novelonline Chapter 991: It’s not a deep hatred, but I’m angry
Chapter 991: It’s not a deep hatred, but I’m angry
Chapter 991: It’s not a deep hatred, but I’m angry
The Peninsula Hong Kong.
"Then it's settled. If Haoran Technology has the opportunity to be listed on the Hong Kong stock market in the future, I'll have to ask Mr. Liu to take care of the IPO."
Qin Hao escorted a middle-aged man in his fifties out of the room.
"Okay, okay, Mr. Qin, please rest assured that the 15 billion Hong Kong dollars will be in place within three days. Our Citibank will definitely satisfy Mr. Qin in terms of service and fees."
General Manager Liu, who is half American, said with a smile.
After seeing Manager Liu off, Qin Hao closed the door and walked to the window, looking at the night view of Hong Kong in the distance and stretched lazily.
This is his third day in Hong Kong.
During these three days, he met with the general managers of major banks and pledged 50% of his Haoran Technology shares to obtain a loan of US$2 million, which is equivalent to approximately HK$15 billion. This money was his bargaining chip to leverage Yang's Real Estate.
As of the close of Hong Kong stocks three days ago, the market value of Yang's Real Estate fell by 9.3%, leaving a market value of HK$108.8 billion.
The mainland's real estate control policies still have a great impact on mainland real estate companies listed on the Hong Kong stock market. Coupled with the central bank's recently announced interest rate hike policy, the share price of Yang's Real Estate has been shaky under the heavy blow.
"All is ready except for the opportunity."
The next day, at 9:30, Hong Kong stocks officially opened.
The share price of Yang's Real Estate fell slightly, but soon some small sell orders were eaten up, and it had little impact on the share price of Yang's Real Estate.
At the same time, Yang's Real Estate also released good news and announced its third-quarter financial report. According to the report, Yang's Real Estate's overall turnover in the third quarter was HK$35 billion, and its quarterly profit reached HK$2.8 million, which is a very good result and quickly stabilized market confidence.
In the next two days, the share price of Yang's Real Estate indeed rose against the trend. Although the rate of increase was not too fast, the fact that it was able to achieve such results in the overall environment of a sharp decline made Yang's Real Estate gain considerable attention, and some Hong Kong investors began to try to buy this stock.
This also directly led to the market value of Yang's Real Estate not only returning to the HK$120 billion mark, but also showing signs of moving to a higher level.
However, a week later, when the market value of Yang's Real Estate rose to 140 billion Hong Kong dollars, negative news about Yang's Real Estate began to appear in some Hong Kong tabloids. These news reports revealed that Yang's Real Estate's third-quarter financial report was falsified, and the actual sales and profits were not as much as announced in the financial report. They also pointed out some other violations of Yang's Real Estate.
Although these newspapers are all tabloids and the circulation of each one is not too large, the number is large. Some investors began to waver when they saw this. Confidence is a very fragile thing and can be gone in an instant. For small investors, any disturbance is enough to make them run away early.
So, after a week of rising, Yang's Real Estate experienced a sharp drop, from its peak market value of 150 billion to 101 billion Hong Kong dollars. The decline still looks quite scary.
Qin Hao had already taken the opportunity to exchange the 15 billion Hong Kong dollars in his hand for "chips". He had previously fueled the trend and helped Yang's Real Estate to rise for a week, and then released rumors to suppress the stock price, just to cash out at a high price and buy at a low price at the same time.
After this transaction, Qin Hao made a full profit of 3 million Hong Kong dollars. Of course, his main goal was not to make money, but to block Yang Real Estate.
Seeing the stock price plummet, Yang Real Estate was busy refuting rumors while raising funds to support the market at any time.
However, it is not so easy to dispel rumors. Hong Kong stock investors actually do not know much about mainland companies. Once a preconceived impression is formed, it is difficult to reverse it. Moreover, it cannot be said that Yang's Real Estate's financial report is without any problems. In fact, the financial reports of listed companies cannot withstand careful scrutiny. If there are no problems, everyone pretends not to see them. But if they are exposed, it is not so easy to cover up the problem.
When the market value of Yang's Real Estate fell below HK$100 billion, Yang's Real Estate had to announce a stock repurchase plan to calm investors' emotions.
With the announcement of Yang's Real Estate's HK$5 million repurchase plan, Yang's Real Estate's share price did see a wave of increases, but most investors are still taking a wait-and-see attitude.
What made Yang's Real Estate feel even more uneasy was that after the completion of the HK$100 million repurchase plan, the market value of Yang's Real Estate still hovered around HK$100 billion, and would occasionally fall below HK$ billion. This suddenly gave Yang Zhenhua, the helmsman of Yang's Real Estate, an ominous premonition.
