Chapter 770 Yang Ming does not support Jianing Group’s reorganization plan!

Author: The creeper on the fence

Chapter 770 Yang Ming does not support Jianing Group’s reorganization plan!

The collapse of Jianing Group caused the stock market in Xiangjiang to plummet, and Xiangjiang's real estate was further implicated, leading to further plummets.

However, this time, before the Jia Ning Group broke out completely, almost all relevant people were taken away by ICAC for investigation, including the business information involved.

In fact, it is much easier to investigate the Jiani Group than it was in history. The main relevant persons, Ibarashi and John Winsbar, are still alive and well. In this case, the two of them also know that Chen Songqing

Their lives are needed and they want to survive. The only way to do this is to expose all the financial crimes of the Jianing Group.

The news about the collapse of Jianing Group has affected Hong Kong for more than a month. The media, newspapers and TV stations in Hong Kong have been reporting on this company.

Yang Ming, on the other hand, lived a particularly relaxed and comfortable life.

November 19, 1982.

Friday.

Yang Ming had just gotten off work from the Imperial Group and took the car back to the villa.

When getting off the car, Lin Dezhong came over and said: "Boss, Chen Songqing's daughter is here to see you."

Chen Songqing’s daughter?

Yang Ming was a little surprised.

Yang Ming knew that Chen Songqing's wife was named Gao Jingwan, her eldest daughter was named Chen Yuanling, her second daughter was named Chen Xiuling, and her third daughter was named Chen Meiling.

Among them, most of the shares of Jianing Group are in the hands of these four people.

If Jianing Group had not collapsed, those shares would still be valuable.

There is nothing now.

Yang Ming and Lin Dezhong came to the garden and saw a young woman with long hair and a skirt standing there blowing the wind.

These days, newspapers and periodicals in Xiangjiang have reported on Chen Songqing’s family.

There is nothing too mysterious about his three daughters.

Now, when Yang Ming saw Chen Meiling, he recognized her identity at a glance.

"Ms. Chen, Mr. Yang is back."

Lin Dezhong said.

Chen Meiling turned around quickly and saw that it was really Sir Yang.

"Hello Sir Yang."

Yang Ming just nodded.

He didn't know why Chen Meiling came to see him now.

"Sir Yang, I am here to see you on behalf of my father. I have something very important to discuss with you."

Yang Ming knows that the law in Xiangjiang is like that. No matter what serious crime is committed, as long as you have money and can afford a senior lawyer, not only will you not die, but you can still live well.

Historically, Chen Songqing ordered people to kill two very important people in a row, and in the end he only served a few years in prison.

After he came out, he was still rich and still lived in a villa.

This is really different from other places.

"Ms. Chen, what do you want to say?"

Chen Meiling looked at Lin Dezhong beside her.

Lin Dezhong also left here.

"Sir Yang, my father has not come out yet, but my father is very ambitious. He believes that as long as he gets the support of Sir Yang and the Imperial Group, the Jianing Group can be restored. My father hopes that the Imperial Group will intervene and do some harm to Jianing

The group is undergoing restructuring."

Reorganization?

Yang Ming smiled.

It seems that Chen Songqing still refuses to give up.

Historically, Chen Songqing actually had two reorganization plans.

The first time in history is that on January 2, 1983, the Jiani Group announced that its three listed companies, Jiani Real Estate, Vinda Shipping and Chang Life Insurance, would suspend listing and trading, reorganize their debts, cancel the plan to issue 500 million Hong Kong dollars of preferred shares, and change their plans.

It is proposed that the parent company, Jianing Group, will inject HK$250 million in capital, and HSBC Bank, subject to conditions, provide a secured demand overdraft of HK$250 million to Jianing.

On February 6 of the same year, Jianning announced the appointment of Hengbao Finance and Duoli as representatives to discuss the restructuring plan with creditors, including more than 70 banks and finance companies.

At that time, Carining even hired John Bao, the former vice chairman of HSBC Bank from Country Y with a monthly salary of 100,000 Hong Kong dollars as a representative of the creditor bank and joined the Carining board of directors.

Carining's debt restructuring is planned based on the classic stock-for-debt principle, and debt is reduced by selling its subsidiaries.

However, the success of the plan has always been slim.

During this period, a sudden murder completely shattered Jia Ning's hope of reorganization.

It was one of the key figures, Ibarashi, who was killed by Chen Songqing.

So since Chen Songqing wanted to reorganize the Jianing Group, why did he send someone to kill Ibalaxi?

It was later confirmed that at that time, Chen Songqing cooperated with Yumin Finance in an attempt to obtain assets for his company in addition to the debt restructuring plan.

Jianing Group owes a total of more than 10 billion Hong Kong dollars in debt to financial institutions such as Yumin Financial, HSBC, and Duoli.

Chen Songqing and Yumin Finance attempted to conceal Jianning's total liabilities, especially the amount of more than HK$4 billion owed to Yumin Finance, so that the restructuring could proceed.

Is it possible for a person like Chen Songqing to want the Jianing Group to reorganize and recover under such circumstances?

He had already seen through Jianing Group and Chen Songqing.

"Sir Yang, as long as you and the Imperial Group agree to reorganize the Jiali Group, my father is willing to agree to any conditions. He will even make Jiani Group a subsidiary of the Imperial Group."

Chen Meiling looked at Sir Yang and said.

Yang Ming even sneered.

He wanted to swallow up the Jianing Group, but he didn't want to take on so much debt from the Jianing Group.

With more than 10 billion Hong Kong dollars in debt, it does not make much sense to acquire or reorganize a company with a low value.

What's more, now Chen Songqing is using the reputation of Yang Ming and the Imperial Group to restore Jiani Group, and even let Jiani Group reorganize and then reduce its debts.

Is this possible?

"Ms. Chen, in my eyes, Jianing Group is not worth reorganizing."

"Sir Yang, as long as you agree, I am willing to agree to any conditions you have!"

After saying that, Chen Meiling looked at Yang Ming with a blush on her face, as if she would risk her life as long as Yang Ming was willing.

Yang Ming found it even more funny.

"Sorry, I don't lack women, not to mention you are not a beauty."

"you."

"Do you think you are worth more than 10 billion Hong Kong dollars?"

Chen Meiling was speechless.

In addition, Chen Songqing is someone who dares to kill people and dare not do anything else. Yang Ming really doesn't want to get in contact with such a person.

If Chen Songqing had done it down-to-earth, he would probably be one of the richest Chinese tycoons in Hong Kong now, but Nai He would have always thought of doing it through fraud, which would definitely not last long.

"Go back and tell your father that you should be honest, do things down-to-earth, and stop using other crooked ideas."

Yang Ming did not stay anymore.

Seeing Sir Yang leaving, Chen Meiling's face turned red and white with anger.

Yang Ming had no intention of keeping her down for dinner.

Chen Meiling could only get in the car and drive away.

Originally, she came here to see if there was a chance for Sir Yang to support the reorganization of her father and Jia Ning Group, but now it seems that there is no chance at all.

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