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Chapter 317 Sweeping HSBC Bank

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    February 15, 1998, a very good day, the first day after Western Romance Valentine's Day.

    The Hong Kong Stock Exchange opened, and a shocking news came out.

    ? HSBC issued a trading suspension announcement;

    The largest shareholder, the Royal Family Fund, paid a premium of 35%, and issued an invitation to all HSBC shareholders to purchase. The equity registration date was February 15, 16, and 17, a total of three days.

    During this three-day period, HSBC temporarily suspended trading.

    In the announcement,

    The largest shareholder, Royal Family Fund, claims that it already holds 36.2% of the shares. If the acquisition reaches the 51% absolute holding line, it will officially start the delisting and privatization process of HSBC Bank and carry out comprehensive privatization.

    This official statement caused an uproar in the entire stock exchange, and everyone was shocked and had different opinions.

    "Is there any mistake? HSBC can be delisted even if it is so big."

    "The leading blue-chip stocks worth more than 100 billion will be delisted as soon as they say they will be delisted. The God of Wealth is so courageous. He really has gold and silver at home!"

    "It's not just Jinshan Yinhai. Hynix, which was acquired by the King of Wealth in South Korea last month, also spent several tens of billions of Hong Kong dollars. I heard that the market value of Atlantic Business Machines, a subsidiary of the company, is trillions. Some authoritative financial experts have analyzed that it may start private ownership.  The process of transformation, how much do you think it will cost?"

    "Wow I can't figure it out."

    "The four richest families in Hong Kong can only follow behind and eat farts! The hair on their legs is thicker than their waists."

    "The richest man in the world? The richest man in the world, the number one in the world, and his subordinates are all business elites in the world. My cousin is working under him."

    The words of this fat trader attracted everyone's attention, and everyone gathered around and said with interest;

    "Really, Brother Ah Shui, please introduce us to me!"

    "I also want to work under the boss. There is no one in the world with thicker thighs than the God of Wealth. I have worked in the securities firm for 17 years and graduated from a prestigious school."

    Ah Shui saw a sentence that caused a sensation among the crowd, and there was endless longing in their eyes. He knew that the matter was serious, and it would be bad if he didn¡¯t tell the truth;  Can't get in touch now."

    "What are you bragging about?"

    "Really, my eldest cousin works as a middle-level manager in the Yangtze River Science and Technology Group in the Atlantic Science and Technology Park in Shenzhen. The salary is quite good. He brought my cousin's whole family to Shenzhen and asked me to go through the gate to play.  "

    "cut¡­¡­"

    "The King of Wealth has over one million employees, and there are 20,000 people in middle management. Who knows who your big cousin is? There is no limit to this bullshit."

    "Pujie made me excited for a while. I thought it was a hidden sweeping monk, a big guy, but I didn't expect it to be a passerby, or a kind of extra actor who didn't have lines. It's not bad enough."

    A group of traders booed and left in all directions with a happy expression.

    ?The shocking news came from the Hong Kong Stock Exchange, and it quickly spread among the rich in Xiangjiang.

    If the Royal Family Fund's acquisition is successful and reaches the 51% absolute holding line, this is equivalent to a "boom" slap in the face.

    I have offended the royal family fund before, what are the consequences?

    Judging from the Royal Family Fund's sweeping of goods in the market at the end of 1997, Wang Yaocheng is definitely not a broad-minded person. His target is faintly targeting the three wealthy families in Xiangjiang. All he bought is the stock of the other's flagship company, which has threatened the family's controlling interest.

    Especially the Wu family, the son-in-law of the ship tycoon, whose eight listed companies were under comprehensive attack and were devastated.

    Since Wang Yaocheng landed on Hong Kong Island, he has shown no mercy towards his opponents, and the autumn wind sweeps across like fallen leaves.

    Except for the shares of Miramar Hotel, others have not yet fully controlled.

    Just from this point of view, it seems that there is still a little bit of enthusiasm left, and the matter has not been completely done.

    There is not much time left for the three rich families in Xiangjiang, and decisions must be made as soon as possible. Under this thunderous offensive, the offensive and defensive alliance of the rich circle in Xiangjiang is facing a breakdown.

    Whether it is war or peace, a decision must be made as soon as possible.

    Originally, the stocks of HSBC Bank, which was used as a bargaining chip in his hands, completely lost the accompanying aura, and no longer became a key part of this world-renowned acquisition, and no longer had the ability to bargain.

    Is it worthwhile to carry it hard?

    ? While shocked by the strong financial resources of the royal family fund, Hong Kong's wealthy circle has to carefully weigh whether the other party will target themselves.?? Money is gone.

    In the end, the three-day equity registration day ended.

    As of February 17, when the London Stock Exchange is closed.

    The Royal Family Fund holds a total of 91.26% of the shares of HSBC. Among them, the second largest shareholder, BlackRock Group, and the third largest shareholder, the Cleveland Consortium, all entered the market and cleared their huge equity.

    So, who owns the remaining 8.74% equity?

    Wang Yaocheng doesn't care about this, and he doesn't need to bother to guess. After the privatization process is started, the registration of this part of the equity will be frozen, and the truth will naturally come to light.

    It cannot be ruled out that over the past 100 years, zombie stocks and stocks locked in safes have settled down in history. Behind each case are interesting secrets and shady scenes. If you are interested in sorting out, it is a good movie theme.

    ?Based on August 14, the closing price of HSBC Bank was 7.612 billion pounds;

    The premium of 35% is 10.2762 billion pounds, and the equity held by the Royal Family Fund increased from 36.2% to 91.26%, which cost a total of 5.658 billion pounds, or about 8.8888 billion U.S. dollars (69.3 billion Hong Kong dollars).

    The merger and acquisition of Hynix and the subsequent huge amount of capital arrangements, plus the HSBC merger and acquisition, consumed a total of 15.368 billion U.S. dollars, plus the previous sweep of goods on the Hong Kong Stock Exchange, which consumed a total of 4.72 billion U.S. dollars, all added up  It has exceeded 20 billion U.S. dollars, and more than half of the huge amount of 40 billion U.S. dollars originally saved has been consumed.

    Is it worth the 35% premium to spend such a huge amount of money?  (Remember the site URL: www.hlnovel.com
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