Reborn as a tycoon in Hong Kong

Back in Xiangjiang, Lin Baicheng was immersed in the laboratory when nothing major happened.

Lin Baicheng was immersed in the laboratory, but it did not affect what happened outside.

First of all, three days after Lin Baicheng and Shen Zhou reached an agreement, the Commercial Crime Investigation Bureau made great progress in the investigation of Chen Songqing's financial fraud and determined that Jianing Group had financial fraud.

Without the obstruction of HSBC and British capital, the efficiency of the Commercial Crime Investigation Bureau immediately increased.

Although the Commercial Crime Investigation Bureau has not been able to determine the specific amount of the financial fraud of the Jianning Group at present, the financial fraud can be determined. Therefore, Chen Songqing was detained in the police station. This time, even if HSBC and British capital wanted to redeem him, they would not be able to do so. .

This news was spread that day, and then the share price of Jiani Group, which had already fallen a lot, fell sharply again, another drop of more than 20%.

This time, HSBC and British Capital did not take care of the decline in the share price of the Carining Group and allowed the share price to fall. They did not spend money to stabilize the share price, let alone increase the share price.

Now, investors are becoming more and more pessimistic about the stock of Jianing Group.

Investors who still hold shares in the Jiani Group either have fallen too much and can no longer move, so they are reluctant to cut their flesh and are willing to bet on the rise of the Jiani Group; In this game, fast in and fast out of funds. The T+0 system in Hong Kong stocks allows funds to come in and out quickly, so that they will not be trapped all at once.

Of course, the T+0 system does not mean that people will not be tricked. The fall of some problematic stocks will only be more terrifying. They will fall by more than 90% in one minute, leaving investors unable to react. Basically All investment was lost.

After Friday passed, the market value of Jianing Group was only 480 million Hong Kong dollars, a drop of 83.56% from the previous high of 2.92 billion Hong Kong dollars. The equivalent of a stock with a market value of 10,000 Hong Kong dollars was less than 1,700 Hong Kong dollars.

Such a terrifying decline, and it only took about a month, is unacceptable to most people.

On Monday, a piece of news about Jianing Group spread throughout Hong Kong, shocking shareholders and creditors who held Jianing Group stocks.

HSBC, Jardine Matheson and Swire Group's three shareholders of the Carnegie Group reorganized the Carnegie Group after passing the board of directors and were approved by the China Securities Regulatory Commission.

This is not the point. The point is that after the reorganization, Jianing Group became two companies. The original company was still called Jianing Group and held a large amount of assets of Jia Ning Group. The new company was called Jiale Real Estate. All the real estate resources of Jia Ning Group were injected into this real estate company and it also shouldered all the debts of HSBC.

According to external announcements, Jiale Real Estate’s total assets are HK$1.15 billion, with a debt ratio of 65.22% and liabilities of HK$750 million. The company’s actual net assets are only HK$400 million.

The key point is that Jiale Real Estate only bears the HK$750 million debt from HSBC, and other debts have nothing to do with Jiale Real Estate. At the same time, shareholders who originally held Jiale Real Estate's shares only hold 20% of Jiale Real Estate's shares, and the remaining 80% of the shares are held by Jiale Real Estate. Still holding Jianing Group.

How to put it this way, investors who originally held 100 shares of Jiale Real Estate now hold 20 shares of Jiale Real Estate and 80 shares of Jiale Group.

This means that investors only hold 20% of the shares of Jiale Real Estate, while the Big Three HSBC hold 80% of the shares of Jiale Real Estate.

Not to mention the shares of Jiani Group that HSBC purchased earlier with financing, Hutchison Whampoa alone sold 25.62% of its shares to HSBC and the other three companies for HKD 692 million. HSBC and the others are still losing money. After all, 80% of the net assets of Jiale Real Estate are It was only worth HK$320 million, but after the restructuring, their losses were at least not as big as before.

Furthermore, HK$320 million is net assets, not stock price. There is a difference between the two.

Jiale Real Estate was reorganized and separated from Jiali Group. Creditors and shareholders of Jiali Group were not happy and expressed their opposition.

Everyone is not stupid, anyone with a discerning eye can see that the reorganized Jiale Real Estate holds the most valuable assets of the Jiale Group, which is equivalent to hollowing out the Jiale Group. The still remaining Jianing Group is simply unable to repay its creditors. The company has no valuable assets, and its stock price will definitely plummet, and it may even be delisted, which means that the company stocks it holds may become useless paper.

Although HSBC provided some compensation, only 20 shares were left out of 100 shares, shrinking by 80%. How could investors accept this?

