Reborn Xiangjiang as a Tycoon

Chapter 593 News fermentation (two-in-one)

If Xiangjiang Airlines is established, Guo Henian and Hu Yinxiang will each hold 20% of the shares. Therefore, they will also contribute to the establishment of Xiangjiang Airlines. Therefore, after learning that they are going to cause some trouble for the Swire Group, they will certainly not

reject.

This matter requires everyone to work together, and the benefits gained from the establishment of the company will belong to everyone.

Because this is not the place to discuss matters, Lin Baicheng and the others just confirmed the matter, and then discussed and agreed on a time to discuss it in detail.

Soon after, Wang Yiping and Li Fuquan found Lin Baicheng to chat. They asked Lin Baicheng about one thing, that is, if the mainland officials officially invited Lin Baicheng to visit the mainland, would Lin Baicheng go?

It was true that Lin Baicheng had been to Peiping, but that was not considered a formal official invitation, but a private invitation from the top officials to patriots like them to come and have a look.

In response to Wang Yiping's inquiry, Lin Baicheng immediately said that he would go there and was honored to receive the official official invitation. Although he was not sure whether this would affect his business, for the sake of the long-term future, even if

It doesn't matter if it has an impact.

Wang Yiping later said that an official official invitation was only a possibility and that he could not confirm it yet. He just wanted to consult Lin Baicheng about his attitude first, lest when the official invitation was issued, Lin Baicheng was unwilling to go out of concern, which would not be good for anyone.

Lin Baicheng expressed his understanding and said that if the mainland officials invite him to visit someday, please let him know in advance so that he can be mentally prepared.

…

Time soon came to Monday, December 31st, the last day of the year.

At the board meeting held this morning, all the directors came to attend the board meeting today, except for Henry Kasik, who sent someone to represent him because he did not have time to attend.

At the board meeting, Lin Baicheng once again proposed to increase capital and expand shares by issuing an additional 190 million shares.

This time, the British capital still raised objections, but this time the control of the board of directors was in the hands of Lin Baicheng, so the British capital's opposition was useless. The board of directors passed Lin Baicheng's motion and decided to issue an additional 190 million shares.

As for the additional issuance price of the stock, it has also been decided, which is 5 Hong Kong dollars per share, which is a little lower than the company's stock price as of last Friday. Such an additional issuance price will inevitably hit the company's stock price, but Lin Baicheng is not convinced

It doesn't matter, he doesn't mind if the company's stock price falls.

After the additional issuance of shares, HK Electric Group will have a total share capital of 1.5 billion shares, and Lin Baicheng currently holds 650 million shares. If he wants to maintain absolute control of HK Electric Group, he must hold nearly 750 million shares.

Lin Baicheng decided to increase his holdings by about 97 million shares, increasing the total number of shares to 747 million shares. As a result, he holds 49.8% of the company's shares, and no one can threaten him in terms of shareholding ratio.

97 million shares, 5 Hong Kong dollars each, so Lin Baicheng needed to spend 485 million Hong Kong dollars, and in order to make the British capital pay the price, he paid this money.

Because of the raid and trouble caused by the British capital, Lin Baicheng had to spend a large amount of money to increase his holdings of Hong Kong Electric Group's shares. Together with the temporary buyback and this additional issuance, he spent a total of HK$1.025 billion.

Lin Baicheng secretly calculated that when he first took control of HK Electric Group, he spent 1.75 billion Hong Kong dollars, and later spent 300 million Hong Kong dollars to increase his shareholding. Recently, he spent 1.025 billion Hong Kong dollars, adding up to the total spent on Hong Kong Electric Group.

3.075 billion Hong Kong dollars.

The market value of Hong Kong Electric Group is 1.5 billion shares. The current stock price is higher than HK$5, and the total market value is only about HK$8 billion. In other words, Lin Baicheng holds almost half of the shares, which is not much in terms of book value.

Profit.

This is still the current market value of HK Electric Group. It can be foreseen that the market value of HK Electric Group will continue to decline in the next period of time. By then, the company's total market value will fall below HK$6 billion. It will not be a problem for Lin Baicheng's investment to suffer book losses.

Not possible.

In addition to Lin Baicheng's determination to subscribe for 97 million shares of Hong Kong Electric Group's value this time, British Capital stated that Yingyao Company will also subscribe for 50 million additional shares and will not accept the continuous dilution of the shares.

Yingyao Company originally held more than 30% of the shares of Hong Kong Electric Group. The British capital has reduced its holdings in the past few days, but there are still 400 million shares left. Now that it subscribes for 50 million shares, the British capital will hold 450 million shares, which is exactly

It is 30% of the total share capital of 1.5 billion shares.

In recent days, British capital has gained nothing. With the persuasion of Shi Yadi Shihuai Ya and others, HSBC decided to attract British capital. However, HSBC did not take action personally, but asked Hang Seng Bank to take a stake in Yingyao Company.

