In Hong Kong, we build a global business empire

Chapter 604 It’s outrageous, the stock price fell to HK$5 per share!

But given the current situation of Bank of East Asia, Dashan really feels powerless, as if he has no strength to use and a skilled cook cannot cook without rice.

Unless it gets help from external forces, such as the boss's other business, the Land Group.

As a senior manager of the financial projects of the Hong Kong Land Group, he is well aware of the current financial situation of the Hong Kong Land Group and is naturally aware that the group has strong financial resources and stable operations.

With the strength of the Hong Kong Land Group, it would be easy to save the Bank of East Asia.

It should be noted that the current predicament faced by Bank of East Asia is simply that some funds cannot be recovered temporarily due to loans issued, and it is not that it is burdened with huge debts of billions.

Therefore, even if the Hong Kong Land Group invests money to assist Bank of East Asia, it will not bear any risks, but will instead earn interest income from it.

However, the boss has already stated that he is not considering transferring the company's financial operations to Bank of East Asia for the time being.

Therefore, Dashan is now helpless in the face of this situation and can only hope for a new turn of events from his boss, or to get even a glimmer of more flexible assistance.

However, Lin Haoran smiled.

The bank run was not a problem for him at all.

With his current financial resources, he could just temporarily transfer 3 billion from the Hong Kong Land Group, and the bank run crisis at Bank of East Asia would be easily resolved.

As for all the customers running away, that is not a problem at all.

As long as he transfers in the financial businesses of companies such as the Hong Kong Land Group and the Hong Kong Electric Group, Bank of East Asia will be able to live a comfortable life.

In addition, Guo Henian also promised to transfer Huifeng Bank's business to Bank of East Asia when necessary, so Lin Haoran already had enough confidence in his heart.

As the dominant force in Hong Kong's financial industry, it will be difficult for Bank of East Asia to surpass HSBC Bank in overall strength in the short term.

However, through this series of measures, the Bank of East Asia can first stabilize its current crisis-ridden situation, and then gradually seek development, and it may be able to create a new world in this complex financial chess game in Hong Kong.

They are just customers. Even if they run away now, they can come back later. It’s not a problem.

As for the unknown force behind the scenes, everyone knows it is definitely Huifeng Bank.

"Mr. Dashan, just do as I say. In the next period of time, your core task is to deal with the wave of customer runs. Try to win back as many customers as possible. If they really need to withdraw cash, do your best to handle it for them. Provide our service well, and don't worry about other things. I have already made other plans." Lin Haoran said with a smile.

After a short pause, he continued to instruct: “You must immediately issue a formal announcement in the name of the Bank of East Asia, stating that from now on, Li Fushu, Li Guobin and others will no longer hold any relevant positions in the Bank of East Asia.

After the announcement is released, it must be spread quickly, especially focusing on the stock market. You should personally call and coordinate with the four major stock exchanges, and ask them to post this announcement in the most prominent place on the stock exchanges, so that all investors can see it immediately! "

Lin Haoran knew in his heart that Huifeng Bank was determined to kill him, so why not take advantage of the situation and take the initiative to create a "storm".

As a result, the share price of Bank of East Asia will inevitably plummet like a kite with a broken string in the afternoon.

After all, at this critical moment when the bank was in turmoil and facing life and death, Li Fushu, who was regarded by the outside world as the soul of the bank, chose to "leave". This was a blow to market confidence and Bank of East Asia, which was like adding insult to injury. Its severity is self-evident.

For him, this was undoubtedly an excellent opportunity to privatize Bank of East Asia in a short period of time, easily and at a low cost.

The harder the stock price falls, the lower the cost of privatization will naturally be.

Therefore, at the moment, not only will he not take any measures to stabilize the stock price, but he will instead add fuel to the fire.

Although such operations may seem like manipulation of the stock market, everything is just going with the flow and is based on realistic considerations of the current situation.

Anyway, the source of everything is Huifeng Bank, and the shareholders can't blame it at all.

Seeing the boss say this, Dashan chose to listen to him.

Although he didn't understand why the boss not only did not rescue the market, but even took such a shocking move at this critical juncture that seemed to add fuel to the fire, but since this was the boss's choice, he could only choose to trust and execute it unconditionally.

"Okay, boss. I will follow your instructions and try my best to do my best. If you have nothing else to do, I will go down to take charge of the work first. Now there are more and more customers queuing up to withdraw cash at major branches, and I'm afraid there will be trouble!" Dashan said hurriedly.

The sudden bank run brought great challenges to the entire Bank of East Asia. For example, some branches had insufficient cash reserves and needed to transfer cash from other banks.

For example, some employees faced with the surging crowds of people rushed to the bank, and they were under great psychological pressure, which led to operational errors and emotional fluctuations, resulting in reduced service efficiency and the breeding of customer dissatisfaction;
For example, some media with ulterior motives took the opportunity to hype up the difficulties of Bank of East Asia, creating an atmosphere of panic and causing more depositors who believed the rumors to join the bank run.

Therefore, as the interim head of Bank of East Asia, Dashan has to deal with challenges that are far more than just fund allocation and customer appeasement.

Lin Haoran nodded slightly, with a soothing look in his eyes: "Go, Dashan, stabilize the situation, and do everything according to the plan. If there is any emergency, report to me in time."

After getting the boss's response, Dashan did not dare to delay for a moment and immediately turned around and left in big strides.

After Dashan left, Lin Haoran looked at the time. It was almost one o'clock in the afternoon.

In other words, the lunch break is about to end and the stock market is about to open again.

At the Bank of East Asia, he doesn't have anything to do for the time being. With the executive team that originally stayed at the Bank of East Asia and the team that came from the Hutchison Whampoa Group, he is not worried about any major chaos.