It doesn’t matter whether shareholders and creditors will accept HSBC’s approval for the time being. Anyway, after announcing the company’s restructuring, Jiale Real Estate later announced that the company has applied to the China Securities Regulatory Commission for listing, and the listing is expected to be next Monday.

Jiale Real Estate is so awesome. The company that applied for listing this week will be listed next Monday.

This is not only related to the lack of supervision in this era, but also to the strong strength of HSBC, Jardine Matheson Group and Swire Group.

For HSBC and the three companies, the most important thing now is to get Jiale Real Estate listed, so that the company's stock price will rise, and the value of the shares they hold will rise sharply. Even if they cannot return to the market value of the Jiali Group shares they originally held, they still need to The difference is not big, so they can explain it internally.

As for the objections from Jia Ning Group’s creditors and shareholders, let’s slowly file a lawsuit. External conflicts can be resolved by using the power of their respective companies.

“HSBC are so cruel!”

When Lin Baicheng learned the news during his free time, he couldn't help but feel a little emotional.

By doing this, HSBC and others must have harmed the interests of the creditors and small shareholders of the Jianing Group, but by doing so, they have preserved their own interests.

Therefore, don't look at ruthlessness, but it is beneficial to HSBC.

There will be lawsuits later, but with HSBC’s energy, they are certainly not afraid of lawsuits. Furthermore, HSBC and others will not always be shareholders of Jiale Real Estate. Once Jiale is listed and the stock price rebounds to a certain price, HSBC and others will definitely choose to reduce their holdings in order to withdraw funds and reduce losses.

If HSBC and the others really wait until one day to sell all their shares, then all the lawsuits of Jiale Real Estate will have nothing to do with them. Even if Jiale Real Estate is saddled with a lot of debt, they will not lose anything because they have left the market. .

Lin Baicheng only paid a certain amount of attention to this matter and did not participate in it. After all, neither Jianing Group nor Jiale Real Estate had any interest in him. In the absence of a conflict of interest, Lin Baicheng does not need to create conflicts between the small shareholders of Jiani Group and HSBC.

To uphold justice for others, Lin Baicheng would not do such a thing foolishly.

However, just when Jiale Real Estate was reorganized and prepared to go public, something happened.

That is, Malayan Finance sent people to Xiangjiang, reported the case to the Xiangjiang ICAC, and also applied to suspend the listing plan of Jiale Real Estate.

Many people in Xiangjiang are unfamiliar with Malayan Finance, but when it comes to Yuming Finance, everyone is familiar with it. As mentioned in the previously reported financial fraud of Jiani Group, Yuming Finance gave a large amount of financial loans to Jiani Group. This is the basis of Jiani Group’s financial fraud. It was Yuming Finance that gave Jiani Group or Chen Songqing the financial fraud. Confidence.

Yuming Finance is actually the financial institution of Malayan Finance in Hong Kong.

As for Malayan Finance, as you can tell by its name, it is related to the country of Malaya. It is a subsidiary of the Bank Negara Malaya.

To put it simply, the money of Yuming Finance is the money of Malayan Finance, and the money of Malayan Finance is the money of Bank Negara Malaya. The money of Bank Negara Malaya belongs to the country of Malaya and belongs to this country. people.

With such a big thing happening to the Carin Group, and Yu Ming Finance being mentioned, it would be outrageous if Malayan Finance had no reaction at all.

In fact, if the person in charge of Yuming Finance's Xiangjiang was not bribed by Chen Songqing, and the person in charge harmed too many interests of Yuming Finance, and did not report the matter of Yuming Finance immediately, Malayan Finance would have come long ago.

When the people sent by Malayan Financial came to Xiangjiang, the first news they got was that the Jiani Group, which had received a large amount of loans from the company, had been reorganized. The reorganized company was about to be listed. The debts of Yuming Finance still belonged to the Jiani Group. , but Jianing Group has basically been hollowed out, leaving only non-performing assets, and all loans from Yuming Finance will not be recovered.

Faced with such a situation, of course the person refused to agree. He immediately reported the case to the ICAC and applied to suspend the listing of Jiale Real Estate to prevent the company from not being able to recover a penny of the loan given to Jiale Real Estate.

In order to increase his influence, Nordin, the general manager sent by Malayan Finance to Hong Kong, even found a number of media and accepted interviews with the media. He said that he believed that Hong Kong is a place that pays attention to the law and it is impossible to allow investments from foreign countries to be approved. If he suffers losses through deception and other means, the Hong Kong government will definitely make the decision for future funds like his.

