Chapter 611 The Second Empire Group in Hong Kong? The Rise of the Jianing Empire!

Chapter 611 The Second Empire Group in Xiangjiang? The Rise of Jianing Empire!!

Yuan Geng was stunned when he heard Mr. Yang's words.

Isn't this what he and Shekou Industrial Zone are pursuing?

Time is money, efficiency is life.

Now in Shekou Industrial Zone, everything is chasing money and efficiency.

"Mr. Yang, the sentence you just said is a famous saying worth a thousand gold. I have to write it down. I will have someone engrave this sentence at the gate of Shekou Industrial Zone."

Yuan Geng said excitedly.

Yang Ming didn't expect that this sentence was originally proposed by Yuan Geng himself in history, and then widely quoted by the old man. This sentence also made Pengcheng and achieved the rapid development of the country for 30 years.

There are good and bad things.

Now Yuan Geng thinks he said it.

"Mr. Yuan, I just said it unintentionally."

"No! Mr. Yang, your words are worth a thousand gold. I want to write them down and let all Pengcheng people learn from them."

What else can Yang Ming say?

Yang Ming followed Yuan Geng to visit the situation of Shekou Industrial Zone for a morning.

Finished lunch here.

Before leaving, Yuan Geng took photos with Yang Ming and others, and asked Yang Ming to leave that sentence.

. . .

That afternoon.

Yang Ming and Lin Xiuzhi and others left Pengcheng and went to Luohu Port, heading to the opposite Xiangjiang River.

This trip to Yangcheng to attend the Canton Fair, during which they inspected the investment of their subsidiaries in the mainland, took about seven days in total.

Entering Xiangjiang.

Yang Ming took a car directly back to the Repulse Bay Mid-Levels Villa.

At this time, President Xia, Huang Yaonan, and Mou Shili were still in Yangcheng to talk.

They took a train directly from Yangcheng Railway Station back to Kowloon Railway Station near Hung Hom.

. . .

October 25, 1980.

The second day after Yang Ming returned to Xiangjiang.

When Yang Ming and his parents were having breakfast and reading newspapers at the Garden Restaurant, he suddenly noticed a piece of news about the Jianing Group.

Since January this year, rumors about Chen Songqing's relationship with Nanyang Capital have spread in Hong Kong, and people around him have added fuel to the flames, suggesting that his source of funds has a big background.

Even rumors about the support of the Philippine President's wife and the support of Mosco Bank have been coming out one after another, which has cast a mysterious halo over Chen Songqing's head.

Yang Ming knows that in recent years, Chen Songqing has been building a persona for himself.

From now on, Chen Songqing seems to have begun to succeed.

On July 11, 1980, the Jianing Group confirmed that it had paid the last payment for the purchase of the Golden Gate Building "as scheduled".

On July 15, the Jianing Group announced that it would transfer its 75% interest in the Golden Gate Building to Jianing Real Estate at a symbolic price of HK$1, and Jianing Real Estate would assume the equity and debt of the Golden Gate Building.

At that time, Jianing Real Estate stated that the group intended to make a "long-term investment" in the Golden Gate Building.

However, the words were still fresh in our ears. By the end of July, Jianing Real Estate suddenly announced that the negotiations on the sale of Golden Gate Building had entered the "in-depth stage" and the selling price was about HK$1.5 billion.

Stimulated by the relevant news, the share price of Jianing Real Estate further rose sharply to HK$9.

On August 14, Jianing Real Estate announced that it had reached a preliminary agreement with the Bai Ning Shun Group, which was owned by the brothers Lin Xiurong and Lin Xiufeng, the sons of the founder of Heng Ti Bank, Lin Bingyan, to sell its 75% interest in Golden Gate Building for HK$1.18 billion. The buyer has paid the deposit and the transaction will be completed on September 13.

However, the preliminary agreement was soon replaced by another statement that Jianing Real Estate and Zhong Zhengwen would sell the entire Golden Gate Building to Bai Ning Shun for HK$1.68 billion, and the transaction would be completed before the end of October.

In other words, in less than a year, Jianing and Zhong Zhengwen made a profit of nearly HK$700 million through the sale and purchase of Golden Gate Building.

