svetikya Page 86
Page 86
"I heard HSBC wants you to return the goods early?"
Bao, the shipping magnate, called Ni Yongjun directly and asked him the question without getting to the point.
"Yes."
"I have already taken HSBC to court."
"HSBC will be waiting for the compensation then."
Ni Yongjun's calm voice came from the other end of the phone.
"Did you borrow 40 billion from HSBC last time?"
The shipping magnate didn't pay attention to whether Ni Yongjun had informed HSBC or not; he went straight to the point.
The key point is that the 40 billion yuan in advance payments are now being made.
"Yes, the last time we acquired Swire Group, we received 40 billion in loans from HSBC."
When asked by the shipping magnate, Ni Yongjun answered directly.
"So how much are you lacking now?"
"I'll make it up to you."
"You can pay me back when you earn money later."
When Bao Yung-Chun heard Ni Yong-Chun mention 40 billion, he said with a stern expression.
Because 40 billion is a lot of money.
Even if he were the world's shipping magnate, he would still have to scrape together 40 billion in cash.
"Need not."
"I have enough money."
Upon hearing this, Ni Yongjun immediately refused.
After acquiring Hong Kong Island Electric, he had HK$59 billion in his account. He repaid HK$40 billion, leaving him with HK$19 billion. (Qian Zhao)
So he has enough money.
This time, we must make HSBC talk about the pain of default and force them to pay hundreds of millions in default penalties.
Is that really enough?
"Didn't you borrow money everywhere to acquire Swire Group?"
"Even if we mortgaged 51% of Swire Group's shares to other banks, those other banks wouldn't have that much money."
When Bao Chuanwang heard Ni Yongjun say it wasn't necessary, he immediately asked anxiously.
Because HSBC would not accept any collateral from Ni Yongjun after he demanded early repayment of the goods.
Moreover, other banks simply don't have that much money to give Ni Yongjun.
"Don't worry, it's really enough."
When Ni Yongjun heard Bao Chuanwang's kind question, he confidently replied.
"Oh fine."
"If you need anything, just contact my department."
When Bao Chuanwang heard Ni Yongjun say this, he had no choice but to stop asking questions. After saying a few words, he hung up the phone.
He can understand Ni Yongjun's current mindset.
Young people are always full of youthful vigor.
Moreover, Ni Yongjun has already mortgaged 49% of Wharf Holdings' shares to him and has borrowed 30 billion from him.
Now that they're mortgaging 51% of Swire Group's shares to him, Ni Yongjun probably knows he doesn't have that much money left.
Keep in mind that this is 40 billion.
Adding the 30 billion borrowed previously, that brings the total to 70 billion in cash.
That company has that much cash flow.
That's why Ni Yongjun said the money was enough, just to save face.
Chapter 99 The shipping magnate wanted to help but was forced to return the goods early.
Seeing Ni Yongjun's kindness, Bao Chuanwang did not trouble him again.
So he thought about it and decided to convene a HSBC board meeting tomorrow.
Let the HSBC board discuss whether Shen Daban's decision is correct.
Because HSBC directly demanded early return of the goods, this would damage their reputation and require compensation.
How could HSBC do such a thing?
If things are done this way, who would dare to do business with HSBC loans?
The next morning, the shipping magnate arrived at HSBC early.
He then convened a board meeting immediately.
When the other HSBC directors saw that it was a board meeting convened by the shipping magnate, they also drove over to attend.
Because, after all, the shipping magnate was the world's shipping magnate.
It's rare for him to convene a board meeting on his own; it must be something very important.
So the other HSBC directors went into the HSBC meeting room and looked at the shipping magnate with curious eyes.
But at this moment, the shipping magnate looked grim, and he sat there solemnly.
When Shen Bi entered the conference room and saw Bao Shuping's expression, he knew what the topic of the day was.
So he calmly sat in the last seat, waiting for the shipping magnate to attack him.
After a while, the HSBC conference room was completely full.
All of HSBC's directors attended.
"Last night, I heard some news about HSBC at the ball."
"Guess what the news is?"
