Chapter 175: 135 Million

The next day, Wednesday, the stock market was operating normally. Xia Yu arrived at Jiuding Securities Company early in the morning.

"Boss, here is the latest situation of the company. Please take a look!" 

Wang Qi, along with Ai Le Wen and Jin Jia Jun, came to Xia Yu's office. They presented their respective work progress reports in writing.

After reviewing the documents, Xia Yu had a basic understanding of the company's current situation.

First, on Wang Qi's side, after so long, the remaining 55 million HKD in the exclusive account, which involved leveraging ten times the financial leverage, had all been invested in Wharf Holdings stocks. A total of 4 million shares were acquired, representing 4.08% of the total share capital, with an average purchase price of 13.75 HKD per share.

Up to now, the 285 million HKD of funds had all been spent. Among this, 222 million HKD was used to buy Wharf Holdings stocks, totaling 16.84% ownership with 16.5 million shares.

In addition, there was the 4.9% stake in Cheung Kong Holdings that had been held for a long time.

The positive impact of the Qingzhou Yingni Company's acquisition had been fully absorbed by Cheung Kong Holdings.

Therefore, recently, Cheung Kong Holdings' stock price had stabilized.

Currently, Cheung Kong Holdings had a total market value of 1.651 billion HKD, ranking 26th on the latest Hong Kong company list, up by four positions.

Xia Yu owned a 4.9% stake in Cheung Kong Holdings, worth 81 million HKD. He had spent 63 million HKD on the acquisition, with a floating profit of 18 million HKD.

In addition, Wang Qi managed the money earned from Qingzhou Yingni Company.

Previously, there was 115.5 million HKD, but recently 2 million HKD was spent on buying houses for Xia Jun and Xia Lei, 1 million HKD was spent on leasing office space for Jiuding Animation Company, and another 500,000 HKD on renovations, office supplies, and a new car for the family.

So, the remaining investment funds should be 112 million HKD.

However, Xia Yu was not foolish enough to leave such a large sum of money idle in a bank account. After all, he was in finance and wouldn't do something so foolish. Therefore, after obtaining this over 100 million HKD, Xia Yu directed Wang Qi to engage in short-term investments.

Unfortunately, the amount was too large. In a short time, only about 70 million HKD was invested in the market, across ten projects. Xia Yu had planned seven of them, while Wang Qi selected the remaining three.

So far, nine of the ten projects had realized floating profits, with one showing a slight loss. The loss came from one of Wang Qi's selected projects, and the two projects Wang Qi selected had floating profit rates ranked 7th and 9th among the ten projects.

From this, it was clear that Wang Qi's vision still had a significant gap compared to Xia Yu.

However, achieving profits was already quite good!

Over these days, the total floating profit from the ten short-term investment projects had reached 5 million HKD.

350,000 HKD was spent, but with a floating profit of 5 million HKD, the free funds had increased by 1.5 million HKD to 117 million HKD.

This is the charm of finance; with enough funds and precise vision, the stock market is like an ATM, making money very easily!

Jin Jia Jun managed the Huijin No.1 Fund with 200 million HKD. The fund was continuously entering the market without using leverage, as the funds were already sufficient. There was no need to increase risk, and excess funds might lower the overall investment return rate, which would harm Xia Yu's interests.

According to Jin Jia Jun's report, 60 million HKD had been spent so far. Among this, 30 million HKD was used to buy HSBC shares, holding 0.25% of the total shares.

20 million HKD was used to buy Hang Seng Bank shares, holding 0.47% of the total shares.

10 million HKD was used to buy Cheung Kong Holdings shares, holding 0.62% of the total shares.

The stock prices of these three companies had been rising, but the short-term gains were small, with floating profits of less than 800,000 HKD.

The remaining 140 million HKD was also being used for short-term investments, achieving a floating profit of over 1 million HKD.

In total, the floating profit was about 2 million HKD.

Ai Le Wen managed the Huizhong No.1 Fund, and their investment situation was somewhat different from Jin Jia Jun's. It seemed they had discussed and divided the investment targets.

Huizhong No.1 Fund had spent 50 million HKD, 10 million HKD less than Jin Jia Jun's Huijin No.1.

Ai Le Wen also bought HSBC shares, spending 20 million HKD, holding 0.167% of the shares.

Together with Jin Jia Jun's fund, their combined investment of 50 million HKD was not significant compared to HSBC's market value of over 12 billion HKD.

Next, 15 million HKD was spent on buying New World Development shares, holding 0.926% of the total shares.

At present, these investments had realized floating profits of over 600,000 HKD.

