182 bulls collapsed and lost more than 10 billion in two days, and Wang Guanxi made great achievements(2/4)
Li Guangyu said desperately: "When we formed the company before, we mortgaged all the assets under our name, and now we can't find any money!"
Before they formed an investment bank, the four of them mortgaged various assets under their name, and combined with the original funds, they raised HK$900 million and used leverage of 100 times. However, now the account has lost 500 million yuan, and the margin has been 200 million yuan, and there is still 200 million Hong Kong dollars in available funds left.
If the Hang Seng Index falls by another 200 points, they will be completely finished.
They don’t want to lose their positions either, but they have to add funds.
Guan Wenwei thought for a while and said, "Let's borrow some more money and borrow 500 million Hong Kong dollars!"
Wu Hongsheng sighed: "Who will lend it to us?"
Li Guangyu pondered for a moment and said, "Ask Feng Shaokun, Lu Jianting and others."
Wu Hongsheng sighed: "They all want assets to be mortgaged and will not borrow money easily. They also know that we have gone too far in the Hang Seng Index. Today, the Hang Seng Index has fallen so much, so they will definitely not borrow it."
Wu Zhanhai, Guan Wenwei, and Li Guangyu wanted to say something, but they didn't know what to say.
Feng Shaokun, Lu Jianting and others all knew that the four of them had gone long on the Hang Seng Index, and today the Hang Seng Index fell by 500 points.
If you borrow money, you will definitely have to mortgage your assets.
They don't have any assets to mortgage.
Guan Wenwei said, "Old Wu, think of a solution."
Wu Zhanhai pondered for a while and said, "Why don't we mortgage the Yonglong Investment Bank temporarily?"
Li Guangyu hurriedly said: "It's too late to mortgage. The bank still has the asset review. Moreover, we are not a listed company. How much can we mortgage?"
Wu Hongsheng: "That's right, what should I do? You can't wait to lose your position, right?"
Now they are at risk of liquidation, so they must find a way.
Wu Zhanhai said, "Call Feng Shaokun first, let's ask Lu Jianting and the others."
Then he started calling.
I first called Feng Shaokun, and the phone rang soon.
Wu Zhanhai couldn't wait and said, "Brother Feng, I'm just telling me the purpose of coming."
Feng Shaokun also knew about Wu Zhanhai and smiled and said, "Tell me, I'll listen."
Wu Zhanhai said: "I will borrow HK$500 million from you with a credit loan."
Feng Shaokun said politely: "Zhanhai, the bank's situation has been bad recently. I can only borrow HK$300 million and I need you to mortgage HK$600 million in assets."
Wu Zhanhai thought for a while and said, "Okay, I'll think about it."
After the call was over, he called Lu Jianting.
The phone was connected, and before Wu Zhanhai could speak, Lu Jianyan said, "Zhanhai, I know, you mortgage the Yonglong Investment Bank, I can lend you HK$200 million."
Wu Zhanhai said incredibly: "The mortgage of Winglong Investment Bank is only HK$200 million?"
Lu Jianyan said, "I have suffered a great loss today, so I can only do this."
"Oh well"
As a result, the assets are still to be mortgaged.
No chance.
After all, others are not fools.
"Feng Shaokun wants to mortgage his assets, and Lu Jianting and others have also lost a lot of money today, so they don't borrow it."
Wu Zhanhai sighed.
Guan Wenwei: "No, we must collect funds again, otherwise we may have to lose our position tomorrow."
This time, the four of them collected a total of HK$900 million and had mortgaged all the assets under their names.
If the stock is over, they will lose all their losses. Not only can they not afford the loan, but the houses under their name and the stocks of some companies will be taken away.
Especially those listed companies are small listed companies. If they cash out their stocks, they will cause the stock price to fall a lot, and they won’t be able to cash out much money at that time.
This is bad.
Suddenly Wu Zhanhai thought of someone and said, "I have a way to temporarily borrow a high-interest loan."
Speaking of borrowing high-interest loans, it is actually usury, because you can’t get a loan in the bank, but you are short of money.
