Wolf of Xiangjiang

Noranda and its holding company Eaglebridge suspended trading of their shares on the Toronto Stock Exchange on the afternoon of March 2005, 3, as the two companies announced major decisions the next morning.

On March 3rd, Eastern Time, Canada, Noranda announced a share swap merger with Falconbridge. Noranda will spend 3 billion Canadian dollars to increase its stake in Falconbridge by 30% at a price of 41.24 Canadian dollars per share.

Previously, Noranda owned 58.8% of Eagle Bridge's shares, after which Eagle Bridge became a wholly-owned subsidiary of Noranda.

In fact, Noranda is also a wholly-owned subsidiary of Husky Energy. Because of this acquisition, Husky Energy’s market value soared to more than 400 billion US dollars.

When the news reached Hong Kong, the market value of Wheelock Group also increased significantly.

Wheelock Group also holds a 62% stake in Husky Energy, which is equivalent to assets worth more than HK$2000 billion.

now.

The assets of Wheelock Group are divided into four major parts: energy minerals, shipping terminals, telecommunications and the Internet, and retail trade.

Each part of the assets is enormous.

Shipping terminals: Currently, it has 26 container terminals and a deadweight of 600 million tons (mainly container ships and oil tankers), and is also involved in logistics, aircraft leasing and other businesses.

Telecommunications and Internet: It has invested in telecommunications businesses in more than a dozen countries around the world, acquired the original Hong Kong Telecom, and established Tom.com, etc.

Retail trade: a not-so-weak industry, with a series of assets including Lane Crawford Department Store Group, Lane Crawford Cosmetics Group, Hengchang Trading, OK Convenience Store, RT-Mart Supermarket, etc. The one with the best prospects is of course Lane Crawford Cosmetics Group.

In addition to these four major businesses, Henderson Land Development also has biopharmaceuticals, finance and other businesses, with total assets exceeding 10000 trillion.

In mid-March, the annual Taifook Group financial report conference was held, attracting much attention from global media.

The meeting was held in the large conference hall of Taifook Group, and hundreds of reporters were waiting.

Before the event, some analysts pointed out that Taifook Group's 2004 annual profit would reach more than 100 billion US dollars.

When Lin Zhengjie and the executives of Taifook Group walked into the conference room, everyone suddenly became quiet and aimed their guns at this most talked-about news figure in the world.

"Hello everyone"

"Hello, Mr. Lin"

In the eyes of reporters, Lin Zhengjie is still so charming and full of the spirit of self-improvement. Other wealthy people are already old, but this one is still in his prime.

Next, Lin Zhengjie excitedly announced: "Taifu Group's net profit in 2004 was 820.56 billion Hong Kong dollars (105 billion US dollars), of which overseas profits, Hong Kong profits and mainland profits were divided by business, and real estate development, commercial real estate, hotels and media profits were 138 billion Hong Kong dollars."

The scene was in an uproar!
This profit is simply ideal!
In fact, this is just the normal profit of Taifook Group. If it is a year when Taifook Group sells assets, the profit will be even crazier.

"This year, Taifook Group's profits will be even better, thanks to the growth of the global economy."

Finally, Lin Zhengjie generously told everyone about an opportunity.

Taifook Group has a market value of just over HKD 1 trillion. If you had invested in it 27 years ago, you would have received a 1-fold return. This does not include annual dividends, so the actual return is more than 1 times.

This kind of enterprise is probably only found in the United States, and based on years, there should be no enterprise in the United States that has returned more than 10,000 times in the past 30 years.

Next, He Fangtang, as the financial director, announced the dividend plan of Taifook Group: "Taifook Group will distribute dividends in this period, 1.15 yuan per share, involving funds of 116 billion Hong Kong dollars."

The dividend rate is not particularly high, but Taifook Group pays dividends twice a year, so it may pay out 200 billion this year.

The Lin Zhengjie family (including Lin Jiaxuan and Guan Jiahui) holds a total of 51% of the shares, and can earn tens of billions in dividends alone.

Finally, the reporter asked about the environment.

Reporter A: "Mr. Lin, what do you think about the future development prospects of the global economy and Taifook Group?"

Lin Zhengjie: "The global economy has been warming up since 2003. In terms of cycles, the global economy is still very optimistic in the next few years. It goes without saying that Taifook Development is following the global economy."

It’s been nearly three years at least!
Reporter B: "Mr. Lin, HSBC's profit this year is 118 billion US dollars, and Taifook Group's profit is only 13 billion US dollars less than it. This is a very remarkable achievement. Can you share your success story?"

Lin Zhengjie first said humorously: "We in the Taifook Group also have the Wheelock Group."

Everyone laughed. This young man refused to admit defeat. He implied that in terms of success, the Taifook Group was much more successful than HSBC.

