I lost my vegetative state, and I became the richest man in the world

Chapter 734 Target the third largest bank in Hong Kong!
When the Imperial Group officially announced the acquisition of Hang Lung Bank, Yang Ming had already rested.

However, Yang Ming's acquisition of Hang Lung Bank was too fast.

It was so fast that many people couldn't react.

That night, many people in Xiangjiang learned that the Imperial Group announced the official acquisition of Hang Lung Bank, which still caused a lot of shock in Xiangjiang.

Take a night off.

Early the next day.

Yang Ming got up to wash up.

I went to the swimming pool to swim, changed a set of clothes, and had breakfast with my parents.

Yang Jirong and his wife learned that their son had acquired Hang Lung Bank just after reading the newspaper.

"Peter, I didn't expect that you bought Hang Lung Bank in a blink of an eye."

Now the headlines of the major newspapers in Hong Kong are all about the news that the Imperial Group has officially acquired Hang Lung Bank. In addition to spending 1 million Hong Kong dollars for the acquisition, it also injected 5 million Hong Kong dollars into Hang Lung Bank.

In other words, it is equivalent to spending 6 million Hong Kong dollars, but the 5 million Hong Kong dollars, in the eyes of outsiders, do not know whether it can fill the hole of Hang Lung Bank.

The acquisition of Hang Lung Bank by Imperial Group has brought great confidence to the depositors of Hang Lung Bank.

After all, the Imperial Group is too powerful.

Back then, it could spend more than 100 billion to swallow up Jardine Land. Now after the acquisition of Hang Lung Bank, the strength of Hang Lung Bank must be very different.

Yang Ming finished his breakfast.

Take the car back to the Imperial Group.

Go back to the office of the chairman of the Imperial Group.

Lin Xiuzhi also already knew that the boss bought Hang Lung Bank.

When Lin Xiuzhi was making coffee for the boss, Yang Ming asked, "How are your parents?"

"They heard that they could get their principal back, and they felt much better."

Yang Ming has asked Meris to notify Yang Shoucheng to buy Xie Liyuan Gold Shop.

Not surprisingly, the acquisition of Xie Liyuan Gold Shop was also done in the past few days.

For the tens of thousands of Xie Liyuan Gold Shop investors, they can get their principal back, but not their interest.

Yang Ming hopes that after Yang Shoucheng gets the Xie Liyuan Gold Shop, he can turn this century-old shop into a gold and silver jewelry shop like Zhou Dafu of Zheng's family.

It has even become the largest jewelry and gold shop in Hong Kong, even Asia.

Besides.

Yang Ming also asked Meris to send someone to contact the shareholders of Dao Heng Bank.

Why did Yang Ming pay attention to this bank?
Founded in 1921, Dao Heng Bank is not as large as Hang Lung Bank. Historically, in 1982, it was acquired by the Guoco Group of the wealthy Malaysian businessman Guo Lingcan.

Now it happens that the Imperial Group has acquired it.

Yang Ming believes that under the current circumstances, it is not a problem to acquire this Chinese bank.

Except for this Dao Heng Bank.

Yang Ming focused on the third largest bank in Hong Kong.

Overseas Trust Bank.

Overseas Trust Bank was founded in 1955. The founder Zhang Mingtian, whose ancestral home is Tong'an in southern Fujian, is a wealthy businessman in Malaysia.

Among them, in October 1972, Overseas Trust Bank was listed in Xiangjiang. In addition to Zhang Mingtian as the major shareholder, there was also Zhuang Qingquan, the major shareholder of Hang Lung Bank.

It can be said that Zhuang Qingquan was very unlucky in history. Two large Chinese-funded banks were also taken over by the Governor's Mansion because of their bankruptcy.

Zhang Mingtian was designed by his friend Ye Zhuangling to fall into the "check wheel", resulting in a bank deficit of up to 5 million Hong Kong dollars.

Ye Zhuangling founded the Dominican Finance Company to provide immigration services for Xiangjiang people.

Beginning in September 1981, Ye Zhuangling discounted checks that could not be cashed to overseas trusts several times. Due to the time difference caused by the transfer of checks, it was able to deposit the money obtained from discounting the second check into the account, making the first check be honored.

