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45.7% Rebirth of the Strongest Tycoon / Chapter 701: Chapter 701: Hundreds of Millions in Profits

章節 701: Chapter 701: Hundreds of Millions in Profits

"Ring ring ring...'

At 7:30 in the morning, Xia Yu had just returned to the living room after boxing training when he heard the phone ringing urgently.

Who was calling so early?

With this doubt, Xia Yu answered the phone, and on the other end was Wang Qi.

'...'

'Okay, I understand! Etiquette must be maintained, but the plan will go ahead as usual. I'll be there in a moment!'

After saying this, Xia Yu hung up the phone, revealing an amused smile.

Wang Qi had just reported to him over the phone that after arriving at the company early, Zhao Congyan had immediately come in, carrying many gifts and accompanied by a young man with a scarred face and a subservient manner named Zhao Zhi'an.

Zhao Congyan hoped to meet Xia Yu in person to apologise.

After Bao Yu left last night, Xia Yu was prepared to give in to Zhao Congyan's demands, but he didn't expect Zhao to be so decisive and wait outside Jiuding Securities so early.

It seems that the Zhao family is really anxious!

But they should be anxious. Xia Yu is not anxious. He'll let them wait for a while. Breakfast is more important!

Thinking this, he leisurely went to have breakfast.

It was 8 o'clock before he finally left for the office.

He encountered traffic jams again on the way, and by the time he arrived at the door of Jiuding Securities, it was already 8:20.

'Wang Qi, where are they?'

Xia Yu asked after entering the company and seeing Wang Qi directing the staff at work.

'They are in the reception room. I'll take you there!'

'No, you go ahead and deal with things. Come over when I call you!'

After saying that, Xia Yu led Li Wuming straight to the reception room.

As the time passed, the time for the stock market to open got closer and closer, and Zhao Congyan gradually became anxious. From time to time, he looked out the door and happened to see Xia Yu walking over with someone.

He suddenly got up and greeted Xia Yu with a smile.

'Hello Xia Sheng, I'm really sorry to disturb you so early!'

Zhao Congyan lowered his attitude and smiled.

Xia Yu glanced at Zhao Zhi'an next to him and shook hands with him with a smile, saying hello, 'Hello Zhao Sheng, please sit!'

'Thank you!'

After saying this, Zhao Congyan sat down, but Zhao Zhi'an still stood with his head bowed.

'Zhi'an, apologise to Mr Xia!'

Before Xia Yu could ask, Zhao Congyan took the initiative to order.

Then, to Xia Yu's astonished gaze, Zhao Zhi'an directly knelt down before Xia Yu and said with difficulty, 'Mr Xia, I'm sorry, it was my fault for offending you. Please forgive me this once, I'm sorry! I was wrong!'

Zhao Zhi'an was so decisive, and he even knelt down directly to admit his mistake, which was unexpected by Xia Yu.

Even Li Wuming, who was standing behind Xia Yu, flashed a trace of surprise.

Zhao Congyan can do it, he actually played this trick on him, lowering his posture so much that it made Xia Yu a bit embarrassed.

'He really is a crafty old fox, able to bend and stretch, and worthy of being the one who built the Zhao family!'

Xia Yu thought to himself.

With Zhao Congyan's shameless approach, Xia Yu, with his character, would not necessarily be able to do the same if he were in his shoes.

Xia Yu ignored Zhao Zhi'an and looked at Zhao Congyan, saying meaningfully, 'Zhao Sheng, I admire you!'

Zhao Congyan seemed oblivious, and said with a smile, 'Xian Sheng, I really apologise. I have not educated my grandson well, which has led to him offending you. Fortunately, nothing irreparable has happened, but what is wrong is wrong. My family is willing to accept the punishment and we are convinced, so we dare not complain!'

'It's just that my family is not just Zhao Zhi'an alone, and the others are innocent. So I brazenly beg you to spare them!'

Seeing that Zhao Congyan was so old, with white hair at the temples, and still grovelling to beg for mercy, Xia Yu felt a great deal of emotion.

His anger also subsided considerably.

But since he had already done it, it could naturally not be resolved with just a few words. If he wanted to win his forgiveness with empty words, then what was the point of his dignity and prestige?

Thinking about this, Xia Yu leaned back on the sofa and said slowly, 'Zhao Sheng, since it has happened, it definitely needs a result, and we can't work for nothing.'

'Yes, Xia Sheng, you are absolutely right. If you have any requests, you may as well just say so!'

Zhao Congyan said immediately.

Xia Yu nodded and said, 'In that case, I will be direct!'

