OBS Chapter 354 Concealment
Chapter 354 Concealment
After discussing the million-dollar news with Jiang Tiansheng, Lin Luoqi returned to the Lin family with a heavy heart.
He walked straight into the family meeting room, where Lin Luoxun, Lin Luoshi, and Lin Zuhui were all present.
“Grandpa, Jiang Tiansheng has proposed selling a piece of news for 100 million yuan that could boost the stock price of Jide Real Estate,” Lin Luoqi said.
“One million yuan? Jiang Tiansheng is asking for the moon!” Lin Luoshi immediately shouted.
Lin Luoxun fell into deep thought. "Don't be so quick to dismiss it. Jiang Tiansheng always has his reasons for doing things. This news might really solve our urgent problem."
"But what if this news is useless? Wouldn't we lose 100 million yuan for nothing?" Lin Luoqi hesitated.
Lin Zuhui sat to the side, without saying a word.
After a long while, he said, "Luo Xun, go and talk to Jiang Tiansheng and see if you can lower the price."
If the information is truly valuable, then paying a small fee isn't out of the question.
Lin Luoxun nodded, "Okay, Grandpa, I'll go find Jiang Tiansheng tomorrow."
Meanwhile, at Dehe Real Estate Company, Jiang Tiansheng was methodically packing his personal belongings, preparing to hand the company over to Lin Luoqi.
He said to his two employees, "I'm leaving Dehe Real Estate to start a new chapter at Zhao'an Real Estate. Are you willing to come with me?"
The two employees exchanged a glance, and one of them said, "President Jiang, we are willing to follow you and believe that we can have a better future under your leadership."
Jiang Tiansheng nodded. "Okay, pack your things and come with me to Zhao'an Real Estate."
Back at Zhao'an Real Estate Company, Jiang Tiansheng called Li Zhi into his office.
"Lizhi, what have you thought about the matter I mentioned to you before?" Jiang Tiansheng asked.
Li Zhi lowered her head. "Mr. Jiang, I've made up my mind. If you want me to be your girlfriend, I need to have my own independent residence and a car."
Jiang Tiansheng didn't hesitate, "Okay, all of that is fine. I'll arrange independent accommodation for you, and I'll also buy you a car."
We'll meet tonight in the presidential suite at the Peninsula Hotel. But you need to understand, within the company, you can be my girlfriend, but outside the company, there are some things you need to be mindful of.
Li Zhi responded, "Yes, Mr. Jiang."
The next day, Lin Luoxun approached Jiang Tiansheng again. After some haggling, the Lin family finally agreed to buy the information for 90 yuan.
On the third day, Jiang Tiansheng informed Lin Luoxun of the news. Lin Luoxun was pleasantly surprised and hurriedly went back to formulate a response plan.
Shortly after Lin Luoxun left, Lin Luoqi personally visited the Zhaoan Real Estate Company.
“Mr. Jiang, my grandfather has agreed to pay the 1 million yuan,” Lin Luoqi said.
Jiang Tiansheng was taken aback, then smiled and said, "President Lin, the price has actually been reduced to 90 yuan. Your grandfather should know that by now."
Since you agree, I won't say anything more. However, the value of this information far exceeds 90 yuan.
Lin Luoqi nodded. "President Jiang, I trust you. Now, can you tell me the contents of the message?"
Jiang Tiansheng's smile faded, and his expression turned serious. "President Lin, Hongkong Land plans to acquire Hong Kong Electric Company."
Lin Luoqi's eyes widened in shock. "What? Hongkong Land is going to acquire Hong Kong Electric Company? This is no small matter!"
Jiang Tiansheng continued, "That's right, Xiangjiang Electric Light Company has a huge market value and is a high-quality enterprise."
If this acquisition goes through, its scale and impact will likely be no less than the "Zhi Niu War" of ten years ago.
Hongkong Land has begun secretly acquiring shares in the Electric Light Company, but such a large-scale acquisition must be done cautiously, and their intentions cannot be revealed too early.
Lin Luoqi frowned. "President Jiang, is this information reliable? What does this mean for our Lin family?"
Jiang Tiansheng leaned back in his chair. "The information is absolutely reliable."
The reason I told your Lin family this news is that I wanted to leverage the Lin Zuhui family's influence and network of connections in Hong Kong.
We can scale up the acquisition, recreating the "bull market war," which would maximize our profits.
Lin Luoqi pondered for a moment, "President Jiang, do you mean to involve our family?"
"By diverting the attention of Hongkong Land and getting more people involved in the acquisition battle, you can profit from it?"
Jiang Tiansheng smiled, "President Lin is indeed clever. I know this is also an opportunity for your Lin family, to enhance your family's status in the business world. Of course, I won't treat you unfairly."
Lin Luoqi sat up straight. "President Jiang, I need to tell Grandpa about this immediately. However, it will take time to raise funds."
Jiang Tiansheng nodded, "No problem, President Lin. I will continue to acquire 143 shares and will not let the news leak out for the time being to ensure the secrecy of the acquisition."
“Okay, Mr. Jiang, I’ll let you know as soon as there’s anything going on here,” Lin Luoqi replied.
After Jiang Tiansheng finished speaking, he picked up the phone and dialed Zhang Taotao's number.
"Tao Tao, take 600 million yuan as principal, leverage it tenfold, and immediately buy shares of Xiangjiang Electric Company. Remember, be careful and don't cause too much of a stir."
"Okay, Mr. Jiang, I'll get right on it," Zhang Taotao replied on the other end of the phone.
