Chapter 1017 Disadvantages of Equity Pledge

"Haha, do you need to say this, of course you did it!"

"Now seeing the Song family and the Shi Yahuai family fighting to the death, many people are already ready to move, including me, now that I know that you will intervene, then what am I hesitating about!"

Bao Yugang laughed loudly.

"I must be counted, I may not be able to make a big difference in overcoming difficulties, but I still have the ability to fight a good battle and give you a strong momentum. Huo Yingdong said modestly in a joking, but the meaning was also very clear.

"Ah Yu, with your usual style, you should have made a plan, right?" After laughing, Bao Yugang asked.

Xia Yu nodded and said, "I have made a preliminary plan, I'll tell you about it now." ”

Bao Yugang and Huo Yingdong immediately focused on Xia Yu.

"After I acquired Swire Airlines, there are more than 200 companies of all sizes under the Swire Consortium, but most of them are unlisted. ”

"In the midst of this, I have promised the Song family to help them acquire Swire Industries Group and Swire Trading Group, and the shares held by the Song family in other companies that are related to these two groups will be used as the cost of the acquisition, if there is anything you need, tell me directly at that time." ”

“......”

"However, because the stock market crash is coming, it is too cost-effective to buy the company of the Swire consortium at the current high or even higher stock price, so the real acquisition is to put it at the back to buy the bottom, and in the early stage, my plan is to speculate the price. ”

"Whether it is the stock of a listed company or the equity of an unlisted company, compete with the Shi Yahuai family in all aspects, forcing them to spend a lot of money to acquire and increase their holdings, the more money they pay, the more damage they will suffer and the more they will vomit!"

"At that time, unless Norman Shi Yahuai wants to bury the entire family, he can only spit out most of the assets, we can seize the opportunity to buy the bottom, pick up the valuable, throw away the worthless, and the funds can also be used to buy other companies in the market......"

After listening to Xia Yu's story quietly, Bao Yugang and Huo Yingdong both understood, and Bao Yugang even applauded.

"Ah Yu, others don't know that the stock market crash is about to happen, your plan will definitely collapse the Taikoo Consortium in one fell swoop!

"If you do it right, it's not a problem to double your assets!"

"It seems that now we have to raise funds with all our might, the more the better!" Huo Yingdong said.

In fact, Xia Yu's plan is indeed very simple, but because others can't guess that there will be a stock market crash, as long as Xia Yu and the others are silent, the Shi Yahuai family will definitely jump into the pit in order to keep their assets.

At present, the debt ratio of the Heung Kong Swire Group is close to 10 billion Hong Kong dollars, and the debt of the entire British Swire Group is as high as more than 15 billion Hong Kong dollars.

And that's just a group-level liability.

If the Shi Yahuai family wants to deepen its control over the entire consortium, then it will have to go both ways, allowing each holding group to increase its stake on the one hand, and the family fund to increase its stake on the other.

Unless the group has a large amount of liquidity, it must use the group's assets and equity to mortgage the loan.

To increase the holdings of the Shi Yahuai family fund, it is necessary to use the money of the Shi Yahuai family, or use the equity and assets held by the family fund to mortgage the loan.

Anyway, you have to mortgage your assets and equity, depending on whether the loan is a bank or another family or institution.

However, once the company's stock price falls sharply and fluctuates, and the stock price of the pledged shares falls below the market value warning line set by the bank when signing the loan, the pledgee must add the pledge or margin, otherwise the bank will have the right to sell the equity to make up for its own losses after the agreed time.

This principle is related to the fact that shareholders entrust securities companies to speculate in stocks, and securities companies can forcibly close their positions when shareholders lose money.

Therefore, as long as the Swire Consortium and the Shi Yahuai family borrow more, when the stock market crash comes, unless they can come up with money or assets of equivalent value to supplement the pledge, even if they don't want to sell, it will be up to them.