'I heard that the Zhao family holds shares in the Hong Kong and Yaumati Ferry Company?'

Zhao Congyan was stunned, and immediately said, 'Yes, we hold 42.4% of the shares of the Hong Kong and Yaumatei Ferry Company. Since Mr Xia is interested, I can make the decision to give them to you for free!'

Good guy, the Hong Kong and Yaumatei Ferry Company is worth about 80 million Hong Kong dollars, and 42.4% of the shares are worth nearly 34 million Hong Kong dollars. Zhao Congyan said without blinking an eye that he would give them to him. It was a generous offer and the price was not insignificant!

'Give it to me? That's not according to the rules...'

Xia Yu said with a look of embarrassment and hypocrisy.

Zhao Congyan slapped his forehead and said apologetically, 'Look at me, I haven't thought this through. How about this, I'll transfer it to you for the price of one Hong Kong dollar, please accept it!'

Xia Yu thought about it for a while before reluctantly saying, 'In that case, I'll accept it?'

'You must accept it!'

Zhao Congyan nodded.

In fact, Zhao Congyan didn't want to part with the equity, which was worth tens of millions of Hong Kong dollars, but if he didn't calm Xia Yu's anger and resolve the matter, the stock price would evaporate by several hundred million after the stock market opened today.

The Zhao family's foundation was the two major companies, Huaguang Shipping and Huaguang Real Estate. As long as they could be preserved, the small Yaumatei Ferry Company in Hong Kong could be lost.

In a time of crisis, one must cut the ends to save the life!

Zhao Zhi'an, who was still kneeling on the ground, saw his grandfather so humbled, and his heart was filled with remorse. His hatred for his grandfather also subsided a lot.

If it weren't for the mistake he made, his grandfather, who was like Optimus Prime in his eyes, would not have acted like that.

Unfortunately, it was too late for him to regret.

'Thank you, Mr. Zhao, for your generosity!'

Xia Yu first thanked him, then continued, 'By the way, Zhao Sheng, my company borrowed a lot of shares from other institutions before, and we have to return them. However, the current stock price seems a bit high. I plan to buy some back and return them when the price goes down. What do you think?'

Zhao Congyan's eyes narrowed as he thought hard about Xia Yu's real intentions.

He pretended to be puzzled and asked, 'Xia Sheng, just say it!'

Xia Yu smiled, worried that he had brought a recording device, and said vaguely, 'Mr. Zhao, I have already made this very clear. It is just as you think.'

Zhao Congyan thought about it for a moment, nodded slowly, and said, "I understand. Buying stocks is a normal operation. I just want to ask, how many stocks do you plan to buy?'

Xia Yu said, "I borrowed a total of 20% of the equity of Huaguang Shipping and 25% of the equity of Huaguang Real Estate from other institutions.'

'Don't worry, Zhao Sheng, I'm not interested in these two companies, I just want to return the shares.'

'In fact, I admire you, Zhao Sheng, for being able to build such a large business from scratch. I look forward to becoming friends with you!'

Zhao Congyan immediately said, 'It would be an honour for me to become Xia Sheng's friend. I'll be waiting for your news.'

'However, I have a request. My family is weak and I don't think it can hold out for long. Please let me know in advance,'

Xia Yu smiled and said, 'Of course I will, I will definitely give you advance notice.'

Zhao Congyan suddenly smiled, and then asked, "Xia Sheng, I wonder if you have any more advice for me?'

'I can't say I have any advice, and there's nothing more I have to say. If you still have something to do, you can go back and take care of it first.'

Hearing this, Zhao Congyan felt relieved, and he got up and said to Xia Yu, "Then I won't bother Xia Sheng anymore. I'll have someone send the things over later, and I'll come again next time!'

'Sure!'

'Take care!'

'Please stay, Mr Xia, we know the way!'

Xia Yu's lips curled into a smile as he watched Zhao Congyan and the others leave.

Then Xia Yu ordered Wang Qi to come over.

'Chairman, their car has already left. I wonder what price they paid?'

Wang Qi asked curiously.

Xia Yu smiled and said, 'The shares of the Hong Kong Yaumatei Ferry Company were sold for HK$1.'

'And Zhao Congyan promised to continue to let the stock price go, and let us buy the stock.'

Wang Qi was delighted and exclaimed in amazement, 'I never thought Zhao Congyan would agree to this, he really is a character!'

Xia Yu nodded in agreement, 'That's right, as long as Zhao Congyan doesn't die, the Zhao family will not fall!'

'Okay, I won't say anymore, the market will open soon. Since the Zhao family is letting it go, seize the opportunity to suppress the stock price and buy as low as possible!'

