I'm back in 1990

Chapter 616: If you're sick, you need treatment.

During this period and for a long time afterward, some people in Hong Kong held a condescending and intense prejudice against new immigrants from the mainland or the emerging class from the mainland.

Chen Lisha was one of the members of this group. She had a natural disdain for wealthy mainland businessmen like Huang Xiaochuan who suddenly appeared out of nowhere.

Huang Xiaochuan also deeply despised people with colonial servile mentality. "So you have a powerful backer, huh? Then let's deal with your backer first."

Huang Xiaochuan felt that these people had forgotten their roots and were seriously ill. Since they were sick, they needed to be treated!

After getting into the car, Huang Xiaochuan said to Gao Song, who was sitting in the passenger seat, "Tell Charlie that the acquisition of the parent company of Baoshan Kindergarten needs to be expedited. I need to see results within three days. Also, you need to investigate all of Liu Zhaoheng's listed companies and core non-listed assets, find out about his main lending banks, and what major projects they are currently implementing, especially those that require a lot of capital."

"Understood, Mr. Huang!" Gao Song immediately agreed.

After conveying his intentions, Huang Xiaochuan sneered. Since they dared to provoke him, they had to be prepared to suffer retaliation.

Those in Hong Kong's real estate industry are deeply intertwined with banks and have always been accustomed to using small investments to make big gains, borrowing money from banks to expand their own wealth. Liu is probably no exception.

After leaving the club, Zhang Qi wiped the sweat from his brow and immediately instructed his driver to take him home. Having navigated the business world for so many years, he knew it was best not to get involved in the battles between powerful figures, or he could easily get burned. So, once he got home, he planned to feign illness and stay home, without even considering informing or reminding Liu Zhaoheng.

Meanwhile, Liu Zhaoheng's nephew, Liu Jian'an, who is also Liu Bowei's father, was complaining to Liu Zhaoheng at the Liu residence.

"Uncle, that Northerner's daughter is too arrogant! She hit Wei-zai and won't even apologize. She's a worthless brat who has been born but not raised." Children like these must be removed from Baoshan, otherwise Baoshan's reputation over the past few decades will be completely ruined.

Liu Zhaoheng is around sixty years old and looks to be very well-preserved. He has an air of arrogance typical of old-school Hong Kong businessmen.

He picked up his teacup, took a sip of ginseng tea, and then gave a soft snort: "Just a nouveau riche. He thinks he can do whatever he wants in Hong Kong just because he made a little money?"

He then put down his teacup and said, "Tell Chen Lisha to stay calm and handle the situation accordingly. An apology, a written self-criticism, and probation at the kindergarten are all necessary. As for expulsion, forget about it. You should always leave some room for maneuver."

This statement clearly shows that people like Liu Zhaoheng look down on newly rich people like Huang Xiaochuan deep down. In his mind, Hong Kong is the territory of families like theirs who became wealthy during the British colonial period.

The next day, Huang Xiaochuan saw the detailed documents that Gao Song had sent to his office at the headquarters of Dadao Group, which filled the entire desk.

Because Gao Song had made prior annotations, Huang Xiaochuan quickly discovered Liu Zhaoheng's Achilles' heel from these materials: a project that was being bid on and had already received a huge amount of upfront investment, the "Dongzhu Island" land reclamation project, which had also mortgaged a large portion of Liu's real estate assets to obtain credit loans from relevant banks.

This is Liu's most important real estate investment project, and also one that requires a huge amount of his funds.

Huang Xiaochuan put down the documents in his hand, pondered for a moment, and then picked up the phone and dialed.

The first call was to Gao Zhihao. The conversation was brief: to short Liu's Real Estate's stocks and bonds, create panic, and raise Liu's financing costs.

The second call was to Charlie Cao, asking him to find a way to contact the key material suppliers and contractors of the Dongzhu Island project, offer them more favorable terms to cooperate with the real estate company under the Dadao Group, and imply that they should reconsider their cooperation with the Liu family, or appropriately delay delivery and commencement of construction.

While urging Cao Charlie to expedite the acquisition of the parent company of Baoshan Kindergarten, he also secretly acquired Liu's Real Estate shares from the secondary market through a hidden offshore company. However, he did not need to make a big fuss; he should acquire them little by little in a small, rapid manner.

Huang Xiaochuan's instructions were quickly relayed, and all the relevant companies and institutions under the Dadao Group began to operate intensively.

The following evening, Huang Xiaochuan had dinner with the chairman of Hong Kong Huagang Bank, the largest lending bank for the Dongzhu Island project, at a very private club.

The next day, Hong Kong Bank suddenly announced that, given the current market situation and risk assessment, they would be re-examining the loan for Liu's Real Estate's Dongzhu Island project, and the loan disbursement process would be temporarily suspended.

It's important to understand that banks assess each loan individually. When the main lending bank for the Dongzhu Island project suddenly adopted this attitude, other related lending banks of Liu's Real Estate quickly suspended their review processes and stood by to observe. Generally, when something like this happens, it's bound to be a major incident.

Moreover, well-informed banking professionals quickly learned through various channels that someone was targeting Liu's Real Estate, so they naturally remained neutral.

Soon, troubles began to come one after another for Liu Zhaoheng. When the stock market opened on Monday, Liu's Real Estate's stock plummeted by 19%. This was followed by a series of rumors, all of which were negative about Liu's Real Estate.

On Wednesday, several major material suppliers for the Dongzhu Island project suddenly sent letters citing force majeure, stating that they were unable to provide the required materials on time and that the delivery would be delayed by at least three months.

On Friday, the main construction contractor suddenly notified Liu's Properties that due to increased construction costs and a shortage of construction materials, work needed to be temporarily suspended to reassess construction costs and await the availability of necessary building materials.

All of this is within the scope of the law. Even though there would be fines according to the contract, these companies all said they were willing to pay the fines. But compared to the huge amount of money invested in this project in the early stages, those fines are nothing!

On Saturday, Liu Zhaoheng learned that, apart from himself, most of the shareholders of the parent company of Baoshan Kindergarten had sold their shares to an overseas charitable trust fund. All transactions had been completed, and the equity transfer was finalized yesterday, Friday.

At this point, even a fool would know what's going on.

Liu Zhaoheng was covered in cold sweat as one bad news after another reached him. He never expected that the newly crowned richest man in Asia would be so ruthless and leave no room for compromise.

"How dare he?" Liu Zhaoheng muttered to himself while wiping his sweat. He believed that he had more resources and strength than Luo Jihui, so he did not take Huang Xiaochuan seriously. However, he did not expect that Huang Xiaochuan would be no match for the richest man in Asia.