Chapter 769 Empire Group Buys a Large Amount of Stocks of Other Companies!

In Xiangjiang.

Jianing Group, known as the second largest Chinese business empire in Hong Kong, changed overnight.

Many reporters in Hong Kong and other wealthy businessmen and financial groups in Hong Kong who received the news were shocked.

In addition, there are other companies such as the Lam Xiu-wing brothers who cooperate with the Carining Group, Qiu Degen of the Far East Group, Feng Jingxi of Sun Hung Kai Securities, Miramar Company, etc.

The Xiangjiang consortium or wealthy people who had almost cooperated with the Jiani Group were all frightened. They did not expect that something would really happen to the Jiani Group.

Yang Ming returned to the mid-level villa in Repulse Bay.

Late at night, Yang Ming kept looking out the window.

When Merlis called, he had already learned that those related to the Jiani Group had been taken away by ICAC for investigation, which meant that the bubble of the Jiani Group would soon be burst.

The losses this time were not only Huifeng Bank, Huiduoli Company, and Yumin Financial Company, but also the Lin Xiurong brothers, the Far East Group, the Feng family's Sun Hung Kai Securities Company, Miramar Company, and even banks in Country M, etc.

The three listed companies of the Jiani Group, Jiani Real Estate, Vinda Shipping, and Qichang Life Insurance, involve a lot of stock market investors. These may be ordinary citizens of Xiangjiang, and they also suffered heavy losses this time.

When Yang Ming went to rest, it was already past two in the morning.

Have a night's rest.

Early the next day.

Before Yang Ming woke up, Guan Jiahui had already ran in.

"Sir, I heard something big happened."

Yang Ming opened his eyes and asked, "What's the big deal?"

"Something happened to Chen Songqing's Jianing Group."

Yang Ming thought it was something.

Under Guan Jiahui's service, Yang Ming got up and changed his clothes.

Coming down from upstairs, the newspapers and periodicals delivered to the Repulse Bay Mid-Levels Villa are all news related to the Jianing Group.

Yang Ming did not go swimming. When he and his parents were sitting there reading the newspaper, Yang Jirong said: "Peter, I didn't expect that this Jianing Group actually owes so much money."

The couple had long heard from their son that Chen Songqing was a liar and a fraudster. Who would have thought that this huge business empire would collapse overnight.

Judging from the current newspapers and magazines, Jianing Group owes more than 10 billion Hong Kong dollars in debt. From the beginning, Chen Songqing defrauded Hong Kong Bank and wealthy people of their money. Jianing Group is not worth much at all.

So where did all that money go?

Yang Jirong couldn't understand either.

Yang Ming picked up the newspaper and read it.

Judging from the current newspapers and periodicals, it seems that the debts owed by Jia Ning Group are related to the situation. Many of the specific issues are unknown to the reporters.

"Peter, where do you think Chen Songqing went with the money?"

"Basically it's all spent on acquisitions."

It can be said that Chen Songqing really made a blind acquisition.

From the perspective of Chen Songqing, Yang Ming thought of many similar investors in his previous life. Basically, they were all designed to deceive investors from the beginning.

Yang Ming finished breakfast.

Take a bus to Empire Group.

Go up to the chairman's office.

Lin Xiuzhi was also very surprised when she learned what happened to Jianing Group.

"Boss, Jianing Group?"

"You didn't buy its stock, did you?"

"No."

Needless to say, when the stock market starts today, the stocks of the three companies under the Carnegie Group will definitely be suspended from trading. However, due to the influence of Jianing Group, Xiangjiang's stock market will definitely plummet, possibly the most severe drop this year.

Yang Ming drank the cup of coffee and came to the conference room with Meris, Hunter, Jason and others.

At this time, Hunter, Jason and others, who were the first to follow Yang Ming, are now inconspicuous in the Imperial Group.

"You should all know about the Jianing Group?"

"Boss, I heard about it last night," Hunter said.

Last night, he also heard late at night that something happened to the Jianing Group, and immediately guessed that the stock market in Xiangjiang would be greatly affected today.

Even if there is a big drop, Hunter and others are not too worried.

Many times, their stock information is given by their boss in advance.

"The Hong Kong stock market will definitely fall sharply today, possibly by more than 15%, and the total market value of the stock market will lose more than HK$20 billion."

Dropped more than 15%?

This is too scary!

During this period, Hong Kong’s stock market has been falling.

Especially not long ago, the Chinese-owned bank crisis broke out in Xiangjiang, and the real estate crisis broke out. It was even affected by the future of Xiangjiang, and it has fallen many times.

If it plummets again, it will have a really big impact on the Hong Kong stock market and Hong Kong investors.

"After the Hong Kong stock market crashed this time, just buy the stocks of valuable listed companies and don't sell them."

Just buy?

Hunter, Jason was a little surprised.

Melis already knew that the boss wanted to control as much of these companies as possible.

Especially under this opportunity, these listed companies in Hong Kong can be swallowed up at a lower price.

It can be said that these listed companies are still relatively valuable now.

Regardless of whether the stock appreciates in the future and is sold or swallowed directly, for Imperial Group, it is an investment appreciation.

On the other hand, Melis may not even know.

Historically, after 1984, a large number of Chinese and British listed companies moved their headquarters away because they were worried about the future of Hong Kong.

Some moved to Bermuda, some to London.

Some even moved to Singapore.

In fact, this will have a lot of impact on Hong Kong's economy, even the stock market, and finance.

This time, Yang Ming took advantage of this opportunity to acquire the shares of those companies as soon as possible, enter these companies to become major shareholders or control these listed companies.

In the future, if these companies want to move out of Hong Kong, they will have to ask his opinion.

For this reason.

This time, Yang Ming also prepared a large amount of funds.

"I have prepared 80 to 100 billion Hong Kong dollars for you. As long as the price is right, just buy the listed company's stocks."

"Yes, boss."

Hunt, Jason and others were shocked and excited.

After this meeting.

Time quickly came to 9:30 in the morning.

Affected by the 10 billion Hong Kong dollar debt of the Jianing Group, the four major exchanges in Hong Kong, as soon as they opened, many listed companies in Hong Kong immediately fell sharply.

In particular, companies related to the Jianing Group fell sharply.

When these listed companies fell to a certain extent and believed that it was impossible to fall further, the Empire Group spent money to buy them, buying as much as they could.

On the one hand, there was a sharp drop, and investors sold them.

On the other hand, the Empire Group bought through the accounts opened by Hutchison Securities.

This day.

The debt problem of 10 billion Hong Kong dollars of the Jianing Group has seriously affected the confidence of Hong Kong investors.

In their view, the Jianing Empire, which was so large in Hong Kong before the problem was exposed, was always considered to be a Chinese group of the same size as Wheelock and Swire, and was even hailed as the second largest Chinese business empire in Hong Kong.

Now it has such a serious debt problem.

For those investors, only by selling the stocks as soon as possible can they protect their own interests and wealth.

Chapter 5!

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