Of course, this is just a joke. Taifook and Wheelock are two different listed companies. In essence, the asset value of Taifook Group also overlaps with Wheelock Group, because Wheelock Group, in which Taifook Group holds a 60% stake, also receives a considerable dividend from Wheelock Group every year.

Lin Zhengjie then formally said;

"Since the mid-80s, my decision-making strategy has been that the company must expand overseas, otherwise the company's future will be limited. In the s, we began to flourish overseas, in the Mainland, and in Hong Kong. Because our Hong Kong business encountered considerable obstacles, we faced a shadow in Hong Kong at that time, fearing that others would say we were a monopoly. This shadow often exists. Although the government has not explicitly stated that you have expanded too much, I can feel that people often say that our scale is too large. In this case, in order to strive for the best returns and solutions for shareholders, we can only expand overseas."

"Of course, I have another worry. What is it? I am worried that people will say that I only invest overseas and relocate my capital. Therefore, our investment in Hong Kong has always been kept within a certain range. This 'range' means that several companies can do similar things. When the government needs them to invest, they must support Hong Kong's development without hesitation."

The Chinese reporters at the scene gave applause.

This is a fact!

In terms of real estate development, Taifook has always been just one of the four major developers in Hong Kong, and it is not the number one in terms of residential supply each year.

In terms of ports, after the acquisition of Modern Terminals, Wheelock Group has become a competitor to International Terminals.

In the telecommunications sector, although Wheelock Group later became the dominant player, it was also because it prevented Singapore Telecom from acquiring Hong Kong Telecom that it initiated the first phase of the acquisition. Moreover, this business did not make money, but instead suffered some losses.

The day.

Taifook Group’s annual report meeting has already been posted on online news platforms, stirring up a wave of public opinion.

As the biggest topic in Hong Kong, Lam Ching-kit and his related companies have always attracted much attention.

"Damn, the one-time dividend is tens of billions, so Lin Zhengjie can get 20 to billion Hong Kong dollars. No wonder he donated billion some time ago, this is the right donation!"

"You earn 20 yuan a year, have you donated or yuan?"

"Can it be the same?"

"How is it different? Have you donated 18,000 yuan?"

“I don’t give a shit.”

Lin Zhengjie doesn't care about public opinion. He doesn't foolishly think that if he stands up to defend himself, everyone will stop hating the rich. Time flies, and it's November in a blink of an eye.

On this day, Yuan Tianfan came to Lin Zhengjie's office.

"Boss, Swiss mining company Xstrata is interested in buying 25% ​​of Noranda Eagle Bridge's shares for $20 billion."

Isn’t Xstrata the company that will be merged with Glencore in the future? The merged company will be called Glencore Xstrata plc, which will become a global commodity trading giant in the future.

Unexpectedly, they targeted 'Noranda Eagle Bridge' owned by Husky Energy.

“How high has the price of copper risen?”

"At $4100 per copper, it is said that the mainland's state-owned copper reserves are preparing to auction off their spot copper. They also claim to have 130 million tons of spot reserves."

Lin Zhengjie laughed and said, "It's a lie. The copper price is no problem at $4500 per ton this year. International speculators will not miss this opportunity."

It turned out that in September this year, traders of the National Copper Reserve were "smart" and "shorted" 9 to 15 tons of copper futures in London, with the short selling price at US$20 per ton.

Last year, the price of copper was only US$2200 per ton. He probably thought the growth was a bit too much, so he planned to short sell copper futures.

Unexpectedly, after the national copper reserves began to be sold, international fund speculators piled up copper futures, and the price soared by $600 per ton in one month. Only two months later, it rose to $2 per ton.

Needless to say, the state copper reserves suffered heavy losses.

At this time, the National Copper Reserve came up with an idea and prepared to auction off the spot goods in its hands on a large scale to suppress the futures copper price.

Yuan Tianfan said curiously: "If the mainland sells a large amount of spot copper, it should be no problem to suppress the price of copper. Unless no one plays with them. They failed to sell, but the international copper price still rose."

Lin Zhengjie smiled and said, "Your guess makes sense. From the Western perspective, the resources needed in the mainland will definitely increase greatly next year and the year after next, and the global economy is so good, so the prices of non-ferrous metals and oil will definitely go up. So if you sell copper, everyone knows that you are suppressing the price of copper, so why would they participate? When you have had enough fun, they will have to import obediently next year and the year after next."

This is the result of having no say!
I'm going to raise the price, and I don't care about your little tricks.

Yuan Tianfan said: "No wonder Switzerland's Strata wants to invest in Noranda Eagle Bridge. It seems that everyone is scrambling for resources."

Lin Zhengjie said confidently: "By the middle of next year, the price of copper should reach US$8000 per ton, and other non-ferrous metals will also rise along with copper. By then, we will consider selling Noranda Eagle Bridge."

"Ok, I see!"

