Hong Kong variety show: Building a century-old family, starting with Hung Hing

Chapter 335 Fighting against Dragon Pictures? Are you crazy!

Jiang Tiansheng continued to flip through the newspaper and saw the market capitalization ranking of the top ten listed real estate companies in Hong Kong.

Sino Land ranked ninth, followed closely by Hang Lung Properties.

Once this information spreads in the market, it will inevitably cause fluctuations in the stock market. This is especially true for Sino Land, even though it has not yet been officially listed.

However, there are already buyers offering 3 yuan per share to acquire its subscribed shares, which means that once it goes public, there is at least a 50% profit margin.

Jiang Tiansheng secretly calculated that this potential profit would have a significant impact on his business strategy.

Just then, Yang Mingkun walked into the office.

Yang Mingkun said, "Mr. Jiang, the renovation of those two shops has been completed."

When would you like to know when the next project will start?

Jiang Tiansheng looked up and said to Yang Mingkun, "Mingkun, you were very efficient this time. You did a great job."

However, don't overwork yourself; you still need to rest when you need to.

As he spoke, Jiang Tiansheng picked up a document from the table and handed it to Yang Mingkun, "This is the renovation plan for the office space on the 6th floor of the Lide Building in Wan Chai. Take it back and take a look."

Once construction begins, I promise you won't be shortchanged on commission.

Yang Mingkun took the document and said, "Thank you, Mr. Jiang. I will definitely complete it well."

After Yang Mingkun left, Jiang Tiansheng turned his attention back to stock market information.

He constantly pondered how to adjust his investment strategy to maximize profits in light of the impact of Sino Land's listing and Hang Lung Properties' related projects.

On March 5, a piece of news spread rapidly in business circles.

Hong Kong MTR Corporation announced that Hang Lung Properties has won the bid for the development rights of the property above Fortress Hill MTR station on Hong Kong Island.

Upon learning this news, Jiang Tiansheng understood that it would undoubtedly further drive up the stock price of Hang Lung Company.

At the same time, Liang Botao also came to Jiang Tiansheng's office to report on his work.

Liang Botao said, "Mr. Jiang, we have successfully acquired 29% of the shares of Paramount Restaurant Company, for a total cost of 756.9 million yuan."

Jiang Tiansheng nodded and said, "Good, well done. How's the next step of the plan going?"

Liang Botao replied, "I've already made arrangements. You will meet with Wu Wenbo, the second largest shareholder of Paramount..."

He intends to sell his shares.

Shortly afterward, Jiang Tiansheng and Wu Wenbai met at the agreed location.

After the two sat down, Wu Wenbo spoke first:

“Mr. Jiang, I hold 14% of the shares in Paramount, and I intend to sell them to you for 6 cents per share.”

Jiang Tiansheng thought for a moment and said, "Mr. Wu, 6 cents a share is a bit high."

In my opinion, 5 cents a share would be more appropriate.

Wu Wenbo said, "Mr. Jiang, this price is a bit low."

Jiang Tiansheng continued, "Mr. Wu, please don't worry."

If you can reach an agreement with other shareholders at a lower price, then the difference is yours. What do you think?

Wu Wenbo asked curiously, "Mr. Jiang, your suggestion is quite interesting."

But I'd like to ask, are you planning to acquire up to 49% of the shares?

Jiang Tiansheng said frankly, "That's right, Mr. Wu, I do have this plan."

Wu Wenbo said, "Mr. Jiang, I went back and discussed it with my team. I can help you contact other shareholders."

Moreover, I am confident that I can persuade them to sell their shares at a relatively high price.

However, you must agree to the conditions I mentioned earlier: the price difference is mine.

Jiang Tiansheng said, "Okay, Mr. Wu. As long as the acquisition goes smoothly, I will definitely keep my promise."

Through Wu Wenbo's efforts, he successfully contacted the other shareholders and, with his eloquence and skills, persuaded them to sell their shares at a price higher than market expectations.

Upon learning the news, Jiang Tiansheng expressed his approval of Wu Wenbai's abilities.

The two then signed a preliminary agreement, with Jiang Tiansheng promising to pay the remaining amount within a week.

However, raising this fund became Jiang Tiansheng's primary problem.

Jiang Tiansheng returned to Dehe Real Estate Company and convened a meeting with relevant personnel to discuss the matter.

He said, "The acquisition of shares in Paramount Restaurant Company is now at a critical stage, and we need to raise funds as soon as possible."

I'm planning to sell some of my Hang Lung Company shares, and also temporarily divert some funds from the company. What do you all think?

After discussion, everyone agreed that this was the feasible solution at present.

Afterwards, Jiang Tiansheng met with Zhang Taotao at HSBC.

Zhang Taotao said, "Mr. Jiang, Hang Lung's stock price has recently risen again, and the momentum is very strong."

Jiang Tiansheng responded: "I know, but now in order to raise funds to acquire Paramount, I have decided to sell."

"Help me sell 10 shares."

Zhang Taotao reminded him, "Mr. Jiang, the stock price is rising right now. Wouldn't it be a bit of a waste to sell at this time?"

Jiang Tiansheng said, "There's no other way, the need for funds is urgent. Getting cash back is the priority."

Under Zhang Taotao's guidance, Jiang Tiansheng successfully sold 10 shares of Henglong Company stock, raising 120.54 million yuan. However, this was still far from the required funds.

Jiang Tiansheng met with Liang Botao again to discuss the possibility of obtaining more funds for the acquisition.

Liang Botao said, "Mr. Jiang, Huoduoli Company can provide a loan of 850 million yuan, but there is a condition: you need to pledge all the shares of Paramount Restaurant Company that you hold."

