Reborn as a tycoon in Hong Kong
Chapter 558 Back to Xiangjiang, busy (2-in-1)
It was already the next week when Lin Baicheng returned to Xiangjiang.
Therefore, on the second day after returning to Xiangjiang, Lin Baicheng contacted Galaxy Games Company and asked the company to hold a board meeting the next day.
It is best to convene the board of directors some time in advance, unless there are urgent matters to be dealt with and the board of directors needs to be convened immediately, that is another story.
In addition to notifying Galaxy Games to convene the board of directors, Lin Baicheng went to Hutchison Whampoa for an office and contacted Shen Zou from HSBC for an interview.
At around ten o'clock, Shen Chu came to Hutchison Whampoa to find Lin Baicheng, and Lin Baicheng entertained him in the office.
The two of them greeted each other politely and chatted for a while, mainly Shen Zou congratulating Lin Baicheng and congratulating him on the surge in his net worth due to the listing of Galaxy Games Company.
After the courtesy.
Lin Baicheng got to the point and said: "Shen Taipan, Hutchison Whampoa's stock price is currently fluctuating around 85 Hong Kong dollars. Should it be considered that the stock price has stabilized at this price?"
During the time when Lin Baicheng went to the United States, Hutchison Whampoa's stock price first broke through the price of 100 Hong Kong dollars, rising to a maximum of 118.76 Hong Kong dollars, with a total market value of more than 47 billion Hong Kong dollars. The price fluctuated within a narrow range after HK$85.
"Hutchison Whampoa's stock price has fluctuated around HK$85 for more than ten trading days. If there is no sudden negative news, the stock price should not fall anymore."
Shen Porridge nodded slightly when he heard the words. He was concerned about Hutchison Whampoa's stock price, so he could answer immediately.
Lin Baicheng nodded and said: "In that case, based on the current stock price, what price does Shen Daban think is more appropriate for the additional issuance?"
"First of all, it cannot exceed 80 Hong Kong dollars, and a certain profit margin must be left. Otherwise, investors might as well go to the secondary market to buy directly."
Shen Cong first gave an upper limit, and then continued: "For the benefit of Hutchison Whampoa, the higher the share price of the additional issuance, the better, so the additional issuance price cannot be lower than 70 Hong Kong dollars. If you make a compromise, the additional issuance price of 75 Hong Kong dollars will be More appropriate."
"The current stock price is around HK$85, and the additional issuance price of HK$75 is only about 88% of the current price, which feels a bit low."
Lin Baicheng couldn't help but frown slightly. He must have hoped that the additional issuance price would be as high as possible.
"Lin Sheng, there is still a profit margin of about 10%. After all, the additional shares have a two-year sales restriction period. No one can guarantee what will happen in these two years."
"Hutchison Whampoa's current stock price is indeed very high, but the company's annual operating profits cannot support the company's current stock price, unless the investment led by you, Lin Sheng, can also bring huge profits to the company."
"Therefore, investors who spend money to purchase additional shares bear a lot of risks, and a profit margin of less than 12% is not considered high."
Shen Porridge tried to persuade him. He hoped that this matter could go smoothly, so that while HSBC would earn a lot of handling fees, Lin Baicheng might think of HSBC when he had similar business in the future.
"Daban Shen, you convinced me."
Lin Baicheng thought about it and felt that what Shen Zhou said was not unreasonable.
"The stock price of this additional issuance will be HK$75. As for the number of additional shares, it will be between 40 million and 50 million shares."
"There is no problem with the quantity."
Shen Porridge nodded, with a smile on his face. Once the business is concluded, HSBC can earn more than 100 million Hong Kong dollars with a 4% handling fee, which is quite a lot.
Seeing that Shen Chow had no objection, Lin Baicheng said to Shen Chow: "Shen Daban, regarding the 4% handling fee, I think we should discuss it further, charge less, and give a preferential price."
Hearing this, Shen Zhou immediately said: "Lin Sheng, the original handling fee was 5%. I have charged you 1% less. I really can't lower it any more."
Lin Baicheng waved his hand: "Let's lower it again, just a little bit. How about letting the people below discuss the details?"
Shen Porridge smiled bitterly: "There is really no room for decline."
Lin Baicheng didn't say anything, just looked at Shen Porridge.
"Okay, let the people below talk."
Shen Pou and Lin Baicheng looked at each other in silence, and in the end Shen Pou chose to give in. After all, it was a business of more than 100 million Hong Kong dollars, and it was impossible to stop doing it just because of a small change.
Lin Baicheng smiled after hearing this: "I will ask Wei Li to follow up on the additional stock issuance. I hope this matter can be completed as soon as possible."
