Chen Zhishen nodded, indicating his approval.
"How much capital does [Boundless Capital] plan to invest? What percentage of its equity will it acquire?"
“US$1 billion, for a 20% stake!” Lu Maoshi replied. Bangkok Bank's total assets under management weren't actually that large, and its market capitalization wasn't high. Furthermore, considering the impact of the Asian financial crisis, Bangkok Bank was in a difficult situation. The fact that [Boundless Capital] could offer this deal was actually quite good.
Right now, it's not that Boundless Capital needs Bangkok Bank, but rather that Bangkok Bank needs Boundless Capital.
If Bangkok Bank can leverage the momentum of "Boundless" (无疆), it will be able to rise rapidly in Thailand and perhaps even create a more brilliant future!
That evening, Pangoal Bank held a shareholders' meeting. Resolving the bank run crisis was urgent, and the terms offered by [Boundless Capital] were quite favorable, so the major shareholders quickly agreed to [Boundless Capital]'s terms.
Disagreeing is not an option either. The Thai public has already learned from the internet that [Boundless Capital] has been in contact with Bangkok Bank. If the negotiations break down, it could trigger an even more serious bank run.
Two days later, Wujiang Capital and Pangoal Bank officially signed an investment agreement.
As soon as the news was announced, the run on Bangkok Bank immediately disappeared, and its stock price soared.
Countless Thai stock market investors danced with joy: "Thank God, Wujiang Group has come to the rescue! Thailand is finally saved!"
The Thai media and public seem to have far more confidence in Wujiang Group than in the Thai government, after all, Wujiang Group is a business empire that was able to defeat Soros!
Seeing this, Dhanin Chearavanont of the CP Group agreed to the terms of [Boundless Capital], allowing [Boundless Capital] to invest in the CP Group. For the CP Group, this was also a huge piece of good news…
Lu Maoshi and his associates expanded their operations in various sectors, subsequently acquiring stakes in Petronas, Siam White Cement, Kasikorn Bank, Amanitan (Thailand's largest mobile phone operator), Thai Airways International, Bangkok Dusit Medical Services Group, and more.
At the same time, Wujiang Capital has also acquired a large number of farms and ranches in Thailand, accounting for 14.5% of Thailand's agricultural and pastoral land.
It can be said that Zhao Ye has become the king of plantations in Thailand.
Thailand's economy began to recover rapidly at this time.
The Philippines, Malaysia, Indonesia and other countries are still suffering greatly, and people are living in dire straits, calling on Wujiang Group to come to their rescue.
At this time, various countries offered very generous terms to Wujiang Group, hoping that Wujiang Group could save the market.
Wujiang Group has already gained some experience in buying up assets at bargain prices in Thailand.
So, what Wujiang Group needs to do next is actually quite simple: replicate its operations in Thailand in other Southeast Asian countries.
Wujiang Group announced bailouts for the Philippines, Malaysia, Indonesia, and other countries.
As soon as the news broke, before Wujiang Group had even spent a single penny, stock prices in Southeast Asian countries had already skyrocketed. International speculators were stunned, and no matter how hard they tried to suppress the stock market, they couldn't bring it down.
Soros and his companions were utterly speechless, and at the same time, they couldn't help but feel a deep chill.
The Wujiang Group has such high prestige, yet just announcing a message has caused such a huge impact. It's truly terrifying!
Soros and his associates quickly backed down.
The only option is to turn our guns on those countries that weren't bailed out by the Wujiang Group, such as Japan and South Korea...
[Boundless Capital] is currently on a buying spree in Southeast Asian countries.
Yes, buying or investing in a company is like shopping at a flea market.
Of course, the acquisitions or investments are mainly in banks, telecommunications, energy, and agriculture/farms.
Furthermore, Zhao Ye intended to build a large hotel group, so he specifically asked Lu Maoshi and others to acquire the Shangri-La Hotel Group, owned by Malaysian Chinese Robert Kuok.
Guo He, known as the "Sugar King of Asia," is a powerful figure, but he also suffered heavy losses during the financial crisis, and his company is facing a huge crisis.
Selling the Shangri-La Hotels and Resorts group would, on the one hand, raise funds to help the company overcome its difficulties, and on the other hand, it would also improve relations with Wujiang Group and secure some cooperation.
In fact, Wujiang Capital has already bought up a large number of stocks at low prices in the stock market. At the same time, it has also contacted other shareholders of the Shangri-La Hotels and Resorts group to buy shares from them.
Guo He, a foreigner, had no idea how many shares Wujiang Capital actually held; they might even have more than he did.
【Boundless Capital】is so wealthy and powerful that even Guo He, a prominent figure in the Chinese community, wouldn't dare to gamble on it.
Instead of competing with Boundless Capital for control of the Shangri-La Hotels and Resorts, it would be better to take this opportunity to sell the shares you have for a good price.
In addition to acquiring Shangri-La Hotels and Resorts, Wujiang Capital also acquired the Mandarin Oriental Hotel in Hong Kong.
The Mandarin Oriental Hotel is a five-star hotel on par with the Peninsula Hotel in Hong Kong. It was originally owned by the Jardine Matheson Group, but was later acquired by [Boundless Capital].
For Hong Kong people, Jardine Matheson is very powerful, but for Wujiang Group, it's just so-so.
Zhao Ye established the Oriental Hotel Group, merging the Mandarin Oriental Hotel and the Shangri-La Hotel into the latter's hotel group.
With the future global economic boom, the tourism industry flourishing, and the hotel industry booming, it would be best for Wujiang Group to establish a hotel presence as early as possible.
Moreover, it can be used in conjunction with the expansion of Wanjiang City or Wanjiang Plaza.
If there were a five-star hotel in Wanjiang City or Wanjiang Plaza, the overall standard would naturally be raised.
Of course, in addition to five-star hotels, Oriental Hotel Group has also incorporated some three-star or four-star hotels. Not all places are suitable for building five-star hotels; a poor environment would damage the brand image.
My dear reader, there's more to this chapter! Please click the next page to continue reading—even more exciting content awaits!
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