At the close of trading in the afternoon, Hutchison Whampoa's share price was fixed at HK$9.45. Those who were the first to bet on the bottom were very happy, while those who had already got off the bus felt very regretful.
As for those who were hesitant and did not choose to enter, they regretted why they did not enter.
When the exchange reports submitted by Xinjian Investments, Dow Heng Bank Securities Department, Bank of East Asia Securities Department, and Sun Hung Kai Securities were disclosed, these investors were filled with shock and annoyance.
According to the report, Xinjian Investment Company's shareholding at the closing price yesterday reached 4.8%. Today, it acquired 3.6% of the shares and its shareholding ratio reached 8.4%, surpassing the Gao family and becoming the third largest shareholder of Hutchison Whampoa.
Dao Heng Bank, Bank of East Asia and Xinjian Investment Company are similar, with Dao Heng holding 8.14% and Bank of East Asia holding 8.09%.
Sun Hung Kai Securities increased its stake by 5.2% on the original basis, bringing its shareholding to 14.4%.
Had it not been for not wanting to let the news leak out in advance, Sun Hung Kai Securities would have been able to grab more shares.
The Xiangjiang Exchange has a rule that every major shareholder of a listed company that increases or decreases its holdings by 2% of its original shares must report to the exchange immediately after the market closes that day and make it public.
Therefore, as of the market close yesterday afternoon, Sun Hung Kai Securities had only increased its stake in Hutchison Whampoa by 1.9%.
These investors are not unaware. Adding up these stocks, the shareholding is already as high as HSBC. As for HSBC, no news has been announced to the outside world. It can only show that HSBC's increase or decrease in its holdings has not exceeded 2%.
This made some investors who bought the shares quite uneasy. They were not sure whether HSBC would compete with Li Jianhui for control of Hutchison Whampoa.
Li Jianhui held a high-profile press conference at 5 o'clock in the afternoon that day. Xinjian Investment Company acquired the shares of Dao Heng, East Asia and Sun Hung Kai Securities, and officially became the largest shareholder of Hutchison Whampoa Group.
He also stated that he has contacted Hutchison Whampoa Group senior management and board members, and will hold a board meeting and group senior management meeting tomorrow morning.
Not long after Li Jianhui's press conference ended, HSBC also held a press conference.
The first is that HSBC will never give up control of Hutchison Whampoa, and the second is that Li Jianhui is suspected of hostile acquisitions and illegal acquisitions in this acquisition.
Regardless of Daoheng Bank, Bank of East Asia, or even Sun Hung Kai Securities, the shares in the hands of several companies were actually acquired by Li Jianhui, but these companies did not make truthful announcements in accordance with relevant regulations.
At the press conference, Shen Bi called on the Hong Kong Exchange and the Hong Kong Monetary Authority to investigate the acquisition and maintain the normal order of the Hong Kong stock market.
At the same time, it was also recommended to investigate the recent changes in the stock market of Xiangjiang Electric, saying that in order to obtain huge profits, Xinjian Investment Company deliberately released false news and disrupted investors' judgment of the market.
Because of the two press conferences, the melon-eating crowd in Xiangjiang became lively.
One side said that HSBC could not afford to lose. Li Jianhui’s operations had been used by many big names. According to relevant regulations, Li Jianhui did not violate the rules.
Regardless of Dao Heng Bank, Bank of East Asia, or even Sun Hung Kai Securities, they have nothing to do with Li Jianhui. As long as the shares in their hands are not traded to Li Jianhui himself or a company in which he personally holds shares for one day, it is not a violation.
The other party feels that such behavior should be stopped. If such incidents are allowed to happen, it will be very detrimental to the shareholders and even shareholders of the parent company.
It is hoped that the exchange and the Monetary Authority can follow Hutchison Whampoa as an example to prevent such incidents from continuing to occur, ensure the normal order of the Hong Kong stock market, and safeguard the basic interests of shareholders of listed companies.
The Hong Kong Exchange, which has been at the forefront of the news, held a press conference at 9 a.m. the next day to explain the Hutchison Whampoa incident.
First of all, he said that many of the rules of the exchange are not perfect. In the near future, the exchange will work with the Hong Kong Monetary Authority to study new plans to avoid similar incidents as much as possible.
At the same time, it also explains that in this Hutchison Whampoa Group stock market transaction, Xinjian Investment Company and Li Jianhui did not violate relevant regulations. Share transactions are free for both parties, and the exchange has no right to interfere with the transactions of shares of several parties.
The Hong Kong Monetary Authority could not issue a similar statement, saying that the government has no right to interfere with the legitimate transactions of citizens' shares.
As for the abnormality in the stock market of Xiangjiang Electric Light Company, whether Xinjian Investment Company and the actual controller Li Jianhui spread false news to obtain huge profits will be jointly investigated by the Xiangjiang Exchange.
Li Zaiwei, deputy general manager of Xinjian Investment Company, accepted a live interview with Jiashi and gave a detailed explanation on the acquisition of Hutchison Whampoa Group shares and Heungkong Electric shares.
Regarding the acquisition of Hutchison Whampoa shares, Li Zaiwei admitted that he had contacted Daoheng Bank, Bank of East Asia, Sun Hung Kai Securities and Gao Family before.
However, due to various reasons, the acquisition was not successful before. It was not until yesterday afternoon that Xinjian Investment Company reached cooperation with Dao Heng Bank, Sun Hung Kai Securities and Bank of East Asia respectively, and purchased their shares at a relatively suitable price.
As for the Gao family, we at Xinjian Investment Company have always maintained our sincerity, but we have not made any breakthrough yet.
In Xiangjiang Electric Company, Li Zaiwei announced to the outside world that the company currently holds 10.5% of the shares in Xiangjiang Electric Company, which is 1.9% more than before, to prove that Xinjian Investment Company has never made any false statements, let alone cashed out.
Li Zaiwei also announced that Xinjian Investment Company will continue to increase its stake in Xiangjiang Electric Lighting Company in the future.
Affected by these news, as soon as the Hong Kong Exchange opened in the morning, the stock prices of companies such as Hutchison Whampoa, Heung Kong Electric, and Wheelock surged straight up.
Especially for Wheelock Group, its market value dropped significantly due to Li Jianhui's failure in the acquisition of Heung Kong Electric Lighting.
Now that the good news has come, the stock price has risen extremely fiercely, even compared with Hutchison Whampoa, which is currently competing with HSBC and Li Jianhui.
The reason why leeks can only be leeks is that they only get on the bus after hearing about the good news. They are destined to be the receivers.
After the Heung Kong Exchange and the Heung Kong Monetary Authority spoke out one after another, HSBC understood that there was no way back on Hutchison Whampoa.
At this time, they wanted to reduce some losses, so they took advantage of the current surge in the stock market to accelerate overseas shipments.
Moreover, they only have one day. When the market closes this afternoon, HSBC will need to issue an announcement to reduce its shareholdings, and the stock price will inevitably fall sharply by then.
In fact, as early as yesterday afternoon, HSBC had already reduced its stake by 1.9%, but it did not touch the 2% red line, so there was no need to make an announcement.
There are indeed many elites in HSBC, and they are quite experienced in operating the stock market. Although the shipment volume of each order is relatively small, the transaction volume is very rapid.
With a large wave of retail investors and investment institutions entering the market, and Xinjian Investment Company still buying stocks, the stock market's continued upward trend has not been interrupted.