Chapter 1191
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In the end, Pu Weishi, the head of Huifeng Bank who didn't dare to explode on the spot, sent away Sir Gao's spokesperson Li Guobao, and immediately left for the UK to have a final discussion with the real shareholders of Huifeng Bank.
At present, among this group of ghosts, most of the business forces in Scotland are present. As for the performance of influence in the British political arena, they are nothing more than members of parliament, and members of the Privy Council, which are unique to the UK.
The results of the emergency meeting reflected a characteristic of this ghost group, that is, there is still contempt for the current power structure in Xiangjiang; accordingly, Huifeng Bank was relocated from Xiangjiang to London, and acquired A bank of sufficient weight, at this time, it is the Midland Bank, and it is regarded as an extremely difficult and tough battle.
Although Huifeng Bank has five people and six people in Xiangjiang, but in the UK, there are no privileges to speak of.
Take the last step of the "three-legged stool" internationalization strategy plan for the acquisition of Midland Bank. The "acquisition" is just for the convenience of writing. In fact, Midland Bank and Huifeng Bank are currently in the same position. When it comes to the step of integration, it is more accurate to use the word "merger", and Huifeng Bank must provide enough real money to manage the ups and downs of Midland Bank comfortably. For example, two large Whether it is a company merger or an acquisition, if there are programs such as layoffs that are necessary in the future, if there is any, it will definitely form a resistance that cannot be ignored.
Moreover, regarding the flirting between Huifeng Bank and Midland Bank, there are not no British local banks that want to intervene. In comparison, its acquisition or merger of Midland Bank is really better than Huifeng Bank. and advantages.
In addition, Midland Bank is one of the four major clearing banks in the UK. The acquisitions and mergers involved in it have at least an anti-monopoly hurdle on the government side, and various interest groups have to intrigue against each other.
To put it bluntly, it is quite difficult for "country people" to "settle down" in the city. The British shareholders of Huifeng Bank, who have real power, are facing the "involvement" between the ghosts in the British mainland. , I don't think the Hong Kong Financial Management Bureau can stop Huifeng Bank from leaving Hong Kong's firm footsteps.
Now that Huifeng Bank has relocated to London, there is a problem similar to "which came first, the chicken or the egg", that is, Huifeng Bank will become an ordinary company, and in the process, it cannot be lost because of the loss of privilege protection. And be eaten by other forces.
More than a hundred years ago, when Huifeng Bank was founded, the "Huifeng Regulations" that it followed came into being. The content included that the headquarters should be located in Hong Kong, and major changes should be passed through the Legislative Council of the Hong Kong Government. In exchange for the support of the Hong Kong government's current account at Huifeng Bank, Huifeng Bank's becoming a quasi-central bank in Hong Kong, and the privilege of holding no more than 1% of the shares to ensure control, etc.
Huifeng Bank's relocation to London must not be so special anymore, and it must abide by the general company law.
Last year, Huifeng Bank completed the revision of the company's articles of association and abandoned the "Huifeng Regulations", but still retained the amulet that the shareholding should not exceed one percent.
After completing the step of amending the company's articles of association, the next step is to rebuild the company's structure. As a result, it is stuck at the level of the Hong Kong Financial Management Authority. , there may be risks.
The powerful shareholders of Huifeng Bank feel that since the Xiangjiang Financial Management Bureau is ignorant, then Huifeng Bank will forcibly break into it. It has enjoyed privileges in Xiangjiang for more than 100 years. Shouldn't it be "exempted"?
Pu Weishi has concerns in his heart, but he can't think of any other solution. Now that the powerful shareholders of Huifeng Bank have made a decision, he should do it. In case of failure, he has his own reasons.
Before leaving the UK, Provis specifically reminded that although Huifeng Bank currently holds 14.9% of the shares of Midland Bank, Gao Yi took advantage of the global stock market crash on Black Monday in 1987 to also buy About 10% of the shares of Midland Bank, and then Huifeng Bank's acquisition of Midland Bank, there is a threat that cannot be ignored.
...
After returning to Xiangjiang, Pu Weishi hurriedly found Ge Lai, the vice chairman of the board of directors of Huifeng Bank, and asked him what happened to the Hong Kong Financial Management Bureau in the past few days after he left.
Ge Lai shook his head. The Hong Kong Financial Management Authority still didn't let go. I continued to find someone to mediate, and it was still a cliché like Xiangjiang systemically important financial institutions.
"We can't afford it." Pu Weishi sighed softly, "Let's directly announce the company's restructuring plan to the outside world, and break through this hurdle!"
Ge Lai basically belongs to the hardliners, so naturally he has no objection.
