In 1961, Fok Ying Tung, chairman of the Fok Ying Tung Group and president of the Hong Kong Real Estate Construction Association, was once involved in the "Liao Baoshan Incident" that shook Hong Kong.
Liao Baoshan is also a wealthy Hong Kong businessman, originally from Chaoyang, Guangdong Province, who came to Hong Kong in the early 1940s and made his fortune by speculating in land and gold. In 1948, the Liao Chuang Hing Savings Bank was opened in Central, and a few years later, it was renamed Liao Chuang Hing Bank. In 1955, Liao Baoshan used bank deposits to buy a large number of warehouses and some power plants in the West Ring Road to build a new building.
Liao Baoshan is well-run, giving high interest rates to small deposits, bank deposits are increasing day by day, and land prices and buildings are constantly appreciating, and his family's property is rising. In early 1961, he announced that his value had exceeded 100 million Hong Kong dollars. In Hong Kong in the 1960s, this was already considered super-rich. As a result, he has also become an idol in the hearts of his little compatriot, Li Ka-shing, who is 28 years younger than him.
But in June, news suddenly broke out that Liao Baoshan was suspected of drug trafficking and that the British government in Hong Kong was preparing to deport him.
Then, from June 14, Liao Chuangxing Bank experienced an unprecedented wave of squeezing for several days. On 16 June, HSBC and Standard Chartered jointly issued a statement that they were willing to provide HK$30 million to cope with the public run. At the same time, henry Edwards Heath, then chief of the Hong Kong police force, also published rumors in the newspaper, pointing out that the news that a well-known banker was investigated by the police and had been notified of leaving the country was groundless and completely nonsense.
At this point, liao Chuangxing bank squeezed the storm to subside. During the squeeze, Liao Baoshan did not sleep a stable sleep for 7 days.
As the saying goes: Evil is not alone. Before Liao Could catch her breath, she received an ultimatum from HSBC and Standard Chartered Bank: she would entrust The Accounting Firm to check the books of Liao Chuangxing Bank and ask for the auction of assets such as land and real estate under Liao Baoshan's name to return the loan of HK$30 million from the two banks.
Liao Baoshan believed that the two banks were going to annex his assets, and his spirit was greatly damaged, and he washed his face with tears all day long, and he was afraid and uneasy. Sometimes, just after sleeping until midnight, I was awakened by a nightmare, and I clamored to ask a lawyer for details, like a frightened bird.
At this time, some business friends told him: HSBC and Standard Chartered are going to eat you, only Fok Yingdong in Hong Kong can save you, you should talk to Fok Yingdong and ask him to come forward to help you get through the difficulties.
Indeed, it's a good idea, not a bad idea. Because in the Real Estate Industry in Hong Kong at that time, Fok Ying Tung was the most powerful, and anything in the real estate industry was looking for Fok Ying Tung to come forward. Moreover, Liao Baoshan and Huo Yingdong were also familiar, and he was fully aware of Huo Yingdong's financial resources and the weight of his speech.
One day, Liao Baoshan came to visit Huo Yingdong with a haggard face and a trance. At the first meeting, Liao Baoshan came from the middle of sorrow, with tears in her eyes, and choked up: "Huo Sheng, HSBC and Standard Chartered intend to eat Liao Chuangxing Bank, they want to auction my property, this is not equivalent to cutting my thigh meat, want me to sell children and sell women?" ”
Huo Yingdong was very sympathetic and asked with concern: "Old Liao, if you don't sell your land, what else can you do?" ”
Liao Baoshan said anxiously, "Huo Sheng, only you can help me get through this." ”
Fok Yingdong asked, "How do you want me to help you?" ”
"One way is for you and me to sign a sale and purchase agreement and sell all my property to you, so that HSBC and Standard Chartered won't auction my property," Liao said. You can rest assured that this contract is only signed for them to see, and once the storm passes, the contract can be terminated by you. ”
Huo Yingdong understood that Liao Baoshan wanted to sign a fake contract with him. But Fok Yingdong is more honest, he believes that as long as the contract is signed, it is real and has legal effect, and the number of properties in Liao Baoshan is very large, and the amount of sales involved is a huge number.
Therefore, Huo Yingdong said euphemistically: "Old Liao, as a friend, I would like to help you, but this method seems to be somewhat inappropriate, can you think of a more secure method?" ”
Hearing Huo Yingdong say this, Liao Baoshan was a little disappointed, and almost pleaded: "Huo Sheng, you must help me, except for you, no one can help me." ”
Huo Yingdong said somewhat helplessly: "Old Liao, can you help me to help you, let me think about it again, okay?" ”
Three days later, Liao Baoshan came to the door again. Huo Yingdong comforted him: "Old Liao, if you think about it, Chen Detai was able to tide over the difficulties when he encountered the low tide of real estate a few years ago. Now, the real estate market is so good, your situation is not very bad, I have calculated, after your property auction, it is also worth more than 100 million Hong Kong dollars, HSBC, Standard Chartered can not eat you. ”
In the end, Liao Baoshan listened to Huo Yingdong's advice. The property auction obtained a relatively ideal price and returned all debts, saving Liao Chuangxing Bank. (Liao Chuang Hing Bank was listed on the Hong Kong Stock Exchange in 1994, stock code 1111)
Unfortunately, although Liao Baoshan paid off her debts, she saw that the property she once owned had fallen into the hands of others, and she was extremely sad and lost. A few days later, Liao Baoshan's hypertension attacked, cerebral hemorrhage, was sent to the hospital for a few days, and finally died.
On the day of Liao Baoshan's funeral, Huo Yingdong personally visited the funeral site and sent a wreath to send off his friend Liao Baoshan.
Huo Yingdong believes that Liao Baoshan is very smart and capable, but he values his property too much, can't think about it, can't put it down, and eventually loses his life.
