Rebirth, I am the most powerful business tycoon

Continuous mergers and acquisitions, only Jiang Feng has this strength, others really can’t afford it.

In order to avoid a break in the capital chain, Jiang Feng decided to reduce his shares in Master Kong.

Previously, Tingyi Group spent tens of billions to repurchase about 5% of its shares, which is equivalent to approximately 120 million Tingyi shares.

These 120 million shares have not been cancelled, nor have they been circulated to the market. Instead, they are used as”treasury shares” to play an anti-takeover role when necessary.

What are treasury stocks?

Treasury stocks refer to stocks that the company has repurchased and stored in the company, but have not yet been canceled or resold. Doing so can reduce the total number of issued shares on the market. Since circulation is reduced, the value of each share becomes greater. Therefore, often when a company announces that it will ban the repurchased shares as ‘treasury shares’, it will increase the company’s stock price.

In fact, this is also true.

After Master Kong Group announced that the treasury shares repurchased by tens of billions will be used as”treasury shares,” Master Kong’s stock price rose by 12% that day, and rose again by 7% the next day!

At this time, the market value of Tingyi Group has reached an astonishing level – 485.5 billion Hong Kong dollars, which is a quarter of the market value of the Hong Kong stock market.

In this life, the early birth of the giant company Master Kong attracted a large number of foreign financial institutions to invest in the Hong Kong stock market.

This has increased the total market value of the Hong Kong stock market, which is more than 400 billion higher than Jiang Feng’s previous life, reaching 2 trillion Hong Kong dollars.

In the past few days, Jiang Feng reduced his holdings by 60 million shares and cashed out nearly HK$12.18 billion, leaving 1.611 billion shares, about 67.16%!

Jiang Feng put all the cashed-out funds into three fund companies, which can be regarded as replenishing ammunition for the new acquisitions of Hong Kong Electric and Hutchison Whampoa.

After getting these done.

Jiang Feng came to the Blue Mountain Building in Central.

He went straight to Blue Mountain Electronics Company.

Asked about the development progress of mp3.

Sun Yansheng said:”Hardware research and development is going very smoothly, but decoding is progressing slowly. We have cooperated with companies such as D Country, Holan Philips, etc., and are currently promoting the standardization of mlayeriii format. It is expected that this project and algorithm will be included in the MPEG standard next year. group, become part of mpeg-1″

“In this way, the mp3 project can be officially launched”

“Next year?”Jiang Feng frowned. He was still thinking that this year, before the end of the year, it could be launched as the flagship product of Lanshan Electronics.

He didn’t expect that it would be next year.

In fact, Jiang Feng didn’t understand the development of MP3. If he did, It doesn’t feel so slow.

Historically, when the international standard was formulated for the mp3 compression encoding format, it took 7 years from research and development to launch.

In 1994, Fraunhofer Applied Research Promotion The association released the first mp3 encoder called l3enc, and officially selected its extension as mp3 in 1995. In this life, due to Jiang Feng’s interference, Lanshan Electronics joined the International Association for the Promotion of Applied Research, making it The process has been accelerated by several years.

Seeing his disappointed look, Sun Yansheng couldn’t help but smile bitterly,”We also want to speed up this project, but if we don’t formulate a unified standard, then the software and hardware manufacturers will not decode it, and the products will not be usable.”

“All right!”

Jiang Feng shrugged. He didn’t know much about MP3 technology. He just bought MP3s in his previous life and listened to music on the computer. He really didn’t understand the decoding format.

“By the way, I almost forgot one thing.

Sun Yansheng smiled and said:”Although MP3 has not been developed yet, we have developed another product in the process.””

“oh?

Jiang Feng became interested and asked,”What product?””

Sun Yansheng didn’t say anything, but took out a small black card, as big as a finger.

Jiang Feng looked at the thin card in his hand carefully.

“Is this a memory card?”

“Memory card? Sun

Yansheng became interested, looked at Jiang Feng curiously and said,”Boss, have you ever seen such a thing?””

“Well…right.”

Jiang Feng said vaguely.

He didn’t know when the memory card was born. If it hasn’t been born yet and he said it was born, wouldn’t it be bad? He said vaguely that if something goes wrong, it can still be reconciled.

Sun Yansheng slightly He nodded.

Then he slowly said:”This is a memory card developed by our laboratory. It can store data in it. It is equipped with a decoder to decode the contents. It is inspired by the concept of computer memory. And vcd disc.

After a pause, Sun Yansheng said with a smile:”Speaking of which, it’s all thanks to the boss.””

“oh? Yeah.”

Jiang Feng smiled.

Sun Yansheng nodded and said:”Because the boss asked us to develop the MP3 player to be as small as the size of a palm.”

“The VCD discs and memory sticks on the market cannot be used, so when I was thinking about how to shrink the storage device, I thought of the principle of the memory stick.”

Later, I thought about it carefully and studied it, and then I have this little card in your hand.

Speaking of the memory card, Sun Yansheng said proudly:”I believe that there is absolutely no memory card in the world that can make it so small.”

Jiang Feng nodded.

He looked carefully at the thin card in his hand and murmured softly:”This is a good guy. It has many uses. It can not only be used for MP3 and MP4, but can also be used on cameras, mobile phones, etc. on electronic products”

“good.”

Jiang Feng said:”What is the current maximum capacity of this?

Sun Yansheng said:”The maximum capacity currently developed is 32mb!”!”

“32mb?”

Jiang Feng frowned. This capacity is a bit small.

Taking the MP3 sound quality of later generations as an example, it can only play two high-quality music, or five or six very ordinary sound quality music.

Sun Yansheng shrugged,”No way. , the current research and technical progress has only reached 32mb, but I am confident that it can be increased to 64mb or even 128mb”

“Um! Jiang

Feng nodded and handed the card in his hand back to Sun Yansheng. After stretching his muscles, he slowly said:”It is indeed a good thing. We will set up a special project team to fully promote this project.””

“OK”

Sun Yansheng said happily

“boss?”

While Jiang Feng was chatting with Sun Yansheng, suddenly there was a shout from behind.

“Jiang Feng turned around and saw He Chengzhou

“It’s true, I said the backs look so similar. He

Chengyi stepped forward with a smile on his face, shook hands with Jiang Feng, and said,”Is the boss here to inspect the work?””

Jiang Feng said:”Well, come here and ask about the progress of the project.”