Island Tycoon

Chapter 408 Mortgage Borrowing

The real estate plunge that Hong Kong Island is about to face is definitely an opportunity for Ye Jingcheng.And what he really wanted to plan through this opportunity was to acquire a bank that was used as a capital turnover station.

In Ye Jingcheng's plan this time, a total of three banks became his targets, including Bank of East Asia, Liao Chongxing Bank, and Overseas Trust Bank.

Each of these three banks has its own advantages, but for Ye Jingcheng, the bank's advantages are secondary, mainly because of the possibility of his acquisition.

Bank of East Asia has the best background among the three banks. It has branches in almost every region of Hong Kong Island, and it is very difficult to acquire.Even if it will be affected by the real estate plunge in the future, it will be very difficult for Ye Jingcheng to acquire.

Coupled with his current assets, the acquisition of Bank of East Asia will also appear to be very difficult.In summary, you can try to get in touch, but you can't take any chances.Come if you do, go if you don't.

Next, Liao Chongxing Bank, just by hearing the name of the bank, one can tell that it is a family bank.Therefore, the issue of equity allocation within this bank is rather troublesome, at least it is divided into dozens of shares and falls among the family members.

The difficulty of acquisition is relatively high, and the acquisition of Ye Jingcheng is likely to become a kind of trouble and obstacle.But what Ye Jingcheng wanted was a bank of his own.Among these people, there will definitely be those who are unwilling to sell their shares, and this situation may still account for the majority.

Therefore, the most suitable condition for his current acquisition is Overseas Trust, a bank whose acquisition difficulty is at most medium.

The background of Overseas Trust Bank is not bad, and it is even an upstart in recent years. The scale of its branches has already caught up with Bank of East Asia, and its business operations are more diversified.Such as foreign currency deposits, remittances, safe deposit boxes, credit cards, mortgages, etc.

But there is also a disadvantage of jumping up so quickly, which is that it leads to an internal situation.The serious shortage of liquidity has also become the biggest shortcoming of this bank.Therefore, this real estate plunge, which was originally not well funded, was definitely affected the most.

Originally, overseas trust banks had engaged in building mortgage business, and the scale of this business was still very large.Today, the owners who invest in a large number of real estate lose, and they still have the ability to repay the monthly mortgage. At that time, the bank's capital chain will definitely be broken.

In fact, in this era, most banks will face this problem, especially on Hong Kong Island.This is because Hong Kong Island has always followed the international policy in terms of economy.

However, foreign banks continue to add new businesses, many of which are new-age businesses spanning from the 70s to the 80s.Such as foreign currency deposits, credit card settlement, check cashing, etc.

If bankers on Hong Kong Island do not want to be eliminated, they can only introduce these new-age businesses.And they themselves are not familiar with these businesses, which is the root cause of a series of problems.

The purpose of Ye Jingcheng's visit today is not to discuss the acquisition with the principal of the overseas trust bank.Instead, he intends to act as a pusher in this matter, so that the bank will fall into a poor management situation faster.

Only in this way can he maximize his own interests, and then use the lowest conditions to acquire the bank, and then the difficulty of acquisition will drop directly.If the difficulty is now medium, then the difficulty will only be easy.

As for whether Cheng Yaojin would be killed halfway, Ye Jingcheng was not worried about that.First of all, judging from the current situation, although this real estate plunge has led to poor management, although there are ten or eight banks, there are still three or five. Other investors may not necessarily be interested in overseas trusts.

Secondly, the next situation is still unclear. A successful businessman will never act rashly, unless this person, like Ye Jingcheng, came to this bank from the very beginning.

Moreover, even if the bank is fully acquired, it will definitely have to bear the billions of foreign debts owed by the bank.Not everyone can have ample liquidity like Ye Jingcheng.

The vast majority of successful people, including Li Jiacheng, the bigger their business is, the less liquidity they have.This ratio may be one to ten, one to twenty, or even a sum of thirty.

To take out several billions of debts for this bank, this person must have assets of at least tens of billions. This kind of decision must not be made lightly, and a bad one may affect their main business.

But Ye Jingcheng didn't have this problem. Among his personal assets, he had at least half of the liquid funds.

In other words, now that he has at least 60 billion assets, he can come up with 30 billion working capital, which is definitely the only one on Hong Kong Island.

At this time, including Ye Jingcheng, Zhang Mingtian, the current chairman of the bank, and Cao Yao, one of the founders, sat together in the conference room to discuss.

"Young Master Ye, my brother misses you very much since we bid farewell last time." Zhang Mingtian said politely.

Although it was a normal compliment, he had a different idea in his heart.He and Ye Jingcheng were able to make such achievements at this age, and he didn't feel that he should admire each other.

Zhang Mingtian even looked down on Ye Jingcheng, thinking that Ye Jingcheng was just lucky.If you really have the ability, you don't need to come up to him now, and you have to discuss the issue of mortgage loans.

"Zhang Sheng, Cao Sheng, I think it's better to talk about the business first." Ye Jingcheng broke into the topic.

That's right, Ye Jingcheng did want to borrow from an overseas trust as a mortgage.In fact, with the working capital in his hand, it is completely enough to operate this plan, so why bother.

Ye Jingcheng was not interested in this borrowed funds, but the mortgage loan was a major premise for him to promote this wave.

Because if he didn't do this, how could he squeeze out the working capital of the overseas trust? After it experienced a real estate plunge, it didn't even have a chance to struggle, so it could only obediently accept his full acquisition.

"Ye Sheng, according to the property you mentioned on the phone, I have asked the bank's appraiser to do the appraisal for you." Immediately, Zhang Mingtian suppressed his smile and faced Ye Jingcheng with a business-like attitude.

At the same time, a document was handed over to Ye Jingcheng, which was the appraisal of the property he planned to mortgage.These include the ten-thousand-square-foot mansion he bought in Repulse Bay earlier, a whole department store that he bought from the land at an auction and then built it. In addition, Qingdeng Entertainment and Nanguo Cinemas were also mortgaged.

"That's right, I wonder what kind of investment Young Master Ye plans to invest in?" Zhang Mingtian asked curiously.

……

(End of this chapter)