God of Rebirth Trader

Chapter 58 As expected of a turtle

Dong Dong Dong~

"Awei, why should you lock the door in broad daylight?"

"Who's knocking on the door?" Chen Weidong was speechless. He was about to discuss recruiting new people with his third uncle when he was interrupted.

The third uncle walked over and just opened the door. Lin Zeju, who had not seen him for a long time, burst into the office excitedly and kept shouting: "Awei! I have found a suitable shell!

"

"What shell?" The third uncle was confused and did not respond.

"The company, the company wants to go public through a backdoor merger!" Lin Zeju explained, and handed Chen Weidong a stack of detailed information.

"Polaris Television Broadcasting Co., Ltd."

"Good guy, isn't this a TV station? Has it turned into a shell?" Chen Weidong was a little shocked. He remembered that Infinity once saved this company's stock.

"I remember, there were a few very popular female celebrities who were promoted by their TV station. I heard that the champions of this year's Hong Kong beauty pageant were also signed by them." When the third uncle heard the name of this company, his eyes instantly opened.

As soon as it lit up, I remembered a lot of news about them.

"The boss of this company used to pledge his stocks to the bank because he lacked funds for the import and export business. Now he has been affected by the financial crisis, and his upstream and downstream businesses have declined. The stock has plummeted and his position is about to be liquidated, so he is in a hurry.

I need to find someone to take over." Lin Zeju explained softly.

"Good guy, it seems that foreign trade is really difficult to do this year." Chen Weidong frowned and said.

He remembered that the company downstairs used to be a foreign trade company, and its profits were not high. In addition, during that period of time, international hot money was frantically attacking the Japanese yen and Thai baht, which caused the exchange rate to fluctuate greatly, once exceeding 20%.

Before the economic crisis, the boss of that company signed a large order based on the exchange rate at that time. However, when the factory produced the products and prepared them for delivery, they found that the exchange rate had already plummeted. They had worked hard for several months, and finally

The workers can't even earn back their wages, so they can only go bankrupt.

Examples like this are very common throughout Southeast Asia.

"Going public...why is it at this time?"

Chen Weidong kept walking around the office. It was so embarrassing at this juncture.

Infinity Computer Company's financial report is still losing money. If it borrows money from Polaris, a company that has its own debt problems, its listing will definitely be sniped by short sellers.

"Awei, we only need to spend more than 2 billion to fully acquire Polaris. This opportunity is not to be missed!" Lin Zeju advised.

Now the stock price of Polaris has fallen to a very low price. If you buy it now, you can definitely save a lot of money.

"How many shares do their major shareholders hold now?" Chen Weidong asked.

"The total number of people on the board of directors should be about 60%." Lin Zeju thought for a while and said.

"Is it so low?" Chen Weidong was a little dissatisfied. It's not even 70%, and the equity is too dispersed. The remaining 40% of the shares is enough for someone who is interested to do a lot of things.

Because as long as you hold more than 10% of the shares of a listed company, you can request a shareholders' meeting.

If it is owned by a competitor, meetings will be required every three days. Even if it does not affect the company's operations, it will affect your mentality.

"There is no way, the company is relatively old and the equity is dispersed." Lin Zeju explained with some embarrassment.

Polaris is also an established listed company. If we acquire them, it will be of great benefit to Infinity's reputation.

"Are there any other companies?" Chen Weidong asked unwillingly. There are so many companies in the Hong Kong stock market, so we can't stick to one North Star.

"Also, there is a company that is quite interesting, called Tenglong Real Estate." Lin Zeju said.

"What?" The third uncle was startled. He immediately snatched the information from Lin Zeju's hand and looked through it carefully. He was convinced that what was written on it was the "Tenglong Real Estate" he knew.

"Haha." Chen Weidong laughed out loud. What a coincidence.

After reading the information, Chen Weidong realized that it turned out that due to Soros and others' attacks on the Hong Kong dollar, the Hong Kong government continued to raise loan interest rates, and the real estate industry was most affected.

Because those who engage in real estate borrow most of their money from banks, and the interest here is terrifying.

The real estate industry fully explains what is the psychology of retail investors.

When housing prices skyrocketed, countless people borrowed money to buy a house, fearing that they would be late.

But when the market conditions changed and house prices plummeted, people who were ready to buy a house stopped buying.

But the real estate developers owe money to the banks. They are in urgent need of funds and cannot wait to sell the houses in their hands, so they will sell them at a reduced price.

When people look at it, housing prices, which have always been strong, have been falling again and again. Looking horizontally and vertically, there is still a big bubble. There must be lower prices. Let's wait and see for a while.

This makes it more difficult for real estate developers to withdraw funds. Many companies cannot hold on and are directly hit by thunderstorms. Some ongoing projects will also be suspended due to lack of funds.

Therefore, Chen Weidong was not surprised at all when there was a crisis in Tenglong Real Estate.

"Let's forget about this company. It's all been screwed up by Mr. Huo from Tiger Securities." The third uncle said with a strange expression.

"OK, then Polaris is the best choice now?" Chen Weidong looked at Lin Zeju.

"Yes, if you are not busy, we can go to their TV station now." Lin Zeju suggested. At this time, most people at the TV station should not have gotten off work yet, so we can just take a look at their work content.

.

"Okay, let's go take a look together." Chen Weidong nodded. There was nothing going on in the company in the afternoon anyway.

"Why didn't you see Xi'er?" Lin Zeju looked around and said.

"There should be a meeting in the Finance Department on the sixth floor. Let's go over and have a look." After Chen Weidong finished speaking, he walked ahead.

Now Infinite's monthly expenses are very huge. The salary alone costs more than 70 million a month. He is a big taxpayer in Hong Kong.

The company has grown too fast, and many things have not kept up. The finance department has also grown from being managed by Li Xier alone to now having a professional accounting team of more than 40 people.

The three of them took the elevator to the sixth floor and found that the decoration style here was quite interesting. They were all designed by Li Xier. Chen Weidong never bothered with these details, as long as she liked them.

Anyway, he’s not working on the sixth floor, haha.

When I walked to the office area, I found that the booths were all empty and there was no one there.

"It should be in the conference room." Chen Weidong was already familiar with this scene, and then walked towards the conference room.

As soon as they walked to the door of the conference room, they heard Li Xier's crisp voice, which seemed to be saying: "The computer company's accounts need to be checked several times. Labor is not assessed, material consumption is not quotated, and costs are not calculated..."

It’s just a mess…”

"It seems quite professional..." The third uncle and Chen Weidong looked at each other and whispered.

As the third-most educated person among the executives of Infinite Company, he could only understand roughly, but this did not prevent him from seeing how powerful Li Xi'er was.

Really worthy of being a turtle...

Tap the screen to use advanced tools Tip: You can use left and right keyboard keys to browse between chapters.

You'll Also Like