Reborn in Hong Kong as a Tycoon

Chapter 351 Loss and Profit

On the second day after Hutchison Whampoa sold the repurchased stocks and got 10 billion Hong Kong dollars in cash, it took out more than 8 million Hong Kong dollars to repay the loan from Standard Chartered Bank, and then took the property to the Bank of East Asia for a loan. More than 8 million Hong Kong dollars.

After such an operation, Hutchison Whampoa solved the loan draw of Standard Chartered Bank without spending a dime.

The reason why the money is returned to Standard Chartered Bank now is that Standard Chartered's previous application restricted Hutchison Whampoa's use of large amounts of funds. Now that the loan has been repaid, the restriction will of course become invalid.

However, the loan has been repaid, but the lawsuit is not over. Hutchison Whampoa is still in a lawsuit with Standard Chartered Bank. Anyway, this lawsuit may not be fruitful within a year or two.

Although the loan of more than 8 million Hong Kong dollars is quite a lot, given the current situation of Hutchison Whampoa, there is no problem at all in granting the full loan under the condition of physical collateral. No matter which bank is replaced, it is willing to accept it.

If possible, Lin Baicheng would like to give this loan to Galaxy Bank, so that Galaxy Bank can have a big business, but it is a pity that it is impossible.

Now Galaxy Bank is using Lin Baicheng's reputation to collect [-] million or [-] million Hong Kong dollars, but it is not enough to lend all the money to Hutchison Whampoa, not to mention that the bank cannot lend all the funds to a company, especially the company's controller Or Lin Baicheng.

If Galaxy Bank has more than 8 million Hong Kong dollars in its own funds, as long as the bank is controlled by Lin Baicheng, then Lin Baicheng can lend all the money to Hutchison Whampoa.After all, even if the loan cannot be recovered, the bank itself will lose money, and the depositor's money will not be lost, so that the relevant laws will not be violated.

It is possible to lend depositors' money from Galaxy Bank to Hutchison Whampoa or Lin Baicheng himself, but the amount will be limited, otherwise the nature will change, and it will become Lin Baicheng embezzling bank funds, which violates relevant laws.

After entering December, the international gold price mainly rebounded and rose. In recent days, the international gold price has been rising as a whole. Now the gold price is close to the price of 220 US dollars per ounce. It has recently rebounded from around 190 US dollars and has risen nearly As much as 15%.

The rise in the international gold price is of course a great benefit to Hutchison Whampoa. Hutchison Whampoa's investment in gold futures has already made a profit of 6%, with a profit of about 9000 million US dollars.

Therefore, yesterday Monday and today Tuesday, the stock price of Hutchison Whampoa went up in shocks.

While Bill Harveys and Doug Gordon arranged for traders to slowly sell Hutchison Whampoa's stock, they were negotiating with Henry Cassack and the others without delay.

Ever since they decided to buy stocks from Hutchison Whampoa, Henry Cassack and others have really surrendered, and now they only want to buy a sufficient number of stocks to return to HSBC.However, they would certainly not be tempted to pay a higher price for a sufficient number of shares if they could buy them at a lower price.

Therefore, Henry Caesark and the others did not buy from the stock market, but chose to buy from a party with a large number of stocks in their hands, hoping to negotiate a satisfactory price.

Negotiations with Bill Harveys and the others failed to reach a satisfactory price several times. While Henry Cassack and the others continued to negotiate with Bill Harves and the others, they also contacted Bao Yugang and Zheng Yudong, wanting to Buy shares from them.

Bao Yugang and Zheng Yudong announced to the public that they held at least 400 million Hong Kong dollars worth of stocks. Judging from their buying prices at the time, they each had at least [-] million shares. The number of shares will be less.

However, Bao Yugang and Zheng Yutong directly rejected them, and instead told Lin Baicheng about the matter, and said that they were optimistic about Hutchison Whampoa and were willing to hold Hutchison Whampoa shares for a long time.