Just as he expected, when the Hong Kong stock market opened the next day, the share price of Yang Real Estate plummeted, falling 6% in just one hour. A large number of sell orders in the market had no one to take them, which caused market panic. A large number of retail investors no longer had the mind to hold on to their money and wait and see, and hurriedly began to sell at low prices and cut their losses and leave the market.
In just one morning, the market value of Yang's Real Estate fell below the 80 billion Hong Kong dollars mark, which made Yang Zhenhua uneasy. Yang's Real Estate went public in Hong Kong to raise funds. For this purpose, he pledged a large number of Yang's Real Estate shares in exchange for cash. Once the share price of Yang's Real Estate fell below the safety line, it was necessary to make up the margin to the financial institutions, otherwise the financial institutions would sell them for their own interest. At that time, not only would Yang's Real Estate be lost, but he would also owe huge debts.
At this point, Yang Zhenhua had no choice but to bite the bullet and raise funds to buy back shares to save the market.
Little did he know that during this process, Qin Hao completed another round of turnover, and the previous 18 billion Hong Kong dollars became 25 billion Hong Kong dollars. After that, Qin Hao began to buy a large number of Yang Real Estate stocks in the market, exceeding 5% in just one day. According to Hong Kong stock regulations, a placard announcement is required.
Only at this moment did Yang Zhenhua realize who his opponent was. It was not that he was uninformed, but that Qin Hao was too unfamiliar with the Hong Kong stock market.
After raising the placard, Qin Hao had no more scruples and began to compete with Yang Zhenhua for Yang Real Estate's shares in the stock market.
Yang Zhenhua was unsure for a moment whether Qin Hao wanted to fight for the control of Yang's real estate, or just wanted to take advantage of the opportunity to make a fortune.
However, Yang Zhenhua soon understood Qin Hao's intention, because in just two days, Qin Hao's shares in Yang's Real Estate had accounted for 23.2% of the total shares, making him the second largest shareholder of Yang's Real Estate. As long as he was allowed to acquire another 6.8% of the shares, he could launch a full takeover offer.
Yang Zhenhua was now completely panicked. Once Qin Hao launched a full takeover offer, he would most likely lose control of Yang Real Estate. This was not the scariest thing. Over the years, his bribery of some officials' families through the Yang Group would also be exposed. By then, not only Yang Real Estate, but all of the Yang family's industries would be affected.
Yang Zhenhua had to find Qin Hao through an intermediary.
"No need for polite words. Just tell me what you want to talk to me about."
Yang Zhenhua was surprised at Qin Hao's youth, and at the same time he was puzzled: "Boss Qin has a grudge against the Yang family?"
"There are some grudges, but it can't be considered a deep hatred." Qin Hao said lightly.
Yang Zhenhua was even more puzzled: "If it's not a deep hatred, why are you targeting Yang's Real Estate like this?"
"Because I want to see if your son Yang Cheng can still be as arrogant as before after he loses the halo of being a rich second-generation." Qin Hao said this and got up and left without paying attention to Yang Zhenhua's reaction.
Only then did Yang Zhenhua realize that it was his beloved son who caused the trouble, so he called Yang Cheng and scolded him. As a result, Yang Cheng was also full of complaints against his father, and the two sides started arguing on the phone. Naturally, Yang's mother stood on her son's side and scolded Yang Zhenhua.
"Just protect your precious son. Let me tell you, the Yang family is going to be finished soon. You guys should wait to be finished too!"
Having said that, Yang Zhenhua did not intend to surrender. He raised funds everywhere to compete with Qin Hao in the stock market. However, after several rounds of long and short selling, Qin Hao had much more cash flow than Yang Zhenhua. Half a month later, he still acquired the remaining 6.8% of Yang Real Estate's shares from some small shareholders.
As Qin Hao launched a full takeover offer, the remaining small shareholders of Yang Real Estate also turned against him. After the board of directors' resolution, Yang Zhenhua was removed from the position of chairman of the board of directors of Yang Real Estate, and Qin Hao was elected as the new chairman of the board.
After Qin Hao took control of Yang's Real Estate, he immediately conducted an internal audit and discovered that Yang Zhenhua and his family members had used Yang's Real Estate to conduct many shady operations. As the evidence was transmitted back to the mainland, the Yang family also faced a comprehensive investigation, and Yang Zhenhua himself was restricted in his personal freedom. Awaiting him were six major charges including fraudulent issuance, financial fraud, insider trading, etc., and it was Yang's Real Estate that sued him.
After this battle, Qin Hao became famous in the Hong Kong financial circle and was nicknamed the "Little Sniper of Hong Kong Stocks". As for the title of "Sniper", it was naturally the nickname of the female star harvester "Da Liu".
