Hong Kong variety show: Building a century-old family, starting with Hung Hing

Xiao Yuanrang smiled but did not answer directly: "Mr. Bai, Jiang Tiansheng's background is a bit complicated."

I don't know the whole story either. I only know that he recently acquired a listed company and just invested 100 million yuan in the stock market.

Bai Jinyan remained calm after hearing this, showing little emotion, and continued to press for answers:

"That's all? Nothing else? Which listed company did he invest in?"

Xiao Yuanrang shrugged: "I'm not comfortable revealing which company it is specifically. Anyway, he's been making quite a splash in the stock market."

Bai Jinyan nodded and didn't press the matter further. The two chatted about other work-related matters before ending their conversation.

Meanwhile, at the headquarters of the Paramount Restaurant Company, Jiang Tiansheng convened a meeting of department managers.

In the conference room, everyone sat upright, and the atmosphere was somewhat tense and tense.

Jiang Tiansheng got straight to the point: "I've called everyone here today to discuss the company's debt issues."

Everyone knows that the company is currently burdened with a debt of 3700 million yuan, and a solution must be found.

My idea is to sell assets to pay off debts. What suggestions do you all have?

Development Manager Su Qishan spoke first: "Mr. Jiang, I think we can try selling land in the New Territories."

However, the current market conditions are not good, and selling may result in a loss.

Jiang Tiansheng said, "We have to sell even at a loss, it's better than carrying debt all the time. I'll give you a week, you must complete this task."

Su Qishan nodded in agreement.

Restaurant manager Kang Wenyi looked troubled and said, "Mr. Jiang, the competition in the restaurant industry is too fierce now. I really can't think of any way to change the situation."

Upon hearing this, Jiang Tiansheng looked dissatisfied: "Intense competition is not a reason."

If there's no other way, we might have to consider selling the tea restaurant. Think about it carefully. Kang Wenyi lowered his head and didn't say anything more.

Then, Jiang Tiansheng looked at Zhao Kai, the property manager: "Manager Zhao, you are responsible for evaluating the properties under our management and submitting a report within a week."

"We need to know which properties are available for sale and how much they can fetch." Zhao Kai nodded to indicate that he understood.

Jiang Tiansheng made similar demands to other department managers, emphasizing that a solution must be found as soon as possible, otherwise 703 would face the risk of being replaced.

After the meeting, the department managers returned to their posts and began working on resolving the company's debt issues.

In the following days, Jiang Tiansheng focused his energy on handling company affairs.

He attempted to sell the tea restaurant properties, but these properties were still mortgaged to the bank, and buyers took the opportunity to lower the prices after learning about the situation.

Selling at a low price is definitely not worthwhile, so they began to consider waiting for other sources of funding, such as the return of funds from the sale of land in the New Territories.

There are also returns from stock market investments. Once I have the money, I'll untie these properties and then sell them at a suitable time.

On March 16, a surprising piece of news broke in the stock market: the share price of Chung Hwa Bus Company suddenly surged.

It turns out that the second largest shareholder, Huang Yaonan, sold his 8.35% stake to Athlone, a newly established company by Bailibao Investment Company, for 25 yuan per share.

The news spread through the stock market, and the share price of Chung Hwa Bus Company rose rapidly.

Industry insiders predict that this indicates the stock price may rise further.

The Huang Yaonan family and the Yan Chengkun family originally had a good relationship.

However, as the Huang family cashed out their shares in China Bus, the Yan Chengkun family became the largest shareholder, and the relationship between the two families deteriorated.

Today, Yen Cheng-kun holds absolute power on the board of directors of Chung Hwa Bus Company, and his conflict with the Huang family is deepening.

At a gathering in the business community, Huang Yaonan met with senior executives of Bailibao Investment Company.

Huang Yaonan stated frankly: "I support your acquisition of China Bus Company this time."

I sold my shares to your company, Athlone, hoping to reap substantial profits.

A senior executive at Bailibao Investment Company responded: "Mr. Huang, thank you for your support."

However, as you know, although we have the support of Regal Hotels and Great Eagle Holdings, our current market value is still lower than that of China Bus Company, and the acquisition process carries certain risks.

Huang Yaonan waved his hand: "I understand, but I am optimistic about your future operations."

With proper management, everyone can make a fortune.

At this time, athlone, as a subsidiary of Paliburg Investments, had not yet announced a specific acquisition plan.

Many speculate that this is because the funding has not yet been secured, suggesting that athlone's strength and preparation are insufficient.

In the stock market, the share price of Chunghwa Bus Company rose sharply.

At the close of trading, the stock price reached 26.3 yuan, a single-day increase of over 45%.

Jiang Tiansheng was quite pleased to hear this news.

He told his assistant, "The stock price movement is in line with my expectations. At this rate, it is expected to continue to rise to 35 yuan."

However, the specific increase will depend on how quickly Athlone raises funds.

The assistant asked, "Mr. Jiang, do you think the stock price will continue to rise tomorrow?"

After thinking for a moment, Jiang Tiansheng said, "It will rise, but the price increase probably won't be as large as it is today."

Yang Mingkun went to Jiang Tiansheng's office and got straight to the point: "Mr. Jiang, I want to expand the business scale of Fengtu Construction Company and form a new engineering team."

