Chapter 90 Simon
The content of Li Kaiyuan's press conference was soon spread to the headquarters of Jardine Mahjong, and at this time, the board members had just arrived, so all the directors saw the transcript.
Nvbijian always gives people an aggressive attitude, but that comes more from his superiority as an elite in the upper class, rather than his management and style of doing things. Therefore, after reading Lee Kaiyuan's accusations, he just smiled very gentlemanly and said nothing.
The South China Morning Post is the most influential English newspaper in Hong Kong and is marketed throughout Southeast Asia. When the newspaper published a report on Sunday analyzing the changes in Jardine Wong's stock price, it attracted the attention of Simone, who works at Jardine Wong's Singapore branch. He immediately contacted his elder brother Henrik, who was in London, and then arrived in Hong Kong early Monday morning. However, he was not a member of the board of directors of Jardine Wong, so he attended the meeting as Henrik's agent.
As the largest shareholder of Jardine Wong Foreign Company, Simenke is most concerned about the numbers mentioned by Kaiyuan Lee. He asked Niao Bijian nervously: "Mr. Niao Bijian, is this woman claiming that she owns 15. Jardine Wong Foreign Company shares, is it true?"
"This is nonsense. She will never own more than 10 Jardin." Newbijian was supported by Henrik, so he respected the Kessek family. He turned to O'Connor, who attended the meeting for consultation, and said: "O'Connor, please explain to Simon."
"Last week, the only one of the shares of Yihe Foreign Company fluctuated by this Ms. Li Kaiyuan, who took the most shares from the exchange. According to the news we found out, she bought about shares from several securities investment institutions. Today, she bought 50,000 shares in the morning market, which is about 0,000 shares, and in the afternoon, she bought 4.75 million shares, which is about. In this way, the total number of Yihe shares is."
"Are you sure that the shares she bought from securities investment institutions are the only ones?"
"Based on the information I got, it's like this." O'Connor said proudly: "In the financial world of Hong Kong, there is nothing we can't find out about in Jardines Securities."
Siemenke's appearance and temperament are completely opposite to Newbijian. He looks like a bookish teacher. He doesn't agree with O'Connor's confidence, but asks: "How much money did this lady use in the stock market today?"
"The average price per share in the morning was 34.94UU million was used, and the average price in the afternoon was 46.00 million was used."
“What about last week?”
"About 410 million UU."
Simon Kessek calculated a little and asked again: "This lady has used more than 700 million Hong Kong dollars, so how many assets can she have to use?"
"I have no idea."
"Don't you know?" Simonke asked: "How many people in Hong Kong can use 700 million to 800 million in a week? Which of these people is not clear about their details?"
"Ximen, you never read entertainment news, probably don't know yet?" A director who is familiar with him explained: "This lady is Shen Chong's lover. We have always believed that he was sniping the stock of Jardine Mahjong behind the scenes."
"So that's it." Simenke's eyes flashed and he apologized: "Mr. Newbijian, I'm sorry for disturbing me. Please continue to preside over the meeting."
Newbijian nodded gracefully, responded to his apology, then looked around the office and said, "Today, we hold a board meeting to discuss two issues. The first issue is Hutchison Whampoa, and the second issue is how to deal with Shen Chong's provocation to Jardine Massachusetts."
"We hold shares of Hutchison Whampoa, and Bao Yugang holds 30 Shen Chong holds about 10%. According to today's information, Shen Chong is likely to resell the Hutchison Whampoa stock in his hands to Bao Yugang. In this way, Bao Yugang owns about 40% of the shares and occupies an absolute dominant position. With the current Hutchison Whampoa stock price, we need at least 1.5 billion Hong Kong dollars to increase our holdings to 40. Note that this is only calculated based on the current stock price. If Bao Yugang competes with us, the stock price will further rise, and the final cost may exceed 3 billion Hong Kong dollars. It should also be noted that once Bao Yugang increases his holdings to 49, we will completely lose the possibility of continuing to hold shares in Hutchison Whampoa."
"Jahwestern Securities analysts believe that increasing holdings in Hutchison Whampoa is a promising act. We should take advantage of the current high price to get rid of Hutchison Whampoa's stocks as soon as possible."
"How to get rid of it?" a director asked immediately: "We hold too many Hutchison Whampoa stocks. If they are sold publicly on the exchange, the stock price will plummet. If they are not sold publicly, who will take over?"
