Reborn in America, I'm serious about making money.
Chapter 208 Good News Turns into Bad News
What's the hottest thing in the world right now?
Of course, North America is the hottest internet hub in the world, the most dazzling star, without a doubt, and it can be said that it attracts a lot of attention.
Which one in Hong Kong is the most talked about?
Of course, it's the news about Lihua Supermarket's IPO, because Lihua Supermarket's IPO has allowed it to ride this fast track.
There are practically no internet companies listed in Hong Kong, except for one browser company, which is not short of money at all and is already a very large company.
Moreover, the financial report provided by Lihua Supermarket during its IPO showed strong profitability, so they felt that this was not a fraudulent stock.
The subscription rate reached 15 times, the highest in the past two years.
Zhang San's idea regarding the HK$50 billion subscription was that if the number of subscribers was insufficient, he would have overseas financial groups step in to ensure that the share price would not fall below the issue price on the first day of listing.
Under these circumstances, Lihua Supermarket went public.
Five hundred billion is not much for Zhang San. The funds transferred from North America alone amount to seven billion US dollars. With a little effort, he can absorb the selling pressure.
However, he still hopes that such companies can behave more naturally in the stock market.
The sudden addition of HK$50 billion in funds by overseas banks has caused a mix of tension and excitement throughout the financial group.
For a bank, having too many deposits is not a good thing. This money needs to generate returns; otherwise, it would be disastrous for the bank. Fortunately, the boss above was worried and didn't include this sum in his performance evaluation.
The entire logistics system also includes pharmaceutical logistics, but that's another company's system and isn't included in the calculation. It operates as two separate systems, although the two logistics companies are located right next to each other.
After the brief period of euphoria following Lihua Supermarket's successful IPO, the market experienced an unexpected turn of events. Lihua Group's stock price plummeted like a rollercoaster.
Investors had initially been full of expectations for Lihua Supermarket's listing, but the good news turned into bad news, and market sentiment plummeted.
Stockholders anxiously stared at the stock market charts for Lihua Group.
Panic spread among investors, triggering a wave of selling and causing stock prices to plummet. The executives of Lihua Group didn't face significant pressure, but they still had to play their part.
Lihua Group issued a statement on Friday evening, saying that the company's operations are normal and its profitability is improving, and asked investors to have confidence in the group's management and profitability.
This announcement is completely useless. Lihua Group's stock is still falling. What can we do?
The company will continue to issue announcements: The company will distribute dividends for the first half of 1999, with an interim dividend of HK$1 per share.
This is a huge positive development. HSBC's interim dividend is less than HK$1, and the share prices of both companies are roughly the same, so it's a very good deal.
Lihua Group's share price has shown signs of stabilizing. In the first half of the year, it paid a dividend of HK$0.8 per share, the same as last year. Such frequent dividend payments naturally demonstrate the group's very strong profitability.
The constituent stocks of the Hang Seng Index in Hong Kong generally pay dividends every year.
"You see, as long as you give these retail investors a little something sweet, they won't sell, and the stock price will stabilize," Zhang San said with a smile. "That's how these people are. What they need isn't profit, but hope, and no hope at all. The more they cursed before, the more they'll fawn over them later."
Zhang San's words sent chills down one's spine, but Zhou Huimin merely listened without expressing anything.
Having experienced many things, Zhang San naturally knows that his operation is perfectly reasonable and compliant with regulations. Moreover, he even receives dividends every year!
Moreover, the dividends are substantial, with each share yielding over HK$1 per year, comparable to HSBC.
In the future, things like shellfish running away and all the pets dying will happen. Compared to them, Zhang San feels much more noble. As long as these people continue to hold Lihua Group's stock, they will not only break even but also make a lot of money. That's his confidence.
However, the investors in Hong Kong are too gambler-like and unwilling to hold stocks for the long term, so they can't be blamed for this.
Last year, General Manager Yang resigned from his job due to heart problems. Now, Zhang San is personally running the entire group. He is still looking for a head steward for himself. These people are really too impetuous.
He is very busy now, as he is in charge of these tasks every day.
Zhang San's busy day begins the moment he steps into the office. First, he checks emails and reports to stay updated on the latest developments and key events across all departments. Next, he holds meetings with senior management to discuss strategic planning, hotel services, human resources, the mainland supermarket, logistics, warehousing, and more…
After the meeting, he may also communicate with the heads of various departments to understand their work and provide guidance. He will pay attention to financial statements, market trends, and competitor activities to formulate appropriate decisions.
In addition, as a general manager, you may also need to pay attention to business negotiations, client visits, or meetings with partners in various departments to promote business development and the smooth progress of cooperative projects.
He needs to collaborate with various departments to solve problems and ensure the orderly progress of all company operations.
Throughout the day, Zhang San also has to take time to approve important documents and contracts. Of course, these are all reviewed by the legal department before being sent to him; otherwise, what would they be for?
Before leaving get off work, he would summarize the day's work, prepare the work plan for the next day, and communicate with his subordinates and team members to ensure a smooth handover of work.
He was incredibly busy, which made him realize that it was normal for General Manager Yang to have health problems. He certainly didn't want to die young.
Zhang San sat in his spacious office, listlessly looking at the documents in his hands. These tedious documents made him feel immense pressure. Outsiders might be uneasy, but he figured there shouldn't be any problems within the company. He picked up the phone and dialed the company's human resources department.
"I need personnel information for managers and above in the company. Please send it over later." Zhang San's voice was calm and powerful, a quality expected of a leader.
After hanging up the phone, he thought for a moment and then dialed the human resources departments of two other groups, issuing the same order.
Now that everything is done by computer, it can be done via the Internet. He needs to select a leader from among the people in these groups.
These groups are his personal fiefdoms. As long as someone is qualified and meets the requirements, he doesn't care about the opinions of other senior executives. In his view, these people are biased and not on his side. They should be dealt with or promoted as appropriate. He won't be soft-hearted.
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