Reborn in Hong Kong as a Tycoon

Chapter 113 Sweeping Cangjiang Industry

After leaving the Peninsula Hotel, Lin Baicheng returned to Yum Securities, and Cheng Yufeng was also here.

"Boss Lin, how did the talk go?"

When the two came to Lin Baicheng's office, Cheng Yufeng asked aloud.

Lin Baicheng shook his head: "He probably doesn't mind selling the stock, but he has a big appetite, and the asking price is more than 25 Hong Kong dollars."

"In November, he obviously wanted to buy Wharf. It was not easy for him to sell the stock at a low price."

Cheng Yufeng was not surprised by this. Although he joined the company later, he now knows about the Wharf situation in November, so he guessed that Li Jiacheng's psychological price is not low.

"Yeah, that's why it's so difficult!"

Lin Baicheng nodded with emotion, and then asked, "Yufeng, how is your talk with the organization going? Did you gain anything?"

"Yes, I bought 15% of Cangjiang Industrial shares from an institution at a 2.3% premium, and now we hold a total of 14.5% of Cangjiang Industrial shares."

Cheng Yufeng nodded and reported, and continued: "Now there is only one institution with a 2.5% stake that has not been negotiated, but the other party has already been tempted by our bid, and it can be negotiated without any accidents."

Lin Baicheng has already given Cheng Yufeng the authority, as long as the premium does not exceed 20%, then Cheng Yufeng can make his own decisions.

"You also said that there is no accident. Now that Li Jiacheng knows about it, I'm afraid he will make trouble."

Lin Baicheng shook his head: "Fortunately, we already hold 14.5% of the shares, and we are not far from the goal of 20%. Yufeng, do you think we directly bought about 5% of the shares from the stock market with a large sum of money, and directly transferred How about increasing the shareholding ratio to 20%?"

"Li Jiacheng now knows that we are acquiring the shares of Cangjiang Industrial. It is really not appropriate to delay for too long. I think we can not only buy directly from the stock market, but also quickly. It is best to complete the goal in only one day. Give Li Jiacheng too much time to respond." Cheng Yufeng suggested.

Lin Baicheng said: "If this is the case, then tomorrow, I will buy a lot of stocks and buy about 5% of the stocks. At the same time, don't forget to talk to the institution. I want my shareholding in Cangjiang Industrial to reach 20% tomorrow. There is another advantage of such a large number of sweeps, which is to raise the stock price of Cangjiang Industrial, thereby raising the market value of the stocks we hold, which is conducive to negotiating with Li Jiacheng."

"Boss Lin, I'm worried that Li Jiacheng is unwilling to sell the shares of Wharf, and we may still have to go back to the wicked."

Cheng Yufeng reminded that this possibility is not impossible, on the contrary, he thinks there is a considerable possibility of it.

"It's really going to be that time, then if you are a villain, you can be a villain again."

There is no room for kindness in business competition. Although reputation is very important, it cannot be imprisoned by it.

"By the way, Yufeng, how is the investigation on Anyuan's affairs going?"

Cheng Yufeng replied: "It is still being investigated. After all, this is an internal secret of Cangjiang Industry. Manager An has already asked the exchange through his relationship. It is still uncertain when the results will be available."

"It's fine if you can't ask. Anyway, after I become the director of Cangjiang Industrial, we have the right to check the financial statements of Cangjiang Industrial. Did Li Jiacheng use his own funds to buy Wharf shares, or did he use Cangjiang Industrial's funds to buy the shares?" shares, it will be clear at that time."

The investigation of this matter started a few days ago, but unfortunately Lin Baicheng had just started his business and his connections were not extensive, so the investigation was not done so quickly.It is very important whose funds Li Jiacheng used to buy the shares. The shares of the former Wharf belonged to Li Jiacheng personally, while the latter belonged to Cangjiang Industrial, which was different for Lin Baicheng.

The next day, Hong Kong Stock Exchange.

The end of the new year is approaching, and the Hang Seng Index is generally negative, so the overall trading volume of the stock market has not been large recently, and investors are not willing to trade.However, despite this, the number of stockholders on the exchange has not decreased. There are still a large number of stockholders who come to the exchange to watch the market, and at the same time want to see if there are any trading opportunities.

As of yesterday, the closing price of Cangjiang Industry was 16.2 Hong Kong dollars, with a total market value of more than 6.8 million Hong Kong dollars, a slight increase from the previous period.This is a small number of stocks that do not fall but rise in the overall stock market that is dominated by declines. Although the gains are not large, they are still a small number of stocks that do not fall, so they are still attracting attention.

Yum Securities has been buying in secret. Although the amount of buying is not very large, the stock itself is in a volatile trend. Of course, this buying has turned into a slight upward trend.This is still buying less every day, otherwise it will not be as simple as a small increase.

Cangjiang Industrial opened at 16.19 Hong Kong dollars today, 0.01 Hong Kong dollars lower, mainly because Yum! Securities did not intervene in the bidding stage.

Lin Baicheng also came to the exchange this morning, but unlike most investors in the hall, he was in the VIP room.He mainly came to take a look and see how stock trading was done in this era. As for today's operations, of course, he left it to An Yuan and others.

Five minutes after the market opened, the stock price of Cangjiang Industrial fluctuated between 5 Hong Kong dollars and 16.1 Hong Kong dollars, and the fluctuation was not large, mainly because Yum Securities had not yet started to intervene.

Seeing this, An Yuan said to Lin Baicheng: "Boss Lin, it seems that Cangjiang Industry has no external force to intervene at present. Are we going to start a large number of sweeps?"

"Start buying, just follow yesterday's plan."

Lin Baicheng nodded. He already had a rough plan for how to operate yesterday. If there is no unexpected accident, he will follow the plan yesterday.

"Okay, Mr. Lin."

An Yuan responded, and immediately used a pager to send the agreed buy signal to the company traders in the halls of the four major exchanges, allowing them to start scanning and buying at the same time.

"It's really inconvenient to say that pagers are still used in this era. Motorola has developed mobile phones, but I remember that the commercial time seems to be in the [-]s, and I don't know how many years it will take to use mobile phones. At that time, contact It’s much easier to get up.”

Seeing An Yuan using the pager, Lin Baicheng couldn't help but think in his heart.As a reborn person, he is very aware of how big the mobile phone market will be in the future, but he has never thought about making a mobile phone at all.

The main reason is that Lin Baicheng does not have enough capital now, and even though mobile phones have been commercially available since the 80s, they really prevailed in the 90s. At that time, there will be more talents in this industry, and it is easy to find people with money.

More importantly, instead of throwing limited capital into the mobile phone industry now, it is better to use money to make money. When we have more capital in the future, we can gain a better foothold in the mobile phone industry and develop faster.

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(End of this chapter)