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What Wang Yaocheng said is actually a secret secret.
The major multinational banks tried their best to conceal the huge losses in the subprime mortgage crisis in order to maintain the confidence of depositors in order to survive the financial turmoil sweeping the world.
As for those large and medium-sized banks and financial lending institutions that have gone bankrupt, it is purely a broken capital chain. The huge hole can no longer be covered up, and they have to leave the market sadly.
As long as there is a possibility, the multinational banks will not disclose how much the real loss is?
They have 100 ways to amortize these huge losses to the provision for bad debts every year, to digest this bitter seed year after year, knocking out teeth and swallowing blood.
Doesn't Citibank know that Samsung Group's 55% preferred equity is worth much more than 83 billion U.S. dollars?
Why is the royal family fund so cheap?
They are not fools, and it is reasonable to do so, that is, to collect cash flow as much as possible, to prevent depositors from running out at any time, which is a real disaster.
Although it may not be possible to reach that step, all preventive work that can be done must go ahead, taking into account the worst situation and countermeasures.
? UBS Group¡¯s sale of ABB Group¡¯s equity is also for a similar purpose. After all, as long as UBS Group can keep it, there will never be a shortage of high-quality investment targets in the future, and there will be opportunities.
A sneer appeared on Wang Yaocheng's face, and he continued;
"Only when we understand all of this can we formulate targeted expansion plans in line with the development of the consortium, seize every opportunity to grow ourselves, and get all the good things we want.
?Don't look at the subprime mortgage financial crisis sweeping the world, which is threatening, and the situation is likely to change. In fact, it will not turn the sky.
Once the biggest thunder explodes, most of the damage from the financial crisis will be clearly revealed, and there will be no need to worry about cleaning up the mess and the self-repair of the world economy.
Therefore, considering the urgency and ease of acquisition, the acquisition of the abb group is ranked first.
?Because UBS is eager to withdraw funds, and the relevant negotiations have a solid foundation. I have instructed Du Bo to set up a special working group to acquire the equity of ABB Group in the market.
In less than a week, the abb group will be in my pocket, which will be the highest priority.
Only the things in your hands are good things. No matter how greedy you are in other people's pockets, you can only look at them after all.
At the same time, Du Bo will command an acquisition team of hundreds of people to acquire the shares of Rio Tinto through hundreds of accounts in the open market. Facing the treacherous Rio Tinto board of directors, the consortium will directly break the , Initiate a hostile placard takeover.
We plan to use the thunderbolt method of overwhelming Mount Tai to enter the board of directors of the main extension company. We don't have so much time to grind our teeth with them, and we will directly pile them up with money.
In today's jittery world financial market, I am very interested to see who will be the white knight?
As for the so-called poison pill plan, before Rio Tinto¡¯s board of directors started, we had already settled everything. This time, we wanted to be quick, accurate, and ruthless, without giving the other party a chance to react.
This is the second one.
As for the third one, it's not Wachovia but Washington Mutual, do you know why? "
Wang Yaocheng was in a good mood today, and he asked a question again. Vice Chairman Huo Jiaguang was shocked and did not rush to answer, but calculated a realistic account first;
Washington Mutual has an asset size of US$307 billion and is the largest savings financial institution in the United States. A large proportion of customer deposits are used for housing loans, and it is actively launching debt products that are mortgaged by housing and commercial real estate.
?As the subprime mortgage crisis worsened, Washington Mutual Bank¡¯s operating conditions continued to deteriorate. In order to strengthen capital, the bank announced a large-scale capital increase in April this year, raising funds of 5.6 billion US dollars.
However, since mid-July, as the US securities giant Lehman Brothers, Merrill Lynch Securities and two government system housing loan institutions have emerged, the bank has experienced a run on customers, and the amount of deposits withdrawn in three days is as high as 267. One hundred million U.S. dollars.
On the 14th, the closing price of the bank's stock was reported at US$1.69, falling below the US$2 mark, a plunge of about 25% from the previous trading day, and the overall market value plummeted by 91.2% from a year ago.
The board of directors of Washington Mutual Bank had no choice but to start looking for a buyer, but was forced to close down due to the rapid outflow of funds, facing the danger of bankruptcy.
