America's Road to Fame

Chapter 44 Fancy Death?

"Mr. William, Mr. Garrad Kushner is at the front desk of the company now, and he wants to see you."

William Chen was in the office and received a call from the front desk. After listening to the call, he said, "Let him wait for 5 minutes and come over. Besides, Annie, I will make a cup of coffee for me later, without sugar, thank you."

After finishing speaking, he looked at John Paulson in front of him and continued: "That's it, you continue to invest the 1 million US dollars of the No. 5 Fund in shorting CDOs and buying CDS, and take out another 2000 US dollars. Wan returned the loan of Building 666 this month, and the remaining US$16 billion was temporarily used to see bullish gold prices.”

William Chen used 5 million yuan from the profit from shorting gold last time and put it into Fund No. 1. After John Paulson shorted real estate bonds, the remaining funds included 2000 yuan to return Building 666 this month. In addition to the due loans, all of them were taken out to look long on gold.

After all, from the last Eye of the Future, he got the news that after reaching the lowest point of 615 US dollars per ounce, the price of gold will continue to rise due to the outbreak of the subprime mortgage crisis, and it will stand on the historical record of 5 US dollars per ounce by May next year High Point.

Therefore, when William Chen has no other investment opportunities for the time being, it is more appropriate to use the funds to do long gold first, which is better than keeping interest in bank accounts all the time.

After all, Nielsen's equity investment department is only doing preparatory work before acquiring shares, and will not need so much funds in the short term.

As for the $666 million loan he still bears on Building 6.5, William Chen is not in a hurry to pay it off in one go, even if his current funds are enough for him to fully repay all the loan.

A very simple truth is that when the economic crisis comes, cash is always king.Why rush to repay these loans if you can earn far more than bank interest on these funds?Wouldn't it be nice to invest these funds and get more profits?
"Mr. William, your coffee." When John Paulson left William Chen's office, Annie, a female receptionist in a shirt and short skirt, walked in gracefully with long legs in black stockings, and put the William Chen's coffee was placed on the table beside him: "According to your habit, only milk is added without sugar."

Now Meta Investment Company is not fully staffed, so as the company's front desk, Anne is also responsible for part of the work of William Chen's secretary on a daily basis.

But for these things, Anne is very happy, because although she has not been working in this company for a long time, her income is already quite considerable, because every time William Chen completes a relatively successful investment, except for the people in the investment department. In addition to the bonus, other employees of the company will also receive a bonus equivalent to one month's salary, so Annie is very satisfied with her current job.

In addition, and more importantly, as the boss, William Chen is not only young and rich, but also so handsome, and most importantly - he is still single and has no girlfriend.

This made Anne, who thought she had outstanding looks and a great figure, have more other ideas.Because of her beauty, she is also very popular in the company. Many of the other male colleagues want to date her, but Anne rejects all of them because her goal is her own rich man. handsome boss.

However, after she put down the coffee, she couldn't help but feel a little disappointed when she saw that William Chen just thanked her and was still focusing on the report in front of her, without noticing her meticulous attire today.

"Yes, Annie."

Annie heard William Chen calling her, and couldn't help but feel happy inside, but she heard William Chen continue to say:
"Let Mr. Garrett come in and see me."

It turned out that this was the case. Annie felt a sense of loss, but she didn't show it. She said, "Okay, Mr. William." Then she walked out of his office.

To be honest, William Chen didn't want to see Garrett now, so he guessed why he was looking for him, and he still used the same rhetoric.

However, William Chen also understands that Garrett is in an embarrassing situation now, because he first wanted to acquire the shares of No. 666 Building from William Chen. The main reason is that this building is located in a prime location on Fifth Avenue. It is very suitable as the first project of Kushnar Group to enter the New York market and gain popularity.

At that time, he caused a misjudgment through information from various parties, thinking that William Chen had mortgaged the last real estate for loan investment, and was already on the verge of financial collapse, so he decisively won 40% of the shares of Building 666 in the hands of Andal Trust Fund .

Jared planned very well at the beginning. He wanted to take the 40% of the shares first, and then waited for the opportunity. When William Chen’s financial crisis broke out, he would be able to take over the 60% of the shares in his hands smoothly. At that time, 666 The No. [-] building belongs to the Kushnar Group, and he can become famous in New York.

In fact, many companies do this in their acquisitions. There was nothing wrong with Garrett's approach, but the unlucky thing was that he met William Chen.

Now he wants to buy William Chen's shares, but William Chen refuses to sell them; he wants to invest in shares, but William Chen, as the party holding 60% of the shares, just doesn't agree.

So what else could he do? 40% of the shares have already been bought, and now I can't get in, and I'm not reconciled to withdrawing.Then he had no choice but to come up with various methods time and time again to try to impress William Chen.

