Where did he get the money?
Xing Baohua called Mitsui Fujisaburo and told him to have Mitsui Bank raise two billion pounds for him as quickly as possible, to be paid in a week with the highest bridge toll.
Given that Xing Baohua holds over 10 billion British pounds, even though he's tied up, they believe that even if Xing Baohua encounters risks, at least 50% of it will come out.
The deal was done.
In less than twenty hours, the money had arrived in the account, and Mitsui Fujisaburo, accompanied by staff from Mitsui Bank, went to Xing Baohua to sign the papers.
When big shots want money, they always pay first and then process the paperwork. It's only because of the high interest rates on bridge loans.
When the two billion pounds arrived, it certainly startled the old nobles, and the Newport wafer fab began to panic after learning the news.
This is ridiculous! They were just there as a dummy bidder, and now the factory has lost money. What kind of mess is this?!
The news that two billion pounds had been deposited into the account reached the Sweetie's side, and thus the media also found out.
Despite being embroiled in troublesome matters, she was quite proactive in handling the messages Xing Baohua sent her.
Many ACOM shareholders felt a mix of emotions when they read in the newspapers that Xing Baohua was planning to acquire the Newport wafer fab for 2 billion British pounds.
Damn it, they're so rich, yet they're unwilling to spend a little more to buy their company. Fifty or sixty million pounds is just a drop in the ocean for Xing Baohua.
Let's talk about it. It would be much better to give these shareholders a little money to satisfy them. Instead, they have to spend billions of dollars every now and then. All the money ends up in the hands of other shareholders.
Why is there such a big difference in treatment between shareholders?
So they sat down together to discuss it.
Hauser is a good tech expert. We shouldn't focus on the money; the real money comes in the later stages!
So they analyzed the business cooperation model proposed by Xing Baohua. As expected of a PhD graduate, his analysis was very logical and reasonable. Xing Baohua only gave them a small, guaranteed path.
They can make enough money by processing it all internally.
Xing Baohua claims to be building the world's largest wafer fab, and that they can receive 5% of the patent fees for every ARM chip produced by his fab.
In the long run, those shares would become very valuable. The only thing ACOM people couldn't understand was why Xing Baohua, who had already built the largest wafer fab, would acquire the Newport wafer fab.
“The people in Newport gave us a small amount of money. If they resist and prevent Xing from investing, causing Xing’s acquisition to fail, you’ll only make a temporary profit, averaging a few million. But if we work with Xing, we might all be worth hundreds of millions,” Hauser said.
Seeing everyone bowing their heads in silence, Hauser continued, "I hope you will authorize me to speak with Xing alone and try to add a little more to the 20 million pounds. That way, as long as Xing can give us 30 million, we will sell to him."
After discussing it, the minority shareholders told Hauser, "We need the 30 million in cash."
We still haven't heard back from Newport regarding the $50 million offer; it's probably going to fall through.
Hauser has a technical background, so he and Xing Baohua used to have common topics to discuss, and they might have even come up with some results from their conversations.
ACOM's Hauser went to London, where the media was abuzz with calls to boycott the acquisition of their wafer fabs by outsiders.
This "outsider" is meant as discrimination. How many of the listed companies owned by the Eagle Group are run by people of pure race?
I don't know which idiot shouted that this guy's stocks are all stuck in the foreign exchange market and he can't get them out. He only has two billion British pounds, so he drove up the price of Newport Bank so that his two billion British pounds can't buy any more shares.
The old nobles were dumbfounded, while Xing Baohua chuckled.
Xing Baohua spent only 10,000 British pounds to buy this news and get a well-selling Sky News to publish it.
The old nobles investigated and found that it was indeed this guy who had released the information, and immediately afterward, Newport's stock price began to soar.
With so many speculators and venture capital funds, nobody's stupid.
Two signals caused the growth.
Xing Baohua has already put his funds out there; the initial one million was just a trial investment, and he's waiting for the price to rise.
Buying now would mean a low price, and the best strategy would be to sell as soon as Xing Baohua's large sum of money comes in.
Stock trading, stock trading, everyone's trading together.
Most retail investors are concentrated in one listed company, causing the price to skyrocket uncontrollably.
Xing Baohua didn't make a move, nor did Newport's shareholders try to suppress the stock price, while the old aristocrats were still watching and waiting to see what Xing Baohua would do.
Meanwhile, individual investors and institutions were eagerly waiting for Xing Baohua to make his move: "Hey! What's this guy up to? He's paved the way for your stock to rise steadily, why isn't he entering the market yet?"
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