Reborn Xiangjiang as a Tycoon

Chapter 266 Wharf changes owner

Lin Baicheng said to Qin Lan: "Ask Yuan Tianfan to come over here tomorrow. I have something to say to him."

"yes!"

Qin Lan responded and wrote down this matter.

Qin Lan said: "I have already told Manager An about the fund, and Manager An will start working on it today."

"The funds raised for the second time this fund will not be raised publicly to the outside world. The fundraising time is until Friday. How much money is raised? After the fund raising is completed, remember to report to me the amount of funds raised.

Amount of funds.”

Officials in the Hong Kong government are willing to hand over more funds to Lin Baicheng, and Lin Baicheng will certainly not refuse such a good thing.

If you can help these people manage their funds and make money for them, of course, you will build up a network of contacts. Not to mention making waves in Hong Kong, at least you won't be targeted officially, which is a great guarantee.

Furthermore, if the fund obtains more than 100% profit from operating these funds, Lin Baicheng can share half of it, which is equivalent to using other people's money to make money for himself. Although the money may not be too much, only about tens of millions of Hong Kong dollars, but it is always better than

Lin Baicheng doesn't mind if it's not good.

The reason why the fundraising time is only five days is because the gold price has been adjusting recently, and Lin Baicheng plans to use the raised funds to invest in gold futures. If it takes too long, he is not sure whether the gold price will rise again.

The price of around US$210/ounce is not too high to enter the market.

"OK."

Qin Lan responded, and then reported on Bailong Commercial Club, Zhiyin Comics, Starlight Company, New Century Software and other companies. However, these were just trivial matters. Lin Baicheng only needed to know what happened in these companies.

"If you have nothing else, go and get busy."

After Qin Lan finished reporting, Lin Baicheng spoke up.

Qin Lan stood up and left, leaving behind some documents that required Lin Baicheng's personal signature.

These documents are not only from Hutchison Whampoa, but also from other companies. They are all documents involving relatively large amounts or relatively important projects, so they need to be personally reviewed and signed by the big boss Lin Baicheng.

Of course, Lin Baicheng delegates power to the managers below, but delegation of power is not unlimited. There must be a certain level of trust in his subordinates, otherwise he knows who will cheat him of his money.

Take Cheng Yufeng, Wei Li and others as examples. Maybe they can resist the temptation when faced with one million Hong Kong dollars or ten million Hong Kong dollars. But if this money is exchanged for one hundred million Hong Kong dollars or one billion Hong Kong dollars, can they still resist?

If you live there, then there will be a big question mark.

Sometimes, don't give your subordinates a chance to betray you. This is not only for your own good, but also for the good of your subordinates.

Lin Baicheng browsed the documents carefully. He read every document very carefully. After making sure there were no problems, he signed and stamped the documents.

The morning passed in such a busy manner. However, there were still a lot of documents left, and Lin Baicheng was still busy in the afternoon.

While eating at home at noon, Lin Baicheng received a call from Qin Lan.

"What happened?"

Lin Baicheng knew very well that Qin Lan would not call if there was nothing important at this time.

"Mr. Bao Yugang recently made an announcement on Global Shipping to acquire 20 million Wharf shares from the market at a price of HK$50 per share." Qin Lan's voice rang on the phone.

"One billion Hong Kong dollars, it seems that Mr. Bao has raised a lot of funds this time!"

Lin Baicheng couldn't help but raise his eyebrows. To be honest, the price was already quite high. You know, when he first paid attention to Wharf last year, Wharf's stock price was only about 12 Hong Kong dollars, with a market value of about one billion Hong Kong dollars.

Now Bao Yugang purchased Wharf's shares at a price of HK$50 per share. Wharf has a total of 90 million shares, equivalent to a market value of HK$4.5 billion, which has more than quadrupled in less than a year.

Hutchison Whampoa has doubled even more, reaching seven or eight times, but Hutchison Whampoa has at least made a profit of HK$1.8 billion, while Wharf has not changed at all.

However, although the premium is high, since Bao Yugang is willing to acquire shares at this price, it means that he recognizes the market value of Wharf, at least in the long run.

"Mr. Lin, Yum! Securities has a lot of Wharf stocks. Should we sell the stocks at this price?"

Qin Lan asked aloud, if it weren't for Yum Securities holding Wharf stocks, she would not have contacted Lin Baicheng at this time. Although this was a big deal, if it had nothing to do with Lin Baicheng, she could go to work in the afternoon

I will report this again later.

"Bao Sheng purchased the stock at such a high premium, and also purchased 20 million shares at once. Jardine will definitely not be able to compete with him. The stock price will not be too high, so just sell them all at this price."

Lin Baicheng said out loud that in the long run, the market value of Wharf will definitely be more than this, but in the short term of two to three years or even three to five years, if there is not much benefit, the share price of Wharf will be difficult to exceed the price of HK$50.

After all, Bao Yugang's purchase of Wharf at a price of 50 Hong Kong dollars per share is already a very high premium, which at least overdraws profits in the next few years. Unless he can make hundreds of millions of Hong Kong dollars in profits for Wharf like Lin Baicheng, otherwise 50

The price of the Hong Kong dollar is at least its highest point in several years.

"Okay Mr. Lin, I will contact Manager An right away."

Qin Lan responded and then hung up the phone.

At the same time, Henry Kaiserk, who was at home, also received a report from his subordinates and learned about Bao Yugang's acquisition of Wharf stocks.

Henry Caesar was shocked. He did not expect Bao Yugang to make a sudden attack and have such sufficient funds. He immediately asked the management to contact the company to hold a meeting and rushed to the company at the same time.

Bao Yugang spent 1 billion Hong Kong dollars in real money to buy stocks. Jardine Matheson couldn't come up with so much money at the same time, and the price of 50 Hong Kong dollars per share was a bit too high. Jardine Matheson wasn't sure about the same price.

After acquiring stocks at a high price, will we be able to retain control of Wharf in the end?

If the company fails to retain control despite spending a huge price, it will be a serious harm to Jardine Matheson and make the already damaged Jardine Matheson even worse.

After discussion, Jardine Matheson decided to relinquish control of Wharf and sell a batch of stocks at a price of HK$50 per share to collect some funds to develop other companies in the group and increase holdings such as Land Corporation.

A company stock whose proportion is not very high.

When the stock market opened at noon, Wharf naturally attracted the most attention, with a large number of stocks traded at a price of HK$50.

In less than an hour, Bao Yugang acquired 20 million shares of Wharf. His shareholding ratio exceeded 40%, making him the largest shareholder of Wharf. The reason why it was so fast was mainly because of Yi.

He and Matheson sold a lot of stocks, and it is said that Jardine Matheson made a lot of money.

Bao Yugang became the largest shareholder of Wharf. Although he still needs to control the board of directors before he can control the company, it is only a matter of time before Wharf changes ownership.

(End of chapter)