The First Thousand Three Hundred and Sixty-Two Chapters Thunder Explosion
When it comes to financial fraud, Wheelock Shipping did not dare to hire an accounting firm in Hong Kong.
This kind of thing must be kept as secret as possible.
Therefore, the best choice for this matter is to ask the accounting firm controlled by the Sydney consortium behind the scenes to complete it.
Dainster Accounting Firm, which is one of the top ten accounting firms in Australia, was cultivated by a Sydney consortium.
As a third-party financial auditor, Dainster Accounting Firm has enough credibility to scare Hong Kong investors.
In an emergency remake of the earnings report, in order to curb the stock price slide, Justin Kyle held a press conference that lasted half an hour.
At the press conference, Justin Kyle's attitude was extremely tough, criticizing the report of Jiuding Securities Research Institute as extremely wrong and full of malice, and repeatedly affirmed that Wheelock Shipping Co. The company is already producing last year's financial report, which will be announced to the public in the near future. Investors are requested to remain sensible enough.
It has to be said that the effect of this press conference was very good. After the media coverage, the market sentiment was greatly appeased, and more investors chose to wait and see temporarily.
It's just the words of Justin Kyle that Xia Yu absolutely doesn't believe.
His Jiuding Business Research Institute has a very clear grasp of the situation of various companies in Xiangjiang, and it can be said that it is the party with the most information other than the operators.
Before Toll Company suddenly came out to buy Wheelock Shipping Company, Xia Yu had already investigated very clearly. 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 entering the company, and there will be a great improvement.
Justin Kyle swears that Wheelock Shipping Company's financial report will prove everything, and Xia Yu doesn't have to think about what he thinks it might be possible to do.
But guess what, the key is to come up with 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 surveillance on the relevant financial figures of Wheelock Shipping Company. At the same time, intelligence personnel sneaked into the financial room at night and installed eavesdropping devices.
Soon, there were results.
Jiuding Building, in Xia Yu's office.
Xia Yu leaned on the chair in a comfortable position, holding a financial report copied by the intelligence officer in his hand. This financial report was the most authentic one.
"Sure enough, the losses of Wheelock Shipping Company 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 table and turned on the specially made VCR.
"...Sarah, the data here still needs to be adjusted, and the production will be completed as soon as possible,...Dainster Accounting Firm..."
This eavesdropping recording was selected by the intelligence personnel from the many recordings, and it is also the most useful.
At the same time, Luowang also investigated the information of the Dainster accounting firm based on the wiretapping content, and before Xia Yu ordered it, the personnel of the Australian branch had been arranged to start the operation.
On the Dainst accounting firm's side, there is no harvest for the time being, but there is still time.
After that, Xia Yu gave instructions to let Luowang fully monitor the relevant personnel of the Dannster accounting firm and make sure to catch clues.
More than a week passed by.
The market value of Wheelock Shipping Co. has stabilized when it fell to about HK$6.5 billion. Although it fluctuated violently, it did not continue to decline.
On the morning of February 24, Wheelock Shipping Company officially announced the financial report of the previous year.
According to the financial report, in 1984, the total turnover of Wheelock Shipping Company was 9.7234 billion Hong Kong dollars, the net profit was 362 million Hong Kong dollars, and the net profit rate was 3.72%.
Although the net profit margin is very low, in a sluggish shipping market, Wheelock Shipping has maintained a profit, which is a turnaround compared to 1983.
In the same field, Wanbang Shipping, Orient Overseas, Huaguang Shipping and other shipping companies in Xiangjiang are all at a loss.
Judgment!
And this time, Wheelock Shipping Company has not received profit dividends from the five subsidiaries.
Taking into account the special influence of Wheelock Shipping Company and the entire Wheelock Consortium, the market value of Wheelock Shipping Company is naturally not limited by the price-earnings ratio.
After the earnings report was released, Wheelock Shipping's share price started a skyrocketing mode.
When the market was closed that day, the market value of Wheelock Shipping had returned to the scale of 10 billion Hong Kong dollars, reaching 10.742 billion Hong Kong dollars.
A single-day increase of up to 65%!
The increase ranks first in Hong Kong stocks!
Of course, Wheelock Shipping cannot avoid becoming the biggest public opinion hotspot in the capital market.
Over the past so many years, the credibility of the Jiuding Securities Research Institute has been demonstrated, but this time it has made a big mistake on Wheelock Shipping Company. It is not that no one doubts it.
It's just that Wheelock Shipping Company's financial report is indeed very reasonable, and the net profit margin is only 3.72%, which is not outrageous.
Therefore, although some people questioned it privately, they could not produce evidence, nor could they find the loopholes in Wheelock Shipping Company's financial report.
Some relatively cautious investors surreptitiously sold their shares while Wheelock's share price rose.
On February 25, under the control of Toll, the share price of Wheelock Shipping continued to rise amid the controversy, and once again hit the HK$12 billion mark.
Just as Justin Kyle breathed a sigh of relief, Wheelock Shipping's share price fluctuated violently for a few minutes, and then a large number of sell orders appeared on the market, and the share price began to fall.
When he was stunned, his subordinate suddenly rushed into the operating 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 China Securities Regulatory Commission and the Hong Kong Stock Exchange."
"how is this possible!"
"How dare they do that?"
Justin Kyle's complexion changed greatly, he roared in disbelief, and his heartbeat suddenly accelerated.
This is Chi Guoguo's behavior of flipping the table. How could Jiuding Securities Research Institute have the courage to report it?
Jiuding Securities Research Institute is directly betting on the company's reputation, which is absolutely lunatic!
This completely surprised Justin Kyle and caught him off guard.
"Could it be... they have enough evidence?"
"The real situation of the company has been leaked? Is there a traitor?"
Justin Kyle suddenly had several thoughts in his mind, making his palms sweat extremely fast, and his body trembled nervously.
"Must find out what's going on!"
Thinking of this, Justin Kyle hurriedly left the operating room, called Myron Marjorie, and asked him to call all the people involved in compiling the financial report into his office.
In addition to urgently investigating the traitor, he had to confirm the accounting situation again and again to ensure that it was difficult to be found out.
The China Securities Regulatory Commission and the Hong Kong Stock Exchange have received real-name reports and will definitely come to Wheelock Shipping Company to check the accounts!
This is a fatal crisis!
PS: I'll have one more tonight, this week is really hard, I don't even have time for water groups during the day
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