Chapter 337: I want you to choose one of the two

What's going on? Have they all gone crazy?

Tang Anwood and Tang Jingming looked at each other, completely unable to understand what Zhou Ming and the others were up to. Although they really hoped it was true, when Zhou Ming actually produced the documents, they were at a loss.

The other shareholders present all screamed, 'Mr Zhou Ming, you can't sell! They didn't buy the shares to make Tangren Bank better, but to split it up! You don't even know what they were doing at the last shareholders' meeting. They were arguing, just to split Tangren Bank in two. Just as you guessed, they want to take Tangren Bank's wealth for themselves!'

Others apologised: 'Chief of the clan council, I know that in the past we did not have a choice but to support you and believe in you. This was a foolish mistake on our part. We apologise to you apologise, and we promise that we will never do it again. We have learned from this incident that you are the backbone of the Tang family of Tang Bank. Without you, the world will not turn!'

Facing the uproar, Zhou Ming signalled for them to be quiet and then said, 'In fact, in the current situation, these shares are no longer any function. Whether they are in our hands or sold to them, it makes no difference because today we are here on behalf of King Mark Private Bank and Tang Yin Institutional Asset Management.'

As Zhou Ming said these words, the large venue suddenly fell silent, and everyone looked at Zhou Ming in a daze, as if the whole world had suddenly gone quiet.

Everyone were looking at Zhou Ming with question marks in their minds. It wasn't that they didn't know the two companies, Kingmark Private Bank and Tang Yin Institutional Asset Management. On the contrary, as shareholders of Tang Yin Bank, they were familiar. Because as the second largest bank in the United States, it is not just a simple bank, but a super banking group formed by a combination of several major financial companies, and these two companies are the most important components.

This kind of financial group is very common all over the world. Since the implementation of the anti-monopoly antitrust act a hundred years ago, giant companies have adopted the parent-subsidiary method of group formation in order to avoid antitrust investigations. Put simply means that a giant company with a comprehensive range of operations is split into several or more subsidiaries, each of which operates a different business.

In this way , these subsidiaries may nominally belong to the parent company, but in reality they belong to two relatively independent economies, with their own independent independent legal entities and investors, and even overlapping business scopes that compete with each other, which can largely dispel suspicions of monopoly.

A world-renowned example is Citibank, for example, is a financial group made up of ten large financial companies such as retail banking, pension insurance, AIG and life insurance.

And in Tang Bank , the two companies, Kingmark Private Bank and Tangyin Institutional Asset Management Company, carry out more than 50% of the business of Tangyin Bank, manage more than 64% of its assets, and generate more than 45% of its profits.

From this data it is easy to understand the importance of these two companies to Tangren Bank. In reality, since these two companies are both dealing with super-rich clients with personal assets of over a million US dollars and group assets of more than 100 million U.S. dollars or more. Tang Dynasty Bank itself only faces ordinary individual customers. From this point of view, the invisible significance of these two companies is the most important.

After all, for ordinary people, deposit a few thousand or a hundred thousand dollars in the bank, the bank needs to pool small amounts to make a difference. However, for major clients, it is often millions or tens of millions of financial services. Even people who know nothing about finance can understand who the most important source of profit and capital guarantee for banks is.

However, You, Zhou Ming, said that you represented two companies, King Mark Private Bank and Tang Yin Institutional Asset Management Company. What does that mean?

Facing everyone's doubts , Zhou Ming then took out another document and said, 'This is the letter of appointment from Jinghui Private Bank and Tangyin Institutional Asset Management Company. Jinghui Private Bank has appointed Tang Ran as chairman, and Tangyin Institutional Asset Management Company has also appointed Tang Jingsheng as chairman. That's why I said I came on behalf of these two companies.'

Zhou Ming's words were like like a bolt from the blue, causing an instant and incredulous uproar. Up on the stage, Wood and Tang were also stunned by the news. They couldn't believe it and looked at Zhou Ming, mumbling repeatedly, 'Impossible, how could this be? Why haven't we heard a thing about changes in the senior management of Jingwei Private Bank and Tang Yin's institutional asset management company, why haven't we heard a thing about the changes in the upper echelons?'

It is true that in general, due to the parent company's control of the subsidiary, the subsidiary generally cannot hide major events such as the replacement of the chairman of the board from the parent company; but there is no absolute in everything. If a subsidiary really has the heart to hide, it is not impossible , not to mention the fact that the parent company is currently embroiled in a power struggle between Tang An and Tang Jingming, and has no time to worry about what's going on at the subsidiary.

'In fact, nothing is impossible, because we didn't originally buy the shares of the two companies, Jinghui Private Bank and Tangyin Institutional Asset Management, directly. Instead, we bought them through other holding companies owned by third parties. This type of transaction would not go through the parent company, and you would not know about it. And in the end, our votes were cast already had an absolute controlling interest, so the voting went very smoothly, and you would have been even less likely to know about it.'

Zhou Ming continued, 'Of course, when it comes I have to thank you all, because if you hadn't so generously given us 360 billion in assets, we would not have been able to gain such a firm grasp of the absolute control of these two companies.'

