v3 Chapter 1046： The final struggle of the Swire Consortium (1/2)

”Chairman, something is wrong. Our stock repurchase measures seem to have failed to reassure investors, and there are still a steady stream of selling orders.”

”The funds are consumed too fast!”

Swire Financial Corporation watched more than an hour after the opening of the market, and the speed of selling orders continued to decrease. Cedric Quincy was at a loss, and Good and Evil reported the situation to Norman Shiyahuai seriously.

Although the chairman of the board of directors has brought in 350 million Hong Kong dollars from London in the past two days on Saturday and Sunday, he still cannot make him feel at ease.

After all, as of last Friday when the market was closed, the funds in Swire Financial’s account had fallen from more than 700 million to more than 280 million.

Even if we add the 350 million Hong Kong dollars borrowed over the weekend and the 210 million Hong Kong dollars raised by related companies for equity repurchase, Swire Financial’s total account funds were only 800 million before the market opened today. More than 40 million Hong Kong dollars.

However, in just over an hour, more than 90 million funds were consumed.

According to his analysis, this consumption rate is considered to be slow. There should be two reasons. One is that the retail investors entrust securities to place orders at a slower rate. The other reason is that he does not want to face it, that is, he may still hold shares. Institutions have a tacit understanding that they are afraid that Swire Financial will not be able to digest the large one-time low-price orders, and the sharp drop in the stock price will cause more serious damage to its interests.

After hearing Cedric Quincy’s report, Norman Shiyahuai quickly asked the relevant details. The former unreservedly told the real situation and his own guesses.

After Norman Shi Yahuai listened, his brows were frowned into the word Sichuan, and his face was full of heavy colors.

”According to your judgment and analysis, how many days can the remaining more than 750 million Hong Kong dollars be supported?”

For a long time, Norman Shiyahuai asked his most concerned question.

Cedric Quincy thought about it seriously, and said in a heavy tone: ”If the current situation does not ease, the best case is to consume all funds on Wednesday.”

”The most conservative estimate is that the funds will bottom out tomorrow.”

Norman Shi Yahuai's face was as dark as pot stickers, and his mouth squirmed silently.

Seeing that the chairman hadn’t spoken for a long time, Cedric Quincy hesitated for a moment and added again: “Chairman, unless you can spend at least 3 billion Hong Kong dollars later, or reverse investors’ impression of Swire Group in one fell swoop, otherwise. Now this situation is difficult to alleviate.”

Three billion Hong Kong dollars!

It's easy to talk about it, but it's really difficult to raise so much money!

Norman Shiyahuai's eldest son borrowed a total of 750 million Hong Kong dollars in London twice, and he still took a mortgage loan of 1.8 billion Hong Kong dollars worth of assets from the British parent company.

Cedric Quincy did not know the situation, but Norman Shiyahuai knew very well that the debt ratio of the British parent company was already higher than that of the Hong Kong branch. Now he wants to borrow another 3 billion Hong Kong dollars. may!

Unless a bank or friend is willing to borrow money!

”There is no need to mention three billion Hong Kong dollars. You still think of a way to see how you can reverse the current situation?”

Hearing Norman Shiyahuai's deep voice, Cedric Quincy's heart sank, and his expression became more bitter. These days, he held meetings every night to brainstorm ideas. If he could figure it out, he would have thought it out. Why wait until now?

But if I can't think of it directly, I might attract the anger of the irritable chairman to myself.

Hearing the noise coming from downstairs, his expression moved slightly, and he said to Norman Shi Yahuai with a bitter face: ”Chairman, now investors who claim back their investment funds are blocking the door of our company every day. We have been delaying time. The patience of investors has been exhausted. I heard that some investors are ready to solve the problem through legal channels. If this problem is not solved, no matter what we think of, we will not be able to strengthen the confidence of stockholders.”