Legend of Xiangjiang Tycoon Chapter 416

On September 11, the Hang Seng Index fell below 700 points, and the Hong Kong stock market was wailing.

Under such circumstances, Li Zhiwen walked into Kylin Securities Company.

Sitting in the president's office, Li Zhiwen said to Liang Botao: "Botao, the action begins."

When Liang Botao heard Li Zhiwen's words, he shouted excitedly: "Yes, boss!"

After the collapse of the Hong Kong stock market during this period, the stock price of Lai Sun Group reached three Hong Kong dollars per share, which was 7.5 Hong Kong dollars lower than the stock price in early August.

And the share price of Hutchison Whampoa came to 3.8 Hong Kong dollars per share, which was 8.3 Hong Kong dollars lower than the stock price in early August.

At this time, Li Zhiwen's shares in Lai Sun Group have also risen to 28%, while Lin's family holds 35% of Lai Sun Group's shares.

In fact, it is not that Li Zhiwen cannot absorb the shares of Lai Sun Group. At this time, the stock price of Lai Sun Group is too low, and there are a large number of Lai Sun Group stock orders on the stock exchange every day.

It's just that Li Zhiwen only allows Liang Botao to absorb a small amount of shares every day because of cautious reasons to prevent the Lin family from discovering it.

The Lin family prepared a billion Hong Kong dollars of working capital to make a big purchase in Hong Kong.

Among them is joint construction real estate. Before the stock market collapse, joint construction real estate was a large real estate company with a market value of 1.2 billion Hong Kong dollars.

However, the stock market collapsed and investors lost confidence. The market value of the joint construction real estate instantly shrank by two-thirds, with a market value of only 400 million Hong Kong dollars.

And Lin Baixin has long coveted the joint construction real estate, and he is because of the more than 60,000-foot industrial building under the joint construction real estate.

The collapse of the stock market just gave Lin Baixin an opportunity. Lin Baixin first acquired 35% of the shares from stockholders' mobile phones at a very low price. This time, he spent a total of 150 million Hong Kong dollars.

In this way, Lai Sun Group became the major shareholder of Joint Construction Real Estate, and the second largest shareholder was Zhu Dehong, who owns 30% of the shares.

Zhu Dehong's Zhu family is also a small and famous family in Hong Kong. Originally, the Zhu family was mainly engaged in spinning.

Afterwards, the textile industry in Hong Kong was in a recession. After Zhu Dehong took power in 1973, he was concerned that the Chinese five tigers would start from real estate, and he also anticipated the prosperity of Hong Kong's real estate.

So the strong man broke his wrist, sold the family textile company, and plunged into the real estate industry with all the funds raised.

It also coincides with Zhu Dehong's development. In 1973, when Zhu Dehong was engaged in real estate, Hong Kong suffered an economic crisis and the Hong Kong stock market was in a downturn.

Zhu Dehong looked at the opportunity and got a piece of land in the Kowloon area at a low price. When Hong Kong real estate recovered in 1975, Zhu Dehong made a full 50 million Hong Kong dollars on this land.

After that, Zhu Dehong's career became popular, and he was called another big real estate tycoon after the five Chinese-owned tigers.

After that, Zhu Dehong relied on various operations, went public, purchased land, and built a large real estate company with a market value of 1.2 billion Hong Kong dollars.

In 1982, on the eve of the Sino-British negotiations, everyone could not see the way forward and dared not invest heavily in Hong Kong. The land at real estate auctions was often bought at low prices.

Zhu Dehong is also bold. Others dare not invest. He dared to do so. During the first half of 1982, Co-built Real Estate won five plots of land at real estate auctions, two of which were even located in the Kowloon City District.

At this time, Zhu Dehong was no longer satisfied with industrial buildings. Zhu Dehong decided to engage in residential buildings, so he bought the land in the Kowloon City District and wanted to make a splash.

However, the joint construction of real estate ran out of liquid funds due to the acquisition of the land, which was fine in normal years. After all, the land is in hand, and the bank borrows a certain amount of funds to engage in pre-sales and other things. This liquidity will not be available again.

Zhu Dehong is full of confidence in Hong Kong, especially at the reception that welcomed Ms. Margaret, Zhu Dehong has strengthened his confidence after hearing Ms. Margaret's bold words.

Who knew that Margaret fell in the capital, which directly caught Zhu Dehong by surprise.

But even in that case, Zhu Dehong did not lose his confidence. Zhu Dehong also understood that the market value is just the market value and has nothing to do with actual assets.

Zhu Dehong has also been looking forward to what documents the Governor's Office can publish to explain the incident.

But the documents did not arrive, but the debt collectors of the lending bank were waiting.

In fact, Zhu Dehong is right in thinking that the market value cannot be equal to the actual value.

But banks and borrowers don't think so. Your mortgaged shares have shrunk, so everyone's first idea is to get back the borrowed money.

If Zhu Dehong, like Li Zhiwen, had a large amount of working capital, these would not be a big deal.

As long as the company can not go bankrupt, when the stock market collapse is over, the local stock market will rebound, and the market value of joint real estate will more than double.

It can be all ifs, but ifs are just ifs.

In addition, because the company's market value has shrunk, some employees who can't see the form have also urged Zhu Dehong to pay wages, etc. This matter can make Zhu Dehong worry bad.

Under such internal and external forces, the Lai Sun Group took advantage of the emptiness and took a 35% stake in Joint Construction Real Estate in one fell swoop, and became the largest shareholder of Joint Construction Real Estate.

Later, Lai Sun Group held the joint-build real estate shareholder meeting in the name of the largest shareholder ~ www.mtlnovel.com ~ Lin Jianyue attended as a representative.

In fact, in ordinary times, Lai Sun Group won 35% of the shares and dare not show up at all.

After all, the joint construction real estate was formed by Zhu Dehong. Even if the Lai Sun Group took up 35% of the equity and became the largest shareholder, Zhu Dehong could easily obtain the support of other small and medium shareholders of the joint construction real estate, and defeat Lin Baixin easily and happily.

But this time is not an ordinary time. In fact, Co-built Real Estate originally opposed Zhu Dehong's large-scale acquisition of the land. As a result, such a big thing happened at this time.

Although the collapse of the stock market is not due to Zhu Dehong, small and medium shareholders can ignore these at this time.

Therefore, at the general meeting of shareholders, Lin Jianyue easily won the support of small and medium shareholders. He explained that he had money.

Later, Zhu Dehong's chairmanship of the board of directors was removed, and Lin Jianyue was elected chairman of the board of directors.

After Lin Jianyue was elected as chairman of the board of directors, he did not accept the company at the first time, but put forward an idea to buy shares from other shareholders.

In normal times, when Lin Jianyue raised this topic, he would definitely be beaten.

But this time is different. Shareholders are eager to exchange their waste paper for money. After all, no one knows how long this bad luck will last.

Of course, there were some who were unwilling, but after Lin Jianyue acquired a large number of shares and became an absolute majority shareholder, all resistance was meaningless.

In this way, the Lai Sun Group spent 500 million Hong Kong dollars to obtain 100% of the equity of the joint construction real estate, and Zhu Dehong was also swept out.

The joint construction real estate was delisted from the market, the company was dissolved, and the assets were transferred to the Lai Sun Group.

Chapter end

Report