Chapter 504: Killing eight hundred people, damaging oneself three thousand

Three days have passed since Hu Yang and others returned from Xiangjiang.

During this period, the board of directors of Mingkang Communications repeatedly discussed the profit distribution plan for the previous year proposed by Hu Yang and Gao Mingkang, and finally chose a compromise method.

The company's profit distribution last year was HK$1 for every 10 shares. In other words, the company only distributed a small part of the dividend symbolically.

At the same time, the plan to give out a large proportion of shares has been temporarily cancelled.

Hu Yang originally proposed a 10-for-10 proposal, but Lu Yali was worried that the company's total share capital would grow too fast and the owners' equity would be overly diluted, which would affect the company's image.

Hu Yang thought about it and realized that her worries were not unfounded, so she reserved her opinion for the time being.

"Mr. Hu, Mr. Lu, I think we should take this opportunity to issue 10 billion Hong Kong dollars of convertible bonds, and the conversion price can be set at 35 Hong Kong dollars."

Gao Mingkang understood Hu Yang's strategic intentions. Since it was not feasible to give away a large proportion of shares for the time being, he would take this opportunity to raise more funds.

"Well, I agree with Mr. Gao's suggestion. In addition, the company can significantly increase the annual R&D expenses. In this way, we will sacrifice profits in the next two or three years, but it will lay a solid foundation for the company's long-term development.

"

The main purpose of Populus euphratica is to stabilize the stock price as much as possible, but according to the current market situation, it is difficult to do this without some substantial bad news.

Lu Yali also nodded and said: "I also agree with this suggestion. Mr. Hu, I don't agree with giving out a large proportion of shares because I think it is difficult to weigh the pros and cons of this method. As for increasing R&D expenses, although it is a short-term negative, it is

It’s a long-term benefit.”

The three major shareholders of Mingkang Communications reached a consensus, which is equivalent to forming a board of directors resolution.

Immediately, Mingkang Communications issued an announcement stating:

The company's profit distribution plan for last year was to distribute a dividend of HKD 1 for every 10 shares.

The company will issue directional convertible bonds with a scale of HK$10 billion. The term of the convertible bonds is three years and the conversion price is HK$35.

The company will significantly increase its R&D expenses this year. Compared with last year, R&D expenses will increase by 125.6%. This expense will have a certain impact on the company's performance this year. We hope investors will pay attention to investment risks.

The announcement said three things, almost every one of which was interpreted by the market as negative news.

As of the last trading day, the closing price of Mincom Communications' stock had exceeded HK$60. However, as soon as the announcement was released, its stock price fell below HK$55.

At the close of the day, Mincom Communications' closing price dropped to HK$54.10, which was a lot lower than the previous trading day.

After the market closed that day, many people in the industry began to interpret Mincom Communications’ announcement.

Most people believe that Mingkang Communications' stingy profit distribution plan, generous financing amount, and unreasonable increase in R&D expenses all indicate one thing. That is, Mingkang Communications is preparing to make a big bet on the 3G industry, even when 3G has just started.

, just prepare to make a desperate move.

Everyone knows that after Mingkang Communications has invested huge R&D costs, if it can occupy the high ground of the industry, it goes without saying that the company's future will definitely be promising.

But what if the bet loses?

Just like the 10 billion Hong Kong dollar convertible bonds issued by the company, the investor has three years. People can wait until the last moment before considering whether to convert shares. But for ordinary investors, buying Mingkang Communications at a higher price now is an ordinary investment.

It is definitely not a wise choice.

The day after the announcement was made.

Mincom Communications' stock suffered huge selling pressure, and the stock price soon fell below the important price mark of HK$50.

At this time, Guo Laosan and Guo Ziyu couldn't sit still. He immediately called Chu Liang.

"Brother Chu Liang, the trend of Mingkang Communications is not quite right. Its stock price has fallen a bit too fast, right? We didn't pick up many cheap chips at the low level. The buying price is roughly between 50 Hong Kong dollars and 60 Hong Kong dollars. On average,

The cost price is about HK$54. Now we have started to lose money, will we lose more and more?"

Chu Liang has been very anxious these past two days. He especially can't figure out why Mingkang Communications issued an announcement that seemed to have "suicidal tendencies."

As an excellent listed company, not only did you fail to bring good expectations to investors, but you also significantly lowered your profit expectations. Isn't this suicide?

Of course, he would not think that this was Mingkang Communications targeting Guo Ziyu and himself. After all, no company would do such a stupid thing as killing 800 people and losing 3,000 to themselves.

"Third Master, you have also seen that the sudden drop in the stock price of Ankang Communications is due to the announcement issued by their company. Now this stock has added a lot of uncertain factors, but my suggestion is to wait and see.

