At that time, Meihan's total market value was as high as HK$500 million. However, Chen Songqing, the boss of Jianing Group, still used a 70% premium to acquire control of Meihan's company based on the market price of water. No matter how you look, you look like a stupid sucker.

You should know that if calculated at a price of 6 yuan, Jianing Group will cost HK$450 million just to acquire the 52% equity in the Huang family. It is almost worth the market value of the entire Meihan Company, but Chen Qingsong's even more suffocating operation is still to come.

In 1978, Land & Land acquired the Kinmen Building, a prime location in Central for HK$715 million.

However, in the second year, Land Land saw a new round of real estate market prosperity coming, and decided to make some adjustments to the business direction of the company. It changed the long-term model of holding properties for renting out, and decided to recover funds and invest in the development and construction of new real estate projects.

Therefore, the Kinmen Building, which had been purchased for less than a year, was soon placed on the sales shelf of Land Land Group. The original goal of Land Land was very simple, as long as it was higher than the previous purchase price and did not lose money.

But at this time, Chen Songqing jumped out again and announced that he would buy Kinmen Building from Land Company for a high price of HK$998 million.

Land Land has been holding Kinmen Building for less than a year, and it made a huge profit of HK$283 million after replacing the transaction, with an astonishing profit margin of 40%. As soon as this transaction information was released, it immediately caused a sensation in Hong Kong. After this battle, Chen Songqing quickly became famous in Hong Kong.

At that time, the equity transaction between Baoguang Group and Chen Songqing on Meihan's enterprise had not been completed. Moreover, according to the Hong Kong stock M&A rules, Jianing Group's merger and acquisition actions against Meihan triggered a full offer, which required the same acquisition of shares in the hands of other shareholders at a price of 6 yuan per share.

If Jianing Group completes 100% acquisition of Meihan, this will be a major merger and acquisition case with a total amount of HK$861 million. Before Chen Songqing completed the merger and acquisition of a listed company, he decided to spend a huge amount of money to acquire another major project, causing the Hong Kong Securities Regulatory Commission to send a letter asking Jianing Group to provide more information about Chen Songqing.

Chen Songqing's reply to the Securities Regulatory Commission was that he was a member of a huge Chinese family in Nanyang and was entering Hong Kong with strong financial partners. He was able to raise a large amount of US dollar loans from the New York market with a low profit of 9% per month.

You should know that 1980 was the era of high interest rates. At the beginning of the year, the Hong Kong Foreign Banking Association announced an annual interest rate of USD loans of 19.2%, which is equivalent to a monthly interest rate of 1 minute and 6 cents. In other words, Chen Songqing has a huge cost advantage in a capital-intensive industry like real estate.

Of course, he was just talking nonsense and did not present any strong financial proof. But Chen Qingsong had no place to breach the contract, so the Securities Regulatory Commission naturally had no reason to make further actions.

However, after the conversation between Chen Songqing and the Securities Regulatory Commission came out, the Hong Kong media opened up endless imagination about his mysterious identity. Some said that he had close ties with senior Philippine leaders, some said that his funds came from Moscow, and some said that he was a member of a red family in the mainland.

Anyway, Hong Kong journalists have never been honest. As long as they can attract readers, they can make up even bizarre stories.

The news that Chen Songqing announced the acquisition of Kinmen Building was announced in early January. However, it was July 2 when Zhou Yang bought Meihan's stock.

It is logical that Kinmen Building has just been sold, and all the materials required for the transaction are ready-made. According to Chen Songqing's bold tone before, it should not be delayed for so long.

But Zhou Yang knew very well that Chen Songqing, who was praised by the media, was actually the biggest fraudster in Hong Kong in the entire 1980s. Whether it was acquiring Meihan or buying Kinmen Building, the funds used were not a small amount, so Chen Songqing naturally could not raise all the funds in one go.

This also gave Zhou Yang the opportunity to buy Meihan's shares at a low price. After Chen Songqing completed a full offer to acquire Meihan at the end of March, he resumed trading at a price of 6 yuan per share and issued 25% of the new shares.

