Hong Kong's new giants

Chapter 17 [Paramount Company]

Taking advantage of being lazy on Friday, Lin Zuhui came to the foreign exchange department of HSBC Bank and deposited 70 Hong Kong dollars into the foreign exchange account.

Li Hongming, the account manager, received him in the office. Li Hongming felt that Lin Zuhui was quite mysterious, and he was very calm in his work at a young age. Could it be the young master of which family?

Lin Zuhui didn't care about Li Hongming's thoughts either. By drawing the USD/JPY curve chart by hand, he found that he was about to seize that opportunity.

It turns out that the USD/JPY rose to 249 points this week, and then began to fall, and it is now 247 points; according to his prediction, it will be a buying point in two weeks, which means that it may fall to 241 points in two weeks .

Calculating the time, it should be the first ten days of November, so it will be completely smooth.

Starting from around 11 points in early November, it climbed towards the highest value of the yen in the next forty years, and then reached 241 points.

"Lin Sheng, do you need me to help you pay attention to the position, so that I can notify you at any time?"

Lin Zuhui shook his head and said, "I'll watch it for a while, after all, I haven't done foreign exchange before!"

"It makes sense! In fact, Lin Sheng can consider reducing the leverage, and the risk is also small."

"That's not necessary! I like to be clean and tidy, and I generally don't operate frequently. Because I believe that not every time you get lucky, you don't feel good every time you invest."

After the two chatted for a while, Lin Zuhui got up and said goodbye, leaving Li Hongming with an incomprehensible expression.

"Could it be a master?"

Back in the office building, Fang Jin approached Lin Zuhui and said, "Boss, is there really no problem with this? According to the general procedure, we at least have to hire a professional lawyer team, evaluation agency, and financial team to join our team. In case What’s wrong with Paramount’s company, if we don’t offend others, we’re afraid we’ll still be in trouble!”

Of course Lin Zuhui knew this, but he wanted nothing but a white wolf.

In other words, he will not take the risk of hiring a fourth-party agency (the third party of Great Wisdom) before receiving the buyer's deposit.He was worried that this business was not suitable for him and Fang Jin, but the lawyer, appraisal, and financial expenses had already been incurred, so wouldn't it be a loss of hundreds of thousands in vain.

Of course, he is not taking risks, because he knows that there is no problem with Paramount, and there is absolutely no problem with backdoor listing.Historically, after Zheng Jinghan introduced "Playboy" in 1986 and founded his own "Sunday Series" weekly magazine, he backdoored Paramount and went public that year, and later built Paramount Group.Before that, Zhan Peizhong should have cultivated the shell of Paramount, a listed company, and then sold it to Zheng Jinghan at a high price, with a profit of tens of millions.

Based on such an answer, he can first find a buyer, and after the buyer pays the deposit, Great Wisdom will hire a lawyer, an audit team, and a financial team.

In short, great wisdom without capital can only be fooled!
But even if he doesn't have the foresight, it's the same operation.At most, after the buyer has paid the deposit, he can hire a fourth-party agency. If there is a problem with Paramount, he can search for the shell again or make a remedy.

"Don't worry! There is no problem with Paramount, we will talk about those after we get the deposit. Besides, we don't have a team, so let's make do with it!"

Fang Jin nodded. In fact, he also felt that the hope of success was very high, especially since the confidence of the boss had also been passed on to him.

Since Fang Jin was so worried, Lin Zuhui decided not to procrastinate, and said, "Go and make an appointment with the major shareholder of Paramount, and then we two will persuade him to sell the shares and introduce a new owner!"

Fang Jin was surprised for a moment, saw Lin Zuhui's confident expression, and said again: "Boss, teach me how to persuade others!"

Lin Zuhui nodded. After all, Fang Jin was the main force in the negotiation. He was very talkative, and what he lacked was creativity and ideas.

And Lin Zuhui himself doesn't want to get too much limelight, he is only 2 years old in 19 months.

And it is conceivable that after this business is completed, the fame of Great Wisdom will definitely be a resounding slogan in Xiangjiang; many business tycoons will pay attention, so the stock market can still play like this?

After talking with Fang Jin for a while, his eyes became brighter the more he listened, and finally he couldn't help being amazed.

"Boss, you are such a genius! With this method of persuasion, it is impossible for the major shareholders of Paramount not to agree!"

Lin Zuhui nodded confidently!
Of course, this move of mine can not only make the current major shareholders a lot of money, but also allow new shareholders to buy in at the lowest price, which can be said to kill two birds with one stone.

In this kind of transaction, there are many difficulties. As long as you do not do a good job on one side, it is very likely to wait a few years or fail.

For example, if ordinary people go directly to the major shareholder of Paramount and say: I want to buy the Paramount stock in your hand.

The major shareholder of Paramount would say: "Okay, take the 40% premium!"

Or others say: "I have feelings for this company, and I want to get some shares!"

The first answer is that the buyer will pay more for nothing. What is the difference between that and an acquisition?Moreover, that kind of acquisition method is inconvenient to reorganize assets and inject assets. To put it bluntly, there is no shell.

The second answer is that the seller also wants to keep some shares, or even become a second shareholder; if the sale is too small, the new shareholder will not be able to become a major shareholder; if the sale is too much, the seller will not be happy.

Therefore, the preciousness of Lin Zuhui's previous life experience came out, because he had the best of both worlds.

Paramount is a company listed in 1972. It was called Paramount Restaurant at that time. At that time, the listing conditions were loose. As long as it had 2000 million assets, it could be easily listed by donating some shares to the directors of the exchange.

Because of this, Heung Kong listed a total of 93 companies that year, while there were only a little over 100 listed companies before, nearly doubling the size of the entire market.

Next is the 'big stock market crash', the Hong Kong government has also strengthened the difficulty of listing and strengthened the management of the securities market.

The chairman of Paramount, Xu Youzhi, is a little old man in his 50s. He was so high-spirited back then. After the listing, he used the 2000 million funds raised to continue investing in catering, so he escaped the stock market crash and real estate crash, and made a contribution to the later company. The foundation was laid for development.

But in 1976, when the real estate market boomed again, Xu Youzhi could no longer control it; after all, every company was investing in real estate, and he was no exception, and the investment was crazy; Paramount became a The investment company was also powerful in the past few years. The company's net assets once reached 3 million Hong Kong dollars and its market value was 5 million Hong Kong dollars.

As a result, no matter how high you climb, you will fall as hard as you fall.

In 1982, when the Sino-British negotiations started, real estate plummeted, and then Paramount was forced by the bank to sell the property at a low price that was bought back at a high price.I thought it was a year of real estate slump, but I didn't expect Paramount to be on the verge of liquidation after two years of recovery.

The pretty little secretary walked into the chairman's office with coquettish model steps, and said softly, "Chairman, the two bosses of Great Wisdom Investment Company have come!"

Xu Youzhi originally wanted to flirt with the little secretary, but when he heard 'Great Wisdom Investment Company', he immediately lost his mood.

"Take them to the meeting room, the general manager and I will be here soon!"

It's a good thing if a fool buys it at a high price!
Today's Paramount's catering business is sluggish, and there are still some valuable properties, but now the real estate is sluggish, and the banks are still forcing them to pay back the money; so for a long time, Paramount's stock has been running at a few cents, and now it has been at six cents. Lie down and don't move.

If the premium is higher, you can sell it by yourself, so you can retire, and you can take a trip abroad with your secretary to relax.

(End of this chapter)