After Hong Tianwen left, Lu Yinhe sat on the sofa chair and fell into deep thought.

To be honest, the borrowing of HK$500 million this time was not to raise the stock price, but to maintain the stock price.

100 million shares can be bought for HK$500 million. He doesn’t believe that this black shirt insurance company can still short 100 million shares?

After today, he was also frightened, and this time he underestimated the strength of the Black Shirt Insurance Company.

Unexpectedly, it was true that Blackshirt Insurance Company said that it would use HK$2 billion to short Galaxy Entertainment Group!

No bragging, no scaring.

And they actually thought that the Blackshirt Insurance Company was just using HK$500 million to HK$1 billion.

Today they suffered a great loss, and their family's private funds were also exhausted by the Blackshirt Insurance Company.

After thinking about it, he asked, "How are you investigating the situation of the Black Shirt Insurance Company?"

What he cares most now is how much money does Blackshirt Insurance Company have to short Galaxy Entertainment Group.

This Galaxy Entertainment Group is the largest company of the Lu family and the most profitable company.

This time, the shareholding ratio increased from 45% to 60%, consuming HK$3.2 billion.

And their family's private funds have dried up.

At this time, the special assistant Feng Tianmin walked forward and spoke respectfully: "Chairman, you have already found out."

Lu Yinhe asked anxiously: "How much money do they have?"

Feng Tianmin spoke very seriously: "The Black Shirt Insurance Company has no extra funds to short.

Behind the Black Shirt Insurance Company is mainly the Feng family of Yongheng Bank.

The funds of the entire insurance company are all in Yongheng Bank.

This time I heard that Yongheng Bank borrowed HK$500 million to the Black Shirt Insurance Company.”

After thinking about it, he continued: "At present, Blackshirt Insurance Company still owes China Merchants Wing Lung Bank, a subsidiary of China Merchants Bank, HK$500 million, Jiehao Credit Company, HK$500 million, and Yongheng Bank, HK$500 million.

A total of owed a bank loan of HK$1.5 billion!

The bank that mainly supports it is Yongheng Bank.”

Insurance companies all have liability reserves. I heard that the ratio of liability reserves for this black shirt insurance company is very high, and these liability reserves are all in Yongheng Bank.

Then he took out another report, which was provided by the undercover agent in the Blackshirt Insurance Company.

The total assets of Blackshirt Insurance Company are 15 billion, financial assets of 5.1 billion, cash flow of 2 billion, real estate of 900 million, and liability reserve of 7 billion.

The total liabilities are 15 billion, of which 500 million are loans from China Merchants Bank, 500 million are loans from Jiehao Credit Company, and 500 million are loans from Yongheng Bank

Currently, Black Shirt Insurance's net assets are negative HK$200 million.

Lu Yinhe was relieved when he saw the Blackshirt Insurance Company owed the bank HK$1.5 billion in loan.

Now the cash flow of Blackshirt Insurance Company has been consumed on Galaxy Entertainment Group's stock.

The 2 billion Hong Kong dollars cash flow is definitely gone, and I still owed a bank 1.5 billion loan.

The longer the time goes on, the black shirt insurance company will be ruined and will not even pay the interest.

The net assets are already minus HK$200 million. If they continue to lose, the CSRC will take action, which is obviously insolvent!

"It's over!"

Lu Qihui, who was standing beside him, couldn't help but say: "This black shirt insurance company is really crazy and overestimating one's own abilities!"

"Father, the stocks shorted by Blackshirt Insurance are borrowed, and the interest rate is very high every day. As long as we drag it down and consume it, the Blackshirt Insurance Company will not even pay the interest."

Lu Yinhe nodded: "This HK$500 million fund may not be used anymore."

Blackshirt Insurance Company is now a clay Buddha who crosses the river and cannot protect itself. How can it still be able to continue shorting Galaxy Entertainment Group?

He even regretted mortgaged the villa loan of HK$500 million.

It was just a false alarm, because I was too nervous.

At this time, Lu Qihui suggested again: "Father, we can continue to mess with it and kill it!

On the news, we made financial fraud by Blackshirt Insurance Company, violated regulations and abused funds, and was insolvent early on, and had been making financial fraud!

There is also Yongheng Bank to cooperate with the fake, let the China Securities Regulatory Commission investigate it!”

