Reborn as a tycoon in Hong Kong
Chapter 699 A sure win, dialogue (two in one)
Galaxy Games, Inc., Board of Directors.
"Due to the ban on sales on the Bay Island side, the company's arcade machines will no longer be able to enter the Bay Island market. Fortunately, the market on the Bay Island side accounts for a lower proportion of the company's revenue and profits, and will have little impact on the company's performance."
"The purpose of convening the board of directors today is to explain this matter. The ban on sales of Bay Island will definitely not affect the company's performance this year. Shareholders can rest assured."
When he arrived at Galaxy Games in the afternoon, Lin Baicheng found time to hold a board meeting and briefly explained the fact that the company's products were banned from being sold in Bay Island.
Because the Bay Island market has little impact on the company's performance, Lin Baicheng doesn't need to make a big splash, just mention it briefly.
Three of Galaxy Games' board seats are occupied by Wall Street, but Lin Baicheng controls five board seats, and one is a hired consultant who has nothing to do with Lin Baicheng or Wall Street. He provides suggestions for the company's development from a polite standpoint.
The company's products were banned by Wandao. Although it was related to Lin Baicheng, the ban on Wandao had little impact on the company's performance, so the directors sent by Wall Street did not attack Lin Baicheng on this matter.
"Also, the company's products are banned in Bay Island, so those merchants who purchased our products may return the products to the company. We need to handle this matter."
"If a merchant chooses to return the products, the company's products sold this year and last year will definitely have to be returned. As for the earlier years of 1978 and 1977, it will be up to the management to discuss whether to agree to returns."
"Also, the return price for merchants must be discussed. It is impossible to return the original price to the purchaser at the original selling price. The return price must be a price that both parties can be satisfied with."
Although Galaxy Games does not have to return goods to merchants because the original contract did not stipulate relevant terms, for the sake of the company's reputation, the company must return goods to buyers, and this cannot affect the company's reputation.
Charlie Yuan is the president of the company and one of its directors. He nodded in agreement and said he would handle the matter well.
After the board meeting, Lin Baicheng asked three directors representing Goldman Sachs and other Wall Street shareholders to stay and communicate with them about the reduction of shares held by Goldman Sachs and other institutions.
Galaxy Games was listed on October 29, 1979, with a sales restriction period of half a year, which means that the sales restriction will not expire until April 29, which basically means that the reduction of shares can only begin in May.
Lin Baicheng has made an agreement with Goldman Sachs and other institutions that he will not reduce his holdings after the sales limit expires. Therefore, Goldman Sachs and other institutions can reduce their holdings at any time after the sales limit expires. The company will try its best to cooperate with Wall Street and release favorable news in a timely manner. or negative announcements.
Of course, this cooperation is not unlimited, especially for negative news. Negative news that has a significant impact on the company's operations will not be released, and there is also a time limit. It is impossible to cooperate with Wall Street within half a year or even a year.
After some discussions, Lin Baicheng agreed to let the company cooperate with Wall Street in reducing its shareholdings within three months. However, if Wall Street has not completed the reduction task after three months, it has nothing to do with Lin Baicheng.
Cooperating with Wall Street to reduce its shareholdings has no advantages or disadvantages for Lin Baicheng himself. Those who take over the high positions are retail investors, which will have a slight impact on the company itself. Fortunately, the impact is not very big, so Lin Baicheng can accept it.
The reason why Lin Baicheng agreed to cooperate with Wall Street was because he knew that if his company in the United States wanted to be listed, it must have a good relationship with Wall Street. Otherwise, it would be very difficult for Wall Street to build a listed company.
As for not allowing companies in the United States to go public, Lin Baicheng has never thought about it. Very profitable companies will definitely be targeted by Wall Street. If companies are not allowed to go public and share the cake with Wall Street, then there is no way to make money in the United States. So not going public is simply not feasible.
at dusk.
Lin Baicheng, who is still at Galaxy Games, learned from Chen Huixiang that after the stock market closed today, the stock prices of Hutchison Whampoa, Hong Kong Electric Group and Telephone Company all fell. Except for Hutchison Whampoa, which only fell by more than four points, the other two Each company's decline reached more than seven points, and the intraday amplitude was even greater.
Hutchison Whampoa's decline is relatively small, which is normal, because Hutchison Whampoa's previous total market value was as high as more than 40 billion Hong Kong dollars, and the combined market value of Hong Kong Electric Group and Telephone Company was only 10% of Hutchison Whampoa's. About one.
The larger the volume, the more difficult it is to fall or rise.
After today's decline, Hutchison Whampoa closed at HK$94.3. The company's total market value is around HK$41.5 billion, and its total market value is still above HK$40 billion.