Ever since, Huifeng Bank officially announced that after completing the revision of the company's articles of association, the group structure will be reorganized. The main contents of the plan include:
A subsidiary in London will be upgraded to the holding company of the entire group, called Huifeng Holdings Co., Ltd., which holds all of Huifeng's assets around the world, including Xiangjiang.
Obviously, Huifeng Holdings Limited is a company registered in London.
The shares issued by Huifeng Bank are all transferred to the name of Huifeng Holding Co., Ltd.; the shareholders of Huifeng Bank become the shareholders of Huifeng Holding Co., Ltd.;
Huifeng Bank became a wholly-owned subsidiary of Huifeng Holdings Limited; Huifeng Holdings Limited replaced Huifeng Bank's listing status on the Hong Kong Stock Exchange.
...
As soon as the news came out, the most professional capital market naturally understood almost all the content behind it. The Xiangjiang stock market fell in response.
After the Xiangjiang stock market fell, it was the media's turn to shout. First of all, they were surprised by the announcement that was not difficult to taste, and the overlord was hard-pressed.
No matter how cunning and calm Huifeng Bank is, it is still a listed company after all. Last year, it revised its articles of association and abandoned the "Huifeng Regulations" that have been followed for more than 100 years. The reaction from the outside world cannot be silent.
Next, Huifeng Bank's plan to relocate from Xiangjiang to London was circulated in an informal way, and people with discerning eyes believed its authenticity. Importance Financial institutions and other identities, those procedures that must be passed.
Now, the content of Huifeng Bank's announcement seems to be one-sided. Could it be that the negotiation with the regulatory agency collapsed, and they fell out, so they forced it?
It's a lot of fun now!
Please report us if you find any errors so we can fix it asap!
In the end, Pu Weishi, the head of Huifeng Bank who didn't dare to explode on the spot, sent away Sir Gao's spokesperson Li Guobao, and immediately left for the UK to have a final discussion with the real shareholders of Huifeng Bank.
At present, among this group of ghosts, most of the business forces in Scotland are present. As for the performance of influence in the British political arena, they are nothing more than members of parliament, and members of the Privy Council, which are unique to the UK.
The results of the emergency meeting reflected a characteristic of this ghost group, that is, there is still contempt for the current power structure in Xiangjiang; accordingly, Huifeng Bank was relocated from Xiangjiang to London, and acquired A bank of sufficient weight, at this time, it is the Midland Bank, and it is regarded as an extremely difficult and tough battle.
Although Huifeng Bank has five people and six people in Xiangjiang, but in the UK, there are no privileges to speak of.
Take the last step of the "three-legged stool" internationalization strategy plan for the acquisition of Midland Bank. The "acquisition" is just for the convenience of writing. In fact, Midland Bank and Huifeng Bank are currently in the same position. When it comes to the step of integration, it is more accurate to use the word "merger", and Huifeng Bank must provide enough real money to manage the ups and downs of Midland Bank comfortably. For example, two large Whether it is a company merger or an acquisition, if there are programs such as layoffs that are necessary in the future, if there is any, it will definitely form a resistance that cannot be ignored.
Moreover, regarding the flirting between Huifeng Bank and Midland Bank, there are not no British local banks that want to intervene. In comparison, its acquisition or merger of Midland Bank is really better than Huifeng Bank. and advantages.
In addition, Midland Bank is one of the four major clearing banks in the UK. The acquisitions and mergers involved in it have at least an anti-monopoly hurdle on the government side, and various interest groups have to intrigue against each other.
To put it bluntly, it is quite difficult for "country people" to "settle down" in the city. The British shareholders of Huifeng Bank, who have real power, are facing the "involvement" between the ghosts in the British mainland. , I don't think the Hong Kong Financial Management Bureau can stop Huifeng Bank from leaving Hong Kong's firm footsteps.
Now that Huifeng Bank has relocated to London, there is a problem similar to "which came first, the chicken or the egg", that is, Huifeng Bank will become an ordinary company, and in the process, it cannot be lost because of the loss of privilege protection. And be eaten by other forces.
More than a hundred years ago, when Huifeng Bank was founded, the "Huifeng Regulations" that it followed came into being. The content included that the headquarters should be located in Hong Kong, and major changes should be passed through the Legislative Council of the Hong Kong Government. In exchange for the support of the Hong Kong government's current account at Huifeng Bank, Huifeng Bank's becoming a quasi-central bank in Hong Kong, and the privilege of holding no more than 1% of the shares to ensure control, etc.
Huifeng Bank's relocation to London must not be so special anymore, and it must abide by the general company law.
Last year, Huifeng Bank completed the revision of the company's articles of association and abandoned the "Huifeng Regulations", but still retained the amulet that the shareholding should not exceed one percent.
