Chapter 542 Sending Hope to Shareholders
As Xu Zhengdao said, in the eyes of many people, this financial turmoil may soon subside and stop. However, the storm began to sweep through the global financial stock market, and the stock markets of various countries suddenly heard a wail.
The first to bear the brunt of the are, of course, the companies of the Stars and Stripes, and even because of the sudden collapse of the stock market, several banks have declared bankruptcy, many originally thriving factories have closed, and several large enterprises have had to carry out large-scale layoffs in order to reduce expenses.
Because of the chain reaction triggered by the financial turmoil, Shenzhou Daily and Panda TV, with their overseas news agencies, have undoubtedly become the focus of attention of many Xiangjiang citizens, and their circulation and ratings have reached new highs.
It was only at this moment that many newspapers in Hong Kong really understood what a wise decision Xu Zhengdao made to set up Shenzhou Daily and spend a lot of money to set up an overseas news agency. This exclusive news is reported by other newspapers and TV stations every day.
On the other hand, if they want to reprint these news, they also need to pay the corresponding news fee to Shenzhou Daily. Not only in Hong Kong, but also many Asian newspapers and even TV and radio stations have begun to buy news from Shenzhou Daily.
In the face of the plunging stock market, I don't know what the management of the exchange thinks, and even temporarily announced a four-day closure. Such a move has attracted strong criticism from the outside world, but it has also been praised by some shareholders.
Perhaps these investors and the management of the exchange are thinking that if they take a few more days off, their stock value may be preserved. But Xu Zhengdao, who learned the news, shook his head directly and said: "The act of covering his ears and stealing the bell is sad and ridiculous!" ”
When the market reopened four days later, as if it had accumulated resentment for several days, the stock index plummeted by a few hundred points. In the face of such a situation, no matter how stupid people are, it is clear that this kind of stock market crash cannot be curbed by closing.
When the stock market closed, many people were surprised to find that in just one day, the stock index, which had taken a year to improve, instantly returned to the way it was a year ago. This shows how much wealth evaporated on this day.
Many investment companies engaged in stock futures, as well as several banks in Hong Kong, also realized that they were completely finished. But for Xu Zhengdao, he has already begun to order the team of traders to start buying orders before closing.
The team of traders in the Stars and Stripes Nation used the money earned back from the delivery order to buy the shares of the hard-hit tech companies. The shares sold earlier will be bought back at the reserve price by his traders.
Use the money from the earlier sale of stocks to buy back more shares than before. All that's left to do is, of course, wait for the market to recover. And these cheap stocks now will also bring Xu Zhengdao multiplied or even several times the benefits in the future.
Correspondingly, the acquisition team, which has been waiting for a long time, has once again approached the film companies that had previously offered high prices. What the acquisition team has to do this time is to keep the price as low as possible. If you don't want to sell, just wait and declare bankruptcy!
This move returned to the carbine, and the people who killed Xu Zhengdao as Kaizi before were miserable. And the major film companies that wanted to prevent the Mythical Group from entering the film and television circle of the Stars and Stripes Country before have the heart to take care of these things at the moment.
The economic form is not good, so how can the people be in the mood to go to the movies?
If the market atmosphere is not good, how can film companies make money? So at this time, several major movie giants are having a headache, how to maintain the company's earnings and not be affected by the financial crisis.
At this time, the Hong Kong stock market also began to taste the consequences of the market closure. For any financial trading market, the consequences of losing credibility are extremely serious. Countless investors have chosen to sell stocks and flee.
Many times, those stocks that were originally coveted suddenly become less sought-after, and even sold at a low price without anyone taking over. In this case, it is undoubtedly another heavy blow to the confidence of shareholders.
Faced with such a situation, the Xiangfu side finally stopped waiting, but launched a judicial investigation process to investigate the exchange's choice to close the market. The person in charge of the exchange is naturally the first person to be questioned.
If it is later found out that he is involved in corruption in this market closure plan, then he will only be able to survive the rest of his life. In addition to the person in charge, the executives involved in the formulation of the market closure plan are also subject to judicial questioning.
Xu Zhengdao, who heard the news, also said with emotion: "The legal system is not perfect, and the consequences are obvious. In the long run, this market closure should be a good thing for the future of the Hong Kong stock market. ”
How can you see a rainbow without experiencing wind and rain?
Nowadays, many listed companies in Hong Kong use the listing of companies as a place to make money or even launder money. In Xu Zhengdao's view, such a stock market is undoubtedly unsound, and once it explodes, it will involve many innocent listed companies.
Therefore, this time, Xiangfu intervened, launched a comprehensive investigation of the exchange, and formulated a more sound management system, which is also a good thing in Xu Zhengdao's view. After the judicial investigation was launched, the protests triggered by the closure slowly subsided.
It was also at this time that Xu Zhengdao once again invited Yu Jianling and other company executives to his mansion in Mid-Levels. Naturally, these company executives are extremely happy about such an invitation, and they also know that this is also a sign of closeness and trust.
is still in the buffet mode, seeing these invited company executives, Xu Zhengdao also asked: "Old Yu, how did you prepare the listing plan I asked you to prepare earlier?" ”
"Chairman, will it be inappropriate to start listing at this time?"
"Then you're wrong! The stock market is currently tumbling and tumbling, as if there is no hope in sight. Although I went public, not to make money or raise funds, it can send hope to countless shareholders in Xiangjiang and boost the morale of the stock market.
In addition, the companies I planned to go public before, although the income is not too high, will also require a lot of capital in the future. If you can raise some money from the stock market, it will be a good thing after all.
And I also believe that we, the listed companies, will also bring a lot of dividends and benefits to shareholders in the future. Also, you're all senior management that I trust, and you should be giving you some tangible benefits, aren't you? ”
With Xu Zhengdao saying this, Yu Jianling didn't care. The reason is simple, what he owns is a stake in the entire Shinhwa group. He naturally doesn't care much about the shares of these subsidiaries.
The subsidiary makes money, which is equivalent to raising the group's valuation. Moreover, with the benefits he currently enjoys, I am afraid that there is no second president in the entire Xiangjiang who is more powerful and has a higher salary than him.
But for Yuan Dayan and others in the film and television company, according to the equity promised by Xu Zhengdao before. If the company goes public, the price of these shares they own will skyrocket. Although it cannot be sold in the short term, it can be used as collateral.
And once a company goes public, the higher the price of the company's stock, the more valuable the shares they own. For the management of Yuan Dayan, whose assets reach tens of millions, once the company in charge is listed, it may become a billionaire.
Even if they are billionaires on paper, their status in Xiangjiang and even in the circle will be improved in a straight line. How many people can resist this kind of benefit and temptation?
new