Chapter 1052 HSBC Sells Assets

At the time of the press conference, the stock market had already opened, and the stock prices of the Swire Group companies and the three listed companies of the Carrian Group naturally plummeted.

At the same time, Norman Shi Yahuai, who was rescued in the Sanatorium and Hospital, finally woke up and saw many of his children, including his eldest son, Corey Shi Yahuai, who flew over from the UK in an emergency.

"Father, how are you feeling now?"

After following his father's instructions to drive out the others, including his siblings, Corey Shi Yahuai grabbed his father's hand and asked with concern.

"I won't go to see God just yet."

Norman Shi Yahuai said softly, and then asked about the company's situation.

"Corey, how is the company doing now? Have HSBC and other banks been here?"

Of course, the situation was very bad. Corey Shi Yahuai was afraid that his father would not be able to bear the blow after knowing the situation and another accident would happen, but if he didn't let his father know, he could not be the master.

Corey Shi Yahuai smiled reluctantly, and he didn't know what to say when he opened his mouth a few times.

Norman Shi Yahuai's heart sank, he raised his strength and tried to sit up, which startled Corey Shi Yahuai.

"Father, lie down, don't sit up."

"Help me up!"

Norman Sheavey raised his voice and said beyond doubt.

Corey Shi Yahuai was helpless, so he could only help his father up carefully and take protective measures for him.

"Tell me, what's the situation now, don't hide it from me, I can bear it."

Speaking, Norman Shi Yahuai stared coldly at his eldest son.

Corey Shi Yahuai sighed, did not dare to lie, and truthfully explained what happened when his father was in a coma.

"Father, after you passed out, our company's stock price plummeted. Not only did it fall below the warning line for mortgage loans, but even the market value of Swire Holdings fell below three billion Hong Kong dollars yesterday afternoon."

"HSBC, Hang Seng Bank, Bank of East Asia, Citibank and other banks that have loan business with us have sent us warning notices or face-to-face notices, requiring us to make up the security deposit or collateral within 24 hours, or else we will The mortgage assets are left to them.”

"If we don't respond for more than 24 hours, they will forcefully initiate emergency measures. By default, we will give up the supplementary margin and collateral, and will exercise the right to mortgage and dispose of the mortgage assets by ourselves."

"Because you have been in a coma, and we really can't come up with funds and excess collateral, so far we haven't given those banks a reply."

"It is now less than two hours away from the time given by the earliest HSBC."

Norman Shi Yahuai listened expressionlessly the whole time, as if what his son said had nothing to do with him.

In fact, it would be a lie to say that you don't care.

But after this coma, he also understood and prepared for the worst.

He has thought of everything he could think of before, and he has worked hard. Since the situation is out of control, all he can do is accept it.

To put it bluntly, his ambition was wiped out by this blow, and the only thought in his mind now was to keep as many assets as possible for the family.

"Let the bank exercise its own mortgage rights, and those mortgaged assets are not needed."

Hearing his father's words, Corey Shi Yahuai was taken aback for a moment, and found that he was not joking.

However, banks are not easy to bully, and not having assets does not mean that you can get rid of all responsibilities.

After a moment of silence, Corey Shi Yahuai nodded and said softly: "Father, according to the current situation, after the bank auctions off the mortgaged assets, it is very likely that the debt will be repaid. We don't know if the remaining assets of our family are enough to pay off... "

In the face of this extremely realistic issue, Norman Shi Yahuai was silent.

The mortgaged assets will be handled by the bank itself. In general, the bank definitely wants to sell the high price as much as possible, but if some banks insist on cheating him, they can sell the mortgaged assets at a low price.

The remaining debt after the deduction still needs to be repaid by them.

If their family refuses to repay, then the bank can sue them and apply to the court for enforcement. If there is really no other assets, the bank will also blacklist them, which is very troublesome.

But he couldn't interfere with the bank's exercise of the mortgage. It was up to the bank to deal with it. The only thing he could do was to ask for mercy.

"Hey……"

Norman Shi Yahuai sighed and said to his eldest son, "Notify the bank first, and we can only make decisions based on the situation."

Corey Shiawei was silent, nodded and said in a low voice, "Okay."

...

There are two flowers on each table.

Just after the press conference, Xia Yu called Liu Tianci and Wang Qi to his office again.

Looking at the two people sitting in front of their chests, Xia Yu smiled slightly and said directly: "I went to McLehose's house last night and talked to him about some things, I promised him that apart from some small banks that have been deeply involved with the Carrian Group We will not let the mid-sized and above banks go bankrupt unless they are allowed to go bankrupt.”

"In addition, it also involves the merger of the four major stock exchanges."

"MacLehose promised me that he would make adjustments to the founding committee of the United Stock Exchange and let me recommend candidates to him."

"Not surprisingly, MacLehose will replace the current chairman of the committee."

Wang Qi and Liu Tianci's eyes lit up, looking forward to what Xia Yu said.

Xia Yu's eyes swept across Wang Qi, and then in his lost eyes, he fixed on Liu Tianci: "Tianci, I will put you in the position of the chairman of the committee, and you will come forward to preside over the merger of the four institutes. How to do it? , I will tell you when the time comes."

"OK!"

Liu Tianci nodded in response.

Xia Yu looked at Wang Qi again and said with a smile: "Wang Qi, don't be disappointed, I will push you to the position of the vice chairman of the committee. You are mainly responsible for acquiring the equity of the four exchanges, and only in the four exchanges. All have become major shareholders, so that the merger can be vigorously promoted.”

"Now that the stock market crash has broken out, there is no doubt that the securities market will be sluggish in the next few years, and many other companies that are shareholders of the four exchanges have also suffered heavy losses. Now is the most suitable time to take over the equity of the exchange."

"When the four mergers are on the right track, I have more important things for you to do."

Wang Qi was overjoyed, nodded heavily, and responded loudly: "Yes!"

Xia Yu nodded slightly and asked the two of them again, "Do you have any questions?"

Liu Tianci and Wang Qi shook their heads one after another.

"Well, after you go back, you will perform your duties and act according to the original plan."

"Yes!"

...

Corey Shi Yahuai was the first to reply to HSBC. After Lin Changlong reported to Shen Bi, Shen Bi was not surprised. He knew that Shi Yahuai's family was exhausted and could not afford any money or other assets to make up the mortgage.

Seeing that the mortgaged assets would continue to shrink, Shen Bi did not hesitate, and asked Lin Changlong to list the assets that Shi Yahuai had mortgaged, and stated that they would be transferred. Interested parties are welcome to consult and take over.

The information revealed by this news is too huge, and it is confirmed that the Swire Group and the Shi Yahuai family have exhausted their funds and are already insolvent!

The stock prices of Swire Pacific Group and other companies plummeted again, and the rate of decline of the entire Hong Kong stock market increased again.

After Xia Yu heard Wang Qi's report, he immediately gave instructions to let Wang Qi stand still and pay close attention to who dared to be interested in these assets.

Let the asset shrink for a while, then take over at a lower price.

ps: The second one is sent, please recommend a monthly ticket!