As far as Huo Jiaguang knows;
?Washington Mutual is struggling to withstand heavy mortgage losses.Similar guidelines.
Undoubtedly, all of this stems from the strategic considerations of the chairman Wang Yaocheng's corporate development, or it is not an exaggeration to say that he is the designer of the overall strategy.
After today's conversation, Huo Jiaguang really admired the boss. He considered it very carefully from the strategic level. He borrowed natural disasters as a metaphor for the current financial crisis shrouded in the world economy. It is really very vivid and appropriate, which is eye-opening.
You can't deny that the two do have a lot in common.
The ruler is longer and the inch is shorter.
Huo Jiaguang knows that strategic layout is not his forte, and he must have a good attitude. It is too common for his self-confidence to be severely hit by this amazingly talented boss in front of him, so don't make it difficult for yourself.
This is a big monster!
I can only think about it in my heart, Huo Jiaguang didn't dare to say this, and said with a smile; "Haha, I understand now, boss, don't embarrass me anymore, when it comes to the strategic planning of the consortium, the only thing I'm going to do next If there are five-bodied worshipers, I am afraid that there will be no second person in the world who can roughly stand shoulder to shoulder with the boss's talents, so I will not make a fool of myself."
"Brother Jiaguang is serious, hehehe I am also showing off a little to make you laugh. This is like a painter who has created a satisfactory work and always wants to invite people to appreciate it. A stage without applause is lonely. Hope Don't blame Brother Jiaguang."
"Where, where, listening to the boss talk in detail today, Fang felt that he saw the bright moon through the clouds and mist, and there was a feeling of enlightenment."
"How can it be so exaggerated?"
"Really boss, the consortium's strategic planning must be based on the general trend of the world, find out the context, and then based on the consortium's strategic direction and the principle of maximizing benefits, cut the cake decisively. Quick hands, slow hands!"
"HahahaBrother Jiaguang's words are self-evident. Although there are many opportunities in this world, it is useless not to grasp them. So we have to take advantage of this opportunity to sweep the market. Even if I can't digest it now, I always put If you move these things back to your own home, you can¡¯t do it in one year or two years, and you can¡¯t do it in five years in two years. Anyway, it can be slowly transformed into your own strength, but once the opportunity is lost, it will never come again, which is very important.¡±
"I understand! The boss will definitely give me a task, please make it clear."
Wang Yaocheng nodded with satisfaction, and said, "Hehe, that's right, the action against ABB Group and Rio Tinto has already started, and it will only be a matter of time before the income is in the pocket. You, a veteran, don't need to take action. It is a product on the shelf, and it is readily available.
I now need you to go to Europe and start negotiations with Vodafone and Telef¨®nica.
?We don¡¯t need an absolute controlling stake, we can waive the requirement for the chairman. The bottom line is to strive for more than 30% of the equity and keep the board seats equal to the equity.
In order to realize the global layout of Hong Kong Global Telecom, escort the mobile phone, chip and telecommunications projects of consortium enterprises, open up the final channel to face European and American customers, and achieve the greatest degree of competitive advantage. "
Huo Jiaguang stood up with a serious expression, and said seriously; "Boss, please rest assured, I will lead my subordinates to Europe immediately, and will do my best to strive for the best interests of the consortium. Please look forward to the good news as soon as possible."
"You go out, I don't worry, hahaha"
Wang Yaocheng laughed happily, walked over and patted Huo Jiaguang on the shoulder and said, "Let us brothers fight again to completely complete the overall layout of the business empire. After this comprehensive attack, it will take ten years to digest the vested achievements. If there are major mergers and acquisitions, there will be more time to travel in the mountains and forests and enjoy the happiness of a good life in the future.¡±
"Boss, you are still young!"
"Hehe, there is endless wealth in the world, so we need to leave some opportunities for those who come after us." Wang Yao said with great emotion; "I also want to spend more time with my family, not to mention that the current Wang's consortium is already attractive enough. Eyeballs, we have to learn the philosophy of life of the older generation in the business world, hide our edge, bury our meat in a bowl, and be a person behind the scenes."
"That's right, hahaha"
"Ha ha ha ha¡¡"
As soon as this remark came out, the two laughed knowingly, and the hearty laughter spread throughout the huge office, bringing a full of happy atmosphere. (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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