1993 Glamour at a Glance

Chapter 285
"Registered in Bermuda?"

Le Huimin nodded and drank his tea: "It took some time. I got this information from Horwath, their main partner accounting firm."

After assigning this "task" to him that day, Le Huimin worked very hard.

Song Yang sighed and continued to look.

"HSBC Group, Standard Chartered Group..." There was a meaningful smile on the corner of Song Yang's mouth, "The main business of the registration is property investment, financial services, and money lending..."

He shook his head.

In the 91 year of its establishment, it was indeed a stage in which foreign capital was extremely needed.

Five or six years have passed. How many holes are there in Huaguo Real Estate, which was registered and listed on Xiangdao by Hua Venture Capital and some foreign capital?

At least according to the information given by Shi Zhu, Huaguo Real Estate holds almost 6000 million shares in the off-plan buildings of the Giant Building, which is more than half of the total debt of the Giant Group's off-plan projects.

And Huaguo Real Estate exists in the form of a fund. Through its operation in Xiangdao, many ordinary citizens of Xiangdao may be involved.

Shi Zhu said that the main buyers of off-plan properties were from Xiangdao.After Zhu Ziqiang and the others communicated with Zhu Hai, they discovered that there was another subject in the main body, which was Huaguo Real Estate, which was related to Hua Venture Capital.

"What is the name of the executive you met? What position does he hold in Huaguo Real Estate?"

"It's called Qu'an, the director of the property management department." Le Huimin said bluntly, "It's just a part-time job, no shares."

"It's not easy..." Song Yang sighed lightly.

The company is registered in Bermuda, and the structure should be very complicated, and there are also large groups such as HSBC and Standard Chartered among the shareholders.

Although the major shareholder, Hua Venture Capital, is now on the list, it was not announced after all, and it did not deal with it immediately.

Song Yang's original idea was: take advantage of this opportunity of thinking that the stock market will be cut in half, and now buy a considerable proportion of shares in the secondary market.

Then, the more than 6000 million giant building off-plan debts held by Huaguo Real Estate is another card.In the face of the stock market crash, these more than 6000 million "bad debts" are difficult to do in the financial report.The performance is poor, how can the stock price rise back?Song Yang raised his card at that time, and then went to the board of directors to discuss the more than 6000 million matters.

But Huaguo Real Estate's shareholder composition is so complicated, and their hole is not limited to this one place.

According to the information given to him by Pan Sheng of the People's Bank of China, Hua Venture Capital has more than 17 billion bad debts, and Huaguo Real Estate has a small half of it, reaching more than 8 million.

This assessment is because they have already made a preliminary judgment: although the exchange rate of Xiangdao will be maintained, it is inevitable that the bubble in the stock market will be punctured.

The real estate, financial products, shares and even the debts invested by Huaguo Real Estate in Xiangdao are extremely risky.

Of course, if Hua Venture Capital continues to support and try to digest it behind the scenes, it is not impossible to survive.However, according to the current judgment, the original intention of Hua Venture Capital has deteriorated, and it will be an abscess that will be pierced.

In this way, the prospect of Huaguo Real Estate has been clearly seen: the risk has been transformed into bad debts.

"Young Master Song, what are you going to do?"

Song Yang put down the documents and tapped his fingers on the table lightly.

After pondering for a while, he said to Le Huimin: "In this way, I still need Huaguo Real Estate's other banks. I know ICBC and Wing Lung Bank. But Huaguo Real Estate's other sources of funds, whether it is other financial institutions or private funds , I have to figure out this part of the situation.”

"Song Shao, you have to let me know what the strategic goal is!"

Song Yang laughed: "His parent company, the big leader of Yanjing, wants us to take over the holding. Huaguo Real Estate itself can't affect too many local interests in Xiangdao and affect the stability."

Now Yue Huimin understands one of his "tasks" more clearly.

Is this a mission or a reward?Changing hands is a company listed on Xiangdao!

"I can make an appointment with the person in charge of HSBC and Standard Chartered in Xiangdao."

After hearing his words, Song Yang shook his head: "Don't worry about alarming them."

These two banks are British banks, each with a history of more than a hundred years, and their businesses spread all over the world.

Such a "small investment" of Huaguo Real Estate is only a small role in their business.

After several years of cooperation, it is obviously impossible for HSBC and Standard Chartered to invest in Huaguo's high-tech industries as Hua Venture Capital originally envisioned, and to make profits through long-term returns.

Didn't Pan Sheng say that?Illegal speculation in real estate and futures.

