The Birth of Shanghai's First Conglomerate

Chapter 260 Raising Money

Mid-May.

Seven days after the meeting at the Tencent Group headquarters.

The entrance to the Shanghai Stock Exchange was packed with people. Although you can trade stocks with your phone these days, this kind of traditional stock exchange is still a popular place to shop.

It was still bustling with people coming and going.

After shaking off the controversy surrounding its speech, Tengying Group's stock price continued to fall for two months.

Finally, a significant surge has occurred.

The Tencent-related stocks, which have consistently maintained excellent operating conditions, are finally seeing the light at the end of the tunnel.

What's puzzling is that some major investors have already been accumulating shares of Tencent Pictures through thousands of accounts.

There are very few individual shares still circulating in the market now.

And that legendary wealthy man was none other than Chen Pingsheng.

He had the group open thousands of accounts in advance and also poured in 5 billion yuan.

In a very favorable situation.

Tencent Entertainment, Boiling Sheep, and Bobo Milk Tea, which had been falling for two months, have hit their daily limit for several days in a row.

After he personally set up a Dream Realization Fund within the group with 1 billion yuan, he only had about 500 million yuan left.

He also needs to raise 20 billion yuan in the next month to invest in new energy, so the pressure is considerable.

"Uncle Chen, we've already repurchased 42 billion of our 5 billion yuan fund. Should we continue with the repurchases?"

Zhang Wanyi, the secretary with large breasts, is quite competent.

Whether it's writing meeting minutes or trading stocks, they can execute it perfectly.

That's pretty good.

Chen Pingsheng said, "Keep buying back shares, don't stop."

He sent another message to Tong Zhelan, saying that he still had 13% of the original shares of Bobo Milk Tea.

The plan is to sell 7% of the total market value of 60 billion.

That means he cashed out 4.2 million.

4.2 million is nothing to him; the key is that this money can trigger the random multiplication of the golden finger.

Originally, I planned to cash out back in April, but unfortunately, the stock price of Bobo Milk Tea plummeted at that time.

It is impossible to cash out completely.

Now that Tencent's reputation has improved again, it's the perfect time to cash out.

Retaining 5% of the original shares and absolute control is enough.

Cash out or cash out.

It's because he simply didn't want to take out a bank loan.

This cash-out did not circulate on the stock market at all, but was transferred to another large capital firm.

Chen Pingsheng and the other party completed the signing at the headquarters of Tencent Film in Shanghai.

It's just a small deal worth 4.2 million; it's not worth making a big fuss about at all.

"Ding! Congratulations, host! You have earned 4.2 billion today. Would you like to activate random multiplication?"

"Turn on."

A golden die swayed and swayed, finally settling on the fourth one.

Here comes another 16.8 billion.

Adding his original 500 million to his total of 21.8 billion, he then sought out large capital to take over 10% of the shares of Boiling Sheep.

He also personally owns 15% of the shares in Boiling Sheep, and after cashing out, he will only have 5% left.

It's similar to bubble tea.

To maximize profits, it is necessary to use original shares to cash out.

It's simply unrealistic to expect to get that much money from profits alone.

Boiling Sheep's business is doing very well, easily making 500 million yuan in profit a year.

This is already considered quite good in the traditional catering industry.

He's only selling it for a market value of six billion, and plenty of people are willing to take it over.

It's mainly because it's profitable.

"Ding! Congratulations, host! Your accumulated income for today is 600 million. Would you like to activate random multiplication?"

"Turn on."

The familiar golden dice shook again, spinning and spinning until they finally landed on the number five.

And here comes the 3 billion.

That adds up to about 52 billion.

The next two directions for cashing out mainly focus on two aspects.

One is the 5 billion he used to speculate in stocks; it would be best to keep this money for a year.

For example, Tencent Entertainment's stock price, even after rising for a period of time, is only around 20 billion.

