Chapter 298 298 Jump! despair!

  Suddenly a large sum of money entered the market, buying the bottom of the Hang Seng Index!

  This made the Hang Seng Index U-turn and rose by 60 points, rushing to the 17093 position.

  Heishan Investment Bank, Wang Guanxi said with a little regret: "Maybe it will not fall below the 17,000 position in the morning."

  Zhang Dexi also said: "It's a pity, let Zhang Huiming's grandson account live a while longer"

  Huang Shaokai: "Perhaps they have liquidated their positions."

  Wang Guanxi: "Drink some tea and wait for the Hang Seng Index to fall below 17000!"

  "Maybe it's just a short-term venture capital entering the market, and it will fall again soon!"

   "Yes, BOSS"

  Then everyone drank tea.

  Sure enough, the Hang Seng Index was unable to break through the 17100 position, and turned around and plummeted.

  After 10 minutes, it fell to the 17035 position.

   Hit back to the prototype.

  Minghui International Securities Co., Ltd., Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu were completely stupid and desperate.

  It’s only been a long time since I was not happy, and I fell into despair again!

"Do not!"

"No"

  "Don't fall anymore"

   "Go back!"

  But God is very ruthless this time!

  The Hang Seng Index continued to fall. When it fell to the 17030 position, the 60,000 long Hang Seng Index in their account was forcibly liquidated!

  Bounce!

  The Hang Seng Index fell below the 17,000 position and fell to the 16,970 position.

  Minghui International Securities Co., Ltd. lost 2.4 billion Hong Kong dollars this time. This time the company was completely finished.

The four of them are desperate.

  Stayed in the trading room desperately without saying a word.

  At this time, Zhang Huiming's phone rang. He numbly picked up the mobile phone on the table, and saw that it was Feroz Sanhavi of the Imperial Bank of India.

  Zhang Huiming suddenly felt cold.

  Feroz Sanhavi used to be mindful when investing before, and now he is demanding to pay off his debt.

  Minghui International Securities Co., Ltd. has liquidated its position. The money in the account is actually funded. Before, they only collected 2 billion Hong Kong dollars, and then allocated 1 billion to raise 3 billion Hong Kong dollars.

  Used the 100 times leverage of the Imperial Bank of India to buy the Hang Seng Index. Now the account is liquidated, and 600 million Hong Kong dollars are left.

  All returned to the Imperial Bank of India, but there is still 400 million Hong Kong dollars in the shortfall, plus the 100 million Hong Kong dollars of Feroz Sanhavi, which is 500 million Hong Kong dollars.

  Feroz Sanhavi will take away the property rights of Minghui International Securities Co., Ltd. on the 15th and 16th floors of Wangtian Building, and all the rest of Minghui International Securities Co., Ltd. will be taken away by the Imperial Bank of India.

  There is no way now, because there is still 400 million Hong Kong dollars in debt, which is simply not repayable.

  Now the Bank Imperial Bank wants to take away everything that is left.

"Oh, it's over this time." Zhang Huiming glanced at Qian Mingyuan, Jia Baowei, and Jin Xu, then sighed: "Now Feroz Sanhavi is calling, asking the cabbage price to take away the company. what should we do?"

Qian Mingyuan scolded angrily: "Feroz Sanhavi was not well-intentioned at the beginning, and when he allocated funds, he did not give us more allocations. He also specially provided us with 100 times leverage. Just set the pit, let's jump"

Jia Baowei also cursed: "TM, this Indian is really insidious, he didn't really want to invest in Minghui Securities from the beginning, Mr. Zhang, you were deceived by that Feroz Sanhavi from the beginning, he really wanted to What I want is the property rights on the 15th and 16th floors of Wangtian Building"

   Jin Xu angrily said: “Now that Indians come to collect debts, we don’t have any excess funds. Is the company really going to be taken away?”

  Now Minghui International Securities Co. has fallen into such a field, partly because of the instigation of Indians.

