Chapter 1496: 8.6 billion in ammunition consumed in two days

'This is only the first day of the official battle, and there is already a 35% profit, so I'm looking forward to the gains that will come later...'

After exclaiming, Wang Qicai put down the stock market report with satisfaction.

Immediately afterwards, he picked up the situation in the foreign exchange market.

The time to enter the foreign exchange market was much later than the time to enter the stock market.

However, entering the Swedish foreign exchange market now is not like Xia Yu maliciously crashing the currency exchange system of the Australian dollar and Canadian dollar as he did before. There is no need to involve currency exchange, and it is possible to use ultra-high leverage to allocate funds.

Therefore, the value of foreign exchange contracts held has reached 9.8 billion US dollars.

Compared with the global foreign exchange market, the Swedish foreign exchange market accounts for a relatively small proportion, not comparable to the Canadian foreign exchange market.

However, compared with the Australian foreign exchange market, there is not much of a difference.

The latest price is SEKUSD 0.1531, which means that the offshore exchange rate of the Swedish krona to the US dollar is 6.5189:1.

Kirin Capital started building a long position at SEKUSD 0.1520.

So far, it has bought a total of 98,000 lots of contracts, with each lot worth US$100,000, so the total value of the contract is US$9.8 billion.

However, because the margin is 1% and 100 times leverage is used, the actual margin is only 98 million US dollars.

At present, the floating profit of the foreign exchange contract is not much, only 3.92 million US dollars.

However, Wang Qi believes that soon the Swedish foreign exchange market will fluctuate violently.

Because the news that Kylin Capital has sniped the Swedish stock market has already begun to spread in the financial world.

This news will soon ferment.

When international hot money rushes in with huge funds, it will be difficult for the Swedish foreign exchange market not to fluctuate violently!

...

The actual situation was just as Wang Qi had predicted.

Over the next day and a half.

the stock market battle between Kirin Capital and the Wallenberg family directly reached a fever pitch, and many international hot money rushed in.

A large amount of capital entered Sweden, driving the local currency, the Swedish krona, to rapidly appreciate.

By Friday afternoon, just as the stock market closed,

the Swedish krona-US dollar (SEKUSD) had risen to 0.1577.

Kirin Capital also continued to buy SEKUSD contracts during this half-day period, increasing the number of contracts in its hands to 127,000.

The total floating profit of the foreign exchange contracts reached 54.51 million US dollars.

Of course.

Compared with the floating profit of the stock market, this foreign exchange floating profit is just a drop in the bucket.

February 13th was Friday, and after the market closed this afternoon, the stock market would be suspended for two days.

At the close of trading, ABB's share price had reached 38.218 Swedish kronor per share, and the company's total market value reached a new high of 43,568.52 billion Swedish kronor.

Qilin Capital's cumulative investment in the stock market also reached 21,751.08 billion Swedish kronor.

And further increased the shareholding ratio of each company.

ABB has 172.5 million shares, accounting for 15.13% of the total share capital.

AstraZeneca 62.75 million shares, 16.96% of the total share capital.

Ericsson 94.06 million shares, 14.77% of the total share capital.

Atlas Copco 149.52 million shares, 18.28% of the total share capital.

...

The total unrealised gain on all the shares held amounts to 14.5741 billion SEK.

According to the latest exchange rate of 6.3411 Swedish kronor to 1 US dollar, the equivalent US dollar floating profit is as high as 2.29835 billion US dollars.

The floating profit rate is as high as 67%!

And this battle is only the beginning!

Meanwhile.

After the stock market closed.

Peter Wallenberg, who was in charge of the Silverada Group, finally let out a long sigh, and then a deep sense of exhaustion welled up in his heart.

He leaned back in his office chair and muttered, 'I'm really getting old. Just two days of intense mental work and I'm already so tired.'

He closed his eyes for a long time to rest, and when he opened them again,

his secretary knocked on the door and came in to hand him the latest set of statistics.

After scanning the series of figures and the final capital usage, a shadow of gloom flashed in his eyes.

But in front of his secretary, he didn't say anything.

After dismissing the secretary, he picked up the phone and made a few calls, then picked up the report, left the Ingeryda Group and drove home.

