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

Chapter 144 Rights Issue for Property Acquisition

Zhang San acquired Lihua Hotel for HK$21 per share, acquiring 34.7% of the shares, and then issued 25% of the shares to NT-MS through a private placement.

The market price at the time was HK$16 per share. Since it was a private placement, the price would definitely be lower than the market price. At that time, the private placement was conducted at a 10% discount, at HK$14.4 per share, raising HK$49 billion, equivalent to US$6.289 million.

This completely diluted the cost of the unit acquisition price, and the Yang family and other major shareholders didn't care at all; they took the benefits and left.

Although he currently only holds 26.025% of the shares, when combined with the shares held by him and NT-MS, together with his associates, the total shareholding reaches 51.025%.

The recent stock market correction has not affected the share price of Lihua Hotel, which has been hovering around HK$16. Moreover, the hotel industry is booming with the improvement of Hong Kong's economy and the increase in overseas tourists.

With the release of the movie "The Big Ship" coinciding with Hong Kong's peak tourist season, hotel stock prices are soaring.

By the end of July, the stock price of Lihua Hotel had just exceeded HK$21. Compared to others, this price represented a huge profit, but Zhang San barely broke even.

Zhang San now effectively holds 71% of the shares in Lihua Hotel, including shares held by the three major shareholders as well as shares previously acquired from the secondary market.

The stock price is now HK$21 per share, and it may rise further, but Hong Kong's real estate market will weaken next year.

At the end of July, Lihua Hotel announced a rights issue, offering 2.5 shares for every 10 shares held, at a 95% discount to Friday's closing price, raising a total of HK$10 billion. The funds will be used to purchase a building on the main island and three buildings in Yau Tsim Mong, bringing the total to HK$128.5 billion when combined with its own funds.

The acquisition of these properties will generate HK$8 million in rental income for the group annually…

Approval was granted quickly, which was quite normal; such property purchases were very common in the 1970s and 80s. For example, tycoons like Liu and Li Ka-shing… these tycoons all gained their wealth through substantial support from the stock market.

Moreover, this kind of rights issue to raise funds and then purchase property is also welcomed by Hong Kong investors.

Following the announcement released on Saturday, Lihua Hotel's stock rose on Monday, as all shareholders agreed to the rights issue.

This is also one of the larger rights issues in the Hong Kong stock market, and it was unexpected that it was completed so quickly.

Zhang San wasn't in a hurry to sell his stocks. He figured it wouldn't be too late to buy more when they rose to over forty in two years.

I might as well use my extra money to raise funds.

Everything went very smoothly. No one tried to stop it, and no one could stop it anyway. Moreover, no one would try to stop it. Listed companies wouldn't do that; they also have similar practices. If they tried to stop it, it would be like cutting off someone's livelihood, like killing their parents. Unlisted companies, on the other hand, don't have that ability, otherwise they wouldn't be unlisted.

Although Hong Kong is a small place, it is essential for them to stick together; otherwise, they would not have been able to grow and become stronger under the pressure of foreign capital, and even surpass foreign capital.

This kind of clique, over time, will hinder the progress of others; the scenario of the dragon-slaying hero becoming the dragon himself is very common here.

Zhang San's ability to carve out his own niche with money is truly admirable. This time, he more than doubled his investment, though he only recouped over 3 billion yuan and 7 billion yuan worth of stock.

Upon completing the transaction, Zhang San suddenly realized the allure of the stock market. He thought, "I'll do this again at the end of the year, haha..."

Since Chai Xiaofen became pregnant, her face has become chubby and her chin has become rounder; if someone saw her at this time, they would definitely say that she has become rich and powerful.

This is no joke. After Chai Xiaofen's parents divorced, she was awarded to her mother. Because her mother was addicted to gambling, she borrowed a lot of money and gambled it away. When she lost, she naturally had no money to pay back and could only hide from her creditors. So she and her mother lived a life of hiding and running. Although it can't be said that they were constantly on the run, they were not living a good life.

As a result, she frequently changed schools, which naturally made her very thin and caused her to suffer from malnutrition.

Things are different now. After years of living a life of luxury, her nutrition has improved, making her look younger.

Since Zhang San became rich, he naturally eats whatever good food he can get; he learned this from Boss Liu, who reportedly spends more than HK$10,000 on a single meal and more than HK$4 million a year.

However, it's understandable. He was constantly surrounded by women, so he naturally needed more nourishment. And since Hong Kong is by the sea, those highly nutritious seafood items were his favorites. And seafood items were, of course, a gout-inducing feast.

Zhang San is different from him. Although he also eats very expensive food, he doesn't want too much nourishment. Therefore, he eats more delicacies from the mountains than seafood. However, the cooking methods must be very high-end. You could say that when he eats a vegetarian dish, he makes it look like others can't afford it, and the side dishes are very expensive.

Upon closer reflection, he noticed something: a certain tycoon in Hong Kong, despite being incredibly wealthy, ate very simply, such as drinking sweet potato soup and mainly eating vegetarian dishes. Perhaps he should take this as a warning.

"Third Brother, I can't eat any more of this, or I'll turn into a little fat pig." Xiao Fen was pleading with Zhang San. It has to be said that women who know how to be charming have the best lives. Zhang San patted her slightly chubby hand affectionately.

"The nutrition in this food isn't just for you alone. You're eating alone, but the nutrition is flowing to both of you. Okay, eat more."

Chai Xiaofen felt that Zhang San's words made a lot of sense, and she didn't know how to refute them; Guan Meiren was even a little jealous when she saw this scene; while He Meitian was a little envious, thinking, when will Third Brother be willing to have a baby with her?

Unlike Chai Xiaofen's baby fat, He Meitian is getting sweeter and sweeter. She and Zhang San sometimes exercise together, exercising in the morning and on the boat at night, so they don't miss any opportunity.

Moreover, she has a good physique and doesn't get fat, which makes Guan Meiren and Chai Xiaofen truly envious.

She explained at the time, "I exercise every day, and my third brother told me not to give up gymnastics so that I can maintain my figure."

When Zhang San said this, it was unclear whether he felt guilty or not, but Chai Xiaofen and Guan Meiren had strange expressions and were thinking to themselves that Zhang San was a real pervert and a lewd guy.

Zhang San's goal was certainly not pure; he simply craved more positions. Someone once said that a successful person, a person with a strong will, and a powerful person will definitely do three things with great self-discipline: make money, learn, and exercise.

Zhang San considers himself a successful person with a strong will and great determination, so he naturally loves learning postures.

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like