Chapter 953: The End
"Sir, I think that by this time, their funds should soon be bottoming out." Stanley reported to Han Jin.
How much cash the Far Eastern Group has, how much deposits the Far Eastern Bank has, although these are all trade secrets, but they can't be hidden from Stanley's eyes, and he has already investigated them clearly.
Now by calculating the amount of goods purchased by the Far Eastern Group, he can estimate the amount of funds remaining in the Far Eastern Group. Now, according to estimates, he knows that the Far Eastern Group may only have 20 or 30 million Hong Kong dollars left.
This amount of money is an astronomical amount of money for ordinary people. But for a choppy stock market, it's not even a small wave.
"Very good, it drained their cash, are you afraid that they will not use the bank's reserves?" Han Jin smiled, "By the way, they won't take out loans from other banks, right?" ”
"Rest assured, sir, HSBC, Citibank, Standard Chartered Bank, Hang Seng Bank, Bank of East Asia, etc., all the banks in Hong Kong that can provide him with large sums of money, I have already said hello. They are also willing to sell us a face, promising not to mix this matter. Stanley nodded.
Han Jin smiled, "Well done!" ”
Stanley is an asset investor of Han Jin, and Han Jin is a well-known wealthy man in Hong Kong, young and promising, and is the most welcome VIP of the bank.
Although Qiu Degen is rich, he is much inferior to him.
What's more, if his peers are like enemy countries, Qiu Degen also opened a bank, and there is always competition between them.
They wished that Han Jin could bring down Qiu Degen this time, so that they could eat up the Far Eastern Bank.
……
"What, the money bottomed out so quickly?" When Qiu Degen heard his son say this, he was suddenly shocked in his heart.
This 150 million Hong Kong dollars is already all the cash of the Far Eastern Group, and even the money of the Far Eastern Bank has been used.
Now there are 30 million Hong Kong dollars left. And the anti-takeover campaign is still in full swing, if it is announced to give up at this time, then the Far Eastern Group will really suffer heavy losses.
"Yes, Dad, there are only 30 million Hong Kong dollars left, should we fight or not?" Qiu Dawei looked at Qiu Degen anxiously and asked.
"Where's your eldest brother? What did he talk to HSBC and Hang Seng about, and how much money could they lend us? Qiu Degen thought for a moment and asked eagerly.
"There is no news from the eldest brother yet, and the last call just now was when he was on his way to Hang Seng." Qiu Dawei reported.
"Then don't buy it yet, and wait and see." Qiu Degen waved his hand.
"Dad, wait any longer, I'm afraid the stock price will be higher, and we will spend more money then." Qiu Dawei saw that his father gave up at this time, and hurriedly persuaded him.
"I know. However, I am worried that this may be a bureau, and the other party may not necessarily want to buy our company. They may just make a false shot, pretend to be a showman, and wait for us to grab the stock from him and raise the stock price, and then he will sell it at a high price and make a big profit. Qiu Degen waved his hand.
"Brother Gen, this technique seems to be commonly used by Liu Luanxiong." Qiu Degen's old subordinates said.
"What. Could it be that bastard?! When Qiu Dawei heard this, his eyes immediately widened. He scolded with a cracked eyelid.
"Don't be impulsive just yet!" Qiu Degen waved his hand and said, "Yes, Liu Luanxiong often uses this method, but since he used this method to make money, there are other people in Hong Kong who have followed his example, so whether it is him or not this time." It's hard to draw conclusions. We can't be suspicious, otherwise we will misestimate our opponents and end up even worse. ”
The art of war is cloudy, knowing oneself and knowing one's opponent, and not being defeated in a hundred battles. If you are even mistaken, who the opponent is. There is no reason to be invincible.
"Brother Gen is right, Dawei, don't draw conclusions to the reporter first." The old subordinate also persuaded.
Qiu Dawei nodded, "But Dad, what if people don't pretend to make a noise and make a false shot this time, but come for our Far East Hotel?" Didn't you say that several major plots of land under our hotel are very valuable for development and utilization? Maybe everyone sees the value of it, so they want to swallow it in one gulp. ”
Qiu Degen also sighed when he heard his son say this, how could he not know this. But now that the company is running out of cash, what can he do?! The stock market only recognizes money and not people, even if he Qiu Degen is a veteran of the shopping mall, he has no funds, and those securities dealers will not save face for him.
"I know that, but what can I do now? If your eldest brother can borrow money, it's fine, if you can't borrow money, you can only watch the Far East Hotel fall into the hands of others. Qiu Degen said helplessly.
He was caught off guard this time, and the other party is obviously wealthy, so it is not unjust to lose at his hands. The winner is the king and the loser is Kou, Qiu Degen is old, and he has long seen success or failure.
"Dad, I know that our bank still has 600 million Hong Kong dollars in reserves." Qiu Dawei said suddenly, and before he finished speaking, he was glared at by his father with an "eye of death".
"You're crazy, do you know that it's illegal to use the reserves, and if the news leaks out, you and I will be unlucky. If it is known to the public again, and there will be another run, then our Far Eastern Bank will be finished. Qiu Degen scolded.
His Far Eastern Bank barely survived the 1969 run. At that time, fortunately, he found the support of Citibank in the United States and sold more than 70% of its shares to it. With the support of this large international bank, Far Eastern Bank was able to survive the difficulties.
But then he and Citibank became more and more dissatisfied, Citibank accused him of paternalism, and he regarded Far Eastern Bank as his own property, unwilling to be a puppet chairman, so he later fought a lawsuit with Citibank for four years, and finally took Far Eastern Bank back.
With the lesson of being squeezed out last time, Qiu Degen is naturally afraid of the dark when he sees ghosts. Now when he heard that his son was going to take another risk and hit the idea of depositing reserves, he immediately sternly refused.
"I know, Dad, but I'd rather take a risk than have your hard work stolen by someone else, Dad." Qiu Dawei said.
In addition to hotels, there are also cinemas, hotels, and even Liyuan, which is very popular in Hong Kong, all of which are Qiu Degen's efforts.
Qiu Degen couldn't help but feel heartache when he heard his son say this. If the Far East Hotel is taken away, then he will lose more than a billion Hong Kong dollars in vain, and the most important thing is what his son said, the Far East Hotel is his hard work.
"Alas, forget it, there are gains and losses, and it's better to see everything openly." Qiu Degen waved his hand and said, "If you want to fight again, wait for your eldest brother to come back." ”
As soon as he finished speaking, he saw Qiu Dasheng push the door and walk in, "Dad, those banks refuse to lend us money." (To be continued......)