The long-debated reform of the Hong Kong Stock Exchange, which has been delayed for a year and a half, has finally come to fruition.
Regarding equity issues, they can simply be resolved through market means.
The proposal that was finally passed decided to directly list the merged Hong Kong Stock Exchange, raising a total of HK$3 billion, and several securities firms were responsible for the issuance of the primary and secondary markets, including Goldman Sachs, Citibank, HSBC and CITIC
securities.
For the sake of balance, it is stipulated that a single shareholder's direct or indirect shareholding is not allowed to exceed 5% of the total share capital, unless approved by the above, and detailed requirements are also made in terms of quotas, making it difficult for Su Yehao to realize his idea of acquiring a large number of shares.
.
His original goal was to acquire a total of 10% to 15% of the shares of the Hong Kong Stock Exchange, but now he is stuck in the regulations.
However, by the time the merged Hong Kong Stock Exchange completed its joint-stock reform, several original members had already agreed to sell their shares to him at a premium based on the issue price.
After all, the Hong Kong Stock Exchange has always had limited profits, and not everyone is as optimistic about its future prospects as Su Yehao.
Some original shareholders are worried about losing their shares after listing, so they want to earn some premium and settle down.
Su Yehao plans to name these shares purchased at a premium under the names of Nangong Tian and Jiang Yu, so that they can enjoy some value-added and dividend income in the future, thereby bypassing the limit on the amount of shares held.
In terms of the company's articles of association, it is directly stipulated that other shareholders cannot become "secondary controllers" of the Hong Kong Stock Exchange without permission, which means that even if Su Yehao obtains enough shares, he will not be able to obtain the corresponding right to speak.
Su Yehao did not originally intend to dominate the stock market. The purpose of investing in the Hong Kong Stock Exchange is to manage and increase financial value, so the shares he wants to buy can still be purchased. It just lacks a little decision-making power, which is irrelevant.
He had previously promised to assist Vice President Zheng Yongwen in assuming the position.
According to the current situation, it is a bit difficult to make Zheng Yongwen the chairman of the board of directors, but the position of CEO is almost stable, and no one has the strength to compete with him.
To praise Zheng Yongwen.
Su Yehao personally helped contact the China Construction Bank in the Mainland. The other party happened to have the need to come to Hong Kong for financing and listing. The estimated financing scale is more than HK$50 billion, which is the largest financing in the history of the Hong Kong Stock Exchange.
After making some exchanges, that is, opening the loan order and some accounts of the 5S Asset Management Company with CCB, Su Yehao successfully helped Zheng Yongwen get on the line with CCB and let him "agent" for the listing and issuance plan that CCB was preparing.
This way.
Zheng Yongwen needs to be well-known and capable, and he needs to be able to get orders, and he needs to be close to the North and the Hong Kong government, so he will naturally stand out.
Considering that this guy is only in his early 40s, there is a high probability that he will have the opportunity to go further in the future and become the chairman of the board of directors, or directly serve on the Hong Kong Regulatory Commission.
...
After a period of panic slump.
So far, the Nasdaq index has dropped to 3,500 points, down about 30% from its highest point in early March.
It's said to be a big drop, but in fact it does recover occasionally.
Sometimes when a positive line goes up, it rises by more than 4% in a single day, giving back hundreds of millions of dollars in profits all of a sudden. The trading manager is so frightened that he calls Su Yehao all night long. The ups and downs are like a roller coaster.
As the panic was released, Su Yehao was worried about losing the money he had received, so he closed his positions and cashed out one after another, running and watching.
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As of today, April 30, he has completely closed his short position and has switched to investing in more secure products, such as hedge funds and triple-short private equity funds.
Including Zheng Yongwen, who also ran away, in the past month or so, he has used US$800 million in principal to earn US$2.9 billion, which is equivalent to more than 300% of the income. This number is enough to make Su Yehao sleep at night.
Wake up with a smile.
