Reborn Xiangjiang as a Tycoon

Chapter 237 Discovered

On Friday, Lin Baicheng entertained Standard Chartered's chief executive Anthony Fok at Hutchison Whampoa.

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

In Lin Baicheng's office, the secretary came in with coffee and then went out.

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

"Taban Huo, please tell me."

Lin Baicheng gestured.

Huo Yaohua said: "I would like to ask, Lin Sheng, you bought a large amount of Wharf's shares, isn't it because you want to acquire Wharf?"

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

"It was Chairman Henry Caesar of Jardine Matheson who told me. He also asked me to inquire about Lin Sheng's thoughts on his behalf."

Huo Yaohua sold Jardine Matheson without thinking. After all, it cannot be said that Standard Chartered Bank found out about this matter. That would be like Standard Chartered Bank monitoring Lin Baicheng's every move. The financial transactions between Standard Chartered Bank and Lin Baicheng are not

Small, banks don't want to lose big customers by doing others a favor.

"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. Today, Friday, or at the latest Thursday, Jardine Matheson knew about it, and it was found out that he was buying it.

Huo Yaohua said: "Jihe & Matheson is one of the largest group companies in Hong Kong, and its strength cannot be underestimated. Lin Sheng, you have suddenly made a fortune, and your connections are naturally not as good as that of Jardine & Matheson, so Jardine & Matheson wants to find out that it is Yum!

It’s not difficult to buy stocks.”

"That makes sense."

Lin Baicheng couldn't help but nodded in agreement when he heard this, but he was thinking that Yum Securities has been exposed now. If he makes any important acquisitions in the future, he will not be able to go through Yum Securities, otherwise he will tell others clearly that he is doing it.

.

It seems very necessary to register a separate offshore investment company, and it is also necessary to separate the management operations from Yum Securities. Too many people cannot know that the person responsible for management belongs to him, so that he can use the offshore

The company has taken bolder actions.

There are still many advantages to offshore companies. The first is confidentiality, shareholder information, equity ratio, income status, etc. If the shareholders are not willing, they can not disclose it to the outside world. If they put on a few more layers of vests, even if they are American

It is not easy for official agencies to investigate who owns an offshore company. They can cancel the company before the investigation comes.

Another major advantage of offshore companies is that they can avoid taxes. The local government does not impose any taxes on such companies and only charges a small annual management fee. Take a company with an annual income of tens of millions of dollars or more as an example.

The annual management fee is nothing compared to the tax of no less than 5% in various countries, so the tax can basically be ignored. This is why many capitals are willing to register offshore companies.

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

Just tell me."

"Now that it's known, I have nothing to say."

Lin Baicheng smiled and said: "I personally want to acquire Wharf. After all, before acquiring Hutchison Whampoa, my target was actually Wharf at the beginning. Later, by chance, it was changed to Hutchison Whampoa. However, now

Mr. Sheng has already acquired a large number of shares in Wharf, and Jardine Matheson also holds a large number of shares in Wharf. The possibility of my further acquisition being successful is too low."

"The reason why I bought Wharf stocks is because I don't think Bao Sheng and Jardine Matheson can coexist peacefully. They will still fight for control of Wharf. At that time, Wharf's stock price will inevitably rise sharply.

, so I first bought some shares and held them for appreciation, which can be regarded as a financial investment."

This was the rhetoric that Lin Baicheng and Bao Yugang had discussed with the outside world. They didn't think it would be used at the time, but they didn't expect that it would already be used in just a few days.

"Thank you Lin Sheng for informing me."

Huo Yaohua expressed his thanks aloud after hearing this. He didn't care whether Lin Baicheng's words were true or false. Anyway, he would say so to Henry Caesar when the time came. Whether he believed it or not was Henry Caesar's business and had nothing to do with him.

Lin Baicheng smiled: "This is just a small financial investment, there is nothing that cannot be said."

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

Huo Yaohua expressed his gratitude, and then said: "Sheng Lin, one more thing, I want to say that if Hutchison Whampoa has financial needs, please ask Mr. Lin to take more care of Standard Chartered."

"Hutchison Whampoa currently owes a lot of debt. Does Standard Chartered still dare to lend a large amount of money to Hutchison Whampoa?"

Lin Baicheng couldn't help but say that Hutchison Whampoa already had debts of more than HK$1.3 billion before his acquisition. Later, because of the agreement with HSBC, he borrowed another HK$500 million from HSBC. In total, the company's debt totaled HK$1.8 billion.

many.

Hutchison Whampoa has currently shrunk the company's scale, reduced its business scope, and sold many companies, thus recovering a lot of funds. However, most of these funds have been used to develop real estate and retail industries. In addition, a few months ago

We have made hundreds of millions of Hong Kong dollars from stock buybacks, so we are not short of funds for the time being. Otherwise, we would have to borrow funds from banks to develop the real estate and retail industries.

However, Hutchison Whampoa's debt of more than 1.8 billion Hong Kong dollars is still a bit worrying. At least the creditors will definitely be worried that there will be problems with Hutchison Whampoa's operations and they will not be able to repay the money. Therefore, lending money to Hutchison Whampoa at this time

Hutchison Whampoa, that takes a lot of courage.

"Hutchison Whampoa's market value is nearly 10 billion Hong Kong dollars, which already explains the problem. Therefore, as long as Hutchison Whampoa is in need, Standard Chartered is very happy to lend to Hutchison Whampoa."

Huo Yaohua immediately said that the reason why he dared to say this was because he knew one thing. Shortly after Hutchison Whampoa made a huge fortune by investing in gold futures, he invested in long gold futures again. And in the past few months,

The price of gold futures has rebounded to about 180 US dollars per ounce. Hutchison Whampoa has made money from this investment. Even if the gold price will fall in the future, Hutchison Whampoa is unlikely to lose money unless the gold price suddenly plummets.

But this possibility is obviously very small.

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

Lin Baicheng agreed, provided that Hutchison Whampoa had loan needs, otherwise forget it, after all, bank loans require interest.

Huo Yaohua said no more after hearing this. Lin Baicheng's words were enough.

Huo Yaohua did not leave immediately after that, but started chatting with Lin Baicheng. In the meantime, Shen Chou from HSBC called and asked Lin Baicheng about his purchase of Wharf stocks. Lin Baicheng told Shen Chow in the same way.

(End of chapter)