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The only way now is to quickly find a way to buy some time for cash flow. As long as we can free up this precious time, we can use the loans that have been issued as collateral to transfer to other banks, thereby obtaining enough cash to cope with the current terrible bank run crisis.
Unfortunately, what banks are short of right now is precisely time!
Thinking of this, Liao Baoshan couldn't help but sigh helplessly, then slowly turned around and stared straight at He Yuzhu.
He said with a sincere expression, "I happen to have 1300 million in cash on hand. If you really need the money urgently, I can send it to you anytime."
He Yuzhu's casual words were like a thunderclap in the ears of the three, leaving them stunned and speechless!
Although they had secretly speculated that He Yuzhu might be quite wealthy before, they never expected his wealth to be so astonishing!
It should be noted that even the renowned Cheung Kong Industrial Building, owned by the then-dominant Li Ka-shing, is currently valued at only a mere 100 million in the market!
If He Yuzhu were to invest all the funds he currently has, it would be enough to build at least 10 large-scale industrial buildings!
Moreover, Li Ka-shing's building is relatively small, with a single floor area of only a paltry 4000 square feet.
And what about He Yuzhu? He has ambitious plans to build a super skyscraper with a single-story area of 1 square feet!
While everyone was still in shock and hadn't come to their senses, Liao Baoshan reacted with extraordinary speed.
His face flushed crimson, unable to conceal his excitement, and he said in a slightly trembling voice:
"Mr. He is truly a man of great integrity! If you require anything further, please rest assured that I will contact you again tomorrow. And please believe me, I will not hesitate to offer my properties as collateral. Even if any unforeseen circumstances arise with the bank, I will absolutely ensure that you and everyone else suffer the slightest loss!"
It turns out that Liao Baoshan did not only operate this one bank, but controlled an entire vast family business.
Furthermore, these industries operate independently and are not affiliated with the same company.
Just like those properties, they are actually owned by a completely independent company.
Hearing Liao Baoshan's sincere words, He Yuzhu smiled slightly, waved his hand, and responded calmly:
"Since we have the opportunity to meet and become friends, it is only natural to help each other within our capabilities."
Today's meeting is just a briefing; there's no need to rush into any action right now. Even if we were to take any action, we'd have to wait at least two days.
The reason is simple: you have to fire your own "ammunition" first before you can consider what comes next!
Around 4 p.m. that day, the evening paper published a statement issued by Liu Chong Hing Bank.
The statement clearly states that the bank's current operations are normal and there are absolutely no non-performing loan issues.
This crisis is clearly a deliberate attack launched against the bank by certain individuals with ulterior motives. However, the bank remains confident in its ability to handle this crisis and has sufficient cash flow to meet the withdrawal needs of its depositors.
Sure enough, by the early morning of the following day, more and more newspapers were reprinting the statement issued by the bank.
Even so, depositors preferred to believe the rumors rather than the official statements. As a result, long queues still formed outside the bank.
In just three days, from the 4th to the 7th, as many as 20,000 users withdrew a total of 30 million yuan in cash from Liu Chuang Hsing Bank!
Faced with such a surging tide of bank runs, all the liquidity that the banks had originally kept inside suddenly became insufficient and unable to cover their expenses.
At the critical moment, Mr. Liao Baoshan made a decisive move and quickly borrowed some funds from other channels, which barely managed to hold the situation together and successfully resolved the almost frantic run on the bank in the initial stage.
Following that, Mr. Liao Baoshan immediately invited He Yuzhu and Huo Yingdong to come and enjoy a leisurely afternoon tea together.
He Yuzhu took a deep breath, then concentrated and took out all the huge sum of cash, more than 1000 million yuan, stored in the mysterious space.
The cash was piled up in stacks and heaps, almost like a small mountain. He quickly found 10 huge bags and began frantically stuffing money into them.
Even so, the massive amount of cash almost completely filled the car's interior, leaving not even a single gap.
Once everything was ready, He Yuzhu got into the driver's seat, started the car, and slowly drove towards the agreed-upon private room at the teahouse. Along the way, he felt both nervous and excited, after all, this was a transaction of great importance.
When they finally arrived at their destination, He Yuzhu found that Huo Yingdong had been waiting for them for a long time.
Seeing He Yuzhu struggling to carry bulging bags off the car, Huo Yingdong's eyes widened in surprise, and he asked:
"You actually misappropriated so much cash! Aren't you afraid of facing severe punishment?"
He Yuzhu wiped the sweat from his forehead and answered confidently:
"Don't worry, I have special rights to handle things on an ad hoc basis, and this money is not entirely without security. We still have those high-quality real estate properties in Liao Baoshan's possession as collateral."
Upon hearing this, Fok Ying-tung nodded slightly in agreement.
He knew very well that the properties controlled by Liao Baoshan were indeed of very high quality.
In particular, the bank headquarters building in Sai Wan is a magnificent building consisting of three closely connected 10-story high-rises.
