Reborn as a Hong Kong Tycoon

Chapter 321 He Huang's long and short battle () [Supplement]

"Okay, I got it!"

"The shares belong to HSBC itself. Since HSBC insists on reducing its holdings, what else can I say?"

"I still have things to deal with here, so let's do this first."

Lin Baicheng hung up the phone with an ugly face.

Shen Porridge from HSBC just called. He told Lin Baicheng that the board of directors of HSBC has decided to reduce its holdings of Hutchison Whampoa by 5% first. Tell Lin Baicheng about this first on the phone.

In the Xiangjiang stock market in this era, there is no prior announcement for major shareholders to reduce their holdings, and there is no saying that they can only reduce 1% of the total shares in the secondary market within three months. As long as they are willing, the number of shares reduced on the same day can be more. .

But on Monday the day before yesterday, HSBC said that it would not reduce its holdings for the time being, and only one day later, HSBC changed its decision.

When Lin Baicheng learned about this incident, he directly asked HSBC if he wanted to re-draft Hutchison Whampoa's property loan contract. If necessary, he could come to the door at any time. Only reducing the shareholding, there is no problem in cooperating with Hutchison Whampoa.

Lin Baicheng knew that it was because HSBC didn't want to tear up his face completely, so he didn't take the initiative to tear up his face, and stopped chatting with Shen Congee.

At 10:30 in the morning, HSBC issued an announcement to reduce its holdings of Hutchison Whampoa by 5%, and stated that it would not rule out the possibility of further reductions.

Hutchison Whampoa followed closely and stated that the company currently has no problems. Except for the temporary loss of investment, the negative news about the company is released by short sellers, so that shareholders can trust the company and continue to hold stocks. Sell ​​stocks at low levels.

It's a pity that following the release of HSBC's shareholding reduction announcement, Henry Cassack and others immediately increased their selling efforts at the price of 21 Hong Kong dollars. In addition, panic orders also followed suit, and Lin Baicheng's funds paid for more than 5000 million shares. All were smashed, and the stock price soon fell below the price of 20 Hong Kong dollars.

"Anyway, I have already reminded that the stockholders themselves sell at a loss, and it has nothing to do with me."

After Lin Baicheng learned that the stock price fell below 20 Hong Kong dollars, he couldn't help talking to himself.Although his complexion was a bit ugly, he was mainly angry because the short side had made a profit, not because his wealth had shrunk.

Lin Baicheng is very clear that when the gold price subsequently rebounds and breaks through the previous high, rising to 300 US dollars / ounce, 400 US dollars / ounce or even higher, the stock price of Hutchison Whampoa will inevitably break through the previous high of 70 Hong Kong dollars. Years will all come back.The stocks bought at the moment below 25 Hong Kong dollars can also make a fortune at that time, anyway, he can't lose money himself.

Therefore, Lin Baicheng was angry because he made the short side profit, which made him a little upset.However, Lin Baicheng is not going to continue to use the funds to do long trays. The money is not only used for acquisitions, but also used as a margin, and it cannot be used for a moment of anger.

If those funds are embezzled and some leverage is used, it will definitely blow the dog's head of the short side.It's not that Lin Baicheng has more money, but that the short side will have no stocks to sell later, and there is no way to go short, so after a certain level, the short side will definitely lose.

But the problem is, in case the international gold price suddenly plummets again during this period, if Lin Baicheng can't pay the margin temporarily, his long position will be liquidated, and his loss will be huge at that time.

in the exchange.

Henry Kessack and others were very happy when they saw Hutchison Whampoa's stock price falling below 20 Hong Kong dollars and continued to fall. This shows that many parties have no capital trays, at least until the stock price falls to a certain price.

They know very well that it is true that many parties have no resistance now, but if they dare to suppress the stock price to 10 Hong Kong dollars or even lower, there will definitely be funds entering the market to do more, and it is impossible to allow them to suppress the stock price without a bottom line .

Henry Cassack and others quickly discussed at what price to start buying back the stocks. After all, they had to buy back a sufficient number of stocks to return to the brokerage. Temporary success was not considered real success.

Henry Cassack and others sold a large number of stocks at the price of 21 Hong Kong dollars. Although they stopped selling stocks after breaking through this price, they sold a total of 4800 million shares at this price. If they want to make money, start The stock price bought cannot be too high.

After discussion, they decided to buy back the stocks starting from HK$16, but they had to buy them slowly, and they could not raise the stock price just because of buying stocks.At the same time, if the stock price rebounds due to their buying, when the stock price rebounds to a price close to 19 Hong Kong dollars, start to suppress the stock price and let the stock price fall again so that they can continue to buy back the stock.

Henry Kessack and the others have to guarantee at least 21% profit for short selling at 10 Hong Kong dollars, otherwise their profit will be too low.

Until the end of the early trading in the stock market, Hutchison Whampoa's stock price trend since then was under the control of Henry Cassack and the others.The stock price fell as low as 15.75 Hong Kong dollars, then rebounded, rebounded to 18.63 Hong Kong dollars, then fell again, and fell to 16 Hong Kong dollars.

The stock price of Hutchison Whampoa fluctuates between 16 Hong Kong dollars and 19 Hong Kong dollars. It can be said that the stock price has been manipulated by Henry Cassack and the others.When they buy stocks, the stock price rebounds and rises; once they sell stocks, the stock price is suppressed and falls.

Before the stock market closed in the morning, Wei Li came to Lin Baicheng's office to report to him.

Hutchison Whampoa asked major banks for loans in the morning. HSBC and Standard Chartered clearly rejected Hutchison Whampoa. Of course, Hang Seng Bank, which is controlled by HSBC, also rejected Hutchison Whampoa. A large number of other small and medium-sized banks also explicitly rejected Hutchison Whampoa.

However, there are those who refuse and those who are willing to talk, of course, the Bank of East Asia is the largest among the banks willing to talk.Of course, these banks are willing to lend money to Hutchison Whampoa, and the interest rate will definitely be higher than usual. Hutchison Whampoa is neither relative nor reason, why should it lend to Hutchison Whampoa when there are many negative news.

Wei Li asked Lin Baicheng if he wanted to get a loan from Bank of East Asia and other banks.

After hearing this, Lin Baicheng began to think about it. He was unhappy at the thought of getting a lot of money from the short side. Finally, he decided to ask Wei Li to contact various banks to see if he could get a loan of no less than 4 million Hong Kong dollars this afternoon.

If you can get a loan of at least 4 million Hong Kong dollars this afternoon, then make a loan and use the loan funds to buy back stocks.

If the loan is less than 4 million Hong Kong dollars, or if the loan cannot be completed today, then forget it.Hutchison Whampoa's loan is to stop the short side, whether it is too little funds or too late, it is meaningless.

(End of this chapter)