Reborn since 1993

Chapter 430: Keep the clouds clear and see the moonlight

As they are all old hands, Liang Botao also heard the hidden meaning in Li Dongling's words. He agreed so readily because he also wanted to see what Li Dongling was up to.

As the second largest investment bank in Asia, Baring is not afraid of people playing big games, but is afraid that they dare not play!

As for Dongling Hi-Tech, Baring not only wants to list Dongling Hi-Tech and make it the first private company from the mainland to be listed on the Hong Kong Stock Exchange, but also hopes to open up the mainland private company market through Dongling Hi-Tech.

Currently, Baring has two major businesses. The first is to sponsor mainland state-owned enterprises to list on the Hong Kong Stock Exchange. Baring has previously acquired several securities companies including Guangsheng Bank, Tai Sheng International, and Jiayi Securities, and is qualified to operate mainland companies and list them on the Hong Kong Stock Exchange.

Last year alone, these inland state-owned enterprises were listed on the Hong Kong Stock Exchange, and Peregrine raised more than 7 billion Hong Kong dollars in funds. Of course, Peregrine also made a lot of money from the commission.

But those companies are all state-owned enterprises, which makes it very inconvenient to operate with them. In addition, there are various rules and regulations, so many things cannot be done.

In comparison, private enterprises have far fewer constraints and their number far exceeds that of state-owned enterprises. If Peregrine could operate inland private enterprises to go public, the scale of the company would probably increase significantly!

Another major business is the Asian currency bond business. Baring is now the king of Asian currency bonds, with trading funds exceeding HK$1283 billion, reaching HK$ billion.

But this thing looks impressive, but it is actually a volume-based business. Peregrine only helps to issue bonds, and the profit is not as much as that earned from listing a company. The actual profit from the bonds worth HK$1283 billion is less than HK$1.1 million.

Success and failure are both due to the same person. In the end, Peregrine was ruined by debt, foreign exchange and futures. Its bet on Malaysia failed and it was left with a huge debt by Soros.

When Peregrine collapsed, it also brought down the already volatile Hong Kong stock market, causing the Hong Kong stock index to plummet by 26% due to Peregrine, evaporating more than billion Hong Kong dollars.

After Peregrine went bankrupt in its previous life, it found several buyers, but none of them dared to take over. Finally, BNP Paribas found the right opportunity and took over at a very low price, but Peregrine quickly got back on its feet afterwards.

In the past, companies such as NetEase, Wahaha, and JD.com were all invested in by the reorganized Fortune. Especially JD.com, which was on the verge of death at the beginning and relied on Fortune to survive.

Liang Botao and Peregrine are definitely capable, whether now or in the future, there may be opportunities that Dongling Hi-Tech can use!

"Up!"

While Li Dongling was talking to Liang Botao, exclamations of Duan Yufeng and a group of executives of Founder Group were heard over there.

After the market opened, Founder's share price did rise from 1.98 Hong Kong dollars to over 2.04 Hong Kong dollars, reaching Hong Kong dollars. However, seeing the trend of Founder's share price, Liang Botao secretly shook his head.

Li Dongling glanced at Liang Botao's expression and immediately understood that Founder's stock performance was probably far from expectations.

"The increase is too small. Generally, the stock price rises most rapidly in the early stage of the opening, especially for new stocks. If there is a big increase, the increase is more than 30%. After the afternoon, there may be intraday adjustments. If it fails to reach that level, then..."

Liang Botao didn't finish his words, but Li Dongling could also guess that Dongling Hi-Tech might not be able to get its money back today for the 11% of Founder shares it holds.

As Liang Botao expected, before the end of the morning, when Li Dongling left the trading hall, Founder's stock price began to fall. At its highest, the stock price was only 2.1 yuan per share. In the end, it barely held the issue price, but it was hard to say whether it could hold on in the afternoon.

In the trading hall, shouting and cursing could be heard from time to time, which made Duan Yufeng and the others look embarrassed.

