Hong Kong: Starting with 10 billion

Chapter 62 Backdoor Listing
There is a question on Huhu: "What is China's greatest cultural export?"

Thousands of answers below.
The answer with the highest number of likes is -

Jackie Chan!

The answerer begins by saying:

“I played on foreign servers and got to know a lot of foreigners.

Age, from 16 to 45.

Latitude, from Liverpool to Rio de Janeiro.

Gender, from male to female, and then from male to female.

Occupations range from hentai painter to ocean-going fishing vessel crew member.

All kinds of people.

Every time we chat, I try to spark their interest in Chinese culture consciously or unconsciously.

However, I find that most people know nothing about China.

Some people say that his favorite Chinese food is sushi.

Some people say that the Chinese city they most want to visit is Singapore.

Someone said that his favorite Chinese animation is Ghost in the Shell.

……

In short, they get everything wrong that you would think should be common sense.

Except for one person: Jacky Chan.

Thanks to Jackie Chan for saving me from countless awkward conversations."

The answerer also explained why Jackie Chan’s movies are so popular all over the world.

The reason is that in addition to the two eye-catching elements of Kung Fu and comedy,

There is another very important factor - figure.

Body posture is a concept in opera.

It's not just body language, it's also about the verve and rhythm of the movements.

Jackie Chan, who was born as a Peking Opera martial artist, almost all of his kung fu moves in the movies are very precise.

Once this rhythmic Peking Opera movement is incorporated into the film editing,
It will bring a strong dramatic appeal.

This is also the reason why many people want to learn Jackie Chan's kung fu comedy, but often end up trying to draw a tiger but end up drawing a dog.

"Drunken Master" ranked second in the Hong Kong movie box office chart in 1978.

In addition to the superb action design level that Yuan Heping has already demonstrated,
Jackie Chan also figured out how to combine comedy elements and unique body movements.

It can be said that without either of them, the movie would be much less interesting.

Fang Hexuan attaches great importance to this film.
Not only did he let You Bingwen participate in the production of the crew,

A budget of HK$150 million was also allocated for the entire film.

This amount of money is already a luxury for a movie that does not need to go through multiple scenes.

The crew basically only filmed at the Shaw Brothers Studio, and a few exterior scenes could be shot in any open mountain forest in Hong Kong.

In short, with a sufficient budget and strong troops, Fang Hexuan basically doesn't have to worry about anything.

In early July, Susan Chow led ATV to launch the "July Offensive".
Trying to increase the show's ratings under siege from two other TV stations.

But a lot of money was spent, but the effect was mediocre.

Fang Hexuan estimated that Suk-yee Chow is not far from stepping down, and the several generals she brought out from TVB may also face the dilemma of unemployment.

He sent invitations to several people again and waited for the results to come.

There was another thing that Fang Hexuan had to pay attention to.

In mid-July, the newly established Jianing Group extended invitations to its peers in the industry to attend its opening ceremony.

Fang Hexuan's Wanda Real Estate was also among the invited guests.

"The demon beast Chen Songqing is finally coming out of the cage."

He complained in his mind.

At the same time, I felt very emotional.

This is a genius, but unfortunately he lacks luck.

If the real estate market had not been in a downturn in 1982, Chen Songqing might have been able to maneuver and get enough funds to fill the hole. His execution and adventurous spirit alone are better than many mediocre people in the world.

He did not attend in person, but asked Wanda executives to deliver a gift and condolence money on his behalf.

In addition, a letter from Fang Hexuan was also brought along.

In the letter, he praised Chen Songqing's business talents and the success of the Jianing Group without asking for any money.

Finally, he emphasized that Wanda Real Estate upholds the spirit of openness and cooperation, and looks forward to the possibility of cooperation with Mr. Chen and the Jianing Group in the near future.

Chen Songqing looked at the wording in the letter, then recalled the investigation data on Wanda Real Estate, frowned slightly and thought.

……

Fang Hexuan casually placed a chess piece and no longer cared about the matter.

He has more important things to do next.

DreamWorks Pictures' first film can be expected to have a strong opening.

Fang Hexuan can't waste such a good opportunity.

He now needs to find a shell for DreamWorks so that it can go public through a backdoor listing without having to wait three years and go through complicated procedures.

The stocks of these "shell companies" are often junk stocks in the stock market.

They generally have characteristics such as poor performance, small market value, low trading volume, highly concentrated equity, frequent capital operations, no dividends throughout the year, and inexplicable surges and plunges.

Hong Kong people call this kind of stock "penny stock".

Moreover, their share prices are often less than one Hong Kong dollar, and the market value of the entire listed company may be only tens of millions of Hong Kong dollars.

The reason why stock exchanges allow such junk stocks to continue to exist is that
This is also because this kind of stock has a very important value - selling the shell.

Today, Hong Kong is still divided into four stock exchanges.
There are more than 150 listed companies.

Among them, more than 60 have become "penny stocks".

After several days of selection, Fang Hexuan finally set his sights on a listed company called "Dahuang Toys".

The first-generation founder of this toy company, Huang Guoxiang, has passed away. The current boss is Huang Pinyuan, who belongs to the second generation of the factory.

When Dahuang Toys was first listed in 1970, its stock price was still a hot stock and the company's products were exported to Europe and the United States.

Later, the founder was gone, and the company's new product development and product quality lagged far behind other peers in Hong Kong.

Its original market share was gradually taken away.

Today, the company's export orders are barely surviving.

As the second generation, Huang Pinyuan was highly expected by his father and was sent to study business in the UK.

Unexpectedly, this second-generation factory worker is a literary youth at heart. He was obsessed with British drama in the UK and had no interest in business.

Just like that, the performance of the Dahuang Toy Company handed over to him plummeted and the company's stock became junk stock.

Fang Hexuan contacted this person through an elder in Ningbo who made toys, and invited him to have afternoon tea.

The talks started straight to the point, and Fang Hexuan directly put forward his chips.

The current share price of Dahuang Toys is HK$0.47 per share, with a total market value of HK$3995 million.

Huang Pinyuan, as the largest shareholder, currently holds 72% of the shares.

Fang Hexuan acquired 0.6% of his shares at HK$65 per share, totaling HK$3315 million.

But Fang Hexuan did not give the money directly, but exchanged it for shares of Wanda Real Estate and DreamWorks.

Huang Pinyuan obtained 4% of Wanda shares and 5% of DreamWorks shares.

Fang Hexuan asked his lawyer to show the valuation of Golden Gate Building. The 4% stake alone was worth 3200 million Hong Kong dollars.

After Huang Pinyuan asked his lawyer to look over it carefully, he had already agreed to the deal in his heart.

However, he still prefers DreamWorks.

The name sounds very literary and very much in line with Huang Pinyuan's taste.

From now on, he will no longer be called "factory boss".

From then on, he became a shareholder of a Hong Kong real estate company and a film company.

　Thanks to Tiandaochouqin_cd, Feixiang Feicui and Yijidao for their recommendations!

(End of this chapter)