In Hong Kong, we build a global business empire

Chapter 9 Are you afraid that I won't be able to repay you when the time comes?

Yang Changdao is very familiar with this kind of mortgage business.

Although their financial company will certainly conduct an investigation later, there is no problem in making a preliminary judgment on the authenticity.

What's more, funds are usually loaned out only after a thorough investigation.

With Lin Haoran's identity, there is no need to lie in this regard.

Lin Wanan has a very good reputation in the industry, which can also bring certain benefits to Lin Haoran.

"Haoran, I've looked at all of this. With this cement factory and the land deed as collateral, the maximum amount that can be borrowed is more than 10 million Hong Kong dollars. In addition, with your status as the young master of Wan'an Group, I can also help you raise 20 million Hong Kong dollars. You want to borrow 50 million, but I can't do anything about it!" Yang Changdao said bluntly.

"Uncle Yang, 20 million Hong Kong dollars is not my goal. If I only want a loan of 20 million Hong Kong dollars, then there is no need for me to come to you. You know, as a high-quality customer like me, I can easily get this amount from Huifeng Bank or Standard Chartered Bank.

Moreover, many new banks have been established in Hong Kong now. I think they should be happy to do business with high-quality customers like me. However, I did not go to any bank, but came directly to Uncle Yang. "Lin Haoran shook his head and said.

Although Lin Haoran's words were rough, they were true and every word made sense. Compared with other banks, your Yumin Financial Company does not have much advantage. Why should I cooperate with you?
To some extent, the huge amount of funds in banks are actually depositors' deposits.

If these funds are not effectively invested or loaned out, but simply remain idle within the bank, the bank will face serious risk of losses in the long run because the funds fail to play their due value-added role.

What's more, when banks provide deposit services to depositors, they need to pay a certain amount of interest, which is one of the key factors to attract depositors to deposit their funds in banks.

If there is no reasonable interest return, why would depositors be willing to deposit their money in the bank?

So Malaysian state-owned banks like Utama Bank have ample funds, but they also have to try their best to create profits for themselves.

Many clients of the Malaysian Yu Min Financial Company in Hong Kong come to him for loans because the company can provide larger loan amounts.

If he was a capable entrepreneur, Yang Changdao would naturally agree to lend more funds.

But Lin Haoran is too young, and he is not the actual controller of Wan'an Group. If too much money is loaned to Lin Haoran, there will definitely be great risks.

Based on this, Yang Changdao did not dare to lend him too much.

There are still such people in this world.

While you are coveting other people's interest, they have quietly turned their attention to your loan principal.

As a person in this line of work, Yang Changdao has seen this kind of thing many times, so he is naturally worried that he will meet such a person.

"Haoran, let's put it this way. In my capacity as the general manager of Yumin Financial Company in Hong Kong, I will approve for you 30 million Hong Kong dollars. Given your conditions, this amount of funds is already the highest amount I can approve. You also know that Yumin Financial Company is not mine. I am just a regional manager. The funds I approve must be subject to a second review from above, and the risks will also be assessed. If the risk assessment fails, then no matter how much I promise, it will be useless. Don't you agree?" Yang Changdao thought about it and decided to increase Lin Haoran's credit limit by 10 million.

It’s not that he doesn’t want to lend more. After all, the more he lends, the better his performance will be.

But he couldn't afford the risk. If he couldn't get the money back in the future, he would be held responsible.

"Uncle Yang, are you worried that I won't be able to repay the loan when it's due?" Lin Haoran asked with a smile.

Yang Changdao remained silent. Lin Haoran's request made it difficult for him to do what he wanted.

Judging from his expression, it was exactly the reason Lin Haoran mentioned. If he was only targeting Wharf Holdings' shares, 30 million Hong Kong dollars would be enough.

Because too much money would be unfavorable for secretly acquiring shares of Hutchison Whampoa.

But Lin Haoran is not only targeting Hutchison Whampoa, he has another target.

Therefore, if he could borrow another 20 million Hong Kong dollars, he would have a lot of room for maneuver.

"Uncle Yang, I can mortgage all my land and factories to your company, which means I have more than 10 million yuan of funds without risk. As for the other 30 million Hong Kong dollars, Uncle Yang is just afraid that I will run away with the money.

Let me put it this way. I won't make things difficult for Uncle Yang. Let's talk about it openly. The reason I took out the loan is because I want to acquire a listed company. The current market value of this listed company is about 100 million Hong Kong dollars, and it is also a very high-quality listed company. It has not suffered losses since its listing.

And I need to become a major shareholder of this listed company. As for which company it is, I am not in a position to disclose it for now. However, after the acquisition is successful, I can temporarily mortgage my shares to Yumin Financial Company, so Uncle Yang will naturally have no risk.

Besides, I am the young master of the Lin family. Wan'an Group is right there and I can't run away. My father only has two sons. Even if I can't pay it back, Uncle Yang can still go to Wan'an Group to collect the debt from my father, which further reduces the risk.

In addition, as long as Uncle Yang helps me get this loan, the 500,000 yuan tea fee will be given to Uncle Yang at any time.

I believe that with Uncle Yang's identity, it would be a piece of cake to convince the Yumin Bank behind you to agree to this loan.

I wonder if my conditions can impress Uncle Yang?

Doing business inherently involves certain risks. To be honest, loan terms like mine have reduced the risks to the lowest level.

The reason why Uncle Yang hesitated is just because I am too young, but being young is not my fault. I am using this money for investment, even if I lose money in the end, it is impossible for me to lose it all, right?

When the repayment is due, I will be the one who suffers the loss, not your Yumin Financial Company. Our Lin family's business is all in Hong Kong, and I can't run away even if I want to.

If Uncle Yang agrees, then our deal is done.

If this doesn’t impress Uncle Yang, then I’ll have to look for another bank or finance company.”

Lin Haoran didn't want to waste too much time here with Yang Changdao, so he directly stated his bottom line.

The listed company he was referring to was naturally not Wharf Holdings, which was a huge company and was beyond his control today.

Now Lin Haoran just wants to take advantage of Hutchison Whampoa's purchase war to obtain a considerable amount of start-up capital that truly belongs to him.

With so many listed companies in Hong Kong, it’s natural that he has his targets in mind.

The tea fee of HK$1 is already a lot, equivalent to % of the HK$ million loan.

The standard annual bank interest rate in Hong Kong at that time was generally between 5.00% and 5.25%.

In this extremely competitive period in the banking industry, some banks even choose to attract customers with interest rates below 5%.

Of course, Lin Haoran doesn’t have the conditions now, so he doesn’t plan to worry too much about the interest rate.

His most important goal now is to borrow the required funds as soon as possible!
(End of this chapter)