Ever since the outside world learned that Xie Liyuan Gold Shop was going to be sold, there has been a lot of buzz.
This also made Mo Zhexuan a hot topic and the focus of all Hong Kong citizens.
The stock issuance of Fragrant Duck has shocked the whole of Hong Kong. Just by relying on this listed company, its net worth has increased by at least HK$1 billion in a short period of time.
This does not include other industries under his name. Naturally, Hong Kong's gossipy newspapers would not miss this opportunity and published advertisements after making statistics.
Even the Oriental Daily News, which has always regarded Mo Zhexuan as its mortal enemy, published a headline on its latest issue titled "The New Youngest Chinese Billionaire," writing:
"According to our reporter's investigation, a company that recently issued shares on the Kowloon Stock Exchange has been very popular among investors, with its share price rising from HK$100 per share at the time of issuance."
"In a short period of time, the price has risen to around HK$175, and countless investors have rushed into the stock market to buy it. I believe the stock price will go even higher."
"I'm sure everyone knows who controls this company! Yes, it's none other than Mr. Mo Zhexuan, the renowned financial genius in Hong Kong."
"This company, called Fragrant Duck, was established just over a year ago. I never thought it would be so popular and loved by so many citizens after it went public through the acquisition of a shell company."
"The current market capitalization has reached approximately HK$2.5 billion and is still rising. According to estimates by professional financial institutions and banks, with its monopoly on the Hong Kong braised duck market and extremely high profit margins, its share price will reach at least HK$3 billion."
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"As everyone knows, Mr. Mo Zhexuan made his fortune in finance. Ruitai Securities' recently launched Ruitai Funds I and II raised HK$1.8 billion in a short period of time."
"And the Fragrant Duck stock offering will add at least another HK$1.5 billion to his net worth. Everyone must be curious about the true worth of this miraculous young man!"
"Let's do the math. The current market capitalization of China Gas is around HK$5.5 billion. According to public information, Mr. Mo Zhexuan still holds a 55% stake after the reduction, which is worth HK$3 billion."
"Then, we acquired Guanghu Real Estate on the stock market. Although its current market value cannot be compared to its peak period, it still has a market value of around HK$1.2 billion. According to data, Mo Zhexuan, as the major shareholder, owns more than 52% of the shares, which is worth around HK$600 million."
"Now, with the HK$1.5 billion from Fragrant Duck, the total is HK$5.1 billion. This doesn't even include some of the assets within the Heung Kong Group. According to estimates from professional institutions we've hired, if Ruitai Securities were to go public, its market capitalization would reach at least a staggering HK$10 billion."
"Based on this calculation, Mo Zhexuan's net worth is at least around HK$15 billion. According to the current wealth rankings, the net worth of the richest Chinese, Wang Baochuan, is around HK$20 billion."
"But everyone should know that Mr. Mo Zhexuan has only been in the industry for a little over a year. It might not be long before he replaces the charter boat king and becomes the new richest Chinese, or even the richest man in the world."
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Once the Oriental Daily and other newspapers published the statistics of Mo Zhexuan's wealth, they immediately caused an uproar.
The honor of being the richest Chinese is not easy to obtain, not to mention that Mo Zhexuan is still so young, which means that becoming the richest Chinese may only be a matter of time.
This also made Mo Zhexuan's influence spread throughout Hong Kong, from high-ranking officials to ordinary people, even the elderly over 80 years old and children as young as three years old regarded him as a role model.
Countless beauties in the entertainment industry are envious and jealous of Guan Jiahui. They hate that a second-hand commodity can climb up the social ladder and become a phoenix. They all want to win over this young and wealthy bachelor and become a noble lady wearing gold and silver and eating delicious food.
Mo Zhexuan also knew that the media would praise him, but he did not expect it to be praised to this extent. He has become the richest Chinese. This is too exaggerated!
In fact, he doesn't know how much money he has so far. He only knows that he is very rich. As for whether he is richer than the king of charter ships, he has not calculated it yet.
At the same time, it also made him determined to set up his own family office and hire a group of real elites to manage his huge assets, make money make money, and maximize profits.
The so-called family office originated in ancient Rome in the 9th century AD and was not developed until the mid-19th century.
It is an institution established by some capitalists who took advantage of the industrial revolution to become industry monopolists, bringing together financial experts, legal experts, accountants, etc. to specialize in studying how to maximize the interests of their family property.
According to historical records, the earliest family office was established by John Rockefeller, the monopolist in the US oil industry in 1882.
Its fundamental purpose is to increase the family's wealth, and some of the elites recruited are also specifically provided with professional management consulting and operational services.
"Accountant Yao! How much total assets do I have at present?"
Mo Zhexuan was also very curious about how much assets he actually had, so he commissioned the Ruian Accounting Firm to conduct a special statistical survey.
Currently, the acquisition of Ruian Accounting Firm and Shi Xing Law Firm has been completed. Since the establishment of Xiangjiang Group, negotiations have been ongoing. Finally, the cooperation was reached after paying a total of HK$321 million.
"Mr. Mo! We've counted all the businesses under your name and roughly estimated the total to be HK$12.323 billion. The detailed report is in this document..."
Yao Anran was wearing an exquisite blue suit and looked particularly energetic with his short hair. He briefly introduced the assets of various industries.
After Mo Zhexuan took the report from the other party, he read it in detail, and his eyes gradually became brighter. This well-reasoned report also gave him a rough estimate of his own property.
12.323 billion Hong Kong dollars! This figure is an astronomical figure. A year ago, he was just a braised food stall owner. How long has it been since he has accumulated a net worth of over 10 billion? It has to be said to be a miracle.
This net worth is currently almost on par with Li Jiacheng. In fact, before the 1980s, the richest Chinese in later generations had always been the king of chartering ships.
It was only in the late 1980s, after he died of cancer, that he divided his family business into four parts and gave them to his four daughters. This made Li Jiacheng, who had been suppressed, become the richest man.
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