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On 27 October 1983, Hongkong Land's major partner, Jianing Group, announced that it had a short-term cash flow problem. Pen, fun, and www.biquge.info

Later, it was liquidated by the banks.

On November 2, another major real estate friend of Hongkong Land, Yida Investment, also announced a debt restructuring.

After that, only Hongkong Land was left to fight alone, and its predicament can be imagined.

In mid-January 1983, Xu Cun finally gave He Chaoqiong and Yuan Tianfan an order to make Hongkong even worse -- Xu Cun asked He Chaoqiong and Yuan Tianfan to sell the stocks they had gambled with Hongkong Land, and ordered them to sell all the stocks they had gambled with Hongkong Land before the Chinese New Year, that is, before February 12.

Xu Cun's order caused the stock of Hongkong Land, once the king of the real estate industry, to drop sharply, and also caused Hongkong Land's debts to increase sharply - in just a few days, Hongkong Land became the largest debtor company in Hong Kong, and was nicknamed the "debt king".

By early February, Xu Cun had withdrawn more than 5 billion Hong Kong dollars in cash from the stock market, and Xu Cun still had about 5 billion Hong Kong dollars worth of Hongkong Land shares, and Hongkong Land's total debt had soared to 16 billion Hong Kong dollars.

If Xu Cun continues to sell Hongkong Land's shares, Hongkong Land will have to deal with its assets at a low price to pay off Xu Cun's debts in order to avoid debt restructuring.

Actually,

Hongkong Land has been dealing with assets in the shadows for a long time.

A few months ago, Hongkong Land secretly placed 72 million Jardine shares at HK$12.3 per share, cashing out HK$860 million, reducing Hongkong Land's shareholding in Jardine Matheson from 42.6% to 25.3%. At the same time, Jardine Matheson also reduced its shareholding in Hongkong Land from 30% to 25%.

Some time ago, Jardine Securities purchased 12.5% of the shares of Jardine Matheson from Hongkong Land for 2.78 billion, which further reduced Hongkong Land's shareholding in Jardine Matheson to 12.5.

In other words, Hongkong Land, which only holds 12.5% of the shares of Jardine Matheson, is about to become a subsidiary of Jardine Matheson.

On February 2, Jardine Matheson Chairman Nurtures and Hongkong Land's Managing Director and General Manager Bao Fuda approached HSBC Chairman Sim Bik and the newly appointed Governor of Hong Kong, Sir Youde, to negotiate with Xu at HSBC's headquarters.

Nine o'clock in the morning.

Xu Cun took He Chaoqiong, Mei Aifang, Yuan Tianfan, Tu Weiguo, and Wang Xuejie to Shen Bi's office at HSBC headquarters on time.

No one who is late for big things - when Xu Cun and his party arrived at Shen Bi's office, Shen Bi, Niu Bijian, and Bao Fuda were already there.

Seeing this, Xu Cun said politely: "I'm sorry, I'm late." ”

Shen Bi glanced at Xu Cun's extremely young face, and said with a smile: "It's us who came early." ”

Shen Congbei, a British, graduated from St Edward's College, Oxford, and during his tenure, HSBC's profitability grew rapidly, and its business development reached its peak.

In 1979, Shen Congee sold all of the ordinary shares of the British-owned Hutchison Enterprises held by HSBC to Cheung Kong Asset.

In 1980, Shen Congee used HK$2 billion to support Pao Yugang's purchase of a controlling stake in Wharf, and successively recruited a number of Chinese members such as Li Ka-shing and Tang Lianru to the board of directors of HSBC.

In 1985, Shen Congee spent 5 billion Hong Kong dollars to build the HSBC head office building, and spent 3.1 billion U.S. dollars to buy 51 percent of the equity of Ocean Millan Bank in the United States.

Shen Congee has a great face in Xiangjiang, and even Xu Cun owes Shen Congee favors (Xu Cun's two loans from HSBC were specially approved by Shen Congee).

It is precisely because of this that Xu Cun sold the face of Shen Congee and the new Hong Kong Governor You Min, suspended the sale of Hongkong Land's shares, and sat down to talk to Niu Bijian and Bao Fuda.

At this moment, Niu Bijian and Bao Fuda were eager to tear Xu Cun apart and eat it piece by piece, but they had to beg Xu to save them.

