Reborn as a tycoon in Hong Kong
Chapter 38 Target Wharf
Anyuan is worthy of being an old man who has worked in the investment industry for more than ten years. In just three days, he hired five employees. Yum Securities finally looked like a normal company.
Of course, this is also related to the fact that the employees recruited are ordinary practitioners, and their abilities are not very strong. However, they all have two or three years of work experience, so there is no problem in acting as a tool.
Now that a few people have been recruited, the company can start running. Lin Baicheng transferred 6 million Hong Kong dollars to the company's account.
This money was almost all the money Lin Baicheng could use freely.
Lin Baicheng spent a lot of money these days. He spent 3.6 million Hong Kong dollars on buying a house, a little more than 3 million Hong Kong dollars on land and building a factory, and more than 1 million Hong Kong dollars on IBM computer equipment, plus Yum Securities 6 million Hong Kong dollars, which is nearly 14 million Hong Kong dollars.
This money is really earned and spent quickly.
The bulk of Lin Baicheng's account was the US$8.5 million paid by Taitung Co., Ltd., totaling more than 37 million Hong Kong dollars. However, nearly US$5 million of it was the cost of 10,000 motherboards. Only US$1,500 actually belonged to Lin Baicheng. About 10,000 Hong Kong dollars. Taitung Co., Ltd. has an unpaid US$6 million remaining. The other party will only pay after Lin Baicheng ships the goods. This is the bulk of his earnings.
Of course, when Lin Baicheng gets the goods from the raw material supplier, he does not pay the full price immediately. He also pays half of the price first, and the remaining half of the price is paid within the next one to three months.
Therefore, if necessary, Lin Baicheng can embezzle some of the payment, but there is no need for him to do so for the time being.
While transferring the funds to the company account, Lin Baicheng came to Yum Securities and had to explain to Anyuan how to operate his 5 million Hong Kong dollars in funds.
"Anyuan, you should know about these two companies, Hutchison Whampoa and Wharf, right?"
Yes, Lin Baicheng was eyeing these two companies and wanted to acquire them both, but he knew it was impossible to do so now. He couldn't afford to acquire even one, let alone two. Therefore, he decided to secretly slowly absorb the stocks of one of the companies, and when he had more money on hand, he would suddenly purchase them in large quantities to achieve the purpose of acquisition.
"I know, one of these two companies belongs to Hutchison and Matheson, and the other belongs to Jardine Matheson."
Both of these companies are listed companies, so Anyuan doesn’t know how well he knows them, but he still knows some information. "Hutchison Whampoa was originally two group companies, Hutchison Whampoa and Whampoa. They merged into Hutchison Whampoa in June. HSBC happens to be the major shareholder of this company."
"Then do you know how many shares of Hutchison Whampoa HSBC holds?"
Lin Baicheng was moved when he heard this. He knew that HSBC held a large number of shares in Hutchison Whampoa, but he didn't know the specific number.
"I know this."
Anyuan nodded and said: "As early as 1975, due to the economic crisis, HSBC injected HK$150 million into Hutchison Bank, acquiring nearly 35% of Hutchison's shares. In June this year, with the promotion of HSBC, Hutchison Matheson and Whampoa Dockyard reorganized and merged to form the current Hutchison Whampoa. Because Hutchison Matheson itself is the controlling shareholder of Whampoa Dockyard, HSBC's shares have not been diluted much. Currently, there are still about 30% of Hutchison Whampoa. Huangpu stock, I don’t know the specific amount.”
"About 30%."
Lin Baicheng couldn't help but frown slightly after hearing this. Although this figure was a rough estimate by Anyuan, it was not too far off. HSBC owned at least 20% or even more than 25% of Hutchison Whampoa stocks, plus the Qi Dezun family holdings of Hutchison Whampoa Holdings. The shares in the company are only about 20%, so if you want to acquire this company, you can't go around HSBC.
Lin Baicheng knew very well that the reason why Li Jiacheng was able to acquire Hutchison Whampoa with a small amount before his rebirth was because the charter king was the bridge and the connection was made. In addition, HSBC Shenzhou was optimistic about Li Jiacheng's future, so Li Jiacheng could do it. To the snake swallowing the elephant.
Lin Baicheng did not know the chartering king, and he had never met HSBC Shenzhou. It was hard to say whether the other party would appreciate him, so it was not easy for him to acquire Hutchison Whampoa.
"How much do you know about Wharf?"
"Wharf belongs to Jardine Matheson and Co., which is controlled by the Jardine family. The current chairman of the board of directors is New Bikin. Due to poor management of large-scale construction projects in recent years, this listed company has become heavily in debt and its market value has plummeted. Today, its market value is only About HK$1.1 billion.”
"The reason for this is because the Harbor City currently being built by Wharf in West Kowloon is said to cost as much as one billion Hong Kong dollars, but it is only half completed and will take two or three years to be fully formed. The capital market is worried that after the completion of Harbor City Business is not good, so the company's stock price has been falling, and the current market value is more than 1.1 billion Hong Kong dollars."
"The stock market has been consolidating recently, and the range of gains and losses is limited. Therefore, if there is no sudden good or bad news, Wharf's stock price will roughly fluctuate around the current price."
"However, unlike Hutchison Whampoa, Wharf's controlling shareholder Jardine Matheson does not own many Wharf stocks, only about 20% at most. Most of the stocks are in the hands of retail investors in the market."
Anyuan told everything he knew.
Lin Baicheng couldn't help but feel moved after hearing this. It seemed that Wharf was more suitable for him.
Of course, Lin Baicheng doesn't have that much money to buy now, but he believes that he will become richer and richer and will be able to buy Wharf sooner or later. Of course, the acquisition of Wharf had to be quick, but he remembered that this company was taken over by the charter king in the early 1980s.
But it doesn't matter, even if the Wharf is acquired by the Charter King in the end, Lin Baicheng will enter the Wharf early now. When the acquisition war breaks out, he will at least make a lot of money without losing anything.
"I am still optimistic about Wharf. I think it is undervalued now. I am optimistic about its stock price, so my five million Hong Kong dollars will be used to buy shares of this company. What you have to do That is to buy stocks with a market value of HK$5 million without significantly increasing the stock price."
Lin Baicheng did not tell Anyuan that he wanted to acquire Wharf, and he did not ask the other party whether he believed it or not. This kind of thing must not be said before the official acquisition. Once everyone knows, it will only make his acquisition more difficult.
Anyuan said: "If you are not in a hurry, Mr. Lin, I will buy the stocks in a few days. The purchase of five million Hong Kong dollars will not have much impact on the stock price."
"We're not in a hurry, but you have to remember to keep it secret. It's best not to let anyone except our company know."
Lin Baicheng nodded and reminded him that he didn't want anyone to compete with him for food.
"Don't worry, Mr. Lin, I will make arrangements."
Anyuan responded that as long as there was plenty of time, that would not be a problem.
After chatting with Anyuan for a while, Lin Baicheng left the company. As for the operation of Anyuan's one million Hong Kong dollars, he will not interfere for the time being. As long as Anyuan's loss does not exceed 20%, then he will let Anyuan operate.
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