Hong Kong: Starting with 10 billion

Chapter 31 Li Ka-shing: The heroes of the world are only you and your sincerity (please collect, recommend and vote for the monthly ticket)
Fang Hexuan did not tell You Bingwen about the next step after buying the stocks.

It's also to prevent him from thinking too much and involving his mother.

But You Bingwen couldn't sleep that night.

The next day, with dark circles under my eyes,
Under the coordination of Fang Hexuan,

Liu Juncheng's uncle Li Wenli was contacted.

The two were very polite when they met.
Because they are still unsure of each other's background,
There will be less tension involving money.

Loans, transfers, and stock account establishment.
During the early preparations, the two worked together very smoothly.

You Bingwen contacted a brokerage manager he knew.

He was entrusted to buy up shares of Wharf Holdings.

"Mr. You, are you also bullish on Wharf Holdings?"

"I am holding shares for someone else. Is this stock popular right now?"

“They are all hyped up.”

"The Hang Seng Index fluctuated around 420 points throughout last year."

"It's almost March this year, and it's still over 400 points."

"There is not much trading interest in the dozens of constituent stocks in the market."

“Wharf’s earnings report was also lackluster.”

"But since October 10 last year, when Hong Kong Economic Times stock analyst Sicong was optimistic about Wharf's prospects, its share price has risen from HK$12 to HK$13.5 today."

"Many people with ulterior motives are promoting Wharf Holdings' stock."

“It all depends on who is the banker and who is the leek.”

After hearing what the manager said, You Bingwen felt a little worried.

In seven days, buy enough stocks at less than HK$35.

It doesn't seem to be an easy task now.

But then I thought that this stock has a definite upside potential.
He also felt relieved for Fang Hexuan.

Although he is a patent lawyer, he is also a top student at Cambridge.
But there is not enough research and study on stock and financial markets

There is no essential difference between them and ordinary retail investors.

"Please ask Mr. Jiang to ask the sellers in the market so that I can give a lower price."

"No problem. There are still many people who want to cash out and leave."

"Thank you very much. I'll treat you to dinner some other day!"

······
On the third day after You Bingwen's death,
The share price of Hutchison Whampoa has risen from HK$27.2 per share on the first day to HK$29.5 per share.

This increase is already astonishing.

You know, in January this year,

The share price of Hutchison Whampoa has fallen from HK$19.7 at the end of last year to a low of HK$11.8.

Even if there are human factors behind the scenes,

There is no huge amount of funds to move such a large plate.

What's more, Jardine Matheson, the company behind Hutchison Whampoa, is not blind.

There really is a large amount of capital coming in to stir up trouble.

Jardine Matheson should have stepped in to save face long ago.

Li Ka-shing of Cheung Kong Group is a typical example.

He was the type who didn't want to shoot, so he quietly entered the village.

Although Li Ka-shing is a typical businessman without a motherland,
But ordinary people have to admire his vision and keen sense of smell.

Before October last year, that is, before Sicong raised the share price of Wharf Holdings,
Li Ka-shing has already set his sights on Hutchison Whampoa.

The share price of this stock has not fluctuated significantly for a long time.

When he entered the market to buy, the stock price was only HK$13 per share.

It is 10 yuan lower than 12 Hong Kong dollars on October 13.5.

But the time interval may be one or two months.

Li Ka-shing's shrewdness was also reflected at this time.
Although he wanted to take over Wharf very much,

But when it comes to action,
But you can be calm and composed.

He instructed his investment advisors to spread the funds into multiple secret overseas accounts.

Swallowing up the low-priced Wharf shares in the market bit by bit.

I bought it from September 1977 to March 9.

It took nearly half a year.

Only managed to buy more than 1000 million shares.

This shows Li Ka-shing's caution, prudence and perseverance.

The price he paid for the last batch of Wharf shares was HK$30 per share.

It was already early March 1978.

At that time, speculators and retail investors in the market finally discovered that a super large investor was buying large amounts of Wharf Holdings shares, so they also flocked in and bought this stock crazily.

By late March, the share price of Hutchison Whampoa had been pushed up to HK$3 per share.

At this time, Yihe began to panic.

After investigation, it was discovered that the largest investor was Li Ka-shing.

Finally, HSBC was asked to mediate.
Stop him from buying any more.

In fact, when Jardine discovered the unusual movement of Wharf shares,

Li Ka-shing has stopped making big purchases.

He was unwilling to give in to the wishes of retail investors and speculators.

Give them money for nothing.

Besides, it would wake Yihe up earlier.

In this time and space, it was March 1978, 3.

The astute Li Ka-shing suddenly discovered that

The share price of Hutchison Whampoa in recent days.

The rise is obviously more fierce than in the previous few days.

Let people inquire carefully,

I just realized that some people are also actively buying Wharf Holdings shares.

Although the other party's funds are not large,

But Li Ka-shing dare not underestimate it.

Who knows if the other person is the same as you?
Several hidden stakes were planted in the stock market.

When Li Ka-shing started buying last year,

The circulating shares of Wharf Holdings in the market account for more than 60% of its total share capital.

Its major shareholder, Jardine Matheson, only holds a few percent of the shares.

A large number of retail investors, speculators, and institutions hold the vast majority of outstanding shares.

If the other party covets the fat pig of Kowloon Wharf as much as he does,

Maybe they are also using multiple accounts to buy the increasingly scarce circulating shares in the market.

Then the situation will become much more complicated than expected.

What he fears most is,
The snipe and the clam fight,

In the end, Jardine Matheson took advantage of the situation.

Li Ka-shing observed patiently for two days.
I didn't see anything special about it.

So I sped up my actions.

I was afraid that the other party would eventually buy more shares than I did.

At that time, Li Ka-shing will face two powerful opponents.

Just thinking about it gives me a headache.

At this time, Li Ka-shing
Although the foundation of commercial hegemony has been established,

But the funds are still not strong enough.

Otherwise, he wouldn't be trying so hard to please HSBC.

(Li Ka-shing: Who made this old British bank a super wet nurse?)
······
On the sixth day given by Fang Hexuan,
That is January 1978, 3.

The share price of Hutchison Whampoa has risen to HK$33.4 per share.

You Bingwen and Li Wenli calculated the numbers together.
More than 1700 million has been spent.

The average purchase price of the stock was HK$31.6.

Although it is not high, it is not a big deal either.

You Bingwen can't be blamed for not trying his best.
He even mobilized his own circle of friends and colleagues,

Looking for retail investors to buy Wharf Holdings shares.

But he is not from the financial circle.

In terms of personal connections, his connections are several levels lower than Li Ka-shing, who is a big boss with friends and acquaintances all over Hong Kong and Kowloon.

Li Wenli knew what these stocks would be used for, so he worriedly said:

"In the end, there's less than 300 million left. Why not just spend it all?"

"Tomorrow is the last day, and it is estimated that the price will rise to more than HK$34 per share."

"We're bidding for the last time, 34.8 Hong Kong dollars, to see if we can buy it all."

You Bingwen hadn't had a good rest these past few days and had been nervous about stocks. He analyzed with a sallow look on his face.

"hope so!"

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(End of this chapter)