Hong Kong variety show: I can boost loyalty, the most generous boss.
Chapter 42: 42 Sniping Aimei Gao Industry
Chapter 42. Targeting Aimeigao Industrial
Besides Ah Le and Da Pu Hei, Yang Jun's boss Chui Ji also invested 20, which is all his assets.
Chuiji pulled Yang Jun aside and said to him:
"Ah Jun, I've taken out all my savings for my funeral. I hope I'm not losing out?"
Yang Jun was speechless and comforted Chuiji by saying:
"You lost 20, I'll compensate you 30!"
Chuiji chuckled obsequiously and said to Yang Jun:
"No need for that, I still trust you!"
Chuiji knew that Yang Jun had made tens of millions from selling land, making him a bona fide billionaire.
Apart from Big D, no one in the gang can compare to Yang Jun in terms of wealth.
Yang Jun definitely couldn't let Chuiji lose money. This was Yang Jun's nominal boss, and in the underworld, respect for one's master is paramount.
Yang Jun needs to maintain his image as a loyal and righteous person. Sometimes reputation is very important, as it can attract more talent!
Everyone would seek out a loyal and influential figure; why would they follow a crow?
Soon, everyone in the Wo Luen Shing knew that Yang Jun had opened a securities company and a fund company, and that Ah Le and Da Pu Hei had invested several million.
Big D and Fish Head, who hadn't invested, were watching the joke unfold, and Uncle Deng also found out about it.
Uncle Deng, that old fox, became even more interested in Yang Jun, and asked Chuanbao:
"I heard that Handsome Jun made 50 million from the Li family when he sold land before, is that true?"
Chuanbao nodded and said to Uncle Deng:
"It's true, it's all over the place now, Handsome Jun is really rich!"
"I heard that Yang Jun pays each of the 49s a fixed salary of 3000 yuan. That's incredibly extravagant."
What? Uncle Deng was shocked. Paying Si Jiu a fixed salary?
You should know that Yang Jun has at least 500 to 600 underlings, and he pays them a fixed salary of 1.5 million a month. Handsome Jun is really generous!
A short mule gets a fixed salary? What's the difference between that and a civil servant? That's a respectable job.
In Hong Kong Island, there are dozens of triads whose underlings don't receive salaries and can only make a living by receiving tips from their bosses!
Just like Chen Haonan before, he earned commission by valet parking. When business was bad, he couldn't earn much money in a day.
"Hey, can you find out about Ah Le and the others' investment returns for me? If it really is 50%, I want to give it a try too!"
"understood!"
Giant Securities and Giant Fund have already opened for business. The company is located in an office building in Causeway Bay. Yang Jun walked to the company's front desk.
The receptionist with glasses recognized Yang Jun and bowed respectfully.
"Hello, Chairman!"
Yang Jun smiled and nodded, then walked towards the office area.
"There are quite a lot of people. Jimmy did a good job!"
Looking through the glass door, Yang Jun saw a large crowd gathered in the office area, with dozens of elderly people asking if the investment returns were really that high.
A week ago, Jimmy bought buses and TV commercials on Hong Kong Island to advertise Giant Fund Company, promising to refund the principal if the return exceeded 10%!
Jimmy's promise caused a sensation throughout Hong Kong Island, attracting many middle-aged and elderly people who invested their idle funds in the Giant Fund.
"Chairman, I didn't know you were here. Let's go to your office to report."
Jamie ran out of the office area, covered in sweat, clearly having been so busy he barely had time to breathe.
The two went to Yang Jun's main office. Zhan Mi, holding a notebook, said to Yang Jun:
"Boss, our Giant Fund has absorbed a large number of market funds in the past few days, and the total amount of funds has reached 150 million."
Yang Jun nodded. Of the 150 million yuan, 50 million was Yang Jun's principal and the other 10 million was from the tycoon of Wo Luen Shing.
In other words, these elderly folks outside contributed HK$100 million to Yang Jun, giving him HK$150 million in trading funds. With a 3x leverage, that's HK$600 million. "Jimmy, use these funds to apply for leverage at HSBC, apply at the highest possible rate."
