Reborn as a Hong Kong Tycoon

Chapter 162 Secret Calculation

It's still the same teahouse in Central, and it's still the private room, and there are still Li Jiacheng and Feng Jinxi in the private room.

However, unlike last time, this time it was Li Jiacheng who invited Feng Jinxi to drink tea here.

We drank tea and chatted.

"Brother Li, you don't simply want to invite me to drink tea today, do you?"

Feng Jinxi asked with a smile, although there is such a possibility, he doesn't think so.

"Brother Feng can see it, so let me get down to business."

When Li Jiacheng heard the words, he straightened his expression and said, "Last time, thanks to Brother Feng's reminder, I knew that Lin Baicheng was buying Cangjiang Industrial's shares. This time, whenever something good happened, I thought of you, Brother Feng. Courtesy reciprocity."

"Oh? What a good thing?"

Feng Jinxi's heart moved when he heard this, and a smile appeared on his face.

"Is such that."

Li Jiacheng said: "Brother Feng, you also know that I have a grievance with Lin Baicheng, so I pay close attention to him and the industry under his name, especially the company Hutchison Whampoa. I asked about it more than a month ago. A piece of news related to Hutchison Whampoa, Lin Baicheng sold all his short-term investments in Hutchison Whampoa, and used all the recovered funds for investment. Brother Feng, do you know what he invested in?"

"What did you invest in?"

Feng Jinxi asked cooperatively.

Li Jiacheng said with a smile: "He invested in gold futures, a total of 1.5 million US dollars, and even used 5 times leverage with HSBC."

"Playing so much?"

Feng Jinxi couldn't help being surprised when he heard the words, and said with a smack: "The current market value of Hutchison Whampoa is only a little more than 26 billion Hong Kong dollars, but he dared to use more than 5 million Hong Kong dollars to invest in gold futures, and he even used 10 times the leverage. A % loss is equivalent to losing half of the principal, more than three billion Hong Kong dollars, he is really bold."

"Yes, young people are bold."

Li Jiacheng was also quite emotional, shaking his head and said: "And according to my understanding, this investment was decided by him. He only reported to the board of directors after he invested in gold futures. It was not discussed with other shareholders at all. Invested afterward."

"It's too offensive to other shareholders to do so."

Feng Jinxi couldn't help shaking his head when he heard this: "Although he is the largest shareholder with a shareholding ratio of more than 40%, the other major shareholders can't do anything to him together, but it is still possible to add obstacles to him in terms of the board of directors and company management. It shouldn't be done."

"You are young, and the acquisition of Hutchison Whampoa is just when he is full of ambition. How can he consider the feelings of other shareholders?"

Li Jiacheng smiled, this is better for him, if Lin Baicheng is an old fox who has worked hard in the mall for many years, it must be difficult to deal with, and he will be in trouble if he has a grievance with Lin Baicheng.

"That's true."

Thinking that Lin Baicheng only made his fortune last year, but now he controls a company as big as Hutchison Whampoa. It is a time when life is proud and he will be defiant, so Feng Jinxi couldn't help nodding in agreement.

Li Jiacheng said: "At the beginning, I didn't pay much attention to it. Didn't the price of gold rise to above $195 per ounce? At that time, I wanted to know whether Lin Baicheng's investment was long or short. If it was long, Then Lin Baicheng made money, and shorted it lost money.”

"Then is he long or short?" Feng Jinxi asked.

"Do more."

Li Jiacheng said: "I asked people to spend some money to inquire, and it was very clear that Lin Baicheng was long gold futures, and the cost price he bought was 188 US dollars per ounce. When the gold price rose to its peak, he made about 5%. 5 times leverage is to earn 25% of the principal, which is about 1.5 million Hong Kong dollars."

"I didn't pay attention at that time. After all, Lin Baicheng made money. However, the price of gold recently fell below 180 US dollars per ounce. I wanted to know what was going on with Lin Baicheng's investment, so I spent money again to find the investment manager of Hutchison Whampoa. Los, learned from him that the investment in Hutchison Whampoa has not moved at all. In other words, based on the original purchase price, Hutchison Whampoa’s investment is now losing money instead.”

Lin Baicheng asked An Yuan and Yuan Tianfan to operate in London, so Fross didn't know that Hutchison Whampoa's gold futures investment had changed.

In the entire Hutchison Whampoa company, only Wei Li knew about this matter, and the operating changes have not been notified to the board of directors. Lin Baicheng and Wei Li are planning to wait until the end of April for the quarterly report statistics to notify the board of directors.

Except for Hutchison Whampoa Company, because it borrowed the channel of HSBC Bank, apart from Yuan Tianfan who operated it, Shen Congee might know about the investment changes. It mainly depends on whether Shen Congee paid attention to this investment later.If you pay attention and check it, you will know it, but if you don’t check it, you won’t know it.

"After doing the math, Hutchison Whampoa's investment has now lost about 5%, and 5 times leverage is 25%, which is about 1.5 million Hong Kong dollars."

Feng Jinxi made some calculations, then looked at Li Jiacheng and said, "Brother Li, don't you want to short Hutchison Whampoa?"

"Exactly."

Li Jiacheng nodded and admitted, and said: "The stock price of Hutchison Whampoa is still running below 7 Hong Kong dollars. It can be seen that the market is not optimistic about the development of the company after Lin Baicheng took over Hutchison Whampoa. If it is revealed at this time that Lin Baicheng used the company's funds to invest If we lose more than million yuan, the stock price will definitely drop sharply, and we will definitely make a lot of money by shorting it."

Feng Jinxi pondered and said: "Compared to Hutchison Whampoa's current market value of more than 26 billion, although a loss of more than million yuan is not a lot, it is not too big. I am worried that after Lin Baicheng and Hutchison Whampoa rescued themselves, the stock price will continue to decline. The drop won't be too big."

"I also have this concern, so I want to wait until the price of gold falls to 175 US dollars per ounce, or even 170 US dollars per ounce before doing it. At that time, it will be safer for us to short and the profit will be greater."

Li Jiacheng did not instigate Feng Jinxi to do it immediately, because he himself was worried that he would not be able to make much money by shorting, not to mention that he would not make much money, and it would arouse Lin Baicheng's vigilance, which would not do him any good.

Now that he has made a move, he will definitely hit the enemy's weakness, and the opponent will suffer heavy losses in one go, instead of being indifferent, so he might as well not do it, and look for opportunities later.

"Okay, as you said, Brother Li, wait until the price of gold drops a little bit before we talk about it."

Li Jiacheng was not blinded by grievances, Feng Jinxi was very satisfied and felt that he could cooperate with Li Jiacheng.

As for offending Lin Baicheng by doing so, Feng Jinxi didn't take it to heart at all. If everything went well, he could at least earn tens of millions of Hong Kong dollars from Hutchison Whampoa, even hundreds of millions of Hong Kong dollars is not out of the question.

With such a large profit, so what if he offended Lin Baicheng?The two of them were not friends in the first place, and if they were offended, they would be offended. Feng Jinxi would not have trouble with money.

(End of this chapter)