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Published at 25th of December 2023 05:16:49 AM


Chapter 327: [Net worth increases! 】(Ask a monthly pass!)

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Chapter 327 [Wealth has increased! 】(Ask a monthly pass!)

Since its establishment, the Kowloon Stock Exchange has not listed companies on a large scale, but has chosen to be cautious;

Of course, the Kowloon Stock Exchange will not make things difficult for companies that are eligible for listing.

Following Cheung Kong, the company listed on the Kowloon Stock Exchange is Hualian Garment Factory, and the owner is Lin Shengcai, the vice president of the Hong Kong Island Chamber of Commerce;

Hualian Garment Factory raised a total of 15 million Hong Kong dollars, accounting for 26% of the total shares;

The purpose of fund-raising is to purchase land to build a new factory and expand the scale.

The third listed company is a very surprising company-Sincere Department Store, a veteran Chinese department store;

Since Department Store raised 20 million Hong Kong dollars, accounting for 30% of the total shares;

The funds raised will be used to open a new department store in Kowloon and continue to open up foreign procurement channels.

The fourth listed company is a Jewish company, called a big profit company, mainly engaged in department stores and clothing;

Raise 18 million Hong Kong dollars, accounting for 30% of the total shares, and the proceeds will be used to expand the scale of the enterprise.

At present, the four listed companies on the Kowloon Stock Exchange can be said to be high-quality assets, which makes it difficult for people to fault;

Nine months after its establishment, only four companies were approved to be listed, which is also a normal level;

It is neither a spamming of stocks to disrupt the market, nor is it that the corpse is not doing real things.

At the end of April, the listing application materials of One Hong Kong Island Construction were placed on the desk of the chairman of the Kowloon Stock Exchange, Li Fuzhao.

"Funds raised 25 million Hong Kong dollars, accounting for 25% of the total share capital!"

Li Fuzhao took a breath of air. This ‘shark daring’ company can be worth hundreds of millions, which is terrifying.

Of course, Li Fuzhao will not practice favoritism just because Wu Guangyao is the former chairman of the Kowloon Stock Exchange;

Everything needs to be done in accordance with the rules, the first is to personally take people to the Hong Kong Island First Construction to investigate the financial and operating conditions.

Only companies that meet the conditions are eligible to be listed!

Of course, from the bottom of his heart, Li Fuzhao believes in the listing information. After all, there is evidence to check the performance of Hong Kong Island First Construction.

Moreover, Hong Kong Island Construction is the first construction company on Hong Kong Island to obtain a Class C license, and the Class C license is the highest-level construction license on Hong Kong Island;

A construction company with a C-level license can bid for unlimited projects.

Hong Kong Island’s construction license is divided into three levels-ABC, which is issued by the Hong Kong Public Works Bureau;

A-level license is an entry-level license, which can undertake small projects below 1 million Hong Kong dollars (relaxed to below 3 million Hong Kong dollars in the 1980s).

Don't look at an A-level license. In fact, it is very difficult for a company that has just entered the industry to obtain it.

If you are not a graduate with a major in architecture, or do not have a talented person in architecture, the Hong Kong government will not issue you an A-level license.

Lu Xiaopei's public and construction company has obtained the A-level license from the beginning, which is quite difficult;

This is because Lu Xiaopei graduated from an authentic architectural university and has been engaged in construction contracting in the Mainland for many years.

B-level licenses are already very good builders. Construction companies with B-level licenses can undertake medium-sized projects under 10 million Hong Kong dollars.

Don’t underestimate the 10 million Hong Kong dollar project. In this era of real estate development, more than 95% of the real estate construction prices will not exceed 10 million Hong Kong dollars.

Hong Kong Island So far, no real estate company has developed thousands of residential projects;

Of course, this does not include Cheung Kong Holdings, and Cheung Kong Holdings is an exception.

The reason is that all real estate companies are keen to develop small real estate;

The investment is not high, and the payment is fast. The development of this real estate is almost complete, and it can be developed again, just like an assembly line.

As for the kind of real estate developed by Yangtze River Industrial, tens of millions of funds will be used for a real estate;

It takes two years for a general company to develop such a real estate;

In case of an accident, would it not be a loss.

