People in Hong Kong create super chaebols

Chapter 59 The expansion of newspapers

The media in Xiangjiang during this period was very lively.

There are too many hot news, one after another.

Hutchison Whampoa's acquisition case has slowly subsided, and the stock price has fallen back to around five yuan, sometimes even lower.

This is because Hutchison Whampoa was holding on to Huifeng Bank. Although the stock price was stable and did not rise, at least the company's development prospects were also optimistic.

Now, being acquired by a Chinese-owned enterprise was really exciting news at first. The protagonist of such a large-scale acquisition is still a Chinese-owned enterprise. As the majority of Xiangjiang citizens are Chinese, they naturally feel extremely proud.

But once the initial excitement passed, they soon gradually sobered up.

Can Tianyuan Investment Company compare with Huifeng Bank?
Naturally it cannot be compared.

If it weren't for Wharf and Hutchison Whampoa, no one would have heard of this company at all.

Therefore, apart from being good at buying stocks, Tianyuan Investment Company seems to have no other business record.

In other words, when Huifeng Bank controls Hutchison Whampoa, it can at least provide help to Hutchison Whampoa.

And what can Tianyuan Investment Company provide?
More and more investors think so.

This has led to Hutchison Whampoa's future becoming increasingly pessimistic.

As a result, the stock price will naturally slowly fall.

Moreover, Zhang Qizheng deliberately controlled the editors of relevant financial media and wrote articles in financial newspapers to badmouth Hutchison Whampoa's future.

As you can imagine, some investors took advantage of Hutchison Whampoa's stock price to sell quickly before the stock price plummeted.

In this regard, Tianyuan Company's trading team naturally began to control many offshore company accounts to absorb Hutchison Whampoa.

Since no one person is purchasing, people in the market just think that this is a normal sale and purchase.

Even if the stock price is only stable at around HK$5, it will be good for Tianyuan Company.

In this regard, Hutchison Whampoa's current chairman Wei Li wants to change this situation and has made many speeches to reporters and media to encourage investors to actively hold shares.

However, there is no use for eggs.

As a professional manager, even if you are in charge of Hutchison Whampoa now, and even if Hutchison Whampoa is developing towards a good momentum, who knows one day you will step down!

Contrary to Hutchison Whampoa, Wharf's stock price has always remained high, with the highest even exceeding 60 Hong Kong dollars per share, but its actual market value is not worth that much at all.

Because Jardine Matheson finally came to an end, and a war without gunpowder officially began.

Not long after Charter King announced its acquisition of 23% of the shares of Tianhe Company, Jardine Matheson also announced that it had acquired a total of 11.8% of the shares of three other shareholders.

Land, a subsidiary of Jardine Matheson, originally owned 10.4% of the stock. After this acquisition, Jardine controls 22.8% of Wharf's stock, which is not far from the charter king's 23%.

Therefore, their battlefield has also turned to the stock market.

At this time, Li Chaoren, who had no involvement in the Hutchison Whampoa acquisition, finally came to an end.

Li Chaoren had known the chartering king for many years, so it was naturally impossible for him to offend the chartering king and sell about 10% of his stock to Jardine, so he secretly contacted the chartering king.

These 10% of stocks are particularly important at this time. If the charter king acquires him, it will exceed 33% of the stocks and will take the lead again in this battle.

Since Hutchison Whampoa had no chance to win, Li Chaoren set his sights on another British-owned company, Wheelock Group.

If the Wheelock Group follows the original trend of history, it will eventually be taken over by the charter king for his own use.

However, it is difficult to say in this direction that has changed due to the emergence of Su City.

Zhang Qizheng looked at the increasingly chaotic Wharf and couldn't help but admire Su Cheng more and more.

Fortunately, I chose Hutchison Whampoa instead of Wharf. Otherwise, they would be the ones fighting Jardine Matheson now.For them, the cost is too high and simply not worth it.

Of course, owning the charter king of Global Shipping Group, no matter how high the cost, is worth it, because Wharf and Global Shipping Group can complement each other.

And another one, "Chivalry Literary Novel Newspaper" that not many big names paid attention to, was rising rapidly at this time.

After a 7-day free period, "Looking for Qin", a new martial arts work, has attracted great attention from fans of martial arts novels.

Sales are breaking records again and again.

In this era, "Oriental Daily" has become the best-selling newspaper in Hong Kong, with an average daily sales volume of 10 copies. At its peak, it could even sell 30 to [-] copies. It can be said that it beats other newspapers.

In this era of lack of entertainment, newspapers and television have become two important sources for everyone to obtain news.

Therefore, many people like to buy a newspaper and read it every day.

This is why competition among newspapers in Hong Kong is so fierce.

On the 7th day of the 8-day free period of "Chivalrous Literature Novel Newspaper", Chivalrous Literature Media Co., Ltd. did not dare to directly print 5 copies, but only printed [-] copies.

As a result, the results were surprising. Even the paid "Chivalry Literary Novel Newspaper" was sold out by crazy readers before noon.

On the 9th day, 8 copies were still sold out.

On the 10th day, 10 copies were printed directly, but they were still sold out.

On the 11th day, 12 copies were sold out.

……

It wasn't until about 20 copies of "Chivalry Literary Novel Newspaper" were printed that sales stabilized.

Even when Jin Daxia and Gu Daxia published their books, newspapers were never so scary. It would be good if they could sell tens of thousands of copies a day.

The real reason is the terrifying intensity of "Xun Qin Ji".

In this day and age, which author can write [-] words per day?No one at all!
Like Gu Daxia, he basically writes for a period of time, then submits the manuscript, and then writes for a period of time, and then submits the manuscript again. If the newspaper wants to maintain daily updates, it can only update sparingly, updating one or two thousand words at a time.

The amount of updates is gone before readers enjoy reading it, which is not satisfying at all.

This has led many readers to be willing to wait for the physical book to come out before reading it.

But "Xun Qin Ji" is different. It is updated with thousands of words every day. Which one can beat it?

Therefore, the sales of "Chivalry Literary Novel Newspaper" are rising steadily, and the highest sales volume can even reach 23 copies.

If sales can be stabilized over the long term, it will only be a matter of time before "Chivalry Literary Novel Newspaper" becomes recognized as the number one newspaper in Hong Kong.

As newspaper sales continue to rise, advertisers are also coming to visit one by one.

For this reason, after discussions between Chiayi Literature Media Co., Ltd. and the senior management of Su Group, they decided to only accept one advertisement per day for the time being, and this advertisement also required bidding.

The bidding is extremely fierce every day, and more than 10 Hong Kong dollars in advertising fees can often be collected in one day.

In just half a month, Chiayi Literature Media Co., Ltd. made more than 100 million Hong Kong dollars in advertising fees.

Looking at the increasingly stable sales of "Chivalry Literary Novel Newspaper", Chivalry Literature Media Co., Ltd. decided to start expanding.

The literary newspaper has begun to bear fruit. Next, the company will set up a number of new newspapers such as news newspapers, sports newspapers, horse racing newspapers, entertainment newspapers, etc., and magazines will also be re-launched.

With the income support of "Chivalry Literary Novel Newspaper", even if the group no longer provides financial assistance, Chivalry Literature Media Co., Ltd. can still build other newspapers.

The brand name "chivalry" will become more and more popular over time.

(End of this chapter)