LATEST UPDATES

Published at 25th of December 2023 05:16:42 AM


Chapter 332: [Look at the family bank! ] (Seeking monthly pass

If audio player doesn't work, press Stop then Play button again








Chapter 332 [Look at the family bank! 】(Ask a monthly pass!)

On the third day of the run on Liu Chong Hing Bank, Liu Chong Hing Central Des Voeux Road West Headquarters, Wan Chai Hennessy Road Branch, Kowloon Nathan Road Branch, Mong Kok Branch, Prince Edward Road Branch, and Sham Shui Shed Branch have not yet opened. There are already a lot of people and crowds. The line waiting for withdrawal is like a long dragon lying on the road.

As soon as Liao Chong Hing Bank opened its doors, these people swarmed up, which hurt the staff inside.

Liao Baoshan had closed doors with other banks yesterday, and the only way was to borrow from others with the property's ‘shrinkage mortgage’.

So, today, Liao Chong Hing Bank has prepared another 20 million Hong Kong dollars to respond. Together with the 10 million Hong Kong dollars borrowed from Chaoshan fellows two days ago, it has now prepared 30 million Hong Kong dollars, accounting for 50% of the total deposits.

"I hope that this run can be put to rest today!" At this time, Liao Baoshan had not slept well for three days, and the vicissitudes of life on her face were obvious.

Liao Baoshan feels heartache when thinking of the ‘shrinkage mortgage’ property;

If you don’t have any money in the future, and you return it to those who lent it to yourself, these ‘shrinkaged mortgage’ properties will belong to the borrower.

This is obviously a loss to grandma’s house, and this shrinkage has reached more than 30%;

Then I have not made a lot of money in the past few years, and coupled with the damage to the bank’s reputation this time, Liao Baoshan has a headache.

"Husband, I. I haven't opened a company, will I mess up things! Besides, I am so stupid. I believe others are bewitched and deposited 1 million into Liao Chong Hing Bank." Li Cui said timidly.

At this time, Li Cui was presented with the business license of a real estate company, and she was the legal person.

Obviously, Li Cui was at a loss by Wu Guangyao's trick. He is a full-time housewife, where would he play in the company?

"The real estate company, to put it bluntly, is a rent-collecting company; I will hire a few people for you, and they will help you manage the company's property, and will give you the rent every month. And you, just collect the money! Let's talk about it. , Isn't there me?" Wu Guangyao comforted.

At this time, Wu Guangyao also inquired about the situation of Liao Baoshan’s property, and also figured out his goal, that is, a piece of land purchased by Liao Baoshan in 1960;

This piece of land is located at the original site of the former China National Commodities Company in Zhonghuan. Liao Baoshan bought it and plans to build a 24-storey Liao Chong Hing Bank Building.

In 1960, this piece of land was worth more than 5 million Hong Kong dollars. This year, I am afraid it will be 6 million Hong Kong dollars.

If this 30,000-square-foot commercial land is used to develop a 26 building (small area is not suitable for building too high), and then handed over to Li Cui’s real estate company, Li Cui will also be regarded as a large property for rent collection in the future. NS.

Wu Guangyao has always been generous to his own women!

Speaking of being generous to women, Wu Guangyao remembered the later generations of Liu, who made the Hong Kong Island female celebrities, and sold tens of millions of Hong Kong dollars to buy luxury houses, and these women did not even have a child with him, and people could not help but admire his generosity. .

It can be said that this kind of man is not a scumbag!

Three days after the run was raging, the police on Hong Kong Island finally did a good thing, that is, to issue a notice: a rumor appeared in the market recently that a well-known banker was investigated by the police and was restricted from leaving the country; It is a rumor and has no basis.

This statement has a certain buffer effect on alleviating the crowd. Liao Baoshan is still in Hong Kong, proving that he still has the ability to deal with the situation.

However, there are still many small depositors who are not at ease. They walked into the lobby of Liao Chong Hing Bank and vowed not to stop without putting their deposits into their wallets.

