Reborn as a tycoon in Hong Kong
Chapter 633: Gold prices turn lower, everyone takes action (two-in-one)
Hong Kong Kai Tak International Airport.
Lin Baicheng came to the airport to see someone off on Thursday morning. Phil Smith, Logan Rockefeller, and Claude Rockefeller were preparing to return to the United States together this morning.
Yesterday afternoon, Claude Rockefeller had signed a financing contract with Changsheng Medical and Biological Company and officially became a small shareholder of the company. Now that the matter is done, he will naturally return to the United States.
As for Phil Smith and Logan Rockefeller, if they hadn't waited for Claude Rockefeller to go back together, they would have gone back to the United States yesterday. They have no official business to be busy with in Xiangjiang. On the contrary, the United States needs them to get back to work.
Also coming to see him off was Mineryu Iwasaki. His investment in gold futures has ended, and he will not go to the United States again if he has nothing to do. He now works here in Xiangjiang. If he has nothing else to do, he stays here most of the time.
As for Wade Thomas, he has not left Xiangjiang yet. He will stay in Xiangjiang for a few days. He was sent to Galaxy Game Company for inspection and research. Goldman Sachs asked him to write a detailed research report on Galaxy Game Company.
Because the plane had not taken off yet, Lin Baicheng and others were waiting among the VIPs, drinking tea and chatting.
Phil Smith asked Lin Baicheng: "Alan, when are you going to the United States next time?"
"If there are no major emergencies in my business there, I should go there in half a month. The specific time is to be determined. My sister will get married in another half month, and I will definitely stay to attend her wedding."
Lin Baicheng said that Lin Shufang and Cheng Yufeng's wedding date is March 6, and today is February 21, so there is only half a month left.
Phil Smith nodded: "That's too late. Don't forget to attend my and Anna's wedding then."
"Don't worry, I won't forget it."
Lin Baicheng smiled and patted Phil Smith on the shoulder. The date of Phil Smith's wedding to Anna Nord was Friday, March 21st. There was half a month between his sister's wedding, unless something happened here in Xiangjiang. Important events prevented Lin Baicheng from leaving, otherwise he would definitely attend Phil Smith's wedding. Lin Baicheng happened to have something to do around that time.
"But Smith, I still say what I said. If there is a major emergency, I won't be able to participate. Don't blame me."
"If that's the case, I definitely won't blame you Alan."
Phil Smith nodded to express his understanding. Lin Baicheng had so many businesses. If something major happened, he would not be able to ask the other party to put aside what they were dealing with and attend his wedding. That would be completely forcing someone into a difficult situation.
"Alan, what price do you think the gold price will fall to this time?"
Several people turned to chatting about other things, and Claure Rockefeller suddenly asked.
"Now that we talk about this topic, Iwasaki-kun will probably die of sadness."
Lin Baicheng looked at Iwasaki Mineryu after hearing this, because the international gold price finally collapsed during the day on Wednesday, New York time, and turned from rising to falling.
The international gold price broke through the US$900/ounce price before 11 a.m. on Wednesday in New York, rising to a maximum of US$910.85/ounce. Then it took only a few seconds to dive below the US$900/ounce price, and then continued to plummet.
The gold price closed with a sharp drop of 5.12% that day, closing a negative line with a long upper shadow. Due to the time difference, the news about the gold price turning from rise to fall will not be known until after 11 o'clock in the evening in Xiangjiang, and the gold price trend will not be known until after midnight. Falling news.
However, Lin Baicheng learned the news this morning. His operations in gold futures were only Hutchison Whampoa's $800 million short order, which was not very large, so his subordinates did not need to report the news to him overnight.
The price of gold turned from rising to falling, and still fell sharply. Although there is still the possibility that the price of gold will fluctuate or rise due to resistance from the short side, this possibility is too low, because the price of gold has risen so much before, and once it falls sharply, it can only be The shorts are working hard, and the bulls simply cannot resist, so the price of gold is more likely to continue to plummet.
In this case, Iwasaki Mineryu, who had previously shorted but surrendered and left the market, would have suffered a huge loss. If the gold price continued to plummet later, he would not only have failed to make a big profit, but would have left the market with a loss. He would not be depressed and vomited blood. That's weird.
That's why Lin Baicheng said that Iwasaki Mineryu would be heartbroken to death when he mentioned this topic.
"It doesn't matter. Just say it, Mr. Lin. I can bear it."
Iwasaki Mineryu forced a smile. Although he was sad, angry, and depressed when he learned the news in the morning, he still couldn't calm down when he thought about it now. He could only pretend to accept it in front of Lin Baicheng and others.