Jiang Tiansheng didn't hesitate for long and said, "Okay, I can accept this condition."

Please help me prepare the relevant loan documents, and I will fill them out immediately.

While waiting for the loan to arrive, Jiang Tiansheng signed a formal share purchase agreement with Wu Wenbai and two other shareholders and paid the first installment.

Wu Wenbo said, "Mr. Jiang, it's been a pleasure doing business with you. I hope the next transaction will also go smoothly."

Jiang Tiansheng responded: "Thank you for your kind words, Mr. Wu."

A few days later, the loan from Huoduoli Company was successfully received.

Jiang Tiansheng immediately used the money to pay the remaining amount and completed the acquisition of shares in the Paramount Restaurant Company.

With the completion of the share acquisition, Jiang Tiansheng became the largest shareholder of Bailumen Restaurant Company.

Everyone gathered at the board meeting of the Paramount Restaurant Company.

Former Chairman of the Board Xu Haizhi was very dissatisfied with Jiang Tiansheng's acquisition.

He said, "Mr. Jiang, your sudden acquisition has had a significant impact on the company, disrupting many of our original plans."

Jiang Tiansheng calmly replied, "Mr. Xu, my acquisition of shares is also based on my belief in the company's potential."

I have my own business plan, which I believe will put the company on a better path for development.

Xu Haizhi wanted to argue further, but Jiang Tiansheng continued, "Mr. Xu, the company now has a new equity structure."

The board's arrangements will be adjusted accordingly. I hope everyone can work together.

At the meeting, Jiang Tiansheng was elected as the new chairman of the board. He stated his position at the meeting:

"Ladies and gentlemen, after I take over the company, I plan to sell some assets to raise funds and clear debts."

This is a crucial step in the company's current development. If any shareholder disagrees with my plan, they may choose to leave the board of directors.

I hope everyone can consider the company's long-term development.

One of the directors said, "Mr. Jiang, your plan is too risky. We think we should discuss it again."

Jiang Tiansheng remained resolute, replying, "Everyone, now that I've made this decision, I won't change it easily."

I will not succumb to pressure from those who join forces. I am confident I can save the company, and this plan will not be discussed with you.

Former Chairman Xu Haizhi then stepped forward and provocatively said, "Mr. Jiang, you've only just taken over the company and may not fully understand the situation. Is it feasible to act so rashly?"

Jiang Tiansheng looked at Xu Haizhi and said, "Mr. Xu, since I dared to do it, I am capable of bearing the consequences."

I have my own judgment, and I also have ways to make the company better.

Jiang Tiansheng's tough stance surprised the board members.

Although Xu Haizhi was full of dissatisfaction, he was helpless in the face of Jiang Tiansheng's determination.

After the meeting, Jiang Tiansheng knew that to ensure the company had no hidden problems, a detailed review of the accounts was necessary.

So he hired professionals to audit the Paramount's accounts.

After a thorough review by professionals, Jiang Tiansheng learned that the company had no other problems besides poor management.

However, the company's cash flow is very tight.

The Paramount Restaurant Company has a debt of up to 3700 million yuan. Most of its properties are pledged as collateral for loans, and the remaining funds in its accounts are only enough to untie loans for some small shops.

Jiang Tiansheng realized that the company's existing funds were simply insufficient to solve such a massive debt problem.

He began to think that he had to find another way out, and the stock market might be an opportunity.

Only by making money through the stock market can the company's assets be untied.

After some analysis, he decided to invest in China Bus Company's stock, which he considered the best investment option at the moment.

Jiang Tiansheng picked up the phone and called Xiao Yuanrang, the manager of Sun Hung Kai Securities.

After the call was connected, Jiang Tiansheng said, "Manager Xiao, this is Jiang Tiansheng."

I'm planning to invest in China Bus Company stock; could you help me with the arrangements?

"I will have the finance manager transfer 100 million yuan to the account of Sun Hung Kai Securities Company."

Xiao Yuanrang was somewhat surprised and asked, "Mr. Jiang, judging from the current situation, the stock of China Bus Company is not a particularly promising option. Are you sure you want to invest in it?"

Jiang Tiansheng said firmly, "I'm sure, we'll do it my way."

Subsequently, Jiang Tiansheng instructed the finance manager: "Transfer 100 million yuan into the account of Sun Hung Kai Securities Company to purchase shares of China Bus Company."

At Sun Hung Kai Securities, Jiang Tiansheng met with Xiao Yuanrang.

Xiao Yuanrang reminded him again: "Mr. Jiang, you are also aware of the situation regarding China Bus Company's stock. Do you really want to invest?"

Without hesitation, Jiang Tiansheng said, "Manager Xiao, I've made up my mind. I'll buy 5.6 shares."

During the transaction, Xiao Yuanrang suddenly said, "Mr. Jiang, I've noticed that several accounts are accumulating shares of China Bus Company on a small scale. This is a bit unusual and might indicate that an acquisition is about to take place."

Jiang Tiansheng felt a chill run down his spine, realizing that Bailibao Investment Company might have already begun to take action.

He said sternly to Xiao Yuanrang, "Manager Xiao, you'd better forget what you know."

Today's transactions just need to be completed according to procedure.

Although Xiao Yuanrang had doubts, he dared not ask any more questions and could only continue trading.

After signing the relevant documents, Jiang Tiansheng left Sun Hung Kai Securities Company.

After seeing Jiang Tiansheng leave, Bai Jinyan found Xiao Yuanrang and got straight to the point:

"Manager Xiao, I'd like to ask, what is the background of Jiang Tiansheng, the person you dealt with before?"