Hong Kong variety show: The tycoon who emerged from Portland Street
Chapter 261 Five Crabs
Venturing into real estate has always been an indispensable part of Chen Mo's business plan.
The reason I had been preventing Robinson from getting involved in real estate was because the timing wasn't right.
At that time, Chen Mo's foundation was unstable, and he had limited funds.
Moreover, after this stock market crash, the Hong Kong stock market bubble burst, and the overall consumption desire of Hong Kong Island residents will decline significantly in the future.
House prices will drop by at least 20%.
Getting involved in the real estate industry too early will inevitably lead to significant financial losses.
But it is different now.
Chen Mo currently holds tens of billions of yuan in cash. With the stock market crash over, now is the perfect time to enter the real estate market.
"Old Sun, take these few days to do some research and see if there are any suitable listed real estate companies. We'll just buy them at rock-bottom prices."
Many companies' stock prices are now below their net asset value, making it a good time to buy at the bottom.
Chen Mo now has money, so acquiring a mature listed company is much better than starting a new company from scratch.
"Really?" Robinson was skeptical, after all, Chen Mo had stopped him from entering the real estate industry several times.
"Really! When have I ever joked with you?" Chen Mo said earnestly.
Robinson shook his head again: "It's difficult. The stock price has fallen too sharply, and we don't know when it will end!"
Chen Mo smiled confidently: "You don't need to worry about that. According to my estimate, the stock market will stop falling tomorrow."
Moreover, given the Hong Kong Stock Exchange's inexplicable four-day trading suspension, there is unlikely to be any significant rebound in the short term.
Therefore, there's no need to rush this; we can take our time.
Although Robinson didn't know where Chen Mo's confidence came from, considering that Chen Mo had predicted the stock market crash before, he could only assume that Chen Mo had a deep understanding of the stock market and nodded in agreement with Chen Mo's idea.
"I'll trust you this once. I'll check the information on these listed real estate companies in the next few days."
Chen Mo added, "How about this, I'll find a lawyer to help you later. Make sure to choose companies that hold undeveloped land reserves and haven't defaulted on any major debts."
"Don't worry, I understand."
When it was confirmed that Chen Mo was going to enter the real estate industry, Robinson finally smiled a little.
However, while the group was talking, the situation in the trading hall outside became increasingly serious.
The Hang Seng Index has already fallen to 2500 points and is still declining.
The situation in Hong Kong stocks is now even more serious than that in US stocks last Monday.
Of course, while some people lose money, others make money.
Through the glass of the trading room, Chen Mo saw several people cheering and celebrating; they didn't seem to be ordinary people.
"Jimmy, have someone investigate who those people are."
Jimmy looked in the direction Chen Mo was pointing and was about to go out to look for someone when Robinson stopped him.
"No need to go. I know those guys; they're five crabs from the Five Crabs Group. The oldest one is called Ding Crab, and the four younger ones are his four sons. They're all scum!"
Robinson Crusoe's tone was somewhat indignant when he spoke of the five crabs.
Chen Mo understood immediately; it was indeed them.
"Old Sun, you sound unfriendly. Have they offended you?"
Robinson said angrily, "It's not really an offense. I had some dealings with that Ding Hai a few times back in Stanley. He's a bastard, a beast, and his whole family are beasts."
Two weeks ago, when their Five Crabs Group went public, I saw that some people were targeting their Five Crabs Group stock, so I helped them out.
I never expected to run into a stock market crash. These bastards abandoned their own company and tried to drag us down with them, causing me to lose a lot of money!
Oh, right, they also have a club, what's it called... Chung Ching Society, yes, that's Chung Ching Society!
To be honest, Chen Mo still admired the five fathers and sons.
The four brothers are a doctor, a lawyer, a businessman, and a triad leader; all are quite capable and talented.
Although Ding Hai, the father, is a fool with no skills and a peculiar way of thinking, he is incredibly lucky, almost like a chosen one.
They made a fortune this time by shorting the Hang Seng Index with all their money, thanks to Ding Hai's luck, and are now celebrating it!
A thought crossed Chen Mo's mind, and he asked, "Old Sun, do you know who's behind the attack on Five Crab Group's stock?"
Robinson said, "I don't know. I just judged from the stock trading data of Five Crabs Group that someone was targeting them, or two groups of people. I really don't know who it is."
Robinson Crusoe didn't know, but Chen Mo did.
If nothing unexpected happens, it's likely that Fong Chin-bo and Chan To-to are the ones targeting Five Crabs Group's stock.
Fang Zhanbo should still be in Taiwan Island, and he is making his moves by contacting people on Hong Kong Island via email.
However, Chan To-to is on Hong Kong Island, and should be inside the Stock Exchange right now.
At less than thirty years old, Chen Taotao has become the vice president of American Tongbao Bank. He is not only a financial expert, but also has extraordinary business management skills. He is a rare talent.
I wouldn't dare say he's more capable than Robinson Crusoe, but he's definitely much better than Jimmy Kimmel is now.
Chen Mo had the idea of recruiting Chen Taotao; such a talent could not be let go.
I checked the time; the Hong Kong Stock Exchange was about to close.
After giving some instructions to his men, Chen Mo left with them.
That night, Ann and Liu Piaopiao stayed at their apartment.
The five of them had a happy dinner.
That's right, there were five people. Besides Liu Lili, who was brought by Chen Mo, Qin Huilian also returned with Liu Piaopiao.
After dinner, Chen Mo sat on the sofa, with one of his arms around each of his arms.
"Piaopiao, Chin, how much has the movie grossed lately?"
"It seems to have reached over 27 million, but there are very few people going to the movies now, so it probably won't reach 30 million. It's out of the running for this year's box office champion."
Speaking of box office results, Liu Piaopiao was somewhat disappointed.
The film's box office, which was expected to easily surpass 30 million, has suddenly stalled, which is truly disappointing.
Chen Mo had anticipated this result. Fortunately, it was released at the end of September, which allowed for this box office performance.
If the film had been released at the normal pace, it would have already grossed out of the box office in just a few days.
"With the recent stock market crash in Hong Kong, I guess not many people are paying attention to movies anymore. It's normal that box office revenue isn't growing; it'll be fine in a while."
Anyway, we have our own film company. If we make another good movie, we can still be the box office champion next year!
"That's all we can do. I just don't know if the next movie will do this well at the box office!"
Chen Mo ruffled Li Piaopiao's hair and said, "Don't worry, the movie's box office will only get higher and higher in the future."
"By the way, have you ever had any conflicts with people at TVB?"
"TVB? No, right?" Liu Piaopiao frowned in thought.
In her memory, she had never offended anyone.
"You haven't offended them, so why would they expose you for no reason?"
Hearing Chen Mo say this, Liu Piaopiao thought about it carefully again and said, "I have dealt with them before, but I didn't offend them."
Someone from TVB once offered me a contract to star in five movies, but I declined. I don't think that offended anyone, do I?
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