"Oh, things have happened. Iwasaki-kun, you should be more open-minded."
Seeing this, Lin Baicheng comforted Iwasaki Mineryu, and then said: "I can't judge to what price the gold price can fall, but judging from the huge increase in the gold price before, I think there will be no problem if it falls below 600 US dollars per ounce. However, Well, I am not shorting myself, I just opened a short position with Hutchison Whampoa, so I am going to look lower. If the gold price does not fall below 500 US dollars per ounce, I will not close the short position and keep holding it. Maybe the gold price The price can drop to a lower level in half a year or a year.”
Because the amount of short-selling funds was small, Lin Baicheng was not worried that his small amount of funds would be blocked by Wall Street institutions, so he truthfully stated his judgment.
If Lin Baicheng secretly had funds for short selling at this moment, he would definitely not express his thoughts so honestly. He would have to be careful about Claude Rockefeller. After all, the other party is the Rockefeller family and must be connected with other capital in the United States. He would want to Be careful of his funds being blocked.
With Hutchison Whampoa's small amount of short-selling funds, Lin Baicheng is not worried about being blocked. What's more, he does not hold 100% of Hutchison Whampoa's shares. Now he doesn't even have 40% of the shares. He is still worried. What.
Logan Rockefeller agreed: "The price of gold has indeed risen a lot in the past. The higher it rose before, the harder it will fall next."
Claure Rockefeller also said: "The possibility of a sharp fall in gold prices is still relatively high."
Iwasaki Mineryu was thinking about one thing at the moment, that is, since the price of gold will plummet next, he can enter the market and go short, at least making some money to soothe his heart.
However, it is hard to say whether short selling can be successful when entering the market at this time. Other capitals are not fools. When the price of gold plummets, there are very few capitals that open long orders and short shorts to compete with rivals. Even if there are, there must be many short-selling institutions waiting. It is difficult to grab when there is too much money and too little meat.
Of course, as the price of gold continues to fall, more funds will surely boldly choose to give it a go and bet on a long-term rebound. However, the risk of being on the short side of the opponent's market will increase at this time, because the rebound after the big drop will is very likely to occur.
He thought about entering the market and making a profit by going short, but Mineryu Iwasaki did not express his thoughts, because he had shorted before and left the market, and now he would enter the market to go short again. It would be fine if he made money later, but if he suffered losses again, He will definitely be teased, thought to be incompetent, and looked down upon, which is not what he wants.
If you really want to say it, you have to wait until you make money to say it.
Soon after, the sound of the airport prompting that the flight was about to take off was heard. The five people ended their chat, and Phil Smith and the other three checked in and boarded the plane.
Lin Baicheng and Iwasaki Mineryu also separated after leaving the airport. They each had their own places to go.
…
Jardine Matheson.
"Chairman, we have found out that it was Li Jiacheng of Cangjiang Industrial who entrusted HSBC to acquire the group's shares in the telephone company. I also found out that Cangjiang Industrial received a loan of HK$600 million from HSBC a while ago."
The secretary reported to Henry Kaiser that Jardine Matheson was still very strong and had many cooperations with HSBC, so it was not difficult to get information from HSBC.
"A loan of HK$600 million? Li Jiacheng is planning to acquire a telephone company."
After hearing this, Henry Caesar immediately made a judgment. With the telephone company's current market value of less than 1.1 billion Hong Kong dollars, Cangjiang Industrial's loan to 600 million Hong Kong dollars, plus Cangjiang Industrial's own cash flow, is indeed enough to acquire the telephone company. .
It is not necessary to acquire 100% of the shares of the telephone company. It is enough to acquire close to 50% of the shares. It can even be said that 40% of the shares are enough to gain control of the telephone company.
"Have someone check to see if there was any major change in the phone company's stock price yesterday, or if there was any abnormality in the trading volume."
"I have had someone check it. The stock price of the telephone company fell yesterday, but not significantly. The trading volume has increased, but it is not yet possible to determine whether there is anything abnormal."
The secretary replied that secretaries who really know how to do things usually make preparations before the boss even gives instructions.
"Let people observe whether there is a large amount of funds buying shares of telephone companies from the stock market in the past two days."
Henry Kasik nodded with satisfaction, and then gave instructions. He wanted to know if Li Jiacheng had started to acquire shares of the telephone company from the stock market.
"Yes, Chairman."
The secretary responded.
