It's really difficult for Shen Bi to value Wujiang Company right now.

Generally speaking, market capitalization is more than twice the revenue.

But not only are Wujiang Company's profits very high, but its development speed is also very fast, and its potential is huge.

Zhao Ye was dissatisfied with the low valuation.

The valuation is too high, so HSBC will suffer losses... Well, it won't really suffer losses, since it's lending money out and will incur interest.

Today, Imagine digital pagers, a product of Wujiang Company, are extremely popular.

Wujiang Company's annual revenue may exceed 4 billion RMB.

After thinking for a while, Shen Bi said, "The development of Wujiang Company has exceeded my expectations. I value Wujiang Company at 12 billion RMB. Do you think you can accept that?"

Zhao Ye wanted to raise the price, but Shen Bi refused.

"I've studied Wujiang's revenue carefully. The reason for its rapid growth this year is that its products, such as Chinese and English typewriters, digital pagers, and motherboards, currently have no suitable competitors, which is why they are selling so well. However, this does not mean that Wujiang can maintain such a rapid growth rate next year. As far as I know, Motorola is about to launch a digital pager, some Japanese typewriter companies are also about to launch Chinese typewriters, and even your company's motherboard business will soon face competition."

At this point, Shen Bi paused, then casually said, "Therefore, the valuation I gave your company is actually quite reasonable."

Upon hearing this, Zhao Ye even felt that what the other person said made sense.

In reality, other companies' production costs are higher than Wujiang's, so in terms of competition, Wujiang will ultimately have the advantage.

Therefore, Zhao Ye was not afraid.

Although the price will be a little cheaper at that time, the profit will still be considerable due to the principle of small profits but quick turnover.

Moreover, most government agencies in China choose to purchase products from Chinese companies, such as typewriters and personal computers.

Zhao Ye was satisfied with the valuation of 12 billion RMB. Besides, it wasn't like he was selling shares; no matter how the other party valued them, he would redeem them soon.

This time, they only plan to pledge 10% of the shares (20% revised to 10%), worth 1.2 billion RMB. Based on the exchange rate of 1 to 3 USD, they can borrow 400 million USD from HSBC.

This would allow them to raise $550 million.

Of that, $500 million was used in the foreign exchange market, with a leverage ratio of 10.

The remaining $50 million is to be used as a precaution, to add margin at any time and avoid being forced to liquidate.

In the foreign exchange market, the general trend is a sharp drop in the US dollar and an appreciation of the Japanese yen, but there may be some fluctuations in the process. Who can remember exactly when they will happen? In order to ensure safety, Zhao Ye still left enough margin.

Three months after the Plaza Accord was signed, the RB appreciated by 20%.

Zhao Ye silently calculated in his mind: $500 million, using a leverage ratio of 10, is $5 billion. Earning 20% ​​in three months means earning $1 billion.

Of course, other expenses will be calculated separately later.

Zhao Ye had considered borrowing more money from HSBC, but on the one hand, HSBC might not dare to lend that much money; on the other hand, the larger the amount of money, the greater the risk of entering the foreign exchange market, which could have a huge butterfly effect.

Zhao Ye simply wanted to make a fortune by taking advantage of the situation and did not want any accidents to happen.

$400 million is not a big burden for HSBC.

Given Wujiang Company's earning power, repayment should not be a problem.

HSBC can make a fortune just from bank interest.

Shen Bi readily agreed, and within three days, the entire $400 million arrived in his account.

“Boss, I’m planning to buy a villa on Victoria Peak in Hong Kong. I wonder if HSBC can help me get a loan to buy it? You know, I might travel to Hong Kong frequently for business in the future, and it’s not very convenient to always stay in hotels!” After talking about mortgaging company shares for a loan, Zhao Ye started talking about getting a loan to buy a villa without any investment.

Upon hearing this, Shen Bi smiled and said, "No problem. Whichever villa you fancy, HSBC will buy it directly and then transfer it to you!"

"Thank you very much, sir!"

Zhao Ye raised his glass and smiled, "Come on, let's have a drink to celebrate our successful cooperation!"

Shen Bi smiled and nodded, raising his glass to clink with Zhao Ye's: "Cheers!!!"

"Cheers!!!"

...

The next morning, Zhao Ye went to Victoria Peak with a real estate agent to look at apartments.

He quickly took a liking to No. 1 Peak Road. At this moment, Zhao Ye suddenly remembered some news he had seen on the website: No. 1 Peak Road is located in the Mid-Levels, next to the Police Museum. Between 1985 and 1996, it was the residence of the famous martial arts novelist Jin Yong.

It seems that Jin Yong has not yet bought No. 1 Victoria Peak Road.

"This villa is the one!" Zhao Ye told the real estate agent.

The rest is for Zhou Anping and others to negotiate the price with the real estate agent and the landlord, and finally, the property will be purchased in the name of Wujiang Company.

Soon, two days later, the $400 million loan from HSBC arrived in the account.

Meanwhile, the price of the villa was also agreed upon. After HSBC intervened, the landlord was very accommodating and offered a discounted price of HK$40 million.

Zhao Ye can finally be considered a homeowner in Hong Kong.

Although the house is not large, only a few hundred square meters, and the decoration is old-fashioned European style, it is still unique. Standing in front of the bedroom balcony, you can overlook the beautiful Victoria Harbour.

No. 1 Victoria Peak Road is just Zhao Ye's first villa. He plans to buy "Ho Tung Garden" when he has more money in the future.

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