Reborn in Hong Kong: The Tycoon Grows Up
Chapter 1278 Revenge 2
Before coming over, Li Chaoren met with Li Shauji. Although the shares in the rare earth mining company are not too large, they have become an important asset of the family. Moreover, many loans are mortgaged through shares of rare earth mineral companies, but they dare not cause any problems.
Li Chaoren: "Sheng Bao, you should have seen the German analysis report on rare earth minerals in southern Guangdong this time. I don't know what you think. After all, we people have made a lot of money in rare earth minerals. We have already paid back our money. Even if we don’t sell a ton now, it doesn’t matter.”
"I just want to know if Jiangnan Rare Earth Minerals Company will also face this situation."
When Li Chaoren asked this, Bao Zixuan immediately understood what he meant. So he smiled and said: "I can't completely believe the German report, but it is normal for the quality of rare earths in southern Guangdong Province to continue to decline. Before, we had no idea where the most mining was, and after Bao Yugang and Zheng Yutong took over, it continued to expand. Capacity.”
"In fact, they have already made money, otherwise how could everyone buy a bank. I think Li Sheng should be very clear about the specific reasons for this issuance of rare earth bonds. According to my estimation, at the current mining speed. Rare earth minerals in Jiangnan Province have been mined for 30 years without any problems."
With Bao Zixuan's guarantee, Li Chaoren felt much more at ease.
Li Chaoren: "I know what Bao Sheng is thinking. You are also a major shareholder of Yangtze River Industries. This time the Zheng family is facing a serious crisis, and selling off assets may be the only option. I have my eye on a few pieces of land and want to buy them at a low price. Come here. Even if I don't take action, other real estate companies will definitely not miss this opportunity."
"Letting the Zheng family lose its core territory is also a good way to attack them. With the Zheng family's background, it is probably impossible to bankrupt them. I don't know how Bao Sheng feels. If you don't agree, just pretend I didn't say it."
The old boy's business sense is really sharp. However, as Li Chaoren said, it is impossible to bankrupt Shadantong in one go. At most, the family's strength will be seriously damaged.
The other party first mentioned that he is also a major shareholder of Hutchison Whampoa, clearly telling you that you can also make money if you get benefits.
Bao Zixuan said with a smile: "Li Sheng said so, of course there is no problem. We are partners, and of course we have to make money together."
"Don't even shoot. You know, Shark Dantong has always given me a lot of trouble. I will definitely not let him go this time. It's unrealistic to kill him all at once, but I still feel confident in stripping him of his skin."
Now that he had obtained the desired result, Li Chaoren did not stay too long. Leave directly, after all, both of them are busy. Originally there were arrangements for today, but Bao Zixuan was looking for him; he still had to give him the face he deserved.
After seeing Li Chaoren away, Bao Zixuan returned home. After putting her daughter to sleep, she also took a rest.
Early the next morning, Zheng Yutong began to refute the rumors in the media. It said that the Germans issued the analysis report because they deliberately wanted to lower the price of rare earths. They don't do testing in the mining area, they rely more on guesswork. If this causes losses to the company, it will be held legally responsible. At the same time, it also stated that it has terminated all cooperation with Germany's Rheinmetall.
The attitude is very tough, but you must not be timid at this moment.
But the effect is very poor. Now no one dares to believe in rare earth mineral bonds.
At noon, when people saw people buying bonds of rare earth mining companies, their doubts were not dispelled. The most important thing is that the Governor's Office has begun to intervene. Although Bao Zheng Rare Earth Company is registered in Xiangjiang, the mining area is in mainland China. It wasn't very pleasant before, and the British were eager to have problems.
Now that so many people in Xiangjiang are buying bonds, if it is not properly resolved, it will inevitably cause commotion. If it were a British company, they might turn a blind eye and try their best to protect it. But now when it comes to the Chinese mainland, of course they won't give up.
As the main issuer of this bond, HSBC will inevitably bear the brunt. Youde called Shen Bi directly, hoping that he could handle it properly; the Governor's Office did not want to see accidents happen, let alone damage the interests of the people.
Shen Bi said very seriously: "The matter must be resolved as soon as possible. Youde has just called to inquire about the situation. He said that the interests of the citizens of Xiangjiang must not be harmed. The meaning is very clear, and he requires the three of us to come up with money."