However, according to the current trend, if there is no good news, it is very likely that Hutchison Whampoa's stock price will continue to fall tomorrow. As long as it falls by another 4%, the company's total market value will fall below HK$40 billion. .
Lin Baicheng is mentally prepared for the decline in the stock prices of the three listed companies, and the current decline in the stock prices of the three companies has not reached his bottom line, so he will not intervene, let alone increase his holdings.
Lin Baicheng was more concerned about another matter, so he asked Chen Huixiang: "Has the short side's funds for shorting these three companies increased much today?"
Chen Huixiang said: "There has been an increase, but not much. The specific amount cannot be calculated accurately. We can only give an estimated figure, about HK$500 million, of which Hutchison Whampoa accounts for the vast majority."
"The amount of funds has not increased much. Could it be that Yingzi has behaved this time?"
Lin Baicheng was a little confused. He thought that after the ban on Bay Island was expanded, the British capital would take the opportunity to use more funds to short-sell the listed companies under Lin Baicheng's name so as to make a fortune. Unexpectedly, the British capital did not do so this time.
There is no huge amount of short-selling funds. Even if British capital participates in short-selling this time, there will not be too many short-selling funds.
"Could it be that the British capital has some other conspiracy?" Chen Huixiang couldn't help but wonder.
"Not impossible."
Lin Baicheng and Yingzi currently have no intention of reconciliation, so he knows very well that whenever there is an opportunity, Yingzi will definitely not mind messing with him. If he can mess with him and make a fortune at the same time, that would be even better, and Yingzi will not miss it. possible.
"However, now that Bay Island has expanded the scope of the ban, even if it continues to expand the scope later, it will not make much sense. If the British capital does not increase the amount of short selling now, what are they waiting for?"
Chen Huixiang thoughtfully said: "Mr. Lin, do you think they are waiting for you to leave Hong Kong? After you went to the mainland, British capital increased their short-selling funds and exposed news that was unfavorable to listed companies. Taking advantage of your short Time cannot go back to Hong Kong to suppress the stock prices of listed companies to achieve their goals."
"When you put it like that, it's really not impossible."
Lin Baicheng couldn't help but nodded after hearing this. It was really possible for the British capital to make a surprise attack while he was away from Hong Kong. Although there was currently no negative news about Hutchison Whampoa, Hong Kong Electric Group and the telephone company, with the energy of the British capital, if they wanted to concoct It is not difficult to get relevant negative news, not to mention that Lin Baicheng is currently being banned by Bay Island.
At times like these, any negative news is likely to be amplified.
Furthermore, Lin Baicheng was banned by the Bay Island because he sided with the mainland. In the eyes of the 'rightists', he was a proper 'leftist' person. If the British capital approached the 'rightists', many people would definitely not mind helping.
In other words, the British capital can use more energy, but it will not be so easy for Lin Baicheng to deal with it when he is in the mainland.
"Fortunately, no matter what, I will definitely win."
Lin Baicheng secretly thought in his heart that he had already told his sister Lin Shufang that during the period when he left Hong Kong, if the stock prices of Hutchison Whampoa, Hong Kong Electric Group and the telephone company fell to a certain level, he would use the reduction of Hutchison Whampoa shares to obtain profits. used cash to increase its holdings in three companies.
Although Lin Baicheng's shares in the Hong Kong Electric Group and the telephone company are more than 40%, it doesn't matter. If he can buy a sufficient number of shares, Lin Baicheng would not mind launching a comprehensive acquisition to privatize the Hong Kong Electric Group and the telephone company.
Lin Baicheng, who has a lot of cash, can increase his holdings after the stock price of a listed company falls to his psychological price, so a fall in the stock price is not a bad thing for him.
Therefore, no matter what the British capital was prepared to do, Lin Baicheng felt that he would definitely win.
If the British capital only shorted a small amount and the stock prices of the three listed companies fell slightly, it would be fine. Anyway, it is normal for the stock prices to rise and fall, and Lin Baicheng had no losses; if the British capital spent a large amount of money on short selling, or even concocted negative news that was bad, leading to related The company's stock price plummeted, so Lin Baicheng increased his holdings and purchased shares at a certain price, and he also suffered no loss.
"Xiao Chen, you are going to Peking with me the day after tomorrow. Remember to arrange for someone to keep an eye on you and report to me at any time."
Lin Baicheng told Chen Huixiang that although he had already explained it to his sister Lin Shufang, only he and his sister knew about the repurchase of shares at a certain price. Neither the secretariat nor the private secretary knew about it yet. He wasn't going to tell them in advance.
