Reborn as a tycoon in Hong Kong
Chapter 194 Making and Losing Money
Jiahe Company was established in 1970 by Zou Wenhuai, He Guanchang and Liang Feng. Zou Wenhuai held the largest shareholding and Liang Feng held the smallest shareholding.
After Wu Yusen left, he returned to Jiahe and informed Zou Wenhuai about Star Pictures poaching people. Zou Wenhuai immediately called He Guanchang, Liang Feng and other senior executives for a meeting.
The entry of a capital tycoon into the film industry is definitely a huge impact for Jiahe, not to mention that the other party is already poaching Jiahe's employees and partners.
Golden Harvest cannot stop Lin Baicheng from entering the film industry, so Zou Wenhuai and others discussed how to deal with this poaching incident and how to deal with the changes brought to the film market by Star Pictures in the future.
After discussion, Jiahe reluctantly made some choices. First of all, it is about the treatment of employees. The salary of directors, actors, screenwriters, photographers, dragon and tiger martial arts masters, etc. must be mentioned. In the future, the salary will be improved according to the salary of Star Pictures. At least it cannot be too lower than that of Star Pictures, otherwise Don’t try to retain talent.
In addition, for films released in Jiahe Cinema, there will be no further delay in box office sharing and settlement will be made with the producers as soon as possible. However, the specific box office share ratio has not changed since Star Cinema has not really established a relationship yet.
In the end, the senior management was asked to talk to some people respectively. Employees belonging to the company would find ways to get them to stay, and the cooperating producers would let them continue to cooperate with Golden Harvest.
Making such a decision will definitely increase Jiahe's expenses and reduce profits, but there is nothing to be done about it. Star Pictures is coming fiercely. If Jiahe does not make changes, it will fall sooner or later. Therefore, Zou Wenhuai and the others know what to do. Do.
Lin Baicheng doesn't know yet about Jiahe Company's response. Even if he knows, he won't care too much. With Asia Television in hand and enough capital, the film company will develop sooner or later.
On the morning of Monday, April 24, Lin Baicheng and Iwasaki Mineryu went to the Xiangjiang Exchange together.
At ten o'clock in the morning, the delivery time agreed upon by Iwasaki Mineryu and Niu Bijian arrived. When Iwasaki Mineryu released the long option order at the agreed price, the short order was taken over and the settlement of the flat order was completed.
Li Jiacheng, Feng Jinxi, Niu Bijian and Bob chose to close the option orders at the agreed option price. They closed the option orders of 220 million Hong Kong dollars at a total price of 910 million Hong Kong dollars twice, and the two parties officially completed the settlement.
Li Jiacheng and others had to choose to settle in advance, because the stock price of Hutchison Whampoa is still above 30 Hong Kong dollars. Although it is certain that Hutchison Whampoa's stock price will adjust back in the next period of time, there is only time left for the exercise of the option order. In less than half a month, if they choose to return the stocks, they must buy a large amount from the stock market. This will only prevent the originally falling stock price from falling. Instead, they will have to buy a corresponding number of stocks at a higher price, and even more. Not a good deal.
Lin Baicheng and Iwasaki Mineryu counted their gains this time.
Li Jiacheng made a profit of HK$690 million by placing short orders placed by his opponents, and the remaining HK$140 million of option long orders were also settled on Friday. Most of the settlement prices were HK$25, and only a small part was HK$26. No matter how high it was, There is no more.
However, the cost price of this 140 million Hong Kong dollar option long order was 4.2 Hong Kong dollars. It was finally sold at an average price of 25.35 Hong Kong dollars, making a little more than 700 million Hong Kong dollars. After deducting fees, the profit was exactly 1.39 billion Hong Kong dollars.
As for stocks, after the stock price exceeded 30 Hong Kong dollars, Iwasaki Mineryu asked people to start selling. He only bought a total of 55 million shares. There was no way to sell them so fast. A sudden large amount of selling would only cause the stock price to collapse. Therefore, now Still selling slowly.
Despite this, as of last Friday, 15 million shares had been sold at an average price of HK$32.6, and a total of HK$489 million had been sold. The remaining 40 million shares, as long as the stock price does not suddenly collapse, can be sold at least above the average price of HK$25, which means they can be sold for at least HK$1 billion.
