Chapter 497: Fruitful Results
When they arrived, Wang Qi and Gavin Peter rode in the same car, and naturally, they left together as well.
Wang Qi returned with great success, and even though it wasn't his own victory, Gavin Peter was still pleased.
"Teng Dong, you are incredible!"
Gavin Peter said with admiration, giving Wang Qi a thumbs up.
Having stayed in Hong Kong for several months, Gavin Peter, though still not fluent in Cantonese, had learned some everyday actions and habits. Watching Wang Qi's high-pressure tactics against the Otori Group, and how he managed to coerce the high-level executives into submission, had been eye-opening and impressive to him.
Wang Qi laughed heartily and said humbly, "Gavin, it's just that they weren't prepared for our sudden attack. Otherwise, they wouldn't have compromised so easily. My initial plan didn't include the Otori Group, but since they greedily joined the fray, it's only their own fault that they ended up being schemed against."
"Haha!"
"That's why financial companies are both loved and hated across industries. With your help, many problems can be resolved, but if you set your sights on someone, it can drive them crazy."
Gavin Peter shook his head with a smile, reflecting on the situation.
"By the way, Gavin, if you weren't opposed to acquiring the Otori Group, I could have helped you with that. I'm actually a bit regretful that I just scared them off. We could have definitely completed the acquisition!"
Wang Qi suddenly expressed some regret.
Gavin Peter smiled and, without any regret, replied casually, "I know you could have helped me achieve absolute control, but I'm not looking to acquire the Otori Group right now."
"If it had been before acquiring the five publishers, I would have been very willing to proceed with the Otori Group acquisition."
"But now, having just absorbed five publishers, the company needs some time for internal consolidation and digestion. Acquiring the Otori Group now would be very difficult and would significantly impact the company. The Otori Group is too large; it's not easy to integrate and manage."
"More importantly, the company I manage is already the third-largest in the Japanese publishing industry, with many resources overlapping with the Otori Group. Although the Otori Group's market value has reached over 60 billion yen, only about two-thirds of it would be useful for us. Acquiring it would lead to significant resource wastage and isn't worth it."
Hearing Gavin Peter's explanation, Wang Qi nodded slightly in understanding and didn't pursue the matter further.
"Since you're not interested, then it's fine. Once your company is on track, I believe the market value of both the Ichikyo Group and the Otori Group will decline. If you're interested then, let me know, and I'll definitely assist with the acquisition!"
"Alright, I won't be polite about it!"
Gavin Peter laughed heartily, showing no pretense.
---
The Otori Group's high-level executives, feeling the sting of their losses, decided to drag the Ichikyo Group down with them, not wanting to let them have an easy time.
So, not long after, the Otori Group issued a statement, announcing the cessation of their acquisition of Ichikyo Group's shares and that they no longer held any shares in Ichikyo Group.
This statement left retail investors and institutions, who had hoped for a rebound in Ichikyo Group's stock price due to the competition between Otori Group and Ichikyo Group, stunned.
Immediately, Ichikyo Group's stock price began to fluctuate again.
Upon learning of this outcome, the Sato family trio confirmed their suspicions, sighed in relief, but also felt a tinge of discomfort.
---
Having secured the shares from the Otori Group, Jiu Ding Securities acquired a few more stocks over several days and finally accumulated the amount they had borrowed.
They then decisively stopped the acquisition and returned the shares to the borrowing institutions.
When returning the shares, the institutions' faces were all grim. After all, Ichikyo Group's market value had been almost halved, and it was understandable that they were furious.
More than one institution regretted lending shares to Jiu Ding Securities.
Of course, besides regret, these institutions were also astonished and impressed, and started to pay more attention to Jiu Ding Securities.
After returning the stocks, Wang Qi removed the financial leverage, exchanged 27 billion yen for three and a half billion yen, and also paid some of the leverage service fees.
Then, it was finally time to tally up the results.
Wang Qi was excitedly calculating the gains. By shorting Ichikyo Group's shares at high positions and buying them back at low positions, he had made a profit of 11.2 billion yen.
Then, from the share exchange with the Otori Group, although he received 5.52 billion yen in cash, this was not pure profit as some of it was principal. The profit from the exchange was a total of 2.7 billion yen.
Additionally, selling the shares of the Shinto Trading Company and the Mingchun Printing Equipment Company earned an additional 200 million yen in profit.
Thus, from this complex stock market operation, Jiu Ding Securities earned a total profit of 14.1 billion yen.
With the USD/JPY exchange rate reaching 200, Wang Qi was planning to withdraw soon.
Even at the exchange rate of 200, this 14.1 billion yen could be exchanged for 70.5 million USD, with the USD/HKD exchange rate fixed at 4.6 in Hong Kong, which converts to 324.3 million HKD.
Making such a huge profit and demonstrating power at the expense of an industry leader and runner-up, it was absolutely a tremendous success!
With such a substantial gain, and with Chairman Xia Yu present, Wang Qi naturally wanted to report his achievements and seek recognition.
After hearing Wang Qi's report on the results, Chairman Xia Yu clapped and expressed his admiration, increasingly satisfied with Wang Qi.
In Xia Yu's view, Wang Qi now displayed the demeanor of a general, having matured and become much more stable compared to when Jiu Ding Securities was first established. His abilities had also significantly improved.
Considering the short span of six months, having experienced so many trials and tribulations, it was hard not to grow!
Regaining his focus, Xia Yu advised Wang Qi, "The exchange rate for Japan is nearing its peak. Once it reaches 197, you can start withdrawing. You must completely withdraw before it drops to 195.5."
Wang Qi nodded solemnly and assured, "I will!"
Jiu Ding Securities still had 400 million HKD involved in the Japanese exchange rate operations, with 21 billion yen in principal, using 40 to 50 times leverage to leverage a total of 987 billion yen.
Such a huge number, even distributed across multiple forex banks, made a discreet withdrawal very challenging.
He also knew that Chairman Xia Yu had more funds in play, potentially leveraging over a trillion yen.
To ensure stability, Wang Qi decided to prioritize safety and aim to withdraw completely before reaching 196.
Having earned so much, it was not worth risking greater losses for the sake of one more point.
Afterward, Wang Qi left to continue working on Jiu Ding Securities' matters.
This battle had firmly established Jiu Ding Securities in Tokyo. With their reputation secured, clients would naturally seek them out, and Jiu Ding Securities had set up corresponding funds to serve the clients.
As for Xia Yu, he visited the Galaxy Fund and gave some instructions.
As they say, when luck is at its peak, good things come one after another.
Just after returning, Xia Yu received more good news.