Newbijian frowned and said, "The cost of the Hutchison Whampoa stock we hold is very low, no more than HK$30 per share. At today's closing price of 74.9, even if it is sold publicly, there will be profits."
"Too little, too little." The director shook his head and said: "If the transaction was last time, each share could be sold for more than 90 yuan. Once it was sold publicly, it might not even have UU blocks in the end. One step further, it would be 30 yuan short of it..."
"Yeah yeah."
"It would be great if I could take it off as soon as possible. Paul, I have been saying that it would be better to take action earlier in Whampoa. Look..."
"I lost so much in just three days..."
Simenke said nothing and quietly observed the directors who were attending the meeting. After a while, he said: "Mr. Newbijian, can you resell the shares of Hutchison Whampoa to Bao Yugang? I think if we voluntarily withdraw, he will be happy to take over some of the shares at the current price, even if it is only a part, it will reduce a lot of losses."
His proposal immediately aroused discussion among the directors.
"Ximen's proposal is very good, Bao Yugang should be happy to see us withdraw from the fight for the Whampoa...
"I don't think so, he can wait for the price to fall and acquire it from the exchange. Why should we buy our stocks at a high price?"
"Based on my understanding of Pao Yugang, he is likely to accept this deal..."
Newbijian felt a little frustrated, so he clapped his hands, signaled to Jingjing, and then said: "Since all the directors agreed to give up Hutchison Whampoa, then I will arrange for Jardinet Securities to form a special team to carry out the reselling of Hutchison Whampoa stocks. Let's talk about the second issue. How should we respond to Ms. Li's request?"
"There is nothing to discuss about this. We will not allow a woman to enter the board of Jardine Mahjong, let alone let her take control."
"According to the Company Law, with the shares in her hands, she has the right to enter the board of directors."
"Then buy all the stocks in her hands."
"Today, the closing price of Jardine Mahjong Foreign Company has reached 53 yuan. If you buy back her stock, you will need to use more than one billion yuan of funds, which we can't get."
"Repurchasing her shares will make the outside world think that we are weak and should respond strongly to her and trap all her funds."
"Simon, you are from the Kessek family, tell me your opinion."
Simon Kessek was very calm and said in a very calm tone: "I think we should first figure out two things. The first thing is how much money Ms. Li has, and the second thing is what her real purpose is. It is impossible to hold Jardinet Foreign Company, and she must have another purpose."
"It is probably difficult to figure out the funds, because HSBC refuses to provide any information, and the assets of the sunken flood are very complex. There are investments in the United States, Japan, and mainland China, and it is difficult to clear them in a short period of time."
"Then let's figure out what her real purpose is."
"Isn't it just learning to engage in hostile acquisitions on Wall Street? She should be trying to make our money."
"Not necessarily." Simenke shook his head and said, "If this lady represents Shen Chong, then as far as I know, Shen Chong is a very smart investor. He has almost never made any mistakes. If I were him, I would not choose Jardinet Foreign Company, but would choose Real Estate Group, because the equity of Real Estate Group is more scattered, the scale is smaller than that of Jardinet Foreign Company, and there are many high-quality real estate. In the event of hostile acquisition failure, you can continue to increase your holdings until you have completely controlled the shares, then split the reselling industry and recycle capital, so the risk will be much lower.
"What Ximen said makes sense, how can we know her true intention?"
"I'll talk to her." Simenke said with a gentle smile: "Chinese people always like to go from low to high when doing things, first sending people with the lowest positions to contact, and then slowly improving their level to prepare for interactions between senior management. I am not a director of Jardinet and do not work at the headquarters. I think if I go to contact her first, I may get useful information."
Nv Bijian kept watching coldly, and said at this moment: "Ximen, I have talked with Shen Chong several times. He is a very cunning person. Your idea may be difficult to work, and it is too low to be efficient. It is already very late now. If the problem cannot be solved tonight, the stock price will rise further as soon as the stock market opens tomorrow, which is very unfavorable to us. After all, we lack cash now. Also, Ximen, you know that Ms. Li already owns at least Jardinet shares. As a member of the Kessek family, aren't you nervous about this at all?"
"Of course I'm very nervous." Simonke said with a deep conscience and calm expression: "But the Keserk family has operated Jardine Franchise for decades and has been providing everyone with stable and generous profit returns. I think whether it is the directors or small and medium shareholders, they will have confidence in our Keserk family. This will not change just because of a few percentage points of shares."
Chapter completed!