Chapter 29: Acquiring 1.25 million shares of Hang Seng Bank



A two-story building on the west side of Minkang Street, North Point, Hong Kong Island.

There stands a big sign - three minutes of enthusiasm.

This is the office location of the "Three Minutes of Heat" newspaper which has recently become famous in Hong Kong.

At this time, in an office on the second floor of the building.

A young man with sharp eyebrows and bright eyes was leisurely enjoying a massage from a beautiful woman while listening to the report from his subordinates.

"Mr. Mo! You're truly amazing! Our newspaper sales have already reached 100,000 copies, and distributors across Hong Kong are still constantly looking to us for more. It's a shame we didn't charge for this issue of the newspaper. If we had, we would have made at least a million Hong Kong dollars."

Li Yunfei was originally the editor-in-chief of an adult magazine called "The West Chamber".

He is the planner who specializes in publishing a large number of nude photos and pornographic articles. He is a rat crossing the street that is hated and despised by everyone in Hong Kong.

After "The West Chamber" went bankrupt and was acquired by Mo Zhexuan, he became the editor-in-chief of "Three Minutes of Heat".

"Let's take a long-term view. Although we lost over 100,000 Hong Kong dollars by going free this time, it has also given 'Three Minutes of Heat' a bit of fame. As long as we keep up the good work, 'Three Minutes of Heat' will definitely gain a firm foothold in the financial newspaper category."

Mo Zhexuan smiled indifferently, not taking the small amount of money seriously at all.

He understood the principle that you can't catch a wolf without sacrificing a child, so he immediately took out an article he had already written from the table and handed it over.

"Lao Li! This is the article for the next issue of 'Three Minutes of Heat'. Please polish it and then contact the printing factory to prepare 100,000 copies of the newspaper. This time we will sell it to the distributor at cost and not make any profit."

"Mr. Mo! We gave away the last issue of the newspaper for free, and those distributors made a killing after the newspaper became a hit. If we don't make money, wouldn't that be making things easier for them?"

After Li Yunfei took the article, he looked puzzled. After all, the purpose of doing business is to make money. Who would do something thankless if there is no profit?

But deep down, I was full of admiration for this young man when he first bought the newspaper and said he wanted to print 100,000 copies.

As a veteran who has worked in the newspaper industry for many years, I laughed at it in my heart, but I didn't expect to be slapped in the face.

Although I still can't understand why the other party did this, I no longer look down on it. Instead, I want a reasonable explanation.

"Haha! You've been in the newspaper industry for years, too. Take a closer look at the top-selling newspapers right now: Oriental Daily News, Sing Tao Daily, Ming Pao, etc. Which one of them actually makes money from newspaper distribution?"

"These newspapers' revenue comes from advertising fees, and advertising revenue comes from sales. As long as sales soar, they will attract more advertisers."

"What 'Three Minutes of Heat' needs now isn't profit from distribution, but rather fame. We need to let middle and upper-class white-collar workers in Hong Kong know that our newspaper is a professional financial newspaper. That's what's most important."

Mo Zhexuan patiently explained, but he also decided in his heart that after "Three Minutes of Heat" grew bigger, he must recruit more talents. The other party's vision was still too narrow.

"Mo Sheng! Then I'll do it right away!"

"Um!"

After Li Yunfei left, Mo Zhexuan said to Guan Jiahui who was gently massaging him:

"Jiahui! You have quite a good skill! Where did you learn it?"

"Didn't you say you've been having back pain lately? I went to a massage therapist to learn how to do it."

"That's thoughtful... I hope you won't make me so tired."

"I dare not let you tire yourself out. You must win every time."

“..................”

Ever since Mo Zhexuan accepted Guan Jiahui's invitation to dinner last time, he was able to win over the most beautiful woman in Hong Kong naturally that night when she threw herself into his arms.

Just when the two were embracing each other with deep love, a ringtone of "Ding Ding Ding..." broke the atmosphere.

"Hurry up and answer the phone!" Guan Jiahui's face was as red as a ripe peach. She lifted her hair by her ear and urged hurriedly.

Mo Zhexuan was full of hatred for this troublemaker who called him suddenly, but he still quickly picked up the cell phone from the table.

When I looked at the phone number, I found that it was Wang Pengfei calling, so I quickly clicked to answer it.

"Mr. Mo! I've already acquired 1.25 million shares of Hang Seng Bank, spending a total of HK$26.5 million at a price between HK$20 and HK$22 per share. However, as soon as the market opened this afternoon, Hang Seng Bank's stock price soared to HK$210 per share. The number of shares outstanding is also dwindling. I believe further acquisitions are not in line with the actual value."

"Your judgment is correct. Then suspend the acquisition. Have you found out the reason for the surge in Hang Seng Bank's stock price?"

"I just got the news that HSBC's boss, Shen Bi, sold 6 million shares of Hang Seng Bank to Chairman He. Hua Xia Bank also invested HK$2 billion in Hang Seng. You can watch TV for the details. All the major Hong Kong media outlets are reporting on this."

"Okay, I understand. Has the 300 million Hong Kong dollars been converted into rice gold?"

"I just exchanged all of it a few days ago. I went to six banks in total. HSBC exchanged HK$80 million, Standard Chartered Bank exchanged HK$50 million, Citibank exchanged HK$50 million, Morgan Stanley exchanged HK$50 million, Goldman Sachs exchanged HK$50 million, and Bank of East Asia exchanged HK$20 million. The exchange rate was 6:1, totaling 50 million yuan."

"Well done. Listen to my announcement next. The Hong Kong dollar crisis may break out early."

"Ah!.............wasn't it supposed to be next year?"

"I won't explain the details, just pay attention."

"Mo Sheng! Okay!"

“......................”

After the two agreed on the next meeting time, Mo Zhexuan hung up the phone.

He then called Li Guowei and learned in detail about the whole process of taking back control of Hang Seng Bank from HSBC.

In the end, he was sincerely happy that senior executives such as He Shanheng had regained control of Hang Seng Bank, but deep down he was also full of fear of Shen Bi, a famous tycoon in the history of HSBC.

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