Hong Kong Storm: The King of Jobs

Chapter 605, page 195: Reconciliation is the only option
(Thanks to Lin Jiangxian for her support! Thank you so much!)
(Diarrhea! I started having diarrhea after eating at an all-you-can-eat Japanese restaurant, and my legs felt as weak as cooked noodles!)
"To be honest, I prefer discussing the Bible with Chi Sheng because he always comes up with surprising insights and gives me a completely new perspective!"

Xia Jiade's eyes were icy cold; he looked at the Wen family members as if they were a bunch of lambs to the slaughter.

Monofilament continued to hold up his teacup, savoring the delicious coffee inside.

Neither of them spoke, and their gazes were fixed on the Wen family team in the small conference room.

The Wen family members were completely unaware of Xia Jiade and Dan Sijie's gazes because the glass curtain wall of Xia Jiade's office was one-way transparent, and the Wen family members could not see what was happening inside the office.

Handsome Sheng hasn't arrived yet!
Wen Hailiang coughed in dissatisfaction, looked at the public relations manager of Jardine Matheson Insurance, and said, "Mr. Baldwin, we would like to discuss the details of the contract!"

Baldwin, the public relations manager of Jardine Matheson Insurance, immediately stood up and said with a smile, "Then I won't bother Mr. and Mrs. Wen any longer!"

After Baldwin finished speaking, he turned and left the small conference room.

After everyone left, Wen Hailiang looked at Zhuang Lu, who was organizing materials: "Is there any loophole in the contract?"

Wen Hailiang only learned about the fire at Warehouse No. 15 early in the morning. The seafood and other goods inside the warehouse were all destroyed, cutting off the Wen family's escape route.

Only two batches of goods have been supplied so far, weighing only a few hundred kilograms. There's simply no way to make up for the remaining two tons.

Early in the morning, Wen Hailiang called several large seafood shops, hoping to get some goods from other seafood vendors to make up for the shortage of Riri Fresh seafood.

However, the seafood vendors did not offer any assistance. Firstly, Tian Tian Seafood needed too much seafood, which would affect their own business. Secondly, Riri Fresh Seafood was short of dried sea cucumbers and would definitely have to talk to the major seafood vendors.

The advertisements have already been put out, but Daily Fresh is out of stock. Isn't this ruining their own reputation? In order to salvage their reputation, Daily Fresh will definitely repurchase. At that time, everyone can raise prices on the spot, or get long-term contracts.

Offering help in times of need is rare, but kicking someone when they're down is something we see every day.

The Wen family's branches in Southeast Asia didn't have much inventory either; they couldn't even gather enough for three or four futures contracts.

If there's no stock, then we can only offer compensation.

Attorney Zhuang did not participate in the business negotiations with Ri Ri Fresh. As a senior lawyer, he rarely handles business agreements, but this agreement was drafted by his law firm.

Specialized business negotiation lawyers are analyzing every clause in the agreement, then writing down their opinions and passing them on to Attorney Zhuang, who is seated at the head of the table.

The notepad was covered with densely written comments. Attorney Zhuang quickly scanned it, coughed, cleared his throat, and replied, "There are no loopholes. The commercial lawyers at Lawrence Law Firm are the model for all of Hong Kong."

"This business agreement is a model teaching material written into all the major law schools in Hong Kong."

"Jardine Matheson's legal team has written down every possible scenario in the copy, so there's no way they can manipulate the agreement!"

Attorney Zhuang stayed up all night reviewing the contract. He already knew the outcome, but lawyers are in the service industry, so he had to put on a show and make his boss feel better.

Wen Hailiang was very dissatisfied with this outcome, but he had no choice because Tiantian Fish Farm was the party at fault and a settlement had to be reached to buy him time.

He has contacted old friends in mainland China, hoping to buy a batch of dried sea cucumbers from his hometown of Tianjin, or a batch of dried Liaoning sea cucumbers, to finalize the deal.

However, business in Chung Ying Street is very slow, taking at least ten days to half a month to get a response. "Mr. Wen, I suggest you have a good talk with Mr. Liang. I am the legal advisor for Tian Tian Fish Farm. The mortgage loans I handle alone account for 65% of the total assets."

“I must remind you, Mr. Wen, if Jardine Matheson Insurance executes the freeze clause, Tian Tian Fishery will become insolvent immediately. The creditors are silent now because they want to see the outcome of this negotiation.”

“If the outcome is unfavorable, the creditors will immediately gather together, start hiring lawyers and accounting firms, and begin inventorying assets. Once the creditors believe that Tian Tian Fish Farm Company cannot repay the loan on its own, they will definitely take action.”

"Hang Seng Bank is the largest creditor of Tian Tian Fish Farm. Bankers don't do business at a loss. They will apply for a freezing order from the bank before Jardine Matheson Insurance and pursue the debt as soon as possible."

"According to Hong Kong's existing laws and the country's financial laws, there is no law on the priority of the largest creditor; applications are only processed according to the order of submission."

At this point, Zhuang Lu glanced at Wen Hailiang and the others, feeling somewhat embarrassed and unsure how to continue.

“Everyone here is on our side, and the legal team has signed a confidentiality agreement. We can speak frankly; we need to know the worst-case scenario.”

Wen Hailiang knew what Zhuang Lu was worried about, so he told Zhuang Lu to speak directly: they were in the same boat, no problem! But the people on the boat had to know the situation.

"The laws of Hong Kong and the Zu family cannot penetrate the family foundation and insurance policies, charitable foundations, but the family shareholders of Tian Tian Fish Farm will lock them down immediately. As long as the patriarch determines that it is a related company, it will be frozen."

“I think you all have many companies, businesses, stalls, office buildings, real estate, etc. As long as these businesses are under the names of your family shareholders, they will be frozen.”

The Wen family foundation and charitable foundations will be fine, but the Wen family's eldest branch, where Wen Hailiang is located, will definitely suffer serious damage.

Upon hearing this, both Wen Tianxin and Zhou Miaoyun's faces changed color.

Wen Tianxin has recently been venturing into the real estate industry, and Ding Quan owns many plots of land.

Zhou Miaoyun owns six wineries and the Hong Kong distribution rights for four French wine brands. Even Fu Wenpei owns more than a dozen tenement buildings and shares in six companies.

Moreover, they own more than a dozen sports cars, various kinds of precious jewelry, luxury handbags, tenement buildings, office buildings, and stalls.

Once frozen, all the hard work the three of them had put in over the years would be completely wasted.

Zhou Miaoyun glanced at her father-in-law sitting in the main seat, her eyes blazing with anger. The shares she held had been transferred to her on the 29th of the lunar year, and she hadn't made a single penny. Instead, she was about to lose her entire fortune. How could she not hate him?

Even if Wen Hailiang told her now that the gift of shares and the arrangement of company positions were to win the support of the Zhou family, she wouldn't believe it.

Doubt is a seed; once planted, it will surely take root and sprout.

“Mr. Wen, you and Mr. Liang have had good communication before. As long as you make a concession and reach an understanding agreement, you can prevent Jardine Matheson from getting involved.”

“If I remember correctly, Mr. Wen, you are also one of the shareholders of Riri Fresh. If Riri Fresh holds a board meeting, you must attend. Even if Riri Fresh prohibits you from voting under the pretext of related-party transactions, you must still attend.”

Zhuang Lu told Wen Hailiang all the precautions and told him to pay close attention.

(End of this chapter)