blackstone code

Chapter 1488 I also want to intervene

The working ability of the chief executive is worthy of recognition, especially when the chief executive allocated Lynch's large loan as a bad debt, he showed excellent personal ability.

Bad debts mean that the bank cannot collect the money, so it is naturally a bad debt.

Because of this bad debt, the bank's asset valuation has been reduced by several million.

How did a bank with a market value of more than one billion be emptied little by little?

Just look here and you will know, just move a little here, move a little there, and then go bankrupt after a run...

With the cooperation of the president, the investigation team's internal investigation of the bank will soon have results, and everything is a decision made by the former president who died in the attack.

He asked the general manager to print a part of the currency that was not in circulation and did not have any official documents to prove its existence to meet Lynch's demand for loans.

He made very bad decisions knowing that Lemar's economy and the National Bank would not be able to meet Lynch's loan needs, and tried to hide these problems.

But by this moment, all the "truths" had surfaced.

No matter what his starting point is, he has done a wrong thing!
Now because of the bad choices he made, Lemar is suffering serious consequences.

The investigation team submitted the results of the investigation to the delegation, and at the same time Lynch's personal letter of intent for the acquisition of Lemar National Bank was also submitted.

After the delegation's contact with the country and the follow-up work with the President, the Congress of the Republic of Lemar and the President finally agreed to Lynch's request.

On Monday of the second week of June, Lynch and the President of the Lemar Republic signed a full purchase agreement at the Lemar National Bank.

The bankrupt Lemar National Bank will completely acquire 500% of the shares of Lemar National Bank at a price of 5000 million federal sols plus 90.00 million Blackstone Foundation bonds.

The reason why it is 90.00% nine is because there is still one percent belonging to the government of the Republic of Lemar.

At the same time, Lynch must also bear all the debts and shortfalls. According to the requirements of the agreement signed between the Republic of Lemar and Lynch, he must meet the withdrawal requirements of all depositors.

This involves about tens of billions and hundreds of billions of Yales' withdrawal needs, and Lynch also agreed to this.

A series of tasks such as consolidation, debt splitting, and debt fulfillment will be completed within a year, and depositor withdrawals must be resolved within six months.

In other words, Lynch must pay the savings of all depositors who want to withdraw cash within six months, otherwise the acquisition will trigger some additional terms.

Many people are actually not optimistic about these operations of Lynch. Although people know that Lynch wants a bank, and it is also a bank with the right to issue currency, but he is too reckless.

Once the cooperation between the Federation and Lemar is confirmed, the exchange rate of Yaris will rise in a straight line. People just have to wait a bit, and when the exchange rate of Yaris returns to the normal range, Lynch will face at least [-] million cash withdrawals appeal.

He can't afford the money at all!
Regardless of the fact that Blackstone Airlines has only received an order of more than two billion from the Federation, in fact, after these orders are completed, Blackstone Aviation's profit is only about [-] to [-] million.

Then distribute each shareholder and multiple dividends. Lynch's own account can be regarded as a very powerful skill if he can get [-] million in his account.

Unless he mortgaged all his properties to the bank, or sold some of them, even if he could raise the money, it would crush his other properties!

To the federal people, having money and being able to afford it are two different things.

Just like the Lemar National Bank at this time, who dares to say that it has no money?

Of course it has money, it also has a lot of loan business, it also holds shares in many companies, and there are many construction investments that are investing but have not yet seen money back.

These are all its assets, and Lynch's assessment of about [-] million yuan is not a random assessment.

But it still closed down!
Having money and being able to afford it are two different things.

If you have money, it means that you have value, but if you can't pay, it means that bankruptcy is waiting for you!
If Lynch's liquidity is all used for depositors to withdraw cash, then the cash pressure on his property will be very high, and a chain reaction may be triggered if he is not careful.

In the federation, for the financial wolves, anyone dares to challenge them. As long as they can see enough benefits and success rates, there is nothing they dare not do!

Once there is a loophole in the Blackstone system, these wolves and sharks will swarm in soon and tear Lynch to pieces.

Many people want to know how Lynch plans to tide over the difficulties, and some people think that this is his most stupid investment. Of course, many people contact him in private, hoping to facilitate a "joint acquisition".

For example... the six major lines.

Lynch and Joe Griman haven't seen each other for two years. Because of the good relationship between Lynch and him, Joe Griman was transferred to Nagalil by Jinhui Bank to serve as the president of the head office in Nagalil. .

