Rebirth 1983: Building My Business Empire
Chapter 497 - Chapter 497 Chapter 485 Setting a Historical Record

Chapter 497: Chapter 485: Setting a Historical Record Chapter 497: Chapter 485: Setting a Historical Record October 26th, Monday.

The Hong Kong stock market had been closed for four days, and it started falling as soon as it opened at ten. Just like in America, after the big drop on the 19th, the government implemented a series of measures, which resulted in the market initially falling on the 20th but then starting to rise. By the end of the day, the stock index had been pulled up by 102 points, and on the 21st, it rose another 186 points compared to the 20th. However, Hong Kong stocks plummeted without ease, dropping a full 1120 points by the afternoon close to 2241 points, a decline of 33.33%, marking the largest single-day drop in history for the Hong Kong stock market.

After the stock market closed, Nie Zhan called several leaders of the investment department to a meeting. Before the stock market crash, Wansheng Real Estate’s shares were at 18 Hong Kong Dollars per share, but now they were down to 13 Hong Kong Dollars per share, a drop of more than 27.7%. Among all the stocks, this was still considered a relatively good performance.

It was also before the crash that 23% of the debt was repaid, and then funds were raised by issuing new stock, so investors still had confidence in Wansheng Real Estate.

Nie Zhan’s main focus for this meeting was about stockpiling land; his target was three billion. He wanted to act swiftly while others were still reeling from the stock market crash and had not reacted yet.

Manager Xiong from the investment department heard him say he wanted to stockpile three billion in land and said, “Boss, we only have a little over 1.2 billion in our accounts, and we can at most take out one billion to buy land. As for the remaining two billion…”

Nie Zhan said, “Wansheng Real Estate will take out one billion for stockpiling land, and Xinxin Real Estate will bring in two billion for stockpiling land. Later on, the two companies will collaborate to develop properties together.”

Manager Xiong was naturally aware of Xinxin Real Estate, the future madam’s company. As Xinxin Real Estate was a private company and not listed, this meant the future madam would bring out two billion for stockpiling land. That was two billion, not two hundred million; at this moment, he even doubted whether he was suffering auditory hallucinations.

Deputy Manager Zhang was less patient and asked, “Boss, Xinxin Real Estate will bring out two billion for stockpiling land? Is it confirmed?”

Nie Zhan was not annoyed and said with a smile, “Before the stock market crash, Miss Lu had a premonition that there would be a major shake-up in the stock market, so she made a considerable profit this time.”

Jiaxin intended to stockpile a large amount of land, and the money certainly had to come from somewhere. As Hong Kong’s elite were well-informed, Jiaxin’s moves being so significant, even if he did not mention it now, it would come out when the time came to stockpile the land.

Manager Xiong and the two deputy managers’ eyes nearly popped out of their sockets, then they looked at Nie Zhan with intense gazes.

Nie Zhan knew what that meant, and he shook his head, saying, “This is actually a huge gamble with only a 1% chance of winning, which naturally I would not partake in.”

The three of them were somewhat disappointed, but they quickly perked up again. Manager Xiong said, “Boss, then we can acquire all the land plots we were previously interested in.”

With the stock market in such a state, the real estate industry was also impacted, and the land plots they were previously interested in would definitely have their prices lowered. As for how much they could be reduced, that still depended on market feedback.

Nie Zhan warned them not to spread the news, “The company’s financial situation is known to the outside world, and no one will compete with us over it.”

The three managers immediately indicated that they would keep a tight lid on the matter.

When the three left the room, Deputy Manager Zhang from among them whispered, “What do you guys think, how much did Miss Lu earn this time?”

Manager Xiong said, “Putting twenty billion into stockpiling land, even using the highest leverage, the principle of short selling requires more than four billion. Considering Miss Lu’s net worth, this should be her limit.”

What he meant was that Lu Jiaxin had earned at most twenty billion.

The other deputy manager praised, “Miss Lu is bold, and our company benefits from it as well.”