Who knows how deep the water is in it?Get as many details as possible first.

……

Xiang Sheng was indeed playing hedging.

In his opinion, since Song Yang came to Xiangdao with a lot of money and had a mission, and explained that this part of the action about Xiangdao was a long-term one, then it would be fine.

Xiang Sheng also believes that although Xiangdao has a sudden risk, it will definitely be better in the long run.

After all, Yanjing spent a lot of effort, and it is absolutely impossible to bring Xiangdao down.

So there is a long-term stable profit over there, but what about the short-term?Of course it was short.

What's more, I also got the view that "the foreign exchange market is worry-free, but the stock market is hard to say".

"Li Sheng." Today he made an appointment with Li Xian, a deputy director of the investment department of the Xiangdao Branch of HSBC Bank. Don't worry."

Li Xian looked at him meaningfully, and shook the foreign wine in the square cup he was holding: "After two months of observation, it seems that there is really no intention to make a big move to change the way. We are planning a new project here, news from Brother Sheng Very well-informed."

"It's all friends." Xiang Sheng smiled and clinked glasses with him, "Can you tell me? If I think it's okay, I can pledge 5000 million."

Li Xian's heart moved, but his face was calm: "Tell me what is it? With our HSBC signboard, isn't it enough?"

"Isn't it too windy right now?" Xiang Sheng talked about the reason, "Can you always talk about the investment direction?"

"The stock market." Li Xian said indifferently, "The wind is indeed strong, and shocks are inevitable. There should be opportunities to buy bottom."

"Then... before buying the bottom?" Xiang Sheng's eyes sharpened a lot.

"Brother Sheng, we are eating at Xiangdao." Li Xian had a smile on his face, his eyes were ambiguous, "Of course we can only do things that are beneficial to the stability of Xiangdao."

"That's true." Xiang Sheng asked again, "Are you buying the bottom? But, is it accurate?"

"Brother Sheng, we are professionals."

The two smiled and looked at each other, and then the corners of their mouths turned up and they clinked glasses.

"Waiting for news from Li Sheng!"

Xiang Sheng knew that they were indeed professional, but on the surface, it was better to listen to these nonsense in reverse.

Those international hot money want to empty Xiangdao, where do the fragrant coins come from?It's not borrowing from big banks and big financial institutions like Xiangdao.

Based on his understanding of people like Li Xian, how could he not eat the meat in front of him?

A bite to follow is for sure.As for bottom-hunting, such "professionals" can naturally judge and even control the bottom.

Even if there is a deviation, the difference is not much.

Once there is a request from Yanjing or the Xiangdao Financial Management Bureau, the prophets will go to these big banks.

Xiang Sheng, who consciously counts as exhaustive, is completely at ease now.

Regardless of how much wind and rain there will be in Xiangdao, he has already settled all the assets he has accumulated over the years.

Li Xian is indeed planning a new fund, and the direction of investment is the Hong Kong Island stock market.

"Brother Han, do you have a plan for the new shares that Huaguo Real Estate will issue, as well as those financial products packaged with debt?"

He contacted Han An, the executive director of Huaguo Real Estate.

"It's all already discussed. What is Director Li worried about?"

"Brother Han, I can participate in the subscription. But after the funds are raised, Mr. Jin is very concerned about our loans."

"Don't worry, it must be on time. I still want to pledge the equity into cash as soon as possible."

With a smile on his face, Li Xian continued to contact more people after exchanging pleasantries with him.

Before the storm hit Xiangdao, the Eight Immortals showed their magical powers across the sea, and those with connections were all thinking of ways to avoid danger and even cut leeks.

Only a large number of stockholders look at the curve that is fluctuating at a high level, glance at the curve that has been rising in the past few years, and hope that the Xiangdao stock market will continue to climb to new heights after the smooth transition.

……

In addition to stocks, the financial market also has a vast number of financial derivatives.

This field is something ordinary people dare not touch easily, but it has also become a space for many professional organizations to carry out covert operations.

In this regard, Song Yang also doesn't know much about it.

He only saw "himself" being promoted as a good news for Huaguo Real Estate.

It is the takeover of the Giant Building.

As the main owner of the off-plan buildings of the Giant Building, Huaguo Real Estate did not buy those off-plan buildings for the purpose of using office buildings in the future, it was pure investment.

After the giant group hangs up, if there is no new receiver, the more than 6000 million yuan will undoubtedly become bad debts, which is a failed investment.

