Chapter 1051 Buy the Cabbage at the Price
Feng Jingxi took a deep breath, looked at Xia Yu, and solemnly expressed his thoughts: "Mr. Xia, after this attack, I know that banks are different from securities companies, and I am not a banker, so I hope to be able to Sell Sun Hung Kai Bank to you!"
"In addition to your 30% stake in Jiuding Bank, I now hold 46% of Sun Hung Kai Bank, and the remaining 24% is in the hands of four shareholders."
"I have already discussed with them. Sun Hung Kai Bank is now at a price of 200 million Hong Kong dollars, and I will sell the 24 percent of the shares held by the four shareholders."
"And the 46% of the shares I hold, only 5% are left, and a director seat is reserved, and the remaining 41% of the shares can also be transferred to you!"
"So you only need to pay 130 million Hong Kong dollars to get 65% of Sun Hung Kai Bank!"
"Although Sun Hung Kai Bank is facing a run-off crisis now, I believe that as long as Sun Hung Kai Bank is acquired by Jiuding Bank, the run-off crisis will be lifted automatically, and the price of HK$130 million is very cheap."
"This is the real reserve price!"
No need for Feng Jingxi to say, Xia Yu also knew that the price was definitely worth the money.
He didn't expect Feng Jingxi to be able to make up his mind to sell Sun Hung Kai Bank, which he had built with great effort, to him at such a low price.
You must know that when Sun Hung Kai Bank was still Sun Hung Kai Finance, in order to obtain a banking license and Xia Yu's help, Feng Jingxi transferred 30% of the shares to him at a price of 200 million Hong Kong dollars from Sun Hung Kai Finance.
After Sun Hung Kai Finance transformed into Sun Hung Kai Bank, its business grew by leaps and bounds. After obtaining deposits from depositors, its assets also skyrocketed, and it successfully became one of the large banks. Although the bank was not listed, its valuation easily exceeded one billion Hong Kong dollars.
Although most of the bank's assets are now tied up and have suffered a lot of losses, most of the assets still exist. As long as the broken capital chain is restored and the bank's assets are revitalized, Sun Hung Kai Bank can still operate well.
"Mr. Feng, are you sure you don't regret it?"
Hearing Xia Yu's words, Feng Jingxi sighed bitterly and said, "Mr. Xia, Sun Hung Kai Bank is like my son, if you say willing, it must be a lie, but I already know that I am not a banker. Between going out of business and changing hands, I'd rather it change hands, at least it still exists."
"And in the whole of Hong Kong, Sun Hung Kai Bank can develop best in your hands. I hope that after a hundred years, the brand of Sun Hung Kai Bank will always exist, even if it is not in the hands of my Feng family!"
Xia Yu was silent, he could tell that this was Feng Jingxi's sincere words.
However, this is not the reason why Feng Jingxi transferred Sun Hung Kai Bank to him at such a low price, there should be other purposes.
Xia Yu asked again: "Mr. Feng, Sun Hung Kai Bank said it, what about Sun Hung Kai Securities?"
Feng Jingxi took a deep breath, tried his best to calm down his fluctuating mood, and said solemnly to Xia Yu, "Sun Hung Kai Securities is my lifeblood, and I hope it can survive."
"Although the funds are now tied up and the losses are serious, the foundation is still there, and as long as there is enough funds, it can be reactivated."
"I hope you can inject capital into Sun Hung Kai Securities. In addition, Sun Hung Kai Securities now buys and holds shares in all companies. As long as you need it, you can sell it to you!"
"Other than that, I have no other conditions!"
Xia Yu was a little touched. Feng Jingxi was really heartbroken with him now, and he spread everything out, as if begging him for alms.
The conditions are also very simple and the purpose is very clear, let Xia Yu become the major shareholder of Sun Hung Kai Securities Company, and use Xia Yu's prestige to break the dilemma faced by Sun Hung Kai Securities.
At the same time, the assets were sold to Xia Yu at a low price, and the funds were released to save his life, even if the loss was serious.
Xia Yu looked at Feng Jingxi with a face of vicissitudes,
He said with emotion: "Mr. Feng, you are a strong man who broke your wrist. Very few people can do this!"
Feng Jingxi smiled bitterly.
He looked at Xia Yu and confided his heart: "Mr. Xia, I can't help it, I'm already old, I don't know how many years I can live, and you also know that I have two sons, the eldest son Yongfa is completely responsible for finance. Not interested, and now I have gone to Canada to run a newspaper."
"Fortunately, although the second son Yongxiang is only 20 years old, he also majors in financial investment and is also very interested in investment. He also has a certain talent, and I can be considered a successor."
"As a father, I have to leave something for my son."
"So when I told you just now, I didn't plan to play any tricks, and I directly stated the bottom line and the most real needs. I just hope that you can look at the friendship of our old friends, and it can be regarded as pity me. Pull me. Let me save my last face in front of my son."
"I don't want to wait for my son to succeed in his studies, but he doesn't have a platform to grow and display his abilities, and a father can't escort him."
This is a great father's love for his son!
