Chapter 952: Rongle's Madness (End) (4200 word chapters, please subscribe!~)
When Rong Le finally left ATV, there was a smug look in his eyes, although Qiu Degen had not nodded in agreement, but at least agreed to consider Rong Le's acquisition of Far Eastern Bank, which was a good start.
The significance of the acquisition of Far Eastern Bank is different from other banks, Far Eastern Bank's base camp is in the New Territories, and Rongle's industrial park is also in the New Territories, although it is now divided into a number of outsourcing factories, but there are also many factories belonging to Rongle, including the Dynasty Instant Noodle Factory, Tunan Technology Group High-tech Branch, etc., as well as the studio located in Tseung Kwan O, and the Xianxia Studio that will be rebuilt in the original industrial park next year, it is initially estimated that at least 35,000 people will become employees of Rongle in the New Territories.
And it is all this that will drive the development of the New Territories, and Far Eastern Bank, as the most influential bank in the New Territories, is definitely a strong combination.
In Qiu Degen's office, Qiu Dachang walked in and asked with an anxious expression, "Daddy, didn't Rongle come here for Far Eastern Bank when he came over this time?"
Qiu Dachang is the second son of Qiu Degen, the eldest son Qiu Dasheng is in the United States all the year round, and most of Qiu Degen's business in Xiangjiang is managed by Qiu Dachang. Qiu Dachang is even more famous as the 'tiger boy' because of his outstanding ability.
In later generations, Qiu Dachang was also the head of Qiu Degen's big house and took over most of Qiu Degen's industries.
"Yes, Rong Le is indeed here to buy Far Eastern Bank!" Qiu Degen nodded, at this time he was not sure in his heart, whether to sell Far Eastern Bank or not, after all, Far Eastern Bank is his own hard work for decades, if it is sold to Rong Le like this, Qiu Degen's heart is inevitably a little unwilling, but he has different emotions for ATV, which makes it difficult for him to give up, and Qiu Degen is also in a dilemma at this time.
"Then Daddy, did you promise Rongle?" Qiu Dachang continued to ask.
"I agree to consider, consider!" Qiu Degen said, "What do you think about this matter?"
Qiu Dachang asked, "What are the acquisition conditions proposed by Rong Le?"
"If we agree to Rong Le's acquisition, Rong Le agrees with the actors of Dynasty TV, we can borrow them at will, and come up with three story ideas, and at the same time will help us do the things of ATV star promotion, and the purchase price proposed by Rong Le is 8.3 Hong Kong dollars. Qiu Degen said.
"The price is quite fair, the conditions are not bad, Daddy, now Xiangjiang's banking industry is treacherous, there have been successive runs, the uncertainty of the banking industry is too great, but the TV industry is different, now Xiangjiang has a total of three TV stations, if we ATV can be promoted to star, coupled with Rongle's story creativity, maybe it can really compete with Dynasty TV, wireless TVB, this is a good decision for ATV!" Qiu Dachang said with some excitement, he is now holding the position of general manager of ATV.
Although the Qiu family has a lot of industry, but there are also a lot of children of the Qiu family, and other people are working in other companies, especially the Far Eastern Bank, which is the hardest hit area, ATV is different, only himself, if ATV grows stronger and stronger, then the benefits he has obtained will be even greater, in fact, Qiu Dachang has long wanted to let ATV go to the star, but although the Qiu family has a big business, but there is not much liquidity, there is no way to compare with Dynasty TV, wireless TVB, if the Far Eastern Bank is sold, the money will be taken to ATV......
Qiu Degen has been considering the gains and losses between Far Eastern Bank and ATV, and did not notice Qiu Dachang's expression, and said: "Far Eastern Bank does not have to be sold to Rongle, we can completely introduce other foreign banks to take shares, and at that time it can also alleviate the financial crisis of Far Eastern Bank, as for ATV, we can poach people with high salaries, and it is possible to do it!"
"Daddy, if you dig people, we can only dig people from wireless TVB, I have inquired about the labor of Dynasty TV, which is now higher than the labor of our ATV, if you dig the people of Dynasty TV with a high salary, then the labor of the entire TV station needs to be readjusted, which is a big challenge to the salary structure of our TV station. ”
The ratings of the three major TV stations in Xiangjiang are Dynasty Satellite TV> TVB > ATV, while the artificial ones are Dynasty TV>ATV> TVB.
