After eating a sumptuous dinner, Chen Songqing and Bao Fuda personally sent Xu Zhi and his party into the car.

The convoy left the hotel and soon got on the elevated road.

Yuan Tianfan sat next to Xu Zhi and asked: "Chairman, although there is not enough evidence, there must be a serious problem with the financial Y of Jianing Group, which has reached a consensus in the banking industry in Xiangjiang, will we increase the risk of the bank if we are like this now?"

"Then can you force Chen Songqing to increase the collateral, or can you force him to repay the money immediately?" Xu Zhi asked with a smile, everyone in Xiangjiang knew that Jianing Group had a problem, but at present, Jianing is still trying to repay the loan normally, and in the absence of ironclad evidence, the bank is only trying to reduce its own risk, hoping that Jianing can increase the collateral, but there are basically no successful cases.

If it is a small company and is not well-known, then the bank can also move and force the court to sue. But Jianing is a large group, and the lawyer team is no worse than the bank's, so if it is really tossed, I am afraid that the real estate crisis has passed, and the court may not be able to have a result.

Banks are also in business, Jianing Group is a big customer, it really fell out, don't want to do business in the future, and more importantly, this practice will be isolated from the Xiangjiang business community. The real estate company is only encountering a little difficulty, and your bank is so aggressive, who will dare to borrow from you again in the future?

Of course, the main reason is that no one knows how serious Jianing's problem is, and if it really comes to the time when the tree is falling and scattering, no matter how ruthless the bank is, no one will say anything.

"Even if we can't get a higher mortgage, we shouldn't go ahead and take out a third loan and let them continue to build the Jianing Building, it's too risky. Yuan Tianfan said.

Hongkong Land and Jianing have two large loans from the Bank of East Asia, one is for the acquisition of the Miramar Hotel, and the other is for the construction cost of the Jianing Building, the former is a one-time payment and has already been loaned, while the latter is paid in batches, with a total amount of nearly HK$5 billion.

After the Iron Lady wrestled, the stock market in Hong Kong plummeted, and Hongkong Land and Jianing naturally could not escape this fate, and the own stocks and land used for the mortgage fell a lot, which is also the fundamental reason why the Bank of East Asia asked the two groups to increase the collateral.

After the previous negotiations, after Xu Zhi got what he wanted, he promised not to increase the collateral, and he would allocate the third construction fee in time, which was also what Yuan Tianfan was more worried about.

"Of course, there is, but our two loans have a mutual guarantee between Hongkong Land and Jianing, even if Jianing has a problem, are you still afraid that Hongkong Land will not be able to pay it back?" Xu Zhi said with a smile.

Although he knew that Jianing would inevitably go bankrupt, he still admired Chen Songqing very much, because next year, after the stock market fundraising was vetoed, Chen Songqing actually persuaded HSBC to lend Jianing 250 million Hong Kong dollars for debt restructuring.

Yuan Tianfan replied: "Chairman, Hongkong Land's heritage is indeed much stronger, but it owes more money, the land of Exchange Square, the Jianing Building project, the Miramar Hotel project, plus dozens of small and medium-sized account investments, Hongkong Land's total liabilities may be close to 20 billion Hong Kong dollars, according to the current housing prices, this amount is close to Hongkong Land's total assets, and according to the current interest, Hongkong Land's profit model is not enough to pay such a large loan for a long time, I am worried that Hongkong Land will eventually become insolvent." ”

"You look down on Jardine Matheson too much. Xu Zhi smiled and said: "Don't worry, if you really get to that point, Jardine will inevitably come out to save the scene, do you really think that a company that has been in the Xiangjiang River for hundreds of years will be so easy to leak only the hole cards?"

Any family or consortium that has been inherited for a long time will not put all its assets on the bright side, even Xu Zhi, a newly rich man, has begun to hide hundreds of millions of dollars of assets overseas, of course, this money will not be put in the bank to eat interest, but to buy a lot of high-quality stocks, while maintaining the value of the hidden in case of emergency.

The same is true of Jardine Matheson, as early as the 50s, because a large number of assets in the mainland were confiscated, out of fear, Jardine Matheson Group has long begun to pursue the policy of "making money in Xiangjiang and developing overseas".

Over the past decades, Jardine Matheson has extracted huge profits from Heungjiang's major businesses and transferred overseas to invest in various businesses, including Europe, Africa, Southeast Asia and Australia, covering dozens of industries such as mining, agriculture and animal husbandry, energy, automobiles, construction and shipping.

However, it was not until the early 80s that Jardine Matheson Group found that its overseas development after decades of tossing was still full of difficulties and serious losses, while many assets in Xiangjiang were worth hundreds of millions of dollars due to the vigorous development of the real estate market, and became the core and most important assets of the entire Jardine Matheson Group.

The reason why Wharf lost was that throughout the 70s, due to huge losses in overseas investment, a large amount of Jardine Matheson's funds were all trapped, and HSBC lent Bao Yugang 2.1 billion Hong Kong dollars at one time, which caused Wharf to change hands.

After the loss of Wharf, Jardine Matheson Group learned from the pain and decided to go all out at the Hong Kong Development Land Industry Exhibition, and at this time, Hongkong Land began to expand on a large scale, which was Jardine Matheson's intention to build Hongkong into the largest company in Hong Kong and become the new flagship company of Jardine Matheson Group.

