We're building a super chaebol in Hong Kong
#361 - Action on the stock market
"Chen Xiang, this is Zhang Qizheng. I have something I need you to handle immediately.", Zhang Qizheng said directly after the call connected.
Chen Xiang is a team leader at Tianyuan Investment Company, stationed at the Hong Kong Stock Exchange, and also a good assistant to Zhang Qizheng.
"Mr. Zhang, please tell me what you need. I can arrange it at any time,", Chen Xiang replied immediately upon hearing Zhang Qizheng's voice.
"I need you to check immediately how many orders there are for Hong Kong Electric Holdings below HK$10,", Zhang Qizheng said.
"Okay, Mr. Zhang, I'll check right away and get back to you in three minutes,", Chen Xiang said.
Zhang Qizheng waited by the phone for Chen Xiang's reply.
This time, before the news of Tianyuan Investment Company's acquisition of Hong Kong Electric Holdings was revealed, he wanted to clear out all the Hong Kong Electric Holdings shares below HK$10 in advance.
Because, with the previous experience of Wharf, he predicted that once the news of Su Cheng's entry into Hong Kong Electric Holdings was revealed, Hong Kong Electric Holdings' stock would definitely rise sharply.
By then, buying Hong Kong Electric Holdings' stock would be much more expensive.
Currently, there are a total of 630 million shares of Hong Kong Electric Holdings. It would indeed be a bit of a loss if the stock price was between HK$8 and HK$10 per share, but the actual loss wouldn't be that much, as there aren't many pending orders on the stock market right now.
However, this could allow Tianyuan Su Cheng to increase its stake in Hong Kong Electric Holdings to over 50%.
Perhaps, when Su Cheng becomes the controlling shareholder of Hong Kong Electric Holdings, the stock price might break HK$10!
In less than three minutes, Chen Xiang called back.
"Mr. Zhang, I have already compiled the statistics. There are approximately 40.51 million shares with pending orders below HK$10, accounting for 6.43% of the total issued shares of Hong Kong Electric Holdings. Among them, 60% are between HK$6 and HK$7, and there aren't many pending orders between HK$9 and HK$10 per share. It would cost approximately HK$283 million to buy them all,", Chen Xiang reported.
"Okay, lead your team and sweep up these stocks for me at the fastest speed,", Zhang Qizheng ordered.
If they acquired them slowly, someone might notice the anomaly in Hong Kong Electric Holdings' stock within a few minutes.
At that time, some retail investors who had placed relatively low orders might withdraw them and relist them at higher prices.
Therefore, they had to operate at the fastest speed and have multiple traders cooperate.
Before others could react, they had to sweep up Hong Kong Electric Holdings' stock with lightning speed.
"Don't worry, Mr. Zhang, I guarantee the completion of the task!", Chen Xiang replied.
"Okay, then I'll leave it to you. The task is urgent, good luck,", Zhang Qizheng said before hanging up the phone.
At the same time, in London, England, thousands of miles away.
Yu Xing successfully contacted Rudolph and arranged to meet at the headquarters of Su's Group's European branch, formerly the Riverside Building in London, now renamed Su's Group Building.
After all, signing contracts and using fax machines are more suitable to be done in an office.
Rudolph had already received a call from Mario earlier and was naturally very cooperative.
Half an hour later, the two finally met at Su's Group Building.
After meeting, the two chatted for a while, and then Yu Xing called Zhang Qizheng again, asking him to fax over the contract template.
Basically, while Chen Xiang was leading the team to fight in the stock market, Yu Xing and Rudolph were already in the process of signing the contract.
"Mr. Zhang, they want to go to Tianyuan Building to get their funds,", Wei Li walked over and whispered in his ear while Zhang Qizheng was waiting by the phone for Yu Xing's news.
Zhang Qizheng looked at the time on his watch, it was already three o'clock in the afternoon.
At this time, if Chen Xiang's operation was successful, they would have basically acquired the stocks smoothly.
After all, Tianyuan Investment Company's funds are currently very sufficient.
So Zhang Qizheng went directly to Mario and the others, smiled and said: "I have already contacted the finance department of Tianyuan Company. Please take the contract directly to Tianyuan Company, and there will be dedicated personnel to handle the transfer matters for you. I still have something to do and can't leave, so I won't go with you."
"Since that's the case, Mr. Zhang, then we'll go first,", Mario said.
At this time, since the transfer contract had been signed, they were naturally eager to get the money.
Previously, they thought that Zhang Qizheng would go to Tianyuan Investment Company with them after finishing his work, but they didn't expect that Zhang Qizheng didn't intend to go back before handling this matter properly.
This also delayed their time to leave.
Otherwise, after they left, they might have revealed the news that they had sold Hong Kong Electric Holdings' stock.
At that time, it would be very bad for Chen Xiang and the others to operate in the stock market.
"Okay, take care,", Zhang Qizheng nodded.
Looking at their departing figures, Zhang Qizheng withdrew his gaze.
At this time, neither Chen Xiang nor Yu Xing had sent any news, so he could only wait here.
Originally, he wanted to call Su Cheng, but he knew that Su Cheng had gone to other places after saying goodbye to him in the morning, so he couldn't contact Su Cheng for a while.
If he wanted to report to Su Cheng, he could only wait until tonight.
"Mr. Wei Li, I'm sorry to bother you today, preventing you from going out to work,", Zhang Qizheng said to Wei Li apologetically.
After all, this matter was unrelated to Wei Li. Wei Li was in charge of Hutchison Whampoa, not Su Cheng's other enterprises.
"It's nothing. Everyone works under the boss. It's normal for you to help me and me to help you. Besides, after you finish your work, I should still have time to go to the Hutchison Telecom's laboratory, so it's not a bother,", Wei Li waved his hand indifferently.
However, before they had chatted for ten minutes, the phone rang again.
This time, the call came from Chen Xiang, who was located in the Hong Kong Stock Exchange.
"Mr. Zhang, I have a message to report to you. Our operation has been successfully completed. Before other shareholders had time to react, our trading team successfully absorbed all the planned shares, totaling 40,513,860 shares, with a total expenditure of HK$282.89 million,", Chen Xiang reported after the call connected.
"Okay, you guys did a good job. How is the market's reaction?", Zhang Qizheng asked with a smile.
"Our acquisition behavior has caused a certain impact on the Hong Kong Stock Exchange. Many shareholders have placed orders, and now, the number of pending orders for Hong Kong Electric Holdings' stock above HK$10 has surged,", Chen Xiang reported.
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