Hong Kong Island Chronicles: From Electrical Appliances King to Business Legend

Chapter 9: Laying out the "9 Dragons Warehouse" and sending greetings to the Japanese devi

As for listed companies like "Paramount" and "Xiangbin Electric," he really didn't recall them, which shows that they weren't good stocks worth investing in.

Even though these two companies have recently announced a lot of positive news, he still doesn't dare to invest, since he has no information about them whatsoever.

It might be a pig butchering scam.

There were many "pig butchering scams" in Hong Kong during this period.

Those positive news stories circulating outside are often deliberately leaked by market manipulators to lure in retail investors and fatten the market, so that the manipulators behind the scenes can slowly harvest the profits.

This phenomenon often occurs in the stock market.

However, Li Jiagang had a vague impression of "Meihan Real Estate". This real estate company was the development company that Chen Qingsong, the head of the Jia Ning Group, started his business with.

He just wasn't clear on what highlights Meihan Real Estate had at this time.

"Forget it, I don't plan to take risks investing in stocks. These stocks seem to be performing well, but without a strong real business to support them, there is always a risk."

"Can you recommend some foreign trading companies that have low risk and are performing well recently, making them worth investing in?" Li Jiagang didn't want to waste any more time and slowly guided his target closer.

"Stocks in foreign firms?"

"HSBC and the stocks of the four major foreign trading companies are basically stable, and their short-term investment value is not significant."

"Oh...by the way, do you know Mr. Li from Wharf Holdings, a subsidiary of Jardine Matheson?"

Li Jiagang nodded quietly.

"Of course I know. So, is this stock worth investing in?" Li Jiagang asked tentatively.

"Yes, my colleague was talking about Wharf Holdings yesterday. The stock has risen significantly recently. I was planning to look into it more today, but if Mr. Li is interested in investing, you can give it a try."

"Wharf Holdings is also a blue-chip stock and one of the two major subsidiaries of Jardine Matheson Group. Its risks are almost negligible. In addition, Wharf Holdings' share price has been fluctuating recently, so it is indeed worth investing in."

"Alright, let me see the information on Wharf Holdings." At this moment, Li Jiagang felt like laughing to himself.

In order to avoid attracting the attention of his agent, he went around in circles for so long before finally getting to the point.

A few minutes later...

"Hmm! Judging from the trend, Wharf Holdings is indeed worth investing in. Okay, let's go with that."

"Now let's talk about the investment plan."

"Alright, Mr. Li, please go ahead."

When Manager Wang saw that Li Jiagang was determined to invest, he was very happy, since his industry required constantly signing clients to generate high income.

"First: I also need to open a margin account to trade stocks. Can you do that?"

"Mr. Li, are you interested in margin trading stocks?"

"That's right. This investment in Wharf Holdings is just a warm-up for future international futures investments. I need to get familiar with margin trading, right?"

Li Jiagang's words left Manager Wang speechless.

He then nodded and said, "Mr. Li, with your qualifications, it's not impossible for you to use margin trading, but the leverage ratio for margin trading accounts generally won't exceed ten times."

"That depends on your skills."

"I don't like to do things half-heartedly; I want to go all out and do it big. That's what makes it exciting."

"My plan is to invest HK$10 million in principal. I need leverage of 10 times or more. As long as you can secure the leverage I want for me and I have sufficient profits, I can pay you a commission privately."

Upon hearing this, Manager Wang's eyes lit up.

A salesperson who doesn't make the most of the available income is definitely not a good salesperson.

The client agreed to cooperate with him and secretly gave him double the commission, which is what any salesperson wants most.

The same applies to Manager Wang.

Without any hesitation, he nodded in agreement: "Okay, Mr. Li, I agree."

The reason why Agent Wang agreed so readily was that Li Jiagang himself had good enough conditions.

Otherwise, he wouldn't dare to agree so readily.

More than an hour later...

Li Jiagang presented his asset certificates, and Wang, the broker, also reported to the company. Soon, the investment company approved his use of 10 times leverage to enter the market.

Broker Wang immediately opened a margin account for Li Jiagang: "Mr. Li, the account is open. You just need to transfer the principal to activate it."

