Reborn as a tycoon in Hong Kong
Chapter 848: Give up Chen Songqing, Bao Jianing (two-in-one)
Peninsula Hotel.
Shen Zhou and others gathered together again.
The atmosphere this time was a bit solemn, and everyone looked ugly.
After a while, it was Shi Yadi Shihuaiya who broke the calm: "Everyone, let's talk. It's not a problem to remain silent like this."
"Tell me? What else can you say?"
Henry Kaesik shook his head and glanced at Shen Chow.
Michael Kadoorie said faintly: "At today's closing, the market value of Carinone Group is only HK$620 million, which is almost halved. Compared with the market value when we bought it, only about 23% remains, a quarter of it. None left.”
Today, the share price of Jianing Group has fallen sharply again, with a drop of almost 47%, which is basically equivalent to being cut in half.
But to say that the people who have suffered the most are the British people who have taken over the business in high positions.
Hutchison Whampoa sold its shares to them with a total market value of HK$2.7 billion, which is not much different from the total market value of more than 2.9 billion at the peak of Carinone Group. They basically bought at the highest point.
The key is that they did not sell their shares during yesterday's rebound. For them, a rebound equals no rebound.
The one that suffered the most was HSBC, not only because HSBC held the most shares, but also because HSBC spent money yesterday to maintain the stock price, and now that money is trapped in it, and it will basically lose half of the money when it comes out.
Although they did not lose as much as HSBC, Schiadie Schweizer, Henry Kasik, and Michael Kadoorie did not sympathize with HSBC. On the contrary, they were very angry. Although they listened to Shen Chow's suggestion and saw that he Investing in the Jia Ning Group on behalf of others. If it hadn't been for Shen Porridge's recommendation, they wouldn't have invested in Jianing Group for Shen Porridge's sake, and they wouldn't have suffered the current losses.
"Three, that's what I think."
Shen Porridge knew what he had to say, and when he came this time, he was ready to say it.
Shi Yadi Shihuai Ya, Henry Kasik, and Michael Kadoorie immediately looked at Shen Zhou, ready to hear what he had to say.
Upon seeing this, Shen Zong said to the three of them: "Now Chen Songqing has been taken back to the Commercial Crime Investigation Bureau. The police department is more tough this time, saying that Chen Songqing is involved in a larger case and that Chen Songqing should be retained in the Commercial Crime Investigation Bureau to cooperate with the investigation. .Although we can use our connections to get Chen Songqing out, it is obviously not cost-effective to do so now."
"So, just ignore Chen Songqing?"
Shi Yadi Shi Huaiya was a little surprised. He thought Shen Zhou would protect Chen Songqing to the death.
"Well, leave him alone."
Shen Porridge nodded: "What we have to do now is how to keep the Jianing Group and prevent the Jianing Group shares in our hands from becoming worthless."
"What are you going to do?"
Henry Kaesik asked curiously.
"I think so."
Shen Zongdao: "Let HSBC conduct a thorough investigation of the accounts of the Jianing Group to see what the situation of the Jianing Group is and determine how many assets the Jianing Group has. At least, we must first be aware of it. We must know the situation of the Jianing Group." Can the group be saved?"
After hearing this, Shi Yadi Shi Huaiya said: "If you do this, the share price of Jia Ning Group will inevitably fall sharply again, and the outside world will definitely trigger bad speculations."
"Then let it fall."
Shen Zong said in a deep voice: "Now that the stock price of Jianing Group has fallen to this level, even if it drops another 30 or 40 percent, it won't make much difference to us. But what will happen if we even lose Jianing Group?" , if we don’t know whether it’s worth saving, then how should we deal with this loss?”
"I agree."
Henry Kaiser suddenly said: "We should really find out the situation of the Jiani Group. If the hole in the Jiani Group is so big that it is not worth saving, then we should find a way to exit early and see if we can exit again. Let’s make some money in advance to make up for our losses. If the hole in Jianing Group is not big and there is still room to save it, then we will discuss how to save it so that the shares in our hands will not shrink too much."
"That's true."
Michael Kadoorie nodded in agreement.
"My initial thoughts are this."