The remaining 50 million HKD was used for short-term investments, achieving floating profits of about 600,000 HKD. Combined, the total profit was around 1.2 million HKD, which was quite good!

After reviewing everything, Xia Yu smiled and said with satisfaction, "Well done, I'm very pleased with your performance."

"Thank you for the compliment, boss!" Wang Qi and the others quickly replied modestly.

"Wang Qi, transfer all the Cheung Kong Holdings shares you hold to Jin Jia Jun, and continue with the plan for the principal."

"Jin Jia Jun, after receiving Wang Qi's 4.9% stake in Cheung Kong Holdings, plus your current 0.62% share, you will hold a total of 5.52%. After the transfer, announce it to the public tomorrow."

Xia Yu said to Wang Qi and Jin Jia Jun.

Wang Qi and Jin Jia Jun exchanged glances and then replied respectfully, "Understood!"

"Ai Le Wen, continue with the planned investments for the Huizhong No.1 Fund. 80% of the funds must be used for the targets I previously designated, and the remaining 20% can be freely invested."

Xia Yu said to Ai Le Wen.

"Understood!" Ai Le Wen nodded in response.

"Jin Jia Jun, since you manage twice the amount of Ai Le Wen's fund, I'll give you a 30 million HKD free investment quota. The remaining 170 million HKD should be invested according to my designated targets. Understood?"

Xia Yu said to Jin Jia Jun.

The free investment quota was intended to help them develop their abilities. If they only followed Xia Yu's instructions, any trader could do that. He needed not puppets but people who could earn money for him! The better they honed their skills, the more beneficial it would be for Xia Yu.

Jin Jia Jun and Ai Le Wen joined Jiuding Securities Company because they wanted to grow. If they were just puppets, they would leave eventually.

Hearing Xia Yu's words, Ai Le Wen showed a trace of envy. Although his freedom was less than Jin Jia Jun's, Jin Jia Jun's fund was twice as large.

But this envy was fleeting. Ai Le Wen was determined that this was just the beginning. As long as he proved his ability, he would manage more funds. He was confident that his abilities were not inferior to Jin Jia Jun's!

After they left, Wang Qi called Jin Jia Jun to handle the stock transfer.

First, Jin Jia Jun sold some short-term investment stocks to raise funds, collecting 81 million HKD.

Then, the 4.9% stake in Cheung Kong Holdings was transferred to the Huijin No.1 Fund account, and 81 million HKD was transferred from the Huijin No.1 account to Wang Qi's account.

The 81 million HKD received, along with the remaining 63 million HKD principal in the exclusive account, would be used to continue buying Wharf Holdings stocks.

The remaining 18 million HKD in profit was deposited into another account, increasing the total funds to 135 million HKD, enhancing their strength once again.

Later, Wang Qi and Jin Jia Jun reported to Xia Yu that the transfer had been completed.

In the afternoon, Xia Yu called Li Chao Ren's office...

"Hello, Mr. Li, good afternoon!"

"I wanted to discuss something with you. I'm optimistic about your company's prospects, so I had my subordinates buy a substantial amount of your company's stock. Although it's quite a bit, please rest assured that it's purely financial investment... Yes, over 5% of the shares... Thank you!"

After hanging up, Xia Yu smiled.

He had communicated with Li Chao Ren. During the call, Li Chao Ren was surprised but did not show any dissatisfaction. Instead, he thanked Xia Yu for his support.

Although Xia Yu didn't mention the board seat, Li Chao Ren understood from the mention of over 5% shares and proposed holding a board meeting to welcome Xia Yu.

---

On the other side, in Li Chao Ren's office at Cheung Kong Holdings.

After hanging up, Li Chao Ren sat on the chair in contemplation, analyzing the pros and cons of Xia Yu joining the

 board.

After repeated consideration, he smiled.

He realized that if Xia Yu joined the board and, as stated in the call, did not interfere with company operations, it would be very beneficial.

The most obvious benefit was that Xia Yu's reputation would impact Cheung Kong Holdings' stock price. Once announced tomorrow, the stock price would definitely rise, though the extent was uncertain.

After all, even the stock god was highly optimistic and had invested heavily for a board seat, indicating Xia Yu's commitment. Speculative investors and institutions would definitely increase their confidence in Cheung Kong Holdings.

Moreover, with Xia Yu on the board, his relationship with Xia Yu would become closer. Xia Yu's companies, Jiuding Media and Jiuding Securities, would likely not be hostile and might even be inclined to support him, which was very beneficial for Li Chao Ren!

Not only did Xia Yu want to be friends with him, but Li Chao Ren also wanted to build a closer relationship with Xia Yu. He certainly welcomed Xia Yu's addition!