Although the three major banks showed that they were not short of money at all, there were still a lot of people withdrawing money from major business offices the next morning.
With Li Jianhui's financial support, Li Guobao and Feng Jingyao were not worried at all. Apart from instructing bank security personnel to maintain order, they did not come out to boost these citizens' confidence in the bank.
However, the Xinjian Department held a press conference. The content did not seem to have much to do with the bank, but it had a great impact on the entire Xinjian Department.
There are only four pieces of content, but each piece is sensational news in Hong Kong.
The first is that Blue Maple Investment Company invested 4.5 billion Hong Kong dollars to acquire 20% of Huihong Group shares from Li Jianhui, officially becoming the second largest shareholder of Huihong Group.
Li Jianhui’s personal shares dropped to 69%, Yuntao Investment Company held 10%, and Li Chunxue held 1%.
This time it was a direct sale, not financing, which gave Li Jianhui an extra 4.5 billion Hong Kong dollars in cash.
The second piece of news is that Whampoa Shipping Group, Lane Crawford, and Watsons are about to land on the Far East Exchange.
The third piece of news is that Hutchison Real Estate has issued an additional share of approximately HK$2 billion at the current market value and has reached an agreement with Demaple Bank and Grosvenor Group Berhad, which has been officially announced to the public and is awaiting approval from the Far East Exchange.
Hutchison Real Estate currently has a market value of more than HK$4.3 billion. Once this round of financing is completed, the market value will soar to more than HK$6 billion, making it the second largest real estate company in Hong Kong after Wheelock Land.
At the same time, the market value of Hutchison Real Estate may also exceed that of its parent company Huangpu Holdings Group, becoming the top five companies under the Xinjian Group.
Although Whampoa Holdings Group's shareholding in Hutchison Real Estate has dropped to 23.9%, it is still the largest shareholder of Hutchison Real Estate. The other major shareholders are either his associates or allies. He is not worried about the issue of controlling rights at all.
The first three are good for the entire Xinjian Group, but the fourth is definitely bad for Wheelock Holdings and Whampoa Holdings.
After reducing its holdings in January, Xinjian Investment Company once again issued a reduction announcement, in which Wheelock Holdings will reduce its holdings by 9.9%, from the current 44.9% to 35%.
Huangpu Holdings reduced its holdings by 4.9%, from the current 39.9% to 35%.
If the above points prove that Xinjian Group is not short of money, then the last one seems to indicate that Xinjian Group is quite short of money. Otherwise, how could Xinjian Group reduce its holdings in the two major groups that are developing well?
Fortunately, today is Saturday, and the major exchanges in Hong Kong are not open. Otherwise, the shares of Xinjian's major listed companies will be on another roller coaster ride.
However, those who are interested can still calculate how much funds Xinjian Group has through financing and reduction of holdings. It does not go too far, just from January this year.
The funds raised by Xinjian Group were nearly HK$7 billion. Last time, it reduced its holdings of 5% of Wheelock Holdings and 10% of Whampoa Holdings, to about HK$850 million.
If Xinjian Group only has the funds on its books, it is not enough in the eyes of many people. Especially the investment in Tianshui City, Huihong City and Dalan Tunnel invested by Xinjian Real Estate is too high, and the land purchase this time also costs ten dollars.
Hundreds of millions of Hong Kong dollars.
At the same time, Jiayi Group invested HK$1 billion, Jingyi Electrical Appliances invested HK$1 billion, and Hongyu Clothing invested HK$500 million.
Without the loans from Xinjian Bank, it would be difficult for Xinjian Group to survive.
Many people feel that Li Jianhui is indeed short of money after this run. Otherwise, the purpose of selling Huihong Group's shares this time is to withdraw funds to support the Xinjian Department's capital chain.
A crash occurs.
However, they also admired Li Jianhui for having the treasure trove of Huihong Group, and also admired Li Jianhui's luck. At such a critical moment, he was able to sell his shares quickly and at such a high price.
Based on the fact that Blue Maple Investment spent 4.5 billion Hong Kong dollars to purchase 20% of the shares, the valuation of Huihong Group has reached 22.5 billion Hong Kong dollars, which is another increase of 2.5 billion Hong Kong dollars compared with last year’s valuation.
Li Jianhui did not stop there and directly invested in the acquisition of Jiayi Group, Jingyi Electric Co., Ltd. and Hongyu Clothing Co., Ltd. into his own hands.
Among them, Jiayi Group spent HK$1.8 billion, and Jingyi Electrical Appliances Company and Hongyu Clothing were acquired with funds from Xinjian Investment.
As a result, the three companies are solely owned by Li Jianhui, while Xinjian Group has withdrawn 3.3 billion Hong Kong dollars in funds.
The big guys in Xiangjiang were quite speechless when they saw Li Jianhui's dazzling operation. It was changing from left to right.
Moreover, it was Xinjian Group that suffered the loss this time. If nothing else, Jiayi Group was definitely more than that price.
The R&D center and trial production workshop of Jingyi Electric Company in Tianshuiwei are under construction, and the production center in Shekou has also started construction. Xinjian Group invested one billion, and Li Jianhui won the company for only one billion, without giving any interest.
The same is true for Xinjian Group and Hongyu Clothing.
They don't understand why the shareholders of Xinjian Group would agree to Li Jianhui's actions. Could it be that there is really a problem with the capital chain of Xinjian Group and they have to withdraw funds in this way?
In order to clarify the specific situation, under the arrangement of some people, the Hong Kong Monetary Authority, citing the financial instability of the three major banks, Xin Jian, East Asia, and Dao Heng, specially set up an investigation team to investigate the three major banks to ensure that the citizens of Xiangjiang
Property security.
Among them, the leader of the investigation team from Xinjian Bank was an acquaintance. He was also the leader who had set up a joint investigation team to investigate Xinjian Investment Company.
When Li Jianhui was working in the company, Bell said with a serious face: "Mr. Li Jianhui, due to the serious run on Xinjian Bank in the past two days, it has had an extremely negative impact on Xiangjiang Finance.
In order to maintain the financial stability of Xiangjiang, according to Hughes's order, I and my colleagues will review the financial situation of Xinjian Bank. This is the review order of the Monetary Authority. We also hope that Xinjian Bank can cooperate with our work."
Taking the document handed over by Bell and looking at it, Li Jianhui said with a smile: "Our Xinjian Group and Mr. Bell are really destined. Please rest assured that our Xinjian Bank is doing business openly and is not afraid of any scrutiny. Please wait a moment."
In a moment, I will inform the group vice president and Xinjian Bank general manager Peng Kezhi to assist you in the review."
Not long after Li Jianhui made the call, Peng Kezhi came to the office.
Hearing that the Monetary Authority actually set up an investigation team to review Xinjian Bank on Saturday afternoon, Peng Kezhi understood that this must be to cause trouble.
However, he is not worried about any problems in Xinjian Bank. After all, they operate according to procedures. If there are big holes in the finances, then all the financial staff of Xinjian Bank and the accounting firm owned by Li Jianhui should resign.
.
Peng Kezhi spoke up: "Please rest assured, Mr. Li, I will definitely assist the investigation team of the Monetary Authority in reviewing our bank's finances."