Chapter 439: This is so crazy, Wang Yuanchao can't stand it
Due to the lack of courage of the Milk Company, no listed real estate company ultimately cooperated with them. Only the unknown Chinachem Real Estate actively participated in the cooperation with the Milk Company and established a new development company.

The two sides also held a press conference, at which they announced:
Chinachem invested HK$1.24 million (including property) and held a 24.9% stake, while Dairy Farm invested its land and held a 75.1% stake. Of these, 25% of the shares will be distributed free of charge to Dairy Farm shareholders, and the new company will be listed on the stock exchange.

When this news came out, not only the reporters present were surprised, but after it spread, more people were also surprised when they heard it.

First of all, in terms of scale, Chinachem Property is only a medium-sized developer active in developing small residential buildings in urban suburbs such as Tsuen Wan, and has no mature projects in core locations.

Although Chinachem Chairman Wang Dehui said in an interview with reporters that Chinachem already owns more than 40 development sites, its business is mainly real estate, and it also involves chemical industry, construction and finance, and it has a total of about 30 subsidiaries.

But the fact is that Chinachem’s strength and reputation are still not enough to compete with Hutchison Whampoa.

Especially the reputation of Chinachem in Hong Kong is hard to describe.

The quality of the house is very poor, not to mention the cutting of corners. Others bought it and there is nothing they can do about it.

There are also rumors that in the early years, in order to save as much money as possible, when it was almost time to complete the work and settle the wages, they often found many excuses to refuse to pay.

The worst off are those who have just smuggled into Hong Kong. They don't have new ID cards, are still illegal residents, and have no money. They have no choice but to work illegally at construction sites under the Chinachem Group. Their income is already lower than that of workers with ID cards in Hong Kong.

When it came time to settle the bill, Wang Dehui and his wife actually sent someone to report to the Immigration Bureau of the Governor-General's Office. The Immigration Bureau sent people to investigate and directly deported those who had smuggled in as illegal immigrants back to the country.

It is equivalent to those workers working for Chinachem for free, but in the end they did not get a penny, and instead were sent back to the mainland because they were reported.

This is no longer a secret in the real estate industry.

So, who would buy into such a company with no scale and no reputation?

Wang Yuanchao directly sold the last few shares of Dairy Farm and Hong Kong Land, without waiting for Hong Kong Land's "ultimate move" - ​​one share for five shares, all a number game. Although Hong Kong Land's share price also reached its peak, it broke through 300 yuan at one stroke!
Wang Yuanchao just sneered at this. The acquisition war was about to end. He was afraid that the high-priced stocks could not be converted into cash because it took time to give out free stocks. It was not the electronic age and the money could not be deposited immediately. By the time he got the free stocks, he was afraid that they would be too late!

On November 11, Swire announced that it had successfully acquired 30% of the shares of Dairy Farm!

At this point, the "Zhi Niu" acquisition battle that lasted for a whole month ended with the victory of Hong Kong Land Limited.

The acquisition battle lasted for a month. The Hong Kong Land Company did not spend a penny and "just printed stocks" to swallow up the big Dairy Farm. It was indeed a masterpiece and set an unprecedented record in the history of Hong Kong stocks after the war. It announced that the British financial group had won a hostile takeover of the Chinese family. Dairy Farm has since been under the British flag. The Zhou family and Zhou Xinian were seriously injured after this battle and began to go downhill.

Everyone admired Wang Yuanchao's firm control over the controlling rights of various companies. Because the example of Zhidi taught everyone vividly that no one knew where a barbarian might come out and try to seize your company.

However, the Hong Kong stock market was stimulated by this and began to rise uncontrollably. By the end of the year on December 12, the Hang Seng Index rose to 29 points.

Wang Yuanchao had previously sold shares of Jardine Matheson and Dairy Company for 8500 million yuan when he entered the market, and when he sold them, the value became 3.22 million yuan, almost tripling his profit!
This money was invested into the stock market again. Combined with previous investments, the value of stocks Wang Yuanchao is now speculating in the stock market is about 15 billion!
This does not include his own large stakes in 6+3 listed companies!

The market value of his company's stocks also soared, exceeding 76 billion in total! Among them, Wang Yuanchao's shares exceeded 52 billion!
Of course, he still owes the bank 8 million yuan in loans, all of which were borrowed from the bank to hoard land and buy stocks recently.

He was not planning to pay back the money. He was planning to sell the stocks to the bank later. Even with a discount, he would still make a lot of money.

843 points is not the top. The next three months will be even crazier!

Because the Hang Seng Index will double!
The Hong Kong Antenna Company went public in 1972. This shell company, which claimed to specialize in home television signal receivers (commonly known as antennas), clearly stated in its prospectus that "the company has not yet started operations...there is no guarantee of future dividends."

But because television was just becoming popular at the time, people had endless imaginations when they heard the company name "Hong Kong Antenna", believing that the company had unlimited potential. After Hong Kong Antenna went public, its share price soared from 1 yuan to 33.5 yuan.

Therefore, such a company can be listed, and Wang Yuanchao can no longer resist this temptation.

So he asked Starlight Cinemas, Cathay Cinemas, Starlight Cinemas, and Concord Cinemas to all go public! Other companies, such as Guolian Cinemas and Golden Eagle Cinemas, also asked him to urge them to do so. Everyone can make money!

