"Mr. Dong, I am now grateful to Mr. Liang for sternly rejecting my unreasonable request. Otherwise, I am the one who is crying without tears. I never thought that Peregrine's assets have deteriorated to such an extent. I'm sorry, Mr. Dong, but there is nothing I can do! "
Sun Jian received a call from Chief Dong in the morning asking him to help Peregrine, but he politely refused!
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"Sun Jian, do you have any requests? We can discuss it."
Soon, Leader Zhu called. He was also worried about the consequences of Peregrine being forced to liquidate, but it was impossible for the mainland to pay for a troubled private company in Xiangjiang. This hole should not be opened!
"Chief, with the sharp depreciation of the Indonesian rupiah, it is said that Peregrine still holds about 7 billion Hong Kong dollars in Southeast Asian bonds. It would be good to realize 5 billion Hong Kong dollars now. Whoever invests in Peregrine will suffer a big loss! Last month, Liang Zhongtao came to Jiangcheng and regarded me as a substitute for Peregrine's investment by the Zurich Group of Switzerland and the First National Bank of Chicago. I did not follow the moral principles of the world. Even so, I planned to help Peregrine once, but Liang Zhongtao and William Du bought me 51%. Treated his shares as taking advantage of the situation, and his good intentions turned into a donkey’s liver and lungs! I told Liang Zhongtao directly that injecting capital into Peregrine would not be of any benefit to HTIC Securities Company! After Peregrine is forced to liquidate, I can invest in a full acquisition of Peregrine, at least with less money $200 million!"
Sun Jian told the truth that after the successful IPO of ATIC Securities, he was no longer interested in acquiring Peregrine whose assets had deteriorated.
Make every effort to build ATIC Securities into a world-class securities company!
"Sun Jian, we know that you will suffer a loss if you acquire Peregrine. However, Peregrine was forced to liquidate and was exploited by international hot money. This not only caused the Hang Seng Index to plummet, but also affected the reputation of the Xiangjiang International Financial Center. If you have any requests, just put them forward. ?」
When Leader Zhu heard Sun Jian's complaints, he knew there was something going on. As long as Sun Jian took action, Peregrine would not be forced to liquidate and would be full of vitality.
[In view of the general environment,
"Since Leader Zhu persuaded me to acquire Peregrine, I promise that at a premium of 16.3% based on Peregrine's closing price of HK$4.3 on the 8th, Peregrine will publicly issue more than US$400 million to HTIC at a price of HK$5 per share. stock, HTIC will hold 51% of the total share capital of Peregrine after the public issuance, and control Peregrine. I promise not to change the name of Peregrine Investment Group, and continue to retain management and ordinary employees such as Liang Zhongtao and Du William. My There is only one requirement: the Hong Kong Monetary Authority agrees to issue the banking license that Peregrine Investment Group has applied for many times, and I can make Peregrine reborn from the ashes!"
"Sun Jian, thank you. I will give you an answer immediately after discussing with Chief Dong!"
Leader Zhu also knew that Peregrine Investment Group had repeatedly applied to the Monetary Authority for a banking license to operate deposit and loan businesses. Although Peregrine’s hardware and software met the requirements for operating banking business, the Monetary Authority had never given Peregrine a license to operate deposits and loans. The purpose of issuing a banking license was to worry that Peregrine’s investment would be too radical and cause serious trouble. The outbreak of the Peregrine incident confirmed that the HKMA’s worries were not unnecessary. However, Sun Jian, the world’s richest man, controls Peregrine. There is no need to worry.
"Thank you, chief!"
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January 9th.
Peregrine remains suspended.
The Hang Seng Index opened at 8971.7 points, opening 282.8 points lower. The market rose to 9073.9 points. News came out that the Japan Corporate Bond Research Institute downgraded Peregrine's long-term debt rating to B level! Selling orders surged out, and the market reached a low of 8721.1 points. Funds rushed in to rebound in the late trading. The market closed at 8894.6 points, down 629.9 points for the whole day, a plunge of 6.61%!
