The 10 million US dollars that Song Yi had mortgaged for multiple properties in Seoul has now turned into 37 million US dollars. Song Yi only needs to gradually sell off his B shares by the end of May.
According to Song Yi's estimate, he could cash out about 40 million US dollars from the B-share market at one time. Excluding the 10 million US dollars of principal, his profit was close to 30 million US dollars.
In 2001, 1 US dollar could be exchanged for about 8.2 RMB. Song Yi made a profit of 246 million RMB this time.
If Song Yi invested 200 million RMB in real estate in Yanjing, Puhai and Pengcheng, it would only take a dozen years for these real estate to become 200 to 300 million RMB. Song Yi now chooses to lie low and live a carefree life without struggling.
For ordinary people, the most difficult thing is to get the first pot of gold. Didn’t Song Yi work hard in South Korea for more than half a year just to catch up with the wealth feast in May?
In late May, Song Yi flew to Hong Kong Island. He had cashed out 20 million US dollars from the B-share market. He was ready to contact Li Zekai and planned to buy 20% of Penguin shares held by Li Zekai.
If Li Zekai has no intention of selling, Song Yi plans to contact investment institution IDG, which is also interested in selling their shares in Penguin.
In 1999, Pony Ma's business venture began to show success, and he urgently needed funds to purchase servers and pay employees' salaries.
In fact, Pony Ma had already contacted overseas venture capital institutions, and finally IDG and Li Ka-shing's Pacific Century CyberWorks each bought 20% of Penguin's equity for US$2.2 million.
Song Yi arrived in Hong Kong first, and Liao Yu flew over to join her. Song Yi planned to set up a family trust fund in Hong Kong Island, and Song Yi's parents, Liao Yu and Song Miao, were both beneficiaries of the trust fund.
Song Yi booked a sea view suite at the Peninsula Hotel in advance, and from the hotel room he could see the first-line sea view of Victoria.
Song Yi picked up Liao Yu at Kai Tak Airport. Liao Yu was wearing a floral dress with an off-white women's suit jacket over it, a ponytail and sunglasses. From her appearance, she didn't look like the mother of a six-year-old child.
The Peninsula Hotel arranged a special car. Song Yi took Liao Yu's suitcase. He noticed that Liao Yu was in a bad mood. "What's wrong? Who made you angry?"
Liao Yu got in the car and said, "Nothing. The flight attendant was a little angry when she saw someone leaving the plane."
Liao Yu nodded. "Because it was a bit cold on the plane, I asked the flight attendant to help me get a blanket. The first time I asked, they didn't take it. I thought they didn't hear me, so I asked again in Mandarin, but they still didn't do anything. But as soon as the foreigner sitting behind me asked, the flight attendant immediately got it. This kind of differential treatment really pissed me off, and I almost had a quarrel with them."
Song Yi said to Liao Yu: "I asked you to book a first-class ticket, but you didn't. If you take a first-class ticket, they will definitely understand your Mandarin."
Liao Yu was still indignant, "Hong Kong has been returned to China for several years, and there are still people like this."
Song Yi comforted Liao Yu, "Okay, don't be angry, why bother with them. If you are really angry, I will help you complain about them later. Let's go back to the hotel to rest, have afternoon tea, and then take you to enjoy the night view of Victoria Harbour."
After Liao Yu entered the hotel and completed the check-in procedures, she discovered that Song Yi had only booked a suite.
Liao Yu hadn't seen Song Yi for several months, so she didn't hesitate to take a shower first, leaving Song Yi, who was ready to laugh at her, speechless.
"I thought you were going to let me book another room." Liao Yu was drying her hair outside the bathroom, and Song Yi was standing next to her and chatting with her.
"It costs several thousand Hong Kong dollars for one night. Why waste it? There are two beds in the suite. Can't we just sleep separately?" Liao Yu answered playfully.
Song Yi pretended to be disappointed, "Ah, can you bear to leave me alone in an empty room?"
Liao Yu chuckled, "Someone is very busy in Seoul. Not only does he have a regular girlfriend, he also has a non-regular girlfriend, and recently he found a beautiful female secretary. I advise him to be careful about his health, because the Song family is still waiting for him to pass on the incense."
After hearing Liao Yu's sarcasm, Song Yi didn't dare to say anything nonsense, so he dragged Liao Yu to go shopping in the mall below the hotel.
Passing through the hotel lobby is the Peninsula Hotel’s small shopping mall, which houses LV and Tiffany stores.
This LV store does not have many styles, and Liao Yu carefully selected them in the store. There is also an LV store in the Yanjing Wangfujing Peninsula Hotel. Liao Yu and Zheng Yiping visited it several times, but the prices in Hong Kong Island are still more favorable.
Liao Yu tried on a few bags, and Song Yi thought that these bags matched Liao Yu's skirt very well, so he told the clerk: "Pack up this baguette bag, as well as the pea bag and croissant I saw just now, and pay with the credit card."
Liao Yu smiled and pinched Song Yi, "Hey, what's wrong, you don't want to live like this?"