Fund companies can also leverage their funds; the current regulations in Hong Kong allow a maximum leverage of three times.
Upon hearing this, Jamie's hands trembled. No! This is all the money of the stock market investors.
"Boss, isn't the risk too great?"
Stock trading without leverage is soulless; the bigger the storm, the more expensive the fish!
Yang Jun insisted on increasing leverage, and Zhan Mi had no choice but to comply, so he went to HSBC to conduct business.
While Jimmy was at HSBC, Yang Jun turned on his old CRT computer and checked the stock prices on the Hong Kong stock market.
In his previous life, Yang Jun had also traded stocks in the A-share market and Hong Kong stocks, but he didn't make any money. It's very difficult for retail investors to make money in the stock market.
Computers in those days were expensive, slow, and bulky. Yang Jun's office computer was a CRT monitor that could only be used to browse the web and log in to check the Hong Kong stock market.
The Hong Kong stock market is currently in a period of intense competition among four exchanges. The Far East Exchange, Gold and Silver Exchange, and Kowloon Exchange are among the first to merge into the Stock Exchange of Hong Kong (SEHK). However, the SEHK will not officially begin operations until 1986.
Therefore, the Hong Kong stock market in that era was extremely brutal, full of bloodshed and opportunities!
Yang Jun opened the Hong Kong Stock Exchange website and checked the stock prices of hundreds of listed companies, but couldn't figure it out.
Yang Jun used the stock market guru experience card, and sure enough, the listed companies on his computer screen changed, with red and green lines appearing.
"Ding! Stock Market Insights: Aimeigao, a listed company, will be targeted, and its stock price will reach a new high in the next five days."
Yang Jun found Amego's stock price on his computer and discovered that the stock price had been rising since the market opened in the morning, from 1.3 yuan per share to 1.45 yuan per share.
Yang Jun couldn't sit still any longer. The stock market guru experience card was only valid for 30 days, so he had to seize every opportunity!
"Jimmy, have you finalized the leverage agreement with HSBC?"
"Boss, I've got it done and I'm on my way back!"
Holding his mobile phone, Yang Jun said urgently to Zhanmi:
"Bring the new fund company manager to my office!"
Ten minutes after Yang Jun hung up the phone, Zhan Mi arrived at Yang Jun's office with the fund company.
Behind Jamie was a woman in her thirties, quite pretty, with neat short hair, wearing a black business suit, and efficient in her work!
Yang Jun had met this fund manager at a previous job fair. He was a Wall Street returnee and an executive that Jimmy had poached from other fund companies.
"Zhanmi, Wang Xue, please sit down first!"
Yang Jun first asked Zhan Mi about his leveraged loan at HSBC, and Zhan Mi reported truthfully.
"Boss, HSBC has approved our loan financing and has already transferred 450 million to our securities account."
The 150 million is the principal, while the 450 million is a loan for leveraged financing, which can only be used in the stock market and cannot be withdrawn.
Yang Jun's eyes lit up. There were a total of 600 million yuan, which was a large sum of money in the current stock market.
Many small listed companies have a market value of only a few hundred million or a billion yuan. Yang Jun's 600 million yuan is enough to influence some small and medium-sized listed companies.
Yang Jun looked at Wang Xue, the securities manager, and said to her:
"Manager Wang, use the fund's 200 million yuan to buy shares of Aimeigao."
Amex Holdings manufactures fans and has an annual net profit of HK$2.3 million. Its main markets are Europe, America, and Southeast Asia.
Due to the appreciation of the Hong Kong dollar, Amex's foreign trade business, which is based on manufacturing, suffered a severe blow, and the unsold products led to a decline in its stock price.
The total market value is only 600 million yuan, of which the largest shareholder, Liang Ying's family, holds only 20% of the shares, and the second largest shareholder, Liu Xiong, holds 5% of the shares.
With its dispersed shareholding and severely undervalued stock price, it's normal for this company to attract unwanted attention.
(End of this chapter)
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