Chapter 747 Hong Kong Bank Tycoon! Acquisition of Xiangjiang Eleven in half a month

Chapter 747 Hong Kong Bank Tycoon! The acquisition of 11 Chinese banks in Hong Kong in half a month shocked the world! !

The day after Imperial Corporation acquired Overseas Trust Bank.

September 14, 1982 at 9:00 am.

Empire Group announced that it would acquire Dao Heng Bank for HK$50 million, with a capital injection of HK$200 million.

At 21:00 on the evening of September 14, 1982.

The people sent by Mai Lisi negotiated with Feng Jingxi of the Feng family, and Empire Group purchased 75% of Sun Hung Kai Bank's shares for HK$200 million and injected HK$100 million in capital.

September 15, 1982 at 9:00 am.

Empire Group announced that it would acquire K. Wah Bank from Liu Cansong for HK$50 million and inject HK$400 million in capital.

At 21:00 on the evening of September 15, 1982.

Empire Group announced that it would acquire Wing On Bank from the third generation heir of the Guo family for HK$50 million and inject HK$300 million in capital.

September 16, 1982 at 9:00 am.

Empire Group announced that it would acquire Conian Bank for 10 million Hong Kong dollars and inject 200 million Hong Kong dollars.

At 21:00 on the evening of September 16, 1982.

Empire Group announced that it would acquire Union Bank for 10 million Hong Kong dollars and inject 300 million Hong Kong dollars into the bank.

At 22:00 on the evening of September 16, 1982.

Empire Group fully acquired Guang'an Bank for HK$50 million and injected HK$500 million in capital.

. . .

Within a week the Chinese bank crisis broke out in Hong Kong.

The run on Chinese-owned banks in Xiangjiang swept across Xiangjiang, and even Chinese banks in nearby Haojiang, Nanyang, etc. were greatly affected.

But then comes.

Empire Group first fully acquired Hang Lung Bank for HK$100 million and injected HK$500 million to solve Hang Lung Bank's debt problem.

After acquiring Hang Lung Bank.

Empire Group acquired Overseas Trust Bank for 1 billion Hong Kong dollars and injected 5 billion Hong Kong dollars to solve the debt problem of Overseas Trust Bank.

In addition, after the Imperial Group acquired Overseas Trust Bank, its Chinese bank, Xiangjiang Industrial and Commercial Bank of China, also fell into the hands of the Imperial Group.

Not long passed in this matter.

The subsequent series of acquisitions by Imperial Group shocked Hong Kong, wealthy businessmen in Nanyang, and the global financial and banking community.

Except for the Fung family's Sun Hung Kai Bank, Empire Group only acquired 75% of the shares. Other Chinese banks, including Dao Heng Bank, K. Wah Bank, Wing On Bank, Conian Bank, Union Bank, and Guang'an Bank, were all acquired by Empire Group. capital acquisition.

That is to say.

This is less than half a month.

The vast majority of Chinese-owned banks in Hong Kong are in the hands of the Imperial Group.

In addition to Hang Lung Bank, Dao Heng Bank, Overseas Trust Bank, Chinese Bank, Hong Kong Industrial and Commercial Bank of China, Sun Hung Kai Bank, K. Wah Bank, Wing On Bank, Conian Bank, Union Bank, and Kwong On Bank.

Compared with the ten Chinese banks acquired by Yang Ming in his original plan, there is now one more Guang'an Bank.

In other words, all these Chinese-owned banks are now in the hands of the Imperial Group.

This series of acquisitions by Imperial Group and Sir Yang has indeed shocked all walks of life in Hong Kong, as well as Southeast Asia and the world.

In this series of acquisitions, in addition to Imperial Group spending a lot of real money, they also injected large-scale capital into the banks they acquired, adding up to nearly 10 billion Hong Kong dollars.

This may be the most expensive acquisition by Imperial Group when it acquired Jardine Matheson Land, the leader of the four major foreign banks.

Yang Ming's identity once again became a bank tycoon.

Except for Huifeng Bank in Xiangjiang, it is actually difficult for other banks to compare with these banks of the Imperial Group.

