The Son of Finance of the Great Age

  Chapter 600 Negotiation breakdown

"This is real?"

   "George, where did you get the news?"

   "Which Korean consortium did you contact? How much are you going to raise?"

  As soon as Soros finished speaking, other people at the meeting cried out in surprise, but everyone had different questions in their hearts, and the words they asked were also quite different.

"Relax, guys!" Soros replied with a smile, "The news is certainly true, but I can't tell you the source, but in a few days, the media will hype the news. In addition, I What I can also tell you is that Leimen's top management is already in a state of distress, because their first quarter report is so horrible that it is almost on the verge of collapse."

Although there are still doubts about the source of the news, no one questioned the authenticity of the news, because first, the news did meet market expectations, and second, Soros was in the same boat as them, and there was no need to deceive them at all. them.

   "By the way, George, what happened to that David Einhorn?"

While everyone was digesting the news in silence, John Paulson suddenly asked, "His speech at the Allen Thorne conference shook the entire market, and now everyone is staring at Raymond Brothers. If we hadn't acted early, I'm afraid it might have been discovered by others now."

"There are always smart people in this market!" Soros' tone suddenly became serious, "David is one of them, he discovered something we didn't notice before, and deduced from this There is a crisis, which is very rare, and even more effective than we simply 'let the air'. God, if you don't object, I want to bring this guy into our camp."

   "You must be joking!"

   "Nonsense, of course I object!"

  …

  Unsurprisingly, Soros did not expect that after his words were uttered, the others categorically denied them without even thinking about them. Moreover, Joseph Lewis objected the most strongly, "George, you can't do this anymore. You must know that the six of us now have very limited profits, and if we want to add one person, then each of us Even less if you can get it. Such stupid words should never be uttered by a shrewd person like you, for God's sake, don't let him join."

   The opposition was so fierce that Soros could not act arbitrarily, but shook his head helplessly, not to continue entanglement on this issue.

   "What we have to do now is to prevent South Korea from reaching an acquisition agreement with them, otherwise once they re-inject funds, our previous efforts will be in vain!"

  Jim Chanos did not participate in the booing of the crowd, but once he spoke, he pointed to the crux of the problem, and everyone had to pay attention to what he said.

"But how do we influence the Korean consortium?" Joseph Lewis thought for a while, feeling helpless, "I have no experience in dealing with the Korean side at all. And we are not easy to get ahead, because they can easily think that we are interested Fang, this will not convince them."

   "I do have some Korean friends, but their influence is very limited." Kenneth Griffin said quickly, "But I can let them inquire about some news, but more can't help."

Upon hearing the news, Soros' eyes lit up, and he said directly to Griffin: "Kenneth, since this is the case, then contact your friends first, now!" Then he explained: " Guys, don’t forget, there are people who are more anxious than us now, and if the Korean side is really asked to raise funds, we won’t be the first to be unlucky!”

   After he said this, everyone remembered that Zhong Shi was most likely shorting Leimen Brothers before them. So they are definitely not the ones who are eyeing the financing, and they are not the only ones who don't want Raymond Brothers to get extra funds.

Griffin acted quickly, and the phone was back online five minutes later, "The South Korean counterparts said that there has been no important matter in their country recently. Perhaps the Leimen Brothers were very cautious and did not show any clues. But recently it seems that A big guy showed up in South Korea, and the CEOs of Korea Development Bank and Hana Financial went to meet him."

   "Who is it?" Soros asked while opening the Bloomberg terminal, clicking on the shareholder structure of the two companies, and began to study in detail.

"I don't know!" Griffin shook his head and said helplessly, "They don't know who it is, but it is said that the background is very big, and people from both sides are vying to win them over. They only know that it is a young yellow man. I don't know."

"Could it be Zhongshi?" Except for Soros, everyone else had such an idea in their minds, but they were decisively denied the next moment, because even if Zhongshi was famous, he would not let the CEOs of the two big consortia To scramble to win over is really against common sense.

  But their doubts were soon answered, "Yes, it's that guy!" Soros said firmly.

"why?"

  A big question mark appeared in the minds of other people again, and it appeared almost simultaneously. Just now they came to a conclusion that violated common sense, but now it was confirmed by Soros, which made them feel that their heads were not turning fast enough.

