Reborn since 1993

Chapter 821 Packing up a street
Ren Yuefeng was stunned when he heard this. He didn't expect that Li Dongling would analyze the character of the Japanese.

But if you think about it carefully, it seems to be true. The Japanese are too greedy, just like VCD and DVD, they really don't leave any room for domestic manufacturers.

Domestic DVD manufacturers can only make one dollar for each machine, and the rest is taken away by the Japanese through patents. The Japanese don't even give domestic DVD manufacturers a sip of profit, which shows their style of doing things.

If Dongling Hi-Tech really stays in the PHS technology industry, once Nippon Telephone and Telegraph Company upgrades PHS communications to the 2G era, the money earned from producing a mobile phone may not be as high as the patent fee paid to Nippon Telephone and Telegraph Company!
In addition to these obvious reasons, there is another point, that is, a set of communication standards must have strong supporters behind it.

The GSM communication standard is supported by old Europe, and CDMA is being pushed by America. They are forcing other regions to accept America's communication standards by using dollars and soldiers. Can Japan force the whole world to accept the PHS standard?

If it is determined that PHS technology will be out of date in the future, then taking the opportunity to sell off the Xiaolingtong mobile phone business at a high price in advance is indeed the best choice!

"I will arrange for the media to spread the news in advance!"

Ren Yuefeng said in a deep voice that if you want to sell a Xiaolingtong mobile phone, it is impossible to sell it suddenly. In a hurry, it is difficult to even gather buyers.

They must have spread the news in advance to the media, and then used some hard-to-get tactics to attract more acquirers to rush to buy the Xiaolingtong mobile phones.

It depends on who offers the highest bid. Nippon Telephone and Telegraph Company is most likely to acquire the Xiaolingtong mobile phone because they are wealthy and are the main company promoting PHS technology.

The Xiaolingtong mobile phone is like a fish in water in the hands of Nippon Telephone and Telegraph Company, but as the saying goes, the highest bidder wins!

No matter it is Nippon Telephone and Telegraph Company, or other telecommunications or mobile phone manufacturers, whoever offers a higher price, Dongling Hi-Tech will sell the Xiaolingtong mobile phone to the other party, without cheating anyone!

……

International hedge funds, led by Quantum Fund and Tiger Fund, are still wreaking havoc in Southeast Asia. After successively conquering Siam and Korea, they also went on to the Philippines, Singapore, Malaysia, Indonesia, Jiaozhi and other places. Faced with the vulture army of hedge funds, they were simply unable to stop them.

After seeing the miserable conditions in Siam and Korea, the Philippines and other places surrendered almost without a fight, because they knew they could not win the fight. The wealthy people in the Philippines and other places have begun to cash out and run away.

The foreign exchange, stock, and property markets in the Philippines, Singapore, and other places are collapsing at an alarming rate, and hedge funds that short these regions are naturally making huge profits!
In this kind of atmosphere, Hong Kong City naturally could not remain immune, and the entire city was already filled with rumors.

There are rumors that Quantum Fund will attack Hong Kong City soon, and there are also rumors that international hedge funds will not attack Hong Kong City, one of the global financial centers, otherwise the global economy may face turmoil.

Various rumors continued to spread, and people in Hong Kong were in a panic. The exchange rate, stock prices, and property market were also in constant turmoil.

For those who have settled down and built a career in Hong Kong, the property market is closely related to their net worth. The net worth of many people is supported by property prices.

Behind the net worth on paper are extremely high housing prices and high mortgage loans. Even Hong Kong TVB stars and Shaw Brothers movie stars have huge mortgage loans.

Once the property market drops and banks tighten lending, even Hong Kong celebrities and some newly wealthy people will face the risk of bankruptcy.

Therefore, people in Hong Kong are quite sensitive and nervous about the property market. Although Hong Kong institutions such as the Hong Kong Monetary Authority have also stepped in to stabilize people's hearts and declared that Hong Kong has sufficient ammunition and sufficient US dollar reserves to withstand the harassment of international hedge funds, people in Hong Kong are still worried.

It is hard to say whether there will be changes in Hong Kong's stock market, but Baring, the largest securities investment bank in Hong Kong, is having a hard time now.

Originally, Liang Botao was in charge of evaluating stargazing video recorders and negotiating with Microsoft during this period because Peregrine had taken on a large order from Dongling Hi-Tech.

But Liang Botao, who was researching the stargazing video recorder business in America, hurried back to Hong Kong City, because if he didn't come back, his house would be robbed...

"The bad debts of Peregrine that can be calculated now are over 60 million US dollars!"

At a closed-door shareholders meeting held by Baring, Baring's two presidents, Liang Botao and Du Weilian, as well as representatives of a number of wealthy families and investors such as the Cheung Kong Li family and the Hong Kong Hopewell Group were present.

After hearing what the head of Peregrine's investment department said, a representative of a wealthy Hong Kong family that had invested in Peregrine immediately asked, "What do you mean by bad debts that can be counted?"

The head of the investment department of Peregrine had sweat on his forehead and back at this time.

His eyes couldn't help but look at the faces of Liang Botao and Du Weilian, the two presidents of Peregrine, and finally Liang Botao spoke.

"The speed of the collapse of the Southeast Asian market has exceeded our expectations. The bonds issued by Peregrine in the Philippines, Malaysia, Indonesia and other places, as well as the investments lent to Indonesian taxi companies, may be difficult to recover in the short term!"

