Chapter 41: Holding Two Small and Medium-Sized Banks



Bao Junyi thought for a moment before saying, "Since we're short of staff, we can hire retired special forces from various countries with high salaries, such as the SAS, Delta Force, and Alpha Force. Or we can use a headhunting company to poach people from security companies with high salaries."

"As for the name of the mercenaries, it's called the 'Umbrella' Mercenary Group. We'll be formed with this group of brothers as the core, and then we'll recruit some local armed forces from outside. At the same time, we'll use this money to purchase some better weapons. So, you have to choose carefully among the people going this time."

"These brothers are the backbone of the Umbrella Mercenaries you formed in the past. Select them carefully."

"In addition, you went to Africa and bought some heavy weapons on the black market to prevent local armed conflicts."

Wang Gang said gratefully, "Boss, I understand."

"Well, your pay grade will also be increased. We will recruit good personnel and train them for a period of time before sending them out to take on missions. Your lives are the most important. Losing anything else doesn't matter. Do you understand?"

"Boss, I promise to get it done."

Wang Gang was very grateful. After retiring, he worked as a mercenary abroad for a period of time. At that time, no one cared about his life, there was little cooperation and training, and he had to bring his own equipment. He would get money if he completed the task, and he would work for nothing if he failed.

Moreover, I almost lost my life several times while carrying out missions, but I didn’t earn as much as I do now.

"Okay then, compile the list and give it to Jia Yuezheng. I'll have him arrange for someone to go to the mainland and bring their relatives over."

"You can also take advantage of this time to resume high-intensity training and familiarize yourself with the environment. After your family members pick you up, you can set off again."

"Okay, boss."

Suddenly, Yuan Tianfan rushed in and said, "Mr. Bao, the acquisition of shares of Hang Seng Bank and Bank of East Asia is almost complete. There are not many shares left on the market. Moreover, the controlling shareholders behind the two banks have also noticed that the stock prices have been significantly increased to absorb capital. Should we announce the launch of a takeover bid?"

"How many shares have our two banks acquired now?"

"It has acquired 38.36% of Hang Seng Bank and 40.25% of Bank of East Asia."

Bao Junyi pondered for a moment and said, "Now is not the time to show our hand and launch a takeover bid. We've been making too much noise lately and have already attracted the attention of the Governor's Office. If we continue with this acquisition, they will introduce or interfere with our acquisition the next day. It may even affect the acquisitions of several other companies later."

In the 1970s, Hong Kong had not yet introduced a mechanism for raising stakes to prevent hostile takeovers. After the relevant policies were introduced, it became less easy to take over.

"Bao Sheng, what should we do now?"

"First, you should acquire the company through the primary market at a premium. At the same time, you should increase the price in the stock market to buy up as much as you can. Don't let the other two companies take up too much of the shares."

"Okay, Baosheng."

Bao Junyi continued, "Secretly contact the two responsible persons and invite them to dinner at the Peninsula Hotel tonight. Talk about a big deal."

"Also, we'll use financial channels, including Swiss banks, to transfer $2 billion to a US fund. We must uncover any traces and prevent anyone from discovering that the funds are ours."

"Okay, I'll arrange it right away."

......

night.

A private room at the Peninsula Hotel in Hong Kong, Central.

Bao Junyi smiled and said, "Mr. He, Mr. Li, please take a seat. The food will be here soon."

"Xiao Baosheng, it's late at night, you didn't invite us here just for dinner, did you?"

"Yes, we have been very busy these days. Unlike Xiaobao who gave birth to you, you are so glorious. You just acquired Hutchison Whampoa. I hope you will not set your sights on our two small banks again." Li Guobao said with a gloomy face.

"Seniors, why are you in such a hurry? You don't need to waste time. Sit down and chat slowly."

He Shanheng said with a bitter face: "Xiao Baosheng, if you have something to say, just say it directly. We are not in the mood to eat right now."

"Okay! Mr. He and Mr. Li have already said it, so I'll just say it directly."

"I want to acquire your bank. How much would you be willing to sell your shares for?" Bao Junyi asked seriously.

"You want to acquire our two...banks?" Li Guobao asked in surprise.

"Yes, that's why I asked you two to come out and see if we can come to an agreement."

He Shanheng was shocked and asked, "So, the person behind the acquisition of our two banks on the stock market is Xiao Baosheng?"

"Yes, I already hold more shares than the two of you. I've become the majority shareholder, though I haven't yet achieved absolute control. However, I have already acquired 38.36% of Hang Seng Bank and 40.25% of Bank of East Asia."

"As for the controlling stake, it's not far off."

The two were stunned and asked in surprise, "Didn't you just acquire Wharf Holdings? Where did you get so much money to acquire and then acquire our two banks?"

"How much money do you have?" the two said in shock.

"I can't tell you the exact amount, but I have no problem taking over both of your banks."

The two men fell silent. Now, each of them holds about 30% of the shares in their own bank, making them absolute major shareholders. Many listed companies in Hong Kong are like this. However, they did not expect that there would be an outlier like Bao Junyi. Through this method, he continued to secretly accumulate shares in the primary and secondary markets, and then directly launched a takeover offer, leaving the two men in tears.

Bao Junyi said, "Seniors, you have seen the current state of the Hong Kong and global economies. The banking industry is shrinking year after year, with bad debts and dead loans rife. Even without me, it won't be long before you too run into problems or go bankrupt."

"Besides, right now, your two banks would ignite at the slightest spark. If I spread the word that you two banks can't honor your promises, wouldn't there be a wave of exchange? With your current bank balances, you wouldn't last more than three days before going bankrupt."

"What's more, in recent years, many of the real estate loans you invested in have become bad debts, and the money cannot be recovered, causing concerns about the bank's capital turnover."

Therefore, Mr. He and Mr. Li can consider selling it to me directly at a reasonable price. I will fill this hole for you and let you get out of it safely.

He Shanheng said dissatisfiedly: "Why should we trust you, just based on your few words?"

Bao Junyi smiled and handed over a document, saying, "Inside this folder is the proof that I hold shares in two companies. You can take a look."

The two of them looked at each other, picked up the documents one by one and started to look through them. Finally, they both sat down dejectedly in their chairs.

"At what price do you plan to buy the shares from us?" Li Guobao said helplessly.

"You two hold different proportions of shares, but I am willing to pay a 50% premium for both, HK$460 million and HK$520 million respectively."

"However, this price has a condition. I need the help of the two of you before I can give it."

Both of them were surprised. The price was already very high, and it was a high premium in a bank acquisition case.

He Shanheng said, "What are the conditions? Tell me first."

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