Chapter 356: Million Deep Blue Listing Far East Meeting

After staying in the mainland for a few days, Wang Yuanchao returned to Hong Kong.

Because Li Fuzhao's Far Eastern Club is being established in full swing, he is honored to be one of the initiators. In addition to allowing Phoenix Daily and Hong Kong Business Radio to provide a platform for the Far Eastern Club to speak out, he must also personally stand on the stage.

Reporters from newspapers and commercial radio stations interviewed Li Fuzhao and widely publicized his original intention of establishing the Far East Club:

……

香江上市公司的数目，一直都维持在65家左右，但工厂的数目已由1947年的3000家上升至1969年的12300家，至于进出口金额更由1947年的121600万元攀升至1968年的 842800万元……上市公司的数目，明显不能反映香江经济整体力量的增长。

……

The Hong Kong Association and stock brokers thought that the Far East Club was here to grab market share, which was already not very active, and they were resistant. However, the Far East Club only talked about the market demand in Hong Kong. The Hong Kong Association only listed large companies owned by Hong Kong people, and many small companies owned by Hong Kong people had no chance to be listed. What should they do? Just leave it alone?
The stock brokers of the Hong Kong Association published articles to oppose and refute, and Phoenix Daily and Hong Kong Commercial Radio continued to publish the notice, but there would inevitably be more confrontational responses - this was Wang Yuanchao's bottom line.

It's not a life-threatening incident, it's just to let everyone speak freely. If these two mouthpieces only voice their own opinions, people will not come here to play in the future.

But the voices against the Far East Club are just a few words, such as there are only two exchanges in New York, Hong Kong is so small, there is no need for two, or they are inciting that Li Fuzhao and others are trying to cheat people out of money. Anyway, they do not face up to the problems of the Hong Kong Club itself.

Apart from Phoenix Daily and Hong Kong Business Radio, other media, such as The Star, The Tiger, The Mail, South China Morning Post, etc., voices opposing the Far East Club prevailed.

The Far East Club is even short of platforms to speak out!

Phoenix Daily and Hong Kong Business Radio have given the Far Eastern Forum a platform, which actually means they are favoring the Far Eastern Forum.

After all, the boss Wang Yuanchao has agreed to support them.

They refuted the argument that the threshold of Hong Kong Association is too high and is not conducive to the economic development of Hong Kong by showing a lot of data. (It is impossible to say that it is all John’s territory, after all, it is still a colony. It can only be said that the threshold is high and ordinary units cannot enter)

While the society was still discussing the move of Li Fuzhao and others to establish a new exchange, the market heard that another stock exchange was planning to open, and the planned exchange was the Gold and Silver Stock Exchange.

The news further aroused concerns and dissatisfaction among members of the Xiangjiang Club.

However, because Hong Kong is a free economic system, there is no legal provision that prohibits others from opening a stock exchange. There are precedents of each setting up a stock exchange before, and the government does not dare to intervene rashly.

On December 1969, 12, the Far Eastern Stock Exchange (abbreviated as "Far Eastern Exchange") officially opened.

On the first day of opening, the atmosphere was lively and the turnover reached 412 million yuan, while the turnover of the "Hong Kong Club" was only 456 million yuan. This considerable turnover not only demonstrated the strength of the "Far East Club" itself, but also highlighted that the management and operation of the "Hong Kong Club" had lagged behind the society.

[The Far East Club was established in history, with a transaction volume of 211 million yuan]

In order to promote the reputation of the Far East Club, Wang Yuanchao not only provided the Far East Club with a platform to speak out, but also personally selected Shenlan Electric Appliance as the first batch of listed companies.

Employees in Wang Yuanchao's system have a tradition of fund raising, and the company also pays dividends on schedule. Even if someone wants to withdraw money in advance, no deductions will be made according to the agreement. So as soon as Shenlan went public, employees in the system knew that it was their boss's cash cow, with dividend leverage.

Wang Yuanchao distributed a batch of original shares to the management (not only Deep Blue, but also newspapers, radio stations, toys, animation, pharmacies, cinemas, movies, real estate, property, horse racing agents, etc.), accounting for 1% of the total share capital, and everyone was allowed to subscribe according to the actual price at that time.

According to Deep Blue's current annual profit of 3000 million, if all the dividends from this part of the shares were distributed, it would be 30!
Of course, Deep Blue also has to develop new products and expand new businesses, so the dividends are generally around 50%.

This is a benefit for the veterans who have followed Wang Yuanchao for many years.

After all, the good news does not flow to outsiders.

In this wave of IPO, Wang Yuanchao only launched 1% of the stocks, but they were snapped up by his own family members, and these stocks were sold at a high price of 200 million.

If we extrapolate based on this ratio, DeepBlue’s market value would be 200 million!

Everyone was excited. Li Fuzhao, as the initiator and chairman of the Far East Club, came personally to congratulate Wang Yuanchao.

When other companies want to go public, they have to give some stocks to the Far East Club as a kickback for going public. However, Wang Yuanchao is one of the founding members of the Far East Club and was personally recruited by Li Fuzhao, so naturally there is no kickback.

However, Wang Yuanchao still has to pay various handling fees and management fees in accordance with regulations.

Many newspapers opposed the Far East Association before, but when the opposition failed, they began to criticize the Far East Association. But on the first day of the Far East Association’s opening, Deep Blue, a 200 million-dollar giant, appeared. Except for the brainless black media, other neutral media immediately began to praise the Far East Association.

