The Wealth Empire Crossing the Hong Kong

Chapter 105
The stock market of Hutchison Whampoa continued to fluctuate. Kelun Standard Chartered announced on Monday, February 2 that its family held 26% of the shares.

As soon as the news came out, the stock of Heung Kong Electric immediately plummeted from a high of 8.76 Hong Kong dollars to 6.73 Hong Kong dollars at the close of the market at noon.

After this battle, the legendary color of Li Jianhui began to fade. At this time, the citizens suddenly found that this young man was not as magical as they imagined. Facing the Standard Chartered family with the support of two wealthy tycoons, he was still powerless to compete with him.

Affected by Heung Kong Electric, the share price of Wheelock Group also fell by 5%, and Hutchison Whampoa fell by 8%.

This has cast a shadow over Wheelock Group, which will raise funds for additional issuance tomorrow, and there is a strong bearish sentiment in the market.

Xinjian Investment Company, Li Jianhui did not affect his mood because of the problems with Heung Kong Electric.

Taking advantage of the happy celebration of the Hong Kong British consortium and the bearish sentiment on Hutchison Whampoa in the market, he asked Li Zaiwei to speed up the absorption of Hutchison Whampoa.

At the same time, Dao Heng, Bank of East Asia, and even Sun Hung Kai Securities also accelerated, with small orders and multiple batches of transactions, and several parties tried to grab as many chips as possible.

Good things don't go out, and bad things spread thousands of miles. Li Jianhui didn't take it seriously, but those who followed him did.

When he was still arranging for Li Zaiwei to wait for the stock price of Heungkong Electric to fall to the bottom, and to increase his shareholding to 10%, Chen Huiya, the manager of the company's administrative department, came to report that Chen Zhiyong, Pan Zhiyong, Ye Han, Huo Yingdong and others called Wheelock headquarters, hope that Li Jianhui can call back.

During the call back process, everyone was nothing more than comforting words, telling him not to take this acquisition seriously, there will inevitably be setbacks in business, so don't feel discouraged by it.

Although Li Jianhui has been calling the shots in the business world for more than a year, he is still just a boy under eighteen after all.

At such a time, these people still treat him as a junior, worrying that because Li Jianhui has too little experience and has not encountered any setbacks, he will be depressed because of this.

Li Jianhui also did not mention Hutchison Whampoa, but told himself that his current focus is on Wheelock Group and Huihong Games. As for the failure of Heung Kong Electric’s acquisition, it will not affect his future development plan, and he will hold shares in Heung Kong Electric for a long time. .

Apart from Xinjian Investment Company, Daoheng, and the acquisition team of the East Asia Investment Department, Chen Yulian knew about Hutchison Whampoa's affairs, and he didn't even tell his family.

He plans to announce it to the public only after he has enough chips in his hand, and then let everyone know what it means to make a fool of himself.

As long as Hutchison Whampoa is taken down, the negative public opinion on him in the market will be wiped out, and these media will also face themselves. How much they step on him now, they will be able to praise him later.

After hanging up the calls of these people, Li Jianhui immediately called Guan Jiahui of Jiayi Group and asked him to arrange for Jiashi to issue a statement that Xinjian Investment Company was very optimistic about the future of Xiangjiang Electric Company and would continue to hold its shares.

As soon as Jiashi's statement came out, different people had different interpretations, and the vast majority of stockholders did not think that Li Jianhui was going to stabilize the stock market of Heung Kong Electric.

The purpose is just to stabilize the stock market and facilitate their own shipments. They believe that Li Jianhui holds a large number of shares in Heung Kong Electric.

So much so that this statement exacerbated the panic in the market. As soon as the Xiangjiang Exchange opened in the afternoon, there were a large number of sell orders for Xiangjiang Electric, and the stock price also plummeted.

Just five minutes after the opening of the market, the stock price fell below [-] Hong Kong dollars, and half an hour after the opening, the stock price fell below [-] Hong Kong dollars.