"Lao Bao, Lao Huo, once we start a fight with the Swire Consortium, it will be easy for the Hang Seng Index to break through 2,000 points, but once the stock market crashes, I am 90% sure that it will fall below 1,000 points. ”

"As for the time when the stock market crash will end, it's hard to say now, and I will definitely remind you when the time comes. ”

Xia Yu continued.

"Okay, we'll listen to you then. ”

"That's right. ”

Bao Yugang and Huo Yingdong replied one after another.

......

Early the next morning, Bao Yugang and Huo Yingdong held meetings of their subsidiaries one after another to shrink from the company's upper-level strategy and enhance their ability to resist risks.

At the same time, the two of them also urged their various companies to speed up the collection of funds and increase their capital holdings.

In addition to the company, they are trying to find ways to increase their liquidity.

And early this morning, Xia Yu boarded the plane to Star City.

About three and a half hours later, Xia Yu arrived at Changi Airport, which was opened half a month ago, and then stayed at Mandarin Oriental, Star City, his own hotel.

In the afternoon, Xia Yu took the opportunity to inspect his company in Star City, and then rested until five o'clock in the evening, and after a little preparation, he took the car to Qiu's house.

This time he came to Star City in person, and Xia Yu's target was Qiu Deba!

To be more specific, it is the Qiu family's 7.8% stake in Swire Pacific Limited!

When the team of Jiuding Securities Company came to the door many times to no avail, and the Qiu family received them kindly, without agreeing and refusing explicitly, Xia Yu guessed that Qiu Deba should have wanted to wait for him to come to the door in person.

As for Qiu Depu's purpose, Xia Yu can't guess, but it may be clear tonight.

The agreed time was half past six in the evening, and it was six twenty-four when Xia Yu's car arrived at Qiu's house, within five to ten minutes in advance, which was very appropriate.

Faced with the arrival of Xia Yu, the most powerful boss in Xiangjiang, the Qiu family gave a very grand welcome ceremony.

When Xia Yu's car passed through the big iron gate of the mansion and came to the main gate of the inner villa, he saw Qiu Deba, who was over the age of sixties and gray temples, leading a group of children and grandchildren to stand at the door in person, he immediately ordered the car to stop, let Li Wuming take the carefully prepared gifts, and walked towards Qiu Deba in three steps and two steps after getting out of the car.

"Mr. Qiu, you are tormenting the younger generation, and your whole family welcomes me together, which really makes me panic!"

Xia Yu pretended to be grateful and frightened, shook hands with Qiu Deba, and said hurriedly.

The first time he met Qiu Deba, Qiu Deba directly gave him such a big gift, although it showed the enthusiasm and attention of the Qiu family, but Xia Yu couldn't accept it as a matter of course.

Otherwise, even if Qiu Depu's face would still be smiling, it is difficult to guarantee that he will not think in his heart that Xia Yu will not be a person.

Moreover, it is said that people must ask for something, this time it is obvious that Xia Yu came to the door to ask for something, but now the Qiu family has made such a big battle.

It is said that many people are not to blame, Xia Yu feels that the Qiu family's gift is too big, but there is no way to have an opinion.

And after receiving such a big gift, if the Qiu family has something to ask for, Xia Yu has to think about it.

And what Xia Yu asked for, he couldn't let the Qiu family suffer.

"Haha, Mr. Xia is too modest, who doesn't know that you are the God of Wealth, but also a legendary figure among my Chinese, I have admired you for a long time, but I have never seen you. ”

"Mr. Xia's visit to my Qiu family this time is really the last big happy event for my Qiu family over the years. ”

Qiu Deba said with a smile.

Xia Yu shook his head and said with a wry smile: "Mr. Qiu, you praise me too much, you are always recognized as an outstanding banker, the god of wealth in the eyes of everyone, when you were always in the business world, I was not born yet!"

"I'm here to learn from you, an old-timer. ”

Qiu Deba hurriedly waved his hand and said: "Eh, I don't dare to learn from the experience, I can't ask for mutual discussion, we must have a good chat tonight." ”

"Mr. Xia, please come inside!"

"Please!"

PS: There will be tonight, but it will be late, everyone should rest early, and we will see it tomorrow, good night