Chapter 384: The Deal Is Complete
When Cao Weiqing was dealing with the Pengyu Shoe Production Company, Li Guangyu came to the Governor's Mansion and was invited by MacLehose to discuss stock market trading with a British-funded consortium.
Today is another Friday of the week, and 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 of Jardine Matheson, Swire and Wheelock are anxious, but even the two major banks, Standard Chartered and HSBC, are also anxious. As a securities dealer, the orders of the three companies are made by the two of them, or they give guarantees, with the fall of the stock market, these three groups did not follow up to cover the position, and now it has completely liquidated.
Watching the stock market fall day by day, they really couldn't sit still, so they pulled in the heads of several major groups to meet with MacLehose, hoping that he would act as an intermediary and invite Li Guangyu to come over and negotiate with them to solve this problem.
MacLehose considered the future development, and he was also a middleman, and the specific matters still had to be decided by themselves, so he agreed with Shen Bi and George Lavin's opinions.
After Li Guangyu came to the conference room, after greeting MacLehose and the others, he sat down to see how Shen Bi and the others were going to negotiate with him.
MacLehose said: "Mr. Li, your Li Group and their group are the pillars of our Heung Kong, and I also hope that you can reach an agreement, the current situation of Hong Kong economy is not very good, and I don't want to have too much turmoil." ”
Li Guangyu said: "Mr. MacLehose, as long as Mr. Shen Bi and they can afford the right price, I am happy to close this transaction early, after all, I don't want my funds to be trapped in the stock market all the time, and our Li Group is particularly short of funds for expansion." ”
MacLehose was very happy to see that Lee Guangyu was willing to negotiate, and he said: "I think as long as both of you show sincerity, this incident will be easy to achieve." ”
Shen Bi and the others knew that this time it was not so easy, Li Guangyu obviously could not trade at the current price, he would definitely keep the price lower in order to make more profits, and his side naturally wanted to trade at the price when the market closed yesterday.
Shen Bi said: "Mr. Li, the reason why I asked Mr. MacLehose to be the intermediary today is also to hope that we can try to eliminate the dispute between the two parties and complete this transaction, after all, our side will drag on, the loss is too large, and it is also a kind of damage to the economy of Hong Kong, and I hope that Mr. Li will not only take care of his own interests, but also think about the economy of Hong Kong." ”
Li Guangyu felt that Shen Bi was really shameless when he took the Xiangjiang economy, and the vast majority of people in Xiangjiang would be happy if the Xiangjiang British-funded Consortium was hit hard. Xiangjiang's economy is not a problem, it is a big deal to take over their group, but he is thinking about how to buy Swire's Cathay Pacific Airways and Jardine Matheson's Xiangjiang Electric Group.
Li Guangyu said: "I am a native of Xiangjiang, so I naturally hope that the economy of Xiangjiang can prosper and develop, and as for the losses of your major groups, I don't think it will affect the economy of Xiangjiang." If you think you can't bring the development of such a company, you can let it out, so why hold on to it. ”
Henry Keswick, Wooden Schwya, and Paul Madden knew that Lee Guangyu was thinking about his own company, and they were unwilling to give up the group's companies like this.
Henry Keswick said: "Mr. Li, our major groups have been rooted in Hong Kong for more than 100 years and have made great contributions to Hong Kong, and we also believe that we can lead the development of our own company, so you don't have to worry about this. ”
Shen Bi is in no mood to care about how Li Guangyu robs the company of the British consortium for the time being, and now he only hopes to end the transaction with Tianyu Investment Company as soon as possible and reduce the bank's losses.
As for the losses of these three groups after the completion of the transaction with the Li Group, Shen Bi will slowly settle with these three groups, don't think that the liquidation will be over regardless of this matter, and want to throw the pot to HSBC and Standard Chartered, thinking about the United States.
Shen Bi said: "Mr. Li, we don't go around in circles, I invite you to come this time, just to hope that the orders you place on both our HSBC and Standard Chartered sides can end the transaction in advance, I don't know what you think?"
