Chapter 1267 The Star Electronics of the Conflagration

Putting down his mobile phone, Xiao Qi handled his official business in a calm and unhurried manner, and made calls to Rongcheng and the United States from time to time to communicate about laboratory matters.

When he saw a message on the e-mail, he smiled slightly and turned on the hotel's satellite TV.

In Huaguo, it is illegal to install pot lids without permission, and only these high-end hotels can blatantly set up huge pot lids on their top floors to receive TV programs from all over the world—of course, they are also filtered .

Transferred to the Phoenix News Channel, the beautiful female anchor was broadcasting the news loudly in a form similar to an orgasm, her eyes glowing and her dimples flushed.

Affected by the slump in the European and American stock markets, the affected Hong Kong stock market was even more irresistible than them. In the past few days, the Hang Seng Index, which had already broken through 25,000 points, plummeted by more than 3,700 points and closed at 2130 points. The total decline was more than 18%.

Since the Asian financial crisis in 1997, Hong Kong has seldom experienced such a continuous plunge. People are full of panic. Many celebrities and experts have come out to speak out, supporting the Hong Kong stock market, singing that Hong Kong will be better tomorrow, but with little effect ——Hong Kong people are very smart. They have long passed the era of being easily fooled.

If you want to save the Hong Kong stock market, you have to come up with some hard goods.

Li Xiaochao released the great news on Sunday. After half a day of brewing and fermenting, after the market opened half an hour later on Monday, the total number of shares expanded to 5 billion shares, and Star Electronics, which was priced at 8 yuan per share, was immediately frantically sought after.

Last night, the senior executives of the Cheung Kong Group secretly confirmed that Li Xiaochao spent about 32 billion Hong Kong dollars just to buy the Friendship United Holdings Company. Not counting the two major orders, the net assets of Star Electronics reached more than 32 billion . [

That counts. Diluted with a total market value of 40 billion, it is definitely a real conscience price.

When eating with Li's family at noon yesterday, Xiao Qi heard Li Chaoren say why he chose this price and the reason for the urgent listing.

It stands to reason that now is obviously a time of financial turmoil, if you wait for a few months. Wait until the situation is stable before announcing the injection of assets and dilution of shares, then Li Xiaochao will definitely gain more wealth!

However, Li Chaoren persuaded his son to go public as soon as possible. The reason is that in the acquisition of PCCW a few years ago, too many people were deceived by Li Xiaochao. All shareholders who bought PCCW lost at least 50% of their assets. , which made Hong Kong stockholders hate Li Xiaochao deeply.

In the future, Li Xiaochao must not continue to be deceived, so in order to establish a positive image of himself. It is necessary to stand up in times of crisis, give Hong Kong's stock market a shot in the arm, and let them feel Li Xiaochao's determination and courage to raise the market.

With the popularity of the concept stocks of Xiannv Company, Star Electronics, which has several large orders, the valuation of 40 billion Hong Kong dollars is definitely not high, or even very low, with a price-earnings ratio of about 10 times. It is far lower than 20 times of Hong Kong's large-cap stocks, and even lower than 50 times of GEM!

Set the price a little lower. Let everyone know that Li Xiaochao is not a greedy person.

But in fact, after putting it on the stock market, are you still afraid that good stocks will be buried?

Will definitely return to its due value!

So is there a need to be that bad guy first?

There is no need for it at all!

Older gingers are more spicy.

Sure enough, as soon as the market opened today, it confirmed Li Chaoren's statement.

The 8 yuan stock price stayed for 1 second, 85... 9... 10... 12... 15... The stock price soared to 2261 Hong Kong dollars. The market value directly exceeded 100 billion Hong Kong dollars, and then slowly began to fall.

But when the market closed in the afternoon, the stock price of Star Electronics still proudly stayed at 1858 Hong Kong dollars, an increase of more than 232%, with a total market value of 92.9 billion Hong Kong dollars. It really caught everyone's eyes. [

You know, according to the announcement of the Hong Kong Stock Exchange, Li Xiaochao will release 10 million shares every 10 minutes, and a total of 2.4 billion shares will be released in 4 hours. The total turnover is 5% of the total number of shares, and the total turnover has reached 50. billion Hong Kong dollars, it is really commendable to be able to maintain such an increase.

Even the shares of PCCW, which has fallen to the bottom, also rose by 8% today, the largest increase in six months.

A number of investment institutions came out to speak, claiming that Li Xiaochao released too few shares, and he could be bolder and let go.

Merrill Lynch directly raised the target price of Star Electronics to HK$25.

The Securities Department of JP Morgan Chase also revised the evaluation from "recommended to buy" to "strongly recommended to buy" level.

Affected by the excitement of Star Electronics, coupled with some good news released by several giants such as Cheung Kong, New Henderson, and New Century Real Estate, the Hong Kong stock market miraculously stopped falling, and the stock index rose by more than 1% in a day. Soared 220 points.

However, Li Xiaochao has learned a lot now. As soon as the stock market closed, he announced that he had promised Mr. Xiao Qi that he would hold the shares of Star Electronics for a long time. % of the stock, it no longer considers the stock in hand to appear on the tradable stock.

This is where the Li family is smart.

They don't like 100% holdings like Xiao Qi's, basically more than 50% is enough.

But Star Electronics is now a new type of asset injection, and the confidence of the outside world all comes from Xiao Qi's orders, and its own foundation is not solid.

If Li Xiaochao keeps releasing his shares in the past few days, after a large number of stocks hit the market, the stock price of Star Electronics will continue to fall on the contrary.

As it is now, announcing that only a limited number of stocks will be released will cause a situation where supply exceeds demand, which will be of great help to stabilize stock prices and stabilize everyone's confidence.

As for selling some stocks again in exchange for cash to repay debts, Li Xiaochao will not reduce his holdings again until Xiao Qi's rem strs is on the market.

Of course, if there are too few shares in circulation, it will also have a negative effect on the maintenance of stock prices.

Therefore, Li Xiaochao's total release of about 20% of the stocks is a very suitable ratio. One can tell at a glance that the old "treacherous" Li Chaoren helped him make suggestions.

An old family is like a treasure!

Not only within the Li family, but also in the entire Changshi Group, Li Chaoren is an irreplaceable pillar. Once he has any health problems, the Changshi Group will panic.

Everyone is so dependent on this old man, which is probably one of the important reasons why he will not retire in his 80s! (To be continued..)

ps:  Ask for a monthly pass! These days, if you don't ask for it, you won't give it. It's too bullying, isn't it? Beg! ^_^

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