Based on this complex psychology, Niu Bijian and Bao Fuda invariably showed a stiff smile to Xu Cun that could no longer be reluctant.

And Xu Cun showed a sincere smile at the seven or eight billion Niu Bijian and Bao Fuda who gave him seventy or eight billion yuan.

After a while, Governor Yau Min also arrived.

You Min Chong stood up to greet him, Xu Cun and the others nodded slightly, and then sat down in the main seat that everyone had left for him at the negotiation table.

After sitting down, You Min said to Xu Cun straight to the point: "Mr. Xu, for the sake of me and Shen Congee's face, can you give Centennial Land a chance?" ”

Xu Cun glanced at Niu Bijian and Bao Fuda, and said to You Min: "Then it depends on what Mr. Niu Bijian and Mr. Bao Fuda use to impress me." ”

Yu Min didn't say anything more, he looked directly at Niu Bijian and Bao Fuda.

Bao Fuda took a deep breath and said, "Mr. Xu, I don't know if you are interested in investing in Hongkong Land?" ”

Xu Cun didn't even think about it and said, "I'm not interested." ”

Xu Cun's answer was too much surprise to Niu Pijian and Bao Fuda - you must know that Hongkong Land has a large portfolio of high-end commercial buildings in a prime location in the central banking district of Hong Kong's economy, and is known as the 'crown jewel' of Hong Kong Real Estate. Controlling Hongkong Land, it can be called the 'king of kings' in the real estate industry in Hong Kong.

Bao Fuda didn't believe that Xu Cun was not interested in taking a stake in Hongkong Land, so he said leisurely: "Mr. Xu, I dare to guarantee that if you want to become a shareholder of Hongkong Land, you only have this one chance in your life!" ”

Xu Cun ignored Bao Fuda's self-righteousness, but nodded at You Min and Shen Congee respectively, and then said to Niu Bijian and Bao Fuda: "For the sake of the face of the Governor of Hong Kong and Mr. Shen Congee, I will give Hongkong Land a chance...... As long as you give me three things, I will return my land shares to you. ”

Niu Bijian asked Xu Cun in a deep voice: "I don't know what the three things Mr. Xu said?" ”

Xu Cun stretched out a finger and said, "First, the king of the land by the sea on Hong Kong Island." ”

Hearing the first thing Xu Cun wanted, the faces of Niu Bijian and Bao Fuda changed dramatically at the same time - if they can get out of the current predicament, the land king who is in the most prime location on Hong Kong Island can at least earn tens of billions of profits for Hongkong Land. In the previous life, Hongkong Land sold 34.9% of the shares of Heung Kong Telephone and HK Electric Group, but was reluctant to sell the land king on the beach on Hong Kong Island, and later Jardine Matheson Group made extremely huge profits by building a trading square on the land king. This shows the value of the land king by the sea on Hong Kong Island.

Xu Cun didn't seem to see the expressions of Niu Bijian and Bao Fuda, and stretched out a second finger and said: "The second is the land in the old wing of the Miramar Hotel in the central tourist area of Tsim Sha Tsui." ”

The old wing of the Miramar Hotel in the central tourist area of Tsim Sha Tsui, which was purchased by a consortium of Hongkong Land and Jianing for 2.8 billion yuan, is also a treasure lot, and its value is even higher than that of Admiralty 2.

The only pity is that Hongkong Land only has a large part of the old wing of the Miramar Hotel, and the other small part of the old wing of the Miramar Hotel originally belonged to the Jianing Group, and due to the bankruptcy of the Jianing Group, the part of the old wing of the Miramar Hotel that originally belonged to the Jianing Group is waiting to be auctioned.

Hearing that Xu Cun still wanted the old wing of the Miramar Hotel, Niu Bijian and Bao Fuda were pre-violent!

Fortunately, even if they have experienced strong winds and waves, Niu Bijian and Bao Fuda still have a little consciousness of being fish - after they each took two deep breaths, they invariably chose not to speak out.

Xu Cun, who stretched out his third finger, smiled slightly and said, "Don't worry, the third thing won't make you feel pain, and the third thing is the 2.4% stake in Phoenix Terrace held by Jardine Group." ”

……

(To be continued.) )