"Oh? Which piece of land in Kowloon?"

The secretary found the map and pointed to a piece of land northeast of Kowloon Bay and said: "I checked about here. The land area is about 700,000 square feet. If auctioned, the base price will be about 700,000 Hong Kong dollars, and the final transaction price is between 900,000 and 1 billion Hong Kong dollars."

Wei Yixin stared at the map for a while and asked, "How much do they plan to bid?"

The secretary said: "HKD 500 million is a bit small, but I don't think this is their bottom line."

Wei Yixin quickly made a decision and said: "The Hong Kong government used the land in Kowloon as a mortgage guarantee to raise HK$1.5 billion in Yuantu Investment and injected 1 billion into Haitu Bank."

The secretary instantly understood Wei Yixin's plan. This was actually no different from Jim's proposal. It was just a different statement. In the name of mortgage, you can use the land auction process to save a lot of time.

"So, Governor, I'll just reply Jim?"

"Go, tomorrow morning, I will hear the news of Yuantu Investment entering the market and supporting the market spread throughout Xiangjiang!"

The secretary conveyed Wei Yixin's intention to Jim who was spitting at the negotiating table. Jim communicated with Lu Renhe by phone, and signed a series of agreements with the Hong Kong government on behalf of Yuantu Investment.

The Hong Kong government raised HK$1.5 billion in Yuantu Investment with plot A near Kowloon, and used HK$1 billion of which to clear Haitu’s debt. Yuantu Investment acquired Hang Lung, Overseas Trust and Kangnian from the Hong Kong government, with the acquisition prices of HK$320 million, HK$210 million and HK$870 million respectively.

The next day, on October 27, at 8:30 am, Yuantu Investment and the Hong Kong government jointly held a press conference to announce the news.

Immediately afterwards, Lu Renhe, on behalf of Yuantu Investment, announced that he would enter the market by injecting HK$1.5 billion into three banks.

These two news immediately spread throughout Xiangjiang, and people rushed to tell each other, as if as long as Yuantu invested, the stock market could be resurrected.

After the Hong Kong stock market opened, although the market still opened lower, it no longer saw a large number of selling orders appearing like yesterday.

Half an hour later, Yuantu Investment began to enter the market and swap goods through three banks, and Liu Luanxiong's Huayuan Fund followed closely behind.

The first thing that boosted was real estate stocks, including Liu Luanxiong's Chinese Real Estate, Li Ka-ki's Sun Hung Ki, Li Chaoren's Hutchison's Hutchison's Whampoa, and Changjiang Industrial's stock prices rose steadily.

Affected by this, the market's panic has eased, and some retail investors have begun to follow up cautiously.

By the close of noon, the stock price of Chinese Real Estate rebounded by 24% compared with yesterday, Sun Hung Kai rebounded by 19%, and Changjiang Industrial rebounded by 21%, while Hutchison Wong was the leader, rebounding by 40.7%!

Li Chaoren also entered the market with huge capital, mainly targeting the market stocks of the four Cheung Kong companies. However, the funds he entered the market in the morning were limited, and he thought he could not afford such a high stock price of He Huang. So there was only one explanation. Yuantu Investment and Huayuan Fund were also buying He Huang stocks in large quantities.

He originally wanted to wait and see the situation before talking, but now he dare not wait any longer. If he waits any longer, he will probably no longer have his surname Li.

So, after the opening in the afternoon, Li Chaoren changed his gentleness in the morning and was like a hungry mad dog, buying stocks from four companies in the Yangtze River.

With the rise of Cheung Kong stocks, many investors came to their senses and immediately changed their strategies and began to reluctantly sell.

In just one hour, Li Chaoren spent 500 million Hong Kong dollars, plus the 200 million Hong Kong dollars in the morning, half of the 1.5 billion Hong Kong dollars prepared were used.

Seeing this, Yuantu Investment and Huayuan Fund also increased their efforts to sweep goods, and the two companies worked together to invest 1 billion Hong Kong dollars.

The battle between the two sides has caused the Cheung Kong stock price to rise by 10 percentage points. In this way, more investors have begun to wait and see, and they must sell, but now they still hope that the stock price will continue to rise.

At three o'clock in the afternoon, the two sides seemed to have a tacit understanding and the stock market became calm.

But just fifteen minutes later, a huge number of Cheung Kong stocks sold suddenly appeared in the market, which suddenly suppressed the stock price.

Xiangjiang stock investors with extremely rich experience in leeks immediately understood that this is the dealer who wants to clear retail investors. As for whether it is Li Chaoren or Yuantu’s investment, it is no longer important. If you don’t ship it, you may lose all your money.

Yuantu Investment Headquarters.

Seeing the Cheung Kong Group's large number of selling orders appear, Jim smiled and said, "Li Chaoren can't hold back."

Lu Renhe shook his head and said, "It's not that simple. He is not short of money. The 3 billion Hong Kong dollars he raised not long ago plus his private funds is at least 5 billion Hong Kong dollars, which is no less than the chips we have in our hands."

"Then why is he?" Jim wondered, "Does he still want to be privatized?"

Lu Renhe's heart skipped a beat, "It's not that there is no possibility."

Jim laughed: "Boss, don't joke, how is this possible? The Hong Kong government will make a move to temporarily cancel the comprehensive acquisition regulations that must be implemented for the purchase of more than 35% of the shares of the subsidiary company and allow Li Chaoren to enter the market, but it also stipulates that the shares purchased exceed the limit must be sold within one year in a placement."

"Jim, you also said that if you sell it within one year, it will take too long for a year. Who can tell the future? If I were Li Jiacheng, I would take advantage of this exemption opportunity to buy stocks at a low price. As long as the voting rights exceed 50%, you can attack or defend. Haha, is it still difficult to win another 17% of the shares?"

Jim habitually touched the bearded man and frowned: "If Li Chaoren intends to privatize it, then who is the target of privatization?"

There are four companies in Cheung Kong Group. Even after the stock market crash, the total market value is nearly HK$30 billion, so Li Chaoren cannot privatize all four companies because he does not have this strength.

The two blurted out at the same time: "Harvest Huang!"

In March this year, Hutchison Wong split the non-power business of Hong Kong Lighting and established Jiahong International Group Co., Ltd. Jiahong purchased 23.5% of Hong Kong Lighting's equity from Hutchison Wong and became the holding parent company of Hong Kong Lighting Group.

The reorganized Cheung Kong Group's equity structure is: Li Jiacheng Control has 33.4% of the shares of Changjiang Industrial, Changjiang Industrial Control has 36.55% Hutchison Whampoa and 42.9% Qingzhou Yingni, Hutchison Whampoa Control has 53.8% Jiahong International, and Jiahong International Control has 23.5% Hong Kong Lighting Group.

At the beginning of the month, after the Cheung Kong Group raised funds and rights, although Li Jiacheng's equity was diluted, it still controlled no less than 30% of the equity of Cheung Kong Group and Hutchison Whampoa, firmly grasping the control of Cheung Kong Group.

Although Changjiang Industrial is the old team that made Li Jiacheng's fortune, it is currently the most important link between the four Cheung Kong companies.
Chapter completed!