Reborn Xiangjiang as a Tycoon

Chapter 342: Beating the short sellers (4)

After Asia Television, the reporter who was called was the reporter from Oriental Daily.

"Lin Sheng, based on what you said, you will definitely make money if you buy Hutchison Whampoa's stocks now, right?"

The reporter's words were quite sharp.

"I didn't say that. I just analyzed the current stock price of Hutchison Whampoa. I am very confident in the company. I have not reduced my holdings before the company's stock price rose to a high of 70 Hong Kong dollars, which shows that I am very confident in the company.

How confident are you in the future?"

Lin Baicheng will definitely not say that buying Hutchison Whampoa now will definitely make money. He wants to leave a way out for himself in case something unexpected happens and the stock price of Hutchison Whampoa drops again. Then he said such a thing

Doesn't it mean that he has deceived the majority of stock investors, and he should be scolded to death?

"Lin Sheng, after Hutchison Whampoa was shorted, the State Administration of Taxation and the General Administration of Customs successively investigated your company. Do you think this is a public weapon being used for private use?"

"Nonsense, of course it is!"

After listening to the reporter's question, Lin Baicheng couldn't help but think to himself, but on the surface he could only say: "Maybe this is just a coincidence. Although it is indeed a coincidence, the inspection by the National Taxation Bureau and the General Administration of Customs is just a routine matter. But I

I believe that Hutchison Whampoa itself has no problems, so it is not afraid of any similar investigations."

"Lin Sheng, do you think Standard Chartered Bank suddenly asking your company to repay the loan is a short-selling method to target Hutchison Whampoa?"

"I personally think it is very likely, but Standard Chartered's loan withdrawal will definitely not affect the company. It can be seen from the fact that the company recently received a loan of up to HK$600 million from many banks such as Bank of East Asia. Other banks still have great trust in the company.

"

"Lin Sheng, there have been many negative news about your company in the market. Do you have any countermeasures?"

"Good question!"

Lin Baicheng said solemnly: "I am currently communicating with HSBC. Previously, I pledged 90 million shares of Hutchison Whampoa shares to obtain a loan of HK$1 billion. Now it seems that the shares pledged for this loan are too many. I will repay the loan myself.

Let HSBC return 90 million shares. Once an agreement is reached with HSBC, the number of shares circulating on the market will be fewer, and I believe this will be a huge blow to the short side."

"Lin Sheng, are you sure HSBC will agree to return the shares at this time?"

"Of course, I have a good cooperative relationship with HSBC"

"Lin Sheng, if it is limited to three years, how much Hong Kong dollars do you think HSBC's stock price can rise to?"

"At least 100 Hong Kong dollars, because below this price I will never reduce my holdings of stocks."

"."

The reporters asked questions one by one, and Lin Baicheng answered them one by one, although many of the answers were insincere and not all true.

The press conference ended at 2:30 p.m., but some important information was released before the press conference ended.

The market still gave Lin Baicheng a lot of face. After the news spread, Hutchison Whampoa's stock price immediately rose, quickly reaching 35 Hong Kong dollars, and then slowly fluctuated upward.

In the VIP room where the British-owned air company is located.

"Lin Baicheng is actually negotiating with HSBC to return the mortgaged stocks. What is HSBC going to do?!"

"This kind of thing must not happen, otherwise we will have to die!"

"What are you afraid of? We have a contract. HSBC cannot touch our stocks before the liquidation. Otherwise, all losses will be compensated by HSBC."

"Don't be stupid, can't HSBC buy stocks from the market?"

"."

Many people were immediately upset because the news was so unfavorable to them.

"Calm down, everyone!"

John Madan stopped and said in a deep voice: "This is just Lin Baicheng's one-sided statement. I haven't determined whether it is true or not. It's not too late to confirm the truth with Shen Zhou first."

"I'll make the call."

There was a landline phone in the VIP room, and Henry Kessar immediately went to make a call.

After a while, Henry Kasik hung up the phone and said to everyone with a smile: "Shen Porridge said that there was no such thing at all, and that he would contact Lin Baicheng to find out what was going on."

George Schweizer said: "It must be announced to the outside world to expose him. This news will have a great impact on the market."

Michael Kadoorie shook his head: "It's almost two-thirty now. When we ask Shen Chou to help expose the truth and announce it to the public, the stock market has almost closed. For now, let's think about whether to suppress the stock price."

Henry Caesar thought for a while and said: "We don't have many stocks in hand, so we just don't let the stock price rise above 40 Hong Kong dollars."

"That's all we can do now."

After some discussion, several people decided that when the stock price was going to 40 Hong Kong dollars, they would sell a large order to suppress the stock price.

Shortly after the press conference ended at 2:30, Lin Baicheng learned from his secretary Qin Lan that Shen Zhou had called and asked him to reply immediately, saying that he had something urgent to contact Lin Baicheng.

Lin Baicheng guessed why Shen Porridge was anxious to contact him, and after returning to the office, he called Shen Porridge back.

"Lin Sheng, I already know the content of the press conference you held. You said at the press conference that you would take back 90 million mortgaged shares from HSBC. Is this true?"

"That's what happened."

Lin Baicheng admitted aloud.

Shen Chow, who was on the other side of the phone, couldn't help being silent for a while, and then said: "Lin Sheng, we have a contract, and you and Hutchison Whampoa have borrowed a large amount of money from HSBC. Have you decided not to do it again in the future?" Can’t we cooperate with HSBC?”

Although Shen Porridge didn't say it clearly, Lin Baicheng could hear the threat in it. He couldn't help curling his lips, but on the surface he still smiled and said: "Taipan, you misunderstood. We just agreed a few days ago. How can I Maybe you suddenly change your mind and don’t want to cooperate with HSBC?”

"What do you mean, Lin Sheng?"

"At the press conference, I said that we were negotiating with HSBC. If you don't make this call, Taipan, I will also contact Taipan and negotiate this matter with Taipan. The 90 million shares of Hutchison Whampoa are mortgaged only to the extent of the loan. One billion Hong Kong dollars is too little, I think we need to have a discussion."

Lin Baicheng really felt that this matter needed to be discussed. Whether it was a loan of more funds or a reduction of pledged shares, he could accept it.

"This matter can indeed be discussed. How about I apply to the board of directors and we can discuss it in a few days?"

Shen Porridge thought for a while and said that in his opinion, this matter can be discussed, but it cannot be discussed before the short selling is over, otherwise the British-owned families will definitely not be able to accept it. After all, the negotiation between HSBC and Lin Baicheng is not good for the outside world.

"That's fine!"

Lin Baicheng did not force it. Anyway, he never expected HSBC to stand on his side.

(End of chapter)