章節 1158: Chapter 1158: Galaxy Films goes public!
It would take some time for the eight teams of the Galaxy Fund to secretly withdraw their funds.
Although these things were not low in technical content, they carried little risk.
Xia Yu could safely leave them to Liu Yao and Tang Yong to execute.
On the Hong Kong side, the thing that Xia Yu is most concerned about at the end of the year is the listing of eight companies, including Galaxy Studios and China Gas.
With the green light from the Securities and Futures Commission and the special case being handled as a special case, the listing process of five original veteran companies, including China Gas and Hong Kong Electric, has gone very quickly.
Xia Yu had originally thought that one of these five companies would be the first to go public.
Unexpectedly, Jiuding Securities Company was even more powerful.
Using the name of a shell company, it took only 16 days to buy 67% of the shares of a worthless listed company with a market value of just over 23 million Hong Kong dollars from both inside and outside the market.
Of course, because of the pursuit of time efficiency, the cost of the acquisition was relatively higher. For this company with a market value of over 23 million Hong Kong dollars, it cost over 26 million Hong Kong dollars to acquire 67% of the shares.
But that didn't matter, because the assets of this company could actually be sold off later, which was actually equivalent to spending just over 80 million Hong Kong dollars to buy a listed company shell.
Spending just over 80 million Hong Kong dollars and saving a year or two is definitely a good deal!
After the acquisition, in order to facilitate post-listing operations, Jiuding Securities did not transfer all of the equity to Galaxy Movies, but only the vast majority. Then Jiuding Securities retained a portion, and gave some to Jiuding Bank and Standard Chartered Bank.
After that, Galaxy Film injected its assets into the newly purchased shell company, and the supervision was also given the green light.
Moreover, the board of directors had already been completely controlled, and what's more, Galaxy Film was very lenient when injecting capital, completely taking advantage of the original shareholders. Therefore, no shareholder objected, and the proposal was passed unanimously.
After the assets were quickly injected, the name of the listed company was immediately changed to Galaxy Film.
In this way, Galaxy Film was transformed into a listed company.
It's just that it's still suspended from trading.
The new Galaxy Movie Company has a total share capital of 3 billion shares after the change of ownership.
Jiuding Culture Media Group is the largest shareholder, with 1.764 billion shares, accounting for 58.8% of the total.
Jiuding Bank is the second largest shareholder, with 400 million shares, accounting for 13.33% of the total.
Jiuding Securities Company is the third largest shareholder, with 390 million shares, accounting for 13% of the total.
Standard Chartered Bank is the fourth largest shareholder, with 363 million shares, which is 12.1%.
Wu Siyuan is the fifth largest shareholder, with 47.4 million shares, which is 1.58%. Originally, he held 2.5% of the shares, but because of the expansion of Galaxy Movie Company in the early stages, Xia Yu injected capital several times, which caused Wu Siyuan's shareholding ratio to keep decreasing.
Yuan Heping is the sixth largest shareholder, with 32.4 million shares, accounting for 1.08% of the shares. He was diluted even more because, compared to Wu Siyuan, his personal assets were even less, and he gave up twice during the several capital expansions.
The remaining 3.3 million shares are still scattered around, held by retail investors, and together they only account for about 0.11% because the total share capital of the company skyrocketed after the share expansion.
Galaxy Films completed all the procedures in record time and then applied to the Hong Kong Securities and Futures Commission for a resumption of trading on 27 November, which was approved.
Monday, 29 November.
The Hong Kong Stock Exchange is buzzing with activity and laughter can be heard from time to time.
Lu Jiawei is 46 years old and has been a stock investor for 23 years since the age of 23.
He feels that he is not a bad investor, and at the height of the boom, his assets once exceeded 1 million Hong Kong dollars, making him a well-known leader among retail investors.
However, he has also experienced many stock market crashes, and has lost everything several times.
His millions of Hong Kong dollars have long since vanished, and the stocks he currently holds are only worth a few hundred thousand Hong Kong dollars, and they are basically all locked in. The friends who used to surround him have basically all gone.
According to Lu Jiawei's long-held theory, he just lacks a little bit of luck.
But today, his luck is about to change!
Because he owns 25,000 shares of Hefeng Commercial Company!
Of course, Hefeng Commercial Company disappeared from this world a few days ago, and it was replaced by Galaxy Movie Company!
The worthless stocks of Hefeng Commercial Company that he held have turned into the hot stocks of Galaxy Movie Company!
Last year, he invested more than 80,000 Hong Kong dollars to buy 25,000 shares of Hefeng Commercial Company. The stock price had been rising, giving him a floating profit of more than 100,000 Hong Kong dollars. However, Hefeng Commercial Company experienced a stock market crash last year and then went bankrupt, turning it directly into the worst stock among the worst stocks.
Before the suspension of trading this month, the 25,000 shares were worth less than 60,000 Hong Kong dollars!
Because the stock had been in the portfolio for a long time and had shrunk by four-fifths compared to when it was first invested in, Lu Jiawei was also feeling a little disillusioned. Even when he encountered a secret takeover by Jiuding Securities, he still refused to sell, clinging to a glimmer of hope.
After all, the share price of Hefeng Commercial had also hit rock bottom, and no one had been interested for nearly a year. Suddenly someone was buying it up, so there must be something going on that he didn't know about. He wanted to take a gamble! What if it really took off again?