At this time, Liao Baoshan is languishing in the office, and Liao Chong Hing Bank seems to have passed the most difficult hurdle;

In fact, this is not the case. As long as these scattered withdrawal customers are not satisfied, Hong Kong Island will immediately have various negative news about Liao Chong Hing Bank;

At that time, you may not have a single deposit. The key is that you still can’t come up with so much money to redeem.

"What to do? What to do? Why haven't HSBC and Standard Chartered issued a statement in support of Liao Chong Hing Bank. As a standing member of the Hong Kong Island Banking Association, they also serve as the rights and obligations of the quasi-central bank. How can they not save themselves." At this time, it was already groggy, in a state of lack of energy, and conjectures had taken place.

Liao Baoshan also didn’t want to think about it, the business is like a battlefield, either you die or I live;

The peers may be friends, but more are enemies.

The later HSBC Bank chief Shen Bi said this famous saying: "We will not fund competitors that harm our interests."

At this time, a bank management happily walked in and said: "Boss, Mr. Wu Guangyao, please see me!"

"Mr. Wu Guangyao, what you are talking about is Wu Guangyao, God of Wealth?" Liao Baoshan stood up excitedly.

"kindness"

"Please, how can you let others wait!"

"Ah, yes yes."

Wu Guangyao took Li Cui, lawyers and financial consultants, and met the vicissitudes of Liao Baoshan in Liao Baoshan’s office.

The two had a close relationship before, but they didn’t have a deep friendship.

Wu Guangyao discovered at this time that Liao Baoshan is really too old and may be dead soon!

Simply and politely, Liao Baoshan said tentatively: "Why is Wu Sheng coming this time?"

Wu Guangyao said openly: "Do business with Boss Liao!"

Liao Baoshan's psychology is shocked. Could this be buying her own bank?

Liao Baoshan thought a lot in an instant, until the subordinate reminded herself, Liao Baoshan said: "Wu Sheng has a fancy to our Liao Chong Hing Bank?"

Wu Guangyao shook his head and said directly: "That's not the case. After all, Liao Chong Hing Bank is your Liao family's bank. To be honest, I have taken a fancy to the plot of land owned by Mr. Liao in the former China National Products Company in Zhonghuan. If Mr. Liao is willing For sale, I can trade with you at 5.5 million Hong Kong dollars, and I can deposit 5 million Hong Kong dollars in your Liao Chong Hing Bank for half a year."

Wu Guangyao finished speaking, stopped talking, and looked at Liao Baoshan with ease.

Wu Guangyao deposited 5 million Hong Kong dollars in Liao Chongxing, the effect is absolutely great, because Wu Guangyao is the absolute richest man on Hong Kong Island;

and a credible person, very friendly to the poor.

Liao Chuangxing quickly accepted the reality and agreed to Wu Guangyao's request.

Because he has only two options, the first is to declare bankruptcy and accept liquidation;

The second one is to cut the meat to protect the line, in order to make a comeback in the future.

And the conditions put forward by Wu Guangyao are not really meant to let Liao Baoshan cut meat;

Because Wu Guangyao offered 5.5 million Hong Kong dollars, the value of the land itself was about 6 million Hong Kong dollars.

But don’t forget that Wu Guangyao proposed to deposit 5 million Hong Kong dollars to Liao Chong Hing Bank. This effect is more than one million Hong Kong dollars.

And Liao Baoshan’s other properties are not cut like this, at least about 20% of the loss;

is a property of 1 million, Liao Baoshan sold hastily, may only get 800,000 Hong Kong dollars;

Because everyone knows that you are in urgent need of money, it is equivalent to leaking the trump card of the negotiation!

This does not include room for future appreciation.

If he does not sell in a hurry, he will lose 40% of the property that he “shrinks the mortgage”.

