PFC Chapter 337 Selling Stocks
Chapter 337 Selling Stocks
"Thanks to the reputation and resources we've built up, our business at Dehe Real Estate is doing fairly well."
Lin Luoqi sighed: "Tiansheng, did you already guess that industrial land prices have been falling recently, which is why you acquired Jide Real Estate Company?"
Jiang Tiansheng readily admitted: "That's right, I did have some speculation."
When we were researching the market, we found that the development trend of industrial land was not very optimistic, so we thought we had to find a solution.
Kidd Properties owns a number of industrial buildings, and I think that by acquiring them, I can gain an advantage in subsequent operations.
Lin Luoqi said with a smile, "I see. Then my elder brother Lin Luoxun is in trouble. He has invested a lot in industrial land. With the price dropping, Jide Real Estate Company will probably suffer a major loss."
Jiang Tiansheng cautioned, "Luo Qi, don't be too happy yet. Lin Luoxun has Haofeng Real Estate behind him, so he might get their help."
Lin Luoqi said nonchalantly, "Tiansheng, my mother has already started reviewing Haofeng Real Estate's accounts."
Lin Luoxun's ability to mobilize funds is now greatly limited, and getting help from Haofeng Real Estate won't be so easy.
The two then discussed the future development plans of Yiren Real Estate Company.
Jiang Tiansheng said, "Luoqi, if Yiren Real Estate Company wants to develop well, it needs to acquire high-quality properties and raise its stock price."
"Once Dehe Real Estate Company has enough funds, I will return the 800 million yuan I misappropriated to you, and then you will be able to acquire more properties."
Lin Luoqi perked up upon hearing this: "That's a good idea. By the way, Tiansheng, does the Paramount Company need financing?"
Jiang Tiansheng shook his head: "I plan to sell Paramount in the future. Raising funds now would not benefit either of us."
Lin Luoqi then said, "I suddenly realized that Yiren Real Estate Company is quite interested in acquiring Paramount Company. What do you think?"
Jiang Tiansheng thought for a moment and said, "Luoqi, Paramount mainly focuses on the catering business, which is not very compatible with the development direction of Yiren Real Estate Company, so it is not suitable for acquisition."
After hearing this, Lin Luoqi gave up on the idea: "Alright, since you put it that way, then forget it. By the way, my mother, Xu Jiamei, wants to introduce you to a girl, what do you think..."
Jiang Tiansheng quickly declined: "Luo Qi, thank you for your mother's kindness, but I already have a girlfriend, so I won't trouble her."
Afterwards, Chiang Tien-sheng turned his attention back to the stock market, focusing on the share prices of Sino Land and China Bus Company.
He planned to sell his shares after the stock price rose further.
He told his assistant, "Don't rush to repay the 850 million yuan pledged loan. Let's wait until the stock price goes up."
That afternoon, Jiang Tiansheng attended a press conference… He stood on the stage, calmly announcing:
“Today, I would like to announce that Carnival Properties has acquired four plots of land in Yuen Long and Tai Po from Paramount Restaurant Company for a total amount of HK$1308 million.”
The reporters in the audience raised their pens and notebooks. One reporter asked:
"Mr. Jiang, as the chairman of the board of directors of Paramount Corporation, what are your considerations for selling this land?"
Jiang Tiansheng replied briefly: "This is a strategic adjustment by the company, for better development."
Another reporter asked curiously, "Mr. Jiang, we are very interested in your background. Could you tell us about it?"
Jiang Tiansheng smiled and said, "I'm just one of those people who work hard in the business world, I won't say anything more."
The day after the press conference, major newspapers reported on Jiang Tiansheng's story.
The headline, prominently featuring "The Youngest Chairman of the Board in Hong Kong's History – Jiang Tiansheng," has garnered widespread public attention.
Through this press conference, Paramount's stock price was successfully boosted, and its market value reached 4350 million yuan.
The external debt ratio has dropped to 51.75%. Upon learning this news, Jiang Tiansheng was somewhat pleased with the current results, but the company's market value has not yet reached his ideal state.
He returned to the company, sat in his office, holding the day's newspaper, which was full of reports about him.
Although the report boosted the stock price of Paramount Restaurant Company, the negative reviews also made him feel uneasy.
He told his assistant, "These reports are both pleasing and worrying. The stock price has gone up, but there's also a lot of negative feedback."
We don't have the influence of the Huang Tingfang family to promote our work through multiple channels.
Now we can only rely on ourselves, make good use of existing resources, and increase the company's market value.
The assistant asked, "Mr. Jiang, what exactly should be done?"
After a moment's thought, Jiang Tiansheng said, "I plan to sell our tea restaurants to further reduce the company's debt ratio to 40%."
The current market capitalization looks high, but without real assets to support it, the stock price simply cannot be sustained.
At this moment, several employees from the development department walked into the office, looking uneasy. One of them said:
"Mr. Jiang, we heard the land has been sold, and we're worried we'll lose our jobs. What should we do?"
Jiang Tiansheng looked at them and said, "Don't worry, everyone, the company won't let you lose your jobs."
I have decided to transform the development department into an information integration department, which will be mainly responsible for collecting and integrating property information on the market.
This new department will be more demanding, but it's crucial for the company's development. Anyone unwilling to accept the new responsibilities can now voice their concerns and choose to resign.
The employees began to whisper among themselves after hearing this. After a while, someone said:
"Mr. Jiang, we're not very familiar with this new job. Could you give us some time to get used to it?"