"As for the Far Eastern Bank, Daddy, have you forgotten what happened to the National Treasure Tone Bank at the beginning? Even if we introduce a number of foreign banks and disperse the equity, it is inevitable that they will not unite with each other, even if they will not unite, but now the financial market in Xiangjiang is changing rapidly, if there is a little problem in our Qiu family, those foreign banks will definitely take advantage of the situation at that time, if that is really the case, the gains will outweigh the losses!"
Qiu Dachang said eloquently.
Qiu Degen nodded and said: "I also thought of these, but Rong Le only came up with three story ideas, if after these three TV series are played, our ATV still can't come up with a suitable TV series, and at that time, our Qiu family does not have Far Eastern Bank, then it will be even more dangerous at that time." ”
Qiu Degen also has his own considerations, the success of a TV station is not only a few successful TV series can be supported, there are many issues to be considered comprehensively, Qiu Degen can accept ATV's losses in recent years, it is because of the Far Eastern Bank and other industries in the Far Eastern Department to support it, if the Far Eastern Bank is lost, then the Far Eastern Department will lose the strongest arm!
"Okay, I know everything, I'll think about this matter carefully, you go down first!" Qiu Degen said.
......
When the time entered the middle of July, there had been no news of Rong's investment and acquisition of the bank for more than ten days, just when everyone thought that Rongle had stopped his crazy behavior.
TVB's financial news once again invited the financial expert who was slapped in the face, but this time TVB's financial host looked at the financial expert's face and it was not so good-looking, it was a completely formulaic smile.
There is no way for the beautiful host to buy the stocks recommended by financial experts, all of them have fallen, and in the period of the stock market recovery in Xiangjiang, it is also an ability to be able to suppress these falling stocks.
Thinking about it, in order to get his inside information, I had to pretend to be happy and cooperate twice, I really lost myself and lost my soldiers......
The decline in the stock market caused by the Haitao shock has passed, and the general environment of the Xiangjiang stock market is still good.
"Li Sheng, what do you think about the recent slowdown in the pace of Rong's investment in acquiring banks?"
"Obviously, Rong Le is still relatively smart, and now after the successive acquisitions of Hang Lung Bank, Overseas Trust Bank, Industrial and Commercial Bank of China, Dao Heng Bank, Yongan Bank, and Youlian Bank, Rong's investment in cash has actually reached a very serious critical point, I believe that at this time Rong Le has transferred back the funds he invested in Dongying, otherwise he would not have such a huge cash flow support. The expert surnamed Li swore that the previous estimate of the overseas trust bank made him lose face, and now he has also done some work.
The main thing is that he is waiting, according to the speed of Rongle's acquisition, more than ten days have passed, and there is no news, obviously Rongle has stopped acquiring the bank, which is why he accepted the invitation of TVB today, and he must find a way to get his face back.
"But Li Sheng, you also said before that Rong's Investment will not take over the overseas trust bank, but ......"
Without waiting for the beautiful host to finish speaking, the expert surnamed Li immediately said: "It was indeed not the best time to take over the overseas trust bank, even today I think so, these days I have visited these banks that were acquired by Rongle, almost every bank hall has people queuing up to withdraw money, and according to the information I have got, these six banks have been withdrawn close to 700 million Hong Kong dollars in cash during this time." ”
This is because of the result of the blind expansion of Rong's investment, Rong's investment can develop gradually, now his steps are too big, this blind expansion, in the banking industry is not a good thing, these banks are some problem banks, in a state of loss or less profit, that is to say, Rong's investment has to bear hundreds of millions of losses every year. ”
"This is not what a mature banker should do!" Expert Li said conclusively, and at the same time did not forget to glance at the beautiful host, isn't it just a loss of money, as for exposing his old bottom on TV?
It's like I'm not losing money......
The beautiful host didn't receive Expert Li's resentful eyes at all, and continued to ask: "In other words, Li Sheng thinks that Rong's Investment will stop his expansion in the banking industry?"
"Yes, as I just said, the cash flow of Rong's investment has reached a critical point, although Rong Le is not yet a mature banker, but it is undeniable that he is a successful businessman, so he will definitely stop his crazy behavior of continuing to buy banks!"
......
It's a pity that sometimes, the so-called experts are really not as good as the brick family, as the so-called experts can believe the words, and the sow will also go up the tree, as if it is specifically working against this expert, on the afternoon of the second day of the broadcast of this episode.
July 25th!
