Chapter 1016: A full clearance sale to raise funds!

The Jiuding Consortium and the Taikoo Consortium are at war once again, and it has even covered all of the Taikoo Consortium's listed companies.

This battle is more intense than the previous battle over Taikoo Airlines.

Any stockholder or institutional investor with a brain understands what this means.

As a result, thanks to this news, investors' enthusiasm for investment skyrocketed, and trading volume in the entire stock market began to skyrocket.

The major investment institutions had already transferred funds abroad to earn interest differentials, but after judging that the stock market would at least skyrocket in the short term, they immediately began to withdraw funds back in, while also mobilising funds to enter the market.

The surge in trading volume and the influx of large sums of money directly caused the HSI, which had opened lower, to rise, easily recovering lost ground and continuing to rise.

This was exactly the scene Xia Yu was happy to see.

He was happy, but Norman Shiawei, who was in the Swire Group for a week-long board meeting, was furious.

His anger could not hide his panic. He directly announced the end of the meeting even before it was over, and told the heads of each company to immediately return to their respective companies to take charge, and do their best to recover payments and raise working capital.

He himself quickly rushed to the Swire Finance company in Central, Hong Kong Island.

At this critical time, the only one who can resist and fight back the fastest is his money bag, Swire Finance.

The president of Swire Finance is Cedric Quincy, 57 years old, who has been in the financial market for more than 30 years. He is an elite among elites and Norman Shiawei's right-hand man.

When Norman Shiawei arrived at Swire Finance, Cedric Quincy was busy arranging the actions of the staff.

'Cedric, what's the situation?'

Norman Shiawei asked anxiously.

Because of the urgency of the situation and the fact that Jiuding Securities had caught him off guard, Cedric Quincy was a little flustered and had to speak quickly to give Norman Shi Yaohui the general situation.

'Chairman, it has now been confirmed that Jiuding Securities is simultaneously acquiring shares of our existing listed companies on the market, and the acquisition is very strong and the attitude is very firm.'

'I'm sorry, before you arrived, I had already mobilised funds to join the stock grab.'

'At present, because other investors and investment institutions have also intervened, the situation is very chaotic, and it is very difficult to grab stocks. The best way is to speed up the listing speed and significantly increase the purchase price to grab stocks.'

Knowing that Cedric Quincy had arranged the operation in advance, Norman Shi Yawei was slightly relieved. Sure enough, Cedric did not fail at a critical moment.

'Well done!'

encouraged Cedric Quincy, Norman Shi Yawei immediately asked, 'How much liquidity does the company have now?'

Cedric Quincy's face became solemn, and he hurriedly replied, 'Chairman, I just had someone count it. After urgently suspending all investment plans, the company's current liquidity is only 325.27 million Hong Kong dollars, and this still includes funds after leveraging.'

'In light of the current turbulent situation, this amount of money is too little and won't last long!'

Norman Shi Yawei's face looked very bad. This amount of money was indeed too little. If it was used to acquire Swire Pacific's shares, with the market situation described by Cedric Quincy, it would be impossible to acquire even 5%!

Currently, the Swire Group and the Shi Yawei Family Fund together only hold 51% of Swire Pacific's shares. Without obtaining more than 66.7%, if the Jiuding consortium entered, it would be enough to stir up trouble and turn Swire Pacific into a mess.

In a situation where you are competing with Jiuding Securities, assuming you can snatch up another 15.7% stake, it would cost at least 2 billion yuan!

Not to mention there are so many other listed companies!

The 320 million yuan in liquid capital is useless!

We must raise funds as soon as possible!

After just a few seconds of thinking, Norman Shiawei ordered Cedric Quincy, 'Cedric, the market should have been stimulated by now, and more and more capital will definitely enter the stock market in the next few days. The market will definitely be very chaotic. You must immediately sell all the stocks of non-group companies and recover the funds to seize the equity of our affiliated companies!'

