Reborn Xiangjiang as a Tycoon

Chapter 324 Hutchison’s long-short battle (6) [Supplement]

After leaving the Huo family, Lin Baicheng went directly to Hutchison Whampoa.

Although it is only after one o'clock and the company's official working time is two o'clock at noon, the Xiangjiang stock market has already opened. The company's investment department is arranged to keep an eye on the company's stock price at all times, so it has arrived at the company early. Lin Baicheng can know the company's real-time

share price.

In the absence of interference from over-the-counter funds, Hutchison Whampoa's stock price has been controlled by the short-seller British family. After the market opened at noon, the stock price still fluctuated between 16 Hong Kong dollars and 19 Hong Kong dollars, and the short-sellers continued to accumulate funds in this range.

Just as the time was approaching two o'clock, a large amount of money suddenly appeared and kept buying Hutchison Whampoa's stocks. Even Henry Kaiser and others who tried to sell millions of shares were still bought.

Obviously, this is a large amount of funds entering the market to go long.

"Wait and see first, don't rush into action."

After discussing it, Henry Kaesik and others decided to wait and see how strong this fund was before making any response.

The funds that appeared in this stock were Guo Henian's funds. After the stock price rebounded to above 20 Hong Kong dollars, he stopped buying it and waited until Hutchison Whampoa's stock price dropped to 20 Hong Kong dollars again before buying again.

Henry Caesar and others watched for about ten minutes, and also found out that the sudden appearance of funds was purchased through the Bank of East Asia, but the specific funds were not known for the time being.

"Guys, what do you think?"

"This stock is obviously trying to buy the bottom below HK$20. We can't just watch it continue to buy. This will bring up the stock price and allow more funds to enter the market to buy. People who originally wanted to sell will also hold on.

Share to watch.”

"If that were the case, we wouldn't be able to buy a sufficient number of shares below HK$20."

"The cost price of the 70 million shares we shorted at the beginning was above HK$30, so we don't have to worry about it for the time being. Later, we sold 48 million shares at the price of HK$21. After that, we bought nearly 13 million shares back, and now we still have more than 35 million shares.

The cost price is HK$21. If we start buying back stocks now, we won’t suffer losses, but basically don’t think about making money.”

“In addition to wanting to make a fortune by shorting Hutchison Whampoa, we also wanted to suppress Hutchison Whampoa and the Chinese capital Lin Baicheng, so that more Chinese capital would know how powerful our British-owned family is, so that they would not dare to reach out again.

"

"Hutchison Whampoa, Wharf, Hong Kong Electric, these companies were previously controlled by our British capital, but now they have been acquired by Chinese capital. If we don't take action, more Chinese capital will target them.

With the business under our name, we will be very busy at that time.”

"Yes, buying back the stock now can indeed ensure that our short selling will not lose money, but Hutchison Whampoa's stock price will definitely rise in the future. Our purpose of suppressing Hutchison Whampoa will not be achieved at all, so this action will be useless.

It makes no sense. Therefore, I think we should continue to suppress the stock price of Hutchison Whampoa and drive the stock price down. Even if a large amount of funds take over, at most we will lose some money. If it is shared among so many of us, everyone’s loss will be quite limited.

.”

“However, if we suppress Hutchison Whampoa’s stock price and let Chinese capital see our determination, I believe that when another Chinese capital wants to acquire our company, they will carefully consider whether they can withstand our pressure.

"

"I also support continuing to short."

"That's right, continue shorting and suppress Hutchison Whampoa's stock price!"

"I also support short selling, let everyone express their opinions."

“Short!”

"Short."

After some discussion, Henry Caesar and other British-owned families decided to continue shorting Hutchison Whampoa and suppress the stock price.

After the short side made the decision, a large number of sell orders appeared on the stock market, and soon Hutchison Whampoa's stock price dropped to around 18 Hong Kong dollars.

After reacting, Guo Henian's funds immediately began to increase their efforts to take over orders, taking as many as they offered.

The funds of the long and short sides started fighting again. At this time, the vast majority of the funds stopped buying, and the shareholders who held shares stopped selling, waiting for the game between the long and short sides to end. Of course, only the vast majority did not move.

At any time, there are risky funds who choose to buy, and people who are afraid of heights choose to sell.

At around two o'clock, Lin Baicheng, who was in Hutchison Whampoa, heard good news from Wei Li. Several banks, including the Bank of East Asia, were willing to give Hutchison Whampoa a total loan of HK$600 million, as long as they used real estate of the same value as collateral.

.

In other words, these banks gave Hutchison Whampoa a full loan on the collateral, and their intention to make good friends with Hutchison Whampoa was quite obvious. Among them, Bank of East Asia gave a loan of HK$400 million, and the other banks combined a loan of HK$200 million.

After Lin Baicheng learned about this, he immediately asked Wei Li to arrange for relevant personnel to sign a loan contract with the bank, and at the same time arranged for investment personnel to open an account at the corresponding lending bank. After the company announced the buyback news, he began to buy Hutchison Whampoa's shares.

Two-thirty past, Hutchison Whampoa's loan procedures were still being processed, and the funds had not yet arrived. However, the long-short war in the stock market had come to an end.

After Henry Kaiser and others sold 24 million shares, they finally suppressed the stock price again. After discussion, they still did not suppress Hutchison Whampoa's stock price below 15 Hong Kong dollars. They stopped when it was close to 15 Hong Kong dollars and started.

Buy it back.

If the pressure continues, Hutchison Whampoa's market value will fall below HK$6 billion. They are worried that there will be funds that think Hutchison Whampoa's stock price is undervalued, and then enter the market to buy the bottom, which will give them another opponent.

This time, in order to suppress the stock price, they sold 24 million shares. Now they only have about 1 million shares left. If the bulls are stronger, they will be the ones who cannot hold on.

In the morning, in order to sell down the long stocks at 21 Hong Kong dollars, they sold 48 million shares. Thanks to the 40 million shares they borrowed from securities, and the 20 million shares that HSBC had reduced its holdings by secretly buying at a premium, they were left with 1,200 shares after selling.

Thousands of shares.

Fortunately, they bought 13 million shares later, otherwise they would not be able to withstand Guo Henian's 500 million Hong Kong dollars to buy. This is because Guo Henian took over a lot of retail investors' stocks, otherwise they would have to sell about 2 million shares.

At that time, they will not have enough stocks to sell, and the bulls will win, and the situation will inevitably change drastically.

After suppressing the stock price, Henry Caesar and others began to buy low and sell high again, controlling Hutchison Whampoa's stock price between HK$15 and HK$18, and continued to accumulate funds.

Speaking of which, the stock price has reached its current level. Whether Lin Baicheng made the first purchase at a cost price of HK$23.85 or the second purchase at a cost price of HK$21, when going long with five times leverage, the lowest loss exceeded

As much as 20%.

Fortunately, Lin Baicheng had already told Maori Haruko and the others to pay attention to replenishing the margin. Before the price of 21 Hong Kong dollars collapsed, they replenished the margin of 100 million U.S. dollars. The maximum drop could be as much as 40%. After the average cost price of the two purchases,

, as long as the stock price does not fall below 14 Hong Kong dollars, it is safe.

(Both chapters about asking for leave have been completed)

(End of chapter)