"

The current price of Mingkang Communications' stock is around HK$48, and Guo Ziyu's loss is about ten percent, which is still within the tolerable range.

"What if it continues to fall? Don't forget what you said when you encouraged me to buy this stock."

Strictly speaking, as long as you are involved in the securities market, there must be risks.

Chu Liang planned to raid Mingkang Communications this time. From planning to implementation, it should be said that there were no big problems. It’s just that he may have been too stable, or he always wanted to use shady means to attract goods at a low level, but he lost the initiative.

After international capital began to intervene in Mingkang Communications, Chu Liang couldn't wait to start chasing higher prices, from 50 Hong Kong dollars to 60 Hong Kong dollars, which significantly increased the cost of holding shares.

However, Chu Liang's response at this time was correct, and he must not mess up his position at this time. However, after all, the funds were not his but Guo Ziyu's, and the initiative in future matters was not in his hands.

"Third Master, I suggest that we continue to wait patiently. Aren't there still a lot of international capital involved in Mincom Communications? If the other party doesn't move, we won't move. If the other party starts selling, we can only admit the loss and be out.

Already."

Chu Liang hesitated and decided to fight to the end.

He always felt that there was something wrong with the announcement from Mingkang Communications, but he couldn't pinpoint what was wrong.

"I won't wait too long. If the stock price of Mincom Communications falls below 45 Hong Kong dollars, I will definitely stop the loss and exit. At that time, brother Chu Liang, don't blame me for being unkind."

Chu Liang also brought it upon himself. In order to get high returns, he encouraged Guo Laosan to deal with Hu Yang. He originally wanted to slowly absorb Mingkang Communications' stocks at a low level, but who knew that international capital suddenly stepped in and quickly pushed up the stock price.

Then he felt that he could take a free ride. In fact, the stock price of Mincom Communications was soaring all the way. As a result, Mincom Communications issued a fatal announcement.

"Third Young Master, you can't blame me entirely for what happened this time. Too many accidents happened."

Chu Liang tried his best to defend himself, but Guo Ziyu ignored it at all.

at the same time.

A photocopy of the announcement issued by Mincom Communications also appeared on the desk of the president of Google Greater China.

"James, don't give me any reasons. I just want to ask you, do you think you misjudged this company at the beginning?"

James is the person in charge of the specific implementation of this fund operation. He also does not understand the purpose of this announcement.

"No, no, I don't think I have misjudged Mincom Communication. This company has extraordinary strength in communication equipment and communication terminals. They have won a large number of base station orders in the domestic market. Moreover, Mincom Communication's first

The 3G mobile phone has been released, and it is said that the response in Europe has been very good.

As for why the other party made this huge gamble, I don't understand. In fact, there is no need for the other party to be so eager to put up all the chips. With the other party's 'Pangu System', in this 3G feast, there is no need to

You're out."

In fact, it doesn’t take many brain cells to figure it out. Once Mingkang Communications wins the bet, it will definitely skyrocket.

"James, do you think they can win?"

The president of Dahua District nodded thoughtfully and asked the last question.

"I don't know, but I think that even if Mingkang Communication loses the bet, it won't be much worse. It will only affect their performance within two or three years at most."

James shrugged and stopped thinking about the reasoning behind the announcement.

"Well, then what else do you have to doubt? James, why don't you take this opportunity to lower the stock price of Mincom Communications a little more, and then buy it back?"

The president of Dahua District smiled slightly, closed the folder with a snap, and threw it over.

James also smiled. He reached out to catch the folder and said, "This is a really good idea. I will do it right away."

After the market opened that day, Mincom Communications' stock price originally showed some signs of stabilizing at the 46 Hong Kong dollar level. But as a huge amount of selling orders were placed, surging selling orders suddenly poured out like a tide.

45 Hong Kong dollars, 44 Hong Kong dollars, 43 Hong Kong dollars... The stock price of Mincom Communications lost three small levels in a row.

Guo Ziyu and Chu Liang, who were watching the market, were instantly stunned by this scene. Guo Ziyu looked ugly when he reacted and shouted at Chu Liang:

"Quick, quick, sell it quickly. Chu Liang, Chu Liang, you have killed me."

Chu Liang didn't need to analyze it carefully. He could determine from the disk alone that this was international capital fleeing.

When things got to this point, he had nothing to say, so he could only follow Guo Ziyu's advice and start cutting people off.

Fortunately, the stock price of Mincom Communications fell too fast just now. After a round of fierce selling, the stock price of Mincom Communications ushered in a small rebound.

Chu Liang took advantage of this opportunity and sold his stocks crazily.

When the market closed, Chu Liang and Guo Ziyu settled their accounts and found that they lost a full 10 yuan for each share of Mingkang Communications stock.

In other words, in a short period of time, Guo Ziyu lost almost 500 million Hong Kong dollars.
Chapter completed!