v3 Chapter 1361： Attack Wheelock

At the time when the Australian financial market was in chaos, Xia Yu finally took action on Wheelock Shipping.

Justin Kyle dragged his heels and refused to let Wheelock Shipping Company announce its earnings.

Especially because when international speculators attacked Australia, the Sydney consortium was one of the representatives of the bulls. This time, the loss was heavy and the capital chain was tight. Justin Kyle even wanted to hide.

After all, Westpac Bank was the biggest financial supporter when it acquired Wheelock Shipping.

If Wheelock Shipping Company bursts into thunder and causes Westpac Bank’s large loan loss, it will definitely make Westpac Bank worse.

It's just that all of this is under Xia Yu's control, and Justin Kyle is no more.

He thought that he could avoid it without releasing the earnings report, which was too whimsical.

And the one who did it was the well-known Jiuding Securities Research Institute of Xiangjiang.

On February 17, Jiuding Securities Research Institute released the latest securities research report, rating 16 listed companies.

Seven of them have a buy rating, five companies have an overweight rating, three companies have a wait-and-see rating, and one company has a worst avoidance rating.

It was Wheelock Shipping that received the avoidance rating.

In the report, an in-depth analysis of Wheelock Shipping's operating status and the situation and trend of the entire shipping market will be carried out, and it will be completely overwhelming.

Especially for the analysis of Wheelock Shipping’s fixed fleet value, the total value has shrunk further to around 4 billion Hong Kong dollars.

Wheelock Shipping’s losses last year plus liabilities will also be around 4 billion Hong Kong dollars.

In terms of main business, Wheelock Shipping's operating status further deteriorated.

After the rating report was issued, the market was in an uproar.

Some people suspect that Jiuding Securities Research Institute has deeper intentions, but more people dare not take a fluke and directly dump the stock.

So after the opening of the stock market.

Wheelock's share price plunged directly.

In just ten minutes, the company's stock price fell from 8.34 Hong Kong dollars per share to 7.37 Hong Kong dollars per share, and its market value fell to 10.625 billion Hong Kong dollars.

Within ten minutes, the market value had evaporated by 1.4 billion Hong Kong dollars.

And this is not the end.

At 14 minutes, the market value of Wheelock Shipping Company officially fell below the tens of billions of Hong Kong dollars and continued to rush downward.

Half an hour later, the market value of Wheelock Shipping has fallen to 8.06 billion Hong Kong dollars.

In half an hour, the market value has shrunk by one-third, evaporating four billion Hong Kong dollars!

And the stock price continues to fall, but it has slowed down, and the market panic has relatively disappeared.

Some gambling organizations frantically inquired about the movements of the Jiuding Consortium, while keeping an eye on the movements of Wheelock Shipping, and at the same time began to buy stocks in the market.

Of course, these institutions are also bought in small quantities. The main force of the real underpinning is the Tolling company that entrusts the institutions to do it.

It's just that Justin Kyle was agitated at this time, as if he was carrying a mountain on his back.

Toll previously acquired a 55.7% stake in Wheelock Shipping Company at a cost of 8.71 billion Hong Kong dollars.

This fund is already higher than the current market value of the entire Wheelock Shipping Company.

According to the current market value, Toll has already lost more than HK$4.2 billion in this investor.

That is to say, the financial support provided by the consortium’s Westpac, as well as the Barclays Bank of the Lowhill family’s ally, and the National Westminster Bank are all related. As long as it does not cause bad effects, it should be able to top Stay stressed.

It was another bank, and the phone calls were definitely coming.

It's just that the relationship belongs to the relationship. After all, paper can't contain the fire. After a long time, there will be trouble.

In particular, the National Bank of Westminster Bank, which is the farthest, the Rothschild family is just a major shareholder, unable to speak out. This is an uncontrollable factor.

Therefore, what needs to be done most now is to quickly boost the stock price of Defeng Shipping Company. This is the only way for Tolling to survive!

Justin Kyle and Myron Marjorie negotiated secretly to discuss countermeasures.

"Myron, how many people have read the company's financial report?"

Justin Kyle clutched an earnings report and said to Myron Kyle with a serious look.

Myron Marjorie thought carefully for nearly ten minutes before he said affirmatively: “President, the complete financial report has been read by only five people, including you and me, and three people in the finance department.”

"We haven't audited it with a professional accounting firm yet."

Justin Kyle breathed a sigh of relief when he heard the words, his expression disillusioned.

This unannounced financial report can never be announced now.

Wheelock Shipping's business situation last year was worse than expected.

It did not get the dividends of the five listed companies under its umbrella, and the failure to clean up other assets, so Wheelock Shipping Company's loss last year was as high as 458 million Hong Kong dollars!

Moreover, this still does not take into account the shrinkage in the value of the fixed assets of the fleet, and the selectivity is ignored.

If it is evaluated according to the research report issued by Jiuding Securities Research Institute, Wheelock Shipping Company's loss can be written as 600 million Hong Kong dollars.

"Myron, after the report of Jiuding Securities Research Institute comes out, we will continue to delay the release of the financial report, which will be very harmful. Investors need a satisfactory financial report."

For a long time, Justin Kyle said quietly.

Myron Marjorie was taken aback, then his face changed, and he blurted out: "President, do you mean financial fraud?"

Although the term is harsh, Myron Marjorie is his own, and Justin Kyle did not deny: "This is the only way!"

"Wheelock Shipping Company is valuable. If we follow our original plan, Wheelock Shipping Company will be able to get out of the quagmire, but unfortunately, our enemies will not let us have that development. Time is up."

"Our development strategy has failed!"

"So now we have to get out, UU reading will throw away the time bomb of Defeng Shipping."

"Otherwise, this loss will bring Tolling into the abyss!"

"The current situation of the consortium is not good. Australia was invaded by foreign capital. It is impossible for the consortium to give us any more financial support, but we cannot hold back the consortium!"

Myron Marjorie was silent, uneasy.

He never thought that in just a few months, he would reach this desperate point.

"President, I understand what you mean, this is indeed the best way."

"It's just that we still need to find a suitable accounting firm."

"Jiuding Securities Research Institute has issued a rating report for our company. Now the outside world has paid great attention to our company's situation, so few accounting firms dare to cooperate with us."

Myron Marjorie forcibly calmed his mind and said in a deep voice.

Seeing his confidant’s willingness to cooperate, Justin Kyle breathed a sigh of relief. He immediately said: “You don’t have to worry about the third-party accounting firm. Financial report."

"The other three people who have read the financial report, you think of a way to get them to tie up with us."

"Understood!" Myron Marjorie replied decisively.

After that, after talking in detail for a while, Myron Marjorie hurried away, leaving Justin Kyle sitting there, silent for a long time...

PS: This is the update today, I have to continue working overtime_(|3」∠)_

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