reacted, and many people stand up to agree;

  Everyone said strongly that Hutchison Holdings would either pay back the money immediately or accept liquidation.

  Wu Guangyao is also a little surprised, Shen Bi is ruthless with this trick!

  If these creditors did not have Shen Bi’s tricks, I am afraid they would never fight together with the Second Foreign Company on Hong Kong Island!

  Qi De Zun finally reacted and said loudly: "You said that it would be liquidated. Hutchison Holdings just encountered a little trouble, and your debt is not due. Why should we accept it!"

  This group of people would never go head-to-head with Qi Dezun, but today it seems that they have eaten a bear heart and leopard courage.

  Suddenly, the whole meeting room is noisy!

  At this time, Shen Bi stood up and said: "Everyone listen to me!"

Suddenly there was a lot of silence, and Shen Bi went on to say: "Mr. Qi Dezun, I have an opinion, please listen to it first! Hutchison has a problem now, and you as a major shareholder lose the most; so why not let it go and try another person. Try? I suggest that Mr. Wu Guangyao, the director, invest 160 million Hong Kong dollars and add 50 million shares of Hutchison International."

  As soon as Shen Bi's voice fell, the whole conference room became noisy again.

  At this time, the total share capital of Hutchison Bank is 165 million shares. After an increase of 50 million shares, the total share capital becomes 215 million shares;

  While Wu Guangyao originally held 26.5 million shares, after adding 50 million shares, he held 76.5 million shares of Hutchison International, accounting for 35.6% of the total share capital, surpassing Qi Dezun in one fell swoop;

  Qi Dezun owns 55 million shares of Hutchison International, and now the shares are diluted, only 25.7% of Hutchison International;

  At the same time, Hutchison Bank has received 160 million Hong Kong dollars in cash, and can also temporarily tide over the difficulties.

  Qide was unable to speak with dignity, looked at Shen Bi fiercely, and then at Wu Guangyao;

  I saw Wu Guangyao stand up and say, “Although Mr. Shen Bi’s words fascinated me! But the scale and achievements of Hutchison Foreign Investment Co., Ltd. are of great credit to Mr. Qi Dezun.”

Before Wu Guangyao finished speaking, a shareholder stood up and said: "The credit is credit, but Hutchison Holdings is now on the verge of bankruptcy. What's the use of those! Mr. Wu, as shareholders, we just hope that we can recover our investment. Therefore, I invite you to host the Hutchison Business!"

  Next, a group of shareholders and some directors of the board of directors began to quarrel!

  Finally, a group of creditors got up and left, threatening to go to the Hong Kong government and the courts, and demand Hutchison Holdings to be liquidated.

  A shareholder meeting is not halfway through, and it ends up unhappy!

  After the meeting, Qi Dezun hesitated and invited Wu Guangyao and Shen Bi to sit in his office.

   "Mr. Shen Bi, are you not optimistic about me praying for Dezun?" Qi Dezun's tone was somewhat pleading, and he no longer had the tolerance of Heji Taipan.

  Qi De Zun knows that as long as HSBC is willing to help him, he has the hope to continue to be in power;

  But, let Qi De Zun disappointed!

"Pray De Zun Taipan, this is not my family's words, HSBC executives, Hutchison shareholders, everyone hopes that you can retreat. Of course, everyone will recite your credit, and you can continue to be a director of Hutchison Holdings. Struggle with Hutchison!"

Now, Wu Guangyao has decided to have a showdown, so he said on the side: "After Hutchison Bank’s private placement, there is a fund that can be used to deal with the Swiss francs borrowed by Hutchison Bank, and it will not be chased by creditors. At the same time, I also invited the "company doctor" Wei Li to manage the Hutchison Business! I have made a sound plan for Hutchison Yang and I am willing to sign a contract on the board of directors. Within two years, Can turn losses into profits!"

  Qidezun's heart suddenly lost, at this time, the trend has gone!

  Once those creditors quarrel, the court and the Hong Kong government will intervene in Heji Foreign Bank;

  HSBC does not support himself, Wu Guangyao also deliberately dominates Hutchison, and shareholders and bondholders are pushing the palace, he has no chance at all!

  March 20, 1974, midnight.

The board of directors of Hutchison Holdings held a press conference and announced at the meeting: Hutchison Holdings and Mr. Wu Guangyao have reached an agreement, and Hutchison International will issue 50 million new shares at a price of 3.2 Hong Kong dollars per share; Mr. Wu Guangyao himself will acquire the entire capital The Hutchison International shares issued this time increased its holdings to 35.6% and became the largest shareholder of Hutchison Bank.

  The board of directors of Hutchison Holdings decided that Mr. Wu Guangyao was elected as the chairman of the board of directors of Hutchison Holdings, Rong Bensheng served as executive director of the board of directors of Hutchison Holdings, and Wei Li served as chief executive officer and director of Hutchison Holdings.

  Shocked Hong Kong and Kowloon as soon as the news came out!

  In the eyes of the people of Hong Kong Island, Hutchison Bank is equivalent to the existence of Jardine Bank, HSBC, Swire Bank, and Wheelock Bank. These five foreign banks can be said to be the well-deserved British giants on Hong Kong Island;

  I think that the Wharf Group acquired by Mr. Wu Guangyao at the beginning cannot be compared with the current Hutchison Company;

  Hutchison Foreign Company is a behemoth. Although Hutchison Foreign Company is in trouble this year, the skinny camel is bigger than the horse;

  Its Whampoa Dockyard, Junyicang, Watsons, ParknShop, International Container Terminal, Hebao, etc., these companies span real estate, ports, retail, and trade.

  The next day, various newspapers in Hong Kong put Wu Guangyao's photos in the best position one after another, and reported substantially:

  The "Business Evening News" commented: ‘It’s like dropping a bomb’, ‘the stock market soars this morning’, and ‘the small market drives the big market’

"Sing Tao Daily" commented:'The first big class to take the lead in a British-owned Oceanic Bank', Mr. Wu Guangyao only paid 160 million Hong Kong dollars to control such a huge company and possess such huge assets. A major victory; Mr. Wu Guangyao is the "God of Management", and I believe that Hutchison Foreign Trade will be renewed under his hands!

  Some newspapers also ridiculed Qi Dezun’s “excessive appetite and indigestion” and “steel teeth with sharp teeth, but poor gastrointestinal function”.

  The news spread out of Hong Kong Island, which also caused many media reports in the international arena:

  U.S. "News Weekly" commented: The world's richest Chinese man, Mr. Wu Guangyao, became the chairman of the board of Hutchison Holdings. This is the first board chairman of a Chinese company in Hong Kong. Maybe he is not the only one.

The British "Times" analyzed that: British companies have been acquired by Chinese Wu Guangyao, making Hong Kong's British companies nervous; as we all know, Hong Kong is a British colony. However, the majority of Hong Kong's population is still Chinese, and they control Hong Kong. However, there are only a small number of British people in the political and economic lifeline. After World War II, especially in the 1960s and 1970s, the economic power of the Chinese grew rapidly; a "richest Chinese" and "the richest man in the world" were born.

  The British "Times" also pointed out: As the Chinese became stronger and stronger, the upstart Chinese businessmen became more active. They were already ready to compete with British capital in order to obtain the economic benefits of the former British businessmen.

  British has an ‘British Empire’ tone that is unappetizing, but overall it’s not wrong. Chinese businessmen are indeed about to rise!

  (End of this chapter)