The clerk paused for a moment, waiting for Song Yi's decision. Song Yi was also happy, "Listen to me." The clerk happily packed the bag for Song Yi. They could deliver the bag directly to the hotel room.
After shopping at LV, Song Yi took Liao Yu to look at Tiffany's jewelry and picked out a necklace and a ring for Liao Yu. Liao Yu put the ring on the middle finger of her right hand and was very satisfied. "How is it? Does it look good?"
"You are good-looking, and everything you wear looks good on you." Song Yi praised.
Liao Yu was smiling happily. At this time, several young girls walked into the Tiffany store. Liao Yu looked at them, her expression changed and she snorted.
Song Yi looked up and said, "Cathay Pacific flight attendant? Do you want me to help you vent your anger?" Song Yi whispered his idea into Liao Yu's ear.
Liao Yu was cheered up by Song Yi, "You are too mean. You came up with this idea like a nouveau riche. Forget it. I am in a good mood today. I won't argue with them."
The flight attendants obviously recognized Liao Yu and looked a little unnatural. The man next to a woman represents her taste.
Song Yi has a good sense of fashion, and the Audemars Piguet Royal Oak Offshore watch on his wrist alone shows that he is either rich or noble, so they dare not offend Song Yi. Although these stewardesses cannot afford many luxury goods, they are familiar with luxury brands, and Song Yi does not look like a new money (nouveau riche) at first glance.
Seeing these flight attendants, Liao Yu lost interest in shopping. She decided to go for a stroll along the bay with Song Yi. It was only a few steps away anyway, so it would be nice for them to go together and enjoy the fresh air.
Liao Yu and her friend walked to Pier 8, a famous check-in spot in Hong Kong dramas. Not only can you see the Ferris wheel, but you can also take pictures of the entire Victoria Harbour and the Star Ferry.
It is now around six o'clock, and it is sunset time. The surface of Victoria Harbor is scattered with the afterglow of the sun, and the setting sun is getting redder and redder. Not long after, half of the sun sinks into the sea. The red sun becomes more and more dazzling, and the sea level is still calm.
When Song Yi sang the last sentence "I wish to be with you forever", Liao Yu and Song Yi looked at each other with tenderness in their eyes. She sang together in response to Song Yi to express her feelings.
Liao Yu took out a bottle of water from her bag. Song Yi took a look and found that it was a bottle of Samdo water with Kim Tae-hee's sweet portrait printed on it.
Song Yi unscrewed the bottle cap and handed the water to Liao Yu. After Liao Yu drank it, he took the bottle and gulped a few gulps.
Liao Yu asked Song Yi softly, "You seem very happy today, unlike usual. You used to be more low-key and reserved, a bit like a middle-aged man, but today you look more like a young man, full of vigor and vitality. Is there anything I don't know? Of course, if there is anything inconvenient to say, just pretend I didn't ask."
Song Yi hugged Liao Yu and said, "If you don't return to your hometown when you are rich, it's like walking in the night in fine clothes. Good things should of course be shared with family."
Song Yi and Liao Yu talked about the changes in the past two months. New Asia Entertainment has become a comprehensive media group spanning film, music, artist management, and advertising.
Song Yi laid a solid foundation for his career. In addition to this, Song Yi also revealed to Liao Yu his gains in the stock market.
When Liao Yu learned that Song Yi had cashed out 20 million US dollars from B shares, her little mouth formed an O shape in surprise, which was so cute that Song Yi couldn't help but kiss Liao Yu twice.
When Liao Yu learned about the source of Song Yi's starting capital and his specific trading methods, she couldn't help but feel scared for Song Yi, "You are too bold, no wonder you dare not tell your parents."
This time, Song Yi happened to take advantage of the time difference. On February 19, the China Securities Regulatory Commission announced a decision that domestic residents could invest in the B-share market. Song Yi's 10 million US dollars was immediately credited to his account. On the 20th, Song Yi broke the funds into small pieces and bought Vanke B, CSG B and other stocks in batches.
On the 22nd, the policy suddenly changed. The mainland China Securities Regulatory Commission and the State Administration of Foreign Exchange issued the "Notice on Several Issues Concerning Domestic Residents' Individual Investment in Domestically Listed Foreign Shares". New funds from domestic investors will not be able to enter the market until June 1st.
If Song Yi had been a few days slower, he would have missed out on this wealth feast in the B-share market. Not only that, Song Yi's 10 million US dollars might have been trapped in the B-share market, and he would have had to leave with a loss in the end.
Of course, Song Yi could not tell the truth to Song Mingzhe. To the upright Song Mingzhe, Song Yi's behavior was like taking advantage of the fire. Song Yi actually robbed the wealth of mainland investors together with overseas investment institutions.
Liao Yu is not a person with a moral obsession. She is a little worried. "If this matter is exposed by someone with ulterior motives, your reputation in the mainland market will be ruined. Will it affect Xinya's investment in the mainland?"