If Wolf Warrior 2, which he previously invested in, is released in the next year, the stock price will easily return to over 40 billion. It's even very possible that it will reach 60 billion.

Tencent Entertainment is definitely worth the money.

He has already spent as much as 3 billion yuan just on repurchasing Tencent Entertainment shares.

After a year, this money can be cashed out for at least 80 to 10 billion.

There's absolutely no need to touch it now.

Once the stock prices of Bobo Milk Tea and Boiling Sheep have risen to a certain level, it might be a good time to gradually sell them.

Regardless of the circumstances, pursuing new energy is a strategic goal that can only be achieved, not failed.

It's still quite necessary to cash out these two stocks as soon as possible.

Although we may earn a little less, it will also ensure sufficient funding for the new energy sector.

Aside from that, the most important thing left is the IPO of Teng Hui Department Store.

Thirty-two large-scale stores in top-tier cities, all with self-owned storefronts.

They also leased it to them at an extremely low price, and the annual profit remained between 500 million and 800 million.

They have plenty of capital and are preparing to expand into second-tier cities.

They also partnered with Xin Teng Live, currently ranked number one in the short video e-commerce sector, to jointly establish the Xin Teng Youxuan online e-commerce platform.

This looks like a super high-quality company with unlimited potential.

As it turns out, the idea of moving Teng Hui Department Store to Hong Kong for listing was a very correct one.

Putting everything else aside, people in Hong Kong still have a very positive outlook on the business of traditional hypermarkets.

Especially since the storefront is self-owned, it better suits the tastes of the large conglomerates there.

Let me put it this way: when the market is good, you can't really see the advantages of owning your own storefront.

If the market takes a sharp downturn, having your own storefront guarantees you'll be 100% able to withstand the risks.

Those high rents will kill off at least 90% of the competitors.

This is the difference.

This concerns the absolute stability of a large retail store.

Furthermore, Teng Hui Department Store has always had a very sound management system.

In terms of customer reputation, it can be said to be second only to Pang Donglai.

Whether it can surpass its former glory in the future is unknown, but for now, it's enough to justify a valuation of eight billion.

Chen Pingsheng and Tong Zhelan went to Hong Kong and talked for a week before finally agreeing on a valuation of 8 billion. The four major consortia jointly invested 48 billion to acquire 60% of Teng Hui Department Store.

Later, the four major conglomerates will join forces to help Teng Hui Department Store get listed on the Hong Kong stock market.

The fastest way is still through a backdoor listing.

They no longer need to concern themselves with the specific operational methods.

Just take this money home and wait for news.

Chen Pingsheng also owns 60% of Tenghui Department Store. This cash-out will dilute his 60% stake to 36%.

Of course, the gains from the share dilution were also enormous.

"Ding, congratulations host, today's cumulative income is 12.8 billion. Would you like to activate random multiplication?"

Fortunately, he had already transferred all the storefronts of Tenghui Department Store to Tengchao Commercial Management.

Otherwise, such a small amount of money is simply not enough to cover the investment costs.

In addition, when he sold 40% of his shares to Tong Zhelan and others, he had already cashed out 16 billion yuan.

Now, the "Golden Finger Grandpa" has forcibly reduced the randomly multiplied money by 16 billion, roughly calculating the total investment of Tenghui Department Store to 3.2 billion.

That's really quite intelligent.

"Turn on."

This is crucial. Chen Pingsheng kept shouting in his heart, "Hurry up and get a six!"

If this happens, then he'll have almost used up all the money he invested in new energy.

Six didn't appear, but a five appeared instead.

"Congratulations, host, you have received a five-fold random boost."

One second, two seconds, three minutes passed, and 64 billion yuan arrived in the account.

This is really too exciting.

Before he knew it, he owned five listed companies.

Two are listed in Hong Kong, two in mainland China, and one in the US.

A master, now lonely again.

Stand tall and be the next big shot to take off on a hot trend.