Chapter 217 Resumption of trading
Entering September, we are about to usher in the Mid-Autumn Festival, and the weather is not as hot as before.
"City of Sadness" returned from the Venice Film Festival with great success and won the Golden Lion Award, causing a wave of craze in the Chinese world. Hou Hsiao-hsien was also hailed as the number one Chinese director.
Although he originally invested in this movie, Cai Zhi's conscience is no longer troubled. After all, things are different from the past, and Oriental Pictures is no longer the main source of profit.
Yulang International, which has been suspended from trading for half a year, has now been renamed Mingxiu International and will resume trading on the 18th of this month. By injecting the assets of Mingxiu Newspaper into Mingxiu International, as the stock market warms up, its current valuation is 2 billion.
"Perhaps Yulang International should have been delisted directly from the beginning, and then it would be able to enjoy its glory on the Hong Kong Stock Exchange." Chen Qiang said with regret. He always felt that he could not experience the addiction of ringing the bell on the Hong Kong Stock Exchange.
What's more, I'm a little envious of Wen Guoliang of Hang Lung Bank.
"If it had been delisted, would it have been possible to go public as quickly as it is now?" After returning from Pujiang, Cai Zhiliang spent most of his time at Mingxiu Newspaper. He had heard Chen Qiang's complaints many times. In the past, it was really not like Chen Qiang.
style, and continued: "With so many assets of Mingxiu Newspaper, we can just spin them off from Mingxiu Weekly, Tiantian Daily, and Mingxiu Comics and relist them on the market after a while."
"If it had been delisted, it might have been faster. With the high-quality assets of Mingxiu Newspaper, the Hong Kong Stock Exchange has been dormant for two years. It also needs such a leading company to complete the approval process in more than a month." The more he knew, the more Chen Qiang knew.
The more regretful he became, he sighed a few words and said: "What you said, A Bao and I have discussed it before. Minshew Weekly can still give it a try. But it will still take two or three years. Minshew Weekly is planning to acquire it recently.
Two financial journals and a consulting firm.”
As Minshew Weekly develops and expands, it also begins to gradually expand its scale. The most direct and convenient way is to acquire.
Recalling the Malay Sin Chew Daily mentioned by Chen Qiang before, Cai Zhiliang asked: "How is the discussion over at Sin Chew Daily?"
Chen Qiang was confident and said: "I have contacted Sing Tao Newspaper Company three times. After Mingxiu International resumes trading, I will go to Sing Tao Newspaper Company to visit Ms. Hu again. The matter will probably be finalized by then.
Ah Jun has contributed a lot. If he hadn't convinced the editor-in-chief of Sing Tao Daily, this matter would still be discussed."
Ajun is naturally Chen Qiang's son and Cai Zhiliang's younger brother Chen Xiaojun. Cai Zhiliang stayed here for two weeks and got a general understanding of the conflicts that arose, mainly between Chen Qiang and Cao Jinling. Regarding Chen Qiang's praise,
Cai Zhiliang didn't say much. Emotionally and intellectually, he still preferred Cao Jinling.
"Mingxiu International has resumed trading, and its assets have expanded tenfold. Let's think more about the original Yulang International, whose market value has increased to more than 2 billion." Cai Zhiliang brought the topic back to Mingxiu Newspaper. At the beginning, Yulang International started from 22
The peak of billions has slipped.
"The original Yulang International had a high debt ratio. How could it be compared with the current Mingxiu Newspaper?" Chen Qiang was full of confidence and said: "The net profit of Mingxiu Newspaper in the first half of the year exceeded 100 million. In the second half of the year, with the development of the cartoon department,
This number will continue to rise, even when Yulang International was at its peak, it could not match it. When Qualcomm was valued at 2 billion, I thought it was a bit underestimated. The stock price should be set at 1 yuan, with a total market value of 25
100 million."
Compared with the same period last year, the profit has more than doubled, but if you think about it, you can know that after all, there are daily newspapers and comic books this year. With Minshew Weekly starting to make profits at the end of last year, this profit will not double.
During the Mid-Autumn Festival, Cai Zhiliang went to Cai Xun as usual. This year, He Baozhen simply asked a few questions and then focused his attention on Cai Zhining. Cai Zhiliang and even Cai Meihui breathed a sigh of relief. At the same time, it also caused a stir.