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On the morning of January 10, the Japan Public Bond Research Institute downgraded Peregrine’s long-term debt rating from BB- to B, one step away from junk-rated bonds!
Fortunately it is the weekend, otherwise the Hang Seng Index would plummet again!
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On the morning of January 11, the Japan Public Bond Research Institute announced that it would downgrade Peregrine’s long-term debt rating from B to
to C.
There is news in the market that Peregrine will be forced to liquidate on January 12.
Upon hearing the news, Xiangjiang stock investors were on the verge of crying, as if the sky was falling.
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At 5:30 pm on January 11, Peregrine Investment Group issued an announcement on the platform of the Hong Kong Stock Exchange. The company’s board of directors voted to pass an important resolution. HTIC will invest US$408 million to control Peregrine Investment Group. Peregrine Investment The group publicly issued 632.4 million ordinary shares to HTIC at HK$5 per share, accounting for 51% of the total share capital of Peregrine Investment Group after the public issuance.
After review and approval by the Hong Kong Monetary Authority, the Hong Kong Monetary Authority issued a banking license to Peregrine Investment Group to operate deposits and loans on January 12.
The shares of Peregrine Investment Group continued to be suspended from trading on the 12th and 13th, and shares were publicly issued to HTIC, and normal trading resumed on the 14th.
There are twists and turns, and there is a bright future!
Ha ha……
The investors who saw Peregrine's announcement for the first time suddenly burst into laughter, completely ignoring the shocked expressions of those around them.
The richest man in China finally takes action!
Xiangjiang stockholders were immersed in joy.
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Monday, January 12th.
Affected by the news that HTIC controls Peregrine, the Hang Seng Index opened at 9152.8 points, opening 25@ points higher. Under the pressure of profit taking and unwinding, the market dropped to 9025.46 points. The main bulls began to exert their strength and broke through 9100. There were three important points, 9200 points and 9300 points, and finally closed at 9342.6 points, up 448 points or 5.04% throughout the day, a huge surge in volume!
Xiangjiang stockholders rejoice!
Sun Jian learned the news immediately and smiled bitterly. Is artificially changing the trend of the Hang Seng Index a disaster or a blessing?
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On January 13, the Japan Public Bond Research Institute announced that it would upgrade Peregrine’s long-term debt rating from C to BB-.
The Hang Seng Index closed at 9497.7 points on the 13th, an increase of 95.1 points, or 1.02%.
-----
On the evening of January 13, Peregrine Investment Group announced that it has completed the public issuance of 632.4 million ordinary shares to HTIC at HK$5 per share. HTIC has injected US$408 million into the company and holds 632.4 million ordinary shares of the company. , accounting for 51% of the company's total share capital, becoming the company's largest shareholder.
After voting by all directors of the board of directors, Mr. Sun Jian, chairman of HTIC, was elected as director and chairman of the company, and Mr. Wang Dongming, president of HTIC, was elected as director and vice chairman of the company. After being nominated by chairman Mr. Sun Jian, director Mr. Liang Zhongtao was elected as CEO of the company. , director Mr. William Du is the president of the company.
The company's recent main task is to clean up historical bad debts and bad debts, and withdraw a one-time provision for bad debts of HK$32.32. It is predicted that the company will lose HK$2.77 billion in 1997. Peregrine Bank plans to open on February 18. The company's operating activities are all normal. Thank you. Investors are advised to pay attention to investment risks.
The stock will resume trading on January 14.
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On the 14th, Peregrine's stock price opened at HK$5.88, opened higher by HK$1.58, and rose to HK$6.05. Under the pressure of profit taking and arbitrage, the stock price dropped to HK$5.38. The main bulls took action, with 100,000, Buying orders for 200,000 shares poured in regardless of cost, and the stock price reached a maximum of 6.68 Hong Kong dollars. There were profit-taking orders at the end of the day, closing at 6.28 Hong Kong dollars, up 1.98 Hong Kong dollars for the whole day, or 46.05%. The trading volume increased by 224%, and the volume was heavy. Skyrocketing!
