Rebirth 1980: Marrying my sister’s best friend at the beginning

Chapter 615 Back to the carbine!
When Smith and others saw that Li Yi was going to repeat his old tricks again, and seemed to want them to be the successors, they reacted immediately.

After some discussions with the leaders of the Jardine Group, he finally decided to immediately stop snapping up shares in the New Territories Warehousing Center and follow Xingchen Company to sell off part of its circulating shares.

That’s right, selling stocks!
It's not that Jardine is unaware of the current crisis, but the stock price of the New Territories Warehousing Center is so high that they don't dare to buy too much.

Of course, this is also directly related to Yihe's operating conditions in recent years.

In the past, Jardine was indeed unparalleled. At its peak, Jardine held almost all the import and export terminals on Hong Kong Island with its left hand. Whether it was engaged in foreign trade or shipping, everything had to be done based on their faces.

In addition, they were involved in real estate and finance on a large scale. Almost half of the landmark buildings on Hong Kong Island were built by Jardine Matheson Land Company. At that time, Jardine Matheson really had both hands in its pockets and no one knew who was the opponent.

However, no matter how glorious it is, it is a thing of the past. It is said that a hero does not mention his bravery in the past. In the past few years, Yihe has become a hero who has exceeded his courage.

In recent years, their business situation in Hong Kong Island has indeed not been optimistic. Their performance in various fields has been very worrying. There are very few companies that can achieve balanced revenue, let alone profitability.

Many times, they borrow money to survive.

In order to alleviate the financial crisis of enterprises, many companies in the Jardine Matheson Group had to choose to sell large amounts of bonds to obtain cash to maintain operations.

This approach of tearing down the east wall to make up for the west wall is undoubtedly poisonous to quench thirst. Over the past few years, most of the companies in the Jardine Group have been heavily in debt.

Especially for large companies like the New Territories Warehousing Center, which need to invest a lot of money in maintenance and operation, the funds required are even greater.

In order to survive, Jardine Matheson had to sell shares in the New Territories Warehouse Center again and again in exchange for funds, which eventually led to the decline in the reputation of the New Territories Warehouse and the depreciation of the stock.

It can be said that they have fallen into a vicious cycle at this time.

The house was leaking and it was raining continuously. Originally, Jardine's business was already very difficult. However, in the gold war some time ago, they invested more than 20 billion Hong Kong dollars, almost losing all the money Jardine acquired from selling Wharf last year. Go in.

If not for this time, Xingchen Company and the Chinese capital behind them were indeed determined to compete for control of the New Territory Warehouse and kick out the Jardine Group.

Otherwise, Jardine will never ask for help and spend huge sums of money to repurchase the shares of New Territories Warehouse.

At present, they have almost doubled the price to acquire 29% of the New Territories Warehousing Center's shares. In order to compete with Xingchen Company for the controlling stake in the New Territories Warehousing Center, they invested 20 billion Hong Kong dollars.

The money was all borrowed from HSBC. Once it is locked up, it will be troublesome.

Therefore, when he saw that Xingchen Company was about to withdraw, the head of Yihe couldn't sit still.

For them, once they are locked up in a high position, the company will immediately fall into extremely difficult operating conditions.

By then, it will not just be a New Territories warehousing center that will be affected, but dozens of large and small companies in the entire Jardine system will be affected.

The only solution for now is to follow the steps of Xingchen Company and sell off the shares in hand.

After Jardine joined the wave of selling stocks, all investors were confused.

They understand that Xingchen Company is clearing out its positions and wants to cash out after raising the price. This is normal.

What are you, Jardine Matheson Group, trying to do? You are the old owner of the New Territories Warehousing Center, so why are you following along?

In an instant, the entire Hong Kong Stock Exchange was in a sudden change, and the stock price of New Territories warehouse was instantly pulled down by 8 Hong Kong dollars.

More importantly, this move by the Jardine Group directly defeated the psychological defenses of those speculators, and they hurriedly cleared their positions and ran away with them.

