My rebirth is different

Chapter 691 Confrontation Escalation
"Mr. Yang, will the sharp drop in stock price bring any substantial damage to our new Lenovo Group?" Yu Wenfei asked.

Yang Yuanqing was stunned for a moment. Of course, it is not good for the stock price to drop sharply. Damage to the company's image, decline in market value, damage to investor confidence, etc., are all direct damages.

But Mr. Fei asked about the substantial damage, and he couldn't tell for a while.Because the normal business activities of New Lenovo are not affected at all, and the company's equity is relatively concentrated, Yu Wenfei holds most of the shares in his own hands. As long as he has no opinion on the company, those scattered small shareholders can do nothing.

"Uh...it seems that there is no substantial damage, but if we let the stock price fall, the impact will not be good. After all, Lenovo is still one of the constituent stocks of the Hang Seng Index. After the stock price has fallen so sharply, if we can't pull it up quickly If it is promoted, the Stock Exchange may issue a warning letter." Yang Yuanqing said hesitantly.

The Hang Seng Index is composed of the [-] most powerful companies in the Hong Kong stock market. It is not only the most important stock market index in Hong Kong, but also one of the five largest stock indexes in the world.

Therefore, if a company listed on the Hong Kong Stock Exchange can be included in the Hang Seng Index, it means that the company's strength and influence have been recognized by the government and the market.

Lenovo was selected as a constituent stock of the Hang Seng Index in 2000. At that time, it was hyped in the newspapers, and it was regarded as the pride of the domestic IT industry.

But Yu Wenfei didn't pay attention to the Hang Seng Index. No matter what it is, as long as you don't care about it, it will naturally not be awesome in front of you.

"Let it go. Originally, our company did not have many shares in circulation, and now after the integration of the new group, Lenovo is no longer the most important department of the company. Whether it is the THINKPAD department or the alien department, it is not as important as Lenovo's The company is low, especially the new business department that will be established in the future.

Just let the secretary of the board respond casually, and also warn the securities institutions involved in the trouble this time, the stock price has fallen so low today, there must be an organization behind it, and they want to short our Lenovo company. "Yu Wenfei waved his hand and said indifferently.

At this moment, Hu Jingjing came over with a tray, and breakfast came.

Although Yang Yuanqing hasn't figured it out yet, but the boss has ordered him to do so, so of course he won't say anything more.

After breakfast, Yang Yuanqing called back to China and made arrangements according to Yu Wenfei's instructions.

Lenovo's secretary to the board of directors did not delay, and sent an open letter in response to today's sharp drop in Lenovo's stock price.

In the open letter, Lenovo’s board secretary severely criticized certain institutions for maliciously shorting Lenovo, ignoring the facts and deliberately distorting relevant data.It also clearly pointed out that Huimin Computer is a major measure of New Lenovo Group to give back to consumers and to undertake social responsibilities.Moreover, the cost of the loss is completely settled by the group company and will not be reflected in the financial statements of the listed company.

After this open letter was sent out, the Hong Kong securities market was in an uproar.

In the past, if any company experienced such a sharp drop in stock price, they would apologize in all sincerity, review what their company did wrong, and promise to remedy it immediately if there was a problem.

I have never seen Lenovo's attitude like this. They lose money so confidently, and they also criticize short-selling institutions.

Someone is shorting Lenovo. This is something that everyone can think of. Otherwise, it would be impossible for multiple institutions to report unfavorable reports on Lenovo on the same day and all downgrade their ratings.

But in the securities market, capital is king!
Everyone takes it for granted that shorting you is because of your company's own problems. If the company's profitability is good and there is nothing that can be criticized by others, then there is no way for others to short it.

From the investor's point of view, Lenovo's Huimin computer project does more harm than good. Isn't it just to make money, and it's not a charity. Why do you Lenovo rush to do what the government should do? What about things?
Everyone has not seen the monopoly market in a few years, but everyone has seen that you are losing money!

Moreover, Lenovo is still a mainland company. It is undeniable that no matter whether Western capital or Hong Kong's local capital, they are still somewhat condescending when facing mainland companies.They always think that mainland companies rely on cheap labor to earn hard-earned money without any technical content, and Lenovo is just a computer assembly company without its own core technology.

Such a company dares to blame investors!
Therefore, Lenovo's board secretary's open letter caused an uproar, and many organizations immediately jumped out to refute it.

"Lenovo is obsessed with its obsession. It is going further and further down the wrong path!"

"When the market opens tomorrow, Lenovo's stock price will inevitably drop sharply, let us wait and see!"

"Sell Lenovo stock, this is my advice to all investors."

"Let it be delisted! Unscrupulous companies should not exist in our Hong Kong securities market."

"Lenovo is still a constituent stock of the Hang Seng Index? What are the management agencies thinking? Why don't they kick this kind of company out?"