Shen Porridge said immediately: "As long as the cost is negotiated, it can be done in a month at most."
"This will trouble HSBC and Shen Taipan."
It took almost a month, whether it was long or short, Lin Baicheng could accept it.
After talking about the business, Lin Baicheng and Shen Porridge chatted for a while, and then Shen Porridge said goodbye and left.
After Shen Zhou left, Lin Baicheng asked his secretary to call Wei Li over.
Lin Baicheng first told Wei Li about the additional stock issuance that he had discussed with Shen Cong, and then asked Wei Li to follow up and try to keep the handling fee as low as possible.
Wei Li responded: "Don't worry, Mr. Lin, I will handle this matter well and reduce the handling fee. I estimate that it may be a bit difficult to raise the handling fee to 3.5%, but it will be 3.7% or 3.8%." % is still no problem."
Lin Baicheng said: "The lower you can negotiate, the better. After all, the handling fee of one thousandth is at least HKD 3 million."
"I know."
Wei Li nodded to express his understanding.
Lin Baicheng warned: "HSBC must help digest some of the additional shares. When negotiating the contract, it is best to let HSBC digest it more."
"OK."
Wei Li responded, and then asked: "Mr. Lin, do you want the company's management and employees to subscribe for some of the additional shares issued this time?"
"Not only Hutchison Whampoa, but other companies under my name will also be notified. It will be up to the employees whether they want to participate in stock subscription. There is no mandatory requirement."
Lin Baicheng thought for a while and said that Hutchison Whampoa's stock price will definitely rise and fall next year, but it is a fact that Hutchison Whampoa's investment will make a lot of money. The company's net assets will increase significantly, and even if it falls back then, it will not be too outrageous.
Therefore, there is still a high possibility that Hutchison Whampoa's stock price will be higher than HK$75 in two years. Lin Baicheng is not worried about cheating his employees.
Wei Li continued to ask: "Mr. Lin, if there are management or employees who have great confidence in you and want to subscribe in large quantities, should there be restrictions on the share?"
"There are no restrictions. Anyway, the price of the additional issuance is HK$75. It doesn't matter who subscribes for it, it makes the same difference to the company."
Lin Baicheng shook his head, but he did not think that there was any need to impose unnecessary restrictions on how many shares the management could subscribe for. The total number of shares should not be less than 3 billion Hong Kong dollars.
Wei Li then asked a few more questions, and Lin Baicheng answered them one by one. Only then did Wei Li know what he was talking about and stopped asking.
After Weili finished asking, Lin Baicheng told him to negotiate the contract with HSBC as soon as possible and handle the issue of additional shares so that Hutchison Whampoa could get the money as soon as possible.
After Wei Li left Lin Baicheng's office, it was already past eleven o'clock. Lin Baicheng simply stopped working and left Hutchison Whampoa to go home for dinner.
In the villa in Repulse Bay, the Lin family of five now has one less Lin Qin, but two more cousins from the mainland.
These two cousins have a lot to learn. First, they need to read, then learn the local dialect, and then find someone to teach them.
If you want to have a good future, you must have knowledge. The two of them will definitely spend the first few years studying.
Of course, if they can't study and learn too much knowledge, then Lin Baicheng can only arrange a job for them early.
But in this case, the future of the two cousins will be limited.
It’s not that there aren’t people with primary school education or middle school education who are big bosses, it’s just that they are very few.
We had lunch at home and then took a rest. At almost two o'clock, Lin Baicheng went to Galaxy Bank.
Here at Galaxy Bank, there is also the office of Chairman Lin Baicheng.
Calling Yuan Tianfan to the office, Lin Baicheng first listened to Yuan Tianfan's report on the US$2 billion long oil futures operation.
After the Mid-Autumn Festival, Lin Baicheng asked Yuan Tianfan to lead a team abroad to do long oil futures through offshore companies and funds with a principal of 200 million US dollars and ten times leverage. Yuan Tianfan completed the operation more than a week before he returned to Xiangjiang.
Lin Baicheng just nodded after listening, because he already knew the result and what he just listened to was just the process.
"Tianfan, I want to tell you about the one billion Hong Kong dollars from Yum! Fund."
"Mr. Lin, please tell me."
It only took a little more than half a month for Yum Fund to raise one billion Hong Kong dollars. Because of Lin Baicheng's connections in the United States at that time, he asked the fund not to move until he returned to Hong Kong.
"Let's talk about the 200 million Hong Kong dollars I promised you first. You can invest these 200 million Hong Kong dollars however you want. I will give you up to three times the leverage authority. You can use it or not."
"In addition to triple leverage, you also have a maximum loss margin of 30%. I will not interfere with your operations until the loss exceeds 30%."
