Chapter 765 The Jianing Empire Is About to Collapse!

October 4, 1982.

Monday.

The second day after Yang Ming returned to the Repulse Bay Hillside Villa.

Early this morning.

When Yang Ming got up, he found that the weather in Hong Kong was still very hot. He went to the swimming pool to swim a few laps and felt much more awake.

Yang Ming got up and went upstairs to change his clothes and went downstairs to have breakfast with Yang Jirong and his wife in the Garden Restaurant.

Yang Ming noticed the news about the Jianing Group.

This Jianing Group is probably about to collapse.

Last year, the news media in Hong Kong still promoted Chen Songqing's Jianing Group as the Jianing Empire.

At that time, the Hong Kong media reported that there were two major Chinese business empire groups in Hong Kong.

The first one was Sir Yang's Empire Group.

The second one was Chen Songqing's Jianing Group.

However, Yang Ming knew that Chen Songqing's fox tail would soon be exposed, and the hole of the Jianing Group was even more terrifying than the Chinese banks in Hong Kong.

Yang Ming put the newspaper aside and finished breakfast with his parents.

"Daddy, Mommy, I'm going to work."

Yang Ming got on the Rolls-Royce and went to Empire Group.

Arrived at Empire Group.

Lin Xiuzhi had come to work early.

"Boss, good morning."

"You'll ask Mai Lisi to come see me later."

"Yes, boss."

Lin Xiuzhi first made a cup of coffee for the boss, then went to the general manager's office next door and called Mai Lisi.

"Boss."

Ma Lisi sat down opposite Yang Ming.

"Ma Lisi, how is the property acquisition now?"

"We have always acquired properties in Xiangjiang at low prices, and it looks good."

At this time, too many properties in Xiangjiang have been reduced in price. It can be said that the properties in the whole Xiangjiang are unsalable. Now that Empire Group has acquired those properties at low prices, many people just sold them.

All this is going according to plan.

Now in Xiangjiang, in addition to Yang Ming, Li Jiacheng can also see that this is the opportunity to enter the Xiangjiang real estate, but Li Jiacheng has no money and can only watch.

"Malley, do you know anything about the Jianing Group?"

"Boss, what about Chen Songqing?"

Yang Ming mentioned several times to Mai Lisi and others that Chen Songqing was a liar, and Mai Lisi and others also noticed that there were indeed problems between Chen Songqing and the Jianing Group.

However, before that, Mai Lisi did not pay much attention to it.

Last month, on September 26, Jianing suddenly released its interim results, with a profit of HK$270 million, an increase of 2.75% over the previous year, and announced an interim dividend of 1.2 cents per share.

It seems that the interim results of the Jianing Group are not high.

However, this year involves a sharp drop in property prices. If the Jianing Group releases interim results and profits, it is still good in many financial analyses.

Yang Ming knows that this data is fake, and not many people know about it.

At the end of last year and the beginning of this year, the Jianing Group borrowed a lot of money from Huifeng Bank and Shen Yi. In addition, it also borrowed a lot of money from other banks using the reputation of Huifeng Bank.

When Chen Songqing and Jianing applied for a loan from a bank, they usually used their stocks or properties as collateral.

Generally speaking, bank loans are limited to 50% of the stock market price. If the stock price drops, the lender will have to take out more stocks or repay part of the loan.

Chen Songqing understood this very well, so he paid great attention to the rise and fall of Jianing's stock.

To this end, he did not hesitate to use various methods to "support the market", or constantly make big statements, or "leak" news that was beneficial to himself, or buy the company's stocks at a high price, so that his company's stock price continued to rise, making people feel that these stocks had a very active market.

In this way, when applying for a loan, using stocks as collateral will be accepted by the bank.

Another reason why Jianing was able to get a loan easily was Chen Songqing himself.

Simply put, his methods defeated many bankers, who felt that Chen seemed to have inexhaustible funds and powerful power. Chen Songqing was a collector of famous paintings from Country F, and his collections were often hung in his office.

In 1982, Chen Songqing owned five Rolls-Royce cars. According to a local Rolls-Royce agent, this is the highest number of such cars owned by an individual in Hong Kong, except for Sir Yang, chairman of the Empire Group.

With the support of continuous funds from the bank, Chen Songqing launched a dazzling acquisition activity.

By the peak period in mid-1982, Carrian had become a large-scale diversified enterprise group in Hong Kong, with more than 100 subsidiaries, including Carrian Property, Vinda Shipping and its three listed companies, Chang Life Insurance, and its scale was close to the long-established British banks such as Wheelock and Swire.

However, after experiencing a stormy development, the Carrian Group failed to consolidate its existing achievements in time, perhaps because it involved too many fraudulent elements in its business transactions and could not consolidate.

In 1982, the god of luck no longer favored Carrian, and the Carrian Group began to gradually fall into trouble due to the change in the external economic environment.

At this time, his main partner, Yida Group Chairman Zhong Zhengwen, woke up earlier than Chen Songqing. He found that the five plans he and Chen Songqing had cooperated on had caused him to owe up to HK$1.3 billion, which might bankrupt him.

He tried to withdraw, ignoring the consequences for his partners. He also found that Chen Songqing used his shares for personal gain, damaging his interests.

So he decided to confront Chen Songqing and let Chen let him out with favorable conditions.

Zhong Zhengwen sent people to investigate Chen Songqing's early activities. Since he could expose the whole thing, Chen Songqing had to succumb to this act of commercial blackmail and reconcile with Zhong Zhengwen.

The conditions of the reconciliation caused greater damage to the Jianing Group.

At this time, the external economic environment that had always been favorable to Chen Songqing's expansion began to reverse rapidly.

In fact, since the second half of 1981, the world economic recession has caused the Hong Kong economy to be sluggish, interest rates have been high, the Hong Kong dollar has depreciated, domestic consumption has shrunk, and corporate profits have declined. In addition, the issue of Hong Kong's future has gradually been put on the agenda, and various unfavorable and unstable factors have emerged one after another.

After seven or eight years of twists and turns, the real estate market in Hong Kong has reached its peak. The vacancy rate of various properties has reached an extremely high level. The so-called high position is dangerous, which is already quite dangerous.

By the second half of 1982, the situation worsened. The Hang Seng Index, which reflects the changes in market confidence, has fallen from 1405 points at the beginning of the year to 1150 points at the end of July, a drop of 18%.

On September 22, 1982, Mrs. Satchel visited Beijing on the occasion of the great victory in the Falklands Campaign and proposed to exchange sovereignty for governance, but was rejected by the old man. As a result, she fell down in the Great Hall of the People, shocking the world at that time.

When the news reached Hong Kong, the already exhausted stock market and property market fell, and the difficulties of the Carrian Group quickly surfaced.

As for the interim results announced by the Carrian Group at the end of last month, they were just used to continue to deceive investors.

"The Carrian Group will soon collapse."

Yang Ming looked at Mai Lisi and said.

This time, not only Mai Lisi was shocked, but Lin Xiuzhi was also very shocked.

After all, the market value of the Carrian Group was still very high at this time, with hundreds of companies under its umbrella, and its scale was comparable to Wheelock and Jardine Matheson and Swire. How could it collapse?

Chapter 1!

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