Chapter 669: Hang Seng Bank's IPO

Chapter 669: Hang Seng Bank's IPO

Chapter 669: Hang Seng Bank's IPO

As a top financial group in Hong Kong, when Hong Kong encounters some major disasters, public donations are also necessary. This is already a social consensus, and some medium and large enterprises will also do so appropriately;

On the one hand, it is the demand of the Hong Kong government. After all, the Hong Kong government’s fiscal revenue is limited. On the other hand, it is also the process of building the company’s image. These introductions are generally needed during publicity.

It can also be regarded as a kind of balance in social development;
The Hong Kong government has also begun to raise funds, and TVB has also begun to use celebrities to promote the event, encouraging social fundraising to help the affected people overcome their difficulties. This is also an opportunity for celebrities to show their faces, exchanging their hard work for future results.

Changxing Film Company also publicly announced that it would make a movie and use all the box office proceeds for disaster relief;

Being in the entertainment industry, fame and traffic are even more needed. At times like this, they will naturally work harder to seize opportunities. Although there is suspicion of showmanship, a gentleman judges deeds rather than intentions. As long as it helps the victims, what's wrong with using the opportunity to promote themselves?
But in general, Hong Kong is much better at resisting drought and floods after more than a decade of water conservancy reforms. In addition, wooden huts have basically disappeared, so the damage caused is much smaller than before. It's just that the media is more developed, so it is more likely to attract attention.

Everything is still under control, except for a few deaths, there is really nothing we can do about it. Many injured are also receiving treatment in various hospitals. This is because after the economic development, the whole society has money, so naturally the ability to respond to disasters will be much stronger.

Time quickly came to the beginning of September.

Zheng Zhijie brought Ning Zhiyuan from Kinmen Construction to the boss' office;
"Sit down." Yang Wendong greeted him first, then asked, "Is the renovation of Kangle Building finished?"

Ning Zhiyuan replied: "Yes, it's all finished, but according to the plan, it will take two months for the smell to dissipate. Whether it's decoration materials or various office supplies, they all need to wait. We have also purchased a large number of plants and placed them in some places that are not easy to ventilate."

Although the materials used in the Kangle Building are the best, after all, it is the office of the boss and the future senior executives of Changxing Group, so there will still be strict inspections later;

However, no matter how good the materials are, there will be chemicals such as glue, paint, heavy metals, etc. in them. The amount is just relatively small, but it is not absent, so they naturally need to be aired.

"Okay, pick an auspicious day and we'll hold a big celebration before moving in." Yang Wendong smiled and said, "After all, it's the largest building in Hong Kong now. Even though it doesn't do business with the public, we still have to celebrate."

In Hong Kong, various traditional cultures are still very popular, much stronger than in the mainland. After all, polygamy was abolished only last year, and this is even more true in other aspects.

The opening of movies, TV series, factories, shops, buildings, supermarkets, all require activities, inviting friends from all sides, or commercial ones need to be widely advertised, and even newspapers will be hired to promote them. Anyway, Hong Kong is a small place with so many newspapers, and under normal circumstances, there is nothing to report. Sometimes, a cat trapped in a tree and then rescued can make the news.
Zheng Zhijie smiled and said, "Okay, I have also asked Master Cai Boli to choose a date."

"Cai Boli? I've heard of him too, he's quite famous." Yang Wendong smiled;
Feng Shui masters in Hong Kong are also very popular. At their peak, their income was higher than that of top companies. For example, in the 80s, there were super real estate tycoons who spent millions of dollars a year to hire professional Feng Shui masters. This was not a full-time job, but only a part of their income.

Some wealthy people even seek advice from Feng Shui masters on the location and exterior design of some properties, which can be said to be half an architect.

However, Yang Wendong is not very interested in this and generally does not take the initiative to get involved in these things. But he will not object to normal social needs. There is no need to go against social cognition because of such a small matter. Even if he does not believe it, he just does not say it out loud.

Just like in Europe and the United States, many people actually know that God does not exist, but that does not stop them from saying “Oh, my God” every day.

Zheng Zhijie said: "Yes, I also went to find him on purpose. He is the most famous person in Hong Kong."

"Okay, that's it. Let me know when the date is set." Yang Wendong nodded and said.

"Okay." Zheng Zhijie agreed and said, "Mr. Yang, there is one more thing. The flood and typhoon that broke out last month caused a large number of old houses to close down. Governor MacLehose also took advantage of this opportunity to promote a batch of affordable housing. This project was approved in Tuen Mun."

"Tuen Mun? This location is really remote." Yang Wendong looked at the map of Hong Kong in front of him.

Tuen Mun is located in the eastern part of Hong Kong. Although it is close to the sea, it mainly relies on agriculture and fisheries. There are relatively few residents and the infrastructure is very poor, which is much worse than that of Yuen Long next to it.
Even in the past, the Hong Kong government arranged a large number of housing communities in Tuen Mun, and many people bought houses here because of the housing prices. However, Tuen Mun itself has no economy, and people still have to go to other places to work, which leads to huge traffic pressure.

