Start from 1980

Chapter 657 A sure thing

Su Chen left here, got into the car, and opened the letter curiously.

After reading it carefully, he had no idea what Liu Jinjin meant by not letting his family know.

Because this is not a courtship letter at all, but a letter of solicitation from Harvard Business School Press, probably because the sender is a girl, so he said that.

……

After a night's rest, I'm ready to launch the final blow.

Originally, Su Chen was short of money, but he shorted several hundred million U.S. dollars with leverage, and borrowed several hundred million from the Bryan family.

After successfully cashing out more than one billion plus borrowings, it can just fill the cash flow gap of the acquisition of land.

Because according to the current exchange rate, 300 billion Hong Kong dollars is about three billion U.S. dollars, but this claim is not necessarily a comparison with what you actually have.

For example, during the Battle of Saerhu in the late Ming Dynasty, the Ming army used a total of 11 troops, but the publicity was 20, and there is another saying that it was 47!
When Cao Cao fought the Battle of Chibi, his total strength was 20, but he claimed to be an army of 80.

You don't care if I have so many, I just want to say that there are so many, what can you do to me?
But the 300 billion news really scared Pu Weishi.

Because Shengshi's assets are not many in Hong Kong, most of them are overseas, such as the United States and Japan.

Although he did not see real money, Pu Weishi believed that the other party should have raised funds overseas, otherwise he would not be so arrogant.

Therefore, he chose to sit on the sidelines.

Su Chen had already made a serious analysis of all the possible countermeasures that Jardine He could come up with before making the counterattack.

Assuming that Pu Weiss is really scared by himself, it will be difficult for Jardine Matheson to raise a large amount of cash without the support of HSBC, so they can only find other ways out.

Although it is not known whether Pu Weiss lent money to Simon Keswick, it is not difficult to rule out that he got the money with the exchange method proposed by Jardines, and Keswick wanted to take the opportunity to stabilize the shares in the family's hands.

However, if this exchange purchase method wants to gain market support, Jardine's stock price must be able to maintain.

Because only Jardine Company has sufficient market capitalization to ensure that the B shares it issues will not become junk stocks.

It's a pity that this morning, as soon as the Hong Kong stock market opened, there were frequent sell orders for Jardine shares in the trading market, and there were three sell orders for 3 million shares.

The selling price is uniformly 11 yuan, just as the closing price of Jardine Holdings the day before was 13.2 yuan. It announced yesterday evening that it will issue new shares at 12 yuan per share, which is lower than the market price.

For existing shareholders, this means that the shares in their hands are ex-rights.

It shows that Jardine's stock price has already begun to fall during the call auction stage before the market opened today.

These 3 sell orders directly nailed Jardine's opening price at 11 yuan in one breath, and they couldn't go up.

However, Hong Kong is not Wall Street. The several stock exchanges in Hong Kong together have a daily stock trading volume of about [-] to [-] million Hong Kong dollars.

Therefore, the total value of these sales orders has reached hundreds of millions.

Seeing these few selling orders, those who had been waiting to fish in troubled waters immediately bought in large sums, but all the buying opponents added up, and the total selling orders only consumed about 500 million shares, and there were still 1000 million selling orders. Shares were not traded.

So many shares have not been traded, and when the time is up, the remaining unexecuted sell orders will be canceled and replaced by 2 new sell orders for 10.8 million shares with a selling price of 500 yuan.

A large number of people flocked to it again, and buying appeared again.

But everyone can't consume so much, just after consuming 300 million shares, the buying order of 10.8 yuan disappeared completely.

As a result, a sell order for 1 million shares at a selling price of 10.5 yuan was posted again, and the buying orders began to go crazy. Cannibalized.

However, the short sellers still placed a new buy order for 10.5 million shares at a price of 1 yuan.

Today, everyone is staring at Jardine's stock, which has become the biggest focus of the entire Hong Kong stock market in the morning.

And what everyone pays attention to is not these people who take the opportunity to fish in troubled waters. Their eyes are only on the two sides in this battle.

The rookie Shengshi Holdings VS the old British Jardine Matheson.

Who will win?
Today's newspapers are mostly full of records of this transaction.

The title gets all kinds of hyperbole.

【Prosperity against Jardine, a war without gunpowder! 】

[Can the stock madness win again? 】

[The war that everyone is watching! 】

【Prosperous Age raises the purchase price, Jardine may not be able to resist】

Yes, Shengshi announced early in the morning to increase the purchase price, raising the purchase price of Hongkong Land shares from more than 9 yuan per share to 10 yuan per share, with cash payment.

The reporters even squatted on the exchange to look at the data, while recording these frightening data, and at the same time sending out the news, when the afternoon market closed, they found that the total turnover of Jardine shares had exceeded 2 million yuan .

At this time, Jardine's stock price has been suppressed to 9.5 yuan, which is nearly 28% or almost 30% lower than yesterday's closing price.

The main force for shorting Jardine's stock is naturally the trader team led by Su Chen himself.

While quietly absorbing Hongkong shares, Jardine also bought shares. During the whole morning's selling, Su Chen lost nearly 3000 million yuan.

And this trick also successfully made Jardine's plan to issue new shares in exchange for purchased local shares aborted.

Those who can fish in troubled waters in the stock market are not fools. No one is so stupid as to subscribe for Jardine shares with a market value of only 12 yuan at a price of 9.5 yuan.

The most important thing is that if calculated based on Jardine's latest stock price, the book purchase price of Jardine's shares in Landmark has fallen from 12 yuan when the exchange plan was announced yesterday evening to more than 9 yuan at the close of trading at noon, and there are still Signs continue to fall!

