Rebirth 1991: My Financial Era
Chapter 85 Should Hengsheng Bank be sold?
The next day, Sun Chen got up refreshed and started practicing.
When he arrived at the office, Sun Chen arranged work.
"Linshi, please inform all directors that the Fund Holders Meeting No. 1 will be held on the weekend."
"Okay, Sun Sheng." He Linshi was distracted, and she smelled the scent of other women's perfume.
"The capital injection I assigned yesterday will be done as soon as possible. If you are too tired, recruit more people. Go and get busy."
Sun Chen knew her reaction and pretended not to know.
"Okay, Sun Sheng." He Linshi went out lonely.
"Taipan, are you free? Let's play golf together?" Sun Chen called Puvez, preparing to start the acquisition mode.
Huifeng's senior manager Shen Bi has retired and has been officially passed on to Portugal.
"My friend, of course." Portugal readily agreed.
On the court, the two were sweating profusely, with Zhang Xiping standing not far away.
"Shen Taipan, can the stock pledge financing be returned in advance?" Sun Chen asked.
"Of course, Sun Sheng, if there are funds deposited, I can provide preferential interest rates." Shen Daban also wants to attract deposits.
"I have something I want to ask Mr. Shen for help. Is it convenient?" Sun Chen said with a wave.
"Sunsheng, please speak." Puves also swung the ball and made a birdie, feeling excited.
"What your bank holds, Hengsheng Bank, are you going to sell it?" Sun Chen said in a low voice, staring straight into Puvez's eyes.
"Sun Sheng, you, your idea really surprises me." Puweisi was shocked.
Hengsheng Bank was established in Hong Kong in 1933 and was once the largest Chinese bank. During the Hong Kong stock market crash in 1965, Hengsheng Bank suffered a run and was forced to transfer 51% of its shares to Huifeng. Huifeng later increased its holdings many times and currently holds 62.14% of the shares, achieving absolute control.
Although Hengsheng Bank was acquired, it was independently operated and listed. Its current market value is about 260 billion, and the market value of its 62.14% equity is about HK$162 billion.
"Shen Daban, 97 is approaching, what are Huifeng's plans?" Sun Chen asked.
Huifeng has always wanted to avoid risks and started the trend of diversification and globalization, but it has always been reluctant to leave the Hong Kong market. Sun Chen's question hit home.
"This is a resolution of the board of directors and has nothing to do with Hengsheng." Puves didn't look like he was spitting.
"So, what are Mr. Shen's personal plans? Will he be a working emperor for the rest of his life?" Sun Chen continued to puzzle.
"What does Sun Sheng mean? I'm very satisfied with this job." Puves said in a neutral tone.
If Hui Feng is the king of finance in Hong Kong City, then Portugal is the king of finance in Hong Kong City. It cannot be said that it can determine the rise or fall of a certain industry, but at least it can determine the life or death of a certain enterprise.
Historically, the rise of Chinese financial groups has a lot to do with the strong support of Shen Ji and Portuguese.
There are two reasons: First, as 97 approaches, British capital is fearful of the unknown and has withdrawn one after another, or has launched a global layout, shifted its business focus outward, and actively given up market space; second, Chinese capital itself is developing rapidly, With the advantage of being backed by the mainland of Huaguo, and the boost from Huaguo’s investment, it has also caught up with the boom in real estate and economy.
"Everyone knows that Shen Taipan is the king of Hong Kong City's finance, but don't you think about it seriously for those born in 97 and after retirement?"
Sun Chen's voice was low and full of bewitching power.
This is the conflict between business owners and agents.
The owner can inherit, but the agent cannot.
"What do you want to do?" Portuguese asked involuntarily. After asking, he realized that he had fallen into Sun Chen's language trap. He wanted to struggle out, but couldn't exert his strength.
"It's very simple. I can't eat all 62.41%. Is it okay to reserve 5% for friends in London and Hong Kong?"
Sun Chen looked to the west, as if he saw London.
"Maybe there are certain companies in a certain tax haven that can acquire this 5%." Sun Chen said.
"Friends in London and Hong Kong City may not have the funds for acquisitions."
Puves stared at Sun Chen, his gray and translucent eyes infinitely deep.
"Perhaps my friend Qian Dazhuang can solve my friends' troubles."
Sun Chen swung a club and talked as he walked.