Zheng Zhijie explained: "The Hong Kong government has limited funds, and many British people are unwilling to spend their money on affordable housing. The resistance is very strong. If the UK had not given enough support to MacLehose, coupled with the multiple disasters this summer, I am afraid it might not have been successful.

The Hong Kong government is also preparing to gradually transfer some basic industries to Tuen Mun and build an industrial zone there. Once the industry is developed, the town can also develop, and perhaps the public housing will be more convenient for living. "

Those who apply for public housing are naturally poor people. For them, work is the most important thing. Once their income is cut off, they may not only have a place to live, but also have nothing to eat.

But the real society is full of contradictions. Wherever there are many jobs, the real estate industry will inevitably be developed. Capital will not allow public housing to be located nearby. Similarly, the Hong Kong government will not be willing to do so because selling land is one of its core sources of income. Giving this kind of land to public housing means less income. Even though MacLehose was the Governor of Hong Kong, he could only choose such a place in order to maintain a balance of interests.

"Okay, it would be great if it succeeds." Yang Wendong didn't ask any more questions, and said, "Then can we get the design and construction rights for this building?"

Ning Zhiyuan replied: "It shouldn't be a problem. I have already communicated with the Hong Kong government. This project has low profits, and basically other construction companies are unwilling to take it over. We are the only one, and with our company's reputation, the Hong Kong government is unlikely to refuse it."

"That's good. Let's arrange the design first. After the design is completed, let me see the drawings." Yang Wendong nodded and said.

"Yes, Mr. Yang." Ning Zhiyuan agreed.

The issue of affordable housing has not attracted much attention in Hong Kong, because the first batch of affordable housing launched by the Hong Kong government only has 1500 units, and the number of units is limited to the disabled, seriously ill families, or poor families who have made special contributions.

These groups themselves cannot afford to buy houses, so it will naturally not affect the real estate market. The government also spoke highly of the Hong Kong government because of this incident, and the name of Governor MacLehose was mentioned many times;
In fact, this was also done deliberately by Yang Wendong. Anyway, the Hong Kong media often has nothing to report, so he took the opportunity to praise the Governor of Hong Kong by taking advantage of the government's good deeds. There was no loss to himself and it could be regarded as returning a favor.

Time quickly came to mid-September, and on that day, Hang Seng Bank was officially listed.

As a major shareholder of Hang Seng Bank, in Yang Wendong's eyes, Hang Seng Bank is more important than the real estate companies in which he invested. Therefore, he did not participate in the previous listings of companies such as Cheung Kong Holdings and Wo Hup Industries, but he came this time.

"Mr. Yang, thank you very much for coming here in person." He Shanheng also laughed. He also knew that Yang Wendong usually did not get involved in such matters.

The reporter next to him also took a photo of Yang Wendong shaking hands with him. Once this photo is published in the news, it will inevitably have a positive impact on the stock price.

Yang Wendong smiled and said, "Since Mr. He personally invited me, I naturally had to come and take a look. And with the performance of Hang Seng Bank, maybe we can break the record today."

Today, Hang Seng Bank is more successful than ever before and has expanded into many overseas countries. Although it has not yet achieved any good results abroad, shareholders do not know this;
Many times, listed companies will not deceive shareholders, because this is illegal, but if some information is not disclosed, it is in a gray area. Moreover, it has just entered the overseas market not long ago, so it is normal that there are no good results.

"Please come in. Mr. Yang, please join us in cutting the ribbon later." He Shanheng continued.

Yang Wendong nodded and agreed: "No problem."

There are still many distinguished guests here today. After all, it is a bank with many partners, and many real estate and industrial tycoons from Hong Kong have come here.

Yang Wendong also chatted with them casually. With the booming real estate and stock markets in Hong Kong, there are now many more wealthy Chinese people.

Soon, the listing of Hang Seng Bank officially began. In the presence of many reporters, several directors of Hang Seng Bank stood behind the red ribbon, while Ho Sin Hang cut the ribbon with scissors.

During this era, the listing process in Hong Kong was simple and the ceremony was small because the on-site space was limited;

After the ribbon-cutting ceremony, Hang Seng Bank's shares were officially circulated on the exchange, with a total of 5.6 million shares, and the starting price was yuan per share. The initial price of Hang Seng Group was already higher than many Chinese real estate groups.

“5.7, buy in.”

“5.8, buy in.”

Many stock traders, following customer demand, kept raising their bids, and Hang Seng Bank's stock naturally followed suit, rising to 7.7 at noon;

Yang Wendong naturally would not stay here for a day, but returned to his office, but he continued to pay attention to Hang Seng stocks;
By the evening, when the working day was over, the Hang Seng stock price had risen to 9.46 yuan per share, with a total market value of nearly billion Hong Kong dollars.

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(End of this chapter)