Bao Junyi asked doubtfully, "Dad, why do you think so?"
"My money came from a legitimate source. I didn't borrow from a financial group. Instead, I made it by speculating in international gold spot trading."
"I started buying spot gold in 1971, and I also mortgaged and increased my holdings in the following two years. From the original $38 per ounce, the international gold price has now skyrocketed to over $286.78 per ounce. Dad, you should have seen the relevant newspapers."
Bao Yugang asked doubtfully, "Really? We must not become sinners of China. Our Bao family is the descendant of Bao Zheng from the Song Dynasty. We are a thousand-year-old family. We cannot allow any stain to befall our generation."
"Dad, don't worry, I won't betray China, the land that raised me."
"Well, you have to remember that you are the only male in the Bao family. Our roots are from China. The country is in poverty now, and we must provide help to the best of our ability." Bao Yuguang stared at him seriously.
Bao Junyi said seriously: "Dad, don't worry, I have been doing this all the time."
"Actually, your Uncle Huo and I were worried at first that you wouldn't be able to come up with so much money, so we told our superiors about it. But unexpectedly, you gave us elders such a big surprise."
"At that time, when a group of wealthy people in Hong Kong heard the news that you had completed the signing of the steel plant procurement contract, they were so surprised that they could fit an egg in their mouths." Bao Yugang said with a smile.
Bao Junyi also guessed the scene. Bao Yuguang must have received compliments from everyone at the scene, and he must be proud to have such a son.
"Dad, did the higher-ups arrange for someone from the steel mill to come over when I came back this time? I was in a hurry to go to the US, so I didn't have time to arrange it."
"It has been arranged. I asked you to come back and arrange for someone to go to Mr. Huo. He will help you connect with the mainland personnel."
"That's good. The construction of the steel plant has been accelerated."
"Ayi, you still have so much cash in your hands, what are your plans for the future?"
"First, invest in research and development, then invest in the current stock market, or acquire some companies. Hong Kong is currently affected by the oil crisis, and stock prices are already very low, so now is a good time to buy at the bottom.
Finally, we are recruiting people from all over the world for R&D. With the global economy in a downturn, unemployment rates high, and bankruptcies everywhere, now is the perfect time to spend money and recruit people.”
Bao Yugang smiled and said, "Ayi, you've grown up. Now your father is relieved and your mother's spirit in heaven has been fulfilled."
"Dad, this is just the beginning. Our family will become even more prosperous in the future. You will be proud to have a son like me."
"well!"
Bao Junyi chatted with his father until midnight before going to bed.
The next day.
Bao Junyi brought gifts and bodyguards to the old residence of the Ho family of Henry Fok, which was only a fifteen-minute drive away.
Bao Junyi arrived at the Huo family's old house. Huo Zhengyu greeted him at the door and said with a smile, "Zhengyu, I haven't seen you for a year. You are still as charming as ever."
"Don't, don't. Do you know that every time I teach you, I always use you as a comparison and ask you to make me learn from you."
"You are already very outstanding among your peers. I am just an outlier. Don't compare yourself with me."
"Isn't that what all parents do? You've become someone else's child in the eyes of many wealthy Hong Kong parents."
Bao Junyi jokingly said, "If you want to catch up with me, you'll need a motor behind your butt."
"Fuck!"
The two chatted all the way in, and Bao Junyi was taken into a pavilion in the back garden of the villa.
Huo Yingdong was already here making tea and waiting, and said with a smile: "Ayi, you are here, please sit down."
"Okay, Uncle Huo, I'm sorry to bother you this time."
"No, I'm usually this relaxed. I hope you come here more often to add some popularity to my place."
"I already know you're coming this time. I've already notified the person in charge in Pengcheng. You can just arrange for someone to go there when the time comes."
Huo Yingdong said seriously, "This steel plant project is highly valued by the higher-ups. Moreover, it has been listed as a key project. You need to start construction as soon as possible."
"That's no problem. I have another request, and I hope Uncle Huo can help me."
"Ayi, if you have any difficulties, just tell me directly. There's no need to be so formal."
"Okay, Uncle Huo, I'd like you to help me contact several major construction project companies in mainland China. I'd like to hire them to work together on the project. It doesn't matter if the price is a bit high, I'll pay in US dollars."
Huo Yingdong smiled and said: "You are thoughtful, knowing that the country is short of foreign exchange, through this method, however, it is not a big problem, I think you will agree to it."
"That's good. Thank you, Uncle Huo. However, we will send a supervisor, and the quality must be able to withstand an 8.0 magnitude earthquake."
"Well, I will contact them as soon as possible and there will be results soon."
......
It was already afternoon when Bao Junyi came out of the Huo residence.
They went straight to Miracle Group, and Jia Yuezheng and the management who accompanied them to the United States returned.
Bao Junyi told Jia Yuezheng about the site of the steel plant to be built on the east side of Pengcheng and asked him to go there for inspection and coordination, and asked him to start construction as soon as possible.
Then, I met with Yuan Tianfan and learned about the Hong Kong stock market in the past six months, as well as the conditions of various companies in the market.
Yuan Tianfan said, "For the past six months, the Hong Kong stock market has been declining. Most companies have already fallen below their IPO prices. Two months ago, the Hang Seng Blue Chip stocks also collapsed and began to fall sharply. Many investors have sold their shares. We have also been increasing our holdings in the stocks you mentioned during this decline."
"Currently, Wharf Holdings has purchased 18% of the five stocks, Hutchison Whampoa 15%, Hong Kong Land 12%, Hang Seng Bank 16%, and Bank of East Asia 20%, consuming a total of HK$4.2 billion."
"Also, due to the company's lack of funds, the boss agreed to a loan of HK$5 billion using the gold spot certificate of deposit as collateral. Currently, the balance in the account is less than HK$800 million."
"Okay, now that the company account has funds, you can arrange for someone to repay the previous loan. It will be a small drop in the bucket for Bao Junyi, who now has sufficient funds."
In 1974, the Hong Kong dollar was exchanged for the US dollar at a ratio of 1:0.52, with 1 US dollar being exchanged for 5.2 Hong Kong dollars. After the exchange rate remained the same for a few years, the decline of the British pound led to a decline in the Hong Kong dollar, which resulted in the Hong Kong dollar falling below 8 Hong Kong dollars to 1 US dollar after the 1980s.
Moreover, Hong Kong currently does not have a mechanism for raising its stake, nor does it have loopholes in the rules for hostile takeovers in the stock market.
Bao Junyi continued, "Now that we've acquired so many shares, we can secretly acquire those shareholders' shares in the primary market at a premium of up to 30%. We'll sign an agreement first, and then transfer the shares to our account to avoid them discovering it in advance."
"Okay, Mr. Bao, I'll immediately arrange for someone to contact the shareholders of several companies. They should be very willing to pay a premium."
"After all, the stock price is falling every day. If we offer a premium to them to stop losses early, we should be able to acquire enough stocks soon."
"But be careful about the other shareholders' moves." "Due to the book review, if you have any votes, please support the author. Thank you very much!"
Continue read on readnovelmtl.com
