The birth of the Hong Kong Island family

Yu Huanren is the only son of Wu Bing and Yu Chengwan, and the only second-household daughter allowed to work in Wancheng Development.

On this day, he urgently found his mother Wu Bing and said: "Mom, I found out at the company that my eldest brother and second brother were trying to trick my father into using company funds to speculate in stocks. This has caused huge losses. Now even some property loans need to be scrapped here and there. together."

Wu Bing said in shock: "How much did you lose?"

Yu Huanren shook his head and said: "They control the information very strictly. I only got a little information from someone close to them when I needed to repay the property loan. Anyway, the loss was huge. After all, the Hang Seng Index is only 450 points now. They If you buy it at 800 points, you will conservatively lose half of it. In addition, you need to move around even for property loans, so I am afraid you will lose a lot."

He is weak in Wancheng's development. The eldest brother has two sons, and the second brother has only one son. In addition, in recent years, his father has begun to pay attention to his eldest brother, especially after his mother has become old and frail.

Wu Bing said: "You did the right thing this time. You didn't make any announcement, but came to me for discussion."

She comes from a wealthy family in Suzhou and is the eldest daughter, so she naturally understands many things. If a son exposes his father's behavior, he will definitely be abandoned by his husband.

Yu Huanren said respectfully: "Mother is more considerate than her son. I thought of you immediately."

Wu Bing nodded, and then started thinking.

After a long time, Wu Bing's face suddenly became overjoyed and he said, "What a great opportunity!"

Yu Huanren said quickly: "What good opportunity?"

Wu Bing said with a smile: "This is the best opportunity to bring down Dafang. Of course we have to borrow external help."

Yu Huanren was not stupid and said immediately: "What does mother mean to find the other two major shareholders of Wan Cheng Development - Sir Lin and Li Sheng?"

Wu Bing looked at his son happily. Children can be taught. His son is smarter and calmer than the two eldest sons, but he is not the eldest son.

"We have to plan this matter carefully: first, we must not offend your father and pass the responsibility to your two brothers; second, you must take the opportunity to take power and assume the position of general manager; third, it is best to I have Sir Lin and Li Sheng as my backers."

Yu Huanren said in disbelief: "It's impossible for Sir Lin to care about this matter. What about his relationship with his father?"

Wu Bing said: "Not necessarily! After all, Sir Lin holds 15% of the shares in Wancheng Development, and Li Sheng also holds 10%. The money lost now is also a loss of their money. They will definitely be dissatisfied with the behavior of using public funds to speculate in stocks. . Secondly, your little sister is now an employee of the Miramar Hotel, but she has followed the path of Sir Lin. Although she has not received much care, I heard from your little sister that Sir Lin’s sister, Vice President Lin, has taken care of her. We just need to plan carefully and let her take care of her. If Sir Lin puts pressure on your father to let you serve as the general manager, then Dafang will have no hope of making a comeback!"

Yu Huanren said in surprise: "Mother, mother, actually we can do this. Introduce Sir Lin as the major shareholder and dilute father's equity, then my position will be more secure. More importantly, I suspect that the company's funds have already appeared The problem requires new funds to come in.”

Seeing that his son was reliable in his work, Wu Bing immediately said, "Okay, I'll find a way to see Sir Lin later. You'd better come up with more evidence."

"Yes, mother."

A family conflict is inevitable. Yu Chengwan never imagined that going public might not necessarily be an opportunity for development, but could also be a disaster.

A new year has come (1974).

At the end of last year, the oil crisis broke out completely. OPEC banned the import of oil into the United States, Western Europe, Japan and other countries that support Israel. At the same time, the price of crude oil soared to US$11.83 per barrel, which had a huge impact on the world economy - the Great Recession.

The prices of petroleum and ancillary products in Hong Kong were raised three times last year, especially in November by 13.7%. As a result, the cost of living in Hong Kong increased by 27%.

The Hong Kong stock market fell again and again, finally ending at 450 points at the end of last year. It plummeted by about 1,400 points for the whole year, a drop of more than 70%.

It's not just the stock market that's been affected. The oil crisis has caused Hong Kong's real estate to plummet. The general decline has reached 20%, and it's still falling.

Of course, Lin Zhichao is happy to see all this.

For him, crisis is an opportunity. If there is no crisis, how can he make a profit?

The oil crisis caused a major recession in the global economy, which meant that soon there would be a large number of cheap and high-quality assets around the world for him to pick up.

