Chapter 313: Unification of Industry

Ye Tian stayed in the office and chatted with Zhang Meng for a while, and after arriving at the point, he went to the office to preside over the meeting, or the familiar conference room, when the first meeting was held here, there were only three or two kittens, and today was completely insufficient, and many people couldn't take their turns, so they could only sit on the periphery for a meeting.

The participants in the meeting are the senior executives of various companies, Oriental Holdings, Chinese Real Estate Group, Far Eastern Bank Group, Oriental Entertainment Group, Hong Kong Power Company, these major group companies belong to the property under Ye Tian's name, highly controlled, and have the absolute right to speak, Far East Hotel Group, Far East Holding Group, and Far East Real Estate Group The three major companies belong to Qiu's trusteeship enterprises, and there are some other voices to varying degrees, not the kind that opposes them openly and slacks off in private. Immediately kicked out of the management team, the meeting had not yet started, and Ye Tian's prestige reached its peak.

The meeting discussed the possibility of joint office of several major group companies, on the one hand, to improve work efficiency, on the other hand, Ye Tian wants to build a giant company, strengthen competitiveness, after killing chickens and monkeys, naturally no one objected, unanimously approved the construction of an office building in the offshore area of Hung Hom, Kowloon, named Oriental Group, formerly known as Oriental Holdings, which is a big killer under Ye Tian, but also the core company, Ye Tian gallops the stock market, this company holds the shares of many companies in Hong Kong.

Under Ye Tian's repeated urging, in April 1986, the Oriental Building was officially completed.

After the joint office, Ye Tian once again showed his fangs, with Oriental Holdings as the core, a comprehensive restructuring of the assets under his command, after the initial success, he set his sights on the three Far East companies, and promoted the backdoor listing of the Oriental Group, after the listing, Ye Tian is fully qualified to win the title of the richest man in Hong Kong.

In June, Oriental Holding Group increased its stake in Far Eastern Group, Far Eastern Hotel Group and Far Eastern Holding Group to a certain percentage. Officially announced that these three companies were subsidiaries of the Oriental Group, Ye Tian asked Qiu Degen to be the honorary chairman, and hired Qiu Dacheng, who had just been released from prison, as the group's director and assistant to the CEO, and the Qiu family chose to remain silent.

The so-called subsidiary refers to a certain amount of shares controlled by another company or actually controlled and controlled by another company in accordance with the agreement, the subsidiary has independent legal personality, owns its own property, its own company name, articles of association and board of directors, carries out business activities in its own name, engages in various civil activities, and independently bears all the consequences and responsibilities brought about by the company's actions, but involves major decisions or major personnel arrangements for the interests of the company. It is still up to the parent company to decide.

The news of the restructuring came out, the market value of several companies under Ye Tian's name rose to varying degrees, Ye Tian and the company's shareholders and directors rose sharply, most of the shareholders increased their holdings, and they were unanimously optimistic about the Oriental Group, and Ye Tian cashed out part of the funds, not that he didn't want to increase his holdings, but that he accounted for too much of the company's equity, Hong Kong regulations. Individuals cannot occupy 75% of the equity of listed companies, Ye Tian is at this critical point, and if he increases his holdings, the company will face the risk of cashing out, which is the case. Generally, only fools increase their holdings.

Ye Tian's move nominally accepted the Qiu family's management of the head office, but in fact, Qiu Degen was not capable of any position, and Qiu Dacheng was only his assistant and had no real power. However, Ye Tian should give the Qiu family no less equity, this is a promise he made, and at the same time, Ye Tian also hinted to the Qiu family. If Qiu Dacheng has the strength, he doesn't mind handing over the daily affairs of the collective to the other party, and he serves as the chairman and is responsible for the management of the general direction, in other words, Ye Tian is in charge of the big things, and Qiu Dacheng is in charge of the small things.

In August 1987, after the equity of the Oriental Group increased fivefold, the total market value has exceeded 40 billion US dollars, Ye Tian chose to cash out, and if he remembers well, soon after, the '87 stock market crash' broke out around the world.

On September 14, Li Jia Changjiang Industrial Group announced the largest fundraising plan in history, with three companies: Cheung Kong Industrial, Hutchison Whampoa, and Jiahong International, raising a total of 10.3 billion yuan, drawing a large amount of money from the market, but the market regarded it as a sign of confidence.

After cashing out, Ye Tian found that Li Jiacheng's trick was very smart, neither need to sell equity, nor take risks, you can get a large amount of money, it only took one day, the Oriental Group has learned and learned, and implemented a fund-raising plan in several subsidiaries under its command, because the market value of the Oriental Group far exceeds that of the Yangtze River Group, Ye Tian raised far more than Li Jiacheng, in Ye, Li's plan, a month later, there was a major economic event (stock market crash), because the rights issue plan has force majeure clauses, the irrevocable rights issue plan, so, at the highest point of market capitalization fund-raising, The lowest point of market value to repurchase shares, which means that Ye Tian and Li Jiacheng's industries have not experienced a stock market crash, or that the losses have been transferred to others, when other companies are weak and their market value falls to the price of cabbage, the Oriental Group and the Changjiang Group are at their peak, and it is foreseeable what will happen to the Hong Kong economic circles, the emerging chaebols Ye Tian and Li Jiacheng have risen in an all-round way, and the old families are facing a reshuffle.

At the end of September, Ye Tian's private account funds were as high as 150 billion Hong Kong dollars, which belonged to his private ownership, before the company went public, 150 billion Hong Kong dollars could buy all his net worth, the company was listed less than two years, the market value increased fivefold, Ye Tian's net worth also increased fivefold, after cashing out 150 billion, Ye Tian is still the largest shareholder of the Oriental Group, holding 32% of the company's shares, and the Qiu family holds 19% of the company's shares.

On Monday, October 19, 1987, the New York stock market on Wall Street was hit by a stock crash, the largest crash in history. The Jones index fell 508.32 points in one day, down 22.6%, the highest single decline since 1941, and within 6.5 hours, the New York stock index lost $500 billion, which is worth 1/8 of the annual gross domestic product of the United States, the stock market crash shocked the entire financial world, and produced a "domino" effect in the world's stock markets, London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other stock markets were strongly impacted, Stocks fell by more than 10 percent, and the stock market crash caused great panic among investors in Western countries, with many millionaires becoming poor overnight, and thousands of people having a nervous breakdown and committing suicide by jumping off buildings.

The day was dubbed "Black Monday" by the financial world, and the New York Times called it "the worst day in the history of Wall Street."

The United States is still like this, not to mention the situation in Hong Kong, although the catastrophic decline in the stock market broke out on the 19th, to the 26th appeared at the most pessimistic and worst moment, but the top of the Hang Seng Index appeared as early as the 1st, on October 1, the Hang Seng Index rose to 3968 points at its highest, and then the market showed a good and light contention, such as Ye Tian's Oriental Group, only formulated a fund-raising plan, the market value soared 17% on the same day, and the market rose 6.09% throughout the day, The market closed at 3949.73, although the fund-raising plan was prepared in a hurry and later than Li Jiacheng, Ye Tian still received more than 50 billion funds. (To be continued.) )