A week later, China Gas Company officially obtained approval from the Hong Kong Stock Exchange to expand its share offering to the public by 15 million shares.
After entrusting five securities companies, including Ruitai Securities Co., Ltd., Hang Seng Bank Securities Department, HSBC Securities Department, Sun Hung Kai Securities Co., Ltd., and Bank of East Asia Securities Department, as underwriters, the stock was officially issued in Hong Kong.
At the same time, the company announced its development plan of expanding shares and increasing capital. Part of the funds raised will be used to build gas pipelines in various districts such as the Kowloon Peninsula, the New Territories, and Tai Po.
Another part of the funds will be used to purchase raw materials such as naphtha and natural gas, giving priority to replacing coal in Hong Kong Island, thereby making the environment better. This kind of clean energy is the general trend.
After the issuance, it attracted countless Hong Kong investors to buy it.
Within a short period of time, more than half of the China Gas Company shares were snapped up by the entrusted securities companies.
Just when everything was going in the right direction, a large number of accounts suddenly appeared in the stock market selling China Gas Company shares.
This caused the stock price to instantly drop from the issue price of HK$100 to HK$50, and then fluctuated back and forth.
At the same time, a lot of rumors about China Gas Company emerged.
The most widely circulated rumor is that Mo Zhexuan is insolvent and the share expansion is to repay the bank's debt, not to develop and expand the China Gas Company.
There were countless other false rumors, which instantly discouraged all Hong Kong investors. After all, three people can make a tiger, and gossip can melt gold.
Although rumors stop at the wise, for ordinary people, chasing rising prices and selling falling prices is an unchanging truth.
Mo Zhexuan knew that Jardine Matheson would definitely retaliate, and he also guessed that when China Gas Company issued 15 million shares to the public, he would definitely sell the shares he held.
But what is unexpected is that they would sell off the stocks so desperately and at any cost. The loss is not small. You have to know that Jardine Matheson originally invested a huge amount of money to get the money.
After learning the news from Wang Pengfei, he immediately called Dong Shaowen, the general manager of China Gas Company, and asked him to hold a press conference immediately.
First, explain in detail to all shareholders where the funds raised will be used, and welcome everyone to supervise. Second, make a solemn statement on my own behalf that if the rumors continue, I will sue.
At this time, in a conference room on the top floor of Ruitai Securities' office building.
Mo Zhexuan called all the senior executives together to discuss how to resolve the stock issuance crisis of China Gas Company.
If the issuance fails, Ruitai Securities, as the lead underwriter, will not only lose its reputation, but will also have to pay the China Gas Company a guaranteed loss, which is at least tens of billions of Hong Kong dollars.
"Everyone, please don't keep silent. Let's think about how to get through this difficult time."
"Mr. Mo! I think the only solution right now is to invest a large amount of money to buy the shares sold by Jardine Matheson. This is the best way to stabilize the stock price right now."
Wang Pengfei said with a frown.
"Do you think I don't want to invest now? In order to take control of China Gas, I took out a mortgage loan of nearly 2 billion Hong Kong dollars from Hang Seng Bank."
"I can't even sleep well now. The interest I have to pay to Hang Seng Bank every day is an astronomical figure. I was planning to wait for China Gas's stock to reach a high point and then secretly sell some of my shares to recoup my losses."
There was a slight bitterness on the corner of Mo Zhexuan's mouth, and his face looked extremely ugly. He really wanted to slap himself twice. Perhaps if Henry Keswick were alive, he would not be so impulsive and reckless!
"Mr. Mo! Can China Gas Company buy back some shares first?" Wang Huizhi thought for a while and asked expectantly.
"Ever since the China Gas Company reached a cooperation agreement with Australia International Mining, it has advanced a sum of money. Now the funds in the account are not sufficient. In addition, two gas pipelines are being built on the Kowloon Peninsula, so there is not much money left in the account."
After hearing this, Mo Zhexuan explained and kept thinking about ways to break the deadlock in his mind, but without funds, he could only sigh.
"Mr. Mo! How is your relationship with the top wealthy families in Hong Kong? You can ask them for support. China Gas Company is a high-quality asset."
Li Tianli thought for a while and made a suggestion. The only way now was to get support from Hong Kong's top Chinese tycoons, so that all shareholders could see the prospects of China Gas Company.
"Let me try!"
Mo Zhexuan is regretting his decision now. Ever since he became famous in Hong Kong, he has received many invitations, but he rejected them all.
One reason is that he is indeed very busy with work and has problems of all kinds every day. The other reason is probably that he attended too many parties in his previous life to attract investment, and he was instinctively tired of it.
.....................
at the same time.
Located in the Jardine House in Central Connaught Place, Central and Western District, Hong Kong.
Simon Keswick, who had just taken over as the head of Jardine Matheson, was also listening to reports from his subordinates.
"Boss! We have already sold two million shares of China Gas. At the same time, through a series of propaganda campaigns, we have completely made all Hong Kong shareholders suspicious of China Gas."
"The share price of China Gas has now fallen to HK$45 per share. I've also heard that many shareholders who bought shares from China Gas's underwriters are causing trouble at the securities company, demanding a withdrawal of their holdings."
"Do you think we should continue to sell stocks?"
A tall white man with a high nose bridge, deep eye sockets and brown hair spoke with interest.
"Stop selling, and now secretly acquire shares of China Gas Company in the stock market. Remember, no organization can discover it."
"If you're caught, you'll pack up and leave immediately. If the price of China Gas shares rises above 50 Hong Kong dollars, you'll crash the market. You'll be responsible for the specific operations; I'll only focus on the results."
A dazzling blue light flashed in the depths of Simon Keswick's eyes, and he gave orders to his men in a low voice.
"yes!......."
After hearing this, the subordinates were shocked and terrified. They never dared to underestimate the new head of Jardine Matheson again.
You know, everyone in Hong Kong now thinks that Simon Keswick is blinded by hatred and is avenging his father at all costs!
Who would have thought that this was a covert operation to deceive the outside world?
After his men left the office, Simon Keswick stood in front of the French window, gazing at the blue sky and white clouds and the tall buildings around him. Finally, his gaze fixed on a building under construction not far ahead.
His pupils shrank slightly, a flash of resentment flashed across his dark eyes, and he muttered to himself:
"Father! Please bless me and Jardine Matheson from Heaven. I will make Jardine Matheson the sole dominant force in Hong Kong again, and I will tear the traitor HSBC into pieces..."
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