Universal Group.

"Boss, we have reached an agreement with Japan to supply 1 million tons of oil. The price of each barrel of oil is 11.8 US dollars per barrel, and freight is extra." Feng Yongfa walked into Lin Zhichao's office and said happily.

Lin Zhichao said unexpectedly: "The Japanese are so cheerful?"

He often deals with Japanese people, and Japanese businessmen are very shrewd. This time, the price was not suppressed, which is really rare.

Feng Yongfa said with a smile: "The oil crisis was too sudden, and Japan does not produce oil. In less than a month, the whole of Japan fell into an oil shortage. Now that we have oil, it is a life-saving straw."

Lin Zhichao nodded and said: "This makes sense! It seems that Japan will soon give in to the OPEC organization and indicate that it will no longer support Israel and will instead support the Arabs."

This is the fact. In previous lives, the Japanese were the first to succumb, followed by Western Europe; only the United States and the Netherlands have always held on.

In fact, although the Arabs were defeated, the Fourth Middle East War was indeed their ‘victory’.

First of all, the Arab League caught Israel off guard at the beginning, which greatly increased their confidence and wiped away the shame of the "Six-Day War" in 1967. This was also an important cornerstone of subsequent negotiations. Although Israel won in the end, the Arab League will still look for self-respect.

Secondly, after this war, OPEC gained the power to price oil. Since then, oil-producing countries in the Middle East have begun to rely on oil as a resource to become wealthy countries, especially Saudi Arabia.

Feng Yongfa thought for a while and said: "But the price of oil cannot fall back below ten dollars. After all, OPEC finally obtained pricing power, which is equivalent to obtaining a weapon."

"It's natural!"

Universal Group has 2 million tons of oil left and has no worries about buyers. Lin Zhichao planned to sell it to a British oil company and build relationships with the Labor Party.

As for selling directly in Hong Kong, that is not realistic:

First of all, the crude oil on his ship is not refined yet, although he has a cooperative refinery in Singapore;

Secondly, if he gets involved in oil in Hong Kong, he will not only offend the six major European and American oil companies, but also offend the mainland, because the mainland will supply oil to Hong Kong.

Finally, Hong Kong is too small. If he intervenes, it will change too much, which is not conducive to his business practices.

Lin Zhichao and Zhao Yazhi came to the Miramar Hotel for dinner and planned to open a house in the evening.

"Uncle Lin"

When they were in the hotel restaurant, Yu Huafang stepped forward to greet him.

Lin Zhichao was a little helpless. It wasn't that Yu Huafang said hello that made him unhappy. He was not that unkind. It was that Yu Huafang called him "Uncle Lin", which made him a little helpless. Of course, others didn't call him wrong. It was like this when he was a child. Called.

"Hua Fang, how are you, working here?"

At this time, Lin Zhichao and Zhao Yazhi were sitting in a booth in the restaurant, and Yu Huafang came to them. She is wearing a work uniform and has peach blossom eyes and a pouty mouth. She is very suitable for hotel marketing.

Zhao Yazhi covered her mouth and snickered. She had been with Lin Zhichao for so long, so of course she knew the reason for this man's helpless expression. This man was obviously only in his twenties, full of vitality and vigor, and he 'tortured' her to death every time. It was really strange to be called 'Uncle Lin' now, and she was still a twenty-year-old girl.

Lin Zhichao warned Zhao Yazhi to pay attention to his image in front of his juniors.

"Very good. Miramar Hotel is the best hotel in Hong Kong. I am really happy and honored to work here. Vice President Lin has also taught me a lot." Yu Huafang quickly expressed his loyalty.

"Okay!"

Lin Zhichao simply replied!

Seeing this, Yu Huafang understood what Lin Zhichao meant, but she still said: "Uncle Lin, my mother and brother want to see you. It seems to be a matter of Wan Cheng Development Company!"

Lin Zhichao frowned, how could he get involved in Wan Cheng's development?

Seeing Lin Zhichao's attitude, Yu Huafang immediately said: "It seems like brother and the others have lost a lot of money in the stock market!"

Lin Zhichao nodded seriously and said, "You ask them to come to the hotel, and I will talk to them at ten o'clock in the evening."

Yu Huafang immediately said: "Okay"

Then, twisting her enchanting body, she left the scene.

Zhao Yazhi didn't ask any more questions. She knew what it was like to be a woman.

