1693 [Application for bankruptcy]
"Mr. Chen, HSBC called six times and asked us to add at least 15 billion Hong Kong dollars in margin." The secretary walked in and said.
"I understand, you go out first." Chen Yixin waved his hand, then looked at Liang Botao, "These guys are simply maggots with their bones, Made, you're stinging them!"
"I've seen it a long time ago, I don't have to pay attention to him." Liang Botao smiled slightly, "Now we're just implementing the third step."
Chen Yixin nodded, and then the descendant Xia Tian submitted a personal bankruptcy application to the Hong Kong government court.
Once an individual goes bankrupt, the court will temporarily freeze the assets under the name of the individual, including the mortgaged property in the bank. This move is intended to protect the debtor's property and avoid loss. It is also to protect the rights and interests of creditors so that they can get compensation as much as possible.
In this way, even if the bank wants to sell summer assets at a low price, it is not possible. Because it will cause double losses to the debtor and the creditor, it is an illegal act.
Once Xia Tian’s bankruptcy application is reviewed, the court will cancel the freezing order. Xia Tian has countless assets, and even professional accountants can’t figure it out if they are reviewed by ten days or half a month, so this has bought enough time for Xia Tian.
The news of the summer’s personal bankruptcy was soon reported by Hong Kong media, and their glasses were shattered.
Just two days ago, he was the richest man in Hong Kong, with assets of over 100 billion Hong Kong dollars. Now he is going to file for personal bankruptcy, which is incredible.
"Oh my God, those news reports are not wrong. Sure enough, Xia Tian failed and went bankrupt!"
"This is simply unexpected. He collapsed too quickly."
"I also bought his financial fund, so why should I lose money as well?"
The Hong Kong people heard the news and said in panic.
This panic spread rapidly, causing the stock price of Tianxia Group to plummet again.
"Oh, it's really better for human calculation than God. I thought it was just a fight, and he was so angry! Now it seems that he was a mistake, and he was indeed a paper tiger!"
"This is called God's evil deeds, but man's evil deeds cannot survive! I didn't expect that Xia Tian would be wise and confused for a while, and he would fall into our hands."
"Its rise is booming, and its demise is suddenly sudden. Half a year ago, what a summer was like? The chairman of forty-four listed companies, even the top ten richest people in Hong Kong have to look at his face. Now, the feng shui has finally changed!"
"I saw him building a tall building, he was entertaining guests, and he saw his building collapse! He is today because he was trying to die. He was just a lucky poor boy, and he thought he was a business genius. He wanted to make money and dared to cheat anyone. Now he finally got his retribution! He deserved it!"
"Since he is so unlucky, then we should not be idle. Send him a ride so that he can never turn over again!"
The people were panicked and felt that the sky had fallen. Some people were celebrating each other, gloating and happy.
...
"Brother Tian, the third step of the plan has been implemented. As you expected, our stock price has simply fallen to grandma's house, and now it is less than half the previous one." Chen Yixin reported the good news to Xia Tian.
"Okay, good job." Xia Tian said happily when he heard this, "As soon as the market opens tomorrow, no matter whether the stock price falls or not, I will recycle it."
"I know." Chen Yixin smiled.
"Okay, if you have the latest news, feel free to contact me." Xia Tian smiled.
The current stock price is less than half the previous one, which means that the Tianxia Group, which was previously worth HK$150 billion, now has a market value of less than HK$7.5 billion.
Such a sharp decline was because the people believed the rumors and believed that Xia had mortgaged all the assets of listed companies under Tianxia Group as loans, and then lost all of them. As a result, these listed companies have become empty shells and are worthless, so they sold them wildly.
But in fact, Xia Tian knew that the assets of Tianxia Group did not apply for large-scale mortgage loans, and the debt ratio of each company did not exceed 50%, and its operating performance was very good. Therefore, the current stock price was absolutely abnormal, and the market value was seriously lower than the actual assets. However, not many people knew about these commercial secrets.
Xia Tian took this opportunity to buy the stock of Tianxia Group at the bottom. Think about it, you can buy nearly 100 billion Hong Kong dollars in assets with just 10 billion Hong Kong dollars, which is a huge profit!
This will be a big loss to those turtle actors. Otherwise, the stock price of Tianxia Group would not have fallen so badly, so he can get such a big advantage.
When I was happy, I heard the phone ringing.
Xia Tian immediately picked it up, "Yi Xin, what's the latest news?"
"It's not Yixin, it's me!" Lin Qingxia's voice came from the other side of the phone.
"Ah, it's you~" Xia Tian nodded, "Why do you remember to call me? Do you miss me?"
"Hate, you're still smiling at this time." Lin Qingxia heard him say this and said angrily, "Why didn't you tell me if you have such a big deal?"
"What big thing happened? Why didn't I know?" Xia Tian smiled.
"You are still hiding it from me! Now it's spreading, saying that you are going to go bankrupt." Lin Qingxia hurriedly said when she saw that he still denied it.
"This matter~" Xia Tian smiled and teased her, "I didn't want you to worry, but now that you already know, I won't hide it from you. Yes, I'm going to go bankrupt and I will rely on you to support you in the future."
"Really?!" Lin Qingxia was shocked when she heard this.
She originally thought it was a rumor, but she didn't expect Xia Tian to confirm it. How could this be possible!
"Why, I heard that I have no money, are you starting to dislike me? Well, you don't need to say it explicitly, I can understand you. If you want to break up, I won't implicate you." Xia Tian said again.
"What nonsense is it? It's just bankruptcy. I've already checked it. Even if I file for bankruptcy, I can't live a poor life for a few years. As long as that period passes, you can still make a comeback. Since you can become the richest man in Hong Kong in four years, can't you make a comeback?" Lin Qingxia immediately persuaded him when she heard him say this, "It was not because of your money when I was with you. Don't worry, I will always support you."
"Yeah." Xia Tian couldn't help but be moved by her heartfelt words, "Okay, don't be sad. Let me tell you the truth. Actually, I'm not bankrupt. I just made fun of you."
"Ah, what did you say?!" Lin Qingxia asked in surprise when she heard him say this.
"I'm not bankrupt. I'm doing this now, just using tricks to slap the enemy." Xia Tian explained to her.
"I hate you, why didn't you say it earlier? It made me shed some tears for you." After hearing his explanation, Lin Qingxia said happily and angry for him.
"True love is revealed in times of adversity. If I don't say that, how can I know that you are sincere to me?" Xia Tian smiled and said, "Okay, it's me that I'm wrong. I shouldn't test you. I'll give myself a pity. Can you forgive me, okay?"
As he said that, he fucked himself twice, "Did you hear it? Is it sincere enough to slap it?"
"Okay, okay, I forgive you. But next time there is such a thing, please tell me if it's okay, so as not to worry about you again." Lin Qingxia said again.
Chapter completed!