Rebirth: The Era of Hong Kong Tycoon

Chapter 180 [Spring Festival]

Time flies, and it is the Spring Festival of the year again in a blink of an eye.

February 1973, 2, the New Year's Eve.

Lin Rongheng was alone in the study, thinking about his career prospects.

Lin Rongheng's stock cashing has ended in mid-January, and the three companies have cashed out a total of 1 billion Hong Kong dollars, which is 20 million Hong Kong dollars less than the original plan.

Evergrande Real Estate: Lin Rongheng cashed out 2760 million shares, with an average cash price of HK$58 per share, totaling HK$16 billion in cash; currently, Lin Rongheng holds 1870 million shares of Evergrande Real Estate, with a total share capital of 7980 million shares. Lin Rongheng's shareholding ratio At present, the price per share of Evergrande Real Estate is 23.5 Hong Kong dollars per share, with a total market value of 63.5 billion Hong Kong dollars, which is second to Hongkong Land’s market capitalization of 50.6 billion Hong Kong dollars; the reason for the widening gap is naturally because Landmark has absorbed the milk company. Market value soared.

Modern Newspaper: Lin Rongheng has cashed out 1210 million shares, with an average cash price of HK$14.3 per share, and a total of HK$1.72 million in cash; currently, Lin Rongheng holds 1415 million shares of Modern Newspaper, with a total share capital of 5500 million shares, and Lin Rongheng’s shareholding ratio is 25.8 %; currently, the price per share of Modern Newspaper is 15.1 Hong Kong dollars per share, with a total market value of 8.3 million Hong Kong dollars; the total market value of Modern Newspaper is already higher than that of Sing Tao Newspaper by nearly [-] million Hong Kong dollars, mainly because Modern Newspaper established Modern News Agency, and Acquired several Southeast Asian newspapers.

Universal Pictures: Lin Rongheng cashed out 1350 million shares, with an average cash price of HK$17.1 per share, and a total cash of HK$2.3 million; currently, Lin Rongheng holds 1350 million shares of Universal Pictures, with a total share capital of 4400 million shares, and Lin Rongheng's shareholding ratio is 30.7 %; At present, the price per share of Universal Pictures is 22 Hong Kong dollars per share, with a total market value of 9.68 million Hong Kong dollars.The reason why the market value is so high is due to the influence of Bruce Lee’s "Enter the Dragon" at the box office in the United States. This movie has only been released in the United States for 21 days, and it has won a box office of 2100 million US dollars; Universal Pictures, as the largest investor, is expected to earn 500 million US dollars. The return in US dollars, the net profit in the United States alone is as high as 300 million US dollars.

Lin Rongheng cashed out a total of 20 billion Hong Kong dollars, of which 16 billion Hong Kong dollars was used to pay Barclays Bank, UBS, Credit Suisse, three banks, HSBC, and four banks for gold purchases; plus the previous payment of 4 million Hong Kong dollars to HSBC , Lin Rongheng spent a total of 20 billion Hong Kong dollars for the purchase of gold.

Including the 20 billion Hong Kong dollars in loans from these four banks, Lin Rongheng holds a total of 40 billion Hong Kong dollars in gold, and completed the purchase by the end of January.

Including commissions and vault rental fees, Lin Rongheng's gold cost price is US$67.5 per ounce, which is 64.6% higher than the market price of US$4.5 per ounce.

Of course, this has not calculated the bank loan interest!

At this time, Lin Rongheng had 4 million Hong Kong dollars in cash lying in his account, and Galaxy Securities still had 6000 million Hong Kong dollars worth of stocks; as for the loan, Lin Rongheng had already paid off his personal loan.

The shares held by Evergrande Real Estate have not been sold yet, and the current value has exceeded 2.5 million Hong Kong dollars. Lin Rongheng plans to slowly close the position on the first day of the new year, that is, February 2.

Since the Hang Seng Index is only 1250 points, there is still a distance of 1750 points from 500 points; it is still a month away from mid-March; the liquidation should not be so violent, so as not to arouse the vigilance of the market.