After all the HSBC directors were seated, the shipping magnate addressed them directly.
"what news?"
“Just tell me, magnate of the shipping company.”
After hearing what the shipping magnate said, all the HSBC directors whispered among themselves, but none of them heard anything, so they asked the shipping magnate directly.
"Shen Bi, please speak."
When the shipping magnate heard all the HSBC directors asking him questions, he directly retorted by asking Sir Michael Sandberg a question in return.
When Shen Bi heard Bao Shuaiwang's question, he ignored it and sat there silently.
087
"The news is that HSBC has defaulted on its contract and is asking customers to return the goods in advance."
"Shen Bi, don't you agree?"
Seeing that Shen Bi remained silent, Bao Shuai asked him again.
"Boss Shen, is what the shipping magnate Bao said true?"
One of the HSBC directors, after hearing what the shipping magnate said, directly asked Sir Michael Sandberg about it.
Upon hearing this, Shen Bi remained seated, silent and withdrawn.
“Ni Yongjun was told by HSBC that he had to repay 40 billion yuan in advance.”
"He has already taken HSBC to court."
"Moreover, the court will definitely rule against HSBC, so HSBC will eventually have to pay hundreds of millions in breach of contract damages."
Seeing that Shen Bi remained silent no matter what, Bao Chuanwang went straight to the point.
"what?"
"You'll have to pay hundreds of millions in breach of contract damages?"
"What kind of boss are you, Sir Michael Sandberg?"
"Do you still want to work here? If not, just resign."
Upon hearing this, all the HSBC directors pointed at Sir Michael Sandberg and began to curse him.
Now they understood why Shen Bi hadn't offered an explanation.
Because Shen Bi did something very foolish.
This incident has damaged HSBC's reputation and forced it to pay compensation.
Therefore, they were very dissatisfied with why Shen Bi did this.
Seeing everyone criticizing him, Shen Bi smiled bitterly, no longer wanting to explain.
He picked up a pen and wrote directly on a piece of white paper:
“It was Audrey Swire and Governor Murray MacLehose who told me to do this, saying that British money could not be lent to yellow-skinned monkeys to acquire British companies.”
"HSBC's losses will be covered by the Swire family."
After writing it down, Sir Michael Sandberg pushed the blank sheet of paper directly to the HSBC director next to him.
Upon seeing this, the HSBC director's angry face turned into a silent one.
He now understood why Shen Bi had stopped talking.
So he simply passed the blank sheet of paper to the next HSBC director.
After all the HSBC directors had read the contents of the blank sheet of paper, the previously noisy meeting room became quiet.
The shipping magnate looked at the silent HSBC board members with a wry smile; he knew the outcome was unchangeable.
But he was not giving up; he wanted to see the HSBC board members vote with his own eyes.
"Now, let's raise our hands to indicate that we agree with this decision."
As soon as the shipping magnate finished speaking, all the foreign directors raised their right hands.
"Okay, meeting adjourned."
Upon seeing this, the shipping magnate also ended the meeting in a state of disheartened disillusionment.
He gave up hope, because Hong Kong Island was still controlled by the British.
So, could HSBC resist Governor Murray MacLehose's decision?
Furthermore, all of HSBC's losses were covered by the Swire family, one of the most prominent families in Great Britain.
So what reason does HSBC have to object?
Is a loss of reputation really that serious?
It's important to know that there's only one bank on Hong Kong Island, and that's HSBC.
Other smaller banks simply cannot grow large in Hong Kong Island.
Because Hong Kong Island was controlled by British foreigners.
So the shipping magnate stopped arguing and ended the meeting directly, because the outcome was truly decided.
It's simply not something that a Chinese businessman like him can change.
...
Ni Yongjun was leisurely sitting on the sofa in the Ni family villa, watching TV with Hai'er.
He was not in a hurry to convene the shareholders' meeting of Hong Kong Island Electric.
Because he overheard what Zaster, the chairman of Hong Kong Island Lighting, had said.
Some say he defeated Ni Yongjun, while others say Ni Yongjun cut his losses and left the stage.