Hong Kong Comic Master
Chapter 261: Chaebol Candidate
Since the early 1980s, Hong Kong Island has been depreciating due to future problems and the stock market crash, which is known as the "Hong Kong dollar crisis".
When the time came to September 1983, the crisis had reached the most dangerous stage. After the "Black Saturday", the Hong Kong dollar fell to a historical low of 9.6 Hong Kong dollars to 1 US dollar.
In order to save Hong Kong Island's financial system, on October 15, the Hong Kong Island government announced the linked exchange rate system, and the Hong Kong dollar was linked to the US dollar again, with the exchange rate set at 7.8 Hong Kong dollars to 1 US dollar.
At this point, the Hong Kong dollar crisis was temporarily resolved.
[I hope readers will remember our domain name Taiwan Novel Network →𝔱𝔴𝔨𝔞𝔫.𝔠𝔬𝔪]
However, before this, Li Wannian's investment company had already made a lot of money by relying on the exchange rate difference.
And this is just a small amount of money that the investment company made from this stock market crash, and the real big money is still to come.
On the same day that the Hong Kong government announced the linked exchange rate system, a piece of news shocked the financial circle of Hong Kong.
DreamWorks acquired 75% of the shares of Sun Hung Kai Bank for 360 million yuan.
Sun Hung Kai Bank, later known as Fubon Bank, was formerly known as Sun Hung Kai Finance. It was founded by Feng Jingxi in Hong Kong in 1970 and listed on the Hong Kong Stock Exchange in 1979. It was upgraded to a licensed bank in March 1982.
Its holding company is Sun Hung Kai Company, also founded by Feng Jingxi.
The company introduced the French Bailida Group and American Merrill Lynch (each holding 20% of the company's shares) as strategic shareholders in 1978 and 1980 respectively to jointly develop a "transnational financial supermarket".
However, in the 1980s, with the collapse of the real estate market and the outbreak of the banking crisis, Sun Hung Kai Bank faced the problem of insufficient funds and a large loss of deposits.
Even in September this year, there was a run on the bank.
In such a critical situation, Feng Jingxi had to nod his head and agree to the premium acquisition offered by Li Wannian, and use the money to save his other industries.
At this point, the Li family finally completed the most important deal from the company to the group and had a bank of their own.
Just when everyone was shocked by the Li family's generosity, a middle-aged man came to the golf course, Li Wannian and Li Wanshan.
This man was not tall, had a regular appearance, and looked gentle and refined, but he had a taste of madness in his bones.
"Mr. Li San, nice to meet you, nice to meet you!"
Li Wanshui took the lead and shook hands with him.
"Mr. Li is too polite. We all have the surname Li and we are all friends. I am not worthy of the title of the third son. I am a few years older than you. It is not too much to call me brother, right?"
The man also shook hands with Li Wanshui politely.
This man is called Li Fu'an, the third son of the Li family in Hong Kong Island.
There are many wealthy people in Hong Kong with the surname Li, but the real wealthy family is Li Fu-yi's Li family. Compared with him, Li Chaoren and Li Gushen are nouveau riche.
Many people know that there are four new and old wealthy families in Hong Kong, among which the old four families are the Ho family, the Xu family, the Li family, and the Luo family.
Among the old four families, the other families have declined, but the Li family has flourished in Hong Kong, not only succeeding in the business world, but also in the political world, and has been passed down to the third generation.
There are three heirs in this third generation, namely Li Guanchun's three sons, Li Fu-shu, Li Fu-qiu and Li Fu-yi.
Li Fu-yi in front of him has been very smart since he was a child. He knew how to trade stocks at the age of six, and he was very good at it.
After graduating from the University of Hong Kong, he studied in the United States, obtained a master's degree in business administration from the University of Pennsylvania, and obtained an accountant qualification.
In 1969, he founded the Far East Exchange and served as its first chairman.
Later, he was elected as the chairman of the Hong Kong Stock Exchange and was called the "Godfather of the Stock Market".
"No problem, Brother Fu, this is my third brother, Li Wannian!"
