Reborn in Hong Kong as a Tycoon

Chapter 396 Hutchison Investment Transfer
The New Year passed without knowing it, and the time came to February of 1979.

In the first few days of February, the international gold price rose to break through the price of 250 US dollars per ounce, which can be said to be a good start.

After the international gold price broke through 250 US dollars / ounce, it was in a state of shock, no longer breaking through upwards, and the space for falling is also limited. The overall price is oscillating up and down around the price of 250 US dollars / ounce.

Under such circumstances, Lin Baicheng asked Yuan Tianfan and Xia Boyin to take Hutchison Whampoa's team to London, and sold all the long positions of Hutchison Whampoa's gold futures above 250 US dollars per ounce. settlement.

Hutchison Whampoa financed US$1.5 billion with a principal of US$15 million to do long gold futures. The cost price was US$206.8 per ounce, and the final average selling price was US$251.13 per ounce.

After calculation, after deducting the handling fee, the profit of Hutchison Whampoa's financing of US$15 billion is US$3.215 million.

3.215 million US dollars is not the profit that Hutchison Whampoa can get, and 15 billion US dollars of financing interest has to be deducted. It is a quarter of Hutchison Whampoa's profit this time.

He earned a quarter of Hutchison Whampoa's profits easily and without risk. It is no wonder that capital in Western countries likes to make money through financial means. It is really easy to make money, and it is much better than the bitter real industry.

After deducting US$3.215 million from US$8437.5 million, US$2.37125 million remains. This is not the final profit that Hutchison Whampoa can obtain, because taxes must be paid.

1.897 million U.S. dollars, which is the final remaining profit of Hutchison Whampoa after deducting the tax of 4742.5 million U.S. dollars.

Of the US$4742.5 million in tax, half of the tax can be avoided through investment, which is more than US$2000 million. These funds will be invested in the expansion of Watsons' supermarkets.Of course, this is a tax shelter in the UK, so the funds can only be invested in the UK.

But no matter what, after investing more than 2000 million US dollars in tax avoidance, it becomes the assets of Watsons, which is equivalent to the assets of Hutchison Whampoa, which means that the more than 2000 million US dollars can also be regarded as profits.

21341.25 million US dollars, this is Hutchison Whampoa's final profit this time, but 2371.25 million US dollars of it is not cash.

After the settlement this time, Hutchison Whampoa will no longer raise funds from HSBC, so the principal of US$1.5 million will also be transferred away. In the end, Hutchison Whampoa has US$3.397 million in its company account in London.

After Yuan Tianfan and Xia Boyin sold Hutchison Whampoa's long-term gold futures investment in London, Lin Baicheng asked Xia Boyin to stay in London temporarily, and at the same time put 2 million US dollars in the company's account in London. The remaining US$1.397 million was transferred back to Heung Kong’s corporate accounts.

Yuan Tianfan can go back to Xiangjiang, and Lin Baicheng's long gold futures in other places will not be sold at this time.

On the morning of Tuesday, February 2, Hutchison Whampoa announced its investment profit. The conversion of US$6 million into Hong Kong dollars was nearly 1.897 million Hong Kong dollars.The tax avoidance of more than 8 million US dollars is true for investment tax avoidance, but tax avoidance is tax avoidance, and it is not easy to calculate this part when announcing profits.

Xiangjiang’s stock market opened on Friday last week. On the first day of the year, it was a small positive line with a rise of 1.67%. It can be said that the stock market gave investors a good start.

Yesterday, the stock price of Hutchison Whampoa rose by 1.73%, because the international gold price rose above 250 US dollars per ounce. Investors who knew that Hutchison Whampoa had gold futures investment, of course, continued to buy after seeing that Hutchison Whampoa’s investment made money. Entered, the stock price was pushed up.

If it weren't for Lin Baicheng's offshore company to take advantage of the rising stock price and sell more stocks to suppress the stock price, otherwise it would not have risen as little as 1.73%.

Today, as Hutchison Whampoa announced an investment profit of 8 million Hong Kong dollars, the stock price of Hutchison Whampoa naturally rushed up. This is definitely a good news, after all, this is the profit that has already fallen into the pocket of Hutchison Whampoa , will not disappear.

However, although the stock price of Hutchison Whampoa has risen a lot, it has not risen too much, because offshore companies have increased their efforts to sell stocks while taking advantage of the stock price rise, so the increase is limited.

In the afternoon, Hutchison Whampoa held a board meeting.

Guo Henian asked his son Guo Kongchen to attend the Hutchison Whampoa board meeting instead because he was in Malaysia, but Lin Baicheng had already communicated with him about the topic of the Hutchison Whampoa board meeting in advance.

At this board meeting, Hutchison Whampoa passed a proposal proposed by Lin Baicheng.

Hutchison Whampoa entrusted USD 2 million to a third-party Wade Investment Company for investment and operation. The investment period is one year, and the entrustment fee is a symbolic US$1, but Wade Investment will receive 10% of the profit as a management fee.

The so-called Wade Investment is actually a shell of Lin Baicheng's many offshore companies, which means that this fund is managed by Lin Baicheng's Golden Fleece Company.

The reason for doing this is because Hutchison Whampoa's gold futures investment is already known to everyone, so when the financing interest expires, the investment is transferred to Lin Baicheng's own company to operate, so that there is no need to worry Specific investment details were leaked.

What's more, if the investment is handed over to Lin Baicheng's company to operate, the offshore company will divide the principal into many shares for financing through multiple channels of different banks, and HSBC will not have to earn the financing interest.

Of course, Lin Baicheng is dissatisfied with what HSBC has done. Although he will not turn against HSBC, if possible, he does not want HSBC to make money from him.

Another advantage of handing over Hutchison Whampoa's funds to Lin Baicheng's third-party company is that Lin Baicheng can charge a benefit fee, and at the same time he can make his company earn more by doing accounts.

Of course, this kind of thing must not be too much, so Lin Baicheng only charges 10% of the profit as compensation. At the same time, he has not yet made a decision on whether to make additional accounts. Everything will be settled after the investment profits are settled.

The current control of Hutchison Whampoa is firmly controlled by Lin Baicheng, so his motion was passed unanimously.

Lin Baicheng's repeated successes have brought huge investment profits to Hutchison Whampoa. Therefore, before his golden body of success is broken, as long as his proposal is not too outrageous, the directors will not object to it, because the objection is meaningless. It's better to go with the flow.

After Hutchison Whampoa's board of directors ended, the company announced the resolution passed by the board of directors, and the market said it was mediocre. After all, it is unclear whether the impact of this announcement on Hutchison Whampoa is good or bad.

However, for some people, this announcement was a bolt from the blue. Not long after the announcement, Lin Baicheng received a call.

(End of this chapter)