Chapter 1046 The Last Struggle of the Taikoo Consortium
"Chairman, something is wrong. Our measures to repurchase shares do not seem to have played a role in reassuring investors, and sell orders are still being thrown out incessantly."
"Funds are draining too fast!"
Swire Financial Corporation, after seeing the market opening for more than an hour, the speed of selling orders still continued to decrease. Cedric Quincy was at a loss, and he reported the situation to Norman Shi Yahuai seriously.
Although the chairman has brought in another 350 million Hong Kong dollars from London in the past two days on Saturday and Sunday, he still cannot make him feel at ease.
After all, by the time the market was closed last Friday, the funds in Swire Financial's account had dropped from more than 700 million to more than 280 million.
Even with the HKD 350 million borrowed over the weekend and the HKD 210 million raised by related companies for share repurchase, the total funds in Swire Financial's account were only 800 million before the market opened today. Forty million Hong Kong dollars.
But in just over an hour, more than 90 million yuan was consumed.
According to his analysis, this consumption rate is slow. There are two reasons. One is that the speed of placing orders for securities entrusted by retail investors is relatively slow. Institutions have a tacit understanding, fearing that the one-time low-priced large order will not be digested by Swire Financial Corporation, and the sharp drop in the stock price will lead to more serious damage to interests.
After hearing Cedric Quincy's report, Norman Shi Yahuai hurriedly asked for the relevant details, and the former unreservedly stated the real situation and his own guesses.
Norman Shi Yahuai listened, his brows furrowed into a word, and his face was full of heavy colors.
"According to your judgment and analysis, how many days can the remaining more than 750 million Hong Kong dollars be supported?"
For a long time, Norman Shi Yahuai asked the question he was most concerned about.
Cedric Quincy thought about it seriously, and said in a heavy tone: "If the current situation does not ease, the best situation is to consume all the funds on Wednesday."
"The most conservative estimate is that funds will bottom out tomorrow."
Norman Shi Yahuai's face was as black as pot stickers, and his mouth wriggled and meditated silently.
Seeing that the chairman did not speak for a long time, Cedric Quincy hesitated for a moment and added again: "Chairman, unless you can spend at least three billion Hong Kong dollars later, or change the investor's impression of Swire Group in one fell swoop, otherwise This situation is difficult to ease now.”
Three billion Hong Kong dollars!
It's easy to talk about it, but it's really hard to raise so much money!
Norman Shi Yahuai's eldest son borrowed a total of 750 million Hong Kong dollars twice in London, or took the asset mortgage loan of 1.8 billion Hong Kong dollars from the British parent company.
Cedric Quincy didn't know the situation, but Norman Shi Yahuai knew very well that the debt ratio of the parent company in the UK was already much higher than that of the branch in Hong Kong. possible!
Unless there is a bank or a friend who is willing to borrow credit!
"Not to mention three billion Hong Kong dollars, you still think of a way to see how to reverse the current situation?"
Hearing Norman Shi Yahuai's low voice, Cedric Quincy's heart sank, and his expression became more and more bitter. These days, he has held meetings every night to brainstorm. If he could think of it, he would have thought it out, why wait until now?
But I can't think of it directly, it is estimated that the anger of the irritable chairman will be attracted to himself.
Hearing the noise coming from downstairs, his expression moved slightly, and he said to Norman Shi Yahuai with a bitter face: "Chairman, now the investors who are claiming the investment money block the door of our company every day, we have been delaying time, Investors’ patience has been exhausted, and I have heard that some investors are ready to solve the problem through legal channels. If this problem is not solved, no matter what we think of, we will not be able to strengthen the confidence of stockholders.”
"Moreover, investors' funds are basically used by us to buy stocks in companies such as Swire Group. Once our funds are exhausted,
Unable to repay investors' funds, our financial company will go bankrupt. "
Norman Shi Yahuai's breathing became more and more rapid, and he only felt a mess in his mind, and he couldn't calm down and think about a solution.
He's on the brink of collapse.
His temper became violent, and he ordered Cedric Quincy loudly: "Cedric, Jiuding Bank can solve similar problems, you quickly summon your subordinates to come up with an effective solution, no matter who wants to. Come out, as long as the problem of investors' claiming back the investment funds is solved, the reward will be 10 million!"
"As long as the stock prices of these companies can be stabilized, the method proposer will be rewarded 10 million! The operation team will be rewarded 10 million!"
Cedric Quincy, who was still a little emotional, was also taken aback when he heard this number, but since the chairman has come up with such a big deal, what excuse can he make?
Can only pray that someone can take the 30 million away.
He nodded heavily and said, "Chairman, I will convene people to find a way right away."
"Remember, it must be kept secret and not leaked. Whoever dares to leak, I will make him pay an unbearable price!"
"Go!"
After driving away Cedric Quincy, Norman Shi Yahuai's frowning brows did not stretch, and he did not know whether the 30 million reward would actually work...
If Xia Yu knew what Norman Shi Yahuai was thinking, he would definitely not help laughing.
If the mortal battle against the Taikoo Consortium that he carefully arranged was so easy to crack, he would be a jerk!
Even the Taikoo Consortium can't clean up, so what's the need to fight those real world-wide consortiums in the future?
...
When the market closed at noon, the Hang Seng Index was fixed at 968 points, and fell 119 points in the morning, and the decline has been reduced a lot.
But this is normal. After all, it has already plunged by more than half from the highest peak, and if it continues the plunge of more than 400 points every day, it will drop to zero on Wednesday morning.
But the Hang Seng Index is absolutely impossible to fall to zero.
According to the team analysis of Jiuding Securities Company, the downward trend of the Hang Seng Index will slow down this afternoon. Next week at the latest, the Hang Seng Index is expected to fall to a trough of 650 points, and then it will fall into volatility.
In this regard, Xia Yu agreed. After all, when the Hang Seng Index fell to about 650 points, the stock prices of most companies in the Hong Kong stock market would have no moisture, which would trigger the bottom line of financial institutions and shareholders of listed companies. Hold the line.
Although a Taikoo consortium and a carrian group are very large, they can have a huge impact on the stock market; the destructive power of the bank run is also very strong; the future of Heungkong is also very important, and it can hit the Heungkong stock market, but it is not enough to completely destroy Heungkong. stock market.
At noon, when Xia Yu had just finished eating and the nanny was clearing the table, Xia Jun came to Xia Yu's house.
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