If the secretariat or private secretary knew about this in advance, then they would know that the stock prices of the three listed companies would not fall sharply. If this kind of information is used well, huge profits can be made from it. No one can guarantee that someone will Sell the news to others or profit from it by trading stocks yourself.
Human nature cannot stand the test. When the interests reach a certain level, anyone may betray him. Therefore, Lin Baicheng will not test human nature. This is good for everyone.
"Okay, Mr. Lin, when I contact the Secretariat, I will remind them to pay special attention to this matter."
Chen Huixiang agreed. This time she would follow the big boss to Peking. While she was curious about the unfamiliar mainland, she was inevitably a little nervous. After all, Xiangjiang had demonized that place for many years.
Of course, Chen Huixiang knew that this was not the first time her boss had been there, so there was a high probability that nothing would happen.
What's more, when the big boss asked her to go with him, there was no way Chen Huixiang could refuse. She couldn't let herself lose points in the big boss's heart just because of some worries in her heart.
The reason why Lin Baicheng took Chen Huixiang to the mainland with him this time was because a lot of things had happened recently. He was worried about chaos in the company in Xiangjiang, so he needed to bring someone there to keep in touch with Xiangjiang, so that he could contact him as soon as possible if anything happened. He reports.
The next day was Lin Baicheng's last day before leaving Xiangjiang.
The stock prices of the three listed companies continued to fall, but not by much, so Lin Baicheng didn't take it to heart.
However, after Lin Baicheng's interview was fermented yesterday, the Bay Island side did not take any further action because of his interview. It neither expanded restrictions nor lifted certain restrictions. It was very calm.
In the evening, Lin Baicheng contacted Wanbei and called Qin Lan and Huang Xizhao back. Especially Qin Lan, when Lin Baicheng went to the mainland, he needed Qin Lan to be in charge here in Xiangjiang.
The Bay Island side is a foregone conclusion. There is no need for senior managers to waste time there. Unblocking public relations cannot be accomplished in a short time. In the future, we can find someone to do this. This will be a long-term task.
Because he was leaving Xiangjiang tomorrow, Lin Baicheng planned to rest at home that night.
"Son, I heard that you have lost a lot because of your going to the mainland."
Although Lin's father, Lin Haishan, didn't pay much attention to his son Lin Baicheng's business, this matter was widely reported by the media, and it was difficult for him not to know about it.
Lin Baicheng smiled: "It's okay, it's not too much."
"We've already lost billions, but that's not much."
Father Lin said angrily, let alone billions of Hong Kong dollars, even if it was hundreds of millions or even tens of millions of Hong Kong dollars, it was still a large sum that he could not imagine before.
"It's not that much. Dad, have you included the losses in the stock market?"
Lin Baicheng was a little confused at first, but then he understood.
"The stock price has fallen, and the value of the stock in your hand has been lost by more than 2 billion. What is this if not money?"
Lin's father did not know that Lin Baicheng had reduced his holdings of a large number of Hutchison Whampoa shares. He thought that Lin Baicheng held nearly half of Hutchison Whampoa's shares, so the value of the stock's decline was so much.
In fact, the book losses of stocks, the three companies combined, Lin Baicheng lost more than one billion Hong Kong dollars, but for most people, there is actually no difference between one billion Hong Kong dollars and more than two billion Hong Kong dollars.
Lin Baicheng comforted him: "Dad, don't worry, don't think too much about the gossip outside, I know it well."
"I don't object to your getting close to the mainland, but if it affects your career and wealth, I think you still need to think about it carefully. We, the Lin family, only started to thrive after you came here, and we can't be beaten back to the past. Your wealth must be passed down and let our old Lin family become a wealthy family in Hong Kong!"
Father Lin is a native of Xiangjiang. At least his grandparents have been making a living in Xiangjiang. Therefore, he cannot talk about the word "patriotism" towards the mainland. The reason why he can not reject it is because Lin's mother is from the mainland.
Lin's father does not object to his son's approach to the mainland, but only if it does not affect his son's career and the wealth passed on to his descendants.
"Dad, don't worry, I know what's going on. Just trust me, your son."
Lin Baicheng didn't think there was anything wrong with what Father Lin said. After all, Father Lin was doing it for his own good.
"Oh, I hope you really know what's going on."
Father Lin sighed and said no more. After all, the money was earned by his son, and the current loss should not be too great. His son was not about to go bankrupt, so he only needed to remind him, not to force him. Degree.
Lin Baicheng was not prepared to say too much. Father Lin was not a businessman, and his knowledge and vision were limited. All he had to do was let him know that his son's career and wealth had always been prosperous.
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