After completing the step of amending the company's articles of association, the next step is to rebuild the company's structure. As a result, it is stuck at the level of the Hong Kong Financial Management Authority. , there may be risks.
The powerful shareholders of Huifeng Bank feel that since the Xiangjiang Financial Management Bureau is ignorant, then Huifeng Bank will forcibly break into it. It has enjoyed privileges in Xiangjiang for more than 100 years. Shouldn't it be "exempted"?
Pu Weishi has concerns in his heart, but he can't think of any other solution. Now that the powerful shareholders of Huifeng Bank have made a decision, he should do it. In case of failure, he has his own reasons.
Before leaving the UK, Provis specifically reminded that although Huifeng Bank currently holds 14.9% of the shares of Midland Bank, Gao Yi took advantage of the global stock market crash on Black Monday in 1987 to also buy About 10% of the shares of Midland Bank, and then Huifeng Bank's acquisition of Midland Bank, there is a threat that cannot be ignored.
...
After returning to Xiangjiang, Pu Weishi hurriedly found Ge Lai, the vice chairman of the board of directors of Huifeng Bank, and asked him what happened to the Hong Kong Financial Management Bureau in the past few days after he left.
Ge Lai shook his head. The Hong Kong Financial Management Authority still didn't let go. I continued to find someone to mediate, and it was still a cliché like Xiangjiang systemically important financial institutions.
"We can't afford it." Pu Weishi sighed softly, "Let's directly announce the company's restructuring plan to the outside world, and break through this hurdle!"
Ge Lai basically belongs to the hardliners, so naturally he has no objection.
Ever since, Huifeng Bank officially announced that after completing the revision of the company's articles of association, the group structure will be reorganized. The main contents of the plan include:
A subsidiary in London will be upgraded to the holding company of the entire group, called Huifeng Holdings Co., Ltd., which holds all of Huifeng's assets around the world, including Xiangjiang.
Obviously, Huifeng Holdings Limited is a company registered in London.
The shares issued by Huifeng Bank are all transferred to the name of Huifeng Holding Co., Ltd.; the shareholders of Huifeng Bank become the shareholders of Huifeng Holding Co., Ltd.;
Huifeng Bank became a wholly-owned subsidiary of Huifeng Holdings Limited; Huifeng Holdings Limited replaced Huifeng Bank's listing status on the Hong Kong Stock Exchange.
...
As soon as the news came out, the most professional capital market naturally understood almost all the content behind it. The Xiangjiang stock market fell in response.
After the Xiangjiang stock market fell, it was the media's turn to shout. First of all, they were surprised by the announcement that was not difficult to taste, and the overlord was hard-pressed.
No matter how cunning and calm Huifeng Bank is, it is still a listed company after all. Last year, it revised its articles of association and abandoned the "Huifeng Regulations" that have been followed for more than 100 years. The reaction from the outside world cannot be silent.
Next, Huifeng Bank's plan to relocate from Xiangjiang to London was circulated in an informal way, and people with discerning eyes believed its authenticity. Importance Financial institutions and other identities, those procedures that must be passed.
Now, the content of Huifeng Bank's announcement seems to be one-sided. Could it be that the negotiation with the regulatory agency collapsed, and they fell out, so they forced it?
It's a lot of fun now!
In the end, Pu Weishi, the head of Huifeng Bank who didn't dare to explode on the spot, sent away Sir Gao's spokesperson Li Guobao, and immediately left for the UK to have a final discussion with the real shareholders of Huifeng Bank. At present, among this group of ghosts, most of the business forces in Scotland are present. As for the performance of influence in the British political arena, they are nothing more than members of parliament, and members of the Privy Council, which are unique to the UK. The results of the emergency meeting reflected a characteristic of this ghost group, that is, there is still contempt for the current power structure in Xiangjiang; accordingly, Huifeng Bank was relocated from Xiangjiang to London, and acquired A bank of sufficient weight, at this time, it is the Midland Bank, and it is regarded as an extremely difficult and tough battle. Although Huifeng Bank has five people and six people in Xiangjiang, but in the UK, there are no privileges to speak of. Take the last step of the "three-legged stool" internationalization strategy plan for the acquisition of Midland Bank. The "acquisition" is just for the convenience of writing. In fact, Midland Bank and Huifeng Bank are currently in the same position. When it comes to the step of integration, it is more accurate to use the word "merger", and Huifeng Bank must provide enough real money to manage the ups and downs of Midland Bank comfortably. For example, two large Whether it is a company merger or an acquisition, if there are programs such as layoffs that are necessary in the future, if there is any, it will definitely form a resistance that cannot be ignored. Moreover, regarding the flirting between Huifeng Bank and Midland Bank, there are not no British local banks that want to intervene. In comparison, its