After chatting on the phone for more than ten minutes, Feng Shaokun spoke to Wang Guanxi: "Wu Zhanhai and the others are completely finished. The account is in full swing, and they have lost a lot of money."

This time Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei are really over.

Yonglong Investment Bank has just been successfully established, but this time Wu Zhanhai and others lost all the company's own assets and were insolvent. Now the money can't be paid back.

It's so sad to borrow money everywhere.

Moreover, the four of them had mortgaged real estate, stocks of various listed companies, and mobilized HK$900 million in funds to go long for the Hang Seng Index, but the Hang Seng Index plummeted, so they borrowed 300 million Hong Kong dollars from usury. Now Wing Lung Investment Bank has liquidated its position on the Hang Seng Index and is insolvent!

They are also in debt personally.

They were in a hurry to borrow money and sell their assets, but the assets under their names were also shrinking, and many of them were real estate and were very difficult to sell. Now that was the end.

Thinking of this, Feng Shaokun said: "This has just established an investment bank, with customer assets of HK$20 billion. If you continue to do it well, it is possible that a net profit of HK$50 million a year can reach HK$50 million. Unfortunately, they like to invest themselves and end up losing money."

Wang Guanxi smiled and said, "The four of them just don't want to do brokerage honestly."

These four guys are finished this time, but regardless of Wang Guanxi's affairs, Wu Zhanhai is still a member of the Wu family. This time, he is really in trouble, and the family may not give it to him.

This Yonglong Investment Bank is insolvent, leaving only customer assets, but the customer assets are all customers'.

For example, the customer assets of HK$20 billion are all the money in retail investors' stock accounts, and retail investors can withdraw them at any time.

Having 20 billion customer assets can only be said to be the commission income that investment banks can obtain in the future. If the customer’s daily transaction volume is large, the investment bank’s commission will be more. If the customer withdraws money, or where the funds are sinking and does not trade, the investment bank’s commission will be very small.

Although Yonglong Investment Bank has HK$20 billion in customer assets, its annual commission income, plus other income, and deducts costs, the net profit is actually not much. As Feng Shaokun said, if the four of them honestly do brokerage business, the net profit of more than HK$50 million a year will be completely fine.

After staying at Yongheng Securities for another hour, Wang Guanxi said, "Let's go, Brother Feng, let's go for dinner."

"I'll treat you, you can find a restaurant at will."

"Okay"

"You made so much today, eat some sweets."

Then the two went for dinner.

After dinner, Wang Guanxi returned home, and his phone rang.

I found out that it was Wu Zhanhai who called him, and Wang Guanxi also knew that Wu Zhanhai was here to borrow money. After thinking about it, he still answered. Before Wu Zhanhai could speak, he said, "Brother Zhanhai, I can't mobilize funds now."

Wu Zhanhai borrowed money everywhere, but unexpectedly found himself.

Wu Zhanhai spoke on the phone: "Guanxi, my brother is really short of money. Now he mortgaged the real estate, stocks, and real estate, and he can't sell it. He still owe a lot of bad debts. He doesn't know what to do."

This time, the Winglong Investment Bank was established. The four of them mortgaged their real estate, listed company stocks, and other real estate, and raised HK$900 million to go long the Hang Seng Index. If the leverage is small, it is okay, but the leverage is 100 times. They lost a lot. They had previously borrowed another HK$300 million because the margin was insufficient. This is a loan. The four of them jointly guaranteed the Winglong Investment Bank. Now that the Winglong Investment Bank has liquidated, they can't pay back the 300 million Hong Kong dollars at all, not including the bank's loan.

Now that boy Yuan Kang is here to collect debts.

First, he took away Yonglong Investment Bank, second, he continued to collect debts from the four of them because when they made another loan, he signed a personal guarantee agreement.

Yonglong Investment Bank’s current funds are not enough to return them to Yuan Kang!

It's terrible to think about it!

This time, the Yonglong Investment Bank lost its position and had HK$200 million in cash left, and it was to pay Yuan Kang 300 million.

The daily interest rate is also high. The net income of the entire Yonglong Investment Bank may not be enough to give Yuan Kang 12 million yuan in interest, so he can't bear it at all.

Now that Yuan Kang is going to take away Yonglong Investment Bank, he also asks them to recover nearly HK$100 million!

Each of the four of them will bear HK$25 million!

But they were already heavily in debt and mortgaged real estate, stocks, and real estate to the bank, and owed money to the bank, and there was still money to return to Yuan Kang.

Now Yuan Kang didn't know where they were finished, so he rushed to take away Yonglong Investment Bank and then continued to ask them about debt collection.

This time he asked Wang Guanxi not to borrow money, but to ask Wang Guanxi to acquire Yonglong Investment Bank and assume the debts of Yonglong Investment Bank.

In this way, the four of them can get rid of Yuan Kang's debt collection. After all, Yonglong Investment Bank is also a golden egg. It has HK$20 billion in customer assets and is well managed and can obtain at least HK$50 million in a year, right?

Thinking of this, Wu Zhanhai said, "Guanxi, are you interested in acquiring Yonglong Investment Bank?"

