Reborn in America: Starting as a California Resident
Chapter 92 Li Huangtai's Astonishing Move
After being reminded by Shen Bi, Li Huangtai realized that his plan to secretly plot against Hutchison Whampoa had failed.
So he decided to stop hiding it and directly launch an attack on the capital market in the name of Cheung Kong Holdings, making a big acquisition of Hutchison Whampoa's shares.
His action was like a boulder thrown into a lake, instantly creating huge waves in Hong Kong.
Hong Kong has long been a British sphere of influence, both in the financial and political spheres.
Although since the fall of Shanghai in 1927, many mainland merchants have moved to Hong Kong with huge sums of money, especially between 1948 and 1950, when a large amount of capital flowed in, making Chinese capital account for more than half of Hong Kong's social wealth.
However, even now, Chinese investment is still mainly concentrated in export processing industries such as textiles and clothing. Even when it ventures into banking and shipping, it faces numerous restrictions.
It wasn't until the 1960s, with the rise of the real estate industry, that Chinese capital truly began to emerge.
Especially after the "anti-corruption storm," the Hong Kong government has gradually transformed into a transparent and efficient modern government, the framework of a rule-of-law society has been gradually formed, and efforts have been increased in infrastructure construction and improvement of people's livelihoods. Opportunities for Chinese people to participate in politics have also increased.
These reforms greatly boosted Hong Kong's economic growth, enabling Chinese capital to make its mark in the real estate and financial sectors.
Today, the four giants of Hong Kong's real estate industry have become established, and more than half of the top ten real estate companies are controlled by Chinese capital.
Similarly, in the banking sector, Chinese-owned banks and securities companies have sprung up like mushrooms after rain. Although their strength still lags behind HSBC or Standard Chartered, they are already among the best in the Chinese-owned sector.
However, the Hong Kong market is limited, with the majority of the market share still controlled by British capital, and the development of Chinese capital faces an insurmountable ceiling.
Although Chinese capital has accumulated considerable strength, it still lacks cohesion due to its internal family-style management.
In contrast, British capital formed a solid alliance centered around four major financial groups.
Against this backdrop, although Chinese capital was willing to challenge the status of British capital, it was hesitant and fearful of a fierce counterattack.
Most Chinese-owned companies only dare to target smaller British-owned enterprises, while few dare to challenge the companies under the four major conglomerates.
Even last year, when the richest Chinese man, Paul Yip-kong, attempted to acquire Wharf Holdings, it was met with strong resistance from British capital, and he ultimately had to transfer the shares to the British firm Jardine Matheson at a high price.
This incident has made many Chinese-owned enterprises hesitant to challenge British-owned enterprises, and some even believe that Chinese-owned enterprises will never be able to shake the position of British-owned enterprises in Hong Kong.
However, Li Huangtai's high-profile move, directly targeting Hutchison Whampoa, one of the four major conglomerates, is tantamount to dropping a depth charge on a calm lake, the scope and impact of which are immeasurable.
Whether it's first- and second-tier Chinese-owned enterprises that have designs on British-owned businesses and markets, or third- and fourth-tier Chinese-owned enterprises that are still striving to establish themselves, they are all paying close attention to this matter.
Although many people believe that Li Huangtai's move is tantamount to courting death, what if he succeeds?
"Hmph, Li Huangtai, you're courting death."
Two flowers bloom, one branch each.
Here, Qi Dezun, with Henry's support, obtained a HK$2 million mortgage loan from the Hong Kong branch of Bank of America.
He seemed quite disdainful of Li Huangtai's self-destructive actions.
Back at his lodgings, he confidently dialed Wei Li's number: "Go all out to buy shares! Also, immediately contact the other shareholders and tell them I'm going to acquire their shares!"
Despite experiencing various changes, Qi Dezun still holds a 13.64% stake in Hutchison Whampoa.
With the combined 33.65% held by Henry and HSBC, acquiring just another 4% to 5% of the shares would be enough to temporarily stabilize the situation.
At that time, he will have plenty of ways to make Li Huangtai understand what the cruelty of real society is.
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"Li Sheng's actions this time are simply shocking!"
He actually chose to launch a direct attack on Hutchison Whampoa!
You should know that this is one of the four major conglomerates in Hong Kong!
This is practically a snake trying to swallow an elephant!
"Ha, a snake trying to swallow an elephant?"
I'm afraid this snake will burst before it even swallows it!
.......
As the news continued to unfold, the market situation changed at an astonishing pace.
In less than half an hour, Cheung Kong Holdings' aggressive acquisition of Hutchison Whampoa shares spread like wildfire, quickly dominating the headlines of the financial market.
People stopped what they were doing and focused their attention on the sudden stock market storm.
Investors in the stock market immediately focus on Hutchison Whampoa's stock price.
The number shot up rapidly from HK$13, as if propelled by a rocket.
Those retail and institutional investors who had just sold their stocks felt dizzy upon seeing this scene. When they came to their senses, all they heard was a chorus of cries of despair.
"Damn it, I actually sold my stocks just now, I've lost a fortune!"
"Me too, I fell for it..."
Meanwhile, investors who held on through the turmoil showed expressions of relief, as if they had survived a disaster, and then their faces beamed with uncontrollable smiles.
"I still have 1700 shares left. Luckily I didn't sell them. Looks like I really made a profit this time, I'm rich!"
"I'm still holding 3300 shares, I'm so lucky, I almost had to cut my losses and get out of the market just now..."
The survivors' joyful words were like sharp knives, piercing the hearts of those who had already left, making them beat their chests in regret.
However, it was all too late, and I could only blame myself for not being firm enough at the time.
But life has no "what ifs," only the reality before our eyes.
Whether they are disappointed, triumphant, or even bystanders, everyone is holding their breath and watching Hutchison Whampoa's stock price trend, hoping to see how high it can ultimately reach!
The stock price has been soaring!
Soon, the HK$15 mark was easily surpassed, and the stock price continued to soar!
15.13港币……15.22港币……15.39港币……15.78港币……直至16港币……
In less than half an hour, the stock price broke through several key levels, exciting all onlookers.
"It's gone up! Each share has reached HK$17, and the total market capitalization has surpassed HK$64 billion, an increase of a full HK$400 million!"
"My God, this speed is unbelievable! When will it ever end?"
"Chairman, all the companies under Hutchison Whampoa that we have cooperated with have encountered problems. Although the cooperation has not been terminated, both the delivery and the payment have been delayed until the last day, causing us a lot of trouble."
Furthermore, it seems that Qi Dezun also used his connections in both the business and political circles to exert invisible pressure on us.
Many of our partners, who used to have good relationships with us, have now become cautious, and some have even begun to distance themselves from us...
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