Bao Yugang urged, "Ayi, why are you in a daze? Come here quickly."
"Ayi, this is your Uncle Dong Haoyun, and the other is your Uncle Huo Yingdong. They are both your elders."
"Uncle Dong, Uncle Huo, hello."
Dong Haoyun said with a smile: "Ayi, you studied abroad for a few years, and when you come back, you will make us look at you with new eyes!"
"I heard from your dad that you started planning in college, and in just a year or so, you were able to roll out the entire system and connect the entire supply chain for car manufacturing. That's pretty good."
Bao Junyi said modestly: "Ayi's achievements are far from what Uncle Dong has achieved. There is still a lot for the older generation like you to learn from."
"Ayi, this is unlike you. Before you went abroad to study, you were fearless and even slept with the precious daughter of gambling king Ho. Now you are suddenly so humble." Ho Ying-tung teased.
"Uncle Huo, please stop teasing me. I was young and hot-headed back then, and I did a lot of outrageous things. I'm sorry to have made you all laugh at me."
"It's good that you wake up in time. However, it's a waste of youth if you don't act frivolously. Your father and Uncle Dong had a lot of romantic histories when they were young. Don't take it too seriously. As long as you contribute to the economic development of Hong Kong and the inland areas in the future, these are all small matters." Ho Ying-tung laughed.
"Old Huo, you are so dishonest. How can you dig up our past? How are you going to face these younger generations in the future?" Dong Haoyun said with a bitter face.
"Yeah, Old Huo, you can't mention these past events in front of the younger generation."
Bao Junyi saw that his father had a good relationship with Uncle Huo and Uncle Dong. They were all Chinese who came to Hong Kong from the mainland together in that era and helped each other a lot.
Bao Junyi watched them chatting and laughing, then went back to his room to rest on the pretext of jet lag.
9:00 PM.
After washing up, Bao Junyi lay on the bed thinking about his current industries and assets.
Miracle Group now owns Miracle Auto, 51% of Miracle Games, Miracle Auto's OEM factory, Miracle Auto's R&D center, Miracle Auto Industrial Park (under construction), and Audi AG.
Audi has now acquired US$250 million and US$160 million for two advanced production lines. The payment has already been made, and the equipment is being transported back to Hong Kong by sea. Audi has also reserved US$50 million for renovation and upgrading.
Currently, he has invested US$420 million in gold, US$300 million with a twenty-fold leverage, US$150 million in crude oil, and HK$1.3 billion in the Hong Kong stock market.
The company currently has a US$750 million loan secured by mortgaging 25% of Miracle Games and HK$700 million in gold. The acquisition of Audi has resulted in a debt of DM1 billion, or approximately US$200 million. The group's total debt is now approximately US$1.1 billion.
The company's fund account balance was US$70 million, more than HK$2.3 billion. It paid for the 1 billion automobile industrial park, and used the remaining HK$1.3 billion to allow Max to help purchase major real estate stocks, such as Sun Hung Kai Properties, New World Development, Hang Lung and other well-known real estate companies.
House prices began to pick up in 1970. Within half a year of purchase, the price had risen significantly, but they had to be sold in October. The oil crisis and the financial crisis triggered a 40% drop in house prices. Funds were tight, and safe-haven funds such as gold and silver soared. The price of oil increased fivefold, seriously affecting the economic development of various countries.
Bao Junyi is now in a headache because he is in debt of 1.1 billion US dollars. This was in 1973. If the oil crisis had not broken out, it would have seriously affected the company's development.
The oil crisis was still a month away.
The next day.
Monday, September 12, 1973.
Bao Junyi went to the Chinese Bank Building in Central and learned about the current progress of the Miracle Industrial Park.
Now the first phase of the Miracle Automobile Industrial Park will be completed in the middle of this month and can be put into use. A set of automobile production lines can be installed first.
Bao Junyi convened a high-level meeting of the group in the morning and arranged recruitment work.
At the same time, Jia Yuezheng of Audi Automobile Company arranged in advance a group of training masters to go to Hong Kong to serve as training masters, with a total of about 100 people.
In addition, you should fully assist Jia Yuezheng in the international rally competition and strive to get a good ranking this time.
Bao Junyi discussed with senior management the transportation of the V8 engine back to Hong Kong, the automotive training program and production and assembly issues.
Including price negotiations in the assembly supply chain, the core must ensure quality, meet international standards, and prices must be compressed.
At the same time, a quality inspection and supervision department was established to supervise the procurement and production links and handle them in a timely manner.
After the meeting.
Bao Junyi called HSBC Max's manager and said, "Hi, Max, this is Bao Junyi."
"Hello, Xiao Baosheng, my God, I finally got in touch with you."
"What's wrong? What happened?"
"It's nothing serious. It's just that a few of the stocks you bought have surged, some have even doubled. Boss Chenbi asked me to ask you if you'd consider pledging your shares before buying more. The stock market is so hot right now."
Bao Junyi said decisively: "No, I need money urgently now, and I plan to sell all the stocks I have within half a month."
Bao Junyi is not stupid. He believes that the current popularity is temporary. When the oil crisis hits in October and the global economy shrinks, housing prices and stock markets will all plummet. Then, it will not be too late to select some high-quality companies to buy or acquire.
Why did this foreigner Chen Bi suddenly ask me to pledge stocks and then buy stocks? What is his purpose? Did he know in advance that the Fourth Middle East War was going to break out?
The reason why Li Jiacheng was tied to the warship by HSBC was because of the foreigner Chen Bi's behind-the-scenes manipulation.
Could it be that he had his eyes on me and wanted to inflict losses on me through the stock market, and then get a loan from HSBC, so as to tie the Miracle Group to the HSBC warship and prevent them from getting off?
This chapter is not finished yet, please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