After listening, Jiang Tiansheng nodded: "Mr. Yang, that's a good idea, I support you."

However, as you know, Dehe Real Estate Company is of limited size and may not be able to support the workload of two construction teams.

Yang Mingkun quickly assured him, "Mr. Jiang, don't worry. I've already secured some business for the new construction team, which should guarantee at least half a month's worth of work."

Jiang Tiansheng said, "Okay, since you're confident, then go for it. If you have any questions, just let me know."

That evening, Jiang Tiansheng had dinner with his family at home. During the meal, Luo Qixing spoke up:

"Tiansheng, do you think you could help Zhang Guanqi find a job? She's been wanting to find a suitable job."

Jiang Tiansheng put down his chopsticks and said, "Uncle Luo, my brokerage business isn't doing well these days either."

I think Zhang Niangqi should stay home and help out for now, and we can discuss it again when a more suitable opportunity arises later.

Upon hearing this, Zhang Xiqi's face showed displeasure, but he still said, "It's alright, Mr. Jiang, I'll look for it myself again."

The next day, Jiang Tiansheng arrived at the company and the first thing he did was to check the stock prices of Sino Land and China Pacific Insurance.

The assistant reported: "Mr. Jiang, Sino Land's stock price has risen to HK$6.1, and China Bus's stock price has risen to HK$27."

Jiang Tiansheng calculated that the rise in Sino Land's stock price would help him repay his 850 million yuan debt.

At the same time, he was also considering the debt and asset restructuring issues of the Paramount Restaurant Company.

He told his assistant, "Pass down the word that we need to speed up the restructuring of the Paramount Company's debts and assets. I plan to sell the company by July 1982 and get a good return."

Jiang Tiansheng did not stay in the office for long before heading to the agreed location with the buyer to discuss the sale of the New Territories land.

He told his assistant, "I don't trust the development department of Paramount Company. I'm afraid they'll try to profit from it."

This land sale is of great importance; I need to go in person.

Upon arriving at the agreed location, Jiang Tiansheng sat opposite Wen Jiantao, the department manager of Xiangjiang Jianian Real Estate Company.

Two cups of coffee sat on the table, their rising steam blurring their vision.

Jiang Tiansheng broke the silence first: "Manager Wen, the reason I called you here today is to discuss the sale of two plots of land owned by Paramount Restaurant Company in Yuen Long New Town and Tai Po."

Wen Jiantao nodded and replied, "Mr. Jiang, our Jianian Real Estate Company is interested in these two plots of land."

However, before we discuss this, I'd like to understand the specific details of these two plots of land.

Jiang Tiansheng leaned forward and said earnestly, "Manager Wen, the locations of these two plots of land are excellent."

The Yuen Long New Town and Tai Po have broad development prospects, and the land is designated for residential use, which is a significant advantage in the market.

Whether it's building residential communities or commercial facilities, it will bring good returns in the future.

Wen Jiantao said, "Mr. Jiang, we understand what you are saying."

.........

But as you know, there are now cheaper Type B land exchange certificates on the market.

The price for these two plots of land needs to be carefully negotiated.

Jiang Tiansheng was already prepared and said, "Manager Wen, although those Class B land exchange certificates are cheaper, they can't compare to our two plots of land in terms of usage restrictions and development difficulty."

"These two plots of land are so convenient; we can plan and develop them right away."

……

Wen Jiantao retorted, "Mr. Jiang, that's true, but the price difference is there."

You need to give us a realistic price, otherwise it will be difficult for us to consider it.

The two sides went back and forth, engaging in fierce bargaining over the price.

Jiang Tiansheng insisted that his land was valuable and that the price should not be lowered easily;

Wenjian Ceramics, on the other hand, relied on low-priced resources in the market to continuously drive down prices.

After a long debate, Jiang Tiansheng, considering that the Paramount Restaurant Company urgently needed to recover funds and alleviate its financial pressure, finally relented:

"Manager Wen, how about this, I'll compromise and sell it at 90% of the market price, 100 yuan per square foot. This is the lowest price I can offer."

After pondering for a moment, Wen Jiantao felt the price was within an acceptable range and said:

“Okay, Mr. Jiang, we can accept this price.”

Alternatively, I can help you contact buyers to purchase the tea restaurant from the Paramount Company.

Jiang Tiansheng laughed and said, "That's great, Manager Wen."

It would be wonderful if the tea restaurant could also be sold smoothly. I hope we can have a pleasant collaboration in the future.

The two then discussed in detail some details of the transaction, such as payment method and settlement time, and after reaching an agreement, the meeting ended.

After leaving Xinghuang Tea Restaurant, Jiang Tiansheng went to Dehe Real Estate Company.

Lin Luoqi was waiting for him in the office.

When Lin Luoqi saw Jiang Tiansheng come in, he smiled and said, "Tiansheng, I heard you've been quite busy with business lately."

After Jiang Tiansheng sat down, he replied, "Yes, Rocky, things keep piling up. But business is going fairly smoothly."

Lin Luoqi asked curiously, "Tiansheng, there are quite a few companies on the market that imitate Dehe Real Estate. Has your business been affected?"

Jiang Tiansheng said confidently, "Although there are many imitators, speculators still have a great demand for small shops."