When a lie cannot justify itself, you can break it without being poked by others.
This is the case with Jianing. The agreed dividend can no longer be delayed in late June, so it was announced to cancel the dividend and replace it with 10 bonus shares.
As soon as the news came out, Xiangjiang capital market was in an uproar, and Jianing's share price was vented; Tens of thousands of holders of Jianing's first-class stocks also began to feel uneasy.
The reason is obvious. At the beginning of this year, Jianing also said that it made a profit of HK $2 billion last year and went straight after Huifeng bank, the overlord of Xiangjiang banking industry. Why can't a normal dividend be paid? Besides, what about the mysterious and powerful gold owner and family background behind the scenes?
Jianing's operation was not finished. It soon announced that it planned to issue 500 million preferred shares to raise HK $500 million.
After receiving the news from Xiangjiang, Gao Xian knew that it was time to accelerate the collapse of Jianing group, so as to hit Jardine and Huifeng, who were inextricably linked to a series of commercial fraud in Jianing.
Therefore, Gao Xian gave instructions to Xiangjiang. For the plan of issuing 500 million preferred shares to raise HK $500 million, Gaoyi rating gave a credit rating of "CC", which means that the enterprise's credit is extremely poor and has been in a state of loss. For investors, it has a high degree of investment and low solvency.
Gao Yi on the other side of the Xiangjiang River immediately followed the instructions. As a result, the shock in the central financial district on Hong Kong Island was tantamount to an earthquake.
You know, over the past ten years, Gaoyi has been very solid. Indicators including Gaoyi index and Gaoyi rating have been more and more trusted by Xiangjiang professional investors. The reputation in the financial circle has been established after countless verifications.
Jianing, which has been rated as "CC" by Gaoyi, is not a small workshop. It is a large-scale diversified enterprise group in Xiangjiang, with more than 100 affiliated companies. It has three listed companies: Jianing real estate, Weida shipping and Qichang life insurance. It is not only the leader of Xiangjiang Huali, but also has a strong momentum to catch up with the British funded ocean bank with a long history such as Jardine and Swire.
This kind of large enterprise group with numerous auras is evaluated by Gaoyi rating as extremely low solvency. It is only one step away from the complete loss of solvency and two steps away from debt default. The drop is not large. Naturally, one stone has aroused thousands of waves.
Chen Songqing, chairman of the board of directors of Jianing group, almost fainted on the spot after hearing the panic report from his subordinates. Jianing and Gaoyi had no hatred. Why did Gaoyi suddenly stab him in the back.
Chen Songqing's first reaction was to contact Sir Gao, but Gao Xian was still far away in London. Of course, he couldn't find it.
This made Chen Songqing calm down slowly. He realized that it was done and Gaoyi rating announced the results. Naturally, it could not be changed. Otherwise, there would be no authority. For today's plan, we had to confuse the public and strive for buffer time.
Chen Songqing established such a huge Jianing group in just a few years. There is no doubt that he was flexible. He soon made moves to find tabloid reporters who were good friends on weekdays. He was called a cooperative tabloid reporter and took what he needed.
In this environment, Xiangjiang has money and materials. The media dare to pierce the sky.
The news came out that day. Gaoyi rating gave a "CC" credit rating for Jianing, which was for public and private use, for falling into a well and for deliberate revenge. Only because at the beginning, Chen Songqing bought Jardine's Golden Gate building at a high price instead of Sir Gao's happy building.
The nine point holiday is mixed with one point of real news, which is the most confusing. Many people, especially the holders of the first series of shares in Jianing, believe this statement, which is quite like being trapped in the mire of MLM and unable to extricate themselves.
Of course, Gaoyi can't sit back and watch such rumors spread everywhere, damaging the credibility of Gaoyi and Sir Gao. A press conference was held in the evening.
Ye Licheng made a serious statement. "Gaoyi rating, based on the principle of safeguarding the interests of investors, gave Jianing's CC rating. It may be difficult for some people to accept it because of thinking inertia, but this is the fact."
"In just a few years, Jianing has risen rapidly, but its capital and operation have been confused. Moreover, Gaoyi has received exact evidence from anonymous people. Jianing has at least HK $4 billion of illegal loans from Yumin finance and has not been repaid."
All of a sudden, there was an uncontrollable uproar in the hall, and the reporters talked one after another.
When someone asked about the source details of Jianing's huge illegal loan in Yumin finance, ye Licheng only replied lightly, "all I can tell you is that Gaoyi has confirmed the authenticity of the news, and others are inconvenient to disclose."
The reporters thought that the press conference was over here. Unexpectedly, ye Licheng said, "it is obvious to all that Gaoyi has always been fair and aimed at safeguarding the interests of the majority of investors."
"In view of the current poor situation of Jianing, Gaoyi rating believes that Yida, which has a close relationship with Jianing, also has significant risks, which belongs to CC rating."
Some reporters familiar with Xiangjiang finance and economics woke up immediately. It's not too much for Yida to say that it's Jianing's shadow company. If Jianing is really a rotten peach, Yida is definitely not good.
Ye Licheng continued: "I would like to take the opportunity of media friends to remind investors to pay attention to risk control. In addition to Jianing and Yida, companies with major project cooperation with Jianing, such as Jardine's harmony, which has participated in an investment scale of HK $2.8 billion, also have significant risks."
……
Ye Licheng's painstaking reminder is definitely full of warm humanistic care, but the reaction is stormy.
Countless people can't sleep at night. Chen Songqing and Zhong Wenwen are as anxious as ants on a hot pot; Those ordinary investors who got on the "thief ship" beat their chest and feet after learning the latest news on TV; The boss of the consortium, who cooperated closely with Jianing, scolded and dragged himself into the water.
Not surprisingly, over the past few days, Jianing's first series of stocks plummeted, all falling below HK $1 per share. In response to that sentence, Gaoyi rating said that it was junk stocks, that was junk stocks.
It is worth mentioning that listed companies with close cooperation with Jianing, such as Jardine, were also affected and their share prices fell.
As a result, the entire Hang Seng index was affected, falling more than 100 points in just one day, barely maintaining above 1000 points.
Jardine, named by Gao Yi, had a strong desire to survive. He also held a press conference to explain his major cooperation with Jianing.
In short, we are big enough to cooperate with Jianing. Although the capital scale is huge, it is not enough to affect ourselves.
The world is never short of smart people, and the capital market is full of elites.
Jardine's seemingly justifiable explanation may deceive ordinary people, but it has attracted professionals to worry about its debt scale.