"Tianfan, what kind of achievements you can make depends on your own ability. I have given you such great support, and I hope you can show me good results."
Lin Baicheng knew that Yuan Tianfan was the future working emperor, but he was not sure whether his appearance would change Yuan Tianfan's fate and make Yuan Tianfan's abilities worse.
Therefore, Lin Baicheng decided to train Yuan Tianfan, give Yuan Tianfan the power to make independent investment decisions, and test Yuan Tianfan.
"Don't worry, Mr. Lin, I won't let you down."
Yuan Tianfan responded solemnly. He could only answer with confidence now, and this time was also an opportunity for him. As long as he did well, then the boss Lin Baicheng would definitely value him more, and there was no need to worry about his future achievements.
"As for the remaining 800 million Hong Kong dollars, I decided to invest in the U.S. stock market and choose stocks of several listed companies to buy. I gave the specific purchase list to Haruko Maori myself. When you take people to the United States, remember to contact her, She will help you buy stocks and tell you which stocks to buy."
The funds in this fund have a three-year closing period, and Lin Baicheng is not prepared to invest the money in the futures market, so buying high-quality US stocks is a very good choice.
Coca-Cola, General Motors, Boeing, Wal-Mart and other companies that are familiar to future generations, Lin Baicheng believes that holding their stocks for a long time should not make a loss.
"Okay Mr. Lin."
Yuan Tianfan first responded, and then asked: "As for the stocks purchased in the U.S. stock market, do you buy them without stopping or do you operate them from time to time?"
"The stocks I bought this time did not use any leverage, and I did not just buy them and then stay there, but I did the swings on the premise of being bullish."
"Mr. Lin, in this case, the fund will have to recruit several corresponding talents from the United States. After all, we don't know much about U.S. stocks."
Yuan Tianfan understood what Lin Baicheng meant. Stocks can rise and fall. It is nothing more than selling them after they have risen too much, judging the decline, and buying them back when they fall near the price you want, thereby making a profit on the price difference.
The premise of being bullish is that traders don't have to worry when the stock price falls below the psychological price, and can continue to hold it with confidence.
Lin Baicheng nodded: "It's up to you to recruit people. Recruit as many as you think you should. I've handed over the management of Yum Fund to you."
"Thank you Mr. Lin for your trust."
Yuan Tianfan's heart was heavy. This was not only Lin Baicheng's trust in him, but also his pressure.
Regarding the Yum Fund, Lin Baicheng has never thought about taking care of it personally, mainly because there is no need. He only needs to set the general direction and leave the details to his subordinates.
It’s hard to say how many, but Lin Baicheng thinks it won’t be a big problem to double Yum Fund’s funds in three years. And doubling the profit, even if it takes only three years, is enough for Lin Baicheng to give an explanation to investors.
Before his rebirth, if Lin Baicheng had also bought a fund, the fund would have doubled his profits in three years. He would have been happy to die, so how could he object to earning too little.
After talking about the Yum Fund, Lin Baicheng asked Yuan Tianfan to go and get busy, and then called the bank's manager Xiang Ping over.
Lin Baicheng listened to Xiang Ping's report to him. Galaxy Bank was not only expanding in Xiangjiang, but was also expanding abroad, and these would not be achieved overnight, but should be done slowly.
Banking is the top priority of Lin Baicheng's career, so he is very concerned about it. The reason why he has not invested any more money at present is because the one billion Hong Kong dollars invested last time was enough for Galaxy Bank's short-term expansion. No matter how much money he gave, it would only be in the future. It's in the bank.
After listening, Lin Baicheng said: "If Xiangjiang wants to expand, foreign countries should not forget it, especially economically developed countries."
Xiang Ping responded: "Let's go hand in hand, I will arrange it."
"Focus on Xiangjiang, and at the same time give priority to expansion to Southeast Asian countries. A few branches in developed countries will be enough. Don't forget Chinatowns in various countries. Our headquarters is in Xiangjiang, which is an advantage."
"That's what we've always done."
What Lin Baicheng could think of, Xiang Pingping Bank professionals would naturally not fail to think of it.
"That's good."
Lin Baicheng nodded. So far, Xiang Pingping's management has done a pretty good job. Although there are some minor problems, he doesn't need to find fault, so he has nothing to say.
That afternoon, Lin Baicheng worked at Galaxy Bank, and also went to the insurance company to have a look. However, the insurance company had just opened, so the business was just like that.
As for insurance, when the economy gets better, everyone has the money to buy insurance. Otherwise, there is not enough food and clothing, and few people will spend money to buy insurance.
Therefore, Lin Baicheng does not have much expectations for insurance companies at present, and is looking at the long-term future.
(Thanks to "Shuhai Old Driver" for the huge reward and support!)
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