Cai Zhiliang's curiosity is that after all, compared to Cai Zhiliang and Cai Meihui, Cai Zhining is much younger.
The incident originated one night about a week ago. When He Baozhen was shopping in Central, he saw Cai Zhining from a distance, followed by a girl. However, when He Baozhen asked about it today, Cai Zhining said that there was no such thing. He Baozhen probably saw it.
Wrong.
That was his own grandson. He could still be mistaken, and he was not yet blinded by old age. He Baozhen felt more and more that Cai Zhining was hiding something, and he and Cai Zhining had a fierce relationship. Soon, his second aunt Zheng Qingqing also joined the fighting group, and she probably
I want to know about my son's condition.
"Alian, the listing of Hang Lung Bank has been finalized. How far is the acquisition of overseas trust banks? Can it be finalized before the listing?" Cai Minglang came over and asked. Cai Mingbo was in a good mood. In the past six months,
As the real estate investment company's relationship with Lida became closer and closer, it invested more in real estate in the first half of the year and caught up with this wave of real estate dividends.
Hang Lung Bank's listing application has been successfully approved and is scheduled for early next month. However, the acquisition of Overseas Trust Bank has not progressed smoothly. According to Wen Guoliang's previous estimate, an agreement with the government will be reached around the 10th of this month. But just now
Last Friday, the government again mentioned the debt problem of Hang Lung Bank, especially after the acquisition of Overseas Trust Bank. After all, it was a She Tun Xiang-style acquisition. Debt is a natural thing. It also raised questions about whether Hang Lung Bank can withstand and resolve the acquisition of Overseas Trust Bank.
Banks later expressed concern about the debt.
Wen Guoliang is actively communicating with the Financial Secretary, including detailed plans to solve the debt problem. Several major shareholders such as Gold River Investment and Citibank also visited Zhai Kecheng on Tuesday and expressed their support for Hang Lung Bank to solve the debt problem. According to their estimates,
It is imperative to expand the share capital, which requires approximately 4 to 5 billion in order to meet the latest requirements of the Financial Secretary.
Perhaps in Cai Mingbo's view, the valuation of Hang Lung Bank is a bit high. If the acquisition can be finalized before listing, it will also have a certain stimulating effect on the future stock price.
"It's coming soon, probably before the end of the month, there should be results." Cai Zhiliang asked: "Uncle San, are you going to buy Hang Lung Bank shares?"
"Yes." Cai Mingbo nodded and said: "In recent months, real estate prices have risen rapidly. The average price on Hong Kong Island has been close to 2,000 per square foot. This price is already too high. I can't compare with you. I have to diversify."
Allocate assets.”
"The price of real estate does not have the highest price, it can only be higher." A person in the real estate business actually thought that the house price was too high. Cai Zhiliang smiled and persuaded: "Uncle, you can just worry about the real estate business, it won't collapse."
"The current housing prices are unprecedented. They are much higher than before the 1981 building disaster. I feel uneasy." Cai Mingbo shook his head and smiled bitterly, and confirmed again: "A Liang, do you think the housing prices can continue to rise? Although
The Hong Kong government supplies limited land every year, which is enough to meet market demand, but the current housing prices are indeed on the high side."
This was the first time Cai Zhiliang heard this statement, and said: "It's not high. Look at leading companies such as Cheung Kong, Henderson Land Development, and Jardine Matheson. Are they continuing to hoard land? Isn't it because they are optimistic about the future of real estate?"
The trend is rising. Don’t worry, you can’t go wrong.”
"Can housing prices rise further?" Cai Xun put down the newspaper in his hand and interjected.
Cai Zhiliang said: "Grandpa, if you plan to make some investments, you can buy some real estate."
"What do I need so much real estate for? I just need a place to live." Cai Xun opened the newspaper and continued reading the Oriental Daily.
"It can preserve its value..."
With the arrival of Cai Mingle and Cai Minghe, it gradually became lively. They were all interested in real estate, so they chatted until midnight, and then they left after eating the cake.
On Monday morning, Mingxiu International resumed trading. As Chen Qiang said, the stock price rose all the way, reaching a maximum of 1.19 yuan. It began to fall back in the afternoon and remained at around 1 yuan, an increase of 20%.
On Wednesday, Hang Lung Bank reached an in-principle agreement with the Financial Secretary to acquire Overseas Trust Bank and held a press conference to announce the news.
Chapter completed!