Siheyuan (courtyard house): My name is Shazhu!
Chapter 435 The power to issue currency is finally in our hands!
It's difficult for either of these banks to exit now, as their stock prices have already fallen below three dollars. How much money could they get back if they sold their shares?
The chaotic situation among the locals necessitated military intervention, as they had no choice but to rely on police weapons and submachine guns/RPGs to fight back.
They're practically sending themselves to their deaths, and ordinary citizens will suffer as a result. It's not that they care about ordinary citizens; they're afraid it will affect their own careers.
In less than twenty days, the banks here were all on edge, feeling that all the major gangs were out there robbing them.
What's even stranger is that more and more citizens are gathering near this area of banks, but they won't go near any of them. They even leave the road open, standing on both sides of the road as if welcoming someone's arrival.
This scene made all the onlookers burst into laughter. They were truly fearless, just there to pick up money, and even providing convenience for the robbers.
When this scene aired, even the robbers were laughing. The people here are rich and know the rules, so throwing money around is acceptable!
Niu Niu's face turned completely green. They had no choice but to make up their minds to arrest the person; they couldn't rely on anyone else!
Persistence pays off. After overcoming numerous difficulties, they finally captured one of the wounded robbers. Without even asking, they could tell from his appearance and accent that he was from the Big Circle Gang.
As expected, the interrogation revealed that the group of five had arrived four months earlier after hearing about the robbery of a foreign bank.
They decided to get involved, but since they were new to the area and had no money to buy heavy weapons, they were arrested.
I'm a veteran, it's worth it to fight your Eight-Nation Alliance here. Kill me or torture me as you please, I'm not afraid.
Don't ask anyone else, I would never betray my comrades!
You son of a bitch, what do we have to do with the Eight-Nation Alliance? We're legitimate businessmen, you know?
Then the man stopped uttering a word, and many police officers sided with him, sparing him further suffering and directly refusing any torture.
We are a civilized police force; we would never use torture. Come to us yourselves, and we will sue you for breaking the law.
Niu Niu was helpless; it seemed his only options were to go to this person's hometown for help or to protest.
The massive military downsizing is a huge disaster for us. Please help us resolve this, I beg you, they're causing such a ruckus here.
"Should we get involved in this?"
"We can verbally manage it, but it's not as serious as they say. The ones who will suffer are all foreign banks. The social order there is very good; Comrade He Yuzhu has already drawn a line for them."
"I'm issuing a statement to make it clear that I understand what Comrade He Yuzhu is up to. First, he's targeting the power to issue currency, which is a key way for the 'Niu Niu' to plunder that territory!"
The second thing is even more important: to regulate the financial sector there. They want to become a financial city, and the more standardized the banking operations are, the better.
It's better for them to default now than in a few years. The lack of regulation in the financial industry will make their future path even more difficult.
Dongda Group, adopting a "better to suffer a short, sharp pain than a long, drawn-out one" approach, is ignoring the matter and may even be secretly fueling it!
"I understand that regulating the financial market is a great thing, but we must overcome any minor problems that arise."
My question is about the currency issuance rights. This time, Dongda Bank has secured the currency issuance rights, plus their subsidiary Hang Seng Bank...!
"Old Qu, I understand what you mean. When Comrade He Yuzhu talked to me about this three years ago, he had already decided to return the right to issue currency to us."
They don't intend to plunder, so why leave behind such a useless right? It's not only a burden, but it also won't satisfy us.
A reputable businessman wouldn't do such a thing!
"Since he made such a promise, it seems we should lend a hand; it would be better to take back the right to issue currency."
"Personally, I think it's best to let Comrade He Yuzhu handle it. He's there, and he's had plenty of time to prepare. We shouldn't get involved in their affairs; we're not familiar with them!"
"I think this is a good idea. Getting too involved might do more harm than good. What are your opinions?"
"agree."
Three days later, a lukewarm statement was released, but anyone could hear the helplessness in it.