"No need to introduce, Wannian is very familiar to me, a famous cartoonist, the pride of the Chinese!"
Li Fu had a sincere smile on his face and shook hands with Li Wannian.
Li Wannian was a little surprised that Li Fu was so polite. After shaking hands, he couldn't help but glance at Li Wanshui, and his eyes seemed to say: Don't you say this man is very smart? Why does he look so stupid? He is so happy to sell us shares as if he had eaten honey shit?
Li Wanshui gave him a look in return: Don't think too much, this man is willing to be slaughtered, of course he has his reasons, how could he be a fool?
This time, the reason why the two invited Li Fu to play golf was naturally because they were thinking about his shares in Chinese Estates.
Chinese Estates is a long-established real estate company in Hong Kong Island. It was founded in 1922 by the Li family, one of the four major families in Hong Kong Island, and the Feng family, another Hong Kong Island tycoon.
After sixty years of ups and downs, the real estate company is now in the hands of the three brothers Li Fuyi, each of whom holds a portion of the shares.
Logically speaking, these brothers are all very good, and their abilities are also top-notch in general large families. However, there is only one thing, that is, the third brother is not in harmony with his two elder brothers.
"By the way, Brother Fuyi, do you want to play a round?"
"Forget it, aren't we here today to sign the contract? Why play golf?"
Li Fuyi's words surprised Li Wannian and Li Wanshui. Why is the seller more anxious than the buyer?
The reason why Li Fuyi can say such things is naturally not because he is stupid, on the contrary, he is very smart!
At present, the internal struggle of Chinese Estates is very fierce, and the struggle between the Feng and Li families, who are both descendants of the founder, is very fierce.
As a result, in the internal struggle of the Li family, Li Fuqi was kicked out first.
In this case, Li Fuqi chose to introduce outsiders to intensify the struggle, obviously with other thoughts.
"Since you said so, brother Fuqi, I will naturally obey your order!"
Li Wanshui immediately stopped being polite and invited Li Fuqi to enter the box, where the documents and paper and pen were ready.
Half an hour later, both parties walked out of the box with a smile on their faces, and both of them had "I made money" written on their faces!
Needless to say, with the completion of Li Fuqi's share acquisition, plus the retail shares acquired by the two from the stock market, they have reached 18% of the shares, becoming the third largest shareholder of Chinese Estates after Feng and Li.
On the other hand, Li Fuyi thought: since he was out, he couldn't let his two brothers have an easy time. The two brothers in front of him looked like hungry wolves and would never be satisfied with this little share.
When Chinese Estates welcomed the two brothers Li Wannian, it was like a spark falling into a gunpowder barrel, and the explosion it caused was definitely a good show.
In this way, the two sides held hands again with their own ulterior motives.
Regardless of the other party's motives, with the help of Li Fuyi, the Li family's group not only had a bank, but also a real estate company, and this was just the beginning of their acquisition journey.
After that, they also purchased buildings, amusement parks and other assets. Such acquisitions continued for nearly a year, and the Li family's assets also expanded rapidly in this acquisition. A year later, the Li family's assets exceeded the 10 billion mark, becoming a candidate for Hong Kong Island chaebols in one fell swoop.
You'll Also Like
-
My last name is Stark after I changed my job to become a female musketeer?
Chapter 656 2 hours ago -
He was born with a supernatural power, and created a magic at the age of six, shocking Uncle Snake
Chapter 251 3 hours ago -
Creation of the World: Binding God Simulator at the Beginning
Chapter 556 3 hours ago -
Pokémon: The King of Extras
Chapter 332 3 hours ago -
Hong Kong Comic Master
Chapter 488 3 hours ago -
Tokyo, everyone is drawing comics, who still wants to fall in love?
Chapter 382 3 hours ago -
I have billions of invincible inheritances, sweeping across the heavens and the worlds
Chapter 495 3 hours ago -
I am an authentic immortal, but I am a villain
Chapter 1137 3 hours ago -
My Black Tech Shelter
Chapter 390 3 hours ago -
Lord Survival: My Shelter in Crocodile Territory
Chapter 486 3 hours ago