章節 590: Chapter 590 - Assets Surge by Tens of Billions of Dollars
On that day, I.M. Pei wrote down all the various notes, and in the following days, Hua Shengshi joined him on the field trip to start working on the design of the museum.
With I.M. Pei on board, Xia Yu was able to put the museum matter aside and continue to devote himself to his work.
Half a month passed in the blink of an eye, and the privatisation process of the Hong Kong Electric Company was over.
A total of 26.5% of the company's shares were recovered in the privatisation, at a cost of nearly HK$6.3 billion.
Together with the money spent previously, the acquisition of the company had cost a total of HK$2.27 billion.
Although it was all a cash acquisition, Xia Yu took it out easily, without taking out a single cent in loans, which would definitely cause a dramatic shock in Heung Kong if it came to light.
Xia Yu had so much liquidity, also because the funds from speculating on London gold had been replaced and drawn out.
The capital of US$2.2 billion was invested in London gold speculation, and after leveraging, the capital was enlarged to US$6.6 billion.
After the left hand to right hand, left two hundred million U.S. dollars when prying leverage to take over the original 14 billion U.S. dollars of gold futures contracts, the set out of the nine billion five hundred and forty-four million U.S. dollars.
Among them, US$2 billion was the principal that Xia Yu had brought to the UK, so this time around, the speculation on London gold, using the leverage advantage, made a direct profit of US$7.54 billion, which, according to the constant Hong Kong dollar-dollar exchange rate of 4.6:1 at this point in time, translates into a Hong Kong dollar equivalent of nearly HK$34.7 billion.
Xia Yu's total wealth had directly doubled several times!
After seizing the opportunities of the times, the horrifying speed of making money in the financial industry was breathtaking.
And because the international gold price will rise to a peak of 850 points in less than a year's time, the US$14 billion in gold futures contracts that Xia Yu left behind with the US$200 million, as long as he continues to hold on to them and sells them when they reach 800 points, he will still be able to make a hefty profit.
With such a huge amount of capital in his hands, Xia Yu was more than confident that he would be able to build an international conglomerate.
However, although liquidity is important, it's foolish to hold on to it all the time and not invest it, so Xia Yu took out US$3 billion and ordered the Bright Fund to buy the shares of major companies in the UK stock market.
Now that the UK economy is in the doldrums, capital is also shrinking, and the share prices of major companies are in the doldrums due to temporary poor business conditions, but as soon as Margaret comes to power, things will gradually get better in the UK.
Therefore, it is now possible to close one's eyes and buy up the shares of major British companies, even if one of them is still losing money, the overall investment will not be a loss.
In fact, according to Xia Yu's thinking, not only is the UK economy in the doldrums at this point in time, but the whole of Europe is in the doldrums, and there are opportunities all over the place.
But while Xia Yu's current liquidity of over US$9 billion may seem like a lot, it is far too small to be spread across Europe.
As the saying goes, it's better to have ten birds in the forest than one bird in the hand.
So Xia Yu resisted the temptation and decided to establish a solid foundation in the UK first, so he invested all $3 billion in the UK.
However, in order to prevent too much exposure, Xia Yu ordered the Bright Fund to expose a maximum of US$500 million, while the remaining US$2.5 billion was to be placed in various small, secretive waistcoats under the Bright Fund, which would acquire stakes in major companies.
The latest situation is, three billion dollars of funds, has spent twelve billion dollars, all from the secondary market to buy shares spent, and did not hit the grass to scare the snake.
In addition to the US$3 billion, Xia Yu still has US$6.54 billion in capital.
Xia Yu had injected US$1 billion into the Jiuding Bank for its business expansion, and Liu Tianci, who had a huge amount of money in his hands, was ambitious to expand in the banking sector.
He then injected another US$2 billion into each of his companies for expansion and mergers and acquisitions.
For Jiuding Newspaper Company and Jiuding Animation Company, he injected less, mainly because these two companies had horrible revenues and did not need to inject much money.
The bulk of the capital has been put into Global TV, Jiuding Book Publishing, Jiuding Insurance Company, Jiuding Securities Company, Universal Cinemas, Jiuding Retail Group and Jiuding Real Estate Group for the expansion of these companies.
The HK$1.35 billion land acquisition by Nine Properties Group a while ago came from the injection of US$500 million.
In addition, the acquisition of the Hong Kong Electric Company and other miscellaneous expenses such as donations cost Xia Yu another US$500 million.
After all these operations, Xia Yu's liquidity was only US$3.04 billion.
But that was still a horrendous amount of money.
Xia Yu had left this money in the hands of Wang Qi, who had listed a number of companies in Hong Kong for him to secretly acquire shares.
After all the arrangements were made, Xia Yu took Liu Shihao, Huo Jianning and the others to Hong Kong Electric Company to check on the situation.
The CEO of the company was originally the second largest shareholder, but after Xia Yu's surprise attack, the second largest shareholder was forced to sell his shares and withdraw, so the position of CEO of the company was left vacant, and the company's operations were inflexible, with many of its businesses stagnating.
But for a short time, Xia Yu didn't care.
Fortunately, in the electric power industry, the technical threshold is much higher, so even the original president was unable to take over, and a capable vice-president was assigned to manage the power generation and distribution business.
The person in charge is a Chinese, named Han Tianze, after graduating from a famous school, entered the company, starting from the bottom, a job for 20 years, for the company's various conditions are well known.
After arriving at the company, Xia Yu immediately convened a meeting with the company's senior management. In addition to these people, there was also Zhou Keji, the head of the Standard Accounting Firm, and Wei Lv, the head of the Standard Law Firm, both of whom had spent the past ten days or so accounting for the company's assets and perfecting the legal loopholes in accordance with Xia Yu's request.
Looking at the several vice presidents and department managers who looked apprehensive, Xia Yu looked kind and said gently and reassuringly, 'You should have heard of my name before, and I won't be too harsh on my own people, so since you're still sitting here today, you can put your hearts down and get to work.'
Han Tianze and the others were instantly relieved and quickly thanked, 'Thank you, Chairman!'
'Alright, now you guys introduce yourselves first with your basic personal information and what you're responsible for.'
'Han Tianze, you go first.'
Xia Yu was concise and named Han Tianze.
Han Tianze immediately stood up and bowed slightly towards Xia Yu before introducing himself with a calm face, 'Honourable Chairman, my name is Han Tianze, I used to be the Vice President of the company, in charge of all power related businesses such as power generation and power distribution ...'
'Honourable Chairman, my name is Liu Hong, in charge of engineering construction and service business ...'
'Dear Chairman, my name is Song Hai and I am the manager of the electrical trade division ...'
每周推薦票狀態
-- 推薦票
榜單 
-- 推薦票