acquisition or merger of Midland Bank is really better than Huifeng Bank. and advantages. In addition, Midland Bank is one of the four major clearing banks in the UK. The acquisitions and mergers involved in it have at least an anti-monopoly hurdle on the government side, and various interest groups have to intrigue against each other. To put it bluntly, it is quite difficult for "country people" to "settle down" in the city. The British shareholders of Huifeng Bank, who have real power, are facing the "involvement" between the ghosts in the British mainland. , I don't think the Hong Kong Financial Management Bureau can stop Huifeng Bank from leaving Hong Kong's firm footsteps. Now that Huifeng Bank has relocated to London, there is a problem similar to "which came first, the chicken or the egg", that is, Huifeng Bank will become an ordinary company, and in the process, it cannot be lost because of the loss of privilege protection. And be eaten by other forces. More than a hundred years ago, when Huifeng Bank was founded, the "Huifeng Regulations" that it followed came into being. The content included that the headquarters should be located in Hong Kong, and major changes should be passed through the Legislative Council of the Hong Kong Government. In exchange for the support of the Hong Kong government's current account at Huifeng Bank, Huifeng Bank's becoming a quasi-central bank in Hong Kong, and the privilege of holding no more than 1% of the shares to ensure control, etc. Huifeng Bank's relocation to London must not be so special anymore, and it must abide by the general company law. Last year, Huifeng Bank completed the revision of the company's articles of association and abandoned the "Huifeng Regulations", but still retained the amulet that the shareholding should not exceed one percent. After completing the step of amending the company's articles of association, the next step is to rebuild the company's structure. As a result, it is stuck at the level of the Hong Kong Financial Management Authority. , there may be risks. The powerful shareholders of Huifeng Bank feel that since the Xiangjiang Financial Management Bureau is ignorant, then Huifeng Bank will forcibly break into it. It has enjoyed privileges in Xiangjiang for more than 100 years. Shouldn't it be "exempted"? Pu Weishi has concerns in his heart, but he can't think of any other solution. Now that the powerful shareholders of Huifeng Bank have made a decision, he should do it. In case of failure, he has his own reasons. Before leaving the UK, Provis specifically reminded that although Huifeng Bank currently holds 14.9% of the shares of Midland Bank, Gao Yi took advantage of the global stock market crash on Black Monday in 1987 to also buy About 10% of the shares of Midland Bank, and then Huifeng Bank's acquisition of Midland Bank, there is a threat that cannot be ignored. ... After returning to Xiangjiang, Pu Weishi hurriedly found Ge Lai, the vice chairman of the board of directors of Huifeng Bank, and asked him what happened to the Hong Kong Financial Management Bureau in the past few days after he left. Ge Lai shook his head. The Hong Kong Financial Management Authority still didn't let go. I continued to find someone to mediate, and it was still a clich like Xiangjiang systemically important financial institutions. "We can't afford it." Pu Weishi sighed softly, "Let's directly announce the company's restructuring plan to the outside world, and break through this hurdle!" Ge Lai basically belongs to the hardliners, so naturally he has no objection. Ever since, Huifeng Bank officially announced that after completing the revision of the company's articles of association, the group structure will be reorganized. The main contents of the plan include: A subsidiary in London will be upgraded to the holding company of the entire group, called Huifeng Holdings Co., Ltd., which holds all of Huifeng's assets around the world, including Xiangjiang. Obviously, Huifeng Holdings Limited is a company registered in London. The shares issued by Huifeng Bank are all transferred to the name of Huifeng Holding Co., Ltd.; the shareholders of Huifeng Bank become the shareholders of Huifeng Holding Co., Ltd.; Huifeng Bank became a wholly-owned subsidiary of Huifeng Holdings Limited; Huifeng Holdings Limited replaced Huifeng Bank's listing status on the Hong Kong Stock Exchange. ... As soon as the news came out, the most professional capital market naturally understood almost all the content behind it. The Xiangjiang stock market fell in response. After the Xiangjiang stock market fell, it was the media's turn to shout. First of all, they were surprised by the announcement that was not difficult to taste, and the overlord was hard-pressed. No matter how cunning and calm Huifeng Bank is, it is still a listed company after all. Last year, it revised its articles of association and abandoned the "Huifeng Regulations" that have been followed for more than 100 years. The reaction from the outside world cannot be silent. Next, Huifeng Bank's plan to relocate from Xiangjiang to London was circulated in an informal way, and people with discerning eyes believed its authenticity. Importance Financial institutions and other identities, those procedures that must be passed. Now, the content of Huifeng Bank's announcement seems to be one-sided. Could it be that the negotiation with the regulatory agency collapsed, and they fell out, so they forced it? It's a lot of fun now!
