After New Year's Day in 1973, the Hong Kong stock market was still very bullish.

On Friday, January 5, Gemdale Group held a board meeting, which was attended by 11 directors.

Li Hualong is the chairman of the board of directors of Gemdale Group, he sits in an important position, and he is the first to speak.

Li Hualong smiled: "Let me inform you of one thing first, in the past two months, Gemdale Group has continued to reduce its holdings in InterContinental Hotels Group, and now, all 12.4 million shares have been sold, with a total of HK$272.8 million in cash, at an average price of HK$22 per share. ”

Previously, Gemdale Group sold Tower 6 (later renamed InterContinental Hotels Group Center) in Admiralty to InterContinental Hotels Group, and InterContinental Hotels Group paid 12.4 million new shares of the Company to complete the transaction.

In order to facilitate Gemdale Group's sale of IHG shares to cash out, Li Hualong discussed with the directors of Gemdale Group that when Gemdale Group sold its shares, it would not tell each director in advance and would tell everyone when the transaction was completed, but he made a guarantee that he and his family would not increase their holdings in IHG during the period when Gemdale Group sold IHG shares.

"It's good to sell stocks and cash out, I feel that the Hong Kong stock market has been too strong recently." Fok Yingdong, vice chairman of Gemdale Group, smiled, "If I were not optimistic about the long-term prospects of Gemdale Group, I would have chosen to sell the shares of Gemdale Group at this time." ”

Li Hualong smiled and said, "Mr. Huo, I think you should consider reducing your holdings of Gemdale Group's shares now, and wait for the stock price to fall." Add to your stock holdings again. ”

"I can't be sure that Gemdale's share price will fall in the future, and I'm afraid that if I sell my shares now, the stock price will continue to rise in the future." Huo Yingdong smiled. "Mr. Li, are you going to reduce your holdings of Gemdale Group?"

"To tell you the truth, in the past few months, I have sold 2 million shares of Gemdale Group, and I still have 52 million shares in my hand, and if the share price of Gemdale Group continues to rise, I will consider continuing to reduce my shareholdings. The maximum reduction is 1.99 million shares, within five or six years. The number of shares I hold in Gemdale Group will not be less than 50.01 million shares. ”

"Mr. Li, the closing price of Gemdale Group on the last trading day was HK$67.5 per share, and if you are interested in reducing your holdings of Gemdale Group's shares, I am willing to buy 1.99 million shares from you at a price of HK$68 per share." Huo Yingdong smiled.

Li Hualong was slightly stunned. After looking at Huo Yingdong a few times, he asked with a smile: "Mr. Huo, do you think the stock price of Gemdale Group will rise?" ”

"There may be a possibility of decline in the short term, but in the long run, Gemdale's share price has great potential for appreciation. I think that if I can buy Gemdale shares at a price of HK$68 per share and hold shares for a long time, I will definitely not suffer a loss. ”

Li Hualong thought for a moment and said with a smile: "In order to avoid the news that I, the major shareholder, will sell the shares of Gemdale Group after the announcement. Shareholders will sell a lot of shares to cash out, I can sell you 1.99 million shares at a price of HK$68 per share, and I will only charge a price of HK$60 per share. In addition, the price difference of HK$8 per share will be subsidized to Gemdale Group. ”

"Is that okay?" Wan Yangtai, director of Gemdale Group, said with a smile.

"Why not, Mr. Huo is willing to make a bid to buy the shares in my hand, this is a matter between me and him. At HK$8 per share, 1.99 million shares, or HK$15.92 million, I injected this into Gemdale Group. I was the only one who suffered a little bit of loss, and nothing. ”

"HK$15.92 million. That's a lot of money, and in the eyes of you, the God of Wealth, it's a small amount of money. Li Xiaohe joked with a smile, "Hearing you say this, I have moved the mind of reducing my holdings of Gemdale Group stocks, as you said, I can sell high and buy low, and I can make a difference." ”

"Director Li, you can make such an calculation, but in the future, the stock price of Gemdale Group has been rising, even if it falls, it has not fallen below the price you sold, and when the time comes, don't say that I hurt you." Li Hualong joked with a smile.

