Hong Kong 1980: The Savage Era

Chapter 252 [More Important Events]

Chen Songqing, chairman of the board of directors of Jianing Company, instructed the murder case to continue to ferment. Even foreign media newspapers reported the news, causing a sensation.

Creditors such as banks and financial companies came one after another to urge repayment of debts, as if the Carrian Company would go bankrupt immediately. HSBC, with the authority to assist Carrian Company in restructuring its debts, quickly took control of many of the company's high-quality projects, such as two medium-sized commercial buildings in the urban area of ​​Kowloon, with a market value of HK$2 million.

The spread of such news made the public even more agitated.

After all, in Hong Kong, HSBC is one of the weather vanes of the financial market, and most banks and financial companies will follow closely.

On the morning of the next day, the police immediately searched the Fishermen's Bank. After analyzing the information obtained, they found that the debt of the Carrian Company to the Yumin Bank was very large, as high as US$2 million, which was significantly different from the Carrian Company's account.

After two days of in-depth investigation, the police announced on July 2 that Carrian Company owed a total of more than HK$7 billion to financial institutions such as U-Min Bank, HSBC, and Wal-Mart, of which more than HK$23 billion was owed to U-Min Bank.

At the same time, word spread in the market that the transaction of the Golden Gate Building had not yet been completed, and there might be cases of using false information to hype up the stock price to obtain improper profits. This fire began to burn on Lin Xiufeng's family and the Bai Shunning Group.

Hang Seng Bank responded quickly and held a press conference that day, announcing the removal of brothers Lin Xiufeng and Lin Xiurong from all their positions in Hang Seng Bank and the recovery of all loans of the Bai Shun Ning Group at Hang Seng Bank.

If the collateral cannot be returned in time, Hang Seng Bank has the right to seal up all collateral of Bai Shun Ning Group, sue Bai Shun Ning Group for fraud, and safeguard the legitimate interests of Hang Seng Bank.

Hang Seng Bank’s statement made the fire on the Baishunning Group even more intense, and it began to face bankruptcy.

Carrian Corporate Office

The decoration here is magnificent and has the feeling of a royal palace. The furnishings here are all famous and of extraordinary value.

boom! !

The office door was forcefully opened from the outside, and the female secretary stopped Lin Xiufeng and his brother all the way.

After Chen Songqing smoked a cigar and waved to the secretaries, the secretaries retreated and stopped trying to stop Lin Xiufeng.

"You idiot! We agreed long ago that you would find someone to take over the Golden Gate Building. Now, those people from the Investigation Division are collecting information about me. I had dinner with those foreigners from the Department of Justice last night, and they said that I might face a sentence and go to jail. You are so brave that you even dared to kill someone from the bank." Lin Xiufeng roared, with the veins on his forehead clearly visible.

Chen Songqing's skill in cultivating his Qi was very impressive. He was still smiling until this moment and urged Lin Xiufeng and his brother to sit down and talk.

"Things are indeed troublesome, but it's not a fatal situation."

"Isn't this a dead end?! Chen Songqing, do you think I'm a fool? Help me to deal with the Golden Gate Building issue. I'll accept it even if I lose money." Lin Xiufeng's voice was still loud, but a little flustered.

The noblemen who had been in high positions and arrogant for many years finally gave in. They really didn't want to go to jail, and Stanley Prison was simply not something they could tolerate.

Moreover, the two brothers believed that as long as they escaped, they would still have a chance to make a comeback, but if they went to Stanley Prison, they would have nothing.

"Pa pa!" Chen Songqing clapped his hands, and his assistant He Guiquan walked in. "This is a check for 6 million yuan. As long as you sign the contract, the transaction of the Golden Gate Building can be completed immediately."

Lin Xiufeng took the contract, looked through it, and signed it when he found no problems. He took the check and said, "We will not have the opportunity to cooperate again in the future."

"Mr. Lin, you should know what you can't say." Chen Songqing warned, biting his cigar.

"Don't worry, telling those things is not a good thing for me." Lin Xiufeng left after leaving a word.

