Chapter 858: Jiale Real Estate's Listing (Two in One)
After reporting to Malaya, Notting was not idle while waiting for a reply.
Notting continued to prevent Jiale Real Estate from going public according to the original plan.
It is still unknown what the attitude of Malaya is now, and the negotiations with the British capital represented by HSBC are only in progress. Therefore, before making a final decision, Jiale Real Estate must not be listed.
Once Jiale Real Estate is listed, HSBC and other capitals will be less constrained, and no one knows whether they will change their plans and no longer compromise.
Therefore, in order to protect the interests of Yu Ming Finance and even Malaya Financial, Jiale Real Estate must not be listed easily. Otherwise, once Jiale Real Estate is listed, HSBC and other British capital will change their attitude and no longer be willing to compromise, and the loss of Malaya Financial will be too great.
Notting's activities did cause a lot of trouble for HSBC and others. The SFC's attitude on whether to let Jiale Real Estate go public was somewhat ambiguous, and it was obvious that they did not want to cause trouble.
Shen Zhou and others knew that they had to deal with Malaya Financial represented by Notting, otherwise it would be difficult for Jiale Real Estate to go public. Now the SFC has this attitude, not to mention the Hong Kong government.
Therefore, Shen Zhou and Notting continued to contact each other, but Notting's reply was to wait for instructions from Malaya, and at the same time asked Jiale Real Estate to temporarily stop listing.
But this would not be in the interests of Shen Zhou and others.
The interests of both parties were different, so naturally they could not reach an agreement.
That is, both sides had the idea of talking, so they did not tear each other apart and left room for maneuver.
On the weekend before Jiale Real Estate was listed, that is, on Saturday, Malaya finally gave instructions.
Malayan Banking also knew that what they had to do now was to reduce losses. With the strong capital of HSBC and other banks, they could only choose to cooperate, so they issued instructions for negotiations, but they asked to obtain more Jiale Real Estate shares, the better, but at least not less than 20%, which was the bottom line. Although compared with the huge loan lent by Yu Ming Finance, 20% of Jiale Real Estate's shares were nothing, but it was better to get back a little bit than not getting a penny back.
With the above instructions, Notting knew what to do.
Since they want to obtain the shares of Jiale Real Estate, it is not a bad thing for Malayan Financial to list Jiale Real Estate as soon as possible. Therefore, Notting contacted Shen Zhou on the same day, suggesting that they could talk again.
Shen Zhou naturally agreed happily. It is a good thing to be able to negotiate.
In this negotiation, both parties have bottom lines, and the difference is not big. In addition, both parties are willing to negotiate, so this negotiation has a direct result.
Malayan Financial represented by Notting obtained 22% of Jiale Real Estate shares. The price is that all the loans previously given by Yu Ming Finance to Jianing Group are counted on Jianing Group. Jiale Real Estate itself does not owe Yu Ming Finance a penny.
Although it has obtained 22% of the shares, Notting said that Malayan Financial will conduct an in-depth investigation on Jiale Real Estate. After confirming that there is no problem with Jiale Real Estate, he will sign the relevant documents on behalf of Malayan Financial. In the final analysis, Malayan Financial is still scared, fearing that the reorganized Jiale Real Estate will also hide problems.
Shen Zhou naturally would not object to Notting's request, but he also expressed the hope that Malayan Financial could complete the research as soon as possible so that Jiale Real Estate could be listed as soon as possible.
Although those retail investors who bought shares of Jianing Group were nothing, it was not a big deal to let them keep making trouble. No one was sure whether something more serious would happen. Therefore, it was better to let Jiale Real Estate be listed as soon as possible and create a fait accompli as soon as possible.
Since Malayan Financial became a shareholder of Jiale Real Estate, Notting would naturally think from the perspective of Jiale Real Estate, so he agreed to Shen Zhou and said that he would complete the research as soon as possible.
Tuesday, March 24.
Jiale Real Estate, which was supposed to be listed on Monday, was temporarily suspended because Malayan Financial conducted a research on Jiale Real Estate and HSBC cooperated to delay the listing of Jiale Real Estate.
Today, Malayan Financial completed the research on Jiale Real Estate and determined that there was no problem with Jiale Real Estate. It traded with the British capital represented by Shen Zhou and obtained 22% of Jiale Real Estate shares, officially becoming a shareholder of Jiale Real Estate.
After the transaction was completed, Jiale Real Estate announced the listing date, which was Thursday, March 26.