Li Guangyu doesn't know where he can fall this time, anyway, it's between seven and eight hundred, and the difference between the top and bottom won't be too big, and now the stock market has almost reached this point, and Li Guangyu has earned about the same amount this time, if it weren't for the fact that this contract was three months, he was not very easy to trade, and he would have made a move. It's not in the futures market now, otherwise Li Guangyu would have started to clear his position a long time ago.
Shen Bi came to him this time to negotiate the early termination of the transaction, and he was naturally willing, so that he could still grasp the initiative, and Li Guangyu would be able to lower the market value of the stocks of various companies at that time.
Li Guangyu said: "Mr. Shen Bi, Mr. Lavin, I don't know what price you plan me to return the shares to you?"
George LaVine said: "Mr. Li, the Xiangjiang stock market has plummeted by 1,000 points, I guess it's only the end now, we are willing to calculate it at the current market price, what do you think?"
Li Guangyu didn't believe what he said, if they thought that this was a bottom, they wouldn't come to him to trade. It is estimated that they can't see the situation in Xiangjiang clearly, so they still want to end the transaction early to avoid greater losses for their bank.
Li Guangyu said: "Mr. Lavin, since you think so, I don't think we need to discuss today, you can sit on the stock market rise, why bother to negotiate with me." ”
Shen Bi glanced at George Lavin, conveying that I knew that Li Guangyu would not agree. Shen Bicai didn't believe that Li Guangyu would accept it when he saw it like this, this time he seized the opportunity, he would not be willing if he didn't take a hard bite.
Shen Bi said: "Mr. Li, then what kind of price do you think is more appropriate?"
Li Guangyu thought for a while, the current Hang Seng Index is 800 points, and at 600, it is a decrease of 25%, and he shouts higher on this basis, which is conducive to negotiations.
Li Guangyu said: "I think it is more reasonable to reduce the market value of each company's stock by another 40% today, I don't know what Mr. Shen Bi and Mr. Laven think. ”
Shen Bi and George LaVine didn't expect Li Guangyu to really be able to open his mouth, and if it drops so much, the stock market will fall by nearly half, is this possible? If this price is better for itself, it is better to keep it and gamble again.
Shen Bi said: "Mr. Li, you don't want to ask for such a sky-high price, I really don't believe that the Xiangjiang stock market will fall so badly, unless there is any unexpected situation again, otherwise there can be no such thing, and this contract is until the end of October, even if there is any action, it needs to be discussed, the time cannot be so short, you still say something real price." ”
Li Guangyu shouted such a high price just to bargain, and he didn't expect Shen Bi and the others to agree to such conditions.
Then Lee Kwang Woo began a tug-of-war with Shen Bi and George LaVine on the price reduction, and when it came to a stalemate, MacLehose would speak out to persuade him to ease the stalemate.
The negotiation time was quite long, lunch was also eaten at the Governor's Palace, and the negotiations continued in the afternoon, and everyone hoped that there would be a result today, among which MacLehose hoped that the Li Group and Shen Bi and others could reach this deal.
He knew very well that if the economy of Hong Kong was to improve rapidly and the stock market to be good, it was still necessary for the Li Group to increase its investment in Hong Kong and enhance the confidence of the public.
This time, when the market was closed in the afternoon, there was a very favorable news for Li Guangyu, and the Xiangjiang stock market fell below 800 points, so that Shen Bi gave up the last dispute and traded at the current closing price of 15%.
After the negotiation was over, Li Guangyu said to Shen Bi and the others: "Mr. Shen Bi, Mr. Laven, next Monday we will do it according to this agreement, and after I go back, I will arrange for Tianyu Investment Company to make a deal with your two banks, and I believe that we can complete the entire transaction on Monday morning." ”
This is the only better place than the futures market, in the futures market, to complete such a huge transaction at once, the stock market will immediately fluctuate, and this is a transaction between their securities departments, the list has not flowed into the market, and has little impact on the market.
Shen Bi said: "Mr. Li, you are worthy of being synonymous with the wealth of Xiangjiang, this time you have earned a profit of nearly 30 billion Hong Kong dollars in just two months, I just hope that your luck can always be like this." ”
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