Reborn as a Hong Kong Tycoon

Chapter 342 Blowing the Bears (Part )

After Asia TV, it was a reporter from Oriental Daily that was pointed out.

"Lin Sheng, according to what you said, buying Hutchison Whampoa stocks now will definitely make money, right?"

The reporter's question was quite sharp.

"I didn't say that. I just analyzed the current stock price of Hutchison Whampoa. I am very confident in the company. I have never reduced my holdings before the company's stock price rose to a high of 70 Hong Kong dollars. It is enough to see that I have confidence in the company. How much confidence is there in the future?"

Lin Baicheng will definitely not say that buying Hutchison Whampoa now will definitely make money. He wants to leave a way out for himself. In case of accidents, causing Hutchison Whampoa’s stock price to drop again, then he said such a thing Doesn't it mean that he has cheated the majority of stockholders, and he has to be scolded to death.

"Lin Sheng, after Hutchison Whampoa was short-sold, the National Taxation Bureau and the General Administration of Customs investigated your company successively. Do you think this is a public device being used privately?"

"Nonsense, of course it is!"

Lin Baicheng, who listened to the reporter's question, couldn't help thinking in his heart, but on the surface he could only say: "Maybe it's just a coincidence. Although it is indeed a coincidence, the inspection by the State Taxation Bureau and the General Administration of Customs is just a routine. But I I believe that Hutchison Whampoa itself has no problems, so we are not afraid of any similar investigations."

"Lin Sheng, do you think that Standard Chartered Bank's sudden demand for your company's loan repayment is a short-selling method against Hutchison Whampoa?"

"I personally think it is very likely, but the loan withdrawal by Standard Chartered will definitely not affect the company. It can be seen from the company's recent loan of up to 6 million Hong Kong dollars from Bank of East Asia and other banks. Other banks still trust the company very much. "

"Lin Sheng, there have been negative negative news about your company in the market many times. Do you have any countermeasures?"

"Good question!"

Lin Baicheng said in a deep voice: "I am communicating with HSBC. I used 9000 million Hutchison Whampoa shares as collateral to obtain a loan of 10 billion Hong Kong dollars. Now it seems that this loan has too many shares mortgaged. I will repay the loan myself. Let HSBC return 9000 million shares. Once an agreement is reached with HSBC, there will be fewer shares in circulation, and I believe this will be a huge blow to the short side.”

"Lin Sheng, are you sure that HSBC will agree to return the shares at this time?"

“Of course, I have a good relationship with HSBC”

"Lin Sheng, if it is limited to three years, how much Hong Kong dollar do you think HSBC's stock price can rise to?"

"At least 100 Hong Kong dollars, because I will never reduce my holdings of stocks below this price."

"."

The reporters asked questions one by one, and Lin Baicheng answered them one by one, although many of the answers were insincere and not all true.

The press conference ended at 02:30 in the afternoon, but some important information was passed out before the end of the press conference.

The market still gave Lin Baicheng a lot of face. After the news spread, the stock price of Hutchison Whampoa immediately rose a wave, quickly rose to 35 Hong Kong dollars, and then slowly fluctuated upward.

In the VIP room where the British air side is located.

"Lin Baicheng is actually negotiating with HSBC to return the mortgaged stocks. What is HSBC doing?!"

"This kind of thing must not happen, otherwise we will have to die!"

"What are you afraid of? We have a contract. HSBC cannot move our stocks before liquidation, otherwise all losses will be compensated by HSBC."

"Don't be stupid, can't HSBC buy stocks from the market?"

"."

Many people were immediately upset because the news was too bad for them.

"Everyone calm down!"

John Ma Bin stopped shouting, and said in a deep voice: "This matter is just Lin Baicheng's one-sided statement. Whether it is true or not is not yet confirmed. It is not too late to confirm the truth with Shen Porridge."

"I'm here to make this call."

There was a landline phone in the VIP room, and Henry Kessack called immediately.

After a while, Henry Cassack hung up the phone and said to everyone with a smile: "Shen Congee said that there is no such thing at all, and he will contact Lin Baicheng to ask what is going on."

George Swire said: "It is necessary to expose him to the public. This news has too much impact on the market."

Michael Kadoorie shook his head: "It's almost 02:30 now. When we ask Shen Porridge to help expose the truth and announce it to the public, the stock market is almost closed. For the time being, let's think about whether to suppress the stock price."

Henry Kesak thought for a while and said, "We don't have many stocks in our hands. Just don't let the stock price rise above 40 Hong Kong dollars."

"That's the only way to go now."

After discussing with several people, they decided that when the stock price was about to go towards 40 Hong Kong dollars, they would sell a large order to suppress the stock price.

02:30 Not long after the press conference ended, Lin Baicheng learned from his secretary Qin Lan that Shen Congee had called, and asked him to reply immediately, saying that he had something urgent to contact Lin Baicheng.

Lin Baicheng guessed why Shen Congee was in a hurry to contact him, and when he returned to the office, he called Shen Congee back.

"Lin Sheng, I already know about the content of your press conference. You said at the press conference that you will take back 9000 million mortgaged shares from HSBC. Is there such a thing?"

"There is such a thing."

Lin Baicheng admitted aloud.

Shen Congee on the other side of the phone couldn't help being silent for a while, and then said: "Lin Sheng, we have a contract, and you yourself and Hutchison Whampoa have borrowed a lot of money from HSBC. Can't cooperate with HSBC?"

Although Shen Congee didn't say it clearly, Lin Baicheng could hear the threat in it, and he couldn't help curling his lips, but on the surface he still smiled and said: "Dapan, you misunderstood, we just agreed a few days ago, how can I Maybe suddenly change your mind and not cooperate with HSBC?"

"What do you mean, Lin Sheng?"

"At the press conference, I said that I was negotiating with HSBC. If you don't call Taipan, I will also contact Taipan to discuss this matter with Taipan. The mortgage of 9000 million shares of Hutchison Whampoa is only up to One billion Hong Kong dollars is too little, I think we need to talk about it.”

Lin Baicheng really felt that it was necessary to talk about this matter, whether it was to borrow more funds or reduce the pledged shares, he could accept it.

"This matter can indeed be discussed. I will apply to the board of directors. How about we talk about it in a few days?"

Shen Congee thought for a while and said, in his opinion, this matter can be discussed, but it cannot be discussed before the short sale is over, otherwise those British-owned families will definitely not accept it. After all, the negotiation between HSBC and Lin Baicheng is not good for the outside world.

"Alright!"

Lin Baicheng didn't force it, anyway, he never expected HSBC to stand by him.

(End of this chapter)