Reborn as a tycoon in Hong Kong

Lin Baicheng has the 1978 annual reports of each company, and he has read them all, and has a clearer understanding of the development of each company in 1978.

At the same time, Lin Baicheng began to calculate his income in other areas in 1978.

When Hutchison Whampoa was first shorted by Li Jiacheng and Feng Jinxi in 1978, Lin Baicheng approached Iwasaki Horyū to cooperate, and the two made a fortune by going long Hutchison Whampoa. It was Iwasaki Mineryu who provided the capital at that time, but in the end the profits were shared equally between Lin Baicheng and Iwasaki Mineryu.

At that time, the two made a profit of HK$2.4795 billion, which was an after-tax profit. Lin Baicheng received HK$1.24 billion at that time.

In addition, Lin Baicheng himself also transferred HK$100 million from Galaxy Games to Yum Securities. He also bought the bottom and went long Hutchison Whampoa when it was low. The after-tax profit at that time was HK$510.3 million.

This 510.3 million Hong Kong dollars is the after-tax profit. The more than 50 million Hong Kong dollars in taxes to be paid are placed in Yum Securities and handed over to Anyuan and others for operation, and taxes will be reported and paid at the end of the year.

Adding both sides together, the first time Hutchison Whampoa was shorted, Lin Baicheng's profit was HK$1.7503 billion, which were after-tax profits.

Later, due to the adjustment of international gold prices, Lin Baicheng conducted a long gold futures operation on Goldman Sachs and made a profit of 422 million Hong Kong dollars.

Then Bao Yugang asked Lin Baicheng to help buy Wharf stocks. Although the plan later changed due to Jardine Matheson's increase in holdings, Lin Baicheng bought a lot of stocks at low prices at the beginning. Later, when Bao Yugang started to join in the acquisition of Wharf , sold when the stock price was high, and made an after-tax profit of HK$44 million, a small profit.

After that, Lin Baicheng’s profit from long gold futures was settled. The profit through the Goldman Sachs channel was 992 million US dollars after tax, the profit through the London channel was 72 million US dollars after tax, and the profit through the Tokyo channel was 73.6 million US dollars after tax. This total after-tax profit of US$1.1376 billion is the profit from Lin Baicheng’s own capital investment and has nothing to do with the company.

US$1.1376 billion, converted into Hong Kong dollars, is HK$4.77792 billion, which is not much different from HK$5 billion.

The last big profit was when Hutchison Whampoa was shorted. This time it was shorted by many British-owned families. Lin Baicheng used a principal of 100 million US dollars to buy Hutchison Whampoa's stock at the bottom through the channels of offshore companies. Due to time constraints, it did not exist in 1978. The cash profit was 59.1 million Hutchison Whampoa shares.

Of course, it is now January 20th. The Hutchison Whampoa stocks held by the offshore company are slowly being sold, and a lot of funds have been withdrawn. However, it really has to be calculated based on the time up to the last day of 1978. This time the gains were The only profit is stocks and no cash.

Throughout 1978, Lin Baicheng made a lot of profits, but he also invested a lot in expenses.

The first is Lam Baicheng’s ten companies in Hong Kong: Galaxy Games, Yum Securities, Asia Television, Jupiter Toys, Hutchison Whampoa, Star Pictures, Star Cinema, Galaxy Bank, Hong Kong Electric Group, Ying Ni Company, Galaxy Semiconductor, and Venus Electric Company. Among the two companies, except for Galaxy Games, Yum Securities, Asia Television and Jupiter Toys, they were all established in 1978.

Among these enterprises, Lin Baicheng spent a lot of money on acquisitions and capital injections. Hutchison Whampoa 1.202 billion Hong Kong dollars, Star Pictures 20 million Hong Kong dollars, Star Cinema 170 million Hong Kong dollars, Galaxy Bank 100 million Hong Kong dollars, Hong Kong Electric Group 1.75 billion Hong Kong dollars, Yingzhou Yingni 148.2 million Hong Kong dollars, Galaxy Semiconductor 1.1298 billion Hong Kong dollars, Venus Home Appliances 5460 Thousands of Hong Kong dollars.

In addition, four companies, Galaxy Games, Yum Securities, Asia Television and Jupiter Toys, Lin Baicheng, also invested. Yum Securities invested HK$50 million, Asia Television subsequently injected HK$100 million, and Jupiter Toys subsequently injected HK$43.8 million.

If all investments are added up, Lin Baicheng's investment in various enterprises in Hong Kong is HK$4.7684 billion.

These are companies in Hong Kong. Among the Bailong Commercial Co., Ltd., Zhiyin Comics Publishing Company and Baihuifeng Co., Ltd. in Japan, Zhiyin Comics Company was acquired in 1977 and invested HK$50 million in 1978. Bailong Commercial Co., Ltd. invested US$100 million, while Baihuifeng Co., Ltd. only invested HK$8 million.

