Reborn as a tycoon in Hong Kong
Chapter 605: Start reducing holdings in Hutchison Whampoa (two-in-one)
"Sister, Tianfan, let's talk over there."
Seeing Lin Shufang and Yuan Tianfan come in, Lin Baicheng greeted them to sit down on the sofa.
Chen Huixiang came in with her successor, Lin Baicheng's secretary here. The two made tea for Lin Baicheng and the three of them before going out.
There are only three people in the office, and they are not afraid of what they say being known.
"Brother, did you just come back this morning?"
Lin Shufang and Lin Baicheng are siblings. Unless it is a formal occasion such as a board meeting, there is no reason for Lin Shufang, the elder sister, to call Lin Baicheng, the younger brother, Mr. Lin or chairman.
Being too formal can hurt the relationship between siblings.
"Absolutely. I came back early in the morning, but I spent the night outside after I came back."
Lin Baicheng nodded. Now was not the time for the two siblings to chat. He asked them: "How many shares of Hutchison Whampoa have been sold?"
"Let Manager Yuan report."
Lin Shufang said and looked at Yuan Tianfan.
Lin Baicheng holds a total of 199.6 million shares of Hutchison Whampoa, of which 90 million shares were purchased from HSBC at the beginning. At that time, he also pledged all the shares to HSBC for a loan of HK$1 billion, so these 90 million shares All are held as collateral by HSBC.
Fortunately, although Lin Baicheng wants to sell Hutchison Whampoa's shares, he does not want to give up Hutchison Whampoa completely. He even wants to control Hutchison Whampoa, so he will at least hold Hutchison Whampoa after reducing his holdings. 20% of the shares, so that it is safer.
Hutchison Whampoa currently has a total of 440 million shares, and 90 million shares account for just over 20% of the total share capital. Therefore, Lin Baicheng can simply sell his shares in HSBC without pledging his shares and sell the shares that can be freely traded.
Previously, Lin Baicheng was in the United States. Of course, the reduction of Hutchison Whampoa shares had to be left to a dedicated person, instead of waiting for his affairs in the United States to be settled before he came back to preside over the stock sale. After considering it, he did not choose to arrange it. Yuan Tianfan chose Yuan Tianfan instead.
Lin Baicheng and Yuan Tianfan were not relatives. Even if Yuan Tianfan was an executive of Galaxy Bank, Lin Baicheng had to be on guard. Therefore, he asked his sister Lin Shufang to supervise, and the two collaborated to sell the Hutchison Whampoa stocks he held.
Lin Baicheng said to Yuan Tianfan: "Tianfan, please tell me in detail."
"Yes, Mr. Lin!"
Yuan Tianfan responded and said: "You asked us to start selling your stocks after Hutchison Whampoa's stock price was higher than 110 Hong Kong dollars. Hutchison Whampoa's stock price rose with the rise in gold prices due to rumors that the company invested in long gold futures. Hutchison Whampoa's stock price rose above HK$110 for the first time on January 8, and then we started shipping."
"At that time, the price of gold was only about US$600 per ounce. Perhaps investors believed that the valuation of the company's stock was not low. As we started shipping, within a few trading days, the stock price began to fluctuate and fall."
"Fortunately, the price of gold rose rapidly afterwards, Hutchison Whampoa's stock price stabilized and continued to rise, and we also began to continue shipping."
"The company's stock price currently fluctuates around 120 Hong Kong dollars. It cannot rise because we continue to ship goods. There is insufficient upward momentum, so we dare not sell too much every day for fear of crashing the stock price."
"Because Hutchison Whampoa's stock price has not continued to rise, and we dare not sell too much every day, we have only sold more than 11 million shares so far, which is just over one-tenth of the total number of shares you want to reduce. .”
"In my opinion, the reason why this situation occurs is because the company's huge profits from long gold futures are just rumors, which cannot be proven true or false. Now the stock price has risen to around 120 Hong Kong dollars, and there is no definite news to confirm it. , it is basically impossible for it to rise again. On the contrary, after the fluctuation lasts for a long time, it will reverse and fall.”
After Yuan Tianfan finished speaking, he couldn't help but feel a little uneasy. No matter what the reason was, it was a fact that he failed to handle the matter that Lin Baicheng told him. He was not sure whether Lin Baicheng, as the superior, would blame him for his incompetence regardless.
"More than 11 million shares have been sold, which is good."
Lin Baicheng was not dissatisfied after hearing this. He asked Yuan Tianfan to sell when the stock price was higher than 110 Hong Kong dollars, instead of selling after 100 Hong Kong dollars. If the stock price has no room to rise, the stock cannot be sold more, so not much is sold. It has nothing to do with Yuan Tianfan.
