pdf-ebookys Chapter 624
Chapter 624
In the Sun family villa, Sun Shanshan lowered his head somewhat embarrassedly. The old man of the Sun family sighed and said, "Alas, this is all God's will."
"I'm sorry, father." Sun Shanshan choked up.
The old man of the Sun family shook his head: "Forget it, it's better to let go of things that can't be kept."
"But, but father, that's what grandpa left for you." Sun Shanshan said unwillingly. Now that the old man of the Sun family wants to sell the shares of Kowloon Bank, how can he be willing.
The old man of the Sun family laughed and said, "Oh? Then I can keep it if I keep it? With your speed of squandering, even if these shares are not sold, you can't keep them."
After listening, Sun Shanshan lowered his head even lower.
"Master, Mr. Lei Ming from Hongxing is here." At this time, a servant came to the door of the study and asked for instructions.
The old man of the Sun family nodded: "Let him wait in the living room, I'll go down right away."
"Okay, master."
Then the old man of the Sun family took Sun Shanshan to the first floor.
"Mr. Sun." Lei Ming stood up and greeted Mr. Sun after seeing him coming down.
Mr. Sun smiled and said, "I'm old now. Now it's the world of you young people. You don't have to be polite."
"Thank you for the compliment, old man. You have always been an idol for us young people." Lei Ming said politely.
After a round of greetings, Mr. Sun got straight to the point and said, "I understand your intention, but you have to think about it. The price I want this time is not low."
"Don't worry, Mr. Sun. My boss is very sincere." Lei Ming said confidently.
Seeing Lei Ming so confident, Mr. Sun was even more helpless. As a young man, Lin Dong's strength crushed this prodigal son in his family.
"Mr. Lei, I wonder what price Mr. Lin is going to offer." Mr. Sun shook his head, threw away the envy in his mind, and said.
Lei Ming said with a smile: "Mr. Sun, the current valuation of Kowloon Bank is about 2.5 billion. Our boss said that we can buy your 25% of the shares at a premium of 10%, which is 700 million."
"Mr. Lei, it's a little too little. This is one of the few banking licenses in Hong Kong." Grandpa Sun shook his head.
Lei Ming said with a smile: "Grandpa Sun, you also know that Kowloon Bank now completely relies on the Hong Kong head office to survive. Now your bank's investment business is almost zero, and if there is a run, even the Hong Kong head office can't help you."
Hearing Lei Ming's attitude, Sun Shan was very upset at this time.
If it was the previous Kowloon Bank, the market value would easily exceed 5 billion, but unfortunately the Kowloon Bank is now in decline.
"But we still have a lot of bonds." Grandpa Sun shook his head.
Lei Ming smiled and said, "Grandpa Sun, do you think those bonds are still useful now?"
"Hmm? What else?" Grandpa Sun said with half-closed eyes.
Lei Ming did not answer, but took out a document from his briefcase and handed it over, and then spoke.
"The large loan businesses of the Li, Guo, Zheng, and Li families have now been transferred to Standard Chartered Bank and Citibank. To put it bluntly, the bonds owned by your Kowloon Bank are just a pile of waste paper."
Grandpa Sun's face turned pale after hearing this, and he said in disbelief: "Impossible, we still have projects in Hong Kong?"
"Haha, Grandpa Sun, you think too much. Now the people of the four major families are closing the market. Do you think they will continue to develop?" Lei Ming said without hesitation.
Hearing this, Grandpa Sun was stunned for a moment, and then laughed at himself: "Haha, people leave and tea gets cold."
"Grandpa Sun, businessmen pursue profits, this is inevitable." Lei Ming shook his head.
Mr. Sun did not answer. After a pause, he said, "Mr. Lin wants to privatize Kowloon Bank?"
Lei Ming did not hide it from the other party and nodded: "Yes."
"Okay, okay, it is true that heroes come from youth. I will sell it for 700 million yuan, but I hope you can agree to one condition of mine." Mr. Sun said.
Lei Ming: "You say."
"I hope you can keep an honorary director position for our Sun family. Of course, this position does not require rights or dividends." The old man of the Sun family said.
Lei Ming was stunned for a moment, then nodded: "I understand, Mr. Sun wants to keep a memory."
"Well, Kowloon Bank is not only an industry for our Sun family, but also a heritage." Mr. Sun said with a gloomy look.
Lei Ming nodded: "Wait a minute, I will ask the boss."
Then Lei Ming turned and walked towards the door, and then told Lin Dong about Mr. Sun's request.
"Okay, agree to it." Lin Dong thought about it and asked Lei Ming to agree to Mr. Sun's request.
For others, Kowloon Bank mayIt may be just an industry, but the Sun family is different. Kowloon Bank was the family business given to them when they left the Bao family. Selling it means letting them give up the past, so they are naturally reluctant to give it up.
As the former top wealthy family in Hong Kong, the Bao family will get a foundation after their children get married. This is the origin of the earliest top ten families in Hong Kong.
However, with the passage of time, many wealthy families have ended. The old man of the Sun family wants a position of "honorary director" and also wants to let the future remember the glory of his family.
Lin Dong was too lazy to argue with the other party about such a trivial matter, so he simply agreed.
"Okay, boss." After getting Lin Dong's permission, Lei Ming immediately conveyed the news to Mr. Sun.
Lei Ming came to the villa and said to the old man of the Sun family: "Mr. Sun, our boss agreed. After taking the shares, we will arrange an honorary director position for the Sun family."
"Thank you, so I can face my ancestors." The old man of the Sun family said with a smile.
Then the two sides began to draft the contract. The moment he signed his name on the share transfer book, Mr. Sun suddenly felt relieved.
He sighed: "There are talented people in every generation, and the new generation replaces the old. I believe that Kowloon Bank will get better and better in the hands of Mr. Lin."
"Thank you for your good words, Mr. Sun, our LD Investment Group (Lin Dong's financial investment company) will not let you down." Lei Ming answered seriously.
After the contract was signed, Lei Ming stood up and said goodbye. He still had to hold a press conference, and by the way, he had to apply for delisting with the Securities and Futures Commission in Hong Kong.
Now Lin Dong holds 53% of Kowloon Bank's shares and can apply for privatization.
When the news of Kowloon Bank being acquired by LD Group came out, all the wealthy families in Hong Kong were dumbfounded. They never dreamed that Lin Dong would take over Kowloon Bank so quickly.
Even Mr. Huo called Lin Dong to congratulate him.
"Congratulations, Mr. Lin."
Lin Dong smiled and said, "Mr. Huo, you are too polite. I was just lucky."