In Hong Kong, we build a global business empire

After the share increase, the shares of Bank of East Asia held by Li Peicai's family will drop from the original 32.3% to around 24.34%.

As for other shareholders, their shareholding ratio will also decrease accordingly, which is inevitable after the issuance of new shares.

"Okay, I'll arrange it now!" Li Fushu agreed immediately.

That morning, after the matchmaking, Lin Haoran personally signed a capital entry agreement with Bank of East Asia.

After the agreement was signed, Lin Haoran also asked the finance department to deposit 500 million Hong Kong dollars into the Bank of East Asia.

At this point, he officially took over Bank of East Asia, holding 51% of Bank of East Asia's shares and becoming the absolute controlling shareholder of Bank of East Asia.

The Securities and Futures Commission approved Lin Haoran to only hold 51% of the shares and he was not allowed to continue to increase his holdings, otherwise he would need to privatize the Bank of East Asia.

Lin Haoran doesn't care about this.

Li Peicai's family would definitely not let him privatize Bank of East Asia, so they were satisfied with 51% of the shares. After all, one should not be too greedy.

Although the stock price would surely rise after he took over, and he could have bought more shares and even resold them, it seemed a pity that he couldn't do so.

However, Lin Haoran didn't care much about it.

It is already a surprise to be able to hold 51% of the shares.

Even if Bank of East Asia’s share price rises two or three times or even more, so what?

Compared with the money he earned from Toyota Motor, even if the Bank of East Asia doubled or tripled, it was nothing.

Besides, even if he increased his holdings, he would not sell them under normal circumstances. Therefore, after he had absolute control, the stock price was not that important to him.

Subsequently, at 12:30 noon, Bank of East Asia held a press conference at its headquarters building.

At the press conference, Li Fushu solemnly announced in front of dozens of Hong Kong mainstream media reporters the news of Bank of East Asia's financing and that Lin Haoran had officially become the absolute controlling shareholder of Bank of East Asia.

When the news was announced to the public, the scene exploded instantly.

After Hang Seng Bank was acquired by the British bank Bank of East Asia, the Bank of East Asia, a long-established Chinese bank, once again regained its position as the largest Chinese bank.

Therefore, Bank of East Asia has a considerable influence in Hong Kong.

But now, the founding family of Bank of East Asia announced that Lin Haoran has become the major shareholder of Bank of East Asia and holds a 51% stake. This makes all reporters feel incredible, as if it is a fairy tale.

Reporters were whispering to each other, flashes of light were flashing, and all kinds of questions were bombarded at Li Fushu like a machine gun.

"Mr. Li, why was your Li family willing to give up the controlling stake in Bank of East Asia? Is there any inside story?" The reporter from Hong Kong Business Daily asked first.

Li Fushu frowned slightly, but his expression remained calm. He cleared his throat and said, "Everyone, there is no so-called inside story. Mr. Lin is an entrepreneur with great strategic vision and business strength. His entry into Bank of East Asia will bring new development opportunities and broad market prospects to the bank.

After careful consideration, we, the Li family, believe that cooperating with Mr. Lin to jointly promote the development of Bank of East Asia is in the long-term interests of the bank."

"Mr. Lin Haoran did not have much experience in the financial industry. How could he lead Bank of East Asia to stand out in the highly competitive Hong Kong financial market?" another reporter asked a sharp question.

Li Fushu replied with a calm smile: "Although Mr. Lin does not have a deep background in the traditional financial industry, he has outstanding achievements and rich experience in the business field, which I believe everyone recognizes.

His industries cover multiple fields and have extensive resources and connections. Apart from anything else, once all of Mr. Lin's companies cooperate with Bank of East Asia, it will be enough to bring Bank of East Asia huge business and sufficient funds.

This alone is enough to take Bank of East Asia to a new level on its current basis!"

Li Fushu's answer immediately made many reporters present nod their heads involuntarily.

Indeed, Lin Haoran’s assets in Hong Kong are really huge, including the Hong Kong Land Development, Hong Kong Telephone, Hong Kong Electric Group, Man Ching Group, Kowloon Motor Bus, China Gas and so on.

Any one of these companies is a giant company.

Once Lin Haoran becomes the controlling shareholder of Bank of East Asia, he will definitely give priority to cooperating the financial business of his own companies with Bank of East Asia.

"Mr. Li, in this case, won't you be in a passive position in Bank of East Asia? Will the future management rights of Bank of East Asia be decided by Mr. Lin?" the reporter from Hong Kong Securities Daily asked immediately.

"I can tell you this. Although Mr. Lin will become the major shareholder of Bank of East Asia in the future, our Li family has already reached an agreement with Mr. Lin. The future management rights of Bank of East Asia will continue to be handed over to us, and Mr. Lin will not interfere too much in the affairs of Bank of East Asia!" Li Fushu continued to answer.

