Legend of Xiangjiang Tycoon
Chapter 546: old fox
When investors saw Liang Botao's move, they all quietly waited for Qiu Deba's move.
But Luo Fuqi, who had already been instructed by Qiu Deba, naturally would not take action.
Investors saw nothing, and sold shares to cash in one after another.
On August 25, 1985, Li Zhiwen, the representative of Kirin Company, announced that Li Zhiwen held more than 50% of the shares of Wheelock & Co., and Li Zhiwen won the victory.
At the same time, Qiu Depu, through Hu Yingxiang's relationship, wanted to talk to Li Zhiwen about the shares of Wheelock & Company.
Li Zhiwen did not think for a long time, and immediately agreed.
In the coffee shop of the Marco Polo Hotel, Li Zhiwen saw Qiu Deba, an old man in his 60s, and suddenly the information about Qiu Deba that he had seen not long ago appeared in his mind.
Khoo Teck Puat was born in southern Malaysia in 1917 and is now called Singapore, and his ancestral home is Fujian Province in the Mainland.
Like most tycoons, Qiu Deba didn't start from scratch and wanted to contradict Qiu Deba from being born into a wealthy family.
Qiu Depu's father, Qiu Yangsheng, was a wealthy rice merchant, like many Southeast Asian tycoons, it seems.
In fact, this is more normal. Southeast Asia is tropical, and many places have three crops a year, so your rice business is a good business to enter.
And Qiu Depu's father Qiu Yangsheng is also a shareholder of many Hakka banks in Malaysia.
In 1933, these Hakka banks merged to become OCBC Bank, and Qiu Depu, who was only 16 years old, entered the OCBC Bank.
In 1959, Qiu Deba, who had become the deputy general manager of the bank, left to seek another development because he could not enter the board of directors.
At this time, Qiu Deba's dress was in line with the positioning in the data.
Documents show that Qiu Depu has always tried his best to show his simple taste - wearing cheap clothes, buying lunch at the stall, but at the same time owning a fleet of Rolls-Royce, Mazda and BMW sedans.
In 1960, he and several partners opened Maybank in Kuala Lumpur with a capital of 10 million ringgits (100 ringgits about US dollars).
The bank has grown quite rapidly, opening more than 100 branches in Malaysia and Singapore within six years.
Of course most of the funds were borrowed by Qiu Deba for his own personal investments, especially real estate investments, including his investment in a large hotel in Singapore.
There are rumors that Khoo Teck Puat lent all the OCBC money to himself, which led to the OCBC run in 1966.
Qiu Depu later established another banking enterprise in Brunei. In 1965, he persuaded the then Omar Ali Saifuding III to let him set up the National Bank of Brunei in Brunei.
Many members of the royal family have become minority shareholders in banks. This is the only bank in Brunei, but it is extremely lacking in supervision.
Khoo Teba immediately borrowed a lot of money from the bank for his real estate in Singapore, Australia and elsewhere.
This has been maintained until now, and there is no trend to weaken it in the slightest.
Qiu Depu likes food the most, he likes fatty pork the most, and he also likes famous cars.
Every weekend he has dinner with his family. The old gentleman is delicious, it's no different from other Singaporeans.
Qiu Depu loves both Chinese and Western food, and his favorite is fatty pork. For many years, the tycoon went to the Goodwood Park Hotel he owned for lunch every day except Sunday. Ms. Liang, a hotel employee who has been in charge of serving Qiu Depu's meals for 15 years, said that Boss Qiu likes pig's feet, suckling pig and three-layer meat the most.
Many insiders have praised Qiu Deba's investment vision, especially since he can always rely on his intuition to buy at a low price and sell at a high price, making a lot of money. In an interview, Qiu Deba revealed his investment experience. He said: "When no one wants to enter the market, it is time to buy it (referring to stocks) for several million."
In fact, what Li Zhiwen knew best about Qiu Deba was not from these aspects, but from his previous life in 1986 when he and Bao Yugang joined forces to help Standard Chartered Bank defeat the enemy, which has always been talked about by future generations.
Standard Chartered Bank and HSBC are the two major note-issuing banks in Hong Kong. Standard Chartered Bank is second only to HSBC in strength and reputation.
Standard Chartered Bank ranks ninety-ninth among the world's 100 largest banks, so those financial oligarchs are often hostile and want to annex Standard Chartered Bank and put it under its banner.
One day in 1986, Lloyds Bank, a local British bank, launched an acquisition of the British-owned Standard Chartered Bank in Hong Kong.
At that time, Standard Chartered Bank was unable to stop it for various reasons.
The shareholders of Standard Chartered Bank are reluctant to be merged into Lloyds Bank.
