Chapter 991: It’s Not a Deep Hatred, but I’m Still Angry
Peninsula Hotel Hong Kong.
"Then it's settled. If Haoran Technology has the opportunity to be listed on the Hong Kong stock market in the future, I will have to leave it to Liu Daban for the IPO."
Qin Hao sent a middle-aged man about fifty years old out of the room.
"It's easy to talk about. Don't worry, Mr. Qin. The 1.5 billion Hong Kong dollars will be available within three days. Our Citibank will definitely satisfy Mr. Qin in terms of services and fees."
General Manager Liu, who is half American, said with a smile.
After seeing off Manager Liu, Qin Hao closed the door and came to the window, looking at the night view of Hong Kong in the distance and stretching.
This is his third day in Hong Kong.
During these three days, he met with the general managers of major banks, pledged 50% of his Haoran Technology shares, and obtained a loan of US$200 million, which converted to almost HK$1.5 billion. He was the one who leveraged this money Yang's real estate bargaining chip.
As of the weekend closing of Hong Kong stocks three days ago, the market value of Yang's Properties had fallen by 9.3%, leaving a market value of HK$10.88 billion.
Mainland real estate control policies still have a great impact on mainland real estate companies in Hong Kong stocks. Coupled with the central bank's just-announced interest rate hike policy, the stock price of Yang's Real Estate has been crumbling under the heavy blow.
"Everything is ready, all we need is the east wind."
The next day, at 9:30, Hong Kong stocks officially opened.
Yang's Real Estate's stock price fell slightly, but soon some small selling orders were taken, which had little impact on Yang's Real Estate's stock price.
At the same time, Yang's Real Estate also released good news and announced its third quarter financial report. According to the financial report, Yang's Real Estate's overall turnover in the third quarter was HK$3.5 billion, and its quarterly profit reached HK$280 million, which is a considerable amount. The good results quickly stabilized market confidence.
In the next two days, the stock price of Yang's Real Estate bucked the trend and rose. Although the rate of increase was not too much, it was able to achieve such results in an environment of overall sharp decline, which made Yang's Real Estate gain a lot of attention. At this time, some Hong Kong investors began to try to buy this stock.
This also directly caused the market value of Yang's Real Estate to not only return to the HK$12 billion mark, but also to move to a higher level.
However, a week later, when the market value of Yang Real Estate rose to 14 billion Hong Kong dollars, negative news about Yang Real Estate began to appear in some Hong Kong newspapers. These news revealed that Yang Real Estate's third quarter financial report was fraudulent, and the actual sales The amount and profit were not as much as announced in the financial report, and some other violations of Yang Real Estate were also pointed out.
Although these newspapers are all tabloids, and their individual circulations are not too large, they cannot stand up to the large number. Some investors began to waver when they saw this. Confidence in this thing is quite fragile. If you don’t have it, it will be gone. For small investors For them, any disturbance is enough to make them run away in advance.
So, after a week of rising prices, Yang's Real Estate experienced a sharp decline. From its peak market value of 15 billion, it fell directly to 10.1 billion Hong Kong dollars. The drop seemed quite scary.
Qin Hao had already taken the opportunity to exchange the 1.5 billion Hong Kong dollars in his hand for "chips". He had previously contributed to the rise of Yang's real estate for a week, and then released gossip to suppress the stock price, just to cash in at the high price and buy the bottom at the same time.
After such a change of hands, Qin Hao made a full profit of 300 million Hong Kong dollars. Of course, his main goal was not to make money, but to block Yang's real estate.
Seeing the stock price plummeting, Yang's Real Estate was busy refuting the rumors and raising funds to be ready to support the bottom line.
However, refuting rumors is not that simple. Hong Kong stock investors actually don’t know much about mainland companies. Once a stereotype is formed, it is difficult to reverse it. What’s more, Yang’s real estate financial report cannot be said to have no problems at all. In fact, the financial reports of listed companies cannot stand up. If there is no problem, everyone will pretend not to see it. If it explodes and you want to cover it, it will not be that easy.
When the market value of Yang's Real Estate fell below HK$10 billion, Yang's Real Estate had to announce a stock buyback plan to calm investor sentiment.
With the announcement of Yang's Real Estate's HK$500 million buyback plan, Yang's Real Estate's stock price did rise, but most investors still adopt a wait-and-see attitude.
What makes Yang's Real Estate feel even more wrong is that after the completion of the HK$500 million repurchase plan, the market value of Yang's Real Estate still hovers at HK$10 billion, and occasionally falls below HK$10 billion. This makes the helmsman of Yang's Real Estate Yang Zhenhua suddenly had an ominous premonition.
