章節 1045: Chapter 1045: HSBC sells assets
By the time the press conference was held, the stock market had already opened, and the share prices of the companies in the Swire group and the three listed companies in the Carrian group plummeted as a matter of course.
Meanwhile, Norman Shi Yawai, who had been resuscitated at Hong Kong Sanatorium & Hospital, finally woke up and met with many of his children, including his eldest son, Corey Shi Yawai, who had flown in from the UK at short notice.
'Father, how are you feeling?'
After following his father's instructions and sending the others out, including his siblings, Corey Shi Yawai grabbed his father's hand and asked with concern.
'Not yet, I won't be going to meet God just yet,'
Norman Shiawai said softly, then asked about the company.
'Cory, what's the situation with the company now? Have HSBC and the other banks been here?'
The situation was of course very bad, and Cory Shiawai was afraid that if his father knew the situation, he would not be able to bear the blow and have another accident. But if he didn't let his father know, he couldn't make any decisions either.
Cory Shiawai forced a smile, and several times he opened his mouth without knowing what to say.
Norman Schiawasi's heart sank. He tried to sit up with all his strength, which startled Corey.
'Father, you lie down, don't sit up.'
'Help me up!'
Norman Schiawasi raised his voice and said without hesitation.
Corey had no choice but to carefully help his father up and take protective measures for him.
'Go ahead, tell me what's going on. Don't hide anything from me, I can handle it,'
Norman Schiawaye said, his eyes coldly staring at his eldest son.
Corey Schiawaye sighed, not daring to lie, and told his father the truth about what happened while he was unconscious.
'Father, after you fainted, the stock price of our company plummeted, not only falling below the warning line for the pledged loan, but even the market value of Swire Pacific Group fell below 3 billion Hong Kong dollars yesterday afternoon.'
'HSBC, Hang Seng Bank, Bank of East Asia, Citibank and other banks with which we have loan business have sent us warning notices or notified us in person, demanding that we replenish the security deposit or collateral within 24 hours, or they will hand over the pledged assets to them for disposal.'
'If we do not respond within 24 hours, they will forcefully initiate emergency measures, deeming that we have given up replenishing the deposit and collateral, and will exercise the right of pledge and dispose of the pledged assets on their own.'
'Because you have been in a coma and we really can't come up with the funds and additional collateral right now, we haven't given the banks a response yet.'
'Now there are less than two hours left before the earliest HSBC can give us the time.'
Norman Shi Yuhuai listened with a blank expression the whole time, as if what his son said had nothing to do with him.
In fact, it would be a lie to say that he didn't care.
But after this coma, he also understood and was prepared for the worst.
He had tried everything he could think of and had fought hard, but since the situation was out of control, all he could do was accept it.
To put it bluntly, his ambitions had been crushed by this blow, and the only thought in his mind now was to preserve as much of the family's assets as possible.
'Let the bank exercise its right to foreclose on its own. Don't want those mortgaged assets,'
Upon hearing his father's words, Corey Schiaway was taken aback and realised that he wasn't joking.
However, the bank was not someone to be trifled with, and just because he didn't want the assets didn't mean he could get rid of all responsibility.
After a moment of silence, Corey Schiaway nodded and said softly, 'Father, according to the current situation, after the bank auctions off the mortgaged assets, there is a high probability that the debt will be repaid. I'm not sure if the remaining assets of our family are enough to settle...'
Facing this extremely realistic problem, Norman Schiaway was silent.
The mortgaged assets will be disposed of by the bank itself. Generally speaking, the bank will definitely try to sell them for the highest price possible, but if some banks insist on cheating him, they can simply sell the mortgaged assets at a low price. After deducting the remaining debt, they still need to repay it.
If the family refuses to repay, the bank can sue them and apply to the court for compulsory enforcement. If there are really no other assets left, the bank will also blacklist them, which is very troublesome.
However, he could not intervene with the bank's exercise of its mortgage rights. Whatever they did was their own business. The only thing he could do was to plead with them.
'Hey...'
Norman Shi Yahuai sighed and said to his eldest son, 'Let's notify the bank first. We can only decide what to do next depending on the situation.'
Corey Shi Yahuai nodded silently and said in a low voice, 'Okay.'
...
Two blossoming flowers each represent a branch.
Just after the press conference, Xia Yu called Liu Tianci and Wang Qi back to his office.
Looking at the two men sitting upright, Xia Yu gave a small smile and got straight to the point: 'Last night I went to the MacLehose residence and talked to him about some things. I promised him that apart from letting some small banks that were too deeply involved with the Carrian Group go bankrupt, I would not let any medium-sized or larger banks go bankrupt.'
'In addition, it also involves the merger of the four major stock exchanges.'
'MacLehose promised me that he would make adjustments to the Joint Stock Exchange Founding Committee and let me recommend candidates to him.'
'Without any surprise, MacLehose will replace the current chairman of the committee.'
Wang Qi and Liu Tianci's eyes lit up, looking forward to Xia Yu's next words.
Xia Yu's gaze swept over Wang Qi, and then, in his lost gaze, he fixed on Liu Tianci: 'Tianci, I will push you into the position of committee chairman, and you will take the lead in overseeing the merger of the four exchanges. I will tell you how to do it in detail at the time.'
'Okay!'
Liu Tianci nodded in response.
Xia Yu then looked at Wang Qi and said with a smile, 'Wang Qi, don't be disappointed. I will push you into the position of vice-chairman of the committee. You will be mainly responsible for acquiring the equity of the four exchanges. Only when you become the majority shareholder of the four exchanges can you strongly promote the merger.'
'Now that the stock market crash has erupted, there is no doubt that the securities market will be sluggish in the next few years, and many other companies that are shareholders of the four exchanges have also suffered heavy losses. Now is the most opportune time to take over the equity of the exchanges.'
'After the merger of the four exchanges is on the right track, I will have more important things for you to do.'
Wang Qi was overjoyed, nodded emphatically, and shouted in response, 'Yes!'
Xia Yu nodded slightly, and then asked the two men, 'Do you have any questions?'
Liu Tianci and Wang Qi shook their heads successively.
'Okay, then. After you go back, each of you do your own job and act according to the original plan.'
'Yes!'
...
The first person to respond was Cory Sze Ah Wai, HSBC. After Lin Changlong reported to Shen Bi, Shen Bi was not surprised. He knew that the Sze Ah Wai family was broke and could not come up with the money or other assets to make up the shortfall in the mortgage.
Seeing that the value of the mortgaged assets would continue to shrink, Shen Bi did not hesitate to ask Lin Changlong to list the assets pledged by Sze Ah Wai and release them, and to state that they would be transferred and anyone interested was welcome to inquire about taking over.
The information revealed in this news was too huge, confirming that the Swire Group and the Shi Yahuai family were running out of money and had become insolvent!
The share prices of companies such as the Swire Group plummeted again, and the rate of decline of the entire Hong Kong stock market accelerated again.
After hearing Wang Qi's report, Xia Yu immediately gave instructions for Wang Qi to remain in place for the time being and pay close attention to who was interested in these assets.
Let the assets shrink a little longer first, and the price will be even lower when the time comes.
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票