Reborn Tycoon Rise

"300 million Hong Kong dollars!" Xu Zhi also frowned, and then asked: "What is the name of the chairman of Yida Group?"

"Zhong Zhengwen." Yuan Tianfan replied. When he accepted Bank of East Asia, he had already checked all the information of the entire bank. As one of the largest debtors of the bank, Yida Group naturally knew some of the situation of the other company.

"Zhong Zhengwen?" Xu Zhi suddenly thought of this character. He had seen all the information on the Bank of East Asia before, and the loan projects of Yida Group were also among them. However, the scale of this company was not very large, and the bank's internal description was It is a high-quality loan customer, so he did not ask about the specific situation of this company in detail, and naturally he did not know who its chairman was.

It was not until this moment that we discovered that Yida Group actually belonged to Zhong Zhengwen, and this person played an extremely important role in a series of frauds committed by Jianing Group.

Strictly speaking, Zhong Zhengwen is the boss of Chen Songqing, chairman of Jianing Group.

Chen Songqing arrived in Xiangjiang in the early 1970s, and his first job was as a civil engineering manager in the Zhong family's company. Later, Chen Songqing set up his own business and developed several projects with the Zhong family, winning his first job in Xiangjiang. A pot of gold.

It's a pity that in order to speed up the development, he went into crooked ways and tried every means to increase his fame.

In Xiangjiang, several major companies owned by Xu Zhi are very well-known, but in fact they are far away from ordinary people.

Midea focuses on exporting products. Although a series of its products have created employment for at least 20,000 people in Hong Kong, many people do not feel this clearly.

The scale of Evergrande has reached the top ten real estate companies in Xiangjiang. However, unlike real estate companies such as the Five Tigers of China-owned Real Estate, which vigorously develop residential buildings, Evergrande's main business is to hold commercial buildings for rent collection and develop its own land. It has never participated in real estate auctions. It is a relatively low-key company in the industry and its reputation is not too high.

As for the other Hutchison Whampoa Group, although it has great influence, it is a company that existed a hundred years ago. People have long been accustomed to it, and there is not much news recently, so it has not attracted much attention.

As a result, the most famous company in Xiangjiang now belongs to his family. Through dozens of dazzling mergers and acquisitions throughout 1980, Jianing Group quickly became the most legendary company in the business history of Xiangjiang.

In the early 1980s, Carnegie Group acquired the Golden Gate Tower owned by Land for HK$1 billion. The price of this transaction has caused a sensation throughout Hong Kong.

But the good news was yet to come. In July, Jianing Group suddenly announced that negotiations on the sale of Golden Gate Tower had entered a substantive stage, with the sale price being approximately HK$1.5 billion.

In August, it was announced that 75% of the shares in the Golden Gate Tower would be sold for HK$1.18 billion, and the buyer had paid a deposit.

In October, it was announced that the entire building would be sold for HK$1.7 billion.

In other words, in less than a year, Jianing Group made a profit of HK$700 million by selling Golden Gate Tower.

The entire Jianing Group's stock had a market value of approximately HK$500 million at the beginning of the year, but by the time the building was sold in October, its market value had reached HK$3.6 billion.

It was during this period that Xu Zhi sold his Jianing stocks in batches and made a profit of more than HK$200 million.

But Chen Songqing’s madness has just begun. In September, he announced the establishment of a shipping company and invested in a five-star hotel chain in Thailand.

In November, it acquired Jielian Company, owned by Zheng Yutong's family, and in December, it acquired 21% of Japan's fifth-largest film company, Nikkatsu Group.

As for other plans to develop various types of real estate, there are countless others.

But these investments are real and fake, and the profits from transactions are fake, but the real thing is to increase the stock price.

In Xiangjiang, in addition to using land or real estate as collateral for normal commercial loans, there is also a means specifically for listed companies, which is to use the company's market value as collateral.

Under normal circumstances, banks are willing to lend half of the market value of listed companies. Chen Songqing seized this loophole and began to desperately create all kinds of false news to drive up Jianing's stock price, obtaining huge amounts of liquidity from the bank, and then used This money is used to develop the property and then repay the debt after making profits from it.

If the real estate market continued to prosper, this model might really succeed. However, when the real estate crisis broke out in the second half of 1982, the entire Jianing Group's capital chain was completely broken, and the so-called tens of billions of consortiums were broken up in one fell swoop.

Xu Zhi thought for a while and asked, "What is the collateral for this loan?"

Yuan Tianfan replied: "It's the stock of Yida Group."

"Can this loan be transferred to other banks?" Xu Zhi then asked, sooner or later there will be problems with this kind of stock mortgage.

"Yes, yes, but Yida Group is a listed company. They must be notified of the transfer of creditor's rights." Yuan Tianfan explained.

Xu Zhi said: "It doesn't matter. Our bank has just had an acquisition transaction, so it is not surprising that there are changes in the business."

"Okay, then I'll get ready right away." Yuan Tianfan agreed and was about to leave.

"Wait a minute." Xu Zhi said with a smile: "If HSBC is interested, we will give it priority to them. Even if we lose a little, it will be fine."

"Okay, I understand." Yuan Tianfan nodded and said. He didn't know why, but there were some things that his employer just said he would do. There was no need to ask why.

After Yuan Tianfan left, Xu Zhi slowly sorted out the information he knew. In his previous life, he had paid attention to some world-famous business scams, and the Jianing case was a relatively famous one.

In the second half of 1982, due to the oil crisis that had just erupted a few years ago, the global economic recession, and the mainland's reform and opening up to attract Hong Kong investment, under the double blow, Hong Kong's industry began to enter a serious recession period.

Although housing prices are now crazy, industry still accounts for a very large proportion of Hong Kong's economy at this time. The industrial downturn has led to a large number of workers losing their jobs or reducing their incomes, and the entire internal consumption of Hong Kong has shrunk, which is a fatal blow to commerce and real estate.

The future of Xiangjiang came to the fore. Mrs. Thatcher suffered a historic fall in BJ, and the whole of Xiangjiang's property and stock markets subsequently plummeted.

However, Chen Songqing is not so easy to defeat. No matter whether the external economy is good or not, he will make false accounts anyway, publish or "accidentally leak" some false news, and the stock price will still rise.

But Zhong Zhengwen's Yida Investment was different. After successive radical investments failed, Zhong Zhengwen fled in a hurry, leaving behind a debt of 2.1 billion Hong Kong dollars and a bank loan of 1.6 billion Hong Kong dollars.

Subsequently, the entire Yida Group was liquidated. The Independent Commission Against Corruption also discovered a large amount of cooperation information with Jia Ning in Yida Group. However, after in-depth investigation, it was found that all of them were fake. This also led to the shocking scam of the entire Jia Ning Group. All failed.

But in fact Zhong Zhengwen was also a victim. He never knew the details of Chen Songqing. He only discovered the problem after many cooperations. However, he got deeper and deeper and was eventually dragged into hell by Chen Songqing. Although he succeeded He ran abroad and hid, but the Xiangjiang Court sent his son to Stanley Prison in accordance with the "Money and Debt Law".

As early as the end of last year, after cashing out Jianing's shares at the highest price, Xu Zhi was already unwilling to have anything to do with Chen Songqing, but unexpectedly, after acquiring a bank, he actually got involved again.