As the Nasdaq fell by 30%, the risk of continuing to short-sell suddenly increased. Although Su Yehao was still bearish on Nasdaq technology stocks in the long term, it was no longer suitable for short-term speculation, so he turned to betting with profits and continued to short six to nine stocks.
month forward options contract.
The afternoon of April 30th.
Nong Qingying suddenly called Su Yehao and said that he wanted to talk to him.
The tone sounded very serious, which made Su Yehao couldn't help but feel guilty in his heart. According to past experience, whenever a girl wants to talk, there is a 90% chance that nothing good will happen.
At around three o'clock in the afternoon, I drove a blue Ferrari sports car to Barker Road on the top of the mountain.
Su Yehao parked his car directly in her yard and started short selling for Nong Qingying in mid-March. The girl also made nearly 40 million US dollars, and she had already paid him the money she owed him before, including the purchase price of this mansion.
Within, it was paid off in one lump sum.
Change your shoes and come to the living room.
When he saw Nong Qingying holding a big bear doll in a daze, he was about to ask what happened.
The next second.
There was a small white stick placed on the coffee table in front of Nong Qingying. The appearance of this thing made Su Yehao feel as if he had been struck by lightning, and his expression instantly became dull.
He stopped and was stunned for a while before he managed to say: "No way...you won the prize?"
Nong Qingying had a grimace on his face, his eyebrows almost furrowed into the character "eight", and replied:
"There are two more sticks in the trash can upstairs, both of which are the same as this one. I also think it's a misunderstanding, but my relatives haven't been here for half a month. I thought it was because of the hot weather and the seasonal change was postponed as before, so I'm not sure.
But I kept retching while brushing my teeth this morning."
Scratching his head, Su Yehao felt that his head was as big as a bucket. He picked up the pregnancy test stick, looked at it, and said, "Have you had morning sickness? Then why didn't you tell me earlier."
"I originally wanted to go to the hospital for testing, but after much thought, I decided to tell you first."
Nong Qingying stared at Su Yehao's hand, with twitching eyes, and whispered: "Well... you took it in the wrong place. I peed in that place."
"..."
Su Yehao immediately put the pregnancy test stick back on the coffee table, "Hey~"
If there is no accident, there should be an accident.
It is impossible to fail the test three times before and after.
And counting the days, last month Nangong and Jiang Yu went to the mainland to inspect the production crew, and indeed they were often together with Nong Qingying, and there were no protective measures.
During those two days, she felt that her relatives had just left and were still safe, so she became careless and accidentally misfired.
now.
Nong Qingying continued to hug the big bear. She lost her past arrogance and asked pitifully: "What should I do now? It's not easy for me to stay in shape. I will gain weight during pregnancy. I won't be able to wear all the clothes in the closet."
."
"...Is this the point?" Su Yehao didn't know whether to laugh or cry. He knocked on her head and added: "What else can we do? Let's go to my grandpa to collect the reward."
"If a child is born, can't he be named Su? I'm not short of money now."
Nong Qingying thought of something, looked at Su Yehao, and added again: "Don't think too much, I don't want to use the child to fight for anything, I just think that if the child's surname is Tang, your grandpa will definitely care about this, and he and I will
I don’t know him, so I’ll have a headache when the time comes.”
Patting her hand, Su Yehao told:
"Let's talk about it after we're sure we're pregnant. My test isn't accurate enough, so let Linda Yun accompany you to my hospital? It doesn't seem convenient for me to accompany you. Everyone knows me."
Giving Su Yehao a roll of his eyes, Nong Qingying said: "I can go alone, otherwise I can go back to Japan and live for a while. I don't know how to tell my parents... Ah Hao, what do you think?
Want a child?"
"How should I put it, it's a bit unexpected, but if I'm really pregnant, it shouldn't be a big deal if I give birth."
Su Yehao took a deep breath and added: "But it may be a little difficult to be like other families. My situation here is special, so you have to think carefully..."