Chapter 731 Imperial Group acquires Hang Lung Bank!

In the 1960s, the Chinese-owned banking crisis broke out in Hong Kong.

At that time, the Financial Secretary of the Governor's Office, Guo Bowei, and the Chief Secretary Xia Dingji adopted an active non-intervention policy. In other words, no matter what crisis occurred in the Chinese banks in Hong Kong, the Governor's Office would not intervene.

Instead, let the market develop and self-regulate on its own.

In fact, it was Huifeng Bank and Zada ​​Bank that finally came forward to help those Chinese banks.

Huifeng Bank even took advantage of the situation and acquired the largest Chinese-owned bank in Hong Kong, the most promising bank, and even Huifeng Bank's biggest competitor, Hengxuan Bank.

So much so that some people later speculated that Huifeng Bank was the biggest gainer from this Chinese bank crisis. In other words, Huifeng Bank was behind the situation like what happened to Hengxuan Bank, and it was Huifeng Bank that used rumors and other things to fan the flames behind the scenes. There was nothing Hengxuan Bank could do. Under such circumstances, it can only be forced to accept the acquisition and control of Huifeng Bank.

However, at that time, the Governor-General's Office declared a policy of active non-intervention.

In fact, it was the Governor's Office who did not come forward. Instead, the Governor's Office asked Huifeng Bank, which played the role of the central bank, to come forward to rescue those Chinese banks. However, Huifeng Bank took the opportunity to force the major shareholders of Hengfeng Bank.

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

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

Mailihao, Youde, and even Shen Bi are worried about another banking crisis in Chinese-owned banks. If they continue to be active and non-intervention, they may not be able to do it.

In serious cases, the Governor's Office will still have to step in to take over those Chinese-owned banks that are on the verge of bankruptcy.

. . .

The situation at Hang Lung Bank is getting serious.

Except for rumors that it has something to do with Diners Finance.

Soon, it was reported in the market that most of Hang Lung Bank's depositors' funds had been invested in real estate. At this time, Hang Lung Bank was afraid that it was very likely to collapse.

General Manager's Office of Hang Lung Bank.

Zhuang Rongkun sat there.

The whole person seemed to be paralyzed.

He no longer knows how to rescue Hang Lung Bank.

He didn't know who had spread the news. In fact, it was true.

At this time, his younger brother Zhuang Qingquan looked at his elder brother and said, "Brother, what should we do? If Hang Lung Bank collapses, we will go to jail."

The two brothers know very well where the depositors' funds of Hang Lung Bank have gone.

It was precisely because of that that the two brothers were worried.

If Hang Lung Bank is all run by those depositors, it will soon face bankruptcy and even have negative equity. It will have no value to the two of them.

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

Even if they escape and return to the Philippines, they may still be extradited back to Hong Kong for trial.

"It seems that we can only ask the Governor's Mansion for help."

Zhuang Rongkun said helplessly.

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

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

Now, if this kind of problem occurs, it is very likely that he will be imprisoned.

Zhuang Rongkun is preparing to go to the Governor's Mansion to see Governor Mailihao, asking for help from the Governor's Mansion, maybe he can tide over the difficulties.

Zhuang Rongkun had just gotten up when the landline phone in the general manager's office rang.

His younger brother Zhuang Qingquan went to answer the call and said, "Brother, it's a call from my sister-in-law at home, saying that Mr. Merlis, the general manager of the Empire Group, is visiting you."

Empire Group General Manager Meilisi?

Zhuang Rongkun's eyes lit up when he heard about the Imperial Group.

He didn't know how rich the Imperial Group was.

However, the Imperial Group has swallowed up many British-owned foreign companies in Hong Kong and is very powerful. If the Imperial Group has help, it will really be different.

"Qingquan, let's go back and see Mr. Malice."

After learning that Mailisi came to see him, Zhuang Rongkun no longer planned to meet Governor Mailihao.

. . .

Return to the dealer's villa.

Melis was already waiting inside.

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

"Mr. Malice, please have tea. My husband has returned." Zhuang Rongkun's wife said.

"Thank you, Mrs. Zhuang."

About forty minutes.

A Mercedes was parked outside.

Getting out of the car, it was brother Zhuang Rongkun.

The two brothers were a little surprised when they saw a white man sitting there for the first time. It was Mr. Meilisi.

"Hello, Mr. Merrith."

The general manager of the Empire Group in Meris, the number two figure in the Empire Group, is actually not inferior to the Governor of the Government House, even the Chief Secretary Jude, and the chairman of Huifeng Bank, Shen Bi, and others.

However, Brother Zhuang Rongkun still doesn't know the reason for Meris' sudden visit to him.

"Mr. Zhuang, I'm here for Hang Lung Bank."

Hang Lung Bank?

Brother Zhuang Rongkun seemed to have guessed something.

"Mr. Malice, let's go into the study and chat."

Brother Zhuang Rongkun took Merisi to his study.

In Zhuang Rongkun's study, Meris said: "You yourselves know the situation of Hang Lung Bank very well, and our Imperial Group also knows that if Hang Lung Bank is still in your hands, it will go bankrupt and you will be in trouble. Of course, there is another possibility that Hang Lung Bank will be directly taken over by the Governor's Office."

Both of these are possibilities.

For a Chinese-owned bank with such a long history and such a large scale, it is impossible for the Governor's Office to let it go bankrupt. It will definitely be taken over.

Use the time of takeover to restore depositors' confidence in Hang Lung Bank. After Hang Lung Bank's business becomes normal, the Governor's Palace will definitely be sold to other capital consortiums.

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

Zhuang Rongkun did not deny Merlis' statement.

"In 1976, your brothers joined forces with the Philippine consortium to acquire 80% of the shares of Hang Lung Bank for HK$50 million. Now, six years have passed. Under normal circumstances, the market value of Hang Lung Bank would have increased many times, or even more than ten times. However, , now you also know very well how big the hole is in Hang Lung Bank, and our Empire Group is preparing to acquire Hang Lung Bank for HK$100 million."

100 million Hong Kong dollars to acquire Hang Lung Bank?

Brother Zhuang Rongkun, at first glance, would definitely disagree.

"After the 100 million Hong Kong dollar acquisition, Hang Lung Bank's debts have nothing to do with you brothers. If you are unwilling, after it is taken over by the Governor's Office and the financial liquidation comes, you will not get a penny, and you may even go to jail. "Merith looked at him and said.

Historically, Hang Lung Bank suffered losses after being taken over by the Governor's Office, and it was accounted for, with a loss of HK$336 million.

Since Hang Lung Bank was already "too big to fail" at the time, the Governor-General had to step in and use the Exchange Fund to take over Hang Lung Bank.

After the Governor's Mansion took over, after several years of rectification and management, it was finally sold for NT$600 million in 1989, making a net profit of NT$300 million.

If this Chinese-owned bank falls into the hands of the Governor's Office, Yang Ming and the Imperial Group will have a way to take it down. There will definitely still be some trouble, so they might as well take it down in advance.

Chapter Six!

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