Novel Update
Chapter 118
Chapter 118
Chapter 118 Golden Sun Bank
Reginald sat in the attendance position of the meeting and did not dare to speak.
What he didn’t expect was that Harold would actually agree to Robin’s absurd decision.
What's more, Karina and her recovered father, Camdyn, also stood by Robin’s side.
He knew that it was simply impossible to bring down Robin through this matter.
Taking advantage of the chaos in the conference hall, he quietly slipped out.
Arriving at the fire escape, Reginald looked around and saw no one.
He took out his phone and dialed the number of Roberto, the president of the Hallcester Branch of Golden Sun Bank. Golden Sun Bank was a privately owned joint-stock bank.
Londraland, a commercial bank, was established five years ago in Hashville State by several major private enterprises in the south.
Golden Sun Bank and another bank, Central Hallcester Bank, both loaned money to Freddie’s Glory Edifice three years ago.
Previously, Freddie mortgaged all of his assets and Glory Edifice itself, borrowing 3 billion from Golden Sun Bank and 4 billion from Central Hallcester Bank.
The term of their loan contract was ten years.
For the past three years, Freddie has never defaulted on the interest. payments to both banks, regardless of how tight his finances were.
In the most difficult times, not even a penny was owed to two banks, even if it meant borrowing at high interest rates.
Because Freddie knew that the reason he was doing this was to be able to build a prosperous business district in the southern part of the city, he was forced to borrow money.
People who do great things always prioritize integrity.
However, at the beginning of this year, these two banks suddenly identified a significant risk associated with Glory Edifice and demanded that Freddie immediately repay the principal and interest owed.
This immediately put Freddie, who was already in a state of extreme financial strain, in a predicament.
Today is the final repayment deadline for these two banks.
The two banks required Freddie to repay their loans before midnight.
Central Hallcester Bank had a principal and interest of 5 billion, while Golden Sun Bank had a principal and interest of 3.8 billion. Although the deadline for repayment was before midnight tonight.
However, Freddie understood that after 5:30 PM, banks would close their large transfer systems.
If the funds cannot be deposited into the bank account before half past five.
Chapter 118 Golden Sun Bank
The next day, the ownership of Glory Edifice belonged to the bank.
It was already half past three in the afternoon.
Reginald thought that if the bank could end the repayment deadline. ahead of time, Robin's Glory Edifice plan would be ruined. After the successful completion of the matter, | will boast about myself in front of the major shareholders of the company. Shawn and others would definitely appreciate him for this.
the
It is very likely that, therefore, he replaced Robin and took up position of President of the Eastern District Development Corporation.
Maybe | could have won Karina’s favor. He believed that it was because of Robin’s appearance that Karina ignored him. In any case, as long as Robin is driven away from the Huber Group, regardless of the outcome!
After much deliberation, Reginald believed that the best course of action at the moment was to let the bank take over Glory Edifice directly.
| had a close relationship with Roberto, the president of Golden Sun Bank.
The two of them used to often meet up privately.
Reginald, in order to pave his own way, took advantage of his position at the Huber Group and repeatedly bribed Roberto. And, often asked him to accompany me to nightclubs for some special
services.
Chapter 118 Golden Sun Bank
It can be said that over the past few years, Roberto has been fed by Reginald.
It shouldn’t be a problem to ask him for help in this matter now.
Reginald saw Harold, Karina, and Camdyn and did not reject Robin's proposal to sign the contract to take over Glory Edifice. Moreover, major shareholders like Shawn and Ernest also sided with Robin.
Although they were all reluctant, they were the senior figures who had founded the Huber Group together with Harold back in the day.
Harold supported Robin, and they both had no choice but to agree. Just a few small shareholders were hesitating. Although these people were reluctant to agree with Robin’s approach, none of them dared to say it in front of Harold.
Reginald noticed the doubts in these people’s minds, and he planned to disrupt Robin's plan to take over Glory Edifice in two steps.
Firstly, let Roberto from Golden Sun Bank initiate the early termination of Freddie’s repayment program. Transfer the Glory Edifice to the court and seize its ownership.
Secondly, he was prepared to contact some shareholders after the shareholders’ meeting ended.
They pressured Harold, Karina, and Camdyn by withdrawing funding from the Huber Group.
In this way, perhaps it could force Harold to make concessions.
Chapter 118 Golden Sun Bank
After receiving a call from Reginald, the president of Golden Sun Bank, Roberto hesitated for a long time upon understanding his meaning.
“Mr. Aguilar and Karina had already called me before this.”
“Regarding Glory Edifice, her intention was that the Huber Group would take over next.”
“Ms. Huber said that the Huber Group would arrange the fund transfer tomorrow morning for the money Freddie owed.”
“Today, the Huber Group’s finance department was unable to process such a large transfer due to the late hour.”
“If we initiate the court’s foreclosure procedure on Glory Edifice at our bank now, | will have difficulty explaining it to Ms. Huber.”
“You know, Mr. Harold is not an ordinary person. He has a great affection for Ms. Huber. If | offend him in this matter, I’m afraid it will be difficult for me!”
