Reborn Capital Tycoon - Chapter 244

  Chapter 244 five billion in debt

  Chen Yi didn’t move the money in Dafeng Toy Factory’s account, in order to save it for emergencies.

  Don’t say it’s not necessary, this is very important.

  Because Chen Yi found that the faster his business expands, the faster he spends money. Sometimes he thinks about it, but now when he thinks about the opportunity to make money, he can’t control himself.

  So, in this situation, Chen Yi felt that it was necessary to keep a hand. Anyway, the money was in the company’s account, so he wouldn’t run away.

  Even if you grow legs, you will still have your elder brother watching.

  With Chen Tian’s honest character, even if he was killed, he would not miss his brother’s money.

  Toys is currently the most profitable business under Chen Yi, with low cost and high profit. As long as there is no accident, Dafeng Toy Factory will be able to squeeze into the ranks of toy giants with Rubik’s Cube toys, and there will be no problem at all.

  The ranks of giants here do not refer to Xiangjiang, but the ranks of world toy giants around the world. Now Dafeng Toy Factory is already a giant in Xiangjiang’s toy industry, and its annual income accounts for half of Xiangjiang’s toy industry.

  After the expansion, the monthly net profit of Dafeng Toy Factory has exceeded 100 million Hong Kong dollars, and the annual profit is at least more than one billion Hong Kong dollars.

Of course, the reason why Dafeng Toy Factory can have such a high profit is mainly brought by Rubik’s Cube toys. According to the order demand in overseas markets, this profit can last for two or three years. When the Rubik’s Cube toy market is almost saturated, the sales will drop After that, this profit will gradually decline.

  However, after two or three years, the reputation of Dafeng Toys Factory has almost spread out at that time. Now Dafeng Toys Factory has begun to increase other toy products. Even if the sales of Rubik’s Cube toys drop in the future, the company will not be affected too much.

So far, Dafeng Toys Factory is not only the most profitable company under him, but also the company with the highest value. Although the outside world’s valuation of Dafeng Toys Factory is only about one billion, but if it really wants to go public, the market value of Dafeng Toys Factory will double. Times shouldn’t be a problem.

   It’s just that the current environment is not suitable for the company to go public. Besides, with the income of Dafeng Toy Factory, going public is worse than not going public.

   More than one billion Hong Kong dollars in net income goes into the pocket every year, isn’t it delicious? Why do you want to go public and share money with others? Chen Yi is not that stupid, he will not take a profitable company to the public market and let others take advantage of it for nothing.

  As for what a loss is a blessing, this is what age, the old ways have long been outdated, and only those who know how to calculate can be successful and live comfortably these days.

  If you only know how to suffer, then congratulations, the society will teach you what is reality and what is suffering. After that, all you have left is loss, no blessing…

  …

In the following week, Chen Yi sold the stocks of Hong Kong Electric, Kowloon Bus, Asia Telecom, Dafeng Toys Factory, Xinji Garment Factory, Global Daily and all companies that had previously bought bottoms in the stock market, as well as the recently acquired International Building and Federation The two properties of the building are all mortgaged to the five banks of Standard Chartered, Mitsubishi, Citigroup, East Asia and Hang Seng.

  Six companies plus stocks and two building properties that were not mortgaged to HSBC, Chen Yi borrowed a huge loan of three billion Hong Kong dollars from five banks this time.

  If you add the loan he owed to HSBC before, Chen Yi is now in debt as high as 5 billion Hong Kong dollars, and he has properly entered the ranks of Hong Kong’s top tycoons, becoming one of the most indebted tycoons in Hong Kong.

   As for whether he is the most indebted person in Xiangjiang now, Chen Yi can tell everyone very responsibly that he is not, and his debt may not even be ranked in the top ten.

As for why he dares to be so sure, of course there is a reason for this. In Xiangjiang in the 1970s, real estate developers were not considered bigwigs, only ship kings, yes, ship kings, those big men who were crowned ship kings Dude, they are the big bosses of this era, the top figures of this era.

Don’t think that there are only four big ship kings in Xiangjiang, those four are just the most representative figures among all ship kings. There is no one who does not play with the boat.

   This is the same as the group of rich people on the Xiangjiang rich list who did not play real estate.

  However, it is different from the group of real estate developers later.

The ship magnates of this era are more daring and courageous. They are the same as the first group of real estate tycoons after the inland reform and opening up. How prolific. ‘

  The same is true for the ship tycoons of this era. How bold they are, their ships will be as productive. You must know that a ship is said to be worth a building these years.

  In the 1960s and 1970s, shipping was a lucrative industry.

As long as the bank is willing to let go, the ship tycoons dare to gamble all their worth on loans to buy ships. In this way, whoever owns more ships will have higher debts. billions in debt.

  This can be based on the data released after the bankruptcy of the ship kings in the 1980s.

  Compared with those ship tycoons, he is still too tender.

  Three billion in loans, plus the money he earned from the gold market, now he has a total of five billion Hong Kong dollars in cash, which is just about the same as his debts.

  Although the pressure is a bit high, it is also very exciting. With so much money, if the layout is good, Chen Yi, the richest man in Xiangjiang and the richest Chinese in the future, will be at his fingertips.

   At this moment, in Boss Chen’s office.

  Hong Shihui and the others were flipping through a document in their hands.

“Next, your task is to buy 20% of the stocks of HSBC, Standard Chartered Bank, Hang Seng Bank and Bank of East Asia within a week. Remember that each bank buys 20% shares.”

Hong Shihui raised his head and asked, “Boss, does this need to include the stocks we have acquired before? We have acquired 5% of HSBC, 4% of Hang Seng Bank and 10% of Standard Chartered Bank last year.” shares.”

  Chen Yi nodded and said: “It can be counted last year, and each company only needs to buy 20% of it. If Standard Chartered can buy more points, it will buy more. If you can’t, forget it.”

At this time, the market value of Standard Chartered Bank was about the same as that of HSBC Bank, and it was slightly lower, but the lower limit was limited. The reason why Standard Chartered Bank was not as famous as HSBC Bank in later generations was that Standard Chartered Bank hit a nail in the overseas market, and even almost It was acquired by a powerful bank, so that it gradually fell behind HSBC.

   For Standard Chartered Bank, which also has the right to issue banknotes in Hong Kong dollars, Chen Yi is greedy. If there is a chance to win Standard Chartered Bank, he will naturally not miss the opportunity.

  ——

  (end of this chapter)