The Wealth Empire Crossing the Hong Kong

Chapter 109
At the close of trading in the afternoon, the stock price of Hutchison Whampoa was fixed at 9.45 Hong Kong dollars. Those who were the first to buy the bottom and gamble were very happy, and those who had already got off were very regretful.

As for those who hesitated and did not choose to enter, they regretted why they did not enter.

When Xin Jian Investment, the securities department of Dao Heng Bank, the securities department of Bank of East Asia, and Sun Hung Kai Securities submitted the report to the exchange and disclosed it, these shareholders were full of shock and annoyance.

According to the report, Xinjian Investment's shareholding reached 4.8% at the close of trading yesterday, and today it acquired 3.6% of the shares strongly, and its shareholding ratio reached 8.4%, surpassing Gao Jia to become the third largest shareholder of Hutchison Whampoa.

Dao Heng Bank is similar to Bank of East Asia and Xinjian Investment Company. Dao Heng holds 8.14% of the shares and Bank of East Asia holds 8.09% of the shares.

Sun Hung Kai Securities Co., Ltd. increased its stake by 5.2% on the original basis, and its shareholding reached 14.4%.

If it weren't for not wanting to leak the news in advance, Sun Hung Kai Securities would have been able to grab more shares.

The Xiangjiang Exchange has a rule that every time a major shareholder of a listed company increases or decreases its shareholding by 2% on the basis of the original shares, it must report to the exchange immediately after the market closes and make an announcement.

So as of yesterday afternoon's market close, Sun Hung Kai Securities only increased its stake in Hutchison Whampoa by 1.9%.

These shareholders are not ignorant, adding up these shares, the shareholding has reached as high as 39.03%.

As for HSBC, it has not announced any news to the outside world. It can only show that HSBC has not increased or decreased its holdings by more than 2%.

This made some stockholders who bought shares quite uneasy. They didn't know whether HSBC would compete with Li Jianhui for control of Hutchison Whampoa.

Li Jianhui held a high-profile press conference at [-]:[-] p.m. that day. Xinjian Investment Company acquired the shares of Daoheng, East Asia and Sun Hung Kai Securities, officially becoming the largest shareholder of Hutchison Whampoa Group.

He also stated that he has contacted the senior management of Hutchison Whampoa Group and members of the board of directors, and will hold a meeting of the board of directors and the group's senior management tomorrow morning.

Not long after Li Jianhui's press conference ended, HSBC also held a press conference.

One is to say that HSBC will never give up control of Hutchison Whampoa, and the other is to question Li Jianhui's involvement in hostile and illegal acquisitions in this acquisition.

Regardless of Dao Heng Bank, Bank of East Asia, or even Sun Hung Kai Securities, the shares in the hands of several companies were actually acquired by Li Jianhui, but these companies did not truthfully issue announcements in accordance with relevant regulations.

At the press conference, Shen Bi called on the Hong Kong Stock Exchange and the Hong Kong Monetary Authority to investigate the acquisition and maintain the normal order of the Hong Kong stock market.

At the same time, it is also recommended to conduct an investigation on the recent stock market changes of Heung Kong Electric, saying that in order to obtain huge profits, Xinjian Investment Company deliberately released false news to disrupt investors' judgment on the market.

Because of the two press conferences, the melon-eaters in Xiangjiang became lively.

One side said that HSBC can't afford to lose, and many bigwigs have used Li Jianhui's operations. According to relevant regulations, Li Jianhui did not violate the rules.

Regardless of Dao Heng Bank, Bank of East Asia, or even Sun Hung Kai Securities, they have nothing to do with Li Jianhui. As long as the shares in their hands are not traded to Li Jianhui himself or the company in which he personally holds shares, it is not a violation.

The other party feels that such behavior should be stopped. If such incidents are allowed to happen all the time, it will be very detrimental to the shareholders and even shareholders of the superior company.

It is hoped that the stock exchange and the Monetary Authority can take Hutchison Whampoa as an example to curb the occurrence of such incidents, ensure the normal order of the Hong Kong stock market, and safeguard the basic interests of shareholders of listed companies.

The Xiangjiang Exchange, which has been pushed to the forefront, held a press conference at nine o'clock the next morning to explain the Hutchison Whampoa Group incident.

First of all, it means that many rules of the exchange are not perfect. In the near future, the exchange will work with the Xiangjiang Financial Management Bureau to study new plans to avoid similar incidents as much as possible.

At the same time, it also stated that Xinjian Investment Company and Li Jianhui did not violate relevant regulations in this Hutchison Whampoa stock market transaction. The stock trading is free for both parties, and the exchange has no right to interfere with the transaction of several parties' shares.

The Hong Kong Financial Management Bureau also issued a similar statement that the government has no right to interfere with the legitimate trading of citizens' shares.

As for the abnormality in the stock market of Xiangjiang Electric Company, whether Xinjian Investment Company and the actual controller Li Jianhui spread false news in order to obtain huge profits will be jointly investigated by the Xiangjiang Exchange.

Li Zaiwei, deputy general manager of Xinjian Investment Company, accepted the live interview of Jiashi, and explained in detail the acquisition of shares of Hutchison Whampoa Group and shares of Heung Kong Electric.

Regarding the acquisition of shares in Hutchison Whampoa, Li Zaiwei admitted that he had indeed contacted Dao Heng Bank, Bank of East Asia, Sun Hung Kai Securities and Gao Jia before.

However, due to various reasons, the acquisition failed before. It was not until yesterday afternoon that Xinjian Investment Company reached cooperation with Dao Heng Bank, Sun Hung Kai Securities and Bank of East Asia respectively, and acquired their shares at a relatively suitable price.

As for the Gao family, our Xinjian Investment Company has always maintained our sincerity, but we haven't made any breakthrough yet.

On Xiangjiang Electric Company, Li Zaiwei announced to the outside world that the company currently holds 10.5% of the shares of Xiangjiang Electric, which is 1.9% more than before, to prove that Xinjian Investment Company has never made false statements, let alone cashed out.

Li Zaiwei also announced that Xinjian Investment Company will continue to increase its stake in Heung Kong Electric Company for a period of time in the future.

Affected by these news, the Hong Kong Stock Exchange opened in the morning, and the stock prices of Hutchison Whampoa, Heung Kong Electric, Wheelock and other companies rose in a straight line.

Especially for Wheelock Group, because Li Jianhui failed in the acquisition of Xiangjiang Electric, the market value dropped sharply.

Now that the good news has come, the stock price has risen extremely fiercely, even compared with Hutchison Whampoa, which is currently playing a game between HSBC and Li Jianhui.

The reason why leeks can only be leeks is that they don't get in the car until they hear good news, and they are destined to be a pan-taker.

After Hong Kong Exchange and Hong Kong Monetary Authority spoke out one after another, HSBC understood that Hutchison Whampoa was powerless.

At this time, they want to reduce some losses, so they take advantage of the current stock market boom to accelerate external shipments.

Moreover, they only have one day today. When the market closes this afternoon, HSBC will need to issue an announcement on shareholding reduction, and the stock price will inevitably drop sharply by then.

In fact, as early as yesterday afternoon, HSBC had already reduced its shareholding by 1.9%, but it did not touch the red line of 2%, so there is no need to make an announcement.

There are indeed many elites in HSBC, and they are quite experienced in operating the stock market. Although the shipment volume of each order is relatively small, the transaction volume is very fast.

In the case of a large wave of retail investors and investment institutions entering the market, and Xinjian Investment Company is still sweeping goods, the continuous upward trend of the stock market has not been interrupted.

(End of this chapter)