Reborn in Hong Kong as a Tycoon

Chapter 423 Investment Changes, Thomas Surprise Visit
Not many days have passed in April. Last month, at the invitation of the Minister of Foreign Trade of the Mainland, Mai Lihose, who went to the Mainland with his wife to hold talks with senior officials in the Mainland, returned to Xiangjiang after an [-]-day visit.

During this visit, Mai Lihao even had talks with Mr. Deng, which shows the high level.

As for the content of this meeting, after returning to Xiangjiang, Mai Lihao brought Deng Lao's words "Investors in Xiangjiang can rest assured" to all walks of life in Xiangjiang.As for the content of more talks between the two parties, McLehose did not say much.

Mr. Deng's words, "Investors in Xiangjiang can rest assured," were quickly interpreted by the media as meaning that "everything is negotiable in the negotiations on the future of Xiangjiang between Britain and Huaguo."

A few people, including Lin Baicheng, do not believe this interpretation of the media, especially Lin Baicheng, who is well aware of the mainland's firm determination to take back Xiangjiang.It's just that these discerning people will not refute and explain the interpretation of the media, and let the media report.

Therefore, under the interpretation of the media, the vast majority of people in Xiangjiang think that the future negotiation of Xiangjiang is not a problem, so they are naturally more optimistic about the economic development of Xiangjiang.

The stock market was the first place to respond. With everyone optimistic about Hong Kong's economy, the Hang Seng Index naturally ushered in a big rise, and it rose sharply for several days in a row.This time it can be said that the market is generally up. Stocks in almost all industries have risen, and only a few stocks have not risen.

However, just as the Hang Seng Index was soaring, the offshore company reported to Lin Baicheng that the stock price of Hutchison Whampoa had fallen below 60 Hong Kong dollars, and the offshore company still held some stocks. Hold it according to the original plan or continue to sell it.

The stock market is going well, but his own stocks are falling. Of course, Lin Baicheng wants to ask why.

The reason was soon found out. The drop in Hutchison's stock price this time was not due to short selling, but was related to the multiple reductions of offshore companies.

Since the beginning of this year, Hutchison Whampoa has seen positive news many times, but each time it cannot break through the previous high of 70 Hong Kong dollars. Shareholders can naturally see that there is a lot of pressure on it, so the stock price has actually been slowly fluctuating after the positive news It has gone down. If there is no sudden good news this time, the stock price will soon fall below the price of 60 Hong Kong dollars in the downtrend.

However, the media's misinterpretation of the sentence brought back by Mai Lihose caused the entire Hang Seng Index to soar, benefiting all companies. Therefore, Hutchison Whampoa's share price rose accordingly, charging towards the price of 70 Hong Kong dollars. Unfortunately, offshore companies are constantly rising. The stock price was sold in the middle of the price, so this time the charge failed again.

Moreover, this failure soon ushered in a sharp drop, and there was no funds to take orders, because almost all stocks were rising. When the stockholders saw that the stock price of Hutchison Whampoa did not rise but fell, of course they chose to buy another stock, so It didn't take long for Hutchison Whampoa's stock price to fall below the price of 60 Hong Kong dollars.

Knowing that the stock price fell because of his own continuous selling of stocks, Lin Baicheng had nothing to say, and could only ask how many stocks he had sold and how much money he had withdrawn so far.

林佰诚的离岸公司原本持有和记黄埔5910万股股票，截止到2月9日卖出了1580万股, 回笼9.9亿港币左右的资金，扣税后剩下9.6亿港币，不过这些钱被拿去收购电视技术以及做多黄金期货了。

Offshore companies have been selling the remaining 4330 million shares of Hutchison Whampoa, and because Hutchison Whampoa has had many favorable relationships, a total of 3260 million shares have been sold in the past two months, and now there are still 1070 million shares left Not sold.

The average selling price of the 3260 million shares sold was 64.31 Hong Kong dollars, and a total of 20.96 billion Hong Kong dollars was withdrawn. After tax deduction, the remaining 20.33 billion Hong Kong dollars, converted into U.S. dollars, was 4.84 million U.S. dollars.

Because Lin Baicheng took away 6.3 million Hong Kong dollars from the Hutchison Whampoa stock sold last time to acquire Venus TV Company, so there is only 3.3 million Hong Kong dollars left in the offshore company. Including the capital withdrawn this time, the total capital It is 23.63 billion Hong Kong dollars, or 5.62 million U.S. dollars.

