At this point, no matter what decisions Soros and others made, they could not influence the plans of the Boundless Group.
Wujiang Group is currently buying up stocks at rock-bottom prices and no longer cares whether the financial crisis will continue.
During the 1997 Asian financial crisis, Dhanin Chearavanont's Charoen Pokphand Group faced an unprecedented crisis.
Unlike its previous existence, this Asian financial crisis has dealt a greater blow to the Charoen Pokphand Group.
Zhao Ye was well aware of the development potential of the CP Group, and that the temporary difficulties were nothing to worry about.
Since 1994, Charoen Pokphand Group has ranked first among Thai companies six times and second three times in the "Asia's 200 Leading Companies" list compiled by the world-renowned financial magazine Far Eastern Economic Review.
That's awesome!
Moreover, CP Group was one of the earliest foreign investors to invest in Shenzhen. In 1978, when the reform and opening up had just begun, Shenzhen was just a small fishing village, and no foreign businessmen dared to invest there. CP Group's investment broke the deadlock of no foreign investment in Shenzhen and also obtained the "No. 001" foreign business license.
We should buy more of high-quality stocks like CP Group.
Moreover, the main business of the CP Group is agriculture and animal husbandry, which is perfect for in-depth cooperation with Wujiang Agriculture Group.
Wujiang Group will be acquiring a large number of farms, ranches, and plantations in Thailand this time. If CP Group provides assistance and cooperation in Thailand, it will definitely be more successful!
Furthermore, Zhao Ye greatly admires Xie Guomin's character; the fourth generation of his family have all acquired Chinese citizenship, and over half a century, they have invested 120 billion yuan in China, significantly promoting the development of the domestic market economy. Zhao Ye is also willing to help the Charoen Pokphand Group this time.
Meanwhile, Zhao Ye's investment team has traveled to Thailand and is in talks with the Charoen Pokphand Group regarding investment and equity participation. Currently, the Charoen Pokphand Group is facing a significant crisis and urgently needs funds to overcome its difficulties.
The Thai stock market crash naturally led to a significant drop in the market value of Charoen Pokphand Group.
Lu Maoshi, head of Wujiang Capital, said to Xie Guomin: "Mr. Xie, under the Asian financial crisis, many banks have gone bankrupt and collapsed, and no bank will dare to lend to the Charoen Pokphand Group. If the Charoen Pokphand Group wants to get through the crisis, it will most likely have to sell assets and cut its losses to survive."
Dhanin Chearavanont nodded noncommittally.
If it weren't for the emergence of [Boundless Capital], he might be trying to sell his assets and recoup his funds right now.
Lu Maoshi smiled and said, "I've come with goodwill this time. CP Group is a company with great development potential, and we at [Boundless Capital] are very optimistic about its future development, so we are willing to invest in CP Group!"
Xie Guomin is also quite familiar with [Boundless Capital], knowing that it is an extremely large asset management company under the Boundless Group.
"Mr. Lü, I wonder how much money [Boundless Capital] plans to invest in the CP Group, and what percentage of shares it wants?" Xie Guomin inquired. He urgently needed funds, and the arrival of [Boundless Capital] brought him hope.
Lu Maoshi: "Invest $1.5 billion to acquire a 30% stake!"
In business, "asking for an exorbitant price and settling for a lower price" doesn't mean taking advantage of the CP Group.
Dhanin Chearavanont has room for negotiation.
Nowadays, companies that can come up with so much money all at once are extremely rare.
Upon hearing this, Xie Guomin frowned slightly. If he accepted this condition, Wujiang Capital would become the largest shareholder of the Charoen Pokphand Group, while his family would become the second largest shareholder.
Dhanin Chearavanont would rather cut his losses and survive than have the CP Group taken over by someone else.
"Mr. Lü, I regret to inform you that I cannot agree to your demands. Our CP Group can only offer a maximum of 15% of its shares to [Boundless Capital]!!!"
“15% is a bit low, how about 20%? [Boundless Capital] is only optimistic about the potential of the CP Group, not trying to compete with you, Mr. Xie, for control of the CP Group. If you can accept this offer, [Boundless Capital] is willing to invest $1.25 billion in the CP Group!”
Upon hearing this, Xie Guomin hesitated for a moment before saying, "Mr. Lu, please allow me to consider this carefully."
Lü Maoshi smiled and said, "No problem, you can take your time to consider it."
"Thank you, Mr. Lü. I will contact you as soon as I have thought it through."
"Alright, then I'll take my leave now."
Lu Maoshi smiled and shook hands with Dhanin Chearavanont to say goodbye.
Lu Maoshi and his team had a heavy workload on this trip to Thailand.
Investing in the Charoen Pokphand Group is just one of the tasks.
...
Regardless of how the Xie Guomin family discussed things, after leaving the CP Group, Lu Maoshi and his group immediately headed to their next target – Bangkok Bank.
Bangkok Bank suffered heavy losses in this financial crisis and was on the verge of bankruptcy. In fact, the Wujiang Group was also an accomplice; it was because the Wujiang Group borrowed a large amount of Thai baht from Bangkok Bank that the bank incurred such enormous losses.
Bangkok Bank was established on December 1, 1944, with its headquarters in Bangkok. It is the largest bank in Thailand, with more than 1,100 branches and a large number of ATMs.
Chen Zhishen, president of Pangoal Bank, looked at Lu Maoshi sitting opposite him with a complicated expression.
If it weren't for Wujiang Group, Panggu Bank wouldn't have suffered such severe losses, leading to a bank run and nearly going bankrupt.
Lü Maoshi: "President Chen, the Asian financial crisis came too suddenly; no one could have predicted it. I'm here on behalf of Wujiang Capital to invest in Bangkok Bank. I believe that once Wujiang Capital invests in Bangkok Bank, it will greatly boost depositors' confidence, and the bank run crisis will soon disappear!"
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