It is this glimmer of hope that has given him today's surprise and anticipation.
'Lu, 25,000 shares, this time you are going to make a fortune, it is worth at least 150,000 to 160,000 Hong Kong dollars!'
'I knew it, you have good judgement, you will definitely make a fortune again...'
As Lu Jiawei looked at the blank trading board with excitement and trepidation, his old friend, the fat man Peng Kang, who was standing next to him, muttered in his ear with envy.
'Hey, unlike me, the fool, who couldn't hold back and sold 20,000 shares of the Feng Commercial Company's stock, otherwise I could have made a fortune with you now.
'Lu, you've struck it rich this time, but don't forget your old friend. You have to treat me to a meal.'
Lu Jiawei was glowing with praise, and he could also empathise with Peng Kang's feelings. He patted Peng's fat shoulder and said without hesitation, 'Peng, as long as the share price doubles today, you can choose the place!'
'You said it!'
'According to the financial report released by Galaxy Studios, as of November 15th this year, the total revenue for the beginning of the year was as high as 2.148 billion Hong Kong dollars, and the net profit reached 1.515 billion Hong Kong dollars. If the stock price doesn't rise at least twofold, I'll have my head chopped off!'
'I don't care, I'm jealous. You have to treat me today. I want to go to Lan Kwai Fong and party for three days!'
'Okay, okay, as long as you can handle it, if the price goes up twofold, we'll go to Lan Kwai Fong!'
Lu Jiawei hurriedly said, then stopped Peng Kang from continuing.
'The market will open soon!'
Sure enough, less than five seconds after Lu Jiawei's words fell, the Hong Kong United Stock Exchange officially opened.
Almost everyone was looking for the whereabouts of Galaxy Movie Company.
'Where is Galaxy Movie Company?'
'Galaxy Movie Company has appeared!'
'My God, so fast, it's taking off!'
...
'I'm lost, Lao Lu, this is a double jump at the opening, I'm going crazy! You're rich! You're rich! You know that? You're rich...'
When he saw that the initial offer price for Galaxy Movie Company was HK$4.75, Peng Kang, who was standing next to Lu Jiawei, stared at him with his narrow eyes as wide as they had ever been since he was born, grabbed Lu Jiawei's hand and shook it wildly, yelling out.
Lu Jiawei also laughed so hard that tears came to his eyes without him realising it.
'Hahaha, my luck has changed, hahaha...'
At the same time, there were bursts of unrestrained laughter all over the exchange.
Of course, there were also more people cursing themselves and wailing, and some even directly slapping themselves hard in the face. These people were all those who had sold their shares in Hefeng Commercial Company.
In the past few days, they had been immersed in regret and self-blame every day, and these circumstances had reached a climax on this day, completely breaking them.
Before Hefeng Commercial Company's suspension, the stock price was only HK$2.31 per share.
But now, the opening price was a buy order of HK$4.75 per share.
And in a short period of time, it kept rising straight up.
HK$4.87 per share!
...
HK$4.95 per share!
...
HK$6.54 per share!
In just ten minutes or so, the share price of Galaxy Movies had risen 2.8 times compared to the pre-suspension price!
HK$6.67 per share!
When the latest buy order was placed, the entire exchange erupted in shocked cries.
According to Galaxy Movie's total share capital of 3 billion shares, and based on the latest quote, Galaxy Movie's market value officially exceeded HK$20 billion!
Another company with a market value of HK$20 billion has appeared!
And its market value has jumped to first place in Hong Kong!
It has become the largest listed company in Hong Kong!
As the screams of surprise echoed through the stock exchange,
in a private room on the second floor,
Xia Yu, Wang Qi, Wu Siyuan, Yuan Heping and others were all inside, looking out the window at the frantic scene below.
'It looks like Hong Kong has two more billionaires!'
Xia Yu said to Wu Siyuan and Yuan Heping with a smile.
The smiles on their faces could not be hidden at all. They had been smiling ever since the stock market opened, and their faces were about to crack from smiling so much.
'Chairman, it's all thanks to your cultivation. Without you, there would be no me!'
'Chairman, the wisest decision I have ever made in my life was to work with you!'
Wu Siyuan and Yuan Heping said with emotion.
Although both of them are now worth over 100 million yuan and are top-level big shots in Xiangjiang, their attitude towards Xia Yu is even lower than before.
Although they are responsible for the success of Galaxy Studios today, they are not irreplaceable.
It is the resources of the consortium and the chairman's wise decisions that have made Galaxy Studios a leading film company in Xiangjiang and even in Asia in just a few years.
Before the year is over, Galaxy Studios will have a revenue of 2.148 billion Hong Kong dollars and a net profit of more than 1.515 billion Hong Kong dollars, mainly thanks to the movie 'E.T. the Extra-Terrestrial'.
Just a while ago, Galaxy Studios received 130 million Hong Kong dollars for the game rights purchased by Atari, not to mention the larger share of movie box office!
And they also know that Galaxy Studios is just one of the companies under Chairman Xia Yu, and it is not the most important company yet.
It is just such a film company that has a market value of over HK$20 billion. It is terrifying to think about how terrifying the chairman with a kind smile on his face really is!
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