September 1, Manhattan, New York, with a wide intersection of walls and streets.

A Citibank executive, Mr. Gibson, was nervously prepared to welcome an important guest whom he was looking forward to.

Gu Ao's Cadillac Viagra, Lincoln's convoy slowly stopped downstairs of Citibank headquarters. Then, accompanied by a group of bodyguards and individual female secretaries, Gu Ao quickly walked into the building.

"Gu, I'm very happy to know you. We have fully understood the kindness you expressed in the fax. We hope that both sides can reach a pleasant cooperation." Gibson did not dare to wait in his office, but went to the lobby downstairs to greet him. As soon as he saw Gu Ao, he greeted him with a smile on his face.

During the advance reservation communication, he received limited information, which seemed to be that Tiankun Group was interested in Wang'an Computer's pledged equity.

Although there is no quote in the phone and fax, it only conveys the initial intention and has to be interviewed, which is enough to make Gibson secretly happy.

With this US stock market crash, there are already five or six large companies with large equity pledges on his hands. According to the entire Citibank default customers, there are nearly 20. (The other customers are not under his charge of Gibson)

Wall Street cannot draw enough trusted reorganization candidates and supervision energy to ensure that every pledge collapse company is reorganized as expected by the financial industry. In this critical moment, it must be difficult to give up the difficulty and make the big move.

If Gu Ao is willing to take over and offer a reasonable price, it would be great. Gibson can breathe a sigh of relief, throw away an extra hot potato, and concentrate on solving other difficult cases.

Just as Gibson was full of expectations, Gu Ao also spoke positively, but his tone and expression responded calmly:

"I also look forward to the achievement of cooperation, so, isn't this what I'll come when my subordinates analyze the interests and feasibility of this with me?"

"Uh... Actually, we have been in a relationship with Wang An for more than a month. Mr. Gu must be busy with everything and didn't notice it in time." Gibson was a little embarrassed and had to disclose the timeline with his tracks.

Gu Ao's speed seemed to be not as eager as he was, but was procrastinating and dispensable.

Gibson is also a good person. He heard Gu Ao specifically mention the timing issue, so he knew that Gu Ao wanted to lower the price.

Gu Ao is trying to set off the atmosphere of "I'm not in a hurry, I can buy if I have something to do. If there is no discount, I don't care. Anyway, your family has been arguing for more than a month and haven't found a buyer yet", breaking down the expectations of the seller's market and making it a buyer's market.

Faced with Gibson's response, Gu Ao did not avoid explanation: "It's not a big deal to deal with every day. You are young, and you always have a lot of things. Recently, I accidentally got killed with the women around me. I'll deal with it. Just let go of this small business worth hundreds of millions of dollars."

Gu Ao made his indifference in his understatement: Wang An bought it if he had to, but in my heart, this matter was not as important as a woman.

As the two chatted like this, the elevator had already reached dozens of floors and arrived at Gibson's office. In the office, a F from Citigroup led a financial assessment team to participate in the negotiations.

Obviously, when it comes to cashing out equity worth more than one billion US dollars, Citibank must also pay attention to the extent that it allows F to go into battle in person.

Gibson helped introduce: "This is Mr. Ronald from our Citibank, and this is Gu of Tiankun."

"Nice to meet you."

"Nice to meet you."

...

After some vain and condemnation with the external conditions, Gu Ao stopped the other party's continued dispute and prepared to go straight to the point.

"Those additional conditions will be discussed with my lawyer and Mr. Peterson of the Blackstone Fund. My time is not here to tell you these." Gu Ao cleared his throat and seized the initiative in the topic.

"I'll just give a quote. Your company's 45% share pledge of Wang'an Computer Company. According to the current price of Nasdaq today, it is more than 370 million US dollars, right? Well, in the plan that Mr. Peterson handed me to me a few days ago, the market price of this part of the equity is still 390 million US dollars, and it seems that there is still room for a decline.

But I don’t care how bad Wang An is. I think I have a certain confidence in the transformation from decay. Of course, only I can save it. At present, no one else in the industry can find.

I'll just give you a 25% to 30% premium for privatization. I'm willing to pay $500 million to acquire the 45% pledge of Wang'an Computer shares you have. Similarly, this premium ratio also applies to other existing shareholders of Wang'an Computer.

If they are not convinced that the company's business strategy and strategic direction after the future control belongs to me, or feel that if I have no future as a boss, they can sell the equity at the same price, and I will charge as much as I can."

Faced with this offer that obviously made Citi unwilling, Mr. Ronald refused before Gibson could speak:

"500 million US dollars? Gu, you should know that this is just a robbery in the stock market crash. The current market price is irrational. It is a product of the herd effect in a state of extreme panic. It is a serious underestimation! If we are willing to sell 500 million US dollars, there will be a chance to leave a month ago.

