The rise of Hong Kong's wealthy families
Chapter 190 Petroleum Investment
mid-December
The local market is still hot. Even the prices of small commercial buildings in Central have soared significantly. Some buildings have even been resold 7 times in a year and appreciated by 1.5 times. This makes some rational real estate developers feel scared and worry that the local market will collapse.
Athlone Corporation announced its acquisition of Kowloon Bus Company and purchased the stock at NT$2 per share, which caused a huge reaction in the stock market. However, shareholders were not in a hurry to sell the shares and waited for the second price increase because they knew that the major shareholder of Kowloon Bus would definitely The counter-takeover also caused the scattered stocks on the stock market to be wiped out.
The share price of Kowloon Bus Company rose rapidly from 1.7 yuan to 1.9 yuan, and will soon break through the purchase price of 2 yuan.
At the same time, the Lei family announced a reverse takeover and repurchased the Kowloon Bus Company's shares for NT$2.3. Unfortunately, this price still failed to impress shareholders, and only a few registered to sell.
Soon the two sides started fighting over the small shareholders again. Athlone even raised the stock price to 3.5 yuan per share. The small shareholders were still waiting for the price, hoping to make a big profit.
He Jiahao didn't have much energy to pay attention to this matter. Besides, Wei Lisi and Luo Xu Rui were also in charge of this matter. He believed that Wei Lisi would not lose so easily.
At this time, He Jiahao was also having a simple meeting with the senior management of Huamei Real Estate to adjust the company's business direction.
"The local market has been too hot recently, and I'm worried about the possibility of collapse." Gao Ci said worriedly.
Chen Yong also echoed, "Those speculators have gone crazy. They are speculating on entire residential buildings and commercial buildings. They are not afraid of losing their money at all. Some citizens have already petitioned the Hong Kong government to regulate the city."
He Jiahao smiled slightly. The Hong Kong government still wanted to make a fortune. How could it renovate the city so quickly? However, he was still a little afraid. The industrial building market had been ruined by real estate developers and speculators. Now that they have come to develop other properties, no one can I can't say how long it will last.
"The local market will not collapse so quickly, but the properties in poor locations in the hands of Huamei Real Estate must be sold first. Don't worry, sell them at a good price. Do not sell the newly built industrial buildings built by sole proprietorships first, and cooperate with other companies The industrial building to be developed can be discussed first. If the other party is anxious to collect funds, we will also sell it together." He Jiahao said to Gao Ci.
Ho Ka-Hao then said to Chen Yong, "The current real estate development needs to be scaled back. From 13 sites to 9 sites at the same time, we will first focus on developing residential sites in Hong Kong Island and Yau Tsim Mong District, and four commercial sites in East Tsim Sha Tsui." Land development also continues.”
"Yes!" Chen Yong nodded.
"We need to slowly withdraw some funds and clear the company's debts so that if the local market collapses, we will not suffer such huge losses." Ho Ka-ho said, "How is the progress of the property acquisition on Yun Ping Road in Causeway Bay?"
In the previous life, the Lee Family built Jialan Center on Yun Ping Road, a 31-story high-end commercial building with a floor area of 620,000 square feet. It was worth more than 1 billion and was one of the core industries of the Lee Family.
As for the property at No. 1 Yun Ping Road owned by the Lee family, He Jiahao did not believe that the Lee family dared to be a "nail house" (nail house). Otherwise, the whole of Hong Kong would know what the Lee family had done, and the impact would be extremely bad, and even the Planning Department might not be able to look past it.
And in the future, if the Lee family wants to merge a building in Causeway Bay, others will justifiably become their "nailed building".
Therefore, He Jiahao is not worried that the Lee family will get stuck on the property at No. 1 Yun Ping Road. Even if the Lee family ignores the impact, the merger can still proceed.
"26 have been sold and the remaining 9 are still under discussion. The acquisition is expected to be completed in January next year. We have signed confidentiality agreements with the merchants and the information will not be leaked for the time being." Gao Ci reported.
He Jiahao nodded and said, "We still need to speed up to prevent long nights and dreams. Once Lijia finds any clues, we may fail the acquisition. If necessary, we can increase the premium to 100%."
"Yes, I will try to complete the acquisition before the end of December." Gao Ci said seriously. He could already feel the boss's dissatisfaction.
"Manager Tan also needs to be prepared to sell oil stocks in January next year. The best price is US$39 per barrel."
"Okay, I will pay close attention to the price of oil." Tan Zhenzhen nodded.
Huamei Real Estate Company invested 300 million Hong Kong dollars in oil, which is less than 100 million dollars when converted into US dollars. It does not need to be sold in batches and should be able to sell it all at a price of US$39.
"After the oil investment funds are withdrawn, continue to buy 20 blue chip stocks, focusing on Hang Lung and Jianing Group." He Jiahao ordered.
At the end of the meeting, He Jiahao left the International Building and came to Wanguo Baotong Bank.
In Wanguo Baotong Bank, He Jiahao has an oil investment of US$1.058 billion. This amount will naturally be sold in batches and is unlikely to be sold at the peak of US$39.
"Mr. He, come here in person. Do you have any big investment to hand over to us?" Gauss came up to us and said with a smile.
He Jiahao is currently one of the largest customers of Wanguo Baotong Bank. Naturally, Gao Ci will not hand over this performance to anyone. He is also afraid that He Jiahao will not be entertained satisfactorily and will not want to trade here.
"How did Mr. Gauss know that it was a big investment? Did Mr. Gauss arrange a spy around me?" He Jiahao said jokingly.
"Hahaha!! Mr. He is really humorous. If I had the ability to arrange spies around Mr. He, I would have resigned and enjoyed life long ago." Gauss said with a laugh, knowing that it was a joke.
Gauss had heard a lot about He Jiahao's investment in the stock market from his peers, and even the investment in Wanguo Baotong Bank was a terrifying figure. He also bought some, and now he has made a lot of money.
"Actually, I'm here to arrange the sale of the oil investment." He Jiahao said seriously.
Gauss also stopped smiling and asked, "Does Mr. He think the price of oil is about to reach its peak?"
He Jiahao nodded, "According to my prediction, it will reach its peak in January next year. Although I will make a lot of money by selling at the peak, I will not make the last penny."
He guessed that Gauss also bought oil stocks, otherwise he would not have asked so clearly.
"Okay, I'll handle the formalities for you right away. Lucy, take Mr. He to the VIP conference room to have a rest."
He Jiahao was led into the conference room by a beautiful white woman and waited for Gauss.
Not long after, Gauss came in with a stack of documents and asked He Jiahao to sign.
"After Mr. He's investment is sold, are there any other investments that need our services?" Gauss said with a somewhat flattering smile.
He Jiahao thought for a while and said, "The U.S. economy has begun to improve recently, and I plan to invest in the U.S. stock market."
"How much does Mr. He plan to invest?"
"One billion US dollars." He Jiahao said with a chuckle.
"Mr. He, you don't know something. A large number of U.S. manufacturing companies have gone bankrupt or moved to other countries, the unemployment rate has increased significantly, and the investment environment is still not ideal." Goss frowned and said, he did not want his largest customer to 'Waterloo' and reduce the number of customers. The volume of business in his hands.
"That's right, but a new technological revolution is coming. This should be a big opportunity, my Mr. Gauss." He Jiahao pursed his lips and smiled.
"So that's it. Mr. He is optimistic about technology stocks. It seems that Mr. He is going to make a fortune again." Gauss nodded.
The reason why He Jiahao said this is because the computer company's stock price did not start to rise sharply until 1982. Even if IWC Bank wanted to follow, it could not afford to wait.
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