In Hong Kong, we build a global business empire

Chapter 603: I gave you a chance, but you are useless!
According to Li Fushu's idea, Lin Haoran will definitely try his best to deal with the war provoked by Huifeng Bank.

In this way, the share price of Bank of East Asia is unlikely to fall too much.

So, yesterday, when Lin Haoran proposed to buy his remaining shares at HK$20 per share, he decisively refused.

But now it seems that they have no plans to save the market at all!

Doesn’t this mean that the share price of Bank of East Asia will continue to fall without limit?

Even when there was no bank run, the stock price had already fallen below HK$20.

Now that a bank run has broken out, the impact on Bank of East Asia's share price will undoubtedly be worse. It is likely that the share price will plummet all the way and break through the psychological defense line that the market can anticipate.

The more Li Fushu thought about it, the more anxious he became. Beads of sweat appeared on his forehead and his hands unconsciously stroked the table.

He originally thought that Lin Haoran would immediately take measures to stabilize the stock price and reverse the unfavorable situation of Bank of East Asia in public opinion and the industry, but he did not expect Lin Haoran to be so calm, as if everything was under his control, and as if the survival of Bank of East Asia had nothing to do with him.

"What on earth is he planning?" Li Fushu muttered to himself, his eyes full of confusion and anxiety.

He already regretted rejecting Lin Haoran's offer to buy it for HK$20 yesterday.

If I had agreed at that time, I could at least have sold it at a relatively reasonable price, instead of having to watch the value of the stocks I hold shrink dramatically as the stock price plummeted, as I am doing now.

At this moment, it is obviously impossible to ask Lin Haoran to acquire the shares at a price of HK$20 per share.

In the morning, he had thought about selling through the stock market, but in fact, there were too many people selling throughout the morning, and in the end, not many shares were actually traded, which simply pushed the stock price down.

Therefore, they still hold almost the same number of shares today as they did yesterday, but the value of these shares is now as shaky as a candle in the wind.

"Haoran, I agree to sell all the shares of Bank of East Asia held by our Li family to you at a price of HK$20 per share." After struggling for a while, Li Fushu mustered up the courage and tried to speak.

At this moment, he addressed Lin Haoran in a more intimate manner, no longer calling him Mr. Lin, in an attempt to evoke their previous affection and add some bargaining chips to the negotiations.

However, Lin Haoran refused without hesitation and had no intention of continuing the conversation on this issue.

He said calmly: "Mr. Li, it seems that the share price of Bank of East Asia is about to collapse. I am glad that you did not agree to this price last night, otherwise I would have lost a lot again."

I gave you a chance, but you failed to make use of it. Who can you blame?
Ever since Li Peicai's family decided to remain neutral and personally tore up the alliance between them, Lin Haoran had already planned not to show any mercy to the other party.

Listening to Lin Haoran's slightly sarcastic words, Li Fushu's face turned pale instantly and his lips trembled slightly. He wanted to refute but didn't know where to start.

He never expected that Lin Haoran, with whom he had some friendship in the business world and with whom he treated each other with courtesy, would now say such heartless words.

However, he no longer planned to sell his shares to Lin Haoran.

After all, their Li family is one of the four major families in Hong Kong, and Li Fushu is also a well-known person.

Lin Haoran's reply was considered a humiliation to him.

At this time, there was a knock on the door and the person who came in was Li Guobin, the president of Bank of East Asia.

However, he is about to resign from this position.

"Dad, Mr. Lin," Li Guobin's eyes swept over the two of them and continued, "I have completed all the handover work with the people sent by you, Mr. Lin. From this moment on, I think our Li family can completely say goodbye to the Bank of East Asia."

Li Guobin looked at Lin Haoran with a complicated expression.

In fact, he still wanted to continue cooperating with Lin Haoran, but since his father and uncle had decided not to form an alliance with Lin Haoran in order to preserve the family's strength, he could only follow the family's arrangements.

But at this moment, facing Lin Haoran, the scene of working with Lin Haoran to provide advice for the Bank of East Asia kept emerging in my mind, and I couldn't help feeling a little melancholy.

Upon hearing this, Li Fushu stood up, sighed, and said to Lin Haoran: "Since the handover has been completed, our Li family will no longer hold any position in the Bank of East Asia. Mr. Lin, you can take care of yourself!"

As he spoke, he looked around the office several times, his face full of reluctance.

The Bank of East Asia is the legacy built by his grandfather's generation.

Now, due to the changing situation and the family's decision after weighing the pros and cons, they have to give it up with reluctance.

But how can the deep feelings accumulated over the years be cut off just like that?
Li Fushu's eyes gradually turned red, a layer of mist quietly spread, and his Adam's apple trembled slightly in his neck, as if there were heavy words stuck in his throat that he couldn't utter.

