Vol 2 Chapter 871: The Fear of the Bank of East Asia

Chapter 871

The Fear of the Bank of East Asia

When Li Zekai, Tang Jiacheng, Zheng Zhiheng and Zong Qinghou took the Lin Feng special plane to London, Lin Feng also started to act.

"Old Qiu, how about it? Are you ready to take over the 400 employees of Standard Chartered Bank's UK headquarters?" Lin Feng called Qiu Deba.

This time, a total of 380 employees of Standard Chartered Bank in the UK headquarters have resigned, almost completely paralyzing all of Standard Chartered Bank's business in the UK. Many British depositors have complained and can only choose automatic ATM deposits and withdrawals. This has also caused many depositors in the UK to withdraw their deposits. Cash, this is also the main reason for the decline in Standard Chartered's stock price.

In order to deal with this talent crisis, Lin Feng thought of Maybank, which had a controlling interest of up to 80% by Qiu Deba. Malayan Banking was founded by Qiu Debaan. It has 334 banks in Malaysia and 34 branches overseas. Although there was a subsequent run that caused Maybank to be taken over by the government, Qiu Deba still holds a large amount of equity. This time, Lin Feng hoped that Qiu Deba could help him by finding 400 skilled bank employees to replace the loss of 380 employees in the UK branch of Standard Chartered Bank. And very coincidentally, although Malay is spoken in Malaysia, English is the lingua franca and the language of correspondence. Almost all Maybank staff can speak English, so communication is not a problem at all.

For Lin Feng's request, Qiu Deba was slightly embarrassed. After all, it is not easy to find 400 skilled bank staff in just three days. However, Qiu Deba, the former richest man in Malaysia and now the richest man in Singapore, once founded Malayan Bank and has a very high reputation in the banking industry in Southeast Asia. Prestige and authority. For Lin Feng's request, Qiu Deba hesitated for a while before agreeing. After all, he still has a cooperative relationship with Lin Feng, and he also hopes that Lin Feng can take care of his unsuccessful children and grandchildren. This time he helped Lin Feng, Lin Feng owed him a great favor, and this favor cannot be repaid with money. Qiu Deba can imagine that in the future, Lin Feng will definitely help his children and grandchildren in order to repay his favor.

"Mr. Lin, it’s okay. These 400 banking talents have already flown to the UK. Tomorrow morning before the opening of Standard Chartered Bank, these 400 employees will be able to take up their jobs. And they are all the most skilled employees of Malayan Banking. If you have experience working in an overseas bank, you can definitely adapt to your current job right away." Qiu Deba categorically said.

Lin Feng suddenly breathed a sigh of relief when he heard this. With these 400 employees taking over from the British headquarters of Standard Chartered Bank, the situation in the UK can be stabilized. As for Hong Kong, it is really important, and Lin Feng has follow-up arrangements.

"By the way, Mr. Qiu, thank you very much this time! I am afraid that this time will bring you a lot of trouble. I will always remember this kindness." Lin Feng said gratefully.

Qiu Deba smiled with relief. With Lin Feng's words, he was satisfied! In order to help Lin Feng this time, he did spend a lot of effort and owed a lot of favors. There are 400 staff who are proficient in business and are also proficient in English. This is really not a small number. Only Qiu Deba knew the price. But now with Lin Feng's words, everything is worth it. At least, to say something bad, he can smile at Jiuquan.

"By the way, Mr. Lin, I have to remind you of a word. Among the 400 employees, the bottom-level employees account for 95%. There are only more than 20 managers, all of whom are junior managers. This time Standard Chartered Bank resigned. The grassroots managers accounted for 20%, the middle managers accounted for 15%, and the senior managers accounted for 5%. I can’t help you make up for these talent vacancies.” Qiu Deba said helplessly.

For the banking industry, these middle-level talents, especially senior management talents, are needed by all walks of life. Qiu Deba really can't help this kind of talent.

Lin Feng nodded, knowing that these talents are hard to find. But let's talk about stabilizing the British headquarters of Standard Chartered Bank. As for these talents, we can only find them again. As long as there is a skeleton here, the bank is fine. When the time comes, go to other places to dig corners! What the headhunting company does, why not do it!

"Okay, Mr. Qiu, thank you! You always take care of your health, so don't think about it anymore, and enjoy your life. I believe your children will be blessed." Lin Feng said with a smile.

Hearing this, Qiu Deba felt that he had no regrets in his life. This is also what Lin Feng promised in disguise that he would take good care of his children and grandchildren in the future, and would never allow them to fight for the family property and let the kingdom that Qiu Deba created by his own hands fall apart.

After hanging up the phone, Lin Feng called the Hong Kong side after some sorting out his thoughts.

"Hello, is it Li Guobao and Li Dong? I am Lin Feng." Lin Feng called Li Guobao, chairman of the Bank of East Asia in Hong Kong.

"Hello, Lin Dong, our bank has discussed your plan the day before yesterday in detail." Li Guobao said solemnly.

auzw.com

Lin Feng heard that his palms were slightly sweaty. Li Guobao's answer will be another key to success this time. Two days ago, in order to solve the talent crisis caused by the Hong Kong directors, Lin Feng actually approached Qiu Deba, and through him transferred 400 skilled banking personnel from Maybank to London, England. These talents are basically Solved the shortage of talents in the Bank of London in the United Kingdom. But in Hong Kong, a total of more than 1,200 employees will resign. It was only under pressure from the Hong Kong government that these employees did not resign for the time being. However, these people have also issued a notice to the company (that is, Lin Feng) and must leave within the month. Otherwise, it will be sued to the labor union and to the court to resolve the matter.

