The headline on the front page of Oriental Daily is not that Carin's stock price has halved, nor is it that Xin Jian is ignoring Carin, but "Zhong Zhenwen is leaving Hong Kong."
Although Zhong Zhenwen is not as well-known as Chen Songqing, as the second largest shareholder of Jiali Group, he is also one of the most influential figures this year. Thanks to the rocket-like rise in Jiani's stock price this year, his assets have also increased, and his personal assets have reached more than 500 million Hong Kong dollars.
Another wealthy family in Xiangjiang is about to be born.
When Jianing Group was in crisis, the group's second largest shareholder, director and vice president of the board of directors left Xiangjiang, and the whole family left together, which can't help but make people think.
Chen Zengxi was also panicked at this time. Once there was a problem with Jianing Group, the impact on Henglong would be too great, and he couldn't bear it.
Not to mention the 15% shares acquired by Hang Lung Securities at a cost of HK$300 million, the multiple loans of Jianing Group in Hang Lung amounted to HK$500 million.
This is not over yet. Yesterday afternoon, Chen Songqing, Zhong Zhenwen and others swore to him that there was no financial problem with Jia Ning Group. That was just Li Jianhui's suppression of Jia Ning. They also showed him the financial reports of Jia Ning Group for the past eleven months.
.
On the pretext of raising the stock price by acquiring shares in the market of Jianing, he pledged his shares in the Jianing Group and obtained loans of HKD 300 million and HKD 200 million respectively.
At that time, he had no problem with the financial statements, and he also hoped that the stock price of Jiali could increase. In addition, Jiani Group and Hang Lung had a close relationship. He felt that Li Jianhui was actually targeting Hang Lung in targeting Jiani Group, so he agreed.
A loan.
Therefore, if something goes wrong with Jianing Group, Henglong Group's losses will exceed one billion, which is definitely not something the Chen family and Henglong can afford.
At this time, he had no appetite for breakfast, so he went directly to the study to find Chen Songqing's home phone number and called it using the phone on the desk.
"Hello, this is Chen Mansion."
"I am Hang Lung Chen Zengxi, looking for Chen Songqing."
The person who answered the phone also knew Chen Zengxi and immediately responded: "Sheng Chen, our master is not at home. If it is convenient, you can tell me and I will tell him when he comes back."
Chen Zengxi felt bad when he heard that Chen Songqing was not here, and quickly asked when Chen Songqing left and whether his wife and children were at home.
The response he received made his heart tremble. Chen Songqing's family informed the housekeeper last night that something was going on at his mother-in-law's house, and hurriedly left the Chen Mansion with his wife and children.
Fortunately, he was not angry yet and immediately called the general manager of Hang Lung Bank, requesting that he rush to the headquarters immediately and freeze the accounts of his group and senior group executives such as Chen Songqing and Zhong Zhenwen in Hang Lung Bank.
At this time, he didn't care whether it was legal or not, he just hoped to reduce his losses as much as possible. If these senior executives transferred the funds away, Hang Lung would have no chance to recover the losses.
Chen Zengxi confessed to his family and hurried to the headquarters of Hang Lung Bank. His most important thing now was to stabilize Bank Hang Lung. Zhong Zhenwen and Chen Songqing fled, directly confirming Jia Ning's financial fraud.
The paper cannot stop the fire. The loans Hang Lung gave to Jianing, Chen Songqing and others will soon spread in Xiangjiang, and a run will probably follow.
When he arrived at the headquarters of Hang Lung Bank, he was told that Chen Songqing and Zhong Zhenwen had already transferred the funds yesterday afternoon, and the funds in the Jianing Group account were less than 3 million.
Chen Zengxi almost fainted from anger and repeatedly asked why such a big matter was not reported to him.
"Sheng Chen, the other party's reason for transferring funds was to purchase shares of Jianing Group. You also know that the other party has its own company for stock operations. We only thought that the other party purchased stocks, so this situation occurred."
As the general manager of Hang Lung Bank, Liu Liangyong felt that he was wronged in this matter. The business cooperation with Jia Ning Group was basically handled by Chen Zengxi himself.
For example, the loan yesterday afternoon was personally approved by Chen Zengxi. He has no right to intervene in how the other party's funds are used.
Moreover, the other party's fund transfer is not a one-time transaction, but is similar to a stock transaction. Who knows that the other party did not buy the stock at all, but transferred the funds away.
Instead, Heng Lung foolishly went in and bought a lot of stocks to help the Carining Group, thinking that they would make a lot of money after the stock price rebounded.
"You go and inform the middle and senior management of the bank. There will be a meeting in the conference room in half an hour."
After Liu Liangyong left, Chen Zengxi immediately called his partners in Tokyo.
He knew that Henglong was now standing on the edge of the cliff, and there were countless forces behind him ready to push him. If there were no forces to help him at this time, Henglong would also disappear.
It's a pity that the problems encountered by Hang Lung Bank this time are too big. Mitsui and Mitsubishi need chess pieces that are beneficial to themselves rather than cleaning up the mess for them. Hang Lung has become an abandoned piece.
Chen Zengxi, who did not get good news from these two parties, immediately contacted HSBC, hoping that HSBC could give Hang Lung some help, especially financial help, so that Hang Lung Bank could survive this crisis.
But what Chen Zengxi didn’t know was that HSBC was now faced with cleaning up the mess left by the Carining Group, and how could it find the funds to support Hang Lung.
Although Hang Seng Bank was defrauded less, it was not that much less. Zhong Zhenwen, who had long planned to escape, even mortgaged his shares for a second time. Hang Seng and Hang Lung did not suspect this because they had a good relationship with Jia Ning.
Due to various problems, and the fact that the technology of this era was not yet twenty or thirty years old, Zhong Zhenwen easily obtained the loan.
Hang Seng also wanted to freeze the accounts of Jianing Group and Chen Songqing, Zhong Zhenwen and others. Unfortunately, the situation was the same as Hang Lung's. The money had been transferred yesterday afternoon and was destined for Citibank.
They have no right to ask Citibank to freeze the accounts of Chen Songqing, Zhong Zhenwen and others. At this time, besides calling the police, they are just thinking about how to avoid further losses.
At 9:30, influenced by the Carining Group, the three major stock exchanges in Hong Kong fell collectively as soon as the market opened. Especially the Hong Kong Stock Exchange, where the Carining Group is located, the Hang Seng Index dropped directly from 1365 points to 1337 points, plummeting 28 points.
point, this is the largest opening drop in the Hang Seng Index since the adjustment of the three major exchanges on October 1.
The share price of Jianing Group is even more terrible. At the close of trading at noon yesterday, the share price was still 17.4 Hong Kong dollars. However, as soon as the market opened today, the share price was only 8.6 Hong Kong dollars. In Hong Kong, where there is no daily limit, if there is no big funds to take over the market today, the share price of Jianing Group is likely to fall.
Break one Hong Kong dollar.
Especially after it was reported that Chen Songqing had also fled Xiangjiang, Jianing Group would only face bankruptcy. No saint would sacrifice himself to save others at this time.
The Hong Kong government also specifically announced that the Securities and Exchange Management Office under the Hong Kong Monetary Authority and the Hong Kong Stock Exchange will form a joint investigation team to investigate the financial problems of the Carnegie Group.
At the same time, the Xiangjiang Commercial Crime Investigation Bureau also announced that it has set up a task force and will be stationed at Jianing Group today to investigate whether Jianing Group has committed commercial crimes.