Lin Zhichao sighed: "Stocks are really harmful to people!"

He has already understood some things. Yu Chengwan has always been relatively calm in business, but after going public, he became a little inflated. This time, he was bewitched by his wealthy daughter and got involved in stock trading, which caused the company to suffer losses. This also involves the intrigue between the two girls.

Lin Zhichao doesn't want to get involved in other people's affairs, but he has 15% equity in Wan Cheng Development, which means he has several million Hong Kong dollars in assets. How can he be easily wiped out?

He has a lot of money, but that doesn't mean he likes to waste it. On the contrary, Lin Zhichao has always been frugal.

The money he gives to women will not disappear into this world, and it can still make money.

Zhao Yazhi said: "That is for others, but for you, it is a sure win."

Listening to the woman's compliments, Lin Zhichao felt more or less comfortable.

Ten p.m.

After Lin Zhichao cleaned up Zhao Ya, he met Wu Bing, Yu Huanren, and Yu Huafang in the living room of the presidential suite in his pajamas.

"sister in law"

"Uncle Lin"

After some polite greetings, everyone sat together.

"Huanren, tell me, what happened to Wan Cheng?" Lin Zhichao said to Yu Huanren.

He knew that Yu Huanren was also a senior executive at Wan Cheng Development and was specifically responsible for property work.

"Uncle Lin, my father was bewitched by his two brothers and used the company's funds to speculate in stocks. His losses reached about five million Hong Kong dollars. In addition, the current sharp drop in rents has caused the company's financial strain, especially with three properties. The loan has not been repaid and I am worried that if this continues, the company will fall into bankruptcy.”

A loss of HK$5 million means that he also lost HK$750,000. In addition, Yu Chengwan's purchase of the property was expensive, which was a huge loss.

Lin Zhichao never expected that Yu Chengwan would be so swollen at this age.

To be able to lose HK$5 million, Wancheng Development must have invested at least HK$10 million.

The market value after completion of development is only over 30 million Hong Kong dollars, which is simply insane.

"You told me this because you want to use me to intervene in the competition between your two houses, right?" Lin Zhichao said calmly and confidently.

Wu Bing and others suddenly panicked, and she quickly said: "Lin Sheng, that's not the case. We just don't want Wan Cheng's development to be ruined, because now only you can persuade my husband to turn around. If we directly persuade him, we will be considered as interfering. .”

Yu Huanren also said quickly: "Uncle Lin just needs to persuade my father to stop in time. We have no other ideas. After all, you are also a shareholder."

When Lin Zhichao saw that the family of three was so frightened, he stopped showing off. After all, he really planned to interfere with Wan Cheng's development.

"Huanren, I remember your father praised you for your good skills! Today you can speak boldly about what you think. It doesn't matter if you are wrong!" Give him a sweet date with a stick.

It depends on whether Yu Huanren is really capable and whether he can seize the opportunity!

Yu Huanren did not look at Wu Bing this time, but summoned up the courage to say: "Uncle Lin, you know that my father has always been calm and measured in business, but after the automatic listing, he was bewitched by his two brothers and entered the market rashly. This has caused the company to fall into financial difficulties. Therefore, I hope that you will inject a sum of funds to complete the development, stabilize the company's finances, and increase the shareholding. At the same time, the person responsible for this loss must be held accountable, that is, the two of us responsible for financial investment A brother."

He removed his father as the person responsible because he knew that his father had a good relationship with Uncle Lin. But for such a huge loss, someone has to take responsibility, and it's Dafang's lineage.

Lin Zhichao smiled and said: "You haven't said one thing yet, that is, you hope you can be the general manager, right?"

Yu Huanren was shocked and quickly calmed down and said: "Uncle Lin, I dare not say this. After all, the company belongs to you, your father, and Uncle Li, and you have the final say in everything!"

As long as the two brothers are driven away, my father is old after all, so he still has a place.

Lin Zhichao said: "If you feel you are qualified, you can speak out boldly!"

Yu Huanren said: "I think I can do better than my brothers. Wancheng Development currently owns generous properties, but the capital turnover is temporarily limited."

Lin Zhichao said: "I understand, you go back first!"

The three of them stood up quickly and said goodbye!

Today, they were so frightened that Lin Zhichao would think that what they were doing was not good. Then their husband and father would be even more implicated, and the entire second house would be destroyed.