"Let me tell you something. It is true that Hutchison Whampoa is investing in long gold futures, and it has indeed made a huge profit this time. Although the long orders have not been all closed, I have estimated that this investment At least Hutchison Whampoa can make a huge profit of HK$7 to 8 billion."
"Earn so much?!"
Lin Shufang exclaimed, she was thinking more. Hutchison Whampoa's long gold futures orders have made so much, so how much should her brother earn from his own gold futures long orders? It should be tens of billions of Hong Kong dollars.
"Congratulations to Mr. Lin! You are so awesome, I don't even know how to describe it. The investment you led this time has made Hutchison Whampoa make a lot of money!"
Yuan Tianfan was not completely flattering him. When he learned that Hutchison Whampoa had made a huge profit of 7 to 8 billion Hong Kong dollars from this investment, he was really impressed. Lin Baicheng's ability in investment can be said to be the most powerful person he has ever seen. .
More importantly, Lin Baicheng also took 200 million US dollars to let Yuan Tianfan operate 2 billion US dollars in long oil prices through Galaxy Bank. During this period, oil prices were also rising. There was also a lot of profit here. Lin Baicheng's investments had never failed. He was overwhelmed with admiration.
Lin Baicheng waved his hand: "Tianfan, there's no need to say flattery."
"Mr. Lin, what I said is true!" Yuan Tianfan said immediately.
Regardless of whether Yuan Tianfan was telling the truth or not, Lin Baicheng was also happy to be flattered by a capable person like Yuan Tianfan. He smiled and changed the topic: "Let's not talk about it anymore. There is only one trading day left this week, but Hutchison's investment will be settled next week at the latest, and the profit will be determined by then."
"I am going to make an announcement when the time comes. I think as the clear profit news spreads, Hutchison Whampoa's stock price will definitely rise again. Then we can take the opportunity to sell the stock. What do you think, Tianfan?"
Yuan Tianfan nodded immediately: "With such a huge positive announcement, Hutchison Whampoa's stock price will inevitably rise sharply, and we can indeed use this to sell the stocks we hold."
Lin Baicheng said: "Then if you think there is no problem, this will be done by then."
Yuan Tianfan responded: "Mr. Lin, I don't have any problems here. When Hutchison's stock price rises sharply, I will be able to sell more stocks every day."
"Well, remember to keep it confidential. I don't want the outside world to hear that I am reducing my stock holdings before I have sold a lot of stocks."
Lin Baicheng reminded aloud that the level of confidentiality here was of course not as high as that of gold futures. Even if the news did get out, the impact on Lin Baicheng would be that he would not be able to secretly reduce his stock holdings at a high level. There are losses, but they are definitely not as big as those with gold futures.
"Don't worry, Mr. Lin, this kind of thing will never happen."
Yuan Tianfan immediately assured that Lin Baicheng had left this matter to him. If the news really spread, even if the news was not spread by him, he would still be responsible, so he would never allow this to happen.
"I hope so."
Lin Baicheng nodded, and then said: "If nothing happens, Tianfan, you can go back to work first."
"Mr. Lin, now that the oil price has risen to nearly US$26 per barrel, do you think it's time to prepare for shipment?"
Thinking that Lin Shufang was the sister of his boss, Yuan Tianfan did not avoid Lin Shufang and asked directly.
"This is not enough. I will give you instructions after the oil price rises to US$30 per barrel."
Lin Baicheng said that he was not as clear about the trend of oil prices as the trend of gold prices, but he knew that the high point of this wave of oil prices was at least 3, which is at least 30 US dollars per barrel. He would wait until the oil price was higher than 30 US dollars per barrel. Shipping is not late.
"Okay, then I'll go back to work in the bank first."
Yuan Tianfan didn't say that oil prices were already very high now. He was right to think so, but he knew that his boss Lin Baicheng was more powerful than him, so he just thought he was being too cautious.
After Yuan Tianfan left, Lin Shufang said to Lin Baicheng: "Brother, how much money can you make from those gold futures you are long in? I'm afraid it's tens of billions of Hong Kong dollars?"
"The exact amount cannot yet be determined, but it is indeed quite a lot. There is still some 20 to 30 billion Hong Kong dollars."
Lin Baicheng didn't hide much from his sister Lin Shufang, because she helped him manage and supervise some accounts, and he couldn't hide it from her at all. Of course you can hide it from her, but if you do this, some operations will be unsupervised, and who knows what might happen.
For such large capital transactions, Lin Baicheng must trust his own people and cannot trust outsiders.
“It’s unbelievable that you made so much money on one investment!”
Lin Shufang was in a daze. This was 20 to 30 billion Hong Kong dollars, a huge amount that she could never believe before.
