I lost my vegetative state, and I became the richest man in the world

Chapter 765 The Carrian Empire Is About to Collapse!

1982 10 Month 4 Day.

Monday.

It was the second day after Yang Ming returned to the Repulse Bay Mid-Levels Villa.

Early this morning.

When Yang Ming got up, he found that the weather in Xiangjiang was still very hot, so he went to the swimming pool to swim a few laps, and he became much more awake.

Yang Ming got up and went upstairs to change a set of clothes, and came down to have breakfast with Yang Jirong and his wife in the garden restaurant.

Yang Ming noticed the Carrian Group news.

The Carrian Group is afraid that it is about to collapse.

Last year, Xiangjiang's news media also promoted Chen Songqing's Carrian Group as the Carrian Empire.

At that time, Xiangjiang media reported that there were two Chinese business empire groups in Xiangjiang.

The first one is Sir Yang's Imperial Group.

The second one is Chen Songqing's Carrian Group.

However, Yang Ming knew that Chen Songqing's fox tail would soon be exposed, and the hole of Carrian Group was even more terrifying than Xiangjiang's Huazi Bank.

Yang Ming put the newspaper aside and finished breakfast with his parents.

"Daddy, Mommy, I'm going to work."

Yang Ming got on the Rolls-Royce and headed towards the Imperial Group.

Come to the Imperial Group.

Lin Xiuzhi had already come to work early.

"Morning, boss."

"You will send Meris to see me soon."

"Yes, boss."

Lin Xiuzhi first made a cup of coffee for the boss, then went to the general manager's office next door and called Meris over.

"boss."

Meris sat down opposite Yang Ming.

"Maris, how is the property acquisition now?"

"We have always acquired properties in Xiangjiang at low prices, and they still look very good."

At this time, the prices of too many properties in Xiangjiang have been reduced. It can be said that the properties in the entire Xiangjiang are priceless. Now that the Imperial Group has purchased those properties at a low price, many people have just sold them.

These are all going according to plan.

In addition to Yang Ming, Xiangjiang and Li Jiacheng can also see that now is the opportunity to enter Xiangjiang Real Estate. However, Li Jiacheng has no money, so he can only watch helplessly.

"Mai Lisi, do you know Carrian Group?"

"Boss, that Chen Songqing you're talking about?"

Yang Ming mentioned several times that Chen Songqing was a liar in front of Mailis and others, and Mailis and others also noticed that there was indeed a problem between Chen Songqing and Carrian Group.

However, before that, Meris didn't pay much attention to it.

And last month, on September 9, Carrian announced the sudden release of interim results, with a profit of HK$26 million, an increase of 2.7% over the previous year, and announced an interim dividend of 2.75 cents per share.

It seems that Carrian Group's interim results are not high.

However, after all, this year involves a sharp drop in properties. If Carrian Group releases its mid-term results and profits, it is still considered good in many financial analysis.

Yang Ming knew that this data was falsified, and not many people knew about it.

At the end of last year and the beginning of this year, Carrian Group borrowed a lot of money from Huifeng Bank and Shen Yan. In addition, it also borrowed a lot of money from other banks by using the reputation of Huifeng Bank.

Chen Songqing and Carrian borrowed money from banks, usually with their stocks or properties as collateral.

Generally speaking, bank loans are limited to 50% of the stock market price. If the stock price falls, the lender will have to take out more stocks or repay part of the loan.

Chen Songqing understands the truth, so he pays great attention to the ups and downs of Carrian stock.

For this reason, he did not hesitate to use various tactics to "support the market", or continuously issued big-moving statements, or "leaked" news that was beneficial to him, or bought the company's stock at a high price, so that his company's stock price continued to rise, which made people feel that There is a very active market for these stocks.

In this way, when applying for a loan, the use of stocks as collateral will be accepted by the bank.

Another reason why Carrian can easily borrow money is Chen Songqing himself.

Simply put, his approach has knocked out many bankers who felt that Chen had seemingly inexhaustible funds and power.Chen Songqing is a collector of famous paintings from country F, and his collections are often hung in the office.

In 1982, Chen Songqing owned five Rolls-Royce cars. According to a local Rolls-Royce agent, this is now the highest number of individuals owning such cars in Xiangjiang, except Sir Yang, the chairman of Imperial Group.

With the support of a steady stream of funds from the bank, Chen Songqing launched dazzling acquisitions.

At its peak in mid-1982, Carrian has become a large-scale diversified enterprise group in Xiangjiang, with more than 100 subsidiaries, including three listed companies, Carrian Real Estate, Vinda Shipping and Chang Life Insurance. It is close to the long-established British capital such as Wheelock and Swire.

However, after the stormy development of Carrian Group, it failed to consolidate its achievements in time. Perhaps it involved too many fraudulent elements in its business transactions to consolidate.

In 1982, the god of luck no longer favored Carrian, and Carrian Group began to fall into difficulties due to changes in the external economic environment.

At this time, its main partner, Zhong Zhengwen, chairman of Yida Group, woke up earlier than Chen Songqing. He discovered that the five projects he and Chen Songqing cooperated with made him in debt as high as 13 billion Hong Kong dollars, which may make him bankrupt.

He tried to pull away, not caring what the consequences would be for his partner.He also found that Chen Songqing used his shares for personal gain and harmed his interests.

Therefore, he decided to have a showdown with Chen Songqing, and asked Chen to let him get away with generous terms.

Zhong Zhengwen sent someone to investigate Chen Songqing's early activities. Since he could expose the whole thing, Chen Songqing had to give in to this act of commercial extortion and reconcile with Zhong Zhengwen.

The terms of the settlement did more harm to Carrian.

At this time, the external economic environment that had been favorable to Chen Songqing's expansion began to reverse rapidly.

In fact, since the second half of 1981, the recession of the world economy has made Xiangjiang’s economy depressed. Interest rates have been high, the Hong Kong dollar has depreciated, internal consumption has shrunk, and corporate profits have declined. Unstable factors have emerged one after another.

After seven or eight years of ups and downs, the real estate market in Xiangjiang has reached its peak state, and the vacancy rate of various properties has reached an extremely high level. The so-called high position is dangerous.

By the second half of 1982, the situation had worsened. The Hang Seng Index, which reflected changes in market confidence, had fallen from 1405 points at the beginning to 7 points at the end of July, a drop of 1150%.

And on September 1982, 9, Mrs. Sacher visited Yanjing taking advantage of the great victory in the Falklands battle, and proposed to exchange sovereignty for governance power, but was rejected by the old man. As a result, she fell down in the Great Hall historically. A fall shocked the world at the time.

When the news reached Xiangjiang, the stock market and property market, which had already been exhausted, fell in response, and Carrian Group's difficulties quickly surfaced.

As for Carrian Group's interim results announced at the end of last month, it was only used to continue to deceive investors.

"The Carrian Group is about to collapse soon."

Yang Ming looked at Meris and said.

This time, not only Mailis was shocked, but Lin Xiuzhi was also shocked.

After all, at this time, the market value of Carrian Group is still very high, with hundreds of companies under its umbrella, the scale can be called Wheelock & Co., Swire & Co., why is it about to collapse?

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