Rong's Investment held a press conference again, and Rong's Investment has reached a consensus with Far Eastern Group that it will wholly acquire Far Eastern Bank, a subsidiary of Far Eastern Group.
As soon as the news came out, the reporters present instantly exploded.
Rong Le's crazy behavior is still continuing, does he really not need to think about the problem of cash flow? Doesn't he know what kind of impact his behavior will have on the citizens of Xiangjiang?
Now it's not that the more banks you acquire, the more powerful, but the more banks you acquire, the greater the financial pressure, these banks more or less have some problems, that is to say, after Rongle acquires these banks, at the same time you have to bear the debts of these banks, even if you Rongle is rich, there should be a limit, such endless acquisitions, will definitely cause a crisis of trust among depositors.
"May I ask Rong Sheng, which bank will Rong invest in next?" asked a reporter from Ming Pao.
They no longer speculated about whether Rongle would stop buying banks, but directly asked Rongle about his next target.
"Rongshi Investment will suspend the acquisition of banks, restructure the debts of the seven banks, and establish the Kyushu Bank Group. Unified management of its seven banks. "Rongle has let everyone down.
Although there are still a few problematic banks in Xiangjiang, Rongle thinks that his acquisition is already possible, and several other problematic banks will not break out until next year, so Rongle does not need to be too anxious.
After acquiring seven banks in succession, it is inevitable to restructure the entire banking group, which will involve countless details, and Rongle has no intention of acquiring other banks.
"May I ask Rong Sheng, is it inconvenient for Fang to disclose the price of the acquisition of Far Eastern Bank?" a reporter from "Sing Tao Daily" asked.
"830 million Hong Kong dollars, and Rong's investment will inject 200 million Hong Kong dollars into the Far Eastern Bank. Rong Le didn't hide it.
At the press conference, many reporters couldn't help but burst into speech, and some reporters even took out the calculators they carried with them and calculated them.
Rong's Investment acquired Hang Lung Bank in the hands of the Hong Kong government with HK$550 million and injected HK$1 billion, took over the Overseas Trust Bank with US$400 million, that is, HK$3.1 billion, acquired Dao Heng Bank in the hands of Hong Leong Investment, with HK$650 million and injected HK$200 million, acquired Yongan Bank in the hands of Wing On Group with HK$430 million and injected HK$70 million with HK$70 million to acquire the entire Union Bank and privatized it with HK$280 million and HK$60 million, and now acquires Far Eastern Bank, with another HK$830 million and HK$200 million.
HK$7.39 billion!
That is to say, in order to complete its financial industry territory, Rongle spent a total of 7.39 billion Hong Kong dollars in less than two months.
Hang Lung Bank deposits of HK$5.3 billion and loans of HK$2.2 billion, Overseas Trust Bank and ICBC deposits of HK$10.7 billion and loans of HK$6.2 billion, Dao Heng Bank deposits of HK$4.3 billion and loans of HK$2.18 billion, Yongan Bank deposits of HK$2.47 billion and loans of HK$1.61 billion, deposits of Youlian Bank of HK$980 million and loans of HK$690 million, deposits of Far Eastern Bank of Hong Kong dollars of HK$7.3 billion and loans of HK$3.78 billion!
In other words, the total deposits of the newly established Kyushu Bank will reach 31.05 billion Hong Kong dollars, which is still the number after Rongle's capital injection, and the total number of loans will be 16.66 billion Hong Kong dollars.
The loan-to-deposit ratio is 54%, which is already higher than the standard of the banking industry in Hong Kong, and at the same time, the bad debts of various banks and the losses in recent years are added.
After everyone got this data, they couldn't help but say that the banking industry is the industry that believes in data the most, and Rongle's unscrupulous acquisition of problematic banks will inevitably trigger a crisis of trust among depositors, and no one knows where Rongle's confidence comes from.
If Rongle is not careful, he will bear more than 30 billion debts, even if Rongle's three major groups are now superhuman in their ability to absorb money, but it is probably impossible to fill the debts of more than 30 billion!
At this time, no one knows about Rongle's loans in Sumitomo Bank and Morgan Bank, if it is known, I believe that all the banks that Rongle is now acquiring will be full of long queues early tomorrow morning, triggering the second round of run on Xiangjiang......
"May I ask Mr. Rong, aren't you afraid of a financial crisis with such a large-scale acquisition of these problem banks?" I want to talk with more like-minded people about "{?$article_title?} ", WeChat pays attention to "excellent reading literature", chatting about life, looking for confidants~