In their view, making Lin Baicheng a friend is more important than selling stocks for short-term profits.

Lin Baicheng naturally expressed his gratitude to Bao Yugang and Zheng Yudong after learning about this incident, and said that it is up to them whether to sell the stocks or not, and it will not affect everyone's relationship.

Seeing that they could not buy stocks from Bao Yugang and Zheng Yutong, Henry Kessack and the others had no choice but to wholeheartedly negotiate with Bill Harveys to buy stocks from here.

On Wednesday, seeing that the stock price of Hutchison Whampoa continued to rise today, Henry Cassack and others decided not to wait any longer, and negotiated a deal with Bill Harveys and the others after the market closed that day.

Henry Kessack and the others purchased 62 million Hutchison Whampoa shares from Bill Harveys at a price of 2160 Hong Kong dollars per share, with a total transaction value of 13.392 billion Hong Kong dollars.

Bill Hawes is not familiar with Henry Cassack, so this transaction is done in cash, and there is no such thing as arrears of payment.

Fortunately, Henry Kessack and the others had already raised some funds, so they had the money to pay all the funds.

The offshore company originally held 9405 million shares of Hutchison Whampoa. This time, it sold 2160 million shares. In the three days this week, it sold 800 million shares in the stock market. In total, more than 18 billion Hong Kong dollars were withdrawn.

The offshore company raised US$1 million to buy stocks with US$5 million, and converted them into Hong Kong dollars to raise HK$4.2 billion at HK$21 million. Now the funds sold and returned to the market plus a margin of HK$4.2 million are enough to return to the brokerage .

After deducting the financing funds of 21 billion Hong Kong dollars, and then deducting the financing interest, there is still about [-] million Hong Kong dollars left in the funds returned.

The most important thing is that there are currently 6445 million shares left in the offshore company. If all these stocks are sold at a price of not less than 60 Hong Kong dollars, at least about 39 billion Hong Kong dollars can be withdrawn, which is equivalent to the profit of at least 35 million Hong Kong dollars for the offshore company. million Hong Kong dollars.

After returning the financing funds and interest to the brokerage, among the remaining 6445 million shares, the principal of the offshore company is only [-] million US dollars. Not in such a hurry to sell.

Therefore, Lin Baicheng has decided that these stocks will only be sold slowly when the stock price is higher than 60 Hong Kong dollars, and if there is a callback, he will hold the stock and wait for the stock price to rise later.

This time the offshore company is expected to make no less than HK$35 billion in profits, and Hutchison Whampoa will make a profit of nearly HK$10 billion, not including the land discount, adding up to a profit of at least HK$45 billion.

However, although the two parties have made so much profit, it does not mean that the British family of the empty side has lost so much.

The loss of the short British family will not exceed 20 billion Hong Kong dollars, and the rest are losses from retail investors selling stocks at high levels, and HSBC is also a member of the loss.

Think about HSBC selling the shares of Hutchison Whampoa at 28 Hong Kong dollars and 25 Hong Kong dollars respectively. Now the stock price of Hutchison Whampoa is above 60 Hong Kong dollars, with a loss of up to 20 billion Hong Kong dollars.Of course, this refers to the loss when all the stocks can be sold at a price of 60 Hong Kong dollars.

It can be said that HSBC’s loss this time is no less than that of the short-selling British family. The problem is that HSBC did not participate in the short-selling, but sold the stock because it was worried that the stock price would plummet.

However, if you really want to count it, HSBC’s investment in Hutchison Whampoa still made a fortune. After all, most of the stocks held by HSBC were bought at low prices, and the profit should be about one billion Hong Kong dollars.

It's just that if the profit of 30 billion Hong Kong dollars can be turned into a profit of 20 billion Hong Kong dollars, then [-] billion Hong Kong dollars will naturally be considered as a loss.No matter who it is, the less earned money will be taken for granted as a loss.

(End of this chapter)