Ye Zhuangling also used these funds to engage in speculative activities within the time difference.

However, due to the failure of Ye Zhuangling's speculation, losses occurred, and more funds were needed to make up for the shortfall.

So the "check wheel" got bigger and bigger, so that when it collapsed in March 1982, the total amount of checks that could be cashed by overseas trust banks was as high as 3 million US dollars.

Zhang Mingtian, the soul of overseas trust banks, died suddenly in February 1982. Is it a coincidence?
Haito Bank knew that Ye Zhuangling could not repay the debt in March 1982, but was afraid of attracting the attention of auditors and the Governor's Office. The chairman of the bank, Huang Changzan, worked with Ye Zhuangling to make false accounts to cover up the bank's losses.

Historically, this matter has been covered up for more than 3 years.

Since 1982, companies closely related to overseas trust banks, such as Diners Club Finance, Hang Lung Bank, and Carnival Properties, have successively gone bankrupt or been taken over.

In November 1984, Haito sold Huaren Bank, which had been acquired for only two years, and planned to sell Xiangjiang Industrial and Commercial Bank again.

On June 1985, 6, the Governor's Office suddenly announced that Overseas Credit Bank was closed for two days due to "unable to repay debts".

Afterwards, the Governor's Office announced the takeover of Hightower Bank.

The check wheel incident was thus exposed.

Due to interest and exchange rate changes, the bad debts caused by the check round have reached 9000 million US dollars (about 7 million Hong Kong dollars).

After the Government House took over Hightower, a total of 40 billion yuan of foreign exchange funds was used to make it continue to operate.

A total of 31 billion yuan was found to have been lost by Haito Bank. It seems that Haito Bank’s losses were not limited to the check round incident.

After 8 years of hard work, the Governor's Mansion sold Hightower Bank to Guoco Group at a price of 44.57 billion yuan.

The Xiangjiang Industrial and Commercial Bank affiliated to Haito was also taken over by the government along with Haito.

In August 1987, Dah Sing Bank acquired ICBC at a price of 8 million yuan, and changed its name to Dah Sing Financial Group, replacing the listed status of ICBC.

In other words, compared with Hang Lung Bank, Overseas Trust Bank is larger.

Historically, the Governor's Office had to invest more than 40 billion Hong Kong dollars to restore overseas trust banks.As the third largest local bank in Xiangjiang, Yang Ming has already taken a fancy to it.

At this time, the outside world did not know that this bank had so many problems.

The biggest problem is of course the check wheel incident.

There is also a shortfall in investment real estate and so on.

Yang Ming stood in front of the window and looked outside.

In addition to swallowing Hang Lung Bank, and the next Dao Heng Bank, the most important thing is the next Overseas Trust Bank.

In history, in 1982, Guoco Group acquired Xiangjiang Daoheng Bank, and in 1983 Daoheng Bank was listed in Xiangjiang.

In 1989, Guoco Group acquired Hang Lung Bank and merged it into Dao Heng Bank.

In 1993, Guoco Group acquired Overseas Trust Bank and merged it into Dao Heng Bank.

In 2001, Singapore Development Bank acquired Dao Heng Bank at a price of HK$432 billion and privatized Dao Heng.

In 2003, DBS Bank merged Dao Heng Bank, Overseas Trust Bank and Guang'an Bank acquired in 1998 to form DBS Bank (Xiangjiang).

DBS Bank, formerly known as Singapore Development Bank, is the largest commercial bank in Singapore.

It is rumored that the name was changed to DBS Bank in order to avoid the resentment of some people, mainly mainland residents and Malaysians.

DBS's largest shareholder is Temasek Holdings.

Now, Yang Ming wants to acquire Hang Lung Bank, Dao Heng Bank, and even Overseas Trust Bank. I am afraid that it will be impossible to determine whether the Development Bank of Singapore in history will still be of that size, and whether it can still become the largest commercial bank in Hong Kong. .

Yang Ming sat down in front of the boss chair.

Lin Xiuzhi brought the coffee to the boss, and naturally looked at the boss with different eyes.

　Chapter 2!

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(End of this chapter)