In Hong Kong, we build a global business empire

Chapter 585 Guan Jiahui's Ambition

However, the declaration of war when Shen Bi left showed that it was impossible for Lin Haoran to keep the Bank of East Asia developing in a low-key manner.

As the saying goes, one mountain cannot accommodate two tigers.

The Hong Kong market is neither big nor small.

Huifeng Bank has been a tiger for too long.

For a long time, Huifeng Bank has been firmly in the leading position in Hong Kong's financial sector with its profound foundation, extensive business network and strong capital strength, enjoying the huge profits brought by the monopoly.

To the extent that they have regarded the Hong Kong market as their own back garden, cultivating it wantonly. Once they encounter a threatening opponent, they will use various means to nip the opponent in the bud.

In the past, many local or foreign banks that tried to rise strongly in the Hong Kong financial sector were suppressed by Huifeng Bank and either withdrew from the market, retained only a small part of the business market, or were acquired.

The most famous example is Hang Seng Bank.

Hang Seng Bank had already developed very well in the 1950s and 1960s. It was the most powerful Chinese bank in Hong Kong. Although its strength was far inferior to that of Bank of Hong Kong, if it continued to develop at the same speed, it might have the possibility of challenging Bank of Hong Kong in the future.

However, a rumor suddenly circulated in the market at that time, claiming that banks had insufficient deposits due to large-scale loans to real estate developers, including Hang Seng Bank.

In fact, Hang Seng Bank's business practices have always been very stable.

However, various rumors spread like wildfire throughout the market, and terrified depositors began to withdraw their deposits in large quantities. There were news reports that citizens waiting to withdraw cash lined up from the Hang Seng Bank headquarters in Central to Connaught Road near the Star Ferry Pier.

Finally, Hang Seng Bank could no longer hold on under the severe bank run and had to seek help from Bank of Hong Kong. Bank of Hong Kong took this opportunity to acquire the largest Chinese bank in Hong Kong.

Some media speculated that why such rumors appeared in a high-quality bank like Hang Seng Bank, there must be someone deliberately manipulating it behind the scenes, and all signs point to Huifeng Bank.

After all, the rise of Hang Seng Bank poses a potential threat to the monopoly of HSBC Bank, and HSBC Bank has sufficient motivation to suppress this competitor.

Now, the declaration of war when Shen Bi left made Lin Haoran and Bank of East Asia the new thorns in the side of Huifeng Bank.

Lin Haoran sighed. At this point, he had no idea how Huifeng Bank would attack Bank of East Asia, so he could only take it one step at a time.

Bank of Hong Kong is the dominant force in Hong Kong's banking industry, and although the Bank of East Asia, which he is about to acquire, is also strong, the gap between it and Bank of Hong Kong is too big.

Therefore, it is somewhat unrealistic to ask Bank of East Asia to take the initiative to launch an attack.

Now, we can only defend passively and counter each move.

Lin Haoran naturally knew that passive defense was not a long-term solution, but at the moment he had not even secured the controlling stake in Bank of East Asia. The most important thing next was to gain absolute control of Bank of East Asia as soon as possible.

As for other things, there is no rush.

Besides, it took a long time for Huifeng Bank to take action against Bank of East Asia.

As for using Wheelock & Co.'s shares to acquire a stake in Wharf Holdings and then privatizing Wharf Holdings together with the Pao family, Lin Haoran has already handed the matters over to Ma Shimin, so he doesn't need to worry too much about this matter.

Time passed quickly and it was June 6th.

In the morning, Lin Haoran was awakened by the dazzling sunlight. He rubbed his eyes and sat up from the bed.

Guan Jiahui, who was standing by, was also awakened by Lin Haoran's action of getting up. She turned over the air-conditioned quilt, and her perfect naked body was suddenly exposed.

Lin Haoran became very interested and rushed over directly.

For a moment, sounds inappropriate for children were heard in the room.

It was not until more than an hour later that the noise gradually subsided.

The two of them lay lazily on the bed, enjoying this moment of tenderness.

Guan Jiahui gently stroked Lin Haoran's chest and said in a tender voice: "Brother Haoran, I have something to tell you."

"Oh? Just tell me what's the matter." Lin Haoran turned to look at Guan Jiahui and said with a smile.

“The Modern Girl Fashion Store in Landmark Plaza has been doing very well since it opened. In addition, you helped me waive the rent, so the profit every month is very high. In less than a year, I have saved more than two million Hong Kong dollars.

So I plan to open a second branch in Kang Le Building, but don't worry, I will pay the rent myself this time, you don't need to waive it for me. I plan to build up the business and strive to open more than ten chain stores within three years!" Guan Jiahui said proudly.

There is only one store so far, and she wants to open ten chain stores within three years. It seems that Guan Jiahui is indeed very ambitious.

In less than a year, he earned more than two million Hong Kong dollars, which is indeed a great achievement.

Even her father Guan Shan, before his capital chain broke, could not come up with such a huge sum of money. Therefore, Guan Jiahui did have something to be proud of.

