Reborn as a Hong Kong Tycoon

Chapter 237 Discovered

On Friday, Lin Baicheng entertained Huo Yaohua, the big class of Standard Chartered, at Hutchison Whampoa.

Huo Yaohua contacted Lin Baicheng yesterday afternoon and said he wanted to visit him, so he asked Huo Yaohua to come to Hutchison Whampoa.

In Lin Baicheng's office, the secretary brought coffee in and went out.

While drinking coffee, Huo Yaohua said: "Lin Sheng, I came to visit today, first of all I want to ask you something."

"Master Huo, please tell me."

Lin Baicheng gestured.

Huo Yaohua said: "I want to ask, Lin Sheng, you bought a large number of shares in Wharf, wouldn't it be because you want to buy Wharf?"

Lin Baicheng was a little surprised when he heard the words: "How did Daban Huo know about this?"

"Chairman Henry Kessack of Jardine Matheson told me, and he also asked me to inquire about Lin Sheng's thoughts on your behalf."

Huo Yaohua sold Jardine Matheson without even thinking about it. After all, it can't be said that Standard Chartered Bank found out about this matter. It would be as if Standard Chartered Bank was monitoring Lin Baicheng's every move.The capital exchange between Standard Chartered Bank and Lin Baicheng is not small, and the bank does not want to lose its big customers because of helping others.

"It seems that Jardine Matheson responded very quickly."

Lin Baicheng was a little surprised. He only asked Anyuan to arrange for someone to buy Wharf stocks on Monday. This Friday, then yesterday Thursday at the latest, Jardine Matheson found out about it, and found out that he was buying.

Huo Yaohua said: "Jardine Matheson is one of the largest group companies in Xiangjiang. Its strength should not be underestimated. Lin Sheng, you suddenly made a fortune, and your network background is naturally inferior to that of Jardine Matheson. Therefore, Jardine Matheson wants to find out that it is Yum Securities. It’s not that hard to buy stocks.”

"Makes sense."

Lin Baicheng couldn't help but nodded in agreement when he heard the words, but he was thinking in his heart that Yum Securities has been exposed. If he has an important acquisition in the future, he will not be able to pass through Yum Securities, otherwise he will be telling others that he is doing it. .

It seems necessary to register another offshore investment company, and it is also necessary to separate it from Yum Securities in terms of management and operation, so that too many people should not know that the person in charge of management belongs to him, so that he can pass the offshore investment company. The company has made bolder moves.

There are still many advantages of offshore companies. The first is confidentiality, such as shareholder information, shareholding ratio, income status, etc. If shareholders are unwilling, they do not need to disclose it to the outside world.If you put on a few more layers of vest, it will not be easy for an official agency in the United States to investigate who an offshore company belongs to, and you can completely cancel the company before the investigation comes.

Another major advantage of offshore companies is that they can avoid taxes. The local government does not have any taxes on such companies and only charges a small amount of annual management fees.Take a company with an annual income of tens of millions of dollars or more as an example. Compared with the tax of no less than 5% in various countries, the annual management fee is nothing at all, so the tax can basically be ignored. This is what many capitals are willing to pay. Reasons for registering an offshore company.

Huo Yaohua didn't know that his words made Lin Baicheng think so much. He said, "Lin Sheng, can I tell you about this matter? If it needs to be kept secret, then forget it. Then I will directly tell Chairman Henry, Lin Sheng, have you Just tell me."

"Since it has been known, I have nothing to say."

Lin Baicheng smiled and said: "I personally want to acquire Wharf. After all, before acquiring Hutchison Whampoa, my goal was actually Wharf at the beginning. Later, by chance, I changed to Hutchison Whampoa. However, now Bao Sheng Sheng has acquired a large number of shares in Wharf, and Jardine Matheson also holds a large number of shares in Wharf, so the possibility of a successful acquisition is too low if I think about it.”

"The reason why I bought Wharf's stock is because I don't think that Baosheng and Jardine Matheson can coexist peacefully. The two of them will still fight for control of Wharf. At that time, Wharf's stock price will inevitably rise sharply." , so I will buy some shares first, hold them and wait for appreciation, which can be regarded as financial investment.”

This is the rhetoric that Lin Baicheng and Bao Yugang discussed to the outside world. At that time, they didn't think it would be used, but they didn't expect it to be used in just a few days.

"Thank you, Lin Sheng, for letting me know."

Huo Yaohua expressed his thanks aloud after hearing this, and he didn't care whether Lin Baicheng's words were true or not, anyway, he would tell Henry Keswick that when the time came, whether he believed it or not was a matter of Henry Keswick, and had nothing to do with him.

Lin Baicheng smiled: "This is just a small financial investment, there is nothing we can't say."

"No matter what, I still want to thank Lin Sheng for telling me about it."

Huo Yaohua expressed his acceptance, and then said: "Lin Sheng, what's more, I want to say that if Hutchison Whampoa has financial needs, I would like to ask Lin Sheng to take care of Standard Chartered."

"Hutchison Whampoa owes a lot of debts now, how dare Standard Chartered lend a lot to Hutchison Whampoa?"

Lin Baicheng couldn't help saying that Hutchison Whampoa already had debts of more than 13 billion Hong Kong dollars before his acquisition. Later, because of the agreement with HSBC, he borrowed another 5 million Hong Kong dollars from HSBC. The company's debts totaled more than 18 billion Hong Kong dollars. many.

Hutchison Whampoa has now shrunk the size of the company, reduced its business scope, and sold many companies, thus recovering a lot of funds, but most of these funds have been used to develop the real estate and retail industries.In addition, the stock repurchase made hundreds of millions of Hong Kong dollars a few months ago, so there is no shortage of funds for the time being, otherwise, we will need to borrow funds from the bank to develop the real estate and retail industries.

However, Hutchison Whampoa's debt of more than 18 billion Hong Kong dollars is still a bit worrying. At least the creditors will definitely worry that Hutchison Whampoa will have problems with its operations and will not be able to pay back the money.Therefore, it will take a lot of courage to lend money to Hutchison Whampoa at this time.

"The market value of Hutchison Whampoa is close to billion Hong Kong dollars, which is enough to explain the problem, so as long as Hutchison Whampoa needs it, Standard Chartered is very happy to lend to Hutchison Whampoa."

Huo Yaohua immediately said that the reason why he dared to say that was because he knew one thing, shortly after Hutchison Whampoa made a fortune investing in gold futures last time, it invested in gold futures again.In the past few months, the price of gold futures has rebounded to about 180 US dollars per ounce, and Hutchison Whampoa has made money on this investment. Even if the price of gold will fall later, Hutchison Whampoa is unlikely to lose money unless the price of gold A sudden plunge is more or less the case, but it's clearly less likely.

"If necessary, I will seek a loan from Standard Chartered."

Lin Baicheng agreed, provided that Hutchison Whampoa has a loan demand, otherwise forget it, after all, bank loans require interest.

Huo Yaohua didn't say any more after hearing the words, Lin Baicheng's words were enough.

Huo Yaohua didn't leave right away, but chatted with Lin Baicheng.In the middle, Shen Congee from HSBC called and also asked Lin Baicheng about his purchase of Wharf stocks. Lin Baicheng told Shen Congee the same.

(End of this chapter)