In addition, Liao Baoshan also owns a large amount of land and many other valuable physical properties in various other key locations.
However, the current problem is that, despite the extreme value of these assets, converting them into cash quickly in the short term is by no means easy.
Especially in the current situation, a property originally valued at 1 million might only fetch 600,000 or 700,000 if the seller is in a hurry to cash out, which would be considered a very good price.
This is truly astonishing! Liao Baoshan actually used the property as collateral so decisively, just to get the money quickly.
You know, we're all friends, so even if we have to use that piece of land to pay off the debt in the future, it shouldn't depreciate too much.
Chapter 446 Villa
Just then, a few soft knocks were heard, and then the door was slowly pushed open, and Liao Baoshan strode in.
He walked straight to the seat, plopped down, and then got straight to the point:
"In just three short days, things have gotten increasingly serious, and we've completely run out of available cash. We're desperate and would really appreciate it if you two could lend us some help with an emergency fund."
Upon hearing this, Huo Yingdong was the first to express his opinion:
"This is no problem at all. I'll arrange the transfer for you right away. You should be able to get the cash before the bank opens tomorrow morning."
Upon hearing this, Liao Baoshan quickly stood up to express his gratitude.
After thanking Huo Yingdong, Liao Baoshan turned to He Yuzhu, who was standing to the side, and asked:
"Mr. He, how is things going on your end? You can rest assured, I have already made all the necessary preparations for the properties. In addition to the building we are currently using, there are also several plots of land and other properties."
He Yuzhu smiled slightly and answered calmly:
“I have no problem here. I have 1100 million in cash in my car right now, and I also have 200 million in savings at HSBC.”
Upon hearing this, the two people present were stunned. They stared wide-eyed at He Yuzhu, their faces filled with disbelief.
After a full half-day, the other two finally spoke, their faces filled with astonishment:
"You actually just left such a huge amount of cash in your car like that? That's incredibly audacious!"
Hearing this, He Yuzhu remained calm and composed, responding with a smile:
"Don't worry, nothing unexpected should happen."
In fact, for He Yuzhu, this was not a risky move.
Because he possesses a special ability—the ability to unleash his powerful mental energy to investigate the environment around the car.
With this amazing ability, it would be virtually impossible for anyone else to steal the cash without being detected.
"In that case, I won't stand on ceremony with you anymore! Let's hurry to the bank to complete the necessary procedures. First, we need to sign a formal agreement."
He Yuzhu nodded slightly in agreement, and then the three of them set off together toward Liao Chuangxing Bank.
As is well known, in Hong Kong, people generally like to connect adjacent properties for unified planning and construction.
The headquarters of Liu Chong Hing Bank in front of us adopts this layout. At its base is a very spacious large platform, and on this platform stand several tall and magnificent buildings.
Specifically, there are three towering, 10-story modern commercial buildings here.
Apart from some areas being used as the bank's own office space, most of the remaining space is rented out to various enterprises or institutions.
As for the headquarters of Liu Chong Hing Bank, it is located on the ground floor.
However, it should be noted that even in those commercial buildings upstairs, there are also a certain number of bank offices.
Not long after, He Yuzhu and the other two arrived at their destination and went up the stairs together into the chairman's office inside the bank.
At this moment, sitting at the desk was Mr. Liao Baoshan, Chairman of Liao Chuangxing Bank.
Upon seeing the visitors, Liao Baoshan quickly stood up to greet them and warmly shook hands and exchanged pleasantries with each of them.
After everyone was seated, Liao Baoshan picked up the phone on the table and dialed an internal number to notify the relevant personnel to come here as soon as possible to assist with business matters.
Two minutes later, a series of footsteps approached from afar, and then the door was pushed open, and seven or eight figures filed in.
Standing at the very front was Liao Baoshan, who spoke with a smile:
"Come, come, let me introduce you all. This is my eldest son, Liao Liewen. He has been studying in London and just flew back to his hometown yesterday. And these are my second son, Liao Lieke, and my third son, Liao Liewu."
Huo Yingdong was quite familiar with these people before, except for He Yuzhu, whom he was meeting for the first time.
After exchanging a few pleasantries, Liao Baoshan waved to his men to bring all the bags that had been placed downstairs upstairs.
In no time, ten enormous handbags were neatly arranged in front of everyone.
As the zipper was slowly pulled open, everyone present gasped in shock.
You have to understand that the people who work here deal with money all the time, so they're used to it.
However, when the enormous sum of 1100 million in cash was presented so directly before their eyes, even they, who were well-informed, still felt a strong sense of shock deep within their hearts.
The next step, naturally, was the tense yet orderly process of verifying and counting the banknotes.
He Yuzhu skillfully pulled out a checkbook, scribbled a few lines, and wrote out a check with a huge amount, lending Liao Baoshan the 200 million yuan he had deposited in HSBC.
At the same time, Fok Ying-tung was not to be outdone and quickly issued a check as well.