Rebirth of the Strongest Tycoon

Just when the Australian financial market was in chaos, Xia Yu finally took action against Wheelock Shipping Company.

Justin Kyle dragged the Wheelock Shipping Company to report earnings.

Especially because when international speculators attacked Australia, the Sydney consortium was one of the representatives of the bulls. This time, the losses were heavy and the capital chain was tight, and Justin Kyle could not wait to hide.

After all, Westpac was the biggest financial backer when it bought Wheelock.

If Wheelock's shipping company explodes, causing Westpac to lose this large loan, it will definitely make Westpac worse.

It's just that all of this is under Xia Yu's control, so Justin Kyle can't be.

He thought that he could hide without releasing the financial report, which was too whimsical.

And the hands-on, impressively is the famous Jiuding Securities Research Institute in Heungkong.

On February 17, Jiuding Securities Research Institute released the latest securities research report, rating 16 listed companies.

Seven of them have buy ratings, five have overweight ratings, three have wait-and-see ratings, and one has the worst avoidance rating.

The one who received the avoidance rating was Wheelock Shipping Company.

In the report, an in-depth analysis of the current situation of Wheelock Shipping Company and the situation and trend of the entire shipping market was carried out, which will completely blow Wheelock Shipping Company.

Especially for Wheelock Shipping Company's fixed fleet value analysis, the total value has further shrunk to around 4 billion Hong Kong dollars.

And Wheelock Shipping last year's loss plus debt, will also be around 4 billion Hong Kong dollars.

In terms of main business, Wheelock Shipping's operating status has further deteriorated.

After the rating report was issued, the market was in an uproar.

Some people suspect that the Jiuding Securities Research Institute has deeper intentions, but more people do not dare to take chances and directly dump the stock.

So after the stock market opens.

Shares of Wheelock Shipping plummeted.

In just ten minutes, the company's share price fell from HK$8.34 per share to HK$7.37 per share, and the market value fell to HK$10.625 billion.

Within ten minutes, the market value evaporated by 1.4 billion Hong Kong dollars.

And this is not the end.

Fourteen minutes later, the market value of Wheelock Shipping Company officially fell below the 10 billion Hong Kong dollar mark and continued to rush down.

Half an hour later, the market value of Wheelock Shipping had fallen to HK$8.06 billion.

In half an hour, the market value shrunk by one-third, evaporating four billion Hong Kong dollars!

And the stock price continues to fall, but it has slowed down, and the market panic has relatively disappeared.

Some institutions with a high gambling nature are frantically inquiring about the movements of the Jiuding Consortium, while keeping an eye on the movements of Wheelock Shipping Company, and at the same time they start to buy stocks in the market.

Of course, these institutions also buy in small quantities. The main force behind the real bottom line is Toll, which entrusts the institutions.

It's just that Justin Kyle is restless at this time, as if he has a big mountain on his back.

Toll previously acquired a 55.7% stake in Wheelock Shipping at a cost of HK$8.71 billion.

This fund is more than the current market value of the entire Wheelock Shipping Company.

According to the current market value, Toll has lost more than 4.2 billion Hong Kong dollars in this investor.

That is to say, the financial support is provided by Westpac Bank of the consortium, Barclays Bank of the Rothier family of allies, and National Westminster Bank, whichever one is related, as long as it does not cause bad influence, it should still be able to support. Stay under pressure.

If it was another bank, absolutely all the phone calls came at this time.

It's just that relationships are relationships. After all, paper can't hold fire. Over time, there will be troubles.

Especially the National Westminster Bank, the most distant bank, the Rothschild family is only a major shareholder, and it is impossible to make a single statement. This is an uncontrollable factor.

So what needs to be done right now is

It is to quickly boost the share price of Defeng Shipping Company, which is the only way for Toll to survive!

Justin Kyle and Myron Marjorie had urgent secret discussions to discuss countermeasures.

"Myron, how many people have read the company's financial report?"

Justin Kyle held a financial report in his hand and said to Myron Kyle with a serious look.

Myron Marjorie thought about it for nearly ten minutes before saying with certainty: "President, only five people have seen the complete financial report, you and I, and three people in the financial department."

"We haven't audited it by a professional accounting firm for the time being."

Hearing this, Justin Kyle breathed a sigh of relief, his expression disillusioned.

This unannounced financial report must not be released now.

Wheelock Shipping's business last year was worse than expected.

Not getting any dividends from its five listed companies, coupled with the failure to liquidate other assets, the loss of Wheelock Shipping Company last year was as high as 458 million Hong Kong dollars!

And this still does not take into account the shrinkage of the value of the fleet's fixed assets, and selectively ignores it.

If evaluated according to the research report released by Jiuding Securities Research Institute, the loss of Wheelock Shipping Company can be written down to 600 million Hong Kong dollars.

"Myron, after the report of the Jiuding Securities Research Institute comes out, it will be very harmful for us to continue to delay the announcement of the financial report. Investors need a satisfactory financial report."

For a long time, Justin Kyle said quietly.

Myron Marjorie was stunned for a moment, then his face changed, and he blurted out: "President, do you mean financial fraud?"

Although the word is harsh, Myron Marjorie is his own, and Justin Kyle did not deny it: "This is the only way!"

"Wheelock Shipping Company is valuable. If we follow our original plan, we can completely get Wheelock Shipping Company out of the quagmire, but unfortunately, our enemies will not let us have that development. It's time."

"Our growth strategy has failed!"

"So now we have to get out and drop the ticking time bomb of Defeng Shipping."

"Otherwise, this loss will lead Toll to the abyss!"

"The situation of the consortium is not good now. Australia has been invaded by foreign capital. It is impossible for the consortium to give us any more financial support, but we cannot hold back the consortium!"

Myron Marjorie was silent, feeling very uncomfortable.

He never imagined that in just a few months, he would reach such a desperate point.

"President, I understand what you mean, this is indeed the best way."

"It's just that we still need to find a suitable accounting firm."

"The Jiuding Securities Research Institute has released a rating report on our company, and now the outside world has paid great attention to our company's situation, so few accounting firms dare to cooperate with us."

Myron Marjorie forcibly calmed down and said in a deep voice.

Seeing that his confidant was willing to cooperate, Justin Kyle breathed a sigh of relief, and he immediately said: "You don't have to worry about the third-party accounting firm, I will find a way, all you have to do now is to come up with a qualified financial report."

"The other three people who have seen the financial report, you find a way to tie them to us."

"Understood!" Myron Marjorie responded decisively.

After that, after talking in detail for a while, Myron Marjorie quickly left, leaving Justin Kyle sitting there, silent for a long time...

PS: This is the update today, I have to continue to work overtime _(|3”∠)_

The error-free chapters of "Rebirth of the Most Powerful" will continue to be updated on Novel.com, and there will be no advertisements on the site. Please collect and recommend it!

If you like the most powerful tyrant of rebirth, please collect it: () The most powerful tyrant of rebirth has the fastest update speed.