Reborn since 1993

Chapter 427 Hornet’s Nest

Zhao Shinan stared at the phone on the table with red eyes. The elegant and suave image no longer existed. The phone rang more than ten times in succession, and bad news came one after another.

And it happened too quickly. Before Zhao Shinan could even come up with a solution, a project contracted by his construction company was suspended. The financial sponsor of the building called and threatened that if the problem could not be resolved by the next morning, Zhao Shinan would be fired and would also be required to pay a huge penalty for breach of contract.

The real estate market in Hong Kong is at its hottest right now. It has reached a frenzy and has been rising for twelve consecutive years.

Even if it experiences some twists and turns, it will soon rise again. House prices have increased more than ten times. Although many people complain that house prices are too high, every time a new property opens, thousands of people will line up to buy it.

The practice of paying tea fees when buying a house is not something that only started in the inland areas. In recent years, it has become much more serious in port cities. The tea fees paid to the sales office when selling a house start from 200,000 yuan. You can imagine how bad the market situation has become.

The reason why it is so popular is of course that there is money to be made. As long as you can grab a house, you won’t have to worry about not being able to sell it.

Anything related to housing can be speculated. Small players have their own way of speculating, which is to grab a house, and then sell it at a price increase of tens or hundreds of millions. One wave is equivalent to more than several years' salary.

When big players speculate, they use the entire building as bargaining chips. Today, they buy a shopping mall or an office building for hundreds of millions or even billions of dollars, and in a few months, they can sell it for double the price.

Under this kind of craze, naturally all parties are speculating desperately. Houses are like chips, constantly passing from one person's hand to another. Every time the chip passes through hands, it becomes heavier, and those who handle it have an extra layer of profit in their hands.

It is equivalent to stepping on the right foot with the left foot and taking off directly on the spot. The Hong Kong stock market and real estate have appreciated by 7 trillion Hong Kong dollars in seven years. Anyone related to these two industries has basically made a lot of money, but they have also been tied up. Zhao Shinan is one of them.

The projects that Zhao Shinan's construction company is currently undertaking are also taken over from other companies by paying a higher price, and then finding construction companies to do the work. He has taken out loans to advance the money, and if the building is not built, not only will he not make any money, he will also have to pay a large sum of money to the bank!
Not only his construction company, but also two buildings that Zhao Shinan took over from other companies and then sublet were ordered by the Housing Authority and other agencies to vacate the lease and renovate the buildings.

Now the residents of these two buildings are running to Zhao Shinan’s rental company to make trouble. The media in Hong Kong have already reported on it. If he cannot solve the problem by tomorrow morning at the latest, he may face... bankruptcy!

Zhao Shinan, who looks glamorous, borrows large sums of money from banks for his stocks, construction companies, and house rental companies. When the market is good, it is naturally not a problem. As long as he wants to borrow, Gangcheng Bank dares to lend him money!
Now that the two properties have run into problems, Zhao Shinan doesn’t know whether the bank is still willing to lend him money.

Bankruptcy, this word was something Zhao Shinan had never thought about before. He had also seen many reports in Hong Kong media about Hong Kong's "child prodigies" going bankrupt, but he had never thought that this day would happen to him.

Now, Zhao Shinan's mind was a little confused. He didn't know how it suddenly became like this. In the past, there were rumors in Hong Kong that if you provoke several wealthy families in Hong Kong, you will encounter a catastrophic disaster. No matter in the black or white world, no one dared to provoke those wealthy families.

Now Zhao Shinan had a preliminary understanding of what would happen if he provoked one of the top 20 richest men in Asia. In fact, Zhao Shinan felt the taste of killing a chicken to scare the monkey from this wave of operations, because he had used this trick on others before, but it didn't feel good when it was used on himself...

Before Zhao Shinan could even smile bitterly, the phone on the table, which had been quiet for a few minutes, suddenly rang again, and Zhao Shinan was startled.

My hands were shaking when I put them on the phone. After I answered the call, the person on the other end immediately said, "Mr. Zhao, I'm the lending manager of Standard Chartered Bank. You have a loan. We hope you can come to our bank to repay the loan tomorrow, otherwise we will..."

After cursing angrily and hanging up the phone, Zhao Shinan gasped. He thought the bank would destroy the bridge after crossing it, but he didn't expect it to happen so soon.

The phone rang again, and Zhao Shinan finally couldn't help cursing, but the person on the other end of the phone was even angrier than Zhao Shinan, "What the hell did you do? Come back here right now!"

Zhao Shinan was stunned for a moment. This time it was his father Zhao Jinsha who called. He had a bad feeling in his heart.

Until now, although Zhao Shinan was angry, he was not desperate. His fallback was that he was a member of the Zhao family. Even if he went bankrupt, with his father Zhao Jinsha around, he could still be a rich man and have a chance to make a comeback. But what if his father also went bankrupt? Could he run away to Southeast Asia and follow the path of his ancestors again? !
……

In the sea view villa arranged by the Ning family, Li Dongling stood on the viewing terrace and could see the beach behind. The villa has five floors and is equipped with a wine cellar, swimming pool, cinema, gym, helicopter pad, etc. It is now priced at more than 400 million Hong Kong dollars.

"The media has reported that Zhao Shinan's company has run into financial problems. Two buildings of his leasing company have been required to be cleared due to safety issues. Zhao Shinan's construction company has also been asked to stop work!"

Lin Xianhui, the general manager of Dongling Hi-Tech Harbor City, respectfully reported to Li Dongling about the situation of Zhao Shinan. It was no secret. The gossipy media in Harbor City had already started to pay attention to Zhao Shinan. Lin Xianhui didn't know what had happened between Zhao Shinan and his boss, but it was obvious that Zhao Shinan was in trouble. As a native of Harbor City, he had heard of Zhao Shinan's name, but Zhao Shinan seemed to have no power to fight back. He had been tossed around in a mess. There were even rumors that he might go bankrupt...