Wheelock Group also felt bad, because of Li Jianhui, half an hour in the afternoon, the stock price fell again by 2.6%.

This made Qiu Deba, who wanted to cash out slowly, almost breathless. If he didn't want to cut his flesh, he might not be able to get out of the trap in a short time.

As for Wheelock Group’s financing and issuance of shares with a market value of 10 billion Hong Kong dollars tomorrow, he has completely lost interest in subscribing in the same proportion.

However, Dao Heng Bank, Sun Hung Kai Securities, and Bank of East Asia are all beginning to absorb shares in Wheelock Group.

They are very aware of the true value of the Wheelock Group, and now is a good time for them to buy the bottom. Once Li Jianhui obtains the control of Hutchison Whampoa, the shares of the Wheelock Group will inevitably increase significantly.

If it weren't for the restrictions, Li Guobao and others believed that Li Jianhui would have bought the bottom a long time ago.

The stock prices of the two leading companies, Heung Kong Electric and Wheelock, plummeted, creating a chain reaction. The stock prices of a group of companies with inflated market capitalizations fell one after another, such as Hutchison Whampoa, Wharf, Chunghwa Gas, CLP Power, and Hang Lung Group.

The Hang Seng Index also changed its continuous momentum in the past year, and once plummeted by nearly [-] points.

Looking at the stock prices of most of the listed companies on the screen of the Hong Kong Exchange, the stockholders felt a chill in their hearts.

Affected by the Xiangjiang Exchange, some listed companies on the other three exchanges in Xiangjiang also experienced declines to varying degrees.

Even Li Jianhui did not expect that the sharp drop in the stock prices of several major companies would cause such a big disturbance. At present, the influence of British capital groups in Xiangjiang cannot be underestimated.

After the market closed, Li Zaiwei said to Li Jianhui: "At present, we already hold 4.8% of Hutchison Whampoa shares. I believe that before the market closes tomorrow afternoon, we will be able to reach the target of 5.5% shares."

"It's doing very well. You can contact Bank of East Asia, Dao Heng Bank and Sun Hung Kai Securities to see how they are progressing."

"I'll get in touch later, I believe their progress is about the same as ours.

In addition, our Wheelock Group fell as much as 7.9% today, and its market value has shrunk by nearly [-] million Hong Kong dollars. "

Li Jianhui doesn't care about the sharp drop of Wheelock Group. The big deal is that the financing of additional shares issued tomorrow will be less than one billion Hong Kong dollars. If there is not enough funds, it will not be enough, and it will not affect the development of Wheelock Group.

Moreover, Li Jianhui believes that he is the one who will eventually pick up the bargain. When the additional issuance tomorrow, his allies will accelerate their purchase of Wheelock Group shares.

If he had known that the stock price of Wheelock had plummeted earlier, he would have added [-] million more shares when he applied for additional issuance. This would reduce Qiu Deba's shareholding in Wheelock Group again.

I don't know how these reporters knew that they were in Xinjian Investment Company. Li Jianhui had just walked out of the building accompanied by bodyguards, and before he got into the car, reporters surrounded him.

"Li Sheng, the Standard Chartered family has obtained the control of Xiangjiang Electric Company. What plans do you have for this in the future?"

"Li Sheng, the stock market of Wheelock Group plummeted today. The main reason is the influence of Heung Kong Electric Company. I wonder what you think about it?"

……

There were quite a lot of reporters, one by one scrambling to ask questions, the scene was quite noisy, and Li Jianhui didn't even hear some questions clearly.

For some plans for tomorrow, Li Jianhui did not leave directly. He made some explanations on Xiangjiang Electric and Wheelock Group.

However, Li Jianhui's answer, in the eyes of some shareholders, is more like a signal to cash out, especially the answer of Xiangjiang Electric Company.

(End of this chapter)