Reborn as a tycoon in Hong Kong

After returning, Henry Caesar, Michael Kadoorie, George Swire, and John Madden convened a meeting with those involved in short selling.

After discussion, they all agreed that Hutchison Whampoa's stock price is unlikely to stabilize above HK$30 without huge benefits, unless there is a large amount of funds that are optimistic about Hutchison Whampoa's stock price and continue to buy it, forcing the stock price to rise. , but this possibility is very small.

After calculation, the average selling price of the 70 million shares they shorted was above HK$30. As long as Hutchison Whampoa's stock price did not exceed HK$30, then their short selling would not make a loss.

Furthermore, this time they shorted Hutchison Whampoa to show off the strength of the British-owned family. If it ends now, it will not have the effect of deterring the Chinese-owned family. Instead, it will be regarded as useless. Virtual table.

Therefore, due to the combination of many factors, they decided to continue to borrow stocks from HSBC to short-sell, and at the same time, they tried to find ways to attack Hutchison Whampoa through various channels, so that Hutchison Whampoa would have a lot of negative news, leading investors to follow suit and sell stocks, suppressing the stock price.

After the decision was made, in the afternoon, Henry Kaesik went to HSBC to borrow stocks on behalf of everyone, and borrowed 40 million shares of Hutchison Whampoa stock again. At the same time, they will also lobby HSBC's board of directors to let HSBC make the decision to reduce its holdings in Hutchison Whampoa, which will be a big negative.

When Henry Kaiser came to borrow stocks, Shen Zhou certainly had no reason not to lend them, and the two parties happily signed a securities lending contract. Having said that, regardless of whether Henry Caesar and the others can succeed in short selling this time, HSBC, which lent a large number of stocks, has already made a lot of money. The stock value exceeds 3 billion Hong Kong dollars, and the interest alone is a lot.

Although they borrowed stocks, Henry Kaiser and others did not sell a large amount of stocks immediately because they had to wait for the negative news about Hutchison Whampoa to appear. At that time, selling a large amount of stocks would trigger a large number of panic orders and bring down the stock price. Smash it down.

There is no movement on the short side, and Lin Baicheng, the bull, is naturally even more silent. He does not have a lot of good news that he has not announced.

Lin Baicheng worked at Jinzhou Yingni Company that day. He transferred several middle-level managers from Hutchison Whampoa to work at Jinzhou Yingni Company. Together with the original management of Jinzhou Yingni Company, they were able to manage the company well.

The Kane family will definitely give up some positions when they leave Qingzhou Yingni Company. Lin Baicheng himself will also need to place trustworthy people in key positions such as finance and human resources. Fortunately, these are high-level administrators, and there are not many middle-level administrators. There was no impact, so not many people left.

When a company is acquired, unless there is a relative relationship with the original owner, everyone will definitely know what to do or how to do it. After all, they are working part-time, and no matter who receives the same salary.

With the cooperation of Gu Luo Kane, the handover of Qingzhou Yingni Company is proceeding steadily.

While having dinner at home in the evening, Lin Baicheng suddenly received a call from Wei Li. Lin Baicheng knew very well that if something big had not happened, Wei Li would not have called his home at this time.

"Weili, what happened?"

"Mr. Lin, I just received a report from the London branch, saying that someone reported our company for tax evasion, and the IRS came to inspect the accounts."

Weili's voice was a little anxious. It was definitely not good news that the IRS came to check the accounts at this time.

"Then did we evade taxes?"

Lin Baicheng asked in a deep voice. The reason why he asked this was because there was definitely no big tax evasion, but he was afraid that the people below would do it secretly for their own benefit and harm the company. Although the amount of money the people below do by themselves will not be large, if they are caught, dirty water will definitely be poured on the company.

Wei Li said: "No, I heard from the people below that the IRS came to check the tax the company had to pay on its previous investment in gold prices."

Lin Baicheng warned: "It's fine if we don't have it, but let people keep an eye on it, so we don't have to evade taxes, but we are framed."

"I'll get people staring."

Wei Li agreed, and then said: "Also, when the IRS came to the door, reporters soon came to the door. I suspect that relevant reports will appear in various newspapers tomorrow morning. This is obviously someone behind the scenes. The method was probably done by a short-selling British family."

"Remove the word 'possible'. There will be no one else involved in this matter except them."

Lin Baicheng snorted. The incident happened in London. Recently, Hutchison Whampoa was shorted by the British-owned family. The British-owned family had the power to cause trouble in London. Who else could do this besides them? If it was a coincidence, he wouldn't believe it even to death.

Weili said: "Mr. Lin, I'm worried that this is just fun, and they may make other moves next. Since they are short-selling, of course they want to suppress the company's stock price. Once there is a lot of negative news about the company, the stock price will inevitably rise again. A wave of decline.”

Lin Baicheng agreed: "Well, you are right. Do you have any good way to deal with this?"

Wei Li said helplessly: "The company's current plan is to get a loan from the bank and find a way to repurchase some stocks."

"In that case, tomorrow you arrange for people to contact the major banks in Hong Kong to see if you can get a loan from the bank to buy back the stock price."

When saying this, Lin Baicheng felt a little regretful. His Galaxy Bank has just completed its merger and reorganization. Although he has used his reputation as the richest man in Hong Kong and allowed some Hong Kong people to deposit their money in Galaxy Bank, the deposits of Galaxy Bank are not many after all. , there is no way to give Hutchison Whampoa too many loans.

A loan of tens of millions of Hong Kong dollars can be taken out, but the problem is that it is meaningless. Even if Hutchison Whampoa's stock price falls, it will cost more than ten Hong Kong dollars per share. One million shares is more than 10 million Hong Kong dollars, and one million shares only account for 0.25% of the total number of shares. Such a small repurchase is useless.

Wei Li said: "If it really doesn't work, we can allocate the funds used by the company for development. We still have hundreds of millions of Hong Kong dollars."

"If the stock price is not low enough, the funds used for development must not be used. This will slow down the company's development progress."

Lin Baicheng did not completely veto it. If Hutchison Whampoa's stock price dared to fall to about 15 Hong Kong dollars, then the company's funds could be allocated to repurchase it, and then sell it when the stock price rose to make a huge profit. The company's delayed development time can be fully compensated for by profits of hundreds of millions of Hong Kong dollars.

After the two chatted for a few more words, they ended the call.

Lin Baicheng and Wei Li knew very well that since the Kongfang Yingzi family had taken action, there would most likely be another move next. There was a storm waiting for Hutchison Whampoa ahead.

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