When the news came out, the Hong Kong stock market was in a frenzy. A large number of investors flocked to chase the shares of Jianing Real Estate, causing the stock price to soar to HK$15.4. The market value of the entire company increased sharply from about HK$500 million at the time of acquisition to more than HK$3.6 billion, and the number of shareholders increased from about 1,500 at the time of acquisition to nearly 10,000.

At this time, the second phase of the expansion of the Jianing Group can be said to be officially completed.

The first phase of Jianing's expansion can be said to be that Chen Songqing, with the help of Zhong Zhengwen, established a business of a certain scale in Hong Kong, accumulated a small amount of personal wealth, and more importantly, found a source of funds that was willing to keep absolute business secrets.

The second phase was that Chen Songqing arranged the group to "list through a backdoor listing" and placed Jianing at the forefront of the Hong Kong real estate industry through the Golden Gate Building transaction that caused a sensation in Hong Kong, shaping Jianing's image as a successful large real estate developer.

At this stage, he had proved to his mentor Zhong Zhengwen and other investors that he had "inexhaustible and inexhaustible" huge funds.

It was in this mythical atmosphere that Chen Songqing began the third phase of the almost crazy acquisition and expansion activities of Jianing.

From the mid-1980s, Chen Songqing made full use of the reputation established in the past two years to launch large-scale acquisition activities by issuing new shares and borrowing from banks.

The giants have plans. In September 1980, Jianing Real Estate announced the formation of Jianing Shipping. First, it purchased a 30,000-ton dry cargo ship "Xinjin" from Baohua Construction for HK$61 million and renamed it "Jianing No. 1". Then it ordered four dry cargo ships from Japan and West Germany to enter the shipping industry.

In September, Jianing Real Estate reached a share swap agreement with Siam Rama Tower. Jianing issued 2.8888 million new shares at a price of HK$17.3 per share in exchange for a 25% stake in Rama Tower.

Rama Tower is one of Siam's major listed companies, owning five hotels and operating insurance and finance.

. . .

Yang Ming knew that Chen Songqing would have a series of crazy acquisitions in the future.

This year is the beginning of the craziest year.

At the beginning, Ma Shimin mentioned to Yang Ming that Chen Songqing and Jianing Group wanted to acquire the Golden Gate Building.

The Golden Gate Building is also owned by the Jardine Group and is also one of the most valuable buildings in Central Hong Kong.

Historically, this situation was not only caused by Chen Songqing's deliberate act, but also had a lot to do with the skyrocketing land and housing prices in Hong Kong.

In this case, since Chen Songqing wanted to buy the Golden Gate Building, why didn't the Jardine Group sell it and get the funds back? Anyway, it could be bought back at a low price at that time.

It was this step that led to a series of craziness in Chen Songqing's next move, which was even crazier than in Yang Ming's previous life.

Now, Yang Ming stared at the newspapers.

In terms of Chinese capital in Hong Kong, Chen Songqing's Jianing Group is already behind the Empire Group and the Global Group, and has left Li Jiacheng's Changgang Industrial Group far behind.

Historically, when Chen Songqing's Jianing Group was at its peak, it had more than 100 companies under its umbrella, and its scale was comparable to that of Jardine Land Group and Swire Group. In terms of profit, it even exceeded HK$1 billion, which was almost the same as the market value of Huifeng Bank.

At that time, many people thought that he was the second strongest Chinese capital in Hong Kong after Li Jiacheng (historically, at that time, Li Jiacheng had already swallowed up Hutchison Whampoa).

Looking at this report.

Yang Ming was thinking that Chen Songqing would definitely make further crazy acquisitions and build a larger Jianing Empire to increase the share price of the Jianing Group.

Originally, there was a big hole in this situation.

Because Chen Songqing likes to spend several times the price to acquire companies that are higher than the assessed value.

If the housing prices in Hong Kong continue to soar, these problems can be covered up. When the housing prices in Hong Kong plummet at the end of next year, when many valuable properties under the Jianing Group depreciate rapidly, then the problems of the Jianing Group will come.

"Peter, this Chen Songqing is very powerful. Many people call his company the second Empire Group." Yang Jirong said on the side.

The second Empire Group?

In history, the Jianing Empire did appear in Hong Kong, but it was a flash in the pan.

The speed of rise was too fast, and the speed of collapse was also very fast.

Chapter 6!

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