For all industries in the Federation, Nagalil is a huge treasury, where secrets that can make people rich are hidden!
With a population of 100 million, even if only one-tenth of them save 20 yuan in Jinhui every year, that is [-] billion savings per year!

And in fact, this number is far more than that, because the market that has gradually been cultivated not only has savings business, but also loan business.

In order to adapt to the special social environment of Nagalil, the bank launched a brand-new loan business called the "job loan mechanism".

To put it simply, if you want a loan, you must first have a stable job, and then you can get a certain amount of loans after an evaluation based on your salary level and status in the company.

If someone fails to repay the loan in time, the bank will demand wages directly from the company. If the person has left the company and is unwilling to repay the money, the person will be blacklisted.

At that time, the entire Nagalil society will have no chance of this person surviving, and all companies related to the Federation will not use this person, and all companies that have business relationships with banks will not use this person.

He will lose the foundation of living here!

Until he pays back the money.

Of course, it doesn’t matter if you really can’t pay it back, you can directly explain the situation to the bank, and the bank will arrange a job for the debtor until he pays it off completely.

Joe Griman's work in Nagalil was carried out smoothly because of Lynch's support, and because he was getting older, he didn't bother to work hard anymore, so he planned to retire in Nagalil.

In fact, Nagalil is like a paradise for the people of the Federation, with low prices and low cost of living. A person who receives a low-level pension in the Federation can directly enter the middle class in Nagalil.

People like Joe Griman who can get a pension close to 1000 yuan, don't live too happily here!
In addition, he still has a lot of money himself, and he is also making investments at ordinary times. There is nothing wrong with Nagalil except for some people in summer. He has already planned to settle here.

Usually there is nothing to do most of the time, playing ball with friends and colleagues, or swimming, exercising, attending various parties, private gatherings and so on, it is simply heaven!
Until... Jinhui Bank sent him a document, hoping that he could go to the Lemar Islands and meet Lynch. It would be best to persuade Lynch to give it to Jinhui Bank a little bit. They are very nice to Lemar National Bank. interested.

In the past two years, Joe Griman has not paid as much attention to Lynch as before. The main reason is that the two sides have rarely contacted each other and have few opportunities to meet each other.

Sometimes the maintenance of feelings is often in the process of communication. You haven't seen someone for a long time, and you will only feel strange when you see them again.

So did Joe Griman.

He had no way to refuse the arrangement of the head office, so he had to pack his luggage and go to Lemar. He did have some strange feelings at the moment he met Lynch, but these feelings dissipated quickly.

The two shook hands, walked and chatted all the way, Lynch seemed no different from before, but the heavy demeanor on his body became more and more awe-inspiring.

"...So this time you are here mainly to talk to me about joining forces?"

Lynch looked at him, Joe Griman didn't shy away, nodded and said yes, "The bank means that they are willing to pay a part of the money, about 3000 million, and get 15.00% of the bank's shares from you."

The total value of the entire acquisition is about 2000 million. Jinhui took out 3000 million to account for about a quarter, but only 15.00%. Literally speaking, they are obviously very sincere.

Lynch smiled and shook his head, "Everyone is pretending to be confused, this bank is worth at least 20 billion, and I believe it will be worth 30 billion, or even [-] billion within five years."

"Jinhui's top management has no sincerity at all, and it's hard to talk about it."

When it was acquired, it must have tried to make it undervalued, but when it was acquired, everyone knew its actual value.

In addition, the National Bank will serve as a bridge between Lemar and Federal Capital, its role will only increase, and the market value of assets will also increase!
Let alone 3000% for 15.00 million, even [-]% is a problem.

Joe Griman did not show an ugly face because of Lynch's refusal. It is common for people who work in banks and finance to be pointed at their noses and scolded.

I want to get your money, so it is not a problem to be scolded by you for making you happy, what you want is psychological comfort, and I only want money——

money in your pocket!

When Lynch had finished speaking, he continued, "We noticed that you have a lot of pressure on cash, and we can just solve these pressures."

"I've been given some permissions from above, and I'll show you the bottom line."

"Twenty-five million, ten percent of the shares!"

"Before I came, they told me that this is the final bottom line. I think this price... is actually very sincere!"

This price is equivalent to doubling the market value of Lynch's acquisition of National Bank.

But obviously, they still underestimated Lynch's ability too much.

Money...he can have as much as he wants!

(End of this chapter)