Li Guangyu and the top management of the Li Consortium are spending the Spring Festival in peace and contentment, but some people are now in big trouble. London gold, which has been strong for a year, began to fall in early January and has no rebound trend in February. Those who are betting long on London gold
Jin's people are not in the mood to celebrate the Spring Festival right now.
This matter originally had nothing to do with Li Guangyu. His Tianyu Investment Company withdrew from the London gold market in early November last year. At that time, the price of London gold was still rising, so it was very easy for them to cash out.
It's just that this matter sometimes comes to us. Before the Spring Festival was over, the head of the Chen family, who had been working with the Li family for decades, came to him.
Chen Xinglin, who is now 76 years old, obviously looks old, and his face looks very tired. He should be enjoying his old age in peace and has to run around for the sake of his family. Even if Li Guangyu is just a junior, he has to come and visit in person when he asks for help.
Although Li Guangyu is no longer what he used to be, and the Li family is not on the same level as the Chen family in terms of strength, after Li Guangyu learned that Chen Xinglin was coming to visit, he and Cao Weiqing came to the door five minutes early to wait for Chen Xinglin.
arrival.
This is also the most basic etiquette. You must know that Chen Xinglin and Grandpa Li Guangyu are very close. From 1949 to now, the Chen family has always been an important partner of the Li family. When the Li family clothing factory was in the most difficult time, Chen
The family has always advanced funds to supply the Li family's clothing factory, and has never pressed for payment from the Li family.
This is why the Cao family obviously has a textile industry, and currently one-third of the raw material orders of Hongyu Clothing Group, Pengyu Group, Feiyu Group, etc. are all here at Xinglin Group.
People must not be ungrateful. Don't look down on this or that because you think you are developed. Only those who know how to be grateful and humble can go further and more steadily.
Chen Xinglin is very happy and gratified that Li Guangyu and Cao Weiqing can greet him outside the door. He is happy that even though Li Guangyu has now become one of the top figures in the global business world, he and his wife still greet him outside the door.
Guangyu still has a lot of weight in his heart.
He was happy for his old man who had passed away many years ago. He had such an outstanding grandson and heir, and the Li family had nothing to worry about.
At the same time, he felt sad for the family heir he chose. He had already reached retirement age, but because the heir could not support the family, he had to support the family business in his seventies.
In the living room, Li Guangyu said: "Grandpa Chen, Weiqing and I were planning to go to your place tomorrow morning to pay New Year's greetings, but we didn't expect you to come here in person today. If you have anything to say, just tell me. There is no need to see me outside.
"
In previous years, Li Guangyu would go to Chen's house to pay New Year's greetings. This year, he also arranged his schedule. He will go to Luo Decheng's house to pay New Year's greetings this afternoon and then go to Chen's house tomorrow.
Li Guangyu knew that Chen Xinglin must have urgent matters when he came to see him today, so Li Guangyu asked directly to avoid Chen Xinglin's difficulty in speaking.
After Li Guangyu finished speaking, Chen Xinglin said aloud: "Guangyu, I came here this time to hope that you can save our Chen family. Now our Chen family has almost been defeated by your Uncle Qiwen."
Li Guangyu sounded confused. You must know that Xinglin Group has been developing more and more rapidly in recent years because of the increasing number of orders given by Li Guangyu's major apparel groups, and they have also entered the apparel field. Although they operate
It is a low-end brand, but relying on the demand of the mainland market and the current demand in Eastern Europe, the situation is very good.
At present, in the Hong Kong stock market, although the market value of Xinglin Group is far from comparable to Feiyu, Hongyu, and Pengyu, their market value has also reached 2.6 billion Hong Kong dollars. The Chen family controls 70% of the shares and has absolute control.
of controlling interest.
Now Chen Xinglin says that the Chen family is going to be ruined. This is an asset of nearly 2 billion. How could it be lost all at once? The development of Xinglin Group and Li Group is about the same, and they don't have any loans.
During the subsequent conversation, Li Guangyu learned that it was Chen Qiwen who entered the gold futures market and took a heavy position long London gold. The last trading deadline was March 26, and he used 500 million in cash to go long with 20 times leverage.
The only reason why there is so much money is because Chen Qiwen mortgaged the Xinglin Group shares to the bank. Now that the price of London gold continues to fall, it is difficult to close the position, and he has to replenish the position every day.
Li Guangyu's personal understanding of Chen Qiwen is far inferior to his understanding of Chen Qiwu, but Chen Xinglin has always regarded Chen Qiwen as his successor. In the past few years, Chen Qiwen has basically been managing the group's affairs. Even the position of chairman of the board of directors of the group has been changed.
Chen Qiwen has been given the position, which basically declares that Chen Qiwen is the new generation of the Chen family.
Unexpectedly, such a situation has happened now. The new head of the Chen family has made the Chen family miserable. What makes Li Guangyu more angry is that the new head of the family doesn't know what he thinks. He is not in his bank and allies.
Bank mortgage, actually mortgage loan with HSBC.
However, Li Guangyu did not express some of his dissatisfaction with Chen Qiwen. Now Mr. Chen is very sad inside and is also under great pressure. Li Guangyu cannot rub salt into the wound anymore.
Now that Chen Xinglin has come to the door in person this time, Li Guangyu will help anyway, at least not to let the Chen family lose control of the Xinglin Group.
Moreover, Li Guangyu also believes that after this incident, the head of the Chen family has changed, and it is obviously impossible for Chen Qiwen to continue to be the head of the Chen family.
Chen Qiwu has developed Xinglin Group's mainland business very well in Pengcheng over the years. Li Guangyu has met him many times and feels that he is still very good. Li Guangyu believes that Chen Qiwu serves as the chairman and president of Xinglin Group.
The future development of the Chen family will definitely be better.
It's just that this is a family matter of the Chen family, so Li Guangyu didn't say anything more. He believed that Chen Xinglin could handle this matter well.
He said aloud: "Grandpa Chen, how much money do you need here, I will call Tianyu Bank, and you can go there and apply for it. You can just set the loan time, and there will be no interest."
Li Guangyu directly gave the Chen family an interest-free loan this time to help the Chen family tide over this difficulty. As long as the Xinglin Group is in the hands of the Chen family, the loan will be repaid soon in the future.
And this is also a repayment for the Chen family's help to the Li family. After all, the Chen family also extended a helping hand when the Li family was in difficulty.
Chen Xinglin was very excited. He didn't expect that he could easily get financial support from Li Guangyu, and he didn't even need to pay interest. The time was set by himself. In Xiangjiang, he could have such preferential treatment anywhere except Li Guangyu.
It is impossible to get support so easily.
He said: "Guangyu, thank you so much. I will ask Qiwu to contact Tianyu Bank this afternoon. This time we will loan 1.5 billion Hong Kong dollars. After we get the group shares back from HSBC, we will pressure you Tianyu Bank."
The interest is based on normal loans. It is already a great favor for you to help us at this time. How can we lose money?"
Li Guangyu talked for a while, but Chen Xinglin insisted on paying the normal loan interest rate, so Li Guangyu had no choice but to agree.