Reborn as a tycoon in Hong Kong

The next day, Lin Baicheng asked Cheng Yufeng to arrange for the team to negotiate with Henry Caesar and the others.

Lin Baicheng told Cheng Yufeng his general idea and left the specific negotiations to them. Finally, he would review it and decide whether to proceed with the transaction.

Leaving the matter to Cheng Yufeng and the others, Lin Baicheng himself took his bodyguards to play with the big-eyed beauty Guan Jiahui.

Although Guan Jiahui, who was born in 1962, is only 16 years old, Lin Baicheng doesn't have to do anything now. He can definitely cultivate a relationship first. Occasionally kissing or hugging and touching is normal.

Henry Caesar and others were no longer prepared to delay any longer, so the negotiations between the two parties produced results that day. After consulting Lin Baicheng, the decision was made that day.

Hutchison Whampoa will sell the 35.2 million shares it repurchased to Henry Kaiser and others at a price of HK$50 per share, totaling HK$1.76 billion. For this amount, Henry Caesar and the others paid HK$1 billion in advance, and the remaining HK$760 million was pledged with shares and real estate of other companies, but it was HK$760 million worth of shares and real estate worth HK$900 million.

The unpaid 760 million Hong Kong dollars must be paid within one month, otherwise the mortgaged shares and real estate worth 900 million Hong Kong dollars will belong to Hutchison Whampoa Company, which is equivalent to making Hutchison Whampoa earn 1.4 without repaying the money in one month. billion Hong Kong dollars.

But even if they think about it, they know it is impossible. Even if they find a way to borrow money from the bank, Henry Kaiser and others will return 760 million Hong Kong dollars to Hutchison Whampoa.

It was just a verbal agreement today, and a formal transaction will be carried out at Hutchison Whampoa tomorrow.

Before the official transaction takes place tomorrow, the Hong Kong government will sell a piece of land near Mong Kok Station, where the subway passes, to Hutchison Whampoa Company at a price lower than the actual sale price of HK$300 million. After the transaction here is completed, Hutchison Whampoa will Only Huangpu and short parties will trade.

Monday, December 11th.

At 10 o'clock in the morning, the Hong Kong government sold a 750,000-square-foot commercial land in Mong Kok to Hutchison Whampoa Company at a price of HK$1,100 per square foot, for a total of HK$825 million.

Mongkok is located in the middle of Kowloon. It has developed transportation and a large flow of people. It is a famous shopping mall. Although the land prices here are not as expensive as those in Central and Sheung Wan, they are not cheap either. The average price per square foot is more than HK$1,000. The land prices in some central areas are even higher. It is more than 1,300 Hong Kong dollars per square foot.

What we are talking about here is the land price, not the house price. The house price is only about 300 to 400 Hong Kong dollars per square foot, and there will be some fluctuations depending on the location.

The reason why house prices are cheaper than land prices is because the land for sale only counts the surface area, not how many floors you build. Therefore, the area of ​​the built house must be much larger than the land area, so house prices are cheaper than land prices.

The land sold by the Hong Kong government to Hutchison Whampoa is close to Mong Kok Station, where the MTR passes, so the price per square foot has actually risen to HK$1,500. However, the Hong Kong government discounted the land to HK$1,100 per square foot on the grounds that the recent land auction was not satisfactory. The price was sold to Hutchison Whampoa, which was HK$300 million cheaper.

For the transaction price of HK$825 million, Hutchison Whampoa only needs to pay a 20% deposit in advance, and the remaining balance can be extended for one month. In fact, you can wait for the short-selling British-owned family to return the money to Hutchison Whampoa, and then Hutchison Whampoa will pay the money to the Hong Kong government.

After Hutchison Whampoa bought the land from the Hong Kong government, Hutchison Whampoa signed a share transfer contract with the short-term British family represented by Henry Kaiser, and transferred the 35.2 million shares of the company held by Hutchison Whampoa Transferred to Henry Caesar and the others at a price of HK$50 per share.

The capital involved in this transaction is as high as 1.76 billion Hong Kong dollars. According to the verbal agreement yesterday, 1 billion Hong Kong dollars will be paid in advance, and the remaining 760 million Hong Kong dollars will be pledged with corresponding shares and real estate.

Because the relationship had been negotiated yesterday, both parties signed the contract after confirming that there were no problems with the contract and the value of the collateral.

At a little after 10:30, the two parties completed the transaction, the stock transfer was completed, the funds were paid, and the collateral temporarily belonged to Hutchison Whampoa.

As soon as the transaction was completed, Hutchison Whampoa made an announcement, and it was up to the market to decide whether the stock price would rise or fall.

It can be said that Hutchison Whampoa made a huge profit from this transaction. To repurchase 35.2 million shares, Hutchison Whampoa spent HK$800 million, but sold HK$1.76 billion, which equals a profit of HK$960 million, not counting the HK$300 million profit from the acquired land.

The profit of HK$300 million from the land transaction cannot be disclosed openly, but those who know it will know that Hutchison Whampoa actually made a profit of HK$300 million from this land transaction.

The announcement made by Hutchison Whampoa has a great impact on the stock market. The stock price, which was originally fluctuating, immediately showed a huge amplitude. It fell sharply at one moment and rose sharply at the other. There were divergences in the funds in the market. Go long. Everything is available.

This is normal. Hutchison Whampoa ostensibly sold the stock to the short side at a price of HK$50 per share, but the current stock price is a little more than HK$57. If benchmarked, the stock price should fall to HK$50 now. Yes, this is a reason to be bearish.

However, the short side bought a large number of shares from Hutchison Whampoa, which shows that the short side has admitted defeat, and the short side is still short of about 20 million shares, so it must continue to buy, and buying a large amount will push up the stock price. You can think of it Of course, these funds are too much.

After eleven o'clock, the long-short disagreement came to an end. The long side won, and the stock price rose above 60 Hong Kong dollars.

More funds in the market choose to go long, not only because the short side may buy a large number of stocks from the stock market, but also because Hutchison Whampoa made a profit of nearly HK$1 billion after selling the repurchased stocks, and time has not passed yet. to one month.

A profit of 1 billion Hong Kong dollars is not a small amount for Hutchison Whampoa, which has a market value of more than 20 billion Hong Kong dollars. It is enough for Hutchison Whampoa to earn for several years under normal circumstances. The large amount of funds in the market naturally has reason to go long. It pushed up Hutchison Whampoa's stock price.

The short side has not suppressed the stock price at the price of 60 Hong Kong dollars for the time being, nor has it bought shares from the stock market. The short side, which is still short of more than 21 million shares, went to Bill Harveys and the others to negotiate again, hoping to sell the stock at HK$50. Buy poor stocks at a price per share.

Henry Kaiser and others said that they had bought a large number of stocks from Hutchison Whampoa, and now the difference was not much. The price that Hutchison Whampoa sold to them was 50 Hong Kong dollars per share. If Bill Harveys had not sold them at this price, If it is sold to them, they will find Lin Baicheng and other shareholders to buy the shares. After they no longer need the stocks, Hutchison Whampoa's stock price will inevitably plummet, and then the stocks held by Bill Harveys and others will no longer be worth as much as 50 Hong Kong dollars.

Bill Harveys and the others ignored the deceptions of Henry Kaiser and the others, and only stated that the price they sold would never be lower than the real-time stock price of the stock. With Lin Baicheng's instructions, it was absolutely impossible for them to sell the stock at a low price.