Suddenly, so many sell orders appeared in the market, pushing the price from more than 120 to more than 90. For some small retail investors who were holding on to the Jardine Matheson Group, this was a very dangerous signal.
In addition, there are rumors in the market that Kobayashi Tenmo has really acquired 5% of the shares of Hutchison Whampoa this time and will not buy more.
Panic ignited...
Some retail investors and some slow-moving small institutions watched the price, just as they had regained confidence, turn downward again. Recalling the previous shocking plunge, their nerves instantly tensed up again. Retail sell orders began to trickle in, and the price was on the verge of falling below 90 again.
Just when the stock price fell below 90...
Something strange happened suddenly!
Lin Huowang barked an order at Gao Qiaohao: "Now, tell all accounts! No matter the price! Give all the chips that Jardine Matheson has dumped to me! Sweep up as many as you can! At a price around 90, I'll take them all! I want to see their chips disappear from the market! Then, immediately withdraw all our sell orders and replace them with high-price buy orders to quickly drive up the stock price..."
With a command, a buying force that is more ferocious and domineering than before suddenly opens its huge mouth like a giant whale lurking in the deep sea!
It ignored the increasing number of sell orders, and swallowed up the largest sell order thrown by Jardine Matheson with overwhelming force!
The buy orders were like a surging tsunami, with unquestionable momentum, swallowing up all the panic sell orders near the price of 90!
Immediately afterwards, the buying continued unabated, rising strongly against the tide! 100! 110! 120...
The huge 2% sell order of Jardine Securities quickly melted away like thin ice under the scorching sun in the face of this unreasonable buying frenzy!
The exchange erupted in uproar once again. The retail investors, who had just been frightened by Jardine Matheson's sell-off and were about to flee, were completely stunned.
An old stock investor stared at the V-shaped reversal of the time-sharing line on the screen with wide eyes, muttering to himself: "Here we go again? It's Kobayashi Tenwang. Kobayashi Tenwang is still buying desperately? Isn't it...didn't they say it was 5%? The rumor is false?"
A middle-aged white-collar worker nearby stared at the ever-increasing price and frantically cancelled his recently placed sell order: "Cancel! Cancel the order quickly! Damn it! I've been scammed!"
The panic quickly receded, replaced by a wave of greed. Buying began to surge, with more people choosing to wait and see or even chase the rising prices.
Driven by the strong funds from Lin Huowang, the share price of Swire Properties not only completely recovered the decline caused by Newbigin’s second sell-off, but also surged upwards in an even more unstoppable manner!
130...132...even began to test the historical high of HK$135!
The door to Newbigin's office was flung open again! This time, James, who rushed in, had lost all color in his face, leaving only a look of despair.
"It's over! It's all over!" He practically collapsed against the doorframe, his voice hoarse as a broken gong. "President! Our 2%... we just listed it at around 90, and in less than half an hour... it was all... all gone! It seems like they've been waiting for this price for a long time! They're buying up at an even faster rate than before!"
Then all our stock was sold out, and instead of falling further... the price immediately shot up. "Now it's... almost to 136!" He pointed at the latest price list on the table, his fingers shaking like leaves in the wind.
"Bang!" The cigar in Newbigin's hand slammed heavily on the expensive mahogany table, sparks flying and leaving a charred mark.
His entire face was contorted, his handsome features now horrifying, his previous composure completely shattered. "What?! The price has skyrocketed to 136? And our 2% was sold at an average price of around 90? This... is a difference of over 40 yuan per share!"
He looked at the price curve that was rising straight up like a sword drawn from its sheath, his eyes bloodshot!
His carefully designed trap and bait not only failed to achieve the intended effect, but instead became a weapon aiding the enemy! In just two rounds of operations, Jardines sold 4% of its Hong Kong shares at an average price of around 90. The first 2% was not fully repurchased, resulting in a net sell-off of 1.5%. Combined with the second 2%, the total buyback was only 0.5%, a net reduction of 3.5%!
A chill instantly shot up from Newbigin's feet to his skull! Chips! A fatal loss of chips! He suddenly flipped open the documents in front of him, his fingers trembling as he pulled out the most confidential shareholding report within Jardine Matheson Securities.
Jardine Matheson Holdings Limited's shares in Hong Kong Land Development held through Jardine Securities, net of any pledges to banks:
Original shareholding: 7%
First operation: Sell 2% -> Remaining 1.5% Buy back 0.5% -> Total remaining 5.5%
Second operation: Sell 2% -> Remaining 3.5%
Total net reduction: 3.5%, leaving 3.5%
The funds raised from the two sell-offs were only HK$250 million, which is a huge loss compared to the current stock price of over 135.
If you want to buy back your original shares now, you will need at least 400 million Hong Kong dollars.
A huge, cold "3.5%" is like a blood-red seal, imprinted in the eyes!
It was also deeply imprinted on Newbigin's heart! Not counting the 20% stake pledged to HSBC, he actually held less than 5%.
"Asshole! Fuck!"
Newbijian roared furiously, losing all his composure, and swept the ashtray on the table to the ground, making a loud shattering sound!
His wishful thinking completely collapsed! Not only had his bait been taken, but his underwear had also been snatched away! He needed cash now, a huge amount of cash, and then he had to seize the opportunity to buy back at a low price and stabilize the stock price! Otherwise, if Kobayashi Tianwang announced that it had reached or exceeded 5%... the stock price would plummet again, and HSBC's HK$60 stop-loss line... Newbijian's heart was beating wildly, almost bursting out of his chest!
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