Roberto was very worried about Reginald’s request. In Hallcester, there were not many people who dared to oppose Mr. Harold. He was a boss of the highest level. Reginald learned about Roberto’s concerns and smiled, saying, “Mr. Francis, it’s not as serious as you imagine.”
“lam revealing to you some information that the board meeting of the Huber Group was underway, and almost all shareholders were against Robin's proposal for the Huber Group to take over Glory Edifice, this
mess.”
“However, considering that Robin is now the president of the Eastern District Development Corporation, and moreover, he was appointed by
Chapter 118 Golden Sun Bank Karina.” “The Huber family may have refrained from directly denying at the board meeting, possibly due to saving face.”
“However, several major shareholders were disgruntled, and in fact, several shareholders wanted to withdraw their investments from the Huber Group.”
“What | mean is, if you could initiate the procedure to seal off Glory Edifice at this critical moment, it would be giving the Huber family some face.”
“It was quite decent of the Huber Group to decline taking over Glory Edifice. This way, the decision made by Robin had no meaning at all.”
Roberto hesitated upon hearing this, “Zhou, my friend, please don’t deceive me. | don’t want to offend the Huber family.” Although | was the president of Golden Sun Bank, my power was also limited.
“The Huber family had already greeted before this, and promised to repay tomorrow. If | do this again, I, a small bank manager, cannot afford to bear Mr. Harold’s anger.
Reginald laughed and said, “Mr. Francis, don’t worry. In fact, the Huber family was just looking for a way out.”
“Hallcester people who didn’t know that the southern plot of land was a wasteland, also didn’t know what illicit dealings Robin and Freddie, those bastards, had behind closed doors.”
“Otherwise, how could he have bought Glory Edifice for a price of 20 billion? Is he fucking crazy?”
“What you did was equivalent to preventing Robin from joking around
Chapter 112 Golden Sun Bank
with the Huber Group’s money, Mr. Harold is grateful to you before. you even know it.”
Roberto hesitated for a moment and thought about it.
The southern plot of land was indeed a wasteland.
At the beginning of this year, he submitted a proposal to terminate the loan project of Glory Edifice in advance to the headquarters of Golden Sun Bank for review.
The head office immediately issued instructions and agreed to his suggestion.
The head office of Golden Sun Bank replied so quickly because, based on the evaluation, they believed that the southern city plot had no investment value anymore.
If Glory Edifice is not withdrawn at this moment, it is estimated that even a penny will not be recovered later. However, the main idea of the bank is that if someone takes over, Golden Sun Bank would rather postpone the extension. In this way, Golden Sun Bank might have incurred less loss.
He pondered for a while and continued, “Mr. Aguilar, | will now initiate the immediate sealing procedure for Glory Edifice. Although it is also reasonable, it is not yet midnight, and I’m afraid it will become a topic of gossip...”
Reginald laughed and said, “Mr. Francis, one hour later, it would be impossible to make a large transfer unless Freddie pays in cash.”
“Think about it, what kind of person had the ability to raise 3.8 billion in cash in just a few hours before midnight. Do you think it’s possible?”
Chapter 118 Golden Sun Bank
“| reckon even a god of wealth like Mr. Francis wouldn’t have had the ability!”
“So, Mr. Francis, you boldly went ahead, which was not considered a violation at all.” Roberto hesitated for a long time and weighed this matter in his mind many times.
Reginald saw the other person remain silent and added, “After you finish the task tonight, | will treat you to a newly opened leisure club in the northern suburbs. It is said that there are several beautiful Bruecia ladies there...
Roberto laughed and said, “Alright! Since that’s the case, | will immediately initiate the termination of the repayment process as you suggested.”
Meanwhile, Freddie, sitting in Robin’s office, received a phone call from the Finance Department of Glory Edifice. “Mr. Strickland, Golden Sun Bank initiated the early closure repayment procedure and issued the final notice letter.”
“Golden Sun Bank's legal personnel said that if the outstanding loan principal and interest owed to Golden Sun Bank cannot be repaid within half an hour, they will no longer accept repayment today.”
“That means, if Glory Edifice fails to repay the 3.8 billion loan within half an hour, half an hour later Glory Edifice will belong to the bank.”
After Freddie finished the call, he was extremely anxious.
“Mr. Bruce, there has been a change in the situation! We have just received a notice from Golden Sun Bank, stating that we must repay the full amount within half an hour, otherwise, they will initiate the seizure of Glory Edifice directly.”
Chapter 118 Golden Sun Bank Robin looked at Freddie’s anxious look and chuckled lightly, “It seems like someone is sabotaging it!”
Freddie shook his head and said, “Mr. Bruce, didn’t you just communicate with Ms. Huber earlier? Didn’t the Huber Group step. forward to guarantee the loan for Glory Edifice?”
“But why did Golden Sun Bank terminate the final repayment deadline ahead of time now?”
Robin looked at Freddie, who was currently in a state of panic, and said indifferently, “There's nothing serious. I'll go ask Karina what's going on.”Copyright by Nôv/elDrama.Org.
Chapter 119A Different Approach