Reborn as a tycoon in Hong Kong
Chapter 483 Where the funds go (two-in-one)
On Monday morning, Lin Baicheng first went to Yum Securities Company.
Lin Baicheng called Anyuan into the office.
"Anyuan, I will ask someone to transfer 300 million Hong Kong dollars to the company. This fund will be earmarked exclusively for buying shares of Hong Kong Electric Group."
"Mr. Lin, is there a time limit for buying?"
Anyuan asked aloud after hearing this.
“Try to complete the deal within three months.”
After thinking about it, Lin Baicheng said: "Last Friday, Hong Kong Electric Group's share price fell 8.4% due to rumors that it was going to invest in the mainland. The closing price was HK$4.61, and the total market value was nearly HK$6.04 billion. However, in another two months at most If this happens for three days, the management of Hong Kong Electric Group will announce to the public that it will not invest in the mainland, and the stock price will inevitably rebound, so it is best to buy more in these days."
"Okay, once the funds arrive in the company's account, I will immediately arrange for traders to start buying HK Electric Group's shares."
Anyuan immediately agreed, and then asked: "Mr. Lin, do you have any instructions on the purchase cost of the remaining funds after two or three days?"
"It is best to open a position at a price of around HK$5. If the stock market is overall upward, it is acceptable to buy above the price of HK$5. The lower the cost price, the better."
After saying that, Lin Baicheng thought for a while and reminded: "I am more optimistic about Hong Kong's economy this year and next. I think the Hang Seng Index has been generally upward in the past two years, so the sooner you open a position, the better. Also, I will invest the company's funds." Although I didn’t say anything, I definitely want to buy more, and it’s up to you to decide what to buy.”
Anyuan immediately said: "We also internally believe that the Hang Seng Index will mainly rise this year, and all investments are long."
"That's good."
Lin Baicheng nodded when he heard this. Although going long is not 100% profitable. After all, if you are unlucky, you may encounter a company that goes bad in a bull market. However, the possibility of making money by going long in a bull market is definitely higher than that of making money by going short. high.
Lin Baicheng is only prepared to invest HKD 300 million to increase his holdings in Hong Kong Electric Group. This amount of money can increase his holdings to no less than 4%. Adding the 38.93% of the shares he currently holds, there is a total of 43%. Right or left, that’s enough.
The main reason is that Lin Baicheng has other companies that need funds. He can do or not increase his holdings in Hong Kong Electric Group. Anyway, only holding 38.93% of the shares does not affect his control of this company. He can spend 300 million Hong Kong dollars to increase the shares. Holding up is already pretty good.
Not long after Lin Baicheng stayed at Yum Securities, 300 million Hong Kong dollars were transferred to Yum Securities' company account. Lin Baicheng either did this large-amount transfer himself or asked his sister Lin Shufang to do it.
Compared to outsiders, Lin Baicheng naturally trusted his sister Lin Shufang more.
When Lin Baicheng left Yum Securities, the Hong Kong stock market had already opened for trading. Anyuan specially arranged a group of people to acquire shares of Hong Kong Electric Group, which was a long-term task.
Yum Securities did not immediately buy the shares of HK Electric Group. After discussion, Anyuan and others believed that the stock price of HK Electric Group would have a downward trend today. After the stock price dropped a few points, they would slowly buy again. Not too late. Reckless large-scale buying will only drive up the stock price, allowing investors who originally wanted to sell to hold the stock, thus raising the cost price. This is not what professionals should do.
Lin Baicheng, who left Yum Securities, went to Galaxy Bank.
Lin Baicheng also has an office here at Galaxy Bank. He called Xiang Ping, Yuan Tianfan and the two vice presidents to his office.
"What's the situation in the bank now? Are there any difficulties?"
Faced with Lin Baicheng's inquiry, the first person to answer was of course Taipan Xiangping: "Mr. Lin, Galaxy Bank currently has a total of twelve branches. In the near future, it will have at least one branch in every district in Xiangjiang. At present, the bank It has depositors’ funds of about HK$1.5 billion, with a total of nearly 410,000 depositors, and the average depositor’s capital is more than HK$3,600.”
"Currently, the company is operating smoothly and no serious incidents have occurred. If it is difficult, with the establishment of various outlets, the 50 million Hong Kong dollars you subsequently injected will be almost used, and subsequent expansion will require the use of depositors' funds."
"However, depositors' funds can only be used in small amounts. Once too much is used, if there is a problem in the capital chain, big trouble will happen."
