Font
Large
Medium
Small
Night
Prev Index    Favorite Next

2979 [Falling into the Well]

If it weren't for the sake of love, the Jiadaoli family would never want to sell their assets and cash out to repay their debts.

Because this is equivalent to touching the foundation of their family. If the foundation is gone, their family will have no place to establish a foothold.

But the situation is now imminent. The family owes a total of 92 billion Hong Kong dollars in loans due to two investment failures, coupled with historical loans, etc.

The total assets of the Jiadaoli family are now only 90 billion yuan. In addition, Zhonglang Electric Power is excluded by Tianxia Electric Power, and its market share has dropped significantly and its income has also dropped sharply, which greatly affects the Jiadaoli family's ability to repay debts.

Because the most profitable industry of the Jiadaoli family is Zhongwang Electric Power, now it is squeezed by the summer world power and has no way out. The profits have plummeted, so it is naturally difficult to help the Jiadaoli family pay off their debts.

They owe huge debts and cannot pay them back. In this case, although the three banks including Huifeng, Standard Chartered, and Baotong have a close relationship with the Jiadaoli family and often deal with them, they can no longer consider the "face issue" and ask for a loan from it together.

After all, if they don’t collect debts from the Jiadaoli family, the 92 billion Hong Kong dollar loan will become a bad debt, and the losses will be shared by several banks. In this case, let alone being an allies before, even brothers have to settle the accounts clearly.

Of course, the three major banks have not thought of giving the Kadoli family a chance, allowing them to run the family business first, and then slowly pay off their debts with profits. In this way, they not only ensure the safety of their loans, but also protect the Kadoli family as an ally.

But the key point now is that the landlords have no surplus food either.

Huifeng was deprived of the right to issue Hong Kong dollars last year and its status in the Hong Kong financial industry has declined. Its loans to British consortiums to acquire Enron and Hong Kong Telecom are all forcibly fighting.

Whether it is Standard Chartered or Baotong, although life is stronger than Huifeng, under the suppression of Tianxia Finance, the market, status and influence are gradually declining.

Therefore, they are powerless to save the Jiadaoli family.

Since they can't save them, the three major banks naturally no longer pretentiously. In order to protect their own interests, they all pursued loans from the Jiadaoli family.

Although the Jiadaoli family is very dissatisfied with their behavior of destroying bridges and forgetting their righteousness when crossing rivers, the situation is stronger than others. Apart from selling assets to cash out and repaying loans, there is no other way to go.

Of course, they have asked for help from outside. But the so-called emergency rescue but not poverty. After the Jiadaoli family lost the most profitable Zhonglang Electric Power, their ability to repay their debts was greatly reduced. At this time, no one would be willing to lend a helping hand. Otherwise, the Jiadaoli family would not be rescued and would have implicated themselves.

Therefore, the Jiadaoli family had no way to seek help, so they had to sell their assets and cash out to repay the loan. Otherwise, when the bank auctioned the collateral, their losses would be greater.

...

The Jiadaoli family sells assets, and there are many consortiums interested in it.

On the one hand, the Kadoli family has been deeply engaged in Hong Kong for a century and has a lot of high-quality assets under it, such as Peninsula Hotel, Peak Cable Car, Real Estate Company, Kadoli Mountain, etc.

As for Zhonggang Electric Power, it was originally the fattest piece of fat, but under the run of Tianxia Electric Power, it is difficult to even make a profit. Therefore, it has changed from a hot commodity to a stinky tofu, and there is no one to care about it.

On the one hand, everyone knows that the Jiadaoli family sold assets this time to cash out and pay off their debts. As the saying goes, time does not wait for anyone, and they have no time to bargain, so this sale can be said to be a big deal of clearance, which is a good opportunity to get a bargain.

The Jiadaoli family naturally knew the nature of these consortiums and hated them very much, but now there is no way to do so.

However, in order to strive for the best interests, they still hope to sell it at a good price. It is best to have a little money left after paying off the loan. Otherwise, the wealthy family will sleep on the road soon.

Because at that time, in order to make a loan, the Jiadaoli family not only suppressed the company's assets, but also suppressed the family's assets. They originally thought they could make a big profit, but they did not expect that in the end, the whole family was compensated.

"Li, the Kadolly Hills community is definitely more than 26 billion Hong Kong dollars. Based on the current housing prices, it is worth at least 38 billion Hong Kong dollars." Jia Daoli told Li Zeju.

The Kadoli family built 86 villas and a 39-unit high-rise residential building in Kadoli Hills. Kadoli Hills is a well-known luxury residential area in Hong Kong. The houses there are only rented but not sold, and the net profits of one year are 1 billion Hong Kong dollars. It is the most valuable asset of the Kadoli family at present.

"Shi Bo, I admit that Mount Kadol is indeed valuable, but you are selling so urgently now that you still have to cash. No one in Hong Kong can afford it except our Li family." Li Zeju smiled slightly and said, "Two six billion Hong Kong dollars, a lot."

"You..." When Jia Daoli heard this, he couldn't help but rush up.

Li Zeju said politely, but in fact, the meaning inside is that he knows that he is eager to cash out and pay off his debts, so he deliberately lowers the price!

"Nephew, your father and I have been old friends for decades. You can't take advantage of the situation at this time," said Jia Daoli.

Although he was angry, he also knew that Li Zeju was right. At this stage, there was no one in Hong Kong who could take out hundreds of billions of Hong Kong dollars in cash. Other than the Li family, such as Shi Huaiya, Kessek, Guo Desheng, Wu Wenzheng, etc., who are now carrying huge debts and cannot protect themselves.

"Uncle Shi, we want to help you. If we want to take advantage of the situation, we will not buy it from you." Li Zeju smiled.

When Jia Daoli heard this, his face turned dark.

Indeed, all his assets are now mortgaged to the bank. If he can't pay back the money, the bank will inevitably auction off his assets. With the relationship between Li family and Huifeng, Standard Chartered and Baotong, then you will definitely be able to buy those assets at the most affordable price.

In that case, the Kadoli family will suffer even more!

"My uncle, can't he really rise any more? Let's give in, one person, 35 billion Hong Kong dollars, how about it?" Jia Daoli suggested.

If he really sells the property in Katory Hill for HK$26 billion, he will lose a lot. At that time, after paying off the debt, he will really take a family to sleep on the road.

"Uncle Shi, it's fair to have 26 billion Hong Kong dollars. No one in Hong Kong will offer higher prices than us." Li Zeju shook his head, looked confident, and said with a look of determination, "Let's do this, you think about it carefully, and contact us after you think it through." After that, he stood up and left.

"The nephew, the nephew..." Jia Daoli hurriedly tried to keep him, but Li Zeju didn't listen at all.

"Made!" Jia Daoli kicked the coffee table over, and the high-end black tea flowed all over the floor, bright red like blood.

At this moment, the phone rang.

"Hey?!" Jia Daoli picked up the phone indignantly.

"Mr. Kadori, I want to talk to you about the business."
Chapter completed!
Prev Index    Favorite Next