Chapter 379 Vulture
As Fang Hexuan's wealth grew, his position as the richest man in Hong Kong became more and more stable.
In the past, some people had made ambitions to surpass him, but since this year, those who still hold such ambitions have almost disappeared.
The person who poses the biggest threat to his position is naturally Li Huanggua, but after being taught a lesson by Fang Hexuan, this old guy has become more low-key and tolerant.
Of course, the title of the richest man becoming more and more famous is not necessarily a good thing.
At the very least, his every word and action now is likely to be closely watched by the outside world and may also cause many unexpected negative impacts.
People from the Hong Kong government and the mainland have expressed their concern and worry to him through various channels. To put it bluntly, as the richest man in your country, don't go too far, otherwise, everyone will have a hard time.
This invisible burden and shackles brought to him made Fang Hexuan feel more and more that it was meaningless to stir up trouble in his small piece of land in Hong Kong.
In the eyes of many stakeholders, if you, the giant dragon coiled in the small pond, move your body at will, the other small fish and shrimps in the water may be in big trouble.
Having said that, Fang Hexuan was unwilling to see many great opportunities in his memory slip away!
For example, the strong impact that the Iron Lady’s visit to the mainland had on Hong Kong’s economy at the end of September, could he miss such a good opportunity to make money?
Only a fool would do nothing, but Fang Hexuan also knew that he could not do too much, especially not causing severe turmoil in Hong Kong's economic order.
Although political risks still affect Hong Kong, you, Fang Hexuan, cannot add fuel to the fire!
Therefore, even though he knew that there would be a major crash in the Hong Kong stock market, he could not be too ruthless!
For example, he could clearly maliciously short sell index stocks such as HSBC, Hang Seng Bank, Hongkong Land, Wharf Holdings, HK Electric, Cheung Kong Holdings, Sun Hung Kai Properties, Henderson Land Development, Hang Lung Group, Hysan Development, and New World Development, but he also had to consider the subsequent impact.
Of course, these powerful companies themselves are not so easy to be attacked by surprise. Even Fang Hexuan needs to concentrate all his efforts to deal with them.
Therefore, for this hunting plan, Fang Hexuan set a goal for himself, which was to try not to target large companies and only eat what he needed.
He is not someone like Fan Liu who would do anything for money. Making money is simple for him. He cares more about his strong influence and good reputation in the Chinese world.
For example, Hang Lung Group cannot afford to pay the land compensation to the Hong Kong government and is also rejected by banks. If the richest man maliciously shorts its stocks at this time, it will be easy for Fang Hexuan to control Chen Qizhuo.
Worrying about damaging his reputation was not the most important thing. He was mainly afraid of all the pleas and appeals that would follow, which would be annoying.
In short, after obtaining the property development rights of Admiralty Section 2 and the investment quota for several other completed properties from Chen Qizhuo, Fang Hexuan no longer planned to cut any more profits from him.
He then turned his attention to several other companies.
港股从9月22号的1121.8点一路下跌到10月26号753.76点,短短一个月,跌幅达到惊人的32.8%。
The short-selling operation that Fang Hexuan started in mid-September not only brought him a good return on investment, but also made him a shareholder through stock speculation.
Of course, these are generally small and medium-sized companies, and they were the most severely hurt in this stock market crash.
The market fell by more than 30%, and non-constituent stocks or non-Hang Seng Index stocks fell sharply. The share prices of many companies were cut in half, or even worse!
Among them, the performance of real estate stocks affected by the property market debuff was the most shocking.
However, when peers fall, the richest man gets to eat.
He can't just go after big real estate developers at will, but he won't be soft on small real estate developers. The investment manager took a bunch of company information and put it on Fang Hexuan's desk, and handed him a list of companies that had already obtained at least 10% of the shares.
He picked it up and looked at it carefully. The real estate investments included Jia Nian Real Estate, Great Eagle Properties, Joy City Real Estate, Crown Properties, Asia Securities Real Estate, Yongtai Real Estate, and Dasheng Real Estate.
In terms of property investment, there are Sino Land, Sports Development, Dachang Group, Industrial Holdings, Bofulin Properties, Central China Industrial, Wanbang Investment, SEA Holdings, Far East Holdings International, etc.
Hotel investments include Far East Hotel Industry, Huada Hotel, Kailian Hotel, Shunhao Property, etc.
For each company name, the investment team helped to find detailed information about the company, including specific business and debt situation.
Most of the real estate companies on the list hold small plots of land, or multi-storey buildings and small housing estates under construction in non-prominent locations, as well as investment shares in some large housing estate projects.
Since he had become a shareholder through stock speculation, Fang Hexuan took advantage of the sluggish property market to make some deals with them and acquire investment shares in these commercial buildings under construction and large housing projects.
As for those companies that have invested in properties, his purpose is even simpler. He would select some companies with good prospects from the property information of these companies and invest money in them directly. If that doesn't work, he would just acquire them in full. Anyway, their market value has fallen to a terrible level.
When seeing the hotel section, the investment manager reminded:
"The owner of the Huada Hotel and Shunhao Property is actually the same person, named Zheng Tianshun, who is a relative of Li Zhaoji. His son Zheng Qiwen married Li Peiling, the second daughter of Li Sheng."
Fang Hexuan did not raise his head to show surprise, but just said while reading the information:
"That's really a coincidence, but it won't affect our acquisition of his company."
The investment manager hesitated to speak, Fang Hexuan looked at him, then waved his hand and said:
"My fourth uncle and I are in the same business, not relatives. I don't need to look at his face when doing business."
"I'm just afraid that Mr. Li will try to stop us."
"That's great. I'm looking forward to fighting with Fourth Uncle. I didn't use harsh measures against them this time. These people should know what's right for them."
The investment manager remained silent this time. There were some things that were beyond the control of an executor like him.
"Okay, start the action. These two hotel companies can be taken down. Tell me if there are any problems later."
"Okay, boss!"
Fang Hexuan continued to look at the information and was suddenly attracted by a company called "Hongtong Holdings".
"This company seems to be quite powerful, right?"
The investment manager took a look at the information in the boss's hand, then nodded and said:
“It has close ties with the Hong Kong government and is not easy to acquire.”
Fang Hexuan shook his head and said disdainfully:
"I am not interested in this kind of toll collection company, but they hold 70% of the shares of Hong Kong Driving School Limited, which gives me some ideas."
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(End of this chapter)