Hong Kong variety show: Building a century-old family, starting with Hung Hing

Chapter 340 Buying 9 Dragon Bus Company Stock

Lin Luoqi looked worried: "Boss Jiang, we only have 1100 million yuan left, which is only enough to acquire one more floor of property. What should we do?"

Jiang Tiansheng frowned in thought, and Lin Luoqi suggested, "Why don't we try collateralized loans to raise more funds?"

Jiang Tiansheng nodded: "Okay, let's do it that way. I'll arrange for someone to handle the collateralized loan right away."

"Mr. Lin, you should also keep a close eye on the prices of residential units in Shatin First City. If they rise by more than 5%, buy them immediately. Don't be greedy."

Lin Luoqi replied, "Okay, Mr. Jiang, I've got it."

After finishing his business here, Jiang Tiansheng went to North Point Wo Hung Properties Company, where Guan Jiahui was sitting at her desk sighing.

Jiang Tiansheng asked, "Jiahui, what's wrong? You look so worried."

Guan Jiahui complained, "Tiansheng, this business is too difficult. I'm thinking of changing careers and quitting."

Jiang Tiansheng said with a smile, "Jiahui, just treat this real estate agent job as a part-time job, don't take it too seriously."

"Look, you've invested over 3 yuan in the stock market. Don't worry too much about this little income as a real estate agent."

Guan Jiahui said helplessly, "That's what they say, but I'm busy every day and I don't have any sales. I'm getting anxious."

Jiang Tiansheng said, "The pocket money I give you is enough for you to live on."

"Working as a real estate agent is just a way to pass the time, and I can also get revenge on the Lin brothers, making them suffer more losses. Isn't that great?"

Guan Jiahui nodded: "That's true, I feel better now that you've said that."

By the way, Yan Leduo came looking for you twice, but I sent him away both times.

Jiang Tiansheng frowned: "He's looking for me? He's probably jealous of how well our business is doing."

After I revealed last time that we were speculating on shop properties, these competitors got restless.

Guan Jiahui said, "Tiansheng, I think Yan Leduo and the others could have reached a settlement with Fenggui Development Company, but they just want everyone to suffer."

Jiang Tiansheng said to Guan Jiahui with a serious expression, "Jiahui, look at the real estate brokerage market now. If we restore the original commission rates, Yan Leduo and the others will definitely follow suit immediately."

After all, making money is their top priority; past grievances are insignificant in the face of profit.

After hearing this, Guan Jiahui nodded: "Tiansheng, if that's the case, we actually have the initiative now."

Even if we don't make money during this period, we can manage, but they don't dare to easily restore commission rates, for fear of exposing their weakness of not being able to withstand low profits.

Guan Jiahui's eyes darted around, and she said, "Mr. Jiang, how about we make our competitors lose even more money? Maybe Yan Leduo will offer us some benefits and let us restore our commissions."

Jiang Tiansheng shook his head and analyzed, "Jia Hui, Yan Leduo has powerful backers, but those people won't suffer losses easily."

Yan Leduo is just a liaison; they won't easily compromise because of this little bit of pressure, much less give us any benefits casually.

Guan Jiahui was somewhat disappointed: "Oh, I see. It seems we'll have to slowly wear them down."

Jiang Tiansheng said, "That's right, we have to stay calm in this market."

Moreover, we have other important business matters to attend to.

At this point, the topic shifted to the acquisition of China Bus Company. Jiang Tiansheng said:

"Jiahui, you've been following the acquisition of China Bus Company, haven't you? Although the Yan Chengkun family hasn't launched an anti-takeover campaign, they've been accumulating shares in the stock market and maintaining good relations with the Securities and Futures Commission and the Merger Committee."

Guan Jiahui asked, "Mr. Jiang, shall we participate in this acquisition?"

Jiang Tiansheng replied, "My interest in this acquisition case is more about learning the acquisition techniques involved, not about directly participating."

Moreover, I found that Kowloon Motor Bus Company and China Bus Company have very similar situations.

Sun Hung Kai Properties also acquired Kowloon Motor Bus, and I think Kowloon Motor Bus might be the next acquisition target.

Guan Jiahui asked curiously, "So what do we do?"

Jiang Tiansheng said, "I plan to use the remaining HK$477 million to buy shares of Kowloon Motor Bus Company."

Without hesitation, Jiang Tiansheng went to the HSBC trading floor to meet with Zhang Taotao.

When Zhang Taotao saw Jiang Tiansheng, he greeted him, "Mr. Jiang, you've arrived."

Jiang Tiansheng got straight to the point: "Zhang Taotao, I'd like to know about the share price of Kowloon Motor Bus Company."

Zhang Taotao replied, "Mr. Jiang, the current share price of Kowloon Motor Bus Company is HK$4.3 per share."

"But are you really planning to acquire shares in Kowloon Motor Bus Company? I have some doubts about that prospect."

Jiang Tiansheng said, "I've made up my mind. I'm going to use all 477 million yuan to buy Kowloon Motor Bus Company shares."

Can you help me calculate how many shares I can buy?

Zhang Taotao quickly calculated: "Mr. Jiang, based on the current stock price, your 477 million yuan is expected to buy 111 million shares, which is approximately 1.11% of the total share capital."

Jiang Tiansheng nodded: "Okay, let's do it this way. By the way, how's the situation with the new shares of Henderson Land Development Company that I asked you to help me get when it goes public?"

Zhang Taotao said, "Mr. Jiang, I have already obtained 150 million shares for you."

However, this requires a payment of 600 million yuan, and you are currently short 112 million yuan.

Jiang Tiansheng pondered for a moment: "Okay, I understand. I will make up the difference in funding by mid-May."

On April 15th, a bombshell announcement rocked the market.