The Phoenix Daily even made a big fuss about promoting its boss's business, a 200 millionaire!
Except for the senior management, no one else knows how many industries the boss has or how much money he has. But Deep Blue has a market value of 200 million, and the boss has so many industries, my God!

So Wang Yuanchao is at least a billionaire!

But those who oppose will continue to oppose.

They claimed that Deep Blue only took a small share to test the waters, and that it had such a huge cash flow that it did not need financing at all. And how many big companies like Deep Blue are there in Hong Kong? The Far East Club was just trying to use Deep Blue as a signboard to defraud money!

Another media outlet revealed that many of the investors who bought Deep Blue were employees and management of the Deep Blue system, and that they were simply doing it for their own amusement.

Some media are also keeping an eye on Deep Blue's expiring dividends. It's already December, and it's almost time! We will know whether Deep Blue is a mule or a horse by then.

The newly-promoted 200 million-dollar company is full of topics, and the newspaper has no worries about sales. In Longpu Garden Villa, Liu Heqing's family is having breakfast.

Liu Qibing put down the newspaper and said with a smile:

"Big sister, congratulations on becoming the mistress of a billionaire family! The fifth largest Chinese family in Hong Kong!"

Yes, some newspapers have already said so. The wealth-creating power of listed company stocks is so terrifying.

If Wang Yuanchao's Deep Blue Electric Appliances earns money slowly, it will take seven or eight years to earn 200 million, right?

But now that it’s on the market, everyone knows that Deep Blue is worth 200 million! Its influence is incomparable.

Far East Club urgently needs this banner to encourage and tempt other large and small business owners. Want to get rich instantly? Come to Far East Club to go public!
Liu Qiyu also smiled and said:

"Big sister, can you handle such a rich lady? Do you want me to help you? Brothers fight tigers together, fathers and sons fight in battles, we are sisters!"

Liu Qijin's smile was not affected at all, nor did it subside. He smiled and responded:
"If Brother Yuan Chao agrees, I have no objection~"

Before Liu Heqing could speak, Wang Danfeng said anxiously:

"Jin'er, what nonsense are you talking about!" Then he turned to his youngest daughter and said:

"Your brother-in-law is under a lot of pressure right now, and your sister is under a lot of pressure too. All the vixens in Hong Kong are watching! Don't mess around."

After being scolded by his mother, Liu Qiyu argued softly:

"It's better to keep the money within the family than to let outsiders take advantage of it. I'm also the eldest sister's biological sister!"

Wang Danfeng instantly changed the chopsticks from a grasp to a fist, and was about to pull them towards Liu Qiyu, but Liu Qiyu was quick-witted and dodged in an instant! He even shouted shamelessly:
"Mom, you're being unreasonable.

How many people in your film studio are watching my brother-in-law? That’s why my brother-in-law won’t go!

"The girls there, after seeing this report, will they still behave themselves? Will they still be afraid of you, their mother-in-law?"

Wang Danfeng stood up angrily and said:

"You think you're right? Where did you hear these rumors?"

Liu Qiyu said shamelessly:
"You said that when you were talking to my dad in private! I didn't make that rumor up!"

Liu Heqing couldn't stand it anymore. His wife had mentioned it to him several times. Fortunately, his son-in-law didn't care much about the specific business, otherwise there would be more than one or two cases. He didn't know which conversation was overheard by his little daughter, but fortunately she didn't overhear everything. He had to grab his wife and said:

"Okay, okay, Jin'er has already said it. Let's see what Yuan Chao means. Do you think Yuan Chao will break the rules? He is not a child anymore!"

Wang Danfeng rolled her eyes at her husband and muttered:
"If he behaves himself, we have nothing to worry about!"

Even if the affair between Wang Yuanchao and Wang Ling of Guolian was concealed, the change in attitude of Li Hanxiang and others from Guolian towards Wang Ling was obvious to anyone with a discerning eye. There were many small film production companies cooperating with Starlight Pictures. Previously, there was a Golden Eagle that received preferential treatment, but the female boss of Golden Eagle, Lotte, was divorced and had a baby, so Wang Danfeng pretended not to know. But Wang Ling was still unmarried, young and beautiful!
She couldn't tell this to her husband, after all, there was no real evidence, but the mother-in-law's intuition is also a woman's intuition!

Liu Heqing's eyelids twitched, and he felt that his wife's words were full of hidden meanings. However, since his eldest and youngest daughters were both there, some things were not convenient to say, so he could only dryly cough twice and said:

"Then how about not getting married?"

Originally, Wang Yuanchao agreed to do moving and getting married at the same time. After all, if Liu Qijin didn't come in, the people behind him couldn't come in.

Anyway, this is the fact, it is better to get married early than late.

Liu Qijin's eyes widened. Just now her younger sister had blessed her, but now her father wanted to separate them? ?
Wang Danfeng said anxiously:

"What nonsense are you talking about? Jin'er started from scratch with him, why not get married?
Okay, okay, hurry up and go to school!
If you fail to get into university, your brother-in-law will look down on you!

You know, whether it's our film company or your dad's newspaper, there are a lot of beautiful and smart girls!"

If we don't get married, wouldn't it be a waste of money for outsiders?

"Oh, you guys are so mad at me! Even if you get into college, your brother-in-law won't look down on you!"

Liu Qiuyu's smile, which had just bloomed, turned into a bitter face again, and she went to school with her second sister reluctantly.

Only Liu Qijin was left at home.

Yesterday, she accompanied Wang Yuanchao to the Far East Fair as a female relative.

(End of this chapter)