Chapter 62: HSBC and Jardine Matheson Collusion



Henry Keswick has been active in Hong Kong for decades. At one time, Jardine Matheson was the undisputed overlord, and HSBC was not even its younger brother.

But who would have thought that things would change so dramatically over the next thirty years? In the blink of an eye, decades had passed and the HSBC, which was once not even considered a smaller bank, had gradually developed into the leader of British capital.

Especially in the Wharf incident, he assisted the Chinese shipping king in borrowing nearly 2 billion Hong Kong dollars, which eventually led to the defeat of the dominant Jardine Matheson, and the feud between the two sides became completely intense.

"Mr. Henry! The current Jardine Matheson is no longer the Jardine Matheson of a hundred years ago, and HSBC is no longer the HSBC of a hundred years ago, so your threats are ineffective against me."

There was a glint of blue in Shen Bi's eyes, and he stared straight at Henry Keswick's old face, full of confidence.

Just when Henry Keswick was about to storm out of anger, he spoke again:

"I'm giving Jardine Matheson a chance. I'm selling all of them at HK$300 per share."

"You're asking for too much. It's absolutely impossible. The maximum is HK$230 per share."

Henry Keswick wanted to curse loudly, if the acquisition price was HK$300 per share

That would require over HK$1.1 billion in funding. Remember, last year, the total market capitalization of China Gas was only around HK$3.3 billion! This is a 3-4 times increase!

"Mr. Henry! You should know the current value of China Gas Company shares. If these 11% shares were acquired by Mo Zhexuan and Li Zhaoji, Jardine Matheson would become a laughing stock in Hong Kong."

Shen Bi took a sip of tea calmly, then looked at Henry Keswick indifferently.

His bottom line was HK$250 per share, but negotiating? He always asked for a high price and then paid it back, so how could he reveal his bottom line right from the start?

"You don't have to goad me. After all the acquisitions we've made over the past few years, Jardine Matheson now holds a 28.6% stake in China Gas. Even if we take over HSBC's 11% stake, that's still only 39.6% of the shares, far from a controlling stake."

"If Mo Zhexuan buys out Li Zhaoji's shares, or if Li Zhaoji buys out Mo Zhexuan's shares, then Jardine Matheson will still be completely ruined."

"Don't be so naive as to think that the three of us have no choice but to acquire the 11% stake held by HSBC. If Mo Zhexuan and Li Zhaoji join forces, it will be impossible for you to sell it at a high price."

"My final bid is HK$240 per share. If it's acceptable, we'll have a lawyer sign the contract now. If not, I'll withdraw from the battle for China Gas and sell my shares at the same time. It's your choice!"

Henry Keswick's eyes gleamed with wisdom as he gave his analysis in a well-reasoned manner, then prepared to get up and leave the office.

"You win! Happy cooperation!" Shen Bi thought for a moment, then stood up and stretched out his right hand.

“It’s a pleasure to work with you!”

"Next I hope HSBC can cooperate with me to perform a play..." Henry Keswick immediately expressed his thoughts.

"There's an old Chinese saying: 'Old ginger is still spicy.' No problem."

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