novelraw Chapter 486: record
Chapter 486: record
Chapter 486 Setting a Historical Record
Monday, October 26.
The Hong Kong stock market was closed for four days and fell as soon as it opened at 10:00. For example, in America, after the big drop on the 19th, the government took a series of measures. After the market opened for a while on the 20th, it began to rise. By the end of the day, the stock index had risen by 102 points. On the 21st, it rose again compared with the 20th. 186 points. But the Hong Kong stock market plummeted. By the time it closed in the afternoon, it had dropped a full 1,120 points to 2,241 points, a drop of 33.33%, setting a record for the largest single-day decline in the history of the Hong Kong stock market.
After the stock market closed, Nie Zhan called several leaders from the investment department over for a meeting. Before the stock market crash, the stock price of Wansheng Real Estate was HK$18 per share, but now it is only HK$13 per share, a drop of more than 27.7%. Among stocks, this decline is not bad.
Also before the stock market crash, 23% of the debt was repaid, and then a wave of rights issues were raised to raise funds. Investors still have confidence in Wansheng Real Estate.
Nie Zhan’s meeting this time mainly focused on land hoarding. His goal was three billion. Act quickly while others are still immersed in the stock market crash and have not reacted.
Manager Xiong from the investment department heard that he wanted to hoard 3 billion in land, and said: "Boss, we only have a little over 1.2 billion in our account, and we can only spend 1 billion at most to hoard land. The remaining 2 billion..."
Nie Zhan said: "Wansheng Real Estate has spent one billion to hoard land, and Xinxin Real Estate has spent two billion to hoard land. When the time comes, the two companies will work together to develop real estate."
Manager Xiong naturally knows about Xinxin Real Estate, which is the company of the future landlady. It's just that Xinxin Real Estate has not been listed and is a private enterprise, which means that the boss lady will spend 2 billion to hoard land in the future. This is two billion, not two hundred million. At this moment, he suspected that he was hallucinating.
The deputy manager was more impatient than him and asked: "Boss, Xinxin Real Estate has spent 2 billion to hoard land? Are you sure?"
Nie Zhan was not angry and said with a smile: "Before the stock market crash, Miss Lu had a premonition that there would be a big shock in the stock market, and she made a lot of money in the stock market this time."
Jiaxin wants to hoard land in large quantities, and the money must come from a source. The upper echelons of Hong Kong City are well-informed. Jia Xin's actions are so big, even if he doesn't say it now, the news will come out when he waits to hoard land.
Manager Xiong and the two deputy managers almost stared at Nie Zhan with their eyes wide open.
Nie Zhan knew what this meant. He shook his head and said: "This is actually a huge gamble. The winning rate is only 1%. Naturally, I will not do it."
The three people were a little disappointed, but soon they became happy again. Manager Xiong said: "Boss, then we can take over all the land we were promising before."
With the current situation of the stock market, real estate has also been affected. The land that was previously promising will definitely see a price reduction. As for how much it can be reduced, it depends on market feedback.
Nie Zhan told them not to tell the news to anyone else: "The outside world knows about our company's financial situation and will not compete with us."
Manager Xiong and the other two people immediately said they would keep the matter under wraps.
When the three of them went out, the deputy manager named Zhang whispered: "How much do you think Miss Lu earned this time?"
Manager Xiong said: "With a land hoarding of 2 billion, even if the highest leverage is used for short selling, the principal would be more than 400 million. Based on Miss Lu's net worth, this should be the limit."
What he meant was that Lu Jiaxin had earned at most two billion.
Another deputy manager praised: "Miss Lu is brave, and our company will also benefit from it."
Although it is a land owned by Xinxin Real Estate, given the relationship between Miss Lu and her boss, she can only cooperate with their company to develop it, and will not take advantage of outsiders.