The earlier the listing, the earlier the shareholders of Jiale Real Estate can rest assured.
As for the boycott lawsuits by small retail investors who bought the shares of Jianing Group, they will naturally drag it out slowly, and it will be easy to end it, or wait for Jiale Real Estate to develop and take out some money to compensate the small retail investors, which is considered compensation.
It is because HSBC and British capital have suffered too much loss in Jianing Group, so they have to do this, sacrificing some reputation of each company.
Lin Baicheng knew about the transaction between Malayan Financial and HSBC and other capital the next day, because this matter was exposed by someone and directly reported in the newspaper.
In theory, this is an internal transaction between HSBC and other British capital and Malayan Financial, and only their own people know about it. No outsiders know about this matter, and it is impossible to be exposed, but the reality is so incredible that it was exposed by someone.
As a result, Malayan Financial was also criticized. The transactions between Malayan Financial and British companies such as HSBC protected their own interests and did not stand with the small retail investors of the Carrian Group. In their view, this was a betrayal and harmed their interests. It would be strange if Malayan Financial was not criticized.
HSBC and other British companies did not suffer a good fate, but they were criticized in the first place. Too many lice will not itch.
It's just that HSBC and others compromised on international capital like Malaya and ignored small retail investors. This made many people dissatisfied. They organized a demonstration and then went to a sit-in in front of the Hong Kong government to demand that the Hong Kong government provide for ordinary investors like them. Justice.
This is not ten years ago. If it were that time, the four major detectives would go out and lead the gangs to beat these sit-ins away.
It is different now. This situation cannot happen, and the matter is so big, the Hong Kong government is also under great pressure and must give an explanation to the outside world.
When something like this happens, the person most dissatisfied is of course the Governor of Hong Kong, MacLehose. The matter has nothing to do with him at all, but now a large number of people are sitting in front of the Hong Kong government. If he is not handled well, it will definitely affect his reputation and political performance.
Therefore, faced with this situation, Maliho immediately asked his secretary to contact Shen Zhou and others from HSBC and called them to the Hong Kong government.
"Guys, now you know the situation outside. You are the cause of this matter. You must handle it for me, otherwise don't blame me for following public opinion."
Jiale Real Estate was reorganized from the Jiali Group and listed on the market. MacLehose has no interest in it. Therefore, when necessary, he will definitely not choose to side with HSBC and other British capital, but will side with public opinion.
"Sir, I hope you can help us this time. We will never forget Jazz's help and will repay you."
Shi Yadi Shihuai said, if there is help from the Hong Kong Governor MacLehose, then this matter will be much easier to handle.
"This matter is too big and I must deal with it impartially."
Mailihao immediately shook his head. He didn't want to wade into this muddy water. The little reward that British capital could give him couldn't tempt him at all.
Seeing this, Shen Zong said: "Sir, can you ask the Royal Police to help us maintain order to avoid chaos?"
"Can."
Mailihao nodded slightly and then reminded: "The Royal Police can only help you maintain order. Don't let the Royal Police violently expel the sit-in people."
"Don't worry, Sir, we won't mess around."
Shen Chu agreed with a smile, and then said: "Sir, as long as we stabilize those people, can Jiale Real Estate's listing be carried out as usual?"
"this"
Mailihao hesitated when he heard this.
Upon seeing this, Henry Kasik said: "Sir, our families have suffered a lot from Jiale Real Estate this time, and we must make up some of it through Jiale Real Estate. Sir, let Jiale Real Estate go public and let Jiale Real Estate go public as usual. Our family will definitely remember this favor.”
Shi Yadi Shihuaiya said: "Sir, Xiangjiang should belong to us British people. You don't want to see us suffer heavy losses and have to withdraw from Xiangjiang in the end, right?"
"You guys are the leaders of Xiangjiang enterprises. Even if you face a little loss, you won't fall down so easily."
MacLehose couldn't help shaking his head, but he said that, but he still said: "As long as you promise that those people will not come to the Hong Kong government to sit in, and will not cause big troubles, I can turn a blind eye. But the same thing, If another accident occurs, don't blame me for acting for the people and harming your interests to compensate for the interests of other small shareholders. "
"Don't worry Sir, this kind of thing will never happen again."
Shen Porridge immediately promised and said: "Thank you Sir for your help. I am very grateful."
"Thank you Sir."
Several others also expressed their gratitude to Mailihao.