So I look for other financial structures, and the interest rates of these financial institutions are much higher than those of banks.
But now they have no choice but to borrow money.
"Just borrow for a few days"
"good!"
"Then borrow a few days"
Then Wu Zhanhai called a classmate who had been accused of being a villain. His classmate's name was Yuan Kang, and he went to study abroad. Now he is a native of Japanese.
Yuan Kang also owns a Hong Kong passport and a Japanese benzene passport. He can speak fluent Japanese. Due to family business, there are many industries in Japanese benzene.
When the phone was connected, Yuan Kang said, "Oh, Brother Wu? What wind has blown you? Damn, you actually called me. Did I mess with you? "
The two had a big holiday, but they didn't have a good relationship and had contact information, but they basically didn't know how to contact each other.
Wu Zhanhai didn't talk nonsense to Yuan Kang and said straight to the point: "I have difficulties now. Don't your family have a credit company? I want to borrow money."
Yuan Kang yawned and said, "You can borrow money, but your name is still in the name of the company."
Wu Zhanhai said: "In the name of the company, Yonglong Investment Bank, you know it."
Yuan Kang: "Well, I know, it's okay, how much do you want?"
Wu Zhanhai spoke directly and said: "500 million"
Yuan Kang denied: "Not worth it"
Wu Zhanhai asked, "Then how much did you say?"
Yuan Kang: "200 million!"
Wu Zhanhai asked tentatively: "Is 300 million okay?"
Yuan Kang smiled and said, "For the sake of our classmates for many years, the interest rate is only one percentage point higher, 4%."
Wu Zhanhai said gritting his teeth: "It's only 3% in the market, you need 4% a month?"
Yuan Kang said helplessly: "Damn, 4%, it's all for the sake of old classmates. Brother Wu, don't be so stingy, okay?"
Wu Zhanhai felt that it was only a few days to borrow, so he gritted his teeth and said, "Okay, that's 4%."
Yuan Kang smiled and said, "Come here to sign the agreement. When I can't afford it, I will take it away by the way. By the way, I will also ask for your personal guarantee!"
He knew that Wu Zhanhai must be very short of money. This Yonglong Investment Bank is not bad. If you can't afford to pay back the money, just take it away.
Anyway, he will not lose money. After taking it away, the sellers may be able to sell it at a high price.
In the evening, Wu Zhanhai signed an agreement with Yuan Kang. If the loan cannot be paid, Yonglong Investment Bank will be taken away. If Yonglong Investment Bank is insolvent, Yuan Kang will ask him to repay the money because the four of them jointly guaranteed it.
I just borrowed for one month, and the principal and interest will be clear after one month.
12 million interest!
This is really a good deal.
And according to the agreement, if Yonglong Investment Bank is insolvent, Yuan Kang can ask Yonglong Investment Bank to repay the money at any time.
After Wu Zhanhai obtained HK$300 million, he quickly deposited the funds in his account, making the available funds in the account reach HK$500 million. The account should be very safe now.
Even if the Hang Seng Index falls below 21,000 tomorrow, it will not fall by 500 points.
Wu Hongsheng, Li Guangyu and Guan Wenwei were relieved.
"Just 12 million interest, just carry it over."
"Yes, wait for the Hang Seng Index to soar, nothing is counted as a matter."
"HK$12 million, that is, 12 points. The Hang Seng Index rose by 12 points to a profit of 12 million. What are you afraid of?"
"Yes, I'm not afraid, I'm just doing it!"
The next day, August 28th, Thursday.
The stock market has not opened.
Wu Zhanhai, Wu Hongsheng, Li Guangyu and Guan Wenwei have gathered in the chairman's office.
Wu Zhanhai said: "I hope the Hang Seng Index will support it this time."
"Otherwise the company might be gone"
"Oh, hope so"
"It will definitely not fall below the 21,000 position."
They all invest with the company's own funds. Although they lose money, the company's brokerage business has not been affected and they operate normally.
But the company's business income is no better than their own investments.
To be continued...