Although it was Xinxin Real Estate stockpiling the land, given Miss Lu’s relationship with their boss, it would only be possible to collaborate with their company in development, it wouldn’t benefit an outsider.

Deputy Manager Zhang lowered his voice and said, “Before, Secretary Wang said that Miss Lu brings her husband good luck, many in the company didn’t believe it and thought it was baseless talk, but now, who doesn’t believe it?”

Everything went by the book when the boss took over the company, not a ripple in sight, and at the time many in the company still thought he was all hype with no substance. But ever since he started dating Miss Lu, he’s been hiring high-salary senior staff from outside and boldly reforming the company, and in just three years, the company’s market value has doubled.

Manager Xiong fell silent. He was among the non-believers, but now it was hard even if he didn’t want to believe.

As soon as Lu Jiaxin left school, she saw Su Heyuan waiting for her at the gate, his smile blooming like a trumpet flower, causing her to turn her head away, finding it too glaring for her eyes.

Having learned his lesson from the last time, Su Heyuan didn’t talk about stocks outside. Not until they were back in the apartment and inside the study with the door closed did he say, eager and unable to wait, “Jiaxin, Jiaxin, today the Hang Seng Index fell by 33.33%, last Monday it fell by 11%, these two days it dropped nearly 45%. Jiaxin, we made a fortune.”

With his forty million in capital and ten times leverage, that meant he had made 180 million (excluding fees and taxes). At the closing today, he was so excited that he yelled in the office, the thrill was just too much.

Lu Jiaxin asked with a smile, “I’ll sell at the opening bell tomorrow morning, you should sell too!”

From what she remembered, during this stock market crash, the Hang Seng Index apparently fell below 2000, which meant it would keep falling tomorrow. But she had already made a lot, there was no need to gamble on the lowest point.

Heyuan, with a face full of smiles, said, “Alright, I’ll tell the stockbroker to close out the position at the opening bell tomorrow. Jiaxin, thank you, without you, I wouldn’t have made so much money, I might’ve even lost all forty million.”

“Jiaxin, whatever you want, as long as I can buy it, I’ll get it for you.”

This time, Lu Jiaxin didn’t play it coy: “Go to the Mainland and collect some antiques and paintings for me, just keep it within two million.”

“Two million is too little, it should be at least five million.”

Lu Jiaxin didn’t refuse this time and said with a smile, “You did say before, the more you earn, the more you donate, so how much are you preparing to spend buying medical equipment?”

Heyuan, unregretting, because what was donated was only a small fraction and the lion’s share was still his, said, “Ten million Hong Kong Dollars, does that sound good?”

“That’s fine, but you need to get this done as soon as possible, otherwise it won’t look good when I report to Brother Gu,” said Lu Jiaxin.

Gu Wenfeng, having been pushed by Lu Jiaxin to stay in the hospital for a month, left the hospital the next day and returned to the Forty-nine City. He had promised Lu Jiaxin that once back, he would help pick out some retired soldiers who still had potential, and after his wounds healed, he would come back to train them.

Gu Wenfeng originally planned not to return from the Forty-nine City. He was already a broken man, staying behind to receive a high salary without being able to do the work; he couldn’t face it. But Lu Jiaxin said that if he didn’t come back, the promised medical equipment wouldn’t be donated. There was no choice but to agree.

Heyuan responded with a smile, then looked at Lu Jiaxin with bright eyes and said, “Jiaxin, next time, no matter what you invest in, you have to tell me, okay?”

He was already regretting not following her more closely this time. He should have taken out all 35 million used for buying stocks to follow her lead, then he would have made more than three billion. Ah, hindsight is always twenty/twenty! He still underestimated Jiaxin’s financial luck.

Jiaxin, amused, said, “When did I ever leave you out? Last time with the foreign exchange, this time shorting futures, I told you about both.”

Heyuan, smiling, said, “Yes, yes, yes, all thanks to Jiaxin for looking after me, otherwise how could I have such good days now.”

All his fortune added up to just over two billion, and now he had made more than two billion from stocks and shorting. No wonder the most famous things in Hong Kong are finance and real estate, the money comes fast indeed!

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