Lin Haoran, who was sitting nearby, also stood up and said, “As Mr. Li Fushu said, I, Lin Haoran, will not interfere too much in the future management of Bank of East Asia. I know very well that professional matters should be handled by professionals.

I joined Bank of East Asia hoping to leverage my own resources and influence to create better external conditions for the bank's development, while the specific operations and management of the bank still depend on an experienced and professional team like Mr. Li."

Lin Haoran looked around the room and continued, "Although I don't have deep experience in the financial industry in the traditional sense, I believe that the success of a company depends not only on experience in a single field, but also on resource integration and strategic vision. I will provide ideas and support to Bank of East Asia in terms of strategic planning and business development, but I will never interfere with the normal management order of the bank."

His answer gave Li Fushu enough face so that he would not appear too embarrassed in front of everyone after losing controlling stake in Bank of East Asia.

After all, giving up the controlling stake in Bank of East Asia, which was originally held entirely by their Li Peicai family, would be an absolute joke in the eyes of some wealthy families, and might even be considered a symbol of the family's decline.

Lin Haoran's answer immediately caused a burst of enthusiastic cheers from the reporters on the scene.

Next, reporters asked a few more questions, and the press conference officially ended half an hour later.

At the same time, although this news had not yet been reported by the media, there were too many people at the scene. After the press conference, the news about Lin Haoran's acquisition of Bank of East Asia spread quickly.

As the news spread further, the entire Hong Kong financial community was shocked.

The major financial institutions and investment banks that first received the news began to re-evaluate the value and potential of Bank of East Asia.

Some market makers who had originally taken a wait-and-see attitude towards Bank of East Asia also began to make moves, trying to get a piece of the pie in this capital feast.

Even if these dealers wanted to conceal this matter, it would be impossible.

Therefore, it didn't take long for the news to spread rapidly among investors.

Those who are quick have already started buying Bank of East Asia shares in large quantities.

Some investors wanted to withdraw their orders, but it was too late.

Soon, the share price of Bank of East Asia rose rapidly. Its original total market value of more than 26 billion soared all the way up, breaking its own record.

27 billion, 28 billion, 29 billion, 30 billion...

Less than half an hour after the press conference ended, the total market value of Bank of East Asia exceeded HK$30 billion.

And this is far from the limit of Bank of East Asia's growth.

After all, everyone knows that once all of Lin Haoran's companies cooperate with Bank of East Asia, the improvement of Bank of East Asia will be obvious and have unlimited potential.

As long as Lin Haoran's corporate financial business is transferred to Bank of East Asia, Bank of East Asia may even surpass Hang Seng Bank in terms of deposits alone!
The current market value of Hang Seng Bank is as high as HK$152 billion.

Today, the gap between the market value of Bank of East Asia and that of Hang Seng Bank is too huge, which further demonstrates that the future market value of Bank of East Asia has great prospects.

All of this, in everyone's opinion, is a good opportunity.

Once the financial businesses of giant companies such as Hong Kong Land Development, Hong Kong Telephone and Hong Kong Electric Group are injected into Bank of East Asia, their capital flow, customer resources and business scope will achieve a qualitative leap.

Those dealers naturally understand that if they don’t take action now, when will they take action?

Relying on their keen market sense and strong financial strength, they began to buy up shares in the market, further pushing up the share price of Bank of East Asia.

Inside the Hong Kong Stock Exchange, traders were busy as phones rang and keyboards tapped.

On the big screen, the stock price chart of Bank of East Asia was like a steep straight line, climbing all the way up.

"Hurry, buy another 500 million shares of BankAsia!" a market maker shouted to the trader on the other end of the phone.

"No, boss. The buying in the market is too strong now. It's hard to buy so much." The trader responded anxiously.

"No matter what, do everything you can to buy it for me. This is a once-in-a-lifetime opportunity!" the dealer said anxiously.

At the same time, some retail investors were also attracted by the hot market and followed suit to buy.

"Haha, I made the right purchase. Bank of East Asia's stock is simply a super bull stock!" A retail investor excitedly said to his friends.

"I'm so lucky. I have been holding 10,000 shares of Bank of East Asia. Fortunately, I didn't sell them to buy other shares. If the market value of Bank of East Asia exceeds 10 billion Hong Kong dollars in the future, then my 10,000 shares can at least help me earn hundreds of thousands of Hong Kong dollars. I feel like I'm going to get rich!" Another middle-class citizen with considerable assets could no longer contain his excitement at this moment.

He clenched his fists tightly, as if he had already seen wealth beckoning to him.

After the market value of Bank of East Asia exceeded HK$30 billion, the growth rate has not slowed down, but is accelerating instead.

31 billion, 35 billion, 40 billion, 45 billion...

When the bell rang for the stock market to close, the market value of Bank of East Asia had exceeded HK$52 billion, which was double the market value at the opening! (End of this chapter)