Shen Dong laughed and said, "Hang Seng Bank is the largest bank in Hong Kong Island. No businessman is not envious, and I am no exception. What? Mr. Barker doesn't have the guts?"
Buck said, "I won't fall for your tricks. You think you can buy 26% of Hang Seng Bank's shares for a billion dollars? You're dreaming."
A cold glint flashed in Shen Dong's eyes as he said, "Do you have any other choice? Or rather, can you find someone to give you money to make a comeback? All the shareholders of Hang Seng Bank are watching you. The reason they haven't made a move against you is because you haven't lost all your money yet. Once they find out the truth, your fate is predictable. At that time, not only will you never become the head of the Buck family, but you might also be killed by your ambitious brothers. Family struggles have always been ruthless, and I think you should know that better than I do."
After hearing Shen Dong's words, Buck fell completely silent.
Shen Dong is right, he has no other choice.
There's no other way but to go down this path to the bitter end.
“I want two billion US dollars,” Buck said in a deep voice.
"impossible."
Shen Dong refused without hesitation, saying, "Hang Seng Bank's total market value is around 10 billion. You lost 6 billion, leaving you with 4 billion. For 26% of the shares, 1 billion US dollars is the limit."
Buck said, "I have a commercial building and a plot of land of more than 20,000 square meters in Central, which is enough for a billion US dollars."
Shen Dong raised an eyebrow and said, "I'll send someone to take a look tomorrow. If there are no problems, we'll sign the contract. But the bet needs to be changed; you have to earn two billion US dollars within a month."
Buck nodded and said, "No problem."
The next day was Saturday. Buck took the people from Ascension Real Estate Company to a commercial building under his name. The plot of land, which was more than 20,000 square meters, was on the edge of Central, and the location could only be described as decent.
After confirming that all the procedures were in order, Tengfei Real Estate Company reported to Chen Dong.
They gave it an estimated value of $1.1 billion.
Shen Dong signed a betting agreement with Buck without hesitation.
He's 100% sure he'll win this bet.
Because Buck can only get up to 10 times leverage, it would be impossible for the Japanese stock market to surge by 10% in a month unless the sun rises in the west.
To Shen Dong's surprise, the Japanese stock market crashed even more drastically than in his previous life.
After Buck plunged into the Japanese stock market with two billion US dollars, the market fell below 12 percent again in just two weeks before quickly rebounding.
In this process, Shen Dong sold all his short positions, making a total profit of US$27.6 billion, creating a legend in the investment market.
Buck, on the other hand, suffered a terrible fate. He invested eight billion US dollars, only to have his account wiped out in the end.
"Did Buck really run away?"
Shen Dong asked in surprise.
Jimmy laughed, "He ran away with Kerry. The Hang Seng Bank board is going crazy; they never expected Buck to use up three billion in reserves."
A glint of light flashed in Shen Dong's eyes as he said, "Jimmy, immediately release the news that Hang Seng Bank has lost six billion US dollars. Before officially taking over Hang Seng Bank, I want to make one more fortune."
He recently spent a total of US$1.5 billion shorting Hang Seng Bank, which is almost 18 percent of Hang Seng Bank's total market value.
As soon as the news comes out, Hang Seng Bank's stock price will inevitably plummet.
Then, Shen Dong can buy the shares back at a lower price, and everything will be fine.
Jimmy nodded and said, "Understood."
At 11 a.m., news that Hang Seng Bank CEO Barker had been forced to liquidate his position after misappropriating US$6 billion to buy shares in Japan spread throughout Hong Kong Island, causing widespread panic among investors.
When the market opened in the afternoon, Hang Seng Bank's share price plummeted like a waterfall.
The Hang Seng board immediately held a press conference to explain to the public.
However, since Buck had already escaped, he could not appear in front of everyone.
After the press conference, investors actually sold off their shares 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 off his short positions, and then began to buy a large number of long positions.
Just before the Hong Kong stock market closed, Shen Dong spent only US$880 million to buy 17 percent of Hang Seng Bank's shares.
With the 26% stake that Buck lost to him, Shen Dong now owns 43% of Hang Seng Bank, making him the undisputed largest shareholder.
In the end, Shen Dong not only didn't spend any money, but actually made a lot of money.
At this point, Hang Seng Bank's total market capitalization had fallen to four billion US dollars.
The following morning, Hang Seng Bank fell another 10%.
In the afternoon, Hardy Barker, the head of the Barker family, urgently flew to Hong Kong Island and convened a board meeting of Hang Seng Bank.
Hardy Buck's face was extremely grim.
He knew about Philip Barker's use of three billion US dollars to buy Japanese stocks.
He never expected that his most favored son would dare to secretly use up three billion US dollars of bank reserves, and even suffer a margin call.
Even if the Buck family were to repay a full six billion US dollars, it would still be a huge financial strain.
Hardy Barker asked, "Have Philip and Jack been found?"
Everyone shook their heads.
Hales, the second-largest shareholder who had always wanted to become chairman, said, "Mr. Buck, your son's actions have caused the biggest crisis in Hang Seng Bank's history, resulting in heavy losses for all of us shareholders. How do you plan to compensate us?"
Hales's words were very blunt, without any attempt to conceal anything!
Other shareholders have turned their attention to Hardy Barker.
Hardy Buck said, "That's Philip's business, it has nothing to do with our Buck family."
Upon hearing this, everyone was alarmed.
"That won't do."
“Your Buck family must compensate us for our losses.”
“Your son has almost ruined the entire Hang Seng Bank, and you don’t even want to pay a single penny back. It’s outrageous.”
“We have the original agreement. If you don’t pay, then we’ll have to see you in court.”
...
Although the Buck family is a first-class family in the United States, the power behind the other shareholders should not be underestimated, and they are not afraid of the Buck family.
Now that Hang Seng Bank has caused them heavy losses, how could anyone let Hardy Barker off the hook?
Hardy Barker said, "You signed an agreement with Philip, which has nothing to do with the Barker family. I hereby formally announce that Philip Barker is expelled from the Barker family. If you can find him, you can do whatever you want with him."
The shareholders were all furious, their faces turning red with anger.
Hardy Buck is blatantly being unreasonable with them!
That's so damn shameless!
Hardy Barker continued, "Philip Barker owns 26 percent of Hang Seng Bank's shares, and these shares are considered compensation for everyone. As for how to divide them, that's up to you."
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