amaotonovel Chapter 795 New Share Expansion
Chapter 795 New Share Expansion
Chapter 795 New Share Expansion
The popularity of MixC was expected, but the popularity of Hema Supermarket was beyond most people's expectations. After all, one has to pay for a membership before even entering the store. This business model is simply unheard of.
But it just became popular, and it was extremely popular.
If MixC has become a benchmark for leisure shopping for ordinary people in Shenzhen, then Hema Supermarket has led a new shopping trend for middle-income people.
Holding a Hema supermarket membership card has become a symbol of status. After all, although the annual fee of 100 yuan is not a luxury, most ordinary people are reluctant to spend this money. Where can't they go shopping? Vientiane Plaza also has a supermarket, and it doesn't cost money.
Of course, having said that, it does not prevent them from yearning for Hema Supermarket. Humans are such strange creatures. Things that they cannot get are the best.
This has also directly created a "high-end" image of Hema Supermarket in the minds of the public. A Hema Supermarket membership card can often make you, who was originally inconspicuous at work, become the object of pursuit by colleagues.
"Xiao Li, you have a membership card for Hema Supermarket, can you buy something for me? I heard that their croissants are delicious."
"Xiao Li, can you bring me some milk from Hema Supermarket? I heard it's very fresh."
Those manufacturers who did not enter Hema Supermarket before are regretting it very much. It is true that Vientiane Supermarket does have a larger flow of people and higher sales, but Hema Supermarket represents high-end, and the products on the shelves have become high-end in the minds of consumers.
As a result, the threshold of the purchasing department of Hema Supermarket is almost broken down, and there is an endless stream of merchants coming to seek cooperation every day.
At the same time, the popularity of MixC and HEMA Supermarket also caused a surge in nearby land prices. Although there was no concept of business district at that time, it did not prevent merchants with a keen sense of smell from hoarding goods. Moreover, as the flow of people continued to rise, there were more and more small vendors and shops nearby. In just two months, the street where MixC was located became the most prosperous commercial center in Shenzhen.
Qin Hao also made a name for himself in the Guangdong business circle by virtue of his status as a major shareholder of MixC and Hema Supermarket. He received constant invitations, and long queues of people coming to seek cooperation and investment formed in the hotel lobby every day.
At the same time, the Shenzhen stock market continued to perform well, with the first five stocks listed rising more than five times. As the market continued to rise, it became common sense that one could make money by buying stocks, but few people mentioned the potential risks.
According to the information Qin Hao had obtained, Mr. A borrowed another 40 million yuan from private individuals during this period, and the total amount has exceeded 100 million yuan. All of this money was used to buy stocks. In order to borrow enough funds, he even released false news several times to raise the stock price.
Busy days always pass quickly, and in the blink of an eye it was November 1991.
After Qin Hao returned to Shanghai, he called A Bao immediately.
"Hey, Hao, why are you so free today?"
Abao's tone on the other end of the phone was cheerful and he seemed to be in a good mood.
"I just returned to Shanghai. Where are you?"
When A Bao heard Qin Hao's serious tone, he couldn't help but feel nervous: "I'm in Anhui collecting treasury bonds. What's the matter?"
"You should return to Shanghai immediately. I have heard that the Shanghai Stock Exchange will be expanding soon."
"New share expansion? Wait for me, I'll be back soon."
A Bao immediately became nervous when he heard this. He naturally knew the concept of the expansion of new shares. This meant that the original "old eight stocks" were no longer a scarce resource. It also meant that a large amount of funds would flow into the stock market. If the current Shanghai stock market is just a bucket of water, then after the expansion of new shares, it will become a small pool. This is a completely different concept.
That night, Abao rushed back to Shanghai exhausted.
Jinxian Road in Tokyo at night.
When Lingzi saw Abao's state, she asked with concern: "Hey, what happened to you? Were you robbed on the road?"
"It's okay. Please prepare some hot water for me so I can wash my face. I've come all the way back from Anhui." A Bao took off his coat and sat on a chair with a tired look on his face.
Lingzi snorted: "I haven't seen you for ten days or half a month since I went out, and you start ordering people around as soon as you come back. I'm not your maid, so you should understand clearly."
Despite her complaints, Lingzi still went to the kitchen and brought over a basin of hot water.
"Have you eaten? I'll ask the kitchen to cook you two side dishes."