Song Yi disagrees. "Compared with financial giants like Goldman Sachs, Morgan Stanley, and HSBC, I only got a small bite, and I am relatively low-key. Unless someone is watching me, it is difficult to trace me. For local officials in the mainland, attracting investment is still their priority, and they will not turn away Xinya's investment projects."
"The notice plugged the loophole and inadvertently left a two-day time difference, which actually provided an entry opportunity for speculators like me. After all, for the vast majority of ordinary people, how much foreign currency they can exchange in two days is destined to prevent them from sharing this huge wealth." Song Yi sighed.
It's like an ordinary person being reborn. You know that the housing prices in China will skyrocket. Buying a house can help you accumulate wealth, but how much money do you have to buy a house? For most ordinary people, they may not earn one million in their lifetime. The current housing price in Yanjing is 4,000 to 5,000 yuan per square meter, which is still an astronomical figure for most families in the mainland.
Liao Yu listened to Song Yi's story. She knew that Song Yi could only share these secrets with her and not tell Kim Tae-hee. She just needed to be a quiet listener.
She stroked Song Yi's eyebrows and said, "It must be very hard to work hard alone in Korea, right?"
Song Yi was stunned. Liao Yu's identity was very special. She didn't seem like a lover, but more like his confidante. However, their relationship could not be exposed.
"You've been working very hard too. I heard from Zheng Yiping that in the past two months, many more manufacturers have approached Xinya to do advertising. They are optimistic about Yanjing's successful bid for the Olympic Games and want to take advantage of the Olympics to promote their brand. Sports brands will also become a marketing focus in the next few years. You should pay attention to it." Song Yi instructed.
"Okay." Liao Yu has become accustomed to Song Yi's way of chatting, and they would talk about work while chatting.
At eight o'clock in the evening, Victoria's light show begins on time. 40 buildings shine with charming colors and lights under the rhythmic music. This is also the world's largest light and music show.
Liao Yu sat on the second floor of the Tsim Sha Tsui waterfront, quietly admiring the night view of Victoria. The two of them tacitly did not speak, occasionally looking at each other and couldn't help but smile sweetly. The radio played classic Hong Kong music from time to time, and there were many dating couples around, and the atmosphere was super good.
As the night deepened, Liao Yu stood up, took Song Yi's hand, and walked slowly back to the hotel. On the way, Liao Yu couldn't help but turn around a few times and danced a short dance.
Song Yi smiled, "So happy?"
Liao Yu nodded, "Well, even if it's just a stolen moment of joy, it's like the night view of Victoria, which makes people immersed in it."
After returning to the hotel, Liao Yu still did not keep his promise to sleep separately. After taking a shower, the two of them hugged each other and fell asleep.
Song Yi and Liao Yu stayed in Hong Kong Island for almost a week, and Song Yi finally bought 20% of Penguin's shares from PCCW for US$12.8 million.
After the transaction was completed, Li Zekai asked his subordinates, "Who is this Song Yi? Why is he thinking of buying Penguin's shares at this time? It seems like he is taking what the enemy has abandoned."
Li Zekai made the decision to short-sell Penguin shares without consulting Li Chaoren. Li Zekai defeated the Lee family in Singapore last year and took control of Island Telecom. Li Zekai merged Pacific Century CyberWorks and Island Telecom to form PCCW last year.
Not long after the company went public, its market value exceeded HK$600 billion, and Li Zekai's personal wealth exceeded that of his father, Li Chaoren. Li Zekai has since been nicknamed Little Superman. As glorious as he was last year, Li Zekai is in a state of disgrace this year.
In order to acquire Hong Kong Island Telecom, Li Zekai borrowed a lot from Hong Kong Island Bank. In 2001, the Internet industry suddenly entered a cold winter, and Li Zekai began to sell related assets in order to repay the syndicated loan.
Li Zekai spent 2.2 million US dollars to buy 20% of Penguin shares in 1999. In just over a year, Li Zekai received a return of 12.8 million US dollars. From the perspective of return on investment, it was a good deal, so Li Zekai was not heartbroken.
The most important thing is that the founder of Penguin, Pony Ma, was also very frank. Facing investors, he said that he could not find the profit trend of Penguin for the time being. There were countless Internet companies that went bankrupt in 2001. If Li Zekai was not short of money, he could wait and see for another two years, but time waits for no one.
The subordinate reported, "I heard that Song Yi has an advertising company in Yanjing, but his main business seems to be in Seoul."
When Li Zekai heard this, he knew that Song Yi was not the son of a big boss in Beijing, and he immediately lost interest in making friends with Song Yi. However, Li Zekai did not expect that two years later, Li Zekai would meet Song Yi again in the land auction market in the mainland, and Song Yi's New Asia Group would become a strong competitor of Cheung Kong Group in the mainland real estate. Song Yi was able to take out $12.8 million in real money, which means that Song Yi is at least a billionaire, but in Hong Kong Island, where every inch of land is valuable, a net worth of over 100 million is really nothing, and 100 million Hong Kong dollars can't even buy a single-family mansion in Repulse Bay. First update, there will be another chapter later
(End of this chapter)