As he expected, when the Hong Kong stock market opened the next day, the stock price of Yang's Real Estate plummeted by 6% in just one hour. There was a large number of selling orders in the market and no one took the orders. This caused panic in the market and a large number of retail investors could no longer I no longer wanted to wait and see, so I quickly started selling at low prices and leaving the market.
In just one morning, the market value of Yang's Real Estate fell below the HK$8 billion mark, which made Yang Zhenhua sleepless. Yang's Real Estate went public in Hong Kong to raise funds, so he pledged a large number of Yang's Real Estate shares in exchange for In cash, once the stock price of Yang's Real Estate falls below the safety line, the margin must be replenished to the financial institution. Otherwise, the financial institution will sell it for the sake of its own interest. At that time, not only will Yang's Real Estate be unprotected, but he will also owe huge debts. .
At this point, Yang Zhenhua could only bite the bullet and raise funds to buy back shares to save the market.
Little did they know that during this process, Qin Hao completed another round of turnover, and the previous 1.8 billion Hong Kong dollars became 2.5 billion Hong Kong dollars. After that, Qin Hao began to buy a large number of Yang's Real Estate stocks in the market, exceeding 5% in just one day. According to the Hong Kong stock regulations, a placard announcement is required.
At this time, Yang Zhenhua knew who his opponent was. It was not that he was not well-informed, but that Qin Hao was too unfamiliar with the Hong Kong stock market.
After the placard, Qin Hao had no scruples and began to compete with Yang Zhenhua for Yang's Real Estate shares in the stock market.
Yang Zhenhua was not sure for a while, whether Qin Hao wanted to compete for the control of Yang's Real Estate, or saw that there was a bargain, so he took the opportunity to make a fortune.
However, soon, Yang Zhenhua understood Qin Hao's intention, because in just two days, Qin Hao's Yang's Real Estate shares had accounted for 23.2% of the total shares, and had become the second largest shareholder of Yang's Real Estate. As long as he was allowed to acquire another 6.8% of the shares, he could launch a comprehensive tender offer.
Now Yang Zhenhua was completely panicked. Once Qin Hao launched a comprehensive takeover bid, he would most likely lose control of Yang's Real Estate. This was not the most terrible thing. His bribery of some officials' families through the Yang Group over the years would also be exposed. At that time, not only Yang's Real Estate, but all the industries of the Yang family would be affected.
Yang Zhenhua had to find Qin Hao through an intermediary.
"No need for polite words. If Mr. Yang wants to ask me something, just tell me directly."
Yang Zhenhua was surprised at Qin Hao's youth, and at the same time he was puzzled: "Does Mr. Qin have a grudge against the Yang family?"
"It's a bit of a grudge, but it's not a deep hatred." Qin Hao said lightly.
Yang Zhenhua was even more puzzled: "Since it's not a deep hatred, why target Yang's Real Estate like this?"
"Because, I want to see if your son Yang Cheng can still be as arrogant as before after losing the halo of the rich second generation." Qin Hao said and ignored Yang Zhenhua's reaction, and got up and left.
Yang Zhenhua realized that it was his precious son who caused the trouble, so he called Yang Cheng and scolded him. As a result, Yang Cheng also had a lot of complaints about his father. The two sides quarreled directly on the phone. Yang's mother naturally stood on her son's side and scolded Yang Zhenhua.
"Just protect your precious son. Let me tell you, the Yang family is about to be finished. You can wait to finish it together!"
That being said, Yang Zhenhua did not intend to surrender. He raised funds everywhere to compete with Qin Hao in the stock market. However, after several long and short sales, Qin Hao's cash flow was much more sufficient than Yang Zhenhua. Half a month later, he still acquired the remaining 6.8% of Yang's Real Estate's shares from some small shareholders.
As Qin Hao launched a comprehensive takeover offer, the remaining small shareholders of Yang's Real Estate also turned against him. After the resolution of the board of directors, Yang Zhenhua was dismissed from the position of chairman of the board of directors of Yang's Real Estate, and Qin Hao was nominated as the new chairman of the board of directors.
After Qin Hao took control of Yang's Real Estate, he immediately conducted an internal audit and found that Yang Zhenhua and his family members used Yang's Real Estate to conduct many shady operations. As these evidences were sent back to the mainland, the Yang family also faced a comprehensive investigation, and Yang Zhenhua himself was restricted in his personal freedom. What awaited him were six major charges such as fraudulent issuance, financial fraud, and insider trading. It was Yang's Real Estate that sued him.
After this battle, Qin Hao became famous in the Hong Kong financial circle and was nicknamed "Hong Kong Stock Sniper". As for the title of "Sniper", it was naturally the bandit name of the female star harvester "Da Liu".