  "Now we still owe 400 million Hong Kong dollars to the Indians. We can no longer pay it back. This company can only be taken away"

  "Well, the client assets of the company's securities department still have 50 billion Hong Kong dollars. If you do a good job of brokerage business every year, you can have at least 100 million Hong Kong dollars or more in net profit a year.

  If done well, even a net profit of 150 million Hong Kong dollars"

   "TM's, this Indian probably got the company's idea early on"

  At this time, Zhang Huiming’s cell phone was still ringing and asked: "Is this Feroz Sanhavi phone answering or not?"

  "If you don't pick up, they will come with a lawyer"

   "Let's pick it up"

   "Look at what Feroz Sanhavi says and writes!"

  So Zhang Huiming called Feroz Sanhavi, and asked: "Mr. Sanhavi, what's the matter?"

  Feroz Sanhavi asked on the phone: "Why are you only answering the phone now?"

  He knew that this Huiming didn’t want to answer the phone, but if he couldn’t, he would arrange for a lawyer to take away the property rights of Minghui International Securities.

When    called, he specifically notified Zhang Huiming.

  Zhang Huiming explained: "Sorry Mr. Sanhavi, I was in the bathroom just now."

  Feroz Sanhavi sneered: "Okay, don't hide anything from me, now I'm here to notify you specifically"

  Now this Huiming has no use value, basically the task has been completed.

  Before, Zhang Huiming united Qian Mingyuan, Jia Baowei, and Jin Xu to integrate the four companies of Minghui Securities, Mingyuan Securities, Baowei Securities, and Jinxu Securities to form Minghui International Securities.

  Customer assets of 50 billion Hong Kong dollars, and a complete brokerage team, Feroz Sanhavi is quite satisfied with this.

  Zhang Huiming pretended to be ignorant and asked: "Mr. Feroz Sanhavi does not know what you are coming to notify me?"

  Feroz Sanhavi said very directly: "Mr. Zhang, the property rights on the 15th and 16th floors of Wangtian Building are mine."

   "By the way, Minghui International Securities Co., Ltd. also liquidated its position this time, leaving 600 million Hong Kong dollars. This 600 million Hong Kong dollars will repay our debt to the Indian Imperial Bank!

   "However, there is still a gap of 400 million Hong Kong dollars. Now I am taking over Minghui International Securities Co., Ltd. in the name of Imperial Bank of India!"

  Speaking of this, Feroz Sanhavi also has a lingering heart. He never expected that the Hang Seng Index would directly gap up by 760 points, causing 1 billion Hong Kong dollars in debt.

  The 1 billion Hong Kong dollars was advanced by Imperial Bank of India to Minghui Securities.

  Fortunately, after the liquidation, 600 million Hong Kong dollars are left.

  The 600 million Hong Kong dollars are used to make up for debts.

  But this is 1 billion Hong Kong dollars in debt, which is 400 million Hong Kong dollars short.

  If Minghui International Securities Company goes bankrupt, then this 400 million Hong Kong dollar debt is the loss of the Indian Imperial Bank.

  Fortunately, there was no more allocation when allocating capital, only HK$1 billion was allocated to Minghui International Securities Company.

  Now Minghui International Securities Co., Ltd. has 50 billion customer assets in the securities department, which can be collected by Indian banks.

  Then resell it to other financial institutions in need to obtain funds to make up for the loss of the Imperial Bank of India.

  Of course, the Imperial Bank of India can also swallow the 50 billion Hong Kong dollar customer assets.

  But Feroz Sanhavi feels that the 50 billion Hong Kong dollar customer assets are not worth 400 million Hong Kong dollars.

   Therefore, the Imperial Bank of India was also affected by the liquidation of the Minghui International Securities Company.

  Moreover, it was Feroz Sanhavi who allocated funds to Minghui International Securities Company.

  So he is also responsible for this loss.

  At this time, Zhang Huiming tentatively asked: "Mr. Feroz Sanhavi, can you give us some time, I will find a way to pool money to repay this 400 million Hong Kong dollar debt"

  Now on the 15th floor of Wangtian Building, the property rights on the 16th floor have been taken away by Feloz Sanhavi.

