Reborn Tycoon Rise

(I don’t know why the content at the beginning of the previous chapter was messed up, but it is just a narrative and does not affect reading)

Although Chen Songqing got rid of his direct relationship with Yida Investment, the absconding of Yida Chairman and Jia Ning's financing plan still made everyone lose confidence in Jia Ning.

In the Xiangjiang Exchange, countless stockholders were holding Jianing's stocks and bonds. They no longer cared about the price and just wanted to get rid of the stocks as quickly as possible.

But now that everyone knows about Jianing's situation, who is still willing to take the risk and take the order? In the end, countless investors who lost their money and lost their money gathered together and blocked the entire exchange, demanding an explanation from the government departments.

As for the media, although the issues between China and Britain are still the focus of reports, and various experts have appeared one after another, there are still a large number of media paying attention to the situation of Jiali. A giant that once had a market value of 5 billion Hong Kong dollars, once it goes bankrupt, its consequences will be Financial fluctuations are enough to affect tens of thousands of people.

Jianing Headquarters:

Chen Songqing is holding an emergency meeting. The people sitting in the conference room are all Chen Songqing recruited from overseas at a sky-high price. The reason for the sky-high price is because such a big scam cannot be operated by him alone, so he is involved in it. The people must know the specific situation, and not retaining them at a high price will only lead to endless troubles. When recruiting people from overseas, it is also considered that these people do not have enough personal connections in Hong Kong and will not divulge important company secrets at will.

Of course, these people are also of a certain level. They basically all graduated from prestigious universities and have enough experience in large overseas companies. At the same time, Chen Songqing can be regarded as treating people with courtesy and giving them sufficient benefits in all aspects.

In the end, these people and Chen Songqing formed an interest group, and everyone prospered and everyone suffered losses.

"What is the reaction from the major banks that cooperate with us now?" Chen Songqing asked worriedly. He didn't pay attention to the trouble caused by the group of investors outside. What really worried him were the financial institutions and some project cooperation companies that he cooperated with.

The banks that have loan cooperation with Jianning will be very concerned about the liquidity difficulties of Jianing, especially some banks that use stocks as collateral or have no collateral. They are even more worried that this matter will trigger a greater crisis.

"Chairman, we are currently cooperating with more than 70 banks, and there are 16 banks with funds exceeding 100 million Hong Kong dollars. These banks have sent letters to inquire, hoping that we can stabilize the stock price and control the stock price as soon as possible. Good public opinion media." A man with glasses on the right side of Chen Songqing reported: "However, Bank of East Asia has made it clear that it will not approve the third phase of loan fees for the Carnegie Center Building unless we add another HK$500 million worth of loans. Pawn."

Carin Center Tower is a super building that Land and Carin planned to build after they bought the Hilton Hotel owned by Hutchison Whampoa Company and demolished it.

However, due to many legal factors, the foundation stone could not be laid until the beginning of this year. In order to quickly recover costs, Land and Carnegie arranged thousands of construction workers to work in shifts 24 hours a day and night to build the building. The original plan was to complete the construction in mid-1983.

But the plan could not keep up with the changes. Throughout 1982, housing prices continued to fall, and the Iron Lady wrestling incident at the end of September caused a collapse in the real estate market.

When land prices were at their highest, Carnegie and Land invested huge sums of money to buy this land, and also spent hundreds of millions of Hong Kong dollars to demolish the original Hilton Hotel. Now that land prices have plummeted, it is no longer possible for this project to make any profit. Even if the building construction is completed by the middle of next year as planned, the loss may be as high as hundreds of millions of Hong Kong dollars.

But the project still has to be completed. If it is completed, it will only result in a loss of several hundred million. If it is not completed, billions of Hong Kong dollars will be trapped in the project. In the current economic environment, once the bank presses for debt, all companies will be finished.

"500 million!" Chen Songqing frowned. Now that Jianing's stock price has fallen to the bottom, not to mention re-mortgage loans, it would be good if some companies that lent funds to Jianing using their previous stocks as collateral did not come to ask for debts.

After being silent for a while, he continued: "What did Landmark say? Landlord also has half of the shares in this project!"

The bespectacled man shook his head and said, "The Bank of East Asia has also asked Landmark to increase its collateral, but we don't know yet how Landmark will handle this matter."

Chen Songqing nodded and said: "Okay, I will personally discuss this matter with the senior management of Land and Bank of East Asia, so you don't need to worry about it for now.

As you all know the current situation of the company, the economic crisis is inevitable in Hong Kong. Our debt is extremely high, so we hope that everyone can work together to tide over this difficulty. "

The bespectacled man and a group of people around him responded immediately. They had received several times their previous salary from Jiani, so they naturally did not want the company to collapse.

The man with glasses asked: "Chairman, what should we do next?"

Chen Songqing said: “I will find a way to mobilize another amount of funds from Southeast Asia, but Jia Ning currently owes too much debt and needs more funds.

So I hope you can use your connections to obtain new financing channels for the company. Whether it is a bank in Hong Kong or an overseas bank, as long as you can get a new loan, I can give you a 2% reward of the loan amount. "

"2%!" Everyone was shocked. Just a loan of 100 million Hong Kong dollars can get a bonus of 2 million. Although Hong Kong's economy is difficult now, banks need to find loan customers at any time. As long as they start from this 2% If you take part of it, you may not be able to gain something.

Seeing everyone's expressions, Chen Songqing knew that his words had an effect, so he added: "In addition to financing, the company also needs to clean up a large number of its non-core business branches, or sell some properties to raise funds."

Since its listing in 1979, the Jiani Group has used stock market funds and various loans to desperately expand in Xiangjiang. In just two years, Jiani has controlled more than a hundred branches, involving dozens of industries.

However, the companies that were absorbed in order to expand their scale have now become burdensome. In order to survive, they can only sell large-scale companies to obtain cash.

The meeting lasted for a while, and after Chen Songqing arranged a few important matters, he made an appointment with Bao Fuda and went to the Peninsula Hotel for negotiation.

If it had been before the crisis, Chen Songqing would have driven around in a luxury car, chosen the presidential suite to meet with each other, and his meetings with many business tycoons would have been photographed by the paparazzi, thereby further building momentum for the company. But now he is being pursued by the media. After beating hard, he naturally became low-key.

"The Bank of East Asia requires you and I to jointly increase the collateral or repay part of the loan in advance. Bao Fuda, what do you think?" Chen Songqing took a sip of red wine and asked.

Bao Fuda said: "Nowadays, land prices in Xiangjiang have plummeted, and all companies have been affected. Although Hongkong Land can get the money, I still hope to discuss it with the senior management of Bank of East Asia. After all, at this time, everyone's life is It’s not easy, the banks are too tough, and in the end everyone will just break up.”

Since ancient times, there has been a saying among the people that "it is the uncle who owes money." In the business world, under normal circumstances, banks are strong, but when you owe enough money, you are still the uncle.

Especially for some small banks, if there is a big problem with the creditor's funds, I am afraid they will become even more nervous, because once the information is leaked, the company that owes money can persist for a few months even if it is in trouble, and once a small bank is run , it is estimated that it will not last two days.

Chen Songqing smiled and said, "Okay, then let's invite Xu Zhi out for a chat!"