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Without enough staff, Jardine Securities is already struggling.

Coupled with the strong impact from Galaxy Securities, the company's business has been made even worse.

Funds controlled by the company were run one after another, and the once prosperous Jardine Securities fell into a precarious situation just two days after the establishment of Galaxy Securities.

And this is far from the end of Jardine Securities' difficulties.

While Galaxy Securities continued to "suck blood", other major securities investment companies in Hong Kong also smelled the blood and joined the brutal competition.

Huifeng Huoduoli Company, Baoyuan Investment Company, Sun Hung Kai Securities Company and other companies that enjoy a high reputation in the Hong Kong securities market also began to squeeze and plunder Jardine Securities Company.

Especially for Wal-Mart, as an industry giant that can almost compete with Jardine Matheson Securities, it would not miss the opportunity to become the industry leader.

Relying on its strong financial strength and extensive market influence, it launched a fierce attack on Jardine Securities.

Not only did they poach a large number of Jardine Securities' clients, they also maliciously spread rumors to damage the reputation of Jardine Securities.

Led by Waldron, other investment companies followed suit, and Jardine Securities was caught in a situation where it was besieged on all sides.

In just a few days, Jardine Securities' business was almost completely divided up by its major peers in Hong Kong.

Among them, the one that benefited the most was naturally Galaxy Securities. Relying on the "defection" of old employees, it brought many businesses that originally belonged to Jardine Securities to the new company and absorbed most of the resources of Jardine Securities.

Not wanting to lag behind, after absorbing some of the resources of Jardine Matheson Securities, its market value soared, and it became the new leader of Hong Kong's securities investment industry.

Baoyuan Investment Company, Sun Hung Kai Securities Company and others have also gained weight.

In just less than a month, Hong Kong's securities investment industry has undergone earth-shaking changes.

On January 1, Jardine Matheson held another press conference.

At the reception, Simon Keswick reluctantly announced that Jardine Matheson Securities had officially gone bankrupt!

An era has come to a sad end.

Although Jardine Matheson was rich, Jardine Securities was just one of their subsidiaries and they only held 40% of the shares. Naturally, they were unwilling to bear more losses caused by Jardine Securities.

Therefore, at this time, declaring bankruptcy is obviously the most appropriate choice.

The bankruptcy of Jardine Matheson Securities was like a huge rock thrown into a calm lake, causing ripples.

Once upon a time, it was the shining pearl of Hong Kong's securities investment industry and a trusted choice in the hearts of countless investors.

But now, it can only become a part of the past in the pages of history.

Simon Keswick's helpless announcement at the press conference seemed like a silent accusation against the changes of the times.

His eyes revealed deep regret and reluctance, but the reality was so cruel that there was no room for any retention.

After the news broke, the whole of Hong Kong was immersed in shock.

The citizens of Hong Kong were discussing the rise and fall of Jardine Matheson Securities and lamenting the ruthlessness and unpredictability of the market.

Those investors who had gone through thick and thin with Jardine Securities were heartbroken and found it difficult to accept this cruel fact.

However, the laws of the market are so cruel.

In the fierce competition, only the fittest survive.

Although the bankruptcy of Jardine Matheson Securities is regrettable, it has also brought new opportunities and challenges to Hong Kong's securities investment industry.

Those companies that survive will pay more attention to risk control and business innovation to cope with future market changes.

The bankruptcy of Jardine Matheson Securities also became a turning point in the development of Hong Kong's securities investment industry.

Among them, Lin Haoran's name was frequently mentioned.

Because of the feud with Lin Haoran, Jardine Matheson suffered severe revenge.

As a result, not only was it forced to pay HK$15 million in compensation to the government, but its important subsidiary, Jardine Matheson Securities, a giant company that once had a market value of more than HK$ billion, went bankrupt.

It has become a common consensus in Hong Kong's business community that Lin Haoran should not be provoked.

When Lin Haoran learned that Jardine Matheson had officially announced the bankruptcy of Jardine Securities, he was in the president's office in the office building of Hong Kong Electric Group.

Even Lin Haoran was surprised that Jardine Matheson had given up on Jardine Securities.

When he suddenly decided to poach talents from Jardine Matheson Securities, he did not expect that Jardine Matheson Securities would eventually go bankrupt.

In his view, Jardine Matheson Securities suffered nothing more than heavy losses.

However, whether Jardine Securities goes bankrupt or not has little direct impact on him.

After all, he had already gained the most benefits from Jardine Securities.

Whether it is the talents trained for him by Jardine Securities or the business brought from Jardine Securities, he has the most.

These benefits are worth at least 500 million or 600 million Hong Kong dollars, or even 700 million or 800 million Hong Kong dollars or even more! The price he paid was just a penalty of more than 30 million Hong Kong dollars for the core employees and an increase in their wages.

