In the conclusion column on the last page of the research report, there is a bold line of words:
"Henglong Group has completed the strategic transformation from a Real Estate Development merchant to an investment holding platform.
The current share price only reflects its recognized book value, and the Fair Value revaluation of hidden assets will provide further upward flexibility to the share price.
Maintain 'Buy' rating."
Zhao Chen read the research report from beginning to end, and the light from the mobile phone screen reflected on his face.
Outside the window, the New York winter night was fading, and a very light gray-white layer appeared at the end of the Manhattan skyline.
Su Wantang came out of the room and put a coat on his shoulders.
"Lawyer Lin, the final version of the 13D declaration is ready. Friday will submit it after the market closes."
Zhao Chen turned the phone over and placed it on the table, looking at the skyline that was lighting up outside the window.
The annual report forecast of Henglong revealed that the stock price has gone from 40 Hong Kong Dollar to 49 Hong Kong Dollar, and the market value has gone from 22.4 billion to 27.4 billion.
The market finally understands the transformation of Henglong.
But this is just the beginning.
The revaluation of hidden assets will push the stock price forward, and Era Vanguard's 13D declaration will push the identity of Nvidia's largest institutional shareholder into the spotlight.
From waking up in Shan City Zhengfa University's classroom to now sitting in Manhattan's hotel Suite watching Henglong's stock price move to 50 Hong Kong Dollar - this road has been going for more than two years.
Nowadays, the incident of Henglong can hardly make him feel excited anymore.
Previous Life It is a mountain that has been pressing down on him.
The memories in prison were engraved in his bones. On the first day of his rebirth, he knew what he was going to do -
Take back Henglong and remove those who once pinched him one by one from Chessboard.
From Short Selling Henglong Holdings, Detention Center forced the palace to take away 15% of his father's shares, Board of Directors bloodbathed Lin Wanqing's old department,
To help Su Wantang get divorced and become independent, and to completely control Henglong, he settled the debts Previous Life owed him one by one.
In this life, he handed over a perfect answer sheet. The unwillingness and resentment that once bit him late at night,
When the Henglong stock price exceeded 40 and 50 Hong Kong Dollar, it suddenly became very light.
When obsession is still there, you feel it is more important than life.
After it disperses, you can't even tell when it dispersed.
New York time January 11, Friday.
There is nothing unusual about the US Stocks disk on this day.
Opening Price of Nvidia is one hundred and forty-eight US Dollar, and it fluctuates within a narrow range between one hundred and forty-six and one hundred and fifty US Dollar throughout the day.
Trading Volume is slightly higher than the average level of the previous five trading days, but not significantly higher.
On Bloomberg Terminal, the time-sharing line of Nvidia draws a lazy curve, like an old man who is not interested in any news.
The traders of Wall Street drank the last cup of coffee of Friday, and their minds had already flown to the weekend in advance.
Only Lin Shicheng doesn't have it.
In the New York office of Era Vanguard, three Bloomberg Terminals were on at the same time, and the transaction details of Nvidia were scrolling on the screen.
Lin Shicheng is sitting at the head of the conference table, with three documents spread out in front of him-financing statement, position summary table, and 13D declaration draft.
His tie was half loose, his shirt cuffs were rolled up to his forearms, and his fingers were tapping rapidly on a calculator.
There were two traders and a compliance officer in the room. No one spoke, only the clicking of keyboards and the crisp sound of calculator keys.
The total position of Era Vanguard on Nvidia is completed in two stages.
Phase One, after Nvidia Financial Report plummeted in November last year, we used one-to-one leverage to open positions--
The principal is 1.68 billion US Dollar, and the financing is 1.68 billion US Dollar, totaling 3.36 billion US Dollar.
That batch of funds entered the market in batches when Nvidia's market value was below 90 billion US Dollar, buying about 22 million shares at a weighted average cost of about 152 US Dollar.
Phase Two, Tesla Equity pledge financing.
It is pledged in four batches, each batch is 750 million US Dollar, totaling 3 billion US Dollar principal.
According to the one-to-one leverage, three billion US Dollar are allocated for a total of six billion US Dollar.
This batch of funds began to enter the market during the Selling Pressure window period when SoftBank was cleared in December last year, and continued until the last batch of small and medium-sized orders were completed yesterday.
Approximately 43 million shares were purchased at a weighted average cost of approximately 143 US Dollar.
The total of the two stages is a total investment of approximately 9.36 billion US Dollar, with a total position of approximately 65 million shares, accounting for approximately 10.8% of the total share capital of Nvidia.
The comprehensive weighted cost is approximately one hundred and forty-four point five US Dollar.
Tesla The four batches of equity pledge funds were all in place as early as two weeks ago.
The last batch of purchases was made that afternoon.
More than a dozen small and medium-sized orders were scattered in three different channels, totaling less than 5 million shares.
It was these five million shares that pushed Era Vanguard's shareholding ratio from 9.99% to above the 10% red line.
An'an Jingjing in the office.
Lin Shicheng picked up the 13D declaration draft and turned to the first page.
Schedule 13D--Return of Beneficial Ownership.
SEC regulations stipulate that any person who holds more than 5% of the shares of Listed Company shall
If the purpose is not passive investment, or the shareholding exceeds 20%, or - the shareholding exceeds 10% -
You must submit the 13D within five working days.
Era Vanguard's shareholding has exceeded 10%.
Five working days start from today.
"No need to wait. Submit tonight."
The compliance officer raised his head and glanced at him.
According to Wall Street's practice, 13D declarations are usually submitted on the fifth working day in order to give the declarer enough time to improve the wording, coordinate all parties, and prepare for public relations.
But Lin Shicheng is an old lawyer who has lived in Wall Street for twenty years, and he knows better than anyone else -
When your position has exceeded 10%, it is safer to submit early than late.
By filing early, the SEC sees a confident, above-board long-term Strategic Investment player.
By filing late, the SEC sees a secretive speculator rushing to meet the deadline.
At 8:17 p. m., Lin Shicheng's mouse hovered over the SEC's EDGAR Electronic Filing System.
He read the 13D declaration from beginning to end again.
The applicant is Times Pioneer Capital, the registered place is Cayman Islands, and the beneficial owner is--
He used a multi-layer Offshore Structure, and the top-level controller information was strictly hidden behind several layers of SPV.
The number of shares held is approximately 65 million shares, accounting for 10.8% of the total share capital of Nvidia, making it the largest institutional shareholder of Nvidia.
The purpose of the application is to "recognize the company's long-term value and seek constructive communication with the company's management on strategic development."
It is clearly stated that it does not seek to change the company Control, does not seek Board of Directors Seat, and does not intend to exert any influence on the company's daily operations.
The source of funds is its own funds and compliant leverage financing.
There is no concerted action agreement or private arrangement with any director, executive officer or other shareholder of Nvidia.
The moment the mouse clicked, EDGAR System popped up a line of green prompts: The application was submitted successfully.