'For the stocks we bought, wait until Wah Kwong Shipping's share price recovers and then sell at the right opportunity. We can continue to hold on to the stocks of Wah Kwong Properties.'

'Understood!'

'Go! Hurry up!'

Wang Qi left after receiving his orders, and Xia Yu stretched and felt very happy.

This time, they would be able to make at least 200 million to 300 million Hong Kong dollars.

The shares of Hong Kong and Yaumatei Ferry Company were obtained for free, which is more than 30 million Hong Kong dollars.

And with the Zhao family doing nothing, the biggest resistance in the stock market has disappeared, and market panic will increase further.

With artificial suppression, the stock prices of the two companies, Wah Kwong Shipping and Wah Kwong Real Estate, will definitely plummet.

Once the price has fallen to its lowest point, Jiuding Securities will buy at the bottom, and Xia Yu's offer to buy 20% of Wah Kwong Shipping and 25% of Wah Kwong Real Estate is just a figure of speech. Of course, they will buy as much as they can.

In this kind of speculative trading, how can you not pick up a little more?

As for whether Zhao Congyan will also buy low?

Xia Yu believes that as long as he is wise, he will definitely not do this.

After all, if he does, it will definitely be a slap in the face of Xia Yu. If Xia Yu is determined to encircle and attack him, it will no longer be a matter for Jiuding Securities. No matter how many shares the Zhao family holds, Xia Yu will find a way to get them!

...

In the car, Zhao Congyan's face was as gloomy as water, and there was no trace of the lowly smile he had just had.

Zhao Zhi'an, who was sitting next to him, hesitated for a moment and whispered, 'Grandpa, I'm sorry, I was wrong!'

Zhao Congyan looked at Zhao Zhi'an for a long time, realising that he truly knew he was in the wrong. His gaze softened considerably.

Zhao Zhi'an was, after all, his grandson. He was very intelligent as a child, but his father did not discipline him strictly and did not set a good example, causing him to develop a lot of the characteristics of a spoiled child.

Zhao Congyan also knew that this problem was not unique to the Zhao family, but was common among the sons and daughters of many wealthy families in Hong Kong, and that many were even worse than Zhao Zhi'an.

The only difference was that Zhao Zhi'an had the misfortune to run into Xia Yu,

and multiple factors had contributed to the current situation.

However, although Zhao Zhi'an had repented, Zhao Congyan still did not intend to let him go, and would use the next year to try to completely save him.

Zhao Congyan sighed and said, 'Zhi'an, don't blame your grandfather for being heartless. For the next year, you will stay at home and reflect on your actions. You will read more books and newspapers, and you will cut off contact with your bad friends. Do you understand?'

'Grandpa, I remember. I will definitely change for the better!'

Zhao Zhi'an said quickly.

'Mmm!'

Zhao Congyan nodded slightly, leaned back in his chair, and closed his eyes to rest.

In a short while, Zhao Congyan returned home and saw his three sons anxiously waiting for him.

'Dad, what's the situation?'

Zhao Shiceng was the most anxious and asked first.

'Yes, Dad, what conditions did Xia Yu mention?'

'It's now 9 o'clock, do we have to repurchase the stock?'

Zhao Congyan said sternly, 'Sit down and talk, there's no need to repurchase the stock!'

Zhao Shipeng's eyes flashed with surprise and said, 'Xia Yu plans to let us off the hook?'

'No way! He's a man who eats people and spits out their bones!'

Zhao Congyan snorted.

'Give up all the shares you have in Hong Kong and Yaumatei Ferry Company. This company will sell to him for HK$1!'

'What?'

'Dad, this company is the largest company in our family, apart from Wah Kwong Shipping and Wah Kwong Real Estate. The shares are worth tens of millions, and you're just going to give it to her?'

Zhao Shiguang hurriedly said.

Zhao Congyan was in a bad mood and said with a dark face, 'We can keep the two big companies, so it's okay to lose this company. You always have to pay the price for doing the wrong thing!'

As soon as Zhao Shiguang heard that the two companies were saved, he immediately put the Heung Kong Yaumati Ferry Company out of his mind.

'It's good to save it! It's good to save it...'

Zhao Shiguang muttered a few words and calmed down, and asked in return, 'Dad, is that the only condition he has?'

The other two also immediately looked at their father.

Zhao Congyan shook his head and said, 'No, that's just the threshold!'

'What he means is to continue to suppress the stock prices of the two companies, let us stand by and do nothing as the stock prices fall, and then let them buy at a low price, asking for 20% of the shares of Huaguang Shipping and 25% of the shares of Huaguang Real Estate.'