Jiang Tiansheng nodded: "Okay, I'll give you time. Everyone work hard, and if the company does well, it will benefit everyone."
After the employees left, Jiang Tiansheng continued to think about specific plans to increase the company's market value.
At noon, Jiang Tiansheng went to a blind date arranged by Xu Jiawen. At the agreed restaurant, he met Li Bingjun.
The two greeted each other politely upon meeting and then sat down to talk.
Jiang Tiansheng said, "Miss Li, hello. Thank you for coming today."
Li Bingjun responded: "Hello, Mr. Jiang. Thank you for coming."
Their conversation was polite but cold, clearly indicating that neither of them was very interested.
At this moment, Xu Jiamei walked over and said with a smile:
"How was your chat? You two seem like a perfect match."
Jiang Tiansheng forced a smile: "Aunt Xu, I still have some things to take care of at the company, so I might have to leave early."
Xu Jiawen was a little disappointed: "Tiansheng, are you in such a hurry? Why don't you sit a little longer?"
Jiang Tiansheng insisted, "I'm really sorry, Aunt Xu, but company matters are quite urgent."
After saying that, he apologized to Li Bingjun and left in a hurry.
Watching Jiang Tiansheng's departing figure, Xu Jiamei said to Li Bingjun, "Bingjun, Tiansheng is very successful in his career, but he's too busy. What do you think of him?"
Li Bingjun said tactfully, "Aunt Xu, Mr. Jiang seems quite outstanding, but we might not be a good match."
Xu Jiawen was still unwilling to give up: "Bingjun, you come from a good family. If you are with Tiansheng, you will definitely be able to support each other in the future."
I have high hopes for you guys.
Li Bingjun just smiled and didn't say anything more.
On the other hand, Lin Luoqi felt extremely embarrassed when she learned that her mother had arranged a blind date for Jiang Tiansheng.
He found Xu Jiawen and said, "Mom, why did you suddenly arrange for Jiang Tiansheng to go on a blind date? Look at the two of them, there's absolutely no spark between them."
Xu Jiawen said, "Luo Qi, I'm doing this for your own good. The Li family has a good background. If Jiang Tiansheng and Li Bingjun get together, we can form an alliance with the Li family."
Lin Luoqi disagreed: "Mom, the help the Li family can offer is limited. I think Jiang Tiansheng's potential is the most important thing."
Xu Jiawen insisted, "The Li family's connections will definitely benefit us; you need to consider the long-term implications."
Lin Luoqi shook his head: "Mom, I still think your arrangement this time is not very appropriate. Jiang Tiansheng may not be willing either."
Xu Jiawen sighed: "I'm doing this for your own good, I want to find you a good helper."
Lin Luoqi said, "Mom, I know you mean well. But let's talk about this later. I'm going back to Yiren Real Estate Company now." After saying that, Lin Luoqi left.
Xu Jiawen sat there alone, pondering how to choose a suitable partner for her son.
Jiang Tiansheng returned to his office at Dehe Real Estate Company, where he stared intently at the stock market data on his computer screen, especially information related to Athlone's acquisition of China Bus Company (CMB).
Although Athlone has not officially announced the acquisition, the share price of China-Pakistan Petroleum Corporation has quietly risen to 31.2 yuan.
Jiang Tiansheng picked up the phone and called Zhang Taotao: "Zhang Taotao, do you have any new information?"
How is the stock market buying of Sinotrans shares progressing?
Zhang Taotao replied: "Mr. Jiang, there are still multiple accounts accumulating shares of China-Pakistan Petroleum Corporation." (367)
I checked, and six of those accounts were from Asian securities firms.
After hearing this, Jiang Tiansheng nodded: "Yes, I understand. This means that Athlone has not given up on the acquisition plan, which is reassuring."
After hanging up with Zhang Taotao, Jiang Tiansheng dialed Xiao Yuanrang's number:
"Xiao Yuanrang, please keep an eye out for any other unusual situations."
Although Athlone has not officially announced the acquisition, its stock price movement is certainly worth noting.
Xiao Yuanrang replied, "Okay, Mr. Jiang, I will inform you as soon as I have any news."
After dealing with matters related to the stock market, Jiang Tiansheng turned his attention to the stock price of Sino Land.
Its upward momentum has slowed significantly. Jiang Tiansheng thought to himself that this stock should still be able to rise above 8 yuan, but the subsequent increase would probably be limited. Perhaps he could consider selling it to raise funds.
He called his assistant and instructed him, "Keep a close eye on Sino Land's stock price. Once it rises to around HK$8, report to me immediately. We are preparing to sell some of our shares."
In the evening, Jiang Tiansheng went home for dinner at his parents' request.
The family sat around the dinner table, and the atmosphere was fairly harmonious.
Lin Ya suddenly spoke up: "Tiansheng, your father and I are a little worried about your recent acquisition of a listed company."
Is the source of the acquisition funds reliable? We don't want to be scammed.
Jiang Tiansheng put down his chopsticks and explained, "Mom, don't worry."
I'm not actually acquiring a listed company; I only hold a 1.4% stake. In reality, I'm managing the company for someone else, so there's virtually no risk involved.
Lin Ya and Luo Zegui were relieved to hear this.
Zhang Niangqi, who was standing to the side, was somewhat disappointed when she heard Jiang Tiansheng say that.