The Xiangjiang business delegation headed by Li Jianhui did not stop investing. After Rayong and Johor Bahru, they invested in multiple projects in Manila.
Although the total investment is less than HK$3 billion, which is far from comparable to the more than HK$50 billion in Rayong City, it still caused quite a stir in Hong Kong.
On June 7th, the front page headline of Jiayi Daily shocked the whole of Hong Kong. The well-known Hong Kong company Great Eagle Group and its holding companies such as Bailibao and Regal Hotels were in major financial crisis. It even bluntly stated that several major companies were in financial crisis.
Financial fraud and illegal misappropriation of company funds by individual major shareholders.
As a result, as soon as the Hong Kong Stock Exchange opened, the stock prices of several companies, including Great Eagle Group, plummeted, and the stock prices of Nanjiang-related companies such as Nanjiang Hang Seng Bank, Cheung Kong, and Hang Lung also fell sharply.
Even if the head of the Great Eagle Luo family used Nanjiang TV to make an announcement saying that the Jiayi Daily report was completely false, it still could not stop investors and institutions from selling shares of Great Eagle Group and other companies.
In the board meeting room of Nanjiang Hang Seng Bank, Li Chaoren, Chen Zengxi, Stanley Ho, Li Luyanqun, Luo Yingshi, Da Liu and other Nanjiang Society Xiangjiang members gathered here to discuss how to help the Luo family survive the crisis and respond to the Tung Wah Society's continued suppression.
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It's a pity that the strength gap between Nanjiang Association and Donghua Association is too great, so they can't come up with a solution after much discussion.
In desperation, Luo Yingshi had no choice but to seek medical treatment urgently.
"Hong Sen, you also know that Li Guobao is mainly responsible for targeting my industries this time. Your He family and the Dong Ya Li family are both the four major Chinese families in Hong Kong, and they have a relatively deep friendship. Can you talk to Li Guobao and let him
Can stop."
Seeing that everyone was looking at him, Ho Hongsen was quite speechless in his heart. If there were not several major associations, if the Nanjiang Association did not target the Tung Wah Association, if the Nanjiang Hang Seng Bank did not seize the Hong Kong dollar note issuance rights that the Tung Wah Association has been fighting for for several years.
, maybe the He family and the Dongya Li family still have a good relationship.
Although the two families cannot be said to be strangers now, Li Guobao will never give up targeting the Eagle King Luo family or even Nanjiang Hui's properties because of this friendship with the He family.
"Yingshi, it's not that I, He Jiu, don't want to help you overcome this difficulty, it's just that your proposal is too difficult for me, and you think too highly of our He family.
From the moment we chose to compete with the Tung Wah Association for the right to issue Hong Kong currency notes, we have chosen to stand on the opposite side of the Tung Wah Association.
As the main person in charge of the financial industry of Tung Wah Association, Li Guobao, our action was a direct slap in his face.
His actions during this period are just to regain his face. Not to mention our little relationship with the He family, even if he adds the Li family, the Gao family, the Xu family, Luo Wenjin and other established families to intercede, it will be useless.
We should not think about asking Donghua to be patronizing, but consider how to withstand Donghua’s suppression and allow our industry to develop rapidly.”
…
The house leaked and it rained all night. Just when they were still thinking about how to let the Luo family survive this difficulty, the principals of East Asia Holdings, Xinjian Securities Investment Company, Guanghua Securities Investment Company, and Luo Xurui held a joint press conference.
Jiayi TV Station even broadcast the entire press conference live.
The members of the Nanjiang Club in the conference room were extremely surprised when they watched the live TV broadcast. At the same time, they all looked at Luo Yingshi with strange eyes.
I don’t know whether it was shame or anger. Looking at Luo Xurui, who was standing with Li Guobao, Li Chunxue and others on TV, Luo Yingshi made treacherous remarks three times in succession.
Liu, who had been in a bad mood because of losing Aimei Gao, saw that Luo Xurui actually cooperated with Donghua Society to take control of Nanjiang Society's royal hotel, making Nanjiang Society embarrassed in the upper circles of Xiangjiang.
He said mockingly: "It's not scary to be a traitor, but I'm afraid that some people will try to tread two boats and be careful not to get anything in the end. Li Jianhui and others are not that easy to fool."
Luo Yingshi, who was already furious because of Luo Xurui's incident, almost lost his breath when he heard this taunt again.
As the president, Li Chaoren is very clear that he cannot allow things to continue to ferment at this time. Now the Nanjiang Association must unite as one to overcome this difficulty.
Since taking over the right to issue Hong Kong currency notes, Nanjiang Hui's subsidiary Aimeeko has been lost, as has Wireless Media Group. Now it has been renamed Heung Kong Film and Television Media Group, and Wireless TV Station has been renamed Heung Kong Television Station.
Now the Regal Hotel, which was the main gathering of the Nanjiang Society, has also been abandoned. If we don't work together, I'm afraid the Nanjiang Society will completely disband in a short time.
"Everyone, I believe that since you are sitting here, you are all hoping that Nanjiang will develop well, and you will never be in Cao Ying and your heart is in Han.
Because we, Nanjiang Hang Seng Bank, have taken over the Hong Kong dollar note-issuing rights, which the Tung Wah Association regards as its own, we have therefore become the main target of the Tung Wah Association's suppression.
At this time, we need to unite as one to overcome the current difficulties. Regal Hotel has been lost, and we cannot let Great Eagle Group and Baileys fall again.
Don't think that this is just a matter of the Luo family. Once the Luo family falls, the next one may be my Changshi, or it may be your core industry. The Donghua Society will never give up easily this time.
Regarding the funding issues of the two major enterprises Great Eagle Group and Palibo, Nanjiang Hang Seng Bank will temporarily provide them to help them survive the current crisis."
It's a pity that Li Chaoren imagined well, but the Donghua Club did not give them time. Before the meeting ended, Luo Yingshi received a call from the General Manager of the Administration Department of Eagle Group.
The Xiangjiang Commercial Crime Investigation Bureau has stationed in the Great Eagle Group and its subsidiary Bailibao Company. The investigation target is the eldest son of the Luo family, the executive director and vice president of the boards of directors of the two major companies. At the same time, the Hong Kong Stock Exchange has also conducted emergency operations on the two major listed companies.
Trading suspension.
Not to mention how Luo Yingshi felt, Li Chaoren and others were completely speechless. They really didn't know what kind of trouble the Luo family was going to make.
When it comes to a well-known enterprise like Great Eagle Group, it is impossible for the Xiangjiang Commercial Crime Investigation Bureau to move in without certain evidence.
Moreover, the target is pointed directly at the eldest son of the Luo family, which means that this man must be suspected of commercial fraud, or illegal misappropriation of assets of listed companies.
"Yingshi, we will be here temporarily today. You should rush back to the company as soon as possible to see what the situation is and if you need any support, we will contact you again."
In contrast to the worried members of the Nanjiang Association, the members of the Tung Wah Association happily celebrated their success in winning the Regal Hotel Company at the Xinhui Hotel at noon.
Although the second son of the Luo family suddenly felt a little guilty in his heart, when he thought that he could not get a cent of the assets, he immediately threw that guilt out of the sky and drank champagne with Li Guobao and others.
Celebrating that he is about to become the Chairman of the Board of Directors and President of the Regal Hotel Company.
He also believes that with the support of the Tung Wah Association, his future development will definitely not be lower than that of the few people who inherited the family property.