Rise up Hong Kong! Build a super wealthy Zhuang family
Chapter 23 Dingsheng Company
Half a month later.
The Global Electronics Company on the first floor of the Chinese Bank Building on Nathan Road is changing its sign.
"Chairman, what do you think of this sign?"
"Yes! Very good." Zhuang Rongxu nodded with satisfaction and looked at the big characters on the signboard, which made him particularly excited. After all, this was his first company.
The name of the company "Dingsheng Group" was chosen by Zhuang Rongxu himself, which means (spring and autumn prosperity), which means that his company is prosperous, young and vigorous, and it will go on the road to prosperity.
Half a month ago, with the help of HSBC, Zhuang Rongxu finally reached a deal with Hu Xiaoqing, asking for US$3.5 million. When it came to the transaction price, he took over 51% of his shares for US$2.5 million.
In addition, after Hu Xiaoqing contacted other shareholders of Universal, he spent close to US$3 million to repurchase all the shares of other shareholders of the company.
This time he spent a total of 5.5 million U.S. dollars, which was about 35 million Hong Kong dollars converted into Hong Kong dollars, and obtained 100% of the equity of Universal Electronics.
Zhuang Rongxu thought it was worth spending HK$35 million to acquire this company.
Although the company was not large in scale, it was well-equipped and he accepted that it could be run directly.
The most important thing is that the conditions of this company are very suitable for what Zhuang Rongxu needs, whether it is business industry, talents, or other things.
After he took over the company, he also immediately started to make rectifications and deal with the company's core management personnel. He would let him go if he should be let go, or he would train those who were worthy of training.
The company has a new boss, so it is normal for a new generation of ministers to appear.
At the same time, Zhuang Rongxu also fulfilled what he had said to Yamamoto. Zhuang Rongxu borrowed another 10 million Hong Kong dollars from HSBC and invested 5 million into the scientific research laboratory to expand the scale and purchase new equipment for Yamamoto.
This made Yamamoto very happy, and also made other R\u0026D staff full of hope for the future, because of course they were happy to have a boss who was very supportive of the research laboratory.
Zhuang Rongxu really attaches great importance to the development of the research laboratory. He knows the future direction, and the research laboratory will be an absolutely indispensable department for him in the future.
Of course he was willing to invest money in it.
What's more, the projects he needs to enter now also need these researchers to complete. If he doesn't vigorously develop the research laboratory, how can he develop good products?
As the saying goes, if you don't make a small fortune, you can't make a big fortune.
Now that Universal Electronics has changed its name to Dingsheng Electronics, Zhuang Rongxu has also applied for delisting and liquidation. After he integrates, he may consider continuing to list the company.
But everything depends on the situation.
"Chairman, Mr. Yamamoto is looking for you. He is waiting for you in the office now."
"Okay, you guys get busy, let me see what Yamamoto wants from me?" Zhuang Rongxu said and turned to leave.
For the laboratory, Zhuang Rongxu had told Yamamoto his thoughts two days earlier to see if they were capable of producing a second-generation Walkman.
If not, Zhuang Rongxu can only continue to look for new technicians. He does not support people who are willing to work.
After arriving at the office, Yamamoto and Inada were waiting in his office.
"What, you two have something to do with me?"
"Hey! Chairman, after several days of discussion on the product you proposed before, we are very sure that we are capable of developing it."
"Really?"
"Hey! We promise we can get the job done."
"Haha, that's great. If you need any support from the company, just tell me."
"Chairman, this is what the laboratory needs. I have made a list."
"In addition, I hope that the laboratory can be managed independently, and the current location of the laboratory is not large enough. If possible, it would be appropriate to double the current location, which will make it more convenient for us to conduct experiments."
"Yamamoto, I will find a way to expand the laboratory. Let's stay here for now. Then we will transfer the laboratory to the factory and make the laboratory a base alone. The laboratory is very important to me." Zhuang Rongxu said straightforwardly.
"Chairman, is it true?"
"Of course, Yamamoto, as long as you have the ability, then I don't mind leaving the entire experimental base to you to take care of in the future. Don't let me down."
"Hey! Chairman, don't worry, I won't let you down." Yamamoto responded excitedly.
"Go ahead and develop the products I offer as soon as possible, and apply for whatever you need."
"Hey! Goodbye, Chairman."
After Yamamoto and the others left, Zhuang Rongxu sat on the boss's chair and thought about things. He also needed to start planning how the company would develop next.
After thinking for a while, Zhuang Rongxu took out a business card from the cabinet and dialed the number on it: "Dudududu!!!"
Not a moment.
"Hello, I'm Brett."
"Hello Mr. Brett, my name is Rongxu Zhuang. You may not know me, but are you at Huaqi Bank? I have some business I want to talk to you about."
"Rongxu Zhuang, who introduced you as a customer?" the person on the phone asked.
The person Zhuang Rongxu contacted this time was Brett, the manager of the financial investment department of Huaqi Bank.
Zhuang Rongxu has to prepare his next plan.
"No! I got your contact information through someone at the exchange. Can I go to the bank to find you now? There are some things I need to interview."
"OK, I'll wait for you at the bank."
"Thank you! See you later."
After communicating with the person on the phone, he stood up, walked to the safe and took out a bag of information, then left the office and drove to Hong Kong Island.
It is now more than October 1979, and the oil futures he purchased in New York have increased from the $14 he originally purchased to the current $33/barrel, more than doubling in price.
This means that as long as Zhuang Rongxu's contract time is up, he can make delivery at any time and earn more than double the principal investment.
With an investment of 100 million Hong Kong dollars, Zhuang Rongxu has now earned at least more than 200 million Hong Kong dollars. This not only made him excited, but also shocked him when news of this came to HSBC Bank Chief Executive Shen Bi.
Of course, he has also researched the affairs of the Middle East oil countries, but because the risks are not low, HSBC Shen Bi did not let the bank participate in oil matters.
Now that the price of oil has more than doubled, how can this not cause Shen Bi to pay extra attention?
If he had been bolder when HSBC participated in the investment, then HSBC would have succeeded in investing now, and he would have added another honor to his resume during his tenure.
It really made him feel very sorry.
Soon Zhuang Rongxu came to Huaqi Bank.
"Hello, are you Mr. Rongxu Zhuang?" As soon as he walked into the entrance of the Huaqi Bank headquarters, a charming foreign woman came over and asked him.
"Yes, you are?"
"Sir Zhuang, welcome to Huaqi Bank. Manager Brett is waiting for you inside. Please come this way."
Upon hearing this, Zhuang Rongxu knew her identity, nodded to her and said: "Thank you!!!"
The purpose of Zhuang Rongxu's visit to Huaqi Bank this time was to get a loan. Since the oil he owns in New York is worth a lot, he wants to mortgage another huge sum of money at Huaqi Bank.
carry out his second plan.
Towards the end of 1979, the struggle between Chinese and British capital in Hong Kong slowly began to heat up.
How could Zhuang Rongxu not take part in such a good opportunity to make a fortune or create more opportunities so that he could get greater benefits from it.
The reason why he didn't get a mortgage loan from HSBC was because he couldn't let HSBC know about his next plan.
Once he knows, he may suffer a lot of losses, and he may even have to let go of the plan in advance due to feelings and pressure.
Therefore, he didn't want HSBC to know about this plan, so he came over and chose Huaqi Bank.
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