But now, red chip stocks are indeed not very popular in the Hong Kong Stock Exchange. Red chip stocks led by Lenovo and Solitaire have fallen so badly that investors in the Hong Kong Stock Exchange are afraid to touch Founder.

Duan Yufeng and his group left with serious faces, preparing to discuss countermeasures to raise the stock price. If the stock price fell below the issue price on the day of listing, it would be too embarrassing, and it would be difficult to issue an announcement through the media when they return.

Li Dongling didn't care too much about this. He was not in a hurry for Founder. When it went public today, the total market value of Founder was only 1 billion Hong Kong dollars. Even with all the fancy operations in the previous life, the market value of Founder had soared to 500 billion to 600 billion Hong Kong dollars.

Even if it is necessary to cash out, by that time, by cashing out slowly, like boiling a frog in warm water, you can cash out more than 10 billion Hong Kong dollars.

Li Dongling even hoped that Founder's stock price would drop a little more so that Dongling Hi-Tech could acquire more of Founder's shares!

……

"This is the main store of Wanjia Electrical Appliances Mall in Mong Kok. It is currently one of the largest chain electrical appliances and digital malls in Mong Kok and Hong Kong!" In the afternoon, Li Dongling and Ning Wenke came to Wanjia Electrical Appliances Mall in Mong Kok, Hong Kong. This is the main store of Wanjia Electrical Appliances Mall in Hong Kong.

As the most popular targets of media reporters, Li Dongling and Ning Wenke had just arrived here for a while when a group of little followers followed them, holding cameras and taking pictures frantically, among whom the paparazzi were the largest.

Li Dongling and Ning Wen didn't care about the paparazzi. He came here under the pretext of visiting the Wanjia Electrical Appliance City in Gangcheng.

In name, Ning's Trading Company is the general agent of Wanjia Electrical Appliance Mart in Hong Kong, Formosa Boulevard, Macau, as well as Southeast Asia's Siam, Singapore, Malaysia and other places.

Dongling Hi-Tech mainly produces electronic products, and Ning's company has been the agent of Dongling Hi-Tech in Hong Kong for many years. Is there anything wrong with Li Dongling coming here to visit? !
As for Wanjia Electrical Appliances City, it is still nominally an international electrical appliance chain mall, controlled by the Wanjia Foundation established in Singapore. Its shareholders come from foundations from all over the world, including Hong Kong, Singapore, the Cayman Islands, Morocco, Ireland, etc. It has nothing to do with Hanxi's Dongling Hi-Tech.

Dongling Hi-Tech will never admit that it has any relationship with Wanjia Electric Appliance City, even if Wanjia Electric Appliance City sometimes "favors" Dongling Hi-Tech's products. But as long as it does not admit it in person, no one can say that they have any relationship. This is to prevent Wanjia Electric Appliance City from being targeted and having its stores closed in America, Britain and other places.

Wanjia Electric Appliance City is being cultivated by Li Dongling as an overseas sales channel for Dongling Hi-Tech. It is of vital importance to the entire Dongling Hi-Tech, as it allows Dongling Hi-Tech to be independent from the control of others overseas!
"How does Wanjia Electrical Appliance City compare to Fortress and Broadway now?"

Li Dongling and Ning Wen walked into the five-story Wanjia Electrical Appliance City and asked Ning Wenke.

Ning Wenke waved her hand and asked the general manager and several supervisors of Wanjia Electrical Appliance City in Mong Kok who had rushed over to leave. It was not convenient to let these store managers and supervisors know what she had talked about with Li Dongling today. Otherwise, if it got out, it would inevitably cause a disturbance, and Li Dongling's arrangements in Wanjia Electrical Appliance City might be ruined.

“In terms of store size, it’s not as good as Fortress and Broadway!”

Ning Wenke said that Fortress and Broadway are the largest chain electrical appliance malls in Hong Kong and the biggest rivals of Wanjia Electrical Appliance Mall.