When Wang Guanxi heard this, he smiled and said, "Brother Zhanhai, yes, I'll arrange for the legal company to go to Yonglong Investment Bank to review assets and then decide on the price."

Wang Guanxi had the idea of ​​Yonglong Investment Bank before, but he didn't expect that the opportunity has come now and he has to slaughter it.

"Okay, that's now." Wu Zhanhai was very anxious on the phone.

So Wang Guanxi called Liu Zhonglun, chairman of Heishang Legal Company. Now the size of Heishang Legal Company is getting bigger and bigger. Gbe Entertainment Group and Heishang Insurance Company have many legal problems, and a large number of orders are handed over to Heishang Legal Company.

Liu Zhonglun said, "Boss, what's the matter?"

Wang Guanxi said: "Dr. Liu, arrange someone to go to Yonglong Investment Bank with me to review the assets."

“Okay, boss”

Soon, nine members of the board of directors of the Black Shirt Legal Company, including Liu Zhonglun, Xue Feng, Vincent Ayers, Hamada Matsumoto, Simon Simmons, Davidson, Yin Feihong, Lin Guochang, and Kuang Zhaoqiang, came to Wang Guanxi and brought their assistants with them.

Wang Guanxi smiled and said, "Dr. Liu, why are you here?"

"Boss, this time I reviewed the assets of Yonglong Investment Bank, so I naturally have to make it clear."

"Okay, let's go"

A top team soon arrived at Yonglong Building.

Blackshirt Insurance Company is also here, and Winglong Investment Bank is also here.

Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei have been waiting here for a long time. When he saw Wang Guanxi coming here, he immediately came up anxiously.

"Guanxi, you're finally here"

"Oh, it's finally here"

"You guys hurry up and review the assets."

"Oh, the price is higher."

Now Wang Guanxi comes here with a group of lawyers, accountants and auditors. They are under great pressure!

These guys really make the accounts clear for you, and even a single dollar will not be less.

Wang Guanxi smiled and said, "Don't worry, four, my legal team is the world's top, and I will definitely give four a reasonable assessment."

When the four of them heard this, they were nervous and worried.

He doesn't want a reasonable assessment. You are so rich, just offer a price at will. Why do you want to set up a world-class legal team?

There are Japanese, German, British, Hong Kong, Shenzhen, and Singaporeans here. This is simply indescribable.

Then everyone came to Yonglong Investment Bank and began asset review and evaluation.

These people are extremely serious and do not let go of a document or an account.

Wu Zhanhai, Wu Hongsheng, Li Guangyu and Guan Wenwei were very nervous, worried that these people's valuations were very low, and Wang Guanxi smiled and said, "'Four people, do you have tea?" After that, Wang Guanxi sat on the sofa chair.

"Yes, yes, wait a moment." Wu Zhanhai personally poured tea for Wang Guanxi.

"Come and drink, Guan Xi, this is the best West Lake Longjing"

Wang Guanxi took the tea, took a sip, and said with a smile: "You four really don't have to be nervous. My legal team will definitely give you the most reasonable valuation."

Wu Zhanhai, Wu Hongsheng, Li Guangyu, and Guan Wenwei were extremely embarrassed and didn't know what to say.

“Yes, yes, certain”

“It must be very reasonable”

Time flies.

Liu Zhonglun walked over and said, "Boss, after our strict evaluation, the current value of Yonglong Investment Bank is HK$1."

Then he gave the reason. Currently, Wing Lung Investment Bank's cash is HK$200 million, its liabilities are HK$300 million, and its net liabilities are HK$100 million, but the 300 million Hong Kong dollars is usury, with a monthly interest of 12 million.

The client assets of Winglong Investment Bank are HK$20 billion, and it is considered good to have a net profit of 50 million in a year.

However, the profit of 50 million yuan and the net profit per month is HK$4.16 million, which is not enough to pay interest on usury.

This loan of HK$300 million is very serious.

So the valuation is HK$1.

Wu Zhanhai, Wu Hongsheng, Li Guangyu and Guan Wenwei were stunned.

"Guanxi, how could our company be worth HK$1?"

"Are you wrong?"

“Yes, we have 200 customers’ assets”

"Guan Xi, HKD 1? Is this your world's top legal team?"

At this time, Liu Zhonglun said righteously: "That's right, it's HK$1. If Mr. Wang acquires Yonglong Investment Bank, he will still have to bear the debts of Yonglong Investment Bank. The interest rate is as high as HK$12 million per month. This is a complete loss, and the company's net income cannot afford interest."

Of course, you can pay off the usury in one go. If you have a net profit of 50 million yuan every year, you can get the money back in two years. However, two years are not two months, how much energy, manpower and material resources will be consumed!

So it's the valuation of HK$1!

Wu Zhanhai hurriedly said: "How is it possible for 1 Hong Kong dollar!"

Wu Hongsheng also said: "At least it will cost 50 million, right?"

Li Guangyu also looked at Wang Guanxi expectantly and said, "Yes, Guanxi, how about 50 million?"
To be continued...