Reborn in Hong Kong as a Tycoon

Chapter 184 Announcement of the truth
In the hall furnished by Hutchison Whampoa, before eleven o'clock, all the reporters sent by the newspapers had already arrived.

Lin Baicheng is the boss of Asia Television, and Asia Television naturally sent a reporter here, and will broadcast the news for a while in the noon news.

Around eleven o'clock, Lin Baicheng and Wei Li arrived with a few people.

"Welcome all journalists to attend today's press conference."

"Here today, I will give a positive response to the huge loss in the company's investment some time ago."

"Next, I would like to ask Mr. Lin to announce the investment matters to all sectors of society. Afterwards, Mr. Lin and President Wei Li will answer questions from the reporters. Each reporter can only ask one question. I hope that all reporters can cooperate."

After the master of ceremonies finished speaking, Lin Baicheng knew that it was his turn to announce, and he immediately said in a deep voice: "Friends from the press, good morning, I am Lin Baicheng. I am here today, and I want to announce to all reporters about the company Hutchison Whampoa a while ago. investment insider."

"The outside reports on the company's investment are not true. The company used US$1.5 million to invest in gold futures. As of last night, it sold a total of US$1.25 million in profits for the company. Converted to Hong Kong dollars, it is 5.25 million Hong Kong dollars."

The short sale of the gold futures in London was sold last night. After the settlement, Hutchison Whampoa brought a total of 1.25 million U.S. dollars in profits. However, the money was not withdrawn, but was combined with the funds raised from HSBC. put it on the account.

If there is no real settlement withdrawal, naturally there is no need to deduct taxes, and there is no need to deduct HSBC's financing interest, only a small amount of handling fee will be deducted.

In other words, in fact, the US$1.25 million is not Hutchison Whampoa's profit. The real profit is actually not that high, and financing interest, income tax and other expenses have to be deducted.However, there is no need to explain these in such detail to the outside world, just tell them that the company made a profit of 1.25 million US dollars.

"My God, earning so much!" "More than 5 million Hong Kong dollars, how is this possible?!" "How long has it been? Lin Baicheng has only been in Hutchison Whampoa for only a few months!" "Is this true? Or fake?".
In the hall, the reporters were discussing, obviously shocked by the figures announced by Lin Baicheng.You know, Lin Baicheng has only been in Hutchison Whampoa for a few months, and in less than half a year, he has brought more than 5 million Hong Kong dollars in profits to Hutchison Whampoa. What a huge amount.

"Ahem, please be quiet, all reporters!"

After tens of seconds, Wei Li suddenly spoke out and pointed a piece of paper in the direction of the reporter: "This is a certificate issued by HSBC about the company's investment profits, which can prove that what Mr. Lin said is true, there is no Nothing false."

"Crack!" "Crack!".
After hearing this, the flash of the camera continued to light up, and all the reporters took pictures of this proof.

After the reporters took photos, the master of ceremonies said, "Now is the question time, please ask the reporters to ask questions in an orderly manner."

The first reporter to be called by the master of ceremonies to ask questions was a reporter from Asia TV. This was arranged in advance, and even the questions asked by the reporter were also arranged.

"May I ask Mr. Lin, since Hutchison Whampoa's investment is profitable, why didn't the truth be announced in the press conference a few days ago? You must know that because the truth is unknown, many shareholders who originally held Hutchison Whampoa shares will The stock was sold, and it looks like a costly decision now."

This is something that will definitely be asked, or even questioned, so Lin Baicheng specially arranged for his own reporter to ask questions in order to explain.

Lin Baicheng said: "The reason why the company did not choose to announce the truth to the outside world at that time was because the company invested in gold futures, and the futures market was changing. What's more, Hutchison Whampoa's investment used 5 times leverage, and it fell by 1%. It is equivalent to losing 5% of the principal, so before the futures are sold, any details about the investment must be kept secret, otherwise once blocked, the loss will be heavy."

"Actually, if it weren't for the false reports from the outside world, the company would not have planned to end the investment at this point in time, but for the benefit of all shareholders, the company had to choose to sell the futures in advance to recover the funds. , the company can announce the investment truth to the outside world.”

The next question came from the reporter of "Hong Kong Economic Daily": "Hello, Lin Sheng, I would like to ask, this time Hutchison Whampoa's investment has earned more than 5 million Hong Kong dollars in profits, will your company continue to make similar large-scale investments in the future?" What about investment plans?"

"There will still be."

Lin Baicheng nodded and said: "However, in order to protect the safety of investment funds, the specific investment and how to operate it will be confidential and will not be announced to the public."

A reporter from "Xiangjiang Commercial Daily" asked: "May I ask Lin Sheng, regarding your company's stock price trend in recent days, do you have anything to say to the general investors?"

Lin Baicheng said: "I know that after a large number of negative news about the company suddenly broke out a few days ago, there must be a large number of shareholders who sold the company's shares. I can understand this, but what I want to say is that the same morning At that time, the company announced the repurchase plan and I promised not to sell any shares, which is already reminding shareholders of the company's management's confidence in the company's stock price."

"Here, I have to declare again that my own acquisition of Hutchison Whampoa is not a whim, but a comprehensive plan. Please also believe that I can develop Hutchison Whampoa into one of the largest companies in Hong Kong. one."

"I know that when the news here appears in the newspapers, there will definitely be a large number of investors buying Hutchison Whampoa's stock. Among them, some people will buy at a high price, and then the stock price will fall back and lose money."

"But I want to tell these stockholders who have lost money, as long as you believe in me and believe that I will develop and grow Hutchison Whampoa, then you will continue to hold stocks. As the company grows and develops, the stock price will definitely rise again and hit a record high. New highs, the high point you buy at any time will not be the highest point."

Lin Baicheng is not fooling people, but telling the truth, especially in the past one or two years, as the price of gold exceeded 80 US dollars per ounce in the early 800s, Hutchison Whampoa's investment will make a lot of money. What, as long as you can hold the stock, you will definitely hit a new high in the future, allowing stockholders to make money.

But Lin Baicheng doesn't say these words often. Whether he can listen to them or not is a matter for the stockholders himself. He knows that it is good to hold the stocks.

The press conference was still going on, Lin Baicheng kept answering the reporters' questions, and Wei Li was occasionally asked.

On the four major stock exchanges in Hong Kong, the news about Hutchison Whampoa investing in making money was spread after Lin Baicheng announced it, and then the stockholders went crazy, frantically queuing up to buy the Hutchison Whampoa stock.

(End of this chapter)