The century-old family began to rise from Hong Kong Island chapter 210

The century-old family began to rise from Hong Kong Island
Chapter 210 Acquisition Of Wing Lung Bank Ask For A Monthly Pass! 】
In the morning of the same day, Ye Tianci had a heated conversation with Lu Desheng and representatives of Tuao Roman Bank.
So when the group left Wing Lung Bank, a piece of news spread like wildfire inside Wing Lung Bank.
“I went to the conference room to deliver water just now, and I heard our President Lu and President Ye of the Galaxy Fund talking about not only the VAM agreement, but also the issue of acquisitions.
A young female employee with a delicate face and an exquisite figure in an OL uniform said in a low voice.
The eyes of the surrounding employees widened immediately.
“Acquisition?”
“Could it be that Galaxy Fund wants to acquire our Wing Lung Bank?”
“That’s great, our bank won’t go bankrupt, and we won’t have to look for new jobs.”
“Who doesn’t know the name of Galaxy Fund in the entire financial industry on Hong Kong Island now? Now that Galaxy Fund is making so much money, if our bank is acquired by Galaxy Fund, wouldn’t we be able to give us more year-end bonuses?”
“Is there any choice now? If it is not acquired by Galaxy Fund, it will go bankrupt! More than 800 million Hong Kong dollars, even HSBC can’t get it out now!”
These employees were all talking in low voices, and most of them showed the appearance of the survivors after the catastrophe. 883
They are just part-time workers and don’t care who their boss is. All they think about is how not to be laid off and how to get more wages.
There is not much resistance to the acquisition of the bank by Galaxy Fund.
Time passed slowly like this.
A few days later, the market released a piece of heavy news.
Wing Lung Bank was acquired by Galaxy Fund at a price of one Hong Kong dollar.
At the same time, Wing Lung Bank formally submitted an application for delisting to the China Securities Regulatory Commission.
Settlement is based on the stock price of the day, and all shareholder funds are returned. From then on, Wing Lung Bank will no longer be a listed company.
This bank with assets of more than one billion Hong Kong dollars, good credit and a debt ratio within the normal range will directly become Su Shaoze’s private company from now on.
Under normal circumstances, if one wants to acquire such a large bank whose asset strength ranks among the top ten on Hong Kong Island, it will definitely be purchased at a premium, at least two billion Hong Kong.
But now, Su Shaoze has completed its wholly-owned acquisition with only a VAM agreement and 800 million Hong Kong dollars.
Received all the reserves of Wing Lung Bank, and also assumed a lot of its liabilities.
The most important part of Wing Lung Bank’s assets is the 20-story Wing Lung Bank Headquarters Building, which is located in the financial center of the island. It is just this building and this piece of land.
It is worth at least 300 million Hong Kong dollars.
In general, Su Shaoze took advantage of the fact that he was able to win Wing Lung Bank with a VAM agreement of more than 800 million Hong Kong dollars.
Moreover, in Su Shaoze’s commercial map, Wing Lung Bank will occupy an extremely important position and will become the core of other industries.
Wing Lung Bank will become the financial core of the soon-to-be-established Galaxy Group, and funds and investment will go through Wing Lung Bank.
And money laundering will also become very convenient.
So Su Shaoze planned to delist Wing Lung Bank directly, and no longer publish financial statements in the future, and be responsible for its own profits and losses. In this way, many things can be operated secretly.
Wing Lung Bank Head Office Building.
Su Shaoze brought Ye Tianci to meet with a group of Wing Lung Bank executives.
General Banking Department, Investment Management Department, Capital Management Department, Human Resources Department, Corporate Legal Department, Corporate Affairs Department…etc.
In addition, there are branch managers.
At this time, these people were all sitting in the conference room, and the arrival of the green and nervous boss.
Finally, the door of the office opened, and a group of men and women in neat suits strode in. The only sound in the meeting room was the sound of leather shoes being put on the ground.
And the one walking in the front is Su Shaolong!
The tall and slender figure, the resolute and stern face, and the overwhelming gaze made the Yonglong executives in the conference room feel even more nervous.
They know that the young (baeg) rich man in front of them will be their new boss in the future.
Whether he can keep this high-paying job is all in his mind.
Su Shaoze is sitting at the main seat, while the one on his left is Ye Tianci, and the one on his right is a strange middle-aged man.
In his forties, his appearance is not considered handsome, but he has a gentle and refined feeling.
“Everyone, let me introduce. This is the new general manager of Wing Lung Bank, Mr. Chen Tianming!”
Su Shaoze’s voice resounded in the meeting room, and everyone started applauding immediately, and Chen Tianming also stood up and bowed slightly to express his thanks.
Su Shaoze was very dissatisfied with Lu Desheng, the former general manager of Wing Lung Bank. It was because of his existence that Wing Lung Bank was acquired by Galaxy Fund.
Most importantly, this guy is a yellow skin and a white heart.
Therefore, while Su Shaoze was grateful to him, he happily kicked him away.
He changed into the Chen Tianming in front of him.
Chen Tianming has worked on Wall Street for more than ten years and knows international finance well.
Su Shaoze’s future industry will definitely not be limited to Hong Kong Island, but will definitely rush to the United States.
At that time, Chen Tianming’s experience and connections were very important to Su Shaoze.
That’s why Su Shaoze asked the headhunter to scoop him up at a high salary.
After introducing Chen Tianming, Su Shaoze made a short speech, which was actually to calm people’s hearts.
“The previous strategic mistakes of Wing Lung Bank were not caused by you. I am generally quite satisfied with your previous work.”
“The personnel of the company’s management will not undergo major changes for the time being, but I will consider everyone’s performance in the future, survival of the fittest!”
After listening to Su Shaoze’s words, these managers finally breathed a sigh of relief.
The boss has stated that they will not lose their jobs for the time being, but if they do not perform well in the future, Jia Ding and Lu Desheng will leave.
“However, I am still very dissatisfied with Wing Lung Bank’s current business.”
“Wing Lung Bank is a bank that provides full-featured services, including community banking, professional financial services, investment, insurance, various loan businesses, etc.
“The previous development was still somewhat conservative, and I hope to get out of Hong Kong Island as soon as possible in the future!”
“In Bay Island, Island Country, Nanbang, Singapore, Tu’ao, Malaysia, and India, there must be at least one branch of Wing Lung Bank.”
“Customers are resources. If you want to increase the number of customers, you can contact the water and electricity company, and the bank will collect the water and electricity costs.” 11
As the financial core of Galaxy Group in the future, Su Shaoze attaches great importance to Wing Lung Bank.
The speeches in the conference room stabilized the morale of the army and set the tone for the future development of Wing Lung Bank.
Steady expansion!.