In Hong Kong, we build a global business empire
Chapter 596 Lin Haoran’s Confidence
After the stock price fell to HK$26 per share, trading volume suddenly decreased.
Investors are not sure why the stock trading of Bank of East Asia is so strange.
But they also know how to be afraid.
It is no surprise that Bank of East Asia suffered such a huge sell-off. There must be some inside information that they are not aware of.
Almost all ordinary investors have experienced being "leeks".
Bank of East Asia announced good news on Friday, and then its stock price suddenly soared, even doubling.
But after Monday, stock trading volume remained high.
To this day, the market has even been smashed.
From Monday to Wednesday, although the stock trading volume was also large, the decline was large after all, and the stock price was occasionally pulled up.
But now, so many stocks were dropped at once, shocking everyone.
This situation is so similar to the situation when I was being cut like leeks in the past!
As a result, a wave of panic quickly spread among investors.
No one knows why or what happened.
But you don’t need to look to know that something is wrong.
The small and medium-sized shareholders who were originally hesitating whether to sell could no longer sit still and joined the selling army. Even though the price was already distressingly low, they no longer cared.
There are more and more pending orders, but the trading volume is getting smaller and smaller, and the accumulated orders are also increasing.
However, few people are willing to offer a price that is too low. HK$25 is already their psychological limit.
However, it was useless for them to place orders. At this moment, the trading volume of Bank of East Asia suddenly dropped from hundreds of thousands or millions of shares per minute to even 10,000 shares per minute.
This situation made investors even more panicked.
Most of them are just ordinary investors with narrow cognition. They don’t consider the real market value of Bank of East Asia at all. They only know that they have become leeks. At this time, they just want to run away as soon as possible, hoping to minimize the losses.
But we can’t keep lowering the price, right?
……
In Kangle Building, at Galaxy Securities Company, Lin Haoran had been keeping an eye on the changes in the share price of Bank of East Asia.
During these four days, he came over almost every day to check on the situation of Bank of East Asia.
Especially today, he kept a close eye on it during the entire trading session.
Although Li Fushu became a traitor, he was still a kind person. He told Lin Haoran that Huifeng Bank had given the Li family four days.
So, when he saw that the share price of Bank of East Asia continued to fall, he was actually very happy.
Since they have already planned to privatize Bank of East Asia, the restriction imposed by the CSRC that his shareholding cannot exceed 51% has naturally become a mere decoration.
The lower the stock price, the better!
In this way, the cost of privatization will be lower.
"Boss, the orders for Bank of East Asia's stock between HK$25 and HK$26 have exceeded 600 million shares, and are still continuing. Should we buy them?" Dai Shi put down the phone and turned to ask Lin Haoran.
Lin Haoran looked at the wall clock. It was already 3:50 in the afternoon, which meant that the market was about to close.
If he gave the order now, the six million shares would be readily available.
However, Lin Haoran thought about it and finally shook his head.
"Don't be in a hurry, just watch quietly." Lin Haoran said with a smile.
Just by crashing the market, the share price of Bank of East Asia returned to the price before he took over.
So, once Huifeng Bank joins forces with other banks and announces the isolation of Bank of East Asia, won’t Bank of East Asia fall even more?
The most important thing is that he has not yet announced the transfer of the financial businesses of his subsidiaries such as Hutchison Whampoa Group and Hong Kong Electric Group to Bank of East Asia.
The initiative has always been in his hands.
These companies have not confirmed the transfer of their financial businesses. In addition, with the targeting of Bank of East Asia and other banks, how much can the market value of Bank of East Asia be worth?
Therefore, he was not worried at all that someone wanted to make a fortune from him by using Bank of East Asia's shares.
Nowadays, those forces with some strength are trying to stay away from it.
"Dang Dang Dang~"
As the closing bells rang at major stock exchanges, stock market trading also stopped.
The final transaction price of Bank of East Asia stopped at HK$25 per share.
Although the trading volume in the last ten minutes was very small and most people were bidding at HK$26, there were a small number of investors who bid at HK$25, which was enough to push the share price to HK$25 per share.
The inexplicable crash of Bank of East Asia has become a hot topic of discussion among the whole nation.
Especially those investors who bought at the peak are now regretting it.
They knew that they had once again become the leeks.
Moreover, the use of leeks is inexplicable.
They still don't know what happened during this period.
Why did this happen to the stock price of Bank of East Asia, which was clearly a promising bank?
As an important shareholder, the Li family does need to announce the sale of shares if they want to. However, the time of announcement is very flexible. They only need to notify other important shareholders in writing in advance and obtain their consent, and do not need to announce it in advance.
Now, other important shareholders, except Lin Haoran, are basically in cahoots with the Li family.
At the same time as the Li family was selling off, they had already started selling off.
And Lin Haoran had already agreed to their sale.
Therefore, there is absolutely no obstacle for the Li family and other important shareholders to sell their shares in Bank of East Asia.
