Chapter 558 We want to hold
~Date:~November 02~
In Mr. Guo's study room full of antiques, Fang Mingyuan and Yu Qiuxia were sitting on the old-fashioned Taishi chairs, waiting for Mr. Guo who was watering the flowers in front of the window.
However, Mr. Guo, who is worth billions, puts in his study not some expensive flower seeds, but very common spider plants! Moreover, Mr. Guo has always made the things in his study by himself and rarely lets others touch them.
. And there are very few family members who can enter his study. Except for Guo Tianyu, his wife and Qing'er, not even his daughter, son-in-law, grandson, and granddaughter can!
Fang Mingyuan has always been favored by Mr. Guo. This place has always been open to him, which is also a place that the Guo family's children are extremely envious of. Mr. Guo put the small watering can aside, then turned around and returned.
Arrive at your seat.
"Mingyuan, was it a smooth journey from Shanghai?" Mr. Guo wiped his hands and asked casually.
"Fortunately, the journey went smoothly!" Fang Mingyuan said with slight respect, "It was just that when we landed, we were delayed for a while because of the rain!"
"I heard that Huaxin Mining plans to acquire all the rare earth production of domestic rare earth companies this year and next. How is it going now? Do you need help from me, an old man?" Mr. Guo said with a smile, "I have such an old face.
It still has some weight in the center!”
Fang Mingyuan felt warm in his heart, and said with a smile on his face: "Things are going smoothly. When we got off the plane, the news came that we had basically grasped about 75% of the output, and the remaining share couldn't make any big waves.
Come! The basic purpose has been successfully achieved!"
A look of surprise flashed across Mr. Guo's old face, but he was relieved immediately! Think about Fang Mingyuan's achievements in the past six months. He has forcibly taken shares in Samsung Group, which has a total assets of tens of billions of dollars. Its total output value is no more than one per year.
A multi-billion dollar industry is really not a big deal in front of him!
"I am recruiting you to come to Hong Kong urgently this time. Qiu Xia must have told you on the way that the reason for the possible bankruptcy and liquidation of Baifusheng Investment Company is!" Mr. Guo said straight to the point, "I think this is something.
There is something fishy in it. If several US-funded institutions had not spread the news in the market that Baifusheng Investment Company suffered heavy losses during the Southeast Asian financial crisis, which seriously shook the confidence of investors and banks in Baifusheng Investment Company, things would not have developed to this point.
This situation! Old man, I think that at this time, if Pavison Investment Company, a leading company in the Hong Kong securities industry, is said to be bankrupt and liquidated, it is likely to cause a domino effect in the Hong Kong stock market! To those who are still entrenched
In Southeast Asia, evil wolves may pounce and bite us at any time! So I called you here just to ask your opinion. Is it necessary to protect Baifusheng Investment Company?"
"If I refuse, what will you do, grandpa?" Fang Mingyuan asked.
Mr. Guo pondered for a moment and said categorically: "I will still invest! For hundreds of millions of dollars, you can rest assured if you buy me! Moreover, I believe in Xun Botao. Although Baifusheng Investment Company has loopholes in its operations, it has not yet arrived.
It needs bankruptcy and liquidation! As long as there is sufficient capital turnover, the losses at this moment cannot be changed. The fact that it is the best-run securities company in Hong Kong in the past ten years!"
Fang Mingyuan laughed. Mr. Guo was indeed decisive. Such courage is really convincing!
"How many shares does Xun Botao plan to give up? The old man and I will invest personally. If we can't get the controlling stake, it won't be interesting!" Fang Mingyuan said, "Since we want to invest, we must at least be the largest in Asia.
Only investment banks can do it!" Fang Mingyuan has always been convinced by Mr. Guo's vision. What's more, he also knows that after Baifusheng Investment Company was later acquired by a foreign bank, it had sufficient financial support to compete in the capital markets of Hong Kong and the Mainland.
, still doing well!
At this time, investing a sum of money can maintain huge returns for more than ten years. Such a transaction is certainly worth it! Moreover, if Baifusheng Investment Company is acquired, it will naturally be beneficial to the diversification of the Fang family's industry.
Great benefits!
"Before the Southeast Asian financial crisis, PAX's total assets were probably just over five billion US dollars. Now after the Southeast Asian financial crisis, it is estimated to have shrunk a lot, to as much as four billion US dollars!" Mr. Guo waved his hand.