"However, we will try our best to recover all the funds to reduce the losses of Peregrine shareholders and investors..."

The shareholders and investors were no longer able to listen to Liang Botao's subsequent words. They all knew that Barings was in big trouble and might even suffer huge losses, which meant that the money they invested in Barings was facing huge losses.

"President Liang, Mr. Du, you must tell us the current situation of Peregrine. We have the right to know, otherwise we will send lawyers and accountants to investigate Peregrine's accounts!" A Peregrine shareholder said to Liang Botao and Du William with a serious look. "You can't do this, it will ruin Peregrine!"

Du William screamed. The anger, annoyance and bloodshot expressions on the faces of the shareholders and investors in front of him were completely different from when they received dividends a few months ago. At this moment, he felt a little unfamiliar.

As a securities investment bank, once news of accounting problems emerges and shareholders lose trust in it, it’s basically over, even if there are no problems.

Not to mention, Peregrine really has problems now, and William Du is the one who bears the brunt of it!
William Du is in charge of Peregrine's bond and overseas investment businesses. Now the fixed-rate bonds in Malaysia and other places have been confirmed to have suffered huge losses, and the money invested in the Indonesian taxi company cannot be recovered. He has to take all the blame.

If Baring can pass this hurdle, it will be fine. If not, William Du will definitely be the first person to take the blame at Baring, and it is hard to say whether he can still appear in securities investment banks in the future.

"How much money might Peregrine have lost?" the representative of the Changjiang Li family asked in a serious tone.

Everyone in Hong Kong knows that Liang Botao has a close relationship with the Cheung Kong Li family. The fact that Peregrine was able to develop into the largest securities investment bank in Hong Kong in just a few years is also inseparable from the endorsement of the Cheung Kong Li family.

After everyone from the Changjiang Li family spoke, Liang Botao could no longer remain silent.

“If the losses are confirmed, it may be more than 64 billion Hong Kong dollars!”

"But, as long as the exchange rate in Malaysia and other places can be improved, this part of the loss can be earned back!"

Liang Botao wanted to explain, but the shareholders of Peregrine did not give him the chance.

"The entire Peregrine's cash flow is only HK$180 billion, and its debt scale is HK$135 billion. It is now suffering a direct loss of %. If the losses continue, Peregrine can directly declare bankruptcy!" A representative of a wealthy family in Hong Kong directly broke the window paper.

Facing the angry shareholders and investors, Liang Botao said helplessly, "Peregrine is indeed in trouble now, but we will find a way to overcome the difficulties and make up for the losses of shareholders and investors!"

However, in the face of Liang Botao's words, the shareholders did not appreciate it. "President Liang, if Peregrine continues to lose money, we may choose to withdraw early. I hope you can understand!"

If the ship of Peregrine is about to sink, these shareholders will definitely choose to jump off the ship in advance and find ways to cash out. They will not be like those leeks who bought Peregrine shares and start cursing after the ship sinks.

Liang Botao looked solemn, yet somewhat helpless. He felt a real crisis. If the stock market in Hong Kong City fell again, the entire Peregrine would be in a debt crisis. If it couldn't borrow money at that time, it would have no choice but to go bankrupt!
……

Bangkok, the capital of Siam, has gradually become synonymous with wealthy places in Southeast Asia in recent years.

Siam in these years is no longer the country that relies on tourism as it did in later generations. Instead, it is mainly based on foreign trade orders, OEM exports, etc. In the past, it was the most favored market by overseas investment companies in the global market.

But that was before. Siam was favored by American investors before, but now it is deeply hurt, just like being hurt by a scumbag...

The once bustling commercial streets of Bangkok are now deserted, and major shopping malls are also in a state of desolation. Even tourists are scarce. The rapidly deteriorating security environment has caused overseas tourists to stay away from Siam.

However, if you go to the industrial park of foreign trade companies and OEM industries, you will see that nine out of ten rooms are now empty. The entire Siam foreign trade and OEM industry has been almost wiped out.

"Hello, I'm Chalun. Which shop do you want to rent?"

An employee of Chalun Real Estate Company, when the market was good before, the shops on this street were basically in short supply, so Chalun's income was naturally quite good.

But now everything has changed. The whole street has become completely deserted, and the building behind it is basically deserted. Naturally, Charun has no money for this month's salary, but he dare not resign. If he resigns now, he will not be able to find a new job. The whole Siam is in a bleak state, and there are too many bankrupt companies.

Today's wave of people came because of the Siamese foreign exchange collapse. It was the first time that Charun saw people inquiring about these shops.

"Can you speak Chinese?" the leader asked Chalun.

"know a little!"

Charun said in awkward Chinese, "I am a Siamese mainland mixed race, I have learned some Chinese!"

Gao Peng listened to what Zhalun said, nodded, and then said to Zhalun, "Is the shop here for sale?"

"For sale," Chalun became much more enthusiastic. In order to recover funds to pay back banks and creditors and avoid bankruptcy, his real estate company was selling these shops and buildings everywhere. "Which shop do you want to buy?"

"Starting from here," Gao Peng pointed to the first shop on the street, and then waved his finger all the way to the last shop, "To the last one, we will take over all the shops on this street!"

(End of this chapter)