The rise of Hong Kong's wealthy families
Chapter 10 Slaughtering the Fat Pig
Being a boss usually controls the general direction. As for the details, it is the management's business. Although Yunzhimeng has just started, He Jiahao is not very involved in the management of the company.
Suddenly, He Jiahao felt that he had to start looking for various talents, and at the same time planned to improve Yunzhimeng's department and even acquire other companies.
Soon, he devoted himself to the research of information.
The economic crisis of 1973 had a great impact. Although it began to improve in 1975, the buying and selling market was not very active, and the trading volume hit record lows. Obviously, most investors have not regained their confidence.
However, last year, British consortiums who were familiar with the operation of the stock market went around to acquire some companies with great potential. For example, in early 1976, Jardine Matheson acquired Yinhua Shipping Company for 1 yuan per share, and then privatized Yinhua. At the end of the year, it planned to acquire four The British-owned Wheelock just failed; Chinese-owned companies followed closely behind. For example, New World Development, owned by the five Chinese-owned companies, acquired Kai Tak Real Estate Company, accounting for 47.43% of the shares. It was only a small amount of Chinese-owned companies, which seemed very cautious.
Just after the New Year this year, Dachang Real Estate announced the acquisition and privatization of Huali Enterprises; on April 4, Huanghe Industrial announced the purchase of 10,479,088 shares of Yonggao Company at a price of 12.45 yuan per share, because the company is located on Queen's Road. There is a piece of land at No. 1, where the headquarters of Huanghe Industrial will be located in the future.
He Jiahao watched with excitement. It would be great if he could join this bargain hunting, but unfortunately he could only watch now.
Although there are many acquisitions, the stock market has not risen or fallen much and is still as stable as an old dog. It is not a good time to make a move.
At half past ten, he tidied up, walked out of the office, and went to the coffee shop in Hysan Place.
"Hello, Mr. David!" He Jiahao extended his right hand to a fat ghost man.
This is David, an executive of the Australian clothing brand Jeanswest, who is here to discuss agency matters with He Jiahao.
"Hello!" David reached out and touched He Jiahao, then took it back, sat down, and said with a straight face, "Mr. He, you are really young. I can't believe you are the boss of a company."
He Jiahao didn't mind David's behavior just now, but he was a little unhappy, so he smiled politely and said, "In a place like Xiangjiang where there is so much gold, nothing is strange."
"Okay, let's get down to business. Regarding your request for the agency rights in Xiangjiang, the Australian headquarters has already responded. It's HK$3 million per year and 10% of the turnover." David looked at He Jiahao with disdain and said. .
He Jiahao was stunned for a moment, suspecting that he heard wrongly, "3 million, 10% of the turnover? You can't be mistaken, Mr. David."
"Not really." David curled his lips.
Slaughtered like a fat pig.
This is He Jiahao's first feeling.
"If my investigation is correct, Jeanswest was only established in 1972. The brand does not have much popularity in Hong Kong, and the agency conditions have exceeded those of some big brands. Can the agency conditions set by your company be changed? ?" He Jiahao still wanted to negotiate the price, time is money.
And he thinks other ghost guys should have similar attitudes.
"Mr. He, the price is no longer high. The Australian headquarters does not want to change the price set by the company." David spread his hands, his expression unchanged.
He Jiahao laughed. This ghost guy probably thought he was the one to be determined. It was really funny that a second-rate brand dared to charge such a high price without allowing counter-offering.
"Well, I hope your company can find an agent that accepts the conditions." He Jiahao took a sip of coffee and walked away.
Of course, he won't pay the bill.
Looking at He Jiahao who was about to leave, David the Ghost Man stopped what he was doing, but soon returned to normal. He felt that He Jiahao would definitely look back for him.
He Jiahao remembered that Jeanswest was acquired by a certain Xiangjiang company in his previous life. Now it seems that Jeanswest is really good at showing off.
He no longer wants to talk about cooperation with clothing companies. According to this situation, if he gives millions a year to others, he might as well just start a clothing company himself. Moreover, with the current economic downturn, he may still be able to get a bargain. .
After He Jiahao made up his mind, he immediately went to Standard Chartered Bank to take a look at the situation in the stock market.
In Xiangjiang, "there are more banks than rice shops" to describe the degree of development of the financial industry.
Throughout Xiangjiang, people are either speculating in stocks or real estate. There are not many people who work hard to make money, but it has stopped a little now.
HSBC is the uncrowned king of the Hong Kong region and has the reputation of a 'quasi central bank'. However, this was not Ho's choice because Shen Bi, then general manager of HSBC, admired the 'shipping king' Bao Yugang and the Chinese Li Jiacheng very much.
According to He Jiahao's plan, he plans to take advantage of these two people, and there will definitely be a conflict of interest with Li Jiacheng in the future, and Shen Bi will definitely help Li Jiacheng.
So he was going to HSBC's archrival, the British-owned Standard Chartered Bank.
As soon as I entered the bank, I was greeted by a woman in professional attire.
"Hello, sir. What business do you need to handle?"
"I want to open an account to trade stocks."
"How much do you plan to invest?"
"Half a million!"
"Okay, sir, please follow me."
Later, He Jiahao was led into a small reception room and given a cup of coffee.
After a while, a tall and thin middle-aged man pushed the door open and came in with a warm smile on his face. He introduced himself, "Hello, He Sheng! I am Qian Jun, the account manager of the Financial Department of Standard Chartered Bank."
"Hello." He Jiahao said lightly.
"Nice to meet you, He Sheng. We are honored that you choose Standard Chartered Bank."
It seems that Standard Chartered Bank is being forced very hard by HSBC.
He Jiahao thought so, but faced Qian Jun's polite words, he did not interrupt, and waited for Qian Jun to finish speaking before saying, "Sheng Qian, I want to see how the stock market is doing first, especially clothing companies."
"Okay, but He Sheng, please forgive me. Many clothing companies have gone bankrupt now. Investing in clothing may not be a wise direction." Qian Jun hesitated to give his opinion.
"Qian Sheng, I have my own plans." He Jiahao didn't need to explain anything to Qian Jun, and he didn't want a stranger to question his decision.
"Okay, then He Sheng, please come with me." At this moment, Qian Jun thought that He Jiahao must be the son of a wealthy family and came to play in the stock market.
After injecting 500,000 into the account, He Jiahao appeared in the small trading room, accompanied by Qian Jun.
He Jiahao looked at the stocks of more than two dozen clothing companies and asked, "Can I see the information of Luotu Clothing Company?"
"Okay, please wait a moment. I'll go to the data room to look for it." Qian Jun was a little confused, but he still complied with He Jiahao's request.
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