Hutchison Whampoa's stock market continues to fluctuate, and Colon Standard Chartered announced on Monday, February 26, that its family's shareholding reached 49.9%.
As soon as the news came out, Heung Kong Electric's stock immediately plummeted from a high of HK$8.76. At noon, it had reached HK$6.73.
After this battle, Li Jianhui's legendary character began to fade. At this time, the citizens suddenly realized that this young man was not as magical as they imagined. Facing the Standard Chartered family, which was supported by two wealthy men, he was still unable to compete with him.
Affected by Heung Kong Electric, Wheelock Group's share price also fell by 5%, and Hutchison Whampoa fell by 8%.
This casts a shadow over Wheelock Group, which will raise funds for additional issuance tomorrow, and there is a strong bearish sentiment in the market.
Xin Jian Investment Company, Li Jianhui did not feel affected by the problems with Xiangjiang Electric Lighting.
Taking advantage of the fact that Hong Kong's British financial groups were celebrating happily and the market was bearish on Hutchison Whampoa, he asked Li Zaiwei to speed up his acquisition of Hutchison Whampoa.
At the same time, Dao Heng, Bank of East Asia and even Sun Hung Kai Securities were accelerating. They were trading in small orders and multiple batches, trying to grab as much chips as possible.
Good things don't go out, but bad things spread thousands of miles. Li Jianhui didn't take it seriously, but the people who followed him did.
Just when he was still arranging for Li Zaiwei to wait for Xiangjiang Electric's stock price to fall to the bottom and increase his shareholding to 10%, the company's administrative manager Chen Huiya came to report that Chen Zhiyong, Pan Zhiyong, Ye Han, Huo Yingdong and others had called.
Wheelock Headquarters, I hope Li Jianhui can call back.
During the call back process, everyone offered nothing more than words of comfort, telling him not to take the acquisition seriously. There would inevitably be setbacks in business, so he shouldn't feel discouraged.
Although Li Jianhui has been making waves in the business world for more than a year, he is still just a boy under 18 after all.
At such a time, these people still regarded him as a junior and were worried that Li Jianhui would never recover because he had too little experience and had not encountered any setbacks.
Li Jianhui did not mention the matter of Hutchison Whampoa, but only told him that his current focus is Wheelock Group and Huihong Gaming Company. As for the failure of the acquisition of Heung Kong Electric, it will not affect his future development plans, and he will hold the shares of Heung Kong Electric for a long time.
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Apart from Xinjian Investment Company, Dao Heng, and the acquisition team of the East Asia Investment Department, only Chen Yulian knew about the matters at Hutchison Whampoa, and he did not even tell his family.
He plans to announce it to the outside world only after he has enough chips in his hand, and only then will everyone know what it means to attack in the east and attack in the west.
As long as Hutchison Whampoa is captured, the public opinion that is bearish on him will be wiped out, and these media will also shame themselves. The more they trample him now, the more they can praise him later.
After hanging up on these people, Li Jianhui immediately called Guan Jiahui of Jiayi Group and asked him to arrange for Jiashi to issue a statement that Xinjian Investment Company was very optimistic about the future of Xiangjiang Electric Lighting Company and would continue to hold its shares.
As soon as Jiashi's statement came out, different people had different interpretations. The vast majority of investors did not think that Li Jianhui was going to stabilize the Xiangjiang Electric stock market.
Their purpose is simply to stabilize the stock market and facilitate their own shipments. They believe that Li Jianhui holds a large number of Heung Kong Electric shares.
So much so that this statement intensified the panic in the market. As soon as the Hong Kong Exchange opened in the afternoon, a large number of sell orders for Xiangjiang Electric Lights appeared, and the stock price also plummeted.
Just five minutes after the market opened, the stock price fell below HK$6, and half an hour after the market opened, the stock price fell below HK$5.
Wheelock Group also felt uncomfortable. Because of Li Jianhui, the stock price fell again by 2.6% in half an hour in the afternoon.
This made Qiu Deba, who originally wanted to cash out slowly, so angry that he almost couldn't breathe. If he didn't want to cut his flesh, he was afraid that he would not be able to get out of the trap in a short time.
As for the Wheelock Group's additional financing of HK$1 billion in shares tomorrow, he has completely lost interest in subscribing at the same proportion. If the shares decrease, just reduce it. He doesn't want to invest another penny into the Wheelock Group.
However, in terms of Wheelock Group shares, Dao Heng Bank, Sun Hung Kai Securities, and Bank of East Asia are all beginning to absorb them.
They know very well the true value of Wheelock Group, and now is a good time for them to buy at the bottom. Once Li Jianhui gets control of Hutchison Whampoa, Wheelock Group's shares will inevitably rise significantly.
If it weren't for the restrictions, Li Guobao and others believed that Li Jianhui would have bought the bottom long ago.
The stock prices of two leading companies, Heung Kong Electric and Wheelock, fell sharply, which in turn had a chain reaction. The stock prices of a number of companies with artificially high market values fell one after another, including Hutchison Whampoa, Wharf, China Gas, China Power, Hang Lung Group, etc.
The Hang Seng Index also changed its sustained momentum over the past year and once plunged nearly 50 points.
Seeing the stock prices of most listed companies on the Hong Kong Stock Exchange's screen in red, investors felt cold in their hearts.
Affected by the Hong Kong Exchange, some listed companies on the other three major exchanges in Hong Kong also experienced varying degrees of decline.
Even Li Jianhui did not expect that the sharp decline in the stock prices of several major companies would cause such a big disturbance. The current influence of British-owned groups in Hong Kong cannot be underestimated.
After the market closed, Li Zaiwei said to Li Jianhui: "Currently, we already hold 4.8% of Hutchison Whampoa shares. We believe that we will be able to reach the target of 5.5% of the shares before the market closes tomorrow afternoon."
"It's done very well. Please contact Bank of East Asia, Dao Heng Bank and Sun Hung Kai Securities to see how they are progressing."
"I will contact you shortly, I believe their progress should be about the same as ours.
In addition, our Wheelock Group fell as much as 7.9% today, and its market value shrank by nearly HK$300 million."
Regarding Wheelock Group's plunge, Li Jianhui doesn't care about it. The worst thing is that the additional shares issued tomorrow will only raise less than one billion Hong Kong dollars. If the funds are not enough, it will not be enough, and it will not affect the development of Wheelock Group.
Moreover, Li Jianhui believes that he will ultimately be the one to take advantage. When the additional issuance is issued tomorrow, his allies will accelerate their acquisition of Wheelock Group shares.
God is not as good as man. If he had known that Wheelock's stock price would plummet, he would have added 10 million more shares when applying for the additional issuance, which would have once again reduced Qiu Deba's shareholding in Wheelock Group.
I don’t know how these reporters knew that they were at Xinjian Investment Company. Li Jianhui, accompanied by his bodyguards, had just walked out of the building. Before he got in the car, reporters surrounded him.
"Li Sheng, the Standard Chartered family has obtained control of the Xiangjiang Electric Lighting Company. I wonder what your plans are for this in the future?"
"Li Sheng, Wheelock Group's stock market fell sharply today. The main reason was due to the influence of Heung Kong Electric Company. I wonder what you think about this?"
…
There were a lot of reporters, and they were all rushing to ask questions. The scene was quite noisy, and Li Jianhui didn't even hear some of the questions clearly.
For some plans for tomorrow, Li Jianhui did not leave directly. He made some emphatically explanations to Xiangjiang Electric and Wheelock Group.
However, Li Jianhui's answer, in the eyes of some investors, is more like a signal to cash out, especially the answer of Heung Kong Electric Company.