Chapter 209 It’s better not to go public

"Mr. Hu, we have less than 30 million shares left."

Yu Hongbo took the time to take a look and found that almost half of the items were sold.

"Well, it's up to you to sell as much as you can. It's best to clear it all."

Seeing that the stock price of Mingji Holding Group was on a downward trend, Hu Yang issued an order to clear the position.

This was simply a selling behavior regardless of cost. The closing price of Minji Holdings that day fell to HK$21.63, a single-day drop of more than 20%.

At the end of the day, Hu Yang had less than 10 million shares left.

The next day, as soon as the market opened, the Hang Seng Index jumped short and opened lower, directly breaking through 9,500 points. The share price of Mingji Holdings also fell below HK$20 after Yang Hu completely liquidated his position.

Zeng family.

Zeng Xiangqi's father and the directors of Mingji Holding Group are also discussing countermeasures.

"Chairman, we must have been tricked this time. The time they chose to take action happened to be when the stock price rose against the trend on the back of good rumors. In the past six months, the performance of the Hang Seng Index has been poor, and people's hearts are inherently unstable.

That’s why the opponent’s sneak attack would have such a big impact.”

"Chairman, I suggest allocating funds to quickly stabilize the stock price. If it keeps falling like this, the company's market value will be reduced by at least half, or even more."

...

The directors expressed their opinions one after another.

"Now is the wrong time to take action. The company's stock price has already formed a downward trend. You cannot blindly intervene now. If you really want to allocate funds to stabilize the stock price, you have to wait until the stock price can no longer fall. Also, go check and find out which way it is.

Money is against us?"

Zeng Xiangqi's father is in his sixties, but his thinking is clear and he is not confused by the difficulties at hand. He knows that to deal with problems, we must first find the root cause, rather than just treating the headache and treating the pain.

As a result, the shareholders and executives of Mingji Holding Group took action one after another and tried every means to start looking for the enemy hiding in the dark.

However, this wave of decline in the Hang Seng Index was fierce. It broke through 8,000 points before the middle of the month. It hit the lowest point before it started to rebound.

Hu Yang sold 40,000 short positions in Hang Seng Index futures at 8,000 points, earning 2,700 index points and a profit of HK$5.4 billion.

The stock price of Mingji Holdings has been falling, falling to HK$12 in just half a month.

The current stock market as a whole is not doing well. It is easy for stock prices to fall, but it is extremely difficult to rise.

Hu Yang told Yu Hongbo not to worry and to slowly buy back the shares of Mingji Holdings above 12 yuan.

In the end, following Hu Yang's instructions, Yu Hongbo quietly bought back 50 million shares of Mingji Holdings, with an average price of HK$14.6.

The average price of the 50 million shares of Mingji Holdings previously sold was HK$24.2, with a price difference of HK$9.6 per share. Returning the shares of Mingji Holdings to East Asia Securities Hu Yang made a total profit of HK$480 million.

So this time, including the gains from Hang Seng Index futures, Populus euphratica made an overall profit of HK$5.88 billion. Excluding interest on securities lending and various taxes, the actual profit was HK$5.85 billion.

But for the Zeng family, it was not only the shrinkage of the market value of Mingji Holdings Group, but also the plummeting stock price of the company that caused several large financings to come to nothing, resulting in huge losses.

Chen Hao also gained a lot this time, with a net income of almost 1.6 billion Hong Kong dollars, and he also helped his son.

"Come on, Mr. Hu, let me toast you. First of all, I want to thank you for taking care of Jialin, and secondly, I want to thank you for your plan to make the Zeng family pay the due price for Zeng Xiangqi's stupidity."

Chen Hao specially invited Hu Yang to have a meal. From the beginning to the end, Chen Hao acted like he was discussing friendship with Hu Yang.

Fortunately, Chen Jialin didn't come because of arm inconvenience, otherwise he might have been very embarrassed.

"Uncle, Jialin and I get along very well. If someone touches him, wouldn't it be the same as touching me? Besides, if you can make money and also hurt the Zeng family, why don't you do this kind of thing?"

Hu Yang didn't like Chen Hao very much because he was too worldly. But he was Chen Jialin's father after all, so he still fulfilled his courtesy.

As for the middleman Aqiu and Zeng Xiangqi himself, Chen Hao said he would handle it and asked Hu Yang to leave it alone.

Hu Yang couldn't control it even if he wanted to. After all, Xiangjiang was not his home court.

The 10.279 billion and 377.65 million Hong Kong dollars in the margin account were transferred back to Huijia Trading's account. After exchanging 1.32 billion US dollars, the company's US dollar account had 2.02 billion US dollars.

Ten thousand Hong Kong dollars were left in the Hong Kong dollar account.

After Xu You came to Xiangjiang, he only did a few foreign trade businesses, and the money he earned basically covered his daily expenses. It was a no-profit, no-loss situation.

Originally Hu Yang did not plan to enter and exit the Hong Kong stock market so frequently. In 1998, he only planned to make one more transaction, but now he has completed it ahead of schedule.

