Reborn in America, I'm serious about making money.
Chapter 182 Change of Ownership
Zhang San's covert support for private technological development, aiming to bring about a technological leap in mainland China, is naturally driven by his own motives, but this does not preclude his investments in other industries on the mainland.
At the time of the Asian financial crisis, unlike others who were hesitant to act, Zhang San dared to invest on a large scale. Especially this kind of investment, while the financial crisis had Asia on edge, Zhang San knew that the Asian financial crisis would be over in another year.
If you don't take advantage of this opportunity to invest, what are you waiting for?
With property prices falling in mainland China, buying land and building houses has become the best investment... Zhang San said that to support technological development, a lot of funds are naturally needed, and he must learn from Uncle Li Si to maximize the turnover of goods.
During the financial crisis, Lihua Group was severely impacted, and its market value dropped from a peak of nearly HK$300 billion to just over HK$40 billion.
As is well known, the real estate industry was severely impacted by the Asian financial crisis, with prices plummeting. Given the historically significant "stock-price sway" phenomenon in Hong Kong's stock market, stock prices predictably continued to fall sharply in this context.
It can be said that the stock price has fallen drastically. At this time, NT-MS and Zhang San jointly held 35% of the shares. Due to the sharp drop in stock price, they naturally could not meet the financing conditions.
The sharp drop in stock price not only severely impacted the company's financing process, but more importantly, it disrupted its original investment plans targeting the mainland market.
Faced with such a thorny (man-made) situation, after rounds of intense discussions and voting by the board of directors, a consensus was finally reached: to issue an additional 30% of the shares through a special private placement in order to attract strategic partners with strong capabilities to join.
This move aims to strengthen the company's capabilities and ensure the continued progress of its investment plans in the mainland region.
At the same time, Lihua Group released a major announcement, stating that its ownership has changed hands again.
The new controlling shareholder is an offshore company, XYZ Fund, which invested HK$14 billion to acquire a 30% stake.
Some people, who still have a lingering interest in Lihua Group, have been quietly acquiring its shares, but they were caught off guard by this private placement plan.
With the mainland property market declining, Lihua Group is naturally buying land and building buildings, which has become the best investment at present... Zhang San said that to support technological development, a lot of funds are needed, and we must learn from Uncle Li Si to make the most of the turnover of goods.
How can we develop technology if we don't make money from real estate? Moreover, since the mainland relies on land revenue, we naturally have to contribute to it.
Essentially, the Lihua Hotel has changed hands, completing the transition of shareholders.
Meanwhile, in the same city, a secret transaction is unfolding.
This transaction was handled with unusual discretion, almost like a clandestine operation conducted in the shadows. The root of it all can be traced back to the Golden Globe Group's disastrous performance in the Asian market.
For various reasons, the Asian business of the Golden Globe Group failed to thrive as expected and instead fell into difficulties, failing to bring satisfactory profits to the group headquarters.
Faced with this situation, after careful consideration, the senior management of Golden Globe Group made a major decision: to sell its Asian business to other companies or individuals capable of taking over.
Ultimately, after a series of complex negotiations and consultations, the Golden Globe Group successfully resold this "hot potato" for a staggering HK$3 billion.
Although this huge deal did not attract widespread public attention, it was undoubtedly a strategic adjustment for the Golden Globe Group, meaning they could focus their efforts on exploring more promising market areas.
Of course, all of this was just a performance by Zhang San for outsiders. If anyone knew the inside story of Golden Globe's Hong Kong branch, they would feel that this transaction was simply outrageous. For no other reason than that the purchase price of Golden Globe Bank's Hong Kong branch, Haito Bank, reached HK$4.3 billion at the time; and the acquisition price of Wing On Bank at that time reached HK$450 million.
Add to that its other businesses, and its market value is definitely in the tens of billions of Hong Kong dollars. Moreover, those bonds, stocks, and the sky-high gold stored at its headquarters... those don't belong to the bank, they belong to Zhang San.
If it hadn't been done secretly, a bunch of big shots would have been scrambling to get it, willing to pay double the price.
After the Asian branch of Globe Bank changed hands again, it was officially renamed Overseas Financial Group, Haito Bank was renamed Overseas Bank, and other insurance, fund, and securities companies were all renamed.
Both important acquisitions were carried out quietly, and by the time people discovered them, it was already a done deal. After the acquisitions, the offshore company ABC Trust became the new owner of the overseas financial group.
"That old fox, Diu Kui! Such a lucrative prize, and someone else snatched it up first, completing the integration without a word. There must be a mastermind behind this!"
While they were sighing, some others also sighed. They had originally wanted to take over the Lihua Group, but now that it had changed hands again, it was still hard for them to accept.
The Lihua Hotel, a hotel in Kowloon, has begun to be demolished and rebuilt. Due to height restrictions, no high-rise buildings were built at the time of the Kai Tak Airport. Now that the airport construction has been halted, it is natural that it can be demolished and rebuilt.
This financing round by Lihua Group also takes this into consideration; as for investing in mainland China, that is also a natural progression.
Increasing investment in mainland China now will give us more say. As for whether we will be envious in the future, we'll have to wait a few years until the real estate market recovers. By then, Lihua Group's real estate companies in mainland China will probably have all their buildings completed and ready to sell, just in time for the real estate market to rise.
Now, Lihua Supermarket probably has close to four thousand stores.
Lihua Supermarket is now preparing a new plan, which is to set up an online mall. The company has already completed its registration as Lihua E-commerce Company.
This is a company built entirely according to Zhang San's requirements. Centered on Lihua Supermarket's logistics supermarket, it radiates to surrounding supermarkets. All the properties of these supermarkets will become warehouse-type supermarkets, with online orders delivered in as little as half a day.
Of course, this is just a future plan; for now, we'll focus on the orderly transformation of these supermarkets. This is the advantage of having a foundation: starting with offline supermarkets and developing online e-commerce.
By then, Lihua Group will be able to become a company with a market value of one trillion Hong Kong dollars. Then, if they start live streaming and short videos, wouldn't they be invincible?
After the two companies completed the acquisition, overseas funds began to acquire shares of Lihua Group because... they were owned by the same person and would naturally be optimistic about the future of their respective companies, and would not allow too many shares of Lihua Group to remain outside the company.
With this back-and-forth questioning, Zhang San naturally made a fortune, didn't he?
You'll Also Like
-
Shirou's clones number 30 million
Chapter 590 6 hours ago -
Becoming a wet nurse is not the end of the story.
Chapter 211 6 hours ago -
The Strange Cat from Fuuto
Chapter 910 6 hours ago -
Dragon Ball, simultaneously traversing countless worlds
Chapter 289 6 hours ago -
So I'm a sheep.
Chapter 677 6 hours ago -
Lu Bu, the Thunder General, is my adoptive father in Genshin Impact.
Chapter 173 6 hours ago -
Devouring World Dragon.
Chapter 353 6 hours ago -
The Martial Soul Skeleton, in Douluo Continent's Bone-Changing Susanoo
Chapter 144 6 hours ago -
Reborn in America, I'm serious about making money.
Chapter 381 6 hours ago -
Douluo Continent: Martial Soul Thunder Dragon, A Century of Glory
Chapter 240 6 hours ago