Rebirth of Hong Kong 1981

"..."

When everyone heard Yang Chen's suggestion, they looked at each other for a while, "Permanent Honorary Chairman", whether this title is important or not.

However, when He Shanheng heard Yang Chen's proposal, he couldn't help being moved. Although the permanent honorary chairman was only in name, he also recognized He Shanheng's contribution to Hang Seng Bank.

Winning fame before and after life is like that of the ancients, and he Shanheng is not immune to the vulgarity.

Seeing that everyone was silent, Yang Chen grinned and said, "Dear shareholders and representatives, I don't know what my proposal is. Do you agree or disagree?"

When Yang Chen was speaking, he deliberately glanced at the representative of HSBC Bank.

Seeing this, the representative of HSBC Bank said without waiting for other shareholders to speak, "I support Yang Sheng's proposal."

A representative of HSBC Bank started it, and everyone was no longer silent, and they all agreed.

And He Shanheng didn't interrupt from the beginning to the end, and even He Min and Li Guowei beside him were silent.

Although the two knew that once He Shanheng took over the title of honorary chairman, he would have to give up the position of chairman, but He Shanheng didn't speak, so how could they stop it.

Whether it is He Shanheng, He Ning, or Li Guowei, he knows very well that the position of chairman of Hang Seng Bank cannot be kept today no matter what.

Since Yang Chen didn't meet with He Shanheng privately beforehand, the other party is obviously determined to win the position of chairman.

In this way, even if they intend to stop it, it will be of no use at all, because Yang Chen holds 50.00% of Hang Seng Bank's shares, and he has the right to make all decisions of Hang Seng Bank.

Chapter 537 Financing and Share Expansion

After passing the first proposal, Yang Chen spoke again: "The Hang Seng Index plummeted, causing market turmoil, and the Hang Seng stock price also fell accordingly. Everyone can guess what will happen next.

In order to prevent Hang Seng from repeating the same mistakes again, I propose that all directors and shareholders present, for internal financing to expand shares, I personally invest 20 billion first, and you can contribute as much as you want. "

"boom…"

As soon as Yang Chen finished speaking, the entire conference room erupted immediately, and there were many discussions. No one thought that Yang Chen would raise billions of dollars to expand shares as soon as he opened his mouth.

You must know that the market value of Hang Seng Bank is only about 30 billion at this time, and now Yang Chen will raise funds and expand shares by 30 billion as soon as he makes a move, which is really beyond everyone's expectations.

If you want to say against it, but what the other party said is indeed reasonable. The Hang Seng Index plummeted. If you want to say that the hardest hit, apart from the listed companies, the rest are the banks.

In this case, the loan cannot be recovered, and the company has to continue to borrow money to tide over the difficulties of a number of cooperative companies. If it is not borrowed, once those companies cannot survive and go bankrupt overnight, it will be bad.

It doesn't matter if it's one or two, but the worst thing is that a lot of people have an accident, then it's really over.

In particular, Hang Seng Bank, which serves small and medium-sized enterprises, is particularly vulnerable in the face of the stock market crash. If there is a little carelessness, Hang Seng Bank will follow suit.

Although He Shanheng, who was sitting at the top, knew what Yang Chen was planning, he had to say that Yang Chen's move left no one with anything to say.

After all, the lessons of the [-] banking crisis were too profound for anyone to forget.

During the banking crisis in [-], Hang Seng changed owners overnight. After a lot of hard work by He Shanheng and others, they all made wedding dresses for HSBC.

In fact, when Hang Seng Bank suffered a run at the beginning, it was completely implicated and suffered a disaster, and some people even deliberately did it behind the scenes.

According to the government's regulations, the cash-out rate of each bank needs to reach 20.00%[-]. As long as the bank's cash-out rate reaches this standard, the so-called run will basically not occur.

During the banking crisis in 30.00, the cash rate of Hang Seng Bank exceeded [-]%, which was higher than the government's regulations.

The Chinese have always liked to do things at every step, and He Shanheng and others did not take any risky actions in running the Hang Seng Bank. After all, in this place where there are many foreign companies, Hang Seng Bank is too dazzling, and it is inevitable that people will miss it.