Deputy Manager Zhang lowered his voice and said: "In the past, Secretary Wang said that Miss Lu was lucky to have a good husband. Many people in the company didn't believe it and thought it was nonsense. Now let's see who doesn't believe it anymore."
When the boss first took over the company, everything was in order without any splashes. At that time, many people in the company felt that his reputation was in vain. Who would have thought that since he fell in love with Miss Lu, he recruited senior staff with high salaries and carried out drastic reforms, and the company's market value tripled in just three years. Manager Xiong was silent. He belongs to the category of disbelievers, but it is difficult not to believe it now.
Lu Jiaxin walked out of the school gate after school and saw Su Heyuan. The smile on his face was like a blooming morning glory. She turned her head away because she was disgusted.
With the lesson learned last time, Su Heyuan did not talk about stocks outside. He returned to the apartment and entered the study. As soon as the door closed, he couldn't wait to say: "Jia Xin, Jia Xin, today the Hang Seng Index fell 33.33%, last Monday fell 11%, and it fell nearly 45% in the past two days. Jia Xin, We made a lot of money.”
With a principal of 40 million and a leverage of ten times, he made a total of 180 million (excluding handling fees and taxes). At the close of trading today, he screamed excitedly in the office. It was so exciting.
Lu Jiaxin asked with a smile: "I will sell when the market opens tomorrow morning, you can sell too!"
In her memory, the Hang Seng Index seemed to have fallen below 2,000 during the stock market crash, which meant that it would fall further tomorrow. But I’ve already made a lot, so there’s no need to gamble at the lowest point.
Su Heyuan said with a smile on his face: "Okay, I will tell the stockbroker later that I will close my position when the market opens tomorrow. Jiaxin, thank you. Without you, not only would I not be able to make so much money, I might even need the 40 million." It’s a loss.”
“Jiaxin, whatever you want, I’ll buy it for you as long as I can buy it.”
Lu Jiaxin was not polite to him this time: "Go to the mainland and collect a batch of antique calligraphy and paintings for me. It will be within two million."
“Two million is too little, at least five million is needed.”
Lu Jiaxin did not refuse this time and said with a smile: "You said before that the more you earn, the more you will donate. How much are you going to use to buy medical equipment?"
Su Heyuan did not regret it. After all, the donation was only a small amount, and he still took the bulk of it himself: "Ten million Hong Kong dollars, do you think it's okay?"
“Yes, but this matter must be implemented as soon as possible, otherwise I will not be able to explain to Brother Gu.” Lu Jiaxin said.
Gu Wenfeng was forced by Lu Jiaxin to stay in the hospital for a month, and returned to Sijiu City the day after he was discharged. He promised Lu Jiaxin that he would help her select some useful retired soldiers when he returned, and he would come back to train these people when he recovered from his injuries.
Gu Wenfeng originally planned to go back to Sijiu City and never come back again. He is already a useless person. He can't do any work if he is left with a high salary. He has no face. But Lu Jiaxin said that if he did not go back, the medical equipment promised before would not be donated. I had no choice but to agree.
Su Heyuan responded with a smile, then looked at Lu Jiaxin with bright eyes and said, "Jiaxin, no matter what you speculate next time, tell me!"
This time he regretted not following him. He should use all the 35 million he spent to buy stocks to follow up, and then he could earn more than 300 million. Alas, a thousand dollars can’t buy it, I already knew it! Still underestimated Jia Xin's financial fortune.
Lu Jiaxin said with a smile: "When did I miss you? I told you about foreign exchange last time and short-selling futures this time."
Su Heyuan smiled and said: "Yes, yes, yes, it's all thanks to Jiaxin that you took care of me, otherwise I wouldn't have the good life I have now."
His total net worth is only more than 200 million, and he made more than 200 million from stocks and short selling this time. No wonder Hong Kong City is most famous for its finance and real estate. Money comes quickly!
Dad has to work overtime at night and cannot come back. He gets irritable when he thinks about having to help with his homework.
(End of this chapter)