The century-old family began to rise from Hong Kong Island chapter 412

The century-old family began to rise from Hong Kong Island
Chapter 412: The Nature Of A Capitalist, Ugly Face【Please Ask For Flowers! Ask For A Monthly Pass! 】
In the small room on the second floor, Su Shaoze and a group of old men were sitting on the sofa. The room was filled with the smell of cigars and filled with smoke.
Just like the ancient meeting of elders, the people who can appear in this room are well-known tycoon-level existences on Hong Kong Island.
They come together for some kind of plot or resolution!
Among them, Su Shaoze, Bao Chuanwang, and Shen Porridge are the heads, followed by the Li family and the Zheng family among the four major families, and the rest are in another level.
“Old Guo is really pitiful. His eldest son died six years ago. His wife was so sad that she couldn’t get sick and passed away. Six years later, the younger son followed suit. Now even Lao Guo himself was killed.
“There is only one woman left in the entire Guo family, not even a child. The Guo family is like no other!” Zheng Yuyin said with emotion.
Thinking about the current situation of the Guo family, he felt shuddering. Fortunately, he has several sons~
He shouldn’t end up like Guo Hongtu.
“We still have to urge the police to catch Zhang Shihao as soon as possible, let him receive the punishment he deserves, and it can be regarded as an explanation for the old Guo who died on 11!”
Li Chaoren said in a deep voice, and the others nodded in agreement.
They all voiced their desire to capture Zhang Shihao and avenge Guo Hongtu, and they must shoot this gangster who dared to shoot Guo Hongtu on the street.
The meeting first paid tribute to Guo Hongtu, and then the most important stage is about to begin.
Receive the inheritance left by Guo Hongtu and divide up Xinhongtu!
“Like most real estate companies, Xinhongtu has a high debt ratio and has mortgaged a lot of assets in the bank, which will soon expire.
“Because of what happened before, Xinhongtu’s account has no liquidity at all, and they have to face debt collection from many suppliers.”
“If Xinhongtu is unable to repay these loans before next month, the bank can only apply to the court for the mortgage of Xinhongtu’s assets, and then the city bank will organize a raffle to auction the mortgaged assets of Xinhongtu.”
“The remaining assets will first be used to repay employee salaries, government taxes and supplier debts.”
“After this set of procedures, Xinhongtu is very likely to become insolvent and be forced to declare bankruptcy.
In the conference room, Shen Conge looked at everyone and said.
And everyone sitting here has a solemn face, and under this solemnity, there is a faint flame of ambition flashing in their eyes.
Xinhongtu is a real estate company!
A large amount of cash flow is needed, and the mortgage loan to the bank is the main way of the company’s capital turnover.
Not only Xinhongtu, but also all real estate companies including Butterfly Bay are burdened with huge debts.
The debt ratio of Butterfly Bay Properties Company is considered low in Hong Kong Island, but it has reached 30%.
Therefore, once the cash flow of the real estate company breaks and the bank loan expires, the company will fall into a fatal crisis, and improper handling will lead to bankruptcy.
Just like Xinhongtu at this time.
And bankruptcy requires asset liquidation. The bank will first evaluate the assets of Xinhongtu, and then conduct an auction to repay the debt owed.
For Su Shaoze and others sitting here, this is the session they are looking forward to.
Everyone’s eyes seemed to glow green.
Many of the real estate, properties, plazas and other assets of Xinhongtu Real Estate are high-quality assets.
But no matter what the asset is, as long as it is auctioned by the bank, it will be difficult to even pay back.
Because this so-called auction is actually just a formality. Many of the assets to be auctioned have already been pre-determined, and even the final hammer price has been determined.
Su Shaoze and the others only need to buy a large number of high-quality assets of Xinhongtu from the bank at a very low price.
Of course these people should not be introverted.
And this is also the meaning of meeting with Su Shaoze and others, to discuss how to divide the assets of Xinhongtu.
Who wants which piece of land, which office building, which building, and which property!
It’s all negotiable!
Of course, in terms of the size and financial strength of the Galaxy Group, Su Shaoze must take the lead.
After all, it took a lot of effort to plot Guo Hongtu to death, and Su Shaoze would never be reconciled if he didn’t get enough benefits.
“Xinhongtu’s building on Zhonghuan Avenue is good. I’m planning to change the headquarters of Far East International Trading Company to a new one.” Su Shaoze flicked the ash in the ashtray and said softly.
He took a fancy to the building on Central Avenue!
To serve as the headquarters of the Far East Trading Company is really rich!
In fact, the Far East Trading Company does not need such a large headquarters at all, it only needs the top few floors.
The rest can be rented out, while getting a lot of rent every year, and then just wait for appreciation.
In terms of land prices on Hong Kong Island for the next 40 years, there is nothing more profitable than owning real estate.
And especially the commercial buildings in this bustling area have the largest appreciation rate.
So it is definitely a good deal to win the building on Central Avenue and hold it for a long time.
Now that Su Shaoze has spoken, the others did not argue with him. After all, Xinhongtu still has a lot of high-quality assets.
The others began to talk one by one, saying which piece of land they were going to take.
Even if two people really fell in love with a piece of land at the same time, basically they would not tear each other apart, but discuss it with each other.
One makes certain compensations to the other in other respects.
This is a modern version of the Pali Peace Conference!
These people never asked the opinions of the shareholders of Xinhongtu, nor did they ask the opinions of Guo Hongtu’s family members.
Instead, with an ugly face and greedy gaze, he took a knife and fork and began to share the fat of Xinhongtu.
Delineate your own sphere of influence and agree on which asset belongs to you.
Under the siege of these wolves, Xinhongtu has no possibility of surviving, and bankruptcy is already the best result.
In addition to winning some important assets of Xinhongtu on Hong Kong Island, Su Shaoze also acquired a large piece of land that Xinhongtu had won in Shenzhen.
Speaking of which, Guo Hongtu is definitely a figure with a vision ahead.
Not long after the establishment of the Shenzhen Special Zone, it is still desolate and the business atmosphere is average. Many people have no idea whether it can develop or not.
But under such circumstances, Guo Hongtu dared to spend a considerable amount of funds to invest in Shenzhen, and bought a piece of land in the center of Shenzhen.
I have to say Guo Hongtu’s courage and vision!
We must know that in just ten years, these lands in the center of Shenzhen will become very expensive.
In fact, Butterfly Bay Real Estate has also acquired a lot of land in Shenzhen, but the voice of making money is too rare!
The more land in Shenzhen, the better.
Just when the Bali peace meeting was about to go on, Su Shaoze, who had a keen hearing, suddenly heard a noise in the banquet hall below.
And there seemed to be Liu Xiaoli’s voice.
He didn’t know what happened, but Su Shaoze knew that he needed to go out and take a look.
Snuffing out the cigarette butt in the ashtray, standing up from the sofa, Su Shaoze said to the others: “Something seems to have happened down there, let’s go out and have a look!”.