As futures trading opened, a billion-dollar futures contract was dumped, instantly putting pressure on the market. John, who received the message from his manager, was also puzzled. Upon hearing that it might be Lu Feng's account dumping the contract, he immediately ordered his subordinates not to buy, but to let the price drop. If Soros and Robertson tried to grab the shares, then they should buy them up directly.
John felt that the probability of these two selling their chips was extremely low. The two sides were already communicating, and besides, the current price was already astronomical. Even if they bought back to close their positions, they would suffer huge losses, unless the United States did not intend to do business with them.
The futures contracts, originally valued at one billion yuan, were ultimately sold for just over eight hundred million yuan.
On May 25th, the settlement date for tungsten ore futures, the exchange announced that it would mediate the matter. The three tungsten ore processing companies increased their margin by 3 billion US dollars, compensated retail investors for default penalties, and then closed out their positions. Schroders, the largest holder of positions, would negotiate with the three companies to seek a solution to the matter.
The next morning, Lu Feng looked at the Financial Times' report on the matter and his heart skipped a beat. After carefully reading through it, he had a bad feeling.
"Isn't Duoduo going to school today? Hasn't she gotten up yet?" Lu Feng asked Jiang Xiaoyan.
"It's Saturday today!" Jiang Xiaoyan sat on the sofa in a daze, then looked at her second aunt and said, "I'm free this morning, let me take you out to buy some clothes and do some shopping."
"I'm so old, I don't need to buy anything," the second aunt said, declining.
"Why don't you go with her? It's a good opportunity to explore Shenzhen, you've been here for so long," Lu Feng advised.
Jiang Xiaoyan changed her clothes and woke up Duoduo. The three of them drove out to go shopping. Lu Feng sat there alone, watching the clock on the wall tick. He took out his phone, hesitated for a moment, and then called Su Yourong. As soon as the call connected, Su Yourong shared what she had seen.
"Guess where the third young master of the Feng family is?" Su Yourong asked with great interest.
"where?"
"Do you remember the Fu Lin Restaurant we ate at last time?"
"I remember him, where is he?" Lu Feng asked in disbelief.
"He's serving dishes there! This is all over the rich circle, but there's not a word about it in the media. This young master Feng has been having a hard time lately, working during the day and causing trouble at the Sun Hung Kai headquarters at night." Su Yourong said with a grin, "The Fu Lin Restaurant has been doing much better business lately, and many people are asking him to serve dishes and then giving him tips."
Lu Feng was stunned for a while before he came to his senses. He smiled and said, "His two older brothers went too far. Such a large family business doesn't need another idle person. Never mind, let's not talk about him. I called you because I have something to tell you."
"What is it?" Su Yourong thought for a moment and said, "It's not the end of the year yet, so you don't need to ask me for anything."
"It's not about the board of directors. I'm thinking of buying an apartment in Hong Kong to settle down. Maybe I'll have to come and stay with you next year," Lu Feng said jokingly.
"Since you've come all this way to stay with me, why bother buying a house? Just stay here with me!"
"No, no, no, I can easily agree to that. The main issue is that I have a child. Since you're familiar with the area, do you have any suitable villa recommendations? Also, could you help me inquire about office buildings? We might need them next year. And also, let's sort out the equity structure of Hurricane Capital. You should step down recently and transfer control of United Capital from the company to yourself," Lu Feng said.
"Why are you kicking me out? We can talk about the equity later. There are a few nice plots of land recently, but they belong to Li Ka-shing. You know Repulse Bay? The villas there are quite expensive. Let me ask if there are any houses left. The cheapest ones are over ten million US dollars, and they even have to verify your identity." Su Yourong said into the phone, "Someone like me with no status wouldn't even dare to dream of such a thing."
“You don’t have a position yet? Then take this Repulse Bay villa. If you find a suitable one, help me sign it. It’s almost June. I’ll finish up this mid-year report first, then I’ll go over.”
"Then you should transfer some money first. It's quite troublesome to check out properties here, as it requires verification of funds. Let's transfer five million US dollars first. I happen to have a dinner party in the next couple of days, where I should be able to meet Li Zhaoji."
Lu Feng knew that with her status, there was no need for any verification of funds. He couldn't ask this woman for favors because she always talked about money. However, since he wanted to develop his career in Hong Kong, he couldn't do without her from the beginning, so he readily agreed.
Continue read on readnovelmtl.com