, "If our two companies jointly take action, it would be too embarrassing if we only get three to five billion U.S. dollars. I can't hold my head up even if I tell you! However, as far as I know, there are still many shareholders of Baifu Sheng.
Among them are many well-known celebrities and rich people in Hong Kong. I estimate that the largest shareholder among them only holds 30 to 40% of the shares! The three billion U.S. dollars our two families spent will at least account for him.
Forty percent of the shares is almost a controlling stake!”
"Since there are so many shareholders of Pakfusheng, why is it that no one is injecting capital into it, and instead they are looking for Swiss companies to inject funds?" Fang Mingyuan said a little strangely. He also heard Yu Qiuxia say that Pakfusheng only has six shareholders now.
The creditor's rights of 700 million U.S. dollars may suffer losses, and a debt of nearly 100 million U.S. dollars cannot be paid off in time. But so far, its normal business has maintained profitability. A company with total assets of several billion U.S. dollars has just allowed it to face such challenges.
Bankruptcy and liquidation is really a bit strange!
"You think everyone is just like you. In such a financial crisis, not only did you not lose anything, but you made more money!" Yu Qiuxia said with some humor. Is Fang Mingyuan a fan of the authorities? She can understand why.
The other shareholders of Baifusheng Investment Company will just sit back and watch it!
This sudden financial crisis has swept across Southeast Asia and East Asia, and the economic losses caused have been extremely staggering. It can be said that Southeast Asian countries and South Korea are now full of victims. Although Hong Kong has withstood the attacks of international financial speculators,
However, the foreign exchange market and the stock market are also highly turbulent. If it were not for the fact that the Fang family, the Guo family, and the Zheng family took the lead and obtained the cooperation of major companies in Hong Kong, they went all out to buy back their respective stock markets. Today's Hong Kong would probably be compared to other Southeast Asian countries.
It’s not much better than coming to Korea!
The foreign exchange and stock markets are turbulent, foreign exports are blocked, and the economy has plummeted. The wealth of these rich people in Hong Kong has shrunk to some extent, and the company's performance has also declined. At this time, everyone is doing their best.
To maintain the safety of the main company, and those dispensable investment projects, naturally belong to the stepmother!
Especially now that there are no signs of an end to the current financial crisis, and the Indonesian currency has plummeted recently, causing the Southeast Asia region to be in turmoil again, people are worried whether the international financial speculators are back again, and everyone is on hand.
When everything is tight, how can there be any spare money to make additional investments in Pavison Investment Company?
If in the end, because of this additional investment, something goes wrong with the flagship company under my name, I will really cry to death! I am afraid these people are still planning to wait for the liquidation of Baifusheng Investment Company.
Get back some of the funds for backup!
Therefore, Xun Botao has been unable to find anyone in Hong Kong willing to take over these days no matter how hard he tries. Yu Qiuxia knew about this at first, but she felt that the business of Baifusheng Investment Company was not related to Kumho Film Group.
It was irrelevant, and she was not familiar with capital operations. So she didn’t reach out, but occasionally mentioned it in front of Mr. Guo, which aroused Mr. Guo’s interest!
"Dad, as far as I know, there are probably many people who are willing to transfer the shares of Baifusheng!" Yu Qiuxia said, "At least I know Uncle Li has this intention!"
Mr. Guo waved his hand and said: "Don't think he intends to sell out now. If he knew that Mingyuan and I decided to invest, even if you put more money in him, he wouldn't sell it! That person still has an extremely keen vision in this area.
! Hehe, otherwise he wouldn’t have been able to save such a big family fortune! Well, since Mingyuan you mean the same thing, then, Qiu Xia, let Tianyu bring him over!"
Just when Xun Botao couldn't sit still and wanted to ask Mr. Guo what he meant by calling him here and leaving him here for several hours, he saw Guo Tianyu's wife Yu Qiuxia
Came in.
"Mr. Xun, I'm here to invite you!" Yu Qiuxia chuckled, "Congratulations to Mr. Xun!"
Yu Qiuxia's meaningless words made Xun Botao stunned, but he quickly reflected on it and his face immediately lit up with joy!