The stock market is in such a mess, why not make money when you can?

That is to say, the horse racing ticket sales agency cannot make a profit, and is more of a public welfare company, otherwise Wang Yuanchao would have taken it public to raise some money. The film company, this time it can really go public and tell a story.

Because Bruce Lee is a well-known figure in Hong Kong. Every time he releases a movie, he sets a record, without exception!

In addition, Hollywood's Warner and Orange Films also collaborated with Starlight Films and Concord Films to shoot "Enter the Dragon".

If this isn’t good news, then what is? Hong Kong films have entered the Hollywood market!

As a result, the ticket prices for the New Year's Eve party in 73 reached a new high. Now that everyone can rinse their mouths with brandy and eat shark fin soup with rice, why would they care about the ticket price?

The then Governor Murray MacLehose, who came from the old John Empire, repeatedly called on investors not to speculate excessively and pointed out that the government was considering intervening in the stock market to curb excessive speculation. Stockholders who could make money by "buying in the morning and selling in the afternoon" naturally did not care about these disappointing words.

Everyone gives you face as the Governor of Hong Kong and watches the New Year Gala with you, but you actually tell everyone not to make money? This is really outrageous!

On January 1, Enter the Dragon officially started filming in Hong Kong. All major newspapers were hyping it up, and the film company’s stock price also soared.

The truth is, making money in the stock market is faster than money laundering!
With the recent waves of IPOs, the executives and core talents who worked with Wang Yuanchao have become hundreds of thousands of dollars millionaires and millionaires. There are also tens of millions of dollars millionaires, but they are all partner-level executives with management shares, and they are from giant companies such as Deep Blue, Blizzard, and Pacific Rim.

Some small companies have a market value of only tens of millions. How much can the shares of core executives be worth?
The entire Hong Kong, from top to bottom, seems to be obsessed with gambling.

Not only housewives who hang out in the streets, but even monks and nuns also buy and sell stocks... Domestic servants will only work for those who can buy and sell stocks for them... Stock brokers are in great demand, and even waiters in teahouses will look at them differently and treat them with extra hospitality...

If Wang Yuanchao didn't have his own securities department in the Hong Kong Commercial Bank, it would have been inconvenient for him to buy and sell stocks!
But because he has this convenience, his service staff work extra hard.

The hot stock market made Wang Yuanchao start to get scared. Before, the Hang Seng Index had a bit of a jagged shape, but in January, the Hang Seng Index rose by dozens of points every day!

It can be clearly seen that the Hang Seng Index has formed a straight vertical line, flying upwards, just like the "Hong Kong Antenna", without any bends!
Without this speed, it would have been impossible for the Hang Seng Index to reach a peak of 47 points in just 1780 trading days!
Wang Yuanchao began to sell off the stocks he had hoarded and the stocks of his own company, trying to cash out first and put the money in his pocket. He no longer dared to wait until after the New Year to make his move! Now that he had this huge butterfly, who knew what unpredictable changes would occur?

It's best to quit while you're ahead.

In addition to this, he did two more actions and one more thing.

One action is to arrange for each company to negotiate with the relevant banks to convert debt into equity. It is best not to pay back the money. This is equivalent to cashing out the company's stocks on hand to the bank, without adding liquidity pressure to the market. You can even give a 95% discount!

How can I put it about this matter? Some banks are very happy and are willing to buy more. I don’t know whether they buy it for the banks or to resell it. After all, not only does Wang Yuanchao give the banks a discount on stock prices, but the stock market outside is also rising every day. If the trading is delayed for one day, the stocks will be more valuable!
Some banks were not happy about it, such as HSBC, which was also willing to accept it, but asked for a big discount, 8% off! Because Wang Yuanchao owed HSBC the most money.

Wang Yuanchao originally wanted to refuse, but General Manager Shen Bi invited him to have tea.

It would be fine if you didn't deliver it to me, but now that it's delivered to me, how could Shen Bi refuse this achievement? And Shen Bi didn't want stocks of small companies like movie companies, but stocks of big companies like Deep Blue, Blizzard, and Pacific Rim.

To be honest, HSBC has been coveting these companies for a long time. It is not that they want to seize them, but they want to invest, hold shares, and get dividends. Banks also need to invest in assets.

How could Wang Yuanchao refuse Shen Bi's offer? This was the God of Wealth for the next ten years!

However, it was also because of Shen Bi's meeting that the meeting time was set, which was delayed for only two or three days, and the Hang Seng Index rose by more than 8 points. The 95% discount on the market price was actually similar to the previous % discount!
The Hang Seng Index’s increase is so terrifying!
Even Shen Bi didn't dare to waste any more time. The two parties drafted an agreement and locked in the price at the first possible moment.

But Shen Bi was also a bit cunning, and he never signed a formal agreement.

The stock market is rising like this, he has to take a look, right? Or, HSBC also wants to transfer some of these hundreds of millions of shares to see if they can find a buyer and make some money. Their inner judgment is that 30 to 50 million shares of each company is enough, and hundreds of millions of shares of each company are still a bit risky.

After the debts with the bank were settled, the business department could help him cash out about 50 million yuan every day. He would not deposit all such a huge amount of funds in the bank. Another action he arranged was to buy a large amount of gold, almost sweeping the gold market in Hong Kong.

In other words, there is no futures market in Hong Kong, otherwise he would go to trade futures!

(End of this chapter)