In private, Li Hualong likes to call Li Xiaohe "Brother Li", which means honorific title, but on this occasion, even if it is a joke, he is willing to call the other party "Director Li".

"I'm not a three-year-old, so I'm not going to lie to you." Li Xiaohe smiled and turned to Huo Yingdong and said, "Mr. Huo, if I sell the shares of Gemdale Group, what price are you willing to buy them?" ”

"With the funds in my hand, I can barely buy 1.99 million shares in the hands of Chairman Li." Huo Yingdong smiled.

Fok Yingdong knows very well that in the next year, the share price of Gemdale Group is very likely to fall below 68 Hong Kong dollars per share, but he is not afraid of the stock price falling, if the stock price falls, he suffers a loss, then he can take the initiative to talk to Li Hualong about cooperation, as long as Li Hualong, known as the "God of Wealth", will give him some shares of the project that he thinks is very profitable, he can get a huge profit.

If Li Hualong knew what Huo Yingdong was thinking, then he would not be disgusted, but would praise the other party for being shrewd, and he was also willing to give some shares to Huo Yingdong for some lucrative projects, and even introduced him to invest in stocks with appreciation potential.

Li Hualong knows very well in his heart that as long as the historical trajectory of this world does not change too much, there are many ways for him to make money, and at the same time, he understands that it is impossible for him to take advantage of the benefits alone, and he is very willing to let his relatives and friends share them together.

"Alright, that's all for gossip." Li Hualong interjected with a smile, "Even if I sell the shares of InterContinental Hotels Group, I still think that the debt ratio of Gemdale Group is too high, and there are six projects under development by the group, and there are a lot of places with money, and I think that the Hong Kong property market is overheated now, in order to avoid risks, I hope that in the next six months, Gemdale Group will not take land." ”

"I agree that Gemdale Group's debt ratio is a little higher, and it is more prudent to reduce the debt ratio." Wan Yangtai smiled and nodded.

"I agree!" "I have no reason to object!" The other directors expressed their agreement with Mr. Lee's proposal.

"Chairman, your other companies won't take land in the next half a year?" Lee Hyo-ho asked with a smile.

Li Hualong was stunned for a moment when he heard this, and replied with a smile: "I'll tell you the truth." Several listed companies where I am chairman have no plans to buy land in the next six months. Of course. If within half a year, Hong Kong's property prices and land prices have plummeted, and I think the Hong Kong property market will rebound in the short term, then I will definitely let my companies actively buy land. As for several of my unlisted real estate companies. There is no half-year limit, and it will still actively participate in land auctions. If the price of land does not fall......"

Li Hualong said as he picked up the teacup, took a sip of tea, and continued: "If the land price falls by less than 15 percent, I will not consider buying the land." I have a large land bank in my hands. Even if no new land is purchased in three or four years, the number of development projects and the construction area can be maintained every year. ”

Fok Yingdong said with a smile: "Chairman, if the outside world hears your remarks, I estimate that land prices in Hong Kong will definitely fall immediately." ”。

"I know that I still have some influence in Hong Kong, in order to avoid the collapse of the Hong Kong property market because of my words, don't tell outsiders what I said at the board meeting. If there is good news overseas for the Hong Kong property market and stock market, I will also actively buy land and stocks. ”

A few days later. Li Hualong sold 1.99 million shares of Gemdale Group to Fok Yingdong at a price of HK$68 per share, and Fok Yingdong paid HK$135.32 million, and Li Hualong received HK$11,940. The remaining HK$15.92 million was transferred to Gemdale Group's account.

After the announcement of Li Hualong's reduction in the shares of Gemdale Group, it did not have much impact on the company's stock price, and the stock price did not rise sharply, nor did it fall sharply, and then more than a month, before the Hang Seng Index reached the highest point of the bull market. Gemdale's share price remained between HK$62 and HK$70 per share.