Under public opinion, the Hong Kong Stock Exchange Management Committee also held an emergency meeting and made a resolution. Of course, this resolution is also unfavorable to Lenovo.

"With immediate effect, Lenovo shares are officially removed from the Hang Seng Index constituent stocks. "

The reason given is that it can be expected that in the next few years, Lenovo’s profits will drop sharply, and the stock price has already plummeted, resulting in a sharp shrinkage in the company’s market value, and it is no longer eligible to be selected as a constituent stock of the Hang Seng Index.

Whether it is a constituent stock of the Hang Seng Index or not, to be honest, has no substantial impact on the superior company. It is just a reputation, or a recognition of your company by the securities market.

However, it would be a shame to be eliminated after being elected...

What happened in Xiangjiang was quickly fed back to Yang Yuanqing. After seeing the news, he was stunned.

How could this be?
I have just taken over the new Lenovo Group, and have successively acquired Alien Computer and IBM's personal computer business unit. The company's scale has expanded rapidly. In two years, it will be able to compete for the No. 1 throne of the global PC manufacturer.

What the hell is going on in the Xiangjiang stock market!

…………

After yesterday's press conference, Yu Wenfei contacted Wal-Mart, saying that he was going to visit the Walton family.

When Wal-Mart acquired Knorr Supermarket last time, Wal-Mart's executives made a promise to Yu Wenfei. At the right time, the Walton family will come forward to do something for Yu Wenfei.

Therefore, the acquisition of IBM is the time to use this favor.

Moreover, I have to prepare for the future, and there is always nothing wrong with making more friends with capable people in Europe and America.

After breakfast, not long after returning to the room, he received a call from the vice president of Wal-Mart who presided over the acquisition of Knorr last time. He welcomed Yu Wenfei and invited Yu Wenfei to Benton, Arkansas on behalf of the Walton family. Will is a guest.

This little-known little city is where Wal-Mart is headquartered.

Yu Wenfei readily agreed and made an appointment to meet.

After hanging up the phone, Yu Wenfei was about to tell Pei'er to book a plane ticket and take everyone to Arkansas when Yang Yuanqing hurried into the room.

"Mr. Fei, there's another accident in Xiangjiang! It's still about stocks."

Yu Wenfei calmly asked him to sit down, and then asked, "What happened to the stocks?"

"Lenovo has been removed from the Hang Seng Index constituent stocks! Moreover, the overall public opinion over there is criticizing our company..." Yang Yuanqing said with a face full of displeasure.

It's Hong Kong Stock Exchange again!

Yu Wenfei was speechless as there was no end to breaking the tradable shares.

"What is the total proportion of Lenovo's tradable shares on the Hong Kong Stock Exchange? What is the current market value?" He asked.

"Not many, tradable shares accounted for 15.00% of the total, and the market value was less than [-] million yuan after the market closed today." Yang Yuanqing replied.

Yu Wenfei now holds 70.00% of Lenovo’s shares, while the State-owned Assets Management Office of the Chinese Academy of Sciences has 15.00% remaining, and the remaining [-]% are tradable shares on the Hong Kong Stock Exchange.

When Yu Wenfei acquired Lenovo, the market value of Lenovo was still as high as 120 billion yuan. After today’s sharp drop, the market value is only less than 60 billion yuan, so 15.00% of the outstanding shares are worth less than [-] million yuan.

"It's only [-] million yuan..."

Yu Wenfei rubbed his chin, and after thinking for a while, he simply said: "Delist, don't play with them anymore, there is no time to waste in the stock market!"

"Delisting?" Yang Yuanqing was a little stunned, feeling that he couldn't keep up with the rhythm of the boss.

Generally, companies have to rack their brains and think hard in order to go public, because once they are listed, they are much better than non-listed companies, regardless of their social status or substantial policy dividends.

How can a listed company voluntarily delist?
At least in China, I have never heard of it.

Yu Wenfei saw Yang Yuanqing's puzzlement, and said with a smile: "Such tradable shares are of no use to the company, and we don't need to raise money in the stock market! If you talk about policies, don't worry, no matter whether it is listing or delisting, in the future The state and local governments will strongly support it. And without the shackles of the stock market, it will be easier to adjust and make decisions on the group’s internal affairs in the future, at least there is no need to make announcements and vote at shareholders’ meetings for major decisions.”

Yang Yuanqing nodded, and he also figured it out. Lenovo's listed company is now only a part of the group company. Judging from Yuwenfei's recent acquisitions, it must have a long way to go in the future.

Moreover, the company is not short of money. After the acquisition of the IBM personal computer, there are still 12 million US dollars and [-] billion RMB left in the group account!

"Then... use the company's funds for share repurchases?" Yang Yuanqing asked again.

"No, I'll find someone else to take over this part of the shares." Yu Wenfei shook his head and said, he had already figured out who would take over this part of the tradable shares.

(End of this chapter)