584【Building】
First, once a company goes public, the ownership will no longer belong to him, and he may be kicked out of the company by other shareholders.
Just like Howard Sius, he clearly holds 78% of the shares of Global Airlines and has an absolute controlling stake, but he is still driven out of Global Airlines by other shareholders and loses control.
Second, once the company goes public, all its profits must be shared with shareholders, and Ye Jin will not be able to eat alone like he is now. He wants to invest, manage finances, or buy luxury houses, luxury cars, famous wines, jewelry, etc. in the name of the company, which is not very convenient.
Moreover, Ye Jin had already made arrangements for the future of Myth Film.
He plans to acquire Myth Films in the name of Fox Group in the future after acquiring Fox Group. In this way, he will not only own one of the six major Hollywood giants, but also get a large amount of cash. Fox Group can also obtain a large number of successful IPs, and its future development will be easier. This is a win-win situation.
...
Xiangjiang.
In mid-April, under the management of Luo Kangrui, Tongxin Real Estate acquired nearly 70% of Zhende Shipping's shares for HK$5.5 million and became its controlling shareholder.
Subsequently, Zhende Shipping applied for a temporary suspension of trading. Tongxin Real Estate merged its assets into Zhende Shipping, and Zhende Shipping was renamed [Tongxin Real Estate].
After the resumption of trading, Tongxin Real Estate's stock price immediately soared like crazy. From the previous five milli's stock price, it soared to fifteen yuan in one day, up thirty times (the Xiangjiang stock market did not hit the daily limit, and theoretically the stock price could rise infinitely).
The market value of Tongxin Real Estate has soared from the tens of millions of market value before the suspension to the current 300 million Hong Kong dollars. The actual assets of Tongxin Real Estate are about 100 million Hong Kong dollars, so it is still relatively profitable.
After listing, Ye Jin and Luo Kangrui's shareholding ratio both fell from 50% to 35% of the previous shares. However, the value of the shares increased from 50 million Hong Kong dollars to 105 million Hong Kong dollars, so it is still very profitable.
After Tongxin Real Estate resumed trading, it soon launched a stock rights fundraising plan, which planned to raise 200 million Hong Kong dollars for the company's business development.
Because the real estate market and stock market were very prosperous at this time, Tongxin Real Estate's right-to-equity fundraising plan received positive responses from investors.
The oversubscription of new shares was 15 times, allowing Tongxin Real Estate to raise 200 million Hong Kong dollars successfully, and Ye Jin and Luo Kangrui's shareholding ratio dropped to 21% again.
To be honest, it means that the holding is unstable.
Therefore, Ye Jin was busy filming and instructed De William to buy back some of his shares to stabilize his holdings at more than 35% to avoid the company being snatched away by others in the end.
Ye Jin didn't want the tragedy of Hutchison Whampoa to happen to him.
After raising 200 million Hong Kong dollars, Tongxin Real Estate once again invested it in real estate, and acquired land, developed properties in Tuen Mun, Tsuen Wan and Kwun Tong, and entered the fast lane of development.
...
"Mr. Luo, what are Chen Songqing doing now?" Ye Jin asked curiously.
"Mr. Ye, Chen Songqing is now speculating on the commercial building in Central." Luo Kangrui explained, "Last year, Land Corporation acquired the Kinmen Building in Central for HK$710 million.
Now that Hutchison Whampoa was maliciously acquired by the ship king Bao Jinshui, Land wants to sell Kinmen Building to withdraw cash, the condition is that the price is higher than last year. There are currently several real estate companies in contact with them, and Chen Songqing's Jianing Group is one of them."
"HKD 710 million?! Does Jianing Group have this capital?" Ye Jin said in surprise when he heard this.
Jianing's assets were less than 100 million Hong Kong dollars. After listing, due to Chen Songqing's deception and speculation, its market value soared five times, increasing to 500 million Hong Kong dollars. Five hundred million is still a big difference compared to 710 million Hong Kong dollars.
"I don't think he doesn't, but it's hard to say." Luo Kangrui thought for a moment, "his real estate company in Xingjiagang went bankrupt and he should have had no money. But when he rushed to buy Jianing, he still took out 70 million Hong Kong dollars, and all of them were settled in US dollars. I think it's not that simple behind him."
"Well, this acquisition may expose his financial channels. Mr. Luo, please pay close attention." Ye Jin thought for a while.
One of the reasons why Chen Songqing was not exposed before was that his financial channels were not understood. This time he bid for Kinmen Building and wanted to use 700 million Hong Kong dollars, which is not a small amount. Perhaps his financial channels would be exposed.
At that time, Ye Jin will be able to see through his entire body and he will no longer be able to hide.
"I understand, Mr. Ye." Luo Kangrui nodded, "After that, Mr. Ye, I think Kinmen Building is also a good investment project. Do you think we should get involved?"
Kinmen Building is located on the busiest Kindermond Road in Xiangjiang. It is a 37-story Grade A office building with a service area of more than 500,000 square feet.
Calculated based on the current rent of office buildings in Central, the annual rent of Kinmen Building is 12 million Hong Kong dollars. Moreover, judging from the current housing market trend, the rental prices of office buildings are rising year by year.
In 1974, the rent for ordinary office buildings in Xiangjiang was only six yuan per foot, but now it has increased to sixteen yuan. In five years, the rent has increased by two.6 times.
Therefore, it seems that it costs a lot of money to acquire the Kinmen Building, but in the long run, it is still a very cost-effective business. After all, the Central Building is full of golden hens and there are very few sales.
...
"I think I can participate." Ye Jin thought for a while.
First, the acquisition of Kinmen Building will help the development of Tongxin Real Estate. After the acquisition, Tongxin Real Estate has a fixed input of tens of millions of Hong Kong dollars every year, which is equivalent to a large ship with a ballast, which can survive even when facing strong winds and waves.
Second, the acquisition of Kinmen Building can strengthen the reputation of Tongxin Real Estate. Tongxin Real Estate is now just a very inconspicuous small company among Xiangjiang Real Estate companies.
But if we can buy a building in Central and rename it Tongxin Building, Tongxin Real Estate will not only demonstrate its strength, but also establish a golden sign.
Three things, Ye Jin suspected that Chen Songqing had another purpose in acquiring Kinmen Building, so he was ready to participate in the competition, so that he had the opportunity to get close to him, observe him, and understand his conspiracy.
Therefore, whether it is considering the company's development or the consideration of causing trouble for Chen Songqing, Ye Jin agreed to participate in the competition for Kinmen Building.
"However, the company's focus should still be on real estate development." Ye Jin reminded Luo Kangrui again, "It is good to buy Kinmen Building, and don't hold on if you can't buy it."
Tongxin Real Estate has a market value of only HK$500 million. It is actually very difficult to acquire Kinmen Building worth HK$700 million. In addition, there are more than one company that is interested in acquiring this time, so the competition must be very fierce.
Tongxin Real Estate has no certainty in winning this project. Therefore, instead of investing all your efforts, it is better to focus on participating. It is good to be able to buy it, but you won’t be discouraged if you can’t buy it.
Chapter completed!