  But Minghui Securities Co., a company built by the four of them, can’t be taken away directly.

  Feroz Sanhavi said: "Mr. Zhang, don’t dream, the lawyer will pass by soon."

  This idiot Zhang Huiming actually wants to delay it?

How can it be!

  He will not give Zhang Huiming any time.

  I will take this company today.

  This Minghui International Securities Company will belong to the Imperial Bank of India.

  Although Minghui International Securities Company is currently not worth 400 million Hong Kong dollars, at least it will not lose too much.

  Zhang Huiming quickly said: "Mr. Feroz Sanhavi, we can find a buyer, buy Minghui International Securities Co., Ltd."

   Then he analyzed the gains and losses.

   "Your Imperial Bank of India can't get much money even after taking away Minghui International Securities."

  Now Minghui International Securities Co. only owns 50 billion Hong Kong dollars in client assets, has a brokerage analysis team, and the investment banking department does not have much profit.

  I do the math, Minghui International Securities Company’s annual net profit can be as high as 100 million Hong Kong dollars.

  It will take you nearly 4 years for the Imperial Bank of India to recover the loss of 400 million Hong Kong dollars."

   "If Mr. Feroz Sanhavi you ask us to sell Minghui International Securities Co., Ltd., the other party will assume this 400 million Hong Kong dollar debt. What do you think?"

  Now that Minghui International Securities Company is taken away by the Imperial Bank of India, Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu will not get anything, and they will not give them a dime. Of course, the four of them are not willing.

  If Minghui International Securities Co., Ltd. is sold, it may be sold for tens of millions of Hong Kong dollars.

  But who is willing to accept the 400 million Hong Kong dollar debt of Minghui International Securities Company?

  Where can the four of them find buyers?

  Feroz Sanhavi on the phone smiled and said: "Mr. Zhang, I have to say that your proposal is very good, but I won't give you too much time, just one morning.

  Before this morning, if you did not find a buyer, our Imperial Bank of India took away Minghui International Securities. Now we arrange a lawyer to go there and prepare"

  When Zhang Huiming heard this, he immediately scolded Feroz Sanhavi, the eldest grandson, for just giving him a morning!

  However, Zhang Huiming knelt and licked his mouth and said: "Mr. Sanhavi, can you give me some time?"

  Now sell Minghui International Securities Co., Ltd., and let other financial institutions take over 400 million Hong Kong dollars in debt. Perhaps it can really sell for tens of millions of Hong Kong dollars.

   And this Feroz Sanhavi just gave them one morning.

  Where can they find buyers?

  Qian Mingyuan, Jia Baowei, and Jin Xu are even shouting at the grandson of Feroz Sanhavi.

However, on the phone, Feroz Sanhavey said: "Mr. Zhang, you only have one morning. It is already 10:30. Sell Minghui International Securities Co., Ltd. before 2 pm, or I will take it. Go Minghui International Securities Company!"

  After finishing the call, Zhang Huiming was so angry that he cursed: "This Indian is a real bastard!"

  Qian Mingyuan also scolded: "This Indian is really a mess, and he only gives us a few hours."

   Jia Baowei also cursed: "Feroz Sanhavi, the insidious mess, made it clear that he forced us to hand over the company, and then he changed hands and sold it, **** it."

  Jin Xu furiously hammered the sofa and said: “Once we hand over Minghui International Securities to Feroz Sanhavi, this guy will definitely change hands and sell it to other financial institutions, and then get the price difference in between for profit.”

  This Feroz Sanhavi is so anxious to take away Minghui International Securities Company, and he definitely wants to resell it, so that he can get some money.

  And if they sell Minghui International Securities Co., Ltd. before 2 pm, they can still get some money.

  If it cannot be sold, Feroz Sanhavi will take Minghui International Securities Company and sell it!

  Zhang Huiming sighed and said, "Where are we going to find a buyer now?"

  Qian Mingyuan also lamented: “With 400 million Hong Kong dollars in debt and 50 billion Hong Kong dollars in customer assets, I don’t know who is willing to take over?"