It is true that the founder of Hang Seng Bank is Chinese, and the vast majority of bank executives are also Chinese, but this bank is controlled by HSBC. The banking crisis of 1965 allowed Hang Seng Bank to sell 51

% shares were sold to HSBC Bank.

Later, HSBC continued to increase its stake in Hang Seng Bank, raising its shareholding ratio to more than 60%. In 1972, Hang Seng Bank was listed. At that time, its market value had reached HK$1.65 billion. Although HSBC's shareholding was diluted, it still held a firm hold.

holds control of Hang Seng Bank.

Although HSBC usually rarely interferes in the management of Hang Seng Bank, if HSBC needs it, Hang Seng Bank must listen to HSBC. Therefore, HSBC allows Hang Seng Bank to buy shares in Yingyao Company. Without harming the interests of Hang Seng Bank, the management of Hang Seng Bank

Can only accept it.

As a result, Hang Seng Bank acquired 10% of the shares of Yingyao Company for HK$250 million. The HK$250 million was funds in the company's account and was not divided among the four British shareholders. This is very important.

After the British capital had 250 million Hong Kong dollars in funds, they used the money to subscribe for additional shares issued by Hong Kong Electric Group, which was enough to subscribe for 50 million shares. The British capital had discussed it before, and they would subscribe for 50 million this time.

If the money is not enough, each shareholder will contribute money according to the shareholding ratio. If there is any surplus, the remaining funds will be placed in the company account.

Yingzi asked Yingyao Company to subscribe for 50 million additional shares. Lin Baicheng was a little surprised by this, but then he understood that Yingzi was at odds with him and was not prepared to admit defeat easily.

In view of this, Lin Baicheng decided to let Hong Kong Electric Group increase its investment in the mainland, and invest all the funds obtained after the additional issuance plus the cash in the company's account into the mainland. It just so happened that the investment in the mainland would not be able to recover its capital in a short time.

The hope is that the stock price will continue to fall.

After the billions of Hong Kong dollars are almost spent, we will increase capital and expand shares to see if the British capital will follow. If they follow, it goes without saying that they will just pay; if they don't follow, they will wait for the shares to be continuously diluted.

Bar.

Of course, this is not without cost. The cost is that Lin Baicheng himself has to spend a lot of money, and the money will not see a return in the short term, so he is trapped.

At noon, Hong Kong Electric Group released a detailed announcement on the capital increase and share expansion. The company's stock price plummeted at the opening that afternoon, directly falling below the HK$5 price for the capital increase and share expansion. The market was obviously not optimistic.

Lin Baicheng is mentally prepared for this, and he no longer pays attention to it. For him, the affairs of Hong Kong Electric Group are over for the time being. The company will not do much for a long time in the future, and his attention will not be as high as before.

high.

However, this does not mean that Lin Baicheng is indifferent to HK Electric Group. After all, he has invested more than 3 billion Hong Kong dollars in this company, and there are British capital here. He certainly cannot let the company's stock price rise and let the British capital run away.

Road, once the stock price has a rebound trend, it must be suppressed.

Furthermore, the development of Hong Kong Electric Group in Hong Kong cannot be left behind, and CLP Power cannot take advantage of it and take away all the Hong Kong Electric Group's market.

Lin Baicheng wants to cheat British capital, rather than ruining the Hong Kong Electric Group. From a long-term perspective, he still needs to develop the Hong Kong Electric Group. Only in this way can his investment not lose money and make money.

.

In the afternoon, Lin Baicheng and Shen Porridge had afternoon tea at the Hutchison Hotel. Since the Hutchison Hotel opened, Lin Baicheng has made appointments here to meet others, and will never go to the Peninsula Hotel to entertain others in the future.

"Taban Shen, I would like to borrow 500 million Hong Kong dollars from HSBC, using stocks of corresponding value in Hong Kong Electric Group as collateral."

Lin Baicheng's loan of 500 million was to pay for the increase in shares held by Hong Kong Electric Group. He himself is rich, but the share price of Hong Kong Electric Group will be low for a long time, so Lin Baicheng does not need to use his own money to fill the gap.

Tricked.

If he borrows a loan from a bank, Lin Baicheng does not have to pay a penny himself, the money he has to pay is just the interest paid to the bank.

"There is no problem with the loan."

Shen Chou first agreed, and then said: "As for collateral, Hong Kong Electric Group's stocks are fine, but the market value of the mortgaged stocks must be slightly larger. I'm worried that Hong Kong Electric Group's stock price will fall in the future."

"Since Taipan said so, of course I will not make things difficult for Taipan. I will use stocks worth HKD600 million to borrow HKD500 million."

Lin Baicheng immediately said that anyway, he was not going to use the shares of HK Electric Group to make multiple loans, so whether he used shares worth 500 million Hong Kong dollars or shares worth 600 million Hong Kong dollars to make loans had no impact on him.

