Hong Kong Movie: Traveling through Hung Hing, you want me to do good deeds?

The 3 billion reserve funds are Buck’s top secret. Only he and Chris know about this. Even the trading team is not clear about the source of these funds. How did Shen Dong know about it?

Did Kerry betray him?

Seeing Buck's face change wildly, Shen Dong continued: "As long as I leak this news, your Hang Seng Bank will immediately fall into the most dangerous situation. It will be difficult for the market value not to fall by 50%. The worst is you. Losing 6 billion US dollars to the bank is enough for those shareholders to cook you to death."

Buck said in a deep voice: "Your information is wrong."

Shen Dong smiled and said, "Okay. I will spread this news tomorrow and let everyone help me verify its authenticity."

"you..."

Buck was suddenly speechless.

In the past, he would have confronted her long ago, but now he really doesn't have the courage to do so.

"what on earth do you want?"

Buck took a sip of red wine to calm himself down, then asked Shen Dong.

Shen Dong took a sip of red wine and said, "I want to know how many shares of Hang Seng Bank you have?"

Buck exclaimed, “You want to buy Hang Seng Bank?”

Shen Dong smiled and said, "Whether we can acquire it depends on you."

Buck was confused by Shen Dong's words and asked, "What do you want?"

Shen Dong said: "It's very simple. I'll make a bet with you. Do you think you can make your money back?"

Buck said without hesitation: "Yes. The Japanese stock market has already fallen to this point. As long as you give me another 2 billion US dollars, I can definitely make it back."

Shen Dong was amused and said, "Two billion US dollars? Mr. Buck, the shares of Hang Seng Bank in your hands should be around 26%. With the current situation of Hang Seng Bank, it is probably not worth that much money. At best, it is only ten billion US dollars."

Buck snorted and said, "You did a thorough investigation. But even if I had 26% of Hang Seng Bank's shares, I would never sell them to you."

Shen Dong said, "I just said that I want to make a bet with you. You use the shares of Hang Seng Bank as collateral, and I will give you 1 billion US dollars as funds to make a comeback. Within one month, if you can make another 10 billion in the Japanese stock market with this 10 billion US dollars, I will return the shares of Hang Seng Bank to you, and you will return the 10 billion US dollars to me, and I will consider it as a favor to you. On the contrary, if you fail to do so, I will not take the 10 billion US dollars, but 26% of the shares of Hang Seng Bank will belong to me. What do you think?"

Buck said coldly: "After all, you still want Hang Seng Bank shares."

Chapter 587 Buck ran away

Shen Dong smiled and said, "Hang Seng Bank is the largest bank in Hong Kong Island. Every businessman is jealous, and I am no exception. Why? Mr. Buck doesn't have the courage?"

Buck said, "I won't be fooled by you. You want to buy 26% of Hang Seng Bank with 1 billion US dollars? What do you want?"

A cold light flashed in Shen Dong's eyes, and he said, "Do you have any other choice? Or, can you find someone to give you money to help you make a comeback? All the shareholders of Hang Seng Bank are watching you. The reason they haven't taken action against you is that you haven't lost all your money. Once they know the truth, you can imagine your fate. By then, not only will you never become the patriarch of the Buck family, you may even be killed by your ambitious brothers. Family struggles have always been cruel. I think you should know this better than me."

After hearing Shen Dong's words, Buck fell completely silent.

Shen Dong was right, he no longer had any choice.

Can only walk one way to the dark.

"I want 2 billion US dollars." Buck said in a deep voice.

"impossible."

Shen Dong refused without hesitation, saying, "The total market value of Hang Seng Bank is about 10 billion. You lost 6 billion, and you still have 4 billion left. 26% of the shares, 1 billion US dollars is already the limit."

Buck said, "I have a commercial building and a piece of land of more than 20,000 square meters in Central, which is enough for 1 billion US dollars."

Shen Dong raised his eyebrows and said, "I will send someone to take a look tomorrow. If there is no problem, we will sign the contract. But the bet needs to be changed. You have to make 2 billion US dollars within a month."

Buck nodded and said, "No problem."

The next day was Saturday. Buck took the people from Tengfei Real Estate Company to a commercial building under his name. The land of more than 20,000 square meters was on the edge of Central and the location was just okay.

