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Chapter 343 Shrinking Money

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    "Hey, brothers, what's the matter with you, why are you listless, are you children who haven't grown up, do you want me to find a pacifier for each of you?"

    us¡­¡­

    Well, you are the boss, you have the final say.

    The atmosphere of the party became lively again, Qi Yafei sat down next to Wang Yaocheng, leaned over and whispered; "What's the matter, is it once a month?"

    "Take a look back at the top ten tortures in the Qing Dynasty. Why did they only target you?" Wang Yaocheng glanced at him.

    "threaten me."

    "What's the matter? Haven't you suffered enough?"

    "Damn, I'm your brother Yafei." Qi Yafei cried out with his eyes wide open, his face full of disbelief;

    How could he do such a cruel thing to his brother?

    snort!

    Wang Yaocheng rolled his eyes involuntarily;

    When you talk about things, you talk to me about your character, and when you talk about your character, you talk about brothers with me. I believe your evil!

    Wang Yaocheng ignored Qi Yafei, patted Du Bo on the shoulder kindly, and said encouragingly;

    "You have done a good job. Hurry up and win the Harbor City project. Now that August is getting closer, we must be prepared to accept the baptism of the storm."

    "Understood, Chairman, what about Yingke Digital?"

    "Let's put it on hold for now. This company has no content, let alone patents worth boasting about. Most of them are hyped up concepts. Li Zekai's bragging is a good hand, and I was fooled by him."

    "No way?"

    "That's right, I studied it carefully. The market value of more than 30 billion Hong Kong dollars is inflated. It's all because of the Internet high-tech bubble that is getting bigger and bigger. That's what we do. Stop this project and concentrate funds to prepare for the eighth year.  Moonstorm."

    "Oh, I see."

    Anyway, the boss is saying that it is right, but he is saying it is wrong.

    You are the boss, you have the final say.

    Yingke Digital is a company owned by the Little Superman Li Zekai. It backdoored Dexinjia Company, which is worth 300 million Hong Kong dollars, and listed on the Hong Kong Stock Exchange.

    ?Using the Cyberport concept of packaging, Yingke Digital has soared 15 times since its listing, and its stock price soared from HK$0.68 to HK$9.15.

    Superman Li Zekai is a master of speculating concepts. He focuses on the development of the Cyberport with Intel Corporation. The purpose is to build Hong Kong's Silicon Valley and catch up with the world's wave of high-tech Internet trends that are sweeping the world.

    This awesome Wang Yaocheng didn't dare to brag, but this kid started bragging instead.

    Decades later

    Hong Kong is still the two pillar industries of real estate speculation and entrepot trade. There is not even a shadow of the Internet high-tech industry. It has long lagged behind the times, and it is a high-tech desert.

    His father started out as a plastic flower maker, and this kid's vision is probably as far as plastic bottles. He has packaged himself as a trend-setting high-tech Internet genius, and even he believes the lies he tells.

    The so-called; how bold a person is, how productive the land is, nothing else.

    Yingke Digital's assets include the widescreen network in cooperation with the world-renowned large company Cisco, Cyberport plans to invest 2 billion to 4 billion US dollars, and Yingke Digital also has some venture capital acquisitions of new network companies.

    In addition, there are no substantial assets.

    He planned to invest so much, but actually had no money in his pocket, but Li Zekai dared to brag like that.

    This is not to say that Yingke Telecom has no value. Judging from the evaluation report of Royal Family Fund, its potential prospects are very attractive.

    Fine!

    Anyway, the boss decides what to do.

    mid-June

    In the end, the Wu family could not bear the ultimatum from HSBC, reached a merger and acquisition transaction with Royal Family Fund, gave up control of Wheelock Properties, and gave up Harbor City assets.

    ? It was acquired by the Royal Family Fund, and the transaction between the two parties obtained precious cash of 16.2 billion Hong Kong dollars.

    Royal Family Fund injected the assets of Harbor City into the listed company Wheelock Properties, and the Wu family still maintained the control of Wharf Group. This seemed to be the last sliver of face.

    ?Because of the sharp drop in stock market value, the trading price of 100% of Harbor City¡¯s assets did not exceed HK$13 billion. For this alone, the Wu family lost more than tens of billions of Hong Kong dollars. This is a harsh commercial market.

    ?After asset restructuring and issuance of new shares

    ? Assets of Harbor City were injected into Wheelock Properties, held by Royal Family Fund.With an 87.7% stake in Wheelock Properties, the market value of Wheelock Properties soared to HK$63.6 billion, becoming the second core real estate company under Pacific Holdings.