After the stock market crash, Lin Rongheng personally held about 4.6 million Hong Kong dollars of funds, which were mainly used for bottom-hunting activities in the stock market and real estate in 1974; among them, stock bottom-buying accounted for most of the funds, and the bottom-buying stocks were the stocks of the company he would buy in the future , such as Qingzhou Yingclay, Hongkong Electric, Wharf, Hongkong Tramways, Hongkong Land and other British-funded companies; there is also the increase in the shares of the three companies under its own, at least to 51%.

As for real estate bottom hunting, if personal bottom hunting funds are not enough, it can only be solved through loans; the main thing is that Evergrande Real Estate’s 5 million Hong Kong dollars in cash flow is used for bottom hunting real estate, and the reconstruction of commercial buildings is all solved by loans, return of funds, and rent.

The modern newspaper industry has developed very rapidly recently. In addition to preparing for the modern news agency, it has also acquired several Southeast Asian Chinese newspapers, increasing its influence in Southeast Asia; There are 8000 million Hong Kong dollars), these funds will not only continue to invest in Hyundai News Agency, but also spend almost 1 million Hong Kong dollars to buy real estate.

It seems that 6000 million Hong Kong dollars is a lot, but in fact the decline in the beautiful commercial land/old buildings is very small. For example: Li Chaoren in his previous life issued 1974 million new shares at 1700 Hong Kong dollars per share in 6 before he successfully acquired Li Jing Building and Universal Building (this I, Lin Rongheng only spent 1970 million Hong Kong dollars in 3200); this shows that an old building in Central with an area of ​​about 3 square feet is still worth more than 5000 million Hong Kong dollars.If it weren't for the stock market crash and the oil crisis, others would not even sell such high-quality assets.

For the news building of modern newspaper industry, Lin Rongheng plans to choose Causeway Bay. It is estimated that the value of an old building in Causeway Bay is also around 4000 million Hong Kong dollars.The remaining 2000 million Hong Kong dollars of Modern Newspaper will naturally continue to invest in real estate.

Universal Pictures also raised 1 million Hong Kong dollars from the stock market one after another, of which 5000 million Hong Kong dollars was used to acquire 80% of the shares of Cathay Pacific’s theaters in Southeast Asia, and the other 5000 million Hong Kong dollars were naturally still in the account and planned to continue to invest in theaters ( including property).In 1972, Universal Pictures had a net profit of nearly 3500 million Hong Kong dollars for the year, perhaps twice as much as that of Shaw Brothers films; this is not counting the 1973 million Hong Kong dollars in box office revenue in January this year (1).

Both Modern Newspaper and Universal Pictures have no loans, and they can use loans to develop themselves or participate in real estate investment in the later stage.

In addition to these three listed companies, Modern Publishing House, Yonghui Company, and Café de Coral are also developing well.
Modern Publishing House's "Miyin Manke" has sold 4 copies in China, and has acquired a 49% stake in a Japanese publishing house. Potential, but also profitable.

Yonghui’s first supermarket opened on New Year’s Day, with a turnover of 300 million Hong Kong dollars and a profit of about 24 Hong Kong dollars in the first month, which can be said to be a great success; and 7-ELEVEn convenience stores have opened 28 stores , and further occupied the retail market.

As for Café de Coral, it has also opened 12 stores, with an annual profitability of more than 300 million Hong Kong dollars.

Just when Lin Rongheng was about to finish his work, the door of the study was opened, and it was his wife An Qi.

"It's getting late, it's time to rest!" An Qi said softly.

Lin Rongheng got up, stretched himself, then stepped forward to hug An Qi, and said, "It's too early to rest, I haven't done my homework yet!"

After finishing speaking, Lin Rongheng began to climb to the top, planning to have an in-depth exchange in the study!

As for Annie, I believe that when An Qi doesn't return to the bedroom, she will take the initiative to deliver it to her door and put on a wonderful show of one dragon and two phoenixes.

(End of this chapter)