If the Heiyun Group had not risen and the coinage rights of HSBC had not been partially deprived, then even as the governor he would not have dared to speak to Shen Bi like this. But he can't blame others for letting him play a good hand of cards to pieces.
Zheng Yutong was a little unhappy when he heard Shen Bi asking them to take out the money. He knew very well what was going on with the Zheng family. Although he made a lot of money from rare earth minerals, the expenses were equally staggering. In the past, Zheng Yutong took out a lot of loans because he wanted to occupy more shares in rare earth minerals and narrow the equity gap between him and Bao Yugang as much as possible. Coupled with the fact that Qiu Degen was involved in the current acquisition of the bank, the capital reserves were seriously insufficient.
Zheng Yutong: "There is no final conclusion yet, but we cannot admit defeat."
Hearing that Shardantong was still arrogant, Bao Yugang knew that he had to step in to coordinate. If the other person always acts like a dead pig and is not afraid of the pain of boiling water, then there is no need to continue the conversation.
Bao Yugang: "Zheng Sheng, even if there is no problem with rare earth minerals, we still need to explain. Otherwise everything will be very passive, at least it will be impossible for the citizens of Xiangjiang to continue to trust."
"Now that we start to recover the bonds, we must recover them according to the originally promised income. Let the whole world see our business reputation. It is normal to make profits and losses in business. But once the business reputation is not recognized, then it is impossible to recover it. It’s very difficult. You can’t lose big for small things, after all, this is not a one-time deal, and it involves the long-term development of the family.”
After hearing what Bao Yugang said, the two of them knew that it made sense. Shark Dantong also had troubles that he couldn't tell. After all, the lack of financial reserves was a flaw. HSBC Shen Bi would never take it out at this time. Now the Zheng family has many loans, and they are all mortgaged with shares of rare earth mineral companies.
It was a good thing that Shen Bi didn't ask him for money at this time. How could he still lend money to the Zheng family?
Shen Bi: "What Mr. Bao said makes sense. Corporate credibility must be maintained. I also agree to call back the bonds early, so that there will still be opportunities in the future. At this time, we not only have to face internal difficulties, but we also have to guard against external pressure. "
"I have made trouble for Heiyun Group and Bao Zixuan before. Such a good opportunity; I will never believe that they can not retaliate. Moreover, the analysis report provided by the Germans can spread so quickly because there is definitely something in it. That boy’s credit.”
Two to one, both of them had already agreed, and Shark Dantong did not dare to say anything more. I can only agree. Although there is an element of coercion in it, I can only do it. At the same time, he also knew that he had to sell some of his assets.
Now that you have made a decision, you must take action.
HSBC, Zheng's Bank, and Bao's Bank jointly issued an announcement; solemnly announcing the early callback of bonds. For three-year bonds, they can be recovered according to the bank's highest interest rate. If you wait until one and a half months, you can enjoy the same treatment as short-term bonds.
Once the news was announced, it immediately caused a huge sensation. It's really powerful to make such a decision before the investigation is clear. It is enough to show that none of the three companies are deadbeats.
Not to mention, the effect is very obvious, at least the people's panic is no longer that serious. No one holds long-term bonds and redeems them. After all, the bonds can be redeemed in half a month, so why be so anxious!
The effect of this move of using offense instead of defense was so obvious that even Bao Zixuan didn't expect it. These people are worthy of being long-established business tycoons. Their control over the current situation and their decisiveness in handling matters should not be underestimated.
Yuan Tianfan came to Bao Zixuan's office and now wanted to discuss the next step.
Bao Zixuan said with a smile: "I didn't expect the three old guys to react very quickly. It seems that none of these tycoons are ordinary people."
Hearing this, Yuan Tianfan really didn't know how to answer. After all, the three of them are well-known figures in Xiangjiang, and probably only the boss dares to say that.
Yuan Tianfan: "Now that rare earth mineral bonds have lost the trust of the public, the attitude must be more positive. The Bao family and the Zheng family are in other industries, so of course they have to worry about their business reputation."
"Now we need to let the people of Xiangjiang know that Zheng's Bank has absorbed too many bad loans. Then the bank's depositors must have other ideas. We need to sprinkle a pinch of salt on the wounds of the Zheng family."
This was something that had been planned for a long time, but it couldn't be the Heiyun Group that broke the news; the Zheng family should tell it themselves. Only in this way would it be more interesting.
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