Among three Japanese companies, Lin Baicheng invested HK$478 million in 1978.

Among the New Century Software Company, Starlight Company, Morning Star Pictures, Galaxy Semiconductor, Zhonghe Games Company, Golden Fleece Company and Marvel Comics in the United States, Marvel Comics was acquired in January 1979, so there is no need to calculate.

New Century Software Company was established in 1977. This company did not invest in 1978. Starlight invested US$50 million, Morningstar Pictures invested US$50 million, Galaxy Semiconductor invested US$10 million to rent office space and recruit personnel, Zhonghe Game Company invested US$4 million, and Golden Fleece Company invested US$800 million in principal.

The investment by companies in the United States was US$914 million, which would be HK$3.8388 billion in Hong Kong dollars.

The total investment in Hong Kong, Japan and the United States is HK$9.0852 billion, which is nearly HK$9.1 billion.

In 1978, Lin Baicheng's investment income was HK$6.9942 billion, but his investment expenditure was HK$9.0852 billion, a difference of HK$2.091 billion.

However, there are other things that have not been calculated here. Lin Baicheng's initial loan of HK$2.5 million and the loan of HK$30 million from Standard Chartered were also repaid in 1978. These are also considered expenses, so these should be added to the difference, for a total difference of HK$2.1235 billion.

Lin Baicheng borrowed US$100 million from Goldman Sachs in 1977. This US$100 million was also placed in Goldman Sachs's long gold futures account as principal, so there is no need to calculate the offset between the two.

The HKD 300 million borrowed from Standard Chartered to acquire Wharf was later used to acquire Hutchison Whampoa. However, Standard Chartered fell out with the British family because they sided with the British family when they shorted Hutchison Whampoa. The loan was returned to Standard Chartered. It was nothing more than paying some interest, so there was no need to calculate it.

Lin Baicheng also has two large loans, namely a US$250 million loan from Mitsubishi Bank and a HK$1 billion loan from HSBC. Except for the US$100 million placed in Mitsubishi Bank's long gold futures account, these loans can all be counted. The revenue is revenue, totaling HK$1.63 billion.

After all this calculation, Lin Baicheng was still short of HK$500 million, which was simply not enough money.

Fortunately, in 1977, Lin Baicheng still had more than HK$500 million in cash, which was enough to offset the difference.

In this way, it seems that Lin Baicheng should have no cash to use now, but Galaxy Games made a profit of 1.28 billion Hong Kong dollars in 1978, and its expenses were only about 750 million Hong Kong dollars, leaving more than 500 million Hong Kong dollars for Lin Baicheng to use. .

In addition, a large number of Hutchison Whampoa stocks held by offshore companies have been sold, which has withdrawn a lot of funds, not to mention running out of money. However, the income and expenses for 1978 are now being calculated, so this money is not included.

Of course, in terms of assets, Lin Baicheng also has a Boeing 747 private jet, three modified bulletproof extended Lincolns, a castle in London, 6 villas in Hong Kong and Japan, 10 villas in the United States, and a 200,000-acre farm.

These assets are consumption tax avoidance. Even Lin Baicheng's employment expenses such as bodyguards and maids are included in the tax avoidance. Hiring people to create jobs can naturally avoid taxes. This is a tax avoidance method used by professional accounting companies.

In general, in 1978, Lin Baicheng's assets and career took off tremendously, mainly due to financial profits. The more than one billion Hong Kong dollars in business operations simply could not support his exaggerated expansion.

For Lin Baicheng, 1978 is already in the past, and now it is 1979. What he has to do is to create a large amount of profits this year and lay a solid foundation for future investment in semiconductor and other industries.

Boom! Boom!

"Son, it's time to eat."

With a knock on the door, Lin's mother, Zhao Huilan, walked in.

"Mom, I'll be down right away."

Lin Baicheng put the annual report in the drawer and stood up to tidy it up.

Zhao Huilan did not leave. Instead, she closed the door and walked in, saying, "Son, what did you and your sister say before?"

Lin Baicheng said: "My sister and I said that if they really like each other, then I wish them well."

"Then how do you know whether Cheng Yufeng is sincere to your sister?" Zhao Huilan asked.

"Mom, I know what you're worried about."

Lin Baicheng walked over and said with a smile: "I have asked people to secretly investigate Cheng Yufeng's private life. If there are no problems in his private life and he does not have a girlfriend now, then we will bless them. Is he sincere? We can't tell it from the surface at all, as long as there is no problem with his character, what do you think?"

"That's what you said, so let's do as you say."

