PS: Thank you for reading!

On Thursday morning, the announcement issued by Victory Securities, the results of the overnight interpretation of all parties were published in the pages of major newspapers and magazines in Hong Kong.

Andrew has seen the results of the overnight interpretation of people from all walks of life, and he feels quite satisfied.

In the interpretation of the results, the analysis is still more factual and the comments are more neutral. But such a factual analysis and neutral commentary. For Victory Securities, it is good news.

But one of the passages, "Jardine Matheson's allies outside the field", caught Andrew's attention and vigilance. Yes, you can't push Jardine Nuunson so hard that you ask for "Jardine Matheson's allies outside the field".

Before the dust settles on Wharf's equity collection, it is obviously not a good thing to add an unpredictable opponent ally to disrupt the situation.

Thinking about good ideas, Andrew and Henry communicated the ideas. In the end, Henry revised the sniping plan for the last two trading days of the week according to the amount of funds in Jardine Matheson.

And Jardine Neucille's reading experience of interpreting the results is not very good. Although the analysis of the results is still relatively factual neutral, Jardine Matheson Group is indeed difficult in terms of funding. But you see through it, and it's a good deed not to say it's broken.

But you can see through it, and it is published in the newspapers, which is not a good thing. This is like dissecting the Jardine Group, and also analyzing the weaknesses of the organs and showing them to the public.

This has made most of the "lofty king temperament" maintained by Jardine Matheson for more than 100 years be destroyed!

Although there is still a bit of bias and Jardine in the comments, especially the connotation of the century-old Jardine. There are many cooperative allies of Jardine Matheson Group, but the cooperative allies are not Jardine and his father after all!

If you want to ask for cooperation allies to help such a big thing, you will not only have to lose the old face of Jardine Matheson Group and Niu Bijian, but also have to exchange a lot of meat!

Therefore, in the absence of a last resort, Niu Bijian will not use the card of cooperation allies.

Finally, the majority of ordinary investors, for the reading of the results: Jardine Matheson, which has always been high and self-proclaimed as the king of business in Hong Kong, is now a weak and sick tiger with unfavorable teeth and claws!

Although there is a difference in feeling, the inner impact is still relatively large. But after the aftertaste is reflected, most investors still want to taste the taste of the legendary tiger meat!

The earth dogs are not so frightened when they know that the teeth and claws of the weak and sick tiger are not good. Around it, shiny white fangs were exposed, waiting for an opportunity. And the tiger's powerful king deterrent power in the past is now not very effective, and it is greatly discounted!

Throughout the day on Thursday, Victory Securities' scramble for Hongkong Land and Jardine Matheson shares has decreased a lot. It is no longer a straight line that pulls up the stock price, but only at the key rising point that it will make a big move.

Throughout Thursday, the main force of Jardine Matheson Group in the stock market has turned into a vast number of mass investors.

The retreat of Shengli Securities has greatly reduced the pressure on Jardine Matheson Group. Competing with mass investors, Jardine Matheson Group still has the ability to play with ease. The funds obtained from the reduction of holdings can also keep up with the consumption of the game.

Throughout Thursday, Victory Securities' scramble for shares in Hongkong Land and Jardine Matheson was 0.9% of Hongkong Land's shares, totaling 13.2%. Jardine Matheson acquired a 1% stake for a total of 10.2%.

The situation on Friday's stock market trading day converged with Thursday's, and Victory Securities' game scrambling performance was relatively convergent. In Hongkong Land and Jardine Matheson shares, the harvest was 0.8%.

During the stock market trading hours on Thursday and Friday, the focus of Victory Securities was on Wharf's stock collection. Finally, at 3 p.m. on Friday, Wharf's stock collection totaled 51%. That's it!

The next focus will be on preparing for Wharf's equity tender offer. However, in consideration of the continuity of the sniper plan, Henry requested that the announcement of the equity tender offer of Wharf be postponed, and the task of collecting Wharf's shares continued.

With the arrival of 51% of Wharf's shares, the worries of this sniper plan have been lifted. The pace of the sniper plan will be readjusted to:

The main sniper on the bright side, Victory Securities. It will regain the strong momentum of the scramble, pull up the stock prices of Hongkong Land and Jardine Matheson, maintain the strong sniping situation, and stabilize the enthusiasm of the majority of investors to participate.

The main sniper force on the dark side stopped buying operations and began to prepare to retreat and leave the field under the strong pull cover of the main sniper force on the bright side.

On Friday night, Jardine Matheson was also counting its chips and funds.