Shen Porridge said to the three of them: "If there is any way to save the Jianing Group, then we will join forces to get control of the Jianing Group, and then integrate the Jianing Group and complete the reorganization. After the reorganization, we will use HSBC and Yi The resources of the He Group, the Swire Group and the Kadoorie family have allowed the Carnegie Group to slowly develop. In this way, in a few years, I dare not say anything else, at least on the books, our investment should not suffer losses. "
"Although this is very troublesome and there will be actual losses, it is enough to avoid losses on the books."
Michael Kadoorie was the first to agree. For him, it was enough that this investment could avoid losses on the books. As for the investment that lasted several years without earning a penny and a lot of resources were invested in it, it can be completely ignored. Being able to settle the accounts is enough to explain it to other people in the family.
"Taipan, I don't object to your proposal, but if the Jiani Group can really be reorganized, HSBC will have to put more effort into it."
Shi Yadi Shihuaiya said that the reason why they fell into the trap this time was because of Shen Porridge, so of course HSBC must do more.
"Yes, as long as the three of you don't object."
Shen Porridge nodded in agreement, and then looked at Henry Kaiserk.
"I don't have any objection either."
Upon seeing this, Henry Kaiserk said: "Now I just hope that the Jianning Group can still save us, otherwise we will have to think about how to reduce our losses."
"Since Chairman Henry has no objection, it has been decided for the time being."
Shen Zhou made the decision directly. He had already thought about it. If there was no possibility of restructuring the Jia Ning Group, then some good assets would be divested and reorganized to take care of the interests of their major shareholders. As for the interests of those small shareholders, there is no way to control it. Even if a lawsuit is filed for this, it will continue. Anyway, all HSBC's investment in the Jiani Group cannot be wasted.
After making the decision, the four people, who had nothing to talk about, left each other.
At this gathering, Schiadie Schweizer, Henry Kasik, and Michael Kadoorie actually wanted to denounce Shen Chow, but Shen Chow came up with a solution, so they were prepared to wait and see for the time being. After all, Shen Chou is the top manager of HSBC. As long as he is still the top manager of HSBC, they are not willing to offend him.
As for Chen Songqing, Shen Zhou and others have decided to give up on Chen Songqing. For them, Jianing Group was the most important. When Chen Songqing had serious problems, they chose Baojianing Group and gave up Chen Songqing.
the next day.
Shen Zhou arranged for people to go to Jianing Group. They didn't care whether going to Jianing Group to check the accounts at this time would affect the share price of Jianing Group. Anyway, they were mentally prepared for the share price of Jianing Group to plummet again.
It's not that Shen Zhi is acting vigorously, but the longer it is delayed, the more detrimental it will be to Jianing Group. They need to know the details of Jianing Group early to see if Jianing Group is worth saving.
As the news spread that HSBC went to Carnegie Group to audit its accounts, the stock market reacted immediately, and Carnegie Group's already shaky stock price plummeted again.
At this time, the investors who were still holding the shares of Jianing Group at high positions were basically at peace. The losses of up to 60 to 70% or even higher had made them lose the desire to sell the stocks. They can only hold on to it, either losing money to the extreme and turning into a penny stock with a stock price of less than 1 yuan; or they will have a desperate counterattack, and the stock price will rebound quickly, allowing them to unwind.
On the other hand, the investors who entered the market yesterday to buy the bottom had the courage to cut their flesh when the stock price plummeted because the cost price was not very high.
However, now, there are many short sellers making waves in the stock of Jiali Group. When they see the bad news, of course they sell a large number of stocks, driving the stock price of Jiani Group downwards.
For short-selling funds, the more the share price of Jianing Group falls, the lower the cost when they buy it back and the higher the profit.
Changsheng Pharmaceutical Biotechnology Company.
Lin Baicheng was busy. When Chen Huixiang said that Qin Lan had something to report to him, he stopped what he was doing and went out to meet Qin Lan.
"Mr. Lin, news came not long ago that HSBC sent people to Jianing Group to check the accounts." Qin Lan reported.
"Um?"
Lin Baicheng was a little surprised when he heard this: "HSBC actually went to audit the accounts. Isn't HSBC worried that the share price of Jiali Group will fall again?"
Qin Lan said: "Jianing Group's stock price has indeed fallen again, and it has fallen a lot."
"This is really strange."
Lin Baicheng was very puzzled: "What the hell is HSBC doing?"
"Mr. Lin, we still can't guess what HSBC is thinking."
Qin Lan replied, and then said: "Mr. Lin, what should we do now?"
