Reborn as a tycoon in Hong Kong

The day after Hutchison Whampoa sold the repurchased stocks and received HK$1 billion in cash, it spent more than HK$800 million to repay the loan from Standard Chartered Bank, and then took the property to the Bank of East Asia for a loan. More than 800 million Hong Kong dollars.

After such an operation, Hutchison Whampoa solved the problem of Standard Chartered Bank's loan without spending a dime.

The reason why the money is returned to Standard Chartered Bank now is because Standard Chartered's previous application restricted Hutchison Whampoa's use of large amounts of funds. Now that the loan has been repaid, the restrictions will of course be ineffective.

However, the loan has been repaid, but the lawsuit has not ended. Hutchison Whampoa is still fighting a lawsuit with Standard Chartered Bank. Anyway, this lawsuit may not come to a conclusion in a year or two.

Although the loan of more than 800 million Hong Kong dollars is a lot, given Hutchison Whampoa's current situation, there is no problem at all in granting a full loan if there is physical collateral. No matter which bank it is, they will be willing to take it.

If possible, Lin Baicheng would like to give this loan to Galaxy Bank so that Galaxy Bank can have a big business, but unfortunately it is not possible at all.

Nowadays, Galaxy Bank is leveraging Lin Baicheng's reputation to attract HKD 6.7 billion in savings, but all of this money is not enough to lend to Hutchison Whampoa. What's more, the bank cannot lend all the funds to a company, especially the controller of this company. Or Lin Baicheng.

If Galaxy Bank has more than 800 million Hong Kong dollars in its own funds, as long as the bank is controlled by Lin Baicheng, Lin Baicheng can lend all of this money to Hutchison Whampoa. After all, even if the loan cannot be recovered, it will be the bank itself that loses money, and the depositors' money will not be lost, so that it will not violate relevant laws.

It is okay to lend depositors' money from Galaxy Bank to Hutchison Whampoa or Lin Baicheng himself, but the amount will be limited, otherwise the nature will change and it will become Lin Baicheng's misappropriation of bank funds, which violates relevant laws.

After entering December, the international gold price has mainly rebounded and risen. In recent days, the international gold price has been rising as a whole. Now the gold price is close to the price of 220 US dollars per ounce. It has recently rebounded from around 190 US dollars and has now risen by nearly 100 US dollars. As much as 15%.

The rise in international gold prices is of course a great benefit to Hutchison Whampoa. Hutchison Whampoa's investment in gold futures has already made a profit of 6%, a profit of about US$90 million.

Therefore, yesterday Monday and today Tuesday, Hutchison Whampoa's stock price fluctuated upwards.

Bill Harveys and Doug Goldon arranged for traders to slowly sell Hutchison Whampoa's shares, while they negotiated with Henry Kasik and others without delaying either.

Since deciding to buy stocks from Hutchison Whampoa, Henry Kaiserk and others have truly admitted defeat. Now they just want to buy a sufficient number of stocks to return to HSBC. However, they will certainly not want to buy shares at a higher price if they can buy a sufficient amount of shares at a lower price.

Therefore, Henry Caesar and the others did not buy from the stock market. Instead, they chose to buy from those who held a large number of stocks, hoping to negotiate a satisfactory price.

Several negotiations with Bill Harveys and the others failed to reach a satisfactory price. While Henry Kasik and the others continued to negotiate with Bill Harveys and the others, they also contacted Bao Yugang and Zheng Yudong, asking for Buy stocks from them.

Bao Yugang and Zheng Yudong announced that they held at least 100 million Hong Kong dollars worth of stocks. Judging from their purchase prices at the time, they each owned at least 4 million shares. If they could buy them from them, then they would The number of shares in short supply will be even less.

However, Bao Yugang and Zheng Yudong rejected them directly and told Lin Baicheng about the matter instead, saying that they were optimistic about Hutchison Whampoa and were willing to hold Hutchison Whampoa's shares for a long time.

