October 16, 1973!

This is the most ordinary day in Xiangjiang. Those who should go to work go to work, those who should go to school go to school, and those who should find a wife are looking for a wife...

Anyway, there is no difference between Hong Kong today and in the past.

But today is not ordinary for reporters in Xiangjiang, because they once again received a notice from Hang Lung Real Estate that in the morning, their company will announce something major.

Hang Lung Properties, which has just completed the Golden Gate Tower transaction with Land, what other big announcements can it make?

And looking at Hang Lung Real Estate’s high profile, this matter must be of great benefit to Hang Lung Real Estate!

So what exactly is going on?

Could it be that Hang Lung Properties has completed another major project deal?

But can the other party have so much money?

Or do they have any new development plans?

Everyone came to the Hang Lung Center with this or that kind of speculation, and saw an energetic Chen Qizong sitting there.

During this period, Chen Qizong's presence in the eyes of the Hong Kong media was very high, either in an exclusive interview in this newspaper or in a speech in that newspaper.

Occasionally, I will go on TV and talk about my success story!

If we talk about fame alone, it has surpassed Chu Huan, who has been a little quiet during this period.

And through Chen Qizong’s continuous performances during this period, the title of the second person in the younger generation of Xiangjiang has been firmly established!

There is no way, no one can shake Chu Huan's reputation in Xiangjiang at this time.

Chen Qizong sat there with high spirits, looking down at the reporters sitting opposite him. He knew how important what he was about to announce would be and what kind of sensation it would cause.

He was somewhat looking forward to seeing the reactions of those reporters later.

When all the media in Xiangjiang had arrived, Chen Qizong finally announced the reason for holding this press conference!

"For some special reasons, Hang Lung Real Estate decided to terminate its cooperation with overseas trust banks!"

One stone stirred up a thousand waves, and the reporters at the scene were all confused.

Previously, Hang Lung Properties was able to acquire Land's Golden Gate Tower. Although the specific details were not disclosed, everyone knew that Hang Lung Properties at that time definitely did not have so much cash, and with the addition of overseas trusts, everyone also knew that,

Hang Lung Properties must have received support from overseas trusts to have so much cash.

In other words, Hang Lung Real Estate received the help of overseas trusts before and achieved its current achievements.

But just a few days after this incident, Hang Lung Properties actually terminated its cooperation with overseas trusts.

That’s not the way to burn bridges across rivers!

While everyone was stunned, Gu Chengxi from "True News" had already asked his own question.

"Mr. Chen, is the reason why Hang Lung Real Estate announced the termination of cooperation with Overseas Trust Bank because Overseas Trust has become a partner with Jiahu Textile?"

"What?"

Chen Qizong, who was sitting on the stage, was suddenly stunned. He suspected that he had heard wrongly.

Not only Chen Qizong, but also reporters from other newspapers looked at Gu Chengxi with doubts at this time. However, they all knew that "True News" had a very good relationship with Chu Huan, so it should be very important for Gu Chengxi to tell this at this time.

Maybe it's true.

It’s just that no one got the news before!

Gu Chengxi said: "Just this morning, Jiahu Textile and Overseas Trust Bank have signed a five-year cooperation agreement. In the next five years, all financial transactions of Jiahu Textile except Huhua Real Estate will be made through overseas trust banks."

Trust’s bank account.”

Buzz!!!!

The press conference suddenly became noisy. No one expected to hear news about Jiahu Textile and Overseas Trust while attending the press conference of Hang Lung Properties.

Although Jiahu Textile itself cannot be compared with Hang Lung Real Estate, with the disclosure of denim air textile technology, Jiahu Textile has become the first echelon of Xiangjiang's textile industry. Coupled with the soon-to-be-established Qingjin Garment, it is even more...

Jiahu Textile has added a lot to its valuation.

This is definitely big news!

Seeing that his home stadium was about to be the scene where Gu Chengxi announced the news for Chu Huan, Chen Qizong immediately said: "The dissolution of the cooperative relationship between Hang Lung Properties and Overseas Trust has nothing to do with the cooperation between Overseas Trust and Jiahu Textile.

It was decided entirely out of business considerations!”