After confirming that there were no problems with all the procedures, Tengfei Real Estate Company reported to Shen Dong.

They gave an estimate of $1.1 billion.

Shen Dong signed a bet agreement with Buck without hesitation.

He will definitely win this bet.

Because Buck can only get a maximum of ten times leverage, if he wants the Japanese stock market to surge by ten percent within a month, it will be impossible unless the sun rises from the west.

What Shen Dong didn't expect was that the Japanese stock market fell even more badly than in his previous life.

After Buck plunged into the Japanese stock market with 2 billion US dollars, just two weeks later, the Japanese stock market fell below 12 percentage points again, and then quickly rose again.

During this process, Shen Dong sold all of his short positions, making a total profit of 27.6 billion US dollars, creating a myth in the investment market.

Buck was in a miserable situation. He invested 8 billion US dollars, but the final result was a margin call.

"Did Buck really run away?"

Shen Dong asked in surprise.

Jimmy laughed and said, "He ran away with Kerry. The board of directors of Hang Seng Bank was going crazy. They didn't expect Buck to use 3 billion in reserves."

Shen Dong's eyes flashed with a gleam, and he said, "Jimmy, go and release the news immediately. Announce that Hang Seng Bank has lost 6 billion US dollars. Before I officially take over Hang Seng Bank, I want to make another fortune."

He recently spent a total of 1.5 billion US dollars to short Hang Seng Bank, accounting for almost 18% of Hang Seng Bank's total market value.

As soon as the news comes out, Hang Seng Bank's share price will inevitably plummet.

At that time, Shen Dong will buy back the stocks at a low price, and everything will be fine.

Jimmy nodded and said, "I understand."

At 11 o'clock in the morning, the news that Hang Seng Bank CEO Buck secretly used 6 billion US dollars to buy Japanese stocks and suffered a margin call spread throughout Hong Kong Island, and investors suddenly felt extremely panicked.

When the afternoon trading opened, the share price of Hang Seng Bank plummeted like a waterfall.

Hang Seng’s board of directors immediately held a press conference to explain the situation to the public.

But because Buck had already escaped, he could not appear in front of everyone.

After this press conference, investors sold their stocks even more aggressively.

In just one and a half hours, Hang Seng Bank's market value plummeted by 52 percent.

Shen Dong seized the opportunity, sold his short positions, and then turned around and started buying a large number of long positions.

Before the closing of the Hong Kong stock market, Shen Dong spent only 880 million US dollars to buy 17% of Hang Seng Bank's shares.

Including the 26% that Buck lost to him, Shen Dong already owns 43% of Hang Seng Bank's shares, making him the undisputed largest shareholder.

After all the efforts, Shen Dong not only did not spend any money, but made a lot of money instead.

At this time, the total market value of Hang Seng Bank had fallen to 4 billion US dollars.

The next morning, Hang Seng Bank fell another 10 percent.

In the afternoon, Hardy Buck, the patriarch of the Buck family, flew to Hong Kong Island urgently and convened a board meeting of Hang Seng Bank.

Hardy Buck's face was extremely gloomy.

He knew that Philip Buck used 3 billion US dollars to buy Japanese stocks.

But he never expected that his most promising son would hide the truth from him and use 3 billion U.S. dollars of bank reserves, which ended up being liquidated.

The full 6 billion US dollars, even if the Buck family has to pay it back, it will still be a huge loss.

Hardy Buck asked, "Have Philip and Jack been found?"

Everyone shook their heads.

Hals, the second largest shareholder who had always wanted to be the chairman, said, "Mr. Buck, because your son's operation caused the biggest crisis in the history of Hang Seng Bank, all of us shareholders suffered heavy losses. How do you plan to compensate us?"

Hals's words were very explicit, without any concealment!

Other shareholders turned their attention to Hardy Buck.

Hardy Buck said, "That's Philip's business. It has nothing to do with our Buck family."

When everyone heard this, they were shocked.

"This won't work."

"You, the Buck family, must compensate for our losses."

"The entire Hang Seng Bank is about to be ruined by your son, and you don't even want to pay a penny. This is simply unreasonable."

"We have an original agreement. If you don't pay, we can only see you in court."

.....

