Less than half an hour after the Ministry of Commerce's announcement, Huahong Telecom's stock price plummeted, almost catching up with Huahong Bank to become the number one stock in the red-light category.
Xing Baohua regretted missing out on a short-selling opportunity.
The main short sellers hold mostly short positions in Huahong Bank, with little capital to tie up. Using a major account to short sell would be excessive; they could manipulate stock prices to control their fluctuations.
But if your main account leverages to short your own company, and even the major shareholders don't have a positive outlook on your company, how can others have the confidence to buy your stock?
The things black accounts do are things that main accounts can't do. As for releasing stocks, it's not the right time yet. Even if they were released, given the current rate of decline, very few would be traded.
It's better to wait for a bottoming out.
The meeting with President Fraser Poulsen took place in a conference room at the Hilton Hotel.
Xing Baohua only brought Xie Yingying with him. When they arrived at the venue, they saw a lot of media, with big and small cameras and flashes everywhere.
Xing Baohua got out of the car and showed them his back. The media people behind him called his name, hoping that Xing Baohua would turn around so they could take a few pictures.
News of the meeting between the two telecom giants at the Hilton Hotel spread quickly, praising HK Telecom highly.
Compared to AT&A, it's not a giant; it's just a small fry.
In terms of scale, user base, and time accumulation, it can't catch up.
Indeed, AT&T's president, Fraser Poulsen, didn't take Huahong Telecom seriously either; he came to discuss an acquisition.
However, the main target of the acquisition was not Huahong Telecom, but Haina Investment.
Haina Investment controls Dami Technology. Dami Technology controls Dami Electronics.
They investigated thoroughly; Xing Baohua's little tricks were something they'd already mastered.
After meeting and shaking hands, Fraser Poulsen stated his purpose for coming without hesitation.
One of the acquisitions was a 30% stake in Haina Investment, valued at $100 billion, for which Xing Baohua would receive $3 million. The other acquisition was a 20% stake in Huahong Telecom, valued at $53 billion (based on the highest market capitalization of $53 billion), for which they would generously round up to $11 billion.
They specifically emphasized that it wouldn't be a combination of shares and cash. They would give cash immediately upon signing the contract.
It would be easy for AT&A to become a shareholder of Huahong Telecom. Given the current state of the stock, they could simply buy it directly from Xing Baohua, which would save them a lot of trouble.
If you want to become a shareholder, why care about the current price or how much it will rise? Just throw money at it and buy it at any price.
This person made a mistake by targeting Haina's headquarters.
Moreover, Xing Baohua is unwilling to sell his business, whether it's expensive or cheap. He is very comfortable controlling his own business. With shareholders, his shady investments would be exposed.
Far East, in particular, claims to be silent, but the investment returns have already been received. If this matter is exposed, Xing Baohua will be considered to have misappropriated the investors' funds.
Another issue is that it's not as convenient to move funds anymore. Unlike before, it's not as easy to move funds at will.
Xing Baohua told Fraser Poulsen, "I will not sell my shares in Haina Investment. As for Huahong Telecom, you have the money to acquire them from the secondary market and from minority shareholders. I think they would be happy to sell."
“We have come with good intentions, Mr. Xing,” Fraser Poulsen said.
"Your sincerity seems like kicking someone when they're down, and you have no good intentions. Mr. Fraser Poulsen, if you have no other intentions for cooperation, then I'll be heading back now."
After Xing Baohua finished speaking, Fraser Poulsen said in a somewhat threatening tone, "Mr. Xing, Huahong Telecom's stock price is unstable. If we announce that you have rejected our sincerity, Huahong's stock price will likely go even lower. We will establish a branch in Hong Kong and steal more of your customers. How will you explain this to your shareholders?"
“I don’t need to explain anything to them. Oh! Welcome to open a branch in Hong Kong. They say competitors are enemies, but I like your arrival. It gives us more competitiveness.”
"why?"
Xing Baohua did not answer the other party, but stood up and left.
As expected, it was just a waste of time. If the other party had only talked about cooperation with Huahong Telecom, then we could have discussed it.
Perhaps the two companies could collaborate to create services such as mutual information sharing and roaming.
Xing Baohua benefited from collaborating with this world's number one behemoth.
Currently, there is no interoperability service between operators worldwide, meaning that two different operators cannot send text messages to each other.
Just like back then, I can't send text messages.
Xing Baohua's rice-themed mobile phone also failed to overcome this obstacle. His rice could send text messages and pager information, but it was limited to one carrier.
Domestically, China Post still dominates. China Mobile is still in its infancy; it's a long way off.
In Hong Kong, the only facilities supporting digital signals are the signal towers and equipment rooms built by them.
If AT&T were to cooperate, they could vacate a portion of the market, but they wouldn't build their own server rooms and signal towers; they would still rely on Huahong Telecom's equipment.
The rental fee will definitely be higher. If they rented their own server room, that would be perfect. Given the nature of Americans, they won't rely on others for security.
They would build and install their own server rooms and then rent them out to others.
As Xing Baohua emerged from the hotel, the media swarmed around her, flashing their cameras several times amidst the crowd.
If it weren't for the security guards stopping the media, Xing Baohua would probably have been surrounded. Even after getting into the car, some media personnel who had slipped through the net knocked on Xing Baohua's window: "Mr. Xing, please say a few words."
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