Reborn as a Hong Kong Tycoon

Chapter 821
(not modified yet)
HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

HSBC.

Bao Yugang came to look for Shen Porridge the second day after he met Lin Baicheng, explaining why he came.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

"I do intend to sell Hutchison's shares, but since Baosheng is not the one who really wants to buy them, we need to have a good discussion on the price."

Shen Porridge doesn't mind selling Hutchison Whampoa's shares, and even HSBC itself intends to sell the Hutchison Whampoa shares in its hands. Taking advantage of the improvement in Hutchison Whampoa's operation and the market value has rebounded a lot, it is best to sell it quickly the best choice.

When it took a stake in Hutchison International in 75, HSBC only spent 1.5 million Hong Kong dollars to obtain more than 33% of Hutchison International’s shares. Later, with the merger of Hutchison International and Whampoa Dockyard into Hutchison Whampoa, HSBC’s shareholding dropped to 22.5%. Based on the current market value of Hutchison Whampoa of more than 28 billion Hong Kong dollars, the value is more than million Hong Kong dollars.

This is still at the beginning of 1978. If HSBC waited until the end of 1979 in the previous life to sell the shares, the value of the Hutchison Whampoa shares held by HSBC at that time would be more than one billion Hong Kong dollars, which shows how much HSBC has earned.

However, HSBC is not sure about the future development of Hutchison Whampoa. Therefore, with a profit of about million Hong Kong dollars, the board of directors of HSBC has already intentionally sold the shares of Hutchison Whampoa.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

Hutchison Whampoa was indeed profitable last year, with a profit of more than 400 million Hong Kong dollars, and even paid dividends to shareholders, but that was the company doctor Wei Li reducing Hutchison Whampoa’s short-term investment. When the stock index returned to above points, A batch of stocks were sold and hundreds of millions of Hong Kong dollars were withdrawn. This is the heritage left by Hutchison Whampoa before.

Despite this, the foundation of Hutchison Whampoa is not stable. HSBC is very aware that Hutchison Whampoa has debts of more than 13 billion Hong Kong dollars, of which short-term debts have reached nearly 8 million Hong Kong dollars. What happened to Hutchison International will happen again to Hutchison Whampoa.

Therefore, in the face of this situation, HSBC certainly wants to sell its shares in Hutchison Whampoa.

You must know that HSBC not only holds a 22.5% stake in Hutchison Whampoa, but also owes HSBC hundreds of millions of Hong Kong dollars in loan debts. If Hutchison Whampoa collapses in a crisis, HSBC will lose more than 10 billion Hong Kong dollars.

Outsiders may not know the situation of Hutchison Whampoa, but how can HSBC, as the major shareholder and the main creditor of Hutchison Whampoa, be unclear.

A loss of 10 billion Hong Kong dollars, even if HSBC is the largest bank in Hong Kong and has the right to issue banknotes, it cannot afford the loss.After all, having the right to issue banknotes does not mean that HSBC can print banknotes at will without restriction. If it is really possible to print banknotes at will, then what kind of business is HSBC doing? Printing banknotes every day is enough.

(End of this chapter)