Reborn as the richest man in India

Frist's refusal surprised Qiaogo. Isn't this what he wants?

It's delivered to your door. The opportunity is great.

Qiao Ge continued to look at the message in his hand. Below was the reason for Frist's refusal.

"Tsk, tsk, tsk~~" After reading it, Qiao Ge couldn't help but said with a tsk, "Okay, greed brings trouble."

Northern Mining Company had previously received a deposit of US$300 million. Although it would take three months to receive the remaining US$200 million, they felt stable.

They feel that CRA will not regret it.

If they really want to break the contract, they won't refund the US$300 million.

And they also recognize the strength of CRA company.

So the shareholders of Northern Mining Company quickly used this contract agreement to find bank loans. In the remaining three years, they will have an income of 1.5 billion US dollars. The banks felt that they had income as a guarantee and were willing to provide them with loans.

The loan amount is US$1.2 billion, which can be said to be a very high loan ratio.

This was because the bank felt that CRA was more reliable, and the Northern Mining Company had some connections, so it negotiated the loan.

However, this will have to wait until the contract between Northern Mining Company and CRA Company actually takes effect in three months before the loan is released.

Counting the 500 million from CRA and the upcoming loans from banks, many shareholders of Northern Mining Company have begun to invest in other industries.

Many people have paid a deposit and are waiting for the transaction with the CRA company to be completed and the bank to issue a loan three months later, so that they can pay off the purchase price.

Who would have thought that something would happen to Hanbao Steel?

Hanbao Steel has financial problems and has even exposed many scandals in the country. Some banks have submitted reports to the government that Hanbao Steel is in crisis.

In other words, banks are no longer able to continue to provide loans to Hanbao Steel.

For example, Bangzi First Bank and Bangzi Development Bank lent Hanbao US$1.25 billion and US$940 million respectively. This amount is equivalent to 100% and 50% of the two banks' own capital respectively, which is an extremely exaggerated ratio.

Hanbao Steel cannot fulfill its commitments. If it wants to continue the acquisition, CRA must bear the responsibility alone and needs to raise another US$1 billion from Hanbao Steel.

The CRA company is very powerful. It is not a big problem to bear US$1 billion in three years, but if another US$1 billion is added, they will not be able to do so.

If it were just them, they would not consider acquiring Northern Mining Company at all because they have insufficient funds.

Later, with the addition of Hanbao Steel, they gained the confidence and felt that with the combined efforts of the two companies, they still had enough funds.

They were careless.

But we can't blame them. After all, Hanbao Steel has the title of the second largest steel company in the country and has a great reputation.

It feels like it has enough strength.

The CRA company chose to cooperate with them.

As for high debt?

If you really want to talk about this, it is actually not very important. Many companies in the expansion period have come from high debt.

But CRA underestimated Hanbao Steel, and their debts were ridiculously high. These were the key reasons why CRA was careless and did not conduct in-depth investigations.

Who would have thought that Hanbao Steel, the second largest steel company in Bangzi, would have such a problem and be unable to afford follow-up funds.

CRA is now negotiating with Hanbao Steel to make them bear liability for breach of contract.

But how can Hanbao Company have any funds to bear it?

They also want to get back the previous $50 million.

CRA is also discussing with Northern Mining Company whether they can have a good negotiation on the breach of contract.

They don't dare to hope that they can get all the deposit back. Even if they can get some of the $300 million deposit back, it would be good.

This did nothing and resulted in a loss of US$300 million. Although their CRA company paid US$250 million, this was too heartbreaking.

CRA Company regrets it. At that time, Hanbao Steel said that its capital was not working properly and had to pay 50 million U.S. dollars first. It should have been vigilant on its part.

He was so stupid that he went out first and thought of giving Hanbao Steel three months to raise funds. It was simply too stupid.

Northern Mining Company angrily rejected CRA's request.

The shareholders of Northern Mining Company felt that they had been cheated, and they believed in CRA too much, so many of them invested, and then faced the risk of defaulting on the balance payment.

If you breach the contract, you will have to bear the liability for breach of contract, and the early deposit and the like will most likely be wasted.

So, how could Northern Mining Company return the US$300 million it received?

The liquidated damages of 300 million US dollars are not enough for their liquidated damages. Who can they ask to justify their liquidated damages?

In short, the three of them are in a mess now.

Naturally, Northern Mining Company can no longer use this US$2 billion contract for loans because the deal has been cancelled.

Therefore, they can only find ways to sell the Northern Mining Company as soon as possible to raise funds, so as to avoid defaults on their other investments.

It is precisely because of this that Northern Mining Company came to Frist personally to discuss the acquisition.

This is a request from others.

The initiative is on Frist's side.

1.3 billion US dollars, that was when the buyer was at a disadvantage before, but now the situation between buyers and sellers has reversed.

The one that can pay the full price in a short period of time is currently the International United Mining Company. This is the only option for the Northern Mining Company.

This is why Frist refused, $1.3 billion is too expensive now.

Qiao Ge looked at the news and smiled.

He knew that Frist was not really refusing, but was just a tactic to lower the price.

He believed that in a few days, Frist would bring him good news.

"You look very happy today. Is there anything good you can do?" Sophia looked at Qiao Ge's smiling face and couldn't help but ask.

Today, Qiao Ge is with Sophia.

"Yes, of course, it's a great thing." Qiaogo smiled, "It's about you."

"What good things can I do? I'm just trying to trick people. It must be related to your business." Sophia said in disbelief.

"It is true that there is business, but there are also good things about you." Qiao Ge put his arm around Sophia's slender waist and chuckled, "Your sister Xili Daiyu explored the way for you in the beautiful country, and the effect was good. I think it's better." You can pass the time."

"Yeah?" Sophia said with surprise when she heard this, "Really? Can I go there, Hollywood?"

"Of course, of course it's Hollywood," Jhogo replied.

Sophia's excited expression soon dimmed and she said, "The other sisters are not going, will it be okay if I go?"

She thought about the first-come, first-served rule. People like Fuli and Maduri were all hers before, and in terms of acting skills, they were not comparable to her.

So now Qiao Ge asked her to go to Beautiful Country first, and she was a little worried that other people would have opinions.

These days, Madhuri and the others treat her very well and give her lots of guidance on acting skills, so she has made great progress in making movies.

"They are not suitable now." Qiao Ge explained, "It is not a good thing to go to too many Indians at once. You are different, and your identity will make people over there in the beautiful country feel novel. I believe you will succeed. .I will explain it to Maduli and the others, so you don’t have to think too much.”

This time Sophia is indeed the most suitable to go over. Other girls like Fuli have to take their time and get over it slowly. There are so many good movies, and Qiao Ge will definitely arrange them for every woman.

And Sophia's identity is a bit sensitive, after all, her relationship with Pu Jing is unusual.

Qiao Ge will definitely need to focus on training. (End of chapter)