Xia Yu's expression was moved. He remembered that Feng Yongfa, the second son of Feng Jingxi's previous life, had indeed done a lot in the capital market, but he lost the fight with Liu Luanxiong, but Feng Yongfa was still a financial tycoon in Xiangjiang.
Since Feng Jingxi's requirements are so low, and he doesn't need to spend much effort, he can still reap huge benefits.
He couldn't find a reason not to help.
Therefore, facing Feng Jingxi's expectant and anxious eyes, Xia Yu nodded and said, "Mr. Feng, I'll help you with this one."
Feng Jingxi's eyes showed a look of surprise. He suddenly stood up, bowed to Xia Yu, and said gratefully, "Mr. Xia, thank you! Thank you!"
"Hey, Mr. Feng, you don't have to do this, we just have what we need, and I have taken advantage of it a lot. You will break me with such a big gift."
Xia Yu quickly supported Feng Jingxi and persuaded him.
Feng Jingxi shook his head and said, "No, Mr. Xia, you are helping me. I know very well that if it was someone else, it is very likely that they will fall into the trap again and eat me at a lower price."
Xia Yu also knew that it was indeed possible.
But it's not interesting to continue to struggle with this, he said to Feng Jingxi: "Mr. Feng, let's go back to the topic just now, when do you need me to take action?"
Feng Jingxi said immediately: "Of course, the sooner the better, if it's convenient now, I'll go back and take the equity."
Xia Yu smiled lightly and said: "For every minute of delay, the depositors will withdraw more money. It's not too late for this matter, so now, you go back and get ready, and I will also have people ready here, and strive for the morning. Calm down the run on Sun Hung Kai Bank."
"OK!"
"Mr. Xia, then I'll go back right now and bring someone here later."
After speaking, Feng Jingxi left in a hurry.
Xia Yu immediately called Liu Tianci and Wang Qi and asked them to come over.
About half an hour later, Feng Jingxi came over with everything, including the current statement of assets and liabilities of Sun Hung Kai Securities. Obviously, considering that the details of the capital injection of Sun Hung Kai Securities have not been discussed in detail, he brought the statement to facilitate the determination of the value.
Needless to say, the Sun Hung Kai Bank transaction is a direct signing of the contract.
Jiuding Bank invested 130 million Hong Kong dollars and acquired 65% of the equity.
In addition to the 30% stake originally held, a total of 95% of the shares of Sun Hung Kai Bank are held, and the remaining 5% remains in Feng Jingxi's hands.
Then there is Sun Hung Kai Securities.
Xia Yu didn't go too far and gave a loose price.
Jiuding Securities Co., Ltd. invested 120 million Hong Kong dollars in Sun Hung Kai Securities Co., Ltd., increasing its shareholding from 10% to 30%, becoming the second largest shareholder after Feng Jingxi.
As for the acquisition of assets, Xia Yu left a detailed list of assets, and planned to arrange the acquisition of Jiuding Securities after picking it out. Feng Jingxi had no opinion.
After all the contracts were signed, Feng Jingxi completely entered the camp of Xia Yu Jiuding Consortium.
Then, Xia Yu called Yan Wenhan and asked him to send someone to join him.
Because Jiuding Bank, Jiuding Securities Company, Sun Hung Kai Bank and Sun Hung Kai Securities Company will jointly hold a press conference, the protagonists are Liu Tianci, Wang Qi and Feng Jingxi, Xia Yu does not intend to come forward.
At the press conference, Liu Tianci first announced with a high profile that Sun Hung Kai Bank has become a subsidiary of Jiuding Bank, and the risk of depositors' funds is guaranteed by Jiuding Bank.
Then Wang Qi announced the capital injection of Jiuding Securities Company into Sun Hung Kai Securities Company, and declared that Sun Hung Kai Securities Company was a securities company with great potential, which could not be destroyed by the stock market crash. He was confident that he would join hands with Feng Jingxi to make Sun Hung Kai Securities Company better .
After the whole press conference, all the reporters who came were like taking stimulants.
Immediately afterwards, the content of the press conference quickly spread throughout Hong Kong, shaking the entire Hong Kong.
Many people are shocked that Sun Hung Kai Bank has changed hands, but they are also envious of it. At least Sun Hung Kai Bank does not have to worry about bankruptcy.
That's exactly what happened.
Knowing that Sun Hung Kai Bank had become a subsidiary of Jiuding Bank, most of the bank's depositors were relieved and gave up their withdrawals one after another.
Investors who asked Sun Hung Kai Securities for their investment back and made trouble at the company's door also left one after another.
The stock god Jiuding Securities Co., Ltd. has become the major shareholder of Sun Hung Kai Securities. For the sake of its own interests, the stock god will not let Sun Hung Kai Securities Co. lose money all the time. Even if it loses now, it can definitely turn it over.
Except for the investors who were disappointed with Hong Kong and wanted to immigrate with their capital, they insisted on claiming the money back, but most of the investors went home with peace of mind.
Sun Hung Kai Securities' crisis has also eased by half. .
Feng Jingxi finally showed a relieved smile, grateful for his wise move...
ps: The first update is delivered. I didn’t finish writing it until after three o’clock last night. I will update it in the morning. Please recommend a monthly ticket!