Although the Buck family is a first-class family in the United States, the power behind other shareholders cannot be underestimated, and they are not afraid of the Buck family.

Now that Hang Seng Bank has caused them heavy losses, how could they possibly let Hardy Buck go?

Hardy Buck said, "You signed the agreement with Philip. It has nothing to do with our Buck family. Now I officially announce that Philip Buck will be expelled from the Buck family. If you can find him, you can do whatever you want with him."

The shareholders were so angry that their faces turned red and their necks became thick.

Hardy Buck is openly playing rogue with them!

So shameless!

Hardy Buck continued, "Philip Buck owns 26% of Hang Seng Bank's shares. These shares are compensation to everyone. As for how to divide them, it's up to you to decide."

Chapter 588: Strong Entry

As soon as he finished speaking, the door of the conference room was pushed open.

Everyone turned around and saw Shen Dong walking in, surrounded by seven or eight people including Song Zihao and Ou Yongen.

He glanced at Hardy Buck and said nothing. He walked directly to the other side of the long table and sat opposite Hardy Buck at a distance of more than ten meters.

Hardy Buck frowned and asked, "Who are you?"

Shen Dong smiled slightly and said, "Shen Dong, the president of Tengfei Group, is also the new president of Hang Seng Bank."

Hals frowned and said, "Mr. Shen, what do you mean?"

Shen Dong snapped his fingers, and Ou Yongen took out a stack of copies of the agreement from his briefcase and had them distributed to all shareholders.

"Everyone, I'm sorry, Mr. Philip Buck signed a bet contract with me half a month ago. I gave him 2 billion US dollars to go long on the Japanese stock market, but he lost. In other words, I own Mr. Buck's 30,000 square meters of land in Central, a commercial building and 26% of Hang Seng Bank's shares." Shen Dong said with a smile.

After reading the agreement, Hardy Buck slammed the table hard and said, "We, the Buck family, do not recognize this agreement."

Ou Yongen said: "I'm sorry, this is an agreement signed between Mr. Philip Buck and Mr. Shen personally, and it has nothing to do with your Buck family."

Hardy Buck said angrily: "Who are you?"

Shen Dong said calmly, "This is lawyer Ou Yongen, who is responsible for all legal matters regarding my acquisition of Hang Seng Bank. Who are you?"

Hardy Buck said, "I am the patriarch of the Buck family, Philip's father."

Shen Dong said, "Then how many shares of Hang Seng Bank do you own?"

Hardy Buck was stunned and couldn't say a word because of Shen Dong's blockage.

Shen Dong continued: "Since you are not a shareholder of Hang Seng Bank, what qualifications do you have to sit in the meeting room?"

Hardy Buck said: "I was invited by all shareholders."

Shen Dong said: "If that's the case, then what do you want to do here?"

Hardy Buck said coldly: "Mr. Shen, I want to remind you that you are not the chairman of Hang Seng Bank yet."

Shen Dong smiled and said, "Don't worry, it will be soon. Ladies and Gentlemen, I now own 26% of the shares, and I bought 17% of the shares on the market some time ago, which adds up to 43%. Do you think I am qualified to sit on the position of chairman of Hang Seng Bank?"

Hals frowned and said, "Our shares exceed 50%. If you want to become the chairman of Hang Seng Bank, you must get our consent."

Shen Dong nodded and said, "I understand what you mean. Since everyone is here today, let's vote. Let me see who disagrees with me being the chairman?"

Hals said: "I disagree."

"disagree."

"disagree."

Other shareholders raised their hands.

Hardy Buck smiled and said proudly, "Mr. Shen, it seems that you are not very popular in Hang Seng Bank?"

Shen Dong's eyes flashed with a gleam of light, and he said, "There is an old saying in Xia country that if you don't accept a toast, you will be punished. Since you don't welcome it, I have to use some tricks."

When everyone heard this, they all looked at Shen Dong.

Shen Dong said: "As a major shareholder, I have the right to know all the transaction records of Hang Seng Bank in the past ten years. In an hour, a large number of professionals will enter the financial department of Hang Seng Bank. Once the problem is found, no matter who is involved, I will immediately send him to prison. Everyone, I hope you have not done anything illegal, otherwise, you will definitely die."