Chapter 292: Do the trick

Chapter 292: Do the trick
The last time they met was on the 8th of last month. A month had passed, and Fang Hexuan didn't dare to say that he knew every move of Chen Songqing, but there was someone to report to him about any major or minor event that happened in the Jianing Group.

If you want to get some benefits from Chen Songqing's pocket, how can you do it without any preparation?
Two years ago, he began to actively plan and placed a number of undercover agents and insiders in the Jianing Group.

Some of them have already climbed to the top of the group, some are holding key positions in some very important departments, and even the security guards inside are Fang Hexuan's people.

Chen Songqing is not stupid. From the first time they met at sea, he guessed that the other party came prepared and most likely had set up secret devices in his company.

But he didn't dare to point it out or investigate. After all, he was really not clean, and he was afraid that if he made a big fuss, he would provoke Fang Hexuan to break up with him.

Therefore, after that incident, Chen Songqing tried to limit the number of people who knew about many of his financing and acquisition activities within the group.

Fang Hexuan was naturally aware of these actions. He understood Chen Songqing's anxiety very well. If it were him, he would probably be even more impatient.

However, although he understood it, Chen Songqing's little tricks could not escape his eyes at all.

Because no matter how careful they are, Jianing's group account and Chen Songqing's personal account both need to go through the bank.

Although Hong Kong is currently accelerating its transformation into an Asian financial center, the Hong Kong government has not given up on monitoring all capital inflows and outflows in Hong Kong through a number of local banks. This is especially true at this critical juncture when the Hong Kong government has been in ecstasy over the past year or so due to the US interest rate hikes. The Hong Kong government dare not be careless.

Fang Hexuan's actions were undoubtedly illegal. He secretly bribed insiders in the financial operations departments of several banks, including HSBC, through some shady means.

Normally, these people are not required to do anything, just help keep an eye on the flow of funds in Jianing and Chen Songqing's accounts.

Therefore, this is why Fang Hexuan had the confidence to promise Chen Songqing to take away assets worth 3 million Hong Kong dollars when they met for the second time.

If Chen Songqing takes any major action and does not follow the agreement, Fang Hexuan will have no choice but to report him anonymously.

The 3 million is just a red line. If he gets 4 million, Fang Hexuan probably will just acquiesce.

If Chen Songqing went too far, it would be fine for him to just walk away, but this would inevitably cause a bigger ripple effect, and the Hong Kong government's determination and strength to thoroughly investigate the entire fraud case might be even stronger.

In this case, Fang Hexuan didn't dare to guarantee that he would not be implicated in the end. Although he was 100% sure that nothing would happen, it was still bad for his reputation.

Over the past month, Chen Songqing has been helping his wife and daughter obtain overseas identities while also dealing with the group's internal non-performing assets.

Given the overall sluggish stock and housing markets today, his selling of assets that are not closely related to his business will not cause a strong reaction in the market.

When the economy is booming, large companies will make all sorts of chaotic investments in order to raise stock prices, and this behavior is almost accepted by investors.

However, once the economy goes into a downturn, disposing of non-business assets and non-performing assets in order to stabilize stock prices is actually a positive sign of preparing for the winter, and will also be recognized by investors.

Using this excuse and cover, Chen Songqing quietly transferred some assets overseas. Fang Hexuan also knew something about the situation. This was a tacit understanding between the two.

Now, since the other party called him, it means that Mr. Chen is ready to fulfill his promise.

They met again at the Mandarin Oriental Hotel in Central.

The reason for choosing this place is that this hotel is owned by Jardine Matheson and is often visited by officials from the Hong Kong government. Since they have decided to fleece Jianing and Chen Songqing, they must do it in an aboveboard manner so that they can withstand the ICAC investigation later.

Fang Hexuan even notified his own Oriental Daily to send reporters to guard the hotel entrance, in the hope of making his meeting with Chen Songqing public.

A little different from the last time they met when he looked very tired and old, Chen Songqing today might have let go of his worries. Although he still has a lot of white hair, his worried look has been reduced by a lot.

Everything was very formal. The two men shook hands enthusiastically as soon as they met. Their subordinates also shook hands with each other politely, attracting people passing by to look back curiously.

In order to make the show more interesting, business exchanges should naturally be conducted in a private box with better privacy.

The Mandarin Oriental Hotel is worthy of being a Class A hotel in Hong Kong. In order to facilitate business activities, they have special boxes with meeting rooms.

The people from the two companies sat on both sides of the long conference table, and they all thought that their bosses were really conducting a business negotiation.

"Mr. Chen, I am really sincere in cooperating with Jianing Group. At this time, cash is king!"

"Who doesn't know that Hong Kong is short of money now? A large amount of hot money is flowing back to the United States, and the capital pools in the stock market, real estate market, and local cities are almost exhausted. Why do you still have to hold on to your own few fruits and starve through the winter?"

"Mr. Fang, everyone in the world is after profit. You want to acquire the high-quality assets in Jianing's hands, so you are naturally interested in their value. This should be reflected in a price that matches the value. If the price you offer is still so insincere, I am afraid that our cooperation will not be able to continue. I cannot blindly harm the interests of shareholders and investors."

"Mr. Chen, we are all businessmen, always looking for business opportunities. Doesn't the word 'business opportunity' just illustrate the uncertainty of business activities?"

"If it was a year ago, I would have agreed to your price without hesitation, but the market is so bad now, and times have changed. You can't still ask for such a high price."

Fang Hexuan and Chen Songqing exchanged sharp words and fought fiercely, sparks flew, and their subordinates were frightened.

They really thought that their respective bosses would not compromise on price.

"Mr. Fang, the 25% equity of Rama Tower was acquired by Jianing through a private placement of 17.3 new shares at a price of HK$2888888 per share. For this item alone, we paid HK$5000 million. Now I only want this price. Is it too much?"

"Also, Jianing paid HK$21 million to acquire % of Nikko's shares. Now they only want HK$ million. We should say that we have suffered a huge loss."

"Haha, Mr. Chen, 1.5 million Hong Kong dollars may not seem like a lot, but I can't accept your idea of ​​bargaining."

"I think that the HK$8000 million I'm offering for the shares of these two companies is a very reasonable price."

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 Thanks to Mengshijie for the recommendation!

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(End of this chapter)