The Wealth Empire Crossing the Hong Kong

Chapter 209 Affected Far East Exchange
This round of run turmoil came and went quickly, and the situation completely calmed down in less than a week, but behind this was the loss of the industries that countless small and medium-sized bank founders had worked so hard to build.

It's a pity that the banks have stabilized for the time being, while the stock market is still under fire and ice. Jardine, Swire, Hang Lung, Wheelock Holdings, Whampoa Holdings, Wheelock Land and other major consortia's core industries have reached new highs in market value.

In addition, the stock prices of a large number of listed companies with weak strength and low profitability have continued to fall, causing many companies to become insolvent, especially those companies with high mortgage loans.

The main reason for this situation is that after this turmoil, stockholders are more willing to believe in these powerful and well-known companies, and have sold their shares with low potential and low potential to buy shares in these companies.

As a result, a large amount of funds poured into these companies, while those companies with low reputation and poor performance were ignored, which formed the current state of polarization.

Because many companies are facing bankruptcy and delisting, this is not a small blow to several major exchanges in Hong Kong.

Especially the Far East Exchange, in order to speed up its development and catch up with Xiangjiang Exchange as soon as possible, the Far East Exchange is relatively not too strict in listing review.

This incident also made the Far East Exchange the hardest hit area for the delisting of listed companies. In just three days, five companies were suspended.

In order to boost the confidence of investment institutions and shareholders in the Far East Exchange, Li Fuzhao came to Wheelock Building to visit Li Jianhui on Thursday afternoon.

"Second Uncle, what brought you to my place, please sit down."

After sitting down, Li Fuzhao said with a wry smile: "Jianhui, the second uncle came here to ask for your help. Due to the impact of the Far East Exchange in the past few days, many investors and investment institutions have lost confidence in it, and many of them have been transferred. Went to the Xiangjiang Exchange.

I hope that Jiayi Group, Whampoa Shipping Group, Lane Crawford and Watsons can be listed in advance to help the Far East Exchange gain popularity. "

Li Jianhui has no opinion on the listing time of several companies. The previous plan is more in accordance with the procedures of the Far East Exchange.

However, Li Jianhui still reminded Li Fuzhao that in the future, when reviewing the company's application for listing, strict checks should be carried out to avoid similar situations from happening again.

A good exchange does not depend on the market capitalization of listed companies, it also depends on the development potential of these companies. Only companies that can bring benefits to the majority of shareholders can be sought after by shareholders.

A company with low profits or even frequent losses does not pay dividends every year. Even if it is hyped by institutions, it is difficult to grow.

"Jianhui, the companies that have problems this time are mainly companies listed in the past few years. In those years, there were not many companies in the Far East Exchange, so the requirements were relaxed.

However, in the past two years, we have strengthened the review in this area. After this time, we will also evaluate the companies that have been listed. Some companies that are not strong enough will suspend or even delist them. "

Li Fuzhao did not have the confidence to do this before, but now he is not afraid. Over the years, with Wheelock Land, Hutchison Land, Bank of East Asia, Dao Heng Bank, Cheung Kong, Sun Hung Kai, Henderson, Guanghua Construction, Huaren Land and other With the growth of powerful companies, the Far East Exchange is no longer what it used to be, with only three or two kittens.

And with the continuous growth of the Donghua Consortium's industries, more high-quality companies will be listed on the Far East Exchange in the future, and he does not need to lower the listing standards.

Through the communication between the two, it was finally decided to promote the listing of Huangpu Shipping Group next Wednesday, and in the following three weeks, Jiayi Group, Lane Crawford, and Watsons will be listed in sequence.

Once the listing is completed, there will be 9 listed companies controlled by Li Jianhui on the surface, including Wheelock Holdings, Wheelock Land, Lane Crawford, Watsons, Whampoa Holdings, Whampoa Shipping, Hutchison Real Estate, Taohua Datong, Jiayi Group.

However, the listed companies here are mainly the former Hutchison Whampoa and Wheelock, which were just split up and listed by him. Amoy University was also acquired. Only Jiayi is really not listed.

If you think about it carefully, these companies listed or about to be listed are all acquisitions. They are really the two major groups Huihong and Xinjian built by Li Jianhui brick by brick, and none of them are listed.

"Second Uncle, don't just stare at me, Uncle Lei can also run around, and the Golden Princess Theater is strong enough to go public."

Li Fuzhao said with a smile: "Jianhui, you don't have to worry about it. I contacted Lei Juekun before I came to you. He said that after your funds are used up, the Golden Princess Theater will be listed in Far East Trading. Place."

……

After Li Fuzhao left, Li Jianhui went to Huangpu Building to communicate with the senior management of Huangpu Shipping Group on the listing issue of Huangpu Shipping Group.

Clay Johnson, chairman of the board of directors of Huangpu Holdings and president of Huangpu Shipping Group, also has no problem with allowing Huangpu Shipping Group to land early.

Unlike some companies, it is difficult to find a market maker. With Bank of East Asia, Dao Heng Bank, Wing On Bank, etc., there is no need to worry about this.

Listing review is also not a problem for them, they just need to set a time for listing and ring the bell.

Whampoa Shipping Group does not need any roadshows. Once Jiashi releases the news, a large number of securities companies and shareholders will know when the company will go public.

These people can also be purchased at issue prices in Daoheng, Xinjian, Dongya and now Wing On.

This is different from the subscription lottery in later generations. This is direct purchase, first-served, first-served, and there will be no more after the part that is released is sold out.

At the same time, several major securities departments still have a part, which is prepared for raising the stock price after listing.

With Xinjian Group's influence in Xiangjiang, it only takes one day for external subscriptions. After all, there are not many shares for external subscriptions.

It's a bit embarrassing for Clay to be in this position now. The market value of Hutchison Real Estate exceeds that of Whampoa Holdings, which is the parent company, and he can't manage Hutchison Real Estate as the nominal helm.

The main industry he can manage now is the Whampoa Shipping Group, and there are some companies that Hutchison Whampoa used to have little relationship with these two groups and have not yet been fully integrated.

He hopes that Whampoa Holdings can take advantage of the listing of Whampoa Shipping, and the market value can go up again, so that the total market value of Whampoa Holdings can surpass Hutchison Land again, and at the same time narrow the distance with Wheelock Holdings.

Seeing that everyone had no objections, Li Jianhui said, "In that case, Clay, you need to hold a board meeting tomorrow to settle this matter thoroughly.

At the same time, the latest evaluation of Huangpu Shipping Group will be made, and the listing time and unit price per share will be officially announced next Monday. "

Although this Board of Directors meeting is just a formality in Li Jianhui's mind, what should go is still to go. After all, Clay and others don't know that the other major shareholders are Li Jianhui's little vests, and the major investment companies don't know much about themselves and Huangpu Holdings. group relationship.

As for the Bank of East Asia, Dao Heng Bank, and Wing On Bank, Li Guanghui will personally communicate with them to ensure that there will be no problems with the listing of Huangpu Shipping.

(End of this chapter)