Chapter 1144: An Order of Millions of Units and a Record Empire
On Monday, August 23, the sky was clear.
With the almost comprehensive interpretation of the Sino-British Joint Declaration by Global TV last night, the issue of Hong Kong's sovereignty was known to everyone.
And after watching the interpretation programme on Global TV, the people of Hong Kong have great confidence in the future of Hong Kong.
Not to mention that this morning, all the major newspapers in Hong Kong, even the entertainment newspapers, have also reported the news of the Sino-British Joint Declaration.
When the stock market opened, the major capitals that had been waiting for a long time quickly poured into the stock market.
The Hong Kong stock market rose almost across the board, with the Hang Seng Index soaring 88 points that day, from 1,043 to 1,131.
This day became a carnival day for investors, and laughter could be heard throughout the four major exchanges.
Of course, there are always exceptions to every rule.
Just like the stock of HSBC.
Despite the overall market rise, the stock price of HSBC, which was still in the maelstrom, continued to fall, creating a beautiful landscape.
I don't know how many stock investors holding HSBC stocks cursed and swore, and in the midst of their cursing and swearing, they put their stocks up for sale at an even lower price, hoping to get out of their positions as soon as possible and get their money back to buy other selected stocks.
After the interpretation of the financial expert hired by the Global TV programme yesterday, the shareholders all know that Hong Kong will have a bright future after eliminating political risks, and the current stock market does not match the current economic situation of Hong Kong.
So the sooner you get on the bandwagon, the more money you will make!
In the face of large-scale low-priced selling of stocks by shareholders, the share price of HSBC has fallen even more rapidly.
At the close of trading on Monday afternoon, HSBC's market value had evaporated by another HK$1.23 billion compared to the previous Friday's closing price, falling to HK$8.31 billion. Compared to before the crisis, it had shrunk by more than half!
I believe it won't be long before we can buy HSBC shares at a bargain price, without even waiting for Europe and the United States to come up with a solution to the Latin American sovereign debt crisis.
In the following days, as public opinion continued to ferment, the Hang Seng Index rose every day.
Although the rise was not as fierce as on Monday, it was extremely rapid compared to the previous snail's pace.
At a little after 2 pm on Wednesday, the Hang Seng Index had officially broken through 1,200 points, and by the time the stock market closed, it had closed at 1,209 points.
The market value of HSBC had already fallen below 7 billion Hong Kong dollars, and it was continuing its downward trend.
This was considered normal by investors.
Although HSBC's net profit in the first half of the year was as high as HK$8.8 billion, it does not mean that the annual net profit will be positive after the second half of the year is over.
After all, HSBC is carrying more than US$1.83 billion in junk sovereign debt, plus loans to companies in Latin America and other countries of more than US$1.57 billion, which totals US$3.4 billion!
The risk of US$3.4 billion in debt is worth nearly HK$20 billion, which is higher than HSBC's previous market value. How can a net profit of less than HK$900 million in half a year compare?
...
Just as Jiuding Bank and Jiuding Securities were plotting to take over HSBC.
Xia Yu's previous acquisition targets set for Global Music Group's move towards globalisation were finally all acquired.
On 26 August, the last acquisition target, the equity of PolyGram International Limited, was finally taken over.
Bright Fund finally acquired Siemens AG of West Germany, obtaining a 5% stake, and raising its stake in PolyGram International to 35%. It became the second largest shareholder after Philips of the Netherlands, with a stake higher than Siemens of West Germany, and the crucial right of veto.
Of course, throughout the process, Bright Fund had spent a cumulative 390 million US dollars to acquire a 35% stake in PolyGram International.
In addition, the Bright Fund spent a total of 360 million US dollars to acquire EMI Records, a giant in the British music industry.
The full acquisition of Virgin Records cost 88 million US dollars.
The full acquisition of the British label Island Records cost 35 million US dollars.
The Bright Fund has become the leader of the British music industry in one fell swoop, and the series of acquisitions caused a huge stir in the UK.
In the United States, Polaris Capital did not do badly either.
Peter Lynch bought the RCA Group for $180 million.
He bought Epic Records, the company that owns Michael Jackson, for $170 million.
And he bought A&M Records for $110 million.
In total, the seven acquisitions cost $1.333 billion!
Although these seven companies have not been integrated with Universal Music Group,
But in practical terms, Xia Yu's music empire has already leapt to the top of the world in terms of strength.
The key to determining when Universal Music Group will be able to claim the title of the world's number one record company depends on when Universal Music Group can successfully integrate these companies in a comprehensive manner.
From the current situation, it seems unlikely that this will be accomplished in the short term.
However, whether these record companies can be integrated or not no longer affects Tiangong Electronics Group's strategic plan.
Fok Kin-ning can already use this list as leverage to negotiate with Philips and Sony.
However, before formal negotiations, it is still necessary to flex one's muscles again, and then go to talk to Philips and Sony with overwhelming authority.
At this point, there are only a few days left until September 1st, and the publicity for the Tiangong SP-S2 Walkman has already begun in full swing, with Walkman enthusiasts around the world eagerly awaiting its release.
Tiangong Electronics Group's Walkman manufacturing plant has already been producing finished products continuously, which are sent to various parts of the world according to the order quantity of distributors, and will be officially sold after the global launch on September 1st.
September 1st.
Grand product launches were held at 10am local time in Tokyo, New York, London and Hong Kong.
The new functions and exquisite appearance of the Tiangong SP-S2 Walkman captured the hearts of many customers.
The media empire of the Jiuding Group then launched a comprehensive campaign to promote the Tiangong SP-S2 Walkman.
For a time, sales of the Tiangong SP-S2 Walkman were booming all over the world.
Before 1 September, after seeing the product's performance, the major distributors of Tiangong Electronics Group placed orders in advance, with a total order volume of 457,000 units and a total order value of 81.34 million US dollars.
All 457,000 units were picked up before 1 September.
However, in the week following the global launch of the Tiangong SP-S2 Walkman,
saw how popular this portable player was, and orders from dealers all over the world came in like feathers.
In just one week, Tiangong Electronics Group received another order for a total of 596,000 units.
And the order payment of more than 100 million US dollars was all received, and major dealers were afraid that the payment would slow down the order and be placed behind.
On September 8, Tiangong Electronics Group announced the order volume of the Tiangong SP-S2 portable player in a high-profile manner—1,053,000 units.
The Tiangong SP-S2 Walkman became the fastest Walkman ever to reach one million orders.
The total turnover was a whopping 187.43 million US dollars!
Fok Kin-ning announced all these figures in full view, shocking the entire Walkman market.
This figure also caused a huge stir in Hong Kong, where the people were proud that Hong Kong's electronics giant was at the top of the world, and no one could help but be proud.
Because of this sense of honour, under the guidance of the media, the Jiuding Electric Appliance Mall welcomed a large number of customers buying the Tiangong SP-S2 Walkman.
In addition to the data announced to the public, Fok Kin-ning also presented some confidential data to Xia Yu for his review.
For example, the gross profit of the million-order Tiangong SP-S2 Walkman was as high as 141.1 million US dollars.
During Huo Jianning's report on the results, Xia Yu also learned about the total sales volume of the Tiangong SP-S1 Walkman.
Although sales of this Walkman plummeted in August, it had reached a total sales volume of 2 million units by July, which was considered a success.
With the Tiangong SP-S2 Walkman, which is even better than its predecessor, Tiangong Electronics Group will continue to be unstoppable in the coming year.