Chapter 721: Another profit of several hundred million

Gavin Peter nodded solemnly and said, 'Chairman, I understand. I will do my best to complete the work!'

At this time, Gavin Peter was full of fighting spirit. If he could acquire the six publishers and one publishing and distribution company, Jiuding Book Publishing would complete a qualitative leap.

At present, Jiuding Book Publishing is only the overlord of Hong Kong and Macau, and the top publishing group of Island Press, with its overall strength ranking first in East and Southeast Asia.

Outside of Asia, it also has a certain influence in the United Kingdom, having acquired the Guinness World Records Company.

However, as long as this strategic acquisition is completed, even if it is only half completed, it will be enough to transform Jiuding Book Publishing Company.

'Well, come on, I believe you won't let me down!'

Xia Yu smiled and encouraged, having some confidence in Gavin Peter.

According to the trajectory of his previous life, the future of the person in front of him was that he had served as the president of Penguin Publishing Group, in charge for decades, allowing Penguin Publishing Group to make large acquisitions and single-handedly turning it into the world's largest publishing group. There was absolutely no doubt about his abilities.

Now he has the full support of the capital, there is no reason to believe that Gavin Peter will do worse.

'Chairman, then I will go back and make a plan,'

Gavin Peter said as he got up.

Xia Yu also got up and said, 'Well, I will say hello to Liu Tianci, and you can contact him directly then.'

'Okay!'

After seeing Gavin Peter out the office door, Xia Yu looked at the time and found that it was already half past eleven. He went straight home.

When he returned to the apartment, the nanny was already preparing lunch, but Xia Yu noticed that Li Qian was not in the living room.

However, her shoes were already by the door, so she had obviously returned.

'Sir, madam is in the room,'

the nanny reminded Xia Yu in a low voice as she brought out the dishes.

'Yes, I know!'

Xia Yu said, and then went straight upstairs. Sure enough, he saw Li Qian in the bedroom.

However, Li Qian was sitting at the desk, intently reading some documents, and did not notice Xia Yu standing in the doorway.

Xia Yu was a little curious, so he knocked on the door, waking Li Qian up.

Seeing Xia Yu, Li Qian stood up from her desk with a smile on her face and rushed over to him: 'Ah Yu, you're back, I'm sorry, I didn't notice.'

'It's okay, what were you looking at so intently?'

'The foundation collected some information, originally Ling Jie would have someone make a charity plan, but I wanted to get personally involved, so I took some of the information home, just now I was thinking about how to help those poor children,'

Li Qian pursed her lips and said honestly.

Xia Yu paused in his stroking of Li Qian's face, and looking at the determination in her eyes, he smiled and said, 'Well, you have to get involved yourself to understand it. Good luck!'

Xia Yu scratched Li Qian's nose and said intimately, 'But before working, you have to eat first. Let's go, let's go downstairs for lunch first, and then we can work after lunch.'

Li Qian nodded lightly and obediently replied, 'Yes!'

Afterwards, the two walked downstairs holding hands. After lunch, Xia Yu and Li Qian designed a charity plan together and didn't rest until 1:30.

At 3:00 p.m., Xia Yu arrived at Jiuding Securities and found Wang Qi in the office.

'Wang Qi, what's the situation with Huaguang Shipping and Huaguang Real Estate?'

As soon as he entered the office, Xia Yu sat down on the sofa and asked straight to the point.

Wang Qi immediately got up from his desk and found a blue file box from the cabinet behind him.

After Xia Yu opened the box, Wang Qi began to report the results as if he knew them by heart.

'Chairman, the shareholdings of these two companies have been bought up, and the stock prices have now rebounded slightly.'

'Among them, Huaguang Shipping was bought at the bottom at around 620 million, acquiring 22% of the shares, at a total cost of 139 million Hong Kong dollars.

'The lowest price of Wah Kwong Properties' shares was HK$510 million. After the bottom was picked, the price began to rise again. A total of 27.6% of the shares were acquired, at a cost of HK$143 million.'

'The market value of Wah Kwong Shipping has now risen back to HK$680 million, and that of Wah Kwong Properties to HK$570 million.'

'In addition, the previous short selling of Wah Kwong Shipping made a profit of 115.6 million Hong Kong dollars, and the short selling of Wah Kwong Real Estate made a profit of 65.6 million Hong Kong dollars, for a total profit of 181.2 million Hong Kong dollars!'

Seeing this detailed result, Xia Yu gave a satisfied smile and praised, 'Not bad!'

'Thank you, Chairman Xie, for your praise!'

Before the short selling, the market value of Wah Kwong Shipping was 1.28 billion Hong Kong dollars, and the market value of Wah Kwong Real Estate was 920 million Hong Kong dollars.

However, later, the two companies were short-sold and their market value fell to 620 million and 510 million Hong Kong dollars respectively. Wah Kwong Shipping fell by more than 50%, while Wah Kwong Properties was luckier, with a fall of just over 40%.

However, the combined market value of the two companies evaporated by 1.09 billion Hong Kong dollars, and Xia Yu made more than 180 million Hong Kong dollars from it, which is not bad.

Now that he has acquired so many shares in the two companies, he has only spent a total of HK$282 million.

When the market value recovers later, even if it no longer breaks through, he will be able to make a profit of more than HK$260 million by cashing in these holdings.

Together with the profits from short selling, the net profit will be more than HK$400 million, which is definitely a big profit.

For a moment, Xia Yu had the idea of taking over a few more companies.

Fortunately, it was just a fleeting thought, and he was not foolish enough to incur the wrath of the gods and the people. The Zhao family had this time fallen into his hands, and it was only natural for him to clean up the Zhao family. He was upright and could not be accused by anyone.

However, if he did not know how to restrain himself and plundered other big families for no reason, it would seriously disrupt the financial order. Not only would he offend the Hong Kong government, but also all the big families would band together against him, and the losses would outweigh the gains.

After this incident subsides, there is nothing to worry about with a normal takeover of the company.

Xia Yu put the share certificate and contract back in the blue file box, and handed it back to Wang Qi, saying, 'The future of Wah Kwong Shipping is bleak. After the stock price is speculated up, cash out all of it.'

'It is better to continue to hold Wah Kwong Real Estate. When the time is right, I will let you cash out and then cash out again.'

In recent years, the real estate industry has seen astonishing growth, and the share price of Wah Kwong Real Estate Company definitely still has a lot of room to rise. The best time to cash out is before the stock market crash in 1983, and then continue to buy on the cheap after that.

Then after the 1983 crash, the Hang Seng Index was around 600 points, and before the global stock market crash in 1987, it rose to around 4,000 points, an increase of nearly six times. At that time, it would be the best choice to reap the profits and buy on the cheap again.

'Good!'

After answering, Wang Qi locked the document box back in the safe.

Then he sat down again and reported something to Xia Yu: 'Chairman, there is something I need to report to you, it's about Wing Lung Bank.'

'Wing Lung Bank plans to go public, and Standard Chartered Bank is pushing it behind the scenes. In order to pump up the stock price, the senior management of Wing Lung Bank contacted me, planning to have our company be one of the underwriters.'