Chapter 390 The final struggle
"Shameless!"

"Extremely shameless!"

Originally, Zhou Xinnian felt that he had won the battle as the stock price of the Dairy Farm was more than twice that of the Hutchison Whampoa stock.

In his opinion, the little tricks used by Jardine Matheson were no longer likely to succeed, so he did not even use the method of stock splitting.

But who knew that Swire would be so shameless as to use the land of the current dairy company’s farm to hypothesize how much future profits would be?

On the front page headline of the newspaper thrown on the ground by Zhou Xinian, there were several big scarlet words: 10 billion Hong Kong dollars!
A full profit of HK$10 billion?
Since last year, the Dairy Farm’s stock price has increased several times, with a price-to-earnings ratio of more than 80 times, and its current market value is only around HK$10 billion.

Swire Properties was so shameless as to include the future land valuation of the Dairy Company into its own future profit expectations.

The milk company’s surname is Zhou, not Ying!

Everyone knows that the most valuable thing a dairy company has now is the land it owns. How much are those thousands of dairy cows worth?
Whether in Pokfulam or Causeway Bay, with the recovery of Hong Kong's real estate prices, the land under the name of the Dairy Farm is worth at least 5 million Hong Kong dollars!

"Ring ring!"

The phone rang. Zhou Xinian quickly picked up the phone. "Hello?"

"Oh, Mr. Yongqiang. Yes, I have read the newspaper!"

"That's right! It's really shameless!"

"Okay, I'll hold a press conference right away!"

"Bang!" Zhou Xinian slammed the phone down, exhaled heavily, and then called Xia Houbin, the general manager of the milk company. As soon as the call was connected, he immediately cursed: "Xia Houbin, what the hell are you doing!"

"Didn't you read today's newspaper?"

"Others are actually using our land as a future profit growth point, and you don't have any reaction at all?"

"What? You're waiting for my instructions? If I hadn't said anything, wouldn't you have told the reporters how profitable our milk company is? Even if I had a dog, I could still do a better job as general manager than you!"

"Bang!" Without waiting for Xia Houbin on the other end of the phone to explain, Zhou Xinian slammed the phone down again.

After taking a few deep breaths, he called the butler: "Old Zhou, I'm going to hold a press conference tomorrow. Please help me cancel the banquet tonight. I need to go to bed early tonight."

"Ok."

Old Zhou tiptoed out. After a while, a plump woman in her 30s came in and brought a bowl of Tremella soup. "Master, have some sugar water."

The woman said softly, "It can reduce internal heat."

"Hmm." Zhou Xinian closed his eyes and snorted.

It was obviously not the first time for the middle-aged woman and her technique was very skilled.

Start with a gentle massage of Zhou Xinian's head, Baihui, Fengchi, and then the Jianjing points on his shoulders, then slowly squat down. After a while, a rustling sound came from under the table.

After the middle-aged woman finished massaging her legs, she stood up with sweat on the tip of her nose and a rosy complexion.

"Master, you are very angry."

"Hmm!" Zhou Xinian let out a long breath, his sullen face relaxed, and he picked up the Tremella soup and drank it in small sips.

At 11 o'clock in the morning on November 9, in the first floor lobby of the Hong Kong Stock Exchange, Zhou Xinian was followed by the senior executives of the Dairy Farm Company, headed by Xia Houbin, and Luo Yongqiang of the Luo Fuqi (Father and Son) Company.

The group held a press conference in a temporary conference room that the exchange helped to build. Today was Sunday, and the stock market was closed. Sir Zhou Xinian's face and Luo Yongqiang's friendship with Smith, the chairman of the Hong Kong Exchange, allowed the Dairy Company's press conference to be held on the first floor of the exchange.

It can be seen from here that Zhou Xinian wants to overwhelm Zhidi Real Estate with his momentum.

In addition to reporters from various newspapers in Hong Kong, he also specially invited reporters from TVB and ATV to record the scene, which would then be reported on the two TV stations' television news.

Many people have heard of TVB, but not many know about Ke Li's TV station.

In fact, Rediffusion Television was the first television station in Hong Kong, but it was a pay cable television station established in 1957 and named "Rediffusion Television". It was an English channel and cost HK$25 per month.

It wasn't until 63 that a Chinese channel was added, but it was only in Cantonese.

However, since the establishment of Hong Kong's Wireless Television Station TVB in 67, ATV's development has been getting worse year by year.

In order to cope with the competition from TVB, Rediffusion's greatest contribution was to open Hong Kong's first performing arts training class in 67, providing many actors and behind-the-scenes staff for Hong Kong's performing arts.

Zhou Xinian wore a dark Tang suit today, with his arms stretched out and a pocket watch hanging on his chest.

This outfit was also suggested by Luo Yongqiang. You have to know that most retail investors are grassroots Chinese, and a sense of identity is very important.

"Dear journalists!"

"Dear fellow villagers of Hong Kong!"

Zhou Xinian looked around and said in a slow tone, "Everyone knows that Hong Kong Land proposed to acquire the Dairy Company in the newspaper."

"Duoduo!" Zhou Xinian hit the ground with his cane and shouted excitedly: "But this is robbery! It's a naked robbery of the assets of our Chinese businessmen!"

“牛奶公司72年每股的股息足足有3块钱，置地两股的股息只有2块4；牛奶公司每股盈利3块6，置地两股的盈利只有2块5”

"Jia Li actually wants to use two shares of Jia Li to exchange for our Dairy Farm shares. Isn't this naked robbery, or what?"

"We, the Dairy Farm Company, firmly oppose this shameless takeover by Hong Kong Land!"

"Ka Ka Ka!" The reporters were desperately taking pictures of Zhou Xinian and others with their cameras, and then they asked in unison: "Sir Zhou, acquisitions in the stock market are normal transactions, how can you say it is robbery?"

"The Landmark said that the profits of the Dairy Company are inflated. Only by developing the land can the profits be maximized, but the Dairy Company does not have this ability. Sir Zhou, what do you think?"

Zhou Xinian did not answer and motioned Xiahou Bin to continue.

Xia Houbin stepped forward and loudly announced the next stock split plan of the Milk Company: "According to the resolution of the Milk Company's board of directors, the Milk Company will split its stock, with each share split into 1 shares. In addition, the Milk Company's profit in 10 increased by 72% compared to 71. The board of directors wants to reward the majority of shareholders."

"Resolution: Increase the dividend per share from 3 dollars to 4 dollars!"

"it is good!"

The investors watching were excited and cheered in unison!
After the press conference, the two TV stations broadcast the news on their dedicated financial channels and invited well-known brokers to comment on the stocks of Hutchison Whampoa and Dairy Farm.

There were also various news reports with all kinds of people praising these two companies as if they had become the two most profitable companies in the Hong Kong stock market.

The next day, Monday, when the stock market opened, Dairy's stock price surged by 50 yuan, opening at 290 yuan and closing at 268 yuan, a full doubling of the price in October. The same was true for Hong Kong Land, which closed at 10 yuan.

What made Hong Kong stock investors even crazier was that Wheelock announced in the newspapers that it had successfully acquired Federal Realty, a company owned by the family of Hong Kong Chinese businessman Zhang Yuliang.

Federal Real Estate owns two commercial buildings in Central: International Building and Federal Building. The valuation of these two commercial buildings will not be less than HK$50 billion!
With this news, the Hang Seng Index soared to 759 points!
New high!

(End of this chapter)