Reborn as a tycoon in Hong Kong

After the call auction started in the morning, a large number of shareholders sold Hutchison Whampoa shares to Lin Baicheng at a price of HK$9 per share. Compared with yesterday's closing price of HK$7.45, this price represents a premium of about 20%, which is very satisfying for many investors.

Of course, Lin Baicheng should be lucky that he acquired Hutchison Whampoa first, and the Wharf acquisition war in his previous life did not break out. Otherwise, during the acquisition of Wharf in the previous life, the stock price more than tripled, not to mention the highest price exceeded 100 Hong Kong dollars. The short-term triple increase alone can make many investors have great expectations for the acquired company, and a 20% premium is simply not enough. Satisfying.

It's different now. This is the first acquisition, and the Qi Dezun family has not yet come forward to fight for control, so there is no room for imagination. Many investors who were satisfied with the 20% premium began to sell their stocks.

Of course, there are also investors who want to take another look and see if the stock price will rise. After all, Lin Baicheng wants to buy 60 million shares and there is no need to rush to sell the shares immediately.

However, it was above HK$9. At this time, there were no big funds that dared to buy in large quantities at such a high price. They were competing with Lin Baicheng for tickets. The main reason was that they were afraid of getting themselves into a trap.

Even Li Jiacheng, who bought Hutchison Whampoa stocks yesterday, did not buy a lot of stocks above HK$9 because he did not have much money and the number of stocks he could buy was limited. Even if he bought some stocks above HK$9, he would not be able to buy a lot of stocks. If Lin Baicheng buys a sufficient number of stocks at HK$9, his purchase will become a long-term holding.

Li Jiacheng wanted to make a fortune in the short term instead of holding it for a long time. After all, as the newspaper said, no one could predict whether the company would develop well after Lin Baicheng became the largest shareholder of Hutchison Whampoa. .

However, Li Jiacheng didn't believe the reports in many newspapers today. How could there be so many newspapers that unanimously disliked Lin Baicheng? He guessed that this was a trick played by Lin Baicheng to get investors to sell their stocks to him.

Just as Li Jiacheng guessed, the reports in today's newspapers that were not optimistic about Lin Baicheng were written by him. Cheng Yufeng asked people to contact newspapers and paid these newspapers to report news that was not optimistic about Lin Baicheng. The purpose was to attract stock investors. I didn’t have high expectations for this acquisition, so I quickly sold my shares and bought enough shares at a price of HK$9 per share.

It's just a premium of about 20%, which Lin Baicheng can completely accept.

The Hutchison Whampoa shares that Lin Baicheng bought from HSBC were not in the same account as the Hutchison Whampoa shares that he originally held. Therefore, while carrying out negative publicity in newspapers, Lin Baicheng also arranged for people to sell those shares as well. Give it to him and merge it into the same account.

Although this will waste some handling fees, in the eyes of the outside world, this means that investors are selling a large number of shares to Lin Baicheng. The shorter Lin Baicheng buys a large number of Hutchison Whampoa shares, the more it shows that investors are not optimistic about Lin Baicheng becoming a major shareholder of Hutchison Whampoa. Those who still hold stocks will be worried about the future development of the company and will be tempted to follow suit and sell their stocks.

In the first five minutes, under Lin Baicheng's deliberate arrangement, a large number of his stocks were sold to employees who were purchasing stocks, and the number of Hutchison Whampoa stocks purchased directly exceeded 2 million shares.

In the next five minutes, the staff of Yum Securities announced that they had acquired a total of about 5 million shares.

In the third five minutes, the staff of Yum Securities announced that they had acquired a total of about 10 million shares.

In the fourth five minutes, the number of shares acquired increased to about 15 million shares.

In the fifth five minutes, the number of shares acquired increased to about 20 million shares.

In the sixth five minutes, the number of shares acquired increased to about 25 million shares.

The number of shares acquired increased by about 5 million shares every five minutes, and nearly half of them were acquired in just half an hour.

Among them, Lin Baicheng's 12 million shares used up almost 10 million shares, all of which were used in the first five five minutes. The number of shares actually acquired in the sixth five minutes was very close to 5 million shares.

No way, investors don't know that a large part of these acquired stocks are actually Lin Baicheng's own stocks. He just changed his left hand to his right hand.

From the perspective of shareholders, more and more people are selling their stocks to Lin Baicheng at HK$9 per share. Looking at this situation, it is entirely possible that Lin Baicheng will acquire 60 million shares this morning and then stop acquiring them.

Once Lin Baicheng acquires 60 million shares, it seems to the outside world that his shareholding in Hutchison Whampoa will reach 40%, becoming the largest shareholder, and control will fall into his hands. At that time, Lin Baicheng had no need to acquire Hutchison Whampoa shares, and no one would compete with Lin Baicheng, so the stock price would definitely fall.

Therefore, while the current stock price is still 9 Hong Kong dollars per share, it is the best choice to sell the stock to Lin Baicheng quickly.

When the actual number of stocks acquired every five minutes exceeded 5 million shares, Lin Baicheng no longer had to control it deliberately. He kept the 2 million shares first and did not move from left to right.

In just one hour, Lin Baicheng arranged for staff at the four major exchanges to acquire 60 million Hutchison Whampoa shares. Among them, 10 million shares were bought by Lin Baicheng from his left hand to his right hand, and the remaining 50 million shares were actually purchased from investors at a cost price of HK$9 per share and cost Lin Baicheng HK$450 million.

When the staff of Yum Securities announced that they had acquired enough stocks and would no longer acquire Hutchison Whampoa shares, Hutchison Whampoa's stock price immediately fell sharply, and it fell very hard, directly falling below 7 Hong Kong dollars. This is a lot of money that was not sold at 9 Hong Kong dollars. This was caused by the massive selling by investors who sold their stocks but were not optimistic about Hutchison Whampoa's future.

From the outside world, Lin Baicheng holds 162 million shares, accounting for 40.5% of Hutchison Whampoa's total share capital, but the real situation is that Lin Baicheng only holds 152 million shares, accounting for 38% of the total share capital.

Therefore, after completing the so-called acquisition of 60 million shares, Lin Baicheng did not really stop acquiring stocks. Instead, he asked Anyuan to arrange for people to continue buying after Hutchison Whampoa's stock price fell below HK$7, but this time he used It is no longer the account with a large number of shares, so as not to be discovered that he is still acquiring it.

After arranging for people to continue buying stocks from the stock market, Lin Baicheng ignored it for the time being. Instead, he asked Cheng Yufeng to inform Wei Li, the president of Hutchison Whampoa, that he would go to Hutchison Whampoa in the afternoon and let some of Hutchison Whampoa's highest-level executives Remember to be there when the senior management arrives.

Wei Li was helpless after learning about the situation. He didn't expect Lin Baicheng to buy a large number of shares so easily, with the shareholding ratio reaching 40%. At this time, even if the Qi Dezun family originally had the idea of ​​​​fighting for control, they had to give up now.

It was obvious that the company's first shareholder had changed, and the control was going to be Lin Baicheng. Therefore, facing the notice from Lin Baicheng, Wei Li could only choose to cooperate.

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