Reborn as a tycoon in Hong Kong

The trading volume of Wharf that day exceeded HK$200 million, which was huge.

With such a huge trading volume, it is difficult not to attract attention.

New Bijian of Jardine Matheson also noticed the changes in the stock market. The huge trading volume made him worried that Wharf's shares were concentrated in a few people, thus threatening Jardine's controlling interest. Therefore, Newbie Kin asked people to pay close attention to Wharf's stock price in the next period of time.

The next day is the last trading day of the week.

The huge fluctuations in Wharf yesterday brought great attention to this stock today, and the stock rose as soon as the stock market opened.

However, yesterday's roller coaster made many people worry, so when the stock price exceeded 15 Hong Kong dollars, fewer institutions and retail investors participated.

Lin Baicheng, who listened to Anyuan's report yesterday, told Anyuan not to buy stocks anymore. But once the stock price exceeded 20 Hong Kong dollars, he would try his best to suppress the stock price and throw away all the stocks in his hands.

According to Anyuan's analysis, yesterday's huge support at HK$23 should have been done by another acquirer, and Lin Baicheng knew that it should have been done by Li Jiacheng.

With such a large trading volume yesterday, Lin Baicheng knew that Wharf had attracted the attention of Jardine Matheson. It would be impossible for him to secretly acquire a large number of Wharf shares. Therefore, as long as the stock price was above 20 Hong Kong dollars, he did not mind selling it. All shares.

Either all the shares bought by Lin Baicheng were bought by someone for more than HK$20, or Lin Baicheng suppressed the stock price and looked for opportunities to acquire Wharf later.

Lin Baicheng did not have to acquire Wharf. He acquired Wharf to make money. However, if the cost was too high, he would not mind slowing down the acquisition or even not acquiring it. He could just make a profit from the stock market.

Therefore, the acquisition in early trading today has always been done by Li Jiacheng. He is optimistic about the share price of Wharf, not to mention that the cost price of his 100 million Hong Kong dollars is nearly 23 Hong Kong dollars. He must take advantage of the low stock price to spread the cost. .

It's a pity that Lin Baicheng insisted on selling the market, and Li Jiacheng's funds could not handle all the selling orders. In the end, the stock price still turned downward, and it fell very quickly because it could not hold up.

Although Anyuan stopped asking people to sell stocks after the stock price fell below 20 Hong Kong dollars, institutional traders and retail investors became the main force of selling, and everyone wanted to run away.

After that, the stock price was a game between some institutions and retail investors. It fell and rose, but overall it was still mainly falling. The closing stock price fell to 12.5 Hong Kong dollars that day, which was a considerable drop.

Li Jiacheng spent all the remaining 100 million Hong Kong dollars on this day, raising the cost price to about 21 Hong Kong dollars. Judging from the current stock price alone, he lost about 80 million Hong Kong dollars, but he was optimistic about Wharf's stock price. As long as he did not sell the stock, the so-called loss was just a loss on paper.

Li Jiacheng now holds more than 9 million shares of Wharf, accounting for a little more than 10% of the total share capital. For a moment, he wanted to raise more funds to acquire Wharf, but later he gave up after thinking about it.

Although the holdings of more than 10% are quite large, there is still a gap compared with Jardine Matheson. Now the fluctuation of Wharf's stock price has attracted the attention of Jardine Matheson. If he continues to buy stocks on a large scale, it will inevitably drive up the stock price and cause Jardine Matheson. He Yangxing's counterattack, with his capital, there is a high probability that he will not be able to defeat Jardine Matheson.

Li Jiacheng is not a gambler, and he doesn't feel that he has lost now. The stock has lost money, but he believes that Wharf's stock price will rise. Don't be afraid if it doesn't go up. After a year or two, he can buy Wharf stocks again and acquire Wharf secretly. This would be better.

Li Jiacheng lost money, but Lin Baicheng made a lot of money on Wharf.

Before selling a large number of stocks, Lin Baicheng held about 19.5 million Wharf stocks. The highest reduction price was nearly 26 Hong Kong dollars. The most shares were reduced around the two prices of 23 Hong Kong dollars and 20 Hong Kong dollars. Most of them were sold by Li Jiacheng bought it.

After two shareholding reductions that suppressed the stock price, Lin Baicheng only had about 8.5 million Wharf shares left in his hands, accounting for less than 10% of the total share capital, and the number of shares held was smaller than Li Jiacheng's.

However, Lin Baicheng made money. The 11 million shares he sold were sold for a total of HK$225 million. However, he previously bought 19.5 million shares for only HK$250 million. This means that he only spent more than HK$20 million to buy 850 shares. Ten thousand shares of Wharf stock.

Even if we only calculate based on Wharf's closing price of 12.5 Hong Kong dollars today, Lin Baicheng can still earn 80 million Hong Kong dollars, which is almost the same as Li Jiacheng's loss.

However, Lin Baicheng will definitely not sell the remaining stocks at a price of 12.5 Hong Kong dollars, and Li Jiacheng will not cut off his flesh and blood at a loss of 80 million. Both are optimistic about Wharf's stock price. At this point, they are Consistent.

Lin Baicheng, who lives in the United States, knew that he would not be able to acquire Wharf in the short term after learning about the situation in Xiangjiang. However, he did not stop loan negotiations with Goldman Sachs. But now he is not so anxious and does not need to get the loan funds immediately, so he does not need to consider some conditions.

Although Lin Baicheng can use more than 300 million Hong Kong dollars in funds due to the sale of part of his stocks, the more money, the better. He does not mind borrowing money from banks and using the money from bank loans to develop and expand himself.

Although the interest rates on bank loans in this era are very high, no matter how high they are, they are not as much as Lin Baicheng earns. Lin Baicheng still has this confidence.

If the money Lin Baicheng earns every year can't even beat the bank interest, then he doesn't have to hang around anymore, and it will be a waste of time for him to be reborn.

Without the pressure of demand, Lin Baicheng became more comfortable in the subsequent negotiations with Goldman Sachs, and only discussed the loans that could be obtained by pledging shares of Galaxy Games.

Galaxy Game Company, this company has brought Lin Baicheng more than 100 million US dollars in profits. However, the company's profit data is confidential and cannot be disclosed. Therefore, Goldman Sachs calculates it based on 20% of the industry profit of revenue, and then uses a majority The industry’s price-to-earnings ratio is 10 times to calculate the valuation.

Previously, Lin Baicheng wanted to obtain loan funds faster and preferably more loan funds, so he was not satisfied with Goldman Sachs' calculation method. It doesn't matter now. It's just a loan anyway, not Goldman Sachs taking a stake or listing the company. It doesn't matter if the valuation is considered low.

Although the loan was obtained by pledging shares, as long as Lin Baicheng repays the interest in time each year, the company's shares will still belong to him and has nothing to do with Goldman Sachs.

Galaxy Games' revenue so far is about US$160 million. Goldman Sachs predicts that the company's profit is US$32 million, and a valuation of ten times the price-earnings ratio is US$320 million. Then, because both of the company's games sold well, and there is still room for sales in the future, plus the premium that belongs to a good company, etc., Galaxy Games was finally valued at US$400 million.

Lin Baicheng mortgaged 25% of Galaxy Games shares and obtained a loan of US$100 million from Goldman Sachs. The loan period was three years and the annual interest was 9%. Three years is 27% interest.

Yes, the bank's loan interest is so high. If the profit of this US$100 million loan cannot exceed 30% within three years, it will be a loss.

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