Interestingly, when Qin Hao was looking for a buyer for Yang's Real Estate, "Da Liu" actually took the initiative to come to him.
"Boss Qin, since we are looking for a buyer anyway, why not sell it to me?"
Qin Hao was a little curious: "Boss Liu is also optimistic about mainland real estate?"
"Of course, in fact, I started investing in the mainland in 1998. The asset scale of Chengdu alone exceeds 10 billion, and Yang's Real Estate does have many high-quality assets. Why not do profitable business?" Big Liu said with a smile.
"I am a little curious, why did Boss Qin spend so much effort to get the control of Yang's Real Estate, and now he wants to sell it?"
Qin Hao said seriously: "The main reason is that I don't have enough energy. To do the real estate industry in the mainland, you need to deal with people from all aspects, and I don't have such connections. Moreover, Haoran Technology has already involved most of my energy. I really don't have the energy to spend on dealing with various relationships."
Big Liu didn't doubt it. He had inquired about Qin Hao's information before coming. In his opinion, Qin Hao, who used the Internet to quickly complete primitive accumulation, still didn't have enough foundation.
But he really appreciated that Qin Hao could recognize himself after the big victory.
"Then hand over Yang's Real Estate to me. I promise to give you a satisfactory price."
"Then I wish us a happy cooperation."
When leaving Hong Kong, Qin Haohuaqi Bank's account had an additional 300 million US dollars. The previously pledged Haoran Technology shares had also been fully released. In addition, the funds raised by launching a comprehensive tender offer had also been fully repaid.
This means that Qin Haochun made 300 million US dollars on this trip to Hong Kong.
...
Beijing, Beiqing Canteen.
"Hey, have you heard? Yang Cheng's family collapsed."
"Who is Yang Cheng?"
"Who else could it be? It's the playboy who drives a Bumblebee sports car all day and picks up girls at school."
"Oh, it's him. I heard that he changes girlfriends as fast as he changes shoes. He deserves it. He's so proud."
Xu Lin listened to the discussion of the girls at the table behind him and subconsciously looked at Xie Qiao.
Xie Qiao hesitated for a moment, but couldn't help but turned back and asked: "Classmates, what did you say happened to Yang Cheng just now?"
"Hey, that scumbag's family went bankrupt, and the sports car he drove before was also towed away."
"That's right. It is said that he was pursuing a girl downstairs of the girls' dormitory at that time. Many people saw it and took photos and posted them online."
Back to the dormitory, looking through the posts on the Shuimu Beiqing Forum.
Xu Lin said in an incredible tone: "Yang Cheng's family is quite rich, but they went bankrupt just like that."
"It seems that the risk of doing business is really not small. Shouldn't we remind Lao Qin and Qian Xi to let them not be so radical?"
"Xie Qiao, what are you thinking about?"
Xie Qiao shook his head: "Nothing, I was just wondering why Yang Cheng's family suddenly went bankrupt."
"Didn't the post say that their family used bribery to obtain a lot of improper benefits and was liquidated." Xu Lin said casually.
Xie Qiao frowned for a long time, and suddenly said: "Do you think it has something to do with Lao Qin?"
"Lao Qin? It shouldn't be? Didn't Lao Qin go to Hong Kong?"
"But didn't the post also say that the Yang family has a listed company in Hong Kong?"
Xu Lin was dumbfounded: "You mean, Lao Qin went bankrupt to vent Qian Xi's anger?"
"I... I just said it casually." Xie Qiao also felt that this idea was too bold.
Beijing, Xicheng District Villa Group
In the Yang family villa, Yang's mother sat on the sofa in a dark cloud, and the furniture around her had been covered with dust covers.
Yang Cheng rushed in angrily and yelled at the law enforcement officers: "What are you doing? Who let you into my house?"
"Sir, please don't interfere with our official duties..."
Before the law enforcement officer finished speaking, Yang Cheng pushed him away, and Yang's mother hurried forward to stop him.
"I'm sorry, my son is a little excited, and he and I will move out immediately."
Yang Cheng yelled at his mother: "Mom, what's wrong? Why was our house sealed, and my car was also towed away, what happened?"
"Our family is bankrupt, Xiao Cheng will have to work hard for you to live a hard life for a few years, but it doesn't matter, Mom will find a way..."
Yang Cheng's feet softened and he fell to the ground: "How could it go bankrupt? Isn't our family very rich? Why did it go bankrupt, where is my dad? Where is he? I want to find him to ask clearly, he promised me that the quality of life will not change."
"Your dad... has been in."