A reporter from Oriental Daily immediately asked: "Mr. Chen, if Hang Lung Properties terminates cooperation with overseas trusts, how should Hang Lung Properties' previous loans from overseas trusts be handled?"

Although Hang Lung Properties has not announced the number of loans it has with overseas trusts, everyone knows that it definitely exists.

Chen Qizong did not conceal this matter and said directly: "Loans are also normal business practices, and our loan project with Overseas Trust will not expire in two years, so this matter is not under our control now."

It’s under consideration!”

After hearing what Chen Qizong said, many reporters present immediately came to the conclusion, isn't Hang Lung Real Estate just trying to burn bridges by crossing the river?

Looking at the expressions of many reporters present, Chen Qizong understood what they were thinking and said directly: "During the cooperation with overseas trusts, Hang Lung Properties has always strictly abide by the terms of cooperation between both parties. The responsibility for the termination of this cooperation does not lie with Hang Lung Properties!"

"

Is there any inside story?

If it’s not with Hang Lung Properties, it’s naturally with Overseas Trust.

Reporters asked questions one after another, but Chen Qizong did not give a specific reason.

Seeing this, everyone could not get an answer in this regard, so they could only continue with new questions.

But I already have the answer in my mind, it must be the relationship between Overseas Trust and Jiahu Textile.

There have long been rumors in Xiangjiang that the relationship between the Chen family and Chu Huan is not very good.

“Without the cooperative relationship with overseas trusts, will Hang Lung Properties’ future development projects encounter financial problems?”

This chapter is not over yet, please click on the next page to continue reading! A reporter from "Sing Pao" asked.

This is another major event that everyone is paying attention to. The current market situation of Xiangjiang real estate industry has shown that if you want to raise funds by issuing new shares, you have to wait until at least the end of the year or the New Year. Then there is another way for real estate companies to raise funds.

It's about cooperation with banks.

But the current situation is that due to the sluggishness of real estate stocks, banks in Xiangjiang have tightened their lending policies for real estate companies. Before, Hang Lung Real Estate was lucky to get the support of overseas trusts. Now the other party has just given up on a bank.

support.

This is an operation they cannot understand.

Chen Qizong proudly said: "Regarding this, everyone sitting here or investors in Xiangjiang can rest assured that the development of Hang Lung Real Estate is very smooth. It is precisely because of this that it has received the support of a top bank in Xiangjiang.

, now all we have to do is sign the document, and I believe everyone will know the name of this bank soon!"

boom!!!!!

Noisy voices appeared at the scene again. Although Chen Qizong did not say the name of the other party, looking at Chen Qizong's expression and Hang Lung Real Estate's ability to give up cooperation with overseas trusts and instead cooperate with this bank whose name has not yet been announced, it can

Guess, the strength of this bank must be the best in Hong Kong.

HSBC?

The first thing everyone guessed was this super bank with a century-old history in Hong Kong.

Standard Chartered?

Hang Seng?

East Asia?

Which one is it?

The scene became chaotic, and people asked Chen Qizong which bank he belonged to.

But at this time, Chen Qizong just said with a proud face that everyone will know which bank it is as soon as noon today or tonight at the latest!

Reporters on the scene expressed their disdain for Chen Qizong's betrayal!

In this case, why not wait until everything is confirmed before holding this press conference!

Then Chen Qizong talked about some issues about the future development direction of Hang Lung Properties and stopped today's reception!

Many reporters left the scene helplessly.

Soon, the content of the press conference spread among the upper echelons of Xiangjiang. As for ordinary Xiangjiang citizens, they did not have so many means of transmitting information at this time. Hang Lung’s reception today did not involve the participation of TV stations, so naturally there was no way to do so on a large scale.

spread.

However, I believe that after the evening editions of major newspapers are released this afternoon, the news will spread throughout Hong Kong immediately.

Those who knew about it on a small scale fell into silence at this time.

The dissolution of cooperation between Hang Lung Properties and Overseas Trust was originally a blow to the share price of Hang Lung Properties. However, Chen Qizong also stated that Hang Lung Properties had cooperated with a bank that was more powerful than Overseas Trust. This made those who held Hang Lung Properties stocks unaware.

What to do.

Is it a sell-off?

Or should we check the situation first?

In the end, everyone decided to take a look at the situation first.
To be continued...