In the VIP room, after receiving Pang Feiyan's report, Li Yi couldn't help but raise the corners of his mouth slightly.

Then he looked at his watch and found that there were less than 10 minutes left before the market closed.

At that moment, he immediately ordered all traders to go out immediately and buy all the New Territory warehouse stocks on the market, giving Smith and others a slap in the face.

Xingchen Company suddenly turned around, and all traders took action together, frantically buying shares in New Territory Warehouse.

By the time Smith and others noticed something was wrong, all the millions of shares they had listed had been taken by traders from Star Company.In just a few minutes, traders from Xingchen Company purchased tens of millions of shares, and the average price was only HK$100 per share, which was a drop of more than HK$30 from an hour ago.

More importantly, with the addition of these tens of millions of shares, Xingchen Company now holds 53% of the shares of the New Territories Warehousing Center, and has obtained a controlling stake.

The situation changed so unexpectedly that in the VIP room next door, both Powell, the head of Jardine Matheson, and Smith, the chief butler of the British-owned group, were stunned!

At the same time, they also realized that they had been cheated.

Xingchen Company has no intention of running away at all, the other party is just retreating in order to advance.

Because they couldn't hold back their anger, the other party has now successfully obtained the controlling stake in the New Territories Warehousing Center.

If nothing else happens, tomorrow they will take the certificate of equity to the New Territories Warehouse Center to confirm the validity of the equity, and then, as the controlling shareholder, request to reconvene the shareholders' meeting.

By then, Jardine Matheson Group will not only lose control of the New Territories warehousing center, but most of its senior executives will be kicked out and become the laughingstock of the industry.

"Powell, we lost!" Smith said with a frustrated look.

At this time, he felt extremely desperate. This was the fourth time they played against Li Yi, but just like the previous times, they lost miserably.

On the other hand, Powell's expression was quite calm.

After a moment of silence, he said in a deep voice: "Smith, let's go meet that young man!"

Smith was stunned for a moment, then said, "Why are you meeting him?"

"Make a deal with him!"

"???"

"I plan to transfer all the remaining 21% of the stocks in my hand to him!" Powell said in an astonishing way.

"What did you say, this."

Smith was confused by Powell's decision. What was going on?

Powell sighed and said: "As you said, we have lost. We have lost control of the New Territory Warehouse. Rather than being driven out, it is better to evacuate proactively!"

When he said this, Powell's tone was very calm, without any waves.

This is not to say how good his mentality is, but that they within Yihe have long expected this kind of thing, but they didn't expect this day to come so soon.

In fact, as early as when Charter King and Li Chaoren joined forces to compete with them for the Wharf warehouse, Powell and the entire Jardine Matheson Group knew that the New Territories warehouse would soon become the next target for the Chinese group.

There is no way, the stock price of New Territory Warehouse has depreciated so much that it is completely inconsistent with its actual value.

When Xingchen Company was in trouble, the price of more than 60 Hong Kong dollars per share was not even enough for one-third of the property value of the New Territories Warehouse.

In other words, the actual value of New Territory Warehouse is about 200 billion, but its valuation in the stock market is only about 65 billion. As long as it is replaced by someone who knows how to run it, the company's stock price can be raised quickly.

It’s not that Jardine Matheson is unaware of this problem, but their business methods are too Westernized, and coupled with the ongoing financial crisis within the company, they are simply unable to adjust the business methods of the New Territories warehouse and the Wharf warehouse that was previously snatched away by the charter king. .

In the end, these two major warehousing centers became the stepping stone for Chinese capital to be crowned the king!

The matter has reached this point and is irreversible. The only thing we can do is to minimize our losses.

Powell wants to take advantage of the fact that the stock price is now at a relatively high level and sell all his New Territory Warehouse shares to Li Yi.

In this way, although they lost their position in the New Territories, they gained a large amount of cash. This result is not unacceptable.

Thinking of this, Powell immediately stood up and walked towards the VIP room diagonally opposite!
When Smith saw this, although he felt extremely unwilling to do so, he could only walk a few steps quickly and follow him.
(End of this chapter)