Chapter 605 [Rise from Where You Fall]

After Lin Zuhui and his entourage came to London, they did not rush to start acting, after all, the Bank of Bahrain has not successfully liquidated the futures index and bonds, who knows how much it will lose? How much capital do I need to inject to revitalize the Bank of Bahrain?

It was not until March 2 that the Bank of Bahrain took advantage of the Nikkei Index's rebound of more than 300 points, and with the assistance of the Bank of England and relevant parties, finally closed all the world's open interest index contracts in Singapore, Tokyo, and Osaka. So far, the Bank of Bahrain has lost 916 million pounds, or more than 1.4 billion US dollars, due to the failure of its financial derivatives investment.

The news of the bankruptcy of the Bahrain banking group shook the international financial market, and the stock markets in various places were affected to varying degrees, the pound exchange rate fell sharply, and the exchange rate against the mark fell to the lowest level in history, and the hidden impact of the Bahrain banking incident on the financial industry in Europe and the United States was immeasurable.

Thursday, March 3.

The headquarters of the Bank of Bahrain ushered in the visit of Lin Zuhui and his party.

The Commissioner of the Bank of England, Mr. Max, who is in charge of handling the affairs of the Bank of Bahrain, and others greeted this group of unexpected guests; After the major financial institutions in the United Kingdom had no intention of acquiring the Bank of Baring, everyone did pin their hopes on foreign financial institutions, but they did not expect to attract the attention of the world's richest man.

But it's normal to think about it, the world's richest man is like a tireless 'nouveau rich', buying and buying everywhere in the world, and people don't know how much wealth he has, because he is the 'stock god', and it is said that even Wall Street admires the stock god.

After a simple polite look.

"Mr. Lin, the financial information has been prepared for you!" Max said politely.

"Thank you"

Lin Zuhui motioned for the audit team to start working, and he brought people and Max and others to the conference room.

After everyone sat down, Max couldn't help but ask: "Mr. Lin, as far as I know, among the big accounts involved in the Nikkei futures index transaction this time is your Octopus Bank. ”

Lin Zuhui said generously: "Yes, but compared to the Bank of Bahrain, we can only be regarded as a small customer." Moreover, most of our funds are traded on behalf of our clients. ”

Max smiled bitterly: "This time the Bank of Bahrain was miserably cheated by that idiot, and the 233-year-old bank collapsed like this, which is really regrettable." ”

Lin Zuhui said very calmly: "The 233-year-old bank collapsed with a loss of 900 million pounds, which can only be said to be too vulnerable. Of course, the 233-year-old bank is worthy of respect. So, I think it needs a different owner. ”

He Changhong, Yuan Tianfan, Liang Botao and others laughed, and everyone was very relaxed, because Lin Zuhui said that if it was just a matter of money, then the acquisition was not a problem. If there are too many external factors, or if the London authorities make things difficult, then the deal will be cancelled, and it is not necessary to buy.

Seeing Lin Zuhui so relaxed and calm, Mai Si and the others couldn't help but sigh, this bearing is amazing.

"Does Mr. Lin know that the ING Group has also come to negotiate the acquisition?" Max decided to sell for the Bank of Bahing.

As for who to make the final decision to, it will have to be approved by the top management of the Bank of England and the courts.

Lin Zuhui said with a smile: "I don't know, but I think it's a good thing." After all, if the Bank of Baring fails, more than 4,000 employees will lose their jobs, and a 233-year-old sign will disappear from existence. ”

Max's heart moved, and he immediately asked: "Assuming that Mr. Lin's acquisition is successful, will he change his name?" ”

Lin Zuhui said with a smile: "No, it's just a name, and the signboard is also valuable." ”

Max and the others nodded!

Initially engaged in trading activities, the Bank of Bahrain ventured into the securities industry and, in the early 19th century, became the lead issuer of British government securities. Since then, for more than 100 years, it has made great progress in securities, funds, investment, and commercial banking business, and has become a precedent group securities dealer in the London financial center. In 1993, the bank had assets of Β£5.9 billion, liabilities of Β£5.6 billion, capital and reserves of 4. 500 million pounds, more than 4,000 employees at home and abroad, profit 1. 0.5 billion pounds. In 1994, the profit before tax was as high as 1. Β£500 million. At the time, the bank managed Β£30 billion in fund assets, Β£1.5 billion in non-bank deposits and Β£1 billion in bank deposits.

With a loss of more than Β£900 million, but its assets are worth less than Β£500 million, it is clearly insolvent.

Therefore, after the auditor and others briefly read the financial statements, Lin Zuhui asked: "Mr. Max, I don't know what conditions you have?" ”

Max made eye contact, and then he said: "The acquirer needs to inject 780 million pounds to resume all banking business and part of the securities and fund business in Bahrain immediately." ”

Lin Zuhui said: "No problem! ”

Max and the others were stunned, they agreed so happily?