"Before thanking me, deal with the matter in front of you first."
As he spoke, MacLehose pointed out the window, alluding to the people sitting in sit-in outside the Hong Kong Government House.
"Please rest assured, Sir."
Before Shen Zhou and others left, he asked Mai Lihao to contact the Commissioner of Police and ask the other party to send some royal police to the Hong Kong government.
After the Royal Police arrived, Shen Zhou and others first asked the Royal Police to surround the sit-in people and give them a showdown.
Then, show up before the accident and guarantee in the name of each company that they will be compensated, but they must also be prepared to suffer losses, because the current situation of Jianing Group is all to blame on Chen Songqing, and so are their families. victim.
On the one hand, there was the threat of being surrounded by the Royal Police, and on the other hand, there was the promise of compensation. Although some people were still unwilling to give in, most people still chose to leave.
Although some of the remaining people were unwilling to do so, they had no choice but to leave.
After these people dispersed, Shi Yadi Shihuaiya couldn't help but said: "Taipan, do we really want to compensate them?"
Shen Porridge nodded solemnly: "Of course, since you have made a promise, you must fulfill it."
"I'm afraid that people's hearts are not enough, and the compensation is too little, so they may not be satisfied."
Henry Caesar couldn't help but frown. As for taking out more to compensate, that would definitely be impossible. If that were the case, it would be meaningless for them to reorganize Jiale Real Estate.
In order to stabilize the international capital of Malayan Finance, they have given up 22% of their shares. They also gave 20% of Jiale Real Estate shares to small shareholders before. Now the remaining shares of them combined are worth more than half. If If they give up more shares, then their efforts will be in vain this time.
"It's their business to dislike Shao Shao. Anyway, we have already compensated them and fulfilled our promise to them."
Shen Porridge snorted coldly: "If they are not satisfied, then don't blame us for being rude. Although the era of the four detectives has passed, there are still people who do such dirty things."
"Taipan means"
Henry Kaesik mused thoughtfully, those white-glove gangsters were not the best people to handle this kind of thing.
"It's good to know."
Shen Porridge said, there are some things that can be done but not spoken, as speaking out will affect your reputation.
The next day, HSBC and other British companies compensated those who caused trouble yesterday. Some people were bribed and received more compensation, but the vast majority of people received very little compensation, which was only symbolic.
The purpose of doing this is to bribe some people and divide them so that they can no longer cause trouble, or to delay the time of trouble.
As a result, people who received less compensation were of course not happy, but those who secretly received sufficient compensation had the opposite attitude. Some timid people were persuaded and were unwilling to cause trouble anymore, so a split occurred.
In this way, HSBC and others have achieved their goal. Although many people will definitely not be willing to give in, as long as there is no trouble immediately, it will not be too late to wait for Jiale Real Estate to go public and deal with it slowly.
March 26th arrived as scheduled.
When Jiale Real Estate was listed, HSBC and other British capitals as well as Malayan Finance each raised a portion of their funds in proportion to their shareholdings and raised HK$100 million to maintain the share price of Jiale Real Estate and to prevent no one from buying the stock price today or being sold out. Malicious short selling.
For Jiale Real Estate, HSBC and others have high hopes. They are looking forward to making up for some losses from Jiale Real Estate, so nothing can happen to the share price of Jiale Real Estate.
After the stock market opens.
Jiale Real Estate's stock was traded, but the volume was not large, and the rise and fall were not large. It was obvious that funds were testing the market, and not many funds were willing to enter the stock.
Seeing this, HSBC and other capital funds used part of their funds to raise the stock price and attract funds to enter the market.
Although Jiale Real Estate was spun off and reorganized from Jiale Real Estate Group and has some relationship with Jiale Real Estate Group, Jiale Real Estate is a high-quality asset, so funds gradually began to enter the market to buy Jiale Real Estate shares.
Jiale Real Estate's stock trading became active.
At the close of the day, Jiale Real Estate, which was listed with a total market value of HK$450 million at HK$3 per share, rose 22% to close at HK$3.66, with a total market value of HK$549 million.
Although today's trading volume is not very large, the results are good. The increase on the first day of listing is not low, and the market value is nearly 550 million Hong Kong dollars. It should not be difficult to exceed the market value of 600 million Hong Kong dollars in the future, and even higher market value can be expected.
For capital such as HSBC, as long as the share price of Jiale Real Estate does not collapse, their goal will be achieved.