Chapter 9
October 16, 8 am.
The father and son of the Wang family appeared at the Hong Kong Stock Exchange, and Wang Lei was no exception.
Today is the day when Peninsula Technology is listed.
Standing in front of the gongs and drums, Wang Xiaotian and Wang Xiaosheng barely smiled at the reporters.
Wang Zhengyi was free and easy, and responded to the reporters' questions neither humble nor arrogant.
The questions of this group of reporters were extremely tricky, and they made a fuss about Peninsula Technology's hasty listing.
Because of Wang Lei's reminder, Peninsula Technology's pre-listing publicity was only half completed, and the issue price did not meet market expectations.
The original target of raising 3 billion Hong Kong dollars was only completed by 2/3.
This is also the reason why the two brothers are not happy.
The two of them looked at the third brother in the audience with complaining eyes.
If it weren't for Wang Lei's repeated urging, Peninsula Technology could have raised more cash flow.
They disdained their younger brother's crisis theory.
The Hong Kong economy is running in an orderly manner.
Because of the listing of Peninsula Technology's new shares, there was a long queue outside the Hong Kong Stock Exchange, and crazy stockholders crowded the trading hall tightly, which shows how hot it was.
There was no sign of collapse at all.
"Young man, tell your people not to block the road."
Wang Lei turned around and saw that it was still an old acquaintance.
"Uncle Qi, you are also going to the big room."
"Oh, it's A Lei, long time no see, my Nana always talks about you, when are you going to my house to propose marriage."
Speaking of Nana, Wang Lei had a headache, and a shriveled girl appeared in his mind.
The two families used to be neighbors, but Wang Zhengyi moved away from Kowloon soon after he became rich.
Qi Dayou is a wealthy man with a small fortune, but he can only be regarded as a small rich man.
He looked at the third young master of the Wang family with burning eyes. Those who have studied abroad are different.
Compared with his two brothers, he is much better.
"Uncle Qi, are you also going for Peninsula Technology?"
"Yes, now everyone knows that the market value of your Peninsula Technology is seriously underestimated. Everyone wants to buy some, but I don't know if they can get it."
There are many people who have this idea, and they all want to buy a lot of Peninsula Technology when the stock price is low.
Wang Lei still misses the old times. He knows how terrible the impact of the stock market crash is on Hong Kong stocks. Peninsula Technology naturally cannot stay out of it, and a big drop is certain.
It took Hong Kong stocks 5 years to recover until 1992, ushering in a 10-year bull market.
So he advised:
"Uncle Qi, I advise you not to buy stocks. It is more practical to put money in the bank and earn interest than to buy stocks."
Because of his own interests, he didn't say too much.
However, he was misunderstood by Qi Dayou, who frowned and retorted:
"Wang Lei, your Wang family is now prosperous, and my Nana is not worthy of you, but you can't stop me, Qi, from making money. The Stock Exchange is not opened by your family. I not only want to buy, but also buy a large amount!"
"Hmph! Let's wait and see."
The humiliated Uncle Qi said harsh words and left without looking back.
Wang Lei was confused for a while. Did he do bad things with good intentions?
Alas, Uncle Qi's pathetic self-esteem was at work.
The two families were not very different, and Wang Zhengyi rose very quickly. Now the social status of the two is not a little different.
He came to the big room, where a group of traders in red vests were busy and conscientious.
Wang Zhengyi did not forget his contribution and gave him 8 million shares of circulating shares.
Knowing that the stock market would plummet, he certainly would not keep it for the New Year, and planned to sell it all today.
A gong sounded, announcing the official listing of Peninsula Technology.
Just a few hours later, the share price of Peninsula Technology soared by 40%, and the share price rose to HK$42 per share.
There is no limit on the rise and fall of Hong Kong stocks, and the rise depends on one's ability.
By the end of the morning market, the share price of Peninsula Technology had risen to HK$49 per share.
The stock price is much crazier than expected.
The two brothers Xiaosheng and Xiaotian watched the stock price soar, and they were heartbroken.
They complained and told Wang Zhengyi:
"Dad, if we had gone public a few days later, we could have raised at least another 1 billion Hong Kong dollars. If it weren't for Alei, all this money would have belonged to us. Now it's all gone to the contractors."
"Shut up!
It was my decision to go public earlier. If a stock market crash really happened, we would have lost more. Now we're making money."
These were words Wang Zhengyi used to comfort himself.
He stared at his youngest son who was directing traders to sell stocks with burning eyes:
"I hope Alei's prediction is right this time."
The traders in red vests were puzzled by Wang Lei's order. Peninsula Technology was rising sharply.
The boss actually asked them to sell all 8 million shares.Sell them off.
"Don't stop, you must sell them all before the market closes today."
After selling several million shares, Peninsula Technology suddenly turned red, but soon they were all bought up by individual shares and large institutions.
Peninsula Technology turned blue again.
Finally, before the market closed, 8 million shares were sold out one after another.
Wang Lei's account instantly had 500 million Hong Kong dollars more.
Qi Dayou's excited voice came from the big room next to him:
"2 million shares! I grabbed 2 million shares."
There were sparse congratulations from the surrounding area.
Hearing this, Wang Lei shook his head. Qi Dayou was really courting death.
With his strength, he could only take 350,000 shares at most. To take 2 million shares, he must have used 5 times leverage.
If Peninsula Technology fell 8.3%, Qi Dayou would be liquidated.
But if a stock market crash broke out, concentrated selling orders would occur, and it would be impossible to close the positions in time!
It is possible that he will lose all his money and even owe money to the securities dealer.
Thinking of this, Wang Lei shook his head. It seems that Uncle Qi will soon face a disaster.
Poor Qi Xiaona, the girl who called him brother.
Wang Zhengyi also heard the voice beside him and walked to Wang Lei's side calmly.
"Alei, will the Hang Seng Index really fall sharply?"
At this moment, the rich man in Hong Kong was also uneasy.
He sold the stocks he had held for many years and forced Peninsula Technology to go public.
If the prediction is wrong, his loss will not be a little bit.
"Of course, Dad, pay more attention to the news in New York in a few days."
