1RomanceEB Chapter 98 Dog Newspaper: A Single Paper Shatters the Sky
Chapter 98 Dog Newspaper: A Single Paper Shatters the Sky
"Die! Die!"
"Taxi, hurry! I'm going to the stock exchange...any exchange will do, just hurry!"
"Hurry home and grab your stocks, I need to get in line at the Far East Club! School? Forget about it, hurry back and get them!"
“…………”
At six o'clock in the morning, the sky was just beginning to brighten.
Heart-wrenching screams echoed in front of newsstands as people scrambled for any means of transportation to get to the stock exchange, even though it didn't open until 10 a.m.
This is all because of a report published in the February 19th morning edition of "Financial Dog Express":
The newspaper reported that the newspaper had busted an underground printing plant in Causeway Bay and discovered that the plant was producing a large number of counterfeit stock certificates. The current status of their circulation is unknown.
Unfortunately, they were destined to return empty-handed, because the Hong Kong government and HSBC received the news earlier than they did.
Even before the newspaper went on sale, the police station had officers stationed at the stock exchange to halt stock trading and prevent violent clashes.
Although the underground printing plant forged fake stock certificates for multiple companies, Chen Guanjiang was able to publish photos of fake stock certificates for Hongkong Land Group. The three Hongkong Land Group stock certificates, each with a face value of 1,000 shares, had identical serial numbers.
As expected, Hongkong Land should have suffered the most significant drop. Unfortunately, the stock exchange is temporarily closed, and Hongkong Land shares are suspended from trading, so we cannot see the dire situation of the Hang Seng Index and Hongkong Land's share price.
…………
Central, Lin Heung House.
Zhou Xinian stared at the bustling crowd below, expressionless and motionless, lost in thought.
Chen Guanjiang picked up the iron kettle to pour him tea and asked, "Is Zhou Daheng feeling better now?"
This single report is enough to drive Hongkong Land's stock price down to below HK$25 per share. The original Dairy Farm shareholders will surely be furious and will break with the Keswick family at the board meeting.
"I'm no longer worthy of the title of tycoon..."
Zhou Xinian signed the equity transfer agreement readily, clearly indicating his stance, but without showing any joy.
Dairy Farm has been acquired, and the acquisition of Kowloon Motors has no hope of retaining his seat on the Jockey Club board. He can no longer be called a "tycoon".
Even if things get chaotic at Hongkong Land Group, the original shareholders of Milk Company will not ask him to take charge. Instead, they will turn to support another faction within the Jardine Matheson Group—Newbikin.
Nothing lasts forever, and nothing lasts forever. Zhou Xinian has come to terms with it and become more open-minded. He easily relinquished 5% of his wireless shares and even wanted to give up Kowloon Motors, which he had acquired.
"In my heart, you will always be a tycoon!" Chen Guanjiang solemnly reassured him, silently putting away the equity transfer agreement.
"hehe!"
Zhou Xinian, feeling proud and unwilling to be comforted, changed the subject, saying, "You're quite something, earning 5% of TVB's shares plus HK$2.4 million in cash without spending a single penny."
Riding the wave of the rising stock market, the newspaper issued all of its remaining 2.5 million shares at HK$10 per share, raising HK$2500 million.
With the number of shares increased by a factor of 10, the share price of the news agency was immediately driven down to HK$8.3 per share.
With a 17.5% stake, totaling 875 million shares and valued at HK$0.72 million, it controls a massive cash flow of HK$2.5 million, and even owns the copyrights to five Bruce Lee films and a newspaper.
The fragmented shares already acquired through the secondary market have now indirectly led to the stock exchange's shutdown, leaving those who covet the massive cash flow with nowhere to buy.
The Hong Kong-based news agency, RTHK, bought his 5% stake in TVB for HK$1000 million, leaving him with HK$2.4 million in cash flow.
"Just lucky."
