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While Cao Weiqing was dealing with Pengyu Shoe Manufacturing Company, Li Guangyu came to the Governor's Palace and was invited by MacLehose to discuss stock market transactions with the British-funded consortium.
Today is another Friday of the week. After several weeks of continuous decline, the Hong Kong Hang Seng Index is about to fall below 800 points, and there is still no sign of recovery in the stock market.
This time, not only the three groups Jardine Matheson, Swire Pacific and Wheelock are anxious, but even the two major banks Standard Chartered and HSBC are also very anxious. As securities dealers, they are the ones who make the orders for the three companies.
Guaranteed, as the stock market fell, these three groups did not follow up to cover their positions, and now their positions have been completely liquidated.
These orders were all placed in the hands of their two banks, and they didn't make much money. Seeing the stock market falling day by day, they really couldn't sit still. For this reason, they invited the heads of several major groups to see MacLehose.
, hoping that he, as a middleman, would invite Li Guangyu to come over and negotiate with them to resolve this issue.
MacLehose considered the future development, and since he was also a middleman, they still had to decide the specific matters themselves, so he agreed with Shen Bi and George Lavin's opinions.
After Li Guangyu came to the conference room, he said hello to MacLehose and others, then sat down to see how Shen Bi and the others were going to discuss with him.
MacLehose said: "Mr. Li, your Li Group and their group are the pillars of our Hong Kong. I also hope that you can reach an agreement. The current economic situation in Hong Kong is not very good, and I do not hope that there will be another big disturbance."
Appear."
Li Guangyu said: "Mr. MacLehose, as long as Mr. Shen Bi and others can afford the right price, I will be happy to end this transaction early. After all, I don't want my funds to be stuck in the stock market. Our Li Group is expanding."
There is also a special lack of funds.”
MacLehose was very happy to see that Li Guangyu was willing to negotiate. He said, "I think as long as both of you show sincerity, this matter will be easily achieved."
Shen Bi and others knew that it would not be that easy this time. It was obviously impossible for Li Guangyu to trade at the current price. He would definitely lower the price to make more profits, and he naturally hoped that
Trade at the price when the market was closed yesterday.
Shen Bi said: "Mr. Li, the reason why we asked Mr. MacLehose to be the intermediary today is that we hope that we can try our best to eliminate the disputes between the two parties and complete this transaction. After all, if we drag it on, the losses will be too great, which will also be harmful to the economy of Hong Kong."
We hope that Mr. Li will not only take into account his own interests, but also consider the economy of Hong Kong."
Li Guangyu feels that Shen Bi is really shameless when it comes to talking about Xiangjiang's economy. The British consortium in Xiangjiang has been hit hard, and most people in Xiangjiang will be happy. The Xiangjiang economy is not a problem, and the worst is to take over it himself.
They are just a group, but they are considering how to acquire Cathay Pacific Airways from Swire and Heung Kong Electric Group from Jardine Matheson.
Li Guangyu said: "I am a native of Xiangjiang, so I naturally hope that the economy of Xiangjiang can prosper and develop. As for the losses of your major groups, I don't think it will affect the economy of Xiangjiang. If you feel that you cannot support the development of such a company, it is absolutely fine.
Just let it go, why bother holding on to it?"
Henry Keswick, Wooden Swire, and Paul Madden knew as soon as they heard that Li Guangyu was thinking about his own companies, and they were unwilling to give away the group's companies like this.
Henry Keswick said: "Mr. Li, our major groups have been rooted in Xiangjiang for hundreds of years and have made great contributions to Xiangjiang. At the same time, we also believe that we can lead the development of our own company, so I won't bother you with this aspect." .”
Shen Bi is not in the mood to care about how Li Guangyu grabs the British-funded consortium's companies for the time being. Now he just hopes to end the transaction with Tianyu Investment Company as soon as possible and reduce the bank's losses. If the stock plummets again, their bank really cannot afford to lose.
As for the losses of these three groups after completing the transaction with the Li Group, Shen Bi will slowly settle the losses with these three groups. Don't think that it will be over if the position is liquidated and the matter is ignored. He wants to throw the blame to HSBC and Standard Chartered. beautiful.
Shen Bi said: "Mr. Li, we are not going around in circles. We invite you here this time because we hope that the orders you place with us, HSBC and Standard Chartered, can end the transaction early. I don't know what you are thinking?"