Over the past period of time, Jiehao Financial Group and Galaxy Entertainment Group have also had a series of partners, and have been working on Blackshirt Insurance Company.

Moreover, when Blackshirt Insurance Company privatized Kanghong Global Insurance Company, it illegally manipulated the stock price, which cheated many ordinary shareholders and privately gave major shareholders a 20% premium, and acquired the major shareholders' shares at a price of HK$120 million per share.

The 20% premium difference is enough to cause Blackshirt Insurance Company to suffer a severe blow.

Retail investors have filed a class action lawsuit to demand compensation.

Also, employees who have bought insurance policies for black shirt insurance companies are also launching insurance cancellations and class action lawsuits!

After these lawsuits, there is no HK$50 million, so it can’t be handled!

It is also very useful to continue to accuse Blackshirt Insurance Company of financial fraud and insolvency early.

At that time, China Merchants Bank will withdraw loans and Jiehao Financial Group can also use this name to withdraw loans.

Now the black shirt insurance company has no cash flow, and he doesn’t believe that this black shirt insurance company is still incomplete!

At that time, the stock of Galaxy Entertainment Group has to be closed, and the company will be sold out due to huge losses, and then the company will be destroyed and will be acquired.

When Lu Yinhe heard this, he was very happy. This youngest son, Lu Qihui, had many bad ideas, and this method was good.

"Okay, that's it!"

"Father, then I'll make arrangements." After saying that, Lu Qihui hurriedly went to make arrangements.

Although the private funds of the Lü family have dried up, there are many companies under the Lü family.

Not only Galaxy Entertainment Group, Galaxy Entertainment Group is just the largest company.

As soon as Lu Qihui left, Lu Yinhe's phone rang.

It was called by Lu Yufang, the eldest daughter in the United States.

Stanford Hotel Group, which says its family is in the United States, has suffered a serious impact.

The loan was withdrawn by Citibank and urgently needed $300 million in funds.

Otherwise, Stanford Hotel Group will be done and will be acquired by an American hotel group.

The Lü family has industries around the world, covering Singapore, Hong Kong, Thailand, the United States, and the United Kingdom```

Unexpectedly, something went wrong with the Stanford hotel in the United States.

In 2006, Stanford Hotel Group acquired many hotels. When the funds were insufficient, they went to bank loans, and the scale became larger and larger.

He was once complacent.

Unexpectedly, the US economy is very bad this year, and the collapse of real estate has caused the value of many hotels to plummet.

Their Stanford hotels were very expensive when they acquired hotels, but now they are very bad.

It requires $300 million.

US$300 million is more than HK$2.3 billion!

The family currently has HK$500 million in funds, but they still mortgaged the villa and borrowed it.

In addition to Galaxy Entertainment Group, other companies have not much capital flow and are not large in the family business. It would be good to mobilize HK$300 million.

Galaxy Entertainment Group has a lot of funds, and there is no problem to mobilize HK$1.5 billion, but it has some things to use!

Lu Yinhe fell into deep thought.

The family funds alone cost Galaxy Entertainment Group, which only helped protect the market, spent HK$3.2 billion and just borrowed HK$500 million.

Can't borrow any more.

Anyway, the Lu family now holds 60% of Galaxy Entertainment Group's shares. The funds of Galaxy Entertainment Group are used to invest wherever they want.

But this matter must be done secretly and cannot be known to the outside world. Galaxy Entertainment Group used HK$1.5 billion to save the Stanford Hotel Group, the Lü family in the United States.

Do it as soon as you say it!

He quickly raised funds, including the family's funds of HK$500 million, Galaxy Entertainment Group's HK$1.5 billion, and other companies of the family raised HK$300 million, and jointly formed an investment fund.

A total of HK$2.3 billion was invested overnight to Stanford Hotel Group in the United States to resolve the family's industrial crisis in the United States.

This time, there was another HK$2.3 billion, which made the funds of the Lü family and family businesses short of funds.

In fact, the working capital of HK$5.2 billion is gone.

Lu Yinhe couldn't help but smoke a cigar to relieve the urgency.

Soon, the negative news about Blackshirt Insurance Company, financial fraud, and long-term insolvency were published by media partners under Galaxy Entertainment Group, and it was still headline news.

··

8 pm.

Wang Guanxi, Feng Shaokun and Zhou Tianjing had a meal in Ming Pavilion.
To be continued...