Chapter 441: Office Building Finalized
On the evening of April 16, 2018, at the urging of the person who works on Tiantiantui, the relevant departments on the other side of the strait issued relevant instructions.
The first victim is Sino-Singapore Communications, which has had a rather strange performance recently. In the next seven years, Sino-Singapore Communications will be prohibited from purchasing parts, ports, software and technology from the other side of the strait.
Due to the time difference, the A-share trading on April 16 had already closed.
The performance of Sino-Singapore Communications on that day was actually quite good. With a total turnover of 1.167 billion yuan throughout the day, Sino-Singapore Communications bucked the market trend with a rise of 0.35%, pushing the share price up to 31.45 yuan.
This was the first time such a ban appeared, and not only were investors confused, but even the management of China News Service did not know how to respond for a while.
After fermenting overnight, the speed of news spreading became even faster. During the morning workday, people, whether they were stock traders or not, were discussing China News Service.
When it comes to technology companies, ordinary people may know more about Ju Factory, but SinoTelecom is also very strong, it’s just that state-owned enterprises are more low-key.
No matter what his attitude is in this dispute, his strength is unquestionable .
It is already April 17th, and everyone who needs to know has already known it. As retail shareholders of Sino-Singapore Communications who are at the center of the vortex, especially those who bought yesterday, they are extremely panicked.
But there is nothing we can do because China News Service has been suspended from trading.
As the first victim, China News Service, which was unable to find a way to deal with the situation immediately, could only make an emergency announcement that the company's A and H shares would be suspended for one day on April 17 before a better solution was found.
The power gap between the other side and the company's main body is too obvious, and this happened without any warning.
It's like using a cannon to kill a mosquito. As a company listed in two places at the same time, this is the best solution we can think of at present.
Gu Junhao learned the news when he arrived at the company the next day.
As soon as they arrived at the company, Liu Tingting, Wang Ruoyu and Xu Jianqing rushed to Gu Junhao's office to ask how to deal with this emergency.
It’s not that the three of them lack the ability to respond, but for them, this was indeed an emergency, and the same is true for other practitioners.
At this time, Junshi Capital is not the only investment company thinking about how to respond. Investment institutions of all sizes are entering into emergency consultations on this sudden incident.
No one expected the friction to develop to this point. It was more or less unexpected. In fact, both sides were relatively optimistic in the early stages.
It was really the boss who liked to work on Twitter who played by unconventional means, and he seemed to be trying to defeat an old master with random punches.
Of course, this punch can also be regarded as the Seven Injury Fist. The fluctuations in US stocks since the New Year have also caused considerable losses to their investors.
"Don't panic. We don't own any of his shares. But the overall market will definitely be affected. Just deal with it normally."
Afterwards, Gu Junhao said to Wang Ruoyu and Xu Jianqing: "Ruoyu, just respond according to the bear market thinking. The market has already reacted in advance with three consecutive declines, so the probability of a stock market crash is not high."
"As for Xiao Xu, you are dealing with the foreign market. If the volatility is bigger, you need more methods. But if you are shorting, don't do it on a large scale. Just be flexible in your positions."
Then, Gu Junhao said to Liu Tingting: "The public offering funds are still holding on to medicine and gold. Don't panic, just follow our pace."
"Okay, then boss, we'll go back to the trading room first." Wang Ruoyu and Xu Jianqing nodded.
"Well, go ahead and be prepared for a long-term response, which is at least this year. Under the current situation, the market will be very difficult to trade. My request to you is to minimize the losses. Reduce the losses to the minimum, and that will be all."
In the morning session, technology stocks performed poorly due to the impact of the Sino-Singapore incident and opened lower collectively. The Shanghai Composite Index, which had fallen for three consecutive days, unexpectedly opened slightly higher and opened in the red at 3112.97 points.
"Hey, they're really ruthless. They still don't forget to lure more buyers even at this time." Sitting in the back seat of Cullinan, Gu Junhao looked at the bidding results of the stock trading software on his mobile phone and couldn't help but curled his lips.
Don't underestimate this small opening. Many times, after the market has fallen for several days in a row, even if it opens high under the premise of negative news, most investors will mistakenly believe that this is the end of the good and bad news.
In the A-share market, there are always some fearless investors.
After the official start of trading, the market's performance in the morning session was acceptable. The technology sector, which opened low, showed a trend of recovery, and the southernmost island sector, which has been hotly speculated recently, began to show differentiated results.
After staring for a few minutes, Gu Junhao felt that it was boring and put his phone away; it was indeed not very comfortable to watch the stock market on the phone.
