Chong Sheng 1977Nian Cong Zhi Qing Kai Shi

Chapter 298 Carrian's Destruction

After shopping in Kabukicho until more than nine o'clock, Nan Yi left and went to the izakaya of Shibuya Hagiwara Sayuri.

For some reason, Nan Yi felt that it was very easy to chat with Sayuri Hagiwara, so he was very willing to sit in Sayuri's izakaya.

When he opened the sliding door and entered the izakaya with his head bowed, Nan Yi saw that the atmosphere here today was a bit strange. Inside, a middle-aged man in his fifties was looking at a young man in his thirties. With a wave of vigor, this posture looks like two top masters are dueling, and both sides are looking for the other's flaws.

These two are probably well-known people in a certain field. Nan Yi saw other customers in the store gathered together to discuss in a low voice, and each of them stared at the two people who were looking at each other, and there was a little admiration in their eyes. .

Nan Yi walked to the bar and waved to Sayuri Hagiwara.

Sayuri Hagiwara walked to Nanyi, leaned forward, and put her ear next to Nanyi's mouth.

"Who are these two? Actors or singers?"

"Neither, the older one is called Kojima Takeo, the president of the Japanese Professional Mahjong League, and the younger one is called Sakurai Shoichi, a very powerful professional mahjong master."

"Professional mahjong?" Nan Yi was stunned for a while, and asked, "There is still a professional mahjong game?"

"Yes, Yongwei-kun doesn't know?"

"I hate everything related to gambling, and I don't care about it. Is professional competition the same as competitive competition, and you also participate in competitions to get bonuses?"

"There doesn't seem to be much prize money in the competition, and those mahjong masters make a living by acting as substitutes."

"Help the rich to play games?"

"No, it's to help the clubs of the Sumiyoshi Association. It seems that there will be a mahjong match between different clubs, and the disputes will be resolved by winning or losing mahjong."

"oh."

Nan Yi responded, expressing his disbelief in Sayuri Hagiwara's words. Resolving disputes and dividing interests by playing mahjong is not as reliable as rock-paper-scissors.

He speculated that mahjong competitions might be held among associations, and then they would engage in peripheral quizzes to make money. Essentially, they were gambling on the bank, but the props were special.

In an instant, Nanyi lost interest, Nima, two gamblers are pretending to be masters here.

"Master, I'll cut off your left hand if you win, your right hand if you lose, and both hands will be chopped off in a draw. I'd like to see how good you are..." Nanyi complained in his stomach, and said to Hagiwara Sayuri Said, "Give me a bottle of ginger beer with ice."

"Okay, Nagao-kun, wait a moment."

Nan Yi was waiting for Sayuri Hagiwara to serve the wine, when the school belle suddenly leaned into his ear and said, "President, I saw Zhong Zhengwen outside."

"Zhong Zhengwen?"

Nanyi remembered that on September 26 last year, Carrian announced its interim results, with a profit of 270 million Hong Kong dollars, an increase of 2.75% over the previous year, and announced an interim dividend of 1.2 cents per share.

However, on October 26, Carrian suddenly and rarely announced that it would cancel the interim dividend and replace it with one bonus share for ten, and at the same time issue 500 million preferred shares to raise HK$500 million.

This move actually exposed Carrian's predicament, and the stock price plummeted immediately, dropping 30% in one day, from 1.52 Hong Kong dollars per share to 1.02 Hong Kong dollars. Affected by this, the Hong Kong stock market also fell sharply by 9.48%, and the 800-point mark, which is regarded as a "solid line of defense", easily fell below the 800-point mark, and the total stock market value lost 13.2 billion Hong Kong dollars.

Later, Zhong Zhengwen's Yida Investment announced its liquidation in November, and Zhong Zhengwen also fled Hong Kong in a hurry, leaving 2.1 billion Hong Kong dollars in debt and 1.6 billion Hong Kong dollars in other loan guarantees. His son went to Hong Kong in accordance with Hong Kong money and debt laws. Stanley went to study.

After Yida Investment was liquidated, Carrian's truth was completely exposed: as early as October last year, Chen Songqi knew that Yida had borrowed a bank loan of up to 1 billion Hong Kong dollars. Calculated proportionally, Carrian's debts were at least as large as this amount. As big as Carrian's shadow.

Therefore, the China Securities Regulatory Commission rejected Carrian's plan to raise funds through rights issues and conducted an investigation into Carrian's finances.

On January 2 this year, Carrian Group announced that its three listed companies, Carrian Real Estate, Vinda Shipping and Chang Life Insurance, would suspend their listings, restructure their debts, and cancel the plan to issue HK$500 million preferred shares;

Instead, it is suggested that the parent company, Carrian Group, inject HK$250 million in capital, and that HSBC, under certain conditions, provide a secured current overdraft of HK$250 million to Carrian.

On February 6, Carrian announced the appointment of Heng Bao Finance and Huo Duoli as representatives to discuss the restructuring plan with creditors including more than 70 banks and finance companies.

Carrian even hired former vice chairman of HSBC John Bao from Eagle Country as a creditor bank representative with a monthly salary of 100,000 Hong Kong dollars to join Carrian's board of directors.

Carrian's debt restructuring was drafted in accordance with the principle of substituting shares for debts, and the debts were reduced by selling its subsidiaries.

Originally, this plan had little chance of success, and during this period, a murder case happened suddenly, which completely shattered Carrian's hope of reorganization.

On July 18, Ibarahi, the assistant manager of Yumin Financial Company, was strangled to death in a guest room of the Regent Hotel, and was smuggled to a banana forest in the New Territories and abandoned.

The murderer left obvious clues, and the police soon arrested a man surnamed Mai.

The man later admitted that he was only responsible for the disposal of the corpse, and pointed out that the murderer was another person, who was ordered by Chen Songqi to commit the murder.

Ibarahi's death led to the police's search of U-Min's Finance, and it was found that Carrian's subsidiaries had huge debts to U-Min's Finance. The relevant debt was as high as 540 million U.S. dollars, and it did not match Carrian's accounts.

At this point, the truth about Carrian’s huge source of funds came to light. It did not come from the wealthy overseas Chinese in Southeast Asia, nor did it come from the support of Mrs. Marcos from the Philippines, nor did the People’s Bank of Moscow stand behind it, but from a financial company in Malay.

Umin Finance is a wholly-owned subsidiary of Umin Bank, a major bank with international operations.

Because the Hong Kong government froze the issuance of banking licenses, U-Ming Bank established a deposit-taking company in Hong Kong as a subsidiary company, named Malaysia U-Ming Finance Co., Ltd.

In 1979, U-Man Finance had established a cooperative relationship with Carrian, and it was with the full support of U-Man Finance that Carrian launched large-scale expansion activities.

So far, the myth has been debunked.

Carrian Group owes debts of more than 10 billion Hong Kong dollars to financial institutions such as Yumin Finance, HSBC, and Dolly. Chen Songqi and Yumin Finance attempted to conceal Carrian's total liabilities, especially the over HK$4 billion in arrears owed to Yumin Finance, in order to allow the restructuring to proceed.

A few days ago, the Hong Kong police had launched a search operation against Carrian Group and obtained more than one million documents. Chen Songqi has not been arrested yet, but according to the news from Nanyi, it should be soon.

Chen Songqi is in a state of desperation now, and he probably never thought that he would come to take revenge on Nanyi.

"Are you alone?"

"Yes, it's a person. It looks like he's out looking for something to eat. He's sitting next door now."

"Well, let someone follow along."

"clear."

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