Hong Kong Island's wealthy era

Chapter 29 Investment Representatives of Overseas Consortiums

Sea and Land Building.

When I walked into my building, I felt a sense of unmistakable excitement.

Shortly after the acquisition, "Tiantian Daily" moved to the tenth floor of Hailutong Building.

Since I have been a little busy recently, I haven’t listened carefully to the newspaper’s report for a long time.

"Two things today," he told his assistant Tian Yun as soon as he entered the office, "First, I will accept an exclusive interview with Tiantian Daily, and then I will listen to Zhang Jiancheng's report."

……

Wu Lili is a senior reporter from Tiantian Daily. She is about 30 years old. She is quite beautiful and her charm is still there...

"Hello, boss!" He handed the prepared interview content to Lei Liquan: "Look at what needs to be modified."

It is better to use your own media, which prepares the interview content in advance so that you can face it calmly.

"Don't call me boss during the interview later," Lei Liquan made a little joke.

"Okay, Lei Sheng."

"let's start"

……

"Lei Sheng, can you tell us the source of the funds that Taisheng Real Estate purchased for the Taikoo Valley project with US dollars? Or is it the legendary Lei Sheng's 'Midas that turns stone into gold'?" Wu Lili asked with a smile.

Lei Liquan also smiled and said: "This matter mainly depends on what you think! I can tell you responsibly that my funds come from the North American market, and I have received a commitment from a large American consortium. Provide me with an unlimited loan with an interest rate of only 10%.”

Wu Lili asked: "What is the name of this large American-funded consortium?"

Lei Liquan said with a smile: "This will be kept secret for the time being, but I can tell you that this large American-funded consortium has business all over the world and is one of the top conglomerates in the United States."

There were a dozen questions in total, and Wu Li felt that Lei Liquan was bragging.It doesn't matter, anyway, Editor-in-Chief Zhang told me that today I would just brag with Lei Sheng, and then advocate it in the newspaper, and then fly higher and higher.

The interview ended happily...

……

The newspaper publishers in Xiangjiang are equally divided between businessmen and writers.

The most typical examples of businessmen running newspapers are Lei Liquan, the Hu family, and the Ma brothers. All three of them are undefeated in the newspaper industry with their relatively strong strength and company operation methods.

Literati run newspapers, the more famous ones include Jin Daxia's "Ming Pao", "Ta Kung Pao" Fei Yimin, and "New Evening News" Luofu.
"Ming Pao" is a high-quality newspaper, and its readers are mostly intellectuals. It will be the most profitable newspaper in the next ten years.Unlike "Oriental Daily" and "Tiantian Daily", they win by being "popular".

Now, the sales volume of "Oriental Daily" and "Tian Tian Daily" have successively exceeded that of "Ming Pao" and "Sing Tao Daily", and "Tian Tian Daily" is also catching up with "Oriental Daily".

Zhang Jiancheng reported confidently: "Tiantian Daily currently sells 8 copies, which is only 10 copies away from Oriental Daily's 2 copies. Modern Newspaper has a total of 252 employees and a total of 152 journalists."

Lei Liquan was surprised to hear that there were only 10 copies of Oriental Daily. Perhaps he was being chased by Tiantian Daily and grabbed part of the share.

"Currently, we can make a monthly profit of 20 yuan..."

When he heard about the profit, Lei Liquan's eyes lit up.After listening to the report, he instructed: "I am very happy. I will not take away every penny of the profits. All of them will be used for the development of the newspaper. The next step is to establish Tiantian Evening News." Zhang Jiancheng knew that his boss would think of expansion.

""Tian Tian Evening News"", this newspaper should take a soft line, novels are not a long-term solution, so food, drink, fun, dogs and horses, everything should be included; gradually arrange the dog and horse stories that belong to the daily newspaper to the evening newspaper, anyway, it is entertainment First and foremost, citizens have to relax after a long day of work.”

