The winds of change are blowing again; let's watch them with a smile.
This is a localized hostile takeover by a group of international speculative investors.
Huahong Group's subsidiaries, including Huahong Telecom, Huahong Bank, and Huahong Aviation Logistics Transportation, are all listed companies.
This aggressive group was trying to stage a hostile takeover, forcing Xing Baohua to buy back the shares they had acquired at a high price. This was tantamount to tearing a piece of flesh from Xing Baohua.
Most of Xing Baohua's funds were borrowed and had already been transferred to Europe. The intangible losses from bringing them back would amount to seven or eight hundred million yuan.
If they see the situation is unfavorable, they can simply turn around and leave, even if they don't sell their stocks and shares for the time being. This delay will cause Xing Baohua huge losses, thus avenging the last ambush.
Xing Baohua received the notification from an insider at the exchange the next day when he went to work.
These individuals have already received a large amount of funds into designated accounts, totaling around $8 billion.
It's estimated that this belongs to the forwards, and there might be additional funding later. In any case, Xing Baohua should be careful.
They were obviously coming for him.
Xie Yingying yawned and handed Xing Baohua the information on the European continent's decentralized accounts that she had compiled the night before.
The money in the accounts is scattered, and once the traders are in place, they will manipulate these accounts.
Xing Baohua put the account information aside for now. The time on the European continent can be delayed. What's urgent right now is the team of Uncle Socrates and Uncle Buffett. Those wolves on Wall Street actually treated him as prey. They haven't been beaten enough. Don't they know the Chinese saying, "Even a skinny camel is bigger than a horse"?
Besides, Xing Baohua is currently only experiencing financial difficulties, not a lack of strength to fight back.
Do you really think he's afraid of losing 700 or 800 million?
Who gave them the courage to come and give them money?!
And sure enough, it was those foreign banks. They knew Xing Baohua's financial situation; he was already on their riskiest list, making it difficult for him to get a loan.
Especially at this time, foreign banks really wouldn't make that exception for him.
Unless there is collateral.
How much of Xing Baohua's assets can he still mortgage? He had already calculated that he couldn't borrow much more money from the bank, not even a single penny.
Seeing that Xie Yingying was a little drowsy from staying up all night, Xing Baohua said to her, "Call these senior bank managers and tell them they must come today. The time is flexible for everyone. Tell the front desk that you can go and rest."
"Oh, I'm fine."
"Go and get some rest. There are other things to do tonight. As a secretary, you need to make the most of your rest time. Go now." After saying this, Xing Baohua picked up the distributed accounts that had been delivered and began to look at them.
Both Xing Baohua and his secretary's offices have a small cubicle for resting.
However, Xing Baohua rarely used the bed in the small cubicle.
After all, they didn't get along with the secretary from back then, so they didn't dare to touch the current secretary.
The beds in the cubicles became mere decorations.
At this time, all the foreign banks that had dealings with Xing Baohua received his calls.
Goodness, everyone's busy and I can't get away.
What could Xing Baohua possibly want from them? Wasn't it all for money?
If you can't lend money to Xing Baohua, what's the point of going there? Just to force a smile? It's better to find an excuse not to see him.
When Xie Yingying told Xing Baohua about this, Xing Baohua was so angry that he made a phone call himself, starting with Morgan Stanley. He told them one thing: come and talk. If they didn't come, he would withdraw his funds and not use their bank for foreign exchange transactions in Europe.
Why would any of the world's many banks choose you?
Foreign exchange trading fees alone add up to a considerable sum. I had no choice but to admit defeat and obediently come to see Xing Baohua.
HSBC, Standard Chartered, Federated States, Mitsui—it's the same old story. Bank managers are, after all, employees; if they really cause the bank to lose a major client, they can resign.
It's just awkward small talk and forced smiles! Wait, I'll be there soon.
Around noon, senior managers from several banks arrived and gathered in a meeting room where Xing Baohua held a small meeting for the group of employees.
“Each of you lend me two billion US dollars, and I will use European funds as collateral. The interest can be paid as a bridge loan. I just don’t want to go through the hassle of transferring funds back and forth. This way, you can make money from both sides, and it will also give your board of directors an explanation.”
I don't have time for your banter right now. Tomorrow morning when the market opens, I want to see two billion US dollars in every account. The ten billion in the Continental accounts is in current accounts; that's cash, and you all know better than anyone what that money is for. Can it be used as collateral?
The manager from Standard Chartered Bank reminded Xing Baohua, saying, "Mr. Xing, collateral is fine, but if you lose in Hong Kong, there will be no funds available in Europe. Although your betting agreement doesn't have a time limit, not having funds would still constitute a breach of contract."
Upon hearing this, Xing Baohua laughed heartily. He said, "Even if I lose all 10 billion, it has absolutely nothing to do with you. What clause in the contract stipulates how many orders I can place, or how much they cost?"
No, that's not true. At the time, Xing Baohua made it seem like 10 billion had already been received. Even if he didn't throw it all in, he could easily make several hundred million with just a flick of his finger.
Using 30% of the total funds for a single transaction is a common practice. For Xing Baohua, that's only 3 billion US dollars. Indeed, no one would impose any restrictions on the number of transactions or the amount of funds involved.
But Xing Baohua wanted to exploit loopholes in the contract at this point.
“Even if I lose it all, I can still borrow ten thousand US dollars in Europe. Each order costs one hundred dollars, so I can play a hundred times. Want to make a bet? I bet I can borrow ten thousand US dollars,” Xing Baohua said with a sneer to the Standard Chartered manager.
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