Companies that are capable of developing this kind of real estate, either because they lack experience or are worried about losing money, such as Hongkong Land and Hutchison.

As for the highest level of C-level license, it depends on performance. Without the experience of building several commercial buildings and high-rise residential buildings, it will never be issued to you.

The construction of high-rise buildings on Hong Kong Island only started in 1955. At that time, who had the technology to build it!

Not all European and American construction companies are invited.

The first construction of Hong Kong Island can be said to be stepped on by European and American construction companies to rise to a C-level license;

Of course, this so-called stepping is naturally to cooperate in the development of real estate, spend money to buy technology, and hire European and American architects with high salaries.

Li Fuzhao came to an office building on Hong Kong Island, a commercial building located in the center of the Yangtze River, and met Chen Cheng.

"Chen Sheng, Hong Kong Island First Construction said that it will use the financing money to buy an American construction company. Can you give me a specific explanation?" Li Fuzhao's tone is neither humble nor overbearing. Although the Kowloon Stock Exchange was prepared by Wu Guangyao, I believe The more serious he is, the more Wu Guangyao will feel that he has not entrusted the wrong person.

After all, Li Fuzhao knows a little bit about God of Wealth’s dealings with people!

It can be said that there is no bad news about God of Wealth on Hong Kong Island so far.

In fact, Li Fuzhao didn’t know, even if there was unfavorable news about Wu Guangyao, few newspapers would dare to send it out;

Because the Oriental News Agency has now become the overlord of various newspapers, no newspaper wants to offend the owner of the Oriental News Agency.

Chen Cheng sat in his position as the president, feeling quite happy. Seeing Li Fuzhao come to find out about the situation, he naturally couldn’t make a statement.

"Okay, Chairman Li! The American Darling Construction Company we acquired is a powerful construction company in San Francisco"

The two chatted one by one, while the other staff of the Kowloon Stock Exchange were guests in the financial office of the Hong Kong Island No.1 Building.

There is such a problem in listing. After listing, the company’s finances must be known clearly;

Therefore, many people are unwilling to list their companies in order to hide their wealth or hide things that are not visible.

In a capitalist society, it is generally believed that only a listed company is a company with real development potential;

Because of its perfect system, it also accepts public supervision.

This is also one of the reasons why many foreign companies can survive for hundreds of years!

The Hong Kong Island First Construction can be said to be riding a bull on the market, thanks to the vigorous development of the real estate industry; this year’s stock market transactions are particularly active, with the transaction volume in the first four months reaching 500 million Hong Kong dollars.

And there is a reason why Wu Guangyao let Hong Kong Island go public in early May;

It turns out that Jardine Matheson will choose to go public in June, and it will be wildly sought after by the people on Hong Kong Island;

The scene is several times crazier than that of Cheung Kong's listing. It can be seen that Hong Kong people in this era have much more confidence in British-owned foreign firms than Chinese-funded enterprises.

Hong Kong Island First Construction's listing plan is: to issue 10 million new shares (200,000 in total), the stock price is 2.5 Hong Kong dollars, and 25 million Hong Kong dollars to be raised, accounting for 25% of the total share capital.

Wu Guangyao holds 20 million shares of Hong Kong Island First Construction, Lin Yueru holds 10 million shares of Hong Kong Island First Construction, and the two together hold 75% of the shares of Hong Kong Island First Construction.

It can be said that the Wu family added 75 million Hong Kong dollars in assets without paying attention;

While the Wu family holds the shares of Cheung Kong Industrial, the premium is also up to HK$13.5 per share (issue price of HK$7 per share);

The total market value of Cheung Kong Holdings is nearly double that of the market, reaching 650 million Hong Kong dollars;

The value of the shares in the Wu family's hands has also reached 400 million Hong Kong dollars.

Good guys, it’s no wonder that future bosses are keen to go public, and their wealth has risen so fast!

Of course, Wu Guangyao will not dump part of his shares now;

Because the market value of Cheung Kong Holdings is far from reaching expectations, because the real estate industry on Hong Kong Island will continue to rise in early 1965.

(End of this chapter)




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