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On October 27, 1983, Landmark's main partner, the Carrian Group, announced a short-term cash flow problem.

Later, it was liquidated by the bank.

On November 2, Landmark's other big friend in real estate, Yida Investment, also announced a debt restructuring.

After that, only Landmark was left to fight alone, and its predicament can be imagined.

In mid-January, 1983, Xu Cun finally gave He Chaoqiong and Yuan Tianfan an order to make Land Land worse off. Xu Cun asked He Chaoqiong and Yuan Tianfan to sell the stocks that they were betting against Land Land, and ordered them to be in February before the new year. Before the 12th, all the stocks that bet with Landmark were thrown out.

Xu Cun's order caused the stock of the former real estate king, Landmark Group, to drop sharply, and also caused the Group's debt to increase sharply. In just a dozen days, Landmark became Hong Kong's largest indebted company, and was dubbed the "debt". king".

By the beginning of February, Xu Cun had already withdrawn HK$5 billion in cash from the stock market, and Xu Cun still had about HK$5 billion worth of Landmark shares, and the total debt of Landmark had soared to HK$16 billion. .

If Xu Cun continues to sell the stock of Landmark, then Landmark will not be able to restructure the debt unless it deals with the assets at a low price and pays off the debt of Xu Cun.

actually--

Landmark has been secretly dealing with assets for a long time.

A few months ago, Landmark secretly placed 72 million Jardine shares at HK$12.3 per share, cashing out HK$860 million, making Landmark's stake in Jardine from 42.6%. reduced to 25.3 percent. At the same time, Jardine also reduced its stake in Landmark from 30% to 25%.

Some time ago, Jardine Securities purchased 12.5% ​​of Jardine's shares from Landmark for 2.78 billion yuan, which further reduced Landmark's stake in Jardine to 12.5%.

In other words, Landmark, which only holds 12.5% ​​of Jardine's shares, has almost become a subsidiary of Jardine Group.

On February 2, Jardine New York, Chairman of Jardine, and Bao Fuda, Managing Director and General Manager of Landmark, approached HSBC Chairman Shen Bi and the newly appointed Hong Kong Governor Sir Edward Youde as middlemen to ask Xu to negotiate at HSBC's headquarters.

Nine in the morning.

Xu Cun brought He Chaoqiong, Mei Aifang, Yuan Tianfan, Tu Weiguo, and Wang Xuejie to Shen Bi's office at HSBC headquarters on time.

Those who do important things are not late -- when Xu Cun and his party arrived at Shen Bi's office, Shen Bi, New Bijian, and Bao Fuda were already there.

Seeing this, Xu Cun said politely, "I'm sorry, I'm late."

Shen Bi glanced at Xu Cun's extremely young face, and said with a smile, "We came early."

Shen Cong, British, graduated from St. Edward's College, Oxford University. During his tenure, HSBC's profit grew rapidly, and its business development reached its peak.

In 1979, Shen Cong sold all the common shares of British-owned Hutchison Enterprises held by HSBC to Cheung Kong.

In 1980, Shen Cong used 2 billion Hong Kong dollars to support Bao Yugang to buy a controlling stake in Wharf, and successively recruited several Chinese members such as Li Ka-shing and Deng Lianru to join the board of directors of HSBC.

In 1985, Shen Conge spent 5 billion Hong Kong dollars to build the HSBC head office building, and another 3.1 billion US dollars to buy a 51% stake in the American Ocean Millan Bank, showing the strong HSBC under his management. Therefore, the people of Xiangjiang call Shen Conge "the King of Taipan".

Shen Porridge has a lot of face in Xiangjiang, and even Xu Cun owes Shen Porridge's favor (Xu Cun's two loans from HSBC were specially approved by Shen Porridge).

It is precisely because of this that Xu Cun sold Shen Porridge and the new Hong Kong Governor You Min's face, suspended the sale of Landmark's shares, and sat down to talk with New Bijian and Bao Fuda.

At this moment, New Bijian and Bao Fuda could not wait to tear up Xu Cun and eat them piece by piece, but they had to beg Xu to save them.