"The transaction, Wu Sheng, see you are also prepared, we can sign the contract immediately, and then announce that you have deposited 5 million Hong Kong dollars to our Liao Chong Hing Bank."

"certainly!"

After signing the contract, Liao Baoshan and Wu Guangyao immediately held a press conference and announced the matter on the same day!

immediately caused a shock in Hong Kong and Kowloon, and everyone was discussing it.

"Liao Baoshan has found a backer, and this backer is huge!"

"It seems that God of Wealth has become Liao Baoshan's nobleman!"

"What about finding a backer? The reason for everyone's squeeze this time is that Liao Baoshan misappropriated the money of the depositors to speculate in real estate, so the reputation will be affected. I want to make a comeback, I don't know how many years it will take!"

"It's better than going out of business!"

After reaching an agreement with Wu Guangyao, Liao Baoshan finally cheered up and rushed to HSBC and Standard Chartered to ask for help.

"You HSBC is a standing member of the Hong Kong Island Bank Association, and you also have the rights and obligations of the Island Central Bank. You are responsible for maintaining the order of the bank! Besides, my assets are sufficient to cover the deposits of depositors, but they cannot be sold temporarily. That’s it."

Sundus heard it, and did not refuse, but said: “Yes, we at HSBC can make a statement with you tomorrow that we can overdraw your 20 million Hong Kong dollar deposit in Liao Chong Hing Bank.”

The reason why Sang Dashi is so refreshing is because he heard that Wu Guangyao was involved in this matter, how much he wanted to give his friends a little face;

In addition, HSBC’s goal has been achieved, that is, Liao Chongxing Bank has suffered heavy losses, and the phenomenon of arbitrarily pulling deposits will never happen again in the future.

Liao Baoshan let out a sigh of relief.

When he walked out of HSBC’s door, Liao Baoshan couldn’t help but muttered: “HSBC has agreed to support it so late. It must be that we want to reduce the reputation of Liao Chong Hing Bank.”

The next day, HSBC and Standard Chartered Bank and Liao Chong Hing Bank issued a statement that “HSBC and Standard Chartered can overdraft HKD 30 million to meet the run on Liao Chong Hing Bank.”

At this point, the run has finally subsided, and the shaky Liao Chong Hing Bank has been spared from ‘Zhi Li’ (bankruptcy).

Liao Baoshan, who was alive after the catastrophe, should have broken her tears and opened her face, and reorganized her majestic peak;

However, he seemed to be frightened, becoming like a frightened bird, panic all day long.

It turned out that the cause of the incident was the kind assistance of HSBC, and a joint statement in English was drafted with Liao Chong Hing Bank.

The content of the statement read: “HSBC and Standard Chartered Bank have made certain arrangements to completely control the incident of Liao Chong Hing Bank.”

The statement was published in the "Sing Tao Daily". I don't know which translator made a messy translation. The Chinese was translated into: "The business of Liao Chong Hing Bank is completely under the control of HSBC and Standard Chartered."

The translated text and the original text are completely inconsistent and messy.

Liao Baoshan saw the news from "Sing Tao Daily", like a thunder in the sky, and her spirit collapsed.

"Standard Chartered and HSBC are too despicable! Too shameless! Go back and use'unconditional support' as the bait to lure me into the urn, so as to devour the Liao Chong Hing Bank and Real Estate that I have worked so hard to establish!"

Liao Baoshan's mind has appeared in a trance, unable to sleep peacefully, and found her own lawyer in the middle of the night to find out.

At this time, the lawyer took out the English and Chinese newspapers and quickly comforted the client: "Boss Liao, this is a translation error. The statement from HSBC and Standard Chartered is."

After listening to Liao Baoshan, she relaxed a little, but after a long period of emotional tension, she still had doubts. The ghosts were deceiving!

As Wu Guangyao said, life may not be long!

Liao Baoshan may feel something, and has called back his two sons who are studying in London, just in case.

(End of this chapter)




Please report us if you find any errors so we can fix it asap!


COMMENTS