Rebirth of the Financial Crisis Sweeping the World

  Chapter 183 183 Investment Bank was acquired by Wang Guanxi Cabbage Price

  After talking on the phone for ten minutes, Feng Shaokun spoke to Wang Guanxi and said, “Wu Zhanhai and the others are completely finished.

  This time, Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei are in the four-member group, it is really over.

  The Wing Lung Investment Bank has just been successfully established, but this time Wu Zhanhai and others have all lost the company’s own assets and repaid the debts. Now the money is not repaid.

  It’s really sad to borrow money everywhere.

Moreover, the four people also mortgaged real estate, various listed company stocks, and mobilized 900 million Hong Kong dollars to buy the Hang Seng Index, but the Hang Seng Index plummeted, so they borrowed another 300 million Hong Kong dollars in loan sharks. Now Wing Lung Investment Bank is listed on the Hang Seng Index. The position is liquidated, and the debt is insolvent!

  And they are also personally in debt.

  Hurrying to borrow money and sell assets, but the assets under their names are also shrinking. Many of them are real estate, which is very difficult to sell. This is the end.

  Thinking of this, Feng Shaokun said: “This has just established an investment bank with client assets of 20 billion Hong Kong dollars. If we continue to do it well, it is possible to achieve a net profit of 50 million Hong Kong dollars a year. It is a pity that they like to invest by themselves, and they have suffered a loss.

  Wang Guanxi smiled and said: “The four of them just don’t want to be honest in the brokerage business”

  These four guys are finished this time, but no matter what Wang Guanxi is doing, Wu Zhanhai is still a member of the Wu family, this time it is really **** mildew, and the family may not give it to him.

  The Wing Lung Investment Bank is insolvent, and only client assets are left, but the client assets belong to the client.

  It is like 20 billion Hong Kong dollars of customer assets, which are all money in the stock accounts of retail investors, which can be withdrawn by retail investors at any time.

  With 20 billion customer assets, it can only be said that the commission income that investment banks can obtain in the future.

  If the client's daily transaction volume is large, then the investment bank commission will be more.

  If the customer withdraws money, or where the funds are sinking, and does not trade, then the commission of the investment bank will be very small.

  Wing Lung Investment Bank has 20 billion Hong Kong dollars in customer assets, but one year’s commission income, plus other income, and deducting costs and expenses, the net profit is actually not much.

  Just like Feng Shaokun said, if the four of them honestly do brokerage business and earn a net profit of more than 50 million Hong Kong dollars a year, it is completely fine.

  Stayed at Wing Hang Securities for another hour, Wang Guanxi said: "Let’s go, Brother Feng, let’s have dinner"

   "I treat you, you can find a restaurant at will"

"Okay"

  "You made so much today, eat something sweet"

  Then the two went to dinner.

  After dinner, Wang Guanxi returned home and his phone rang.

It was discovered that Wu Zhanhai was calling. Wang Guanxi also knew that Wu Zhanhai was here to borrow money. After thinking about it, he still connected. Before Wu Zhanhai could speak, he said: "Brother Zhanhai, I can't mobilize funds now. what"

  This Wu Zhanhai borrowed money everywhere, but he did not expect to find himself.

  On the phone, Wu Zhanhai said: "Guanxi, my brother is really short of money. Now he mortgages real estate, stocks, and real estate, and he can’t sell it. He still owes a bad debt. I don’t know what to do."

  This time the establishment of the Wing Lung Investment Bank, the four people pledged their real estate, listed company stocks, and other real estate, and raised 900 million Hong Kong dollars to go long the Hang Seng Index.

  It's okay if the leverage is small, but if the leverage is 100 times, they have lost a lot.

  Because the deposit was not enough, I took another 300 million Hong Kong dollar loan. This is a loan shark. The four of them jointly provided a loan guaranteed by the Wing Lung Investment Bank.

  Now that the Wing Lung Investment Bank has liquidated its position, they are not even worth the 300 million Hong Kong dollars, not counting the bank loans.

  Now that boy Yuan Kang is here to collect the debt.

  First, take Wing Lung Investment Bank, and second, continue to collect debts from the four of them, because they signed a personal guarantee agreement when they re-loaned.

  The current funds of Wing Lung Investment Bank are not enough to return Yuan Kang!

  It's scary to think about it!

  This time the Wing Lung Investment Bank liquidated its position and left 200 million Hong Kong dollars in cash, but Yuan Kang had to pay 300 million Hong Kong dollars.

  The daily interest rate is also high. The monthly net income of the entire Wing Lung Investment Bank may not be enough to give Yuan Kang the interest of 12 million.

  Now that Yuan Kang wants to take away the Wing Lung Investment Bank, he still asks them to recover nearly 100 million Hong Kong dollars!

  The four of them will each bear 25 million Hong Kong dollars!