Jardine Matheson Group previously held 22% of both Hongkong Land and Jardine Matheson. Coupled with the funds spent nearly 15 Hong Kong dollars, the increase in holdings in the past four days has now reached 30% of the shares of Hongkong Land and Jardine Matheson. The equity risk of the two companies has been preliminarily lifted.

In view of the current situation, the Jardine Matheson Group collectively decided that for the sake of insurance, Hongkong Land and Jardine Matheson's controlling stake must be further increased. More than one-third, 34% of the controlling stake, is the basic safety line condition.

However, to continue to increase their holdings of Hongkong Land and Jardine Matheson's 4% stake, even if calculated theoretically based on Friday's closing price, it will require HK$1.1 billion in funds. The actual transaction amount may reach more than HK$1.5 billion.

Because the stock prices of Hongkong Land and Jardine Matheson have risen rapidly, the cost of rushing to raise funds has increased greatly. The original estimate of 2 billion Hong Kong dollars can guarantee safe holding, but it is definitely impossible.

The HK$500 million emergency loan from HSBC on Wednesday has now been sold out. How to solve the funds that will continue to increase their holdings next week?

It is not feasible to continue to reduce the shares of other listed companies to raise the full HK$1.5 billion. Because of the initiative to reduce holdings, the equity of other listed companies held has dropped significantly, and the potential equity risk has been considerable.

It is still possible to make an emergency loan to the bank again with the background of Jardine Matheson, but the amount of the loan may be very limited.

It is most convenient to withdraw the futures investment in New York. Once they withdraw their futures investment, they will not be able to make up for their previous investment losses, and their own investment losses and leadership responsibilities will be sealed and become a reality, which is an unacceptable outcome for them.

Therefore, the senior management of Jardine Matheson Group made a collective resolution to continue to increase the holdings of funds next week:

The first is to give full play to their abilities and get as many loans as possible on the weekend.

The second is to make statistics on the equity of other listed companies that are reducing their holdings, determine the minimum limit for reducing their holdings, and ensure the shareholding status of major shareholders.

Over the weekend, the senior management of Jardine Matheson Group, using their best capabilities, to get an emergency loan line of 1.1 billion Hong Kong dollars, which will be gradually disbursed within a week. The remaining 400 million Hong Kong dollars in funding gap can only be reached by reducing the equity of other listed companies.

It's a new week. From Monday, for two consecutive days, the main sniper force on the surface, Victory Securities, is in a strong position to grab funds. It also drove the enthusiasm of the majority of investors to participate, and pulled the stock prices of Hongkong Land and Jardine Matheson to the 20 yuan mark.

And on Tuesday night, it issued another announcement of the increase in shareholdings, announcing that the shareholding of Hongkong Land and Jardine Matheson reached more than 10%.

Judging from the strong fund-raising posture of Shengli Securities for two consecutive days, as well as the announcement of increasing shareholdings, it is a long-term fighting posture that is bound to be won for Hongkong Land and Jardine Matheson.

Seeing this situation, the majority of investors who followed the trend of Shengli Securities and participated in the sniping operation were even more confident, resolutely supported Shengli Securities, and made persistent efforts to defeat Jardine.

But in fact, Victory Securities Taipan, Henry's plan is that from tomorrow Wednesday, the main sniper force on the dark side will hold the chips, and begin to retreat quickly under the cover of the strong pull of the main sniper force on the bright side.

The main sniper on the dark side holds half of all sniper chips, and the average purchase price is 9.8 Hong Kong dollars. As long as it is more than 20 Hong Kong dollars, all of them are thrown smoothly, then the principal invested in this sniper operation will basically come back.

By the end of Thursday afternoon's market, all of the chips held by the dark side had withdrawn from the market.

On Friday, as the main sniper force on the surface, Victory Securities, in addition to maintaining 10.1% of the shares, the rest of the holdings are also gradually withdrawing.

At the close of trading on Friday afternoon, Jardine Matheson also successfully achieved its intended target. The controlling stake in Hongkong Land and Jardine Matheson reached 34%, more than one-third of the share. The basic holding safety line is up to standard.

After the stock market closed on Friday, Jardine Matheson announced its latest shareholding announcement.

Hongkong Land and Jardine Matheson, which has more than one-third of the equity shares of the Jardine Matheson Group, is the controller of the current board of directors, and can fully control all the resolutions of Hongkong Land and Jardine Matheson.

The latest shareholding announcement of Jardine Matheson Group is issued, which means that Jardine Matheson Group's disk protection action has basically been successful. And the victory securities, as a sniper party, undoubtedly failed in the sniping.