After thinking for a while, Henry Kaesik added: "Please inform all directors that the company will hold a board meeting at three o'clock tomorrow afternoon to discuss the acquisition of the telephone company. I hope the board of directors can pass the proposal to acquire the telephone company tomorrow."
Henry Kaiser decided to speed up the acquisition of the telephone company. However, although the Kaiser family was the majority shareholder of Jardine Matheson and had been controlling Jardine Matheson for several generations, the Kaiser family did not hold more than half of the shares of Jardine Matheson. Therefore, this kind of acquisition involving at least hundreds of millions of Hong Kong dollars will definitely be approved by the board of directors.
However, this kind of board of directors is usually just a formality. The Caesars family's control of Jardine Matheson is not just lip service. Most of the boards of directors are on the side of the Caesars family, unless Jardine Matheson has a huge situation under the control of the Caesars family. If the company loses money, it will continue to decline, otherwise all directors will support the Cesarke family.
The secretary responded: "Okay, I will notify all directors shortly."
"Let the finance department prepare an evaluation report on the acquisition of the telephone company. I want to know at what price range the acquisition of the telephone company is most suitable."
"Also, to conduct a more detailed investigation of the telephone company, it would be best to get in touch with the management of the telephone company and find a way to get the management to side with us."
"I almost forgot. Li Jiacheng will definitely not give up easily when investigating a Cangjiang Industrial. Let's see if he can cause some trouble for Cangjiang Industrial."
Henry Kasik spoke out and said that although the board of directors had not yet approved the acquisition proposal for the telephone company, in his opinion there would be no surprises, so he had already begun to make advance preparations for the acquisition of the telephone company.
"Yes, Chairman!"
The secretary took notes to prevent himself from forgetting. After Henry Kasik finished speaking, he said: "Chairman, about the funds to acquire the telephone company?"
The reason why he asked this was because the secretary knew that Jardine Matheson did not have much cash now and needed to find another way to fund the acquisition of the telephone company.
"Don't worry about the funds. I will arrange it when the time comes."
Although Jardine Matheson does not have much cash in its account, Jardine Matheson has many subsidiaries. By transferring a little from each subsidiary, less than one billion Hong Kong dollars can still be collected.
Besides, if it really doesn't work, you can still find a bank loan. Henry Kasik is not worried at all that HSBC will not give Jardine Matheson a loan. Even if HSBC doesn't approve the loan, there is still Standard Chartered Bank.
Henry Caesar made arrangements for the acquisition of the telephone company, so Cangjiang Industrial and Li Jiacheng themselves would naturally not do nothing.
Cangjiang Industrial purchased the shares of the telephone company from the stock market. In order not to raise the stock price of the telephone company too high, Cangjiang Industrial shorted and sold the stocks while simultaneously purchasing and buying the stocks. It was just that it bought more shares than it sold. .
Lin Baicheng learned from Qin Lan yesterday that there were funds investing in the telephone company's stock, and he was buying it while suppressing the stock price. He immediately asked Qin Lan to arrange for someone to buy a small amount of stock, and not to alarm the other party for the time being to buy time.
Cangjiang Industrial started from the stock market, and Li Jiacheng himself started to contact the small shareholders of the telephone company through his contacts at HSBC, and planned to purchase some shares of the telephone company from the small shareholders at a premium. The acquisition here was made using his own funds.
Qin Lan was in charge of the acquisition of the telephone company, and of course she was not without action. She also arranged for people to contact the small shareholders of the telephone company, and also purchased the shares from the small shareholders at a premium.
At present, the news that Lin Baicheng intends to acquire the telephone company has not been leaked. What Qin Lan has to do is to acquire as many shares of the telephone company as possible before the news leaks, and strive to let Lin Baicheng hold 35% of the shares of the telephone company. By then, the acquisition will be open to the public. There won't be any big changes.
All parties are taking action, now it depends on who is faster.
Lin Baicheng definitely has the advantage at present, because his current shareholding ratio in the telephone company is close to 30%, and he is already the largest shareholder of the telephone company.
However, it is true that Lin Baicheng is the largest shareholder, but this does not mean that he will definitely be able to acquire the phone company. If the current controlling party of the telephone company and Jardine Matheson join forces, the shareholding of the two parties can reach 30%, surpassing Lin Baicheng. With the relationship between the controlling party and small shareholders, it is entirely possible to increase the shareholding to 40% before Lin Baicheng. % or more, leaving Lin Baicheng in vain.
Therefore, before the winner is determined, Lin Baicheng must be careful in acquiring the telephone company and do the acquisition work carefully.
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