Chapter 407 405 [Open Conspiracy]

"I never said that I would give up Hang Lung Bank. Although what Li Wendi said makes some sense, he has his own purpose. As long as we are willing to give up Hang Lung Bank, Li Wendi's interests can be maximized because he can get our assistance." Zhuang Rongkun said with a sneer. Li Wendi's thoughts are easy to guess, but their Hang Lung Bank cannot escape the fate of being manipulated.

"So you plan not to cooperate with Li Wendi?" Zhuang Qingquan asked, "Or do you want to use Li Wendi's power to save the bank?"

"We have to cooperate, but we can change the way we cooperate. We hold 71% of the shares of Xie Liyuan Gold Shop, and we can sell 51% of it to Li Wendi. This way, the bank can recover part of the funds and prevent further bank runs. The bank will continue to hold the remaining 20%. In this way, we can publicize that the loan has not become a bad debt, and other banks will change their views on us." Zhuang Rongkun believes that this is the best option at present, and it is also in the interests of Li Wendi.

"Good! This plan is good! The outside world may think that we have some other cooperation with Li Wendi. This will definitely change the depositors' views on the bank and make them think that our Hang Lung Bank is reliable." Zhuang Qingquan showed a rare smile on his face.

"Don't think too well. There may still be bank runs. The most important thing is that we can get financing from Standard Chartered Bank and get through this crisis." Zhuang Rongkun is not as optimistic as Zhuang Qingquan.

"Will Li Wendi agree? A debt of 4.3 million yuan is probably not a small amount. What if Li Wendi is unwilling to accept it? After all, Li Wendi wants to use 5000 million to settle the debt." Zhuang Qingquan certainly knew that Li Wendi was not a fool. How could he be an ordinary person with his current achievements?

"He will agree. I am not asking Xie Liyuan Gold Shop to pay back the money immediately, but to pay it back slowly. At the same time, I will let the outside world know that Hang Lung Bank has not suffered any loss from this money. Moreover, I will sell 3000% of Xie Liyuan Gold Shop to Li Wendi for 51 million yuan. Will Li Wendi disagree?" Zhuang Rongkun said confidently.

"3000 million!? Is that too much of a gift?" Zhuang Qingquan felt distressed, but he forgot that Hang Lung Bank was about to be liquidated.

"As long as Li Wendi agrees, I can give it to him for free, not to mention it's 3000 million." Zhuang Rongkun smiled meaningfully. This is an open conspiracy and it would be hard for anyone to resist.

Zhuang Rongkun can be sure that a debt of 4.3 million yuan is not a large sum for Li Wendi. Moreover, although the scale of Xie Liyuan Gold Shop is not as large as Chow Tai Fook, it is also a century-old brand in Hong Kong, and its fame is not comparable to that of Junfu Jewelry Company.

As long as the debts and assets of Xie Liyuan Gold Shop are reorganized, Xie Liyuan Gold Shop will be revitalized.

In fact, many people are drooling over Xie Liyuan Gold Shop, but the poor environment in Hong Kong today, as well as the relationship between Xie Liyuan Gold Shop and Hang Lung Bank and its huge debts, have deterred these people.

Zhuang Rongkun thanked Li Wendi in his heart for coming to him voluntarily. Perhaps this would be a chance for Hang Lung Bank to survive.

Changxin Group
Li Wendi was looking at a piece of blue and white porcelain from the Chenghua period of the Ming Dynasty, which Zhang Yan bought at an auction.

After a while, Li Wendi put down the blue and white porcelain and smiled at Zhang Yan, "If you are too attentive to me for no reason, you are either a traitor or a thief. Tell me, what do you want from me?"

Zhang Yan's smile immediately faded. "Luckin Coffee and its subsidiaries suffered heavy losses in this crash, mainly because some properties were not cleared and sold in time. How long do you think this storm will last?"

"You want to ask when is the right time to buy at the bottom? I remember I reminded you that this negotiation may affect the real estate industry and even the entire Hong Kong economy. How can there still be losses?" Li Wendi asked.

"In June, there were quite a few high-quality properties coming on the market, so I couldn't help but take action, which also delayed the sale of some properties." Zhang Yan said with an awkward smile.

"That's because you are greedy. I've told you that properties are cheap enough now. Why don't you continue to buy?" Li Wendi joked.

"Don't you know where the bottom is? If you buy too high, you will lose money." Zhang Yan scratched his head. "If I'm right, the end of this storm depends on the negotiation time of the two countries. This is a political tug of war, and it will take a long time." Li Wendi said seriously.

However, Li Wendi changed the subject and said, "I will wait until the situation calms down and start bottom-hunting in the second half of next year, starting with Central. I suggest you start with Wan Chai. After all, the property prices in Central have only fallen slightly, which is not conducive to Luckin Real Estate acquiring too many properties."

"Well! There are many high-quality properties on the market now, and the prices change every day. It's really tempting." Zhang Yan said somewhat helplessly.

“It is definitely not the lowest price now, but it does not prevent some real estate developers from taking the opportunity to acquire very high-quality properties. You can also acquire some high-quality properties. The price should preferably be 50% of the price before the crash. In this way, no matter how the price crashes, Luckin Real Estate will not suffer too much.” Li Wendi gave a slightly pertinent suggestion.

"Also, I predict there will be a wave of bank runs. You can convert your excess funds into foreign currency, preferably US dollars," Li Wendi added as he turned around.

"Okay! I'll do it right away when I get back." Zhang Yan said.

Li Wendi smiled and said, "If you are short of money, I can buy Luckin Real Estate's 30% interest in Century Building at a very favorable price, 110% of your original purchase price."

Zhang Yan hesitated for a moment and said, "You will suffer a loss. It is better to calculate it based on the current property prices in the Mid-Levels area."

Li Wendi shook his head and said, "It's not Changxin Group that's buying from you, it's my private company that's buying from you, so there's nothing wrong with a 1% premium."

"Okay then, thank you, Wendy!" Zhang Yan laughed. If he could get this money and wait for some time, he might be able to buy two commercial buildings in Wan Chai.

"Don't tell me that." Li Wendi waved his hand. "I still think you shouldn't act too early or you'll run out of money. After all, there are many real estate developers who are still struggling and they have a lot of good things in their hands. When you run out of money, you can only watch from the sidelines."

Zhang Yan nodded and said, "I know. I will be careful in the acquisition and will not do anything rash."

The next morning, the Zhuang brothers met with Li Wendi again.

After Li Wendi shook hands with the Zhuang brothers and sat down, he asked, "Have you thought it through?"

"Mr. Li, we can try a different way of cooperation." Zhuang Rongkun told them the previous plan.

Li Wendi laughed and said, "Mr. Zhuang has made a big plan. Even I have become a pawn of Hang Lung Bank. He bought 2000% of Xie Liyuan Gold Shop's shares for 51 million. Xie Liyuan Gold Shop's 4.3 million debt needs to sign a new agreement. Regardless of whether Hang Lung Bank goes bankrupt or not, the debt will be repaid in three installments after three years. If the agreement is violated, the Zhuang family will repay Xie Liyuan Gold Shop. How about that?"

"The first half is fine, but I can't agree to the part about letting the Zhuang family be the guarantor," said Zhuang Rongkun.

(End of this chapter)