The cost of the stock is just over 200 million Hong Kong dollars, but it can be sold for at least 1.5 billion Hong Kong dollars, which is a profit of no less than 1.3 billion Hong Kong dollars.
Calculating this, Lin Baicheng and Iwasaki Mineryu can earn at least about 2.7 billion Hong Kong dollars, a figure that far exceeds Lin Baicheng's original expectations.
The reason why they can make so much money is mainly thanks to Li Jiacheng and others who suppressed the stock price at the beginning, allowing them to buy a sufficient number of stocks at a low price. Therefore, as soon as the stock price was speculated up, the profit was multiplied immediately.
The total investment was less than 600 million Hong Kong dollars, but it made about 4.5 times the profit. It only took more than half a month and less than a month. This kind of transaction is really rare.
Speaking of which, Lin Baicheng's cooperation is indispensable for all this. Otherwise, if Lin Baicheng announced the truth from the beginning and the stock price soared immediately, then there would be no need to earn so much. With the same investment, a 50% profit would be quite good. .
It’s no wonder that some securities institutions like to cooperate with the chairman of some listed companies, because it is so profitable to operate by knowing the news in advance. Earning a lot of profits and being safe, who wouldn’t want such a good thing?
Today's securities trading rules in Hong Kong are not perfect enough, so loopholes are easy to be exploited. If this is placed in China after the 21st century, the cooperation between Lin Baicheng and Iwasaki Mineryu must be more covert, otherwise they will have to wait for the China Securities Regulatory Commission to investigate.
While Lin Baicheng and Iwasaki Mineryu were calculating how much they had earned, Li Jiacheng and the others were also calculating how much they had lost this time.
Li Jiacheng and others shorted a total of 400 million Hong Kong dollars in options. Among them, the 180 million Hong Kong dollars in options short orders made a profit of 88.3 million Hong Kong dollars, and the remaining 220 million Hong Kong dollars in short options lost 690 million Hong Kong dollars, which equals a total loss of 607 million Hong Kong dollars. The handling fee is almost HK$610 million.
The investment proportion of this part of the short order is 20% each for Li Jiacheng and Bob, and 30% each for Feng Jinxi and Niu Bijian. This means that Li Jiacheng and Bob lost 122 million Hong Kong dollars, and Feng Jinxi and Niu Bijian, who represented Jardine, Bijian lost HK$183 million.
Among them, Feng Jinxi, Bob and Niu Bijian not only lost so much, because they also borrowed 40 million Hong Kong dollars in short positions near the price of 3 Hong Kong dollars, so they lost even more.
Later, the four of them realized that they could not make too many choices and wanted to recover their capital and reduce losses. This part of the stock was expected to bring them a total income of hundreds of millions of Hong Kong dollars, and Li Jiacheng could probably receive more than 20 million Hong Kong dollars.
As a result, Li Jiacheng, who suffered the least loss among the four, only lost about HK$100 million.
But what no one knows except Li Jiacheng himself is that he had someone buy HK$15 million and 4.3 million shares when Hutchison Whampoa’s stock price was below about HK$4, and he bought these stocks in Hutchison Whampoa last week. After Huangpu's stock price exceeded 25 Hong Kong dollars, he chose to sell it to collect funds, and sold a total of 115 million Hong Kong dollars.
After deducting costs, and then deducting some handling fees and profits and taxes, Li Jiacheng will actually lose a little bit, but the amount is definitely not high, probably only a few million Hong Kong dollars.
Although there is still a loss, compared with Feng Jinxi, Bob and Niu Bijian, who represents Jardine, Li Jiacheng's loss is nothing at all. It is precisely because of this that Li Jiacheng did not dare to publicize this matter and let others know, otherwise he would not want to hang out in the mall in the future.
Speaking of which, Li Jiacheng enlisted others to short Hutchison Whampoa in the beginning, but in the end, Li Jiacheng himself did not lose much money, causing the other three partners to lose hundreds of millions of Hong Kong dollars. If this matter gets out, Li Jiacheng will definitely ignore it, and his reputation will definitely be ruined. No one will dare to make friends with him in the future.
(Some data in Chapter 183 are wrong. A short order of 140 million Hong Kong dollars should earn more, around 700 million Hong Kong dollars, not 350 million Hong Kong dollars. I will modify it)
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