But from March to now, Chen Songqing has not made any big moves. Therefore, after Meihan resumed trading, the stock price seemed lukewarm, and Zhou Yang only bought it at HK$6.2.

Maybe you would say that although Chen Songqing forced Meihan's stock price to 6 yuan through a tender offer, the value connotation of Meihan's company has not changed at all. Therefore, Meihan's stock price is not low, but is seriously overvalued.

This analysis is naturally correct. The reason why Meihan's stock price can maintain above 6 yuan is entirely due to Chen Songqing's bottom line inquiry by the dealer.

This can be clearly judged from the stock price trend of Meihan in the past three months. Whenever the price falls below 6 yuan, funds will enter the market and raise the price again.

The reason why Zhou Yang believes that Meihan stocks are in a low value area and dares to buy full positions with 5 times leverage at the price of 6.2 yuan is because he fully understands Chen Songqing's next move.

Chen Songqing's purchase of Kinmen Building from Land, which was just the first act of the entire Jianing fraud case. Not only could he settle accounts with Land Company soon, he would also place 75% of the equity of Kinmen Building in the name of the listed company Meihan Enterprise at a price of HK$1 and rename it Jianing Real Estate.

In other words, the connotation value of the Meihan will increase by nearly 750 million soon. Of course, even more sensual operations will always be behind!

After Meihan changed its name to Jianing Real Estate, it will sell Kinmen Building before the end of the year, and the sale price is an outrageous HK$1.68 billion.

Chen Songqing made 680 million Hong Kong dollars in half a year, which can be said to have stepped on the land and entered the altar of Hong Kong business.

Whether it is the acquisition of Meihan at a high premium, the acquisition of Kinmen Building at a high premium, and the acquisition of Kinmen Building with only 1 Hong Kong dollar, it is a series of plans for Chen Songqing to create a "bold and not short of money" character design.

Hong Kong people could not guess that the last transaction of 1.68 billion did not exist at all. So even if some people think the price is too outrageous, the facts are right in front of them. In the end, they can only believe that Chen Songqing is really a bit of a magical magic that turns into gold.

After buying and selling, Chen Songqing not only established a perfect character in front of all Hong Kong people, but also blew up the market value of Jianing Real Estate.

At this time, he will definitely enjoy VVVIP treatment if he goes to various banks in Hong Kong.

Therefore, Zhou Yang arrived in Hong Kong in time. Although he missed the drama of Bao Yu Gang swallowing the Hutchison Whampoa, another wonderful series has just begun.

"Mr. Zhou, Meihan's stock rose by another 8 cents!"

As soon as Zhou Yang entered the door, he heard a young man in a suit report to himself the latest stock price of Meihan.

"It's rising again, it's not bad!" Zhou Yang nodded calmly. "Xian" is the smallest currency value of Hong Kong dollars, which is a cent.

Since he opened an account at Changhong Securities to buy Meihan's stocks, he would come to their business department to sit for a long time every day. However, Zhou Yang is different from other customers who come to explore the stock market. His purpose is to read the newspaper.

Changhong Securities has subscribed to four newspapers: South China Morning Post, Xinbao, Sing Tao Daily, and Ta Kung Pao, and all previous newspapers are still stored, so Zhou Yang likes to come here to check all the news in Hong Kong in the past six months.

After Zhou Yang walked into the information room, there was a little more discussion about him in the lobby outside.

"Mr. Zhou is really calm. It is said that he bought a lot of Meihan's stocks. Xiao Cai, do he know how many shares he bought?"

"Uncle Hua, customer information must be absolutely confidential. I am just a messenger. If you talk too much, you will be fired by the boss!"

Xiao Cai is the one who just talked to Zhou Yang. He just joined the company this year and is not a real stock broker. Although he is very strict, his attentive look towards Zhou Yang just now can guess that Zhou Yang must have made a lot of money again.

In fact, Zhou Yang bought 31,000 shares of Meihan's stock, and each share rose by 8 cents and earned 2,500 Hong Kong dollars, which is equivalent to Xiao Cai's two-month salary.
Chapter completed!