Reborn as a tycoon in Hong Kong

The next day is Friday, the last trading day of the exchange for the week.

Hong Kong Electric, which was suspended for one day yesterday, saw its stock price rise sharply during today's call auction.

Not to mention that investors and the market are optimistic about HK Electric's future development prospects after Lin Baicheng takes over. Just the fact that the stock price of the private placement is 10% higher than Wednesday's closing price of HK$3.7 is enough to cause HK Electric's stock price to rise.

The call auction ended, and HK Electric's share price opened at HK$4.24, an increase of about 14.6% from the previous trading day.

After 9:30, HK Electric's stock price continued to surge upwards, rising rapidly. However, the total number of shares of HK Electric reached 1.31 billion, and when the stock price reached HK$4, the total market value exceeded HK$5 billion, so the rise was not too fast.

After ten o'clock, HK Electric's stock price reached 4.5 Hong Kong dollars, then fluctuated for a while, then went higher again, sprinting towards the price of 5 Hong Kong dollars.

However, the benefits of HK Electric this time are actually limited. It's just that Lin Baicheng took over HK Electric, and Hutchison Whampoa was used as a benchmark, which gave investors more room for imagination about HK Electric's stock price, but there was no great benefit that could be realized.

Therefore, HK Electric's stock price did not touch the price of HK$5. As the stock price got closer to the price of HK$5, the selling orders became larger, and finally fell back to a high of HK$4.94, a downward correction.

After the stock price fell back to around HK$4.5, it stabilized and fluctuated. The price increase on the day was only a little more than 20%. After all, Lin Baicheng's entry into HK Electric is considered a good thing by the market, so rising is the trend. A 20% increase is acceptable to many people, so it has stabilized near this price.

Although Hong Kong Electric's increase was only about 20%, based on Hong Kong Electric's market value of less than HK$5 billion at the closing of the previous trading day, the total market value increased by about HK$1 billion, reaching nearly HK$6 billion.

Hong Kong Electric's stock price trend today has nothing to do with Lin Baicheng. Unless Hong Kong Electric's stock price skyrockets or plummets today, then he will take action. If the price skyrockets, he will sell part of the stock, and if the price drops sharply, he will continue to increase his holdings.

Now that it has slightly increased by about 20%, Lin Baicheng is not ready to increase his holdings for the time being. After all, his current shareholding ratio has reached 38.93%. Not surprisingly, no one can threaten his control of HK Electric. There is no need to rush to increase his holdings of HK Electric for the time being.

After the positive speculation has passed and Hong Kong Electric's stock price has corrected, it is not too late for Lin Baicheng to continue to increase his holdings and increase his shareholding ratio, which can also save a lot of money.

At the end of the morning session, HK Electric closed at HK$4.62, an increase of 24.86% on the day, and its total market value reached about HK$6.05 billion.

However, during the lunch break, Hutchison Whampoa's announcement attracted many people's attention.

Hutchison Whampoa acquired the ownership of the Golden Gate Tower from Jardine Matheson for HK$610 million, the Commonwealth Building and the International Building from Wheelock for HK$885 million, and Pearl City for HK$480 million. Ownership of the building.

Emerald Pearl Plaza is a shopping mall in Causeway Bay. It is covered with three residential buildings with a total height of over 100 meters and a total of 34 floors. They are collectively called Pearl City Towers. The more famous one here is the Emerald Pearl Cinema owned by Shaw Brothers.

It stands to reason that given the size of the Jade Pearl Plaza, it is impossible to sell it for less than HK$500 million, but many properties here have already been sold. For example, the ownership of Shaw Brothers' Jade Pearl Theater has been purchased by Shaw Brothers. Together with some other residential properties that have been sold, the price has naturally dropped a lot.

In addition to these well-known properties, Hutchison Whampoa also announced the acquisition of several high-end office buildings and other properties for HK$645 million.

Adding up all the properties, Hutchison Whampoa spent a total of HK$2.62 billion on the property acquisition. All funds were borrowed from HSBC and Standard Chartered Bank, which will not affect the company's daily operations.

Hutchison Whampoa also stated in its announcement that the reason why it spent so much money to acquire properties is that it is optimistic about the future economic development of Xiangjiang. These acquired properties are used for investment and will definitely bring considerable returns to all shareholders in the future.

Hutchison Whampoa's announcement has a great impact. After all, it is a real deal of HK$2.62 billion.

The first thing to be affected was the stock market. When the market opened in the afternoon, the stock prices of companies such as Jardine Matheson and Wheelock rose significantly. After all, these companies have obtained a large amount of funds through the sale of properties, which is considered a good thing.

Hutchison Whampoa's stock price has not changed much, rising and falling, and is in a state of shock. After all, Hutchison Whampoa spends money on acquisitions and investments. When the profitability of the investment is uncertain, the content of the announcement is neither good nor bad for the company.

In addition, real estate companies such as Cangjiang Industrial have also benefited, and their stock prices have increased significantly. The entire real estate sector has surged, directly driving up the Hang Seng Index.

The reason why the entire real estate sector has risen is because since Hutchison Whampoa spent HKD 2.62 billion to acquire properties, the property market prices will definitely rise, and housing prices will also rise accordingly. The stock prices of companies related to real estate development will certainly rise. .

Stock trading relies on expectations and imagination. Now that there is such a good news, the entire real estate sector is naturally attracted by funds and hyped up.

"Mr. Lin, all the contracts regarding the property are here."

Lin Baicheng, who was working in Hutchison Whampoa, took the document from Qin Lan and read it.

Hutchison Whampoa purchased properties from many companies this time. Of course, it was impossible for the transactions to be completed today by such a coincidence. The earliest transaction was completed more than ten days ago. However, Hutchison Whampoa signed a confidentiality contract with the other company. Remember that Huangpu cannot announce the details of the acquisition to the public before announcing it to the public.

The reason for doing this is to avoid inflating property market prices and increasing acquisition costs.

By yesterday, all acquisition targets had completed transfer transactions, and Hutchison Whampoa made an announcement together at noon.

Lin Baicheng just browsed briefly. He had already seen everything he needed to see. He had a clear understanding of properties such as the Golden Gate Tower. He also knew that the purchase price did not exceed the bottom line set by the previous management, and was even different from the reserve price. The small gap ruled out the possibility of someone leaking the secret, so he only had to browse it for a while.

After Hutchison Whampoa completes the property acquisition, it will no longer invest in property. However, Lin Baicheng asked Wei Li and the others to look for a bus company to acquire, preferably the Kowloon Bus Company, which is the largest in Hong Kong.

The purpose of acquiring a bus company is not to make money. The bus company does not have much land on its hands. However, the bus company is also a public utility with stable profits and cannot lose money after the acquisition.

Importantly, after acquiring the bus company, the real estate developed by Hutchison Whampoa will allow the bus company to open dedicated lines as soon as possible, making transportation where the real estate is located more convenient. This may cause the bus company to make a small loss, but if the real estate price increases slightly due to the convenient transportation, all the losses can be easily recovered.