Chapter 871 Bank of East Asia’s Fear

When Li Zekai, Tang Jiacheng, Zheng Zhiheng, and Zong Qinghou took Lin Feng's special plane to London, Lin Feng also started taking action.

"Mr. Qiu, how are you? Are you ready to take over the 400 employees of Standard Chartered Bank's UK headquarters?" Lin Feng called Qiu Deba.

This time, a total of 380 employees of Standard Chartered Bank, the UK headquarters, resigned, which almost completely paralyzed all Standard Chartered Bank's businesses in the UK. Many British depositors were complaining and could only choose automatic deposits and withdrawals from teller machines. This also caused many UK depositors to withdraw their deposits.

Cash, this is also the main reason why Standard Chartered Bank's stock price has been falling.

In order to cope with this talent crisis, Lam Feng thought of Maybank, which Khoo Teck Puat once controlled as much as 80% of. Maybank was founded by Khoo Teck Puat and has 334 banks in Malaysia and 34 branches overseas.

Although a run incident later occurred and Maybank was taken over by the government, Khoo Teck Puat still held a large amount of equity. This time, Lin Feng hoped that Khoo Teck Puat could help him and find 400 skilled bank staff for him.

To replace the loss of 380 employees of the British branch of Standard Chartered Bank. And very coincidentally, although Malaysia speaks Malay, English is the common language and language of correspondence. Almost all Maybank employees can speak English, so in terms of communication

No problem at all.

Although Khoo Teck Puat was slightly embarrassed by Lam Fung's request. After all, it was not easy to find 400 skilled bank staff in just three days. However, Khoo Teck Puat, as the former richest man in Malaysia and now the richest man in Singapore, had also founded

He joined Maybank, which has a very high reputation and authority in the banking industry in Southeast Asia. As for Lam Feng's request, Khoo Teck Batt hesitated for a moment before agreeing. After all, he and Lam Feng still have a cooperative relationship, and he also hopes that Lam Feng can

Take care of his unworthy descendants. This time he helped Lin Feng, and Lin Feng owed him a huge favor, and this favor cannot be repaid with money. Qiu Deba can imagine that in the future,

In order to repay this favor to himself, Lin Feng will definitely try his best to help his descendants.

"Mr. Lin, no problem. These 400 banking talents are already on the plane to the UK. These 400 employees will be available tomorrow morning before Standard Chartered Bank opens. And they are all the most skilled employees in Maybank business, and they are all

If you have experience working in an overseas bank, you can definitely adapt to your current job immediately." Qiu Deba said firmly.

When Lin Feng heard this, he suddenly breathed a sigh of relief. With these 400 employees taking over the business of Standard Chartered Bank's UK headquarters, the situation in the UK can be stabilized. As for Hong Kong, Lin Feng still has follow-up arrangements for what is really important.

"By the way, Mr. Qiu, I really want to thank you very much this time! I'm afraid this time has brought you a lot of trouble. I will always remember this kindness in my heart." Lin Feng said with gratitude.

Qiu Deba smiled happily. With Lin Feng's words, he was satisfied! In order to help Lin Feng this time, he did put in a lot of effort and owed a lot of favors. 400 staff were skilled in business and proficient in English.

, This is really not a small amount. Only Qiu Deba knows the price. But now with Lin Feng's words, all the efforts are worth it. At least, if he says something unpleasant, he can smile.

"By the way, Mr. Lin, there is something I must remind you. Among these 400 employees, most of them are at the bottom level, accounting for 95%. There are only more than 20 managers, and they are all grassroots managers. This time Standard Chartered Bank resigned

The grassroots managers account for 20%, the middle managers account for 15%, and the senior managers account for 5%. I cannot help you make up for these talent vacancies." Qiu Deba said helplessly.

For the banking industry, these middle-level, especially senior management talents are needed by all walks of life. There is really nothing Qiu Deba can do about such talents.

Lin Feng nodded and understood that these talents are difficult to find. But first, we will stabilize the UK headquarters of Standard Chartered Bank. As for these talents, we can only find them again. As long as there is a skeleton here and the bank is not disbanded, it will be fine. When the time comes, we will go

Poaching from other places! Isn’t that what headhunting companies do?

"Okay, Mr. Qiu, thank you! Please take care of your health, stop thinking about it, and enjoy life. I believe your children will be blessed." Lin Feng said with a smile.

When Qiu Deba heard this, he felt that he had no regrets in his life. These words were Lin Feng's disguised promise to help him take good care of his descendants in the future and never let them fight for the family property and let the kingdom that Qiu Deba created fall apart.

After hanging up the phone, Lin Feng sorted out his thoughts and called the Hong Kong authorities.

"Hello, is this Director Li Guobao? I am Lin Feng." Lin Feng called Li Guobao, chairman of the Bank of East Asia in Hong Kong.

"Hello, Director Lin, our bank has discussed your plan the day before yesterday in detail." Li Guobao said in a solemn tone.

When Lin Feng heard this, his palms sweated slightly. Li Guobao's answer will be another key to the success or failure of this time. Two days ago, in order to solve the talent crisis caused by Hong Kong directors, Lin Feng approached Qiu Deba and passed

He transferred 400 skilled banking personnel from Maybank to London, England. This group of talents basically solved the talent shortage situation in banks in London, England. But in Hong Kong, a total of more than 1,200 employees will resign. It’s just that

Due to the pressure from the Hong Kong government, these employees have not resigned for the time being. However, these employees have also given an ultimatum to the company (that is, Lam Feng) and must leave within the month. Otherwise, they will sue the labor union and go to court to resolve the matter.