Chen Guanjiang gave an awkward smile, without revealing that he had already taken control of Kowloon Club, completing a qualitative leap in the financial field and a fundamental change in his status and influence.
Normally, this is how it should be done: take advantage of the stock market crash to acquire high-quality companies that have gone bankrupt due to cash flow problems.
With foreign capital withdrawing and cash shortages, financing will inevitably be more difficult than last year, while bank interest rates, even just for interest income, can reach over 16%.
But clearly, Chen Guanjiang is not a normal person. He doesn't intend to operate capital in accordance with normal rules, nor is he prepared to tell this Zhou tycoon the truth.
Chan Kwun-kong also changed the subject, saying, "Uncle Nine is acquainted with the taipan of Hutchison Whampoa, could you help introduce us?"
"Qide Zun?"
Zhou Xinian was taken aback and said, "You want to take over Wireless?"
They had just acquired 5% of Wireless's shares from him, and in the blink of an eye, they wanted him to introduce Qi Dezun. Even a fool would realize that this was aimed at Wireless.
"If you can't swallow it... then you won't let me swallow it!" Chen Guanjiang used serving chopsticks to pick up a piece of lotus seed paste mille-feuille cake and put it into Zhou Xinian's bowl.
Even if they acquire a 20% stake in Hutchison Whampoa, including the 5% they just received, it would only amount to 25%, and even with Yu Jingwei's support, it would be of no use.
Because HSBC holds a 30% stake, and the television station, as the supreme authority in the media, is too crucial, even if it repeatedly tries to curry favor, it will not switch its support to him, after all, he is not a traitor.
Zhou Xinian didn't taste the pastries, but frowned and said, "Then you still want to increase your holdings!"
"It was unavoidable!" Chen Guanjiang said vaguely.
Now is indeed the best time!
The stock market is about to drag down the property market. Hutchison Whampoa, which has been aggressively acquiring companies in recent years, is seeing its share price fall due to a large amount of land and holding companies, and banks are finding it difficult to provide sufficient collateral.
Unfortunately, Qi Dezun was a stubborn man. Even though he was being dragged into hell by the land and the holding company, he insisted that the land price would inevitably rise and refused to sell at a loss. This is why it was possible for him to sell his shares in TVB.
Also due to the stock market crash, the good days of the news agency were over. Without access to international news from TVB, it was a slow death. It was better to take a gamble while it still had the ability.
After all, the two parties have not yet formally completed the appointment documents. Even if he receives the offer to serve as the news department manager, there is still the possibility that he could be dismissed by the board of directors at any time.
Moreover, Li Xiaohe is not honest either. Yu Jingwei sent a message saying that the old guy is in contact with Hu Xian'er.
TVB prefers to continue using Sing Tao Daily as long as Hu Xian'er can accept the same conditions as Sing Tao Daily.
At the same time, Li Xiaohe also noticed Chen Guanjiang's ambition and was also in contact with Qi Dezun, wanting to acquire and increase his stake by 20%.
Ultimately, people have to rely on themselves.
With a 20% stake in Hutchison Whampoa and his own 5% stake, even if the two sides fall out at the board meeting, Chen Guanjiang can still hold onto his small share of the news department.
"Let me make it for you!"
"Thank you, Uncle Jiu!"
Looking at Chen Guanjiang's rapid rise to power, thinking of the two little rascals at home, and then thinking about the family that was torn apart, Zhou Xinian was filled with sadness.
One wrong step and everything is lost. After death, I don't know how to face my father, let alone my seventh brother.
They were interested in a marriage alliance with Chen Guanjiang, but they decided against it. Even the Li Peicai family rejected him, so there was no need for the Zhou Yongtai family to bother with such a pointless scheme.
I heard that this guy's third sister is on good terms with the younger generation of the Li Peicai family, which can be considered an opportunity for marriage alliance with this emerging family that is about to rise. Doesn't this guy also have a younger brother?