With these words from Zhou Ming, all all the plots finally came to light. It turned out that Tang Ran and Tang Jingsheng and Tang Huiyin had sold their shares in Tang Bank in order to raise funds to buy Jingshui Private Bank and Tangyin Institutional Asset Management.

Since Jingshui Private Bank and Tangyin Institutional Asset Management are only part of Tang Bank, Tang Ran and Tang Jingsheng can easily gain a controlling interest in these two companies even though they only sold two-thirds of their shares. After gaining a controlling interest, they can in turn challenge Tang Bank.

This is textbook-perfect manipulation and secretly preparing for an attack!

Tang An and Tang Jingming, who had now woken up, scolded Zhou Ming from a position of superiority: 'You son of a bitch, despicable scoundrel! Don't you have any other skills? All you know is to be sneaky and clever behind people's backs?'

They also diverted the attention of others: 'Look! They are the real bastards who want to split Tangren Bank! bastards! They are the ones who are using their control of Jingwei Private Bank and Tangyin Institutional Asset Management to force their way in here today. Their goal is to split from Tang Bank, and they are using the most despicable method of transferring all assets to themselves!

Tang Jingming also said, 'Yes, now we have already been deceived by them, and the next person they will deceive is all of you!'

Zhou Ming then raised his hand and pointed at Tang An and Tang Jingming and said, 'Shut up!'

Zhou Ming's words were like irresistible power. Following his words, Tang An and Tang Jingming dared not speak again. Zhou Ming continued, 'We have indeed come here to force the palace today, but not everyone's palace, but your palace. To put it simply, Uncle and Auntie Tang and Tang Ran are very unhappy with your finger-pointing at Tang Bank and hope to strip you of your power...'

'But our power is bestowed by granted by the shares we hold, and you are in no position to take it away!' Tang An interrupted Zhou Ming.

Zhou Ming nodded and said, 'That's right. we will have to do it another way if you don't give it up voluntarily.'

'You all want the shares. We can give them to you, and we can even let you gain a controlling interest. But that's not necessary, because the market value and appeal of Tang Bank come from its subsidiaries, especially the Jinghui Private Bank and Tang Yin Institutional Asset Management Company. Once these two companies are lost, not to mention that Tang Yin Bank will become a shell, but at least its strength will be halved.'

Zhou Ming looked up at Tang Anhe and Tang Jingming. He finally asked, 'So now I'll give you two options. One is for you to continue to fight here for actual control of Tang Yin Bank and then we will withdraw from the group with Jingwei Private Bank and Tangyin Institutional Asset Management.'

As soon as the words fell, Tang Jingming on the stage hurriedly replied, 'This is impossible. Tang Bank, which has lost these two companies, has no investment value!'

'Then it seems that the second option,' Zhou Ming said. 'You give up actual control of Tang Bank, you can still retain your shares, and then you can receive dividends based on the quarterly profits. What do you think?'

Faced with this problem, Tang An snorted and stood up, retorting, 'That's all very well, but in reality we don't have a choice at all, do we?'

Zhou Ming laughed, 'That's say that, because from our standpoint, we don't want to see the Tang Bank split up, so it's better if we can all make money together.'

On the stage, Tang An and Tang Jingming listened to Zhou Ming's words. They were shaking with anger, and their eyes were full of fire as they looked at Zhou Ming, with an expression that seemed to hate him enough to kill him a thousand times over. Because in their eyes, what unwillingness want to see the Tang Dynasty Bank split up, and what's good about everyone making money together? This kind of talk is simply an insult to their intelligence!

If you don't want the Tang Dynasty Bank to split up, then what are you talking about what are the two options? Isn't your first option to withdraw from the Tang Dynasty Bank Group an act of division? And what's the point of making money together when you want the parent company to give up power and just let the subsidiary make decisions? Isn't this putting the cart before the horse?

Tang An and Tang Jingming both yelled . However, they could only grumble to themselves, because as Tang An had just said, now that Zhou Ming was in control of both Jingwei Private Bank and Tangyin Institutional Asset Management, they simply had no choice.

They had to know that if both companies withdraw, the entire Tang Dynasty Bank's market value will instantly shrink by half, which is unacceptable to them in any way, not to mention that all the major clients are also under the responsibility of these two companies. Once they leave, the impact on the stock market on the stock market and on all depositors, these chain reactions could cause the remaining shell subset group to go bankrupt instantly.

But what's most annoying about this is that Zhou Ming and the others were able to complete the acquisition of two companies, Jinghui Private Bank and Tangyin Institutional Asset Management, and they still paid for it. How could this not make them so angry that they want to go crazy and vomit blood?

Offstage, Zhou Ming didn't care if they go crazy or spit blood, Zhou Ming just looked up and asked, 'What do you think? Have you made a choice?'

Tang An and Tang Jingming glanced at each other and lowered their heads. Wood said to Zhou Ming, 'We have already made a decision. We will choose the second option. We will give up our actual control of the Tangren Bank Group and only receive dividends on our shares.'

Zhou Ming gave a thumbs-up: 'This is definitely a wise choice!'