September 17, 1982.

Friday.

Yang Ming got up from the bed and changed clothes under the service of Azhu and Zhong Chuhong.

At this time, Azhu, Zhong Chuhong, and Guan Jiahui looked at Yang Ming in different ways.

In the past, they didn't know how rich Sir Yang was.

After the Chinese-owned bank crisis broke out in Hong Kong, within a week, a series of Chinese-owned banks were acquired by the Imperial Group and huge capital injections were made, which shocked Hong Kong.

In particular, Ah Zhu, Zhong Chuhong and Guan Jiahui did not expect that Sir Yang could actually swallow up most of the Xiangjiang Chinese Bank under such circumstances.

There are still Chinese-owned banks in Hong Kong.

A series of Chinese banks such as Bank of East Asia, Shanghai Commercial Bank, Heung Kong Commercial Bank, Liao Chuangxin Bank, Wing Hang Bank, Far East Bank, Wing Lung Bank, etc.

After the outbreak of Chinese-funded banks in the 1960s, these Chinese-funded banks have been more or less invested or controlled by American, British, Japanese, etc.

This time, when the Chinese-owned banking crisis broke out in Hong Kong in the 1980s, these banks were not affected.

The Imperial Group has no chance of eating them.

"Master, are there any banks in Xiangjiang that were acquired by the Imperial Group today?" Azhu asked from the side.

"there is none left."

The Chinese-owned banks that have problems, or have been affected this time, have basically been swallowed up by the Imperial Group.

As for the Bank of East Asia, it is also very large among banks in Hong Kong. Yang Ming originally wanted to invest in or hold a controlling stake, but the major shareholders of the Bank of East Asia reacted quickly and did not give the Imperial Group a chance at all.

The rest are either supported by American, British or Japanese capital.

Yang Ming came down from upstairs.

I went swimming for a few laps first.

After changing a set of clothes.

Yang Ming had breakfast with his parents.

At the beginning, Yang Jirong and his wife were also frightened by the series of acquisitions of Chinese banks by Imperial Group.

A few days ago, basically every day the news reported that Imperial Group acquired two Chinese banks.

Yang Jirong and his wife were first shocked, then frightened, then numb, and then slowly returned to normal.

Yang Ming finished breakfast with his parents.

Get in the car.

Chen Zhenhua left here by car and drove to the Federal Building where the Empire Group was located.

A few days ago, the Chinese-owned bank crisis broke out in Hong Kong. Many depositors and investors of Chinese-owned banks, including investors and depositors such as Hangzhou Bank and Bank of East Asia, queued up day and night to withdraw money.

With the Imperial Group's series of acquisitions and capital injections of Chinese-owned banks.

In particular, depositors and investors of Hang Lung Bank and overseas trust banks discovered that Imperial Group had withdrawn cash from these banks after putting real money into the banks.

In a security environment like Xiangjiang, it is very unsafe.

Some investors deposited their money back into Hang Lung Bank or Overseas Trust Bank.

Some investors re-deposited their money in Huifeng Bank, Zhada Bank, etc.

After this incident, the abundant funds shown by the Imperial Group not only surprised the British capital in Xiangjiang and drooled over the Chinese capital, but also made the ordinary citizens of Xiangjiang more confident in the Imperial Group.

After the Imperial Group announced its acquisition and capital injection of the Chinese-owned banks that had problems, these investors and depositors began to deposit their money back into the banks.

So much so that in the past few days, every time Yang Ming came off work and passed some Chinese bank branches, he saw many people queuing up to withdraw money, causing a serious run.

Now that Yang Ming is sitting in the car, he looks out and sees that this situation does not happen again in many branches of Chinese banks.

Now that the Imperial Group has acquired those Chinese-funded banks, no matter how much debt those Chinese-funded banks had before, the Imperial Group will solve it themselves.

The Chinese-owned banking crisis that broke out this time in the 1980s seems to be even more serious than that in the 1960s.

It took the Imperial Group almost half a month to solve it quietly.

Chen Zhenhua drove to the underground parking lot of the Federal Building.

Accompanied by them, Yang Ming took the elevator upstairs.

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