A Bao wiped his face with a hot towel and said, "Prepare a few more dishes. I have an appointment with A Hao. He will probably be here soon."
"Mr. Qin is coming too. Why didn't you tell me earlier? I haven't prepared anything." Lingzi's eyes lit up when she heard that Qin Hao was coming. Qin Hao's influence on Huanghe Road was obvious to all. As long as he ate at a restaurant, the restaurant would be packed. The main reason why Jin Meilin was so successful today was that Qin Hao was a frequent customer there. Being in the same catering business, she naturally wanted to take advantage of Qin Hao's fame.
"It's okay, just stir-fry a few side dishes. Hao is not the picky type."
"No, that won't work. Whether he is picky or not is his business. If this gets out, will I still be able to do business?"
With that, Lingzi took her bag and went out. Half an hour later, she came back with a lot of bags. When Abao saw her, he couldn't help but tease her: "Where did you get so many vegetables?"
"Jin Meilin, I'm almost breaking my arms to serve you two." Lingzi rubbed her wrists, then extended her right hand to Abao: "These dishes are worth 680 yuan in total, pay."
"I didn't bring any cash, I'll give it to you at the end of the month when we settle the bill."
As they were talking, the restaurant door was pushed open and Qin Hao walked in.
A Bao said to Lingzi, "Let's go to the private room upstairs to talk. You keep an eye on it and don't let anyone go up."
"What's so mysterious about this? Don't worry, there are no other guests tonight except you." Lingzi pouted and said unhappily.
In the private room on the second floor, Abao asked nervously as soon as he sat down: "Is the news about the new stock expansion accurate?"
"It should be almost certain." Qin Hao nodded solemnly. According to the timeline of the drama, the Shanghai Stock Exchange would expand in 1992 and issue new share subscription certificates at the same time. A Bao also made his fortune with the new share subscription certificates.
"Ah Hao, I remember you still have 16,000 shares of Yanzhong Industrial. What are your plans?"
"Throw it away."
"Throw away? All of it?"
Qin Hao said solemnly: "With the expansion of new stocks, investors' enthusiasm for the old eight stocks will definitely decline. Moreover, the stock prices of the old eight stocks are artificially high, and new investors will not buy them. To put it bluntly, stocks are a game of passing the parcel. Once the new stocks are expanded, it will be difficult for the stock prices of the old eight stocks to continue to remain high. While not many people know the news, cash out and leave."
"Okay." A Bao absolutely trusted Qin Hao, and he also believed in Qin Hao's source of information.
While eating and chatting, Qin Hao saw that A Bao looked exhausted, so he advised: "Treasury bonds are not profitable now, so it is better to let go as soon as possible and focus on foreign trade and the stock market."
To put it bluntly, the reason why reselling treasury bonds could make huge profits in the past was because of information opacity. Many places didn't even know that treasury bonds could make money. After treasury bonds were allowed to be traded privately in 1988, they were reported on television and in newspapers. However, some towns and rural areas were isolated from the news and didn't know about it. In addition, more people were doing it, so it was actually not that profitable anymore.
A Bao nodded and said, "I am ready to let it go. I have a friend in Anhui who has connections there and can help me collect the money. I will give him 10% of the profit, so we can all make money. I will stop doing it after this year."
"It's better to let it go now."
A Bao was stunned and looked at Qin Hao in confusion.
Qin Hao pondered for a moment and whispered, "I also got a piece of news. This time the Shanghai stock market is expanding. New shares listed are not traded directly, but new share subscription certificates are issued. Only those with subscription certificates are eligible for the lottery, and only those who win the lottery can buy new shares."
"Is the news accurate?" A Bao's heart was shocked when he heard it, and he almost dropped the wine glass in his hand.
“It should be reliable.”
"When will the new share subscription certificate be issued?"
Qin Hao shook his head: "I'm not sure about that, but it should be in the next few months."
A Bao pondered for a long time: "A Hao, do you have any ideas after hearing this information?"
"If the issuance volume of new share subscription certificates is relatively small, it should be an opportunity."
After Qin Hao finished speaking, A Bao's eyes lit up: "What do you mean?"
Just at this moment, Lingzi walked in. Qin Hao winked at Abao, and the latter swallowed back what he was about to say.
"I've almost finished drinking. I'm going to go home first. You should also go to bed early. If you have anything, call me anytime."
Qin Hao couldn't say he disliked Lingzi, but he was still somewhat wary of her.
