Started from Hong Kong Island

Chapter 406 404 [Zhuang Brothers]

After checking the information provided by Huang Lixin, Li Wendi found that the information was not very detailed, so he called the actual manager of Junfu Jewelry Company and asked him to quickly check and record the information of Xie Liyuan Gold Shop Company in detail.

The information provided by Huang Lixin described in detail how Xie Liyuan Gold Shop began to use the leverage of Hang Lung Bank to speculate in gold when the gold price reached its peak in 80, and owed Hang Lung Bank a huge loan of 4.3 million yuan. Of course, it is now insolvent.

Li Wendi certainly would not take out 4.3 million yuan in cash to save Xie Liyuan Gold Shop. After all, if he really wanted to save Xie Liyuan Gold Shop, 4.3 million yuan would not be enough. He might need 5 million yuan in cash.

The current asset value of Junfu Jewelry Company is barely 5 million yuan. How can it save Xie Liyuan Gold Shop? Once it takes action, it may run into problems itself.

Junfu Jewellery Company Office

Hu Chao, the former business department manager, has been promoted to deputy general manager by Li Wendi. The company's daily affairs are presided over by Hu Chao, who holds great power.

"Boss, this is the latest information about Xie Liyuan Gold Shop. According to internal news, Xie Liyuan Gold Shop will declare bankruptcy in a few days." Hu Chao said seriously. He felt that the boss wanted to acquire Xie Liyuan Gold Shop, but at this time Xie Liyuan Gold Shop was a pit, a big pit that could bury Junfu Jewelry Company.

"Apart from the 4.3 million yuan debt from gold speculation leverage, does Xie Liyuan Gold Shop have any other problems?" Li Wendi asked, glancing at Hu Chao.

"There are still some scattered debts, about 9000 million yuan. Even if Xie Liyuan Gold Shop goes bankrupt and liquidates, the boss behind the scenes can only pay back one-third of the debt." Hu Chao explained.

"If the company uses 2.5 million yuan to settle the debt of Xie Liyuan Gold Shop and acquire Xie Liyuan Gold Shop, do you think it will be beneficial to the company?" Li Wendi asked.

"It is beneficial, but the company does not have that much cash, and the acquisition needs to be done immediately. The current environment is not good, and gold is about to be hyped up. Negotiations with Hang Lung Bank will probably be more difficult." Hu Chao said worriedly.

Li Wendi smiled. He knew that Hang Lung Bank was about to be run on and was in a desperate situation. Even if gold prices were hyped up, it would not save Hang Lung Bank and Hang Lung Bank would not be able to stand up.

Soon, Li Wendi also obtained the information document on the current situation of Hang Lung Bank.

The biggest problem facing Hang Lung Bank right now is that a sum of 2.66 million yuan was illegally borrowed by the company's directors, and the bankrupt Dainai Finance Company still owes Hang Lung Bank nearly 8 million yuan in debt.

Both debts were concealed by the senior management of Hang Lung Bank, and even some shareholders were unaware of them.

Calculated in this way, the debt of Xie Liyuan Gold Shop is not the most important debt.

So, Li Wendi asked Hu Chao to help him make an appointment with Zhuang Rongkun and Zhuang Qingquan, the people in charge of Hang Lung Bank.

Hilton Central Hotel

Li Wendi met with the Zhuang brothers, who hold 80% of Hang Lung Bank's shares, in a private room. "Hello, Mr. Zhuang! I am Li Wendi."

The Zhuang brothers are overseas Chinese businessmen in the Philippines. They own a large number of industries in the Philippines, including a rubber manufacturing company with strong assets. They are a family with considerable assets.

"Hello, Mr. Li! I've heard a lot about you!" the Zhuang brothers said in unison.

After Li Wendi and the other two sat down, he smiled and said, "I asked you two out because of Xie Liyuan Gold Shop. I want to acquire this company, but I have some objections to its debt to Hang Lung Bank." "According to my investigation, even if Xie Liyuan Gold Shop goes bankrupt, Hang Lung Bank will not be able to get the full repayment, probably only 2 million yuan at most. I wonder if I am right?"

Li Wendi said so much just to tell the Zhuang brothers that he was here to acquire Xie Liyuan Gold Shop, not to repay the debt for Xie Liyuan Gold Shop.

"Mr. Li, you want to acquire Xie Liyuan Gold Shop, but you don't want to assume the debt. This is unlikely to happen." Zhuang Rongkun said with a cold face.

"Don't be anxious! You two can take a look at this document first, and we will talk slowly." Li Wendi gestured to Hu Chao, who immediately handed the document to the Zhuang brothers.

The faces of the Zhuang brothers gradually turned pale. This was the core confidential information of Hang Lung Company. Who exactly betrayed the bank?

However, they forgot that Dali Financial Company had gone bankrupt and liquidated, and the information was no longer confidential.

"Mr. Li, if the news of taking advantage of someone's misfortune gets out, I'm afraid you will be embarrassed." Zhuang Rongkun said gritting his teeth.

"It may not be taking advantage of someone's misfortune. If Xie Liyuan Gold Shop goes bankrupt, I can still take it over. It just takes more time and effort. Does Hang Lung Bank still have the strength to save Xie Liyuan Gold Shop?" Li Wendi laughed.

"Mr. Li, please tell me your conditions." Zhuang Rongkun gave in.

"My terms are very simple. I will use 5000 million to settle all the debts of Xie Liyuan Gold Shop to Hang Lung Bank, and all the shares of the Xie family held by Hang Lung Bank will be transferred to me." Li Wendi saw the Zhuang brothers gritting their teeth and continued, "You two may think that Hang Lung Bank can still turn around. You are now looking for big banks to raise funds to save Hang Lung Bank. Can you hide these two bad debts from their inspection?"

"If I were you two, I would quickly find a way out to protect the family's assets and reduce the family's losses, rather than saving Hang Lung Bank."

Hearing this, the Zhuang brothers looked at each other. Li Wendi's words made sense. It was not that they could not think of it, but they had wanted to save the Hang Lung Bank, which had cost them countless new resources, from the very beginning. However, this was already a bank that could not be saved.

“Instead of struggling to hold on and wasting other family assets, it is better to sell it early. Maybe we can make some money and leave.” Li Wendi laughed.

"Mr. Li, let's go back and discuss this matter. We will give you a reply in a few days." Zhuang Rongkun said thoughtfully.

"Two days, just give me news by this time the day after tomorrow." Li Wendi was not worried about what tricks these two guys would play. As long as the news of the 10 billion yuan in bad debts leaked out, he believed it would be enough to make most of the banks stand idly by and let Hang Lung Bank die.

"Okay!" Zhuang Rongkun nodded.

The Zhuang brothers' carriage
Zhuang Rongkun's face was extremely solemn and he said nothing, as if he was thinking about how to maximize the interests of the family.

Zhuang Qingquan lost his temper. "Li Wendi is simply taking advantage of the situation. He came here to reap the benefits even though he knew that Hang Lung Bank was about to collapse. The rumors outside are absolutely correct. Li Wendi is a hungry wolf."

Zhuang Rongkun glanced at Zhuang Qingquan and said, "Whether Li Wendi is a hungry wolf or not has nothing to do with us. Li Wendi is right. Even if he doesn't come to take advantage of the situation, there will be others. It's just a matter of time."

"Brother, do you really want to give up Hang Lung Bank? That is our foundation in Hong Kong, we can't give up." Zhuang Qingquan hurriedly stopped him.

(End of this chapter)