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067Invitation from First Citigroup

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    It is not easy to transform from an artist to a businessman, so it took George Morrison half a year just to become familiar with the management methods of the family business.

    Although the shares of Jardine Matheson System account for a large proportion of the assets of the George Morrison family, they are not the main part. Most of the Morrison family's industries are in real estate and mechanical and electrical products. Jardine Matheson System  The shares are just the shares left by the ancestors.

    George Morrison has been very troubled recently. Affected by the financial crisis, the assets of the entire Morrison family have been reduced by at least 20%. Both the real estate and mechanical and electrical industries have been greatly affected. If he doesn't think of a solution,  If it is solved, the business prospects of family businesses will be very worrying.

    Although George Morrison is just getting started in business, he still knows that there are at least two ways to solve the dilemma of the Morrison family business. One is to tap the potential capabilities of the company from within and improve the company's market competitiveness;  It is to find another profit point to expand the scale of the Morrison family industry in order to reduce the pressure on the original industry.

    No matter which way to solve the dilemma, there must first be an important factor before it can be implemented, and that is the problem of funding. Without sufficient funds, no matter which method is adopted, there is no way to implement it.

    George Morrison thought about finding a bank loan, but after suffering the financial crisis, most banks began to deliberately tighten their money supply and began to tighten loan conditions. The Morrison family could be looked upon by banks.  The only ones that are worthy are the shares of Jardine System.

    However, it is still difficult to say whether the bank will grant a loan if the shares of Jardine Matheson System are pledged. George Morrison feels that the safest thing is to sell the shares of Jardine Matheson System.  However, to whom can these shares be sold?

    It is impossible to put such a large number of shares on the market. Today, the UK's economic situation is as sluggish as the world's general trend. The stock trading volume on the market has shrunk by more than half. The Jardines held by the Morrison family  The total value of the system's stocks is as high as 1.5 billion pounds. If they are put on the market, it may cause a panic drop in valuations.

    This is definitely not what George Morrison wants to see, and as a member of the board of directors of Jardine Matheson Group, the Morrison family signed a contract when they first entered the board of directors, and they are not allowed to sell more than 3 yuan in the stock market at any time.  % of the shares of Jardine Matheson System, once they breach the contract, they will bear legal responsibility.

    Before arriving in London, Zhao Zhenbei had already asked people to find out the detailed information of the three families that were excluded from the core board of directors of Jardine Matheson Group. He paid special attention to the investigation of George Morrison. Relatively speaking,  Young George Morrison is much easier to deal with than the old guys from the Patton family and the Harris family.

    And the Morrison family is very thin. The only direct heir to the old Morrison is George Morrison. The other Morrison family members do not hold shares in the Jardine System.

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    Zhao Zhenbei has always been afraid of trouble. Since few of the products of Jardine Matheson Group are related to the Batumi Control List, Hong Kong Jardine Matheson Company has nothing to do with the control list at all, so when it comes to acquiring  When the shares of each of the three companies in the Jardine System exceeded 30%, Zhao Zhenbei decided to make a blatant gesture and proposed to the securities regulatory commissions of Bermuda, London and Singapore to acquire the Jardine Group.

    Therefore, Zhao Zhenbei's first goal was to first target George Morrison, who had just inherited the legacy of the old Morrison, and take down the shares of the Jardine system in his hands, plus the Jardine shares originally collected from the stock market.  System stocks basically have enough bargaining chips to negotiate with Jardine Matheson Group.

    Zhao Zhenbei did not immediately contact George Morrison. As a Hong Konger, if he directly made an appointment with a British hereditary aristocrat like George Morrison, he might not even be interested in meeting him.

    Therefore, Zhao Zhenbei is planning to wait for the second child, Zhao Zhennan, to come to London, and then make an appointment with George Morrison through the Thomson family, because Zhao Zhennan, who has completed immigration and became an official British citizen, is obviously more susceptible to the arrogant British than himself.  accept.

    Zhao Zhennan arrived in London one day later than Zhao Zhenbei. The two brothers naturally had to have a good exchange when they met. After this exchange, Zhao Zhenbei discovered that Zhao Zhennan had brought a lot of good news.

    Since Zhao Zhendong¡¯s immigration application was submitted by IBM President Akers and Citigroup¡¯s major shareholders,The US Immigration Service was incredibly efficient because it was handled by a professional, and all the procedures were completed in just two or three days.

    As one of the three core board members of Citigroup, Reed spent so much effort to help Zhao Zhendong. The most fundamental purpose is to attract Zhao Zhendong to join the board of directors of Citigroup and become the eleventh board member.

    By the end of 1987, Citigroup's total assets, which had shrunk after the financial crisis, were still as high as $150 billion.

    Citigroup currently has two wholly-owned subsidiaries, namely Citibank Co., Ltd. and Salomon Smith Barney Holdings International Co., Ltd., of which Citibank Co., Ltd. is responsible for commercial banking business, while Salomon Smith Barney Holdings International Co., Ltd. is responsible for investment banking business.

    At the beginning of 1987, Citibank was in trouble due to bad loans in overseas and commercial real estate. Coupled with the impact of the financial crisis, bad debts were expected to reach billions of dollars, which greatly affected Citigroup's overall performance.  develop.

    At this time, in order to restore other shareholders¡¯ investment confidence in Citigroup, the three core board members decided to attract new investors to join Citigroup after discussion. At this time, Hong Kong Star Investment began to enter their sights.

    In the two years from 1985 to July 1987, Hong Kong Star Investment's investment plans in Japan to speculate on Japanese yen were basically carried out through Citibank accounts, so Citibank was the one who knew most of the capital flows.  .

    First, they speculated on the Japanese currency, then speculated on the Mark and invested in Tokyo land, and then later entered the Japanese stock market. Hong Kong Star Investment¡¯s series of investment plans amazed the board members of Citigroup. After the entire series of plans was completed, the profit returns were even greater.  It's shocking.  (Remember the website address: www.hlnovel.com
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