Lin Haoran also looked at the loyalty levels of the Bank of East Asia executives who stayed behind. Basically, their loyalty levels were between 70 and 80, and they were all usable people.

Thinking of this, Lin Haoran left the headquarters building of Bank of East Asia and headed for the Kangle Building. Since he was planning to privatize Bank of East Asia, what he was most concerned about now was naturally the share price of Bank of East Asia.

Everyone knows that the share price of Bank of East Asia will plummet, but no one can guess to what extent, including Lin Haoran.

After returning to Kangle Building, Lin Haoran was not in a hurry to go to the office of Galaxy Securities. Instead, he took his bodyguards to the group's cafeteria for a simple lunch, and then slowly went to the office of Galaxy Securities.

At this time, the announcement from Bank of East Asia was posted in the most conspicuous places in the four major stock exchanges.

Effective immediately, Li Fushu will no longer serve as the chairman of the board of directors of Bank of East Asia, and Li Guobin will no longer serve as the president of Bank of East Asia...

The place where the announcement was posted immediately attracted a large number of investors.

Among the crowd, exclamations and discussions arose one after another.

"Oh my God, this news is so sudden! Li Fushu is the soul of Bank of East Asia. What will happen to Bank of East Asia if he leaves?" An old shareholder with gray hair adjusted his glasses with trembling hands, his eyes full of shock and worry, as if he saw the tragic situation of his years of savings about to go down the drain.

A series of appointment and dismissal information exploded in the exchange like a bombshell, and investors were instantly shocked.

Although Lin Haoran mentioned this matter to reporters the day before, it has not been implemented after all.

News that has not been announced may be false.

But now, the announcement has come out, and it is stamped with the official seal of Bank of East Asia. The matter is a done deal and there is no room for maneuver.

Panic spread rapidly among the crowd like a plague.

By the morning, all kinds of rumors had spread throughout Hong Kong, leading to a run on the branches of the Bank of East Asia.

Now, this appointment and dismissal information is like a heavy hammer, hitting investors' already tense nerves hard, causing the market's panic to reach a boiling point in an instant.

"I told you, those previous rumors were definitely not groundless. Li Fushu and Li Guobin are both gone, and with the suppression from Huifeng Bank, Bank of East Asia is definitely going to be finished. What should I do with my shares? I can't sell them!" A shareholder who holds a lot of Bank of East Asia shares is now filled with regret and anxiety.

"From this point of view, even if Lin Haoran is extremely powerful, it will be difficult for him to save the Bank of East Asia. What's more, he doesn't seem to have any intention of saving it. The shares of the Bank of East Asia will sooner or later become a piece of waste paper. No matter how much I can sell, at least I can get some money back. I have to sell it as soon as possible at a lower price, so that I can make more money." An impulsive young man no longer had the patience to wait any longer.

The stock investors in the exchange were suddenly thrown into extreme panic.

The most direct manifestation is that the share price of Bank of East Asia is getting lower and lower, and the price at which shareholders are selling is getting lower and lower.

At the close of the morning, the stock price was still around HK$19.5 per share.

But now, as all kinds of unfavorable news about Bank of East Asia reached everyone's ears, the stock price has been plummeting like a slide.

HK$18, HK$15, HK$12… the stock price continued to fall at an almost crazy speed, and each refresh was accompanied by a sigh of despair.

Those investors who had originally held on to a glimmer of hope that the stock price would stop falling and rise again are now completely desperate.

Soon, the stock price broke through HK$10 per share.

However, this is far from the end of the stock price decline.

9 Hong Kong dollars, 8 Hong Kong dollars, 7 Hong Kong dollars, 5 Hong Kong dollars...

Less than an hour after the afternoon session opened, the share price of Bank of East Asia had fallen to HK$5 per share.

However, the stock price finally began to stabilize at this time, and no one continued to place orders at a lower price for the time being.

After all, there are gamblers everywhere.

Some people believe in the idea of ​​taking a chance and turning a bicycle into a motorcycle. Even though Bank of East Asia is now in a precarious situation, they still have the fantasy of the stock price bottoming out and rebounding and making a fortune, and have begun to quietly buy stocks at low prices.

Having a buy order is like having a source of confidence for many investors.

They naturally hope that their stocks can be sold at a higher price.

However, this is only the idea of ​​a small number of people. Faced with the huge volume of pending orders in the stock market, this little absorption is like an ant trying to shake a tree and a drop in the ocean, and its impact on the overall situation is minimal.

At the same time, in an office of Li Peicai's family, Li Fushu listened to the report call from his subordinates and felt like crying but had no tears.

Their family still holds nearly 20 million shares of Bank of East Asia. Yesterday, they had the chance to sell them at HK$5 per share, but now they are only worth HK$ per share?
Regret, a feeling of regret completely overwhelmed Li Fushu like a surging tide. His face was as pale as paper, and the hand holding the phone couldn't stop shaking.

The subordinate on the other end of the phone was still chattering about the tragic situation after the stock price plummeted, but he could not hear a word. The words "now it is only worth 5 Hong Kong dollars per share" kept echoing in his mind, as if countless sharp needles were pricking his nerves.

Their Li family is not a super-rich family like Lin Haoran, and their net worth is only about 10 billion Hong Kong dollars.

But now, the family's remaining nearly 10 million shares of Bank of Asia, originally worth hundreds of millions of Hong Kong dollars, have seen their market value plummet to less than 50 million, and there is a great possibility that they will not be able to sell them at all.

Such huge gaps were like heavy hammers hitting his heart, making it difficult for him to accept this cruel reality.

"Why... why didn't I agree to sell it to Lin Haoran last night!" Li Fushu held his head in his hands, his voice full of pain and self-blame, and he seemed to have aged ten years in an instant.

(End of this chapter)