  But they were already heavily in debt. They mortgaged their real estate, stocks, and real estate to the bank, and owed money to the bank. There was still money to return to Yuan Kang.

  Now Yuan Kang didn’t know where to find out when they were finished, he was anxious to take away the Wing Lung Investment Bank, and then continued to ask them to collect debts.

  He did not look for Wang Guanxi this time to borrow money, but for Wang Guanxi to acquire Wing Lung Investment Bank and assume the debts of Wing Lung Investment Bank.

  So the four of them can get rid of Yuan Kang's debt collection.

  After all, Wing Lung Investment Bank is also a golden egg, with 20 billion Hong Kong dollars in customer assets.

  If you run well, you can earn at least 50 million Hong Kong dollars a year in net profit, right?

   Thinking of this, Wu Zhanhai said: "Guanxi, are you interested in acquiring Wing Lung Investment Bank?"

  Wang Guanxi smiled and said: "Brother Zhanhai, yes, I will arrange for the legal company to go to the Wing Lung Investment Bank to review the assets, and then determine the price at that time."

  Before, Wang Guanxi had the idea of ​​using Wing Lung Investment Bank, but he did not expect that now the opportunity came and he had to kill him.

   "Okay, that's it now" Wu Zhanhai was very anxious on the phone.

  So Wang Guanxi called Liu Zhonglun, the chairman of Heishan Legal.

  Now the larger the size of the black shirt legal company, the larger the size, GBE Entertainment Group, the black shirt insurance company has a lot of legal issues, and a large number of orders are handed over to the black shirt legal company.

   Liu Zhonglun said: "BOSS, what's the matter?"

  Wang Guanxi said: "Liu Dong, arrange for someone to follow me to Wing Lung Investment Bank to review assets"

   "Ok, BOSS"

Soon Liu Zhonglun, Xue Feng, Vincent Ayers, Hamada Matsumoto, Simmons, Davidson, Yin Feihong, Lin Guochang, Kuang Zhaoqiang and other nine members of the board of directors of the black-shirt legal company came to Wang Guanxi and brought his assistants. .

  Wang Guanxi smiled and said, "Dong Liu, how come people come?"

  "BOSS, this time I am reviewing the assets of Wing Lung Investment Bank. Naturally I have to find out clearly"

   "Okay, let's go"

  A top-notch team soon came to Wing Lung Building.

  Black Shirt Insurance Company is also here, and Wing Lung Investment Bank is also here.

  Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei have been waiting here for a long time. Seeing Wang Guanxi here, they immediately greeted him in a hurry.

   "Guanxi, you are finally here"

   "Oh, it's finally here"

   "Hurry up and review the assets"

   "Oh, the price is higher"

  Now Wang Guanxi brought a group of lawyers, accountants, and auditors here, and their hearts are under great pressure!

  Those guys, that really gives you a clear calculation of the accounts, and there will be no less than a dime.

  Wang Guanxi smiled and said: "Four people can rest assured, my legal team is the world's top, and I will definitely give them a reasonable evaluation."

  When the four of them listened, they suddenly felt nervous and worried.

  He doesn’t want a reasonable evaluation. You are so rich. Just ask for a price. Why do you have a world-class legal team?

  There are Japanese, German, British, Hong Kong people, Shenzhen city people, and Singaporeans. This is beyond description.

  Then everyone came to Wing Lung Investment Bank, and then began asset review and assessment.

  These people are extremely serious, not letting go of a file or an account.

   Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei were very nervous and worried that the valuation of these people was very low, and Wang Guanxi laughed and said, "'Four people, do you have tea?" After finishing Wang Guanxi, Wang Guanxi sat on the sofa chair.

  "Yes, yes, wait a minute" Wu Zhanhai poured tea for Wang Guanxi himself.

  "Come and drink, Guanxi, this is the best West Lake Longjing"

  Wang Guanxi took the tea, took a sip, and smiled: “You four don’t need to be nervous, my legal team will definitely give you the most reasonable valuation”

  Wu Zhanhai, Wu Hongsheng, Li Guangyu, Guan Wenwei are so embarrassed that they don’t know what to say.

   "Yes, yes, for sure"

   "It must be very reasonable"

  Time passed in a flash.

  Liu Zhonglun walked over and said: "BOSS, after our rigorous evaluation, the current value of Wing Lung Investment Bank is HK$1"

  He then said the reason. At present, Wing Lung Investment Bank’s cash is 200 million Hong Kong dollars, its liabilities are 300 million Hong Kong dollars, and its net debt is 100 million Hong Kong dollars. However, the 300 million Hong Kong dollars are loan sharks with 12 million monthly interest.

  While Wing Lung Investment Bank's customer assets are 20 billion Hong Kong dollars, it is considered good to have 50 million net profits in one year.

  But with a profit of 50 million, the monthly net profit is 4.16 million Hong Kong dollars, which is not enough to pay the interest of loan sharks.