In order to cope with this crisis, Lin Feng thought quickly and after carefully reviewing the banking industry in Hong Kong, he took a fancy to the Bank of East Asia. This local bank was founded in 1918 in Hong Kong and is currently the last local family-owned bank in Hong Kong. In recent years, East Asia has

The bank operates well and has always been the leader among local banks in Hong Kong. What's more important to Lam Feng is that the Bank of East Asia's listed shares are as high as 62.5% (not accurate, anyone who has accurate information can help), and its controlling family

The Lee family only owns a total of 15% of the equity of Bank of East Asia, and its current chairman Li Guobao only owns 3% of the equity, and other members of the Lee family collectively own the remaining 12%. This equity structure is undoubtedly very tempting

It is not difficult to successfully acquire Bank of East Asia. As long as you invest more money, you can successfully control Bank of East Asia.

Therefore, Lam Fung secretly acquired 260 million shares of Bank of East Asia at a price of 32 Hong Kong dollars per share (originally 18 Hong Kong dollars, but the premium due to Lam Fung's acquisition caused the Bank of East Asia's stock price to rise sharply), costing a total of US$1.03 billion (

Lam Feng’s personal funds remaining are US$5.479 billion), becoming the largest individual shareholder of Bank of East Asia.

However, for now, Lam Feng does not want to control Bank of East Asia. After all, owning Standard Chartered Bank is enough to achieve his purpose of using the bank to resist financial risks. Moreover, the influence of Standard Chartered Bank is far beyond what Bank of East Asia can match. Therefore, Lam Fung's acquisition

The 10% stake in Bank of East Asia was just to have the capital to show off to Li Guobao and propose his own plan.

Lam Fung's plan is to cooperate between the two banks. The Bank of East Asia will temporarily help Lam Fung's Standard Chartered Bank overcome the talent crisis. It will first allocate 800 bank staff to the Standard Chartered Bank's Hong Kong branch, and then Lam Fung will train a group of new talents.

After that, these talents will be returned to the Bank of East Asia. The benefit gained by the Bank of East Asia is that Standard Chartered Bank will give up part of its Southeast Asian business and will jointly develop it with the Bank of East Asia.

After all, before, Bank of East Asia's business volume was mainly in Hong Kong and the mainland, and was rarely involved in other places. In the mainland, banks such as Industrial and Commercial Bank of China and China Construction Bank currently occupy an absolute market share, and other banks are just eating scraps.

Under such circumstances, Lin Feng took the initiative to allocate part of the Southeast Asian business to Bank of East Asia, which was already full of sincerity.

Therefore, in Lin Feng's opinion, Li Guobao should agree.

unexpectedly!

"I'm sorry, Mr. Lin. After discussion and discussion by our board of directors, your plan is very attractive, but currently our bank is not capable of digesting the Southeast Asian market. We think it is better to do a good job in our own market first, and then hope to enter other markets." Li

Guobao said it very tactfully, but it meant that Li Guobao did not agree with Lin Feng's plan.

Lin Feng frowned, he did not expect Li Guobao and others to be like this. This was a win-win situation for both parties, but he did not expect that Li Guobao would refuse.

"Director Li, I think this is a good thing for both our banks. Will you not give more consideration to the suggestions of me, the first major shareholder?" Lin Feng said slightly threateningly.

"I'm sorry, Director Lin, we have considered it very seriously and your proposal is not suitable for us." After saying that, Li Guobao hung up the phone.

Stunned! Bewildered! Even a little angry, Lin Feng did not expect that he would be so rejected, with almost no mercy. And this was when he was the largest individual shareholder of Bank of East Asia.

At this time, the headquarters of Bank of East Asia in Hong Kong.

"Brother, have you really decided to do this?" Li Guobao's younger brother Li Guozhang asked hesitantly.

"Well, it's decided. Guozhang, you should understand that Lam Feng is not a fuel-efficient lamp. His previous secret control of Standard Chartered Bank should have warned all our banking industries. This person is too unpredictable and has endless methods.

I am very scared to cooperate with him. You should know the current holding situation of our family. If we cooperate with this kind of person, one day the Bank of East Asia may no longer be named Li, but Lin." Li Guobao warned.

Li Guozhang nodded. Indeed, Lin Feng's control of Standard Chartered Bank this time was so unexpected and even a little crazy. No one expected that a young man who originally only worked in the IT industry would become the chairman of a listed banking industry in the blink of an eye.

A banker. This is really crazy! Moreover, Lin Feng acted too quickly and ruthlessly this time. Taking direct control is a signal to other banks. Think twice about cooperating with Lin Feng.

Then move on. You may be swallowed up by Lin Feng one day when you cooperate.

As for Lam Fung's 10% stake in Bank of East Asia, the Lee family still has ways to deal with it. It was Lam Fung's secret acquisition before, but by the time they found out, it was already too late. Lam Fung already held 10% of the shares. Now Lam Fung wants to go through circulation.

Stock acquisition is not that simple. At that time, they can use Lam Fung to acquire Bank of East Asia to drive up the stock price, forcing Lam Fung to have insufficient financial resources to support the acquisition. What's more, Lam Fung's roots are in Standard Chartered Bank, and now

Standard Chartered Bank is just a mess, and Lin Feng doesn't have the time or energy to spend with them.
Chapter completed!