The century-old family began to rise from Hong Kong Island chapter 487

The century-old family began to rise from Hong Kong Island
Chapter 487 Hong Kong Island Is A Sensation, A Century-Old Dream [Seeking Flowers! Ask For A Monthly
The acquisition of Standard Chartered Bank is not too difficult, mainly due to financial operations and strong cash support.
The Galaxy Group can already be regarded as a small consortium.
A single company, or even a billion-dollar bank, has no power to fight back against a comprehensive consortium.
A few days later, the Standard Chartered Group and other shareholders finally transferred their shares to the Galaxy Group.
The Galaxy Group has already gained control of Standard Chartered Bank, and it doesn’t make sense for them to keep the shares.
It is even possible to be tricked by the Galaxy Group, resulting in shrinkage of assets and depreciation of shares.
In desperation, it is better to sell all of them to the Yinhe Group and use the cash to do other business.
From then on, Standard Chartered Bank, an international bank with a history of more than 100 years, will completely belong to Galaxy Group.
And become the core of Galaxy Group’s financial business in the future, with a very important position.
In the office of the president of Standard Chartered Bank, Su Shaoze said to Chen Zhiming: “I will return to Hong Kong Island in a few days, and London will be handed over to you.”
“Don’t worry, chairman!” Chen Zhiming nodded.
Now that he has become the president of Standard Chartered Bank, he must stay in Japan for a short time.
It is inevitable that Standard Chartered Bank will experience a period of turbulence in the future.
After all, I just changed to a new owner, so the people below will definitely feel very uncomfortable.
Moreover, this new owner also changed the blood of the senior management of Standard Chartered, dismissed some of the senior backbone of the Standard Chartered Group, and replaced them with people from the Galaxy Group.
So the people below must also feel that everyone is in danger.
And Chen Zhiming’s next step is to stabilize people’s hearts as soon as possible before continuing to carry out business.
“I don’t worry about your work.” Su Shaoze nodded slightly.
During his tenure as the president of Wing Lung Bank, Chen Zhiming showed extraordinary working ability and made contributions that are obvious to all. Chen Zhiming is indispensable for the development of Wing Lung Bank to where it is today.
Therefore, Su Shaoze will not hesitate to let him be the president of Standard Chartered Bank.
“When you take over as chairman of Standard Chartered, you have four things to do.”
“The first is to stabilize people’s hearts, replace the management with our people, and slowly adjust the people below, but don’t worry, take your time, try not to cause big fluctuations as much as possible, and focus on stability.”
“Then, prepare for the delisting of Standard Chartered Bank!” Su Shaoze said in a calm voice.
This matter was decided long ago within the group.
Stock delisting is often forced to delist due to low face value, insufficient share capital, insufficient number of shareholders, too low stock price, fraud, etc.
This time Standard Chartered Bank is going to take the initiative to apply for delisting, settle the stock price on the day, and return all shareholders’ funds. From then on, Standard Chartered Bank will no longer be a listed company.
Why did Su Shaoze let Standard Chartered Bank take the initiative to delist?
It’s very simple. Generally speaking, the advantages of a company’s listing far outweigh the disadvantages, but it also depends on the situation.
Galaxy Group already holds more than 95% of the equity of Standard Chartered Bank. After delisting, Standard Chartered Bank will completely belong to Galaxy Group.
Own 100% equity!
The reason why the company goes public is to make money. Su Shaoze feels that there are many companies that can make money under his name, so there is no need to use the important Standard Chartered Bank to go public.
This is the core industry of Galaxy Group.
Moreover, delisting has other advantages. After delisting, there is no need to publish financial reports, which facilitates many operations and prevents the capital flow of the Galaxy Group from being constantly monitored.
The third is the merger of Wing Lung Bank and Standard Chartered Bank, and the last is the expansion of the United States. ”
Both of these things are very important. The merger of the two banks means reducing the waste of resources and concentrating the power to the greatest extent.
Wing Lung Bank will basically be merged into Standard Chartered Bank, except for the Maoziguo branch.
After all, Maoziguo’s side is very important, and the layout has been there for several years, so it cannot be easily changed.
As for the United States, it is related to the plan of the Galaxy Group one year later, how much profit the Galaxy Group can make in that tragic stock market crash.
Su Shaoze discussed the development plan of Standard Chartered Bank with Chen Zhiming.
And on the second day after Galaxy Group completed the acquisition of Standard Chartered Bank, this incident was reported back to Hong Kong Island, which directly caused a great sensation.
This morning, Hong Kong Island’s most authoritative Economic Daily reported the news first.
You must know that [Economic Daily] is a newspaper under Su’s Media, and it is normal for them to be the first to get the news.
“This newspaper reports that at 21:00 Hong Kong Island time on March 9, Galaxy Group officially completed the acquisition of Standard Chartered Bank.”
‘..Mr. Su Shaoze, chairman of Galaxy Group, took office as chairman of the board of directors of Standard Chartered Bank.
“Mr. Chen Zhiming, former president of Wing Lung Bank, assumed the post of president of Standard Chartered Bank.
[Economic Daily] First reported the news that Standard Chartered Group was acquired by Galaxy Group, and then introduced the entire acquisition process.
The Galaxy Group completed the acquisition in less than a month with a crushing and strong attitude, and the Standard Chartered Group had no power to fight back.
As soon as the news came out, one stone immediately stirred up waves, which attracted the attention and shock of countless people.
It would not be worth it for the people of Hong Kong Island to change to another company, but this time Galaxy Group bought Standard Chartered Bank!
You must know that Standard Chartered Bank is different from ordinary banks. Since 1912, Hong Kong Island has only two note-issuing banks, HSBC and Standard Chartered Bank.
This pattern has remained unchanged for more than 70 years.
HSBC and Standard Chartered Bank with a British capital background (Li Zhao) are also one of the symbols of Japanese colonial rule on Hong Kong Island.
These two banks have a high status and great influence in the hearts of the people on Hong Kong Island.
But now such a bank has been acquired by the Galaxy Group, and the sensation caused can be imagined.
The influence of the Galaxy Group has reached a new level again, and it has already left far behind other chaebols in Hong Kong Island.
Su Shaoze’s personal popularity reached a peak at this moment.
Su Shaoze himself is the richest man in Hong Kong Island and the head of the Hong Kong Island consortium. Although Su Shaoze usually keeps a low profile, at this moment, countless people in Hong Kong Island regard Su Shaoze as the pride of Hong Kong Island.
He accomplished what countless Chinese predecessors could not do in the past hundred years.
Standard Chartered Bank, an international bank with great influence in the world, will truly belong to Hong Kong Island from this moment on!.