    The information conveyed by the stock exchange market shows that ordinary investors have full confidence in Royal Family Fund, and they are unanimously optimistic about the future development of Wheelock Properties.

    In stark contrast is Wharf Group. After the transaction was completed, Wharf Group¡¯s share price plummeted again, and its market value was less than HK$14 billion.

    Wu Guangzhen's predicament does not stop there. There are more than 600 compensation cases waiting for him in the court.

    This will be an arduous and lengthy litigation process. The Wu family has fallen directly from a top wealthy family to an ordinary wealthy family, and their assets have shrunk greatly. The consequences are not without serious consequences.

    Seeing the fate of the Wu family, the wealthy circle on Hong Kong Island was all sweating.

    It is true that those who follow me will prosper, and those who go against me will perish.

    The authority of the God of Wealth King in Hong Kong's business circles has been firmly established in this way, proudly surpassing many top giants, and no one can match it.

    ? The Korean Peninsula thousands of kilometers away

    Samsung Group Headquarters

    ?The monthly strategy seminar for the president of the Samsung Group was held again, and the conference room was filled with gloom and mist

    Chairman Li Jianxi has not seen him for several months. He seems to have aged for 20 years. Most of his black hair has turned white, his waist is bent, and his voice is no longer loud.

    "Samsung Group's 1998 semi-annual report statistics, as of the end of June;

    Severely affected by the above factors, the group's overall revenue suffered serious losses, especially the memory chip project and LCD display project, which were the two hardest hit areas of loss.

    ?Samsung Electronics¡¯ Home Appliance Division, which has always been a major profit maker, reported a 1998 semi-annual report showing a loss of more than 36 million U.S. dollars after accounting for the profit and loss of various products, a difficult situation that has not been seen in decades.

    Moreover, in the brutal price war, the global market share has shrunk by nearly 40%, and years of hard work have been ruined.

    also

    ?Being under heavy attack by US and European companies, each company in the group suffered losses of varying degrees, with a total loss of US$4.723 billion.

    in;

    The construction of three state-of-the-art 8-inch wafer fab projects with debts cost US$4.765 billion, and the fourth-generation LCD production lines in Jeollabuk-do and Ulsan cost US$3.255 billion. The projects have entered the equipment installation stage.

    ? In the current harsh market environment, once it is put into production, the total loss will rise sharply.  "

    The voice of Li Jinzhe, director of the Samsung Economic Research Institute, echoed in the conference room, monotonous and boring, but the content was like a heavy hammer, beating every word in the heart of chairman Li Jianxi.

    Li Jianxi raised his head and said in a difficult voice; "Samsung Group is facing a huge crisis of life and death, what should we do? Please brainstorm and discuss a feasible way to break through, please!"

    Method?

    All the senior cadres present are aware;

    The solution is absolutely impossible, not possible in this life.

    What the Samsung Group is facing is not commercial competition, but the bloody mouth of the terrifying American-funded consortium. This powerful Korean-funded chaebol can only hide and tremble like an innocent little white rabbit.

    That is the capital of the United States, the world overlord armed to the teeth, and the father of the United States who has always been tyrannical, with black hands.

    If you don't obey, you will be spanked. These senior cadres have no desire to resist.

    How did the First Bank of Korea disappear?

    Who was the Daewoo consortium trampled under, and who was the Kia consortium divided up?

    ?The South Korean government, which is supported by it, has misfired, and the Korean banks have collectively silenced. Don¡¯t even think about loans, and never think about things until the matter is settled.

    Shrinking money is extremely fatal to Korean conglomerates with extremely high debt ratios. Samsung Group's current debt ratio is as high as 137.4%, and its total debt is higher than its net assets.

    In the case of bleak business operations, the debt crisis may break out at any time.

    Although the debt ratio of the Samsung consortium is much higher than that of the Daewoo consortium and the Kia consortium, which is as high as 200 or even 300, it is only a short guy who can't stand the baptism of the financial storm.

    Once the bank shrinks its money, the Samsung consortium is like a castle on the beach, and it will collapse with a slight push.

    Now, this furry black hand stretched out. It was the hand of Mi Guo's father. Should he resist strongly or lie down on the spot and beg Mi Guo's father to take pity on him?

    For Han Bangzi who is used to kneeling and licking, it seems that it is not difficult to choose!  (Remember the site URL: www.hlnovel.com
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