What’s interesting is that when Qin Hao was looking for a buyer for Yang’s Real Estate, “Big Liu” actually came to him on his own initiative.
"Boss Qin, since we're looking for a buyer anyway, why not just sell it to me?"
Qin Hao was a little curious: "Mr. Liu is also optimistic about mainland real estate?"
"Of course. In fact, I started investing in the mainland in 98. The asset scale in Chengdu alone exceeds 100 billion, and Yang Real Estate does have a lot of high-quality assets. Why not do a profitable business?" Liu said with a smile.
"I am a little curious, why did Mr. Qin go to so much trouble to gain control of Yang's Real Estate, and now he wants to sell it?"
Qin Hao said seriously, "It's mainly because I don't have enough energy. To work in the real estate industry in the mainland, you need to deal with people from all walks of life, and I don't have such connections. In addition, Haoran Technology has already involved most of my energy. I really don't have the energy to spend on dealing with various relationships."
Liu Da had no doubts. He had inquired about Qin Hao's information before coming. In his opinion, Qin Hao, who used the Internet to quickly complete primitive accumulation, still lacked foundation.
But he really admired the fact that Qin Hao was able to recognize himself after the great victory.
"Then hand over Yang's Real Estate to me. I promise to give you a satisfactory price."
"Then I wish us happy cooperation."
When he left Hong Kong, Qin Hao had an extra $3 million in his Huaqi Bank account. The Haoran Technology shares that had been pledged previously had all been released. In addition, the funds raised from the general tender offer had also been fully repaid.
This means that Qin Haochun earned 3 million US dollars from this trip to Hong Kong.
……
Beijing, Beiqing Canteen.
"Hey, have you heard? Yang Cheng's family has fallen apart."
"Who is Yang Cheng?"
"Who else could it be? The playboy who drives a Bumblebee and picks up girls at school all day long."
"Oh, it's him. I heard that he changes girlfriends almost as fast as he changes shoes. He deserves it. Let him show off."
Xu Lin listened to the discussion of the girls at the table behind him and subconsciously looked at Xie Qiao.
Xie Qiao hesitated for a moment, but couldn't help but turned around and asked, "Classmate, what did you say happened to Yang Cheng just now?"
"Hey, that scumbag's family went bankrupt, and the sports car he was driving was towed away."
"That's right. It is said that he was pursuing a girl downstairs of the girls' dormitory at the time. Many people saw it and took pictures and posted them online."
I returned to the dormitory and looked through the posts on the Shuimu Beiqing Forum.
Xu Lin said in an incredible tone: "Yang Cheng's family is quite wealthy, but they went bankrupt just like that."
"It seems that this business is quite risky. Should we remind Lao Qin and Qian Xi to be less radical?"
"Xie Qiao, what are you thinking about?"
Xie Qiao shook his head: "Nothing, I was just wondering why Yang Cheng's family suddenly went bankrupt."
"Didn't the post say it all? Their family used bribery to gain a lot of illegitimate benefits and was liquidated," Xu Lin said casually.
Xie Qiao frowned for a long time, and suddenly asked: "Do you think it has something to do with Lao Qin?"
"Lao Qin? That shouldn't be the case. Didn't Lao Qin go to Hong Kong?"
"But, doesn't the post also say that the Yang family has a listed company in Hong Kong?"
Xu Lin was dumbfounded: "You mean, Lao Qin bankrupted Yang Cheng's family just to vent his anger on Qian Xi?"
"I...I was just saying it casually." Xie Qiao also felt that this idea was too bold.
Villa complex in Xicheng District, Beijing.
In the Yang family villa, Mother Yang was sitting on the sofa in a dark cloud, and the furniture around her had been covered with dust covers.
Yang Cheng rushed in angrily and yelled at the law enforcement officers: "What are you doing? Who let you into my house?"
"Sir, please do not interfere with our duties..."
Before the law enforcement officer could finish his words, Yang Cheng pushed him away. Seeing this, Yang's mother hurried forward to stop him.
"I'm sorry, my son is a little agitated. He and I will move out immediately."
Yang Cheng yelled at his mother, "Mom, what happened? Why was our house sealed off, and my car was towed away? What happened?"
"Our family is bankrupt. Xiao Cheng, you will have to live a hard life for a few years. But it doesn't matter. Mom will find a way..."
Yang Cheng's legs went limp and he collapsed to the ground. "How could we go bankrupt? Isn't our family very rich? Why did we go bankrupt? Where is my dad? Where is he? I need to find him and ask him clearly. He promised that my quality of life would not change."
"Your father...has already gone in."