After hearing this, Zhao Huilan thought for a moment and nodded lightly.

Lin Baicheng warned: "Mom, I have people investigating Cheng Yufeng's matter. You can just mention it to your father, but don't tell anyone else. No matter if it is the elder sister or the younger sister, you must keep it a secret."

"Don't worry, we know."

Zhao Huilan nodded to express her understanding. After all, it didn't sound good to talk about such a thing like a secret investigation, and she definitely couldn't let other people know about it.

Lin Baicheng said: "I will tell my parents when the investigation results come out. In terms of time, it may be a few days faster, and a month or two or three months later will be about the same."

"Okay, then your dad and I will wait until you investigate and tell us." Zhao Huilan said.

The two of them stopped talking about this topic and went out of the study to eat downstairs in the villa.

Shortly after dinner, Lin Baicheng contacted Zhong Chuhong and asked her to go shopping together in the evening.

The Spring Festival is approaching at the end of the year, and Lin Baicheng has many people who want to visit before the New Year, and many people want to visit him. It can be said that he will be quite busy in the next few days.

No matter how busy he was, Lin Baicheng still found time to drink coffee with Chief Henry of the police department at noon the next day.

This time Lin Baicheng brought Qin Lan over. He wanted to recruit a few Flying Tigers or other elite police officers as bodyguards. Henry, the division chief, was the most suitable person to help him. He could get information about the relevant elites from Henry, and then screen them. The selected target is invited.

This invitation is not 100% successful. Although the salary of the Flying Tigers and the police is not high, and even the Flying Tigers are a bit dangerous, some people just like to be the Flying Tigers and the police, no matter how high the salary is. Become a rich man's bodyguard.

Of course, there will definitely be fewer such people. After all, Hong Kong under British jurisdiction is no different from capitalist countries. They all look at 'money', with capital as the master, and most people work to earn more. Just a lot of money.

"No problem, just give me a day or two and I will send you information on people who meet Lin Sheng's conditions."

After learning that Lin Baicheng asked him for help, Henry agreed without thinking. It was not difficult at all. As for the fact that police information is confidential, it depends on who it is. For ordinary people, it is certainly confidential, but not for rich people like Lin Baicheng.

"Henry, thank you very much. I will never forget this favor."

Lin Baicheng was not surprised. Henry's refusal to help him made him surprised and puzzled.

"I can make a lot of money this time if I can make Lin Sheng remember the favor."

Henry couldn't help but grin when he heard this. Lin Baicheng is now the richest man in Hong Kong, with assets of more than 10 billion Hong Kong dollars. He is a big capitalist, and it is definitely not a loss to get a favor from him.

"Lin Sheng, can you allow me to ask you a question?"

"Of course, you asked."

Lin Baicheng nodded.

Henry asked: "You said that the international gold price can break through 300 US dollars per ounce, can it really rise that much?"

"Henry, I won't tell you too much about the basis of my judgment. Anyway, I firmly believe in this. At least I haven't lost money on my investments so far. You can still trust me before I lose money."

Although too many people asked him this question, and Lin Baicheng almost became impatient, he still explained patiently.

"Lin Sheng, what you said is true."

Henry couldn't help but nodded after hearing this, feeling that it made sense, and immediately said: "Lin Sheng, I want to invest some more money in your fund. Is it okay?"

"It stands to reason that my fund has been closed and will no longer accept funds, but Henry, you helped me with this favor, and I have no reason to refuse you. By the way, how much are you going to invest this time?"

Lin Baicheng pondered for a moment and agreed.

"I'm not as rich as Lin Sheng, I only have 2 million Hong Kong dollars."

The reason why Henry did not choose to invest in gold futures by himself was because he did not dare to use ten times leverage in his own operations, and he had no idea at what price to buy and sell. In the market, it is better to leave the money to Lin Baicheng to take care of it. Although Lin Baicheng will take up to 50% of the share, it is more secure this way.

"Including the previous 2 million Hong Kong dollars, Henry, you have invested a total of 4 million Hong Kong dollars. If Henry, you believe me, in two or three years, your 4 million Hong Kong dollars will definitely turn into tens of millions of Hong Kong dollars."

Lin Baicheng said with a smile that although he was helping Henry and other ghost guys make money, developing in Xiangjiang and being friends with these people would only benefit him and not hurt him.

"It would be great if it could turn into tens of millions of Hong Kong dollars."

After hearing this, Henry couldn't help but be full of expectations. You must know that his total net worth is not as much as tens of millions of Hong Kong dollars. The black money he earned after so many years of hard work is only about six million Hong Kong dollars. In just two or three years, he can earn With all the black money he has earned over the years, it would be too easy.

After Lin Baicheng and Henry chatted for a while in the coffee shop, they left separately.