Li Dongling turned around and looked back at Lin Xianhui. He was a professional manager recommended by Ren Yuefeng. He was born in Hong Kong City and studied finance in England. He also worked at Citi Hong Kong City. After the establishment of Dongling Hi-Tech Hong Kong City headquarters, Lin Xianhui was poached.

But before, Dongling Hi-Tech Port City Company, within the Dongling Hi-Tech system, basically played the role of handling some overseas affairs of Dongling Hi-Tech, and also reserved some foreign exchange, and more importantly, cooperated with the Hanxi Dongling Hi-Tech headquarters.

Unlike the wealthy families like the Li family of Changjiang in Hong Kong, they invested most of the money they earned in Hong Kong and the mainland overseas, acquiring various companies such as telecommunications, water plants, natural gas, ports, shopping malls, etc. in Singapore, England, old Europe and other places as the basis for their settlement.

Of the foreign exchange earned by Dongling Hi-Tech in recent years, a portion has been placed in Gangcheng Company for emergency use, and most of the rest has been settled domestically. The money has then been invested in research and development, supporting parts industry chain companies, etc.

But in the future, the role of Dongling Hi-Tech Port City Company will become more and more important, and it will become one of Dongling Hi-Tech's bridgeheads overseas. Especially in a few years, when domestic foreign exchange is no longer scarce, it will be the turn of Dongling Hi-Tech to start the era of "buying, buying, buying".

At that time, Dongling Hi-Tech Port City Company will be needed to do all of this. In the next few decades, Port City will have a very special status in the world and will be less targeted, making it easier to do things.

"There's no need to pay too much attention to Zhao Shinan and the Zhao family!"

Li Dongling waved his hand casually and said that this time, Li Dongling must make an example of others to scare the monkeys, so as to avoid a similar situation like in the previous life when SMIC wanted to build a factory in Gangcheng but was driven away. Li Dongling did not want to encounter that.

The main force behind this wave of attacks came from the Taifook Group. As an old-established group in Hong Kong, it was easy for them to deal with Zhao Shinan.

It’s no wonder that Taifook Group reacted so strongly. This time, Li Dongling came to Gangcheng to take away the 8% stake in Gangcheng Telecom from Taifook Group.

According to the market value of Hong Kong Telecom, this equity is worth more than tens or even hundreds of billions of Hong Kong dollars. Taifook is planning to use this money to acquire the equity of China Light and Power, the largest electricity supply company in Hong Kong.

If this deal was ruined because of Zhao Shinan, let alone Zhao Shinan, even if the entire Zhao family, including his relatives in Southeast Asia, were exposed, it would not be as important as a deal worth tens of billions of Hong Kong dollars!
In addition to the Taifook Group, there is also its parent company, Bank of China. The offices of Bank of China and Yanjing in Hong Kong should have taken action, or called the Government Affairs Office of the Hong Kong City Government.

Li Dongling came to Gangcheng this time not only as the founder of Dongling Hi-Tech, but also with the support of Yanjing departments such as the Postal and Telecommunications Department, Electronics Industry, and Economic and Trade Commission, and was preparing to intervene in the acquisition of Gangcheng Telecom.

Zhao Shinan's behavior was uncertain for Yanjing. Was it a misunderstanding or someone was trying to take advantage of the situation and use Zhao Shinan to stir up trouble at such a sensitive time? To put it bluntly, if Li Dongling retreated to Gangcheng this time, that would be real trouble.

The Hong Kong City Government Affairs Office is absolutely clear about this. The British withdrawal from Hong Kong City is a foregone conclusion, and Hong Kong City will return next year. From now on, everyone in the Hong Kong City Government Affairs Office can figure out which side it should stand on.

Now, all parties in Hong Kong are afraid of causing trouble. If something goes wrong, no one will be able to clean it up. Now that Zhao Shinan has done this, the Government Affairs Office hates him so much that their teeth itch. If they don't deal with him, who will they deal with? !

Zhao Shinan is in bad luck right now, not only because of one party contributing to the situation, but also because of all parties in Hong Kong City, who probably want to crush him to death, including the British side.

If Li Dongling fails to acquire Gangcheng Telecom, it is not the fault of others, because he is not as skilled as others. But if someone tampered with him and drove him out of Gangcheng, and he still wants to sell Gangcheng Telecom, he can just dream on!
The telecommunications industry in Hong Kong and City will also be under the jurisdiction of the Yanjing Post and Telecommunications Department in the future. As long as they do not give in and do not recognize the deal, no matter whether it is Singapore Telecommunications or other telecommunications companies, no one will dare to take over Hong Kong and City Telecommunications.

Li Dongling felt that Cable & Wireless would be in chaos by now. This was a takeover involving tens of billions of dollars. If it fell through, not to mention Cable & Wireless, the current Governor of Hong Kong and powerful figures in the House of Lords in the British Isles would probably fly over to strangle Zhao Shinan to death!

This time, as long as Li Dongling doesn't speak up to end this matter, Zhao Shinan, who has caused dissatisfaction among all parties in Gangcheng, including the Zhao family who gave birth to this unfortunate thing, will definitely not be able to escape!

This wave may not be a big deal for the giant companies in Hong Kong, but all the evildoers in Hong Kong who want to make trouble for Dongling Hi-Tech or want to play some tricks will have to think twice whether they will become the next Zhao Shinan!

"You set up a new investment company in Gangcheng, but it cannot have anything to do with Dongling Hi-Tech!" Li Dongling said to Lin Xianhui.

(End of this chapter)