Chapter 1463: Enter their territory!

"The results are good, and everyone has worked hard during this period, especially you, Jianing, you deserve praise!'

Xia Yu said to Huo Jianing with a satisfied smile.

Huo Jianing shook his head modestly and said, 'Chairman, I'm not working hard, you are. You have to keep an eye on the whole situation without a break, and you also have to go to the front line to supervise the battle.'

'Haha...'

'Okay, back to business, to what extent has the planning of those people from the Chaoshan Gang progressed?' Xia Yu asked after laughing.

When mentioning this matter, a bright smile once again appeared on Fok Kin Ning's face.

He reported on the progress with a smile: 'Chairman, this group of people from the Chaoshan Gang have all suffered heavy losses in the stock market this time, so things are progressing very smoothly as planned by you.'

'However, the specific results have not yet been compiled, and Liu Tianci should know the situation better.'

Xia Yu nodded slightly in understanding. This plan was indeed implemented by Jiuding Bank as the general executor.

He gave Huo Jianning an order: 'Give Liu Tianci a call and ask him to come over as soon as possible with the results.'

'I'll go to the bathroom first.'

'Okay,' Huo Jianning said, got up and walked towards the desk, preparing to call Liu Tianci on Xia Yu's office landline.

In a moment, Xia Yu came out of the bathroom.

Fok Kin-ning had just finished making the call and was reporting the situation to Xia Yu.

'Chairman, Liu Tianci said that he will finish the statistics on his side soon and will come over later. Please wait a moment,'

'That's fine,' Xia Yu nodded slightly, and after a moment of thought, he instructed him, "First, write this down. I'll tell you something.'

'Okay," Fok Kin-ning answered, and immediately took out a pen and small notebook from his inside pocket.

'First, the company that carries out this operation will keep two levels of profit, and the remaining eight levels of profit will be handed over in full and transferred to my designated account.' Xia Yu gave the first order.

After seeing that Huo Jianning had finished writing it down, he continued, 'Second, gather the heads of the companies involved tonight for a meeting, and have them each prepare a plan for cashing out at a high level. The purpose is to formulate a cash-out plan that takes into account both efficiency and interests.'

'Third...'

...

Xia Yu spent ten minutes communicating the details of the instructions with Fok Kin Ning, and then communicated with people such as Gen Bao Yugang and Fok Ying Tung on the phone in the office, while Fok Kin Ning contacted the relevant responsible persons and conveyed Xia Yu's orders.

After another fifteen minutes, there was a knock on the door.

'Knock, knock!'

'Come in!'

As soon as Xia Yu finished speaking, the door opened to reveal the figure of Liu Tianci.

Xia Yu immediately broke into a smile and beckoned him in, 'Tinci, you're here, come and sit.'

'Chairman, I'm sorry to have kept you waiting,' Liu Tinci said apologetically, and also smiled and nodded to Huo Jianning in passing.

'It wasn't long, and it's fine if you're done late,' Xia Yu said with a laugh.

'It's already been counted, take a look,' Liu Tinci said, taking out the results he had just compiled from his bag and handing them to Xia Yu with both hands.

'There's tea and fruit on the table, help yourself, I'll take a look first,' Xia Yu said, and then ignored Liu Tianci and started reading.

The plan against the Chaoshan Gang was actually very simple, which was to have Jiuding Bank deal with other banks and institutions, reach an agreement with them, and take over the loan agreements between the various banks and institutions and the member companies of the Chaoshan Gang.

The 25 members of the Chaoshan Gang had all participated in the plan to short Hong Kong, and had become the lackeys of European capital.

Therefore, all twenty-five members were on Xia Yu's hunting list, not a single one was left out.

Companies such as Cheung Kong Holdings, New World Development, Chow Tai Fook Jewellery, Great Eagle Holdings, Lai Sun Group, Emperor Group, etc., were all prey!

As expected by Xia Yu, these people, faced with huge losses, were all thinking of desperately covering it up, rather than actively filing for bankruptcy.