Broadway is the earliest electrical appliance mall in Hong Kong. In the past few years, it specialized in selling and renting cameras and photographic equipment. Broadway Electrical Appliances also started in Mong Kok. Ten years ago, it began to transform into digital products and electrical appliances.

As for Fortress, it is the most powerful electrical appliance mall in Hong Kong, with the most stores and the largest number of employees. It became a member of Watsons ten years ago.

In the past, Watsons, which was spread all over major shopping malls and subway entrances around the world and had more than 16,000 stores, also belonged to the Changjiang Li family. Watsons in China also signed the head of Kunmen as a spokesperson for more than a year. Why didn't he renew the contract? Because the chicken coop collapsed, but it also made the world see clearly what it means to be at the peak and attract hypocritical supporters, and to witness devout believers at dusk...

"Fortress and Broadway started many years earlier than Wanjia Electric City. Their supply channels and brand awareness are much more mature than Wanjia Electric City."

The two walked inside and saw that every counter and store in Wanjia Electrical Appliance City was crowded with people. This was not just the case in Wanjia Electrical Appliance City. All the famous stores in Hong Kong were like this.

People come here from inland areas, Formosa, Singapore, Malaysia and even Japan to shop for goods. Hong Kong is now known as a shopping paradise in the whole of Southeast Asia. Purchasing on behalf of others is not something that has only appeared in the past decade or so, but has been thriving for two or three decades.

"But Wanjia Electric City also has its own advantages. Wanjia Electric City has high-end European electrical appliances, as well as cost-effective domestic electrical appliances. This is an advantage that Fortress and Broadway do not have!"

Ning Wenke walked to a counter that sold inland Haier products, mainly domestic three-piece home appliances such as washing machines, refrigerators, and televisions.

"The review of Wanjia Electric City is very strict. As long as the quality of home appliances supplied from the mainland is up to standard, the price is competitive compared to those from Formosa, Japan, South Korea, Singapore, America, and old Europe!"

Ning Wenke said that now inland brands such as Haier, Changhong, Gree, Hisense, Midea, Chunlan, Konka and TCL are basically all focused on volume sales, and their influence in the mid-to-high-end market is far less than that of Japanese, Korean and old European brands.

Not only in Hong Kong, but even in China, there are still a large number of users who regard foreign brands as high-end products. It will take many years for domestic brands to develop before they can slowly change the impression of countless people.

As for going overseas, Wanjia Electrical Appliances City's stores in Hong Kong and Southeast Asia are willing to accept domestic brands of electrical appliances. Other overseas electrical appliance malls are actually not accepting domestic electrical appliances now.

Wanjia Electrical Appliances City is one of the few overseas retail channels for domestic electrical appliances. Wanjia Electrical Appliances City has stores in Hong Kong, Siam, Singapore, France and other places. Domestic electrical appliance brands are beginning to appear in these stores. Although they are still mainly mass-market products with a focus on cost-effectiveness, domestic brands of electrical appliances are gradually beginning to go overseas.

As for the domestic electrical appliance brands that appear in Wanjia Electrical Appliance City, in order to ensure product quality, the supply chain personnel of Wanjia Electrical Appliance City conduct very strict audits and have very high product quality requirements.

However, Wanjia Electrical Appliance City never defaults on its settlements and earns foreign exchange. For domestic electrical appliance brands, becoming a supplier of Wanjia Electrical Appliance City means successful overseas expansion and the ability to earn foreign exchange.

For Wanjia Electrical Appliance City, the profit from selling domestic brands of electrical appliances is not very high. Compared with the mid-to-high-end electrical appliances sold by Japanese Toshiba, Sony, American General Electric, old European Siemens, Gaggenau, Bosch, AEG, etc., the profit from selling domestic brands is much lower.

However, Wanjia Electrical Appliance City has remained patient and is now cultivating the domestic electrical appliance supply chain, because Wanjia Electrical Appliance City has the exclusive agency rights for many domestic electrical appliance brands in Hong Kong, Singapore, France and other regions!
(End of this chapter)