Yu Qiuxia sighed softly in his heart. When he knew that Mr. Guo and Fang Mingyuan were going to invest three billion US dollars in Baifusheng Investment Company and establish a controlling stake in it, would he still be so happy?
"Mrs. Guo, are you serious about what you said?" Xun Botao couldn't help but blurt out.
"Mr. Xun, please!" Guo Tianyu was leading the way. Yu Qiuxia smiled but did not answer Xun Botao's question.
Xun Botao came to Mr. Guo's study room full of joy and anxiety. As soon as he entered the door, he saw Mr. Guo standing side by side at the desk with Fang Mingyuan, looking at the calligraphy collection. Mr. Guo is a veteran entrepreneur in Hong Kong.
Maybe the younger generation is not familiar with him anymore, but for people like Xun Botao and others, Mr. Guo, who started from scratch and created the family business of Guo's Shipping Group, is definitely their idol in their youth!
"Old man, Xun Botao is here to greet you!" Xun Botao didn't wait for Guo Tianyu's introduction, he stepped forward and bowed deeply, "Thank you, old man, for your help. Xun Botao will never forget it! I cannot thank you enough for your kindness."
, Xun Botao will make sure that the old man will not feel that this investment is a mistake in the future!" For so many days, he has been running into obstacles everywhere in Hong Kong, but has never been able to get help from Hong Kong people. At this time, he was so excited that he could not control himself!
If possible, who would be willing to introduce foreign capital into their own company? No one understands the huge appetite of these foreign capital better than the people of Hong Kong!
Mr. Guo raised his head, looked at Xun Botao, and said calmly: "Aren't you afraid that after I invest, I will take the controlling stake of Baifusheng Investment Company?"
"I'm afraid, I don't deny this, but I'm even more afraid that Baifusheng will be destroyed in my hands!" Xun Botao said proudly, "If Baifusheng is in the hands of the old man, it can lead to a more glorious tomorrow.
, What does it mean if the controlling rights are given to you, the old man?" He has thought about this kind of question many times in the past few days!
Fang Mingyuan couldn't help but feel slightly moved. This middle-aged man wearing gold-rimmed glasses made him very fond of him!
Mr. Guo nodded slightly and said: "I've heard about you. Although there are indeed some problems with your company's management mechanism, it shouldn't be in this situation. Although, what you need now
Maybe it's just 3.5 billion US dollars, but since my old man and he have decided to take action, 3.5 billion US dollars is really hard to get rid of! And we also hope that PAX can become a world-renowned investment bank and compete with Goldman Sachs and Morgenstern in the future.
Lee, Merrill Lynch, Lehman Brothers and Bear Stearns are all vying with each other! So, our starting investment is US$3 billion, have you thought about it, do you want it?"
Xun Botao immediately looked at Mr. Guo with dumbfounded eyes. Not to mention him, even Guo Tianyu on the side also showed a look of extreme surprise!
Xun Botao's mood at this time was like a beggar who originally just wanted a bowl of wontons to satisfy his hunger, but was told that a full banquet of Manchu and Chinese was prepared for him! No one understands better than him that Baifusheng Investment Company is now
After the financial situation of Southeast Asia, coupled with the recent sharp decline in the Indonesian exchange rate, the original capital of 5.45 billion US dollars has now shrunk by nearly 2 billion US dollars. The current capital has shrunk by nearly 2 billion US dollars.
Total assets are only US$3.56 billion.
But Mr. Guo told him that he must invest at least three billion US dollars. In today's Hong Kong, where everyone is in danger, the significance of such a huge sum of money to Baifusheng Investment Company is simply self-evident! With these three billion US dollars,
With U.S. dollars, PAX can not only tide over the difficulties, but also be able to go against the market and carry out mergers and acquisitions of its peers. Not only is there no danger of bankruptcy and liquidation, but it will further consolidate its position in Hong Kong and even in Asia!
As for Mr. Guo, who has invested the three billion US dollars, he will undoubtedly become the company's largest shareholder. He is already mentally prepared for this! However, although he is excited, he has not lost his head yet.
"Old man, is there anyone else who wants to invest with you?" Xun Botao looked at the study room. Except for the young man who should be Mr. Guo's junior, there was no one else!
Mr. Guo smiled and pointed to Fang Mingyuan beside him and said, "No, there's him too!"
> ,
Chapter completed!