Chapter 744 Mr. Yang’s generosity completely shocked Mr. Li and Bao
Empire Group officially announced that it would spend HK$10 billion to acquire Overseas Trust Bank, and announced that it would inject HK$50 billion into Overseas Trust Bank.
After this news was spread by reporters in Hong Kong, it immediately shocked all walks of life in Hong Kong.
9:30am.
As a listed company, Overseas Trust Bank was taken away by ICAC for investigation last night due to Huang Changzan’s surrender. The exchange knows that Overseas Trust Bank’s normal transactions will definitely be affected.
Overseas Trust Bank has suspended trading today.
In addition, Huifeng Bank, Hangzhou Bank, Bank of East Asia, etc. in Hong Kong, when the stock market started trading today, although the market opened normally, they all began to fall.
As a last resort, the stock market trading ended in the morning, and the bank stocks listed in Xiangjiang were suspended from trading in the afternoon.
In addition, due to the crisis that broke out in Chinese-owned banks in Hong Kong, as well as the debt crisis in Hong Kong real estate, etc., all major listed companies in Hong Kong, except for some companies, have begun to plummet.
The stock market crisis in Hong Kong seems to have begun to emerge.
. . .
9:30am.
Office of the Chairman of Changjiang Industrial Group.
Li Jiacheng is at work.
At this time, the office phone rang.
The female secretary went to answer the call.
"Mr. Li, it's Mr. Zhou calling."
The so-called Mr. Zhou is naturally Zhou Qianzhao.
Li Jiacheng took the landline phone receiver.
"Qianzhao, what's the matter?"
"Boss, something very important has just happened in the Imperial Group."
"Then come to the office and talk to me."
Is it from the Imperial Group again?
Did something happen to the Imperial Group?
Li Jiacheng is still wondering.
Over there, Zhou Qianzhao wanted to say something, but he found that his boss Li Jiacheng had hung up the phone.
Last night, Li Jiacheng heard that Huang Changzan, chairman of Overseas Trust Bank, the third largest bank in Hong Kong, had surrendered to the police. He guessed that this matter would affect the major banks in Hong Kong.
It really happened. Except for Xiangjiang Overseas Trust Bank, all major Chinese banks in Xiangjiang now seem to be greatly affected.
Li Jiacheng didn't expect that all the Chinese banks in Xiangjiang would be involved in real estate.
Today, Xiangjiang Real Estate continues to fall, so we can imagine how serious the debts of these Chinese banks are.
Li Jiacheng's Changchun Industrial Group is different from other real estate companies. Most other real estate companies borrow from banks and have relatively high debt ratios.
On the contrary, Changchun Industrial Group's debt ratio has never been too high.
However, Changjiang Industrial Group's current capital flow is not high, and it is difficult to obtain funds from Huifeng Bank.
When Li Jiacheng sat down to drink water, there was a knock on the door.
The female secretary opened the door and it was Zhou Qianzhao who came.
"boss."
"What happened to the Imperial Group?"
"Boss, the Empire Group just held a press conference. Mr. Mai Lisi, the general manager of the Empire Group, announced that it would spend 10 billion Hong Kong dollars to acquire Overseas Trust Bank. In addition, he also announced that he would inject 50 billion Hong Kong dollars into Overseas Trust Bank!"
It is equivalent to spending 60 billion Hong Kong dollars to acquire overseas trust banks!
This Imperial Group is really making a big deal!
Li Jiacheng was both envious and surprised that Imperial Group's funds were really abundant.
Under such circumstances, they actually spent so much money to acquire this overseas trust bank with such serious liabilities.
does it worth?
"In addition, Sir Yang, the chairman of the Empire Group, said something in front of reporters. He believed that the debt crisis that broke out in Xiangjiang Chinese Bank was closely related to the Xiangjiang real estate industry. It was a good thing and a bad thing. However, Sir Yang believes that the stability of Chinese banks in Xiangjiang is very important to the financial development of Xiangjiang."
When Zhou Qianzhao said that.
Li Jiacheng thought of it.
Imperial Group swallowed up first Hang Lung Bank and now Overseas Trust Bank.
Overseas Trust Bank also owns Chinese Bank and Hong Kong Industrial and Commercial Bank of China.
Li Jiacheng really envied the Imperial Group for owning so many banks.
He also knew that the Imperial Group was getting bigger and bigger. It turned out that a lot of funds were placed in Huifeng Bank and Zhada Bank. The Imperial Group definitely wanted to have its own bank.
I just don’t know if the Imperial Group’s acquisition of these Chinese banks will have a great impact on Huifeng Bank?
Judging from the sharp decline in the stock markets of Huifeng Bank, Hengxing Bank, etc., the impact is still huge.
"Boss, this Sir Yang is really not simple." Zhou Qianzhao said.
Sir Yang can be simple?
What's more, Sir Yang has experts around him.
Apart from Merliss, Ma Shimin, Wei Peter, Li Caixin, etc., which one is an ordinary person?
Li Jiacheng could only sigh.
For Li Jiacheng, after he missed Wharf and Hutchison Whampoa, he knew that it would be difficult for the Li family to undergo any major changes.
This time there is not only a Chinese-owned bank crisis in Xiangjiang, but also a debt crisis caused by the decline of real estate in Xiangjiang. It can be said that the real estate crisis in Xiangjiang is even more serious.
He didn't know when this crisis would be over.
Li Jiacheng feels that as long as he survives this Xiangjiang real estate crisis safely, it will be enough.
Li Jiacheng and Zhou Qianzhao lamented Sir Yang's acquisition of Overseas Trust Bank.
. . .
Prince's Building.
Office of the Chairman of Global Shipping Group.
Bao Yugang also just came to the office and sat down.
In his office, he first read the newspapers and periodicals. In addition to discovering that when Hong Kong began to erupt in a crisis similar to the Chinese bank crisis in the 1960s, Bao Yugang was really worried about financial problems in Hong Kong.
Now that Hong Kong's shipping industry has been affected by the global impact, problems have already occurred. Then there are problems in the real estate industry. Now it is the turn of the financial industry to have problems. The impact on Hong Kong and even the entire industry will be great.
Bao Yugang shook his head and could only say that Xiangjiang relied too heavily on the real estate industry. Now it is because Xiangjiang's real estate industry affects Xiangjiang's financial industry.
"Father, something big happened to the Imperial Group." Someone was suddenly pushed away from the door.
Wu Guangzhen ran in and said.
Bao Yugang no longer knew what to say to Wu Guangzhen's appearance.
The female secretary left directly and closed the door of the chairman's office.
"Father, the Imperial Group just held a press conference and announced that it would spend 10 billion Hong Kong dollars to acquire Overseas Trust Bank. In addition, it also injected 50 billion Hong Kong dollars into Overseas Trust Bank. Father, the Imperial Group was really generous, actually spending 60 billion Hong Kong dollars. Come and save this Chinese bank."
Wu Guangzhen said enviously from the side.
Sir Yang of Imperial Group actually spent HK$60 billion to rescue Overseas Trust Bank?
Not only was Wu Guangzhen shocked when he heard the news just now, Bao Yugang was also very shocked now.
This is 60 billion Hong Kong dollars, not 6000 million, nor 6 million Hong Kong dollars.
At this time, in Hong Kong in the early 1980s, it was really a lot of money.
However, the Imperial Group was able to take it out. Why wasn't Bao Yugang shocked?
At this moment, Bao Yugang really felt how big the gap was between Global Shipping Group and Imperial Group!
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