Hang Lung Properties has acquired the development rights to three MTR station development projects: North Point, Quarry Bay, and Taikoo.

The news caused a sensation throughout the market.

Jiang Tiansheng and Guan Jiahui were also discussing this matter at the company. Guan Jiahui excitedly said:

"Mr. Jiang, Hang Lung Company is really impressive, securing such an important project in one fell swoop."

Jiang Tiansheng nodded: "Yes, experts predict that Hang Lung Company (Qian Li's) can profit 30 billion yuan from these projects. The market reaction is also obvious; Hang Lung Company's stock price rose by more than 20% this morning."

Guan Jiahui said with some regret, "It's a pity we didn't use our private funds to buy Hang Lung Company shares in advance."

Although Jiang Tiansheng also regretted it a bit, he still said, "Fortunately, Paramount Company still holds 9.4 shares of Hang Lung Company stock, which can earn at least 50 yuan."

On the third day, the market was shaken by another piece of news.

On the fourth day, Jianing Group acquired Vinda Shipping Company and Qichang Life Marine & Fire Insurance Company. Jiang Tiansheng and Guan Jiahui once again began to pay attention to market dynamics.

Guan Jiahui said, "Mr. Jiang, the Jianing Group has made quite a move; its stock price has risen from 22.3 yuan to 22.8 yuan."

Jiang Tiansheng said, "The market changes too fast, we have to pay attention at all times and seize opportunities."

At the same time, Su Qishan hurriedly entered the office and reported to Jiang Tiansheng: "Boss Jiang, there is important news."

A property owner wants to sell the 8th and 11th floors of the Gongbei Xing Building for 2000 million yuan, and requires a lump-sum payment.

After thinking for a moment, Jiang Tiansheng said, "Paying 2000 million yuan in one lump sum is a bit of a burden."

So, you should first communicate with the homeowner and say that we will pay 1500 million yuan upfront, and the remaining 500 million yuan will be paid within three days. Do you think this is a big problem?

Su Qishan thought for a moment and said, "Mr. Jiang, I don't think there's a big problem."

The price is actually quite reasonable, and we have a good reputation in the industry.

Jiang Tiansheng said, "Okay, you go and talk to them first. If the homeowner doesn't agree, we'll try to get another 860 days to raise the remaining funds."

These two floors are crucial to our overall plan for the Gongbei Xing Building; we must acquire them.

Su Qishan nodded: "Okay, Mr. Jiang, I'll take care of it right away."

After Su Qishan left, Jiang Tiansheng looked at the relevant documents for the acquisition plan of the Gongbeihang Building spread out in front of him.

The remaining payment for the two-story property has become his biggest problem right now.

After much deliberation, he decided to discuss two solutions with Lin Luoqi.

Jiang Tiansheng dialed Lin Luoqi's number and said, "Boss Lin, I've run into big trouble with the acquisition of the Gongbei Xing Building."

I'm thinking of two options: either have Yiren Real Estate Company invest 300 million yuan, or have us pledge the shares of Bailumen Company to get a 500 million yuan loan from the bank. What do you think of these two methods?

Lin Luoqi sighed on the other end of the phone and said, "Mr. Jiang, Yiren Real Estate Company really can't provide any more funds."

Several of our company's projects are burning through cash lately, and our cash flow is very tight.

After listening, Jiang Tiansheng remained silent for a moment, then said, "Okay, I understand. It seems we can only consider pledging our shares to the bank for a loan."

After hanging up the phone, Jiang Tiansheng immediately contacted the bank to inquire about the specifics of the pledge loan.

The bank stated that the process is relatively complex and requires a certain amount of time for review, but given Jiang Tiansheng's reputation and the strength of Paramount Company, they will try to expedite the process as much as possible.

At the same time, Jiang Tiansheng also needs to negotiate the final payment schedule with the owners of the Gongbei Xing Building.

He personally dialed the homeowner's number and said sincerely, "Hello, this is Jiang Tiansheng."

Regarding the final payment for those two floors, I'm experiencing some cash flow problems. Could you perhaps grant me a few days' grace? I promise I will make the payment.

The homeowner was adamant on the phone: "Mr. Jiang, it's clearly written in black and white in the contract, and you should pay on time."

However, considering your apparent sincerity, I'll give you three days. Any extra time will incur 50,000 yuan in interest, bringing the total to 5,050,000 yuan. We can't delay any longer.

Jiang Tiansheng quickly replied, "Okay, thank you so much. I will definitely give you the money within 3 days."

For the next three days, Jiang Tiansheng worked tirelessly, keeping track of the bank loan's progress while preparing the necessary documents.

Finally, on the third day, the bank approved the loan, and the 5 million yuan was successfully deposited into the account.

Jiang Tiansheng breathed a sigh of relief and immediately arranged for someone to pay the remaining 505 million yuan to the owner, successfully acquiring the two floors of the Gongbei Xing Building.

After acquiring the property, Jiang Tiansheng knew that in order to maximize his profits, he had to make some noise.

He brought in the company's publicity team to discuss announcing the Paramount Company's plans through the media.

Jiang Tiansheng told his team, "We want to reveal to the media that Paramount plans to acquire the Gongbeihang Building, then demolish and rebuild it to create a commercial building of more than 30 square feet."

Remember to emphasize the project's scale and potential when promoting it.

Following Jiang Tiansheng's instructions, the publicity team acted swiftly.

Upon hearing this, many homeowners began to raise the prices of their properties, with some even demanding as high as 1200 million yuan per floor.

Jiang Tiansheng was secretly pleased as he observed the market's reaction.

He felt it wasn't enough, so he had his team release the news: "Announce to the public that Paramount Company has acquired the Gongbeihang Building."