Lin Zhichao smiled, how terrible is he?

For today’s matter, let’s let Li Gaofu step out and be the ‘villain’!

The next day.

Li Gaofu applied for review of Wan Cheng Development's accounts in the name of shareholder and director.

Seeing that he couldn't hide the matter, Yu Chengwan finally couldn't help but confess.

Wan Cheng Development has already lost HK$5.3 million in stock trading. In addition, it spent more than HK$20 million on three properties purchased last year, and a crisis has actually emerged. After all, for a property worth more than 20 million yuan, only part of the payment is paid, and subsequent capital injection is required.

Therefore, Li Gaofu applied for a board meeting.

Wan Cheng Development, conference room.

Yu Chengwan publicly made a self-criticism at the meeting, especially when facing Lin Zhichao, he felt even more ashamed.

"To be honest, this journey has been so smooth that I inflated my ego and made such a mistake. I feel very guilty for all directors and shareholders."

But I dare to do something!

But if someone hadn't exposed him, Yu Chengwan probably wouldn't have looked back.

Li Gaofu immediately said: "Fortunately, it was discovered early and saved in time, otherwise Wancheng Development would be on the verge of bankruptcy."

He also suffered some personal losses in stock trading, but Fuhe Real Estate made a lot of money through share swaps before the stock market crash, so he was able to buy some real estate at the bottom this year.

This time, he finally made the right move. In fact, he knew that thanks to the share exchange with Changshi Group, he captured some information.

Yu Chengwan's eldest son, Yu Huancai, said without giving up: "The stock market has been rebounding recently, and it may not be the case."

Lin Zhichao said: "With high oil prices and the British Labor Party about to come to power, the stock market will only get worse and worse. Wan Cheng Development's stocks need to be sold out immediately. Stock trading itself is not in compliance with the company's articles of association."

Yu Huancai was immediately speechless. He did not have the guts to refute the famous Sir Lin. In fact, he is just a gambler who got lucky.

Yu Chengwan then said: "Someone needs to be responsible for this failure in stock trading, and I bear the main responsibility!"

Lin Zhichao said: "Wan Chengwan cannot develop without Yu Chengwan!"

Yu Chengwan immediately cast a grateful look, and then decided to cut off his arm to survive and gain forgiveness from his friends!

"This stock trading is directly responsible for two directors, Yu Huancai and Yu Huanqing. I have decided to remove them from their positions as directors and no longer entrust them to senior management. Now, everyone, let's vote!"

Yu Huancai and Yu Huanqing were immediately horrified, and were then driven out of the conference room without any suspense.

Next, Yu Huanren took the initiative and said: "Even after selling off the stocks, Wancheng Development still lacks funds, so I would like to ask the board of directors to discuss the issuance of 25% of new shares. Cheung Kong Group or Fuhe Real Estate can subscribe."

At this time, Yu Chengwan's equity was originally less than 50%. If it was diluted, it would only be about 36%.

But only by issuing new shares can the company's crisis be truly alleviated, otherwise the company will be overwhelmed by debt.

Next, everyone quickly reached a series of decisions:

Issuing 25% of new shares to Cheung Kong Group raised HK$8 million, and Cheung Kong Group’s shareholding became 36.25%, which is similar to Yu Chengwan’s shareholding.

Yu Huanren was appointed as the company's executive director and general manager to assist Yu Chengwan in managing the company.

All stocks were sold immediately, and the funds raised were mainly used to repay the loan installments. As for the remaining funds, you can choose the opportunity to purchase properties.

After the meeting, Lin Zhichao and Li Gaofu came to Yu Chengwan's office to chat.

Public is public, private is private, the relationship between the three of them is still not affected.

"Today's meeting woke me up!" Yu Chengwan said with a sigh.

Lin Zhichao said: "We have to learn lessons. The stock market is risky, but real estate will still have physical existence no matter how much it depreciates."

In Wan Cheng Development, he has invested 14 million Hong Kong dollars successively, but now the stock market value is only about 13 million, and he still has losses on his books.

"Well, Lin Sheng is right!"

At this time, Yu Chengwan also understood that Lin Zhichao and Li Gaofu had given face to this failure and retained the management rights to themselves. Otherwise, the board of directors may first decide to issue new shares and then oust the chairman. If he really needs to be investigated, there will be people from the China Securities Regulatory Commission who will make trouble for him. He might be legally responsible.