Lin Baicheng nodded as he listened: "The bank can use a small amount of depositors' funds if necessary, but as you said, be cautious. The premise of using depositors' funds is that it will not cause problems in the bank's capital chain."
Immediately afterwards, Lin Baicheng said again: "I am here this time to tell you that I am ready to inject capital into Galaxy Bank again, and the bank will continue to expand. The bank must not only have branches in every district in Hong Kong, but also one branch in each district. It’s not enough. You can build a few more outlets. You can decide on the specific ones based on the distribution of depositors. I, a layman, won’t say more.”
"Mr. Lin, how much capital are you planning to inject into the bank this time?"
Yuan Tianfan expected that the more funds Lin Baicheng injected, the more funds the bank could invest on its own, and he, the manager of the investment department, would naturally benefit.
Xiang Ping and the other two vice presidents are also full of expectations. The more the bank has its own funds, the faster the bank will develop and the larger the scale will be. They will also benefit, and their remuneration and social status will be higher and higher.
"I am ready to inject 1 billion Hong Kong dollars."
Lin Baicheng said with his index finger raised.
"1000000000?!"
Xiang Ping, Yuan Tianfan and others couldn't help but exclaimed, they didn't expect it to be such a large amount.
"Yes, 1 billion Hong Kong dollars!"
Lin Baicheng nodded and said: "This 1 billion Hong Kong dollar fund will not only be used to expand branches, but also to establish international branches, such as Tokyo in Japan, New York and Los Angeles in the United States, London in the United Kingdom, Paris in France and other cities. These cities are the most It’s great to have a branch of Galaxy Bank.”
"Of course, expansion cannot be carried out blindly. Talents must keep up, otherwise it will bring heavy losses to the bank."
"Furthermore, branches can be established first in cities such as New York, Los Angeles, and Tokyo. I have some companies in these two countries. After the branches are established, my company's funds and employee salary payments can go through Galaxy Bank. The bank will not As for not having any business in the first place.”
"With 1 billion Hong Kong dollars in funds, even if we want to expand our outlets, we won't use that much at the beginning, so we can give the investment department a few hundred million Hong Kong dollars to invest. However, it is best not to use leverage when investing in the investment department, and focus on stability. , when banks have more funds in the future, they can be bolder in their investment mentality."
"Don't worry, Mr. Lin, our investment department will not let you down and cause the bank to suffer huge losses."
Yuan Tianfan said immediately, he was very excited when he thought about the investment of hundreds of millions of Hong Kong dollars led by him.
Xiang Ping followed up and said: "Mr. Lin, we will establish branches in the United States and Japan as soon as we have all the talents, and at the same time, we will establish more outlets in Xiangjiang so that depositors can withdraw money no matter where they go. Deposit operations.”
"I will see your performance in my eyes, and I hope you will not disappoint me. From my HK$1 billion capital injection into Galaxy Bank this time, you should be very clear about the importance I attach to Galaxy Bank and the future of the bank. I hope you will To be able to sit in this position forever and not be demoted or fired due to fault.”
Lin Baicheng looked at the four people in front of him and said, even if it is Yuan Tianfan, although Lin Baicheng thinks that Yuan Tianfan is very capable and values Yuan Tianfan very much, if Yuan Tianfan makes a big mistake, Lin Baicheng will also fire him and will not be lenient.
No one is irreplaceable, at least in Lin Baicheng's view, all the companies under his name can be replaced by anyone except himself, as long as he has the need.
"We will never let you down, Mr. Lin."
Xiang Ping, Yuan Tianfan and the two vice-presidents couldn't help but feel awe-struck when they heard this. They knew that this was Lin Baicheng's warning to them. They also knew the prospects of Galaxy Bank and of course they didn't want to be fired, so they all secretly warned themselves to do a good job in every situation. one thing.
"By the way, you remember to set up an insurance company."
Lin Baicheng suddenly remembered and said: "I will become a financial group with Galaxy Bank as the core. Yum Securities will become a subsidiary of the group, and the insurance company will be no exception. Now that the insurance company has not been established, it will simply be directly managed by Galaxy Bank. We will set up a subsidiary company and then go out independently. Well, I will let Liao Siren assist you."
"Okay, Mr. Lin, we will work with Assistant Liao to get this done."
Xiang Ping immediately agreed. He was very excited when he thought about the group that would be established with Galaxy Bank as its core. He would probably become one of the vice presidents of the group by then.
Yuan Tianfan and the other two vice presidents are also very excited. They will also benefit from the establishment of a financial group with Galaxy Bank as the core.
The establishment of a financial group must be centered on banks. There is no doubt that banks have an unshakable position in the financial industry.