With so much money saved, the little increase in salary really doesn’t mean much.

Chen Shoulin, who was sitting opposite him, had just returned from outside.

"Boss, I just came from the Finance Department office. Last year's year-end report has come out. The data from China Gas Company have not been merged because they operate independently. This data report is all the separate financial status data of the Hong Kong Electric Group. Please take a look." Chen Shoulin sat opposite Lin Haoran and handed a year-end report to Lin Haoran.

Lin Haoran nodded, took the report and read it carefully.

The Hong Kong Electric Group currently not only controls all the businesses of the original Hong Kong Electric Company, but is also a major shareholder of China Gas Company.

In addition, the business has grown extremely rapidly in the past two years, and now it has broken through Hong Kong and entered the Nanyang market.

Therefore, the strength of the Hong Kong Electric Group today is more than twice as strong as when Lin Haoran acquired it two years ago.

For example, the current market value of Hong Kong Electric Group has reached a terrifying HK$62 billion, which is at least four times higher than two years ago.

Lin Haoran looked at the data on the report carefully.

The entire report consists of current assets, fixed assets, intangible assets, etc.

He skipped over a lot of data and finally looked at the total assets and profits.

Last year, the electricity sales business alone made a profit of HK$4.21 million; the subsidiary Fortress Electrical Appliances Co., Ltd. made a profit of HK$1.56 million from the sale of electrical appliances; the real estate business made a profit of HK$8.59 million; other businesses such as financial business, announcement business, technical services, etc. also made a profit of HK$2.96 million.

All of these are excluding costs.

In other words, the profit for the whole of last year was as high as HK$17.32 billion.

Among them, real estate has become the most profitable business.

In the past, the most profitable business of Hong Kong Electric Group was electricity sales.

The reason why the real estate industry made so much money last year was mainly because after Lin Haoran acquired the Hong Kong Electric Group, the Hong Kong Electric Group used all the money to hoard land.

At the end of last year, when Lin Haoran asked Wan Qing Group, Hong Kong Land Development and others to sell off real estate projects and land, Hong Kong Electric Group also followed suit.

This is also the biggest reason why Hong Kong Electric Group makes so much money.

Having made so much money, the market value of Hong Kong Electric Group is HK$62 billion, which is not excessive.

Of course, Lin Haoran also knew that he was only lucky in the real estate sector last year.

This year, don’t even think about having such data.

He also noted that the overseas business is currently in the investment stage, so don't think about profits for now.

In addition, although the Hong Kong Electric Group had high profits last year, it now has only about HK$6 million in available funds.

The reason is that the loan interest rates in Hong Kong are high now, and most of the cash flow of the Hong Kong Electric Group is managed by Huize Financial Company, of which more than HK$11 billion has been loaned out now.

"Boss, do you think we need dividends? If we need dividends, in addition to withdrawing 1 million Hong Kong dollars as reserve funds, we expect to mobilize 5 million Hong Kong dollars of it to distribute dividends to shareholders." Chen Shoulin asked when Lin Haoran put down the financial statements.

With 5 million Hong Kong dollars, he held 49.9% of the shares, which meant he could only get more than million, which was quite boring.

Lin Haoran shook his head and said, "Forget it, no dividends for now. Let me know when more funds come back from Huize Financial Company. Also, don't use these funds for lending."

Lin Haoran really doesn't care about the dozen points of interest on the loan.

"Okay, boss, I got it!" Chen Shoulin nodded.

"Hasn't the financial statement of China Gas Company been released yet?" Lin Haoran continued to ask.

Lin Haoran did not have much hope for China Gas Company, but he also wanted to know how much money this company he acquired made last year.

"It's out. I'll have them fax a copy over right away." After Chen Shoulin said this, he started making a call using the fax machine.

Not long after, an annual financial report was once again handed to Lin Haoran.

Profit was HK$8.62 million and available funds were HK$4.38 million.

The remaining funds are mainly used for investment.

This data is already pretty good. To earn so much profit in a year, it would rank among the top ten in Hong Kong.

Even giants like Bank of Communications and Jardine Matheson, although large in size, do not necessarily have huge profits, and it is normal for them to even make losses sometimes.

But Lin Haoran still sighed. This amount of money, even if used as dividends, would be boring.

The shareholding structure of China Gas Company is a bit complicated. When it was acquired, Lam Ho-yan made Hong Kong Electric Group its major shareholder, with a 20% stake;
Wanan Real Estate Company, on the other hand, owns 12.3% of the shares;
Huanyu Investment Company owns 17.6% of the shares. In total, Lin Haoran controls 49.9% of the shares.

Therefore, even if all available funds were used for dividends, Lin Haoran would not have much left. (End of this chapter)