However, Lin Baicheng asked Vivien Kelly and the others to use US$3 million to finance long gold futures. With these funds, Vivien Kelly and the others had completed the operation a while ago, so the remaining funds were only US$2.62 million.

The average buying price of the US$3 million gold futures operated with ten times leverage is US$244.5 per ounce, mainly because the international gold price has fluctuated within a narrow range in the past month, neither rising nor falling sharply.

In addition to the gold futures with a principal of 3 million U.S. dollars, Lin Baicheng's gold futures with a principal of [-] million U.S. dollars at Mitsubishi Bank expired as early as February. For offshore companies to operate, use ten times leverage.

For the US$211.3 million principal of Mitsubishi Bank, Lin Baicheng only used five times the leverage at the beginning. The cost of buying was US$247.8 per ounce, and the average selling price was US$600 per ounce, making a profit of more than US$1500 million. Financing interest of $5700 million, plus tax deductions, leaves $[-] million in the end.

Lin Baicheng used the tax deductions for the seven million or so dollars in tax deductions, and used them all to buy villas and high-end apartments, which can be regarded as investments in disguise.

Lin Baicheng did not return the US$1.57 million that was withdrawn to Mitsubishi Bank, but handed over US$1.5 million to an offshore company, using 243.95 times leverage to do long gold futures, with an average buying price of US$[-] per ounce.

Not only was he originally long gold futures at Mitsubishi Bank, but when Lin Baicheng's leveraged financing with Goldman Sachs expires in a few days, he will also settle the principal of Goldman Sachs and hand it over to an offshore company for operation. For the sake of concealment, try not to let more people know that he made a lot of money in long gold futures.

At present, the funds that the offshore company sells and returns to the circulation, after deducting the 3 million US dollars used to go long gold futures, there are still 2.62 million US dollars of funds, plus the 1000 million US dollars principal that Lin Baicheng originally gave to the management team, plus The management team made a profit of about US$3.72 million, and now Vivien Kelly manages about US$[-] million.

Because the management of the offshore company manages 3.72 million US dollars, the amount of funds is not small, so after thinking about it, Lin Baicheng decided not to sell the remaining 1070 million shares of Hutchison Whampoa, and let the offshore company continue to hold with.

Regarding Lin Baicheng's decision, Vivien Kelly and the others were a little disappointed. Of course, they hoped that the more funds they managed, the better, so that they would get more commission after making profits.But at the same time of disappointment, they were also a little thankful that they were able to manage more than [-] million U.S. dollars in funds, which was no small sum.

Lin Baicheng didn't care about what Vivien Kelly and the others thought. The reason why he made such a decision was because he knew very well that Hutchison Whampoa's stock price would rise sharply this year and next year, because Hutchison Whampoa spent 2 million US dollars in capital Financial financing of 20 billion U.S. dollars to do long gold futures. When the price of gold rises to a high point, the profit will be at least 40 billion U.S. dollars, which will be tens of billions of Hong Kong dollars when converted into Hong Kong dollars.

Even based on the current stock price of about 60 Hong Kong dollars per share, the market value of Hutchison Whampoa is nearly 240 billion Hong Kong dollars. If the outside world knows that Hutchison Whampoa has made tens of billions of Hong Kong dollars in profits, then the stock price of Hutchison Whampoa will not rise much. Ghost.

Therefore, if you hold the shares of Hutchison Whampoa and do not sell them, and do not use them for other investments, you will not lose money. The profits here are very stable.

Because he knew that it was his own reasons that caused Hutchison Whampoa's stock price to fall instead of rising when the market was good, not because someone was shorting the company's stock, so Lin Baicheng let Hutchison Whampoa's stock price go down and ignored it at all.

In Lin Baicheng's view, as long as Hutchison Whampoa's stock price fell for a while, as long as he didn't sell it, it would mean that it didn't fall, and it would rise sooner or later, and it would rise even crazier, so there was no need to pay attention to it.

Ignoring Hutchison Whampoa's stock price changes, these days Lin Baicheng is either in Xinghe Game Company or Sino-Ocean Trading Company, and he needs to sit in charge on both sides.

Especially Galaxy Game Company, although Goldman Sachs has sent a team to Xiangjiang to conduct due diligence on Galaxy Game Company, and at the same time assist Lin Baicheng in splitting up the console business, but it is related to the time when the console goes on sale, so he wants to complete the split as soon as possible.

The split of the mainframe business requires not only splitting most of the hardware R&D department, but also splitting nearly half of the software R&D department, as well as some factories and employees.