You know, ING Group is very dissatisfied with this price and says that it needs to be considered.

However, in Lin Zuhui's view, the money injected into it is not his own! Taking a step back, it's so easy for him to make money, and he needs to think about it so much.

"It also requires a commitment from the acquirer to protect the rights and interests of current employees and not to be fired at will." Max continued.

"All the people involved in this incident have to resign, including the CEO and others." Lin Zuhui said without hesitation.

"This is as it should be!" Max nodded.

Then the two sides talked about some conditions, and Lin Zuhui almost agreed with great sincerity.

As long as no other factors are involved, reasonable conditions can be agreed.

Eventually, Max said, "Since Mr. Lin is so sincere, I will definitely push this deal through as soon as possible!" ”

Lin Zuhui nodded and said, "Okay, we'll wait for your news." ”

He is not in a hurry, because the Bank of Bahrain cannot afford to delay, after all, the sooner it resumes business, the loss of credibility can be minimized.

Headquarters of the Bank of England.

A group of high-level executives were discussing Octopus Bank's involvement in the acquisition of the Bank of Bahrain, thinking that the Bank of Bahrain was a hot potato, that local financial institutions were not interested, and that the only interested ING Group was not sincere enough and was always bargaining.

As a result, I didn't expect to usher in the acquisition invitation of Lin Zuhui, the world's richest man, and others were full of sincerity.

The problem now is that Lin Zuhui is a Chinese, otherwise everyone would have agreed to the acquisition offer without any discussion. But if you directly deny the transaction, then it must be a very offensive thing.

Lin Zuhui is a representative of Chinese businessmen, and if he is treated unfairly in London, then the outside world will definitely think that the business environment in London is not good, and there will be some negative public opinion; At the same time, Lin Zuhui himself is the richest man in the world, and the London government wants him to invest in the UK.

Webb Buster, the governor of the Bank of England in his sixties, said: "Let's talk about it, how do you decide? ”

One director asked: "The question now is, will ING Group agree to these conditions?" The implication is that the ING Group is given priority.

Another director said: "ING is not sincere enough, and the important Bahrain Bank is more suitable for Lin Zuhui, who has the title of 'stock god'. Although he is Chinese, his talent in finance can be called a genius level, and if he is in charge of the Bank of Bahrain, this company will have greater development. Moreover, this richest man is the object of our British investment, if he denies the acquisition just because he is a native of Xiangjiang, it will have a series of bad effects, after all, we British capital also need to enter the mainland and Xiangjiang. ”

For a while, everyone had their own opinions.

Webb Buster eventually adopted a democratic vote, and Octopus passed by a narrow margin.

Here, the Bank of England is still discussing whether to agree or not, while Lin Zuhui is sitting in the office of the European branch of the New Era Group with some pain.

Nearly 1.3 billion US dollars of capital injection, that is, about 10.3 billion Hong Kong dollars. Although Octopus Bank is estimated to earn about $1 billion from speculating on the Nikkei Index this time, it is still money earned, not money picked up.

In this way, the British did not yet know Thanksgiving Dade.

Lin Zuhui's heart ached for a few minutes, and then his eyes lit up, since he spent tens of billions of dollars in the UK, why didn't he double his earnings on them?

Stock trading is his forte!

Although he can't remember the trend of British stocks, he speculates: theoretically, the trend of the London and New York stock markets should be closely related, so in 1995~1998, banks must rise sharply, and Davos will benefit from the Internet bubble, which must also skyrocket.

Since 1993, Europe and the United States have come out of the economic downturn and ushered in a wave of golden development, so the stock market must have risen at this stage.

Thinking of this, Lin Zuhui wrote down several stocks such as Lloyds Bank, Barclays, and Davos on a piece of paper, and decided to let New Era Group spend 10 billion Hong Kong dollars to buy these stocks.

He believes that the annual return can be as high as about 35%.

The New Era Group had a balance of 12.5 billion Hong Kong dollars at the end of last year, and this year it also has a profit of about 25 billion Hong Kong dollars (estimated), excluding annual dividends, there are more than 30 billion funds.

The large investment of the New Era Group this year is mainly Amazon Shopping Center, Langham Hotel Group and other projects, but Lin Zuhui plans to expand the group's debt to 30 billion Hong Kong dollars, which means that it can also borrow nearly 8 billion Hong Kong dollars.

In general, it is to allocate another 10 billion cash flow to buy stock investment. There are still more than 20 billion in the account, which can be attacked again at any time, as well as bidding for the development right of the Hong Kong Machinery and Railway Terminus.

