Zhou Anping calmed everyone down and then persuaded them to leave.
As for the so-called market rescue, Zhao Ye had already discussed it with Zhou Anping beforehand.
Taking advantage of the stock market crash, Galaxy Financial Company acquired companies with financial licenses, including banks, insurance companies, trust companies, securities firms, financial leasing companies, futures companies, funds, fund subsidiaries, fund sales companies, micro-loan companies, and pawnshops.
Then there was the frenzied buying spree in the stock market, such as Cheung Kong Holdings, Hutchison Whampoa, Wharf Holdings, Hong Kong Electric, and a whole host of other companies with promising prospects.
Use bank-borrowed money to buy stocks at rock-bottom prices, wait for the stock price to rebound, and then sell them. You can make a profit of at least 40% during this process!
Wujiang Group itself also has a large amount of capital reserves. During this stock market crash, how could it not make a fortune? It would be a once-in-a-century "Black Monday".
Wujiang Group's bottom-fishing is considered a market-saving measure, which is not only not disliked, but is actually very popular.
In addition to buying up assets in Hong Kong, Wujiang Group will also buy up assets in the United States, Japan and Europe.
In the previous life, the Hong Kong stock market and economy were affected by the stock market crash and would remain sluggish until the end of 1987.
So let the bullets fly a little longer.
At this moment, Zhou Anping could not hide his excitement. He had already compiled a list of companies he wanted to acquire, and was just waiting for the right time to come forward and acquire them all.
Galaxy Financial will become a significant financial giant in Hong Kong, with its business even expanding to Southeast Asia, Europe and the United States.
On the evening of November 1st, Zhou Anping contacted Robert Holm, an Australian businessman and major shareholder of Standard Chartered Bank.
He was asked if he intended to sell his shares in Standard Chartered Bank.
Robert Holm is in a very bad situation now; the stock market crash has had a huge impact on his company.
Currently, Robert Holm needs a large amount of money to keep the company running.
Therefore, selling his Standard Chartered shares became one of Robert Holm's must-do options.
“Mr. Robert Holm, with the stock market crash and the global economy set to continue its downward trend, ‘cash is king.’ Companies holding large amounts of cash are more likely to weather the economic crisis. Your company, however, is currently facing a severe cash shortage and is in dire straits. Therefore, why not cash out your Standard Chartered Bank shares and get the money to save your company?” Zhou Anping said on the phone.
After hearing this, Robert Holm sighed helplessly. Zhou Anping's words made perfect sense. At present, he could only sell his Standard Chartered Bank shares to save his company.
Currently, everyone else is preoccupied with their own problems, but Wujiang Group has a large amount of capital and can take over the shares it holds.
“Mr. Zhou, I agree to sell my 10% stake in Standard Chartered Bank to Wujiang Group! But what is the offer price?” Robert Holm asked.
Upon hearing this, Zhou Anping was delighted and replied, "The acquisition price is HK$750 million!"
“No, that’s too little. Before the stock market crash, Standard Chartered Bank’s market capitalization exceeded HK$10 billion. A 10% stake would be worth at least HK$1 billion!” Robert Holm shook his head and strongly objected.
Zhou Anping said calmly, "Mr. Robert Holm, the global economic downturn has greatly affected Standard Chartered Bank, and its stock price has been plummeting. Perhaps in a while, Standard Chartered Bank's market value will fall below HK$5 billion!"
He paused, then said calmly, "By then, the Standard Chartered Bank shares you hold may not be worth HK$500 million!"
Upon hearing this, Robert Holm hesitated. The global stock market crash triggered by "Black Monday" was so severe that it left him with lingering fears. He didn't know how long the economic crisis would last or when the global economy would recover. In the meantime, only by holding cash could the company survive to the end.
Standard Chartered's share price may continue to plummet.
“Mr. Zhou, Wujiang Group is offering me HK$850 million. I can sell all my Standard Chartered Bank shares!” Robert Holm said in a deep voice. He had spent more than HK$850 million to buy a 10% stake in Standard Chartered Bank, and now he had no choice but to accept the loss. But HK$850 million was his bottom line. He could always raise funds from other sources to get through this difficult time.
Upon hearing this, Zhou Anping felt that it was worthwhile to add HK$100 million to buy 10% of Standard Chartered Bank's shares.
To avoid any unforeseen complications, he agreed, "Okay, deal, HK$850 million. We need to sign the agreement as soon as possible."
"no problem!"
...
After Zhou Anping won over the Australian businessman, he immediately went to persuade shipping magnate Bao Yugang.
Y.K. Pao was a director of HSBC and didn't have high hopes for Standard Chartered. His investment in Standard Chartered was simply for financing convenience.
He is willing to sell his Standard Chartered shares to others if the profit is high.
When Zhou Anping arrived at Bao Yugang's house, after a brief exchange of pleasantries, he was invited to Bao Yugang's study to discuss matters.
“Mr. Zhou, I’m a straightforward person, so please speak frankly what you need.” Bao Yugang personally brewed two cups of tea and smiled.
"Since Mr. Bao is so straightforward, then I will speak frankly as well."
Zhou Anping paused for a moment, then got straight to the point, "It's like this, Wujiang Group wants to acquire your 10% stake in Standard Chartered Bank."
Upon hearing this, Bao Yugang smiled and nodded: "No problem. The shares of Standard Chartered Bank are not very important to me. However, I will only sell them to you if the price you offer is right."
Zhou Anping said, "Our company is willing to acquire it at a 30% premium to the current share price. Standard Chartered Bank's share price is only HK$7 billion, so our acquisition price is RMB910 million!"
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