Shen Dong stood up and said to Hardy Barker, "Mr. Barker, your son's misappropriation of Hang Seng Bank's reserves by abusing his position will not be left unresolved. I have already hired a lawyer and am preparing to take him to court. I hope you will not mind."
Hardy Barker chuckled and said, "That's your right."
Shen Dong shrugged and said, "I hope it won't implicate you."
After saying that, Shen Dong gave him a deep look, then turned and left with Ou Yongen.
The others, led by Song Zihao, handled the purchase of Hang Seng Bank shares.
Unsurprisingly, all shareholders agreed to sell their shares.
At 7 p.m., Song Zihao reported to Shen Dong that they had acquired 96 percent of Hang Seng Bank's shares.
In other words, Hang Seng Bank has become a private bank.
Shen Dong, who was taking a walk with the four women, was naturally very happy.
Ou Yongen's heart skipped a beat, and she asked, "Honey, have you found a new president for Hang Seng Bank? You probably won't be using an American anymore, right?"
Shen Dong said, "The middle and even upper management of Ascendas Group can come from any country in the world, but the upper management cannot. Hang Seng Bank is related to many of my investment plans in the future, so it would be more appropriate to find someone from Hong Kong Island or the mainland."
Shen Dong plans to affiliate Tengfei Investment Company with Hang Seng Bank to form an independent investment department, headed by Song Zihao, who will report directly to Shen Dong.
As for the position of president of Hang Seng Bank, Shen Dong will definitely choose a Chinese person.
Li Xinxin smiled and said, "Yongen, do you have someone suitable to recommend to your husband?"
Ou Yongen nodded and said, "Liu Dong, the president of Standard Chartered Bank."
Standard Chartered Bank has always been controlled by Hang Seng Bank; in other words, Standard Chartered Bank is now also a private bank owned by Shen Dong.
Shen Dong was taken aback and said, "I remember the president of Standard Chartered Bank was an American, right?"
Ou Yongen laughed and said, "Liu Dong used to be the president of Standard Chartered Bank. Five years ago, he was arrested by the police and imprisoned for a corruption case. He was released six months ago after serving his sentence."
Shen Dong asked curiously, "How do you know so much?"
Ou Yongen said, "Because Liu Dong is my godfather's classmate. He's able to work at a finance company now thanks to my godfather's help."
Shen Dong asked, "How much money did he embezzle?"
Ou Yongen said, “Three hundred thousand US dollars. During Liu Dong’s tenure as president of Standard Chartered Bank, his straightforward personality and unwillingness to compromise offended many shareholders of Hang Seng Bank. Five years ago, Liu Dong was framed and imprisoned by the then vice president, Reynolds. My godfather handled this case for him, but due to the lack of cooperation from Standard Chartered Bank and Hang Seng Bank, it was difficult to obtain evidence, and he ultimately lost the case. This matter has always been a thorn in my godfather’s side.”
Shen Dong shook his head and said, "Those who are not of our kind will surely have different hearts. The position of the president of Standard Chartered Bank is extremely important. How could we allow Liu Dong, a Hong Konger, to control it? Liu Dong is ignorant of the times and deserves this calamity."
Ou Yongen said, "Honey, Liu Dong is the best friend of my godfather and father. He took good care of me when I was a child. If you don't trust him, you can give him a good position."
Shen Dong waved his hand and said, "Hang Seng Bank is our private bank. The president's character is the most important thing, and his ability is secondary. I will be holding a press conference at 10 a.m. tomorrow. Have Liu Dong go there. We can have a good talk after the press conference."
Ou Yongen said happily, "That's great. Once you meet Uncle Liu, you'll definitely be impressed by his talent and ability."
Shen Dong said, "Since he's so good, why are you only recommending him to me now?"
Ou Yongen said, "You didn't have a bank before."
Shen Dong was speechless.
At 10 a.m. the next day, Shen Dong held a press conference in the conference room of Tengfei Hotel.
Despite the somewhat rushed preparations, his status as the richest man still attracted dozens of media reporters to attend.
Shen Dong coughed and said, "Ladies and gentlemen, I have only one piece of news to announce at today's press conference. Starting from 6:30 pm yesterday, I, Shen Dong, acquired 96% of the shares of Hang Seng Bank and became the largest shareholder of Hang Seng Bank."
"Whoosh!"
The moment those words were spoken, the entire audience erupted in uproar.
"Really?"
"My God, Hang Seng Bank has changed hands. It's unbelievable."
“A major incident has recently occurred at Hang Seng Bank, and it’s possible that it was orchestrated by Shen Dong.”
"Impressive. They accomplished something the four great families wanted to do but couldn't, all without making a sound."
"Ninety-six percent of the shares, what's the difference between that and a private bank?"
"Is this the method of Hong Kong's richest man? It's a bit too ruthless."
"I can't understand why those Americans would agree to sell their shares."
........
The reporters were abuzz with discussion.
Song Zihao coughed and said into the microphone, "Please be quiet. We will now have ten minutes for questions. Please raise your hand if you have any questions."
Upon hearing this, the reporters all raised their hands.
Shen Dong asked, "Have the reporters from Asia Television arrived?"
"They're here."
A pretty girl stood up and said, "I am Shen Cuicui, a reporter from Asia Television's Daily Finance."
Shen Dong smiled and said, "So you're from the same clan. Do you have any questions for me?"
Shen Cuicui asked, "Mr. Shen, may I ask how you got the shareholders of Hang Seng Bank to agree to sell their shares? Was it because Hang Seng Bank's share price has recently plummeted, or did you offer a high price to buy them?"
Shen Dong said, "It should be both."
Shen Cuicui asked, "There are rumors that Hang Seng Bank CEO Philip Barker suffered a financial disaster in the Japanese stock market, losing six billion US dollars. Is this true?"
Shen Dong nodded and said, "It's true. Of these six billion US dollars, half is in deposits and the other half is in reserves."
"Holy crap."
"This is big news."
"No wonder Hang Seng Bank's stock price has plummeted; it's all thanks to Philip Barker."
......
Everyone gasped in surprise.
A reporter raised his hand and asked, "Mr. Shen, since Hang Seng Bank has encountered such problems, why did you take on this hot potato? Aren't you afraid of losing everything?"
Shen Dong smiled and said, "Hang Seng Bank has many high-quality assets, including water companies, oil companies, Standard Chartered Bank, and so on. I am willing to take over because our Ascendas Group has the ability to handle this crisis. Once the crisis is over, Hang Seng Bank will surely rise from the ashes like a phoenix."
"Six billion US dollars is not a small amount. Aren't you afraid that your major bank clients will leave if you announce it like this?"
Shen Dong waved his hand and said domineeringly, "Six billion US dollars is nothing to our Tengfei Group. As for our major clients, I believe they will make the right choice."
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