1405 [Five More Cities]
"Mr. Xia, four companies, five billion Hong Kong dollars, how to arrange the funds?" asked Liang Botao. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
"That's it, HSBC Holdings, the telephone company, Hang Seng Bank, each 1.6 billion Hong Kong dollars. China Gas, only 200 million Hong Kong dollars, lest they say that I take advantage. Summer thought for a moment.
Liang Botao nodded, and then set about the acquisition.
HSBC Holdings, Telephone Company, and Hang Seng Bank, three listed companies, had a market value of more than HK$130 billion before the stock market crash, and a market value of about HK$70 billion after the stock market crash.
HK$5 billion is equivalent to one-14th of their current market capitalization, which is enough to buy nearly 10% of the stocks in the market, which can effectively increase the stock prices of these three companies and boost the Hang Seng Index.
And Liang Botao is also skillful in the use of funds, and 5 billion Hong Kong dollars was not smashed in one bite, but 100 million Hong Kong dollars were invested in batches. In addition, it is easy to attract the attention of shareholders by acquiring shares at a high price much higher than the current stock price.
When shareholders find that someone buys stocks at a high price, their first reaction is naturally to focus on insurance, and sell the stocks in their hands first.
But when they found that the acquirer had a great appetite, hundreds of thousands of shares, millions of shares, and those who came did not refuse to swallow them all, as if they had money, everyone's mood changed. They took back all the stocks that were supposed to be sold, and then sold them at a higher price.
When they find that if they set the price a little higher, they can still close the deal quickly. Some people started secretly buying stocks and then selling them.
When they saw that the stocks that were sold were also bought at a high price, they naturally increased their efforts to buy the stocks, so the three major stocks were revitalized.
Trading volumes rose, stock prices rose, confidence in the three major stocks began to regain, and the Hang Seng Index began to rise as a result.
In addition to the acquisition of HSBC, Hang Seng Bank, and the telephone company in the summer, people like Li Jiacheng, Bao Yugang, Guo Desheng, Li Zhaoji, and others also invested 5 billion Hong Kong dollars into the stock market, plus the 37 billion Hong Kong dollars invested in the summer, and nearly 10 billion Hong Kong dollars invested by speculators from all walks of life, the amount of funds pouring into the Hong Kong stock market in one morning alone is nearly 100 billion Hong Kong dollars.
At present, the market value of the Hong Kong stock market is only 200 billion Hong Kong dollars, so after such a huge amount of money poured into the stock market, the Hong Kong stock market immediately began to fluctuate violently.
After the market opened in the morning, Hong Kong stocks first fell sharply by 100 points, then exploded by nearly 300 points, and then fell by nearly 200 points......
In the morning, Hong Kong stocks are like a roller coaster, up and down, making the people's mood go up and down, and it is difficult to settle down.
"Oh my God, what the hell is going on? Why is the stock market getting so fast?"
"Should I sell or hold on, don't you play?"
"There are also people who make trouble in the Hong Kong government's rescue of the city, which is too lacking in morality. Shouldn't we be working together at this time? Why continue to short?"
Investors stared at the market, all of them were confused.
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Just when everyone was staring at the market, in the summer, several cities were taken down, and four listed companies, including K. Wah Group, Hopewell Properties, Great Eagle Real Estate, and Nan Fung Group, were all taken.
K. Wah Group was founded in 1964 by Mr. Lui Che Ho, a native of Xinhui in eastern Guangdong, who came to Hong Kong in the 30s, first as a food processing and garment factory, and then ventured into machinery trading, becoming a well-known machinery king in Hong Kong at that time.
In the 50s, Lui Zhihe got involved in the sand and gravel industry. Because of the prosperity of Hong Kong's real estate industry after the war, his sand and gravel industry has been operating well and has become a well-known sand and gravel king in Hong Kong.
In the 60s, Lui Zhihe officially set foot in the real estate and hotel industry, and now he has more than 10 hotels, and has become a well-known hotel king.
If he doesn't swallow his K. Wah Group in the summer, Lui Che Ho will successfully win the Macau gambling card in the future and become a new generation of gambling kings.
Through these names, it can also be seen that Lu Zhihe is really a very difficult character, no matter what line of work he does, he is very brilliant. But it's a pity that the strong have their own strong players, and when he encounters a character like Summer, he has no choice but to become a stepping stone.
