Chapter 731 Imperial Group acquires Hang Lung Bank!

Author: Tiger Crawling on the Fence

Chapter 731 Imperial Group acquires Hang Lung Bank!

In the 1960s, the Chinese-funded bank crisis broke out in Xiangjiang.

At that time, Guo Bowei, the Finance Department of the Governor's Office, and Xia Dingji, the Governor's Office, adopted an active non-interference policy. In other words, no matter what crisis arises in the Huazi Bank of Xiangjiang, the Governor's Office will not interfere.

Instead, let the market develop itself and regulate itself.

In fact, it was Huifeng Bank in the end, and Zhada Bank came forward to help those Chinese banks.

Huifeng Bank even took advantage of the situation and acquired the largest Chinese bank in Xiangjiang, the most promising bank, and even Hengli Bank, the largest competitor of Huifeng Bank.

So later some people speculated that the biggest gain of this Chinese-funded Bank crisis was Huifeng Bank. That is to say, the fact that Hengli Bank at that time was that Huifeng Bank was using rumors and other rumors behind the scenes to fan the flames. Hengli Bank had no choice but to be forced to accept Huifeng Bank's acquisition and holdings.

However, at that time, the Governor's Office announced that it was actively not to interfere with the policy.

In fact, it was the Governor's Office that did not come forward, but the Governor's Office asked Huifeng Bank, the central bank's role, to come forward to rescue the Chinese banks, but Huifeng Bank took the opportunity to force the major shareholders of Hengli Bank.

Now the Chinese-funded bank crisis broke out in the 1980s.

At this time, Xiangjiang, as the world's third largest financial center, is very different from the 1960s.

Mai Hao, Yu De, and even Shen Wei were worried about the banking crisis that broke out again in China-owned banks. If they still actively did not intervene, they would probably not be able to do so.

In serious cases, the Governor's Office still needs to take over the Chinese banks that are on the verge of bankruptcy.

...

The situation at Hang Lung Bank is getting worse.

In addition to the rumors that it has something to do with Dalai Finance.

Soon, it was reported in the market that most of Hang Lung Bank's depositors had entered the real estate market. At this time, Hang Lung Bank is likely to go bankrupt.

Office of the General Manager of Hang Lung Bank.

Zhuang Rongkun sat there.

The whole person is paralyzed.

He no longer knows how to save Hang Lung Bank.

He didn't know who spread the news, but in fact, it was true.

At this time, my younger brother Zhuang Qingquan looked at the elder brother and said, "Brother, what should I do? If Henglong Bank goes bankrupt, we will go to jail at that time."

The two brothers know very well where the funds of Henglong Bank depositors went.

It is precisely because of that that the two brothers are worried.

If Hang Lung Bank is squeezed out by all the depositors, it will soon face bankruptcy or even negative assets, and it will have no value to the two of them.

As major shareholders of Hang Lung Bank, the two will be subject to legal sanctions when their funds have been misappropriated.

Even if they flee back to the Philippines and may still be extradited back to Xiangjiang for trial.

"It seems that I can only ask for help from the Governor's Office."

Zhuang Rongkun said helplessly.

Now he is also a gambler, but he just lost the gambler.

I thought that Xiangjiang Real Estate would continue to rise, which not only would drive the development of Hang Lung Bank, but the two brothers would also acquire more and more properties in Xiangjiang.

Now, this kind of problem occurs and there is a possibility of a prison disaster.

Zhuang Rongkun was about to go to the Governor General's Office to meet Governor General Mailihao and ask for help from the Governor General's Office, and perhaps he could overcome the difficulties.

As soon as Zhuang Rongkun got up, the landline in the general manager's office rang.

After answering the call, my younger brother Zhuang Qingquan said, "Brother, it was the call from my sister-in-law at home, saying that Mr. Mirith, general manager of the Empire Group, was visiting you."

Imperial Group General Manager Mirith?

When Zhuang Rongkun heard about the Empire Group, his eyes lit up.

He doesn't know how rich the Empire Group is.

However, the Empire Group has successively swallowed up many British-funded foreign companies in Xiangjiang, and is very powerful. If I had the help of the Empire Group, it would be really different.

"Qingquan, let's go back to meet Mr. Merith."

When Zhuang Rongkun learned that Meris came to see him, he did not plan to meet Governor Mailihao.

...

Back to the dealer's villa.

Mirith was already waiting inside.

Zhuang Rongkun is a Filipino and overseas Chinese businessman from southern Fujian. In fact, he is still somewhat different from the local Chinese in Xiangjiang.

"Mr. Merith, please have tea. My husband is back." said Zhuang Rongkun's wife.

"Thank you, Mrs. Zhuang."

About forty minutes.

A flat car parked outside.

Getting off the car was Zhuang Rongkun's brothers.

The two brothers were surprised when they first saw a white man sitting there, which was Mr. Merith.

"Hello, Mr. Merith."

The general manager of the Imperial Group and the second-person of the Imperial Group are actually not inferior to the Governor of the Governor's Office, even the Governor of the Governor's Office, and the Chairman of Huifeng Bank, Shen Ya and others.

However, now the Zhuang Rongkun brothers don’t know what Mirith suddenly visited him for.

"Mr. Zhuang, I came for Hang Lung Bank."

Hang Lung Bank?

Brothers Zhuang Rongkun seemed to have guessed something.

"Mr. Merith, let's go into the study to chat."

The Zhuang Rongkun brothers took Malis to his study.

In Zhuang Rongkun's study, Merith said: "You are very clear about the situation of Hang Lung Bank, and our Imperial Group also knows that if Hang Lung Bank is still in the hands of those who have sex, it will only go bankrupt, and you will be in trouble then. Of course, there is another possibility that Hang Lung Bank will be directly taken over by the Governor's Office."

Both of these things Myris said are possibilities.

It is impossible for a Chinese-owned bank with such a long history and a large scale to let it go bankrupt casually, and it will definitely take over.

Taking advantage of the time of taking over, restore depositors' confidence in Hang Lung Bank. After Hang Lung Bank's business is normal, the Governor's Office will definitely sell it to other capital consortiums.

In this case, it would be better to be directly acquired by the Empire Group.

Zhuang Rongkun did not deny Merith's statement.

"In 1976, your brothers and the Philippines combined the consortium spent HK$50 million to acquire 80% of Hang Lung Bank. Now, six years have passed, under normal circumstances, the market value of Hang Lung Bank will increase many times, or even ten times more than ten times. However, now you also know how big the hole in Hang Lung Bank is. Our Empire Group is preparing to acquire Hang Lung Bank for HK$100 million."

Acquisition of Hang Lung Bank of 100 million Hong Kong dollars?

Brothers Zhuang Rongkun, the first time, must have disagreed.

"After the acquisition of 100 million Hong Kong dollars, Hang Lung Bank's debt has nothing to do with your brothers. If you are unwilling to be taken over by the Governor's Office, you will be able to get a penny of financial settlement at that time, and you may even have to go to jail." Merith looked at him and said.

Historically, after Hang Lung Bank took over the loss of the Governor's Office, it was calculated clearly, with a loss of HK$336 million.

Since Hang Lung Bank was "too big to collapse" at that time, the Governor's Office had to intervene and use foreign exchange funds to take over Hang Lung Bank.

After the Governor's Office took over, after several years of rectification and operation, it was finally sold for 600 million yuan in 1989, and instead made a net profit of 300 million yuan.

If this Chinese-funded bank falls into the hands of the Governor's Office, Yang Ming and the Imperial Group will have a way to take it down, and it will definitely be a bit troublesome, so it's better to take it down in advance.

Chapter 6!

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