Chapter 797: The Battle for Huifeng!

Hong Kong Stock Exchange!

In VIP Room No. 1, Li Yi sipped his tea while listening to Pang Feiyan’s report.

After Pang Feiyan had gone over the basic information regarding the listed companies affiliated with the British Capital Group, Li Yi slowly set his teacup down on the table beside him.

Then, in a cool tone, he said, “So, 36 member companies of the British Capital Group are listed on the Hong Kong Stock Exchange?”

“That’s correct. These 36 listed companies are all core members of the British Capital Group with strong financial standing. Even the weakest among them has a total market capitalization exceeding 4.8 billion Hong Kong dollars, while companies such as Huifeng (Long Live the Great Crab God) and Standard Chartered have market capitalizations in the tens of billions,” Pang Feiyan replied.

Li Yi remarked indifferently, “In that case, we made the right choice coming here today!”

Pang Feiyan immediately asked, “Boss, are you really planning to take action against those foreigners right now?”

“Why not?”

“It’s not that we can’t, but aside from the funds, we haven’t investigated the actual conditions of these companies yet. One misstep and we might end up paying a fortune for junk assets!” Pang Feiyan said.

“What if our target is Huifeng Bank?” Li Yi asked.

“Boss, you… you’re going to go after Huifeng?”

If she hadn’t known just how bold this young boss was, Pang Feiyan would have truly thought she’d misheard him.

Over the years, there have been those who’ve set their sights on Huifeng Bank, but without exception, they’ve all failed.

It wasn’t that they lacked ability or money; it was simply that no one could shake Huifeng’s position.

“What’s the matter? Is that not allowed?”

After a moment’s thought, Pang Feiyan replied, “Boss, when Sister Xinyi left, she told me never to question your decisions, and I’ve always followed that advice.”

“But if your target this time is Huifeng, I still want to advise you: this company is different from others. Even if we’ve prepared 60 billion Hong Kong dollars, it’ll be very difficult to shake this company!”

“Why?”

“Because they stand above the rules!” Pang Feiyan said solemnly.

However, Li Yi replied calmly, “Those are their rules, so they can flout them at will. But when it comes to my rules, they might not have the guts to do the same…”

Just then, a young man rushed in, pushed open the door, and whispered a few words into Li Yi’s ear.

Li Yi’s lips then curled slightly upward as he addressed Pang Feiyan and the others: “Those foreigners are here. Let’s move!”

Pang Feiyan saw that Li Yi was dead set on taking drastic action against Huifeng Bank. She immediately steeled herself and shouted, “Yes!”

“Manager Pang, there’s still an hour until the market closes. Start building a position immediately to acquire Huifeng’s publicly traded shares. You must secure 5% of Huifeng’s shares before the market closes!” Li Yi ordered.

“Yes!”

With that, Pang Feiyan hurriedly led her team out of the VIP lounge…

……..

Meanwhile, directly across from VIP Room No. 1, where Li Yi was located, Dolsons and his team had just settled into VIP Room No. 9.

Upon receiving word that Li Yi had arrived at the Hong Kong Stock Exchange, they had cut short their internal meeting and rushed over.

But before they had even settled into their seats, they received news that sent shockwaves through the group: Li Yi had made his move!

No one had expected Li Yi to target Huifeng Bank—with a market capitalization nearing HK$20 billion—right off the bat.

Before anyone could react, the team from Star Investment launched a massive buying spree for Huifeng’s publicly traded shares.

This was no hyperbole—it was a genuine buying spree. Whenever someone sold, Star Investment would buy, regardless of the price.

As the largest commercial bank on Hong Kong Island, Huifeng is undoubtedly one of the few high-quality companies currently listed on the Hong Kong stock market, so there are indeed quite a few investors holding its publicly traded shares.

Where there are buyers, there are sellers, and the more frantic the buying, the higher the sellers dare to ask.

Driven by this dynamic, in less than an hour, Huifeng Bank’s share price soared from HK$14 to HK$18, a gain of over 25%.

With the Hong Kong stock market currently in a bear market—unlike the previous bull market when investors were living the high life—Huifeng’s soaring share price quickly caught the attention of many.

When it became known that the acquirer of Huifeng was none other than Starry Company, many instantly realized that Li Yi was about to make Huifeng his first target.

It is often said that there are no secrets in Hong Kong’s business world. Many have witnessed firsthand how the British-owned conglomerate has been acting with impunity and provoking the Chinese Chamber of Commerce in recent times.

Now that Li Yi of the Chinese Chamber of Commerce has made his triumphant return, he certainly won’t pretend nothing has happened. It’s safe to say a fierce battle is on the horizon.

Some investors with exceptionally keen instincts have already sensed the smell of blood and have begun to move, rushing in to snap up shares.

Everyone has anticipated that once Starry Sky makes its move, Huifeng Bank will inevitably fight for shares to retain control of the company.

Under these circumstances, Huifeng’s stock price will skyrocket in the short term, likely stabilizing only after the two sides have fought to the bitter end.

With the battle just beginning to take shape and plenty of room for the stock price to rise, retail investors are charging in with great fervor.

Meanwhile, upon realizing that Li Yi’s target was none other than Huifeng Bank, Dolsons and his team couldn’t help but gasp in shock.

Without hesitation, they immediately ordered their trading teams to follow suit, engaging Li Yi in a fierce battle for the market’s floating shares.

With that, the battle for Huifeng shares had officially begun!

With so many looking to take advantage of the chaos—everyone knew Huifeng Bank’s stock would be profitable in the coming days, or even months—they all threw themselves into the fray without restraint. As a result, no one knew exactly how many players had entered the game.

But everyone could see that, amid the fierce competition from multiple forces, Huifeng Bank’s stock was soaring like a roller coaster!

Fortunately, it wasn’t long before the market closed. When the closing bell rang, Dolsons and the others breathed a slight sigh of relief.

However, when they learned that Huifeng’s stock price had soared to HK$22 per share, everyone’s spirits—including Dolsons—plummeted.

Under normal circumstances, a rise in a company’s stock price would be an unquestionably positive development.

After all, it means the company is favored by investors, that its performance is strong, and that shareholders’ wealth is increasing.

But now, the rise in the stock price was clearly abnormal—it signaled the aggressive entry of a corporate raider.

Under these circumstances, the situation was quite different.

The higher the share price, the greater the capital required to compete with the other side for shares. Given that they clearly had less capital than their opponents, this put them at a significant disadvantage.

Therefore, immediately after the market closed, Dolsen convened a meeting with everyone, including Huifeng and other companies, to discuss a counterstrategy.

They had long known that Li Yi was sitting on a massive amount of capital this time—he might not make a move at all, but once he did, it would be a thunderous strike.

But they never imagined that this young man from the mainland would be so bold as to dare to target Huifeng.

This was no longer a simple business struggle; it was tantamount to desecrating their ancestral graves.

Compared to other companies, Huifeng was undoubtedly the core of the British-owned conglomerate; its existence was even more crucial than that of Jardine, Swire, and Kadoorie combined, because Huifeng controlled the issuance of the Hong Kong dollar.

It could be said that Li Yi’s move struck directly at the British-owned conglomerate’s Achilles’ heel, leaving them with no choice but to respond.

However, what Dolsons and the others could never have imagined was that, just as Li Yi was actively igniting the flames of war on the Hong Kong stock market, a massive sum of funds from Star Investment was being converted into British pounds through the Far East Club’s secret channels and transferred overseas.

All of this was carried out in complete secrecy; not only was the outside world unaware, but even within Star Investment, only a handful of people knew.

The entire situation was shrouded in mystery…

………