Reborn in Hong Kong as a Tycoon

Chapter 320 He Huang's long and short battle ([-])
"The National Taxation Bureau came to the door, and Hutchison Whampoa was deeply involved in tax evasion!"

"The IRS is investigating Hutchison Whampoa, and Hutchison Whampoa may face huge fines for tax evasion!"

"Yesterday at [-] o'clock in London time, the Internal Revenue Service came to investigate Hutchison Whampoa, and launched an investigation into whether Hutchison Whampoa's huge profits from investing in gold futures were fully taxed!"

"Whether Hutchison Whampoa evades taxes or not, this newspaper will continue to follow up, so stay tuned!"

"..."

The next morning, as Lin Baicheng and Wei Li guessed, many newspapers in Xiangjiang reported that the IRS approached the Hutchison Whampoa branch in London to investigate, and even accompanied it with photos of the IRS visiting. .

There is a time difference between the two places. When the National Taxation Bureau came to the door, it was already night in Xiangjiang, but many newspapers in Xiangjiang reported the relevant news early in the morning. It is impossible to say that no one is behind the scenes.

Just when Wei Li arranged for people to clarify to the outside world, a deputy manager of Standard Chartered Bank brought people to Hutchison Whampoa and asked Hutchison Whampoa to repay the loan on the grounds that the loan procedure for Hutchison Whampoa’s acquisition of properties was illegal in Standard Chartered Bank. .

In order to show that it is not its own problem, Standard Chartered Bank stated that after repaying the loan, it can recalculate the valuation of the property, and then give Hutchison Whampoa a loan at a certain discount according to the market. Such procedures are legal and reasonable.

Because he knew that there would be an accident today, Lin Baicheng came to work at Hutchison Whampoa in the morning, and he knew about it soon.

Lin Baicheng immediately called Huo Yaohua, the head of Standard Chartered, but was told by Huo Yaohua's secretary that Huo Yaohua had been summoned to London by the Standard Chartered head office yesterday morning, and now Huo Yaohua was already in London.

"It seems that Standard Chartered has made a choice."

Lin Baicheng who hung up the phone called Qin Lan in, and asked Qin Lan to call Wei Li and the people from Standard Chartered Bank to his office.

When Qin Lan went to call someone, what Lin Baicheng thought was that since Standard Chartered was unreliable, HSBC might be unreliable too.

"I hope HSBC won't do the same thing, otherwise don't blame me!"

Lin Baicheng snorted coldly. He has not forgotten the 9000 million shares of Hutchison Whampoa that he mortgaged to HSBC. If HSBC dares to ask Hutchison Whampoa to repay the loan, then he will immediately repay the loan and get the shares back. At that time, he will have to see How many stocks the short side has to sell short.

The reason why Lin Baicheng didn't take the initiative to do that was not only because he didn't want to tear himself apart with HSBC, but also because the loan of 10 billion Hong Kong dollars would cost more than two billion U.S. dollars. If the debt was repaid, Lin Baicheng's acquisition in the United States would have to It's time to stop.

Although Lin Baicheng still has almost 2 million US dollars left after repaying a little more than [-] million US dollars, he needs some funds as a deposit and cannot spend all of them.

Later, Lin Baicheng called Haruko Mori in Los Angeles and asked Haruko Mori to contact Goldman Sachs and other institutions through an offshore company to revise the purchase price of the stock.Now that we know that the stock price will plummet due to bad news, of course there is no need to hold on to the price of 25 Hong Kong dollars.

Lin Baicheng asked Mori Haruko and others to contact Goldman Sachs and other institutions to buy directly at the price of 21 Hong Kong dollars. After the stock price fell to this price, the transaction would be automatic. He wanted to see if he could hold the stock price above 20 Hong Kong dollars.

If it really doesn't work, then there's no other way, Lin Baicheng has tried his best.

After a while, Wei Li came over with Albert, the deputy manager of Standard Chartered.

