The Grand Hotel Group was originally owned by two major families, the Chia family and the Liang family. Its assets include several four-star or above hotels distributed around the world. It also holds multiple properties in Central, Mid-Levels, Repulse Bay and other places.
Before the stock market crash, its market value was around HK$8 billion. The actual amount of assets is even higher than this market value.
The reason for this is mainly because the tourism market has not been prosperous in recent years. So the business of big hotels is not very good.
In addition, the Liang family, one of the major shareholders, intends to divest from the business, so they continue to sell in the stock market. The Jia family also has other investments that require money, so they have been losing weight in recent years.
The poor performance and the fact that the two major shareholders were selling off their shares made the share price of the hotel group naturally low. The market value is lower than the actual assets, so it was sniped once at the beginning of the year.
It's a pity that it was not successfully acquired at that time, so Jia and Liang didn't care. Now, just in time for the stock market crash, the market value of the hotel group has dropped to 3.5 billion Hong Kong dollars, and there are a large number of stocks on the market that no one is buying.
Xiang Nan happened to collect them all.
…
K. Wah Real Estate is also an old real estate company founded by the Luo family in the 1950s.
It was originally very prosperous and was even the leader of Chinese-owned real estate companies. It was deeply respected and feared by the industry.
But unfortunately, in the 1980s, the first generation of the Luo family abdicated and the second generation took over the company. Because of the confusing business strategy, he engaged in diversified operations and successively set foot in building materials, traditional Chinese medicine, restaurants, chemicals, entertainment, media and other industries.
As a result, not only did they not make any money, but they also suffered huge losses. As a result, K. Wah Real Estate lost its leading position and could only barely be considered a front-line player among the many real estate companies in Hong Kong.
However, the meat in the bun is not in the pleats.
In fact, as an established company, K. Wah Properties holds a large number of properties in Hong Kong Island and Kowloon. Just because its performance is too poor, it has not been loved by investors.
Just like Liu Chan, he has always been called "the unsupportable Adou", but in fact, just looking at his life, you can know that he is already better than 50% of the emperors in history.
Now the market value of Jiahua Real Estate is only 4 billion Hong Kong dollars, and Xiang Nan has also taken it.
…
Just as Xiang Nan was making a fortune from the stock market crash, news came from the media that the drug lord Zhou Jisheng, known as the lame tycoon, and his wife Wu Baohua, a drug lord, were shot and died on the street.
It turns out that a large part of the money Chen Wanxian borrowed from the Baodao underground bank came from Zhou Jisheng. Now that he can no longer indulge in drugs, he puts all the money out to collect interest.
It was originally a very profitable business, but unfortunately, Chen Wanxian lost all his money when the stock market crash happened once in ten years. Chen Wanxian has also committed suicide and doesn't know where to go to recover his debts.
Zhou Jisheng already had many enemies, and he could even raise a group of thugs to work for him in the past. Now that he has no money, those subordinates will naturally no longer protect him.
Therefore, Zhou Jisheng and Wu Baohua, the poisonous couple, were eventually shot by their enemies and left dead on the street. They went to hell together with Chen Wanxian.
Xiang Nan couldn't help but feel a little emotional when he saw this news.
Zhou Jisheng and Wu Baohua were poisonous and committed many evil deeds. Now dying on the street is considered retribution.
…
After the stock market crash, in December, the Hong Kong stock market gradually recovered.
By the end of the year, the Hang Seng Index had rebounded to 2,300 points.
The stock prices of listed companies have also begun to rebound. Although they have not yet reached the level before the stock market crash, they can be regarded as returning to normal levels.
The market value of Grand Hotel Group has recovered to HK$7 billion, while the market value of K. Wah Properties has recovered to HK$8 billion.
Due to the merger of the Grand Hotel Group and K. Wah Properties, as well as its holdings of many high-quality blue-chip stocks such as Jardine Matheson, Land, China Coal, Hong Kong Electric, and China Coal, the market value of Wanbang has reached HK$40 billion.
After this incident, Xiang Nan's net worth rose to HK$6 billion, making him the youngest and most promising among Hong Kong's super rich.
For a time, many media reported on it, which made Xiang Nan's popularity rise sharply, no less than that of Wei Jiacheng, He Xin, Guo Yingzhong and other established rich people.
It is worth mentioning that Chen Taotao also made a fortune through the stock market crash. His net worth has exceeded HK$500 million, making him one of the richest people in Hong Kong.
…
Entering 1988, Xiang Nan launched a new development strategy.
The first is to purchase more land in Chek Lap Kok, Lantau Island, the New Territories and other places; the second is to purchase land along the Xiangjiang Route 3; the third is to go to Hong Kong to develop the real estate industry...
Chek Lap Kok is just a small fishing village and has not attracted the attention of Hong Kong real estate developers. But in ** year, it will be announced as the location of Xiangjiang International Airport, and the land price will increase hundreds or thousands of times;
Lantau Island is also an outlying island, and the land here was originally not valuable. But after the construction plan of the Tsing Ma Bridge is launched in 1992, the land on Lantau Island will also increase;
The same is true in the New Territories. The value of land along Route 3 will soar in the future. After all, Xiangjiang has a lot of people but little land, so sooner or later you have to go to the New Territories to live.
Zhenzhen launched a housing reform plan in 1988 to encourage real estate developers to invest in and build houses in Zhenzhen. Xiang Nan doesn't want to miss out on the mainland's huge real estate market.
…
In January, Chen Taotao and Fang Ting officially got engaged.
Xiang Nan was happy for them.
"Taotao, my sister has a stubborn personality, please be more tolerant of her." He gushed to Chen Taotao with a smile.
"Don't worry, I will do it." Chen Taotao nodded. In fact, what he liked was Fang Ting's strong and brave character who dared to love and hate, which was completely opposite to his mother's character.
His mother is a timid and indecisive woman.
After being abandoned by Chen Wanxian, I didn't even dare to complain and wanted to see him again until my death. I brought him to live in an African-American community. He was bullied by African-Americans and did not dare to stand up. He had to rely on his child to protect him...
Therefore, he was disgusted with this kind of women from the bottom of his heart. On the contrary, strong and brave girls like Fang Ting who dared to love and hate were more attractive to him.
…
At the end of February, little Judah successfully gave birth to a healthy baby boy at the Sanatorium and Hospital.
In fact, congenital heart disease is not a genetic disease. The probability of inheritance is only 28%, which is not high.
Therefore, even if the baby has a family history, there is a high chance of giving birth to a healthy baby.
Xiang Nan was very happy to see the little baby. After discussing with the little Jew, he named him Fang Zun.
Zun is a ritual vessel used to hold wine in ancient times. In the early days, only kings and princes could enjoy it, so it derived the meaning of nobility and respect.
Xiang Nan hopes that his son will become a noble and respected person in the future.
Sister Ling, Fang Fang, Fang Ting, Fang Min, etc. were all very happy to see the little Jew giving birth to Lin's son and opening up the Fang family.
"Little Jew, you are truly a hero of our Fang family." Sister Ling said with a smile, "Thank you so much."
"Sister Ling, you should thank me. If it weren't for my hard work, how could such a good harvest come from it." Xiang Nan smiled and was immediately hit by Sister Ling.
The birth of Fang Zun brought endless joy to the Fang family.
Not only did Sister Ling, Fang Fang, Fang Ting, Fang Min, etc. come to play with her, Xiang Nan also tried his best to put aside social activities after get off work every day and go home to spend time with her children.
The whole family had a great time.
…
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2199【Evil will be punished】free to read.
