Wolf of Xiangjiang

Chapter 73 [Three in and three out]

During the banquet.

Guan Jiahui enjoyed the delicious food, but her behavior was very gentle and polite. After all, he is not a child from an ordinary family, and his upbringing is still very good.

She asked more curiously: "Brother Zhengjie, why can you talk and laugh with such a tough guy like Zheng Yutong?"

A very big viper!
Chow Tai Fook is the largest jewelry store brand in Hong Kong. Although she doesn’t know about New World Development, she does know about New World Center and New World Hotel.

Lin Zhengjie said: "We are all human beings, so we have nothing to do with talking, not to mention we are still from the same hometown."

In Guan Jiahui's mind, Lin Zhengjie was of course considered a 'young and promising man', owning two best-selling magazines. But even so, today Zheng Yutong, a powerful man, values ​​Lin Zhengjie's attitude. Obviously, being the owner of two magazines is not enough.

Lin Jiaxuan said mysteriously from the side: "Jiahui, don't you usually read newspapers?"

Guan Jiahui shook her head and said, "Is there something you are hiding from me?"

Lin Jiaxuan immediately joked: "Hey, you don't want to be my sister-in-law, do you want to hide something from us?"

Guan Jiahui blushed, she really got into that role just now.

She immediately stretched out her hand to scratch Lin Jiaxuan's creaks and said shyly: "Sister Jiaxuan, I won't let you talk nonsense!"

Lin Zhengjie was speechless. The little girl was noisy, but fortunately it wasn't too loud.

But overall, he still enjoys the life of a boy and girl.

After the quarrel, Guan Jiahui took Lin Jiaxuan's arm and said, "Sister Jiaxuan, just tell me?"

Lin Jiaxuan said with a smile: "Read more newspapers, my brother is very powerful!"

Lin Zhengjie said opposite the two women: "Okay, let's brag less and be more modest. The newspapers have already boasted enough. Jiahui, eat quickly!"

Guan Jiahui also stopped pursuing this issue and stopped pursuing it. In fact, she had already paid attention to it.

That day, Lin Zhengjie played with the two girls all day long, and did not send Guan Jiahui home until evening.

Unconsciously, the relationship between him and Guan Jiahui naturally became ambiguous.

To be honest, if Lin Zhengjie chases a girl, he will be very fast. But what he enjoys is the result of letting nature take its course, and he will not take the initiative to chase girls.

The last week of 1978.

In the office of Taifu Group (formerly Yiren Real Estate), Lin Zhengjie was explaining to Chen Weizhong and He Fangtang.

He Fangtang officially served as the "Securities Investment Department Manager" and followed Lin Zhengjie "three in and three out".

"With Taifu Group's 5000 million Hong Kong dollars in funds, you have to buy Cheung Kong and Sun Hung Kai within 10 trading days, sooner rather than later. After all, they have all fallen to the bottom now." Lin Zhengjie explained.

Looking at the stock market in 1978, it started at 404 points at the beginning of the year and once rose to 707 points, an increase of more than 7%.

However, since early November, the Hang Seng Index has plummeted, reaching a low of only 11 points.

As of yesterday's close, the Hang Seng Index was only 507 points, which is equivalent to an increase of just over 2% from the beginning of the year.

From November to December, the biggest decline was in real estate stocks, especially Chinese real estate companies. In addition to being affected by the market, there were also reasons such as rising interest rates and unsatisfactory official land auctions.

This is your chance next year!

Next year, the Hang Seng Index can rise by at least 7% (PS: the actual rise is 80%); while the stocks of Sun Hung Kai and Cheung Kong can at least double (PS: the actual rise is 180%).

"No problem! We have been cooperating with Asia Securities for a long time and are very familiar with it." He Fangtang said excitedly.

Switching to a new company, he is very motivated!
Lin Zhengjie warned: "In the future, Asia Securities will only be our business partner, and we must pay attention to maintaining our identity and distance."

He Fangtang immediately understood that Lin Zhengjie's identity was different after all. It can even be said that Taifu Group does not necessarily choose the channels of Asian securities.

"Okay, I understand!" Lin Zhengjie nodded, and he wanted to show the attitude of a chairman of a listed company.

Of course, the business will still be done by Asia Securities, but it is not the only option.