  Jia Baowei thought for a while and said: "Daoheng Securities, how about CLSA?"

When Jin Xu heard this, he said excitedly: “Behind this Daoheng Securities is the Michael Kadoorie family of Hong Kong’s top ten consortiums, and behind CLSA is the Crédit Agricole Group, both of which are very powerful securities companies. Perhaps Selling Minghui International Securities to them can get a good price"

  Zhang Huiming asked: "I don't know how much the 400 million Hong Kong dollar debt is worth, just call them and try."

"it is good"

   Then Zhang Huiming and others called Jiao Xiongbing of Daoheng Securities Co., Ltd. Adolf Roguli of CLSA directly said that they would sell Minghui International Securities Co., the debt was 400 million Hong Kong dollars.

  If you buy it, you will assume the 400 million Hong Kong dollar debt of Minghui International Securities Co., Ltd.

  The asking price is HK$50 million!

  Dao Heng Securities Jiao Xiongbing and CLSA’s Adolf Rogulli both heard 400 million Hong Kong dollars in debt, and customer assets were 50 billion Hong Kong dollars.

  Forget it, if the 50 billion Hong Kong dollar customer assets are traded 10 times a year, it will be 500 billion trade volume, and 20 times it will be 1 trillion trade volume.

  If you hold the two-way commission fee, the total annual commission income can be as high as 300 million to 600 million Hong Kong dollars. If the pure commission income is between 100 million and 200 million Hong Kong dollars.

  The asking price was 50 million Hong Kong dollars, and the debts of 400 million Hong Kong dollars were assumed. The two suddenly felt a little worthless.

   "Mr. Zhang, we have to consider"

   "Mr. Jin, let's take the test first"

   ended the call, Jiao Xiongbing and Adolf Roguli were lost in thought.

  This time I bought more shares of Hang Seng Bank, spent 5 billion Hong Kong dollars, bought 61 million shares, and opened a position at 81.96 Hong Kong dollars per share.

  But today, when the Hong Kong stock market opened, the Hang Seng Index plummeted, and Hong Kong stocks plummeted across the board. The Hang Seng Bank’s share price has fallen below HK$80.00 per share and dropped to HK$78 per share.

  Now Daoheng Securities, CLSA’s funds are trapped.

  The floating loss per share was nearly 4 Hong Kong dollars, for a total floating loss of 240 million Hong Kong dollars.

   Jiao Xiongbing said, "Give them 5 million Hong Kong dollars!"

  Adolf Roguli nodded: "Well, then 5 million Hong Kong dollars, TM's, 400 million Hong Kong dollars in debt, and 50 million Hong Kong dollars for the face?"

   Jiao Xiongbing thought for a while and said: "They are now anxious to sell the company, 5 million Hong Kong dollars will definitely be able to win, if there is more, don't give it!"

  Adolf Rogulli: "Well, yes, Zhang and the others will definitely sell it for 5 million Hong Kong dollars, hehe, we'll just wait for them"

   Then Jiao Xiongbing called and responded to Zhang Huiming and others.

  The price is directly cut by 90%!

  5 million Hong Kong dollars.

  Zhang Huiming, Qian Mingyuan, Jia Baowei, and Jin Xu felt that they were just as if they had been sent a beggar, and they were suddenly unwilling.

   "Mr. Jiao, 5 million Hong Kong dollars is too little, at least 30 million Hong Kong dollars, right?"

   "Mr. Adolf Roguli of Honor, you only gave 5 million Hong Kong dollars. Doesn't this treat us as beggars?"

   "Mr. Jiao, this Minghui Securities Company has 50 billion Hong Kong dollars in client assets. If your brokerage team does a good job in business, you can pay back in 2 years."

   "Mr. Roguli, this Minghui International Securities Company also has a very professional team. These are very good resources. With 50 billion customer assets, why are they all worth more than 30 million Hong Kong dollars?"

The four of them kneeled and licked Jiao Xiongbing and Adolf Roguli like grandsons.

  (End of this chapter)