Before the stock market crash, K. Wah Group had a market value of HK$3.5 billion, but now it has a market value of less than HK$1.6 billion. In the summer, it only cost 900 million Hong Kong dollars to take half of its equity, which can be described as a big bargain. Moreover, K. Wah Group is full of high-quality assets, such as hotels, mines, building materials, buildings, etc., and the future value is unlimited.
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Hopewell Properties was founded in 196 by Hu Yingxiang and went public in '72, and was once known as the Five Tigers of Chinese Real Estate along with Cheung Kong, Sun Hung Kai, New World and Hang Lung.
Hu Yingxiang's father, Hu Zhong, was a taxi king in Hong Kong, and at his peak owned 370 taxis and 126 red plates, but later the Hong Kong government allowed private procurement of taxis, so his business was greatly affected and he was forced to sell all his vehicles.
After Hu Zhong retired, Hu Yingxiang inherited his father's business and borrowed his father's funds to found Hopewell Industry and set foot in the real estate industry. Because he is a top student in the construction industry, he graduated from the Department of Civil Engineering of Princeton University in the United States.
Under his leadership, Hopewell Industrial grew rapidly, and became a leader in Chinese real estate in 72. However, the good times did not last long, and the shares of Hopewell Industrial were counterfeited, which caused the stock price to plummet, and thus triggered the stock market crash in 73 years.
Hopewell Industrial suffered heavy losses for a time, but under the leadership of Hu Yingxiang, it finally survived. Although today's market value is not as good as that of Cheung Kong and Sun Hung Kai Properties, it is also a small real estate giant.
It now has dozens of properties, commercial buildings, parking lots, shopping malls, etc., especially the Hopewell Center is the tallest building in Hong Kong, including the underground parking lot, with a total height of 216 meters, and the annual rent is 70 million Hong Kong dollars.
Hopewell Real Estate's market capitalization was HK$6.5 billion before the stock market crash, and fell to HK$3.5 billion after the stock market crash. In the summer, it only cost 2.2 billion Hong Kong dollars, and it was already in the pocket and made a lot of money.
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Great Eagle Properties is also a well-known small real estate giant in Hong Kong, founded by real estate tycoon Law Yingshi.
Luo Yingshi, a native of Puning, eastern Guangdong, made a fortune by operating cloth and groceries in the early years, and began to get involved in the real estate industry in five or six years. Because of his unique vision and good management, his assets swelled rapidly and he became a super-rich man in Hong Kong.
However, in the early 80s, Great Eagle Real Estate fell into financial crisis. At the critical moment, Luo Yingshi's son Luo Jiarui came to the rescue and led Eagle Real Estate to regroup and successfully turn losses into profits.
Before the stock market crash, Great Eagle Properties had a market value of HK$5.5 billion. After the stock market crash, the market capitalization fell to HK$2.6 billion. In the summer, it only cost 1.5 billion Hong Kong dollars to pocket Eagle Real Estate.
Great Eagle Properties has a large number of industrial plants, commercial buildings, and three properties under development. Although they have just turned a profit, these assets are still valuable and have great potential.
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Founded in 1954 by Mr. Tan Teng Wah, Nan Fung Group started as a textile company, which is also the favorite industry of Shanghai businessmen after coming to Hong Kong.
Because the performance of Nanfeng Textile Company far exceeds that of its peers, Mr. Chen Tinghua is also known as the "King of Cotton Yarn".
In the late 70's and early 80's, Hong Kong's cotton textile industry was greatly affected by the world economic recession. Mr. Chen Tinghua began to set foot in the real estate industry, building a large number of residential buildings, shopping malls and office buildings, and became a well-known real estate tycoon.
In particular, he had a unique vision, and in the early 80s, he saw that the Hong Kong government wanted to develop the New Territories, so he acquired a large amount of land in Tuen Mun in advance. Now, this investment alone has made Nan Fung Group a profit of more than HK$2 billion.
Before the crash, Nan Fung Group's market capitalization was HK$7 billion, but after the crash, it plummeted to HK$4.2 billion. In the summer, it took a total of 3 billion Hong Kong dollars to buy half of its shares.
The reason why it spent so much was mainly because during the acquisition process, Nan Fung Group was aware of it and implemented an anti-takeover strategy. If it weren't for the abundant funds in the summer and the hard use of money to smash the stocks, this acquisition would probably have failed.
And even if it wins, the summer acquisition has already caused alarm in the market.