Font
Large
Medium
Small
Night
PrevPage Index    Favorite Next

Four hundred and fiftieth eight chapters wolf is coming(2/2)

Winston had long been unhappy with Li Dingji, who claimed to have noble blood, and often pretended to be pretentious in front of him.

Coupled with the temptation of Zhang Yida's commission, he decided to teach wealthy people like Li Dingji a lesson and let them know what social evil is.

After Li Dingji said good things for a long time, Winster slowly helped him analyze Indonesia's banking industry and economic situation.

The more Li Dingji listened, the more he frowned. It seemed that there was no way to keep this gem bank.

Selling it to the Chinese guy he hated was just right, and it plunged him into a quagmire of bad debts.

The price is not outrageous either, $760 million.

After all, Li Dingji still had basic judgment, and it was impossible for Winston to fool him.

After the two equity transfer contracts were signed, the joint consortium composed of Yimin Wangjin, Guosen Group, and Pangu Bank paid a total of US$1.59 billion to acquire 90% of the equity of Gemstone Bank.

Among them, US$760 million was paid to Jardine Matheson Group and US$830 million was paid to Standard Chartered Bank.

Of course, Standard Chartered's equity transfer agreement is the same as that of Jardine Matheson Group, with the amount stated at US$760 million.

This is also required by Standard Chartered. If you become a bitch, you still have to set up a memorial arch so that they can continue to engage in this type of business next time.

Zhang Yida agreed to all these conditions one by one.

Not only did they save at least 20 million US dollars, but they also watched a dog-eat-dog show.

After securing the 90% stake, the United Consortium interviewed other small shareholders of Gem Bank one by one and acquired the other 10% stake for US$170 million.

In the end, a total of US$1.76 billion was spent to acquire Indonesia's tenth largest bank with 253 branches and nearly 400 offices.

In addition, it also comes with a lot of financial licenses for securities, insurance, consumer finance leasing, venture capital, etc.

In the joint consortium, Yimin Wangjin invested US$1.1 billion, accounting for 55% of the share;

Indonesian Guosen Group invested US$400 million and holds a 20% share;

Thailand’s Pangu Bank invested US$400 million and holds a 20% share;

Huang Hongnian personally invested US$100 million, holding a 5% share.

After the acquisition is completed, the United Consortium will also inject US$240 million into Gem Bank.

This money will be used to reform and transform Gem Bank and build Indonesia's first Internet bank.

Yimin Wangjin will provide financial technology technical support for the transformation of Gemstone Bank.

Stimulated by this good news, the U.S. stock market opened, and Yimin Wangjin's stock price rose by nearly 10%, slightly reversing the recent downward trend in stock prices.
Chapter completed!
PrevPage Index    Favorite Next