After the split is completed, Lin Baicheng will also concentrate the split part into one company.Fortunately, the controllers of the two companies are both Lin Baicheng, so the factory part only needs to divide the ownership, and there is no need to relocate.

Xingyue Video Game Company, this is the name Lin Baicheng chose for the host company after the split, and the company has even completed the registration.

On the afternoon of the [-]th, Lin Baicheng at Xinghe Game Company was surprised to learn from Qin Lan that Wade Thomas from Goldman Sachs had come to Xiangjiang and wanted to meet Lin Baicheng.

Lin Baicheng was very surprised that Wade Thomas came to Xiangjiang suddenly. Of course, he would not refuse to meet Wade Thomas, and directly said that he would wait for Wade Thomas to come over from Galaxy Games.

In less than half an hour, Qin Lan led Wade Thomas into Lin Baicheng's office.

"Thomas, why did you come to Xiangjiang? And there is no news at all."

Lin Baicheng went over to shake hands with Wade Thomas.

"I made a temporary decision to come here."

The two shook hands and sat down on the sofa.

Wade Thomas said: "This sudden visit to Xiangjiang is mainly related to Xinghe Game Company."

"Any questions?"

Lin Baicheng asked with a face.

"The due diligence team sent by Goldman Sachs conducted a preliminary investigation on Xinghe Game Company. The revenue and profit of Xinghe Game Company were unexpectedly high, especially the profit. I'll come over and have a look."

Wade Thomas was quite uneasy. According to Goldman Sachs' survey, the profits of companies that make arcade games are about 20%-30% of their revenues. However, Galaxy Games Company's profits exceeded half of their revenues, reaching 60%. % a little more than two to three times that of other companies in the same industry.

Originally, according to Goldman Sachs' assessment, the profit of Xinghe Game Company last year should be around [-] million US dollars. A delicious piece of fat.

But the truth of the matter is that, excluding Galaxy Games’ investment in consoles, Galaxy Games’ profit reached 3 million U.S. dollars last year, three times what Goldman Sachs estimated, a figure beyond imagination, which made Goldman Sachs not at all Believe it or not, Lin Baicheng was once suspected of falsifying data.

Lin Baicheng listened and said: "If you don't believe me, you can check it out, anyway, the facts are there, and I'm not afraid of you looking into it."

"Alan, it's not that we don't believe you, it's just that those statistics are amazing."

Wade Thomas quickly explained, and then changed the subject: "Alan, this is a good thing. Galaxy Games' revenue and profits last year were so high. I think it will definitely be sought after by a lot of capital, and at the same time, it will be able to sell at a higher price." The price-earnings ratio is listed."

"That would be the best."

Lin Baicheng smiled, of course he hoped that the company could be listed with a higher price-earnings ratio and at the same time raise more funds for the company's development.

Wade Thomas said: "Alan, I have read the basic situation of Xinghe Game Company. I found that your company is only planning to develop two arcade games this year. Is this number too small? No, I don't believe you. The strength of the company, but your company is now in the sprint stage of listing, once the developed game is not popular in the market, it will inevitably affect the listing of the company, at least it will affect the valuation. "

"Thomas, my original plan was to focus more on the console game business this year. Now that this business has been split, I will let the company recruit some more game developers to develop a few more games."

That is to say, but no matter how many arcade games the company develops this year, Lin Baicheng will only give the settings and gameplay of the two games. Authentic.As for the few more games developed, they should be used as practice for the people below. It is best to make money, and if you don’t make money, you can’t lose too much.

Wade Thomas reminded: "Alan, before Galaxy Games goes public, you'd better pay more attention to the games developed by the company and develop classic games like the previous four, so that the capital market will be more convinced that the company will not It is short-lived, but on the road of stable and rapid development."

"Don't worry, Thomas, I know it well. After all, the company's profit is related to my pocketbook."

Lin Baicheng nodded to express his understanding. For him now, games are the fastest way to earn money. At the same time, he has many classic games in his mind, and he is very capable in this area. Of course, he cannot give up the way of making big money through games.

"You're good to know."

Wade Thomas nodded and stopped talking, but said with a smile: "Alan, after finishing business, let's talk about private matters, about Zhonghe Game Company."

Zhonghe Game Company, a company founded by Lin Baicheng, Phil Smith, Goldman Sachs, and Wade Thomas himself, Wade Thomas is a small shareholder of the company.Now the arcade machine "Western Cowboy" developed by the company has been sold in the United States, and the response is very good.

(End of this chapter)