There is always nothing wrong with being careful.

However, just like that, Hang Seng Bank still cannot escape the fate of being acquired.

In the banking crisis of [-], what happened to Hang Seng Bank was just one, a 'run'.A large amount of deposits were lost in a short period of time, causing Hang Seng Bank to be unable to open its capital for a while.

Of the total deposit of 4 million yuan, more than 2 million yuan was loaned out, and more than [-] million yuan was left in cash to avoid capital breakdown.

Everything makes sense, after all, if banks want to give interest to depositors, they must lend their money out to earn higher interest from the company.

It was just that when the banking crisis broke out, everyone clamored to withdraw money. Hang Seng Bank couldn't withdraw so much money for depositors for a while, so the problem broke out.

Selling shares at a low price to gain support from HSBC became the best choice for Hang Seng Bank to tide over the difficulties at that time.

If Hang Seng has always been supported by HSBC, there is no need to be afraid of a banking crisis. As Hong Kong's "quasi-central bank", in everyone's opinion, the most important thing it needs is money.

However, it is different now. Hang Seng has changed ownership again. HSBC is no longer the major shareholder of Hang Seng Bank. Once the banking crisis breaks out again, it is difficult to say whether Hang Seng can survive it.

As the saying goes, 'With food in hand, don't panic. '

Yang Chen proposed to raise funds to expand shares. It's really hard for everyone to say anything, but everyone has careful thoughts.

Now that the Hang Seng Index has plummeted, they are more or less affected. It is not so easy to raise enough money in a short period of time.

"Of course, if you don't want to, I won't force you. If anyone is willing to sell their stocks, I'm willing to buy them at the current Hang Seng stock price.

Here I would like to remind everyone that starting today, as a major shareholder, I have decided that Hang Seng Bank will not distribute a penny of dividends to shareholders from now on.

That is to say, in the future, the stocks of Hang Seng Bank in your hands can only be traded, and you will no longer enjoy a penny dividend, including 50.00% of Hang Seng shares in my hands. "

"Boom..." The entire conference room erupted again.

First, He Shanheng was promoted as the honorary chairman, then he raised funds to expand the shares, and now he wanted to cancel the dividends. Everyone was stunned by Yang Chen's series of heavy blows.

Who would want to hold such a company for a long time without distributing dividends to shareholders? Yang Chen's final decision is even more unacceptable than the previous financing expansion.

"Yang Sheng" At this time, He Shanheng who had been silent all this time finally spoke.

After He Shanheng opened his mouth, everyone felt that they had stopped discussing.

Yang Chen: "He Dong, you can just call me Ah Chen."

He Shan waved his hand sideways and said, "Sheng Yang, I have no objection to financing and stock expansion, but we don't distribute dividends to shareholders. Not to mention Xiangjiang, there is no such company in other countries."

Yang Chen shook his head and said, "Director He, I don't know if there are other companies, but what I want to talk about is Hang Seng Bank. The reason why this junior bought shares of Hang Seng Bank from HSBC Bank is not to make money blindly, but how to improve Good development is good for Hang Seng Bank.

The purpose of not distributing dividends is for the better development of Hang Seng Bank, and at the same time to find more like-minded people. Only when shareholders believe in the company can the company develop better. "

The shares of Buffett's companies in later generations are hundreds of thousands of shares, and they are still in US dollars. The reason is that they do not pay dividends. They reinvest the profits earned by the company into the company's expansion every year.

Even if the company does not expand, the money can be used as the company's working capital to ensure that the company will not be affected by lack of funds.

The method of constantly making money to make money is the best value-preserving operation.

You must know that currency will depreciate, and use the money for company expansion, so as to keep the banknotes in hand from being affected by currency depreciation to the greatest extent, and then gather more and more.

At the same time, shareholders who hold company stocks can sell their stocks to obtain funds if they are really short of money. Shareholders who are unwilling to sell their stocks can also mortgage their stocks to the bank to obtain loans.

Compared with stock dividends, the company's value-added is the most important.