章節 143: Chapter 143 Nine Ding Financial Tower
"Hello..."
"Hello, Mr. Li, rest assured, if we launch the fund, we will notify you immediately, alright..."
After hanging up the phone, Xia Yu sighed with emotion, but the smile on his face couldn't hide his true feelings.
When Xia Yu instructed Wang Qi to announce the establishment of a specialized fund to attract external investments, many people called the company for appointments. Some even called directly to Xia Yu himself. Among them, Li Chaoren, who knew Xia Yu's capabilities best, called him first. Naturally, Xia Yu welcomed all of them.
It can be said that the fund, which has not yet been established, is definitely not short of funds now. Unlike other securities and fund companies, when they want to attract funds, they often need to persuade others extensively.
In Xia Yu's case, it's the opposite. People who want to invest are coming in droves. He now has to set up thresholds and select good partners.
The initiative is firmly in Xia Yu's hands!
This is the advantage of having a great reputation!
With such a halo, Nine Ding Securities will definitely take off.
In addition to the fund, other businesses of Nine Ding Securities, such as mergers and acquisitions, securities underwriting and sponsorship, and asset management, will also be more smoothly operated.
In the following days, Xia Yu became busy because, riding the momentum, Nine Ding Securities posted a recruitment notice in the "Nine Ding Daily." He was expanding the securities firm.
Unlike other companies, a securities firm values quality over quantity.
Therefore, Xia Yu is very strict in selecting employees. They must pass through the first round of screening, then Wang Qi's assessment to filter out those who are not genuinely interested, and finally, Xia Yu personally interviews them. These three steps ensure that everyone who joins is elite.
With the growing reputation of Nine Ding Securities and Xia Yu personally in charge, many capable individuals are preparing to switch jobs. Xia Yu has recruited many talented individuals, some of whom he considers on par with Wang Qi.
However, despite their abilities, since they are newcomers, Xia Yu also considers Wang Qi's efforts and contributions. He assigns these individuals to other positions but ensures they are not undervalued, providing enough space for them to shine.
During these days, Xia Yu also had to deal with the issue of office space for the company. With the expansion of manpower, space naturally needed to expand as well.
With ample funds at his disposal, Xia Yu didn't hesitate to buy a ten-story building near the Jiulong Exchange for 10 million Hong Kong dollars. He didn't mind the cost, as he was confident the building's value would appreciate, and he could easily mortgage it if needed.
Moreover, once the company stabilizes, Xia Yu plans to initiate a fundraising plan, which would significantly ease financial constraints. Therefore, there's no need to be stingy with spending.
During these days, the stock price of Yangtze Industries Group kept rising until it stabilized today. At this point, the total market value of Yangtze Industries Group has risen to 1.59 billion Hong Kong dollars, an increase of 320 million Hong Kong dollars from the previous total market value of 1.27 billion Hong Kong dollars. This alone has earned Li Chaoren a substantial profit.
Due to the sharp rise in stock prices and the current momentum, Li Chaoren became the cover figure of the latest issue of "Economics" magazine.
At the same time, with a personal wealth skyrocketing, Li Chaoren also climbed four spots on the Hong Kong Rich List.
Similarly, Xia Yu also made a profit. He owns 4.9% of Yangtze Industries Group, which cost him a total of 63 million Hong Kong dollars to acquire.
Now, this 4.9% stake is valued at 77.91 million Hong Kong dollars, resulting in a floating profit of 14.91 million Hong Kong dollars for Nine Ding Securities.
Originally, Xia Yu planned to sell the stocks of Yangtze Industries Group. However, considering his current financial situation and the long-term prospects, holding onto them seemed more profitable.
He plans to temporarily hold onto them and transfer the stocks to his fund once established, where he can continue to profit and use the funds to invest in more lucrative projects such as Jiulong Warehouse.
He hasn't sold the shares yet and plans to acquire more. Once he surpasses 5%, he can enter the board of directors of Yangtze Industries Group, leveraging the platform to enhance his influence and expand his network.
With the friendship of assisting Li Chaoren in acquiring Qingzhou Yingni Company and Nine Ding Securities holding shares in Yangtze Industries Group purely for financial investment, without affecting Li Chaoren's control over the company, it will certainly benefit Yangtze Industries Group greatly, boosting investor confidence. Li Chaoren will definitely welcome Xia Yu's involvement.
In this way, money is earned, and influence is enhanced!
To achieve all this, only the capital for the fund is lacking.
"The company has expanded, and it's time to establish a fund and raise funds externally. Using other people's money to make money for oneself is the correct way!" Xia Yu squinted, thinking to himself.
...
Soon, Nine Ding Securities moved into the newly purchased building. The building was directly named Nine Ding Financial Tower, with a huge lighted sign on the rooftop displaying the name of Nine Ding Securities.
From a distance, it immediately gives others the impression of Nine Ding Securities' strong capabilities. For financial companies, the facade is crucial!
Despite Xia Yu's strict selection criteria, this round of expansion attracted a continuous stream of applicants due to Nine Ding Securities' prominent reputation and various other factors. Almost all of them were highly qualified. As long as they passed his personal interview, Xia Yu accepted them readily. No financial company would reject talented individuals.
Currently, Nine Ding Securities has assets and funds of more than 150 million Hong Kong dollars. Considering only these assets, it can be considered a prominent medium-sized securities firm in Hong Kong.
Moreover, Xia Yu previously engaged in financial leverage financing at HSBC Bank. Even without leveraging this additional billion, the company now manages funds worth 400 million Hong Kong dollars, making it a large securities firm.
Many large securities firms may not even have 150 million Hong Kong dollars in their own funds, relying mostly on raised capital. Yet, Nine Ding Securities has not yet raised external funds!
After external fundraising, the strength of Nine Ding Securities will definitely skyrocket!
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