Hearing this, Zhang Jiancheng showed an expression of approval on his face. Even literati like Jin Yong of "Ming Pao" founded "Ming Pao Evening News" at the end of the 60s. The newspaper followed a soft line. It is said that the pornographic content in it also aroused Jin Yong's Madam Zhu Mei was dissatisfied and wanted to stop publication, but she didn't know whether it was true or not.

"Tian Tian Daily is currently developing well, and it is just around the corner to become the No. [-] sales volume newspaper in Hong Kong. The business strategy of this newspaper does not require everyone to make major changes. There is only one word 'news', 'news', or ' news'."

Zhang Jiancheng quickly expressed his knowledge and would continue to increase the sales of daily newspapers and launch evening newspapers within a month.

Lei Liquan's attention to the newspaper has been significantly reduced, and his main work is still handed over to Zhang Jiancheng.

The next day, as soon as the exclusive interview with Tiantian Daily came out, Taisheng Real Estate's stock price stabilized significantly, and even rose slightly at the end of the trading day.

This made Lei Liquan feel relieved.

……

6 month 10 day.

Tai Shing Real Estate has once again acquired a beautiful piece of land, namely the former British American Tobacco Company site on Gloucester Road in Wan Chai's coastal area. The land has a total area of ​​9.2 square feet and can be used to build two commercial buildings, totaling approximately 80 square feet. Commercial buildings and shops.This piece of land cost a total of HK$9900 million. If it weren't for the slump in real estate, it would be difficult to buy such high-quality land at this price.

In the previous life, this piece of land was bought by a consortium of companies such as Cheung Kong, Sun Hung Kai, Hang Lung, and Chow Tai Fook in 1976, and the Elizabeth Building and Locke Building were built; the two buildings were sold in 1978 at more than 400 Hong Kong dollars per square foot. A profit of 1 million Hong Kong dollars; of which Cheung Kong holds 35% of the shares, a profit of 3500 million Hong Kong dollars.

Payment is still in US dollars.

The next day, all media in Hong Kong reported the news about Taisheng Real Estate and Lei Liquan.

Some media reports: Lei Liquan has received favor and investment from a US-funded consortium.

Some media reports: Lei Liquan’s financial backing is actually a member of the Gulf royal family, and Lei Liquan has become a good friend of the Gulf royal family and helps them invest.

……

Although these media do not have a unified statement, they at least indicate that Lei Liquan is the investment agent of a large consortium in Hong Kong.

The most direct reaction was the stock market. Taisheng Real Estate's share price rose to 5 yuan per share within three days. Taisheng Real Estate's market value reached 4 million, and it was a powerful city.

Lei Liquan immediately convened a meeting with management staff and told Ye Li, Uncle Wu and Lin Changming: "Immediately arrange a rights issue to raise funds. Entrust Profit Duo to issue an announcement. Taisheng Real Estate will raise funds at a price of 5 yuan per share, with 10 shares for 3 shares." 1.2 million Hong Kong dollars, and the proceeds will be used for its commercial building reconstruction plan! It also announced that the major shareholder has subscribed for 1080 million shares."

"In addition, we will formulate a reconstruction plan for our commercial buildings and announce to the public that once the reconstruction plan is completed, Taisheng Real Estate will have 5 commercial buildings, which can provide Taisheng Real Estate with 100 million square feet of rent-collecting buildings. Providing rental profits of more than 1 million Hong Kong dollars."

As for whether the issuance of new shares will cause the stock price to fall, Lei Liquan is not worried. Taisheng Real Estate's stock has risen to HK$5.1 per share, which has greatly exceeded his expectations.

After the rights issue is completed, the total share capital of Taisheng Real Estate will reach 1 million shares, with a price of 400 yuan per share, and a market value of 5 million.

The total debt is 1.7 million yuan, which is less than 2% of the market value. It is quite safe and of high quality.

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(End of this chapter)