"Okay, I'll transfer the money now."

"Can you buy the stocks for me this afternoon?"

"Of course, the funds are available anytime."

"That's good. You're a professional at handling things, but I definitely can't buy a full position in the market with this amount of money all at once. And I'm worried that a crazy rush into Wharf Holdings' stocks might cause unnecessary trouble, so I think you should open several accounts and gradually accumulate shares. You understand what I mean?"

"Of course, Mr. Li, don't worry."

"When I applied for leverage for you, I noticed that other sales representatives in the company had a lot of Wharf Holdings shares. I can coordinate to take over all of Wharf Holdings shares. I will try my best to negotiate at the market price."

"Oh, approximately how much stock do you have?"

"I've roughly calculated that it's around 230 million shares. If traded at the current market price of HK$18.66, the total amount would be approximately HK$4370 million."

"Okay, as long as the price is under HK$19, you don't need to ask me. Just buy it all at once."

"Okay, Mr. Li."

After giving instructions to the agent on various issues, Li Jiagang asked Li Junjie to stay behind to coordinate with the agent.

He then left the stock exchange.

After all, investing in Wharf Holdings is not something that can be done overnight; it takes time.

After having lunch and resting for a while, he had just returned to his office in the afternoon when the phone rang repeatedly. Li Jiagang quickly went to answer it.

"Hello, I am Li Jiagang from Legend Company."

Legendary Company is the name changed by Li Jiagang after he took over the company. The new business license is currently being applied for, and the company sign is also being made.

"It's me, young master."

"Junwen, how's things going on your end?"

"Young Master, things are going smoothly on my end. I've found three different machinery factories that can manufacture the three sets of blueprints, but the production time will depend on the price."

"What do you mean? Explain it to me in detail."

"The machine factory's message is that if they want to speed up the production line, they'll have to pay more."

"grass……."

Lijiagang sends warm greetings to the Japanese devils.

"How long does normal production take? How long does it take to speed up production? And how much extra money will it cost?" Li Jiagang asked a series of questions.

"Normal production time may take several months or even more than half a year. If we speed up production, we can guarantee delivery within one month, but it will cost an extra US$3, which is about HK$23."

Li Jiagang once again launched into a frenzied attack on the Japanese devils, and in a very polite manner, he also insulted their entire family.

After he finished his greetings, he sighed.

"Ugh! That damn little darling, that's added half the price of a production line, that's really ruthless."

While he offered his greetings, Li Jiagang certainly didn't want it to take several months or even half a year to bring the production line back, as that would waste too much of his time.

He could only swallow this bitter pill.

Currently, only the Japanese have the best technology in all of Asia. Although Europe and the United States are capable of manufacturing such production lines, the Japanese are indeed superior in both price and technology.

"Alright, let's raise the price and produce it."

"Yes, young master, I'll contact them right away."

"Junwen, wait a minute, you guys need to be careful about your personal safety over there. Contact me immediately if anything happens."

"Yes, young master."

After hanging up the phone, Li Jiagang called out, "Secretary Wang, call Manager Gao over."

"Yes, Chairman."

A short while later, Gao Fuhai arrived at his office.

"Knock knock knock!!!"

"Come in."

"Chairman, you wanted to see me?"

"Yes, please sit down."

After Gao Fuhai sat down, Li Jiagang slowly said, "I've ordered five new production lines from R country. Go to the factory later and discuss with Factory Director Zhou where to place them."

"Five of them? That'll take up an entire workshop. It's not easy to arrange."

"If there's not enough space, we'll close the subcontracting workshop, and the company will no longer accept subcontracting business," Li Jiagang instructed.

After that, he not only planned to withdraw from OEM manufacturing, but also from the radio production workshop. He would gradually complete the company's reform, withdrawing the radio business and replacing it with washing machines, televisions, and the Walkman product launched by Sony in mid-79.

The Walkman will be the main product line of his company for the next few years.

The Walkman was definitely a globally popular product in the 80s, and it could even be said to have led a trend of its time.

In short, the release of the Walkman in 79 immediately triggered a global buying frenzy.

It can be considered a reform of musical instruments in an era.