After Qin Hao left, Lingzi put her hands on her hips and glared at A Bao, asking, "What did you mean just now?"
"What do you mean? Hao had enough to drink, so he went home to rest." Bao avoided Lingzi's gaze, feeling somewhat guilty.
However, Lingzi was not so easily fooled. She grabbed Abao's arm and said, "Don't try to play tricks on me. When I came in just now, you clearly had something to say, but he gave you a look and you stopped talking. Why? To protect yourself from thieves."
"I went to Huanghe Road to buy you food, but you took my kindness for granted."
A Bao helplessly defended himself: "There is nothing left to say. You are mistaken. Who is being kind and taking me for granted? In your eyes, I am just that kind of person."
"Humph, you must be hiding something from me anyway. Well, since you are so wary of me, don't come to my shop anymore. My temple is too small to accommodate two great Bodhisattvas like you."
"Oh, please stop being unreasonable."
"I'm being unreasonable? Well, don't leave. Explain your thoughts to me clearly today."
Abao had already run to the road, hailed a taxi, and drove away, leaving Lingzi so angry that she stomped her feet on the side of the road.
Early the next morning, Abao went to the Peace Hotel and waited for an hour before his uncle came to work.
"What's got you so anxious? Didn't I tell you to stay calm when things happen?"
Without waiting for his uncle to finish his nagging, A Bao told him the news Qin Hao had told him last night.
Seeing that his uncle was frowning and lost in thought, A Bao immediately asked, "Uncle, did you hear any rumors as well?"
"I have heard about the stock market expansion, but it has never been verified. Now that Hao has such news, it seems to be almost certain."
A Bao asked hurriedly: "What should we do now?"
"Go find Commander Cai and ask him to sell all the stocks in the fleet."
"I know that. But should I tell him about the new share subscription certificates?"
The uncle shook his head: "It's best not to spread the news that has not been confirmed. If you spread it correctly, someone will trace the source of the news. Ahao told you because he trusts you. Don't make it difficult for him. If you spread it incorrectly, it will affect other people's judgment, and they will blame you for giving him false information."
"Okay, I know what to do."
Afterwards, A Bao called Commander Cai and asked him to gather the people from the combined fleet.
"Okay, then I'll notify them to gather at Golden Phoenix."
Huanghe Road is not as prosperous at noon as at night, but the business of the restaurants is not bad. Relying on the advantage of being close to Nanjing Road, the proprietresses of the Huanghe Road restaurants are making a lot of money.
Golden Phoenix still appeared at the entrance of the hotel dressed up beautifully.
"Hey, Mr. Bao, you haven't come to my place for a long time. Commander Cai and the others are already waiting for you in the box upstairs."
"Really? You've been out of town recently, and the boss lady is getting prettier and prettier."
Under the guidance of the waiter, Abao came to the private room upstairs.
Commander Cai and Stamp Li had been waiting for a long time, and after a round of greetings.
A Bao announced the news of the new share expansion, but except for Commander Cai and Stamp Li, no one else in the fleet reacted to the news.
These people actually have no financial knowledge and have no research on stocks. The reason they joined the Combined Fleet is to curry favor with others. Commander Cai and Abao also need their funds to manipulate stock prices. Both parties get what they want.
Commander Cai asked seriously, "Is the information accurate?"
"I'm about 60 to 70 percent sure." A Bao didn't say anything definite.
Stamp Li couldn't sit still any longer: "Then we should sell the stocks we have as soon as possible, otherwise when the news of the new stock expansion spreads, the stock price will definitely collapse."
The other members of the fleet also panicked when they heard that the stock price was going to collapse.
A Bao said calmly, "Don't panic, everyone. We have a lot of stocks on hand. If we sell them all like this, it might cause panic in the market, and then no one will be able to escape."
"In this way, we can sell the stocks in batches. This way, we can sell the stocks without affecting our ability to make money."
Stamp Li's eyes lit up: "This is a good idea. We can stabilize the stock price by retreating three points and advancing one point. In less than half a month, we can retreat safely and maybe even make a profit."
"Okay, then let's do as Mr. Bao says. I have no objection."
"I always listen to Mr. Bao."
Commander Cai felt a little aggrieved when he saw that no one in the fleet asked for his opinion and they all stood on Abao's side. After all, he was the one who took the lead in establishing this joint fleet.
"Commander Cai, what do you think?"
"I don't have any objection either."
(End of this chapter)