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Chapter 592: Lee Family Rebellion? An Opportunity for the Privatization of Bank of East Asia
Saturday was the day after Bank of East Asia’s share price surged.
Therefore, the stock market did not open.
On that day, Hong Kong's mainstream media basically focused on Bank of East Asia and Bank of Hong Kong.
Everyone was speculating when Lin Haoran would start transferring his company's business from Bank of East Asia to Bank of East Asia.
And how will Huifeng Bank face this crisis?
The streets and alleys were filled with the discussions of citizens.
However, neither Bank of East Asia nor Huifeng Bank responded to reporters' interview requests, and the senior executives remained silent.
Huifeng Bank began to act secretly.
And Lin Haoran was also waiting for Huifeng Bank's action.
As he is unsure of how Huifeng Bank will deal with Bank of East Asia, the most important thing for him now is to be well prepared so that he can deal with it calmly.
Soon, Li Fushu personally received Shen Bi's personal visit at home.
No outsider knows what the two sides talked about during this period.
The bosses of major banks have also received personal visits from the top management of Huifeng Bank.
However, all these were carried out secretly in Huifeng Bank, and no information was disclosed to the outside world.
On Saturday night, Lin Haoran received the faxed information from Cui Zilong at home.
There is not much intelligence information in the data.
However, this news also let Lin Haoran know that Huifeng Bank had finally taken action.
This information included news about Shen Bi personally visiting Li Fushu and personally visiting other bank bosses.
As for Shen Bi's visit to Li Fushu, it happened this morning, but until the evening, Li Fushu did not call Lin Haoran to mention the matter.
From this, it was not difficult for Lin Haoran to judge that Li Fushu's original determination to follow him had begun to change.
Although he was not sure what Shen Bi had discussed with Li Fushu and what benefits he had promised, the conditions offered by Huifeng Bank must be tempting enough.
Lin Haoran sighed.
Originally, he was thinking of asking Li Fushu to help him manage the Bank of East Asia.
But now it seems that this idea may not be realized.
Now that Lin Haoran has completely taken control of Bank of East Asia, it is obviously impossible for the Li family to take back Bank of East Asia, even with the help of Huifeng Bank.
The biggest possibility is that Li Fushu wanted to collude with Huifeng Bank to deal a fatal blow to Bank of East Asia at a critical moment, and at the same time lead his management team to leave Bank of East Asia, thus causing Bank of East Asia to fall into a brief period of management chaos and business connection gap.
At a sensitive juncture in the financial market, such chaos is enough to trigger a series of chain reactions, further undermining investor confidence, causing stock price fluctuations, and even triggering panic runs by customers, dealing a heavy blow to the reputation and market share that Bank of East Asia had worked so hard to accumulate.
Lin Haoran's eyes gradually turned cold, and he tapped the table lightly with his fingers as he thought about how to deal with the situation.
The previous promise to rely on the Lin family now seems a bit ridiculous.
However, these are just speculations now. Since nothing can be found out, he can only make sufficient preparations.
For example, once Li Peicai's family completely abandons Bank of East Asia, he will need to find a successor.
Once Li Fushu is really persuaded by Huifeng Bank to abandon Bank of East Asia, it will indeed be a difficult problem for Lin Haoran in the short term.
He knows nothing about the banking industry. If Li Fushu leads the entire executive team to leave Bank of East Asia, it will cause considerable damage to Bank of East Asia.
The top priority now is to find a response plan, both to prevent Li Fushu's possible betrayal and to plan for the long-term development of the bank.
As for the purpose of Shen Bi's visit to the bosses of other banks, he was not clear for the time being.
Lin Haoran rubbed his eyebrows and sighed.
What an eventful time.
It is indeed not easy to face a competitor like Huifeng Bank.
In comparison, Jardine Matheson was obviously easier to deal with.
He thought about it and called Ma Shimin.
Ma Shimin should be at home during this period of time, so he called Ma Shimin's home directly.
Sure enough, the person who answered the phone was Ma Shimin.
"Boss, do you have something to talk to me about?" At this moment, it was already past eight o'clock in the evening, so Ma Shimin was a little surprised to learn that Lin Haoran was looking for him at this time. "Yes, it is indeed something very important." Lin Haoran said, and told Cui Zilong the intelligence information he had collected and his own guesses one by one.
Among his many generals, Ma Shimin's ability is definitely the strongest.
After all, such a large enterprise as the Swire Properties Group is managed in an orderly manner by Ma Shimin, with its performance booming. His business acumen, management methods and crisis handling capabilities are all top-notch.
"Boss, what you mean is that the Li Peicai family may give up the Bank of East Asia, so you want me to help prepare a temporary team in advance to take over the Bank of East Asia without senior management at any time?" Although Lin Haoran did not express this idea, Ma Shimin quickly thought of it.
