v3 Chapter 1362： Big Thunder

When it comes to financial fraud, Wheelock Shipping Company dared not hire Heung Kong's accounting firm.

Such things must be kept as secret as possible.

Therefore, the best choice for this matter is to ask an accounting firm controlled by the Sydney consortium behind the scenes to complete it.

Dynst Accounting Firm, which is one of the top ten accounting firms in Australia, was cultivated by the Sydney consortium.

As a third-party financial audit, Dernst CPA has sufficient credibility to bluff investors in Xiangjiang.

In the emergency re-production of the financial report, in order to curb the stock price decline, Justin Kyle held a press conference, which lasted for half an hour.

At the press conference, Justin Kyle’s attitude was extremely tough. He criticized the report of Jiuding Securities Research Institute as being extremely wrong and full of malice. The company is already producing last year's financial report, and it will be announced to the public in the near future. Investors are kindly requested to stay sensible.

It has to be said that the effect of this press conference is very good. After the media reports, the market sentiment has been greatly appeased, and more investors have chosen to wait and see temporarily.

Just the words of Justin Kyle, Xia Yu absolutely didn't believe it.

His Jiuding Business Research Institute has a very clear grasp of the situation of the various companies in Xiangjiang, and it can be said that it has the most information besides the operators.

Before Toll Corporation suddenly came out to acquire Wheelock Shipping Company, Xia Yu had already investigated very clearly, and he knew exactly what the foundation of Wheelock Shipping Company was.

It is absolutely impossible for Toll to fill in the holes in the first three quarters immediately after taking over, and it will be greatly improved.

Justin Kyle vowed to claim that Wheelock Shipping’s financial report would prove everything, and Xia Yu didn’t have to think about knowing what he thought might be possible.

But guess what, the key is to get strong evidence.

It can only be said that Justin Kyle underestimated Xia Yu's intelligence gathering ability.

Following Xia Yu's order, Luo Wang immediately carried out secret monitoring of relevant financial figures of Wheelock Shipping Company. At the same time, intelligence personnel sneaked into the financial room at night to install bugs.

Soon, there will be results.

Jiuding Building, in Xia Yu's office.

Xia Yu leaned on the chair in a comfortable posture, holding a copy of the financial report copied by the intelligence personnel. This financial report was the most authentic one.

"Sure enough, Wheelock Shipping's losses are very serious, even higher than the analysis of Jiuding Securities Research Institute."

After reading the financial report, Xia Yu said with a sneer, then threw the financial report on the desktop and turned on the special VCR.

"...Sarah, the data here needs to be adjusted to complete the production as soon as possible,...Dernst Accounting Firm..."

This wiretap recording was selected by Luo Net intelligence personnel among many recordings, and it is also the most useful.

At the same time, Luo Wang also investigated the information of Dernst Accounting Firm based on the eavesdropping content, and before Xia Yu ordered it, it had arranged personnel from the Australian branch to start the operation.

At the Dynst Accounting Firm, there is no gain for the time being, but there is still time.

Later, Xia Yu gave instructions to let Luo Wang fully monitor the relevant personnel of Dernst Accounting Firm, and must catch clues.

More than a week passed by.

The market value of Wheelock Shipping Company fell to about 6.5 billion Hong Kong dollars and stabilized. Although the fluctuations were violent, it did not continue to fall anyhow.

On the morning of February 24, Wheelock Shipping Company officially announced its financial report for the previous year.

The financial report shows that in 1984, Wheelock Shipping’s total turnover was 9.723.4 billion Hong Kong dollars, net profit was 362 million Hong Kong dollars, and net profit margin was 3.72%.

Although the net profit margin is very low, in a sluggish shipping market, Wheelock Shipping has maintained its profitability and turned losses into profits compared to 1983.

In the same field, Hong Kong's shipping companies, such as IMC, Orient Overseas, and Huaguang Shipping, are all at a loss.

Sit down!

And this time, Wheelock Shipping Company has not yet received profit dividends from the five subsidiaries.

Considering the special influence of Wheelock Shipping and the entire Wheelock Consortium, the market value of Wheelock Shipping will naturally not be restricted by the P/E ratio.

After the financial report was released, Wheelock Shipping's stock price started a skyrocketing pattern.

When the market was closed that day, the market value of Wheelock Shipping had returned to a scale of 10 billion Hong Kong dollars, reaching 10.742 billion Hong Kong dollars.

The single-day increase is as high as 65 percent!

The increase jumped to the first place in Hong Kong stocks!

Of course, Wheelock Shipping will inevitably become the biggest public opinion hotspot in the capital market.

Over the past many years, the credibility of Jiuding Securities Research Institute has been established, but this time it has planted a big somersault on Wheelock Shipping Company. It is not that no one questioned it.

It's just that Wheelock Shipping's financial report is indeed very reasonable, and its net profit margin is only 3.72%, which is not outrageous.

Therefore, although some people questioned it privately, they could not produce evidence and could not find out the loopholes in Wheelock Shipping's financial report.

Some relatively cautious investors took advantage of the rise in Wheelock Shipping's stock price and secretly sold out the stock.

On February 25, under the control of Toll, the share price of Wheelock Shipping Co., Ltd. continued to rise amidst the controversy, and once again hit the 12 billion Hong Kong dollar mark.

Just as Justin Kyle let out a long sigh of relief, the stock price of Wheelock Shipping Company fluctuated violently for a few minutes. uukanshu.com then saw a large number of sell orders on the market, and the stock price began to fall.

When he was in a daze, his subordinates suddenly rushed into the operation room to report the emergency to him.

"President, it's not good. Jiuding Securities Research Institute publicly reported our company's financial fraud to the Securities Regulatory Commission and the Xiangjiang Stock Exchange in real names."

"How can it be!"

"How dare they do this?"

Justin Kyle's face changed drastically, and he roared in disbelief, and his heartbeat suddenly accelerated.

This is Chi Guoguo's act of lifting the table, why does Jiuding Securities Research Institute have the guts to report it?

Jiuding Securities Research Institute is directly betting on the company's credibility. This is definitely a lunatic behavior!

This completely exceeded Justin Kyle's expectation and caught him off guard.

"Could it be... they have enough evidence?"

"The company's true situation has been leaked? Is there a rape?"

Several thoughts popped up in Justin Kyle's mind, making his palms sweat so fast, and his body trembling a little nervously.

"You must check the situation!"

Thinking of this, Justin Kyle hurriedly left the operation room and called Myron Marjorie, asking him to call all the relevant personnel preparing the financial report into his office.

In addition to the urgent investigation of the insider, he has to repeatedly confirm the accounting situation to ensure that it is difficult to find out.

The China Securities Regulatory Commission and the Hong Kong Stock Exchange have received real-name reports and will definitely come to Wheelock Shipping to check the accounts!

This is a fatal crisis!

PS: It’s going to be more tonight. This week is really hard. There is no time for water during the day.

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