Therefore, each one took out assets to take out mortgages.

These assets can be described as diverse, including yachts, luxury properties, real estate, etc., and of course the most substantial are the equity stakes in various companies.

These equity stakes, regardless of which bank they are mortgaged to, ultimately end up in the hands of Jiuding Bank.

For example, the 34.79% equity stake in Cheung Kong Holdings that the Li family put up, along with the loan contract, all ended up in the hands of Jiuding Bank.

New World Development Company's 36.18% stake, Great Eagle Group's 40.24% stake, Lai Sun Group's 37.38% stake, Emperor Group's 43.25% stake...

The only exception was Liao's bank, which did not put up its stake for collateral because of the particular nature of its corporate attributes, which meant that Liao Liewen dared not mortgage the bank's stake.

If Liao Liewen used the bank's equity as collateral, it would be obvious that the bank's capital chain had problems, and it would have come to this point.

Then what greeted the Liao family's bank would be a banking credit crisis, and a run on the bank by depositors would definitely happen.

Liao Liewen did not use the bank's equity as collateral because most of the money used in this short selling was the bank's own money. So now the bank has a huge hole in its finances, and he is just trying to cover it up.

'The results are good. It seems that these traitors from the Chaoshan gang have each done their best and are walking the tightrope with all their strength. Haha!'

Xia Yu put down the statistical documents and said with a smile, slightly mocking.

'Yes!'

Liu Tianci nodded in deep agreement and looked at Xia Yu with anticipation in his eyes.

'Chairman, in fact, your plan has already succeeded 99 percent. The remaining 1 percent depends on when you decide to take action.'

During the previous bottom fishing, large-scale bottom fishing of the equity of these companies was carried out. The stocks that these people had previously cashed out at high prices, as well as the stocks thrown out by other investors, were basically secretly eaten up by the Jiuding consortium.

Just like the securities investment department of Jiuding Bank under his control, which has bought no more than 5% of the equity of many companies.

As far as he knows, the equity held by each operating company of the entire consortium adds up to mostly around 20-30%, and even as much as 40%.

And now Jiuding Bank is holding the pledged shares of these companies.

Once Xia Yu gives the go-ahead, the stock prices of these companies will plummet.

Then, with these pledged shares and loan contracts in hand, Jiuding Bank can justifiably go after the Chaoshan Gang and force them to add more collateral, or else they can force a liquidation or debt-to-equity swap.

The result will be the same anyway, and all these shares can be gobbled up.

This is why Liu Tianci dared to say that the plan was 99% successful.

However, in response to Liu Tianci's query, Xia Yu shook his head with a smile: 'There's no rush for now. The duck is already in our mouths, but if we eat it now, there are still some risks. 99% success is not 100% after all!'

'Just because the Chaoshan Gang has no capital to resist doesn't mean those guys in Europe don't. We can't let them have the guts to reach out for help.'

'Besides, we still hold a large amount of shares, with a floating profit of more than 400 billion Hong Kong dollars. Now that the Hang Seng Index has finally risen to 7,000 points, knocking down companies like Cheung Kong Holdings and New World Development, the Hong Kong stock market will definitely be seriously affected. Who will suffer the greatest losses? Me, of course!'

Liu Tianci hurriedly said, 'You're right, I didn't think this through.'

'By the way, Chairman, are you planning to retaliate against those short sellers who attacked us before?'

Xia Yu picked up his teacup, took a sip to moisten his throat, and said slowly, 'Retaliation is a given, but not everything.'

His gaze swept over Liu Tianci and Fok Kin-ning, his mouth curling up slightly, his eyes becoming deep as he continued, 'Retaliation is at best just harming others, but the ultimate goal of doing business is to benefit oneself.'

'These capital giants in Europe have suffered heavy losses, and this is a perfect opportunity.'

'As the old saying goes, if you don't return a favour, it's considered rude!'

'Haha!'

'They previously attacked my stronghold with all their might, now it's our turn to invade their territory!'