章節 321: Chapter 321: Too Early to Be Happy
The situation is like two flowers blooming on separate branches.
After returning to his family, Charles Kessick reported the situation in detail to his father, John Kessick, and requested a cash injection to stabilize the market.
John Kessick, 62 years old, has two sons: the eldest, Henry, and the younger, Charles.
Old John took over the position of family patriarch from his cousin. Under his leadership, the Yihe Consortium thrived and expanded rapidly after its 1961 listing, solidifying its position as the foremost British-funded consortium in the Far East.
Unfortunately, while Old John was exceptional in his youth, he was known for his romantic escapades. He only had his first son in his middle age, and although he is only 61 years old now, his health has been deteriorating for the past five or six years.
His two sons are not yet capable of taking on significant responsibilities. Old John, having his own selfish desires, did not want to pass the family head position to anyone else but hoped to choose a successor from his two sons.
To prepare for the future, Old John placed his most trusted aides in key positions within the Yihe Group and other core enterprises, while he managed operations remotely, focusing on his health and waiting for his sons to mature enough to take over.
Although he no longer personally manages the businesses, Old John is well-informed about the internal affairs of the Yihe Consortium.
He had determined early on that the air cargo industry in Hong Kong held great potential, which led him to invite the Hong Kong governor to a banquet. Through secret negotiations, he secured exclusive operating rights in the air cargo sector, resulting in the establishment of the Yihe Air Cargo Station.
Hearing his younger son's report, Old John, accustomed to facing significant challenges, maintained a calm demeanor and asked, "How much funding do you need?"
Charles Kessick thought for a moment and said, "The company still has 14 million in internal funds. Before I came, I had arranged for additional funds from other board members, so I think 50 million should be enough."
Charles then looked at his father expectantly.
Old John shook his head slowly upon hearing this. Just as Charles felt a pang of disappointment, Old John said, "You're thinking too simply. Don't rely on other board members; depending on others is foolish. I'll allocate 100 million in funds under the name of Yihe Pacific to be deposited into the cargo station company's account, and instruct the company to purchase stocks. We'll publicly announce a stock buyback, understood?"
"Additionally, contact other shareholders to acquire their stocks!"
Charles Kessick was both thrilled and confused, not understanding why his father was making things so complicated. He opened his mouth to ask, but Old John interrupted him with a shake of his head, saying, "Go back to the company now and do as I've instructed. Report any special situations immediately. The funds will soon be deposited into the cargo station company's account."
"Understood, Father!"
Charles Kessick nodded respectfully and quickly left the room.
As soon as Charles Kessick left, Old John picked up the phone and dialed a number: "Hello, this is John Kessick. Please immediately transfer 100 million…"
After hanging up the phone, Old John's murky eyes became sharp. He sensed a conspiracy.
He was well aware of Jiuding Securities and the newly rising Chinese tycoon, Xia Yu. Old John knew the power Xia Yu wielded in the stock market.
When Charles reported earlier, he suspected Jiuding Securities was involved, and Old John had instantly confirmed it was indeed Jiuding Securities.
A sense of crisis overwhelmed him, a reflex honed by years of business experience. He knew there was still danger.
Old John speculated about Jiuding Securities' motives and objectives but couldn't be certain. However, he believed it was unlikely to be as simple as stock suppression or short-selling.
Currently, Yihe Pacific holds 35.85% of the stocks in Yihe Air Cargo Station, and Yihe Pacific is wholly owned by the Kessick family, so this percentage is equivalent to the Kessick family's share.
This percentage is only average for controlling the company. The safest approach would be to increase the shareholding to over 50%.
Yihe Air Cargo Station operates as a dominant entity, with other board members holding only a small percentage of shares. Including other shareholders' stocks, the entire board controls about 49% of the shares.
Old John understood the complexity of human nature. Given the temptation of money, the possibility of board members betraying him was high. Therefore, the safest approach was to have absolute control.
This is why he decided to use Yihe Pacific's actual name for the stock acquisition and allocate 100 million to ensure success.
After all, 35.85% is still 14.15% short of the 50% control line. If the worst-case scenario occurred, Yihe Air Cargo Station's stock price would likely soar, and 50 million might not be enough.
He knew Jiuding Securities had just raised 600 million Hong Kong dollars!
Such a large sum poses a significant threat!
"I hope the worst does not happen…"
Old John sighed deeply, leaned back in his chair, and closed his eyes.
---
Charles Kessick, filled with excitement, hurried back to the company and encountered a grim-faced Barton Hardman concluding a press conference.
After exchanging brief updates, Barton Hardman sighed in relief and said quickly, "Charles, time is tight. I've already contacted the securities company. Let's hurry over there."
When Charles and his team arrived at Eddie Securities, President Eddie immediately welcomed them and said, "Mr. Barton, Mr. Charles, hello!"
"Charles, this is Eddie Roman, the founder of Eddie Securities!"
Fearing that Charles might not recognize Eddie, Barton Hardman made the introduction.
"Hello, Mr. Eddie! I appreciate your assistance this time!"
Charles Kessick shook hands with Eddie.
"No need to be polite; it's my duty!" Eddie replied courteously.
After some pleasantries, Eddie promptly led Charles and Barton to the trading area, explaining the details along the way.
"We are all set and just waiting for your funds. The stock price has dropped to 9.12 Hong Kong dollars per share. If we don't act now, given the opponent's pressure, it could fall below 9 Hong Kong dollars within five minutes!"
"How much funding have you prepared? Do you need leverage?"
"No need for leverage; the funds are on the way. 100 million is definitely sufficient!" Charles replied decisively.
Eddie was momentarily stunned, then showed admiration and respect in his demeanor.
Seeing Eddie's change, Charles felt a surge of pride.
To be cautious, he chose not to use financial leverage, as it required additional procedures and time. He wanted to act immediately and deal with the opponent thoroughly!
Soon, the funds were in place. Charles and Barton exchanged a glance and immediately said, "Start!"
With Charles' order, the prepared staff quickly placed buy orders.
Charles Kessick clenched his fist, displaying a confident smile.
Unfortunately, Charles Kessick was too early to be happy. Within less than two minutes, after buying less than ten orders, the stock price began to rise. The increase seemed to be accelerating. Just as Charles was about to smile with joy, he noticed Eddie Roman frowning deeply. Charles couldn't help but feel a pang of unease.
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