novelones Chapter 239 Wang Lei comes to collect debts, no one can lend him money without paying back
Chapter 239 Wang Lei comes to collect debts, no one can lend him money without paying back
With no one around backstage, Wang Zhengyi could no longer hide the smile on his face and burst into laughter.
"Son, look at the proud faces of the foreigners. You really think they have taken advantage of our Wang family."
Wang Lei also showed a proud smile:
"After tomorrow's news comes out, it is estimated that housing prices in Hong Kong City will reach a new level. We will just speed up the sale of beachfront villas on Lantau Island."
Wang Zheng also had to lament that his son played this skill beautifully.
Not only has the heavy burden of half of Lantau been thrown away, but the prices of seaside villas have also increased, and it is expected to compete with the half-mountain villas in Victoria Peak.
"It's your own fault. If Charles, Guy and others hadn't been bent on blocking our Wang family, they wouldn't have ended up buying it at a high price."
You must know that housing prices in Hong Kong City continued to fall during the East Asian financial crisis.
The decline was as high as 70% at one time, and it was not until around 2004 that there was an upward trend.
Until 2023, some luxury houses that are not worthy of the name or real estate in remote areas will still be 97 to 30% lower than the peak in 40!
One can imagine how big the Hong Kong property market bubble is.
Even if Charles hired an engineering team to start work in full swing, it would be impossible to complete such a large project within three years.
Having spent such a large sum of money on a project, given Charles's character, there was no way they would be willing to sell it before getting considerable profits.
Both Charles and Guy were very greedy, and it was this bad character that gave Wang Lei the confidence to trick them to death.
This opportunity is indeed rare. If the other party hadn't insisted on letting him go, Wang Lei would never have found such a good opportunity.
"A Lei, we got a total of HK$3800 billion from this auction!"
The new exchange rate policy announced by the Hong Kong government in 83 is based on a fixed exchange rate of 7.8 Hong Kong dollars per US dollar and a linked exchange rate system linked to the US dollar.
The Wang Group has withdrawn a total of US$487 billion this time!
"Dad, do you plan to use this money to invest in U.S. stocks?"
"Yes, I sent people to inspect Microsoft Group, Apple, and some technology giants. They are indeed very valuable for investment.
Now is the best time to enter. "
Wang Zhengyi also said:
“I also plan to enter the real estate industry in the beautiful country, but we have many enemies, so we must be careful.
So I plan to enter the market in the form of a trust, or use some capital to enter the market as a white glove.
Your Catherine is a great choice. "
Seeing his father's joking look, Wang Lei smiled:
"Well, Blackstone Group is indeed a trustworthy ally. With their help, our Wang family's overseas investments will be worry-free."
"I also plan to increase investment in mainland real estate. Recently, Longguo has promulgated a new exchange rate policy. Many Hong Kong rich people are eager to try it and ask me for advice."
Wang Lei also knew about the new exchange rate policy mentioned by Wang Zhengyi.
Because for a long time, the exchange rate of Ruanmei currency against the US dollar has been fixed.
And because of the decline of the big goose, the fixed exchange rate is much higher than the actual and black market exchange rate.
Some foreign capital and Chinese people with ulterior motives bought soft sister coins from the private sector at low prices, and then sold them to Longguo Bank at high prices.
Arbitrage in this way.
Moreover, an excessively high exchange rate will cause exports to stop and imports to increase, which is very detrimental to the development of local enterprises.
It is against this background that it is better to buy ready-made products from abroad than to make them yourself.
So in 94, Longguo issued a new exchange rate and simply lowered the exchange rate to the black market rate.
The exchange rate was reduced to about 8.6.
It can be understood as active depreciation.
This has made many Hong Kong businessmen feel that there are huge prospects for investing in the mainland, and they use foreign exchange to buy properties in the mainland.
Naturally, Wang Zhengyi would not miss such a good opportunity.
"A Lei, your layout in the retail industry has given me full confidence in the development of the mainland, so Wang Real Estate has planned to enter second-tier cities, with an estimated investment of up to 100 billion US dollars!"
Wang Zhengyi was greatly shocked by the potential that Wumart Supermarket and Guomao Supermarket, two retail chain companies, had exploded in a short period of time.
It gave this Hong Kong tycoon a new understanding of the mainland's spending power.
This makes Wang Zhengyi's determination to expand investment even stronger.
While other businessmen in the port city were still asking for directions, Wang Zhengyi had already begun to speed up and trot.
"Ah Lei, looking at it this way, our Wang family's funds are still not stable enough. We may have to... borrow money from you again."
Wang Zhengyi felt very strange when he said this. When did this kid become the big benefactor behind the Wang family?
He has even become accustomed to asking his son for money.
"Of course there is no problem. I plan to ask Li Qilin to open a Bailong branch in Hong Kong City. When the time comes, I can give you a [-]% discount on the interest rate!"
"I'm only borrowing money from you at a [-]% discount?"
Ignoring his frustrated father, Wang Lei answered the phone and walked out.
He plans to go to the cold country.
I would also like to thank Charles and others for their tireless publicity.
Now the whole world knows that Wang Group has encountered a debt crisis.
How could it be better if we don’t press for debt at this time?
So after the auction, he said goodbye to the reluctant Bai Chaoqiong and boarded a plane to Seoul.
That call was from Jin Zhongxuan. After growing up in the past few years, he also slowly took over the family business under the guidance of Jin's father.
The other party seemed to have something unspeakable and did not really want Wang Lei to come to Seoul.
Looking at this posture, it seems that he doesn’t want to pay off the debt?
The five-year agreement between the two parties was about to expire, but the other party chose to avoid it. This attitude made Wang Lei a little angry.
When the Wang family encountered a crisis, Wang Lei was also disappointed by the indifferent attitude of the two allies of Han State.
So Wang Lei decided to make the two families bow before him no matter what.
Get what you want.
"Jin Zhongxuan, you really disappoint me."
"Brother, I can't help myself. Now I understand how heavy the burden is. Considering the relationship between the two of us, can't you delay the debt a little longer?"
"One code equals one code. If your father was more sincere, I wouldn't be so eager to ask for money. If it were you, do you think your family is doing this kindly?"
Jin Zhongxuan was speechless for a moment. If he were the president, he would help the Wang Group to survive the difficulties even if he sold his ancestral property at a low price, but he was not. In the eyes of his father, he was just a child who had to be obedient.
He couldn't change any of Jin Yuzhong's thoughts.
"Brother, I will persuade my father. I hope you can give us some time."
"No need, I'm already on my way to Seoul. I'll come to Chairman Kim in person to have a good chat."
There is also the Samsung Li family, which actually banned its own woman, Li Fuzhen, and this account must be settled properly.
The debt owed to him by both families must be paid back to him twice as much!