Reborn in America, I'm serious about making money.

Chapter 101 A Plan to Turn the Tide

The suspension of trading in Lihua Hotel Group's shares was a very correct response. If the shares had not been suspended when they were plummeting, others might have had an opportunity to profit from the situation.

The only remaining time is to wait for Lihua Hotel Group to resume trading. There's only a week left, and their share issuance should also have a result by now.

However, during this week, Yang Zheng found Uncle Li Si.

"Fourth Uncle, I have a friend who wants to buy property from you for investment purposes." After explaining his purpose, he waited to see his reaction.

Uncle Li said, "This was developed in collaboration with Li Ka-shing. I only have half the authority. If your friend buys a unit, I'll talk to the sales team."

"Fourth Uncle, I'm helping you get business, big business, twenty units."

So-so.

"What about one hundred units?"

"I'll discuss it with them."

Since there's a connection, of course we should use it; on the other hand, we heard that someone actually wants to buy 100 units, which, after the discount, would be HK$700 million, a huge sum of money.

Grandview Terrace, known as one of the three Grandview Terrace districts on the island, is a traditional luxury residential area. Even with discounts, a house here that is over 1,000 square feet costs HK$7 million.

One hundred units would cost seven hundred million. Anyone who can come up with that much money at once is no ordinary person. The company that the two Lis are working with can also recoup their investment quickly.

This news became a laughing stock in Hong Kong. In their view, people who buy houses for 7,000 per square foot when other places cost 2,000 or 3,000 per square foot must be rich.

However, Li Ka-shing once said, "When buying property, the three most important things are location! Location!! Location!!!" This can be said to be a model of saying the most important thing three times.

Since houses in any part of Hong Kong will start at over HK$10,000, houses in this traditionally affluent area of ​​Grandview Terrace will naturally skyrocket in price.

Kingswood Villas in Tin Shui Wai costs just over HK$2,000. Compared to that, The Grand Terrace isn't expensive at all.

Since 1991, Hong Kong's housing prices have been rising, and wages have also been rising. However, their average wages have always been only one-third of the price per unit.

This only shows that someone has an excessively high level of control over housing prices.

This 700 million is just rent from the rental income. In Zhang San's view, after two more years, he will start selling houses in remote areas; in early 1996, he will start selling these high-end residences.

Even if the Asian financial crisis hits and the houses aren't sold, it doesn't matter. Just rent them out and sell them when the next bubble appears. Anyway, he can make it a loss.

Hong Kong property prices began to heat up, and the news that a hundred units in "Jia Zhao Tai" were bought by a big spender became a specimen for real estate agents to prove that the Hong Kong property market was booming.

When asked, they'll say, "Those rich people definitely have better foresight than you; they've already jumped into the market. What are you waiting for?"

"Why are the rich rich? Because they have a forward-looking vision. If you had that vision, you would be rich too! Even if you don't have that vision, you can still follow in the footsteps of the rich."

"Buy with confidence! Rich people like you have long since missed their chance."

If Zhang San knew that his act of getting someone to buy a house would trigger such a chain reaction, he definitely... would have bought it too.

There's no other way; we can't just see money to be made and not take it.

Hong Kong's property market is currently booming, and all industries are thriving. The property market affects every aspect of Hong Kong's economy. Of course, in other parts of the world, when the property market is good, other things will also be good.

Under these circumstances, Lihua Hotel issued an announcement: With the consent of the board members and two-thirds of the shareholders, and in accordance with the relevant regulations of Xiangjiang Securities' private placement, it plans to issue shares at a price lower than the price on the last trading day, with the issuance price being HK$7 per share…

This announcement immediately shocked everyone. Holy crap, these people are really hateful, they're not even pretending anymore.

This is blatant robbery of minority shareholders! Minority shareholders immediately raised objections and filed a complaint against the major shareholder of Lihua Hotel that same day. This clearly shows a disregard for the lives and hard-earned money of minority shareholders...

"This is even more lucrative than robbery!" A comment in a newspaper accused the Lihua Hotel of becoming unscrupulous after changing owners.

The board of directors didn't care about such things at all; they let them do whatever they wanted, as everything was compliant and legal.

When management inquired, they gave a very straightforward answer: the price wasn't driven down by them, nor was it related to shareholders or the targets of the private placement. It was three former board members who wanted to sell their own shares and slander them, which caused the stock price to fall.

"We reserve the right to pursue those who spread rumors." Yang Zheng stated the board's position with a very serious expression during the interview.

Shortly after, on the day Lihua Hotel's stock resumed trading, the share price fell below eight dollars. It remained at 7.8 dollars, no matter how much selling pressure there was, it was stuck at 7.8 dollars.

Many people realized something was wrong; there was a huge amount of money supporting the market.

Some people wanted to come in and buy up a lot of chips, and then ride the wave of the market, but when they entered the market, they actually stopped selling.

Those who were selling may have realized that the other party had substantial funds, so they stopped selling; the closing price that day was set at HK$7.9.

"Damn it, you guys aren't even throwing your shares now that you've entered the game? Are you looking down on me?"

A middle-aged man looked at the table with some strangeness. He was very unhappy. It was like going to a brothel, where the courtesan was all ready, but then she turned away at the last minute. It was so embarrassing.

"Let me see what you guys are up to!"

Over there, the private placement went very smoothly, and the stock price remained very stable, fluctuating around 8. It's a miracle that it could maintain such a stable trend without any manipulation, which shows that there are many people who are optimistic about Lihua Hotel.

In this eerie atmosphere, the private placement was completed.

Lihua Hotel issued another announcement, stating that the company has completed a private placement and that the new directors are from New Era Holdings...

Yang Zheng was the only one who knew the whole story and had witnessed the entire process. However, he was still an employee of the company. Although he was the chairman of the board and the general manager of the group, he was just a slightly higher-level employee.

When the private placement was completed, he was completely ecstatic, inside and out, and only one word could describe him: Holy crap!

He then realized that these people, who could have been delisted, were now trying to maintain their listed status, which meant they must have much bigger ambitions.

As a Hong Konger, he knew they would definitely drive up the stock price and then sell their shares.

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