While Jiang Tiansheng was busy acquiring stocks, news of Paramount Company's acquisition of Zhonghuan Liancheng Building spread like wildfire in the market, causing a huge uproar.
The prices of properties in the Liancheng Building, which had been relatively stable, suddenly skyrocketed overnight.
Upon learning this news, Jiang Tiansheng became suspicious.
He found his assistant and asked, "The property prices in the Liancheng Building have risen so strangely."
"Investigate whether homeowner Yan Zhijie, in collusion with other homeowners, is pulling strings behind the scenes to try and extort money from the Paramount Company."
The assistant quickly investigated and returned to report: "President Jiang, it was indeed Yan Zhijie who took the lead."
He conspired with several property owners, hoping to take advantage of the Paramount's acquisition to drive up prices.
Jiang Tiansheng sneered, "Just as I expected. Let's go negotiate with them and see how I handle it."
At the negotiating table with the homeowners, Jiang Tiansheng deliberately frowned, his face showing hesitation.
"Everyone, this price increase is outrageous! I need to go back and report to the board of directors to see if they will approve it."
In fact, Jiang Tiansheng had been prepared for this for a long time.
Before coming to negotiate, he had already acquired two floors of Liancheng Building through other channels at a price of 1200 million yuan per floor.
Including the floors that Paramount already owned, Paramount now owns a total of 5 floors in the Liancheng Building.
The homeowners wanted to keep raising the price, saying, "Mr. Jiang, this location, this property's potential, this price is not outrageous at all."
"Go back and talk to the board of directors, there definitely won't be any problem."
Jiang Tiansheng knew in his heart that he had already achieved his expected profit. He decisively said:
"Everyone, I'm really sorry, but we really can't accept this price."
"We have to end these negotiations here for now."
After saying that, he stood up and left.
Not long after, another astonishing piece of news came from the market.
A foreigner offered a high price of 16 million yuan per floor to buy the five-story Liancheng Building property held by the Paramount Company.
Upon learning this, Jiang Tiansheng did not hesitate and quickly signed a contract with the foreigner.
With this deal, Paramount Company recouped 8000 million yuan and made a profit of 2000 million yuan, achieving a return rate of 33%.
Immediately following this, Jiang Tiansheng held a press conference.
Numerous reporters arrived at the scene, and flashbulbs kept going off.
"Mr. Jiang, why did Paramount Company suddenly sell the Liancheng Building property? Is it a publicity stunt?" a reporter asked first.
Jiang Tiansheng calmly replied, "Everyone has misunderstood."
Paramount originally intended to acquire the entire Liancheng Building, but after evaluation, it was found that the company lacked sufficient funds.
Unable to sustain the entire acquisition plan, they had no choice but to abandon it and sell the properties they already owned.
Upon hearing this news, the homeowners who had hoped to take advantage of the Paramount Company's acquisition to raise prices were filled with regret.
They thought they could make a fortune, but they missed a golden opportunity to sell at a high price.
Subsequently, the property in Liancheng Building fell into an awkward situation where it was available but not sold.
Experienced real estate developers can see clearly that the property price has been inflated and is not worth taking over.
Some homeowners blamed Jiang Tiansheng and Paramount Company for this, harboring resentment towards them.
But Jiang Tiansheng didn't care about that. He was more concerned about the financial situation of the Paramount Company.
As news of the profit from the sale of the Liancheng Building property spread, Paramount's stock price rose slightly, and its market value successfully exceeded 4 million yuan.
Jiang Tiansheng began to address the company's financial problems. He used 600 million yuan of his personal debts to offset part of the funds raised for the rights issue.
Even so, he still owed Paramount Company 4300 million yuan.
At the company's finance meeting, Jiang Tiansheng told the finance staff: "Transfer 8100 million yuan out of the 8000 million yuan in the Paramount Company's accounts into loans."
This will reduce the company's debt and improve its liquidity.
The finance staff quickly calculated, "Mr. Jiang, after the loan is transferred, the company's liabilities will be reduced to 4650 million yuan, and the debt ratio will be reduced to 12%."
Jiang Tiansheng nodded in satisfaction. "Very good, let's do it that way. Although the Paramount Company's stock price hasn't risen significantly, its current financial situation is still quite good."
Next, I plan to focus my main efforts on making money privately and repay the 4300 million yuan owed to Paramount as soon as possible.
At the same time, I also plan to have the Paramount Group acquire another building, preferably a commercial building in Wan Chai. What do you think?
After a moment's thought, the finance staff said, "Mr. Jiang, if the commercial building in Wan Chai is in a good location, it has great potential for appreciation after the acquisition."
However, the specifics will depend on market conditions and prices.
Jiang Tiansheng said, "You should conduct a detailed market survey and collect information on suitable commercial buildings in Wan Chai, and then we can discuss it further."
"Yes, Mr. Jiang," the finance staff replied.
In mid-to-late July, the Hong Kong government announced the implementation of a three-tier financial system, a piece of news that quickly spread throughout the business community. Upon learning of this, Jiang Tiansheng immediately convened a meeting with the company's senior management.
"As everyone knows, the Hong Kong government has implemented a three-tier financial system to strengthen the regulation of finance companies."
"This policy seems to be targeting finance companies, but think about it, what impact will it have on our real estate industry?" Jiang Tiansheng was the first to raise this question.
An executive frowned and said, "President Jiang, with these stricter regulations, the operation of finance companies will definitely be affected, but how much does it have to do with our real estate industry?"
Jiang Tiansheng tapped the table. "This is very important! With finance companies being regulated, short-term deposits will decrease, and credit will contract."