Shortly after he set off for home.

Also in the city centre, but on the other side of the Stockholm Stock Exchange, André Wallenberg also waited for the required statistics and then also headed home.

It was just after 6pm.

The core members of the Wallenberg family gathered together again.

After closing the door,

Peter Wallenberg scanned the group and wasted no time in saying loudly, 'I'll give a briefing.'

'Over the past two days, we have acquired 1.87% of ABB, 1.76% of AstraZeneca, 1.61% of Ericsson, 2.96% of Atlas Copco, 2.1 1%, Volvo Group 1.66%, Saab Defence Group 1.37%, Douglas Paper Company 2.07%, Sandvik 2.96%, and SSAB 3.13%...'

After reading out the shareholding acquisitions of more than 50 listed companies in one breath,

Peter Wallenberg paused, drank some water to moisten his dry throat, and then said in a heavy tone, 'A total of 8,609.4 million Swedish kronor!'

As soon as Peter Wallenberg finished speaking,

even though everyone here was mentally prepared, they were still shocked by the figure and couldn't help but discuss it.

'How could it cost so much?'

'The day before yesterday, we counted that we had 24.3 billion SEK in liquid funds. Now, in just two days, a third of that has been used up!'

'We're under a lot of pressure...'

'...'

Peter Wallenberg, who was already mentally exhausted, felt very annoyed when he heard the noisy discussions.

He knocked on the table and raised his voice, saying, 'Everyone be quiet!'

The room immediately fell silent.

He explained, 'The key reason for the high capital consumption is that the stock prices of various companies have risen too quickly.'

'You can see this just by looking at the companies you manage yourself. The stock prices of some companies have risen 70% in two days, and many have doubled!'

'And you should know that our family directly manages and controls more than 50 listed companies, and we have a very large business.'

'Now the capital consumption is 8.6 billion Swedish kronor, and this is still after I promptly adjusted my strategy and controlled the use of capital.'

'The acquisition of equity in the ten core companies alone has cost 6.885 billion Swedish kronor.'

'The other 40-odd listed companies have only cost 1.924 billion Swedish kronor to increase our shareholding.'

'If the enemy targets these 40-odd listed companies, then with the current level of our shareholding, it is foreseeable that most of them will leave us!'

After listening to Peter Wallenberg's explanation, everyone looked at each other, understanding the difficulty of the situation and the pressure on Peter Wallenberg.

'André, tell us what you know.'

Seeing that everyone understood, Peter Wallenberg did not continue to explain, but looked at André Wallenberg next to him and said.

André Wallenberg organised his thoughts and said:

"Let me start with some figures.'

'Yesterday, the turnover on the Stockholm Stock Exchange reached 9.4 billion Swedish kronor, and today's turnover has skyrocketed to 13.2 billion Swedish kronor.'

'Prior to this, the average daily turnover in January was only 3.4 billion Swedish kronor.'

'On February 12, the turnover has been rising, and the average daily turnover was only 4.5 billion Swedish kronor.'

'From these data, you should be able to guess that after the news broke out these past two days, funds from many channels have emerged, causing the trading data to become very complicated.'

'This has made it more difficult for our exchange to monitor and analyse data, and it has also made it more difficult to keep track of Kirin Capital's movements.'

'Moreover, it cannot be ruled out that Kirin Capital has activated new unfamiliar accounts, or that the Jiuding consortium behind it has arranged other means. If the latter situation exists, then we cannot find out now.'

'From the current situation we have grasped,'

'Kirin Capital has consumed a total of nearly 3 billion Swedish kronor in the past two days.'

'So compared to what Peter just said, we were able to spend more than 8 billion in the past two days, which is actually a good thing.'

'If we continue to fight, the stock price will continue to soar, and our acquisition costs will become higher and higher in the future. It's a good thing that we can buy more stocks now.'

After listening to this, someone couldn't help but sigh, 'This analysis is indeed a good thing, but I'm afraid that our current amount of liquid funds and the speed of raising funds cannot keep up with the rate of consumption.'

Peter Wallenberg and Andre Wallenberg looked at each other and saw the worry and gravity in each other's eyes.

This is indeed a very tricky problem!