'The reason is to buy back the stocks and return them to the other institutions involved in the bet.'

'Huh!'

Upon hearing this request, Zhao Shizeng angrily cursed, '*&¥%!'

'That's so heartless! He's cutting the flesh of all investors, but letting our family take the blame! How hateful!'

Zhao Shipeng said in a low voice, 'I'm afraid he's just stalling for time. After acquiring the shares, he won't stop, and he wants to seize our family's company.'

'Dad, should we also buy low and increase our stake to more than two-thirds, so we don't have to worry?'

...

Seeing that his sons had different reactions, Zhao Congyan was also exhausted. He had been unable to sleep last night, and now he was mentally exhausted.

He sighed and said, 'Okay, don't argue. Since it's come to this, we can only resign ourselves to fate!'

'There's no need to rush to the bottom. If he's got his eye on it, it will always be a huge hidden danger.'

'Let the bad reputation follow him. At least the crisis has been averted. We just need to hold on to the family's shareholding. He can cut our losses if he wants, but they won't be ours. And even if he holds on to the shares, the stock price will go back up again for the sake of making money. We'll be fine if we can just get through this!'

'You all go back now. Calm the company's employees. There must be no trouble!'

'Yes!'

Zhao Shipeng and the other two replied respectfully and withdrew.

'Hey...'

Zhao Congyan sighed, then went back to his room to rest.

...

At 9 o'clock, the stock market opened.

The much-anticipated Zhao family did not appear to stand up to the short sellers led by Jiuding Securities.

Huaguang Shipping and Huaguang Real Estate dived at the opening bell.

And they fell rapidly.

Rumors began to spread in the market, saying that the two companies had financial fraud, that the Zhao family's capital chain had been severed, and that there was internal strife in the family.

In short, all kinds of unfavourable comments came out.

Three people make a tiger!

The more people talked about it, the more people believed it. Even if they didn't believe it, they gradually lost confidence in the two companies.

Under these circumstances, there were more and more sell orders for Wah Kwong Shipping and Wah Kwong Real Estate.

It's a bloodbath!

Looking at the falling stock price and the sell orders, the institutions realised that Wah Kwong Shipping and Wah Kwong Real Estate had collapsed, and even if the Zhao family wanted to sell again, it was too late.

HK$14.5 per share!

HK$14.2 per share!

HK$13.5 per share!

...

Within an hour of opening, the market value of Wah Kwong Shipping had fallen to HK$780 million, HK$180 million lower than the closing price the night before!

The market value of Wah Kwong Properties had also fallen to HK$610 million, HK$140 million lower than the closing price the previous day!

In just one hour, the market value had evaporated by HK$320 million.

It was truly terrifying!

And because the stock prices of these two companies plummeted, the panic caused by this also affected the entire market, with the Hang Seng Index temporarily falling by four points!

Just as everyone's attention was focused on Wah Kwong Shipping and Wah Kwong Properties, Wang Qi quietly appeared in the office of the chairman of HSBC.

'Mr. Shen, I wonder how you've been considering it?'

Wang Qi looked at Shen Bi expectantly with a smile on his face.

Shen Bi smiled and said, 'Mr. Wang, I didn't expect you to have time to come over this morning.'

Wang Qi knew what Shen Bi was implying, and he smiled and said, 'Mr. Shen, that's just a trivial matter that someone else in the company can handle. It's your side that's most important! Of course I'm coming!'

Shen Bi praised, 'Your company is full of talent!'

'Mr. Wang, I've given it some thought. The shares of Hutchison Whampoa can be sold to you, but I'd like to know how much you currently own first.'

Looking at Shen Bi's smiling face, Wang Qi was silent for a moment before saying, 'We hold 22.75% of the shares!'

Shen Bi's pupils instantly contracted, and he said with some emotion, "I didn't expect you to hold such a high percentage of the shares. It seems that you have been planning for Hutchison Whampoa for a long time!'

Wang Qi was silent for a moment, and nodded, saying, "It hasn't been that long. Who could have known that Hutchison Whampoa has been losing money, otherwise our company wouldn't have been able to buy it even if we wanted to!'

After saying this, Wang Qi asked in a follow-up question, 'Mr. Shen, although our company holds 22.75% of the shares, we do not have the right to manage the company. We also have no intention of managing a company that does not belong to us. Now that the share price of Hutchison Whampoa is low, it seems that it will not be able to get out of the quagmire in the next few years. HSBC's holding of Hutchison Whampoa's shares is not cost-effective, so it would be better to sell them all to us.'

Shen Bi heard the meaning in Wang Qi's words, and after taking a sip of tea, he spoke his mind.


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