Of course, Guan Jiahui also knew very well that she could achieve this result entirely thanks to Lin Haoran.

Without Lin Haoran providing her with a shop of more than 300 square meters in Landmark Plaza for free and letting her join a high-end clothing brand under the Landmark Group, she would not have been able to start this career smoothly, let alone accumulate wealth in such a short period of time that an ordinary person would find difficult to accumulate in a lifetime.

Therefore, she was naturally grateful to Lin Haoran in her heart. She leaned in his arms and said softly, "Brother Haoran, I really thank you very much. If it weren't for you, I wouldn't have everything I have now."

Hearing this, Lin Haoran stroked her hair gently and said with a smile: "Yes, I support you. If you work hard, you may become a fashion queen in the future. As for thanking you, forget it. You are my woman, and I should help you, isn't it?"

At the same time, Lin Haoran felt some emotion in his heart.

The life trajectory of the actress who was famous in the Hong Kong entertainment industry in her previous life has been completely rewritten by him in this world.

Without the heavy shackles of her father's debt, she will not only not step into the complicated world of the entertainment industry, but instead plunge into the business world and start a business.

However, in Lin Haoran's view, Guan Jiahui's troubles in the business world are nothing but trivial matters.

More than two million Hong Kong dollars is just a drop in the bucket for him, not even a small amount of money.

Even if Guan Jiahui suffered a loss in the end, it would be a small matter for him.

But he also knows that everyone should have their own career and pursuits.

Although it was an established fact that Guan Jiahui would become his woman, if Guan Jiahui was willing to be just a pretty face, he felt that he might lose interest in her in a few years.

Normally, Guan Jiahui did not live in the villa on Sze Hom Road, but in the house in HSBC Building.

That house was also the first house bought by Lin Haoran. At that time, he made a lot of money by taking advantage of the battle for Hutchison Whampoa, and then bought this house, which could be used as both a bedroom and an office.

To this day, he no longer likes that apartment, but it has become Guan Jiahui's usual residence.

The HSBC Building is actually right next to Landmark Plaza, so it is very convenient for Kwan Ka Wai to go to and from get off work.

Only when Lin Haoran wanted to vent would he call her back to Shi Xundao.

At ten o'clock in the morning, they both went out.

Guan Jiahui went to her clothing store, while Lin Haoran did not go to Kangle Building, but went directly to the headquarters building of Bank of East Asia.

Last night, Li Fushu called him and told him the good news that the China Securities Regulatory Commission had approved his proposal to acquire absolute control over the Bank of East Asia and to raise funds for the Bank of East Asia.

In fact, even if the CSRC wanted to stop this kind of thing, it had no reason to do so, especially when the Li family, the original controlling shareholder of Bank of East Asia, agreed, and Lin Haoran's identity was also rather special.

Although they would secretly pass the message to the British financial group, it does not mean that they want to provoke Lin Haoran openly.

Even though they look down on Chinese businessmen, they have to be wary when their status reaches a certain level.

Lin Haoran's influence in Hong Kong's business community and even in the world is growing day by day. The interests involved behind the scenes are intricate and complicated. The CSRC will naturally not easily make enemies for itself.

Arriving at the headquarters building of Bank of East Asia, Lin Haoran went straight to find Li Fushu who was in the chairman's office.

"Haoran, this is the consent letter from the Securities and Futures Commission. We can hold a press conference to announce your financing from Bank of East Asia!" When Li Fushu saw Lin Haoran coming, he handed a reply letter to Lin Haoran.

Looking at the big seal of the Securities Regulatory Commission below, Lin Haoran nodded.

"Mr. Li, I'll trouble you to arrange this matter. I've already prepared the funds!" After reading the letter roughly, Lin Haoran handed the reply letter back to Li Fushu and said at the same time.

Bank of East Asia has been listed for ten years and has issued 1.05 million shares to date after several rounds of financing.

And yesterday, Lin Haoran asked Galaxy Securities to continue to increase its holdings to 3675 million shares, which means that he officially increased his holdings from the original 34.9% to the 35% threshold.

If he wants to increase his stake in Bank of East Asia to 51%, Bank of East Asia will need to issue approximately 3428 million new shares.

Lin Haoran had already discussed all these with the Li family and other members of the Bank of East Asia board of directors.

In addition, considering that Lin Haoran's investment will bring many benefits to Bank of East Asia, if calculated based on the market stock price, Lin Haoran needs to invest about HK$8.68 million in Bank of East Asia for this financing. But in fact, Lin Haoran only needs to inject HK$5 million into Bank of East Asia, which is unanimously agreed by all board members.

After all, once Lin Haoran transferred the financial business of Hong Kong Electric Group, Hong Kong Land Group, Wan Qing Group and other subsidiaries from other banks to Bank of East Asia, the benefits to Bank of East Asia would be huge, and everyone would naturally know it very well. (End of this chapter)

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like