Sidric Quincy's face changed, and after a moment of hesitation, he said solemnly, 'Chairman, the real amount of our own capital is only about 750 million Hong Kong dollars, and the investors' funds are about 1.64 billion Hong Kong dollars, which adds up to less than 2.3 billion Hong Kong dollars.

'Then the leveraged funds are about 4.3 billion Hong Kong dollars.'

'Because the action plan of Jiuding Securities Company is still uncertain, if we sell off the stocks of other companies for cash and use all of it for the company stocks of our group, the funds will be highly concentrated, and the risk will increase by several levels.'

How could Norman Shiyahui not know this?

But at this point, the fastest and best solution was this one, with fewer constraints. As long as after the acquisition of the shares, the companies affiliated with the Swire group could maintain a high stock price and prevent it from falling, then there would be no risk of a margin call, and investors would not panic and demand a return of their funds.

The Swire financial risk was high, but Norman Shiyahui judged that the risk was worth taking!

After all, in this situation, it would be extremely difficult for him to borrow funds from the bank, and he would have to put up huge assets as collateral. What's more, the bank association had just announced an interest rate hike, so the cost of his borrowing would be much higher!

'Do as I say!'

Norman Shiyaohuai said with a stern face and decisive words, without listening to Cédric Quincy's opinion.

He had already clarified the risks, but since the chairman still decided to do it, Cédric Quincy could only carry it out.

'Understood, I'll get someone to do it now!'

After that, Sidric Quincy double-checked the employees' acquisition operations and quickly went to mobilise other employees to carry out the work of clearing out and cashing in.

Norman Shi Yawei then went to check the stock prices of various listed companies on his own.

When he saw that the opening price of Swire Pacific shares today was HK$13.1 per share, and now, in about an hour, the stock price had risen to HK$15.2 per share, an increase of 16 points.

The market value of Swire Pacific shares had also risen to HK$6.84 billion.

Although it is still more than one billion short of the peak market value of over 80 billion a few months ago when Swire Pacific Airlines was taken over, with this rate of growth, it is only a matter of time before the market value recovers and reaches new heights, and he reckons it could happen tomorrow.

Normally he would be very happy, but the more the stock price rises, the more agitated he feels.

He suppresses his agitation and continues to look at the situation of other companies.

Swire Pacific Warehouse Company...

Swire Pacific Shipping Company...

Swire Pacific Industries Group...

...

The stock prices of every listed company have skyrocketed, with the lowest rising by 12 points in the past hour.

He asked the trader about the acquisition situation again and learned that it was very difficult to grab shares before, because the market was quite chaotic, with buy orders of different prices being placed at random, occasionally with sell orders, and the quantities were also uneven. Sometimes there were so few that they could be gobbled up by other institutions in one go, and sometimes there were so many that even after filling the buy orders at the corresponding price, there were still some left over, but just as he was about to place a sell order, someone else had already grabbed them.

But fortunately, he had just authorised a buy order, so he could sharply raise the purchase price to grab the shares.

However, this also had a significant drawback: it would further stimulate the market, causing the share prices of all companies to rise even faster. After all, they were not making a profit from the middle price of the trade, but only buying and not selling. If the price got too high, they would be the ones to suffer in the end.

But at this point, what could they do?

They had to drink the slow-acting poison. Whether they could seize the antidote before they died from the poison depended on their abilities!

Before long, Cedric Quincy returned again. After Norman Shiawei had once again given him some advice, he was given full authority and then hurriedly left for HSBC.

Cedric Quincy was able to stabilise the stock market for the time being, but it was too difficult to acquire shares from the secondary market. He had to take over the shares held by the major shareholders as soon as possible, as this was the cheapest and fastest way to succeed!

Since Taikoo Financial is also located in Central, less than 100 metres from HSBC, Norman Shi Yaohuai quickly arrived at HSBC.

It so happened that he met an acquaintance in the elevator, and the news he heard from him made him feel like his butt was on fire.

The people from Jiuding Securities Company are here and are currently negotiating with the chairman Shen Bi and others!

After asking where the meeting was taking place, Norman Schiawai got out of the elevator and walked quickly towards the location, while praying in his heart...