Therefore, the then Standard Chartered Bank Taipan specially invited Bao Yugang to help.
Of course, Bao Yugang readily agreed. Bao Yugang decided to acquire Standard Chartered Bank out of nostalgia.
Bao Yugang worked in the banking industry for a long time when he was in the mainland. At that time, Bao Yugang had strong financial resources, and he had two battles with Wharf and Wheelock to embolden him. When he had the opportunity, he naturally wanted to relive his dream of being a banker.
But Bao Yugang knew that it was impossible to win Standard Chartered Bank by himself, so Bao Yugang invited Qiu Deba.
Qiu Depu and Bao Yugang didn't know each other. Qiu Depu didn't know each other in the Wheelock campaign.
In fact, this is in line with Bao Yugang's behavior. From John Madden to Qiu Depu, without exception, they have all become Bao Yugang's friends.
In the history of Bao's interpersonal relationship, we can find such an interesting phenomenon: "you don't know each other if you don't fight", and friends are "hit".
His long-term friendship with George Madden; he fought for Wharf with the Landmark Group. After winning the deal, Wharf and the Landmark Group formed a company to jointly develop the Newport Centre.
Now, the two rivals in Wheelock's battle have joined hands to acquire Standard Chartered a year later. Along with Qiu Depu, there is also the wealthy Australian businessman Robert.
Bao Yugang played the role of a white knight in the battle of Standard Chartered Bank, and joined the giants in the Asia-Pacific region to buy shares of Standard Chartered Bank to compete with Lloyds Bank.
Among them, Bao Yugang spent 100 million Hong Kong dollars to buy a 15% stake in Standard Chartered Bank.
Stock critics said: Bao's is a big deal every time. The previous two acquisitions were "miserable wins". If they can win this time, they will have to pay a very high price.
And Qiu Depu spent 200 million US dollars to acquire an 11% stake in Standard Chartered Bank.
Unexpectedly, many wealthy businessmen suffered heavy losses due to the major stock market disaster in the world.
Qiu Depu and Robert were in crisis, so they had to leave Hong Kong and sell their shares in Standard Chartered Bank to others.
Bao Yugang also failed, but he quickly saved the day. Bao Yugang owns 15% of Standard Chartered, more than any other shareholder in the group.
Bao Wanggang served as the vice chairman of Standard Chartered Group. In order to avoid conflicts of interest, Bao has already resigned as a director of HSBC.
At that time, experts believed that Bao Yugang, after the ship king and the real estate giant, wanted to achieve the third biggest goal in his life and become the first Chinese executive of the old Standard Chartered Group, and he would dominate the Asian financial world.
However, Bao's later sold the shares of Standard Chartered Bank twice. By 1988, Bao's no longer had any equity relationship with Standard Chartered.
Bao's original act of righteousness did indeed save Standard Chartered from the bad luck of being acquired by Lloyds Bank.
But Bao Yugang's behavior is very confusing. After all, he is a pure businessman, not a white knight.
There were various speculations in the business media about Bao's "anticlimactic". After Bao's death, people were shocked to learn that it turned out that Bao was diagnosed with cancer in 1987. Well, his retirement has a lot to do with his health.
And Qiu Depu, although he was reluctant to sell the shares of Standard Chartered Bank, turned back to Singapore to stabilize the situation.
After Qiu Deba stabilized the situation, he made a comeback and acquired a 7.5% stake in Standard Chartered Bank from Bao Yugang.
After that, Qiu Depu continued to expand the shares of Standard Chartered Bank, and later held 13% of the shares of Standard Chartered Bank, which is regarded as the largest individual shareholder of Standard Chartered Bank.
It's just that Qiu Depu's backyard caught fire and he didn't have time to care about Standard Chartered Bank.
Therefore, Qiu Depu did not pursue the victory, but only held shares in Standard Chartered Bank.
Putting aside the investigation materials and the stories that Li Zhiwen learned later, Li Zhiwen and Qiu Depu looked at each other again.
"Mr. Qiu morning!" Li Zhiwen said first.
"Mr. Li morning!" Qiu Deba said.
"I heard from Mr. Hu that Mr. Qiu intends to sell the shares of Wheelock & Co.?" Li Zhiwen went straight to the point.
After all, Li Zhiwen and Qiu Deba have no other communication except Wheelock, so there is no need to think too much, the two of them are naturally about Wheelock.
Moreover, in the Wheelock & Co., Ltd. battle, Li Zhiwen came out on top, and at the same time, as the winner, Li Zhiwen didn't have to think too much.