He Guiquan looked at the two brothers' backs and said quietly, "If we don't pay them, Lin Xiufeng and Lin Xiurong won't dare to say anything. They are most afraid of going to jail and being laughed at by others." Chen Songqing's smile finally stopped and he said grimly, "This is not just a sum of money, but also a peace of mind. Only when Lin Xiufeng feels that the ICAC and the Department of Justice have 'nothing to do', can we really fill this gap."

"Guiquan, Jianing Company can no longer be saved, and you will soon be taken away for investigation. Remember, as long as you grit your teeth, I will guarantee you a prosperous life for the rest of your life, even in Stanley Prison."

He Guiquan knew that he couldn't escape no matter what, and he was being closely watched by the police. It was impossible for him to escape, so he might as well get more money.

"Don't worry, boss. I know what to do." He Guiquan said seriously.

It was not until He Guiquan left that Chen Songqing's face became terrible. He was smoking the cigar between his fingers desperately, and there seemed to be no intention of stopping.

He was also worried that he would not be able to escape. After all, the impact of the incident was too great and the combined power of the banks was enormous.

Contrary to Luo Qihong's expectations, the heat of the murder case of Chen Songqing of Jianing Company gradually subsided, and it could not suppress the craze of currency exchange and food snatching.

The currency exchange issue finally evolved into food hoarding by the middle and lower class citizens. Under the open regulation of the Hong Kong government, prices only rose slightly, but secretly, the prices of food such as mineral water and rice skyrocketed, and some unscrupulous businessmen even raised the prices by 120%.

With the help of Hexiang Trading Company's channels, Luo Qihong also stockpiled a lot of daily necessities in advance. However, he was quite conscientious and sold some of them to employees of his company at cost price, and sold them to some citizens and dealers at a 2% premium.

Such a project earned a profit of 4 to 5 million yuan, which is a huge profit.

Deep Water Bay Luo Family Villa

Lin Ya directed the servants to load and unload daily necessities. These things were all left by her at the request of Luo Qihong. Judging from the quantity, they were enough for the Luo family's four members and the servants to live for three months.

Although Luo Qihong reminded Lin Ya that he had a trading business and these daily necessities were easy to get and there was no need to stockpile, Lin Ya did not listen. She thought that even if she could buy them, they would be more expensive, so it would be better to stockpile some now.

Seeing this, Luo Qihong was too lazy to persuade them and asked them to keep the things.

"You didn't see, the people outside are going crazy looting. Even the big department stores and supermarkets have been emptied. Now supermarkets can only be open for four hours a day, and there is basically nothing left." Lin Ya was a little frightened. It reminded her of what happened in the 4s, the scenes of looting and smashing.

Sister-in-law Chen Yusan's face didn't look very good either, and she seemed absent-minded and thoughtful.

Luo Qihong glanced at Chen Yusan and followed up on Lin Ya's words, "Mom, I've already said that I'm in the business of trade. I won't be short of these things. We don't need to stockpile so much at home."

"And this turmoil will not last long. The Hong Kong government will introduce monetary policy to stabilize the market."

Lin Ya rolled her eyes. "This is not the first time I've seen this kind of scene. How swiftly can the Hong Kong government act? The scene back then (in the 60s) was so horrific that it lasted at least half a month. This one should last even longer."

Luo Zegui said in a deep voice, "We should be more cautious in doing this. Food has a long shelf life. The worst that can happen is that we can eat it for a little longer. If the price does go up, we can save some money."

Seeing Chen Yusan like this, Lin Ya asked with concern, "What's wrong? Are your in-laws still short of daily necessities? If so, we can give some to them."

Chen Yusan woke up with a start and waved her hands quickly, saying, "Mom, no need. My parents have stored a lot of it, it's enough."

Lin Ya was still a little worried and was about to ask more questions, but Chen Yusan quickly explained, "Mom, I was thinking about Shengyun Printing. It's been so chaotic recently that the business volume has decreased a lot."

Lin Ya also knew some of the company's affairs, and nodded, "It should be better after this period of time. There is no point in worrying now, so it is better to be happy."

(End of this chapter)