  This 300 million Hong Kong dollar loan is very serious.

  So the valuation is 1 Hong Kong dollar.

   Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei were all stupid.

   "Guanxi, how can our company be worth 1 Hong Kong dollar?"

   "Are there any mistakes?"

   "Yes, we have 200 customer assets"

   "Guanxi, 1 Hong Kong dollar? This is your world's top legal team?"

At this time, Liu Zhonglun righteously said: "Yes, it is 1 Hong Kong dollar. If Mr. Wang buys Wing Lung Investment Bank, he will have to assume Wing Lung Investment Bank's debt. The interest is as high as 12 million Hong Kong dollars per month. This is a total loss. The company’s net income can’t afford interest.”

  Of course, the usury can be paid off at one time, and if there is a net profit of 50 million per year, it can be paid back in two years.

  But, two years is not two months. How much energy, manpower, and material resources will be consumed!

  So it is valued at 1 Hong Kong dollar!

   Wu Zhanhai quickly said: "1 Hong Kong dollar, how is it possible!"

  Wu Hongsheng also said: "At least 50 million, right?"

  Li Guangyu also looked at Wang Guanxi expectantly, and said: "Yes, Guanxi, how about 50 million?"

  Guan Wenwei pleaded with his eyes: "You are so rich, don't listen to these lawyers, they are all miscalculations. If it doesn't work, 40 million is fine."

  Now that kid Yuan Kang is coming to collect debts.

  Not only need to take Wing Lung Investment Bank, but also ask the four of them for a loan of 100 million Hong Kong dollars.

  Because the four of them gave the Wing Lung Investment Bank a joint guarantee, the Wing Lung Investment Bank will ask them to pay back if it fails.

  Of course, when Wang Guanxi bought Wing Lung Investment Bank, he would have to bear the debts of Wing Lung Bank.

  At this time, Wang Guanxi said: “40 million is also impossible, four of you, think about it, if I don’t buy it, the creditor will demand 25 million Hong Kong dollars from you every day.”

  The four were lost in thought.

   "How about 30 million?"

"20000000?"

  ``

  At this time, the office opened again, and a young man in brown casual clothes walked in. He had a long face and a Japanese moustache. Unlike the Hong Kong people, he was a Japanese man with a flat head and a group of lawyers behind him.

   "Yo, Lao Wu, you are all here"

   "That's right, we are here to take away Wing Lung Investment Bank tonight"

   "By the way, each of you owes me 25 million Hong Kong dollars, remember to pay."

  This person is Yuan Kang.

  I'm here to collect debts tonight and take away Wing Lung Investment Bank.

  At this time, Wu Zhanhai said with a gloomy face: "Grass, Yuan Kang, didn't you wait a few more days for speaking?"

  Yuan Kang smiled and said, “I don’t choose a day tonight”

   "Old Wu, don't blame me, you should pay the money quickly"

   "Of course you can file for personal bankruptcy. I will auction off your house and other things, and limit your consumption every day. Of course you can go home and ask your dad for money."

  Wu Zhanhai and others looked gloomy after listening to Yuan Kang's words, but there was no way. They are now in debt and owe a lot of debt to the bank. Now it is really difficult to manage and the company can't keep it.

  Will you wait for Wing Lung Investment Bank to be taken away by Yuan Kang, and then let Yuan Kang want them to claim 100 million Hong Kong dollars in debt?

  100 million Hong Kong dollars, each is 25 million Hong Kong dollars. In the past, 25 million Hong Kong dollars didn’t say anything to them, but now they really can’t get it out.

  At this time, Wang Guanxi said indifferently: "Brother Zhanhai, the price is only HK$1, sell me Wing Lung Investment Bank, and I will bear the debt."

  "The four of you have also lost 25 million Hong Kong dollars in debt"

   Wu Zhanhai said: "Guanxi, 10 million Hong Kong dollars, we will sell it to you"

  Wang Guanxi shook his head: "1.2 million Hong Kong dollars, each of you can get 300,000. I also let you serve as executive directors and give you a salary. You will be responsible for the investment bank's brokerage business in the future!"

   Wu Zhanhai entangled: "Deal!"

"it is good!"

   "Then 1.2 million"

   "1.2 million is 1.2 million!"

  So Wang Guanxi glanced at Liu Zhonglun, and then drafted a contract. Everyone signed the agreement. Wang Guanxi bought Wing Lung Investment Bank for a cabbage price of HK$2 million!

Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei each received 300,000 Hong Kong dollars. They also serve as executive directors of investment banks. They can also receive salaries to facilitate future errands. They will not really care about anything, but they are used for errands. .

  Wang Guanxi said lightly: “In the future, Wing Lung Investment Bank will be renamed as Heishan Investment Bank.”

  This time I bought an investment bank at the price of cabbage, which is really good.

  (End of this chapter)