"Thank you Lin Sheng for your consideration. I can get a loan whenever Lin Sheng needs it."

Shen Porridge said with a smile that he knew that Lin Baicheng's current assets were definitely not short of HK$500 million. Therefore, even if HSBC did not give Lin Baicheng a loan, it would have no impact on Lin Baicheng, so there was no need for HSBC to let go of this loan business.

Lin Baicheng said: "After the capital increase and share expansion of Hong Kong Electric Group are completed, I will seek a loan from HSBC."

Shen Zhou asked aloud: "Lin Sheng, how about handing over the capital increase and share expansion of Hong Kong Electric Group to HSBC?"

"Forget it, since Taipan is so happy, then I am happy too. The capital increase and share expansion of Hong Kong Electric Group will be left to HSBC. But..."

Lin Baicheng agreed happily at first, but then changed the subject.

"Any questions?"

Shen Zhou couldn't help but ask when he saw this.

"It's not a big problem."

Lin Baicheng said: "It's just that of the 190 million additional shares issued by Hong Kong Electric Group this time, I will increase my holdings by 97 million shares, and Yingyao Company will increase its holdings by 50 million shares, leaving only 43 million shares that can be handed over to HSBC. Already."

Of course, the shares that Lin Baicheng decided to increase by himself did not need to be handed over to HSBC for repurchase. He could just subscribe with money directly. It was impossible to hand them over to HSBC for transfer and let HSBC earn a handling fee.

"It's okay, it's better than nothing."

Shen Zhou would not be dissatisfied with it, he said: "But Lin Sheng, the handling fee this time cannot be too low. What do you think of the 4% handling fee?"

"No problem, just calculate it at 4%."

Lin Baicheng did not bargain. The total value of the 43 million additional shares issued was HK$215 million, and the handling fee of 4% was only HK$8.6 million. There was no need for him to bargain with Shen Zhou for the handling fee of 0.2/1000.

It would be different if Hutchison Whampoa issued additional shares with a total value of HK$3 billion. One thousandth is equivalent to HK$3 million, so bargaining is necessary.

"Then the matter is settled."

No matter what, HSBC can earn HK$8.6 million in handling fees from the additional shares issued by Hong Kong Electric Group, and HSBC can earn HK$40 million in interest per year from Lin Baicheng's loan of HK$500 million. For every additional year of Lin Baicheng's loan, HSBC will earn more Earn 40 million Hong Kong dollars.

After talking about this matter, the two chatted a few more words.

Shen Porridge looked for an opportunity and asked tentatively: "Lin Sheng, I recently heard that Hutchison Whampoa Investment is doing long gold futures, and now that investment has made a lot of money. Is this the case?"

"Who did Mr. Shen hear this from?"

Lin Baicheng couldn't help frowning after hearing this, but he knew very well in his heart that this was what he asked Wei Li to do.

"It's not who said it specifically, but there are rumors in the market, and Hutchison Whampoa's stock price has risen a lot today."

Shen Porridge looked at Lin Baicheng's face as he spoke. If this matter was true, then HSBC would have to step in and make a lot of money.

With Hutchison Whampoa's current market size of more than HK$40 billion, there is enough capital to accommodate it, and there are a lot of funds investing in this stock. HSBC can invest HK$2 to 3 billion in it without fear of losing money in a short period of time.

If the news is true, if HSBC invests HKD 2 billion and makes a profit of 10%, it will make a profit of HKD 200 million. What's more, the stimulation brought by this news will definitely not only cause Hutchison Whampoa to rise by 10%.

Lin Baicheng shook his head: "What should I say about this matter? There are some things that I cannot disclose to the outside world."

"Lin Sheng, given our cooperative relationship, how about you reveal a little bit to me?"

Shen Porridge said unwillingly that Lin Baicheng's attitude could not allow him to confirm whether the rumors outside were true.

"You are really putting me in a difficult position, Taipan. Anyway, given our cooperative relationship, it would really be unreasonable for me not to reveal anything to Taipan."

Lin Baicheng found it difficult to act, and then told Shen Chou that Hutchison Whampoa's investment was indeed long gold futures and had made profits, but it was up to Shen Chou to judge the specific profit.

After hearing this, Shen Porridge didn't ask any more questions, because getting such an answer was enough for him.

The reason why Lin Baicheng told Shen Chou the truth was simple. He himself was planning to reduce his holdings in Hutchison Whampoa, and having HSBC ride on the sedan to raise Hutchison Whampoa's stock price would bring only benefits and no harm to him.

As for whether HSBC can make money from this news, it depends on HSBC's ability and whether it is greedy. If it is too greedy, after he finishes reducing his holdings, he will secretly let the outside world know the truth that he has run away. It will definitely send Hutchison Whampoa's share price plummeting.

(End of chapter)