In their view, making friends with Lin Baicheng is more important than selling stocks to make short-term profits.

After Lin Baicheng learned about this, he naturally expressed his gratitude to Bao Yugang and Zheng Yudong, and said that it was up to them whether to sell the stocks or not, and it would not affect everyone's relationship.

Seeing that they could not buy stocks from Bao Yugang and Zheng Yudong, Henry Kaiser and the others had no choice but to negotiate wholeheartedly with Bill Harveys and the others to buy stocks from here.

On Wednesday, seeing that Hutchison Whampoa's stock price continued to rise today, Henry Kaiserk and others had no intention of waiting any longer, and reached a deal with Bill Harveys and others after the market closed that day.

Henry Kaiser and others purchased 21.6 million shares of Hutchison Whampoa from Bill Harveys at a price of HK$62 per share, for a total transaction value of HK$1.3392 billion.

Bill Harveys was not familiar with Henry Caesar, so the transaction was conducted in cash, and there was no default in payment.

Fortunately, Henry Kaiser and his colleagues had raised some funds, so they had the money to pay it all.

The offshore company originally held 94.05 million shares of Hutchison Whampoa. This time it sold 21.6 million shares. In the past three days this week, it sold 8 million shares in the stock market. In total, more than 1.8 billion Hong Kong dollars were withdrawn.

The offshore company used US$100 million to raise US$500 million to buy stocks, which would be HK$420 million to raise HK$2.1 billion if converted into Hong Kong dollars. Now, the funds recovered from selling the stocks plus a margin of HK$420 million are enough to return to the brokerage. .

After deducting the financing funds of 2.1 billion Hong Kong dollars and the interest on the financing, there is still about 100 million Hong Kong dollars left in the funds currently being withdrawn.

The most important thing is that there are currently 64.45 million shares left in the offshore company. If all these stocks are sold at a price of no less than HK$60, at least about HK$3.9 billion can be recovered, which means that the offshore company can make a profit of at least 35 billion Hong Kong dollars.

After returning the financing funds and interest to the securities firms, among the remaining 64.45 million shares, the principal of the offshore company is only US$100 million. Therefore, after the US$100 million principal is withdrawn, which is enough to pay for the acquisition in the United States, these stocks There is no rush to sell.

Therefore, Lin Baicheng has decided that these stocks will only be sold slowly when the stock price is higher than 60 Hong Kong dollars. If there is a correction, he will hold the stocks and wait for the stock price to rise again.

This time the offshore company is expected to make a profit of no less than HK$3.5 billion, and Hutchison Whampoa will make a profit of nearly HK$1 billion excluding the land discount, adding up to a profit of at least HK$4.5 billion.

However, although both parties have made so much profit, it does not mean that the British family on the short side has lost so much.

The loss of the British family on the short side will not exceed 2 billion Hong Kong dollars. The rest are retail investors who lost money by selling stocks at high prices, and HSBC was also one of the losses.

Think about HSBC selling Hutchison Whampoa's shares at HK$28 and HK$25 respectively. Now Hutchison Whampoa's stock price is above HK$60, with a loss of up to HK$2 billion. Of course, this refers to the loss if all the stocks can be sold at HK$60.

It can be said that HSBC's losses this time were no less than those of the British-owned families who were short-selling. The problem is that HSBC did not participate in the short-selling. They only sold the stocks because they were worried that the stock price would plummet. They sold too early. It is quite unfair to think about it.

However, if you really want to calculate it, HSBC still made a huge profit from its investment in Hutchison Whampoa. After all, most of the stocks held by HSBC were bought at low prices, and the profit should be about one billion Hong Kong dollars.

However, if a profit of HK$3 billion turns into a profit of HK$1 billion, then HK$2 billion of it will naturally be considered a loss. No matter who it is, the money earned less will be regarded as a loss as a matter of course.