The Jiuding Consortium and the Swire Consortium went to war again, and it even covered all the listed companies of the Swire Consortium.
The intensity of this battle is not comparable to the previous Swire Airlines battle.
As long as mindful stockholders and institutional investors understand what this means.
Therefore, thanks to this news, investors' enthusiasm for investment is soaring, and the trading volume of the entire stock market has begun to skyrocket.
The major investment institutions had originally transferred funds to earn interest margins, but after judging that the stock market would skyrocket at least in the short term, they immediately moved the funds back and mobilized funds to enter the market.
The skyrocketing trading volume and the entry of large sums of money into the market directly caused the Hang Seng Index, which fell at the opening, to rise, easily overcome the loss and continue to rise.
This scene is exactly what Xia Yu enjoys.
He was happy, but Norman Shi Yahuai, who was holding a one-week meeting in Swire Group, was furious.
The anger couldn't conceal his panic. He directly announced the adjournment of the meeting before it was over, and asked the heads of each company to rush back to their respective companies immediately, and did their best to recover the payment and raise working capital.
He himself hurried to Swire Financial in Central on Hong Kong Island.
At this critical moment, the only thing that can resist and fight back is his money bag-Swire Financial.
The president of Swire Financial is Cedric Quincy, who is 57 years old this year and has been in the financial market for more than 30 years. He is an elite among the elite and a powerful confidant of Norman Shiyahuai.
When Norman Shiyahuai arrived at Swire Financial, Cedric Quincy was intensively arranging staff actions.
"Cedric, how is the situation?"
Norman Shiyahuai asked eagerly.
Because of the time rush, and being beaten by Jiuding Securities, Cedric Quincy was in a hurry to deal with it. Time was rushing. He had to speed up his speech and tell Norman Shiyahuai about the general situation.
"Chairman, it has now been determined that Jiuding Securities will simultaneously acquire the stocks of our existing listed companies in the market, and the acquisition is very strong and the attitude is very firm."
"I'm sorry, I have already mobilized funds to join the rush to raise money before you came."
"At present, because other investors and investment institutions are also involved, the current situation is very chaotic, and it is very difficult to raise stocks. The best way is to speed up the order entry speed and substantially increase the buying price to raise the price."
Knowing that Cedric Quincy had arranged the action in advance, Norman Shiyahuai breathed a sigh of relief. Sure enough, Cedric did not lose the chain at the critical moment.
"Good job!"
Encouraging Cedric Quincy, Norman Shiyahuai immediately asked: "How much liquidity does the company have now?"
Cedric Quincy's face became solemn, and he hurriedly replied: "Chairman, I just asked people to count. After emergency stop all investment plans, the company's current funds are only 325 million. Seventy thousand Hong Kong dollars, this still includes funds after leveraged capital allocation."
"According to the current turbulent situation, this fund is too small to last long!"
Norman Shiyahuai looked very ugly. The money was indeed too small. If it was used to acquire the equity of Swire Holdings, the market situation described by Cedric Quincy would not be able to acquire 5%!
At present, Swire Group and Shi Yahuai Family Fund together hold 51% of Swire Holding Company's equity, and do not get more than 66.7%. If the Jiuding Consortium comes in, it will be enough to be a **** stick. Swire Holdings made a mess.
In the case of competing with Jiuding Securities Co., Ltd., if you can grab another 15.7% of the equity, at least two billion!
Even more, there are so many listed companies!
The current capital of more than 320 million is enough for nothing!
Funds must be raised as soon as possible!
After only a few seconds of thinking, Norman Shiyahuai gave an order to Cedric Quincy: "Cedric, the market should be stimulated now. More and more funds will enter the stock market in the next few days, and the market will definitely It's very messy. You immediately throw away all the stocks of the companies that are not part of the group, and the recovered funds are used to grab the equity of our company!"
Cedric Quincy’s face changed, and after a moment of entanglement, his expression solemnly said: “Chairman, our own capital is only about 750 million Hong Kong dollars, and the investor’s capital is about 1.64 billion. It only amounts to less than 2.3 billion Hong Kong dollars."
"Then the leveraged fund is about HK$4.3 billion."
"Because it is still uncertain about Jiuding Securities' action plan, if we throw away the stocks of other companies and use all the stocks of our group companies, the funds will be highly concentrated, and the risk will increase by several levels."
How could Norman Shiyahuai not know this truth?
But now, the fastest and best way is this, and there are fewer constraints. As long as the companies of the Swire Consortium can maintain high share prices after acquiring stocks, there is no risk of liquidation, and investors will not Will panic to get back the funds.
Swire Financial’s risk is high, but Norman Shiyahuai judges that the risk is worth taking!
After all, in this case, it is not generally difficult for him to find the bank to borrow funds, and he has to put out a huge amount of assets as mortgage, and the bank association has just announced an interest rate hike, and the cost of his borrowing is much higher!
"Execute as I said!"
Norman Shiya said decisively with a sullen face, not listening to Cedric Quincy's opinion.
He has clarified the risks, but since the chairman decides to do so, Cedric Quincy can only execute.
"Understand, I will let people act now!"
After that, Cedric Quincy checked the employees' acquisition operations again and quickly mobilized other employees to perform the work of liquidation.
Norman Shi Yahuai went to see the stock price of each listed company.
When I saw that Swire's opening price today was HK$13.1 per share, the stock price has actually risen to HK$15.2 per share in about an hour, an increase of 16 points.
Swire's market value has also risen to more than HK$6.84 billion.
Although the market value of more than 8 billion at its peak a few months before being taken away by Swire Airlines is still more than 1 billion, according to this rising trend, it will be sooner or later that the market value will regain lost ground and reach its peak again. He estimates It will happen tomorrow.
If he is usually happy, but now the more the stock price rises, the more irritable he is.
He resisted the irritability and continued to look at the situation of other companies.
Swire Warehouse Company...
Swire Shipping...
Swire Industrial Group...
...
The stock price of every listed company has skyrocketed, and the lowest has risen by 12 points in the past hour.
He also asked about the trader’s acquisition situation and learned that the previous rush to raise was very difficult, because the market was quite chaotic. Buy orders of different prices were thrown out, and sell orders were occasionally placed, and the quantity was also uneven. It is not complete, when it is small, it can be eaten by other institutions in one bite, and when it is large, how much is left after filling in the corresponding price, but just wanted to place the order, it has been snatched away.
Fortunately, he has just authorized it to substantially increase the purchase price.
It’s just that the drawbacks are also obvious. It will stimulate the market even more and make the stock prices of various companies rise faster. After all, they are not earning a mid-price for buying and selling, but only buying and not selling.
But at this time, what can be done?
You have to drink the chronic poison. Whether you can win the antidote before the poison dies depends on your ability!
After a while, Cedric Quincy returned again. After Norman Shiyahuai once again instructed him, he authorized him with full authority, and then went to HSBC in a hurry.
Cedric Quincy on the stock market is temporarily able to stabilize, but it is too difficult to acquire equity from the secondary market. He must acquire the equity in the hands of those major shareholders as soon as possible. This is the lowest cost and fastest way to success. !
Because Swire Financial was also in the middle ring, less than a hundred meters away from HSBC, Norman Shiyahuai soon came to HSBC.
It happened that he met an acquaintance in the elevator, and a piece of news he learned from his mouth made him feel like burning his ass.
People from Jiuding Securities are here, and they are now negotiating with Chairman Shen Bi and others!
After asking about the meeting place, Norman Shiya got out of the elevator and walked quickly toward the place, while praying in his heart...
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