One morning in mid-January, Li Yisong flipped through the "Hong Kong Economic Times" in his hand. Raising his head and looking at Li Hualong, who was reading "Ming Pao", he asked with a smile: "Recently, you are still reducing your holdings of Global Shipping Group stocks, right?" ”

"Hong Kong Economic Times" was founded on June 1, 1972, is a professional financial daily newspaper under the Ming Pao Group, after more than half a year of development, has become the most popular financial newspaper in Hong Kong, now has a daily circulation of more than 100,000 copies, the reason why it can achieve such a high circulation, which is related to the professionalism of this newspaper, but also has a certain relationship with the current Hong Kong stock market and property market, many people who speculate in stocks like to read this newspaper, and people who speculate in real estate will also check information about the property market in this newspaper.

"Yes!" Li Hualong replied with a smile, "In a few days, the global shipping group will announce the financial report for the fourth quarter of last year, I heard Brother Bao say that the performance is good, it is estimated that after the financial report is announced, the stock price will rise some, and when the time comes, I will short sell the shares of the global shipping group." ”

"Short selling stocks?" Li Yisong muttered and asked again, "Does Bao Yugang know?" ”

"I've said hello to him a long time ago, and he's understandable about that." Li Hualong said with a smile, "Since the establishment of the Global Shipping Group, I have hardly participated in the management of this company, and I am not a shareholder of the Global Shipping Group, which has little impact on the development of this company." ”

"More than half a year ago, Bao Yugang and his family created Longfeng International, a real estate company, in the last half a year, the company bought a lot of land, if it is true as you predicted, the Hong Kong property market will have an inflection point, then Longfeng International's loss will be great."

"Brother Bao and his family injected the funds from the sale of the shares of the Global Shipping Group into Longfeng International, and Longfeng International bought land at a high price, which is a good thing or a bad thing, it's really hard to say." Li Hualong said with a smile, "Maybe in the future, the stock price of Global Shipping Group will fall more than the price of land, if this is the case, it is better to sell stocks and buy land than not to sell stocks." ”

"According to your meaning, the best way is to sell the stock and then deposit the cash in the bank, not only to have interest income, but also to avoid the loss of falling stock prices and land prices."

"Here's the theory." Li Hualong smiled, and his tone changed, "But I am a lot of immortals, my prediction may also be wrong, if in the next two or three years, the Hong Kong property market does not plummet, but continues to rise, or even skyrockets, according to your strategy, it may promote a good opportunity for development." Big Brother and Ah Hu are my own brothers, I have some ideas, I can tell them directly, and Brother Bao, even if we are good friends, there are some things that I really don't want to say. ”

"Bao Yugang is also a successful businessman with a unique vision, and he doesn't need you to tell him how to do business." Li Yisong smiled, "By the way, do you regret promising to the board of directors of Hang Seng Bank that you will not reduce your holdings of this bank for many years?" ”

"Nope. Since I know that the stock price of Hang Seng Bank will fall sharply in the future, I will not consider a large reduction in the stock price of Hang Seng Bank, and I do not want to lose my absolute controlling stake in this bank. ”

"If the stock price falls by 50%, or even more than 50%, I think you should sell a large number of shares when the stock price is high, which is not exactly cashing out for profit, to a certain extent, it depresses the stock price and prevents other shareholders from cashing out at a high price. When the Hang Seng stock price falls, you buy the shares, even if a general takeover offer is triggered, it doesn't matter, you have enough funds to buy Hang Seng Bank anyway. ”

"Looks like I've said something like that, right?" Li Hualong asked with a smile.

"I think so." Li Yisong nodded with a smile.

"Anyway, I made a promise, and I'm going to keep it." Li Hualong said with a smile, "As for the things that can't be changed, I won't regret it." ”

Li Hualong said and put down the newspaper in his hand, stood up, and said, "It's not early, I should go to work." After a pause, he continued, "Tonight, I have a party, so I won't come back for dinner." ”

"I'll wait for you to come back." Chen Sisi smiled, she remembered that it was his turn to spend the night with Li Hualong tonight.

"I'll try to come back sooner." Li Hualong said with a smile, and after saying goodbye to his family, he went out by car and went to work in Hualong Real Estate Company. (To be continued)