Later, Lin Zhengjie said to Chen Weizhong: "To form a real estate development department, we still have to learn real estate development. Of course, it will only be a small matter at the beginning. There is no need to worry about funding. I will soon have new funding channels."

Chen Weizhong suddenly became excited, because once he joins a real estate developer, it means that the strength of this company will increase.

"I understand, we need to establish a real estate development department as soon as possible."

"Well, don't be too anxious. After all, the land matter has not been settled yet. I just want to communicate with you in advance."

"Ok."

After some explanation, the two left the office.

Lin Zhengjie also thought about it in the office. In addition to Sun Hung Kai and Cheung Kong, Wharf could still be invested at this time, because its stock price was less than 30 Hong Kong dollars, and it was expected to rise to around 1979 next year (60). (actually around 70)

As for waiting for Wharf to rise to HK$105, it would take until mid-1980, when Bao Yugang made a bid.

Therefore, Lin Zhengjie hopes that after buying the stocks of Sun Hung Kai and Cheung Kong, he will receive another 5000 million Hong Kong dollars in capital allocation, continue to invest in Cheung Kong and Sun Hung Kai, and add a Wharf.

As for investing in the real estate industry, Lin Zhengjie hopes to use his properties and publishing industry as collateral to borrow another HK$5000 million.

This was the plan of 'Taifu Group' in early 1979!
Of course, banks don't lend money whenever they want, so the premise is that Lin Zhengjie is favored by bankers.

Because of this, Lin Zhengjie planned to place an advertisement for himself in the first issue of "FHM" in 1979.

By then, it will be easy for Taifu Group to get a loan, and it will also be easy for him to get a personal loan for Taifu Development.

On the other side, Huang Qisong and Huang Chuangming, father and son, who lost Yiren Real Estate, immediately established a real estate company.

In the office building, Huang Qisong said to Huang Chuangming: "What is the stock price of Yiren Real Estate today?"

Huang Chuangming said: "It has fallen to 1.55 Hong Kong dollars per share (peak 2.02). We have cashed out 10% (864 million shares), and the average cash out price is 1.75 Hong Kong dollars per share. This price is already or cents higher than the original price. It’s more than doubled.”

He was so proud that Huang Qisong suddenly became excited.

"What do you know? No matter how low the stock price of Yiren Real Estate was before, it was still a listed company, and what we have lost is a listed company. What is the use of cashing in now? We are not allowed to develop the real estate industry again?"

Huang Chuangming immediately shrank his neck and said softly: "Then why are we still dumping our shares?"

Huang Qisong sighed and said: "Because we can't beat Lin Zhengjie in Yiren Real Estate, he will definitely find ways to weaken our equity, such as rights issues to raise funds. Therefore, I plan to cash out while the price is high and not keep so much Shares. Now you continue to sell and see if you can push the stock price below HK$1. At that time, we will try to make a comeback and absorb some more shares."

Huang Chuangming's eyes lit up and he said, "My father is smart. Now that Lin Zhengjie is in the limelight outside, many people are pursuing Yiren's property purchase, which is perfect for cashing out."

Huang Qisong sneered: "Those investors only know how to pursue 'hype stocks', but they don't know that Yiren Real Estate's asset value is only over 1.5 million. According to the outside market, the market value of 8000 million is about the same."

The stock price of real estate companies is generally far lower than the asset value, but if there is speculation, it is not impossible to get close to the asset value. During the peak period of Yiren Real Estate, the market value appreciation exceeded the asset value. The first reason was that there were very few individual stocks outside at that time (about 12%), the second reason was active trading, and the third reason was the stimulation of good news (the speculation about Yingzhou Yingni made huge profits, and thanks to modern publishing houses).

Now that Lin Zhengjie has taken over, the stock price should have stabilized, but Huang Qisong's large-scale cash out has suppressed the stock price.

"Okay, let's continue to cash out!"

Huang Qisong is still optimistic about Yiren Real Estate (Taifu Group). He wants to 'sell high and buy low' and continue to hold Taifu Group later.

As everyone knows, it was his actions that allowed Lin Zhengjie to weaken Huang's equity without any effort.

Because, he will have no chance to absorb it later.

Not only that, but when Lin Zhengjie's funds recover, Huang will definitely be purged from the board of directors.

(End of this chapter)