Rebirth in Hong Kong: Rising from Acquiring the Audi Factory

Protagonist: Bao Junyi

【Industrial】 【Business Warfare & Schemes】 【Stock Market & Finance】 【Military Industry】

Bao Junyi arrives in 1972.

Bao Junyi transmig...

Chapter 66: Billions of dollars in dividends, what can you use to short sell!

Miracle Group did not have much cash flow in its company account, only a few hundred million US dollars, but they did not know that Bao Junyi had a backup plan.

Bao Junyi said, "Michael, notify everyone to hold a press conference for Miracle Games tomorrow morning."

"Boss, are you ready to take action now?"

"Yes, Christmas is coming soon and the gifts are ready to be given out."

"Hahaha, this gift is incredible. They won't be able to sleep for the next few days."

Bao Junyi looked at Michael who turned and left, and said with a smile: "The war is about to begin!"

Located in a conference room in the Morgan Building on Wall Street, USA.

The three of them, Patriarch Keswick, Patriarch Lauren, and Morgan family butler George, were sitting at the round table.

The Keswick patriarch said, "Bao Junyi's cash flow must be insufficient right now. He has already repaid the loans from HSBC, Standard Chartered, and Morgan Bank."

"Furthermore, through bribery, they learned about Miracle Group's financial accounts and found out that they only have a little over $700 million. They no longer have the ability to fight us."

The Lauren family patriarch said, "Don't be careless. He already tricked us at the Audi factory in Europe. He's a cunning little fox. No one can be sure until he makes his final move."

"What are you afraid of? The strength of our three companies is clear, and there are so many institutions on Wall Street. How can we lose?"

"Then why hasn't Miracle Games' stock price fallen below our expectations yet? Moreover, why is there more foreign capital entering the market?"

"The main reason is that the three of us haven't put our full efforts into it yet. Otherwise, those speculators who want to get a piece of the pie or take a gamble will not be able to do so."

Morgan's butler George said, "Well, I've received news from my master that Bao Junyi arrived at Wall Street last night. It seems he's ready to fight us."

"Otherwise, Miracle Group has such good profits every quarter, but they haven't released a single announcement or taken any preventive measures, allowing the outside world to suppress them."

"Yeah, I'm also wondering why it's so easy for us to short sell, and Miracle Games didn't put up much resistance at all." said Chief Keswick.

"Humph, it's nothing more than dividends or increasing shareholdings. Such operations are nothing compared to absolute strength."

"Bao Junyi has already decided to distribute dividends and has also informed several shareholders of the company's profit data. Moreover, there is no need to refuse dividends. The boy now has controlling rights." Morgan's butler George said.

"What? If good news comes out, the stock price will definitely go up." Chief Lauren said nervously.

"Don't worry. The reason we didn't use our full strength before was to reserve some strength. Wasn't it to prevent emergencies?"

Morgan's butler, George, continued seriously, "Let's wait and see what happens and wait for him to make his move. We've already reserved sufficient funds and ammunition for a major war."

However, in the afternoon.

On Wall Street in the United States, there is heated discussion because of Miracle Games' press conference tomorrow. In just a few months, Miracle Games' stock price has fallen from US$255 per share to US$39 per share today. Everyone is discussing what action Bao Junyi from Hong Kong will take.

In the afternoon, Bao Junyi met with Julian Robertson in a relatively private place in a corner cafe on Wall Street.

"Robertson, how are your preparations going?"

"Boss, even though we've returned the shorted shares, our long position is only over a billion dollars, less than half of our total position."

Bao Junyi thought for a moment before saying, "If that's the case, then stop building long orders and wait for my news. Then buy up stocks directly in the secondary market. I want to force a short squeeze, and it's best to squeeze them out."

"Boss, is this too cruel?"

"If they do this, they will soon be liquidated, and even owe the bank a large sum of money after the liquidation."

Bao Junyi said with murderous intent on his face: "No poison, no hero. Since we are already enemies, we must kill them."

"Robertson, there's an old Chinese saying, 'Strike while you're sick.'"

Robertson was speechless for a moment. Although he didn't know the full meaning, he probably understood the literal meaning.

"Boss, I understand. I'll wait for your news for a decisive battle."

"Well, hire some people, investigate some promising companies, and conduct angel round investments. Also, keep an eye on companies like Apple and Coca-Cola. If you have the money, try to get as many shares as possible. However, their original team cannot leave. You can handle the details."

"Boss, I understand what you mean about investing in some promising companies. As for the two companies you mentioned later, I haven't heard of them."

"That's fine. Hire some professionals to help you conduct market research. Let me know if you find any information about the two companies."

"OK."

The two chatted for more than two hours in this small 50-square-meter cafe.

Bao Junyi also prepared for the last step.

The next day.

Inside the Miracle Games conference room in the Wall Street Building, USA.

Due to office space constraints at the branch office, only a few major media outlets were invited to attend the press conference.

In addition, the heads of several major financial management, insurance and fund institutions on Wall Street were also invited to attend the press conference.

At 7:58 in the morning US time, reporters, media and responsible persons had basically arrived.

The host opens the show in front of the stage and announces the participating journalists and media, as well as the relevant invited guests.

Five minutes later, it was Bao Junyi's turn to appear.

Bao Junyi, wearing a high-end tailored suit, walked towards the press conference stage, exuding the pride and confidence of a young man.

"Ladies and gentlemen, welcome to the press conference for Miracle Games."

"This press conference is about Miracle Games' stock price, which has plummeted over the past few months, even being cut in half again and again."

"This is a short-selling campaign targeting Miracle Games. Miracle Group and Miracle Games strongly condemn this short-selling behavior."

"Also, in response to malicious short selling, the stock price is severely undervalued. I have decided to invest $100 million to increase my shareholding."

"boom!"

The reporters, media and some large institutions in the audience were surprised. Miracle Games was being maliciously shorted. What effect could taking out 100 million US dollars have?

Some institutional bosses murmured inwardly, "Can your 100 million US dollars really bring the company back to life?"

Bao Junyi ignored him and continued, "According to this year's annual report, Miracle Games made a profit of over $1 billion, a total of $1.032 billion. In the first half of the year, they made a profit of $486 million, and in the second half of the year, they made a profit of $546 million."

"Furthermore, it has been decided to set aside $232 million for the company's reserves next year and $800 million for year-end dividends."

boom!

Boom!

Everyone at the scene was stunned. At the end of the 1970s, there were only a handful of companies that could pay out 800 million US dollars in dividends. Moreover, the stock price was over 100 US dollars per share.

The eyes of the institutional leaders present were gleaming, far exceeding expectations. They had predicted that with the pressure from the three families, profits would definitely decline, perhaps even be halved. "It's the first day of December, and I'm begging for votes to urge updates. Thank you brothers for your continued companionship and support! You are the author's greatest motivation!"