"The reason is very simple!" Although he said it lightly, Soros couldn't hide the shock in his heart, "Since 1998, Tianyu Fund has appeared on their list of major shareholders, although there have been However, so far, Tianyu Fund is still their top five major shareholders."

"This can explain why they are arguing over Zhongshi, and it turns out that they are all trying to please him!" Having said this, Soros almost gritted his teeth, "Damn it, but now we can also breathe a sigh of relief, because he absolutely The South Korean side will not be allowed to inject capital into Leimen Brothers. Compared with us, this guy has much more influence in South Korea."

   "But how did he know that the Leimen Brothers were in contact with South Korea?" Julian Robertson asked puzzled.

Although a potential hidden danger was eliminated, Soros was clearly not in a better mood, and replied almost in a cursed tone: "There are too many possibilities, maybe he got the same news as me. It may also be Leimen The brother contacted someone from the Korea Development Bank or Hana Finance. As one of the major shareholders, he must be informed of the relevant news. Damn, if it is the latter, it can only be said that this guy is really lucky. "

   "Then we..."

  Hearing Soros' words, the others immediately felt a rush of resentment, but they didn't care about it, because it was a grievance between Soros and Zhongshi. But because it is possible to be in the same boat as Zhong Shi now, some people even have a faint liking for Zhong Shi.

  In the face of interests, personal emotions are completely cumbersome, and rational people must completely separate the two. This is also the reason why Soros was able to attract so many people. If he put his grievances with Zhongshi first, the alliance would be torn apart immediately.

   "Then what do we need to do?" Finally Joseph Lewis asked, "We can't do nothing, wouldn't it make us appear too incompetent?"

"Incompetence is not a bad thing, if you can make money!" Soros, who finally came to his senses, said leisurely, "Continue to be short and spread the news, this is what we can do at this stage. It is not clear who What are we going to do, so we continue our strategy, even after that guy's lobbying fails, we must make the South Korean side fearful of the current Leimen Brothers and not dare to get involved easily."

  …

  On June 4, the "Wall Street Journal" published an article pointing out that Lehman Brothers is currently facing a liquidity crisis and is seeking financial assistance, with the destination overseas.

In the article, the reporter wrote: "In the Far East Korea, Leihman Brothers approached the state-owned policy bank Korea Development Bank. The CEO of Leihman Brothers in South Korea, Zhao Jianhao, is currently in charge of a huge transaction. The details are not yet known. Clear, but the biggest possibility is that Lehman Brothers is selling shares to a Korean conglomerate."

   Once the news broke out, the entire market was in an uproar. Although Dick Foud has blacklisted The Wall Street Journal, he still cannot control insiders from breaking news to the nation's largest financial media. Furious, he jumped around the office in a hurry, but he couldn't stop the stock price of Raymond Brothers from plummeting in the market. On this day, the stock price of Raymond Brothers fell by 7% to close at 21.40 US dollars.

  Because of the fall in the stock price, the South Korean side once again requested to revise the quotation. Leimen's negotiating team had no choice but to back down again. But gradually they also discovered that the people negotiating with them can't make decisions at all. These are just a group of low-level employees. Colleagues got on the return plane.

  The falling stock price of Raymond Brothers makes Koreans afraid to cooperate with them, which is their best excuse. In fact, this is indeed the case. In just five trading days, the stock price of Leimen Brothers fell from more than 30 US dollars to more than 20 US dollars, a drop of more than 30%. It does not appear to be the end. This makes any company that comes into contact with Raymond Brothers have to be cautious.

   Negotiations ultimately failed.

   At 6:30 am on Monday, June 9th, Leimen Brothers announced its second financial statement for this year, with a net loss of US$2.8 billion, and an average loss of US$5.12 per share. After the opening of the market, the stock price of Leimen Brothers fell sharply by 10%, and fell more than 15% in the intraday session. At this time, voices began to spread about Dick Foud, chairman of the board of directors of Raymond Brothers, getting out of class.

   Thundermon Brothers, it's dangerous!

   Thanks to book friend Xiao Qi for the miracle of civilization, and 2000 Raul for rewarding this book! Thank you for your review vote! I hope you will not be disappointed with this book. Although there are many difficulties in life, the author will still try his best to persevere. Friends who like this book, please recommend more, bookmark more, and vote more. The results of this book require everyone to work together~

  (end of this chapter)