"That's right, since Mr. Li won the Wheelock & Co., Ltd. battle, one mountain can't hold two tigers, and I don't think Mr. Li is the kind of person who can coexist peacefully, so if that's the case, why not take the initiative Leave!" Qiu Deba said.
What Qiu Deba said was right. Looking at Li Zhiwen's previous acquisition stations, without exception, they all beat the opponent to the ground, and even drove them out, so Qiu Deba had self-awareness.
Besides, Qiu Depu holds 23% of Wheelock & Co.'s shares, which is really tasteless, and can even be said to be a drag.
After all, Li Zhiwen seems to be the kind of character who makes a final decision. If Qiu Deba's shares can threaten Li Zhiwen's control of Wheelock, then naturally Li Zhiwen and Qiu Deba will be in vain.
But unfortunately, Li Zhiwen already held more than 50% of Wheelock's shares at this time, and he was a veritable major shareholder, so he was not afraid of Qiu Depu.
As for Qiu Deba's strength, it is even less worth mentioning.
Although Qiu Depu is considered to be superior in the eyes of most people, it is a pity that most of them do not include Li Zhiwen.
"Mr. Qiu is right, but how much does Mr. Qiu plan to sell your shares for!" Li Zhiwen asked.
"7.4 Hong Kong dollars a share!" Qiu Deba said.
Hearing Qiu Deba's offer, Li Zhiwen smiled and did not speak. Instead, he took a sip of the coffee on the table.
"Mr. Qiu, when I took over the Marco Polo Hotel, there was no cafe here. One day, a boss came over and asked to come to the cafe in my hotel. I didn't agree, but I didn't object either, because he was against me. I really need a coffee shop."
"So this cafe was opened at the Marco Polo Hotel. At that time, a cup of Lanshan was priced at HK$5, which was relatively expensive in a coffee shop."
"After that, more merchants opened two in my hotel one after another, and because of the entry of other merchants, this cup of Blue Mountain coffee became 4.5 Hong Kong dollars a cup, Mr. Qiu, can you tell me why?" Li Zhiwen said with a smile.
When Qiu Depu heard Li Zhiwen's story, he did not answer.
The problem is actually quite obvious.
When there was only one coffee shop, it was a veritable seller's market, and the price was naturally expensive, but if you enter two or three peers, it becomes a seller's market, and the price naturally falls.
In the same way, if there is no finality in the battle of Wheelock, the shares in Qiu Deba’s hands, whether it is for Li Zhiwen or other people who have ambitions for Wheelock, are fatal desires, and naturally there will be people willing to sell high price.
This is also the reason why Li Zhiwen was able to bid HK$7.4 to acquire the shares of Wheelock & Co. in the market.
But after all the dust settled, Qiu Depu also sold it to Li Zhiwen for HK$7.4 a share. Isn't that a fool's dream?
Of course, it's not that Qiu Depu didn't understand the truth. After all, he was an old fox in his sixties.
But Qiu Deba still proposed this price. Of course, he didn't really want to sell at this price, he just wanted to leave room for bargaining.
But obviously Li Zhiwen did not go to directly discuss the price with Qiu Deba, but told stories instead, which made Qiu Deba feel a little disgusting as eating flies.
Qiu Deba was silent for a moment and said, "How much is Mr. Li going to pay!"
"Six Hong Kong dollars per share, I will buy all the shares in Mr. Qiu's hands!"
"That's impossible!" Qiu Deba refused directly before Li Zhiwen finished speaking.
"Mr. Qiu, I have other conditions!" Li Zhiwen said with a smile.
"I won't agree to any additional conditions!" Qiu Deba said without listening to the conditions.
Qiu Deba only thought that the conditions Li Zhiwen said were favorable conditions for him.
Little did he know that Li Zhiwen did not listen to Qiu Deba's advice, but continued to say slowly: "At the same time, the funds will not be settled immediately, after the share transfer, 30% will be paid first, and the remaining 70% will be paid within three months! "
After Li Zhiwen finished speaking with a smile, he fixed his gaze on Qiu Deba's face.
Li Zhiwen didn't have that much cash in his hand, after all, Zhang Yuliang still owed it.
And 25% of the shares are less than seven or eight billion Hong Kong dollars, where can Li Zhiwen get it.
So I came up with this method, of course, agreeing or not agreeing is another matter.
In fact, Li Zhiwen certainly knew that Qiu Depu would not agree, how could he agree with such harsh conditions.
And Li Zhiwen also had the same idea as Qiu Deba, asking for a price all over the sky and repaying the money on the spot.
It's just the first round of talks anyway, of course it's impossible to succeed immediately.
Anyway, in Li Zhiwen's idea, the stock price can be negotiated, and the payment method must be according to her own ideas, because she has no money!
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