Thinking of this, he called Leung Chun-hoon in Hong Kong and asked him to arrange it quickly.

On 6 March, Octopus Bank and the Bank of Bahrain reached an agreement to contribute Β£780 million in cash to take over all of its assets and liabilities and restore them to operations.

On March 9, the plan was approved by the Bank of England and the court, and the legal process of Octopus Bank's acquisition of the Bank of Bahrain was completed, and all banking businesses and some securities and fund businesses in Bahrain resumed operations. At this point, the collapse of Bahrain has come to an end temporarily, and the banks that have been the pride of the British for two centuries have changed their owners, and it can be said that the century-old foundation has been destroyed.

In this case, Nick Reeson, who had devastated the Bank of Bahrain, was forced to flee Singapore on February 23, 1995, and was arrested at Frankfurt Airport in Germany in the early hours of March 2.

Headquarters of the Bank of Bahrain.

Lin Zuhui sat in the office as the new owner. I thought that there was a legend of the Bahrain family, the 'sixth most powerful power' in Europe, came to argue with him, but I didn't expect that the Bahrain family, which had won five titles, had long ceased to be engaged in the banking industry, and even the family had declined.

Suddenly made him feel very disappointed, why didn't he meet any ancient NB family to come out and compete with him!

In fact, when Lin Zuhui reached the wealth level, he has become a guest of honor in various countries; Assuming that he was really sniped locally, he would just move the funds to his nest. If Britain treats him unfairly this time, he will sell his British business and exchange it for investment from other countries. For him, there is money to be made there.

β€œBOSS”

A middle-aged British-aged man walked into the office of Lam Cho Fai, the new president of the Bank of Bahrain, Andrei, who turned out to be a senior staff member of Hong Kong's Octopus Financial Group, and an elite talent with a legal background.

CEOs don't necessarily need to have a financial background, and a legal background is also a good choice. AndrΓ©, of course, has a decade of experience working in investment banking himself.

Lin Zuhui nodded and said, "My work requirements for you are very simple, that is, to learn the lessons of this accident and improve the company's system." As for the investment, everything is not in a hurry first, and I will have a task to convey later. ”

Andrei said: "No problem, I know what to do!" ”

This time to take control of the Bank of Bahrain, Lin Zuhui transferred a total of five elite talents to quickly take control of the company. And these people are all their own retainers, including Octopus Financial Group, and Hengjin Investment, in short, they are all people they trust.

Lin Zuhui has reached this position today, and there are countless foreign consultants around him, so he can't control the Bank of Bahrain.

"If someone jumps out and doesn't cooperate with your work, just dismiss it, I don't like employees who are not loyal to the company and the boss."

Andre is in good spirits, he has been with the boss for a long time, and he knows Lin Zuhui's temper, that is, if he can't control the Bank of Bahrain, the boss may directly prefer to waste $1.3 billion and dissolve the Bank of Bahrain.

"Okay, I'm going to make Bank of Bahrain a member of the Octopus Financial Group."

Lin Zuhui nodded, and then said: "I will arrange the investment later." Where the Bank of Bahrain falls, it will get up. So, our goal is still the Nikkei period, but I have to instruct it. ”

After the Kobe earthquake, the Nikkei fell 5,000 points, and the Japanese stock market ushered in a big rebound. In May and June, it will fall to about 15,000 points, and you can buy Nikkei in this place.

Of course, speculating on the Nikkei index is a very dangerous project, and 25 times leverage is too easy to liquidate.

However, Lin Zuhui has a way, that is, if he invests 1 billion funds, he will reserve at least 5 billion funds to make up the position, or even more. As long as there is no liquidation and the general trend is right, then it is a stable and win-win situation.

Because of this, even if there are big capitalists on Wall Street eyeing him, they will not be able to defeat Lin Zuhui. After all, with the amount of his funds, it is enough to cover the position ten times without wavering. The scope of the artificial reversal of the general trend is limited.

Andrei immediately said confidently: "Speaking of which, those colleagues are very welcome to your boss's acquisition of the Bank of Bahrain, and many people admire you very much." ”

Lin Zuhui immediately waved his hand and said, "I only communicate with you about the investment, and you have to keep it secret." There is an old saying among Chinese people, called "A gun shoots a bird in the head", and I don't want to be too ostentatious. ”

The reason why he became famous was because he couldn't hide part of the operation, and it wasn't because he came up with the limelight.

In fact, just the part of Lin Zuhui's domineering side leakage has already been rated as a 'stock god' level figure. If all his financial operations are exposed, I believe he is already lying in the laboratory.

"No problem, I'll definitely do a good job of confidentiality."

"Well, in fact, I also synthesized some of the conclusions drawn by many financial advisors."

(End of chapter)