Reborn as a tycoon in Hong Kong

No longer talking about the topic in the Mainland, Mailihao changed the subject and said: "Lin Sheng, in addition to wanting to talk to you today, I invited you because someone asked me to help and be a middleman."

"Sir, please speak."

Lin Baicheng nodded.

Mailihao pondered and said: "Lin Sheng, you must know who is shorting Hutchison Whampoa by now, right?"

"really!"

Lin Baicheng secretly thought that it was true, and nodded: "I already know about this. HSBC's Mr. Shen Taipan told me about this. It is a group of British-owned families who worked together to short Hutchison Whampoa."

"Today it was they who asked me to help as an intermediary."

Maliho nodded slightly and said: "Now that Hutchison Whampoa's stock price has soared, they have decided to admit defeat, so they want to buy some Hutchison Whampoa shares from you, Lin Sheng, to repay HSBC to close their positions."

"Sir, my shares will not be sold."

Lin Baicheng immediately shook his head after hearing this and said solemnly: "Sir, I said at the press conference that Hutchison Whampoa's stock price will exceed 100 Hong Kong dollars. This is not to fool investors, but I really think that Hutchison Whampoa will be under my management." The stock price will exceed HK$100 per share. Therefore, before Hutchison Whampoa's stock price exceeds HK$100, I will never reduce my holdings or sell even one share."

"Oh? I didn't expect Lin Sheng to be so confident in Hutchison Whampoa."

Maliho was very surprised when he heard this. Lin Baicheng said at the press conference that Hutchison Whampoa's stock price would exceed 100 Hong Kong dollars, but many people did not take it seriously, thinking that Lin Baicheng was deceiving investors to buy Hutchison's shares. He also Thinking so, Lin Baicheng unexpectedly said that he was not deceiving people, which was quite surprising.

Lin Baicheng smiled and said: "If I didn't have confidence, I would have reduced my holdings of the company's shares long before Hutchison Whampoa was shorted and the stock price was above HK$60. So, I can only say sorry to Sir, myself The stocks will not be sold."

After hearing this, Maliho said: "Since Lin Sheng is unwilling to sell his shares, what about the shares repurchased by Hutchison Whampoa?"

"The shares that Hutchison Whampoa is buying back would have been sold at some stage, so it could be sold to them as long as the price is right."

Of course, Lin Baicheng doesn't mind selling the stock to the short side. It is not without benefit for the short side to admit defeat.

MacLehose did not make a bid, but said: "Lin Sheng, the short side has decided to admit defeat and buy the stock and return it to HSBC. This will be beneficial to you and Hutchison Whampoa, so I think you can offer it at a slightly lower price." Sell ​​the stock to the short side. In this way, the short side will no longer be short-selling and will definitely not cause trouble for Hutchison Whampoa. Otherwise, making trouble every day will not be conducive to the development of Hutchison Whampoa."

"Sir, there are things we all know."

Lin Baicheng was silent for a moment, and then said: "The Internal Revenue Service went to Hutchison Whampoa to inspect the accounts, the General Administration of Customs seized a Hutchison Whampoa transport ship, and Standard Chartered Bank even started a lawsuit with Hutchison Whampoa. Everyone is aware of this matter. Looking at it, I really want to know if they can continue to use public tools for private purposes and suppress Chinese businessmen if they want to."

Mailihao's face changed slightly, and he said seriously: "What are you talking about, Lin Sheng? Those investigations were in compliance with the procedures. They definitely did not involve the private use of public equipment, nor did they suppress Chinese businessmen. All of this is a market." free competition.”

"maybe."

Lin Baicheng smiled and stopped talking about this topic, and instead said: "Sir, I still say what I said, as long as the price is right, the more than 35 million shares repurchased by Hutchison Whampoa can be sold to the short-selling British family. However, if you want me Selling stocks to them at a low price is absolutely impossible.”

Looking deeply at Lin Baicheng, Mailihao asked: "Lin Sheng, how much Hong Kong dollars are you willing to sell these stocks for?"

"Since Jazz is the middleman, I still have to give Jazz face. Let's deal at yesterday's closing price of HK$57.3 per share."

Lin Baicheng knew very well that the price negotiated by Bill Harveys and others yesterday was 60 Hong Kong dollars per share. The price he mentioned was meaningless if it was higher than 60 Hong Kong dollars, and could only be lower than 60 Hong Kong dollars. If the transaction could be completed at a price of HK$57.3, he would completely accept it.

"Thank you Lin Sheng."

Maliho expressed his gratitude to Lin Baicheng for giving him face, and then said: "But Mr. Lin, the price is a bit high. They believe that if Hutchison Whampoa sells the stock, the stock price will inevitably fall sharply, so there should be a discount." , they offered 50 Hong Kong dollars per share.”

"this is impossible!"

Lin Baicheng refused without thinking: "Jazz, according to them, they are now eager to buy stocks and return them to HSBC. As they buy, Hutchison Whampoa's stock price will only go higher. I will sell it to them at a fair price." It’s good to see your face, Sir, that you didn’t ask for a premium from them, and they actually had the nerve to offer me a discount.”

"Jazz, I don't think we need to continue talking. They have no sincerity at all. Anyway, Hutchison Whampoa is not that short of funds now. There is no problem at all in waiting a month or two before selling stocks. They can also wait. Wait, what if Hutchison Whampoa’s stock price drops again in the next month or so?”

"Lin Sheng was joking."

MacLehose shook his head. The short-selling British families simply couldn't afford to wait, because they had to pay interest to borrow stocks from HSBC, and the interest was quite high. If they really had to wait a month or two, unless Hutchison Whampoa The stock price can fall by more than 30% on the current basis, otherwise they will not be profitable at all.

"Lin Sheng, the transaction price is still 50 Hong Kong dollars, but the Hong Kong government will transfer a piece of land to Hutchison Whampoa at a low price. What do you think? If this matter is not ended, the struggle between you two will not end. Once the struggle escalates, The Hong Kong government will inevitably intervene, which I don’t want to happen.”

Lin Baicheng thought for a while and said: "Sir, the actual transfer price of this land must be 300 million Hong Kong dollars lower than the normal price. What do you think?"

"Can!"

Mailihao nodded and agreed. Many British-owned families joined forces and were fully capable of promoting this matter without him having to do it, so there was no need for him to bargain.

Lin Baicheng continued: "Furthermore, I want cash for the shares Hutchison Whampoa sold to them. And I don't trust them and I don't accept credit."

"Lin Sheng, this is at least 1.75 billion Hong Kong dollars. I'm afraid they won't be able to raise so much money right away."

Mailihao thought for a while and said, "Lin Sheng, how about you two discuss the specific negotiations yourself?"

"fair enough."

Lin Baicheng nodded and did not refuse. Anyway, if the negotiation failed in the end, it would not do any harm to him.

Mailihao had finished talking about all the things he wanted to discuss with Lin Baicheng today. After that, the two of them chatted about other things while drinking tea. After another ten minutes, the two of them left the teahouse.