Hong Kong: Starting with 10 billion

Chapter 83 The season of great harvest!

On September 9, "Lin Shirong" was completely withdrawn from the screen.
Its total box office reached 517 million Hong Kong dollars.
Even with the help of DreamWorks' increasingly mature publicity and promotion methods,
The film still didn’t make a ton of money.

In addition, Fatty Hong’s box office appeal overseas, especially in Japan, is far less than that of his junior brother Jackie Chan.

Therefore, DreamWorks does not expect the film to bring much profit from its overseas distribution.

In November, after half a year of overseas screening,
DreamWorks took back most of the box office revenue, a total of more than 1900 million Hong Kong dollars.

It is 3200 million less than the 1300 million of the first "Drunken Master" and 500 million less than the second "The Kung Fu Master".

When Fang Hexuan saw this data, he no longer had any hope for low-cost pure fighting films.

The audience is tired of it, even the Japanese don't buy it, which is very telling.

It seems that Jackie Chan needs to change the style of his movies next year.

Production costs need to increase, movie scenes need to be more grand, and kung fu moves also need to be innovated.

On December 12, Fang Hexuan and Wanda Real Estate welcomed a major event.

Chen Songqing's Jianing Group invited Wanda to acquire the Golden Gate Building.

In fact, as early as a month ago,
Fang Hexuan quietly purchased shares of a listed company called "Mei Han Enterprise" in the stock market.

1.36 million shares were purchased at an average price of HK$4000, accounting for approximately 13.3% of the company's total share capital.

It’s not that we don’t want to buy more, but the circulating shares are only about 35%.

On December 12, the Jianing Group acquired 3% of the shares of this listed company at RMB 6 per share.

On that day, its stock price was only HK$1.5.

It was a trick used on Fang Hexuan, and Jianing Group also used this method to "go public through a backdoor listing".

He instructed the company to first arrange for the acquisition team to talk slowly with Jianing.

He also met with Chen Songqing in person at the Peninsula Hotel.

"Haha, Mr. Chen is really a business genius. In just two years, he has created a huge family business in Hong Kong."

"No, no, I'm ashamed. Compared to Fang Sheng, I really think the saying 'the waves behind push the waves ahead' is absolutely true."

"Mr. Chen's words make me feel even more ashamed. Mr. Fang's Jianing Group now has dozens of subsidiaries. Its scale and ambition are far greater than Wanda and DreamWorks."

"Haha, they are just some small companies that are not worthy of being on the stage!"

"Mr. Chen, the Golden Gate Building can be sold to the Jianing Group. I can offer a better price, and I can even make concessions on the issue of installment repayment."

"Oh? Then I wonder what conditions Fang Sheng has?"

"Nothing. I have a cousin named Fang Jinpeng. He is also interested in some of your group's businesses. I think there should be room for cooperation between you two."

"."

"Mr. Chen, don't get me wrong. I'm not asking you to cut your losses. We should cooperate with each other. This is business, so we should do what we should do!"

"Okay, we can meet some other time. My business partners are from all walks of life. In principle, I welcome equal partnerships."

"Haha, thank you very much, Mr. Chen."

······
1979 year 12 month 31 day,
The share price of "Mei Han Enterprise", which was actually acquired by the Jianing Group, has soared to HK$5.6.

The shares that Fang Hexuan bought for HK$11 million in November have now risen to HK$5440 million.
The returns exceeded 4 times.

Fang Hexuan is very grateful for Chen Songqing's generosity!

On January 1980, 1, Jianing Group and Wanda Real Estate reached a cooperation agreement.
It will invest HK$9.8 million to acquire the Golden Gate Building.

This is 9.98 million Hong Kong dollars less than the original historical amount of 1800 million.

On the issue of payment, Fang Hexuan also made concessions, with a down payment of 20% and the remaining balance to be repaid gradually within two years.

But Fang Hexuan requested to add a special clause to the contract:

If Carrian fails to pay the amount within the deadline,

Then, Wanda Real Estate has the right to buy back the Golden Gate Building at 70% of the contract price.

Chen Songqing had some doubts about this.
But Fang Hexuan told him that this was just in case.

"I still believe in the strength of the Jianing Group and I believe that you will not encounter such a situation!" On the same day, after the Jianing Group announced the successful acquisition of the Golden Gate Building,

Meihan's share price rose to HK$5.9 again.

In just ten days, Fang Hexuan earned 1200 million Hong Kong dollars.

Thanks again to Chen Songqing!
······
It was the last day of 1979.
On that day, the international gold price had risen to US$512 per ounce.

The domestic inflation rate in the United States has reached 12.6%.

By January 1980, 1, the price of gold had risen to $3.

At this time, even a fool would know that gold is an absolute treasure.
Buy more and you earn more, buy less and you lose money.

The US government has the same idea.

As the international gold price continues to rise,
Selling gold to individuals or institutions means giving away the profits that are about to be made.

So, on January 1980, 1,
US Treasury Secretary Miller publicly announced that the Treasury Department would no longer sell gold to foreign countries.
As soon as this statement was issued, the whole United States was in an uproar.

The gold futures market on Wall Street was the first to react violently.

Less than 30 minutes after Miller issued his statement,

The international gold price surged by $30 to $715.

On the second day, January 1, the price of gold continued to rise to $16.

Five days later, on January 1,
Global gold prices hit an all-time high of $850.

During this month, investors who were paying attention to the rising and falling trends of gold went completely crazy.

Everyone is rushing into the gold market. Three words: buy, buy, buy!
On January 1, Fang Hexuan began to instruct HSBC to sell all gold futures contracts in his account.

On January 1, all of his gold was sold out at a speed that was astonishing.

The average selling price was $845 per ounce.

The manager of HSBC's investment department looked at Fang Hexuan in shock, hoping that he could give some advice.

Fang Hexuan shrugged and said:
"It's already the highest point, it's time to sell!"

HSBC acted immediately and urgently sold all the gold futures it had.

After 20 months of hard wait, Fang Hexuan's efforts finally came to fruition.

This is a long investment.

From the initial price of $173 to the current price of $845,

After two more magical operations in the middle,

Fang Hexuan's original futures contract of 40 billion Hong Kong dollars now earns him 276.43 billion Hong Kong dollars.

Deduct 32 billion leverage funds and all funds borrowed from HSBC and interest.

Fang Hexuan's assets at HSBC now exceed HK$230 billion.

Now, he is truly like a roc spreading its wings and a dragon flying through the sky.
You can now freely pursue your ambitions.

Shen Bi listened to the report from the investment manager.

I took a deep breath of cold air.

230 billion Hong Kong dollars, pure cash. No one and no company in Hong Kong can come up with so much cash.

Even the total assets of many British financial groups are not as high as this.

Then I looked at HSBC's revenue this time - HK$82 billion.

This is the profit after deducting the principal.

This guy is more like the God of Wealth of Hong Kong than HSBC!

　Thanks to 20230805665_Ac for the recommendation!

(End of this chapter)