Chapter 292 Three Things in the Board of Directors



As soon as Xing Baohua finished speaking, shareholder Xu raised his hand and asked, "Investing in Japanese real estate? Didn't you already start operating through Huahong Bank? Is Far East Investment the name of a subsidiary?"

"Far East Investment is both the company's name and the location of its investments." As soon as Xing Baohua finished speaking, everyone understood: they were preparing to expand into Russia!

Why choose to register a company in Japan? Wouldn't Hong Kong be perfectly fine? And why choose the Cayman Islands, knowing it's a tax haven? Japan not only doesn't avoid taxes, but it also pays a lot of taxes, right?

"I'm going to Siberia in the Far East to do some development!" Xing Baohua had just finished speaking.

The eldest son of the Li family chuckled.

Although they had never been to that place, they still knew basic geography: a vast, uninhabited area.

Xing Baohua could say to the second generation of his family, in a roundabout way, "Let's move on to the lake."

But these second-generation businessmen from Hong Kong are all people who have studied abroad and received higher education.

We need to use a different story to fool them.

"I've been spending a lot of time observing recently, and I believe the exchange rate between the US dollar and the ruble will fluctuate wildly over the next five or six years. This is reminiscent of the crisis that started decades ago."

The ongoing conflict, coupled with the economic crisis within the United States, will lead to a significant devaluation of the ruble.

Just as Xing Baohua finished speaking, Li Chao's son said, "Even if it appears in five or six years, what are we doing now? Tying up our money for five or six years?"

"Let me finish what I have to say? Everyone knows the methods of short selling. We buy land in the Far East, use the land as collateral for loans, and then cash out..." Xing Baohua talked for a whole morning before finally explaining the theory of cheating and cashing out.

They even revealed their plan to arrange for people to falsify documents.

Why register a company in Japan? Because I'm afraid that if things go wrong, the blame will fall on Japan.

The land grabbing and cashing out was done by R himself. That's exactly the effect he wanted.

The company registration was approved quickly.

Moreover, the new company needs capital injection. Shareholders, step in your money! The new company promises a 300-fold return. Xing Baohua didn't dare say anything more, like 3000 times, for fear people wouldn't believe it.

Even a 300-fold increase seemed far-fetched. If it weren't for the precedent of dealing with the Japanese, they would definitely think Xing Baohua was bluffing.

Xing Baohua said that the new company allows private gatherings, so everyone should invite their friends and family to join in and make money together.

Starting at 50 million US dollars.

In Hong Kong, it's common to see people engaging in this kind of thing; many people do it.

Besides, it was initiated by Xing Baohua, so there are many people who want to join in. Don't underestimate the social skills of these second-generation businessmen.

Next, let's talk about the second thing.

"I plan to set up a software park in Hong Kong, specifically to recruit programming talent. We'll be hiring from all over the world, regardless of nationality, age, or gender. Anyone with the skills can work at the software park."

"Should the newly established entity be placed under the name of Huahong Group?" one of the shareholders asked.

"It will be placed under Huahong's name. We need everyone to provide an office building. It will be leased under Huahong's name, and we will buy it after the software park generates revenue."

Xing Baohua's words made the shareholders laugh. This was a gift of money. Everyone had an office building, but Xing Baohua wanted the whole set, which was not easy to arrange.

Building a new one? Forget it! That's too expensive!

We'll set up a few floors first and use them. Once the leases of the other tenants expire and they decide not to rent anymore, the space will be made available for the software park under the Huahong Group.

Don't be fooled by the fact that they are also shareholders of Huahong; it's a completely different matter from their own business.

Moreover, the price will be 10-20% higher than the market price.

The first two things have been explained, and the remaining shareholders all want to know the third thing.

The third thing is also a big deal. Two subsidiaries under Huahong Group Holdings are preparing to go public through backdoor listings after the Chinese New Year.

The initial roadshow is something to prepare for an IPO.

After all, those two companies spent too much money, especially the banks. Xing Baohua's next step is to mobilize a large amount of funds to engage in finance.

By the way, the best app for reading aloud right now is Yeguo Reading (yeguoyuedu). Install the latest version.

Huahong Telecom is also preparing to start burning money next year.

If these two companies don't go public and raise funds, Xing Baohua won't be able to explain himself to these second-generation rich kids.

Preparing to go public, wow! These second-generation businessmen are so excited! They all see the potential in the other two companies.

Many friends are asking them when banks and telecommunications companies will go public.

Everyone wants to snag a new share, and getting an insider subscription is the best option.

Hua Hong Bank has increased its stake in the Desert Country; that's real strength! It seems like it would be difficult for them to go bankrupt.

If they can't afford to pay in the future, they can just give them oil! They can sell it themselves.

Xing Baohua handed over the roadshow and IPO preparations to the two young men surnamed Li.

Let's keep this a secret for now and talk about it after the New Year.

After a morning of meetings, the shareholders invited Xing Baohua to have a meal together.

Xing Baohua originally wanted to refuse, but Huo Sanshao dragged her along.

Huo Sanshao got into Xing Baohua's car. Actually, there was nothing much to say; he just told Xing Baohua that the goods had been loaded onto the ship.

The route has been arranged, and his captain reported that once they reach the Indian Ocean, Pakistani planes will provide escort.

When we approach the Red Sea, ships from desert nations will come to greet us.

This journey was relatively safe.

"Why are you telling me all this? It's kind of scary." To everyone's surprise, Xing Baohua blurted out this.

This made Huo Sanshao very unhappy. If Xing Baohua hadn't been the middleman, would he have said these things?

"If we go to the Black Sea, will your fleet be able to get there?" Xing Baohua suddenly blurted out.

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