Rebirth 2006, creating a super consortium

"An Xin, although the specific information has not yet arrived, can you first tell me what you know about Liu Chong Hing Bank and why you choose Liu Chong Hing Bank?"

An Xin nodded slightly after hearing what Wang Ming said, and began to quickly sort out the relevant information about Liu Chong Hing Bank in her mind. After a while, she slowly began to talk: "Liu Chong Hing Bank was founded by "West Ring Land King" Liu Baoshan in 1948. It was spun off from Liu Chong Hing Enterprises in 1994 and listed on the Hong Kong stock market.

After decades of development, Liao Chong Hing Bank currently has 19 branches in Hong Kong, and three branches outside Hong Kong in Shantou, Macau and San Francisco.

According to the 2005 financial report of Liu Chong Hing Bank, its current customer deposits have reached HK$415 billion, net assets are HK$58.33 billion, revenue is HK$9 million, and net profit is HK$3.98 million.

The total issued share capital of Hong Kong stocks is 4.35 million shares. The share price has fluctuated around HK$15 in the past month, and the total market value is around HK$65 billion.

Why choose Liu Chong Hing Bank?

It’s very simple, it’s a problem of equity structure!

According to the Hong Kong Stock Exchange's equity information disclosure, more than a dozen people in the Liao family hold a total of 50.2% of the shares, China Ocean Shipping holds 20%, and Mitsubishi Tokyo UFJ holds 9.66%. This is a great opportunity for us!"

After the four big guys drank tea and listened to An Xin's story patiently, they did not speak but started thinking instead.

After a while, He Zhuolin seemed to have thought of something and smiled and told an interesting story: "I heard that after arguing for ten years within the Liao family, they finally decided to change the name of the bank to Chong Hing Bank."

"Just because of the name change, they have been arguing for ten years?"

An Xin was shocked!

In the past, Yuexiu Group’s acquisition of Chong Hing Bank caused quite a stir in the industry.

After An Xin noticed the news, he specifically looked up some relevant information about Chong Hing Bank, but he really didn't know that the Liao family had been arguing over the name change for ten years.

Wang Ming smiled slightly and said, "That's good. It just shows that there are quite a lot of disagreements and cracks within the Liao family. In this case, the possibility of us dividing and disintegrating them is really not low."

Huang He nodded in agreement and said, "I will try to get the 9.66% stake held by Mitsubishi Tokyo UFJ."

Upon hearing this, the four of them turned to look at Huang He.

"Why are you looking at me?" Huang He smiled and explained, "I have a good relationship with several directors of Mitsubishi UFJ Financial Group. There is a high probability that the 9.66% stake will be fine."

The tone is very domineering!

"Let me take care of Huaxia Ocean." Wang Ming accepted the challenge of the second largest shareholder of Chong Hing Bank and continued, "The biggest problem is the 50.2% stake held by the Liao family. If we can't solve this, nothing else will work!"

Everyone nodded in agreement, but the specific information was incomplete and it was difficult to analyze any loopholes.

dong dong dong...

After hearing the knock on the door, He Zhuolin politely said to the door: "Come in!"

A man in his 30s pushed open the door and walked in with a thick document. He then walked straight to Ho Cheuk Lam, handed him the document, and said, "Director Ho, this is the information about Liao Chong Hing Bank that you requested."

He Zhuolin took the information, nodded to the man and said, "Xiao Li, thank you for your help. Go ahead."

Upon hearing this, Xiao Li said goodbye politely and quickly left the office.

After seeing Xiao Li leave, He Zhuolin put the information on the tea table and said directly: "Everyone read it separately first, and then summarize it after reading it."

An Xin and the other three nodded when they heard this, and they all reached out to pick up a piece of information and began to read it carefully.

An Xin finished reading the information in her hand first. After looking up and finding that everyone was still studying it carefully, she began to drink tea and waited slowly.

After about ten minutes, Wang Ming and the other three gradually put down the documents in their hands and picked up their teacups to moisten their throats.

Huang He put down his teacup and asked in confusion, "Something seems a little strange. It seems that the Liao family has been trying to sell Chong Hing Bank and go into real estate in recent years?"

He Zhuolin nodded in agreement: "You are right. Judging from the information, they are willing to sell it."

"Ten people hold 10% of the shares, and four of them are involved in the operation and management of Chong Hing Bank. They are persons acting in concert." Wang Ming shook his head and added, "You can consider negotiating with them directly. HK$50.2 is already a high point in recent years, and the premium should not be too outrageous."

An Xin frowned upon hearing this, a little hesitant. Should she buy it now or wait until the financial crisis to pick up bargains?

If we acquire Chong Hing Bank now, including the premium, the total acquisition cost will be at least more than 70 billion Hong Kong dollars.

If the acquisition had been made in 2008, perhaps HK$40 billion would have been enough to complete the acquisition.

But by that time, at least HK$15 billion would have to be injected into Chong Hing Bank to fully revitalize asset operations.

More than 70 billion, 55 billion, the difference is more than 10 billion, and it will take 2 years to wait. Is it worth it?

An Xin quickly realized that it was not worth it.

Two years was enough for him to develop Chong Hing Bank to a certain level and even train a new batch of bank management team.

When the 2008 financial crisis spread across the globe, Chong Hing Bank could be used as the core, and through a large number of bargain-hunting acquisitions, Chong Hing Bank could be rapidly expanded to become a large joint banking group!

Don't miss out!

After figuring it out, An Xin didn't hesitate and asked directly: "Boss, with a 10% premium, is it possible to acquire 1% of the shares of the three major shareholders within one month?"

Wang Ming frowned and asked, "So urgent?"

"If it's a 10% premium, then I'll have a chance to get a 5% premium." Huang He looked at An Xin with a smile, and added: "Within one month, I guarantee that I can get 1% of Mitsubishi Tokyo UFJ."

An Xin smiled upon hearing this and said cheerfully, "No problem. Anyway, the 10% premium has been put out. If Uncle Huang can quickly take the 9.66%, it's up to Uncle Huang to decide how much premium he can get!"

Huang He nodded with satisfaction, gave An Xin a thumbs up and praised her, "You are a very good kid, very generous, and much more promising than Wang Ming. Don't worry, I will definitely give you this 9.66%!"

"Go away, what are you talking about?" Wang Ming cursed with a smile, then looked at An Xin and added: "For Huaxia Ocean's 20%, if the premium is 10%, then it will be enough to satisfy the leaders. I will help you get it as soon as possible."

He Zhuolin glanced at the Deputy Secretary for Finance, Li Yuanjie, who had always been very quiet, and asked slowly, "Yuanjie, you are in charge of Hong Kong Finance, can you say a few words?"

Li Yuanjie put down his teacup and said crisply: "The acquisition approval is not a problem. It will definitely be approved. After the acquisition is completed, the HKMA can consider storing part of the reserves in Chong Hing Bank."

"Tsk tsk tsk, the Finance Minister is the Finance Minister, so generous." He Zhuolin sighed with a smile, then looked at An Xin and said calmly: "If it's a 10% premium, then the Liao family can let me try. My family elders have a good relationship with Liao Liewen, the head of the Liao family. If they really have the intention to sell, I will definitely give them face to discuss it."

An Xin picked up the teacup and gestured to the four bosses, saying with a smile, "That's great. I'd like to express my gratitude to all of you uncles with tea instead of wine. I really appreciate your kindness and support!"

Upon hearing this, Wang Ming and the other three looked at each other, then picked up their teacups and clinked their teacups with An Xin's, accepting his expression.