Lin Baicheng: "It was also luck this time. The price of gold has risen so much. I may not have such good luck in the future."
"This kind of good luck only happens once in a lifetime. What's more, you don't rely on luck, but on your true ability."
Lin Shufang did not think that her brother Lin Baicheng relied on luck to make money. No one would gamble on luck with a principal of 5 to 6 billion Hong Kong dollars. She believed that it was Lin Baicheng who judged that the price of gold would rise, so he chose to invest. However, he may not have really expected that the price of gold would rise so high, so he made a little more.
Lin Baicheng was not as modest as Lin Shufang, but said: "Sister, please remember to supervise me."
"Don't worry, I will supervise you."
Lin Shufang nodded to express her understanding. She would not let others steal a Hong Kong dollar from her brother Lin Baicheng. She had always been very tight on the financial aspect and often conducted cross-surprise inspections. Although this makes some people very unhappy, it is safer and no one dares to do anything.
Afterwards, Lin Baicheng and Lin Shufang chatted about some private topics, including Lin Shufang's marriage.
Soon after, Lin Shufang left, and Lin Baicheng simply stayed at Hutchison Whampoa to work.
After Lin Shufang left, Chen Huixiang handed over the annual reports of companies in Xiangjiang and Japan to Lin Baicheng, but Lin Baicheng did not read them and instead prioritized Hutchison Whampoa's matters. As for the annual report, he planned to read it after he went back in the evening.
When it was almost eleven o'clock, Guo Henian came to Lin Baicheng's office.
"Guo Sheng, are you here today?"
Lin Baicheng invited Guo Henian to sit down on the sofa. He was a little surprised that Guo Henian came to Hutchison Whampoa today. After all, Guo Henian is not a major shareholder of Hutchison Whampoa. Apart from being a director of Hutchison Whampoa, he does not hold any office in Hutchison Whampoa. Therefore, he rarely comes here except for board meetings.
"I know that after Lin Sheng came back, I came here specifically to find you."
Guo Henian smiled and walked over to shake hands with Lin Baicheng, and the two sat down on the sofa.
"Oh? But what's the matter?"
Lin Baicheng couldn't help but raise his eyebrows when he heard this, guessing that Guo Henian came to see him specifically for something.
Guo Henian said: "First of all, we are going to hold a celebration dinner to celebrate our huge investment profits and to thank Lin Sheng for making us rich. I am here to ask on behalf of everyone, Lin Sheng, when are you free, we will Set the time.”
"Tonight or tomorrow or the day after tomorrow is fine."
Lin Baicheng immediately said that although he had planned to read the annual report at night, he would not miss more than one night.
"Then let's set it at night."
Guo Henian set the time out loud, and then said: "As for the location, it's not easy to invite other people to the celebration dinner this time. It's just a few of us, so it won't be at the Hutchison Hotel. We're going to be at Brother Huo's place." Lin Sheng, what do you think about holding a celebration banquet?"
"no problem."
Lin Baicheng didn't object either.
"Lin Sheng, since you have no objection, then this matter has been settled."
After saying that, seeing that Lin Baicheng had no objection, Guo Henian turned around and said, "I have a personal matter that I want to inform you about, Lin Sheng, to avoid any misunderstanding."
"Guo Sheng, tell me."
Lin Baicheng signaled.
Guo Henian said: "It's like this. I have a loan that is about to expire and I need to pay it back to the bank. But I don't have that much liquid cash at the moment, so I plan to sell part of the Hutchison Whampoa shares to raise funds." In fact, He has already begun to sell some, but the amount he wants to reduce has not yet been sold out.
"The stocks belong to you, Guo Sheng. If you want to reduce your holdings, you can decide on your own without having to tell me specifically."
After hearing this, Lin Baicheng guessed that Guo Henian also wanted to reduce his holdings at a high level, rather than lack of funds. It's just that if you don't tell the truth, there's no point in exposing it.
"I just want to sell part of it, and I'm worried that Lin Sheng will overthink it and cause unnecessary misunderstandings, so I'll let you know."
Guo Henian explained that he did not want to lose his identity as a director of Hutchison Whampoa, and he did not want to cause Lin Baicheng's dissatisfaction by reducing his shareholding, causing the two to not be friends. Watsons has been a great help to the companies under his name. Lin Baicheng has brought him to make a fortune many times, and it is likely that he will do so again in the future, so he specially found an excuse as an explanation.
"No, there can be any misunderstanding. Guo Sheng, you are overthinking it."
Lin Baicheng smiled and waved his hand. Although he said that, he was still very satisfied with Guo Henian's respect for him.
Apart from these two things, Guo Henian had nothing else to do, so after chatting with Lin Baicheng for a while, he said goodbye and left. Lin Baicheng sent him out of the office.
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