Reborn in Hong Kong as a Tycoon

Chapter 174
Hutchison Whampoa, in the chairman's office, Lin Baicheng was talking on the phone with Iwasaki Mineryu.

"Iwasaki-kun, how many shares did you buy today?"

Iwasaki Mineryu replied: "According to our agreement, we started to buy after the stock price fell below 5 Hong Kong dollars, and now we have bought nearly 2000 million shares. If it weren't for Mr. Lin, you said not to buy too fast, or you can buy more today. It can be seen that the attitude of selling orders is still very firm.”

"They thought my investment was a loss, so of course they were determined to sell it."

Lin Baicheng smiled and said: "Although I don't know when they will start to attack, but they will continue to buy tomorrow, and the more they fall, the more they buy. How to operate, Iwasaki-kun, you can decide according to the actual situation, or you can call me when the time comes."

Iwasaki Mineryu said: "Mr. Lin, don't worry, I brought professional traders here, they know better than us when to buy."

"Leave the professional work to professional people."

After Lin Baicheng chatted with Iwasaki Mineryu for a while, he hung up the phone.

After hanging up the phone, Lin Baicheng said to Cheng Yufeng who was sitting opposite: "Yufeng, have the funds mobilized by various companies been transferred to Yum Securities' account?"

"Just called in the afternoon."

Cheng Yufeng nodded and said: "Without affecting the operation of each company and the development of game consoles, a total of [-] million Hong Kong dollars has been mobilized."

"Okay, after the stock price of Hutchison Whampoa plummets again, you ask Anyuan to find an opportunity to start buying. Don't think that you must buy at a low level, you can buy it almost, and when it falls below the price of 4 Hong Kong dollars, especially Buy it without even thinking about it.”

This is an investment that is bound to make money, so Lin Baicheng took out all the funds in several company accounts, and used them all to buy Hutchison Whampoa stocks without affecting the company's operation, and then sold them after the stock price rose. Anyway, it won't take long in the middle, and it won't have much impact.

Cheng Yufeng nodded to express his understanding.

After the stock market closed that day, representatives of Bob and Qi Dezun’s family held a press conference to the media, angrily stating that Lin Baicheng, the chairman of Hutchison Whampoa, invested a large amount of the company’s funds in gold futures without the approval of the board of directors , Doing more results in a large loss of funds, which damages the interests of all shareholders.They didn't want to see the stockholders being deceived, so they announced the matter to the public.

When I was first interviewed, this matter did not cause much impact, but when the evening paper of the invited newspaper announced the news, and after relevant reports appeared on the news of Jiayi TV and TVB TV, this matter immediately spread to the whole world. Xiangjiang.

In Bob’s description, Lin Baicheng used more than 3 million Hong Kong dollars to invest in gold futures, used at least five times the leverage, and lost at least 4 to [-] million Hong Kong dollars, and will lose more in the future. Lin Baicheng ruined Hutchison Huangpu this company.

For the majority of Xiangjiang citizens, this is nothing more than a chat after a meal. Lin Baicheng, the legendary figure who made a sensation in Xiangjiang last year, is about to fall into a big fall.

But for investors who still hold Hutchison Whampoa stocks, it is not an after-dinner talk, but a thunderstorm, and the thunder is rolling.

They never imagined that Lin Baicheng lost at least [-] to [-] million Hong Kong dollars in his investment. You must know that Hutchison Whampoa's profit last year was only a little over [-] million Hong Kong dollars, and this is the case of selling many companies.In other words, Lin Baicheng's investment has lost at least three years of profits for Hutchison Whampoa, and no matter how hard he works in the next three years, he will not be able to earn a penny.

Shareholders can already imagine that the stock price of Hutchison Whampoa will inevitably drop sharply tomorrow, and the drop will only be worse than today, and their principal will definitely shrink.

Before being taken over by Lin Baicheng, Hutchison Whampoa was one of the four major foreign firms in Hong Kong and one of the few large companies in Hong Kong. Hong Kong real estate has not fully risen these days, so there are very few companies with a market value of one billion Hong Kong dollars , Hutchison Whampoa is one of them.

Therefore, the major news about Hutchison Whampoa has attracted attention, not to mention the news that the control right has just been changed, which has caused the company to cause heavy losses in investment, but all people from all walks of life who know the relevant news are discussing it.

Early the next morning.

Not surprisingly, the headlines on the front pages of major newspapers are all about Hutchison Whampoa.They are all reporting the heavy losses of Hutchison Whampoa's investment, how much money was lost, how much Lin Baicheng lost this time, and whether he will be devastated.

At eight o'clock in the morning, just as Lin Baicheng's car drove out of the villa in Repulse Bay, a large number of reporters waiting outside surrounded him.

"Lin Sheng, do you have anything to say about Mr. Bob's report last night?" "Lin Sheng, may I ask if Hutchison Whampoa's investment really caused a major loss?" Can you land safely in this storm?" "Do you have anything to say about the disaster you caused to Hutchison Whampoa, Lin Sheng?".
A large number of reporters were squatting outside, and the bodyguards were not blind, so naturally they discovered it early, so when the reporters surrounded the car, the bodyguards opened their hands to stop the reporters from passing.

Lin Baicheng sat in the car and didn't get out of the car, let alone go down to answer the reporters' questions.

A bodyguard shouted loudly: "Everyone, Mr. Lin asked me to tell you that Hutchison Whampoa will hold a press conference around eleven o'clock in the morning. There will be news announcements at that time, and at the same time answer questions from reporters. So please Everyone go back first, and see you at the press conference."

After hearing what the bodyguards said, and the fact that the reporters couldn't break through the interception of the bodyguards, they stopped surrounding the moving cars and prepared to leave one by one, going to Hutchison Whampoa to wait.

When Lin Baicheng came to Hutchison Whampoa, some creditors of Hutchison Whampoa were already waiting for him.

Many people knew the news last night. As the creditors of Hutchison Whampoa's debts, they were of course worried that Hutchison Whampoa would be in a slump and would not be able to pay back the money owed to them, so they came early to inquire about the news.

Although there is a good saying, "The one who owes the money is the master", just listen to it. The money owed by Hutchison Whampoa to these creditors must not be ignored. Influence.

Therefore, Lin Baicheng and Wei Li reassured these creditors together, saying that Hutchison Whampoa has no problem, even if it loses a little money, the company has a big business, and it is still able to pay off the debt.Now that the time for the debt has not yet come, everything will be handled according to the contract. Unless they breach the contract and return the interest collected for the contract period, otherwise they can wait until the contract expires, and Hutchison Whampoa will naturally pay off the debt at that time.

With both hard and soft tactics, these creditors were finally sent away.

Lin Baicheng also discovered at the time that HSBC, the main creditor of Hutchison Whampoa, had not sent anyone. In order to avoid being found out that something was wrong, he made a special call and asked Shen Porridge to send someone over as a show.

(End of this chapter)