He transferred the hundreds of millions he earned from Newport through Mitsui Bank to Hong Kong Huahong Bank, and then through Huahong Bank, he transferred the money to a commercial bank in England.
These days, wire transfers are still fast. When the pound rebounded slightly, the funds in the account were already in place. Based on Xing Baohua's high price that day, the trader immediately invested, using 90% of the funds and a leverage of 500 times to short the pound.
The 90% position is similar to a full position. The remaining 10% is just enough to cover any rebound. The real fear is that a few points of increase could trigger a margin call.
An electronic bill with a leverage of 500 times is fine. If it's 1000 times, you'd need to sign an agreement with the bank or something. There's no need for that.
Even if we enter now, there are still more than two thousand points to capture, which adds up to two billion British pounds to earn.
The more you multiply your investment, the more you earn.
Xing Baohua's bet against the old nobles was a thousandfold. Every day, he was losing hundreds of millions. Who wouldn't feel the pain?
The more the old nobles were asked to sell their property, the more heartbroken they became.
When he felt so much pain, he developed murderous intent.
Rodman will discuss this matter when he gets back, and one of them said, "Let's just hire mercenaries to take them out. Then we can get a few lawyers to argue that the betting agreement we signed is problematic and invalid, and then get it ruled invalid by the court. That way, we won't have to pay any money."
Rodman yelled, "If we could take him down, you wouldn't need to tell me. He's very influential. And nobody will do business with us anymore."
"George, go and secure 20 of the engines for the Big Lao aircraft. Make sure they're expensive and the delivery time is extended," instructed a high-ranking nobleman who was presiding over the meeting.
Then he said to Rodman, "Go and resolve his remaining requests. By the way, check if Newport's photoresist is an asset or an import. If it's an asset, we can become his supplier in the future, taking advantage of his high demand and higher prices. If we can cooperate, we can achieve 10% annual growth."
Rodman stood up, placed his hand on his chest, bowed, and said, "Yes, Your Highness."
If Xing Baohua were to meet this prince, he would surely be astonished, his mouth agape. This man is incredibly wealthy; even Xing Baohua feels he's losing out if he were to stop now.
The people from Daying were efficient and swift, getting things done quickly, as if they had rockets strapped to their backsides, just waiting for Xing Baohua to sign off.
Everything is like a dream. The chassis technology of the Rolex was almost agreed upon, but the price was not agreed upon. Now, Xing Baohua can pay 350 million pounds to acquire the chassis technology and two old production lines.
The photoresist deal has also been finalized, with a target of 10 tons per year.
It was a little less, but better than nothing! In the end, we learned that the photoresist came from the windmill country, and they were just making a small transfer fee.
Xing Baohua called Wei Laisong and asked the car factory to send technicians and administrative staff to keep a close eye on the dismantling of the production line. He also asked Wei Laisong to take advantage of the time while the chassis production line was being dismantled to learn from the technicians at the large car factory for a while.
Back at his residence, he asked Jin Xin to inform Peng Fei to have the family's chief engineer bring people over as quickly as possible to select a large Rolex engine.
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