Husky only spent 60 billion US dollars to acquire Noranda, and the debt is in the name of Noranda and has nothing to do with Husky. For example, Xstrata now wants to buy 25% of Noranda Eaglebridge for 20 billion US dollars, which is actually equivalent to valuing Noranda Eaglebridge at 125 billion.

In other words, in just one year, Husky has earned 65 billion US dollars at Noranda Eagle Bridge. Of course, Lin Zhengjie will not be satisfied with this amount of money.

By the middle of next year, Noranda Eagle Bridge will be worth as much as $180 billion.

This year, the international oil price was only US$42 per barrel at the beginning of the year, but now it is US$75 per barrel.

So, Husky is also super profitable at this time.

In the short month that followed, the State Administration of Reserves and Reserves held four spot copper auctions, with each auction starting price getting higher and higher, bringing greater impacts to the market. Among them, the starting price of the third auction was 37140 yuan per ton in Shanghai and Ningbo, but the transaction price of the first batch of 100 tons was 38120 yuan per ton. The auction price was far higher than market expectations. Once the news came out, the prices of Shanghai copper futures and LME copper futures rose rapidly.

At the fourth spot copper auction, 2 tons of copper, accounting for 80% of the total 1.6 tons of auction volume, failed to be sold at a reserve price that was comparable to the market price, causing complaints from participants. Although the State Reserves Bureau claimed that the purpose of selling copper was to meet domestic copper demand and stabilize copper prices, the market was more willing to believe that the State Reserves Bureau's move was to ease the pressure caused by its losses in the futures market.

Since November 11, foreign media have disclosed that Liu Qibing, a trader of the State Administration of Reserves and Reserves of China, sold copper at a price of more than $13 per ton in the copper futures market through LME on-site member SEMPRA, and established a short position of about 3100 to 15 tons. The delivery date of this position was December 20, 2005.

Hengfeng Financial Group Center.

Qiao Baisen, president of Hengjin Investment Development, came to Lin Zhengjie's office.

"Boss, all the oil and copper futures positions for this year have been closed. The oil futures made a profit of 3 million U.S. dollars, and the copper futures made a profit of 8000 million U.S. dollars."

All risky investments are made by Hengjin Investment Development, including Hang Seng Index, Nikkei Index 225, Dow Jones Industrial Index futures contracts, etc.

Lin Zhengjie nodded and said, "Let's wait for the international crude oil price to fall back to $20 before we do it! We can do some more with copper later on. I think $8000 is no problem, but don't be too fussy."

"Understood!"

The two of them already had a tacit understanding, with Lin Zhengjie providing the general strategy and Qiao Baisen responsible for the specific investment operations.

In fact, there are still some difficulties. For example, oil may experience a pullback. After all, Lin Zhengjie cannot be so clear about it.

However, Lin Zhengjie knew that the price of oil might reach 07 US dollars per barrel in 90 and 08 US dollars per barrel in 140. With this information, it was not a problem to make hundreds of millions of dollars every year.

However, it is only November 05 and international crude oil is already at US$11, so Lin Zhengjie said that there will definitely be a correction.

Moreover, crude oil prices are closely related to the international situation, and Hengjin Investment Development also has professional analysis in this regard. Lin Zhengjie will also participate in the analysis of the international situation, which will be used as a reference for investment.

So now think about it, Lin Zhengjie is not developing only by relying on the memories of his previous life. He has so many advisers under him who often summarize various information for him, and he then conducts a comprehensive analysis based on some memories.

In this way, he can make a lot of money every year.

“The Hang Seng Index didn’t make any money this year, did it?”

"It's not bad actually. I made about 5 million, although the Hang Seng Index didn't rise much."

“It seems that everyone’s level is very high.”

"You support us, and we can't lose our own level."

Lin Zhengjie nodded. In the early years, he had indeed planned many investments and everyone just had to follow his orders. But after the 21st century, more and more talents joined the company and the old employees did not leave. Lin Zhengjie simply delegated the power to everyone to invest and he took charge of the general direction.

For example, investing in the Hang Seng Index, Nikkei 225, Dow Jones Industrial Index futures, etc., has been open to everyone in recent years. However, by the end of 2007, he must have asked everyone to close their positions and prepare for short selling.

In this way, even if they lose money, they will definitely make money in the end.

Of course, after all, they are all mature investment teams, so losses are impossible.

To be honest, Lin Zhengjie likes to employ many people. There are hundreds of people working under him with an annual salary of tens of millions, and there are also dozens of people with an annual salary of over 100 million.

There are also people with an annual salary of one million, and I'm afraid there are thousands of them.

Of course, Lin Zhengjie values ​​his subordinates who earn more than 10 million yuan a year the most. These are not only the "core talents" of the Lin family, but also the most loyal ones, because they have a lot of contact with Lin Zhengjie. (End of this chapter)