Compared with Shengshi's purchase price, Jardine's book purchase price is still higher, but the Keswick family does not intend to pay in cash.

As far as the exchange plan they proposed, it will take half a year for the bonds that account for the majority to be repaid, which is very risky, because no one can tell whether there will be a risk of default by then.

At the same time, Jardine's stock prices, which were used for redemption, have been plummeting.

Money is only money if it falls into your pocket, and only what you eat in your stomach is yours.

Compared with the two, those investment institutions and shareholders who hold Hongkong shares don't even think about it, and directly consider Shengshi Holdings, which pays in cash.

I am afraid that people will gather together in everything. When there are too many people, it is easy to form cliques.

When one person has this kind of thinking, it is easy to infect others.

Soon, more and more shareholders were eager to sell their stocks, and even worried that they would not be able to sell them if it was too late.

Because Shengshi entrusted Huodoli, this caused Huodoli to be full of stockholders, and more and more stockholders came to sell their stocks, and the queue became longer and longer.

In the end, they actually lined up from inside the building to the road outside.

Seeing so many stockholders eager to sell stocks, the police department worried that someone would take the opportunity to cause trouble, so they urgently dispatched a number of police officers to maintain order.

In addition to these common stocks, some shareholders have also begun to sell their shares.

Because these people were disappointed with Jardine, originally the big guy chose to wait and see what kind of counterattack Jardine would make before making a decision.

As a result, Jardine's counterattack plan disappointed everyone.

Although Pu Weishi said that the loan will be very difficult, but did not say that there is no chance.

And Keswick actually chose to issue new shares in order to stabilize his shares, because he thought that the 300 billion that Shengshi said was just an exaggeration. How much is Shengshi's assets in Hong Kong?

How could it be possible to get 300 billion?
Under these two wrong judgments, Keswick also made wrong decisions.

Out of disappointment with Jardine, these small shareholders stopped waiting and began to accept Shengshi's cash acquisition plan one after another.

By the evening, the shares of Hongkong Land held by Shengshi accounted for 20% of the total share capital of 45 billion shares.

Even if Jardine Company can successfully obtain 2 million additional new shares from Hongkong Land, it will still lag behind Shengshi in terms of the total number of shares held.

Su Chen only needs to spend another day, and he is absolutely sure to increase the shareholding to more than 50%, and then Keswick will obediently give up the land.

This matter has been planned for several years, and the timing of the action is just right, because Keswick has just completed the initial unlocking of Yizhi Mutual Control, but the follow-up steps have not been completed. If it is the follow-up plan, it is impossible for Su Chen to make a move.

But just as his plan took a small step, it was directly hit with a devastating blow.

Landmark, the most important company in the Jardine family, will soon have a new owner.

Pu Weiss can almost be said to be dumbfounded watching all this happen.

Could it be that the world is changing too fast?

Or are young people today too brave?

He didn't know that his mind was in a mess after more than [-] years of practice, and he couldn't help but curse Keswick inwardly. How could this bastard make such a wrong judgment?
In fact, I can't blame Keswick for this, because he wants to stabilize his equity too much and trusts his own judgment too much.

……

Su Chen called Pu Weiss and Simon Keswick together to discuss the follow-up matters.

Why seek Pu Weiss?
Because HSBC Bank has a large amount of credit funds in Hongkong Land Company, and at this time Shengshi and the purchase of land are already a certainty.

If Shengshi still pays too high a price, it means that Hongkong Land will bear more debt pressure after being acquired.

would push up the risk of default on those credit funds invested in Hongkong Land.

Even if he is reluctant, Pu Weishi can only come.

He has just taken office, and he doesn't want HSBC to fall into an inexplicable default risk quagmire because of this kind of thing.

Facing Simon Keswick, whose face was distorted due to anger, Su Chen had a sunny smile on his face:

"Mr. Keswick, it's a pity to meet you in this way. If we were on another occasion, I would definitely buy you a drink, but now we must talk about mergers and acquisitions."

"If I'm not wrong, your family's shares in Jardine are only about 15%. Why don't you just control Jardine directly? Leave the land to us."

"Of course, you can also choose to fight hard, but don't forget, we also have shares of the Jardine family. I think the other people in Hong Kong must be very interested. Even if they are not interested, there will be a lot of people in Asia waiting. Go ahead and buy."

He said with a smile: "If the credit of Jardine Harmony Holdings is downgraded, the consequences should not be affordable for you."

Pu Weiss sighed: "Man, although I also don't like this young man, I have to tell you that the stock price of Jardine Holdings has fallen by 28% today, nearly 30%, and you know what it means. "

If eyes can kill, Simon Keswick now hopes that his eyes can pierce the annoying Chinese in front of him!

I really never expected that this guy actually prepared so much money!
He didn't even have time to find a bank loan, resorted to the second trick, Shengshi already held 45% of the shares, it was like a dream.

Simon Kesek wanted to return time, but it was impossible.

The Keswick family can lose land, but they can no longer lose Jardines!

Simon Keswick, like a defeated rooster, finally lowered his proud head, he was silent for a long time, and then spoke with difficulty: "I can transfer the shares of Jardine Land to you at the price you have given!
But you also have to transfer 12.5% ​​of Jardine Holdings shares held by Landmark to Jardine Securities and the Keswick family at today's closing price! "

Facing Keswick's request, Su Chen suddenly smiled, then knocked on the table: "Mr. Keswick, do you think I'm a fool?"

(End of this chapter)