"I wonder how the Li family's selling is going?" Lin Haoran thought to himself.
This matter is a secret to the Li family, so he didn't ask about it in the past few days.
However, just as I was thinking about this, the mobile phone next to me rang.
"Haoran, it's me." Li Fushu's voice came from the other end of the phone.
From his voice, Lin Haoran could feel that the other person was in a good mood.
"Mr. Li, it seems that you have made a lot of money in the stock market?" Although Lin Haoran didn't know why the other party called him, he still asked politely.
"It is indeed going very smoothly, but I still have a lot of Bank of East Asia shares in my hands. I called you this time to ask if you have any idea of buying my remaining shares. Don't worry, we will give you a good price." Li Fushu laughed loudly.
"Oh? How many shares are left? What price do you want to offer? If the price is right, I don't mind taking it." Lin Haoran asked.
"932 million shares. If you, Haoran, want to buy them, I can make the decision and sell them to you at HK$25 per share!" said Li Fushu.
They also know that selling it at HK$26 is a bit unrealistic.
The most important thing is that Huifeng Bank told them last night that it had convinced most of the banks in Hong Kong.
As of last night, according to Shen Bi, except for Citibank and a few foreign banks that do not have much business in Hong Kong, all other banks, both foreign and Chinese, have been persuaded by Huifeng Bank.
The isolation of the Bank of East Asia has been decided.
This matter cannot be changed.
Therefore, after discussion between the Li family father and son, they decided to sell it at HK$25.
"It's too high!" Lin Haoran refused directly.
"Haoran, I know that you are definitely planning to privatize the Bank of East Asia next. In that case, the stocks we hold are very necessary. If you don't acquire our stocks, then you won't be able to successfully privatize it, right?" Li Fushu, who was far away at the headquarters of the Bank of East Asia, frowned and said.
“That being said, you and I both know that Huifeng Bank is about to declare war on Bank of East Asia. You have chosen to withdraw from Bank of East Asia. I guess you are not optimistic about the future of Bank of East Asia, right?
In addition, if nothing unexpected happens, the share price of Bank of East Asia will continue to fall tomorrow. Among the major business forces in Hong Kong, there should not be many people who are optimistic about me. I am aware of this.
In this case, how much do you think the share price of Bank of East Asia is still worth? In addition, I tell you the truth, before the successful privatization, I have no intention of transferring the business of companies such as Hong Kong Land Group to Bank of East Asia!
Mr. Li, I am not afraid to tell you that now that things have come to this, why should I continue to let everyone take advantage of me? " Lin Haoran finally said a very deterrent "trump card".
This is his bottom line.
After all, companies such as the Hong Kong Land Group and the Hong Kong Electric Group are all his industries. He can transfer the financial business if he wants to, and no one can do anything to him if he doesn't want to.
This is not a business that was built by Bank of East Asia itself, but Lin Haoran's personal business.
There was a brief silence on the other end of the phone. Li Fushu was obviously caught off guard by Lin Haoran's straightforward and accurate analysis.
After being isolated, if Lin Haoran did not transfer the business of companies such as the Hutchison Whampoa Group to Bank of East Asia, then Bank of East Asia would not have much value in Li Fushu's eyes.
"By the way, dozens of reporters have gathered downstairs. I will tell them later that the Hong Kong Land Development and HK Electric Group have not transferred their businesses for the time being. Once this matter spreads throughout Hong Kong, I think you should be able to imagine how low the share price of Bank of East Asia will fall!" Lin Haoran continued.
Now, the Li family is no longer his ally, so there is no need for him to be polite.
Moreover, in his case, it is not about manipulating stock prices.
If even Huifeng Bank's isolation of him is considered stock price manipulation, then that would be unfair.
Now, Lin Haoran is the real chess player in the game of Bank of East Asia, and the initiative of the situation is firmly in his hands.
As for how to deal with the joint isolation from Bank of Hong Kong and the entire Hong Kong banking industry, that will be a matter after his privatization is successful.
For now, he doesn't think so far ahead.
Upon hearing this, Li Fushu's originally happy mood suddenly fell into an ice cellar, and the hand holding the phone unconsciously clenched.
At this moment, he regretted why he set the lower limit price for selling the stock at HK$26.
He always believed that Lin Haoran must want to privatize Bank of East Asia.
In this way, he also has a certain degree of initiative.
But now it seems that I have no initiative at all.
These more than nine million shares have become a burden.
If I had known this earlier, I would have sold more just now.
But now, there is no use regretting.
"Mr. Lin, what price would you like to pay to buy back the stocks from me?" Li Fushu's way of addressing Lin Haoran had changed and was no longer so intimate.
"20 Hong Kong dollars, I'll give you a chance today. If you choose to sell today, I can close the deal at this price. But if you refuse, I'll buy it at the market price tomorrow. As for what the price of Bank of East Asia will be tomorrow, you might as well take a gamble!" Lin Haoran said with a smile. (End of this chapter)
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