Chapter 1145 Empire Group Wants to Swallow up Huifeng Bank! Shocked Huifeng

Chapter 1145 Empire Group wants to swallow Huifeng Bank! Shocked the directors of Huifeng Bank!!

Huifeng Bank temporary office headquarters conference room.

Mai Lisi, Ma Shimin, Tang Shilian, Wei Peter, Bao Yugang, Zheng Weijian, Shi Yuedi, Xu Shixun, Tang Maosheng, Deng Lianru and more than ten other directors of Huifeng Bank sat in their seats.

And Chairman Shen Yi was the last to appear.

When Shen Yi appeared here, the door of the conference room was closed.

Shen Yi greeted the directors present and then sat down in the main seat of the conference room.

"Everyone, you can take a look at this agreement from eight years ago."

In fact, this agreement was the secret agreement signed by Empire Group and Huifeng Bank in order to acquire Hutchison Whampoa.

At the beginning, Bao Yugang and others did not know what the real content of this agreement was.

When they had the opportunity to look at it now, Bao Yugang got the copy of the agreement.

The agreement was written.

Huifeng Bank sold all its shares in Hutchison Whampoa to Empire Group, and Empire Group established a joint fund with Huifeng Bank. In addition to the investment fund provided every year for a five-year cooperation period, there is also an investment return rate.

At that time, Bao Yugang and others were not aware of it.

Now, seeing this secret agreement, Bao Yugang was really shocked.

Like the investment fund of Empire Group and Huifeng Bank, Huifeng Bank provided 10 billion Hong Kong dollars in the first year, but Huifeng Bank will get a 10-point return, that is, 1 billion in profit.

In other words, between 1978 and 1979, Huifeng Bank had an additional 1 billion Hong Kong dollars in net profit, which actually came from here.

Then from 1979 to 1980, Huifeng Bank again made 1.5 billion in net profit.

From 1980 to 1981, Huifeng Bank made 2 billion in net profit in the third year.

From 1981 to 1982, Huifeng Bank made a net profit of 2.5 billion in its fourth year.

From 1982 to 1983, Huifeng Bank made a net profit of 3 billion in its fifth year.

According to this cooperation agreement, the cooperation between the two parties was originally closed. In other words, when Huifeng Bank sold all its shares in Hutchison Whampoa to Empire Group, it was equivalent to an extra 10 billion Hong Kong dollars.

Although Huifeng Bank provides investment funds, a stable return rate of 10 points is also very terrifying.

Then, from 1983 to 1984, Huifeng Bank made a net profit of 3.5 billion Hong Kong dollars in its sixth year.

From 1985 to 1986, Huifeng Bank made a net profit of 4 billion Hong Kong dollars in its seventh year.

The sum of these two net profits is equivalent to an extra 7.5 billion Hong Kong dollars.

This is also the highest profit of Huifeng Bank in these years.

It can be said that, except for Mai Lisi and others, the directors present, such as Bao Yugang and others, saw this secret agreement for the first time, and they were really shocked.

In other words, when Shen Yi and Huifeng Bank sold Hutchison Whampoa's shares to Empire Group, it was actually equivalent to an extra 17.5 billion Hong Kong dollars.

Of course.

Huifeng Bank provided more than 100 billion Hong Kong dollars in funds.

Empire Group made higher profits through these funds' investments in countries around the world.

However, even so, Bao Yugang and others felt that Shen Yi and Huifeng Bank's cooperation with Empire Group in this way was indeed a very good investment.

If Bao Yugang was in Shen Yi's position, he would do the same.

In addition, Bao Yugang may not know that Shen Yi also received an extra 300 million Hong Kong dollars in private.

"Everyone, according to the cooperation agreement between Huifeng Bank and Empire Group, in fact, it is only five years, which is equivalent to two more years of cooperation time. Now, Empire Group wants to cancel the continued cooperation with Huifeng Bank, which is naturally not a breach of contract." Shen Yi said directly.

At this moment, the other directors around were stunned.

It turned out that last week it was reported that Empire Group would cancel the fund investment with Huifeng Bank, which must be true.

In addition to the Empire Group returning the 100 billion Hong Kong dollars loan to Huifeng Bank, it is difficult for Huifeng Bank to obtain such a stable income, which means that the financial report from 1986 to 1987 will lose a lot of profits.

"Mr. Shen, why does Empire Group no longer cooperate with us?" Deng Lianru asked.

Why not cooperate?

Didn't they see that the reason why Empire Group cooperated with Huifeng Bank was entirely because of the acquisition of Hutchison Whampoa.

Moreover, according to the agreement, the five-year period has ended, and now there are two more years, so it is naturally impossible to breach the contract.

Moreover, in the current financial sector, it is not so easy to achieve a stable return of 10 points.

The return rate of many financial and banking institutions is lower than 5 points, or even 4 points. It is normal that the Empire Group is unwilling to continue to share money with Huifeng Bank.

Moreover, after acquiring Overseas Trust Bank, Zada ​​Bank, and other Chinese banks, the Empire Group has more investment funds, and there is really no need to cooperate with Huifeng Bank.

Deng Lianru asked this question, and other directors did not say it.

"Ms. Deng, this is how business cooperation works. Of course, the Empire Group now has several directors in Huifeng Bank. You can ask these directors of the Empire Group in Huifeng Bank."

Deng Lianru looked at Mai Lisi and others.

Mai Lisi said: "Ms. Deng, we are doing things completely according to the agreement between the two parties."

If that's the case, then there's nothing to talk about.

The Empire Group suddenly withdrew from the cooperation with Huifeng Bank, which not only had a great impact on Huifeng Bank's revenue, annual profit, stock price, market value, etc.

It will be difficult for Huifeng Bank to find such a stable and high-return partner for a while.

Moreover, according to their current forecast, HSBC's annual profit this year will plummet, and it may directly return to the profit five years ago.

This will be a greater blow to Huifeng Bank.

Most of these directors hope that Huifeng Bank can develop steadily.

"However, our chairman Sir Yang made a suggestion to Huifeng Bank." Mai Lisi and Shen Yi just looked at each other.

"Mr. Mai Lisi, I don't know what the suggestion is? Can we continue to cooperate?" Ms. Deng Lianru asked again.

"After our chairman Sir Yang, our cabinet, and the secretariat discussed and decided to acquire Huifeng Bank."

The Empire Group is going to acquire Huifeng Bank?

Shocked!

Except for Shen Yi and Mai Lisi, everyone else was so shocked that they couldn't speak after hearing it.

People like Bao Yugang, Zheng Weijian, and even Deng Lianru looked at Mai Lisi in surprise.

They thought they had heard it wrong.

Now they suddenly realized.

In addition to swallowing up Zhada Bank, the Empire Group has indeed set its sights on Huifeng Bank.

No wonder the Empire Group is now canceling its cooperation with Huifeng Bank. It is obvious that it is to reduce the difficulty of acquiring Huifeng Bank.

Bao Yugang's expression changed several times.

He really couldn't imagine that Sir Yang had already set his sights on Huifeng Bank.

He really couldn't imagine it.

In history, Bao Yugang also set his sights on Zhada Bank and even became a major shareholder of Zhada Bank, but he eventually withdrew from Zhada Bank at a loss.

Although he wanted to swallow up Zhada Bank, he was powerless.

As for the special nature of Huifeng Bank, Bao Yugang really hadn't thought about it.