"I have a fund, Huaxing No. 9.5. The current rate of return is expected to be 5 times, and it will be 6 times after sharing. It has been established for less than months. Maybe Qian Dazhuang can help and ask friends to sign. Shen Taipan, do you think this investment is a good one?"
Sun Chen turned around and said to Puvis.
This investment is certainly a wonderful one.
The family happened to register an offshore company and invested in Huaxing No. 5 a few months ago. With times the income, they could confidently declare it to the tax bureau without having to pay taxes!
This is the secret of offshore tax havens.
As the king of finance, how could Portugal not know this?
Hengfeng has a market value of HK$260 billion, and the purchase price of 5% is HK$13 billion. Assuming a premium of 20%, the purchase price is HK$15.6 billion.
"Daban Shen, the yield of Huaxing No. 5 after liquidation is 10 times, but there are still some earnings that have not been liquidated. Huaxing Holdings is willing to buy back at times the price. Do you think this price is fair?"
So, of the 15.6 billion Hong Kong dollars, only 1.56 million Hong Kong dollars need to be invested? Portuguese was calculating quickly in his mind.
This is a fund that can be obtained, and I also manage a bank! Are you worried that you won’t be able to borrow money if you don’t have enough?
It’s just that you have to pay back the money you borrowed, and you have to pay interest! Portuguese couldn't help but scratch his head.
"Daban Shen, Xinhengsheng still hires you as a director. You said, if I pay a special dividend after the acquisition, would you agree?"
Of course I agree, the special dividend is to pay back the acquisition loans to our friends in London and Hong Kong.
Sun Chen took into account almost all the issues that Portugal was worried about.
"Sunsheng, I think we are friends, aren't we?" Puves smiled and stretched out his hand.
"Nice to work with, my friend."
The two shook hands tightly and laughed, but the smile was a little cunning.
Huaxing Holdings held a closed investor meeting.
Not surprisingly, several blond ladies became new owners and also participated in the investor meeting.
"Ladies and gentlemen, the Huaxing No. 1 Fund Investor Meeting will now begin. Now I would like to ask fund manager Sun Sheng to introduce the fund investment situation to everyone."
He Linshi presided over the meeting and dressed dignifiedly. Now she is a little rich woman.
"Ladies and gentlemen, time has flown by and half a year has passed in the blink of an eye. Thanks to your trust, Huaxing No. 9.5 Fund has worked hard in multiple markets in the past six months and has now achieved impressive results, with a return rate of times!"
When the numbers were projected onto the screen, there were now exclamations, then near-maniacal cheers.
The security of the Peninsula Hotel knocked on the door and came in to check. He saw a group of ladies laughing and laughing, then closed the door and left.
The blond ladies who had signed the new investment agreement were stunned at the moment, and then they held their chests and gasped for air. The Western dress is too tight.
He Chaoqiong was also very happy, looking at Sun Chen on the stage with a smile, how many miracles this child has!
Sun Chen quietly waited for the investors to calm down.
"Ladies and gentlemen, this is a moment of wonder, let's get back to reality."
Sun Chen cooled down the atmosphere.
"Director He, please introduce the second agenda item of this investor meeting."
Sun Chen handed over the topic to He Linshi and nodded to He Chaoqiong.
"Dear investors, according to the manager's proposal, Huaxing No. 1 will pay dividends for the first time. The dividend plan is as follows." He Linshi stated in a clear voice.
"According to the fund investment agreement, this fund does not charge management fees and does not distribute dividends within 20% of the income. A management fee of 20% is charged for the 50%-20% income part, a management fee of 50% is charged for the 100-30% income part, and a management fee of 100% is charged for the income part above 50%. 44.6% of the management fee is charged. According to the manager’s calculations, dividends receivable are 50.4 billion yuan and investors’ income is billion yuan.”
The dividend calculation process was clearly projected on the screen, and investors finally calmed down. It turns out that the income still needs to be shared with the managers. However, within half a year, the income was 5 times higher, which still greatly exceeded expectations.
"Dear investors, we have an investor voting form. Please vote whether you agree with this distribution plan."
He Linshi directed the distribution of voting forms.
Sun Chen took the microphone and said: "Dear investors, market risks are unpredictable, and the results achieved are partly due to luck, which is also a blessing for all investors. We deeply feel that the market is difficult to control in the near future. In order to avoid potential I propose to carry out this distribution. Do you agree to accept the loss?"
"I agree." He Chaoqiong said calmly, "Five times the income has exceeded my expectations. It's not enough."
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