noveldepot Chapter 54: There's a problem with Hang Lung Bank.
Chapter 54: There's a problem with Hang Lung Bank.
It was a little after 14 p.m.
24-26 Des Voeux Road Central, Central.
Hang Lung Bank Headquarters Building.
"Mr. Li, welcome, welcome."
"Hello, Mr. Zhuang," Li Jiagang said calmly, glancing at him indifferently. "I've come here to inquire about the loan my father owed at your bank and the asset redemption process. How should it be handled?"
Regarding the sudden troubles at his father's company, Li Jiagang believes it was absolutely a setup that led to the company's bankruptcy.
As Hang Lung Bank was the provider of funds for his father, Li Jiagang strongly suspected that the bank was involved in the incident that harmed his father. Even if it wasn't, it was at least indirectly involved or an insider.
His purpose in coming to Hang Lung Bank this time was not only to resolve the debt and redeem the property, but also to take the opportunity to find out the hidden story behind it.
If his father was truly framed and ended up like this, then Li Jiagang will definitely not let it go and will avenge them.
"Okay, Mr. Li, please wait a moment."
The general manager of Hang Lung turned and walked into the inner room.
Watching the retreating figure of the Hang Lung general manager, he narrowed his eyes slightly. "It would be best if you weren't involved, otherwise... humph." He gave a cold, muttered snort.
Hang Lung Bank was established in 1935, formerly known as Hang Lung Bank, and was converted into a bank in 1965.
In 1976, the Philippine Unification Agency (led by Zhuang Rongkun and Zhuang Qingquan) acquired 80% of its shares for HK$5000 million.
From then on, Hang Lung Bank was no longer owned by Hong Kong Chinese, but by Filipino Chinese.
Overall, it's foreign-invested.
Zhuang Rongkun, whose ancestral home is in the inland southern Fujian region, is in his 50s and is now a Filipino citizen. He has served as chairman and general manager since acquiring Hang Lung Bank in 76.
A moment later, Zhuang Kunrong returned with a stack of paper documents in his hand. He still had a professional smile on his face, but Li Jiagang sensed that he was more cautious than before.
"Mr. Li, this is your father's loan information with our bank, as well as the frozen assets and the portion of the debt offset after the property auction."
Please take a look.
Li Jiagang frowned upon hearing this.
"Does that mean my father's assets have already been auctioned off?" Li Jiagang asked in a hostile tone.
According to Hong Kong's 78-year-old judicial procedures, a company's bankruptcy and asset seizure and auction must go through the entire process before it can proceed to the auction.
The entire process, from judgment to seizure, assessment, announcement, and auction, typically takes 2-4 months, but can take longer in complex cases.
Now Zhuang Kunrong is saying that his father's property has been auctioned off.
This further convinced him that Hang Lung Bank was definitely involved in his father's bankruptcy.
Li Jiagang calmly picked up the documents.
The first things that caught his eye were the "Asset Disposal Confirmation" and the "Bank Loan Amount," which he began to carefully read.
When he saw the date on the "Asset Disposal Confirmation Letter," Li Jiagang was immediately filled with rage, certain that the bank was involved.
His father had problems a few days before he transmigrated, which was in early August.
The date on this "Asset Disposal Confirmation" is less than mid-August.
This means that his father's assets were sold off immediately after they were seized and appraised by the bank.
They didn't follow the procedures at all.
Li Jiagang suppressed his anger and looked again at which company the bank had transacted with, as well as the appraised value of his father's assets.
When he saw the appraised price, he almost couldn't contain his suppressed anger.
Several factories, nearly forty shops on bustling streets, as well as a large amount of raw materials, machinery and equipment, company assets, a five-story small commercial building, residences, cars, villas and other assets, have now been traded away by the bank for an appraised value of ten million Hong Kong dollars.
What does this mean?
This means that his father's situation was very likely orchestrated by the bank.
Li Jiagang asked coldly, "Mr. Zhuang, is your bank acting as a guarantor for the court in advance? Or... is it that your Hang Lung Bank is already authorized to act as a judge?"
"What does Mr. Li mean?"
"Zhuangzi then asked me what I meant?"
Li Jiagang pointed to the contract and said, "Your bank auctioned off my father's assets ahead of schedule without following legal procedures. Furthermore, where did this appraised value come from?"
"So many properties valued at ten million?"
Zhuang Kunrong's expression hardened slightly upon hearing this.
Although his smile hadn't faded, it was clearly somewhat stiff.
It's obvious that she's forcing a smile.
"Mr. Li, that's a very serious statement."
"The auction process was legal and compliant, and all procedures were recorded. However…" He paused, his tone softening, "your bank has a long history of financial dealings with your father's company, and the risk warning mechanism was activated early. Upon receiving the winding-up petition, our bank exercised its mortgage rights in accordance with the contract and disposed of the secured assets in advance, which is a right granted by the contract."