"We can't continue to trade Hang Seng Index futures. We don't have many time points in our memory. If we continue to trade, the risks will become more prominent."

At present, international hot money is lingering in Hong Kong. The funds of Populus euphratica seem to be quite large, but compared with others, they are really not worth it.

The current problem is that we need to find ways to invest the funds instead of leaving them idle in Hong Kong.

Of course, the money can be spent. After all, the Xiangjiang trade belongs to Populus euphratica. It is only two billion US dollars in funds. How can it be spent? This is a false proposition.

Returning to Shenhai, Populus euphratica did not return directly to Yangcheng. Instead, he booked a flight and went directly to the Magic City.

"Mr. Hu, the company's two new factories are almost completed and are expected to be put into production after the Spring Festival."

In the electronic information high-tech park in Shanghai, Hu Yang met Zhang Rulin. At this time, Dr. Zhang was very high-spirited. Xentong International had three factories and had begun to take shape.

However, compared with advanced companies internationally and in the industry, the gap is not small. Let’s not talk about process technology, just talk about yield rate. It is not on the same order of magnitude as Taipower and Intel.

There is no way to solve this problem all at once. We can only continue to increase investment and strive to catch up.

"Dr. Zhang, the current financial situation of the company is not very optimistic. Do you have any ideas?"

The semiconductor industry is a technology-intensive and capital-intensive industry. After the construction of three factories, Xentong International's funds are very tight.

Zhang Rulin smiled and nodded, and said: "I have a plan to go public within two years. The target is Nasdaq in the United States and the Hong Kong Stock Exchange."

Hu Yang remembered that in that time and space, Xintong International was listed on both Nasdaq and the Stock Exchange four years after its establishment. In other words, based on historical experience, the company still lacked funds in at least the past two years.

"Dr. Zhang, the road to listing is long and arduous. If it doesn't work, companies can still increase capital and expand shares. Moreover, I do not recommend listing on Nasdaq. If possible, it is best for companies not to go public."

Hu Yang came to Shanghai this time because he actually wanted to talk to Zhang Rulin about increasing capital and stock. It’s not that listing is not good, but when listing overseas, you will often be subject to others. For example, in the previous life, Taipower sued Chip in the United States.

After Tong International and Xentong International lost the lawsuit, they suffered heavy losses.

In fact, some very powerful domestic companies are unwilling to go public. For example, hw, wahaha, etc. have never been listed for financing.

"Increase capital and expand shares? Is Mr. Hu's financial strength so strong? Anyway, I have promised you that after the last round of capital increase and share expansion, I will no longer consider this path. After all, shareholders' funds are limited. So, I

I have given up on this idea and can only wait until the company goes public to raise funds."

Zhang Rulin spread his hands, expressing his helplessness.

Each shareholder has his or her own interests. If the capital is increased and the shares are expanded, most shareholders will probably oppose it. But it is different from going public. After the company's shares are listed, if the company's stock can be sought after by investors, the shareholders' worth will double in an instant.

"Dr. Zhang, let's try to convince them. After all, production and research and development are expensive, and the launch is still far away."

Hu Yang didn't expect to be able to convince Zhang Rulin at once, so he gave him a greeting first and waited until there was a problem with the company's funds.

"Well, I will bring it up when the time comes."

Zhang Rulin is very grateful to Hu Yang. The development of the company cannot be separated from the support of shareholders, especially the support of shareholders with financial strength.

"By the way, Dr. Zhang, you brought many of the company's technical backbones, right? I don't understand technology, but I heard that many engineers have worked at Taipower before. Will we fall into the trap of others in terms of technology?

Patent Trap?”

Hu Yang said this very tactfully, but he believed Zhang Rulin could understand.

In my memory, Zhang Rulin did not lead Xintong International to the end, but was forced to leave the company less than ten years after its establishment.

The cause of this incident was that Taipower sued Xentong International for infringement. This was of course related to the engineers who switched jobs from their old employers.

"How should I put it? It is impossible for our company to establish a production process out of thin air. We must also refer to mature international experience. However, I also told the engineers that we can learn from it but cannot copy it. We must avoid other people's patent traps. This

Mr. Hu, you are right to remind us about this matter. The company needs to strengthen supervision on this matter."

Zhang Rulin was obviously touched, and his answer was really not perfunctory.

Hu Yang felt that there was only so much he could do, remind him when he needed to, and express his position when he needed to, but he was still powerless to do the rest.

Being an investor has pros and cons. On the good side, he can make money with the help of other people's smart minds. On the bad side, he has no way to control the operation of the company, even if he knows the future.

Farewell to Zhang Rulin, Hu Yang took Han Wen and Li Jie to play in the Magic City for a few days.

In addition to looking at the surrounding scenery and going to the famous NJ Road, Hu Yang and others spent the rest of their time wandering around Julu Road.

The purpose of Populus euphratica's wandering around was not to go shopping, but to take a serious look at the "old houses" in this area.
Chapter completed!