A hundred years later, if he were to go to the underworld, he would not know how to face his ancestors.

Should he say to his grandfather with a guilty conscience: "Grandpa, it's my incompetence that caused the Bank of East Asia, which you founded, to be handed over to others?" Thinking of this, Li Fushu's mood became increasingly heavy and complicated, like a tangled mess that could not be cut or sorted out.

Lin Haoran looked at Li Fushu quietly, his expression calm, without a trace of disturbance.

He slowly stood up, nodded slightly, and said, "Mr. Li, thank you for the Li family's contribution to Bank of East Asia over the years. Business is like a chess game, and you should never regret your moves. I hope your Li family will be successful in the future."

Li Fushu did not refute, but nodded and said, "Now that things have come to this, I hope Mr. Lin can turn the tide in the face of the challenge of Huifeng Bank. However, this Bank of East Asia is no longer the same as it used to be."

After saying that, he straightened his hunched back and slowly walked out of the office with Li Guobin.

Li Fushu, who is nearly seventy years old, seems to be even older in Lin Haoran's eyes.

However, he did not feel any pity for her, nor did he have too much energy to feel sad about this moment.

The business world is ruthless, where the fittest survive and there is no room for leniency or hesitation.

Ever since the Li family decided not to continue cooperating with him, he has become a stranger to the Li family.

Although they will not become enemies, they will never have the kind of close friendship and cooperation that they had achieved before.

Now, Bank of East Asia is in a precarious situation, so he should focus on Bank of East Asia.

As for Li Peicai's family, what does it have to do with him?

The moment all the members of the Li family left the headquarters building of Bank of East Asia, it meant that Bank of East Asia and the Li family had completely drawn a line between themselves and the Li family, and that they had completely lost the right to manage Bank of East Asia!

At this moment, Bank of East Asia truly and completely belongs to Lin Haoran.

After Li Fushu and Li Guobin left the headquarters building of Bank of East Asia with their Li family confidants, Lin Haoran called in a middle-aged foreigner.

The middle-aged foreigner is named James, but he gave himself a Chinese name, Dashan. He is a senior executive of the Hong Kong Land Group and has been working in the group for nearly ten years.

Before joining the Hong Kong Land Group, he worked at Barclays Bank in the UK for more than ten years. After joining the Hong Kong Land Group, he has been in charge of the financial-related work of the Hong Kong Land Group and has rich experience in the financial industry.

This time when Lin Haoran took over the Bank of East Asia, Ma Shimin helped him assemble a small team from the Jardine Matheson Group that had a good understanding of the banking industry, and Dashan was the head of the team.

More than half of the senior executives of Bank of East Asia were close associates of Li Peicai's family. Now that they have left Bank of East Asia, more than half of the senior executives of Bank of East Asia have also left at once.

The remaining senior management will certainly not be able to run the entire Bank of East Asia completely and intactly. In addition, it is still a turbulent time now, and the joint isolation from Hong Kong foreign-funded and Chinese banks such as Huifeng Bank makes it even more difficult.

The senior team temporarily transferred from the Jardine Matheson Group plays a crucial role at this moment.

In the past few days, the team has been following Li Guobin and other original management teams to carry out the handover.

"Boss, I happen to want to talk to you about something." Dashan said as soon as he came in.

At this moment, his face did not look very good.

The current situation of Bank of East Asia is not good at all.

Not only has the original main management team left, the Hong Kong Banking Association has also united to isolate the Bank of East Asia, and now there is a run on the Bank of East Asia.

This situation was extremely stressful even for someone like him who had been working in the financial field for many years and was very experienced.

So, Dashan is having a headache at the moment.

Putting aside other things, the most important thing now is how to deal with the sudden bank run.

"Well, Mr. Dashan, don't panic, just speak slowly." Lin Haoran, on the contrary, was extremely calm.

He smiled and motioned Dashan to sit down, and personally poured him a cup of tea. His calm demeanor calmed Dashan's originally anxious heart a little.

Dashan took the tea, took a sip, took a deep breath, and said, "Boss, the bank run is coming fiercely now. Depositors are flocking to withdraw their deposits. Although our cash reserves are still sufficient, we won't be able to hold out for long at this rate.

Moreover, there are unknown forces behind the scenes fanning the flames, constantly spreading news that is unfavorable to us, causing more depositors to panic. We should regain the confidence of our customers as soon as possible, so that we can successfully overcome the difficulties of the bank run. "

The bank run just happened less than an hour ago, so in the short term, Bank of East Asia must have sufficient funds. However, if it continues like this, Bank of East Asia’s funds will definitely run out in a few days at most, and the situation will then be completely out of control.

This is also the reason why Dashan is so anxious.

Although he is now in charge of Bank of East Asia temporarily, he also wants to achieve results, otherwise how will his boss view him?
(End of this chapter)