The Wealth Empire Crossing the Hong Kong

Chapter 155 Hutchison Land Listing
"Jianhui, it's really not easy for you to come to the Far East Exchange. The last time we met here was when Wheelock Land Group was listed."

Li Fuzhao was in a very happy mood. The Far East Exchange had developed rapidly in the past year. Although there was still a big gap between the Far East Exchange and the Xiangjiang Exchange, the distance between the two sides was getting closer step by step.

In particular, Guanghua Construction, Wheelock Land, Dao Heng Bank, and Henderson Land have been listed on the Far East Exchange this year, injecting strong vitality into the exchange.

We must know that the market value of Wheelock Land ranks second among real estate listed companies, second only to Jardine Land.

Dao Heng Bank, as the second largest bank in Hong Kong Chinese capital, its strength should not be underestimated.

Guanghua Construction Industry is currently the eleventh listed company in Heung Kong Properties, and its market value has exceeded 10 billion Hong Kong dollars this month.

Although Henderson is a little short at present, Li Zhaoji stands behind him, with unlimited potential in the future.

Li Fuzhao believes that if he is given another ten years, the Far East Exchange will definitely have the strength to compete with the Xiangjiang Exchange.

"I don't have to go to the Three Treasures Palace for nothing, and I can't always ask my second uncle for help!"

"I am willing to help Jianhui as much as possible. A few days ago, the financial statements of Huihong Group shocked the entire Hong Kong. Countless brokerages and investment institutions expected Huihong Group to be listed. I wonder if Jianhui has such a plan. idea?"

If there is any company in Hong Kong that can surpass the overlord HSBC in terms of market value, then the most likely one is Huihong Group, which has just disclosed its financial results for the last quarter.

You must know that HSBC's third-quarter financial statements are out, and its pre-tax profit is only less than [-] million higher than that of Huihong Group.

Considering the time when Huihong Group was established and the accelerating expansion of its industries, once Huihong Group goes public, it is likely to hit the throne of the largest listed company in Hong Kong.

As the cash milk under Li Jianhui, Li Jianhui currently has no idea of ​​listing Huihong Group.

Letting him announce the quarterly financial statements this time is also to stabilize the confidence of the citizens of Xiangjiang in the capital chain of the Xinjian Department. After all, Tianshui City has been quite deserted since its opening, but the construction there has not stopped in the slightest. Whether it is safe now has worried many investors and investment institutions.

After the release of the financial statements this time, at least in the short term, citizens don't have to worry about the Xinjian Department's funds breaking down, the stock prices of several major listed companies will not plummet, and Xinjian Bank will not face the risk of a run on the bank.

"Several major industries under the Huihong Group will definitely be listed in the future, and then I will trouble my second uncle."

While the two were chatting, Li Guobao, Feng Jingyao, Feng Jingxi and others also came here one after another.

Before listing, Li Jianhui, the chairman of the board of directors of Hutchison Whampoa Group and also the president, gave a general introduction to the situation of Hutchison Property Group Co., Ltd. to the representatives of investment institutions and shareholders present.

It focuses on its reserved land, projects currently under construction, and the focus of future development.

Unlike Wheelock Land, which mainly develops commercial real estate, Hutchison Land mainly focuses on boutique residential communities and luxury villas, and also involves tourism real estate.

The low-end residential area is developed by Xinjian Real Estate, and Xinjian Real Estate will also be involved in the business of commercial buildings.

The three real estate companies develop in a staggered manner to avoid internal competition, and if necessary, they can cooperate and form a group for development.

At [-]:[-] in the morning, along with Li Jianhui, Wei Li, Al Merris, Li Guobao and others, they rang the bell for listing.

The estimated value of Hutchison Real Estate Group is 25 billion Hong Kong dollars, with a total share capital of 5 million shares. Hutchison Whampoa Group owns 3.35 million shares, accounting for 67% of the shares of Hutchison Real Estate Group, ensuring that Hutchison Whampoa Group has absolute control over Hutchison Real Estate Group.

Under the manipulation of Sun Hung Kai Securities, Dao Heng Bank, and Bank of East Asia, the price of five Hong Kong dollars per share rose rapidly.

As several major institutions continue to increase their volume, the stock trading of Hutchison Land Group has also become active. However, except for the three major institutions that have increased their volume, all of them are buying, and no institution is selling to the outside world.

Li Guobao said: "Jianhui, congratulations, now Xiangjiang Real Estate is listed in the top four, and you own two of them."

Jardine Land currently ranks first in market capitalization, with a market capitalization of HK$43 billion.

The second is Wheelock Land Group, with a market value of 37 billion Hong Kong dollars.

The third is Wharf. Although the market value has shrunk considerably compared to when the charter king acquired the peak, it still reached 32 billion Hong Kong dollars.

The fourth is the current Hutchison Land Group. Judging from the current price alone, it has already exceeded 30 billion Hong Kong dollars. Not to mention the fourth place, it is very hopeful that it will surpass Wharf at the close of the morning and become the third largest listed company in Hong Kong Properties.

Regardless of whether his Chinese real estate is good or Sun Hung Kai, Hang Lung, and Cheung Kong, although the growth of Heung Kong Real Estate has been good in the past year, they have not yet broken through the threshold of two billion Hong Kong dollars. If you want to challenge the position of these four companies, There is still a big gap.

Li Jianhui is also quite satisfied with today's listing. It seems that the positive effects of last week are indeed good. If there are no accidents, Hutchison Land Group will be able to stand firm at the level of 30 billion.

Affected by the soaring stock price of Hutchison Real Estate Group, it is believed that the stock price of Hutchison Whampoa Group on the Hong Kong Stock Exchange will also have a considerable increase.

He responded with a smile: "It's all about the trust of the shareholders in the group. Moreover, the major real estate companies in Hong Kong have developed rapidly this year. Wheelock Land and Hutchison Land are only leading temporarily. It is hard to predict who will win the championship in the future."

To say that the happiest person today is undoubtedly the current director and president of Hutchison Land Group, Al Merris. Before that, he was just the general manager of a subsidiary of Hutchison Whampoa.

And now that Hutchison Land has been split and independent, he has become the helm of a group with a market value of nearly three billion Hong Kong dollars.

Although he can't be compared with Shen Bi, Niu Bijian, etc., it also makes him one of the top professional managers in Hong Kong.

His status in the Xinjian department has also risen sharply. Currently, only Li Jianhui, Huang Guangxing, Wei Li, Su Hongtao, Shi Shaoming, Clay Johnson, and Li Zaiwei are ranked ahead of him.

Looking at the ever-beating stock price of Hutchison Land Group, he hopes more than anyone else that the unit price can break through the [-]-billion level. [-] billion and [-] billion are two completely different concepts.

Once the market value of Hutchison Land Group exceeds three billion Hong Kong dollars, it can be a company at the same level as Wheelock Land and Wharf. If it is less than three billion, then Jardine Land belongs to the top of the top group, Wheelock Land Hong Kong Land and Wharf belong to the second class, while Hutchison Land will belong to the third class.

When the stock price of Jardine Land Group broke through [-] on the screen in the exchange hall, Meris immediately said excitedly: "Li Sheng, the total market value has exceeded [-] billion, and our group has become another [-] billion-level company in Xiangjiang. "

Li Jianhui was also very happy in his heart. He responded aloud: "This is the trust of the shareholders in us. I hope you will lead the development of the group well and don't let everyone down."

……

(End of this chapter)