In order to deal with this crisis, Lin Feng thought desperately. After taking a closer look at the banking sector in Hong Kong, he took a fancy to the Bank of East Asia, which was established in Hong Kong in 1918 and is currently the last local family bank in Hong Kong. Over the years, the Bank of East Asia has been operating well and has always been a leader in Hong Kong's local banks. And what makes Lin Feng even more important is that the listed shares of the Bank of East Asia are as high as 62.5% (not accurate, whoever has the accurate information, who will help me), and its controlling family, the Li family, only owns a total of 15% of the Bank of East Asia. And its current chairman Li Guobao only owns 3% of the shares, and other members of the Li family collectively own the remaining 12%. This kind of equity structure is undoubtedly very tempting. It is not difficult to successfully acquire the Bank of East Asia. As long as you invest more money, you can successfully control the Bank of East Asia.

Therefore, Lin Feng secretly acquired 260 million shares of BEA at a price of 32 Hong Kong dollars per share (originally 18 Hong Kong dollars, but due to Lin Feng’s acquisition, resulting in a premium, which caused the Bank of East Asia’s share price to rise sharply), at a total cost of 1.03 billion US dollars ( Lin Feng's personal funds remained at US$5.479 billion) and became the largest individual shareholder of the Bank of East Asia.

But at present, Lin Feng does not want to control the Bank of East Asia. After all, owning Standard Chartered Bank is enough to achieve his purpose of using the bank to resist financial risks. Moreover, the influence of Standard Chartered Bank is far beyond the Bank of East Asia. Therefore, Lin Feng's acquisition of 10% of the Bank of East Asia was only to have the capital to show off to Li Guobao and put forward his own plan.

Lam Fung's plan is to cooperate with the two banks. The Bank of East Asia will temporarily help Lam Fung's Standard Chartered Bank to tide over the talent crisis. First, it will allocate 800 bank staff to adequately supply the Hong Kong branch of Standard Chartered Bank. After that, these talents will be returned to the Bank of East Asia. The benefit gained by the Bank of East Asia is that Standard Chartered Bank will give up part of its Southeast Asian business and will develop jointly with the Bank of East Asia.

After all, before the Bank of East Asia's business volume was mainly in Hong Kong and the Mainland, and rarely involved in other places. For the mainland, banks such as Industrial and Commercial Bank of China and China Construction Bank occupy absolute market share, while other banks are just eating leftovers. Under this circumstance, Lin Feng took the initiative to split part of the Southeast Asia business to the Bank of East Asia, which is already sincere.

Therefore, in Lin Feng's view, Li Guobao should agree.

unexpectedly!

"Sorry, Mr. Lin, after research and discussion by our board of directors, your plan is very attractive, but at present our bank is not able to digest the Southeast Asian market. We think it is better to do a good job in our own market first, and then venture into other markets." Li National treasures are extremely tactful. But it means that Li Guobao disagrees with Lin Feng's plan.

Lin Feng frowned, unexpectedly that Li Guobao and others would be like this. This is a win-win situation for both parties, but Li Guobao did not expect to refuse.

"Li Dong, I think this is a good thing for our two banks. Don't you think about my proposal as the first major shareholder?" Lin Feng said slightly threateningly.

"I'm sorry, Lin Dong, we have considered it very seriously, and your proposal is not suitable for us." After speaking, Li Guobao hung up the phone.

Stunned! At a loss! Even a little angry, Lin Feng did not expect that he would be so rejected by others, and he barely showed any affection. And when he is the largest individual shareholder of the Bank of East Asia.

At this time, the headquarters of the Bank of East Asia in Hong Kong.

"Brother, you really decided to do this!" Li Guobao's younger brother Li Guozhang asked hesitantly.

"Well, it's decided. Guo Zhang, you should understand that Lin Feng is not a fuel-efficient lamp. His secret holding of Standard Chartered Bank should have given us all the banking industry a reminder. This person is too unpredictable, and the means are endless. I am very scared to work with him. You should know the current holding situation of our family. If you work with this kind of person, the Bank of East Asia will no longer be surnamed Li, but Lin." Li Guobao said vigilantly.

Li Guozhang nodded. Indeed, Lin Feng's holding of Standard Chartered Bank this time was too unexpected and even a bit crazy. No one would have thought that a young man who was originally only in the IT industry would suddenly become the chairman of a listed banking industry and a banker. This is crazy! Moreover, Lin Feng's action was too quick this time, and he was too merciless. Direct holding is a signal to other banks. When working with Lin Feng, we must think twice before acting. Lin Feng will swallow you no matter the day of cooperation.

As for Lin Feng's 10% stake in the Bank of East Asia, the Lee family still has a way to deal with it. It was a secret acquisition by Lin Feng before, and when they realized that it was too late, Lin Feng already held 10% of the shares. Now that Lin Feng wants to buy through circulating shares, it's not that simple. At that time, they can use Lin Feng to buy the Bank of East Asia to raise the stock price, forcing Lin Feng's financial resources to support the acquisition. What's more, Lin Feng's roots are in Standard Chartered Bank, and now Standard Chartered Bank is just a pot of porridge, Lin Feng has no time and energy to consume them.

At this moment, Lin Feng was also frowning. The refusal of the Bank of East Asia caused Lin Feng's plan to be ruined. Now how to do?