Lin Haoran said in a deep voice: "Mr. Ma, you are indeed quick-witted. Yes, I do have this concern. Li Fushu did not mention a word about Shen Bi's visit this morning, and the change in his attitude has begun to show.
Moreover, he had not been to the office of Bank of East Asia all day today. If he had really colluded with Huifeng Bank and left at the critical moment, Bank of East Asia would surely fall into chaos.
We have to prepare in advance to prevent any unexpected events. Now I know nothing about this, so I can only rely on you."
Lin Haoran acquired Bank of East Asia in the capacity of Universal Investment Company, so Bank of East Asia has no direct relationship with the Hong Kong Land Group.
However, the Jardine Mathew Group is now Lin Haoran's private enterprise, so it is completely normal to ask Ma Shimin to help him at this time.
Ma Shimin was silent for a moment, then said: "Boss, don't worry, I will contact several senior executives who are good at the financial industry tomorrow morning and discuss this matter with them secretly. In addition, we are also ready to withdraw the capital business from Huifeng Bank at any time."
"Okay, then I'll trouble you, Mr. Ma!"
After hanging up the phone, Lin Haoran sat on the sofa and began to think.
If it was really as he guessed, that the Li Peicai family was going to give up the Bank of East Asia, he would not be very disappointed, but he just couldn't find a suitable successor for the time being.
Sooner or later, he will know what Huifeng Bank's plan is. Now he can only wait for news from Cui Zilong.
The senior executive bribed by Cui Zilong was not considered a core senior executive and was excluded from some important meetings.
So, he only knew a rough idea.
"If the Li family really betrays the Bank of East Asia, then can I take this opportunity to privatize the Bank of East Asia?" Lin Haoran suddenly had this idea.
Before, because it was impossible for the Li family to completely abandon Bank of East Asia, he had no idea of privatizing the Bank of East Asia.
However, it is not known what Huifeng Bank said to the Li family that made it possible for the other party to betray Bank of East Asia.
In this way, maybe he can really privatize Bank of East Asia completely?
Until Sunday, Li Fushu had not made any phone calls to Lin Haoran.
In the study of Li Peicai's family villa, Li Fushu, Li Guobin and other core members of the Li Peicai family are sitting around an antique rosewood round table. The atmosphere is solemn and depressing.
"Dad, do we really have to agree to Huifeng Bank and cooperate with them?" Li Guobin said in a deep voice.
Before this, it was he who proposed the decision to rely on the Lin family.
At that time, my father also agreed.
But now, after Shen Bi's visit, his father Li Fushu has changed his mind.
“No matter how powerful Lin Haoran is, he can’t stand alone in the face of the joint isolation of banks and enterprises in Hong Kong. The conditions offered by Huifeng Bank are a great opportunity for our family to get rid of the current predicament and move to a higher level.
Although we had made promises to Lin Haoran before, all of this was just for the sake of profit. Lin Haoran forcibly seized the Bank of East Asia, and the reason we gave in was simply because we were not strong enough to compete with him and we had to temporarily avoid the limelight.
Now the situation has changed, and Huifeng Bank has offered us an olive branch. If we don’t seize it, won’t we miss the opportunity?” Li Fushu said solemnly.
Several other core members of the Li family also nodded frequently.
Although they gradually accepted the plan of relying on the Lin family, that was under the condition of relying on Lin Haoran, which had the ability to enable Bank of East Asia to surpass Hang Seng Bank and even Huifeng Bank in the future.
But now, Huifeng Bank plans to directly prevent Bank of East Asia from developing. If they still foolishly follow the Lin family all the way to the end, then what may await them is the accelerated collapse of the Li family's century-old foundation.
Lin Haoran has other industries and can afford the losses.
The main business of the Li family is in the banking industry. If they do not withdraw and the Bank of East Asia fails in the business war with Huifeng Bank, the Li family cannot afford the loss!
Li Guobin was still a little hesitant.
Yesterday morning, Shen Bi came to ask for help.
However, the Li family has not agreed because Li Guobin has not made up his mind.
"Guobin, do you think that Lin Haoran can use the Bank of East Asia to compete with the entire Hong Kong banking industry? Give up this idea! If we continue to follow Lin Haoran, we can't afford the consequences!" Li Fushu sighed.
"Yes, Huifeng Bank promised us that it would launch the attack after we sold all the stocks. In this way, we will have the opportunity to sell our stocks at a high price, which is the maximum benefit for our Li family.
Although the stock price may fall as a result of selling so many stocks at once, we can at least recover HK$1 billion or even more, which is a good choice for us.
With this capital, plus the support of Huifeng Bank, and our reputation in Hong Kong for so many years, we can quickly re-establish a bank. In this way, losing the Bank of East Asia will not be a big deal! "Li Guobin's second uncle also spoke up. (End of this chapter)
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