Mitsui Bank made a killing on that money.
Many people felt like they were being made a fool of. Who said Xing Baohua was going to acquire the Newport wafer fab?
No time for condemnation and cursing, take advantage of the high stock price and sell quickly while you can for a profit!
The most pitiful are those who just bought in and got trapped instantly.
The mass sell-off caused panic and a sharp drop, just like the saying goes: "I watched him build a magnificent mansion, I watched him entertain guests, and I watched his mansion collapse."
The mini stock market crash at the Newport wafer fab also made money for many people; those who were quick to act made their fortunes.
Newport's group and the old aristocracy finally understood what Xing Baohua's strategy was.
This guy pulled out 2 billion to scare them into not daring to make any rash moves! Don't be fooled by the fact that Xing Baohua used 30 million to acquire ACOM; didn't he also incur bridge loan fees?
That's equivalent to Xing Baohua using 70 million British pounds to buy 51% of ACOM's shares!
Think about how much ACOM shareholders are losing out! Which is better, 30 million or 70 million?
Why didn't those shareholders rebel? Instead, they agreed to Xing Baohua's investment. Why did they just stand by and watch Xing Baohua give 40 million British pounds to the bank?
Xing Baohua's acquisition cannot be used as a case study; many people don't understand it and can only regard it as an bizarre case.
Even if someone asks ACOM's shareholders about this later, what were you thinking at the time? Why did you agree so quickly?
Because there were many things they didn't know. All they knew was that Xing Baohua had agreed to their bottom line, but Newport Wafer Fab wasn't genuinely interested in acquiring it. They couldn't wait for the 50 million, so they had to settle for 30 million.
Who knows why Xing Baohua didn't spend more money, but instead paid the bank 40 million in interest.
Information inequality exists, and besides, Xing Baohua has many secrets that cannot be made public, such as his private accounts and electronic foreign exchange accounts.
If something can be resolved openly, why resort to underhanded tactics?
Everything forced Xing Baohua to resort to some schemes and tricks; of course, if they succeeded, all those schemes would be good.
Rodman, a representative of the old aristocracy, still managed to meet with Xing Baohua through certain connections.
Often, you have to give face to those who have vested interests.
What's the harm in meeting up? So let's meet!
Conversely, nobles with titles are not so easy to meet, and the fact that they are now begging to see him shows that Xing Baohua has hit their sore spot.
After Rodman sat down, his first words to Xing Baohua were, "I really underestimated you, Xing."
Xing Baohua said with a smile, "It's because you never take your opponents seriously that you've become arrogant. The one to blame isn't me, but your arrogance. Isn't that right, Baron Rodman?"
“Okay! I admit you’re right, Xing, let’s stop. We’ll have more opportunities in the future,” Rodman said.
"Let's discuss the terms. If I stop now, I'll lose a lot of money, at least over 10 billion British pounds. What will you use to compensate me?" Xing Baohua spread his hands. The other party went straight to the point, and Xing Baohua didn't hold back either. You old nobles, in order to avoid even greater losses, made Xing Baohua end the bet. But who will compensate him for his losses?
"What do you want?" Rodman asked with a grim face. Hearing Xing Baohua say that they would lose more than 10 billion pounds, he was so angry that he wanted to curse.
The money Xing Baohua is earning now belongs to them. If Xing Baohua weren't a public figure, they would have thrown him into the sea long ago to protect their reputation.
Let this kid earn some money, just earn some money.
To avoid further losses, they had no choice but to wait for Xing Baohua to make exorbitant demands.
"Da Lao's chassis technology, Da Lao's aircraft engines. And I hope Newport wafer fab can transfer a batch of Unisplendour photoresist to me." Xing Baohua stated these three requests.
If I really ask for an exorbitant amount, they might not give it to me, and whether I can live or die will depend on their attitude.
Therefore, Xing Baohua only needs these things for now; she is not interested in anything else.
To be honest, the Eagles at this point had little technology left. The only way they could maintain their advanced status was by plundering other people's things or importing advanced equipment.
Of all my own possessions, there are only a few that I can truly be proud of.
Rodman thought for a moment and said, "The big boss's aircraft engine belongs to a separate company, and the engine technology won't be sold. I can try to get them to sell it to you."
“That’s your problem. A loss of 10 billion pounds, how many units can you buy for me?” Xing Baohua had just finished speaking when Rodman suddenly stood up and said to Xing Baohua, “There’s no such thing as a loss.”
Xing Baohua shrugged and said, "Then I've made enough money. I can use the cash to buy things in America, Russia, and the U.S.!"
"Xing, I'm here to talk to you to help you solve some problems. I'll help you negotiate the chassis and photoresist for the Da Lao aircraft. You'll have to pay for it yourself. As for the Da Lao aircraft engine, that's not easy to arrange."
“You have to do it for me, even if it’s difficult. You can’t sell me the technology, but give me a hundred engines. You know I have an aircraft manufacturing plant, and the engines from the Russians are a bit inferior,” Xing Baohua said with a smile.
“Let’s get another one!” Rodman said.
"Then make enough money to buy engines from Boeing or some other company. I need them anyway. Oh, you have to convince them to sell to me. Once the contract is signed, I'll back off. The sooner the better. Otherwise, you'll have to sell fixed assets to pay out. Doesn't that hurt?" Xing Baohua laughed as he spoke. Rodman really wanted to punch him for his smug look.
"Wait for my news." Rodman stormed off.
Right after Rodman left, Xing Baohua instructed the traders to calculate the high point of the foreign exchange market the following day and to continue shorting the pound using electronic trading platforms.
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