Rebirth 1983: Building My Business Empire

Chapter 497 - 497 485 Setting a Historical Record

?Chapter 497: Chapter 485: Setting a Historical Record Chapter 497: Chapter 485: Setting a Historical Record October 26th, Monday.

The Hong Kong stock market had been closed for four days, and it started falling as soon as it opened at ten. Just like in America, after the big drop on the 19th, the government implemented a series of measures, which resulted in the market initially falling on the 20th but then starting to rise. By the end of the day, the stock index had been pulled up by 102 points, and on the 21st, it rose another 186 points compared to the 20th. However, Hong Kong stocks plummeted without ease, dropping a full 1120 points by the afternoon close to 2241 points, a decline of 33.33%, marking the largest single-day drop in history for the Hong Kong stock market.

After the stock market closed, Nie Zhan called several leaders of the investment department to a meeting. Before the stock market crash, Wansheng Real Estate’s shares were at 18 Hong Kong Dollars per share, but now they were down to 13 Hong Kong Dollars per share, a drop of more than 27.7%. Among all the stocks, this was still considered a relatively good performance.

It was also before the crash that 23% of the debt was repaid, and then funds were raised by issuing new stock, so investors still had confidence in Wansheng Real Estate.

Nie Zhan’s main focus for this meeting was about stockpiling land; his target was three billion. He wanted to act swiftly while others were still reeling from the stock market crash and had not reacted yet.

Manager Xiong from the investment department heard him say he wanted to stockpile three billion in land and said, “Boss, we only have a little over 1.2 billion in our accounts, and we can at most take out one billion to buy land. As for the remaining two billion…”

Nie Zhan said, “Wansheng Real Estate will take out one billion for stockpiling land, and Xinxin Real Estate will bring in two billion for stockpiling land. Later on, the two companies will collaborate to develop properties together.”

Manager Xiong was naturally aware of Xinxin Real Estate, the future madam’s company. As Xinxin Real Estate was a private company and not listed, this meant the future madam would bring out two billion for stockpiling land. That was two billion, not two hundred million; at this moment, he even doubted whether he was suffering auditory hallucinations.

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