Even if some money is finally recovered after years of lawsuits, it will no longer be able to cover the capital cost, let alone investment profits.

Now, the Giant Building actually has a receiver.

And the party who took over has a lot of background.

Song Yang had some reputation in Xiangdao before, but it was mainly because of the story with Zhou Huiya. In the eyes of ordinary people, Song Yang's identity is a "music genius", "the boss of an advertising company", and a creative talent.

But now, focusing on the prospect of Huaguo Real Estate stock, financial experts have interpreted Song Yang as: one of the behind-the-scenes bosses of Sanyou Electronics, a hot new electronics company in Huaguo, also has a strategic cooperation with Aigao Electronics; One of the behind-the-scenes bosses of Chunya Investment, which has carried out strategic cooperation with Tongtong and is still laying out the software Internet in an all-round way.

The glorious achievements in the past have proved his ability, so now that he can take over the Giant Building, do you think the off-plan project of the Giant Building is worth it?
In addition, Song Yang also went to Xiangdao specifically, is he also optimistic about the potential of Xiangdao?

Seeing these news, Song Yang couldn't laugh or cry.

Damn, it was sold.

Before the storm came to Xiangdao, amidst the chaos of news, Leek would only choose what he believed.

Song Yang couldn't help contacting Pan Sheng: "Leader, Huaguo Real Estate has issued new shares at this threshold, and is still deliberately raising the stock price. Did your previous routine audit make them vigilant? This made my difficulty even worse. "

"...Mr. Song, if you suggest following your plan, we won't be able to intervene first."

"I don't think this operation is right." Song Yang just said, "According to the analysis of my team, there is no reason for the shareholders of Huaguo Real Estate not to know the risks involved. Now the traces of deliberate hype are too obvious. After cashing out at a high position, maybe I just ran away. I originally had a plan, but if this is the case now, we don’t know how complicated the situation needs to be sorted out.”

"But it hasn't been deployed yet." Pan Sheng paused, "Besides, it's a critical juncture and we must take the overall situation into consideration. We must wait until next spring and summer to really deal with the financial system."

Song Yang understands, it's a big change.

However, Huaguo Real Estate issued new shares and packaged some financial derivatives with creditor's rights and some assets. The situation became more and more complicated.

"Then I have to make a request." Song Yang said after thinking for a while, "Since ICBC on Xiangdao is one of their main lending banks, I would like to take over the creditor's rights of Huaguo Real Estate owned by ICBC first."

Pan Sheng only thought for a while before answering him: "Okay, I'll coordinate."

For undue loans, if Song Yang buys the debt in advance, ICBC will naturally lose some interest income.

After Song Yang finished talking with him, he looked at the new information that Le Huimin, Shi Youming and even Lin Jin had collected for him.

Huaguo Real Estate invested in a lot of assets. With so many assets, they have successively obtained cash through various financial institutions as mortgages to continue to expand operations and maintain operations.

Let's start with debt.

But it needs to be hidden.

Needless to say, ICBC, Pan Sheng will make arrangements so that Huaguo Real Estate will not be able to detect it soon.

So Song Yang called Le Huimin again.

"Come forward." Song Yang said, "I'll pay the money, and you take a shell out."

It is not easy for the people who have a lot of friends in Xiangdao to buy some debts in this chaotic time.

This is how Song Yang's actions against Huaguo Real Estate started.

Now that it has been mentioned that some people may cash out and flee, Song Yang believes that Pan Sheng will make arrangements.

Now, with the help of HSBC's brand, Li Xian has accumulated a huge sum of money from private large-amount subscriptions to retail fundraising in the bank's customer system.

This fund was used by him to subscribe for a lot of new shares of Huaguo Real Estate, and also invested some in the secondary market, as well as some futures and derivatives, which seemed to be a normal fund investment operation.

Through the prosperous financial industry of Xiangdao, a city known as one of the "Asian Financial Centers", through many channels, including Huaguo Real Estate, many shares of listed companies have been scattered and pledged.

Behind the inextricable relationships, it is inevitable that they will eventually gather in the hands of some caring people.

Individuals, shell companies, large organizations... Just like Song Yang asked Le Huimin to come forward, Li Xian also came forward through many agents.

Every so-called stock market crash is mostly just a disaster for retail investors and the founding teams of some companies.

But it's a feast for those with a heart.

After each financial turmoil, some large companies seem to be still there, but in fact they have changed new owners.

Many people are quietly waiting for this storm to come to Xiangdao.

Song Yang is no exception.

(End of this chapter)