Li Guangyu doesn't know exactly where it will fall this time. Anyway, it is between seven and eight hundred, and the difference between the upper and lower levels will not be too big. The stock market has almost reached this point, and Li Guangyu's profit this time is almost the same. If the contract was not for three months and it was not easy for him to trade, he would have sold it. If we were not in the futures market now, otherwise Li Guangyu would have started clearing his positions long ago.
This time Shen Bi came to him to discuss ending the transaction early, and he was naturally willing. This way he could still take the initiative, and Li Guangyu would be able to lower the market value of various companies' stocks by then.
Li Guangyu said: "Mr. Shen Bi, Mr. Lavin, I don't know what price you plan to use to recycle the shares and return them to you?"
George Lavin said: "Mr. Li, the Hong Kong stock market has plummeted 1,000 points. I guess it is probably the end now. We are willing to calculate it based on the current market price. What do you think?"
Li Guangyu didn't believe what he said. If they thought this was the bottom, they wouldn't come to him for trading. They probably couldn't see the situation in Xiangjiang clearly, so they still wanted to end the transaction early to avoid themselves. Banks suffered greater losses.
Li Guangyu said: "Mr. Lavin, since you think so, I think there is no need for us to discuss today. You can just sit back and let the stock market rise, so why bother to negotiate with me."
Shen Bi glanced at George LaVine and conveyed the meaning that I knew Li Guangyu would not agree. Shen Bi didn't believe that Li Guangyu would just give up like this. Let him seize the opportunity this time, and he wouldn't bite him hard. You won't be satisfied with just one bite.
Shen Bi said: "Mr. Li, what price do you think is more appropriate?"
Li Guangyu thought for a while. The current Hang Seng Index is 800 points. Calculated at 600, it is a decrease of 25%. On this basis, he can call for a higher point, which will be beneficial to negotiations.
Li Guangyu said: "I think it is more reasonable for the stock market value of each company to drop by another 40% today. I don't know what Mr. Shen Bi and Mr. Lavin think."
Shen Bi and George Lavin did not expect that Li Guangyu could really open his mouth. If it drops so much, the stock market will fall by nearly half. Is this possible? If the price is like this, it is better to keep it and gamble again.
Shen Bi said: "Mr. Li, don't ask for such high prices. I really don't believe that the Xiangjiang stock market will fall so miserably. Unless something unexpected happens again, it is impossible for such a thing to happen, and this time the contract will only be ten." Even if there is any action at the end of the month, it will still need to be discussed. The time cannot be so short, so you should come up with a real price."
Li Guangyu shouted such a high price just to bargain, and he did not expect Shen Bi and others to agree to such conditions.
Then Li Guangyu began a tug-of-war with Shen Bi and George LaVine to lower the price. When a deadlock was reached, MacLehose would speak out to persuade to ease the deadlock.
The discussion lasted quite a long time. We also had lunch at the Governor's Mansion. The discussion continued in the afternoon. Everyone hoped that a result would be reached today. Among them, MacLehose most hoped that the Li Group, Shen Bi and others could reach a conclusion. of this transaction.
He knows very well that if Hong Kong's economy is to improve quickly and the stock market is to be positive, the Lee Group still needs to increase investment in Hong Kong and enhance citizens' confidence.
This time, when the market was closed in the afternoon, a very favorable news came to Li Guangyu. The Hong Kong stock market fell below 800 points, which made Shen Bi give up the final dispute and trade at a 15% discount from the current closed price.
After the discussion, Li Guangyu said to Shen Bi and others: "Mr. Shen Bi, Mr. Lavin, next Monday we will follow the agreement. When I go back, I will arrange for Tianyu Investment Company to make a deal with you two." The bank's order, I believe we can complete the entire transaction on Monday morning."
This is the only place that is better than the futures market. In the futures market, if such a huge transaction is completed at once, the stock market will immediately fluctuate. And this is a transaction between their securities departments. The orders have not flowed into the market, which has a great influence on the market. Small.
Shen Bi said: "Mr. Li, you are indeed synonymous with Xiangjiang's wealth. This time you made nearly 30 billion Hong Kong dollars in profits in just two months. I just hope your luck will continue to be like this."
…
Miaoshuwu
/txt/107247/
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