"Contractual rights?" Li Jiagang sneered.
If he were still that fool from the original owner's time, perhaps Zhuang Kunrong's words would have been useful.
But he was not the original owner of this body.
"Then let me ask you another question," Li Jiagang said, pointing to the asset appraisal report, "that my father's entire asset is appraised at only HK$1 million?"
"Which appraisal agency issued the report?" Li Jiagang looked at him sharply. "Was it your firm, or some other agency?"
"In addition..." Li Jiagang continued, pointing to another contract issue, "The list indicates that the commercial building owned by Li's Electric Company at 77 Jordan Road is 'structurally damaged, classified as a dangerous building, and needs to be demolished and rebuilt, with an estimated value of only HK$100 million.'"
"I mean, that piece of land is worth more than that, isn't it? How was that valuation calculated?"
"Zhuang Sheng, aren't you going to explain?"
Zhuang Kunrong maintained his stiff smile and slowly said, "Mr. Li, I understand your feelings, but market fluctuations and asset depreciation are normal business occurrences. This is absolutely the fairest valuation, and there is no problem with it."
"Yeah?"
Li Jiagang suddenly laughed, but his laughter was as cold as deep well water.
He slowly closed the folder, and when he looked up, his gaze was like a drawn sword: "In that case, I won't bother you any longer, Zhuang Sheng."
"Mr. Li, if there's anything...?"
"Zhuang Sheng, please wait."
The door clicked shut, leaving Zhuang Kunrong sitting there, his smile long gone, leaving only a deep shadow in his eyes.
A moment later...
Zhuang Kunrong picked up the phone and dialed.
Li Jiagang went straight back to the car.
"Let's go back to the electronics company."
"Yes, young master."
In the car, Li Jiagang drove backward, his eyes narrowed as he pondered how to handle the situation.
First, he needs to investigate what role Hang Lung Bank played in his father's case, or whether it was actually the mastermind behind it.
Furthermore, who exactly is "Han Jiale," who took over all of his father's businesses, and is he related to his father's situation?
Furthermore, he also wanted to investigate the overseas company that had initially partnered with his father to see if it was all a setup from the beginning, designed by someone with ulterior motives.
in the case of…….
Lijiagang will absolutely not show any mercy.
He will make all participants pay the price.
Li Jiagang soon returned to the electrical appliance company.
At this moment, Li Junhua was waiting for him in the office lobby with ten security personnel.
"Young Master, you're back."
"Hmm, have all the documents been applied for? How long will it take to process?" Li Jiagang asked him.
Upon learning of Wang Fusheng's incident that morning, Li Jiagang immediately contacted Li Junhua and asked him to find Gao Fuhai, select ten security guards with good fighting skills, and take them to apply for passports.
Once the passports are issued, Li Junhua will take this group of people to the United States to protect Wang Fusheng and his group. At the same time, he will also have his own people there to monitor and keep an eye on the agents.
"Yes, the applications have been submitted."
"With the help of the people at Wan Tong Bao Guo, I spent 10,000 US dollars. The person at the US embassy said they would input the information immediately, and the passport could be issued as early as tomorrow, or at the latest the day after tomorrow."
Upon hearing this, Li Jiagang nodded.
His eyes then swept over the ten security personnel who were standing ramrod straight.
"Come into my office with me."
Everyone followed them into the office.
"Please introduce yourselves. I need detailed information, including which unit you serve in, what your position is, etc."
"You start."
Li Jiagang pointed directly to the person who looked the most robust and whom he found most pleasing to the eye.
"Hello boss, my surname is also Li, my name is Erniu, I am from Luzhou, Sichuan, Chongqing, inland. I am 31 years old this year. I served for 10 years. Due to family reasons, I retired a year ago and came to Hong Kong. I have practiced Li Family Boxing in my village since I was a child. For the first three years after I served, I was in a unit of a certain group. I cannot tell you the unit I was in for the next few years. I apologize."
Li Jiagang's eyes lit up upon hearing this.
He likes the situation where he can't disclose his status after joining the military. He knows without thinking that any organization that can sign a confidentiality agreement must be a core organization.
Li Jiagang kept looking him up and down.
But he didn't ask him anything further.
Then the others reported their information, and surprisingly, three of them were unable to disclose their military service unit.
And Lijiagang will remember them.
These ten people will be in the United States for about a month. Li Jiagang promised them that each of them would receive a bonus of HK$10,000 upon their return to Hong Kong, with their salary to be calculated separately.
This moved all ten security guards.
In this era, even the toughest men have to bow to the pressures of life, and this applies to laborers like them at the very bottom of Hong Kong's workforce.
Ten thousand Hong Kong dollars is definitely a huge sum of money.