Lin Baicheng talked with Albert and found that Albert's attitude was very tough. He said that Hutchison Whampoa must repay the loan first, so he would rather default on the contract and return all the interest that Hutchison Whampoa had already paid.

Last time Hutchison Whampoa spent a total of 26.2 billion Hong Kong dollars to acquire properties. Among them, HSBC contributed more and provided more loans, while Standard Chartered’s loans were only a little over [-] million Hong Kong dollars.

Hutchison Whampoa’s 26.2 billion Hong Kong dollar loan is secured by the acquired property. The two banks have given the full loan. Now Standard Chartered wants Hutchison Whampoa to return more than 8 million Hong Kong dollars. Hutchison Whampoa can actually take the corresponding property to other banks. As for the loan, it is no problem for those banks to give a loan of about [-]% of the property price. Therefore, Hutchison Whampoa basically only needs to pay less than [-] million Hong Kong dollars, and the company can still pay for this money.

However, if this is really done, it must be a major negative news for Hutchison Whampoa, and the stock price will inevitably be hit, which is beneficial to the short side.

Although Albert of Standard Chartered could not be persuaded to maintain the original contract, Hutchison Whampoa would not agree to repay all the loans so readily. Hutchison Whampoa would rather choose to file a lawsuit with Standard Chartered Bank and delay it for the time being.

Although this is bad news after the news spreads, it is better than asking Hutchison Whampoa to spend an extra sum of money to repay the loan. The two evils are the lesser of the two.

Soon, as Albert left Hutchison Whampoa, relevant news spread, and some newspapers even reported the relevant news.

At the same time, in the Xiangjiang Stock Exchange.

The stock price of Hutchison Whampoa, which had already fallen for a wave and fluctuated around 23 Hong Kong dollars, suddenly saw a large number of sell orders, the stock price was smashed down, and a large number of follow-up orders gushed out.

However, when the stock price of Hutchison Whampoa fell to the price of 21 Hong Kong dollars, it suddenly stopped.Although there were a large number of sell orders being sold, the stock price stopped falling at the price of 21 Hong Kong dollars, and a large number of sell orders were filled.

This is because institutions such as Goldman Sachs and JPMorgan ambushed Lin Baicheng's funds to buy at this price. The total funds of many institutions totaled nearly 11 billion Hong Kong dollars.Based on the stock price of 21 Hong Kong dollars, it is completely possible to buy more than 5000 million shares, more than 12.5% ​​of the shares.

The short side kept selling the stock, and there were also a large number of follow-up orders who also sold the stock, but the stock price still stayed at the price of 21 Hong Kong dollars.

Seeing that the stock price did not change even after selling more than 1000 million shares, Henry Cassack immediately had someone ask the exchange what was going on, whether it was a statistical error, but he was told that there was no statistical error, but that someone had set the price at 21 Hong Kong dollars in advance. The price has buried a lot of buying orders.

The strength of the British family is still very strong, so after Henry Cassack and the others went to the senior management of the exchange, they learned that Goldman Sachs and other institutions bought more than 21 million shares of Hutchison Whampoa at the price of 5000 Hong Kong dollars in the morning.

In other words, the 4000 million shares borrowed by Henry Cassack and the others this time could not break the price of 21 Hong Kong dollars.Although there are follow-up orders to sell, the extra 1000 million shares are more than two billion Hong Kong dollars. If the follow-up order sees that the price of 21 Hong Kong dollars cannot be broken for a long time, it will definitely reverse and go long, and the rest of the watching funds will also choose If you buy the bottom, then it will be even more difficult to smash.

In view of this, Henry Keswick and the others made a decision.Let HSBC announce the reduction of holdings, and they secretly take over the stocks that HSBC has reduced at a premium, and then sell these stocks to smash the market.

　(Thanks to 'Aide Skate' for the big 2000 point reward support!)

　　
　
(End of this chapter)