Rebirth of the Age of Wealth

Chapter 328 Short Selling Acquisition

Li Weidong glanced at Xu Yanden, motioned for him to continue, and then he continued walking towards the office.

"Judging from their published financial statements, there are no problems at all. Their cash flow is even very abundant. Their debt ratio is almost the lowest in the banking industry on Hong Kong Island!"

"Everyone knows that this kind of financial statement for outsiders to see is not very meaningful, and can only see a rough outline. If you want to know the details, you must see the original documents."

Xu Yandeng did not continue, but followed Li Weidong into the office. Zhang Dongshuo closed the office door at Li Weidong's signal and left.

Li Weidong sat behind his desk and tried the water glass on the table. The water temperature was just right. It was probably ready. He took a sip and leaned back on the chair to take a breath.

"Sit down and tell us how you knew they had financial problems and how you judged how to obtain loan funds!" Li Weidong motioned to Xu Yandeng to sit down and drink tea, and then said.

"Chairman, the original voucher is the company's secret. Except for the tax department and the company's financial department, it is difficult for other people to access it, but the audit accountant can see the general situation!"

"It's my luck. I know the signing accountant who audited them. We worked together at Morgan before. Then something happened to him, so he resigned and became an accountant!"

"I made an appointment with him last night and asked him about the situation. Although he was unwilling to say more due to confidentiality regulations, he used some methods and got some information last night. These are also some methods commonly used in the industry!

"

Xu Yanden saw that Li Weidong's face was not angry, and continued: "After I obtained the information, after careful research and comparative analysis, I discovered some problems."

"After I came to the company this morning, I organized colleagues to study together and finally determined that there must be a problem in the operation process of Changtai Bank, at least there is a problem in risk control!"

"Although Cheong Tai Bank has a lot of assets, in Hong Kong Island's banking market, it is only a small bank. It does not absorb many deposits and has a relatively small loan customer base!"

"Most of them are regular customers, but when we analyzed their loan customer list, we found that many of the customers listed in their loan loss provisions were new faces!"

Li Weidong seemed to understand somewhat. Going for a bank loan is similar to increasing a credit card limit. The establishment of credit is definitely not a one-step process, but a process of gradual accumulation.

If you borrow 10,000 from a bank today and pay it back tomorrow, you can borrow 20,000 the day after tomorrow. When this kind of credit slowly accumulates to a certain level, the bank's credit limit will increase significantly.

If they have not cooperated with Changtai Bank before, the first loan amount will definitely not be too large, and there should not be too many new faces in the provision of loan loss provisions.

If so, there are only two situations. One is that there is a problem with the bank's risk control. The foundation of a bank is risk prevention and control. If normal loans can generate so many loss provisions, it means that the bank's risk control has become ineffective. This

It is inconsistent with the actual operating conditions of Changtai Bank’s outward expansion.

The second type is easy to understand. It must be someone cheating, reviewing the information, or simply opening a company outside to obtain loan funds.

"If you have any ideas, please tell me." Li Weidong asked.

"Chairman, look at this. This is this morning's financial newspaper. There is news about Changtai Bank opening a branch in Singapore!" Xu Yandeng handed Li Weidong a newspaper and said.

"This is obviously to attribute yesterday's rise in stocks due to our purchase to this good news, but I inquired from the side and found that Changtai Bank and Singaporean financial institutions have not reached a written cooperation agreement!"

"So we want to take advantage of this news to sell the stocks we bought yesterday, find an editor, write a report about our guesses and send it to a financial newspaper, and then short Changtai Bank!"

"No matter whether our guess is true or false, or whether the bank has management problems, the final result will be that the stock price will fall. At that time, we will buy the stock to close the position. This will not only mess up Changtai Bank's stock, but also make profits.

A small sum of money!"

With the billions of Hong Kong dollars controlled by Xu Yandeng, the market value of Changtai Bank is more than 3 billion. It would be too easy to simply mess up the shares of Changtai Bank.

There are not too many stocks held by retail investors in the secondary market of Changtai Bank. Most of them are held by large shareholders, who will not sell them easily. There are not many tradable stocks, and it is easy to bid up or sell them.

Li Weidong asked: "How likely is it that there is an insider in Changtai Bank, and how much of the loan funds have been occupied?"

"It's hard to say, but judging from the current situation, the funds withdrawn should be more than 100 million. If there is a bigger problem, we have to check the relationship between these loan companies. With our current conditions, this will take a lot of time.

Long time!"

"Today is Wednesday. No matter what method you use, you must give me an accurate result before the market opens on Friday. Is there any problem?" Li Weidong asked.

"Chairman, don't worry, there will definitely be no problem!" Xu Yanden thought quickly and finally assured.

"Well, you can find Li Shihui and ask him to analyze it for you. He has been in this business for a long time, knows more people than you, and has more connections. If this matter is confirmed."

"Hype it up for me, drive their stock price to the lowest level, and then buy Changtai Bank at the bottom. In addition, contact the small shareholders of Changtai Bank. Can you buy their shares?"

Xu Yanden looked at Li Weidong and understood what Li Weidong meant. In recent years, many banks in Hong Kong have gone bankrupt. Most of them were due to lax risk control and management. The phenomenon of bank shareholders evading funds was very serious. Changtai Bank cannot be spotless.

.

If there is evidence that the same is true for Changtai Bank, maybe the shareholders of Changtai Bank really need to be changed. It seems that Li Weidong has changed his mind and switched from causing chaos to taking control of Changtai Bank!

The evidence was found, and through media reports, there was a reality of one-day trading on Friday and a weekend of fermentation, although it seemed that Changtai Bank had enough public relations time.

If this is the case, public relations can only be a waste of time. Even if the public relations is too powerful, it cannot turn black into white.

Li Weidong was originally not that ruthless and wanted to seize other people's property, but several detectives angered him. If little detectives or paparazzi surround him every day in the future, what kind of privacy will he have?

It's okay if the child is ignorant, but if the parents are still acting as a swindler, that's a bit too much. You can't blame Li Weidong for taking action.

Furthermore, if these situations are true, Li Weidong is just an upright man who revealed the truth to the people who do not know the truth, and should be regarded as a hero of the citizens. As for whether it will cause a wave of crowding out by the citizens, that is not a question that Li Weidong needs to think about.

"Okay Chairman, I saw President Li just now, I'm going to ask him for help now!" With Li Weidong's attitude, Xu Yanden knew that this matter would be easy to handle.

He doesn't care why Li Weidong targeted Changtai Bank, what he has to do now is to confirm this guess and then complete Li Weidong's set goal.

"Okay, go and do your work. If you have anything to do in the future, you can call me anytime!" Li Weidong said.

Xu Yanden looked happy. This was a right given to him by Li Weidong. If there was anything in the future, he could contact Li Weidong directly without going through a secretary. Not many people have this qualification now, and now he also has this qualification.

Xu Yandeng walked out of Li Weidong's office happily. Zhang Dongshuo, who was sitting in the office opposite Li Weidong, saw the door open and walked over quickly, ready for the leader's instructions at any time.

Seeing Xu Yanden's happy look, he knew that Li Weidong must be in a good mood. He returned to the office, picked up a stack of documents, knocked on the door of Li Weidong's office, and walked in.

(End of chapter)