But it is precisely because our Citibank initially gave the pledge $1.5 billion in cash, if we can't even recover half of it, we might as well take a gamble to reorganize. We have now hired Wall Street Legend Edward Miller to take over Wang An's computer.

You probably don’t know, even Mr. Wang An himself agreed to this city alliance! Do you think you only spend 500 million US dollars, will we cash out?"

"You can't even take back half of it, so you are willing to continue betting? Then how much do you want to be satisfied? It seems that you have to get half of it before you stop? 7.5 billion US dollars? I can't accept this high price." Gu Ao seemed to seriously suppress the other party's confidence.

Ronald: "Half is just an attitude, not a bid! According to industry practice, if you want to take over the pledge of shares, you will have to cash out 20% off. We paid $1.5 billion in cash in real terms. Now it is not considered interest. At least 80% of the principal will be recovered. Without at least $1.2 billion, we will be exempted from negotiations!

Gu, I hope you understand a reality. You are not negotiating with venture capital funds or investment banks now. You are negotiating with commercial banks! Commercial banks that mainly engage in credit business! We provide credit financing, not equity investment! When we were earning the subject matter, we had already underestimated at least 20% of the price to lend, and you have made a fortune in this link.

When the credit industry is doing mortgage and pledge financing, it is already a big concession for 20% of the bad debts of the company. Even if it is the risk of personal collapse, such as interruption of mortgage payments and entering a forced judicial auction, the starting price stipulated by law is at least 70% of the mortgage price. Otherwise, it would rather fail to sell the bank and become the landlord themselves!"

Ronald was afraid that Gu Ao would be arrogant and used the measure of the risk he felt when dealing with investment banks or even venture capital funds to measure commercial banks.

Commercial banks have always been very arrogant.

Just like you are an ordinary private lending company, if the bad debt is super bad, even if you are half open to the debt collection company and you can get the money back, the creditor will be willing to do so.

But if the court helps the bank to enforce the execution, or if the bank goes to the debt collection company to find an agent, it will generally give up to 7% commission/execution payment. Commercial banks will never accept high-proportion cash-out losses, and would rather trap the cash and put it in bad debts.

Just like Ronald said, "It's better to be a landlord by yourself."

In this way, the difference in perception between the two parties will be very large.

Gu Ao felt that paying $500 million was a conscientious price, and he refused to even think about the 750 million proposed by the other party.

However, Citibank is from the perspective of "I actually released $1.5 billion in cash, and I have to recover 1.2 billion, otherwise I would rather die in my hands."

The difference is more than double.

Then there is nothing to talk about for the time being.

If Ronald offered a half discount and asked for a price of 750 million yuan, Gu Ao would still consider refusing to pay in person, and he might buy it if he reached more than 600 million yuan. Now this gap cannot be bridged by negotiation itself, and he can only expect other new major variables to occur in the trading environment.

Gu Ao then acted as a tough attitude of not continuing to talk to you for the time being: "There is nothing to be discussed. It seems that the two gentlemen are very confident about Edward Miller's plan to reorganize Wang An's computer. They think they can significantly cheat the stock price back, and even survive until the stock market crash and the bull market is coming, allowing ignorant investors to take over.

Then we can only walk and see. I have a piece of advice. Wang An’s weak potential is not caused by the stock market crash, but it is not possible. Edward Miller can only make the financial report beautiful, but he can’t save the company.”

Gibson wanted to speak but stopped, and Citi F once again stubbornly intercepted the topic: "We didn't expect Edward Miller to save Wang An. Even if he just temporarily created the illusion that Wang An would be saved, it would be enough. I believe he could do this. What we want is that Wang An should not die at our hands, it would be best if he died at the hands of retail investors."

Gu Ao couldn't help laughing: "Are you afraid of me recording such crazy words?"

Although this kind of words are crazy, it has to be said that it is very effective and expresses strongly when expressing one's determination and will to never suffer any losses.

No wonder Ronald would rather collapse his personality than say this.

After being questioned by Gu Ao, Ronald's expression froze and was a little surprised: "So what? The United States is a free country. At most, my words are a bit incorrect, but they are not considered illegal or illegal. Moreover, if you disclose it to the public, you have committed a taboo on Wall Street. Even if Peterson is a former merchant chief, he cannot maintain your relationship in the investment world!"

That being said, Ronald was also turning a sharp turn in his heart: Gu Ao, this guy, can't really record the audio, want to make a scandal with each other, right?

Unfortunately, Gu Ao's identity and his security measures also destined that Ronald could not search and restrict Gu Ao.

After all, Citigroup is just a bank.

He could only comfort himself, that Gu Ao would not do such things that harm others and themselves.

Of course, Gu Ao will not do anything to harm others, but he will be prepared for any trouble, but he will not let the American people hear it.

However, if you have an extra piece on hand, you may be able to tell Wang An about it or find other wonderful uses.
Chapter completed!