At 2 p.m. the next day, a large number of businessmen from Hong Kong Island gathered in the conference room of the Ascendas Hotel.
Today is the day Shen Dong auctions off his shares in Hang Seng Bank.
The total of 38 percent of the shares was divided into four parts: 8 percent, 9 percent, 10 percent, and 11 percent.
The three major families of Hong Kong Island, the Fok family, the Bao family, and other influential families all arrived.
Some conglomerates from the United States have also arrived.
Seeing this, Huo Yingdong frowned and said, "Mr. Shen finally managed to take Hang Seng Bank from the Americans, so why are you now allowing the American conglomerate to compete for it? Aren't you afraid that the board of directors will run into problems in the future?"
Li Zhaoshan laughed and said, "Mr. Huo, Mr. Shen has a veto power and his word is law on the board of directors. Even if he only has one percent of the shares left, he will still be in charge of Hang Seng Bank."
Li Ka-shing said, "Mr. Shen is aiming to maximize profits. Because of this auction, Hang Seng Bank's market value exceeded nine billion US dollars this morning. Thirty-eight percent of the shares could potentially bring Mr. Shen more than four billion US dollars in revenue. And Mr. Shen only spent that much money to acquire the entire Hang Seng Bank. In less than three months, he made billions of US dollars. It's truly admirable."
Guo Shengli sighed and said, "Look at Mr. Shen's achievements, and then compare them with my good-for-nothing son. Sometimes I wish I could beat my son to death."
Li Zhaoshan smiled wryly and said, "Who says it isn't?"
Five minutes before the auction officially began, Shen Dong walked into the venue.
Dozens of wealthy people stood up and greeted Shen Dong.
Shen Dong was naturally not foolish enough to put on airs.
Regardless of who the other person was or whether they knew each other, Shen Dong returned the greetings one by one, displaying extreme modesty and humility.
Even when facing representatives of the American conglomerate, Shen Dong showed no hostility whatsoever, chatting and laughing with them in fluent English.
Guo Shengli praised, "It's rare to see someone who has achieved such great success still be so polite and courteous. Other young people would probably be conceited by now."
The other wealthy individuals all nodded in agreement.
"Mr. Shen, you really know how to play riddles. You still haven't announced the bidding method," Li Ka-shing said with a smile.
Shen Dong pointed to Liu Dong beside him and said, "I've always believed that professional matters should be handled by professionals. Like everyone else, I only know that it's a sealed bid; only President Liu knows the specific method."
Li Ka-shing said meaningfully, "It seems you have great trust in President Liu."
Shen Dong said, "If you doubt someone, don't use them; if you use someone, don't doubt them. I have complete trust in every senior executive of Tengfei Group. President Liu, it's time for the auction, you can go and get back to work."
"Yes, Mr. Shen."
Liu Dong nodded to Li Ka-shing and other tycoons, then walked steadily onto the auction stage.
"Ladies and gentlemen, I am Liu Dong, the CEO of Hang Seng Bank. Thank you very much for attending the auction hosted by Hang Seng Bank."
"Slap slap slap"
Everyone gave Liu Dong on stage a lot of face and applauded him.
Liu Dong expressed his gratitude and said, "Next, I will introduce the situation of Hang Seng Bank to everyone. Since Hang Seng Bank was acquired by our Ascendas Group, the American conglomerates have withdrawn their investments one after another, and the total amount of savings has decreased by nearly half. In addition, the previous CEO misappropriated six billion US dollars, which can be said to have brought a near-destructive blow to Hang Seng Bank."
"But we did not give up. Following Mr. Shen's instructions, we carried out sweeping reforms within the bank, did a lot of work on financial services and deposit interest rates, gained the trust of countless citizens, and achieved very good results."
"Of course, we will not forget the help that all the wealthy people present have given to help Hang Seng Bank overcome its difficulties."
"To date, the amount of client funds we manage has successfully exceeded US$80 billion, and the bank's market value has successfully exceeded US$9 billion."
"There is another piece of good news to share: Hang Seng Bank has obtained permission from the mainland government to establish branches in major first- and second-tier cities across the country within the next year."
"In conclusion, investing in Hang Seng Bank is definitely an excellent choice, so please rest assured."
Guo Shengli smiled and said, "President Liu, we already know about Hang Seng Bank's situation, otherwise we wouldn't be here."
Li Zhaoshan chimed in, "That's right. You should just tell us the specific procedures for the auction."
Liu Dong said, “Okay. Hang Seng Bank will auction off 38% of its shares. Bidding will be done in units of 1% of the shares, with a starting price of US$90 million. Whoever bids the highest will get 11% of the shares. The remaining 27% of the shares will be sold to the second, third, and fourth highest bidders at the same price. Of course, if they think the price is too high, they don’t have to buy it, and our Ascendas Group will keep it for themselves.”
The announcement of this auction method caused an uproar at the scene.
"Holy crap, you can do that?"
"They're too good at making money. If someone offers an exorbitant price, wouldn't everyone have to buy it at an exorbitant price?"
"This Liu Dong is really obsessed with money."
......
Huo Yingdong turned to look at Shen Dong, who had a satisfied expression on his face, and said, "Mr. Shen, did you really not know about this auction method beforehand?"
Shen Dong laughed and said, "I really don't know."
Huo Yingdong asked, "What do you think of this approach?"
Shen Dong shrugged and said, "To be honest, it's a bit unethical, but it brings me the greatest benefit. So let it be unethical, I don't even know how many unethical things I've done anyway."
Huo Yingdong was speechless.
Staff members handed out pens and cards to the group of wealthy individuals.
Liu Dong said, "Please think it over carefully. Our staff will be collecting the cards in five minutes. I need to remind you again that the price you entered is for one percent of the shares. The reserve price is ninety million US dollars. Please remember to write your name on the back. We will announce it publicly after the auction."
A group of wealthy people started filling out the forms.
They had already determined the amount before they arrived, so everyone filled out the forms very quickly.
Five minutes later, all the cards were collected.
Liu Dong gathered the staff in a conference room to begin sorting.
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