"Huh? What's wrong with you, Xiao Li?" Looking forward, Gu Junhao found that Li Xinyu, who was sitting in the passenger seat, seemed a little unwell.
"Ah? It's okay, boss. I'm just excited." Li Xinyu replied.
"Excited? Why excited?"
"Boss, aren't you excited? We are going to buy a building. Not just one house, but a whole building."
Then Li Xinyu said, "This kind of spending is in the billions. It's exciting just to think about it. Don't you think so, Brother Li?"
"Ah? Yes, yes, Secretary Li is right." Li Yaohui, who was driving, did not expect Li Xinyu to ask him this question.
"Hey, are you excited about this? From your expression I thought you were in a hurry to go to the bathroom."
"Boss, what are you talking about?" Li Xinyu replied somewhat embarrassedly.
"Haha, but what you said makes sense. I have never experienced consumption in the billions. Buying stocks does not count." Gu Junhao laughed.
That’s right, today Gu Junhao and his team went to buy a building. After several months of searching and comparing, the office building has been decided, and today they are going to sign the contract.
The office building is located in the western part of the city, about five or six kilometers away from the current financial building, along Changjiang Road. This area is still in a state of waiting to be opened, but the specific plan has been formed.
I have the impression that there will be a shopping mall nearby in about two years, but its popularity is worrying and the layout of the mall is like a maze. Gu Junhao went there once and never wanted to go again.
In fact, Gu Junhao wanted to buy the financial building so that he wouldn't have to relocate; but the owner refused to sell it.
This location along Changjiang Road is generally good. Although the popularity of the shopping mall here will be low in the future, the subway station and other supporting facilities are very complete. It is still feasible for the company to set up in this area in the future.
More than ten minutes later, Gu Junhao and his group arrived at the sales office. There were already two middle-aged men in formal attire waiting at the door, along with several beautifully dressed ladies.
They had already informed each other before coming, and the specific price of the property had already been negotiated. Gu Junhao came here today just to sign the contract , so it wasn't a big deal.
At ten o'clock as agreed, Zhuo Yihang, the lawyer who provided legal advice to Junshi Capital, showed up on time. He was really punctual and not late at all.
Nowadays, Junshi Capital's performance scope is getting bigger and bigger, and its business types are increasing. The review of relevant legal documents is also very important. Junshi Capital's idea of setting up a legal department in the future will be discussed after the relocation is completed.
The office building purchased is a mid-rise building with a total of 16 floors. It has relatively complete facilities and services, including underground parking, restaurants, conference rooms and other facilities. The surrounding transportation is also very convenient.
The first floor is the lobby. The total construction area above and below ground, including the surrounding areas, is about 6,000 square meters. Commercial land is a bit more expensive than housing prices. It cost Gu Junhao a total of 150 million yuan to acquire this building.
This was a discounted price through the mediation of an intermediary, and the payment method offered by Gu Junhao was very attractive.
An advance payment of 100 million yuan will be received within one month after the formal contract is signed. The subsequent 50 million yuan will be divided into three batches and settled within one year.
No real estate company can resist the temptation of being able to recover 100 million yuan in one go.
Nowadays, the available land resources in Beicang urban area are becoming increasingly scarce. In the future, let alone building such large office buildings, new residential communities will have to radiate to more remote areas.
In addition to economic factors, this is also one of the reasons why housing prices in Beicang began to rise sharply after 2019. There is really no land left.
"Mr. Gu, congratulations, this building is yours. I wish you better development in the future." A middle-aged man who was among the crowd greeting at the gate said with a smile as he watched Gu Junhao sign his name.
The middle-aged man's surname was Zhang. He was the vice president of the real estate company that owned the office building. Looking at the young man in front of him, he couldn't help but sighed, "These people in finance are really rich. They can easily take out more than 100 million without taking out a loan."
The romance in a man's bones is to engage in industry. Looking at the buildings and factories rising from the ground, the inner sense of pride is beyond words. For the real estate industry, which is still very hot now, it is the industry among industries.
To be honest, sending a powerful vice president to sign a contract with Gu Junhao is already very impressive.
People in the industrial sector have some internal alienation towards people like Gu Junhao who have become rich through finance, but they are really envious. Looking around the entire Beicang, there are not many people who can buy an office building without taking out any loan.
What's more, the young man in front of him was only 26 years old! He was less than four years older than his daughter.
If the young man in front of him had not been married with children, Lao Zhang really wanted to introduce his daughter to him. Who wouldn't like a young, handsome, approachable guy?
