Chapter 1245: The Object of the Acquisition

Xiao Qi did not dare to think about acquiring large banks such as HSBC, Hang Seng Bank, Bank of East Asia, and Nanyang Commercial Bank in Hong Kong.

In addition to needing hundreds of billions of RMB in terms of funds, but also because the entanglement of these banks is too severe, and the water inside is very deep, Xiao Qi does not want to get involved in troublesome battles.

Therefore, the acquisition of small and medium-sized banks in Hong Kong, especially small and medium-sized banks controlled by families, is the best choice.

There are not many small and medium-sized family banks in Hong Kong, only about seven or eight.

China Merchants Bank is the first mainland bank to acquire a family-controlled bank in Hong Kong. It is the best consultation to find experienced people like them who are negotiating.

Yu Minwei knew that Xiao Qi came to see him, definitely not to drink tea and chat, maybe he will make some big moves.

The itchy vice president didn't have anything to hold back in front of Xiao Qi, so he asked after a few pleasantries: "Qi Shao, you came to see me today, is there something you need? Is there anything I can help you with? Just talk!"

"Which step did you discuss with Wu Jiashang?" Xiao Qi asked with a smile.

"Not so... oh!?" [

After Yu Minwei said half a sentence, he was so frightened that he almost jumped up from the sofa.

With an uncertain expression, he looked at Xiao Qi for a long time before asking dumbfounded: "Young Master Qi, how did you know?"

"It's not such a secret thing, the Wu family already had this wish, haven't they negotiated less with them these years?" Xiao Qi said in a evasive way: "You China Merchants Bank wants to get it, I'm afraid it's not a small price to pay, right? "

Perhaps because of Xiao Qi's identity. And his background irrelevant to the banking industry, after Yu Minwei was horrified. He also calmed down and said, "Who says it's not? Their asking price is too high. It's only 531% of the shares, and the asking price is 30 billion Hong Kong dollars. Do you really think our money is blown by the wind?"

"Wing Lung Bank is performing well. It is one of the top ten banks in Hong Kong. It has more than 30 business outlets in Hong Kong and a market share of more than 5%. The return on capital is also 13%. If it were me, I wouldn't want to sell it at a low price. Shares." Xiao Qi said calmly.

"Hey! Didn't we buy it because we valued their benefits?" Yu Minwei drank his coffee and said with a sad face: "But such a high price, we can't negotiate! If you really paid so much, go back Afterwards, the old president can beat me to the ground."

"Want to hear my suggestion?" Xiao Qi smiled.

"Of course!" Yu Minwei suddenly lifted his spirits. "Qi Shao, do you have a good idea?"

"It's too late." Xiao Qi said indifferently: "Let's let them hang out, and we'll talk about it next month. If it doesn't work, let's hang out again."

"Uh... this won't be a joke, right?" Yu Minwei disagreed a little, "Our family is not the only one staring at this piece of fat."

"But you are the only one who can offer a high price." Xiao Qi shrugged. "Foreign banks are notoriously cautious when it comes to acquisitions. The shares held by Wu's family are at most about 15 billion. They shouted a sky-high price of 30 billion. Which fool is willing to take over? Except for the banks in Huaguo. Which bank does not consider profitability? Problem? A high price means that there will be no profit for a few years, who of them can bear it?"

Being so slightly mocked by Xiao Qi. Yu Minwei became embarrassed.

But he couldn't get angry, not to mention the fact that it was like this, even Xiao Qi's identity made him hold back his anger.

"Don't worry, I estimate that you can reach an agreement at around 18 billion." After he spoke seriously, Xiao Qi began to wake him up again, "President Yu, don't forget that the stock market has plummeted in the past two days. Seeing that the subprime mortgage crisis is spreading all over the world, it is time to suppress the stock price, why are you rushing to join in so quickly?"

"Ah?! That's right!!" [

A flash of lightning flashed in Yu Minwei's mind, and he suddenly realized that he patted his thigh and was pleasantly surprised.

Xiao Qi came to Hong Kong on the 14th yesterday.

Yesterday, the United States, Japan, and the European Central Bank all announced large-scale bailouts, but in the afternoon, Wal-Mart and other dozens of well-known European and American super-large groups announced that they had suffered huge losses due to their involvement in subprime mortgage bonds.

As a result, the 72 billion US dollars just injected by various countries immediately disappeared like a small drop of water, and the US stock market fell to its lowest point in the past eight months.

Coupled with the clamor of the Chinese "government"'s anti-dumping and anti-competition investigations and unfair competition investigations against EU countries, European stock markets also collapsed following the US's failure, with an average drop of more than 3%.

Because of the time difference, the Asia-Pacific stock markets only started to react this morning. First, the stock markets in Japan and South Korea plummeted, followed by the stock markets in Hong Kong and Singapore. All in all, it was bleak, not much better than the United States.

Yu Minwei devoted himself to the negotiations, but completely forgot about the changes in the external environment.

Now after being reminded by Xiao Qi, I suddenly felt that it might be a good thing to let them see the drop of their stock price.

Feeling emotional, Yu Minwei looked at Xiao Qi with admiration and said, "Young Master Qi, your view of the big picture is indeed not just for bragging. I will ask you to teach me a lot in the future!"

"I don't dare to advise you, but I do have something to ask you, or we can help each other and benefit each other." Xiao Qi laughed and said surprisingly: "President Yu, what do you think of my acquisition of Guoxin Bank? "

"Uh!?"

Yu Minwei opened his mouth wide and said in disbelief, "You...what did you say?"

"I've taken a fancy to Guoxin Bank." Xiao Qi said without changing his tone, "China Merchants Bank can help me negotiate. The two banks can negotiate together. You can also suppress Wing Lung Bank and scare them, thinking that China Merchants Bank has other goals. !"

Yu Minwei fell silent, but his thoughts were spinning rapidly.

Guoxin Bank is not one of the top ten banks in Hong Kong. Its market value is only over 20 billion Hong Kong dollars. It has a total of 15 branches in Hong Kong. It is a member of the second-tier group, but because it is also a time-honored family-owned bank, its operating conditions are not bad.

If, as the entrusted party, it undertakes the negotiation with Guoxin Bank, it will definitely give Wing Lung's Wu family some illusions, which will be beneficial to suppress prices and better acquire them.

But the question is, why did Xiao Qi buy a Hong Kong-funded bank?

What the hell does he mean?

Does Fairy Company have plans to move to Hong Kong?

If that's the case, there will definitely be a huge earthquake in the domestic business community! I'm afraid no high-level executive is willing to see this scene happen!

If China Merchants Bank plays a role in fueling the flames here, it will definitely be overwhelmed! (To be continued. If you like this work, you are welcome to come to the starting point to vote and monthly pass. Your support is my biggest motivation. Mobile phone users, please go to m to read.)

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