Then I entered the office of "Three Minutes of Heat".
During this period, the newspaper founded by Mo Zhexuan has developed very rapidly.
After receiving HK$650 million in cash from Chen Yaoting and his son during the Hong Kong dollar crisis.
He transferred 20 million Hong Kong dollars into the account of "Three Minutes of Heat".
First, it acquired a printing factory for HK$5.25 million.
What followed was a frantic poaching of talent from major newspaper groups in Hong Kong.
The main two groups are Oriental Media Group and Sing Tao Media Group.
The goal set at that time was to develop "Three Minutes of Heat" into the number one financial newspaper.
Then, they successively founded biweekly, weekly, ten-day and monthly magazines.
But the results after release were not very ideal, except for a few articles written by Mo Zhexuan that became popular.
The sales of "Three Minutes of Heat" have been declining.
The current "Three Minutes of Heat" has completely become a money-losing product, but Mo Zhexuan is not worried about it.
After this period of time, we will prepare to recruit some real big names to take charge of "Three Minutes of Heat".
Although Mo Zhexuan has never run a newspaper business, he was once a Hong Kong native.
The elite talents who have developed and expanded the newspaper industry are well aware of this.
As long as we recruit these talents, provide them with money and people, do we still have to worry about not being able to develop?
After giving red envelopes to all the employees of "Three Minutes of Heat", I went to Ruitai Securities on the top floor of the office building.
"Pengfei! Happy New Year! You've worked hard during this period. Here! This is a red envelope for the start of work." Mo Zhexuan took out a red envelope from his purse and handed it over quickly.
"Thank you, Mr. Mo! But you've come just in time. Let me report to you on the current status of the acquisition of China Gas Company!"
After Wang Pengfei took the red envelope, he quickly took out a document from his desk and handed it over.
"We currently hold a total of 3.24 million shares of China Gas, including 500,000 shares held by Ruitai Securities, representing 10% of the total share capital. The total cost was HK$179.47 million, and the acquisition price was between HK$65 and HK$75. Currently, China Gas's share price has risen to around HK$80. If we continue to acquire shares, our funds will soon run out."
Mo Zhexuan took the document handed to him and read it carefully.
The total number of issued shares of China Gas Company is 35 million shares, and about 20 million shares are circulating in the market.
The current market value is between 3.3 billion and 3.4 billion, calculated based on the market value of 3.3 billion Hong Kong dollars.
The price of each share is between HK$94, and if you want to achieve relative controlling stake, it is calculated as 40%.
The funds required are HK$1.31 billion.
This is still a conservative estimate if a battle breaks out.
It is not impossible for the price to rise several times to HK$94 per share, but since we have decided to acquire it.
That is to pay any price to get the China Gas Company, a treasure trove with a future market value of HK$200 billion and annual profits of HK$10 billion.
Then I analyzed how much money I currently have.
Shorting the Carrian Group earned HK$42.3256 million.
Among them, HK$30 million was mortgaged to Hang Seng Bank to deal with the Hong Kong dollar crisis, and HK$650 million was obtained from Chen Yaoting and his son.
The remaining HK$12.3256 million, plus the more than HK$5 million earned from the World Cup, were all invested in the expansion of Fragrant Duck.
Acquired Green Source Food Processing Plant for HK$15 million.
The agency fee paid to Wang Pengfei was HK$8 million.
The acquisition of Ruitai Securities was HK$1 million.
The capital injection into Ruitai Securities is HK$200 million.
The acquisition of Xie Liyuan Gold Shop was HK$80 million.
The gold processing plant costs HK$10 million.
The raw materials for buying silver, jewelry and jade are 50 million Hong Kong dollars.
Invested HK$20 million in "Three Minutes of Heat".
The interest paid to the bank is HK$6.5 million.
Adding the expenses during this period and the cost of traveling abroad, etc., it comes to 3 million Hong Kong dollars.
The cost of buying a house and gold and silver jewelry for Guan Jiahui is calculated as HK$15 million.
Then there is the payment of HK$3.23 million to Shi Xing Law Firm and Shui On Accounting Firm.
A rough estimate shows that a huge amount of HK$450 million has been consumed, and currently there are only about HK$200 million left.
Together with the 350 million in cash just withdrawn from Fragrant Duck, there is a total of nearly 550 million Hong Kong dollars in funds.
After Mo Zhexuan made the estimate, he decided to set up a professional financial management team as soon as possible to help manage wealth.
Otherwise, when your wealth increases, you won’t be able to count it, and that would be stupid.
"Pengfei! I'm depositing 500 million Hong Kong dollars into Ruitai Securities' account. Meanwhile, you'll be setting up two funds for me over the next few days. One will be called Ruitai No. 1, and the other Ruitai No. 2."
"My initial plan is that the minimum purchase threshold for the first fund is HK$5 million, with a total of 100 units, which means 500 million in funds. It will be open to all the wealthy people in Hong Kong, and each person can only purchase a maximum of five units."
"The minimum purchase threshold for the second fund is HK$10,000, and there are a total of 22,000 shares, which means 200 million in funds. It is open to all citizens of Hong Kong, and each person can only purchase a maximum of 10 shares."
Mo Zhexuan slowly expressed his thoughts, saying that the greatest skill in finance is to make money out of nothing.
When we acquired Ruitai Securities, we were planning to set up two funds, but the timing was not right.
One is that it has just emerged and has not yet left a deep influence in the minds of all Hong Kong citizens.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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