The reason why Lin Baicheng injected so much HK$1 billion into Galaxy Bank was to enable Galaxy Bank to continue its rapid expansion and increase its scale. Today's Galaxy Bank is still far from meeting Lin Baicheng's requirements.
At Galaxy Bank, Lin Baicheng stayed until get off work in the morning, and then went home for dinner.
In the afternoon, Lin Baicheng went to Galaxy Semiconductor Company.
Galaxy Semiconductor's manager Noda Hiroshi was not in the company because Noda Hiroshi had already gone to Japan. Lin Baicheng asked the company's finances and learned that the company had once again borrowed HK$500 million from HSBC, with a three-year term and a 5% interest rate. Annual interest.
As a result, Galaxy Semiconductor will have 1 billion Hong Kong dollars in funds, and Lin Baicheng will inject another 500 million Hong Kong dollars, which means that there will be 1.5 billion Hong Kong dollars in funds to use. Such a large amount of funds is enough for Galaxy Semiconductor Company to use for a period of time, at least this year it will not be short of funds.
Galaxy Semiconductor, a subsidiary of Galaxy Semiconductor, also lacks funds. However, Galaxy Semiconductor controls 100% of Galaxy Semiconductor, so the funds of the two companies are common. It depends on how the manager Hiroshi Noda arranges it.
After this capital injection, Lin Baicheng no longer needs to inject capital into the semiconductor company this year. The company's development will also take time to digest, and blind expansion will not do any good. Next, his main focus is the company's research and development work, guiding the general direction of product research and development.
On today's day, Lin Baicheng spent HK$300 million to repurchase the shares of Hong Kong Electric Group, HK$1 billion into Galaxy Bank, and HK$500 million into Galaxy Semiconductor, spending a total of HK$1.8 billion.
Lin Baicheng sold 20% of his shares in Galaxy Games for US$494 million, leaving HK$1.995 billion after tax. This is because finance uses a variety of tax avoidance methods, otherwise the tax to be deducted will only be more.
However, it is precisely because of Lin Baicheng's identity that some tax avoidance methods cannot be used. Otherwise, if British-funded groups such as HSBC or Jardine Matheson make huge profits, they can avoid more taxes, and in the end they only need to pay a little tax. .
Lin Baicheng is a native of Hong Kong and is close to the mainland. Some tax avoidance methods cannot be used at all. Otherwise, if he is caught by the Hong Kong government, he will definitely not have a good end waiting for him. The Hong Kong government or Downing Street will definitely not mind legalizing him. swallowed up huge assets.
Therefore, Lin Baicheng can use tax avoidance methods, but some marginal or even more dangerous methods cannot. Everything is based on safety.
A total of 1.995 billion Hong Kong dollars in funds were used. After 1.8 billion Hong Kong dollars were used, only nearly 200 million Hong Kong dollars were left. Lin Baicheng wants to keep these funds for other companies to use. Fortunately, many of his companies are not short of funds, otherwise he would not dare to inject as much as 1 billion Hong Kong dollars into Galaxy Bank.
Of course, the fact that many of Lin Baicheng's companies are not short of funds means that they are not short of funds for use at the current scale. If the company wants to expand, it will require more funds.
Take Morningstar Pictures in the United States as an example. Lin Baicheng is also preparing to establish a media group in the United States. Of course, he knew that it was not easy to develop a media group. There would even be a ceiling limit after it developed to a certain level, but it was still possible to expand into a small media group first, and the scale of each company would not be that big.
Newspaper companies, TV stations, record companies, publishing companies, etc., these are all necessary for media groups. To establish these companies, a lot of funds are needed, especially the TV stations among them.
Without hundreds of millions of dollars, there is no way to establish several major companies in the media group.
Therefore, Lin Baicheng is actually still short of money, and he hopes that the more funds he can use, the better.
Lin Baicheng did not stay at Galaxy Semiconductor Company for long. After leaving, he went to Jupiter Toy Company. He promised to go to Shekou to build a factory. Jinxing Electric Company would build a factory for electric fans, but the sales channels for electric fans had not yet been opened. It would be best if the factory he built in the past could be sold immediately as soon as it was produced. The product.
After much consideration, Lin Baicheng thought of the claw machine product from Jupiter Toys Company. It just so happens that the sales volume of claw machines is increasing. Although the company's factory space is temporarily sufficient, part of the production capacity can be moved to Shekou, and then the company can develop other toy products for sale.
There are still many interesting toys in Lin Baicheng's memory, and they can be brought out to the company to see if they can be developed.
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