"I don't even know what HSBC's purpose is, so what else can I do? Let's wait and see what HSBC does."
Lin Baicheng shook his head, then remembered something and asked, "Is Yum Securities still shorting the Jiani Group?"
"Yes, still short selling." Qin Lan replied.
“End the short selling.”
Lin Baicheng pondered for a while and said: "The purpose of HSBC is unclear now, and we don't know what kind of son it will be. The stock price of Jia Ning Group has fallen a lot now. There is no need to make the last penny and let Yum Securities start to flatten it." Leave the order empty.”
Qin Lan reminded after hearing this: "Mr. Lin, the share price of Jia Ning Group should still have a lot of room to fall."
"I still say the same thing, don't think about making the last penny."
Lin Baicheng said something, and then added: "But if Yum Securities thinks it can continue to be short, then spend a small amount of money to continue shorting, and don't invest too much money."
"Yes, Mr. Lin."
Qin Lan didn't say anything after hearing this. It was enough to remind him once. If he said more, he would become disobedient.
Lin Baicheng looked at Qin Lan and said, "I will go to Japan on the weekend. I may stay a few more days this time. If anything happens, please remember to contact Nanako."
"If it's just a minor matter, I won't contact Director Qianye and disturb Mr. Lin." Qin Lan responded.
Lin Baicheng nodded and asked, "Is there anything else?"
"No more for now, Mr. Lin."
"Okay then, let's go back to work."
Lin Baicheng said and went back to the laboratory to continue the research and development work at hand.
If you invest deeply in technology research and development and slowly solve the problems, it is actually not boring at all. On the contrary, there is a lot of fun in it.
Of course, this only applies to geniuses. For the average person, a project takes a long time to overcome, and most of the verifications in the process are wrong. Then he will naturally find research and development very boring and unbearable.
Lin Baicheng is a genius. He finds fun in research and development, so he does not find research and development boring. When he has time, he will come to the laboratory and invest in research and development work.
However, the technology Lin Baicheng wants to develop is advanced, and the time he has actually invested in research and development is still short, so he has not achieved much results yet. As for the results that can be applied to business, there are none.
Fortunately, Lin Baicheng is not in a hurry for the time being. After all, he has not invested much time in research and development, and he is only twenty-one years old. If nothing happens, he still has at least fifty or sixty years of life.
After such a long time, he still has some confidence that he can achieve some research and development results without being unable to develop anything.
…
HSBC's decision to go to the Jianing Group to audit the accounts had a huge impact. From the outside, HSBC did not believe that the Jianing Group would have no problems, so it couldn't wait to audit the accounts.
The result of this is that as of the close of the day, the share price of Carnegie Group plummeted by 32% again. At its highest point of decline, it was cut in half again, leaving only 300 million Hong Kong dollars in total market value.
Maybe it fell to the point where it couldn’t go any further, maybe there were funds to take over or it was a bargain hunt. Anyway, the share price of Jia Ning Group rebounded a little later, leaving a total market value of about 420 million Hong Kong dollars.
No one knows whether Jianing Group is worth the money now, or whether it is underestimated. Everyone only knows that Jianing Group has problems, and the problems should be big. They are afraid of thunder after entering, so they really dare to buy the bottom. In fact, there are not many investors buying this stock.
One day is not enough for HSBC to finish checking the accounts of the Jianing Group. Therefore, HSBC works overtime to check the accounts. It has arranged for two teams to take turns to check the accounts. It must be done in the shortest possible time. Sort out accounts.
With both Chen Songqing and Wu Kaili being taken away by the police, no one in the Jianing Group could stop HSBC. Although it was somewhat illegal for HSBC to do this, no one stood up to stop it. Who made HSBC the major shareholder of the Carining Group?
That night, Lin Baicheng also learned about the stock price of Jia Ning Group after it plummeted, but he didn't care about it. What he really cared about was Chen Songqing, who was taken away by the Commercial Crime Investigation Bureau.
Under the current circumstances, it would be best for the Jianing Group to fall. It would be okay if it were rescued by HSBC and British capital. As long as Chen Songqing himself accepts legal sanctions, Lin Baicheng's purpose of killing chickens and monkeys would be achieved. .
With the fate of Chen Songqing and Jianing Group, Lin Baicheng believes that next time someone wants to offend him, he will think carefully about whether it is worth it.
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