Reborn in Hong Kong as a Tycoon

Chapter 38 Target Wharf

Anyuan is worthy of being an old man who has worked in the investment industry for more than ten years. In just three days, he recruited five employees. Yum Securities finally looks like a normal company.

Of course, this is also related to the fact that the recruited employees are ordinary practitioners. They are not very capable, but they all have two or three years of work experience, so there is no problem at all as a tool person.

Now that a few people have been recruited, the company can operate. Lin Baicheng transferred 600 million Hong Kong dollars to the company's account.

This money is almost all the money that Lin Baicheng can use freely.

Lin Baicheng has spent a lot of money these days. He bought a house for 360 million Hong Kong dollars, bought land and built a factory for a total of more than 300 million Hong Kong dollars, bought IBM computer equipment for more than 100 million Hong Kong dollars, and added Yum Securities’ 600 million Hong Kong dollars. That's nearly 400 million Hong Kong dollars.

This money is really earned and spent quickly.

The bulk of Lin Baicheng’s account was the US$850 million paid by Taito Co., Ltd., a total of more than 700 million Hong Kong dollars, but nearly US$500 million of this was the cost of 500 motherboards, and only about 600 million Hong Kong dollars belonged to Lin Baicheng .Taidong Co., Ltd. has the remaining unpaid [-] million US dollars, and the other party will pay only after Lin Baicheng ships the goods. This is the bulk of his earnings.

Of course, it is not the first time for Lin Baicheng to pay the full price when he gets the goods from the raw material supplier. He also pays half of the payment first, and the remaining half of the payment can be paid within the next one to three months.

Therefore, if necessary, Lin Baicheng can embezzle some of the payment for the goods, but there is no need for him to do so for the time being.

While transferring the funds to the company's account, Lin Baicheng came to Yum Securities, and he had to explain to Anyuan how to operate his 500 million Hong Kong dollars.

"Anyuan, you should know the two companies Hutchison Whampoa and Wharf, right?"

That's right, it is these two companies that Lin Baicheng is eyeing, and he wants to acquire both, but he knows that it is impossible to do so now, let alone acquiring two, he can't even afford to acquire one.Therefore, he decided to slowly inhale the stock of one of the companies secretly, and then suddenly make a large-scale purchase after he has more money in his hand, so as to achieve the purpose of acquisition.

"I know, one of these two belongs to Hutchison Matheson, and the other belongs to Jardine Matheson."

Both of these companies are listed companies, so An Yuan doesn't say how well he understands them, but he does know some information. "Hutchison Whampoa was originally two group companies, Hutchison and Whampoa, which were merged into Hutchison Whampoa in June. HSBC happens to be the major shareholder of this company."

"Then do you know how many shares HSBC owns in Hutchison Whampoa?"

Lin Baicheng's heart moved when he heard the words. He knew that HSBC had a large number of shares in Hutchison Whampoa, but he didn't know the exact number.

"I know about this."

An Yuan nodded and said: "As early as 75, due to the economic crisis, HSBC injected 1.5 million Hong Kong dollars into Hutchison Matheson, and acquired nearly 35% of Hutchison's shares. In June this year, under the promotion of HSBC, Hutchison & Co. and Whampoa Dockyard reorganized and merged into the current Hutchison Whampoa. Because Hutchison & Co. itself is the controlling shareholder of Whampoa Dockyard, HSBC’s shares have not been diluted much. At present, there are still about 30% of Hutchison Whampoa stock, I don’t know the exact amount.”

"About 30%."

Lin Baicheng couldn't help frowning slightly after hearing this. Although this number was roughly estimated by Anyuan, it would not be too much difference. HSBC has at least 20% or even more than 25% of Hutchison Whampoa stocks, plus the Qi Dezun family owned by Hutchison Whampoa Holdings. No matter how the shares in the company are about 20%, HSBC cannot be avoided if you want to acquire this company.

Lin Baicheng knew very well that the reason why Li Jiacheng was able to acquire Hutchison Whampoa with a small amount of money before his rebirth was because of the charter king who took the lead, and because HSBC Shenzhou was optimistic about Li Jiacheng's future, Li Jiacheng was able to do it. To snake swallow an elephant.

Lin Baicheng didn't know Charter King, and he had never met HSBC Shen Congee. It was hard to say whether the other party would appreciate him, so it was not easy for him to acquire Hutchison Whampoa.

"How much do you know about Wharf?"

"Wharf belongs to Jardine Matheson, which is controlled by the Jardine family. The current chairman of the board of directors is Niu Bijian. Due to the poor management of this listed company in recent years, the company is heavily in debt and its market value has plummeted. Now its market value is only About 11 billion Hong Kong dollars."

"The reason for this is that the Harbor City currently being built by Wharf in West Kowloon is said to cost as much as one billion Hong Kong dollars, but it is only half completed now, and it will take two or three years to fully take shape. The capital market is worried that after the completion of the Harbor City Business is not good, so the company's stock price has been falling, and the current market value is more than [-] billion Hong Kong dollars."

"The stock market has been consolidating recently, and the range of ups and downs is limited. Therefore, if there is no unexpected good or bad news, Wharf's stock price will roughly fluctuate around the current price."

"However, unlike Hutchison Whampoa, Jardine Matheson, the controlling party of Wharf, does not have too many shares in Wharf, at most only about 20%, and most of the shares are in the hands of retail investors in the market."

An Yuan told everything he knew.

Lin Baicheng couldn't help but feel moved after hearing this, it seems that Wharf is more suitable for him.

Of course, Lin Baicheng does not have so much money to buy now, but he believes that he will become richer and richer, and sooner or later he will be able to buy Wharf.Of course, it is faster to acquire Wharf. He remembered that this company was taken over by the charter king in the early 80s.

But it doesn't matter, even if Wharf is still acquired by the charter king in the end, Lin Baicheng has entered Wharf early now. When the acquisition war breaks out, he can at least make a lot of money without losing.

"I am still optimistic about Wharf. I think it is undervalued now. I am optimistic about its stock price. Therefore, my HK$500 million will be used to buy shares in this company. All you have to do is Buy stocks with a market value of 500 million Hong Kong dollars without greatly increasing the stock price."

Lin Baicheng did not tell Anyuan that he wanted to acquire Wharf, not to mention whether the other party believed it or not. Such things must not be disclosed before the official acquisition.Once everyone knows it, it will only increase the difficulty of his acquisition.

An Yuan said: "Mr. Lin, if you are not in a hurry, I will buy stocks in a few days. The purchase of 500 million Hong Kong dollars will not have a big impact on the stock price."

"The time is not urgent, but you have to remember to keep it secret. It's best not to let anyone other than our company know."

Lin Baicheng nodded and reminded him that he didn't want anyone to compete with him.

"President Lin, don't worry, I will make arrangements."

An Yuan replied, as long as there is enough time, it's not a problem.

After chatting with An Yuan again, Lin Baicheng left the company.As for how to handle Anyuan's 100 million Hong Kong dollars, he will not ask for the time being. As long as Anyuan's loss does not exceed 20%, then let Anyuan operate.

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(End of this chapter)