Reborn as a tycoon in Hong Kong
Chapter 168 Join forces
"Assistant Cheng, President Wei Li, after the board meeting, I will go back to Galaxy Games first."
Lin Shufang only participated in the board of directors on her behalf and didn't know anything else. Therefore, as soon as the board of directors was over, she said goodbye and prepared to leave.
"Manager Lin, walk slowly!" "I'll see you off!"
Wei Li and Cheng Yufeng sent Lin Shufang out of the conference room.
After that, Wei Li asked Xia Boyin and Wei Peter to go out to work first.
Cheng Yufeng and Wei Li were the only two people left in the conference room.
Tapping his fingers lightly on the table, Cheng Yufeng asked aloud: "President Wei Li, what do you think of what just happened?"
Wei Li expressed his opinion: "Bob and other directors obviously made a deal with each other, and they also bribed Richard Richard and Chen Xinghan in advance, so that they could betray the enemy."
Cheng Yufeng nodded in agreement and said: "Looking at them, they really want to know whether the company's gold futures investment has made a profit or a loss. I can probably guess what they want to do. They just think that the investment has made a loss, so they want to Sell your stocks as soon as possible."
"not only that."
Wei Li pondered and said: "If that were the case, they could have sold the stocks in their hands secretly, and wouldn't have done what they did just now. Therefore, I guess they might also want to go short and make a fortune through short selling, so they are eager to do so. I want to know whether the company’s gold futures investment has always been long and whether it has lost money.”
"President Weili, what you said makes sense."
After thinking about it, Cheng Yufeng couldn't help but nodded in agreement.
Wei Li said: "We are the only two people in the company who know that the gold futures investment has changed from long to short. If President Cheng doesn't want Director Bob and the others to know about this, it's best to contact HSBC and let HSBC Keep secrets. Although HSBC should keep secrets for the sake of its reputation as a bank, there are always eventualities."
Cheng Yufeng nodded and said: "It's late at night in Los Angeles now. I'll contact HSBC soon. I'll contact Mr. Lin again in the evening and report to Mr. Lin."
"correct."
Cheng Yufeng, who was packing up the documents and about to leave, suddenly remembered: "As for Richard Richard and Chen Xinghan, they are the vice presidents of the company, but what they did is tantamount to betraying Mr. Lin. Mr. Lin will definitely not They will be asked to stay at Hutchison Whampoa longer, so President Wei Li needs to keep an eye on them during this period to prevent them from harming the company's interests."
"Don't worry, President Cheng, I will watch."
Wei Li nodded to show his understanding and said, "Although they must have been bribed to do that, they are not stupid. They certainly don't dare to do anything that harms the company's interests. Otherwise, they will wait for the company to sue them."
Cheng Yufeng nodded when he heard this. He also knew this, but just in case, he asked Wei Li to keep an eye on the two people.
After leaving the conference room, Cheng Yufeng immediately contacted Shen Chou, the senior manager of HSBC, and asked Shen Chou to help keep Hutchison Whampoa's specific investment details secret. Shen Chou naturally agreed and guaranteed that the information would not be leaked from HSBC.
Afterwards, Cheng Yufeng contacted Yuan Tianfan and asked Yuan Tianfan to keep the secret. Finally, Cheng Yufeng contacted Yum Securities and asked Anyuan to instruct several traders involved in the operation to keep it secret and prevent the news from leaking out.
After guessing that Bob and others would short Hutchison Whampoa, Cheng Yufeng then took a look at the stock market and found that although Hutchison Whampoa's stock price did not fall too much today, it was still falling, and the trading volume was increasing. Apparently someone Increased shipments.
In addition, Cheng Yufeng also discovered that the trading volume in Hutchison Whampoa's options market was very large. A large number of put warrants with an exercise price of HK$6 per share were listed in the market, and there would be a few transactions from time to time.
Cheng Yufeng continued to collect information, because he would contact Los Angeles tonight to report to Lin Baicheng what happened today.
at the same time.
But Li Jiacheng, Feng Jinxi, Niu Bijian and Bob got together.
After the board of directors' attack not long ago, they believed that Hutchison Whampoa's futures investment should be long. This has been confirmed by Flos, who was responsible for the purchase. However, this time the board of directors' test has further confirmed this. That’s all.
The four people have previously raised HK$200 million in funds, namely Li Jiacheng's 40 million Hong Kong dollars, Feng Jinxi's 60 million Hong Kong dollars, Jardine represented by New Bijian's 60 million Hong Kong dollars, and Bob's 40 million Hong Kong dollars. They have certified nearly two years from the options market. HKD 100 million in put warrants. Now they are more confident in short selling, so they decided to increase their positions.
After discussion, the four people decided that as long as the gold price did not stop falling and rebound, they would not release any negative information about Hutchison Whampoa for the time being. They would let several major shareholders secretly sell their stocks while continuing to short-sell in the options market. The amount is HK$400 million, and the investment share will be distributed in the same proportion as before.
Although the current options market has only less than 200 million Hong Kong dollars in transactions, as long as a lower exercise price is offered in the future and there is more safe room for decline, there will definitely be more funds to take over, so they are not worried about the total HK$400 million will not be spent all.
After the 400 million Hong Kong dollars of short-selling funds cooperated by the four parties are spent, whether individuals want to continue short-selling is their own business and it is their own decision.
The reason why the Qi Dezun family did not participate in this short selling was because the Qi Dezun family owned a large number of Hutchison Whampoa stocks and mainly sold stocks. The four Li Jiachengs were not prepared to let the Qi Dezun family share the benefits in the options market.
Since Lin Baicheng took over Hutchison Whampoa, the Qi Dezun family, which was not prepared to spend a lot of money to regain control, has actually begun to slowly sell its stocks. A large number of the stocks bought by Lin Baicheng and HSBC from the stock market were The stocks sold by the Qi Dezun family.
Even so, the Qi Dezun family currently holds more than 10% of the stocks, so it is almost impossible to sell them all in the short term, so they are selling as much as they can in the past few days, and sell them quickly while the stock price is still high. Stocks in hand.
In this era, the securities market in Xiangjiang was not so standardized. If you use multiple accounts to buy a company's stocks, as long as you are not discovered, it is perfectly fine to secretly buy 20% or even 30% of the stocks. It is not a violation at all.
Major shareholders like the Qi Dezun family sold their stocks to reduce their holdings without issuing an announcement at all. As long as they have some connections with the Hong Kong Securities Regulatory Commission, they will not be held accountable at all.
It is precisely because securities supervision in this era is not in place yet that people like Lin Baicheng and others who want to acquire other companies can more successfully buy large quantities of stocks at lower prices, and only major shareholders like the Qi Dezun family can also do so smoothly. Sell your stocks when the stock price is high.
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