Chapter 142: Over a Hundred Million in Profit
Soon, under the personal handling of the lobby manager, the funds of 14,924,000 HKD were transferred to Xia Yu's account. Xia Yu also handed over the stock transfer contract to Li Chao Ren.
At the moment he received the contract, Li Chao Ren displayed a radiant smile; he was finally completely reassured.
In a very good mood, Li Chao Ren extended his hand once again to shake hands with Xia Yu and express his gratitude.
"Xia Sheng, thank you for your help. I look forward to our next collaboration!"
"I should be the one thanking you for your generosity. I wish you continued success in your career, Li Sheng!"
Xia Yu also happily shook hands with Li Chao Ren, smiling as he congratulated him.
This collaboration was a win-win. Although Li Chao Ren paid a high price, acquiring Xia Yu's 26% of the shares allowed his own 25% shares to be greatly enhanced.
Moreover, the strategic importance of holding Qingzhou Yingni Co. and its reinforcing effects on Cheung Kong Holdings, along with reputation and stock price returns, made this a massive gain for Li Chao Ren!
Similarly, Xia Yu also made a huge profit. He spent a total of 23,400,000 HKD to purchase these 26 million shares, averaging 0.9 HKD per share.
Yet, the 26 million shares were ultimately sold for a staggering 14,924,000 HKD, with a per-share value of 5.74 HKD, which was 6.38 times the average purchase price. This entire process took just over half a month.
The return on investment was truly astounding. Although it was still early in 1978, it was already certain that Xia Yu had secured the top spot for the highest investment return in Hong Kong this year, and no one could compete for it!
With a profit of 12,584,000 HKD from just this one operation over half a month, it was an unparalleled achievement!
If Xia Yu hadn't been reborn and known about this opportunity, it would have taken his Jiuding Securities a long time to make this much money. They wouldn't have achieved such wealth so quickly otherwise!
Furthermore, this was not the final profit. Jiuding Securities had also secretly purchased shares of Cheung Kong Holdings, totaling 3.5% equity, with an additional 1.4% recently acquired, bringing the total to 4.9%.
Once the news of the transaction with Li Chao Ren was announced, Cheung Kong Holdings' stock price would surely skyrocket. Xia Yu would also benefit from this surge, resulting in profits of at least several million HKD.
Thus, combining these figures, Xia Yu's total profit would exceed 130 million HKD, a staggering sum!
Li Chao Ren, on the other hand, would earn even more. With the current stock price, his 25% equity would at least earn him 50-60 million HKD in profit, and with the development value of the land, the figure would be even higher.
Of course, these lands would only realize their value in the hands of real estate developers like Li Chao Ren. In Xia Yu's hands, without the capability to develop, they would be worthless.
Thus, converting it to cash was more practical. With the cash, Li Chao Ren would surely make more money during the land's development over the years.
This is how the value of things varies depending on who holds them!
A battleship and a pistol are worlds apart in value, but in personal use, only the pistol is functional, while the battleship might just be for show!
The most suitable for oneself is the best!
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When Xia Yu and Li Chao Ren walked out of HSBC with smiles, surrounded by a crowd of cameras and reporters, Xia Yu said with a smile, "Li Sheng, from today, your reputation will definitely spread throughout Hong Kong and Southeast Asia. Congratulations!"
"Xia Sheng, you're the same! Haha!" Li Chao Ren also laughed.
"Haha!" Xia Yu laughed as he exchanged glances with Li Chao Ren.
Such a good reputation has a strong additive effect on both the entrepreneur and their business, which is beneficial.
Now that everything was settled, Li Chao Ren, in a joyful mood, naturally didn't refuse media interviews. If one didn't capitalize on building reputation, what was worth doing?
However, even though he was eager to build his reputation, he wasn't going to rush into interviews. A press conference was necessary to maximize the effect. Therefore, Li Chao Ren did not reveal any specific details to the reporters but informed them that a press conference would be held, and they would be notified.
Similarly, Xia Yu did not accept interviews, as his own Jiuding Daily was sufficient. There was no need to give interviews to other newspapers; better to keep the benefits within.
Under the guidance of Yan Shi Ning, Xia Yu maneuvered through the crowd and left HSBC.
---
Although the newspapers hadn't yet reported the news of Xia Yu and Li Chao Ren's deal, the information was spreading wildly in Hong Kong.
Li Chao Ren's friends were the first to call him to inquire, and upon receiving confirmation, they all sent their congratulations.
Liu Tian Ci also called Xia Yu to ask about the news. After receiving the information, he was left speechless, filled with admiration for Xia Yu.
In the stock market, Cheung Kong Holdings' stock price began to soar. It was expected to skyrocket even further after Li Chao Ren's press conference!
While Xia Yu and Li Chao Ren were delighted, Simpson, who received the news, was struck like a thunderbolt. He sat dazed on the sofa, staring blankly at the tall buildings outside.
"It can't be, it can't be…"
The thought of losing the family fortune in his hands caused Simpson immense pain, feeling unworthy to meet his father in the afterlife.
---
Unfortunately, Simpson and his son couldn't afford any illusions about the situation.
In the afternoon of the same day, Li Chao Ren held a press conference. Some evening papers began reporting the news, and that night, TVB, Jia Yi TV, Li's TV, and Hong Kong Radio all broadcasted the news.
By the next day, Jiuding Daily published the most detailed account, causing Hong Kong to be completely abuzz.
The newspapers detailed the transaction conditions from the Keynes family and Li Chao Ren's terms. Li Chao Ren also revealed that several friends had lent him money to help him gain a good reputation, which Xia Yu did not refuse, as it was a morale booster for the Chinese-funded enterprises.
In this battle, Li Chao Ren gained significant fame, becoming known as the first to defeat the British-funded company.
Xia Yu's reputation was equally impressive because he was the one who turned the tide, directly helping Li Chao Ren end the battle. Xia Yu played a decisive role in turning the situation around when Li Chao Ren was at a disadvantage.
Similarly, Jiuding Securities also gained fame from this battle. Everyone knew that with Xia Yu, Jiuding Securities had a keen investment eye. Even if they didn't make billions like this time, they would certainly make a profit.
This time, Xia Yu's title as a stock god was firmly established because no one else could earn over a hundred million in profit in a single operation!
Such a glorious achievement was undeniable. Who would dare to question it?!
With the stock god Xia Yu at the helm, Jiuding Securities' investment returns were expected to be extraordinary. Many people flocked to Jiuding Securities, eager to invest, but learned that there were no immediate opportunities. However, a fund would soon be launched for investment.
This news spread throughout Hong Kong, and many eagerly awaited the launch of Jiuding Securities' fund, hoping to secure a share and profit alongside the stock god.
Even many who had invested in other securities companies were considering transferring their funds to Jiuding Securities, knowing that no one was more impressive than stock god Xia Yu.
Show us a flawless track record, a single battle earning over a hundred million, and then speak!
To those enthusiastic investors, no other securities or fund company could compare with Jiuding Securities.
Although Jiuding Securities was a newly established company, finance is all about the people. With stock god Xia Yu, one person could match the value of ten or even a hundred others. They had confidence in Xia Yu!
Having first defeated Tian Wu Securities with Da Fa Real Estate, and now capturing over a hundred million in wealth from Qingzhou Yingni, each victory was more splendid than the last!
The ever-victorious general of the stock market—this was Xia Yu!