Of course, Nordin's words should be listened to in reverse, aiming to attract the attention of the Hong Kong government and prevent the reorganization and listing of Jiale Real Estate from succeeding.

At the same time, Nuoding not only talked loudly in newspapers, he also met some important figures in Xiangjiang, such as Guo Henian and Lin Baicheng.

When Lin Baicheng learned from Qin Lan that Nuoding was begging to meet him, Lin Baicheng hesitated for a while, but agreed and met Nuoding.

Lin Baicheng has a large amount of investment in Malaya, and Thor Security's base is in Malaya. He and Malaya are currently in the honeymoon period of cooperation, and he really does not want to affect the cooperative relationship between the two parties.

After the meeting, as expected, Nordin asked Lin Baicheng to help Malayan Finance recover the loan lent to Jiani Group.

"President Nordin, how much money did Yuming Finance lend to the Carining Group?"

Lin Baicheng asked with curiosity. He only knew that Yuming Finance lent Chen Songqing a lot of money, but the specific amount was still unclear.

"It lent 3 billion Hong Kong dollars to Jiani Group, and also lent 1 billion Hong Kong dollars to Chen Songqing and other companies controlled by Chen Songqing, for a total of 4 billion Hong Kong dollars. If the financial fraud of Jiani Group had not been exposed, Yuming Finance would have I will continue to lend money to Chen Songqing and Jianing Group until the day they are discovered." Nordin shook his head and sighed.

The total loan amount is 4 billion Hong Kong dollars, which is nearly 1 billion US dollars when converted into US dollars, which is more than Lin Baicheng's current president in Malaya.

"This number is too much. How did Malayan Finance approve it?"

Lin Baicheng couldn't help but click his tongue. You must know that the market value of Jiani Group at its peak was less than 3 billion Hong Kong dollars, but it had a loan of 3 billion Hong Kong dollars from Yuming Finance, not to mention loans from Chen Songqing himself and other companies.

Nuo Ding said in a deep voice: "The interest rate given by Chen Songqing was very high, and the person in charge here was bribed to report good news but not bad news, so this kind of mistake happened."

Nodding, Lin Baicheng stopped talking about this, but said: "Chief Noting, you may not know it when you first came to Xiangjiang, but my relationship with Yingzi is not good. If I intervene rashly, it will only intensify the relationship between myself and Yingzi." conflicts between them."

After hearing this, Nordin immediately said: "Mr. Lin, I can only ask for your help now. I also hope that you can help me for the sake of all the officers."

Shaking his head, Lin Baicheng said: "Chief Noting, I can't help you personally, but I can help you introduce Sir Mai to the Governor of Hong Kong. As long as you visit Sir Mai as an official of Malaya and lodge a protest, I think Mai In order to avoid causing international disputes, Jazz will definitely not let Jiale Real Estate mess around, and at least it can protect certain interests of Yuming Finance."

"In this case, I'll trouble Mr. Lin."

Hearing what Lin Baicheng said, Nordin felt a little relieved. It would be nice if Lin Baicheng was willing to help, otherwise he really didn't know what to do. Lin Baicheng had invested heavily in Malaya and had transferred many interests, so he had no way to blackmail Lin Baicheng and could only ask Lin Baicheng for help. If Lin Baicheng didn't help, there was nothing he could do.

Since he agreed to help, Lin Baicheng would not keep his promise.

The next day, Lin Baicheng helped Nordin introduce Mailihao, and even said some kind words to Nordin, reminding Mailihao to pay attention to international influence.

After that, how Nuoding and Mailihao talked had nothing to do with Lin Baicheng.

For Lin Baicheng, he has no relevant interests in this incident and there is no need to be deeply involved in it.

HSBC’s Shen Chou and others were all aware of Malayan Finance’s report and actions, and they were also discussing how to deal with it.

Malayan Financial is no better than those small retail investors or local creditors. With the strength of HSBC and the other three, Malayan Financial is completely able to handle it. Malayan Financial is the national bank of the country of Malaya. If something goes wrong, it will trigger an international incident.

Another point is that the amount of the loan given by Yu Ming Finance, a subsidiary of Malayan Finance, to the Caring Group was too large, as high as 30 Hong Kong dollars, which was no less than the combined investment of the three of them. For such a large sum of money, I don’t think Malay knew Asia Finance cannot give up.

In fact, they completed the reorganization so quickly and made Jiale Real Estate go public immediately in order to catch Malayan Finance off guard and create an established fact. Then if Malayan Finance causes trouble afterwards, they can handle it slowly. Who would have thought of Malayan Finance? Asia Finance sent important people to Xiangjiang so quickly that their purpose could not be achieved.