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Chapter 531: Li Changjiang's Scheme

~7 min read 1,251 words

"Go to Standard Chartered and look for the American consortium, see if they're interested."

Shen Bi suggested, anyway HSBC doesn't want to take over.

Niu Bijian had long anticipated the current situation, but he still felt heartbroken.

"I understand."

Afterwards he glanced at Mai Lihao, his eyes full of disappointment.

Actually selling to Yang Qing would also be possible, but Mai Lihao has been blocking it.

As a result, Yang Qing grew impatient and acted directly.

But now Mai Lihao can't come up with any solution.

What can Mai Lihao do, dare he use Hong Fu's finances to support Harmony? Obviously impossible.

Niu Bijian went to see the American consortium early the next morning; as soon as they heard Niu Bijian wanted a loan, they all shook their heads like rattles.

Harmony now has holes everywhere, they're crazy, lending to you.

Niu Bijian despondently returned to Harmony Big Building.

And the Gangdao stock market opened again.

As expected, it opened at a market value of 5.5 billion, and Harmony has already become a pile of shit.

One by one, people stayed far away from it.

Henry watched the plummeting share price, his face turned pale, his hands and feet icy cold.

However, this wasn't over yet.

Today's newspapers were all talking about Harmony.

Whatever insolvency, whatever foreigners cashing out and fleeing, whatever the Yang Family massively selling Harmony, nothing looked good—it was all bad news.

Those who had originally wanted to get rich and held back their shares also started selling today.

Selling now still yields a profit; wait a bit longer, and it might be worth nothing.

Niu Bijian and Henry watched Harmony's market value shrink all the way from 5.5 billion to 3.7 billion.

This isn't even the end, because according to media disclosures, Harmony is already insolvent.

In other words, the less it's worth, the less it's worth.

Out of face for them being foreign firms, those financial institutions might not demand repayment immediately.

Especially HSBC, they wouldn't watch them go bankrupt.

But resources are exhausted, Harmony can't accomplish anything anymore.

Henry, gritting his teeth, said.

"Let's sell the shares of Kowloon Warehouse."

Niu Bijian firmly opposed.

"Kowloon Warehouse is now a high-quality asset in our hands."

"If we want to sell Harmony for a good price, we can't sell Kowloon Warehouse."

"Now we can only negotiate jointly with HSBC and Yang Qing."

"Strive to sell to Yang Qing at a high price."

"Kowloon Warehouse shares will be our most valuable bargaining chip."

That night, Li Changjiang made up his mind and found Shen Bi.

He was unwilling; the fat profit in his grasp just ran away.

"Manager Shen, I want to buy HSBC's shares of Harmony at an 80 billion valuation."

"Preferably also give me the shares of Harmony pledged to HSBC."

Shen Bi looked at Li Changjiang; this is an ambitious person.

He showed some interest and asked.

"What will you use to purchase it?"

Li Changjiang said firmly.

"I can pay in installments."

"As long as HSBC helps me gain control, I can pay the loan interest at the current highest interest rate."

He already holds nearly ten percent of the shares.

After obtaining HSBC's shares and adding Harmony's shares, he can then buy some shares low on the market, and he can almost take over Harmony.

This is a brilliant idea, but it's a bit late.

Because there are too many holes.

Shen Bi doesn't think Li Changjiang has the ability to repay Harmony's debts while also being able to repay the loan he gave Li Changjiang.

Even if he could, who knows when these loans will be repaid—maybe in the year of the monkey and horse.

If Li Changjiang had come to him at the beginning, he might have agreed.

But now?

Too late, everything is too late.

A short squeeze emptied Harmony and also drained HSBC's courage.

They are financial companies, they need to control risk.

What Harmony needs now is a cash injection, not a bad acquisition.

"I will discuss with Niu Bijian and Henry; if they agree, I have no objections."

"However, the loan limit—I can give you at most 1 billion, that's the maximum."

Just then, the assistant ran over and told him that Niu Bijian and Henry had come over.

Shen Bi grabbed Li Changjiang.

"No need to trouble you, Niu Bi Jian and Henry will be here soon."

"When the time comes, you can discuss."

Li Changjiang was still thinking about how to persuade Niu Bi Jian when, unexpectedly, people arrived.

He was uncertain, but he was earnestly contemplating how to resolve the immediate dilemma.

After Niu Bi Jian and Henry arrived, Shen Bi gave them a subtle signal.

Li Changjiang took a deep breath.

"Greetings, gentlemen."

Niu Bi Jian and Henry did not expect Li Changjiang to be here.

"Director Li, why are you here?"

Li Changjiang did not hide the truth.

"Senior managers, to be frank, I intend to acquire Harmony."

Niu Bi Jian and Henry almost laughed.

What will you use to acquire it?

"Director Li, that joke isn't funny at all."

Li Changjiang felt extremely embarrassed.

Shen Bi offered him a way out, saying,

"He can acquire Harmony at an 8‑billion valuation, but only with installment payments."

"What do you two think?"

Henry sprang up immediately.

"What kind of joke is this, installments? Do you think we're fools?"

"To be honest, we really don't want to keep messing with Harmony any longer."

"We indeed want to offload the Gangdao business."

"But we will not accept installments."

Niu Bi Jian also nodded.

"Director Li, it's not that we refuse to help you; Harmony urgently needs cash flow now."

Li Changjiang blurted out,

"We could sell some properties and Kowloon Warehouse shares."

Niu Bi Jian flatly rejected,

"Impossible. Harmony now relies on the Kowloon Warehouse and Land's premium shares we hold."

"If we sell them, Harmony would collapse instantly."

"If you want to buy, buy together; if you want to sell, you can only sell together."

"If you can produce cash, I can hand Harmony over to you immediately."

"If you can't, then forget it."

"Installments are simply not possible."

"Perhaps you could borrow from Senior Manager Shen Bi and purchase the shares we hold."

Shen Bi quickly cut him off,

"HSBC has its own rules; we can only put forward 1 billion here."

"Anything more is impossible."

Li Changjiang's face turned ashen at the remark.

He was promised the Land, but Yang Qing snatched it; Harmony should have been his too, and now it's being denied to him.

He's worked so hard, yet the loss is this huge—what's the point?

That's outrageous.

Watching Li Changjiang walk out of HSBC.

Henry Kessler scolded, "Don't even look at your own status, trying to gulp down Harmony in one bite; I have no idea what you're thinking."

Niu Bi Jian said nothing; Li Changjiang had helped them a lot.

They want the goodwill, but money is money, and goodwill is goodwill.

Harmony cannot be sold to Li Changjiang.

Now Yang Qing is the one who can produce large cash and let them liquidate quickly.

If they keep dragging this out, their partners will soon be unable to hold on.

Once this group collapses, Yang Qing will get it for free.

"Senior Manager Shen, do you think you could connect the two sides for us?"

"We won't ask for more; we'll follow Li Changjiang's proposal—if Yang Qing acquires the shares we hold at an 8‑billion valuation, that's sufficient."

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End of Chapter

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