Sometimes when he put himself in Garrett's situation and thought about Garrett's situation, William Chen could also feel his pity.But what can be done?Letting go is impossible.Besides, when you bought shares in the building and wanted to force yourself to sell the building, you didn't put yourself in my shoes, why should I put yourself in your shoes now?
For many people who often shouted to put themselves in their shoes, William Chen would dismiss them.There is a saying that a poor person must be hateful; another saying is that there must be an effect if there is a cause.You yourself are not clear-headed, messing around, and now you are being beaten, why should you let others put yourself in your shoes?
"Jared, you see me now, I have a lot of things to do, if you don't have any constructive new proposals, then it's best not to waste our time with each other, I don't want to say the same thing over and over again, you need to know how to solve the problem The best way is to put forward new opinions instead of repeating the already rejected proposals again and again."

After Garrett entered William Chen's office, William Chen put down the report in his hand and said to him expressionlessly.

"William, believe me, I have always come to talk to you with sincerity, and I have prepared better conditions this time, I hope you can seriously think about it after listening, okay?" Garred said sincerely Looking at William Chen, he said to him.As for what kind of thoughts he had in mind, William Chen didn't bother to guess.

"Okay, listen, you can talk about your new plan, but Garrett, you have to know that I can't keep pestering you like this again and again, I hope that after this time, no matter what the result is, it will be our last A conversation about this issue." Chen William shrugged and said to Garrett.

"William, it's like this..."

Through Garrett's words, William Chen finally understood his plan this time. After listening to it, he only had one thought, that is, Garrett was really on the road to death in order to get the No. 666 building. .

It turns out that the new plan proposed by Garrett this time is to make some changes in the original plan. After knowing that William Chen has no intention of co-financing the renovation of Building 666, Garrett said that the Kushnar Group can still come up with it alone. $30 billion to renovate Building 666.

Unlike the previous plan that required all of the US$30 billion to be invested in shares, in this new plan, Garrett said that he would first invest US$10 billion in shares.In this way, based on the current overall valuation of Building 666 at US$20 billion, William Chen's 60% stake is worth US$12 billion, and Kushnar Group's 40% stake is worth US$8 million.

In this way, after the Kushinar Group first invested US$10 billion in the asset management company of Building 666, the company’s valuation became US$30 billion, and William Chen’s original share worth US$12 billion was diluted to a 40% shareholding ratio. Kushnar The group's original value of 8 million US dollars of shares, plus 10 billion US dollars of capital investment, will hold 60% of the company's shares.

After this process, the shareholding ratios of both parties were swapped and Kushnar Group became the controlling party of Building 666 Asset Management Company.Next, they will lend 20 billion U.S. dollars as interest-free convertible debt to Building 666 Asset Management Company, plus the previous 10 billion U.S. dollars, a total of 30 billion U.S. dollars will be used to renovate No. 666 Building.

The 20 billion US dollars of convertible debt has a maturity of one year. After one year, the unpaid part of the debt will be converted into shares of the company at a fixed valuation of 666 billion US dollars of the No. 30 Building Asset Management Company, that is to say, by At that time, the Kushnar Group, the creditor of this part of the debt, will use the company's valuation at this time to convert the remaining outstanding debt into company shares one year later, which is equivalent to investing in shares.

Garrett's new plan can be said to have tilted Chen William's shareholding ratio. If the 30 billion US dollars is counted as shares now, then Chen William's shareholding will be diluted to 24%. Through this process, quite Yu gave William Chen a one-year buffer time.

"Within one year, can I also contribute my own funds to repay the debt of 20 billion US dollars, and then convert the part I repaid into shares?" After listening to these plans, William Chen asked.

"Yes, but the proportion of your converted shares cannot be higher than your shareholding proportion at that time."

Garrett's meaning is very clear, that is, once this plan is implemented, William Chen can maintain the shareholding ratio by repaying part of the debt during the year, but the Kushnar Group will get at least 60% of the building's shares, which will not change. In this way, no matter what, they have ensured their controlling position in the building.

It seems that they are very determined to win Building No. 666. This plan, in addition to making William Chen lose his controlling position in the building, is actually beneficial to him. After all, although he got 60% of the controlling shares, but The Kushnar Group is going to give 20 billion U.S. dollars interest-free to the asset management company of the building for one year.

"I need to think about it, how about it, I will give you an answer in two days, how is it, Garrett."

Hearing that William Chen didn't immediately refuse this time, Garrett was still very excited inside, but naturally he wouldn't show it on the surface, he nodded and said, "Okay, I hope you will think about it seriously, this plan is already very promising. Sincerely, William, I'll be back in two days."

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(End of this chapter)