Based on this complex psychology, New Bijian and Bao Fuda invariably showed Xu Cun a stiff smile that could no longer be forced.

And Xu Cun rushed to show a sincere smile to New Bijian and Bao Fuda, who were worth seven or eight billion.

After a while, the Governor of Hong Kong, You Min, also arrived.

You Min rushed to Xu Cun, who stood up to greet him, and the others nodded lightly, and then sat on the main seat that everyone had reserved for him at the negotiating table.

After sitting down, You Min rushed to Xu Cun and said straight to the point: "Mr. Xu, for the sake of me and Shen Conge, can you give Centennial Land a chance?"

Xu Cun glanced at New Bijian and Bao Fuda, and said to You Min, "It depends on what Mr. New Bijian and Mr. Bao Fuda use to impress me."

You Min didn't speak anymore, he looked directly at New Bijian and Bao Fuda.

Bao Fuda took a deep breath and said, "Mr. Xu, I wonder if you are interested in buying a stake in Landmark?"

Xu Cun said without even thinking, "I'm not interested."

Xu Cun's answer was far beyond the expectations of New Bijian and Bao Fuda - you must know that Landmark has a huge portfolio of high-end commercial buildings in the prime location of the Central Banking District, the heart of Heungkong's economy, and is known as Heungkong Properties' crown jewel. '. Controlling Landmark can be regarded as the "king of kings" in the real estate industry of Heung Kong.

Bao Fuda didn't believe that Xu Cun was not interested in investing in Landmark, so he said leisurely: "Mr. Xu, I can guarantee that if you want to become a shareholder of Landmark, you only have this chance in your life!"

Xu Cun ignored Bao Fuda's self-righteousness, but nodded to You Min and Shen Conge respectively, and then said to New Bijian and Bao Fuda: "For the sake of the Governor of Hong Kong and Mr. Shen Conge, I will give Landmark a chance... As long as you give me three things, I will return the Landmark shares in my hands to you~lightnovelpub.net~ New Bijian asked Xu Cun in a deep voice: "I don't know what the three things Mr. Xu said? "

Xu Cun stretched out a finger and said, "The first one, the land king by the seaside of Hong Kong Island."

Hearing the first thing Xu Cun wanted, the expressions of Niu Bijian and Bao Fuda changed dramatically at the same time - if they can get out of the current predicament, the land king by the seaside of Hong Kong Island in the most prime location can at least earn hundreds of dollars for Land Land. billions of profits. In the last life, Landmark sold 34.9% of the shares of Heung Kong Telephone Group and Hong Kong Electric Group. They were not willing to sell Land King by the sea on Hong Kong Island. Later, Jardine Group relied on the exchange square built on Land King to earn money. extremely profitable. It can be seen that the value of the land king by the seaside of Hong Kong Island.

Xu Cun didn't seem to see the expressions of Niu Bijian and Bao Fuda, so he stretched out a second finger and said, "Second, Landmark is in the old wing of the Miramar Hotel in the tourist center of Tsim Sha Tsui."

The old wing of the Miramar Hotel in the tourist center of Tsim Sha Tsui, which was purchased by a consortium of Landmark and Carrian for 2.8 billion yuan, is also a treasure, and its value is even higher than the second section of Admiralty.

The only pity is that the Landmark only has a large part of the old Miramar Hotel wing, and another small part of the Miramar Hotel old wing originally belonged to the Carrian Group. Due to the bankruptcy of the Carrian Group, the part of the Miramar Hotel that belonged to the Carrian Group is now The old wing is up for auction.

Hearing that Xu Cun still wants the old wing of the Miramar Hotel, New Bijian and Bao Fuda are going to run wild!

Fortunately, New Bijian and Bao Fuda, who have experienced strong winds and waves, still have a bit of the consciousness of being fish. After they each took two deep breaths, they chose the opposite and stopped speaking.

Xu Cun, who stretched out his third finger, smiled slightly and said, "Don't worry, the third thing won't make your flesh hurt, the third thing is the 2.4% of the Phoenix Terrace held by the Jardine Group. shares."

...

(To be continued.)