Chapter 405 Sniper Taikoo
On the morning of August 17th, the new week of the stock market has just begun, and the gap continues to open. The Xiangjiang stock market has no signs of recovery. The investors in Xiangjiang have no confidence in the stock market. Those who have stocks in their hands have already
They hope that someone will take over the stocks in their hands so that they can cash out and leave.
On the Hong Kong Stock Exchange today, as the stock market opened, many securities companies that held two stocks of Swire Holdings received inquiries as to whether they wanted to sell their shares.
The personnel of these securities companies were overjoyed. They were chased by customers every day asking them to trade their shares quickly. However, the current stock market environment made them sell very few shares, and the continuous decline of the stock market also made customers more and more distrustful of them.
The more dissatisfied you are.
This time someone was willing to take over the shares of Taikoo Co., Ltd. held on behalf of their company, and they immediately agreed to the transaction with the other party. In today's stock market, not only investors have no confidence, but many securities companies also have little confidence. Many securities companies this time
The stock market crash caused heavy losses.
As the two major British banks, the investment departments of HSBC and Standard Chartered Bank naturally have some shares of Swire Holdings held on behalf of shareholders. This time, Sun Jianping and others put the HSBC and Standard Chartered transactions last because these two British banks
His relationship with the Li Group was not very friendly, and he was worried that contacting the two banks in advance would make the Swire Group aware of his actions.
Perhaps the stock market fell too badly this time, and the Xiangjiang stock market has yet to see signs of recovery. Shareholders have put too much pressure on such securities companies, and they all asked to exit their positions. Therefore, Sun Jianping's actions were particularly smooth.
It took three days to acquire most of the circulating shares on the market. Now, apart from HSBC and Standard Chartered, only a few major shareholders of Swire Pacific are in the hands.
Sun Jianping thought very well and thought that the Swire Group had not discovered his actions. As early as the first day, Wu Dengshihuai received a report from company personnel that someone was snapping up their Swire Co., Ltd.'s shares in the stock market and asked Wu
Does Deng Shihuaiya need to fight back?
Wu Dengshihuaiya knew without even thinking that this move in the stock market must be caused by the Li Group. At present, except for his financial resources, no other family in Xiangjiang can take action against them.
This time the matter is very difficult. The root cause is that the Swire Group does not have sufficient funds to compete with Li Guangyu in the stock market. Now that they can maintain the normal operation of Swire Group, it will be good. There is no spare money to repurchase the company's shares.
On Monday evening, Wooden Swire contacted the family, hoping to get support from the Swire Group headquarters. Unfortunately, the result disappointed him, and there was no extra funds to support Xiangjiang.
Last time, billions of Hong Kong dollars were mobilized to make up for the losses in Xiangjiang, which made the group's senior management a little unhappy. This time, they rejected Wooden Swire's request and asked Wooden Swire to find a way to protect Swire.
The group's control of Swire Pacific plc.
Wooden Swire was speechless. He had to maintain the Swire Group's rule over Swire Holdings without giving himself resources. How could this be done so easily?
Wu Tengshi Huaiya thought for a while, and he could only contact the major shareholders to stabilize their emotions.
On Tuesday morning, Wooden Swire specifically called in several shareholders of the group as well as investment department personnel from HSBC and Standard Chartered.
Wooden Swire said: Everyone has been very happy to cooperate with us for a long time. Our Swire Holdings Company has also achieved amazing results in its development over the years. Although it has been affected by the plummeting stock market in Hong Kong, our Swire Holdings' profits are still
Very good. The market value on the stock market does not reflect the actual value of our group. I believe that our company will only develop better and better. Please continue to support our Swire Group.
Several shareholders here have different thoughts. They also know that some of the companies under Swire Holdings are of very high quality. This time they were only affected by stock market factors. The impact of their long-term holdings is not too big. It’s just that the stock market plummeted this time.
It's different from before. In the past, it was caused by the financial crisis, and they had to consider the pros and cons.
Although they feel that they are losing money by selling at the current price, compared with when they first bought the shares, they have made dozens of times the profit, and several of them also hope to build relationships with the Li Group.
Woolen cloth.
The person in charge of the HSBC Investment Department said: Mr. Shi Huaiya, our bank is afraid that we will no longer be able to hold the shares in our hands. Unless you can persuade our senior management to hold it yourself, or you can acquire it yourself, otherwise we need to follow the rules of shareholders.
Meaning, sell the shares.
Standard Chartered Bank also gave the same answer, requiring Wooden Swire to discuss with George LaVine, otherwise they must also transfer the shares according to the customer's requirements.
Wooden said: I will contact Shen Bi and George LaVine in the afternoon to discuss with them and ask you to delay the sale.
On the side of several shareholders, Wooden Swire felt very disappointed. None of these shareholders had given him a commitment to continue to hold shares, which made him feel very worried. Although he could control the company's voting rights
, but once Li Guangyu becomes the company’s controlling shareholder, many things will be very difficult to handle.
Wooden Swire said to several shareholders: Everyone has their own ideas, and I can't interfere. I also ask everyone to take a look at our company's performance over the years and the companies under our umbrella. If nothing else, it's our Cathay Pacific.
The actual value of the airline will not be much lower than the current value of our company in the stock market. We have a monopoly on the aviation market in Hong Kong.
These shareholders were not persuaded by Wooden Swire, and they themselves were not stupid. The main reason why the Lee Group purchased Swire Holdings' shares in the stock market this time was the airline problem. Now the Lee Group is in England
What we are talking about over there is that once the Lee Group can form an airline, the value of Cathay Pacific Airways will be cut in half immediately. How can it still have such a high market value?
All shareholders said that they and others would carefully consider the pros and cons and would not sell their stocks easily.
Wooden Swire was not satisfied with this answer. He knew that these people must have made plans and might have already been in contact with the Li Group.
I still have to blame my cousin. He originally wanted to cheat the Li Group, but now it is not good, and his group has suffered heavy losses. John Shihuai has returned to England, and he has to take over the blame here. Wooden Shihuai thought of this.
Just feel uncomfortable.
He said to all shareholders: Please have full confidence in our company. If you insist on selling the stocks in your hands, please inform me in advance. If we are willing to take over the stocks in your hands, please transfer the stocks.
can transfer the shares to us.
Naturally, these shareholders have no objections. If the Shwaiya family and the Li Group compete, they can sell at a higher price.
Chapter completed!