Unfortunately, people are not as good as heaven, an economic crisis has crushed Hongkong Group, but the entire Jardine Matheson overseas assets have little impact, these overseas assets may not be successful, most of the projects are losing money, but if Jardine is willing to sell, it can be easily sold for billions of Hong Kong dollars.

In 1984, Hongkong Land incurred huge losses in a row, and Jardine Matheson was forced to sell a large number of overseas assets to keep Hongkong Land.

However, it is not yet an urgent moment, and due to diversified considerations and some political reasons, it is still unknown which of the assets of Hong Kong or overseas is more important in the minds of the Jardine Matheson Group.

It was also for this reason that the difficulties of Hongkong in 83~84 years were also due to this, until after the Sino-British negotiations, the future of Xiangjiang was clear, and Jardine Matheson shifted its focus back to Xiangjiang, coupled with the recovery of the real estate market and the reduction of loan interest, Hongkong Land successfully walked out of the shadow of the crisis.

"Since the chairman is sure, then I will immediately prepare to disburse this third batch of loans tomorrow. Yuan Tianfan nodded and said.

Xu Zhi said: "Yes, when I complete the transaction with them, I can allocate the funds, but you have to keep an eye on this money and don't let them put it on other projects." ”

"No problem. Yuan Tianfan agreed.

Xu Zhi continued: "During this time, all the real estate companies in Xiangjiang are not having a good time, and the same is true for banks, the current economic crisis has just begun, whether it is a real estate company or a bank, there is still some surplus food, but I estimate that by next year, some undercapitalized enterprises may be in trouble, especially banks, sometimes, a negative information can make some small banks go bankrupt!"

"Chairman, do you mean that we are going to enter the market in reverse?" Yuan Tianfan immediately understood what Xu Zhi meant, as early as when he took over the Bank of East Asia, he received an order to shrink the mortgage, although the Bank of East Asia also invested a lot of money to build branches, but did not carry out the simplest operation - the acquisition of other banks.

Yuan Tianfan got a reply to "wait", and obviously, now is the time.

Xu Zhi said with a smile: "Yes, I estimate that there will be a lot of twists and turns in the Sino-British negotiations, and the duration will not be short, let's just say that this Jianing Group, in fact, has been full of loopholes, our Bank of East Asia has the guarantee of the loan guarantee of Land, but other banks do not, as long as the Jianing problem breaks out and the panic spreads, the financial institutions in Xiangjiang do not know how much will be dragged to death in it." ”

Yuan Tianfan said: "I understand, I will keep an eye on all the banks and wait for the opportunity to move." ”

……

Early the next morning, Xu Zhi called Wang Liming and asked, "How many shares of Hongkong Land and Jardine Matheson do we currently have?"

"We have acquired 16% of Hongkong Land's shares, and I have acquired some of the shares of Jardine Matheson Group through a British investment bank, from some British shareholders, which is now almost close to 12%, and the share prices of Jardine Matheson and Hongkong Land have decreased a lot during this time, and I am already doing my best to buy, but there are not many outstanding shares in the market at present, and it is difficult to acquire enough shares. ”

During this period, in addition to dealing with the project in Tin Shui Wai, Wang Liming spent the rest of his time buying shares in some companies in Heung Kong for Xu Zhi, such as Sun Hung Kai Properties, New World Group, Wharf, Cheung Kong and other stocks, but these were all for investment purposes, and the only thing he fully acquired was the shares of Hongkong Land and Jardine Matheson, because this had a greater purpose.

Xu Zhi nodded and said: "Yes, it's better than I imagined, the current Jardine Land has formed equity mutual control, both sides hold close to 40% of each other's shares, and if you want to buy more shares higher than this in the stock market, it is basically impossible, you continue to acquire, magnify a little boldly, let them find out nothing, even if the people of Jardine Matheson find out that someone is hostile takeover, they can't do anything." ”

As early as 1981, the Hong Kong government promulgated a new Commercial Takeovers Law, which required a full takeover by any second largest shareholder reaching 35%.

The original major shareholder, the equity shall not be higher than 40%, once exceeded, but also put forward a comprehensive acquisition offer.

The premise of this law is that because British companies such as Hutchison, Yingzhou Qingni, and Wharf have been acquired by Chinese investors, the Hong Kong government, in order to protect the interests of British-funded consortiums, has deliberately revised the proportion of general takeover offers from 50% to 35%, which has increased the difficulty of hostile takeovers.

However, on the surface, British-funded companies also have to abide by this rule, because Jardine Land has reached the limit of the law and can no longer increase its shareholding in each other.

"It's true that Jardine Matheson can't increase its stake publicly, but I'm worried that it will cause a sharp rise in the stock price and increase our costs. Wang Liming said.

Xu Zhi shook his head and said: "It doesn't matter, as long as the ultimate goal can be successful, and as long as we don't make it public, then everything is done secretly, even if the stock price is high, it can't compare to the increase when we make it public in the future, on the whole, it is still cost-effective." ”

Wang Liming said: "Okay, then I'll arrange it immediately and strive to acquire more shares." ”

……