"You're no longer under our jurisdiction. When you're in other places, it's best to follow the rules and regulations. Don't affect their economy, and definitely don't harm innocent people..."
Gone.
It's frustrating but there's nothing they can do. They really can't control this area, and issuing a statement isn't easy. If they go too far, they'll be proven wrong.
Three days later, Niu Zha Bank couldn't hold on any longer; they had absolutely no money left to redeem customer deposits.
Selling out bank scraps!
They will still sell it publicly, with the highest bidder winning, including their right to issue currency.
For a moment, many people were tempted, but after thinking about it, they shook their heads and sighed, "If I was born, why was I born at Dongda University!"
Two days later, Hang Seng Bank sent people to check the accounts, and Dongda Group acquired Niu Zha Bank for HK$3 billion, which is about 300 million NT dollars. They became history in Hong Kong.
Dongda Bank spent 3 billion because it was interested in their land, low debt, and key currency issuance rights!
On the surface, it appears that Dongda Group paid an extra HK$800 million, but in reality, it made a profit six months later.
You have to understand that these big shots' banks are in really good locations; the land for one branch is so big that it's enough to build a small office building.
Building other types of KTVs? Nightclubs and teahouses are no problem at all.
After acquiring Bank Negara Malaysia, Hang Seng Bank has been handling the merger and spin-off, as they are used to it and have acquired many small banks over the years.
After dealing with this matter, He Yuzhu still didn't concern himself with the other bank issues. There were still forty days until the signing of the return agreement; you guys could continue playing around.
He Yuzhu and Zhao Youcai were handling another matter, demanding that 56 out of the 87 people on the list repay their loans. If they failed to repay within half a month, all items on the collateral would be seized.
"He Sheng is ruthless. This time, he's using business methods to directly deal with those clueless people. Do they think He Sheng doesn't know what they're thinking?"
"Human greed is like a snake trying to swallow an elephant, or a person who can't be greedy enough to eat the moon. They are still too greedy. The Lin family claims to have assets worth tens of billions, but what is that compared to the Dongda Group?"
Don't they realize that a stock worth over 20 billion in the stock market isn't really a billion-dollar asset? The stock price will definitely crash as soon as the news breaks.
"They're overestimating themselves. They've disliked Dongda Group for twenty years, and now they're getting their comeuppance. We're just watching the show."
"He Sheng retaliated swiftly; they had only taken over Niuzha Bank two days prior."
He likes things to be done quickly.
Is 20 billion yuan worthwhile in the stock market right now? Yes! It is because stock prices are already at their lowest point, and some stocks have even fallen below net asset value.
Is 20 billion yuan worth it in the stock market now? No! Although the net capital has fallen, the equipment and workers are useless to Dongda Group; in fact, they are a burden.
What's useful to Dongda Group is its real estate, valued at around 17 billion yuan, not its toy and clothing companies, which are valued at around 5 billion yuan and are technologically outdated and worthless.
In light of this, Dongda Group was able to acquire 27% of the shares and become the largest shareholder after failing to repay its 4.7 billion yuan loan, and then split and sell off the remaining shares, including their factory in their hometown.
Dealing with them would be a good deal for Dongda Group.
Why are you begging for mercy now? Where were you before? Their total loan amount for 56 companies exceeds 66 billion yuan, and this money was paid to their clients by Dongda Group.
If they hold on for two months, the stock market will recover and they will have no problem recovering. He Yuzhu doesn't want to do that. Isn't it just a matter of losing 6 billion?
Unfortunately, without any real estate companies, Hong Kong is no longer suitable for any low-end manufacturing industry.
I don't care when I'm old. I'll just crush you all, make you penniless first, and then when you can't stand the poverty, you'll go to the Western Paradise to live a good life. That's normal, right?
Forgiving you for twenty years is enough for the sake of our compatriot status, but now you still dare to join forces with outsiders.
There is no way to die!
Instead, you should all die!
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